Released on: July 21, 2008, 2:30 am

Press Release Author: Richard Drake

Industry: Financial

Press Release Summary: Cornerstone Worldwide reportedly quietly confident of more
upside to gold

Press Release Body: While the market analysts were busy reporting the death of the
gold bull, it would appear that Cornerstone Worldwide predictions that the yellow
metal had a long way to run were proven correct in dramatic fashion during late
European trading today.

Although Cornerstone Worldwide were by no means the first to champion gold's
traditional perception as a hedge against the inflation seeping into the very fibre
of nigh on every developed or developing economy this year, they reportedly held
fast following gold's sharp correction in March this year after touching a high of
$1039.90. Reports emanating from Cornerstone Worldwide Asian-based operation
speculating the Federal Reserve wouldn't rush to raise borrowing costs to curb
inflation were, again, proven accurate.

Gold futures for August delivery jumped $27.40, or 3.1 percent, to $907.70 an ounce
at 8:52 a.m. on the Comex division of the New York Mercantile Exchange. A close at
that price would mark the biggest percentage gain for a most-active contract since
Nov. 23.


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