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Ian Gordon: Lies, manipulation, and deception -- all for naught
5:23p ET Wednesday, August 18, 2010
Dear Friend of GATA and Gold:
With his newsletter this week, Ian Gordon of the Longwave Group (www.longwavegroup.com) concludes that surreptitious U.S. government intervention and manipulation have become pervasive in the stock market, economic data, and the price of gold and are making things so much worse than would have been the case if the markets had been allowed to purge their excesses naturally.
Gordon writes: "Nothing is real and honest in the U.S. economy and financial system; it is a chimera, built upon lies and manipulation conjured by the ruling elite." He credits GATA's work exposing the manipulation of the gold market.
Gordon's commentary is headlined "Lies, Manipulation, and Deception -- All for Naught" and he has kindly allowed GATA to share it with you here:
http://www.gata.org/files/IanGordonsInsights-08-16-2010.pdf
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Sona Resources Expects Positive Cash Flow from Blackdome,
Plans Aggressive Exploration of Elizabeth Gold Property
On May 18, 2010, Sona Resources Corp. (TSXV: SYS, Frankfurt: QS7) announced the release of a preliminary economic assessment for gold production at its flagship Blackdome and Elizabeth properties in British Columbia.
Sona Executive Chairman Nick Ferris says: "We view this as a baseline scenario for gold production. The project is highly sensitive to the price of gold. A conservative valuation of gold at $1,093 per ounce would result in a pre-tax cash flow of $54 million. The assessment indicates that underground mining at the two sites would recover 183,600 ounces of gold and 62,500 ounces of silver. Permitting and infrastructure are already in place for processing ore at the Blackdome mill, with a 200-tonne per day throughput over an eight-year mine life. Our near-term goal is to continue aggressive exploration at Elizabeth and develop a million-plus-ounce gold resource, commencing production in 2013."
For complete information on Sona Resources Corp. please visit: www.SonaResources.com
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Saturday-Sunday, September 25-26, 2010
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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
