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Compelling, comprehensive interview with Jim Rickards at King World News
10:21a ET Saturday, September 4, 2010
Dear Friend of GATA and Gold:
You're not likely to get more compelling, comprehensive, and relevant on Planet Earth for a while than Jim Rickards' interview yesterday with Eric King of King World News. Rickards, senior managing director for market intelligence for research firm Omnis, remarks among other things that:
-- Pervasive government intervention has destroyed the price-discovery function of markets.
-- The stock market provides no useful information anyway because most of the trading is done by computer programs, not real investors.
-- An easy and straightforward mechanism is available to the U.S. government for devaluing the dollar, averting deflation, and "scaring" people into spending money, and that it is the government's buying and selling of gold to target the dollar's value just as the government targets interest rates by buying and selling bonds.
There is so much more to this interview, and still more to come, because it is only the first of two parts to be presented at King World News. You can find the first part here:
http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2010/9/4_Ji...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Sona Resources Expects Positive Cash Flow from Blackdome,
Plans Aggressive Exploration of Elizabeth Gold Property
On May 18, 2010, Sona Resources Corp. (TSXV: SYS, Frankfurt: QS7) announced the release of a preliminary economic assessment for gold production at its flagship Blackdome and Elizabeth properties in British Columbia.
Sona Executive Chairman Nick Ferris says: "We view this as a baseline scenario for gold production. The project is highly sensitive to the price of gold. A conservative valuation of gold at $1,093 per ounce would result in a pre-tax cash flow of $54 million. The assessment indicates that underground mining at the two sites would recover 183,600 ounces of gold and 62,500 ounces of silver. Permitting and infrastructure are already in place for processing ore at the Blackdome mill, with a 200-tonne per day throughput over an eight-year mine life. Our near-term goal is to continue aggressive exploration at Elizabeth and develop a million-plus-ounce gold resource, commencing production in 2013."
For complete information on Sona Resources Corp. please visit: www.SonaResources.com
Join GATA here:
Toronto Resource Investment Conference
Saturday-Sunday, September 25-26, 2010
Metro Toronto Convention Center, Toronto, Ontario, Canada
http://www.cambridgeconferences.com/index.php/toronto-resource-investmen...
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Thursday-Friday, October 21-22, 2010
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Wednesday-Saturday, October 27-30, 2010
Hilton New Orleans Riverside Hotel
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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
