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Jeff Nielson: Goldman Sachs and gold
11:30a ET Sunday, April 25, 2010
Dear Friend of GATA and Gold:
In his latest commentary, Bullion Bulls Canada proprietor Jeff Nielson explains how gold dishoarding by central banks and investment bank-induced gold production hedging by miners were used to support fiat currencies during decades of high inflation. Nielson's commentary is headlined "Goldman Sachs and Gold" and you can find it at Bullion Bulls Canada here:
http://www.bullionbullscanada.com/index.php?option=com_content&view=arti...
Or try this abbreviated link:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Private Placement Offering for Silver Phoenix Resources Inc.
Each flow-through unit consists of one common share in the capital of the corporation (a "flow-through share") and half of one non-flow-through common share purchase warrant (a "warrant"). Each whole warrant shall entitle the holder to acquire one non-flow-through common share in the capital of the corporation (a "warrant share") until 5 p.m. Vancouver time on the date 24 months following the closing date (as defined herein) at a price of $0.70.
The proceeds raised from the offering will be used for general exploration and to drill the 100-percent-owned River Jordan Property. This historic property hosts the King Fissure [aka River Jordan] lead, zinc, and silver deposit.
Following a comprehensive field program in 1991, a structural re-interpretation of the complex folds hosting the King fissure deposit resulted in a major increase in potential mineralization to 20 million tonnes of 7.5 percent lead, 7.5 percent zinc, and 100 g/t silver [Laird and Clark, 1991]. The estimated tonnage of the light rare earth and niobium-bearing extrusive carbonatite unit is on the order of 33,750,000 tonnes, with no ore grade currently established. This historical estimate predates National Instrument 43-101 legislation.
Interested parties can contact:
William J. Murray, President and CEO
Silver Phoenix Resources Inc.
Box 134 / 4631 75th Ave. NE
Canoe, British Columbia, V0E 1K0 Canada
250-832-0336
bmurray@sunwave.net
www.silverphoenixresources.com
For more information about the River Jordan Property, please visit:
http://public.iwork.com/document/?a=p1047687515&d=River_Jordan_Property.key
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