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GOLDCORP INC (NYSE: GG) Last Trade: $44.34 Trade Time: Jun 26
Prev Close: 44.34
1y Target Est: 48.08
Gold Spot (FOREX:XAUUSDO) -
dd....
http://www.goldcorp.com
God Bless America
Gold for pension funds -
http://www.pensions.gold.org/
God Bless
Nobel laureate Mundell predicts dollar crisis
http://archive.gulfnews.com/articles/08/06/04/10218232.html
06/04/2008 08:08 PM | Reuters
Valencia: A major dollar crisis could come within five years and China is discussing reforms to the global monetary system to protect its $1.6 trillion reserves pile, says Nobel Prize-winning economist Robert Mundell.
Mundell, who has regular contacts with Beijing officials, said they are considering proposing ways to fix major currencies including the dollar and the euro, in a system similar to the one which operated under the Bretton Woods agreement from the end of Second World War until the 1970s.
"There's no doubt about it that inside the Chinese government there's a lot of discussion going on. I'm not sure how they're doing it but I know they're going to get an input from me," Mundell told Reuters in an interview.
Without reform, the global monetary system is headed for a dollar crisis within years, Mundell believes. However, he thinks the United States will avoid a technical recession during the current downturn and that the weak dollar will help it to make a recovery around autumn of this year.
But its growing liabilities accumulated by its current account deficit means that it will eventually pay a high price if the current monetary set-up continues, he said. "I see the problem coming maybe in the next recession," he said. "There could be a real dollar crisis in five years."
China is worried about its pile of about $1.6 trillion in foreign reserves, built up during years of US trade deficits, which loses value as the greenback depreciates.
"What you need to have is an International Monetary Fund that's going to take some of these excess dollars, put them into a substitution account inside the IMF or some other institution and then use that and create what is a new international currency," said Mundell. "This kind of proposal would be very acceptable inside China. The Chinese are thinking in terms of this," he said.
Mundell, awarded the Nobel Prize for Economics in 1999 for his work on exchange rates and optimum currency areas, travels regularly to China, where he has advised senior government officials.
For years, China has come under pressure from US and European authorities to allow its currency, the yuan, to appreciate, in order to make Western goods more competitive. But Beijing has resisted.
"They don't have many pre-conceptions. They don't have a belief obviously that floating is a good idea, whereas the European Central Bank and the Americans think that floating is the best of all possible worlds," Mundell said.
Fixing exchange rates would favour the euro zone, which is now battling with a euro at around record highs against the dollar, said Mundell, who has often been referred to as one of the intellectual fathers of the single European currency.
God Bless
Third drill added to test primary Geraldton Project gold targets: more surface work, drilling scheduled for Northern Empire
Thursday May 29, 8:30 am ET
http://biz.yahoo.com/cnw/080529/e_roxmark_drilling.html?.v=1
TORONTO, May 29 /CNW Telbec/ -
Roxmark Mines Limited (TSXV-RMK)
today announced that Premier Gold Mines Limited (TSX-G), as
operator, has added a third drill to accelerate exploration
at the Geraldton Project in Northwestern Ontario.
To date, gold has been discovered in the first three targets tested as part of the ongoing program. Drilling has now moved to test the primary two targets of the program, while one drill continues to expand on mineralization identified in the recently discovered zones.
Discoveries so far include two broad parallel (open pit style) horizons and high-grade veins located proximal to the historic Little Long Lac Gold Mine. Results include 39.64g/t Au (1.16 oz/ton) across 2.0 metres contained within a wider zone of mineralization which returned 5.87g/t Au across 16.0 metres, and 42.97g/t Au (1.25 oz/ton) across 1.0 metre contained within a wider zone of mineralization which returned 2.01g/t Au across 101.0 metres. Drilling has recently intersected significant visible gold in the western-most section drilled in the No.11 Vein Zone.
Despite early successes, the two primary targets in the current Phase I program, the "Mine Repetition" and the Talmora Anticline Zone ("TAZ"), remain untested. The Mine Repetition target represents the fault offset of the host horizon of the historic Little Long Lac Gold Mine from which more than 600,000 ounces of gold were produced during the period 1934-53 at an average recovered grade of 11.66g/t Au. The TAZ target is a large untested fold structure similar to those that host the largest mines in the district.
Premier holds the option to acquire up to a 70% interest in the Geraldton Project from Roxmark by making cash and share payments to Roxmark, and performing exploration on the Project. The current Phase I drilling is part of an ongoing minimum $2.5 Million exploration program aimed at confirming Premier's belief that numerous untested prospective areas of the property could host additional gold mineralization. A systematic drill program is being carried out at Little Long Lac in an effort to discover new zones and to establish gold resources in the Kailey, the No.9, No.10, and No.11 Vein zones.
The Geraldton Project is located in the heart of the Beardmore-Geraldton Greenstone Belt, a highly prospective high-grade gold district that has seen relatively little exploration over the past several decades. The Project area covers approximately 10 kilometres of some of the most prospective geology in the region and is host to three past-producing mines and numerous exploration targets in a district that has seen historic production of more than 4.1 million ounces of gold.
Stephen McGibbon, P.Geo. is the Qualified Person for the information contained in this news release within the meaning of National Instrument 43-101. Core from Geraldton is sent to Accurassay Laboratories, an accredited mineral analysis laboratory in Thunder Bay, Ontario, for preparation and analysis utilizing both fire assay and screen metallic methods.
The Northern Empire Gold Mine
-----------------------------
Northern Empire West Extension
Roxmark is currently preparing to resume a surface program on properties acquired late in the summer of 2007 that are along the strike of the Northern Empire gold mineralization. The exploration program will consist of surface stripping, geological mapping and channel sampling.
Northern Empire Property
Roxmark has completed a surface drilling program aimed at expanding the gold mineralization of the Contact Zone. Seventy-seven drill holes were drilled for a total of 8,385 metres. The program was increased, to follow the mineralization, by 35% from the projected target of 6,200 metres. Preliminary results were announced in a news release dated May 6, 2008. Gold intersections were obtained from the Contact and Power Zones as well as the Iron Formation and Foot Wall Zones. The drilling program is being supervised by Peter Bevan, P.Eng, a Qualified Person. Additional results will be announced when available. A complete assessment and the extent of the final results will be available in the near future.
A follow up to the exploratory drilling program is being planned for the summer of 2008 to expose surface gold mineralization. Several areas of interest along a strike length of 1,250 have been outlined from drilling which require stripping and channel sampling.
The Northern Empire Mine was operated by Newmont Mines from 1934 to 1941 and was serviced by a shaft to a depth of 2,460 feet, producing 149,000 ounces of gold from 426,000 tons of ore at a recovered grade of 0.35 oz/t Au. The onsite 200TPD mill (expandable to 500TPD) was built in 1982 and upgraded and permitted by Roxmark.
About Roxmark Mines
Roxmark Mines Limited is the leader in gold and molybdenum exploration and development in the historically significant Geraldton-Beardmore area of Northwest Ontario. In the last two years, Roxmark has generated cash flow from bulk-sampled gold and molybdenum processed at its fully-permitted mill and has the advantage of infrastructure from six formerly highly productive gold mines located on its properties. These mines previously produced nearly two million ounces of gold from high grade ore but were closed primarily due to dramatically lower gold prices at the time and to boundary issues, since eliminated.
