Hinde Capital's Ben Davies takes gold price suppression show on the road


8:40a ET Thursday, September 9, 2010

Dear Friend of GATA and Gold:

Ben Davies, CEO of Hinde Capital in London, has taken his gold price suppression show on the road, a road that will lead him to New York for the October 21 dinner conference of the Committee for Monetary Research and Education.

On Tuesday Davies made an extensive presentation about gold price suppression at "Gold Day" at the Mining Journal's investor seminar in London. (See http://www.mining-journal.com/investor/gold-day-09-10.) An investment manager who attended Davies' presentation wrote about it the next day to an American friend, who shared the comment with GATA: "Ben Davies made some very powerful points in his speech yesterday in London. It could be considered quite controversial and thought-provoking. However, I would suggest that it was met with a reaction of apathy, slight incredulity, and raised eyebrows (like Roger Moore -- very British). I am certain he will get a very positive response in New York because the audience will understand and agree with his message."

That comment matches GATA's experience with most of the precious metal mining industry and the financial industry and indicates how much more work remains to be done.

Exclusively for King World News, Davies has written a preface to his presentation, a short essay that can be found here:


Davies' presentation itself pays tribune to the late gold banker Ferdinand Lips and cites GATA and our longtime supporter Sprott Asset Management in Toronto. The presentation can be found at the Hinde Capital Internet site here:


Information about the October 21 dinner conference of the Committee for Monetary Research and Education at which Davies will speak can be found at GATA's Internet site here:


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

A Canadian gold opportunity ready for growth

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

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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: