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Lawrence Williams: Central banks, investment houses probably rig gold
9:40p ET Tuesday, June 29, 2010
Dear Friend of GATA and Gold:
MineWeb's Lawrence Williams acknowledges at length tonight that the gold market is likely manipulated by a cabal of central banks and investment houses whose access to virtually money facilitates their fleecing ordinary investors over and over again as market regulators look the other way.
Williams asks whether gold market manipulation is all that different from manipulation in other markets. Indeed it is, insofar as it is a matter of largely surreptitious government policy, suitable only for totalitarian and corrupt societies, not for democratic ones.
Williams' commentary is headlined "Gold Price Manipulation -- Probably. Conspiracy -- A Matter of Semantics!" and you can find it at MineWeb here:
http://www.mineweb.com/mineweb/view/mineweb/en/page31?oid=107062&sn=Deta...
Send Williams a tinfoil hat. Cross his name off the Bank of England's Christmas party list but inscribe it in the Book of Gold.
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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Wednesday-Saturday, October 27-30, 2010
Hilton New Orleans Riverside Hotel
http://www.neworleansconference.com/index.html
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