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Michael Kosares: Misery Index drives gold demand
8:30p ET Monday, October 17, 2011
Dear Friend of GATA and Gold:
Michael Kosares, proprietor of Centennial Precious Metals in Denver, notes tonight that if the inflation figures used by Shadow Government Statistics -- inflation figures calculated in the old way -- are followed, the "Misery Index" under President Obama is 50 percent worse than it was under President Carter. That "Misery Index," Kosares writes, is driving gold demand, and his commentary can be found at USAGold here:
http://www.usagold.com/amk/specialreportoct2011.html
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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...
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