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DEAD MONEY FOR 2 WEEKS.
The Offering is expected to close on or about April 12, 2011
Thanks Kairos...This explains all. Hanglong.
Great Panther Silver Announces $21 Million Bought Deal Financing
Mar 24, 2011 7:56:00 AM
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Email story | Discuss on ZenoBank | View more ads VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 24, 2011) -
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
GREAT PANTHER SILVER LIMITED (TSX:GPR)(NYSE Amex:GPL) ("Great Panther"; the "Company") has entered into a bought deal financing with a syndicate of underwriters led by Salman Partners Inc and including CIBC World Markets Inc, Stonecap Securities Inc, Dundee Securities Ltd, and Stifel Nicolaus Weisel Canada Inc.
The Company intends to issue 5,000,000 common shares at a price of $4.20 per common share ("Offering Price") for gross proceeds to Great Panther of $21 million (the "Offering"). The Offering is expected to close on or about April 12, 2011, and is subject to regulatory approval.
The Company has granted the underwriters an overallotment option exercisable for a period of 30 days following the closing of the Offering, to purchase up to an additional 15% of the number of common shares issued pursuant to the Offering at the Offering Price. The common shares will be offered in all provinces of Canada, excluding Quebec, via a short-form prospectus and into the United States on a private placement basis.
The use of proceeds from the Offering will be further described in the final short form prospectus.
Closing of the offering is subject to certain conditions, including but not limited to, receipt of all necessary securities regulatory approvals, including the approval of the Toronto Stock Exchange and the NYSE Amex.
This press release does not constitute an offer to sell or the solicitation of an offer to buy nor may any sale of the securities described herein in any jurisdiction in which such offer, solicitation or sale would be unlawful.
The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, or the securities laws of any state and may not be offered or sold in the United States absent an exemption from registration.
ON BEHALF OF THE BOARD
Robert A. Archer, President & CEO
This news release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of the Securities Act (Ontario) (together, "forward-looking statements"). Such forward-looking statements may include but are not limited to the Company's plans for production at its Guanajuato and Topia Mines in Mexico, exploring its other properties in Mexico, the overall economic potential of its properties, the availability of adequate financing and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements expressed or implied by such forward-looking statements to be materially different. Such factors include, among others, risks and uncertainties relating to potential political risks involving the Company's operations in a foreign jurisdiction, uncertainty of production and cost estimates and the potential for unexpected costs and expenses, physical risks inherent in mining operations, currency fluctuations, fluctuations in the price of silver, gold and base metals, completion of economic evaluations, changes in project parameters as plans continue to be refined, the inability or failure to obtain adequate financing on a timely basis, and other risks and uncertainties, including those described in the Company's Annual Report on Form 20-F for the year ended December 31, 2010 and reports on Form 6-K filed with the Securities and Exchange Commission and available at www.sec.gov and Material Change Reports filed with the Canadian Securities Administrators and available at www.sedar.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
B&D Capital
604 685 6465
Fax: 604 899 4303(FAX)
info@greatpanther.com
www.greatpanther.com
Source: Great Panther Silver Limited
----------------------------------------------
B&D Capital
604 685 6465
Fax: 604 899 4303(FAX)
info@greatpanther.com
www.greatpanther.com
GPL early pullback and BOOOOSH over $4.70 mode coming.....seen this baby DO THIS LIKE CLOCK WORK. Hammer
Silver futures hits new high at Rs 57,500
Thu Mar 24 2011, 14:30 hrs New Delhi:
Silver futures prices climbed to trade at record high of
Rs 57,500 per kg on Thursday as speculators enlarged their
positions, triggered by a firming global trend.
At the Multi Commodity Exchange, silver for December delivery rose by Rs 211, or 0.37 per cent, to a record high of Rs 57,500 per kg, with a trade volume of just one lot.
Similarly, the white metal for delivery in July contract rose by Rs 54, or 0.10 per cent, to Rs 56,155 per kg, with a business turnover of just one lot, while May contract moved up by Rs 45, or 0.08 per cent, to Rs 55,543 per kg, with a business turnover of just two lots.
Market analysts said increased buying by speculators buoyed by a firming global trend as concern that Portugal may have to seek a bailout and escalating unrest in Libya and the Middle East fuelled demand for precious metals as a store of value.
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God Bless
NO REASON WE DON'T SEE $5+ area this week. Hammer
NO REASON WE DON'T SEE $5+ area this week. Hammer
I sure hope this stock returns to $5.00...I added on the dip. Hanglong.
Sweet siggy Messiah!
b4
another nice day here~
Good call Bob...I just tell people that the current government intends on placing today's burdens on the backs of it citizens. Whether it's sending young men and women to fight and die, riding the world of a bunch of Mohamedin fanatics, or draining the wealth out of this country through inflation and devaluation of our currency. Good thing we are all in this together.
I so wanted to buy many of the cheap junior miner shares that were a result of the recent correction that I sold the big cap, (BP and Chevron) so that I could buy more Great Panther. I picked up more GPL, and bought on the dips on many others...Now I am set for another serious silver run-up...As I keep telling everybody...Hang long.
Gold & SILVER prices "You have not seen anything yet":
says Pastor Lindsey Williams the plan by the global elite
to sabotage the dollar, destroy the economy and America by 2012.
Silver will go to $100/oz: Lindsey Williams
Saturday, March 19, 2011 11:16
http://beforeitsnews.com/story/495/718/Silver_will_go_to_100_oz:Lindsey_Williams.html
Gold & SILVER prices "You have not seen anything yet":
says Pastor Lindsey Williams the plan by the global elite
to sabotage the dollar, destroy the economy and America by 2012.
For the next 10 years silver will be like 2 steps forward 1 step back.
But will probably be more like 5 forward 2 back.
Their may be one big dip & many chickens will flap & sell,
only to regret & see it shoot beyond imagination.
You have to look at the? industrial & technical revolution &
the global economic crisis.
After doing my research I don't give a dam if silver goes down,
as eventual fiat currency is going to 0, it's a possible small
loss or loose everything, whats the fuss.
Silver Bull Run : Lindsey Williams
I have found silver an excellent cure for jock itch...Hanglong
The mining stocks will continue to outperform in 2011,
but by a much larger margin than last year,
and are still relatively cheap compared to bullion.
Remember, the mining stocks were in a bear market
from the collapse of Bre-X in 1997 to the collapse
of Lehman Brothers in 2008.
After Lehman, even the best quality mining stocks
were unbelievably cheap.
It was a capitulation low, where emotion prevailed over logic,
which is how all bear markets end.
This new bull market will drive the mining shares
to what will probably be unbelievable heights
when we look back a few years from now.
by James Turk
BG: Silver was up 81.9% in 2010, but is still below its 1980
nominal high.
What's your outlook for silver in 2011?
Rick Rule: The near-term outlook for silver is very bullish,
as a consequence of physical supply shortages.
Longer term could be problematic as a consequence of Indian
dishoarding, an event last seen in earnest in 1997.
James Turk: I expect silver to reach $50 in Q1 2011.
It may then take a breather, but eventually -
and probably later in 2011 - silver will climb above $50.
John Hathaway: More volatility than gold.
Charles Oliver: In the earth's crust, the ratio of silver to gold is 17:1.
For most of the last 650 years (except the last 100)
the monetary exchange rate was also around 17:1.
In fact, when the United States was on a bi-metallic
reserve standard, the U.S. government mandated
"The Coinage Act of 1834," putting
the gold/silver ratio at 16:1.
In 2010, the ratio moved from around 60 to below 50.
I expect this trend to continue in 2011 and think
the metal could trade up to and beyond $50 in the
not-too-distant future.
Adrian Ash: Silver's primary use is industrial,
rather than as a store of wealth like gold.
So it should be more vulnerable to the economic cycle
(see the post-Lehman price collapse), and you could
argue it's simply tracking the huge rally in base metal
and energy prices.
But looking at that 1980 high -
forced by the Hunt brothers' speculative corner, rather than
a jump in use -
I think something else is going on, and silver is being
remonetized by private wealth in the same way gold has been
remonetized since hitting "trinket" prices in the late 1990s.
A much smaller and tighter market than gold, silver is both
more attractive and responsive to sudden inflows of cash.
As with gold, silver's volatility fell in 2010, but it was
more than twice the average level (daily basis) of
the last four decades.
Price-wise, another year like 2010 would see the $50 peak
taken out.
The biggest surprise is that the mainstream press hasn't
stoked the idea of a "silver bubble" like it has done
for gold since 2009.
Ian McAvity: If gold runs above $2,000,
I expect the silver/gold ratio to reach the 36:1 level,
which would mean a price somewhere between $55 and $66.
I view that ratio as a material driver of the silver price,
trading off its long monetary metal history, apart
from its attractive supply/demand profile.
The 1980 spike to $50 was a very brief spike that isn't
really a meaningful measuring point, in my view.
The monthly average London Fix for January 1980 was $39.27,
and gold's monthly average peak was $675.31;
those are more realistic prior peak levels to measure against.
Ross Norman: After the 2010 rally, it might seem churlish
to expect much more in 2011 for silver.
Early 2011 profit taking has seen silver decline more than
most assets, underlining the strong speculative element in
the recent price run, and this also confers some weakness
to its case.
