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James Turk: Updating the charts
10:51a ET Tuesday, May 26, 2009
Dear Friend of GATA and Gold:
GoldMoney founder James Turk, editor of the Freemarket Gold & Money Report anad consultant to GATA, writes that Treasury note yields have made "a huge round trip" and now are rising as the U.S. government devalues the dollar by turning debt into currency. "The more Treasury paper the Fed buys, the lower the dollar will fall in the foreign exchange markets and, more to the point, the higher gold will rise." Turk's new commentary is headlined "Updating the Charts" and you can find it at the GoldMoney site here:
http://goldmoney.com/en/commentary/2009-05-25.html
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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