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James Turk: Four important charts
8:22p ET Monday, December 24, 2007
Dear Friend of GATA and Gold:
GoldMoney founder, Freemarket Gold & Money Report editor, and GATA consultant James Turk has a Christmas present for precious metals investors, new technical analysis based on four charts -- a dollar gold price chart, a dollar silver price chart, a dollar chart, and a euro gold chart. They are, Turk concludes, all bullish for the metals and bearish for the dollar and the euro.
Turk concludes: "The dollar doesn't offer a safe haven, so the money that fled the dollar into the euro in the first place will not reverse back into the dollar. It will go elsewhere, and no other national currency has the depth to absorb this flow of hot money. So where will it go? I think it will go into gold, which, if it does, would mean that gold's uptrend is going to accelerate."
You can find Turk's new analysis, "Four Important Charts," in the "Founder's Commentary" section in the third column of the GoldMoney home page here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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