However, the investment community has taken silver to heart,
and contrary to its modestly attractive fundamentals,
the market prices are likely to overperform again.
Unlike in 2010, we expect silver's price action to conform
more closely to that of gold - firmer,
but a little more rational.
Our outlook in 2011 for silver:
Average $37; high $44; low $27.
VERY CONSERVATIVE AVERAGE WAY TO LOW smile
BG: What's your best advice for precious metal investors in 2011?
Rick Rule: Be prepared for the most volatile market of your life,
and use that volatility to your best advantage.
James Turk: It is the same advice I have been giving
for more than a decade; continue accumulating the precious
metals, and if you are inclined to take the investment risk,
the mining stocks as well.
We need to recognize one salient fact:
national currencies are being destroyed
and their purchasing power eroded
by misdirected government policy.
Consequently, gold and silver are safe havens
and the best way to protect your wealth.
John Hathaway: Have at least 10% of your liquid -
assets in precious metals and related mining stocks.
Keep your bullion outside the U.S. A good way to do so is
through Gold Bullion International, which can be accessed
through their website.
Unless you want to spend a lot of time researching the gold
mining industry, consider investing in a well-managed
precious metals mutual fund.
There are a number, but I am partial to the Tocqueville Gold
Fund, one of the top performers last year.
Charles Oliver: All the fundamentals -
excessive government debt, high budget deficits, runaway
healthcare costs, growing Social Security payments,
demographic trends - lead to one conclusion:
Governments are bankrupt and are going to debase -
the currencies via money printing, quantitative easing,
off-balance-sheet transactions, and whatever other tricks
they can pull off.
The bull market in gold is alive and well and has a
heck of a lot further to go. Buy it.
Adrian Ash: Next to overtrading, the biggest profit killer
in gold this last decade has been to trust clever hedge
funds trying to beat the metal.
Sure, the best mining stock funds have delivered fantastic
returns, but they struggled to outperform gold in 2010,
and there's no certainty that will continue.
But if you're right to buy gold for defense, then it's best
to simply buy and hold until the prime drivers -
abysmal monetary and fiscal policy across the West -
are reversed.
Oh, and of course, be sure to visit BullionVault for a
free gram of gold, too!
Ian McAvity: For individual investors, don't go crazy with
leverage or portfolio concentration.
No matter how much of a gold bug you are, keep in mind we're
in a period where the mistakes (QE2 is one of them)
will compound the second half of the ongoing
financial disaster that started in 2007.
Ross Norman: For followers of cycles, 2011 looks like the year
that the Kondratieff Winter begins to bite -
a period normally associated with debt repudiation,
trade wars, and firm commodity prices.
A winter that puts Europe into hibernation,
and the smart money acquires a protective coat.
This is to say, buy gold, including the leveraged 2:1 ETFs.
[These world-class experts are right to bank on gold and silver -
because the U.S. dollar keeps losing more and more of its value.
Watch this eye-opening video on how China and Russia
are plotting to dump the dollar in the near term…
why you should be worried… and what to do about it.]
Yes Sir its all dudilidu run for Ag & Au
Great Panther Silver Reports Annual Net Profit Of $5 Million
http://www.greatpanther.com/s/NewsReleases.asp?ReportID=447563&_Type=News-Releases&_Title=Great-Panther-Silver-Reports-Annual-Net-Profit-Of-5-Million
dd....GPL Silver bargain play -
http://www.greatpanther.com
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Messiah TY, CAUTION! 3-11 SEISMIC TERRORISTS ARE STILL AROUND.
http://alturl.com/odaft
Don't make the biggest mistake of your financial life -
Y'all are not smart enough to sell and buy back lower, and neither am I nor most of the folks you'll ever meet. Some people believe they can consistently predict a market, but they are wrong. Only a very few do it successfully.
How many 80 year old retired day traders do you know?
Not as many as were forced into retirement because they lost all their capital.
The notion of selling now and buying back lower betrays a fundamental misunderstanding of our investment strategy. Investing Rule No. 1 is, "Always align your investments with the primary trend, the trend that will last for 15 or 20 years, whether up or down." Think stocks, 1982 - 2000. Or silver and gold, 1960 - 1980. Or, think stocks since 2000, or silver and gold 1980 - 2001.
You will always make more money WAITING than you will ever make TRADING. Our strategy is not to catch every little up and down jiggle, nor even the BIG jiggles, but to cut a long, long piece out of a powerful uptrend that will rise 25 or 30 times its beginning price.
You sell out, and here's what will happen. You are just gimcrack sure and certain the market is about to drop. You sell, and it obliges your confidence by rising 30%. Whoops. You just LOST your bull market position, and will either walk away in disgust to miss the rest of the bull market, or you will buy back in having missed that big rise and cost yourself a bundle.
On the other hand, say that you sell and it does drop. Will you buy back in when it drops 20%? 30%? 40%? No, no, now you are investing genius now and you just KNOW it will drop 50%, so when it only drops 23%, you miss it and watch it shoot thru the price where you sold it. You have now lost your bull market position, and are sitting on a pile of rapidly depreciating Ben-Bucks.
Friends, stop and think what y'all are doing, and don't change horses or strategies in mid-river, especially when it's at flood stage. Y'all made a good decision to invest in silver and gold for the life of the primary uptrend (bull market). You will sell at the top, and in the meantime increase your profits by swapping between silver and gold. That's a workable and profitable plan, and if you stick with that simple goal, you will make bushel-basketfuls of profits. Be patient, keep your eyes on the horizon, sit on your silver and gold. Your strategy is working, and will keep on working. Don't mess with it, cause it's not broken.
Right on cue those Nice Government Men from Japan hit the yen market and pushed it down 1.49% today. Or maybe it was just profit-takers scraping some money off the table and into their laps before they drove out to Long Island for their Friday martini. In this case, I'm betting mostly on the NGM.
Either way, it didn't help the dollar. Euro gapped -- yes, gapped-- up to prove beyond all controversy that it intends to leave the earth behind, no matter how many bankrupt member nations it needs to lift with it. Closed today 1.4182, up 0.77%. Next stop is the last high at 1.4281.
The US DOLLAR INDEX tanked 46.9 basis points (0.6%) today and is trading at 75.572. It's deeply ungentlemanly to say, "I told y'all so," but if y'all were betting on the dollar, y'all deserve it.
In one mighty bound -- no, no, bound is UP so let's make that PRATFALL -- the dollar reached the November intraday low of 75.63 and exceeded it. Good work, Bumbling Ben.
If the dollar can't hold its perch here -- and it won't -- then twill seek the Dec. 2009 low at 74.23, then go for 70.70 from 2008. Yet I keep telling myself that SOMETIME here the pendulum is due to swing the other way taking the dollar up and silver and gold down. I don't mean on any long-term basis, only on a short-term correction. Yet no such dollar strength has materialized. Shucks, not only has the dollar NOT pulled on its Superman suit, it can't even find a phone booth to change in.
Responding to what I wrote yesterday about the guru who keeps misdirecting his listeners into stocks, a friend wrote, "I'm watching as mankind goes from bleeding itself with small, self-inflicted cuts to stabbing itself through its own heart with a Bowie knife." I take no pleasure in responding, "I know what you mean." I've been watching that same tragedy for decades. As Louis Armstrong said, "Some people don't know and you can't tell 'em." It starts with fiat money and central banks and metastasizes to government education and training otherwise intelligent people to depend on "experts" for every decision, robbing them of their dignity and independence. Mercy, why not live off a government check? Why would I want to work?
What other value does life hold than money?
Why would I want independence? Don't that come with responsibility? Not for me!
Yeah, mankind are the best argument I know to prove original sin.
by
http://silver-and-gold-prices.goldprice.org/
But let's get back to markets.
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I'd like to send this as a private message but I am a free member.
CAUTION! 3-11 SEISMIC TERRORISTS ARE STILL AROUND.
http://alturl.com/odaft
Our outlook in 2011 for silver:
Average $37; high $44; low $27.
VERY CONSERVATIVE AVERAGE WAY TO LOW
The World's Best Gold & Silver Experts: "Buy and Hold!"
Jeff Clark, BIG GOLD
17 March 2011
In January, Jeff Clark of Casey Research's BIG GOLD advisory set out to get opinions from some of the smartest, most accomplished investors in the gold industry - where is the gold price going to go, how volatile will the markets be, what's the outlook for precious metals stocks? Read on for some of the most insightful answers you'll see anywhere…
Rick Rule is the founder of Global Resource Investments (www.gril.net), now part of Sprott, one of the most acclaimed and sought-after brokers in the natural resource industry. Rick has spent 30 years in the sector and is a regular speaker at investment conferences in the U.S. and Canada. He and his staff have an extraordinary record of success in resource stock investing.
James Turk is the founder and chairman of GoldMoney.com. He's authored two books on economic topics, published numerous articles on money and banking, and is co-author of The Collapse of the Dollar. He's a widely recognized expert on precious metals.
John Hathaway is portfolio manager of the Tocqueville Gold Fund, the third best-performing gold mutual fund in 2010. He is a Harvard grad with 41 years of investment management experience.
Charles Oliver is senior portfolio manager of the Sprott Gold and Precious Minerals Fund (and several others). Charles led the team at AGF Management that was awarded the Canadian Investment Awards' "Best Precious Metals Fund" in 2004, 2006, and 2007.
Adrian Ashrun is the research desk at BullionVault, one of the world's largest online gold ownership services. A frequent guest on BBC News in London, his views on the gold market are regularly featured in the Financial Times, The Economist, and many others.
Ian McAvity has been writing the Deliberations on World Markets newsletter since 1972. He was a founder of the Central Fund of Canada (CEF), Central Gold Trust (GTU), and Silver Bullion Trust (SBT.U).
Ross Norman is co-founder of TheBullionDesk.com, an online provider of precious metals news, analysis, and prices. Ross has won several awards from the London Bullion Market Association for his price forecasting, winning in 2002 and 2006.He now runs Sharps Pixley (www.sharpspixley.com), which sells bullion in the UK and continental Europe.
BIG GOLD: Gold was up 30% in 2010; to what do you attribute its rise?
Rick Rule: Gold is unique, in that both primary investment psychology motivators - greed and fear - drive the price. Gold markets ricochet between greed and fear buying, and we are starting to see that in the markets now. The fiat currency weakness, both the dollar and the euro, are the motivators for the fear buyer, and the momentum caused by fear buyers is the motivation for the greed buyer.
James Turk: Two things. First, policies like zero interest rates and quantitative easing are eroding the purchasing power of all the world's currencies, so it is no surprise that commodity prices - which are always sensitive to currency problems - are soaring.
Second, as people increasingly recognize the difference between owning paper gold and physical gold, the demand for physical continues to climb. Given that it is a tangible asset, physical gold does not have counterparty risk and therefore protects wealth when stored properly. It is the ultimate safe haven.
John Hathaway: Growing distrust of fiat currencies.
Charles Oliver: In reality, the true value of gold does not change. What has changed is the decrease in value of the fiat currencies used to measure the gold price. In 2009 and 2010, the U.S. debased its currency via direct money printing and a massive quantitative easing program where the government purchased $1.5 trillion of mostly its own bonds.
The U.S. government will buy another $600 billion of its bonds in 2011 concurrent with running the largest deficit in its history. With this in mind, it is no surprise that the gold price rallied.
Adrian Ash: Last year's eurozone debt crises gave only a foretaste of the sharp spikes in physical demand we could see as the single-currency experiment unravels, while the Fed's fresh dose of debt-monetization (aka QE) lit a fire under institutional gold buying. China's surging demand continued to make gold a strong emerging-Asia play, too.
The underlying cause, however - boring but true - was negative real interest rates. Cash in the bank now means certain losses, failing to keep pace with inflation as badly as in the late 1970s. So once again, cautious savers are choosing hard assets instead of government-controlled currency, and gold is the stand-out alternative because it's tightly supplied, indestructible, debt-free, and truly stateless.
Ian McAvity: I believe gold's rise should be recognized as a devaluation of the three major currencies in gold terms - the U.S. dollar, euro, and yen. That focused global attention on gold as the oldest and most credible currency in its traditional role of a store of value. This trend is now a decade old and may be entering the phase for acceleration, now that the major currencies and sovereign debt issues are both coming under the microscope.
Ross Norman: Really, it was more of the same from the previous 10 years - but particularly so the economic-related issues from the last two. The gold price fundamentally reflects the debasement of currencies - gold is not expensive, but the currencies you buy it with are worth less simply because we are printing so many of them. If you genuinely believe that global growth is established, that debt repudiation will be carried through (the public will willingly take their fiscal medicine), and that economic stability will be restored without a hiccup, then don't buy gold. The trouble is, few believe that story, and hence the 30% gain in gold.
BG: What forces will move gold this year? And what's your price projection for 2011?
Rick Rule: I suspect that this year will give us extraordinary volatility across all markets, including bullion. I think the eventual direction is higher, because of the well-catalogued failures of collectivism. But I suspect we will have some event-driven spike in metals prices, although I couldn't forecast which of many possible events will occur.
I have no earthly idea where gold will close, but to be a good sport and play the game, I'll say $1,750.
James Turk: The same forces will move gold higher this year, which I expect will reach $2,000, probably in the first half.
John Hathaway: A reversal of spreading distrust of government policies, central bankers, and paper currencies can only be accomplished by high real interest rates. The secular direction of the gold price will remain higher, and conversely, the valuation of paper currencies will trend lower, without a restoration of respectable real interest rates, which in my opinion, would be in the neighborhood of 4% on a sustained basis. In the absence of such a change, there is no telling where the price of gold, in U.S. dollar terms, could go.
In my opinion, gold is no different than any other market in that it assesses current fundamentals and discounts the future. Just exactly what it is reflecting at any given moment is the real challenge. In my opinion, the gold market has only partially reflected the monetary debasement that has taken place since the credit implosion of 2008, and it has not yet begun to assess the damage yet to come.
Without knowing what further convoluted and extreme measures yet to be implemented by this administration and the Fed, it is impossible to place a number on the future price.
Charles Oliver: Global currency debasement will continue in 2011. The European sovereign debt crisis continues to unravel in slow motion, and it looks highly likely that the Europeans will magically create lots of money to backstop the debt of the next European government that finds itself on the verge of bankruptcy. I expect this backdrop will help propel gold to around $1,700 by yearend.
This level is supported by an upward trend channel that commenced in 2008 with a 2011 yearend range of $1,550 to $1,750. I also believe gold could break through the upper boundary of these trend-lines should some unexpected event occur.
Adrian Ash: Headline debt crises aside - Portugal, Spain, California, take your pick - 2011 will see negative real interest rates force ever more cash savers to choose gold (and also silver) instead. Simply extrapolating the current bull run's annual gains would see 2011 end with gold some 20% higher at $1,695 per ounce, averaging $1,450 across the year. Even on the official CPI measure, U.S. savers have now been underwater for 24 of the last 36 months after inflation.
But no one at the Fed, not even sole dissenter Thomas Hoenig (no longer a voting member in 2011), wants to see positive real returns paid to cash. The ECB, Bank of Japan, and Bank of England all look stuck near zero interest rates, too. And while Beijing might hike Chinese lending rates, it fears sucking in yield-hungry money from the West. With China's deposit rates left untouched at barely half the pace of inflation, the early gold-demand spike around Chinese New Year (Feb. 3rd) could prove dramatic.
Ian McAvity: I don't do specific forecasts in my work, but I think there's a prospect of gold pushing into the $2,000-$2,400 range this year, or perhaps 2012. This presumes an element of monetary panic relating to the U.S. dollar or euro during the year. A gold price of $2,400 would be the CPI-adjusted equivalent of 1980's $850 in current dollars, so this is not an unrealistic number.
Ross Norman: After 10 successive years of price strength during which gold rose fivefold, it is tempting to ask if prices are now peaking; we think not, and fresh all-time highs of $1,850 are in prospect. The list of forces on the buy side remains as long as your arm. But on the sell side there are potentially miners reentering hedging/forward-selling programs, central bank disposals, and possibly some contrarians - these are unlikely to be significant and, in short, with few sellers the scales should continue to weigh very significantly in favor of the bulls.
With gold's entrenched trend line to draw on, the adage "The trend is your friend" seems likely to hold true. A twenty-something percent increase looks likely for the year, and the gold chart should maintain a steady 45-degree climb after a period of consolidation during Q1.
Our outlook for gold in 2011: Average $1,513; high $1,850; low $1,350.
BG: How volatile do you expect gold to be? What's your low price that would present a good buying opportunity?
Rick Rule: Volatile on steroids! If we have a replay of the liquidity crisis of 2007-2008, gold could crack $1,000 on the downside. I don't time these things; I build cash when values in other sectors are not available, and bullion for me is a form of cash.
James Turk: I do not expect gold to be volatile. It looks to me that the gold price is ready to accelerate to the upside, and I do not expect there to be any significant price corrections because the demand for physical metal is just too strong. There is always a lot of money on the sidelines ready to buy any dip.
Any price below $1,500 represents a good buying opportunity because I do not expect gold to remain below that price much longer.
John Hathaway: If the Fed announces an end to quantitative easing, gold could drop $200. In the greater scheme of things, such an announcement would change nothing.
Charles Oliver: I expect volatile currencies and governments for the next several years. Which means that gold and other hard assets priced in U.S. dollars will remain volatile. The current bottom of my gold trend channel is $1,300, so if it dropped that low, I think it would make a great buying opportunity. If gold broke below $1,300 (which I do not expect), then you might see it test the $1,000 level. That level was resistance for several years, but now it is a major support level, one I believe may never be breached again.
Adrian Ash: Gold volatility actually fell in 2010, hitting 5-year lows even as the dollar price took out new record highs above $1,400. So while gold keeps making headlines, it's more overreported than overinvested, and that's likely to keep any dips shallow, especially as larger investment institutions in the West look to steadily build their positions. Demand from Indian households - the world's No.1 physical buyers - is again adjusting to new rupee highs, too.
That said, keep an eye on the start of new quarters (April, July, Oct.) as investment funds will hold on to winning positions to impress their clients, only to take profits the very next day (witness July 1, 2010 and New Year 2011 already).
If you're trying to pick the bottom of a pullback, it's worth noting that gold hasn't fallen vs. the dollar for more than two months running since 2001.
