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James Turk: Gold's rise against major currencies is accelerating
11:57a ET Saturday, June 19, 2010
Dear Friend of GATA and Gold:
GoldMoney founder James Turk, a consultant to GATA, reports today that gold's price rise against major currencies is accelerating. He concludes: "As the sovereign debt crisis deepens and the debasement of national currencies at the hands of central bankers and politicians becomes increasingly recognized, more and more people are starting to understand the true nature of gold. It is not only money, but a better money than any national currency."
Turk's commentary is accompanied by some good charts, is headlined "Gold Sets Another Record," and can be found at the GoldMoney Internet site here:
http://goldmoney.com/gold-sets-another-record.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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