Dear Friend of GATA and Gold:

Gold mining entrepreneur Jim Sinclair — chairman of Tanzanian Royalty Exploration Corp., veteran gold and commodities trader, and proprietor of the free Internet site of financial market information for the gold community, JSMineSet.com — will speak at GATA’s Gold Rush 2011 conference in London on August 4-6.

For a decade now Sinclair has fearlessly and steadfastly predicted gold’s ascent against the forces of price suppression and market propaganda, and he repeatedly has put his money where his mouth is in pursuit of gold’s renewed recognition as the international currency. Back in 2004, as gold climbed its wall of worry to reach $400 per ounce, Sinclair arranged for his readers what might have been called the "Sinclair put" on the purchase of 1-ounce Vienna Philharmonic gold bullion coins from Monex Precious Metals in Newport Beach, California. If gold still wasn’t above $400 a year hence, Sinclair pledged, he would buy the coins at that price from any disappointed reader. Emboldened by the Sinclair put, your secretary/treasurer bought 10 such coins — and, of course, along with other Sinclair readers, wishes he had bought more. But that is only a part of the gold community’s debt to Sinclair.