More QE even as the dollar is acting weak?

Section:

4:05p ET Saturday, March 19, 2011

Dear Friend of GATA and Gold (and Silver):

In the weekly precious metals market review at King World News, Bill Haynes of CMI Gold and Silver speculates that the earthquake, tsunami, and nuclear plant disaster in Japan will provide a rationale for more "quantitative easing" by the Federal Reserve, and futures trader Dan Norcini remarks that the U.S. dollar has remained weak despite the international turmoil. The review is 20 minutes long and you can listen to it at King World News here:

http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2011/3/19_K...

Also at King World News, audio of this week's interview with resource company broker Rick Rule has been posted here:

http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2011/3/19_R...

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



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Prophecy Resource Spins Off Platinum/Palladium Venture:
World-Class PGM Deposit in Yukon

Company Press Release, January 18, 2011

VANCOUVER, British Columbia -- Prophecy Resource Corp. (TSX-V:PCY)and Pacific Coast Nickel Corp. announce that they have agreed that PCNC will acquire Prophecy's Nickel PGM projects by issuing common shares to Prophecy.

PCNC will acquire the Wellgreen PGM Ni-Cu and Lynn Lake nickel projects in the Yukon Territory and Manitoba respectively by issuing up to 550 million common shares of PCNC to Prophecy. PCNC has 55.7 million shares outstanding.

Following the transaction:

-- Prophecy will own approximately 90 percent of PCNC.

-- PCNC will consolidate its share capital on a 10 old for one new basis.

-- Prophecy will change its name to Prophecy Coal Corp. and PCNC will be renamed Prophecy Platinum Corp.

-- Prophecy intends to distribute half of its PCNC shares to shareholders pro-rata in accordance with their holdings.

Based on the closing price of the common shares of PCNC on January 17, $0.195 per share, the gross value of the transaction is $107,250,000.

For the complete announcement, please visit:

http://prophecyresource.com/news_2011_jan18.php