Further information is available on the Company's website at www.roxmark.com and on SEDAR under the Company's profile at www.sedar.com.
Forward-Looking Statements
This news release includes certain "forward-looking statements". Such forward-looking statements involve risks and uncertainties. The results or events predicted in these forward-looking statements may differ materially from actual results or events. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the content of this news
release.
For further information
Monir Younan, President, Roxmark Mines Limited, (416) 860-1636, (416) 360-7355, roxmark@on.aibn.com, www.roxmark.com
Renmark Financial Communications Inc.: Christine Stewart: cstewart@renmarkfinancial.com
Barbara Komorowski: bkomorowski@renmarkfinancial.com, (514) 939-3989, Fax: (514) 939-3717, www.renmarkfinancial.com
Source: ROXMARK MINES LIMITED
http://investorshub.advfn.com/boards/board.aspx?board_id=1499
Venezuela stops open-pits and gold mines
http://www.reuters.com/article/rbssIndustryMaterialsUtilitiesNews/idUSN1531925120080515
Gemini Explorations, Colombia, risk/reward ratio is very favorable. GXPI COlombian Exploratory company is about to turn into full operations. THe press release is imminent, and all kinds of things are about to break. The chart has retained technical strength. Strongly recommend gold lovers who have a little risk money get into this one ASAP for a long term hold until about April 2009. Its already up 30% since last week in anticipation of the announcements. I strongly recommend looking into GXPI and acting quickly before the word spreads too far. Good , active message boards here and at yahoo.
Alan Greenspan finally got a real job advising -
Deutsche Bank's securities division. [Bloomberg]
http://tinyurl.com/2xbpq7
Greenspan Urges Gulf States To Abandon Dollar? -
http://tinyurl.com/25dt5h
http://www.prisonplanet.com/articles/feb...
The Deutsche Bank - don't they have a lot Gold -
and few old bucky?
Got Goldcorp GG Long Term Safety -
http://www.goldcorp.com
"Our strong performance in the fourth qu....more info....
http://tinyurl.com/36rla4
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 21, 2008) -
All Amounts in $US unless stated otherwise.
GOLDCORP INC. (TSX:G)(NYSE:GG) today reported record net earnings of $256.5 million, or $0.36 per share, for the quarter ended December 31, 2007 and $460.1 million or $0.65 per share, for the year. Production in 2007 increased 35% to 2,292,600 gold ounces at a total cash cost of $163 per ounce.
Fourth Quarter 2007 Highlights:
- Revenues increased 42% to $679.8 million.
- Gold production increased 9% to 638,900 ounces(2).
- Total cash costs of $195 per gold ounce(2),(3), net of by-product copper and silver credits.
- Operating cash flow of $327.1 million, before changes in working capital(4).
- Reaffirms 2008 guidance of approximately 2.6 million gold ounces at a total cash cost of $250 per ounce.
2007 Full-Year Highlights
- Enhanced position as top gold producer in Canada by acquiring 100% ownership of Musselwhite and Porcupine mines in Ontario.
- Approved Penasquito expansion to 130,000 tonnes per day.
- Increased gold reserves 9% and silver reserves 37%.
- Completed portfolio simplification initiative by disposing of non-core assets: Peak, Amapari and 50% stake in La Coipa.
- Sold entire investment in Silver Wheaton to syndicate of underwriters for cash proceeds of approximately $1.6 billion, received February 14, 2008.
- Paid $126.9 million in dividends.
God Bless America
Ps.
Judge for yourself and then decide whether you wish
to join the strike.
WE ARE CHANGE!!!
http://tinyurl.com/3d2yhn
Constitution Class taught by
The 2004 Libertarian Presidential Candidate,
Michael Badnarik teaches his famous class about
the Constitution....
http://tinyurl.com/cbg4n
http://lighthouse57.com/RonPaul.htm
history often repeat itself -
http://tinyurl.com/y824mv
Sentiment : Strong Buy
Goldcorp Inc. (GG) - At 1:21PM ET: $43.79
Up $1.52 (3.60%)
GG Chart Alert LT breakout start -
GG chart compared to ABX Barrick and
NEM Newmont
God Bless America
Ps.
Judge for yourself and then decide whether you wish
to join the strike.
WE ARE CHANGE!!!
http://tinyurl.com/3d2yhn
Constitution Class taught by
The 2004 Libertarian Presidential Candidate,
Michael Badnarik teaches his famous class about
the Constitution....
http://tinyurl.com/cbg4n
http://lighthouse57.com/RonPaul.htm
history often repeat itself -
http://tinyurl.com/y824mv
GOLDCORP INC 4:00:48 PM EST
Symbol GG US N 40.35 - +$1.24
16,487,806
GG SChart Signal breakout start -
--
Judge for yourself and then decide whether you wish -
to join the strike.
WE ARE CHANGE!!!
Goldcorp shareholders have enjoyed about 100% interest/year+ -
on the Goldcorp LT investments over last 10 years +
the Goldcorp gives good dividends -
Goldcorp dividends -
http://www.goldcorp.com/investors/financials/
http://www.goldcorp.com/investors/presentations/
Goldcorp has been like Blessing for the shareholders -
Got Goldcorp Gold Safety -
http://www.goldcorp.com
God Bless
Goldcorp After Hours: $ 36.4375 - 0.1975 (+0.54%)
Volume: 1.6 k
4:05 PM EST Feb 14, 2008
Another DIV in the sack, go GG, swinging up again -
http://investorshub.advfn.com/boards/quotes.asp?ticker=GG
Goldcorp....safety..dd..
http://www.goldcorp.com
God Bless America
What about imf....polo-ticz super red -
owg bureaucracy bolshevikz -
the Freedom and Liberty destroyers -
Sunday, February 10, 2008
In The News
Author: Jim Sinclair
The following is the history of the IMF and their gold shares.
It is important to note that their sales all have taken place
at times when major bull markets were either just beginning
or, as in 1976-1980, at the start of the major parabolic
move to then all time highs.
Now you know why I said our friends from 2002 Chung Phat
and Dr, No are high-fiving at the news that the biggest
dopes in gold are about to prove their status beyond
any doubt once again.
How and when the IMF used gold:
Outflows of gold from the IMF's holdings occurred under
the original Articles of Agreement through sales of gold
for currency, and via payments of remuneration and interest.
Since the Second Amendment of the Articles of Agreement,
outflows of gold can only occur through outright sales.
Key gold transactions included:
* Sales for replenishment (1957–70).
The IMF sold gold on several occasions during this period
to replenish its holdings of currencies.
* South African gold (1970–71).
The IMF sold gold to members in amounts roughly
corresponding to those purchased in these years from
South Africa.
* Investment in U.S. government securities (1956–72).
In order to generate income to offset operational deficits,
some IMF gold was sold to the United States and the
proceeds invested in U.S. government securities.
Subsequently, a significant buildup of IMF reserves
prompted the IMF to reacquire this gold from
the U.S. government.
