Hinde Capital's Ben Davies makes U.S. speaking debut at CMRE dinner Oct. 21
9:15p ET Friday, August 27, 2010
Dear Friend of GATA and Gold:
Ben Davies, director and CEO of Hinde Capital in London, whose recent appearances on CNBC and reports on gold market manipulation (http://www.gata.org/node/8738), silver market manipulation (http://www.gata.org/node/8938), and the price-suppressive purposes of the major gold and silver exchange-traded funds (http://www.gata.org/node/8913) have caused sensations in the precious metals sector this summer, will make his U.S. speaking debut at the fall dinner meeting of the Committee for Monetary Research and Education on Thursday, October 21, in New York.
Responding modestly to the invitation, Davies remarked, "I have only just arrived in the gold war." Maybe, but "just arrived" like the atomic bomb in August 1945.
Also speaking at the CMRE meeting will be Edwin Vieira Jr., the lawyer, historian, and author of the comprehensive monetary history of the United States, "Pieces of Eight." Vieira is a consultant to GATA and spoke at GATA's conference in Washington in April 2008. His address to that conference can be found here:
Among the other speakers at the CMRE meeting will be:
-- University of Massachusetts Professor Thomas Ferguson, who often writes on politics and economics.
-- Economics Professor Larry White of George Mason University.
-- CMRE Chairman, former Ambassador, former Navy Secretary, Goldwater presidential campaign treasurer, and general Renaissance man J. William Middendorf.
-- Martin Mayer, the author of three dozen books, some of them about banking and finance, a scholar at the Brookings Institution.
-- Walker F. Todd, CMRE director, research fellow for the American Institute for Economic Research, lawyer, author, and former official of the Federal Reserve banks of New York and Cleveland. (No one holds that against him, since he tried really hard to turn things around. He's still trying.)
There will be two speaker program chairmen:
-- CMRE Director Sean Fieler, managing member of Equinox Partners in New York, chairman of the Board of Directors of the American Principles Project (http://americanprinciplesproject.org/,) and chairman of its "Gold Standard 2012" initiative (http://goldstandard2012.com/goldblog/).
-- And your secretary/treasurer.
The dinner at the Union League Club is always outstanding, the facilities are beautiful and fascinating, and the club is just a few blocks south of Grand Central Station, so for people in the New York area it's very easy to get there.
Cocktails will be served at 4:30 p.m. with the proceedings to start at 5:15 p.m.
Admission will be $175 for CMRE members and their spouses, $185 for others.
The full program can be found here:
A reservation form can be found here:
If you've got questions, CMRE President Elizabeth Currier will be glad to answer them and you can reach her at CMRE@BellSouth.net.
I hope to see many of GATA's friends at the CMRE dinner.
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:
Join GATA here:
Toronto Resource Investment Conference
Saturday-Sunday, September 25-26, 2010
Metro Toronto Convention Center, Toronto, Ontario, Canada
The Silver Summit
Thursday-Friday, October 21-22, 2010
Davenport Hotel, Spokane, Washington
New Orleans Investment Conference
Wednesday-Saturday, October 27-30, 2010
Hilton New Orleans Riverside Hotel
* * *
Support GATA by purchasing a colorful GATA T-shirt:
Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:
Or a video disc of GATA's 2005 Gold Rush 21 conference in the Yukon:
* * *
Help keep GATA going
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
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