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Zero Hedge follows admission to CFTC that London gold market is unbacked paper

Section: Daily Dispatches

3:49p ET Sunday, March 28, 2010

Dear Friend of GATA and Gold (and Silver):

Zero Hedge has given wonderful treatment to GATA board member Adrian Douglas' analysis of the admission to the U.S. Commodity Futures Trading Commission by gold market expert Jeffrey Christian that the so-called physical gold market in London is instead mostly unbacked paper. Zero Hedge's treatment includes video of Douglas' statement to the CFTC and is headlined "Former Goldman Commodities Research Analyst Confirms LMBA OTC Gold Market Is 'Paper Gold' Ponzi" and you can find it here:

Or try this abbreviated link:

Zero Hedge also has taken note of Friday's attack on CFTC whistleblower Andrew Maquire with an entry headlined "You Don't Mess with the LBMA -- Assassination Attempt On Silver Market Manipulation Whistleblower?," which you can find here:

Or try this abbreviated link:

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


Prophecy Resource Corp. Appoints Rob McEwen to Advisory Board

Prophecy Resource Corp. (TSX.V: PCY, OTC: PCYRF) is pleased to announce the appointment of Rob McEwen to the company's Advisory Board. McEwen is a leading Canadian mining industry entrepreneur. He is the chairman and CEO of U.S. Gold Corp. and Minera Andes Inc. McEwen was the founder and former chairman and CEO of Goldcorp Inc., whose Red Lake Mine in northwestern Ontario, Canada, is considered to be the richest gold mine in the world. During his tenure at Goldcorp, McEwen transformed the company from a collection of small companies into a mining powerhouse, growing its market capitalization from $50 million to approximately $8 billion.

For Prophecy Resource Corp.'s complete statement:

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