* Auctions and " restitution" sales (1976–80).
The IMF sold approximately one third (50 million ounces)
of its then-existing gold holdings following an agreement
by its members to reduce the role of gold in the
international monetary system.
Half of this amount was sold in restitution to members at
the then-official price of SDR 35 per ounce;
the other half was auctioned to the market to finance
the Trust Fund, which supported concessional lending by
the IMF to low-income countries.
* Off-market transactions in gold (1999–2000).
In December 1999, the Executive Board authorized
off-market transactions in gold of up to 14 million ounces
to help finance IMF participation in the Heavily Indebted
Poor Countries (HIPC) Initiative.
Between December 1999 and April 2000, separate but
closely linked transactions involving a total of
12.9 million ounces of gold were carried out between
the IMF and two members (Brazil and Mexico) that had
financial obligations falling due to the IMF.
In the first step, the IMF sold gold to the member at
the prevailing market price and the profits were placed
in a special account invested for the benefit of the
HIPC Initiative.
In the second step, the IMF immediately accepted back,
at the same market price, the same amount of gold from
the member in settlement of that member's financial
obligations.
The net effect of these transactions was to leave the
balance of the IMF's holdings of physical gold unchanged.
More…
http://www.imf.org/external/index.htm
Should they sell in April of 2008 then gold is going to
the next Angel above $1650.
That is the only implication IMF sales have to the price
of gold.
It has been the most powerfully bullish event every time
they have done it, and will be again.
If any newcomer to gold sees the IMF news as a reason to
sell gold these newcomers are as DOPEY as the IMF has
proved to be every time, time and time again.
Respectfully,
Jim
Got Gold Safety..dd....
http://www.goldcorp.com
God Bless America -
Dominic Frisby: Is the gold price really being manipulated?
Submitted by cpowell on Wed, 2008-02-06 17:26. Section: Daily Dispatches
By Dominic Frisby
MoneyWeek.com, London
Wednesday, February 6, 2008
http://www.moneyweek.com/file/41862/is-the-gold-price-really-being-manip...
Most hardcore gold bugs will tell you the gold price is manipulated -- or that the authorities at least attempt to manipulate it.
Our Glorious Leader, Gordon Brown's gold sale was, apparently, all part of a scheme to suppress the price -- otherwise he would not have sold it when he did and in the way he did, would he?
Of course, it doesn’t occur to them that this might just have been down to plain old incompetence. Judging by other government fiascos like the tax credits system and the Northern Rock debacle, the incompetence argument certainly carries a lot of weight.
But let's not dismiss the conspiracy theories too hastily. ...
Is the gold price being manipulated?
I can categorically state, with 100% confidence, I don't know. But far greater minds that mine have studied the matter for many years and in great detail. People like GoldMoney founder James Turk, Gold Anti-Trust Action Committee (GATA) chairman Bill Murphy, and fellow GATA member Chris Powell.
They are convinced it is at least "managed." And to be honest, when you follow their research and reasoning, the case is extremely compelling. (There's far too much to go into detail here, but it's well worth visiting www.GATA.org to learn more).
On the other hand, the strongest case I have been able to find against the existence of gold-price fixing isn't exactly watertight. It boils down to dismissing the whole thing as "just a conspiracy theory" and arguing that the perpetrators of the conspiracy are cranks, crackpots, and Cassandras. (Cassandra, in case you're not up-to-the-minute on your Greek mythology, was a princess who was given the ability to see the future, but was also cursed so that no one would believe her predictions. So deriding someone as a Cassandra is actually admitting that he's right).
Even so, I have some sympathy with this view. I belong to the school of thought which says, "Never ascribe to malice that which can be explained as incompetence," as my comments on Gordon Brown might suggest.
However, I do not believe that men as intelligent as James Turk, who I have interviewed many times on my radio show, would devote a lifetime's research, study, and endeavour, let alone face so much criticism, to prove something, if there wasn't more than a grain of truth to it.
So, to conclude, I think there's something to it.
...The gold conspiracy hits the mainstream
And here's an interesting thing. Last Thursday GATA spent a quarter of a million dollars buying a full-page ad in the Wall Street Journal, which you can read here --
http://www.gata.org/node/wallstreetjournal
-- entitled, "Anybody Seen Our Gold?"
In the ad, they declare that US gold reserves have not been audited for over 50 years and they call for the US government, via the Freedom Of Information Act, to come clean about how much gold it really has.
The first thing to note about this is how expensive advertising space is in The Wall Street Journal. The second is that it put gold in the mainstream news, if only for a day. The third is that the following day, after rallying to an all-time high during London trading, the gold price was absolutely hammered down in a big way.
A coincidence? Maybe.
A rising gold price says to the world that "something is rotten in the state of Denmark." People buy gold when they’re scared that the financial system isn't working correctly, and there’s plenty of evidence of that. We know the banking world is trying to conceal the rot. They surely wouldn't have wanted the gold price rising to record highs just as the mainstream press was talking about that frighteningly expensive ad in The Wall Street Journal.
Where next for gold, though?
Short-term traders, a re-test of $850 an ounce is more than possible -- as is a breakout to new highs. Without wishing to state the obvious, it's a gamble. A friend of mine made a small fortune shorting this market on Friday. Me? I thought he was barmy. Short this market? You're better off picking a fight with David Haye.
* * *
Join GATA here:
Phoenix Resource Investment Conference
Saturday-Sunday, February 9-10, 2008
Renaissance Phoenix Glendale Hotel
http://www.cambridgeconferences.com/ch_phoenix2008.html
GATA Goes to Washington -- Anybody Seen Our Gold?
Thursday-Saturday, April 17-19, 2008
Hyatt Regency Crystal City, Arlington, Virginia
http://www.gata.org/washington
* * *
Help Keep GATA Going
GATA is a civil rights and educational organization
based in the United States and tax-exempt under the
U.S. Internal Revenue Code. Its e-mail dispatches are
free, and you can subscribe at http://www.gata.org/.
GATA is grateful for financial contributions, which
are federally tax-deductible in the United States.
Goldcorp compared to Barrick and Newmont - were do you want to be -
Goldcorp paying dividends -
Legend in record US chart dd - -
http://www.goldcorp.com
Imo. Tia.
God Bless America
http://investorshub.advfn.com/boards/board.asp?board_id=5404
Gold $gold PF chart bullish price objective $1,125.--/oz -
The break in IT cables has caused disruption to POG Gold -
to net services -
in the Middle East and India -
http://news.bbc.co.uk/2/hi/technology/7228315.stm
The cause is still not known.
Repairs will involve a team of about 50 people, including
navigation experts and cable engineers, said Flag Telecom.
The ship that will repair the first severed cable is already
in place, with repairs underway, while the second vessel
is expected to begin work on Tuesday.
Bespoke ships
"It will be a highly technical job and should take a week
to complete," a spokesperson for Flag Telecom told
the BBC News website.
The cause of the damage has not been officially confirmed
but there have been reports that the breaks were related
to a tanker dragging its anchor along the sea bed.
