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At King World News, Turk and Embry prepare for metal's big move

Section: Daily Dispatches

7:36p ET Wednesday, March 23, 2011

Dear Friend of GATA and Gold (and Silver):

Eric King of King World News tonight cranks up the wattage for Radio Free Markets, interviewing GoldMoney founder James Turk and Sprott Asset Management's chief investment strategist, John Embry, about what may prove to be the big gold and silver breakouts.

Turk notes that silver remains in backwardation despite its rising price. Embry sees $40 silver and $1,500 gold soon and remarks that big things will happen as the bullion banks discover that paper contracts for imaginary metal no longer satisfy investors.

An excerpt of the interview with Turk is headlined "Silver Backwardation Near All-Time Record" and you can find it at the King World News blog here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/3/23_Ja...

An excerpt of the interview with Embry is headlined "Breakaway Move Coming in Gold, Oil $150 to $200" and you can find it here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/3/23_Em...

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



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The Gold Standard Now: It Can Work

Today a dollar is worth 80 percent less than it was 40 years ago, and less than 5 percent of its value a hundred years ago. We deserve a dollar that is as good as gold, a dollar that will hold its value from year to year so we can be financially secure and our economy can generate more and better jobs.

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An Evening with Bill Murphy and James Turk
Sponsored by Deutsche Edelmetall-Gesellschaft
Friday, April 29, 2011
Hofbrauhaus, Munich, Germany

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Sona Drills 85.4g Gold/Ton Over 4 Metres at Elizabeth Gold Deposit, Extending the Mineralization of the Southwest Vein on the Property

Company Press Release, October 27, 2010

VANCOUVER, British Columbia -- Sona Resources Corp. reports on five drillling holes in the third round of assay results from the recently completed drill program at its 100 percent-owned Elizabeth Gold Deposit Property in the Lillooet Mining District of southern British Columbia. Highlights from the diamond drilling include:

-- Hole E10-66 intersected 17.4g gold/ton over 1.54 metres.

-- Hole E10-67 intersected 96.4g gold/ton over 2.5 metres, including one assay interval of 383g of gold/ton over 0.5 metres.

-- Hole E10-69 intersected 85.4g gold/ton over 4.03 metres, including one assay interval of 230g gold/ton over 1 metre.

Four drill holes, E10-66 to E10-69, targeted the southwestern end of the Southwest Vein, and three of the holes have expanded the mineralized zone in that direction. The Southwest Vein gold mineralization has now been intersected over a strike length of 325 metres, with the deepest hole drilled less than 200 metres from surface.

"The assay results from the Southwest Zone quartz vein continue to be extremely positive," says John P. Thompson, Sona's president and CEO. "We are expanding the Southwest Vein, and this high-grade gold mineralization remains wide open down dip and along strike to the southwest."

For the company's full press release, please visit:

http://sonaresources.com/_resources/news/SONA_NR19_2010.pdf