New monetary system may use gold at much higher price, Tocqueville's Hathaway says


10:30a ET Sunday, June 20, 2010

Dear Friend of GATA and Gold (and Silver):

Interviewed last week by Eric King of King World News, Tocqueville gold fund manager John Hathaway said that he sees little excitement about gold's rise, that he expects "extraordinary" action in gold mining shares, that the current monetary system is coming to an end and that the next one is likely to incorporate gold at a much higher valuation, and that many gold mining company acquisitions seem to be in the works.

Hathaway's fund has gained more than 70 percent over the last year, vastly outpacing the XAU and HUI gold indexes:

You can find the Hathaway interview at the King World News Internet site 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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