Well, we keep getting conflicting information. PQ and Rich have indicated that the mill will be up sooner than October and that all the permiting requirements are being taken care of as of last week...as verbally assured to large, credible shareholders that spoke with PQ. If that is not the case, and Pierre knows that, why does he continue to paint the sky blue? We shall soon know what the actual progress is...and I am not doubting Idaho either. For Heavens sakes, can't our best, biggest and most concienscious shareholders be honestly communicated with?

As we await the filing news, many assume that the other initiatives are under way. There is always constant confusion. For instance, we have been left with the impression by PQ (unofficially) via Rich that the mill construction process could proceed simultaneously to the permiting process being vetted. Some say that is not possible and that the permits must be in place before anything happens. We are told that the prefab metal buliding for the mill has been ordered some weeks ago, but has it been shipped and paid for? If so, when is the ETA? When will the slab be poured, diesel electric generator be installed, well dug, etc? When will the mill machinary, conveyer belts, etc. be moved up to the new mill site? ...just a few questions that come to mind on a wet Saturday.

No doubt that it will all be done in time. I believe that we will all have to wait for the overmarkets to move before we can count on real action from our JPMs...even though the XAU is up 18% for the year. On that note and on the macro level, here is the latest on all the manipulation taking place...which some here probably already have seen:

"Dear Friend of GATA and Gold:

A very secretive investment firm, Precision Capital Management LLC (http://www.precisioncapmgt.com/) -- not to be confused with Precision Capital in New York City -- this month published a wonderful report, "A Grand Unified Theory of Market Manipulation."

While the firm declines to identify its personnel and even its location and its chief executive uses a pseudonym (Bob English), the report is immensely valuable for specifying the mechanisms, opportunities, and motives for the U.S. Federal Reserve and Treasury Department to be intervening pervasively in the markets, including the gold market, either surreptitiously or in ways not likely to be noticed or fully understood.

The report concedes that it is largely speculative. But with infinite money now being created by the government and disbursed secretly as the rankest patronage, and with the Federal Reserve again this month denying GATA access to its records involving the U.S. gold reserve, citing an exemption in the federal freedom-of-information law for "trade secrets and commercial or financial information obtained from a person," what the Fed calls "confidential commercial information," anyone who denies or scoffs at the possibility of market manipulation is probably part of it.

You can find the Precision Capital report here:

http://www.gata.org/files/PrecisionCapitalMarketManipulation-08-02-2009.pdf

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Not only should Americans be outraged by all this...so too should be the whole world.