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Why does NY Fed need all these private meetings with investment bankers?

Section: Daily Dispatches

8:21p ET Friday, December 31, 2010

Dear Friend of GATA and Gold:

Zero Hedge's pseudonymous Tyler Durdan yesterday took a good crack at the many private meetings held with Wall Street investment bankers by the president of the Federal Reserve Bank of New York, William Dudley. Of course the Fed's secrecy and favoritism are primary targets of GATA's work, even as most mainstream financial analysts and gold market analysts have no curiosity about what the Fed might be doing in secret. The Zero Hedge commentary is headlined "Why Does Brian Sack Interact With Goldman's 'FX Committee'?" and you can find it at Zero Hedge here:

http://www.zerohedge.com/article/why-does-brian-sack-interact-goldmans-f...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.



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Prophecy Drills 71.17 Metres of 0.52 percent NiEq
(0.310 percent Nickel 0.466 g/t PGMs +Au and 0.223 percent copper)
from surface at Wellgreen Project in the Yukon

Prophecy Resource Corp. (TSX-V: PCY) reports that it has received additional assays results from its 100-percent-owned Wellgreen PGM Ni-Cu property in the Yukon, Canada. Diamond drill holes WS10-179 to WS10-182 were drilled during the summer of 2010 by Northern Platinum (which merged with Prophecy on September 23, 2010). WS10-183 was drilled by Prophecy in October 2010. Highlights from the newly received assays include 71.17 metres from surface of 0.52 percent NiEq (0.310 percent nickel, 0.466 g/t PGMs + Au, and 0.233 percent copper) and ended in mineralization. For more drill highlights, please visit:

http://prophecyresource.com/news_2010_nov29.php