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Ned Naylor-Leyland: CFTC lets Morgan get away with rigging silver market
11:55p ET Tuesday, October 4, 2011
Dear Friend of GATA and Gold (and Silver):
Ned Naylor-Leyland, investment director for Cheviot Asset Management in London, who spoke at GATA's Gold Rush 2011 conference there in August, complains in a new Cheviot investment letter about JPMorganChase's manipulation of the silver market and the U.S. Commodity Futures Trading Commission's continuing facilitation of that manipulation. Naylor-Leyland's commentary is headlined "Silver, Gorillas, Madoff, and Financial Regulators -- Will They Ever Learn?" and you can find it at Scribd here:
http://www.scribd.com/doc/67350783/Silver-Gorillas-CFTC-Etc-1
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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The Silver Summit
Thursday-Friday, October 20-21, 2011
Davenport Hotel, Spokane, Washington
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Wednesday-Saturday, October 26-29, 2011
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Golden Phoenix Signs Definitive Agreement to Acquire and Reopen Santa Rosa Gold Mine in Panama
Company Press Release
Monday, September 19, 2011
SPARKS, Nevada -- Golden Phoenix Minerals Inc. (OTC Bulletin Board: GPXM) has signed a definitive agreement to acquire a 60 percent interest, with an option to buy an additional 20 percent interest, in the Santa Rosa gold mine in Panama, now owned by Silver Global S.A., a Panamanian corporation.
Santa Rosa produced more than 100,000 ounces of gold from 1996 to 1998 before being closed in part to low gold prices, which are now more than five times higher.
Golden Phoenix intends to acquire its initial 60 percent interest in Santa Rosa by acquiring 60 percent of the share capital of a recently created company under the name Golden Phoenix Panama S.A., formed to hold and operate the mine.
Tom Klein, CEO of Golden Phoenix says: "The agreement establishes a solid framework from which we can advance Mina Santa Rosa to production-ready status."
For Golden Phoenix's complete statement, please visit:
http://goldenphoenix.us/press-release/golden-phoenix-signs-definitive-ac...
