John Lee: Deflationary depression? Where to go from here

7p ET Thursday, October 23, 2008

Dear Friend of GATA and Gold:

John Lee of Mau Capital Management argues that this is not the end of the world for gold and mining shares, not with "central banks recently pledging over $2 trillion to solve the crisis, a $750 billion bailout, more consumer stimulus, a federal deficit set to blow over $1 trillion, a continued U.S. trade imbalance, a gigantic $10 trillion foreign reserve that is mostly yet to be diversified, and the central banks' inability to raise rates to combat inflationary pressure," and not with the continuing modernization of Asia and the Middle East, regions with $4 trillion at their disposal. Lee's new commentary is headlined "Deflationary Depression? Where to Go from Here," and you can find it at the Goldmau site here:

http://new.goldmau.com/article.php?id=899

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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