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Will gold catch oil? And silver soars without short covering
11p ET Tuesday, March 11, 2008
Dear Friend of GATA and Gold:
Michael Kosares, proprietor of Centennial Precious Metals in Denver and host of its Internet forum, www.USAGold.com, notes that gold's traditional relationship with oil seems to have been broken for some decades because of "price management" of gold by mining companies, bullion banks, and central banks. His new essay is headlined "Will Gold Catch Up With Crude?" He thinks so, and you can find his essay at GoldSeek here:
Meanwhile, silver market analyst Ted Butler writes that silver fans should be ecstatic that the metal has soared from $5 to $20 in just a few years without any covering by the few big commercial shorts. The short covering that remains to be done, Butler said, is likely to propel silver far ahead of all other investments. His new essay is headlined "Still a Great Trade" and you can find it at GoldSeek's companion site, SilverSeek, here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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