Ian McAvity: Volatility will be much greater. India paid $1,045 for 200 tonnes of gold from the IMF - that's a critical level and would be a great crash-scenario buy point, but I doubt we'll see it. The last important breakout occurred at $1,260 and should be support and an attractive buy level; below that, $1,160 to $1,200, if it's part of a general market wipeout. I'd bet that gold comes screaming back from such a decline if Bernanke and the ECB proceed with QE3 or QE4 to fight it.
Ross Norman: Fear and uncertainty are running high, and that should almost certainly translate into greater price volatility. I think we are close to the low for the year (we see that at $1,350), and it is quite healthy to see some of the excessive speculative froth being blown off the market just now. It makes a more compelling case a month or so from now.
BG: Gold stocks as a group did not outperform gold in 2010 - will that change in 2011? And if the broader markets sell off, will gold stocks fall along with them or trade on their own?
Rick Rule: Interesting point; the stocks did not outperform bullion, even as the companies actually began to feel the positive impacts of higher gold prices and massive capital programs.
I do think select stocks will broadly outpace the bullion markets in 2011. The senior producers are doing something they have not done for decades - earning good money! Their reinvestment options are constrained because most of them have already launched and funded major capital programs for whatever internal growth is available to them. Surplus capital can go to increasing dividends, buying back stock, and to acquisitions. Juniors who make attractive discoveries that can reduce depletion charges and lower a major's overall cash costs will be bought at startling prices.
If broader markets decline as a consequence of an event, particularly a liquidity-driven event, the gold stocks will decline with them. If a broader market decline occurs as a consequence of debt and equity overvaluation and earnings disappointments, the markets will decouple as they did in the late 1970s.
James Turk: The mining stocks will continue to outperform in 2011, but by a much larger margin than last year, and are still relatively cheap compared to bullion. Remember, the mining stocks were in a bear market from the collapse of Bre-X in 1997 to the collapse of Lehman Brothers in 2008. After Lehman, even the best quality mining stocks were unbelievably cheap. It was a capitulation low, where emotion prevailed over logic, which is how all bear markets end. This new bull market will drive the mining shares to what will probably be unbelievable heights when we look back a few years from now.
John Hathaway: Gold stocks are generally cheap relative to bullion. The XAU trades at roughly 15% of the bullion price vs. a historical norm of more than 20%. Gold stocks could do fine even if gold is flat, something I don't expect. If we have another 2008 style sell-off, gold stocks will be hurt again in the short term, but the stage would be set for much higher highs for the metal and the stocks.
Charles Oliver: In 2010, the large-cap stocks that dominate the weighting in most gold indexes underperformed the gold price. However, the mid-cap stocks had a great performance in the first part of 2010. In the latter part of the year, the small-caps roared to life and outperformed most other groups.
I expect that 2011 will initially be similar to the end of 2010; however, in the second part of the year, I am concerned that the general stock market may be due for a correction that could impact all stocks and sectors. If there is a modest, orderly pullback, gold stocks could rally (much like they did in 2002), though you may see an increased focus on the bigger, more liquid names first. With this in mind, and the relatively cheap large-cap stocks, I have been increasing my weighting of larger-cap names.
Adrian Ash: So long as deflation (i.e., default) threatens credit markets, unencumbered gold is going to appeal more than geared production, especially to those cautious savers now being forced out of cash by negative real rates. Yes, you've got to expect the kind of gold mania that Doug Casey has long forecast to light a fire under the broader gold mining sector. But another broad sell-off in world equities in 2011 would only compound the last decade's disillusion with risk investments.
Ian McAvity: The major gold stocks have not performed well against gold since 2003. They will get decent spurts, but long-term reserve replacement and premium-priced M&A [Merger and Acquisition] takeovers dilute their shareholders. The lows for gold stocks may be governed by the magnitude of any crash-like decline in the stock market. If the S&P or Dow falls 20% or more within a 3-month or less window, the margin clerks will sell every bid on anything. I prefer the metal to the major miners.
Ross Norman: I would not anticipate a broader equities sell-off. It does seem that most asset classes are performing strongly, and that may be a secondary consequence of QE. Broadly, I take a similar, and positive, view of mining equities as I do for gold. Should there be an equities correction, then in all likelihood mining shares will also retrace to some extent in the same way that a rising tide lifts all boats.
BG: Silver was up 81.9% in 2010, but is still below its 1980 nominal high. What's your outlook for silver in 2011?
Rick Rule: The near-term outlook for silver is very bullish, as a consequence of physical supply shortages. Longer term could be problematic as a consequence of Indian dishoarding, an event last seen in earnest in 1997.
James Turk: I expect silver to reach $50 in Q1 2011. It may then take a breather, but eventually - and probably later in 2011 - silver will climb above $50.
John Hathaway: More volatility than gold.
Charles Oliver: In the earth's crust, the ratio of silver to gold is 17:1. For most of the last 650 years (except the last 100) the monetary exchange rate was also around 17:1. In fact, when the United States was on a bi-metallic reserve standard, the U.S. government mandated "The Coinage Act of 1834," putting the gold/silver ratio at 16:1. In 2010, the ratio moved from around 60 to below 50. I expect this trend to continue in 2011 and think the metal could trade up to and beyond $50 in the not-too-distant future.
Adrian Ash: Silver's primary use is industrial, rather than as a store of wealth like gold. So it should be more vulnerable to the economic cycle (see the post-Lehman price collapse), and you could argue it's simply tracking the huge rally in base metal and energy prices. But looking at that 1980 high - forced by the Hunt brothers' speculative corner, rather than a jump in use - I think something else is going on, and silver is being remonetized by private wealth in the same way gold has been remonetized since hitting "trinket" prices in the late 1990s.
A much smaller and tighter market than gold, silver is both more attractive and responsive to sudden inflows of cash. As with gold, silver's volatility fell in 2010, but it was more than twice the average level (daily basis) of the last four decades. Price-wise, another year like 2010 would see the $50 peak taken out. The biggest surprise is that the mainstream press hasn't stoked the idea of a "silver bubble" like it has done for gold since 2009.
Ian McAvity: If gold runs above $2,000, I expect the silver/gold ratio to reach the 36:1 level, which would mean a price somewhere between $55 and $66. I view that ratio as a material driver of the silver price, trading off its long monetary metal history, apart from its attractive supply/demand profile. The 1980 spike to $50 was a very brief spike that isn't really a meaningful measuring point, in my view. The monthly average London Fix for January 1980 was $39.27, and gold's monthly average peak was $675.31; those are more realistic prior peak levels to measure against.
Ross Norman: After the 2010 rally, it might seem churlish to expect much more in 2011 for silver. Early 2011 profit taking has seen silver decline more than most assets, underlining the strong speculative element in the recent price run, and this also confers some weakness to its case. However, the investment community has taken silver to heart, and contrary to its modestly attractive fundamentals, the market prices are likely to overperform again. Unlike in 2010, we expect silver's price action to conform more closely to that of gold - firmer, but a little more rational.
Our outlook in 2011 for silver:
Average $37; high $44; low $27.
VERY CONSERVATIVE AVERAGE WAY TO LOW
BG: What's your best advice for precious metal investors in 2011?
Rick Rule: Be prepared for the most volatile market of your life, and use that volatility to your best advantage.
James Turk: It is the same advice I have been giving for more than a decade; continue accumulating the precious metals, and if you are inclined to take the investment risk, the mining stocks as well. We need to recognize one salient fact: national currencies are being destroyed and their purchasing power eroded by misdirected government policy. Consequently, gold and silver are safe havens and the best way to protect your wealth.
John Hathaway: Have at least 10% of your liquid assets in precious metals and related mining stocks. Keep your bullion outside the U.S. A good way to do so is through Gold Bullion International, which can be accessed through their website. Unless you want to spend a lot of time researching the gold mining industry, consider investing in a well-managed precious metals mutual fund. There are a number, but I am partial to the Tocqueville Gold Fund, one of the top performers last year.
Charles Oliver: All the fundamentals - excessive government debt, high budget deficits, runaway healthcare costs, growing Social Security payments, demographic trends - lead to one conclusion: Governments are bankrupt and are going to debase their currencies via money printing, quantitative easing, off-balance-sheet transactions, and whatever other tricks they can pull off. The bull market in gold is alive and well and has a heck of a lot further to go. Buy it.
Adrian Ash: Next to overtrading, the biggest profit killer in gold this last decade has been to trust clever hedge funds trying to beat the metal. Sure, the best mining stock funds have delivered fantastic returns, but they struggled to outperform gold in 2010, and there's no certainty that will continue. But if you're right to buy gold for defense, then it's best to simply buy and hold until the prime drivers - abysmal monetary and fiscal policy across the West - are reversed. Oh, and of course, be sure to visit BullionVault for a free gram of gold, too!
Ian McAvity: For individual investors, don't go crazy with leverage or portfolio concentration. No matter how much of a gold bug you are, keep in mind we're in a period where the mistakes (QE2 is one of them) will compound the second half of the ongoing financial disaster that started in 2007.
Ross Norman: For followers of cycles, 2011 looks like the year that the Kondratieff Winter begins to bite - a period normally associated with debt repudiation, trade wars, and firm commodity prices. A winter that puts Europe into hibernation, and the smart money acquires a protective coat. This is to say, buy gold, including the leveraged 2:1 ETFs.