Disruption after web cables cut -
to biggest Gold buyers in the world -
Indian call centre workers -
The outsourcing industry has so far seen few problems
Firms across the Middle East, India and Bangladesh are
experiencing disruption after undersea broadband cables
were damaged between Egypt and Italy.
http://news.bbc.co.uk/2/hi/business/7222411.stm
The more manipulations to the POG -
the Higher POG will FLY -
I have no concern whatsoever with regards to the gold market.
I see this all as noise as gold heads to $1650.
Isn't $1065 quite close to $1050?
I imagine Mr. Hulbert's price objective is a compliment.
The coming gold surge
Commentary: There are plenty of factors aligned to drive prices up
By Sean Brodrick, Money and Markets
Last update: 12:01 a.m. EST Feb. 4, 2008
JUPITER, Fla. (MarketWatch) -- Gold has enjoyed a great run
over the past few years, but it hasn't been a straight path.
There have been enough dips and outright plunges to make gold
traders feel like they're riding the devil's own roller
coaster.
But one strategy has worked time and time again:
Buy the dips.
It takes courage to buy when everyone else is selling.
But if you do your research, you can act with confidence
that even if gold dips lower than you're buying it,
the upside potential is huge.
My preliminary price objective for gold is $1,065 per ounce,
and it could go a lot higher than that.
Let's look at some forces driving precious metals higher.
gold production fell to a 10-year low of 2,444 metric tonnes
in 2007, according to Gold Fields Mineral Service.
This year, production will likely drop again.
While China is producing more gold -- up 12% --
South Africa's output is falling off a cliff, down 8.1%.
Gold miners are exploring frantically, but the mother lodes
are getting harder to find. This should drive consolidation
in the industry going forward as the big companies gobble
up the smaller fish to replace their reserves.
Imo. Tia.
More…
http://www.jsmineset.com/
God Bless
http://investorshub.advfn.com/boards/board.asp?board_id=5404
http://investorshub.advfn.com/boards/board.asp?board_id=4784
http://investorshub.advfn.com/boards/board.asp?board_id=5408
There's Just Not Enough Gold; Modeling A Dollar Flight To Gold -
By Doug Dillon
Jan 17 2008 2:47PM
A significant rise in inflation has been seen (and can
be expected to continue) given the double-digit growth of
the money supply now occurring in the US, the EU and other
G-20 economies
(see http://www.financialsense.com/fsu/editorials/dorsch/2008/0102.html).
A flight from the dollar to gold is now expected by
many observers and is even being covered
by mainstream newspapers
(see http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/01/06/ccgold106.xml&CMP=ILC-mostviewedbox).
This article models, in a simple fashion, a dollar flight
to gold’s impact on the price of gold.
This growth in the money supply has actually been taking
place since the mid-1990s. The excess money has to go
somewhere and since the mid-1990s it has found its way
into the Internet stocks producing a bubble and, following
that, into the recent housing market causing the
housing / subprime-mortgage bubble.
This article concludes with some thoughts about how gold
differs from the Internet stock and Housing bubbles.
Table A provides a basic perspective on how the gold
mining industry compares to the global economy.
As you can see, even at recent elevated gold prices, the
value of gold being mined is only .2% of the world GDP.
Gold mining is thus an extremely small component of the
world-economy.
Total existing gold demand is balanced with supply at
current prices and is roughly 98 billion dollars annually.
Most of gold mine production (74%) is used for
fabrication (primarily jewelry).
The remaining demand is classified as investing demand.
Importantly, gold investment demand constitutes just 0.05%
of global GDP.
All of this points to the fact that even a very minor shift
of the world’s investment into gold will have a huge impact
on gold demand.
This article explores this impact by means of a model.
The basic outline of the model is as follows:
* In a flight to gold scenario, supply is assumed to be inelastic. That is, existing holders of gold will not want to part with their gold (because its price is rising and the dollar is unattractive). The other supply of gold is what comes from gold mines. The lack of production increases in the face of the rapidly rising price of gold over the last few years demonstrates that supply of gold is also inelastic. So, the model has the supply of gold being perfectly inelastic at the current rate of mine production. This is a bit of a simplification, but it still allows real insight into the effect of a flight from the dollar to gold.
* Existing demand is considered separate from any dollar-flight demand and is assumed to remain constant in dollars. Thus the amount of oz of gold going to this existing fabrication and investment demand scales inversely with the price of gold.
* Additional annualized dollar-flight demand is assumed (based on illustrative guesses by the author of what seems reasonably likely).
* The modeled price of gold is then the total annual demand divided by the annual mine production.
Table B models the effect of a flight of petrodollars to gold. The oil producing countries listed in the table have already expressed, to a great or lesser degree, dissatisfaction with the use of the dollar as the reserve currency, either for political reasons or because of inflation resulting from the dollar’s recent devaluation. Table B models the effect of those countries investing a small fraction, 5%, of their oil revenue in gold rather than dollar denominated financial instruments. This results in an additional $54 billion of gold demand which pushes the modeled price of gold to $1401 / oz. This change of investment policy could continue for a number of years pushing the price of gold up indefinitely.
China has a huge trade surplus to the United States and is holding 1.2 trillion dollars of reserves. Table C models the effect of China, over the course of a year, shifting 5% of those reserves into gold. This increases gold demand by $60 billion pushing the modeled price of gold up to $1454 / oz. This change in investment policy might continue beyond a single year as the trade imbalance persists and as China continues to move additional fractions of its reserve from the dollar into gold.
Table D models the effect of a very small fraction (1%) of US household financial assets being moved from where they currently reside (equities, mutual funds, bonds, pension funds holding the same) into gold. US household financial assets are so large that even a 1% shift increases gold investment by $422 billion pushing our modeled price of gold up to $4769 / oz! This illustrates how sensitive the price of gold is to a change of investor sentiment.
Table E models the effect of a minor panic flight from the dollar. In this scenario all of the previous shifts take place at once and the amount shifted is doubled. Having multiple different simultaneous dollar flights to gold is not unreasonable. If the dollar becomes severely unattractive you would expect many holders to head for the exit door at the same time. The doubling of the previous four modeled flights seems to the author to underestimate the effect of even a minor panic. This scenario, as modeled, yields a modeled price of gold is then $10,771.
The graph below summarizes the modeled results.
The author does not consider any of the above modeled-gold prices to be forecasts. He does consider them to be very illustrative of how sensitive the price of gold is to even minor shifts of investment from the dollar into the gold.
There have recently been a spate of forecasts of upcoming gold price rises based on adjusting for inflation the 1980 peak price of gold. The author submits that these forecasts could be way too low if a serious flight from the dollar to gold takes place.
As a postscript, there remains one important thing to say about how a dollar flight to gold differs from the Internet stock bubble and the Housing bubble. The supply of gold is inelastic. Even though the price of gold has more than tripled in the last few years (from $250 / oz to around $900 / oz), gold mine output has stagnated.
The supply of worthless Internet startups was, as we found out, anything but inelastic. After the mania got going, Wall Street produced out of thing air a limitless supply of worthless Internet startups. Soon the bubble popped and the price of those worthless startups price reverted to their actual value, zero.
