GoldMoney founder James Turk, editor of the Freemarket Gold & Money Report, has posted a new commentary at GoldMoney's Internet site, "Gold From A Global Perspective." Turk writes:
"The bull market in gold against the dollar and pound has already begun. However, the global bull market in gold has not yet begun, and won't until gold breaks out of the 'saucer' pattern in terms of the Deutschemark, Swiss franc, and yen.
"I expect that gold will soon break out of the 'saucer' pattern against these three remaining currencies. In fact, the patterns are complete, so a breakout appears imminent. It is an event that we gold bulls want, because it will signal a global movement out of fiat national currencies into gold. The last time we saw that event was in the 1970s, and we all know what happened to gold in that decade."
You can find Turk's latest here:
http://goldmoney.com
Click on "Founder's Commentary" in the box at the top left of the page, and then, on the next page, on "Gold From A Global Perspective."
CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc.