Texas gold buy will encourage other institutions, Hathaway tells Bloomberg TV

Section:

9:30P ET Monday, April 18, 2011

Dear Friend of GATA and Gold:

Interviewed today by Pimm Fox on Bloomberg Television, Tocqueville Gold Fund manager John Hathaway was ambivalent about the necessity for the University of Texas' endowment to take delivery of its gold investment, presumably switching out of the exchange-traded fund GLD into metal in direct possession. But Hathaway was confident that the endowment's gold purchase will legitimize similar purchases by institutions. The interview is not quite eight minutes long and you can watch it here:

http://www.bloomberg.com/video/68805158/

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



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Canuc Resources Pursues Ecuador and Nova Scotia Gold Projects

Canuc Resources Corp. (TSX: CDA) has confirmed high-grade gold and the potential for large-tonnage, low-grade copper and gold mineralization at its primary asset, property in the historic Nambija gold mining district in southeastern Ecuador.

Last November Canuc took an option on the Mill Village gold property in southwestern Nova Scotia, which includes two past-producing mines. Canuc plans to begin surface and underground exploration at Mill Village in the next several weeks, financed by $2 million recently raised through a private placement.

To generate immediate income, Canuc is acquiring MidTex Oil and Gas Co., owner of a producing gas well and a lease on 320 acres in Stephens County, Texas.

Canuc's CEO, Gary Lohman, has more than 30 years of experience in the mining industry, primarily as a geologist, and the company's officers include similarly experienced people.

For more information about Canuc, please visit http://www.canucresources.ca/.



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The Gold Standard Now: It Can Work

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