[These world-class experts are right to bank on gold and silver - because the U.S. dollar keeps losing more and more of its value. Watch this eye-opening video on how China and Russia are plotting to dump the dollar in the near term… why you should be worried… and what to do about it.]
Yes Sir its all dudilidu run for Ag & Au
Great Panther Silver Reports Annual Net Profit Of $5 Million
http://www.greatpanther.com/s/NewsReleases.asp?ReportID=447563&_Type=News-Releases&_Title=Great-Panther-Silver-Reports-Annual-Net-Profit-Of-5-Million
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60994902
Great Panther Silver Reports Annual Net Profit Of $5 Million
http://www.greatpanther.com/s/NewsReleases.asp?ReportID=447563&_Type=News-Releases&_Title=Great-Panther-Silver-Reports-Annual-Net-Profit-Of-5-Million
Silver Ag bull on the move
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60994902
Yes BUDDY, we are in for a great TIME here in GPL......SILVER = NEW GOLD and we have a winner. Hammer
I'm glad I used this dip to add a few shares of GPL to my portfolio. Now just kick back and watch this cat run! Hang long.
And just think....GPL already UPPED ALL OF THEIR PRODUCTION FOR THIS YEAR.........RECORD REVS COMING FOR YEARS TO COME. Hammer
$10+
GPL RECORD INCOME FOR YEAR ENDED........Hammer
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Great Panther Silver Reports Annual Net Profit of $5 Million
Mar 16, 2011 08:55:20 (ET)
VANCOUVER, BRITISH COLUMBIA, Mar 16, 2011 (MARKETWIRE via COMTEX) -- GREAT PANTHER SILVER LIMITED (GPL, Trade ) (the "Company") is pleased to announce the audited financial results for the Company's year ending December 31, 2010. The full version of the financial statements and the management discussion and analysis can be viewed on the Company's web site at www.greatpanther.com or on SEDAR at www.sedar.com . To view the Company's Annual Report on Form 20-F which includes the Company's audited financial statements for the year ended December 31, 2010, please click on the following link http://sec.gov/edgar.shtml .
"Great Panther continued to achieve record revenue and earnings from mining operations in the fourth quarter of 2010, up 40% and 60% respectively, over 2009," said Kaare Foy, Executive Chairman. "In addition, 2010 marks a significant milestone for the Company as we report our first year of net income."
2010 ANNUAL AND FOURTH QUARTER HIGHLIGHTS
---------------------------------------------------------------------------
Change from Change from
Fourth Fourth Full Year Full Year
Highlights Quarter 2010 Quarter 2009 2010 2009
---------------------------------------------------------------------------
Revenue $ 13.8 million Up 40% $ 42.2 million Up 33%
Earnings from
mining operations
(1) $ 6.8 million Up 60% $ 18.7 million Up 63%
Net income $ 0.8 million Down 25% $ 5.0 million Up 673%
Earnings per share
- basic and
diluted $ 0.01 no change $ 0.04 Up 500%
Silver ounces
produced (excluding
equivalent
ounces of gold,
zinc and lead) 385,022 Down 1% 1,534,958 Up 5%
Silver equivalent
produced (2) 565,660 Down 9% 2,255,801 Up 2%
Silver payable
ounces 369,940 Up 2% 1,428,758 Up 4%
Total cash cost per
silver ounce (3) $ 8.41 Up 75% $ 7.43 Up 33%
Average revenue per
silver ounce sold $ 28.01 Up 59% $ 21.26 Up 42%
---------------------------------------------------------------------------
-- 33% increase in mineral sales revenues to $42.2 million for the year
ended December 31, 2010 from $31.7 million for 2009.
-- 40% increase in mineral sales revenues to $13.8 million for the three
months ended December 31, 2010 from $9.9 million for the same period in
2009.
-- 63% increase in earnings from mining operations to $18.7 million for the
year ended December 31, 2010 from $11.5 million for the same period in
2009.
-- 60% increase in earnings from mining operations to $6.8 million for the
three months ended December 31, 2010 from $4.2 million for the same
period in 2009.
-- 212% increase in cash flows from operations to $4.2 million for the year
ended December 31, 2010 from $1.4 million in 2009.
-- $5.8 million increase in net income to $5.0 million for the year ended
December 31, 2010 from a net loss of $0.9 million for 2009.
-- Record annual metal production of 2,255,802 silver equivalent ounces
("Ag eq oz"), up 2% from 2,202,456 Ag eq oz in 2009.
-- Record silver production of 1,534,957 silver ounces, up 5% from
1,456,830 in 2009.
-- Record metal recoveries of gold and silver at Guanajuato and silver,
lead and zinc at Topia.
-- 33% increase in cash cost per silver ounce, net of by-products, to
US$7.43 in 2010 from US$5.58 in 2009. This increase in costs during 2010
was primarily due to lower than forecasted production, lower ore grades,
higher smelting and refining charges and development costs at
Guanajuato, and lower ore grades and higher mining costs at Topia.
-- 75% increase in cash cost per silver ounce, net of by-products, for the
fourth quarter of 2010 to US$8.41 from US$4.80 for the fourth quarter of
2009 primarily due to lower than forecast production and ore grades,
general inflation and higher power costs.
-- Updated NI 43-101 compliant mineral resource/reserve estimate for the
Los Pozos, Santa Margarita, and Cata Clavo at the Guanajuato Mine. The
new Measured and Indicated mineral resource contains 5,455,650 silver
equivalent ounces. Inferred mineral resources are estimated at 2,676,924
Ag eq oz. The Measured and Indicated mineral resources include 4,372,000
Ag eq oz categorized as Proven and Probable mineral reserves, using a
cut-off grade of 185 g/t silver equivalent.
-- A successful surface drilling program at the San Ignacio mine property
in Guanajuato commenced during the third quarter of 2010 and is
continuing throughout 2011. A $2.8 million budget has been approved for
2011 to drill approximately 24,000 metres and to prove up as many ounces
as possible in the highly prospective San Ignacio area which has the
potential to be a separate mine.
RECENT DEVELOPMENTS
Good news from the silver kitty-cat! Hanglong.
8. Great Panther Silver
If this stock traded on a major U.S. exchange, it would have placed substantially higher on this list. Because unsponsored pink-sheet offerings carry an unquantifiable element of risk, I have adjusted the standings accordingly. Targeting a 72% growth spurt from 2.2 million silver equivalent ounces (SEOs) in 2009, to 3.8 million ounces by 2012, Great Panther is among my very favorite growth stories in the silver space!
http://www.fool.com/investing/general/2010/12/22/the-top-10-gold-and-silver-stocks-for-2011.aspx
I love these videos on Physcial Silver..
THE SUPER SIMPLE CASE FOR $175 OUNCE SILVER
Silver was down big today....thought the catastrophe in japan would have had an opposite effect
How China Will Drive Silver to $250
http://www.moneymorning.com/publishersseries/Silver_PSSIL02101.pdf
Mike Maloney - Silver Can Hit $1,500 Per Ounce!
Picassa good to see you on 'Great Panther Silver, Ltd. (GPL
thanks, but I do trust you to do your own
dd....bargain Ag safety....
most important for all to do
GPL has a bargain gap to be filled
Keiser Report
http://www.youtube.com/user/RussiaToday#p/u/3/kPXr2EIIveA
http://maxkeiser.com/
http://www.jesseventura.net/conspiracy-theory/s01e01-haarp/
NYBOB I trust you.
AXU, EXK, GPL
Who is the best ?
The Silver Going To Be Ag-bull-missile
March-14-11
Hold on to the hat Alice
Via}dont-tread-on.me
I have a little theory that I’ve been kicking around for a couple of years.
The theory is that there will come a time that you will not be
able to buy silver at any price.
It will not be because there is not any silver around to be
purchased or that silver will not have any value.
I think that we won’t be able to buy silver at any price
because there will be a very sudden and a very dramatic shift in
the perception of silver’s value. A time will come when the
value of silver is so strong and the value of the dollar so
weak, that only a fool would ever trade silver for the dollar.
I have stated in many previous articles that silver is the
Achilles Heel of the Global Power structure.
This honest money will not only bring down the fraudulent banking
system, but it will bring down all of the forces
that are a scourge to humanity.
You see, without a corrupt monetary system, trillions of dollars
will not be available to fight needless wars, fund Wall St
schemes and a myriad of other horrible events.
Right now, we have two separate forces fighting over a precious,
limited and diminishing resource called silver.
In one corner, we have the Elite that know that they have
Quadrillions in paper assets riding on the perceived value
of the dollar.
They use that wealth to control politicians, armies, natural
resources, medias, corporations, capital markets and ultimately
you.
They can sustain unlimited paper losses to keep the game going.
The problem for them is that their infinite money is running
into a very finite world, especially in silver.
In the other corner is an increasingly Aware group of people,
that know that the end is near for the dollar.
Fathers are worrying about how to secure their family’s future
and mothers are concerned about rising food and fuel costs.
Business owners are starting to see that they need to protect their assets.
Investors are worried about rigged markets and inflation destroying their returns.
Corporations are becoming increasingly aware that their market
capitalization might be at risk if they do not have the
materials necessary to make their products.
