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Central banks have rigged gold for decades, Rickards tells interviewer
1p ET Sunday, December 12, 2010
Dear Friend of GATA and Gold (and Silver):
Western central banks have been surreptitiously manipulating the gold market for 60 years, market analyst James G. Rickards tells the German journalist Lars Schall in a wide-ranging interview published at ChaosTheorien today.
Central banks, Rickards tells Schall, "like to say that they don't have gold activities and denigrate the role of gold in international financial transactions. But in fact they are active. ... When you try to manipulate the market, the more secrecy the better."
Schall's interview with Rickards also covers the international currency war between the dollar and euro blocs and China and emphasizes the risk to Germany in continuing to keep the bulk of its gold reserves in the United States.
The interview is headlined "The Central Banks Don't Consider It Manipulation; They Consider It Part of Their Job" and you can find it at ChaosTheorien here:
http://www.chaostheorien.de/artikel?p_p_id=101_INSTANCE_haR1&p_p_lifecyc...
Or try this abbreviated link:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Opportunity in the gold coin market
Swiss America Trading Corp. alerts GATA supporters to an opportunistic area of the gold coin market. While the gold bullion market has been quite volatile lately and as of November 29 gold has risen only $7 per ounce over the last month, the MS64 $20 gold St. Gaudens coin has risen about 10 percent in the same time. The ratio between the price of these coins and the price of gold is rising. If you'd like to learn more about the ratio and $20 gold coins, Swiss America can e-mail you a three-year study of it as well as other information.
Swiss America also can provide a limited number of free copies of "Crashing the Dollar," a book written by Swiss America's president, Craig Smith.
For information about the ratio between the $20 gold pieces and the gold price and for a free copy of "Crashing The Dollar," please call Swiss America's Tim Murphy at 1-800-289-2646 X1041 or Fred Goldstein at X1033. Or e-mail them at trmurphy@swissamerica.com and figoldstein@swissamerica.com.
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Sunday-Monday, January 23-24, 2011
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Prophecy Drills 71.17 Metres of 0.52 percent NiEq
(0.310 percent Nickel 0.466 g/t PGMs +Au and 0.223 percent copper)
from surface at Wellgreen Project in the Yukon
Prophecy Resource Corp. (TSX-V: PCY) reports that it has received additional assays results from its 100-percent-owned Wellgreen PGM Ni-Cu property in the Yukon, Canada. Diamond drill holes WS10-179 to WS10-182 were drilled during the summer of 2010 by Northern Platinum (which merged with Prophecy on September 23, 2010). WS10-183 was drilled by Prophecy in October 2010. Highlights from the newly received assays include 71.17 metres from surface of 0.52 percent NiEq (0.310 percent nickel, 0.466 g/t PGMs + Au, and 0.233 percent copper) and ended in mineralization. For more drill highlights, please visit:
http://prophecyresource.com/news_2010_nov29.php
