Gene Arensberg: Big gold shorts covering as GATA stuns CFTC hearing

Submitted by cpowell on 06:07PM ET Tuesday, March 30, 2010. Section: Daily Dispatches
9p ET Tuesday, March 30, 2010

Dear Friend of GATA and Gold:

Gene Arensberg's new "Got Gold Report," excerpted from Brien Lundin's Gold Newsletter (www.GoldNewsletter.com), reports that the big commercial traders are starting to cover short positions in gold. Arensberg also expresses great satisfaction with last week's hearing on metals trading by the U.S. Commodity Futures Trading Commission. He writes that GATA's disclosure of whistleblower Andrew Maguire's correspondence with the CFTC stole the show. Arensberg's commentary is headlined "Big Gold Shorts Covering Again" and you can find it at Stockhouse here:

http://www.stockhouse.com/Columnists/2010/March/30/Got-Gold-Report--Big-...

And at GoldSeek here:

http://news.goldseek.com/GoldSeek/1269960098.php

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.