Even nations like China are seeing the value of this strategic resource.
This Aware group sees that owning tangible assets is the best
strategy to not only defeat this enslaving system, but also to
protect their wealth.
No other tangible asset in the world is as attractive as real, physical silver.
(Read the Silver Bullet and the Silver Shield.)
The Elite use a multi-pronged attack on silver to hold it down.
All of their weapons are nothing more than paper tigers.
The Aware have found that by taking physical delivery of silver,
the Elite’s powerful weapons are rendered useless.
Actually even worse than useless, these paper weapons actually
help the Aware to buy more physical silver at discounted and
subsidized prices, hastening the Elite’s ultimate demise.
Keep those shorts coming and we will keep stacking!
As a result of this battle, the CRIMEX now has less than half of
what it had in registered inventory than it did at the bottom
of the Bear Trap of 2008.
In July of 2008 there were 87 million ounces in the registered CRIMEX vaults.
Today, there is just over 40 million ounces left.
The trend line is dramatically down even as the price of silver spikes up.
Less than $1.5 billion would empty the CRIMEX of the last bit
of silver at current prices.
With no silver to deliver, the jig is up for the Elite.
The Silver Door is closing on this game and I feel it
could happen by the end of this month???
I made the prediction that silver would be $50 by the end
of March but I also said that it might not be available at
any price.
Both of these predictions center around a physical silver default at the CRIMEX.
This would be the equivalent to a bank run where people turn in
their receipts/contracts to get their money/silver only to find
out that there are much more receipts/contracts than there
is money/silver.
We all know that banks run on a fractional reserve banking system. According to whistle blower Andrew Maguire, the CRIMEX/LBMA are trading 45 to 1 paper versus real metal.
The first part of my prediction may have already come true with $50 silver according to this article.
It was reported that Blythe Masters offered a deal that no trader could refuse.
She offered an 80% premium NOT to take physical delivery of silver in March.
The trader was told that JP Morgan could not deliver 20 million ounces
(4,000 contracts) and that if the trader did not take this pay
off, they would be left holding the bag as an unsecured
creditor.
Vito Corleone would have been proud of Blythe with this offer.
Of course this is all rumors at this point, but where there is
smoke, there is fire.
Another interesting twist in this silver saga is noted in
this article form Along the Watchtower.
There are claims that JP Morgue, through silver derivative bets,
could have exponential loses when silver goes above $36.
They estimate that if silver goes to $50 they might be out $40 billion.
And that is IF they don’t cover their shorts!
The article claims JPM has a $170 billion market cap with $40
billion in cash.
That means if silver goes to $50, JPM will be insolvent.
(That is IF the Fed doesn’t give them their own QE3 or IF JP
Morgue does not set up Enron like banks to dump these bad
positions into in the Caribbean.)
We can see the inventory of silver they are able to deliver
is depleting, which is one side of the closing door.
The other side of the closing door is as the silver’s
price rises, the more silver goes into Aware hands.
The further the price of silver rises, the larger the floor there is for the silver market.
Buying silver is not like buying a stock, bond or any other asset.
It almost has a cult like following that is growing stronger every day.
Some buy for the financial opportunities.
Some buy as a way to “stick it to the man.”
Some buy for the honesty of the money.
Some buy as a preservation of wealth.
For me, it is a shot in the next American Revolution for freedom.
There are hundreds of reasons to buy silver but very few
reasons to ever sell for dirty green pieces of paper with
“all seeing eyes.”
The total amount of silver production sold short between the 8
largest banks equals 150 days of world silver production.
If silver starts marching up and these banks are forced to
not only cover their paper shorts, but also deliver the real
physical silver, this will cause the largest short squeeze the
world has ever seen.
This will cause severe dislocations in the world’s economy
to say the least.
I believe will coincide with a crash in all of the world’s fiat currencies.
At that point the Silver Door will then be closed.
Sooner or later the silver door will be shut, as all of
the physical silver sits in the hands of the Aware.
The Aware will not sell until a new paradigm of freedom comes into existence.
They will not care about a world wide military empire.
They will not care about public pensions.
They will not care about vampire squid banks on Wall St.
They will not care about sock puppet politicians and their budgets.
They will not care about propaganda from controlled media.
They will hold, because they will then have the power.
“He who has the silver, makes the rules.” -Chris Duane
When the Silver Door is closed, you will hear a deafening
silence from around the world.
When there is a silver default on the CRIMEX, the Elite will
be forced to admit that they have been playing a huge game
of illusion.
Everyone will then know the world has changed, forever.
Those who do have silver will be awe struck at their new
found wealth they now have.
They will have hit the lottery because the real purchasing
power of their silver will rise astronomically.
They might be able to trade 1 ounce of silver for 1 ounce of gold.
They might be able to pay off their mortgage with a few ounces of silver.
They may be able to buy the entire Dow Jones share for a handful of silver.
“It is better to be 6 years too early than 1 day too late
on this silver rocket.” -Chris Duane
I believe that we are in the beginning of a Mania Phase in
this silver bull market as I said in my article the
Silver Rocket.
If we are in the Mania Phase, the game has changed already.
Things that worked in the past will no longer work in
the future.
Traders that don’t see this sea change will either be left
off of the rocket or burned.
Those that short silver with leverage in the Mania Phase will
be wiped out as the market stays irrational longer than they
can stay solvent.
Ultimately these silver shorts are the ones that will
send silver to the moon because they HAVE to buy or
risk bankruptcy.
Silver traders may sell silver at a “top”.
When they see the silver price keep going higher, they will
get back into the market buying less silver for more money.
They will learn this hard lesson once.
When they get back into the silver market they will stay in.
I have had my run ins with more than one silver trader who
has said that it is frothy and it time to short silver.
The very well respected David Morgan thinks we are going to
have a pull back in silver.
Even one of my favorite analysts of the silver market,
Adam Hamilton of Zealllc., is saying we are in unprecedented
territory as silver is 50% over its 200dma.
Even the very fact that I am spending so much time talking
about silver in this delivery month of March, would seem
very bubble like.
For the reasons stated above and many more, I think we could
be seeing the Silver Door closing.
If that is the case, then these traders could be in a very dangerous space.
I would caution traders that silver has or will decouple from
the control of the Elite into the hands of the Aware.
If you are taking “FRN profits”, that is one thing.
If you are taking “FRN profits”, that is one thing.
If you are shorting silver, like some guys I know, be prepared
to be swept up in the largest short squeeze of all time.
(Remember, you don’t have the luxury of the Fed’s printing press
to back you up.)
If we are truly in the Mania Phase of the Silver Rocket,
there might not be a way back into the market.
If I were buying today and did not have a single ounce,
I would be buying a good first shot right now to have something.
I recommend averaging in on a weekly or monthly basis.
Think of it as just trading your fake digital and paper
money for the real stuff and it becomes less scary.
Find your own comfort level and do your own due diligence.
And for Pete’s sake, don’t panic if a hit does come.
(It looks like they tried last Thursday and Friday.
All of that work shorting silver got reversed in a few hours
to finish 1.7% higher.)
If silver does what it did in 2008 and dumped 60%, would you
have enough confidence in buying more or would you be
selling into that trap?
If you said you would be selling, then don’t buy now or ever,
because you are weak handed. You will have your money taken
from you and be left with no metal.
How sad.
If that happened again would you actually be a little excited
to buy more at a discounted price?
Then get going and buy now. Be sure leave some powder dry
for the smack downs. 10 am EST seems to be a good time to
buy just about everyday thanks to Blythe…
I will sleep soundly regardless if silver dumps or moon shots
in the near term. I have seen this movie before and I know
the ending. All of the dramatic plot twists mean nothing to me.
In the end, the good guys ride off into the sunset with
their girls, guns, and sacks of silver.
Wake Some People Up!
the more volatility - the higher Ag will jump
http://maxkeiser.com/2011/03/13/one-critical-aspect-is-the-effect-on-japans-nuclear-industry-which-provides-over-30-of-the-countrys-electricity-from-54-reactors/
http://www.maxkeiser.com/
http://investorshub.advfn.com/boards/board.aspx?board_id=20139
God Bless
Ivorymagi welcome to Great Panther Silver, Ltd. (GPL
Magi, I think GPL can and you be right happy
How China Will Drive and Hammer Silver to $250
http://www.moneymorning.com/publishersseries/Silver_PSSIL02101.pdf
SILVER Chart Weekly TA $38 level still a Firm Target
Keiser Report: Fed's Reign of Terror (E123)
http://www.maxkeiser.com/
http://investorshub.advfn.com/boards/board.aspx?board_id=20139
God Bless
Hammer1' Welcome to be a mod on 'Great Panther Silver, Ltd. (GPL
How China Will Drive and Hammer Silver to $250
http://www.moneymorning.com/publishersseries/Silver_PSSIL02101.pdf
http://investorshub.advfn.com/boards/board.aspx?board_id=20139
God Bless
GPL filling GAPS and MAKING HEADWAY........this one is SO SOLID......Adding off each low has proven to be a MONEY MAKING SOB.........Hammer......Hey Bob add me as Ass. Mod. TY Im LONG HERE.
