gold vs international currency

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    Dear Friend of GATA and Gold:

    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:

    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.

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