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Gold was slapped down to avoid embarrassing Fed, Sinclair tells KWN
5:21p ET Wednesday, November 3, 2010
Dear Friend of GATA and Gold:
Gold entrepreneur Jim Sinclair tells King World News that the gold market was slapped down today so as not to embarrass the Federal Reserve during the introduction of its latest round of "quantitative easing." But, Sinclair adds, gold likely bottomed today. Excerpts from the interview are posted at the King World News Internet site here:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2010/11/3_Ji...
Or try this abbreviated link:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Prophecy to Become Coal Producer This Year
with 1.5 Billion Tonnes of Resource
Prophecy Resource Corp. (TSX.V: PCY) announced on May 11 that it has entered into a mine services agreement with Leighton Asia Ltd. to begin coal production this year. Production will begin with a 250,000-tonne starter pit as planned in August, with production advancing to 2 million tonnes per year in 2011. Prophecy is fully funded to production and its management team includes John Morganti, Arnold Armstrong, and Rob McEwen.
For Prophecy's complete press release about its production plans, please visit:
http://www.prophecyresource.com/news_2010_may11.php
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