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Hedge funds short miners will get 'roasted,' Hathaway tells KWN

Section: Daily Dispatches

11:10a ET Wednesday, April 6, 2011

Dear Friend of GATA and Gold:

Tocqueville Gold Fund manager John Hathaway tells King World News that the breadth of yesterday's rally in gold and mining shares was very encouraging, and he predicts that hedge funds short mining stocks will get "roasted." An excerpt from the interview is headlined "Hedge Funds Short Miners Are Going to Get Roasted" and you can find it at King World News here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/4/6_Hat...

Or try this abbreviated link:

http://tinyurl.com/3k7qaxx

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



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An Evening with Bill Murphy and James Turk
Sponsored by Deutsche Edelmetall-Gesellschaft
Friday, April 29, 2011
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http://www.goldmoney.com/munich-2011-april-29.html

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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