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Jim Rickards: How the world likely will get back to gold
12:12a ET Tuesday, June 22, 2010
Dear Friend of GATA and Gold:
In an essay posted at King World News, James G. Rickards of Virginia consulting firm Omnis Inc., as good a strategic thinker as inhabits the Western markets, outlines the world's likely return, in rather spastic fashion, to gold-backed currency. Rickards' essay is headlined "What G20 Will Not Discuss This Weekend (But Probably Should) and you can find it at the King World News Internet site here:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2010/6/21_Ji...
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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http://gata.org/node/wallstreetjournal
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