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Brodsky on deleveraging, Celente on crooked markets at King World News
5:40p ET Thursday, November 17, 2011
Dear Friend of GATA and Gold:
Over at King World News, fund manager Paul Brodsky warns against confusing deleveraging in the markets with deflation in price levels:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/11/17_P...
And trends analyst Gerald Celente concludes that the markets are crooked, in light of the collapse of MF Global, which cheated him out of his account, and the conflict of interest in gold-shorter HSBC's custodianship of the gold of exchange-traded fund GLD:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/11/17_G...
Followers of GATA could tell Celente that crooked markets are a very old trend. Even so, we welcome him aboard the S.S. Tinfoil Hat!
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Golden Phoenix Completes Operating Agreement
for Santa Rosa Gold Mine in Panama
Golden Phoenix Minerals Inc. (GPXM) has entered a joint venture operating agreement with Silver Global S.A., a Panamanian corporation, governing the operational and management aspects of their new joint venture company, Golden Phoenix Panama S.A., a Panamanian corporation formed to hold and operate the Santa Rosa gold mine in Canazas, Panama, and explore the mine's adjacent property.
Golden Phoenix will be manager of the joint venture company. Silver Global will handle all social programs, political and community relations, and human resource matters for the joint venture company in Panama. Golden Phoenix and Silver Global also have agreed to work together on all future acquisitions within Panama and to bring such new opportunities to the joint venture company.
Golden Phoenix will be earning in to a 60 percent interest (and potentially an 80 percent interest) in the Santa Rosa mine. Upon signing the joint venture agreement and completing the corresponding acquisition payment, Golden Phoenix will earn an initial 15 percent interest in the joint venture company.
Tom Klein, CEO of Golden Phoenix, says the agreement "creates a solid foundation for the development and planned re-opening of Mina Santa Rosa."
For Golden Phoenix's full statement on the joint venture operating agreement, please visit:
http://goldenphoenix.us/press-release/golden-phoenix-completes-joint-ven...
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