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Peter Grandich: The farce and the fact
10:35a ET Wednesday, June 23, 2010
Dear Friend of GATA and Gold:
Market analyst Peter Grandich today reminds his readers that tomorrow is June options expiry for gold and that the day's futures price plunge is just the "regular thievery" that takes place every month but has no lasting effect. Grandich's commentary is headlined "The Farce and the Fact" and you can find it here:
http://www.grandich.com/2010/06/the-farce-and-the-fact/
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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