Martin Hennecke: China knows that gold market is rigged

Section:

10:25a CT Wednesday, October 23, 2012

Dear Friend of GATA and Gold:

Writing from Hong Kong for MarketWatch today, Tyche Group Ltd. Associate Director Martin W. Hennecke seems to have been following GATA's work closely.

Hennecke writes: "It is an open secret among precious metals analysts and traders that the gold and silver markets are being heavily manipulated, mostly to the downside; that is, their prices are being suppressed by various Western financial entities in what should be a scandal much bigger than the Libor rigging scheme."

But, Hennecke notes, China knows all about the market rigging and is exploiting it to obtain discounted metal. Hennecke's commentary is headlined "China Knows that Gold Is Rigged" and it's posted at MarketWatch here:

http://www.marketwatch.com/story/china-knows-that-gold-is-rigged-2012-10...

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


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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....



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