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How about $10,000 gold and $50 silver?
4:23p ET Monday, November 1, 2010
Dear Friend of GATA and Gold (and Silver):
If you want to amuse yourself with price predictions today, The Wall Street Journal interviews a fund manager for the Teacher Retirement System of Texas who anticipates gold at $10,000:
http://online.wsj.com/article/SB1000142405270230487960457558260223350119...
Meanwhile over at King World News, Eric King hears that Asian investors aim to squeeze the shorts in the silver market, goosing the price to the $50 or so recently predicted for the short term by Eric Sprott of Sprott Asset Management. You can find that speculation here:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2010/11/1_KW...
Or try this abbreviated link:
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:
http://www.prophecyresource.com/news_2010_may11.php
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http://gata.org/node/wallstreetjournal
Or a video disc of GATA's 2005 Gold Rush 21 conference in the Yukon:
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