9:50p ET Friday, May 14, 2010

Dear Friend of GATA and Gold (and Silver):

Within a half hour of each other today the leading business television networks in North America reported doubts that gold exchange-traded funds either have the gold they claim to have or can get enough real gold to meet likely demand.

The first doubt was expressed on CNBC in the United States, where market analyst Rick Santelli comments at 5:30 into this segment:

>http://watch.bnn.ca/#clip302139

There seems to be growing consensus in favor of what GATA long has been urging gold and silver investors to do: to take possession of their metal or make certain that any custodian has got it in allocated and audited form, especially since the custodians of the largest gold and silver ETFs are also the biggest gold and silver shorts, a grotesque and unacknowledged conflict of interest:

http://www.gata.org/node/8600