U.S. Gold's McEwen expects higher gold and mergers, fears higher taxes


4:40p ET Monday, June 14, 2010

Dear Friend of GATA and Gold:

Interviewed by The Gold Report's Karen Roche, U.S. Gold CEO and Goldcorp founder Rob McEwen predicts so much monetary debasement in the United States as to evoke the hyperinflation of the Weimar Republic. McEwen predicts higher gold prices and more mergers and acquisitions in the gold mining sector, and warns against excess-profits taxes. The interview is headlined "Rob McEwen: Looking Ahead of the Curve" and you can find it at The Gold Report here:


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:


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