Similarly, homebuilders have found that the supply of new houses, while initially inelastic, was quickly made elastic by the flood of houses brought to market. Home prices are now returning to their actual value.
In the first really classic bubble, the Dutch discovered that the supply of tulip bulbs, while initially inelastic, after a couple of growing seasons was completely elastic. The bubble burst and the rest is history.
Because the supply of gold is inelastic, the rise of the price of gold does not constitute a bubble, at least not the same as the Tech bubble, Housing bubble and Tulip Mania. It is not susceptible to the same kind of wall of supply induced collapse.
The dollar is completely different from gold. Its supply, like the other fiat-currencies, is like worthless Internet startups: perfectly elastic. Just as venture capitalists could produce a limitless supply of Internet startups, central banks can produce a limitless supply of fiat currency. It is this very difference in elasticity between the dollar and gold that could trigger a flight (or panic) from the dollar to gold.
Doug Dillon
montyhigh.typepad.com
http://investorshub.advfn.com/boards/board.asp?board_id=5404
To 'frenchee' on 'PRECIOUS METAL PRODUCERS' -
I hope it helps -
http://investorshub.advfn.com/boards/read_msg.asp?message_id=26055298
God Bless
Hello Bob,
Do you have any recommendations to help this fella out?
#msg-26051057
Moneta Porcupine J (T.ME) $ 0.25 -
0.015 (+6.38%) Volume: 94.5 k -
2:33 PM EST Jan 16, 2008 -
Moneta looking very strong bull -
when most other are down -
God Bless
http://investorshub.advfn.com/boards/board.asp?board_id=5495
San Gold Corp. (V.SGR) $ 1.52 - 0.03 (+2.01%)
Volume: 175.5 k
11:07 AM EST Jan 14, 2008
http://investorshub.advfn.com/boards/quotes.asp?ticker=v.sgr
http://investorshub.advfn.com/boards/board.asp?board_id=5396
Roxmark Roadshow.......Toronto Report....
Here goes:
There were about 50 people in attendance.
Representing the Roxmark were Monir Younan and Philip F. Cunningham.
Was told Jim Richardson was there but I did not see him
(he did not speak anyway).
The presentaiton lasted about 40 minutes with some questions.
What's new:
-Northern Empire Mine -
Slides showed Contact Zone drilling done confirmed 25,300 ozs.
as NI 43-101 compliant(proven) with inferred 300,000 ozs.
They report drilling only the surface of the Contact
Zone above the diabase.
Monir said the mine has "resources to justify re-opening it".
They also indicated that they were not doing more
surface drilling in this area.
They feel confident about the 10M estimate to de-water
and re-open this mine but did not say exactly how they
were going to raise the money.
When asked about a JV for this project, they indicated
that they would prefer to operate this mine on their
own without a JV partner but also, did not rule that out.
Local government is re-training forestry worker to
operate this mine.
The re-training will be paid for by the government and
not RMK.
Regarding their mill, it was said that they will
provide "custom milling" to interested parties as
a source of revenue.
The mill can be easily upgraded at "minimal cost"
to 500 TPD.
What was interesting was the fact they reported that
the mill has already had its closing costs paid by
the previous owner.
Therefore, when they are finished with it,
they can simply walk away from it, at no cost.
Their focus seemed to be on the Nortoba-Tyson Moly & Gold
property.
There is a second bulk sample underway.
They also reported that they have found significant copper
along 400m strike.
Also, they plan to drill gold viens No. 1 & No. 2
in the spring of 2008.
They suggested that gold values here are better than 1 oz.
per ton.
They are also stripping, channel sampling and mapping in
this area.
They seemed to be the most excited about this area and
the gold & moly prospects it holds.
Regarding the Geraldton JV with PG, Monir confirmed that
PG has five cors samples with visible gold and that PG
is "EXTREMELY EXCITED" about their progress to this point.
They can't wait to drill "paraell structures" in the area.
He also said that PG will spend 8.5 to 9 million here and
not the 7 million previously reported.
The first year will see 2.5 million spent on this mine.
Also, Monir said that PG could gain up to a 51% ownership
in the LLMine and not the 70% previously reported (maybe
this was a mistake on his part).
Cunningham said he liked the "macro environment" for gold
and also said he got involved because of his confidence
in STan Malouf whom he has known for 40 years.
He also suggested he wanted to diversify his holding
and thought RMK was an excellent way of doing it.
He kept saying the word "potential" and indicated that RMK
was just "scratching the surface".
Cunningham seems to be the brains behind this in a
Cheney-Bush kind of way.
That is fine with me as Cunningham was probably the reason
so many industry people were there today.
All in all, it was a professional presentation, not over
slick and right to the point.
This area is "heating up" and good things will come to
holders of RMK.
GLTA
By: arachne
at another RMK forum
Goldcorp Reports Company-Wide Exploration Progress
Monday November 26, 2007 18:10:01 EST
VANCOUVER, BRITISH COLUMBIA, Nov 26, 2007
(Marketwire via COMTEX News Network) --
All Amounts in $US unless stated otherwise.
GOLDCORP INC.
(TSX: G)(NYSE: GG) today provided a detailed update of
exploration activities at its mines and projects.
As an aggressive $120 million exploration investment
during 2007 nears completion, the Company has made
several new gold discoveries among its substantial
organic growth opportunities.
In addition, based on year-long success in conversion
of mineral resources, Goldcorp expects that it will more
than replace proven and probable reserves mined in 2007
when company-wide reserves are updated early in 2008.
Specific exploration success includes:
- Discovery of a high-grade shear zone at
the Eleonore gold project
in Quebec has the potential to enhance average grades for
the overall deposit and to help grow the existing
gold resource of 1.83 million ounces indicated and
0.93 million ounces inferred towards the Company's
near-term 5 million ounce target(1).
- At Red Lake Gold Mine in Ontario,
new gold veins discovered in the Party Wall zone from
surface to depth and in the footwall of the High Grade
zone are expanding a rich suite of targets in what is
already the richest gold mine in the world.
Continued progress at the Cochenour mine further
enhances district opportunities.
- Drilling at the Penasquito project
continues to define a new high-grade manto/skarn discovery
that may support a concurrent underground mining operation
at what is expected to be the largest gold mine in Mexico.
Promising early results at the nearby Noche Buena property
add to a compelling value proposition for
the Penasquito district that currently includes proven
and probable gold reserves in excess of 13 million ounces(2).
- Exciting progress at Musselwhite mine in Ontario
includes the recent discovery of a new mineralized shear
zone parallel to and west of the main orebody, and
projection of known mineralized structures over
2 kilometers to the north.
These results, along with generally higher than historical
average gold grades in recent drilling of the PQ Deeps
portion of the mine, support strong potential for reserve
growth in coming years.
- At Hoyle Pond,
the premier deposit at Porcupine mine in Ontario, recent
drill intercepts have extended the primary ore zone at
least another 200 meters down dip, adding to the strong
future at Porcupine already enhanced by the multi-million
ounce Hollinger deposit which is now the subject of
a pre-feasibility study(3).
