Chris Powell and I are flying to Washington on Sunday night to appear on the Russia Today show Capital Account the following Tuesday. It is a follow up to Bart Chilton’s appearance which drew 73,000 hits on You Tube alone, in addition to their 2 million subscription worldwide cable audience. If you have any ideas how to maximize our trip in terms of increasing viewership etc., please let me know.

The gold/silver share sector is still in a siege, with the sentiment worse than at any time since I began this commentary in September of 1998, despite the gold and silver price rises from $290 and $4 respectively. Back then there was HOPE and a clear understanding, at least from the GATA camp, where prices were going and why. Now there is much DESPAIR. Despite the price rises, the price suppression scheme is carrying the day for the bad guys to dampen enthusiasm in the share sector because of sharply rising mining costs. Shares of many of the junior and exploration companies are back to where they were when gold and silver were at their bottoms at the turn of the century, or not too far off those lows. Brokerage business in the sector stinks, there are few deals being made, little money is available to enhance business, etc. Many veteran investors in the share sector are fleeing or have already fled.

Café members know this all too well. GATA is doing all we can do to change the climate, carrying our spear right at the bad guys causing so much harm to the industry. There will be developments in the next couple of months which will aide our efforts, but now is the time to seize the day. We are hoping our efforts on Russia Today’s Capital Account will enhance our fundraising event, featuring the legendary Bob Bishop, at The Cambridge House Conference in Vancouver on January 21. One of our goals is to pick up some corporate sponsorships for the fund raiser. The major problem today for many in the junior/exploration sector is this price suppression scheme. What other group is out there doing anything about it? Many firms in our sector know of GATA, but do not know, or appreciate, what we are attempting to do for them. Perhaps if they watch this show, know its audience, they will be more sympathetic to helping us to help them.

CP will be dispatching the info on the show later in the week. We would appreciate it if you forward the info to the CEO’s of the precious metals firms in which you are a shareholder.