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In his latest market letter, Murray Pollitt of Pollitt & Co. in Toronto predicts that eventually people and the markets will figure out that the world's big financial problems are ever-depreciating currency and unpayable debt. When that happens, Pollitt writes, "good stocks are better than bad money." Pollitt's commentary is titled "Deluge" and you can find it at GATA's Internet site here:

CHRIS POWELL, Secretary/Treasurer

Gold Anti-Trust Action Committee Inc.

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Murray Pollitt: Deluge

Submitted by cpowell on Tue, 2011-07-05 16:03. Section: Daily Dispatches

12:03p ET Tuesday, July 5, 2011

Dear Friend of GATA and Gold (and Silver):

In his latest market letter, Murray Pollitt of Pollitt & Co. in Toronto predicts that eventually people and the markets will figure out that the world's big financial problems are ever-depreciating currency and unpayable debt. When that happens, Pollitt writes, "good stocks are better than bad money." Pollitt's commentary is titled "Deluge" and you can find it at GATA's Internet site here:

http://www.gata.org/files/MurrayPollitt-07-05-2011.pdf

CHRIS POWELL, Secretary/Treasurer

Gold Anti-Trust Action Committee Inc.

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Lewis E. Lehrman on How to Solve the U.S. Debt Problem

Lewis E. Lehrman, chairman of the Lehrman Institute, sponsor of The Gold Standard Now project, advises that to reduce the $1 1/2 trillion U.S. deficit, the Republican Party must initiate an investment program.

Working Americans are not saving, which enables the banks to lead the country into a cycle of debt, leverage, boom, panic, and bust.

Lehrman says: "Eliminating the budget deficit of a trillion and a half dollars cannot be done overnight. The proposal by U.S. Rep. Paul Ryan was very dramatic -- one Republican called it radical -- but it was not happily received. The solution, of course, is to design an American program for prosperity, because you can solve these entitlement problems with a growing economy. We need a tremendous program of investment, and investment comes from savings. When you pay savers, middle-income professionals, and working people 0 percent at the bank, you are not going to encourage them to save. Then we are left with a bank cycle of debt, leverage, boom, panic, and bust."

To read more and to sign up for The Gold Standard Now's free, noncommercial, weekly report, "Prosperity through Gold," please visit:

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Gold Rush 2011

GATA's London Conference

Thursday-Saturday, August 4-6, 2011

Savoy Hotel, London, England

Support GATA by purchasing gold and silver commemorative coins:

https://www.amsterdamgold.eu/gata/index.asp?BiD=12

Or by purchasing a colorful GATA T-shirt:

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Sona Drills 85.4g Gold/Ton Over 4 Metres at Elizabeth Gold Deposit,

Extending the Mineralization of the Southwest Vein on the Property

Company Press Release, October 27, 2010

VANCOUVER, British Columbia -- Sona Resources Corp. reports on five drillling holes in the third round of assay results from the recently completed drill program at its 100 percent-owned Elizabeth Gold Deposit Property in the Lillooet Mining District of southern British Columbia. Highlights from the diamond drilling include:

-- Hole E10-66 intersected 17.4g gold/ton over 1.54 metres.

-- Hole E10-67 intersected 96.4g gold/ton over 2.5 metres, including one assay interval of 383g of gold/ton over 0.5 metres.

-- Hole E10-69 intersected 85.4g gold/ton over 4.03 metres, including one assay interval of 230g gold/ton over 1 metre.

Four drill holes, E10-66 to E10-69, targeted the southwestern end of the Southwest Vein, and three of the holes have expanded the mineralized zone in that direction. The Southwest Vein gold mineralization has now been intersected over a strike length of 325 metres, with the deepest hole drilled less than 200 metres from surface.

"The assay results from the Southwest Zone quartz vein continue to be extremely positive," says John P. Thompson, Sona's president and CEO. "We are expanding the Southwest Vein, and this high-grade gold mineralization remains wide open down dip and along strike to the southwest."

For the company's full press release, please visit:

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Join GATA here:

Gold Rush 2011

GATA's London Conference

Thursday-Saturday, August 4-6, 2011

Savoy Hotel, London, England

http://www.gatagoldrush.com

Support GATA by purchasing gold and silver commemorative coins:

https://www.amsterdamgold.eu/gata/index.asp?BiD=12

Or 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:

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

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:

To contribute to GATA, please visit: