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If you're abusive you're not helping GATA

Section: Daily Dispatches

4p ET Friday, April 30, 2010

Dear Friend of GATA and Gold (and Silver):

In his financial letter for May 1 ( Marc Faber writes:

"Most of my readers are very fine people and send me informative emails from which I have learned a lot. To these people I am very grateful. However, you should also see some of the abusive emails I receive, maybe not even from subscribers of this report but from people who listen to interviews of mine. I have been accused of being a socialist, a racist, an anti-Semite, and a precious metals traitor because I do not openly support GATA, which maintains that the gold and silver market are manipulated. I also insulted the war veterans, and I have been told that I only have the interest of my rich friends and clients in mind and that I do not look after small investors' needs. And for years I heard from various people that I was a complete idiot for recommending the accumulation of gold, 'because it would tumble to $200 an ounce.' I read all incoming emails and answer most of them (emails that land in my spam box are occasionally overlooked) because they provide me with some insights about how investors feel and how they might be positioned. My sense is that currently investors are very restless, impatient, intolerant, full of prejudices, and that the public in general is badly frustrated. For the U.S. and European population at large the frustration may have to do with increasing wealth and income inequality and stagnating or declining median real incomes."

GATA has never commented on Faber particular and has never urged people to contact him, and its impossible to tell from his comment whether those who mentioned GATA in contacting him abusively had any more to do with GATA than with his own subscriber list. GATA is not responsible for everyone who mentions our organization. But those who would support us should know that they do us no favors by being abusive to anyone. As Faber suggests, this abuse may satisfy personal frustrations but it's not persuasive.

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:

Support GATA by purchasing a colorful GATA T-shirt:

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

Or a video disc of GATA's 2005 Gold Rush 21 conference in the Yukon:

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