Dear Friend of GATA and Gold:

Paul Mylchreest, author of the January 2006 report on gold for the Cheuvreux brokerage house of Credit Agricole (www.gata.org/node/4270), has updated his research in his new position as an analyst at Redburn Partners in London. Mylchreest’s new report, titled “Gold War,” cites at length and concurs with GATA’s work about central bank intervention against gold and declares that the biggest credit bubble in history will “either be purged in a deflationary recession or inflated away in currency debasement,” with gold winning either way.

Mylchreest’s report for Redburn Partners has been posted at GATA’s Internet site here:

www.gata.org/node/5725