"Goldcorp is unique among major gold producers
in that our industry-leading growth profile and
future potential derives entirely from organic
exploration within our current project boundaries,"
said Kevin McArthur, Goldcorp President and
Chief Executive Officer.
"These properties are of the highest quality:
low cost, long-lived, situated in safe jurisdictions
and unencumbered by gold hedges.
Now, after a year of defining opportunities for
further organic growth at our mines and projects,
we are seeing real dividends.
This is the formula for maximizing shareholder value
in a strong gold price environment."
Complete drill hole databases, supporting data
and illustrations for the mines and projects mentioned
will be available at
http://www.goldcorp.com
Many of these concepts are illustrated in a
company presentation on the website under: Investors/Presentations/Exploration Update, November 2007.
Canada
Goldcorp is the largest gold producer in Canada,
and exploration success at Red Lake Gold Mines,
Eleonore, Musselwhite and Porcupine will help extend
the Company's leadership in this important market.
The Company is committed to growing its business in Canada
by developing and maintaining large, long-lived gold mines
in several key operating districts.
Red Lake
Impressive high grade results continue from both surface
and underground drilling at Red Lake Gold Mine.
Drilling results from the Party Wall zone both near
surface and at depth, including 5.0 feet of 2.56 ounces
per ton and 2.2 feet of 1.53 ounces per ton, provide
encouragement for further reserves growth.
In addition, a new discovery was made in the Footwall
zone behind, or northeast, of the High Grade and
Sulphide zones.
New assays in this zone are highlighted below designated
as the FW3 zone from the 34 level.
Excellent results, including 6.0 feet of 184 ounces per
ton, have also been obtained in the hanging wall lenses
of the High Grade zone and Deep Campbell.
The main High Grade zone remains open at depth and will
be tested once exploration platforms are completed in 2008.
Red Lake Drilling Results
----------------------------------------------------------------------
Approx.
true
Drill From To width Au
Hole Area (feet) (feet) (feet) opt
----------------------------------------------------------------------
DS-497 Party Wall 16.8 20.0 3.0 0.88
----------------------------------------------------------------------
DS-499 Party Wall 126.0 135.1 7.0 0.39
----------------------------------------------------------------------
DS-501 Party Wall 195.4 196.2 0.8 1.30
----------------------------------------------------------------------
DS-497 Party Wall 228.3 234.0 5.0 2.56
----------------------------------------------------------------------
DS-489 Party Wall 513.0 515.0 2.0 0.54
----------------------------------------------------------------------
DS-499 Party Wall 372.5 374.0 1.5 2.79
----------------------------------------------------------------------
DS-501 Party Wall 394.4 396.0 1.5 1.59
----------------------------------------------------------------------
DS-507 Party Wall 415.4 416.7 1.2 2.12
----------------------------------------------------------------------
DS-487 Party Wall 689.6 691.0 1.3 0.74
----------------------------------------------------------------------
D30-743 Party Wall 8.8 11.2 2.2 1.53
----------------------------------------------------------------------
D30-771 Party Wall 57.3 64.2 2.2 0.42
----------------------------------------------------------------------
D30-771 Party Wall 305.2 311.4 2.5 0.26
----------------------------------------------------------------------
D33-287 Party Wall 516.9 521.3 4.4 1.81
----------------------------------------------------------------------
D33-288 Party Wall 597.9 599.4 1.4 0.88
----------------------------------------------------------------------
D36-239 Party Wall 356.0 357.5 1.2 0.66
----------------------------------------------------------------------
D36-240 Party Wall 416.6 420.3 2.5 6.82
----------------------------------------------------------------------
D36-241 Party Wall 520.8 522.3 1.0 9.06
----------------------------------------------------------------------
D36-241 Party Wall 537.3 539.3 1.3 50.27
----------------------------------------------------------------------
D36-243 Party Wall 550.2 557.9 5.2 0.49
----------------------------------------------------------------------
D36-243 Party Wall 617.9 621.5 2.5 0.41
----------------------------------------------------------------------
D39-619 Deep Campbell 1510.0 1512.0 1.9 1.38
----------------------------------------------------------------------
D39-674 Deep Campbell 1461.6 1463.2 1.5 0.79
----------------------------------------------------------------------
D39-283 Deep Campbell 1464.0 1466.0 1.9 0.54
----------------------------------------------------------------------
D39-281 Deep Campbell 1802.0 1803.2 1.1 2.25
----------------------------------------------------------------------
D39-679 Deep Campbell 1720.0 1722.7 2.5 2.50
----------------------------------------------------------------------
D39-680 Deep Campbell 1804.0 1805.0 0.9 0.62
----------------------------------------------------------------------
34L1812 FW3 176.0 180.0 3.6 1.43
----------------------------------------------------------------------
34L1682 FW3 156.0 160.0 3.6 0.46
----------------------------------------------------------------------
34L1809 FW3 161.0 166.7 5.7 1.34
----------------------------------------------------------------------
34L1810 FW3 174.0 180.0 6.0 5.09
----------------------------------------------------------------------
34L1729 FW3 156.0 162.0 6.0 1.60
----------------------------------------------------------------------
34L1684 FW3 159.7 161.0 1.3 0.92
----------------------------------------------------------------------
40L001 HW HG Zone 204.4 232.4 6.0 184.00
----------------------------------------------------------------------
40L002 HW HG Zone 181.0 193.0 6.0 3.62
----------------------------------------------------------------------
40L003 HW HG Zone 139.0 145.0 6.0 1.19
----------------------------------------------------------------------
In the Red Lake district, development plans and permitting studies are underway for dewatering and rehabilitation of the Cochenour shaft to allow for deep delineation drilling to follow up various intercepts in newly-discovered zones. A sampling of these intercepts, including 2.0 meters of 68.5 grams per ton, is provided in the table below.
Cochenour Drilling Results
----------------------------------------------------------------------
Drill From To Interval Au
Hole Area (m) (m) (m) g/t
----------------------------------------------------------------------
704-4 Cochenour 417.0 419.0 2.0 68.50
----------------------------------------------------------------------
CW7054A Cochenour 1136.7 1138.3 1.6 32.99
----------------------------------------------------------------------
BC0618W4 Cochenour 1432.0 1434.0 2.0 36.37
----------------------------------------------------------------------
Note: Not true widths; true width is generally 50 percent of interval.
Eleonore
At the Eleonore project in Quebec, four drill rigs continue work with the goal of expanding the previously reported mineral resource, as issued in a press release on June 25, 2007. North of the Roberto Zone, a high grade shear zone with quartz veining continues to see strong results, including 1.0 meter of 327 grams per tonne and 2.0 meters of 216.6 grams per tonne. In addition, drill hole ELE-07-481 containing 3.0 meters of 199.2 grams per tonne was cut in a separate new area east of the Roberto deposit. This result is considered to be part of a new shallow body of yet unknown rake and dimension. The discovery of the shear zone provides additional support for further extensions of mineralization along shear zones both north and south of the main Roberto zone. The main zone is also being tested with a deep hole intended to intercept the Roberto deposit at a 1,500 meter depth. A drill plan is in place to further outline the northern end of the Roberto ore shoot to a depth of 800 meters and to continue following the north and possible south shear zone mineralization. Most of the Eleonore concession remains unexplored. A first-phase regional sampling program, for which results are pending, will help direct the evaluation of future regional targets in 2008.
