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Stampede into gold shares is imminent
11:05p EDT Sunday, October 10, 1999
Dear Friend of GATA and Gold:
You'll be interested in the latest market commentary by
Milhouse at www.gold-eagle.com.
After reviewing the stock and bond markets, Milhouse
analyzes last week's action in gold stocks and
attributes their decline to the general concern about
overhedging by producers, a concern that harmed the
innocent along with the guilty. Milhouse predicts
higher prices for the shares of unhedged producers as
investors begin to distinguish them from the hedgers.
This is another reason for investors to check closely
the hedging position of the companies in which they own
You can find the Milhouse essay at:
Please post this as seems useful.
CHRIS POWELL, Secretary
Gold Anti-Trust Action Committee Inc.