Awoke
27th April 2010, 06:00 AM
See PDF file linked below:
Murray Pollitt: Lessons of history
Submitted by cpowell on 03:57PM ET Monday, April 26, 2010. Section: Daily Dispatches
6:50p ET Monday, April 26, 2010
Dear Friend of GATA and Gold:
Having lived the last half century of it, perhaps only Murray Pollitt of Toronto mine finance house Pollitt & Co. could put the current gold market into the perspective of history as well as he has done in his latest client letter. The current market, Pollitt writes, reminds him of the market in 1972, the eve of its explosion -- and back then there were no derivatives, mine production wasn't struggling as it is now, and there was no developing world making huge new demands for commodities. Pollitt's letter is headlined "Lessons of History" and he has generously consented for GATA to share it with you here:
http://www.gata.org/files/PollittMarketLetter-04-19-2010.pdf
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Murray Pollitt: Lessons of history
Submitted by cpowell on 03:57PM ET Monday, April 26, 2010. Section: Daily Dispatches
6:50p ET Monday, April 26, 2010
Dear Friend of GATA and Gold:
Having lived the last half century of it, perhaps only Murray Pollitt of Toronto mine finance house Pollitt & Co. could put the current gold market into the perspective of history as well as he has done in his latest client letter. The current market, Pollitt writes, reminds him of the market in 1972, the eve of its explosion -- and back then there were no derivatives, mine production wasn't struggling as it is now, and there was no developing world making huge new demands for commodities. Pollitt's letter is headlined "Lessons of History" and he has generously consented for GATA to share it with you here:
http://www.gata.org/files/PollittMarketLetter-04-19-2010.pdf
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.