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Haynes, Norcini, Arensberg review precious metals' week at KWN
10:23a ET Saturday, November 6, 2010
Dear Friend of GATA and Gold (and Silver):
The weekly precious metals wrapup program at King World News has CMI Gold & Silver's Bill Haynes reporting that retail buying in the precious metals has not picked up; JSMineSet's Dan Norcini remarking that chart references from many years ago are really not relevant to gold and silver anymore; and the Got Gold Report's Gene Arensberg reporting that the large commercial traders in gold and silver are not increasing their short positions, indicating that they as yet have no confidence in lower prices. You can listen to the interviews at the King World News Internet site here:
http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2010/11/6_K...
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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