PRECIOUS METAL PRODUCERS

[NYBob]

The Senate has apparently cobbled together a deal that will
end the government shutdown and boost the debt ceiling -

history often repeat itself -

Price of gold after the 2011 debt ceiling deal was struck:

the debt ceiling extension agreement on August 2nd 2011,
gold surged another 17% in 15 trading days after the agreement
was reached.

From August 1st to August 22nd,
gold rose from $1,619/oz to over $1,900/oz.

Why did gold rally, when the threat of a default was gone?
It's because the statutory debt ceiling is more a target than
any real cap on debt.

On August 3, 2011 the national debt of
the United States surged $238 bln.

It was the largest one-day increase in the history of
the United States, sending the debt to GDP ratio
over 100% for the first time since World War II.

In a day, 60% of the new debt ceiling clearance was already gone.
On August 5, Standard & Poor's lowered the credit rating of the
United States from AAA to AA+.

The Budget Control Act of 2011 allowed the debt ceiling to rise
in three incremental steps.
The first was a $400 bln increase that began with presidential
certification of the BCA. The second $500 bln increase occurred
on September 22, 2011 and the third increase of
$1.2 trillion on January 28, 2012 gave us
a debt ceiling of $16.394 trillion.

There was a brief suspension of the debt ceiling
between February and May of 2013 as part of the No Budget,
No Pay Act of 2013.
When the debt ceiling was reinstated, it had to be raised to
the current $16.699 trillion level to accommodate debt
accumulated during the suspension.

So here we are, butted up against the debt ceiling once again.
And I don't know of anybody that's surprised by this reality.

Whatever the deal is that ultimately gets signed by the President,
we'll have our new debt 'target'.
And sure as God made little green apples, we will one day meet and
exceed that 'target' as well.

Caledonia Mining quarterly output rises 4%
By Ian Lyall October 07 2013, 7:59am

Caledonia Mining Corporation (CALVF, LON:CMCL, TSE:CAL)
saw production grow by almost 4% quarter-on-quarter in
the three months to September 30.



Output from its Blanket Mine in Zimbabwe was 12,042 ounces of
the precious metal compared with 11,588 ounces in Q2.

Production for the nine months was 34,103 ounces, a 1.4%
improvement on the same period last year.

Management has said previously Blanket is on course to produce
around 44,000 ounces in 2013, which would be 10% higher
than the previous guidance of 40,000 ounces.
Monday’s update suggests it will meet the revised target.

http://www.caledoniamining.com/pdfs/CALPres-09042013.pdf

http://www.caledoniamining.com/CALPres09082013.php

Nice Caledonia Mining SA article here....

http://seekingalpha.com/article/1720432-caledonia-mining-cheap-is-its-own-reward?source=email_rt_article_readmore

http://www.caledoniamining.com

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=92756235

God Bless