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John Embry: Gold, silver could go ballistic by year-end

Section: Daily Dispatches

9:24a ET Sunday, December 19, 2010

Dear Friend of GATA and Gold (and Silver):

In new commentary for Investor's Digest of Canada, Sprott Asset Management Chief Investment Strategist John Embry talks back to U.S. Treasury Secretary Tim Geithner and Warren Buffett's business partner, Charles Munger, and predicts that precious metals will surge shortly. Embry's commentary is headlined "Gold, Silver Could Go Ballistic By Year-End" and you can find it at the Sprott Internet site here:

http://www.sprott.com/Docs/InvestorsDigest/2010/MPLID_112610_pg401Emb.pdf

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.



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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