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Precious metals weekly wrapup at King World News
11:30a Saturday, October 23, 2010
Dear Friend of GATA and Gold (and Silver)
The weekly precious metals market wrapup at King World News finds Bill Haynes, proprietor of CMI Gold & Silver, reporting that retail buying is down, which he finds bullish; Dan Norcini of JSMineSet.com providing technical chart analysis; and the Got Gold Report's Gene Arensberg commenting that the big commercial shorts may be covering rather than adding to their short positions. The program is about 20 minutes long and you can listen to it here:
http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2010/10/23_...
Or try this abbreviated link:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Prophecy Resource Goes Into Production
at Ulaan Ovoo Coal Mine in Mongolia
A commission appointed by Mongolia's Ministry of Mineral Resources and Energy has conducted the final permit inspection at Prophecy Resource Corp.'s Ulaan Ovoo mine site and has instructed the company to begin coal production. Prophecy Resource (TSX.V: PCY) has begun production of its first 10,000 tonnes of coal as a trial run of supply to be taken by rail to electric power stations in Darkhan and Erdenet, Mongolia's second and third largest cities after the capital, Ulaanbaatar. The company is the second-ever Canadian mining company to get a permit to mine in Mongolia and start production there.
For the company's complete announcement, please visit:
http://www.prophecyresource.com/news_2010_oct14.php
Join GATA here:
New Orleans Investment Conference
Wednesday-Saturday, October 27-30, 2010
Hilton New Orleans Riverside Hotel
http://www.neworleansconference.com/redirect.php?page=index.html&source_...
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