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Fed to aim to put inflation premium on top of GDP, Rickards tells King World News
11:31a ET Sunday, December 18, 2011
Dear Friend of GATA and Gold:
Geopolitical analyst James G. Rickards tells King World News he expects the Federal Reserve to start aiming for a certain level of "Notional Gross Domestic Project," which is just to put an inflation premium on top of the lousy ordinary Gross Domestic Product, and that this will send the gold price flying. An excerpt from the interview as well as full audio of the interview can be found here:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/12/18_J...
Meanwhile in the weekly precious metals review at King World News, Bill Haynes of CMI Gold and Silver reports a buying of the dips and futures market analyst Dan Norcini says gold and silver mining shares have remained in their long-running trading range despite their recent fall:
http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2011/12/17_...
And resource stockbroker Rick Rule tells King World News that he put his money where his mouth is last week, buying millions of dollars worth of mining shares:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/12/16_R...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Sonora Aims to Follow First Majestic's Success
With Silver Mining Exploration in Mexico
Sonora Resources (OTCBB: SURE) is a silver mining exploration company focused on the development of prospective opportunities in Mexico. The company president and CEO is Juan Miguel Rios Gutierrez, who helped build First Majestic Silver Corp., which began trading for pennies and today is at more than $16 per share. Gutierrez was the fourth person to join First Majestic Silver, originally as general manager, then manager for new business initiatives and strategic planning. He left First Majestic Silver to work with Sonora Resources and yet maintains strong contacts with First Majestic. In fact, First Majestic is a large shareholder in Sonora and has a joint venture with the company.
For more information about Sonora Resources, please visit:
http://www.SonoraResources.com
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Golden Phoenix Signs Definitive Agreement
to Acquire and Reopen Santa Rosa Gold Mine in Panama
Company Press Release
Monday, September 19, 2011
SPARKS, Nevada -- Golden Phoenix Minerals Inc. (OTC Bulletin Board: GPXM) has signed a definitive agreement to acquire a 60 percent interest, with an option to buy an additional 20 percent interest, in the Santa Rosa gold mine in Panama, now owned by Silver Global S.A., a Panamanian corporation.
Santa Rosa produced more than 100,000 ounces of gold from 1996 to 1998 before being closed in part to low gold prices, which are now more than five times higher.
Golden Phoenix intends to acquire its initial 60 percent interest in Santa Rosa by acquiring 60 percent of the share capital of a recently created company under the name Golden Phoenix Panama S.A., formed to hold and operate the mine.
Tom Klein, CEO of Golden Phoenix says: "The agreement establishes a solid framework from which we can advance Mina Santa Rosa to production-ready status."
For Golden Phoenix's complete statement, please visit:
http://goldenphoenix.us/press-release/golden-phoenix-signs-definitive-ac...
