Caledonia Mining Corporation (CMCL)

[NYBob]

Chevy56 thank you - Gold will win the race - Gold Retreats Within Range
as Fed Maintains Illusion of Potential Rate Hike -

Gold remains defensive within the recent range after the Fed alleged
yesterday that a December rate hike was still on the table.

I doubt that anyone really believed the Fed would unequivocally take
December off the table, but nonetheless the market viewed the FOMC
statement as more-hawkish than expected.

When the Fed ultimately does not raise rates in December, they will
imply that lift-off might be appropriate in January of 2016.
Then March. Then April . . .

Remember when lift-off was supposed to happen in March of this year?
Then it was June for sure. Then it was September.
Now they say it may still happen in December.
It won't.

Economic data — particularly growth risks and persistent deflationary
pressures —
simply don't support the notion that raising rates would be prudent
anytime soon.
Our first look at Q3 GDP is a case in point.
The economy grew at an anemic 1.5% pace in Q3, a considerable slowdown
from the 3.9% pace in Q2.

Bottom-line:
Don't believe what the Fed says it might do, but instead focus on what
they actually have done and do. Their guidance is purposefully opaque
because they want to keep investors on their heels in order to prevent
the bubbles they have pricked from re-inflating.

Since September, the market had gotten a little too comfortable with the
prospect of rates staying at the zero-bound (deep?) into 2016.
Therefore the Fed throws in a specific reference to "its next meeting"
to slap the markets back in line.

The financial press dutifully focused on those three words, largely
ignoring the huge qualifier that remains:
" the Committee will assess progress--both realized and expected--
toward its objectives of maximum employment and 2 percent inflation."

There certainly doesn't appear to be much progress at this point;
hence to steady policy decision.
And indications that there will be substantive progress on either front
over the next 7-weeks are pretty hard to come by indeed.

The pullback in the price of gold and silver within the multi-month
uptrends are a gift to gold mine buyers.

One has to wonder at what point Fed credibility will be strained to the
point where little changes in verbiage can no longer constrain these
markets.

Note.
the physical metal and etf's will be high confiscation risk -
IMO -

Load the truck!!!


India beats China, becomes biggest gold consumer -
October 28, 2015 11:33 IST

http://www.rediff.com/business/report/india-beats-china-becomes-biggest-gold-consumer/20151028.htm

CALVF paying about 8% Dividend -
NO DEBT -
$25 mil+ cash in London Banks -
Blanket Gold Mine plant infrastructure 3,500t/day -
would cost billion+
to re-develop - CALVF has it and
is Africa's lowest cost gold producer -

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=117745473


God Bless