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Commercial signal failure in metals likely imminent, Embry tells King World News

Section: Daily Dispatches

10a CT Tuesday, October 26, 2010

Dear Friend of GATA and Gold (and Silver):

Sprott Asset Management Chief Investment Strategist John Embry tells Eric King of King World News that the long-awaited commercial signal failure in the gold and silver markets may be imminent. Excerpts from the interview can be found at King World News here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2010/10/25_J...

Or try this abbreviated link:

http://tinyurl.com/2bcqvdq

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



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A commission appointed by Mongolia's Ministry of Mineral Resources and Energy has conducted the final permit inspection at Prophecy Resource Corp.'s Ulaan Ovoo mine site and has instructed the company to begin coal production. Prophecy Resource (TSX.V: PCY) has begun production of its first 10,000 tonnes of coal as a trial run of supply to be taken by rail to electric power stations in Darkhan and Erdenet, Mongolia's second and third largest cities after the capital, Ulaanbaatar. The company is the second-ever Canadian mining company to get a permit to mine in Mongolia and start production there.

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