Eleonore Drilling Results
----------------------------------------------------------------------
Drill From To Interval Au
Hole Area (m) (m) (m) g/t
----------------------------------------------------------------------
ELE-07-471 North shear 305.00 306.00 1.00 327.00
----------------------------------------------------------------------
ELE-07-470 North shear 285.81 287.26 1.45 267.51
----------------------------------------------------------------------
ELE-07-431 North shear 225.00 227.00 2.00 216.60
----------------------------------------------------------------------
ELE-06-194 North shear 62.40 63.60 1.20 95.49
----------------------------------------------------------------------
ELE-05-129B North shear 321.00 322.30 1.30 74.20
----------------------------------------------------------------------
ELE-07-481 139.00 142.00 3.00 199.20
----------------------------------------------------------------------
Note: Not true widths; true width is generally 70 to 90 percent of
interval.
Musselwhite
At Musselwhite, drilling on both the North Shore and a newly-discovered shear zone west of the existing deposit indicates high potential for future resource expansion. In addition, by early next year a reserves increase is expected in the PQ Deeps area with the discovery of new mineralization that is generally higher grade than historical averages at the mine.
Deep drilling to test Musselwhite potential has been successful. The main ore-bearing banded iron formation has now been extended over 2 kilometers north of the existing workings in drill holes collared on the north shore of Opap Lake. Assays from this drilling include an intercept of 4 meters of 15.5 grams per tonne gold. A second hole is now underway to further test the North Shore discovery.
A newly-discovered parallel shear zone at Musselwhite is only 200 meters west of the current workings. This discovery, called the "Moose" zone includes an intercept of 4.8 meters true width of 14.0 grams per tonne gold. Previous drill hole data from this area supports the presence of an additional new parallel shear zone further west, including 3.2 meters of 18 grams per tonne gold and 5.1 meters of 7 grams per tonne gold. Current information indicates the potential for several other mineralized shear zones.
Porcupine
At Porcupine, the Company continues to target long-term annual production of 300,000 to 400,000 ounces of gold from this historic mining district. Strong future potential is supported by excellent ongoing results from 12 core drill rigs, including five focused on infill drilling at the Hollinger deposit(3). At Hoyle Pond, a recent drill hole intersected the VAZ-6 area on the 1345 level with 2.4 meters of 301 grams per tonne gold within 13 meters of 65.9 grams per tonne gold. A second hole on the 1335 level contained 6 meters of 21.7 grams per tonne gold. This result was contained within 16 meters of 10.24 grams per tonne gold. These results indicate the Hoyle Pond deposit may have significant additional depth potential, similar to the deeper mines in the district.
Penasquito
At the Penasquito project in Mexico, proven and probable reserves increased by 48% in June, 2007. Beyond infill drilling of the existing mineral resource, the focus of exploration efforts remains on the new manto-skarn discovery at depth. Additional drilling of this zone will continue into 2008 with a view towards delineating a high-grade resource that could be mined by underground methods concurrent with open pit operations. Selected intercepts from the manto-skarn discovery are as follows:
Manto-Skarn Zone Drilling Results
--------------------------------------------------------------------------
Drill Interval Au Ag Zn Lead
Hole Area (m) (g/t) (g/t) (%) (%)
--------------------------------------------------------------------------
GP-501-07 Manto/skarn 22 5.41 191 8.82 6.05
--------------------------------------------------------------------------
GP-501-07 Manto/skarn 12 1.02 354 14.02 4.10
--------------------------------------------------------------------------
GP-479-07 Manto/skarn 30 0.28 178 7.10 0.42
--------------------------------------------------------------------------
GP-548-07 Manto/skarn 10 4.04 231 0.32 0.79
--------------------------------------------------------------------------
GP-548-07 Manto/skarn 34 0.60 396 3.51 3.04
--------------------------------------------------------------------------
Note: Not true widths; true widths are generally 70 to 90 percent of
interval.
Within the Company's extensive landholdings in the greater Penasquito district, three regional exploration targets are currently being drilled. The most advanced is the Noche Buena target, located five kilometers north of Penasquito. The conceptual target at Noche Buena is skarn-style gold, silver, lead and zinc mineralization similar to deeper portions of Penasquito. Near-surface intercepts in this area are oxidized, pointing to the potential for heap-leach operations. Assays from select drill holes, including 56 meters of 1.57 grams per tonne gold and 69.4 meters of 1.28 grams per tonne gold, are set out below.
Noche Buena Drilling Results
--------------------------------------------------------------------------
Drill Interval Au Ag Zn Lead
Hole Area (m) (g/t) (g/t) (%) (%)
--------------------------------------------------------------------------
NB 1 Noche Buena 32.3 0.53 30.6 1.01 1.52
--------------------------------------------------------------------------
4.0 6.90 61.4 1.74 0.60
--------------------------------------------------------------------------
NB 2 Noche Buena 86 0.81 41.2 0.31 0.53
--------------------------------------------------------------------------
56 1.57 17.0 0.22 0.12
--------------------------------------------------------------------------
24 0.49 4.8 0.94 0.01
--------------------------------------------------------------------------
NB 4 Noche Buena 69.4 1.28 142.1 Oxide
--------------------------------------------------------------------------
48.4 0.42 24.2 0.30 0.38
--------------------------------------------------------------------------
39.3 0.84 20.2 0.33 0.25
--------------------------------------------------------------------------
NB 6 Noche Buena 51.0 0.19 14.3 0.74 0.32
--------------------------------------------------------------------------
70.0 0.38 5.2 0.34 0.02
--------------------------------------------------------------------------
Note: Not true widths; true widths are generally 70 to 90 percent of
interval.
On December 3, 2007, Goldcorp plans to release the economic results from a 30% increase in throughput at Penasquito to 130,000 tonnes per day. Included in the results will be revised capital costs, year-by-year metals production and total cash costs.
Mr. McArthur concluded, "Goldcorp will continue its efforts to expand on these exciting exploration successes in 2008 as a key component of our larger growth strategy. As always, we will pursue accretive growth for the benefit of our shareholders through building the projects already in our development pipeline, adding reserves through further organic exploration success and searching for smart, value-adding acquisition opportunities. The combination of low costs, unhedged gold production and growth in safe jurisdictions sets Goldcorp apart in the ongoing positive market for gold."
Goldcorp is the lowest-cost and fastest growing multi-million ounce gold producer with operations throughout the Americas. Its gold production remains 100% unhedged.
Goldcorp has a team of geoscientists who are "qualified persons" as such term is defined under National Instrument 43-101, responsible for the design and conduct of Goldcorp's exploration programs and have reviewed and approved the contents of this news release. For information on geology, exploration activities generally, and drilling and analysis procedures on Goldcorp's material properties, see Goldcorp's Annual Information Form/Form 40-F on file with Canadian provincial securities regulatory authorities and the United States Securities and Exchange Commission. Sampling and assaying methods of these programs are being conducted in accordance with the CIM Mineral Exploration Best Practices Guidelines.
