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James Turk: A signal from the stock market
10:30p ET Monday, June 14, 2010
Dear Friend of GATA and Gold:
Economic conditions are not improving, Freemarket Gold & Money Report publisher James Turk writes, and the U.S. stock market now is largely a function instead of Federal Reserve money creation. That creation having stalled, Turk writes, the market is faltering, so he expects a lot more debt monetization soon. Turk is founder of GoldMoney and a consultant to GATA and his new commentary is headlined "A Signal from the Stock Market." You can find it at the FGMR Internet site here:
http://www.fgmr.com/signal-from-the-stock-market.html
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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