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Silver smashdown costing shorts a lot of metal, KWN's London trader says
12:15a ET Wednesday, March 7, 2012
Dear Friend of GATA and Gold:
The King World News London metals trader reports tonight that, as with gold, silver -- the metal, not the paper -- has been massively accumulated on the latest smashdown in the paper market. He says: "The Chinese are doing the exact same thing in the silver market that they are doing in the gold market -- massive accumulation on dips. ... The local traders in silver are short and nervous. Everyone is short silver and so that market can move violently higher when it turns." The interview is posted at the King World News blog here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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Golden Phoenix Discusses Royalty Mining Growth Strategy
on '21st Century Business' on Fox Business Network
Golden Phoenix Minerals Inc. has discussed its royalty mining growth strategy on the Fox Business Network program "21st Century Business" with host Jackie Bales. Golden Phoenix's director of corporate communications, Robert Ian, told how the company narrows its focus to project generation and future royalty streams. He explained why Golden Phoenix believes it's better to own joint-venture interests in several producing mines instead of full exposure to just one project.
"21st Century Business" has been airing for 15 years. Previous hosts have included Gen. Alexander Haig, Gen.l Norman Schwarzkopf, and Secretary of Defense Caspar Weinberger. Golden Phoenix appeared as paid programming on this broadcast.
To view the program with Golden Phoenix, please visit Golden Phoenix's Internet site here: