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Interviewed by GoldMoney, Martenson and Hera agree QE is just a bank bailout

Section: Daily Dispatches

11a ET Friday, September 28, 2012

Dear Friend of GATA and Gold:

GoldMoney Research Director Alasdair Macleod this week has done a couple of compelling interviews with market analysts congenial to GATA's outlook, Chris Martenson of PeakProsperity.com and Ron Hera of Hera Research. Both argue that the Federal Reserve's "quantitative easing" programs are aimed at sustaining insolvent banks rather than reviving the U.S. economy. Martenson says the world's finite resources will likely break currency systems that require exponential growth in the money supply. Hera explains his criteria for investing in resource companies, including gold and silver miners.

Macleod's interview with Martenson is 25 minutes long and is posted at GoldMoney here:

http://www.goldmoney.com/podcast/chris-martenson-on-peak-prosperity-and-...

Macleod's interview with Hera is 20 minutes long and is posted at GoldMoney here:

http://www.goldmoney.com/podcast/ron-hera-on-why-qe3-is-really-a-bank-ba...

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



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Join GATA here:

Toronto Resource Investment Conference
Thursday-Friday, September 27-28, 2012
Toronto Sheraton Centre Hotel
Toronto, Ontario, Canada
http://www.cambridgehouse.com/event/toronto-resource-investment-conference

New Orleans Investment Conference
Wednesday-Saturday, October 24-27, 2012
Hilton New Orleans Riverside Hotel
New Orleans, Louisiana
http://www.neworleansconference.com/

* * *

Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006:

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Prophecy Platinum Intercepts Best Pt+Pd+Au Grades Yet
at Wellgreen Project in Yukon Territory: 5.36 g/t

Company Press Release
Tuesday, September 11, 2012

VANCOUVER, British Columbia -- Prophecy Platinum Corp. (TSX-V: NKL, OTC-QX: PNIKF, Frankfurt: P94P) announces more results of its 2012 drill program on the company's fully-owned Wellgreen platinum group metals, nickel, and copper project in southwestern Yukon Territory, Canada. Four surface holes and four underground holes all intercepted significant mineralized widths, ranging from 28.5 meters (WS12-201) and up to 459.5 metres (WS12-193). Highlights include WU12-540, which returned 8.9 metres of 5.36 grams per tonne platinum, palladium, and gold; 1.73 percent copper; and 1.01 percent nickel within 304.5 meters of 0.66 g/t platinum-palladium-gold, 0.20 percent copper, and 0.27 percent nickel.

The surface drill program started in June and has completed 16 holes (assays pending for 12 holes) with two rigs now on site. The surface program continues to progress at a steady pace.

Prophecy Chairman John Lee commented: “Wellgreen is a very large nickel, copper, and platinum group metals project with near-surface high-grade zones. High-grade intercepts will be incorporated into resource modeling and mine planning in the pre-feasibility study. We expect further positive drill results from Wellgreen shortly.”

Wellgreen features a low 2.59-to-1 strip ratio, is situated at an altitude of 1,300 meters, and is only 15 kilometers from the two-lane paved Alaska Highway. Those factors significantly minimize the project's indirect costs.

For the complete company statement with full tabulation of the drilling results, please visit:

http://prophecyplat.com/news_2012_sep11_prophecy_platinum_drill_results.php