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Jim Sinclair: Refusal to recognize Greek default requires 'QE to infinity'
5:21p ET Friday, March 2, 2012
Dear Friend of GATA and Gold:
Market analyst and gold mining entrepreneur Jim Sinclair argues today that the decision of the International Swaps and Derivatives Association not to recognize the Greek government bond writedown as a default triggering bond insurance will require "quantitative easing" to infinity to protect bond-holding banks against losses. Sinclair adds that "QE to infinity" puts a floor under the gold price. Sinclair's commentary is posted at his Internet site, JSMineset, here:
http://www.jsmineset.com/2012/03/02/the-two-economic-clutch-type-events-...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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Golden Phoenix Discusses Royalty Mining Growth Strategy
on '21st Century Business' on Fox Business Network
Golden Phoenix Minerals Inc. has discussed its royalty mining growth strategy on the Fox Business Network program "21st Century Business" with host Jackie Bales. Golden Phoenix's director of corporate communications, Robert Ian, told how the company narrows its focus to project generation and future royalty streams. He explained why Golden Phoenix believes it's better to own joint-venture interests in several producing mines instead of full exposure to just one project.
"21st Century Business" has been airing for 15 years. Previous hosts have included Gen. Alexander Haig, Gen.l Norman Schwarzkopf, and Secretary of Defense Caspar Weinberger. Golden Phoenix appeared as paid programming on this broadcast.
To view the program with Golden Phoenix, please visit Golden Phoenix's Internet site here:
http://goldenphoenix.us/fox-business-network/
