Peter Brimelow: Unprecedented commentary in GATA's favor

Section:

11:56a ET Monday, October 24, 2011

Dear Friend of GATA and Gold:

MarketWatch.com columnist Peter Brimelow today notes GATA's gaining respectability. Brimelow writes:

"This week saw unprecedented commentary from unusual sources on gold’s behavior. Most astonishing of these: a column in Saturday's London Financial Times by U.S. editor Gillian Tett. She recently listened to a speech by radical gold bug Gold Anti-Trust Action (GATA) Committee leader Chris Powell.

"She wrote: 'I think ... it would be foolish simply to deride or ignore GATA. ... Some of its points have at least a grain of truth. Even if you find it hard to believe that central bankers would be dastardly enough to create a plot -- or competent enough to do what GATA claims -- the fact is that global commodity markets are pretty murky, central banks are often opaque, and Western rhetoric about 'free' markets is often hypocritical." (Read article, "Is there a shadowy plot behind gold?" -- http://www.ft.com/cms/s/2/90effa18-faa3-11e0-8fe7-00144feab49a.html.)

"I say 'ah ha!' to this. I've been writing about the gold conspiracy theory on Market Watch since I started here in 2002. (Greatly to the credit of the MW editors -- other employers balked.) For example, see my Nov. 11, 2002, column: http://www.marketwatch.com/story/gold-bulls-gather-suspiciously.

"Almost equally astonishing for those who know the gold world: the suggestion by veteran gold fund manager John Hathaway in an interview on King World News that 'you kind of have to wonder if the government in Europe or the European Central Bank didn't want gold to be on the defensive because of all of these announcements about a lending facility. ... The last thing they want is for gold to be rocketing in the face of that.'

"Hathaway has historically steered clear of this controversy."

Brimelow's commentary is headlined "Gold Bugs Bruised But Buoyant (Again) / Gold Manipulation Thesis Goes Mainstream" and you can find it at MarketWatch here:

http://www.marketwatch.com/story/gold-bugs-bruised-but-buoyant-again-201...

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



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Sona Drills 85.4g Gold/Ton Over 4 Metres at Elizabeth Gold Deposit,
Extending the Mineralization of the Southwest Vein on the Property

Company Press Release, October 27, 2010

VANCOUVER, British Columbia -- Sona Resources Corp. reports on five drillling holes in the third round of assay results from the recently completed drill program at its 100 percent-owned Elizabeth Gold Deposit Property in the Lillooet Mining District of southern British Columbia. Highlights from the diamond drilling include:

-- Hole E10-66 intersected 17.4g gold/ton over 1.54 metres.

-- Hole E10-67 intersected 96.4g gold/ton over 2.5 metres, including one assay interval of 383g of gold/ton over 0.5 metres.

-- Hole E10-69 intersected 85.4g gold/ton over 4.03 metres, including one assay interval of 230g gold/ton over 1 metre.

Four drill holes, E10-66 to E10-69, targeted the southwestern end of the Southwest Vein, and three of the holes have expanded the mineralized zone in that direction. The Southwest Vein gold mineralization has now been intersected over a strike length of 325 metres, with the deepest hole drilled less than 200 metres from surface.

"The assay results from the Southwest Zone quartz vein continue to be extremely positive," says John P. Thompson, Sona's president and CEO. "We are expanding the Southwest Vein, and this high-grade gold mineralization remains wide open down dip and along strike to the southwest."

For the company's full press release, please visit:

http://sonaresources.com/_resources/news/SONA_NR19_2010.pdf



Join GATA here:

New Orleans Investment Conference
Wednesday-Saturday, October 26-29, 2011
Hilton New Orelans Riverside Hotel

http://www.neworleansconference.com/

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Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

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http://www.gata.org/node/16



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Prophecy Platinum Drills 120.9 Meters
Grading 1.26 g/t PGM+Au at Yukon Wellgreen Project

Company Press Release
Monday, September 26, 2011

VANCOUVER, British Columbia, Canada -- Prophecy Platinum Corp. (TSX-V: NKL, OTC-QX: PNIKF, Frankfurt: P94P) has announced the drill results received from its 2011 drilling Wellgreen platinum group elements, nickel, and copper project in the Yukon Territory.

Borehole WS11-188 encountered 457 meters of mineralization grading 0.47% nickel equivalent (including 0.72 grams per ton platinum, paladium, and gold) from surface to the footwall contact. Within this larger swath of mineralization, the hole encountered a high-grade section of 17.8 meters of 3.14 grams per ton platinum, palladium, and gold, 1.03% nickel, and 0.74% copper (1.77% nickel equivalent).

The hole was drilled completely outside of current resource boundaries, between the East Zone resource and the West Zone resource that was reported in the company's press release no July 14, 2011.

The high-grade intercept located between the two resources not only demonstrates that the East and West Zone resource form a single, geologically contiguous body but also indicates that the higher-grade material in the East Zone continues to the west and at depth at Wellgreen.

For drill result tables and maps, please see the company's full press release here:

http://www.prophecyplat.com/news_2011_sep26_prophecy_platinum_wellgreen_...