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Physical market repels precious metals price suppression, Davies tells King

Section: Daily Dispatches

8a ET Tuesday, January 11, 2011

Dear Friend of GATA and Gold:

Hinde Capital CEO Ben Davies tells Eric King of King World News that the physical market once again is repelling attempts in the futures markets to push the precious metals down. Excerpts from the interview are headlined "Specs Flushed, We Have Been Accumulating Gold" and you can find it at the King World News Internet site's blog here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/1/11_Be...

Or try this abbreviated link:

http://tinyurl.com/4dwha5f

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



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Sunday-Monday, January 23-24, 2011

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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