James Turk: Updating the Charts-from GATA

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James Turk: Updating the Charts-from GATA

posted on May 26, 2009 08:36AM

Submitted by cpowell on 07:51AM ET Tuesday, May 26, 2009. Section: Daily Dispatches

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: