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J.S. Kim: Silver probe should extend to gold and silver ETFs
7p ET Tuesday, November 2, 2010
Dear Friend of GATA and Gold (and Silver):
J.S. Kim, managing director and founder of the SmartKnowledgeU investment consulting and research firm, takes note of the growing concerns about manipulation of the silver market and is prompted to ask the U.S. Securities and Exchange Commission to investigate the likely fraud in the major gold and silver exchange-traded funds. Kim's commentary is headlined "Can We Leverage Silver Manipulation Revelations to Get the SEC's Mary Shapiro to Investigate the Likely Fraudulent SLV and GLD ETFs?" and you can find it at the Underground Investor here:
http://www.theundergroundinvestor.com/2010/10/now-that-the-cftc-has-decl...
Or try this abbreviated link:
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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