SILVER ST short term $38 level still a valid target level
Silver Ag making Higher lows - Higher Highs
the more volatility - the higher Ag will jump
http://maxkeiser.com/2011/03/13/one-critical-aspect-is-the-effect-on-japans-nuclear-industry-which-provides-over-30-of-the-countrys-electricity-from-54-reactors/
http://www.maxkeiser.com/
http://www.greatpanther.com/s/Home.asp
God Bless
Welcome to the board Im. Lots of good folks here.
b4
Very nice recovery. Here's hoping Kitty keeps climbing on Monday. I think I can! I think I can! I think I can.
Magi
You go guy! It's a roller-coaster ride around here...Hang long.
Nice recovery today. Added more in the AM
That's OK B4...We'll make it back today!
There is no rhyme or reason to what these junior miners do...Some actually went up yesterday! Go figure...Hang long.
Dragged by a crazy horse through a field of cactus. Fell into a vat of fish hooks. Ate Famous Dave's "Devil Spit" wings.
Guess I will stay a while.
b4
Me-Ouch! What a bad day for GPL...Can you feel me now?
Hanglong.
"421g/t silver and 3.08g/t gold over 3.80 metres, the Nombre de Dios zone that assayed 854g/t silver and 4.20g/t gold over 1.45 metres, and a footwall stockwork zone with 824g/t silver and 2.10g/t gold over 0.75 metres. Hole ESI11-008, drilled under ESI11-007, intersected three mineralized zones, including the Melladito and the Nombre de Dios zones and a Melladito hanging wall zone that returned 662g/t silver and 1.75g/t gold over 0.50 metres" - that's a great news.. I wonder how much oz. silver they are going to recover..
I take the pullback and adding more! Thanks!!!!
Great Panther Silver Expands Silver-Gold Mineralization at San Ignacio Mine Property, Guanajuato
Mar 10, 2011 12:59:00 PM
Close Ad
Email story | Discuss on ZenoBank | View more ads VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 10, 2011) - GREAT PANTHER SILVER LIMITED (TSX:GPR)(NYSE Amex:GPL) (the "Company") is pleased to announce that initial 2011 diamond drilling at the San Ignacio Mine property, Guanajuato has continued to intersect numerous zones of silver-gold mineralization including the Melladito and Nombre de Dios zones. Accordingly, the Company has awarded a contract for the Phase II drill program to BDW Drilling and has received environmental permits for additional drill sites. The Phase II drilling will consist of approximately 6,700 metres in 18 holes and will continue to test the strike and depth continuity of the mineralization. Applications are being made to permit a third phase of drilling to follow Phase II.
Following the success of the first four drill holes (see news releases dated October 28th, November 15th, and December 21st 2010), ESI11-005 was angled easterly from the first site to test the southerly strike extent of the mineralization beyond holes ESI10-001 and 002. Hole ESI11-005 intersected five silver-gold mineralized zones, including the Melladito and Nombre de Dios zones, a new Melladito hanging wall zone that assayed 1,404g/t silver and 5.04g/t gold over 0.90 metres and a zone between the two principal structures that returned 356g/t silver and 3.77g/t gold over 1.75 metres. A plan map showing the location of Great Panther Silver's San Ignacio drill holes, and interpretative cross sections, are posted on the Company website at www.greatpanther.com.
Hole ESI11-006 was drilled from a station 150 metres west of the first drill station to test the Plateros vein (the vein that hosted the former San Ignacio Mine operation) near surface and the Melladito vein at depth. The most westerly vein intercept, which is not interpreted to be the Plateros vein, but possibly a new zone, returned 175g/t silver and 1.67g/t gold over 1.35 metres, while three deeper zones of silver-gold mineralization appear to correlate with the Melladito vein and the new high grade hanging wall zone intersected in ESI11-005.
The third section of drill-holes, including ESI11-007 and 008, was drilled easterly from a site approximately 50 metres north of the setup for ESI10-003 and 004. Hole ESI11-007 intersected ten mineralized zones including the Melladito zone that returned 421g/t silver and 3.08g/t gold over 3.80 metres, the Nombre de Dios zone that assayed 854g/t silver and 4.20g/t gold over 1.45 metres, and a footwall stockwork zone with 824g/t silver and 2.10g/t gold over 0.75 metres. Hole ESI11-008, drilled under ESI11-007, intersected three mineralized zones, including the Melladito and the Nombre de Dios zones and a Melladito hanging wall zone that returned 662g/t silver and 1.75g/t gold over 0.50 metres. All appear to demonstrate good vertical continuity as they have on the other drill sections. Overall, the mineralization has now been traced by drill core intercepts over a vertical depth of more than 300 metres and a strike length of more than 150 metres.
The Company has started the permit application process, including preparation of an Environmental Impact Assessment, in anticipation of a positive decision to establish a mine portal and drive a decline ramp from surface to access the veins for underground mining. During the course of development, any ore from the San Ignacio Mine property will be trucked to Great Panther Silver's Guanajuato Plant for processing, where the capacity currently exists to double ore throughput.
The San Ignacio Mine property covers approximately four kilometres of strike length on the La Luz vein system, which is parallel to, and five kilometres west of, the principal Veta Madre structure that hosts Great Panther Silver's main Guanajuato mines (see map on website at http://www.greatpanther.com/i/pdf/GTO-SanIgnacio-LocationMap.pdf).
Highlights of Drill Holes ESI11-005 to 008:
---------------------------------------------------------------------------
Hole From To Width Au g/t Ag g/t Zone
---------------------------------------------------------------------------
ESI-10-005 92.10 93.00 0.90 5.04 1,404 HW
---------------------------------------------------------------------------
119.50 123.00 3.50 2.18 85 Melladito
---------------------------------------------------------------------------
198.90 200.65 1.75 3.77 356
---------------------------------------------------------------------------
243.85 245.55 1.70 2.49 124 N de Dios
---------------------------------------------------------------------------
247.80 248.55 0.75 6.30 126
---------------------------------------------------------------------------
ESI-11-006 71.80 73.15 1.35 1.67 175
---------------------------------------------------------------------------
433.85 436.10 2.25 0.39 125 HW?
---------------------------------------------------------------------------
469.75 470.35 0.60 4.64 286 HW?
---------------------------------------------------------------------------
505.80 506.95 1.15 2.43 168 Melladito?
---------------------------------------------------------------------------
ESI-11-007 167.80 171.60 3.80 3.08 421 Melladito
---------------------------------------------------------------------------
212.70 213.30 0.60 2.86 688
---------------------------------------------------------------------------
230.95 233.35 2.40 1.69 655
---------------------------------------------------------------------------
258.00 259.30 1.30 1.03 251
---------------------------------------------------------------------------
262.65 264.10 1.45 4.20 854 N de Dios
---------------------------------------------------------------------------
296.50 298.40 1.90 2.34 198
---------------------------------------------------------------------------
317.20 318.10 0.90 1.10 364
---------------------------------------------------------------------------
346.70 347.20 0.50 1.60 805
---------------------------------------------------------------------------
385.15 385.90 0.75 2.10 824 FW
---------------------------------------------------------------------------
405.60 406.80 1.20 1.63 513
---------------------------------------------------------------------------
ESI-11-008 205.15 205.65 0.50 1.75 662 HW?
---------------------------------------------------------------------------
249.80 250.40 0.60 0.73 60 Melladito
---------------------------------------------------------------------------
414.60 417.25 2.65 0.83 147 N de Dios
---------------------------------------------------------------------------
Robert F. Brown, P. Eng. and Vice President of Exploration for the Company is the Qualified Person for the Guanajuato Mine, under the meaning of NI 43-101. A full QA/QC program is being followed including the regular insertion of splits, blanks, and standards into the core sampling sequence. Analysis of the drill core samples is being conducted at the Guanajuato Mine on-site laboratory, independently operated by SGS.
ON BEHALF OF THE BOARD
Robert A. Archer, President & CEO
This news release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of the Securities Act (Ontario) (together, "forward-looking statements"). Such forward-looking statements may include but are not limited to the Company's plans for production at its Guanajuato and Topia Mines in Mexico, exploring its other properties in Mexico, the overall economic potential of its properties, the availability of adequate financing and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements expressed or implied by such forward-looking statements to be materially different. Such factors include, among others, risks and uncertainties relating to potential political risks involving the Company's operations in a foreign jurisdiction, uncertainty of production and cost estimates and the potential for unexpected costs and expenses, physical risks inherent in mining operations, currency fluctuations, fluctuations in the price of silver, gold and base metals, completion of economic evaluations, changes in project parameters as plans continue to be refined, the inability or failure to obtain adequate financing on a timely basis, and other risks and uncertainties, including those described in the Company's Annual Report on Form 20-F for the year ended December 31, 2009 and reports on Form 6-K filed with the Securities and Exchange Commission and available at www.sec.gov and Material Change Reports filed with the Canadian Securities Administrators and available at www.sedar.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
B&D Capital
604 685 6465
Fax: 604 899 4303(FAX)
info@greatpanther.com
www.greatpanther.com
Source: Great Panther Silver Limited
----------------------------------------------
B&D Capital
604 685 6465
Fax: 604 899 4303(FAX)
info@greatpanther.com
www.greatpanther.com
I got in two weeks ago.. looks like we have to go thru a bit of dillution before a new leg-up..
