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More fantastic money creation, then gold backing, Rickards tells King World News
10:05p ET Monday, June 14, 2010
Dear Friend of GATA and Gold:
"Market analyst" is beginning to seem too pedestrian a description for James G. Rickards, senior managing director for market intelligence at the Virginia research firm Omnis, who today is back for another interview with Eric King at King World News. Maybe "planetary observer" will do for this one, in which Rickards foresees more fantastic money creation by central banks and then the International Monetary Fund via Special Drawing Rights before market conditions force the imposition of some sort of gold backing for currencies. You can find the interview at King World News here:
http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2010/6/14_J...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Prophecy to Become Coal Producer This Year
with 1.5 Billion Tonnes of Resource
Prophecy Resource Corp. (TSX.V: PCY) announced on May 11 that it has entered into a mine services agreement with Leighton Asia Ltd. to begin coal production this year. Production will begin with a 250,000-tonne starter pit as planned in August, with production advancing to 2 million tonnes per year in 2011. Prophecy is fully funded to production and its management team includes John Morganti, Arnold Armstrong, and Rob McEwen.
For Prophecy's complete press release about its production plans, please visit:
http://www.prophecyresource.com/news_2010_may11.php
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