Submitted by cpowell on Sat, 2010-05-15 01:50.

9:50p ET Friday, May 14, 2010

Dear Friend of GATA and Gold (and Silver):

Within a half hour of each other today the leading business television networks in North America reported doubts that gold exchange-traded funds either have the gold they claim to have or can get enough real gold to meet likely demand.

The first doubt was expressed on CNBC in the United States, where market analyst Rick Santelli comments at 5:30 into this segment:

http://www.cnbc.com/id/15840232?video=1494145732&play=1

The second doubt was expressed on BNN in Canada, where reporter Niall McGee commented at length:

http://watch.bnn.ca/#clip302139

There seems to be growing consensus in favor of what GATA long has been urging gold and silver investors to do: to take possession of their metal or make certain that any custodian has got it in allocated and audited form, especially since the custodians of the largest gold and silver ETFs are also the biggest gold and silver shorts, a grotesque and unacknowledged conflict of interest:

http://www.gata.org/node/8600

CHRIS POWELL, Secretary/Treasurer

Gold Anti-Trust Action Committee Inc.



ADVERTISEMENT Prophecy to Become Coal Producer This Year

with 1.5 Billion Tonnes of Resource



Prophecy Resource Corp. (TSX.V: PCY) announced on May 11 that it has entered into a mine services agreement with Leighton Asia Ltd. to begin coal production this year. Production will begin with a 250,000-tonne starter pit as planned in August, with production advancing to 2 million tonnes per year in 2011. Prophecy is fully funded to production and its management team includes John Morganti, Arnold Armstrong, and Rob McEwen.

For Prophecy's complete press release about its production plans, please visit:

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World Resource Investment Conference

Sunday and Monday, June 6 and 7, 2010

Vancouver Convention Centre

Vancouver, British Columbia, Canada

http://www.cambridgehouse.ca/index.php/world-resource-investment-confere...

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Support GATA by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

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

http://gata.org/node/wallstreetjournal

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

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Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

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To contribute to GATA, please visit:



http://www.gata.org/node/16



ADVERTISEMENT Coming Friday-Sunday, June 11-13, at the Dallas-Fort Worth Airport Marriot:

The Anglo Far-East Bullion Co.'s Gold and Silver Conference



The conference will explore the dangers and opportunities in today's bullion markets and the need for investors to diversify bullion holdings outside of bullion banking and commodities markets. Speakers will include David Morgan of Silver-Investor.com, Gold Anti-Trust Action Committee Chairman Bill Murphy, and Duncan Cameron and Philip Judge of Anglo Far-East Bullion Co. The earliest conference attendees on Saturday will be able to schedule one-on-one interviews for personal consultation with Anglo-Far East's experts on Sunday.

To learn more about and register for the Anglo Far-East Bullion conference, please visit:

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