Yes, I have 1000 shares but I need more! Go GPL!!!
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Great Panther Silver, Ltd. (GPL:NYSE)
Great Panther Silver NYSE Closing Bell
25 Feb 2011
http://www.youtube.com/watch?v=u98FrGvEiug
Members of Great Panther Silver rang the NYSE Closing Bell
on Friday February 25, 2011 to celebrate the company's
listing on NYSE Amex.
http://www.greatpanther.com/s/Home.asp
Management |
Corporate Governance - Board Committees |
Corporate Social Responsibility |
Financial Statements |
AGM Information |
Corporate Directory |
Great Panther
Management |
Corporate Governance - Board Committees |
Corporate Social Responsibility |
Financial Statements |
AGM Information |
Corporate Directory |
Overview | |
The Guanajuato Mine Complex is Great Panther Silver's flagship operation. The property consists of 28 claims, totalling 1,107 hectares. The concessions are 100% owned by Great Panther's Mexican subsidiary, Minera Mexicana El Rosario, S.A. de C.V. The main claim block covers 4.2 km of the highly significant Veta Madre vein structure and is located on the Central Plateau of Mexico in the State of Guanajuato. The City of Guanajuato, where the mines are located, is 380 km by road northwest of Mexico City and is serviced by an international airport near the city of Leon. The Guanajuato Mine Complex is managed by Andrew Sharp, General Manager. Robert F. Brown, P. Eng., Vice President of Exploration for the Company is the Qualified Person for both the Guanajuato mine and the Topia mine, under the meaning of NI 43-101. Charles Brown, Chief Operating Officer, oversees aspects of Great Panther Silver's mines relating to mining and metallurgy. | |
You can view the Next Guanajuato Mine Complex item: Production & Operating Statistics |
http://www.greatpanther.com/s/Home.asp
Business Description:
The company has combined highly-experienced international
management and ready access to capital to invest in
silver & gold projects in Mexico.
They recently acquired the Topia Silver Mine in
Durango State & the Santa Fe Silver-Gold Mines
in Guanajuato.
Address:
1177 West Hastings Street, Suite 2100,
Vancouver, BC, CN V6E 2K3
Telephone:
(604) 608-1766
Website:
http://www.greatpanther.com
Facsimile:
(604) 608-1744
Email:
info@greatpanther.com
Great Panther Silver Ltd (G3U:GR)
Industry: Silver Mining • Frankfurt • Currency: EUR
http://www.bloomberg.com/apps/quote?ticker=G3U:GR
http://www.ivarkreuger.com/metalcharts.htm
http://www.greatpanther.com/s/Guanajuato_Photos-Maps.asp
http://www.greatpanther.com/s/TopiaMine_Photos-Maps.asp
http://www.walkaboutventures.com/
http://www.kitco.com/images/live/silver.gif
Ponzi scheme - Fiat money - made out of nothing -
http://video.google.com/videoplay?docid=-8484911570371055528&q=creature+jeckyll&ei=c8kMSKSjJZPE2AKU2826BA#
FED - Power Center - Created @ NWO -
Ron Paul: "It's criminal."
http://www.youtube.com/watch?v=Wn8Cuy0F32o&feature=player_embedded
On the Edge with Dr. Paul Craig Roberts 12.10.10. Max Keiser
http://www.silverbearcafe.com/private/12.10/roberts12-10.html
WHY AREN'T THE BANKSTERS IN JAIL? -
IS IT NO LAW OR POLICE IN USA? -
WHY WAS THE HUNT BROTHERS TAKEN TO JAIL? -
AND WHY ISN'T THE BANKSTERS? -
NO EQUAL LAW FOR ALL PEOPLE IN THE USA? -
THE BANKSTERS ALLOWED TO CORNER THE SILVER MARKET? -
DO THE BANKSTERS HAVE MORE RIGHTS THAN THE HUNT BROTHERS? -
TO CORNER THE SILVER MARKET? -
ARE THE MARKET ALLOWED TO BE CORNED ON THE DOWNSIDE? -
BUT NOT ALLOWED TO BE CORNED ON THE UPSIDE? -
ARE THE BANKSTERS THE KINGS AND EMPERORS IN USA WITH SPEC. RIGHTS
TO RIDE WITH SPECIAL BOLSHEVIKS LAWS? -
FIRE ALL POLITICIANS THE PEOPLE DON'T NEED? -
DO THE PEOPLE NEED ANYONE OF THE 666 EVILS?
HAVE THE USA BECOME THE NEXT USSR? - WITH -
SUPER RED BOLSHEVIKS BANKSTERS COMMISSARS -
IS US THE COPYCAT OF USSR? -
IS IT THE PEOPLE WHO WANT THE US TO BE USSR?
btw.
the above Q.s are only a few of the reflexion going on
in my mind when I read the below link -
thanks for the info -
JP Morgan Admits To, Reduces Massive Silver Short Position, Proves Millions Of Conspiracy Theorists Correct
Be sure to read comments at end....Something seems off to me ,or just to good to be true!!
http://www.zerohedge.com/article/jp-morgan-admits-defeat-cuts-silver-short-position-proves-millions-conspiracy-theorists-abso
We need to crash the entire Federal Reserve -
Crash JP Morgan Buy Silver (*)
http://maxkeiser.com/
CUSIP# - importance of it
http://bit.ly/f9qBAo
Zionists or no Zionists...the IRS is an abomination on the American people.
http://www.veteranstoday.com/2010/12/05/jb-campbell-jewish-extortion/
by Montanore thanks for info ~<smile
Btw. please, pass it along >>>>>>>>>>>>>>>>>
TIA
~<smile
www.silverbearcafe.com/
In case you missed it. Watch this! -
INFO VIDEO: Naked Short Selling Part 1
http://www.youtube.com/watch?v=Bfi3Hxasm2s
INFO VIDEO: Naked Short Selling Part 2
http://www.youtube.com/watch?v=RYUU2qZOcM0
INFO VIDEO: Naked Short Selling Part 3
http://www.youtube.com/watch?v=taLhQoTvTLw
http://www.bloomberg.com/avp/avp.htm?clipSRC=mms://media2.bloomberg.com/cache/vIrfhgQPAJ1s.asf
Money Masters: Federal Reserve History part 1 of 3
http://video.google.com/videoplay?docid=8442305921010099392&q=conspiracy
Money Masters: Federal Reserve History part 2 of 3
http://video.google.com/videoplay?docid=5020331178524208549&q=conspiracy
Money Masters: Federal Reserve History part 3 of 3
http://video.google.com/videoplay?docid=6666372716915416357&q=conspiracy
Money, Banking & The Federal Reserve -
http://video.google.ca/videoplay?docid=1349705906064948002&q=gold+money
A must see video clip on the Federal Reserve -
and the current state of the Dollar...
http://www.freedomtofascism.com/blog/2006/12/michael-badnarik-on-federal-reserve.html
A good presentation of market is explaned -
in below link -
http://www.businessjive.com/nss/darkside.html
http://www.ipetitions.com/petition/AFTF_P_1/
To: SEC, U.S. Congress -
Market Reform Petition -
http://www.petitiononline.com/mrktrfrm/petition-sign.html
Whoa! 40 new Sinatures! C'mon everybody -
Spread this around and Lets Get it Off to Congress! -
http://www.petitiononline.com/mrktrfrm/petition.html
by: fish777 - thanks!
TIA!
http://www.goldrush21.com/
http://www.netcastdaily.com/broadcast/fsn2006-1118-1.m3u
http://www.netcastdaily.com/broadcast/fsn2006-1202-2b.m3u
http://www.netcastdaily.com/broadcast/fsn2006-1202-2c.m3u
Those who make peaceful REVOLUTION impossible will
make violent REVOLUTION inevitable.
- John F. Kennedy
Shut Down The Federal Reserve: Save America!
http://www.ipetitions.com/petition/AFTF_P_1/
†With God all things are possible†
by: todd h
ROB-TV in exposing the Gold price suppression scheme -
http://www.youtube.com/watch?v=GbPetrK_6Lc&mode=related&search=
Join GATA -
http://www.GATA.org.
Gold Show -
2007 Vancouver Resource Investment Conference
Vancouver Convention and Exhibition Centre
Sunday and Monday, January 21 and 22, 2007
http://www.cambridgeconferences.com/ch_jan2007.html
The Fiat Money System -
Dr. Bill Veith in studio w/ Alex Jones -
http://tinyurl.com/y3gdzh
Has the 666 destroyed the US$? -
http://globalfire.tv/nj/07en/globalism/us_insolvent.htm
HON. RON PAUL OF TEXAS -
Before the U.S. House of Representatives -
The End of Dollar Hegemony -
http://tinyurl.com/uq9kf
Please pass it along >>>>>>>>>>>>>>>>>>>>>>>>>>>>>
DISCLAIMER
Nothing in the contents transmitted on this board should be construed as an investment advisory, nor should it be used to make investment decisions. There is no express or implied solicitation to buy or sell securities. The author(s) may have positions in the stocks discussed and may trade in the stocks mentioned. Readers are advised to conduct their own due diligence prior to considering buying or selling any stock. All information should be considered for information purposes only. No stock exchange has approved or disapproved of the information
Your opinions are appreciated -
Welcome TIA
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