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James Turk: Hyperinflation likelihood is increasing
9p ET Tuesday, June 15, 2010
Dear Friend of GATA and Gold:
The gap between U.S. government spending and tax revenue remains large, Freemarket Gold & Money Report editor James Turk writes tonight, and is being filled with ever more borrowing, increasing the chance of hyperinflation in the dollar. Turk's commentary is headlined "Hyperinflation Watch" and you can find it at the FGMR Internet site here:
http://www.fgmr.com/no-improvement-in-the-hyperinflationary-outlook.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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