Footnotes
(1)The mineral resource statement for Eleonore is presented in the following table:
Mineral Resource Statement(i) for the Eleonore Gold Deposit
April 4, 2007
Tonnage Grade
Resource Category (tonne) (g/t Au) Contained Ounces
Indicated 7,709,500 7.40 1,834,900
Inferred 4,059,000 7.12 929,100
(i)Reported at a cut-off of 3.5 gpt gold, all figures rounded to reflect
the relative accuracy of the mineral resource estimate. The preparation
of the initial resource estimate for the Eleonore project was a joint
effort between Goldcorp personnel, G.N. Lustig Consulting Ltd. and SRK
Consulting Canada Inc. ("SRK"). The mineral resources were estimated by
SRK using a geostatistical block modeling approach. Capped gold grades
were interpolated into a block model constrained by wireframes by
ordinary kriging with estimation parameters determined by variography.
Mineral resources were classified using variography ranges and geology
by Yan Bourassa, P.Geo of SRK, a qualified person as defined under
NI 43-101 in accordance with CIM Standards. Mr. Bourassa has reviewed
and approved the contents of this news release relating to mineral
resources at Eleonore. Mineral resources are not mineral reserves and do
not have demonstrated economic viability.
(2)The Proven and Probable Reserves for Penasquito is presented in the following table:
Penasquito Proven & Probable Reserves Summary Data(a)(b)(c)
June 25, 2007
-------------------------------------------------------------
Proven Reserves June 2007
Ore tonnes (millions)
-------------------------------------------------------------
Oxide (heap leach) 42.1
Sulfide (flotation) 426.9
-------------------------------------------------------------
Total ore tonnes (millions) 469.0
-------------------------------------------------------------
Oxide ore grade
Gold (grams per tonne) 0.21
Silver (grams per tonne) 20.9
-------------------------------------------------------------
Sulfide ore grade
Gold (grams per tonne) 0.57
Silver (grams per tonne) 34.0
Lead (%) 0.36
Zinc (%) 0.78
-------------------------------------------------------------
Contained Metals
Gold (troy ounces - millions) 8.2
Silver (troy ounces - millions) 495
Lead (tonnes - millions) 1.56
Zinc (tonnes - millions) 3.34
-------------------------------------------------------------
Probable Reserves June 2007
Ore tonnes (millions)
-------------------------------------------------------------
Oxide (heap leach) 68.3
Sulfide (flotation) 380.2
-------------------------------------------------------------
Total ore tonnes (millions) 448.6
-------------------------------------------------------------
Oxide ore grade
Gold (grams per tonne) 0.17
Silver (grams per tonne) 16.4
-------------------------------------------------------------
Sulfide ore grade
Gold (grams per tonne) 0.37
Silver (grams per tonne) 27.2
Lead (%) 0.29
Zinc (%) 0.65
-------------------------------------------------------------
Contained Metals
Gold (troy ounces - millions) 4.9
Silver (troy ounces - millions) 368
Lead (tonnes - millions) 1.11
Zinc (tonnes - millions) 2.47
-------------------------------------------------------------
(a) Cut-off grades for Penasquito reserves are as follows:
$4.55 NSR for Breccia and Intrusive; $5.18 NSR for
Sediments; $1.30 NSR for South Oxides and $1.18 for
North Oxides using reserves metals prices as referred
to in Note 2 below.
(b) Metals prices utilized in the pit design were: $525 per
ounce gold, $10.00 per ounce silver, $0.40 per pound
lead and 0.80 per pound zinc.
(c) The Mineral Resources and Mineral Reserves for
Penasquito have been estimated under Canadian Institute
of Mining, Metallurgy, & Petroleum Standards (CIM
Standards) in accordance with National Instrument 43-101
of the Canadian Securities Administrators ("NI 43-101").
These resource and reserve estimates have been prepared
under the supervision of Robert Bryson, Vice President,
Engineering for Goldcorp Inc., a Qualified Person as
defined under NI 43-101. Mr. Bryson has reviewed and
approved the contents of this news release.
(3)The Mineral Resource Statement for Hollinger is presented in the following table:
Mineral Resource Statement(ii) for Hollinger (100%)
December 31, 2006
Tonnage Grade
Resource Category (tonne) (g/t Au) Contained Ounces
Indicated 40,300,000 1.65 2,142,663
Inferred 44,200,000 1.57 2,236,009
(ii)Reported at a cut-off of 0.637 gpt gold, all figures rounded to reflect
the relative accuracy of the mineral resource estimate. The mineral
resources were estimated in-house by Porcupine personnel using a
geostatistical block modeling approach. Capped gold grades were
interpolated into a block model constrained by domain wireframes by
ordinary kriging with estimation parameters determined by variography.
Mineral resources were classified using variography ranges
incorporating number of drill holes used in the resource estimate by
Patti Nakai-Lajoie, P.Geo. and Senior Resource Evaluation Geologist at
the Porcupine Joint Venture of Goldcorp Inc., a qualified person as
defined under NI 43-101 in accordance with CIM Standards. Mineral
resources are not mineral reserves and do not demonstrate economic
viability. Ms. Nakai-Lajoie has reviewed and approved the contents of
this news release relating to mineral resources at Hollinger.
Cautionary Note Regarding Forward-Looking Statements
Safe Harbor Statement under the United States Private Securities Litigation Reform Act of 1995: Except for the statements of historical fact contained herein, the information presented constitutes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements, including but not limited to those with respect to the price of gold, silver, copper, zinc and lead, the timing and amount of estimated future production, costs of production, reserve determination and reserve conversion rates involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of Goldcorp to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks related to the integration of acquisitions, risks related to international operations, risks related to joint venture operations, the actual results of current exploration activities, actual results of current reclamation activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future prices of gold, silver and copper, zinc and lead as well as those factors discussed in the section entitled "General Development of the Business - Risks of the Business" in Goldcorp's Form 40-F on file with the Securities and Exchange Commission in Washington, D.C. and Goldcorp's Annual Information Form on file with the securities regulatory authorities in Canada. Although Goldcorp has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
SOURCE: Goldcorp Inc.
Goldcorp Inc.
Jeff Wilhoit
Vice President, Investor Relations
(604) 696-3074
(604) 696-3001 (FAX)
Email: info@goldcorp.com
Website: www.goldcorp.com
Roxmark Completes Acquisition of Three Properties Along Strike From Northern Empire Gold Mine
08 Nov 2007 at 12:10 PM GMT-05:00
ROXMARK COMPLETES ACQUISITION OF THREE PROPERTIES
ALONG STRIKE FROM NORTHERN EMPIRE GOLD MINE
Toronto, Ontario, November 8, 2007.
Roxmark Mines Limited --
(TSXV – RMK) (CNQ – RMKL) announces that it has issued an aggregate of 115,940 shares in satisfaction of payments due under three option agreements (the "Agreements") to acquire
the Amedé Properties totalling $26,666.67.
The securities issued are subject to a hold period expiring
on March 7, 2008.
The Agreements were previously announced in the Company's
July 12, 2007 news release.
The Agreements have a term of four years and will require additional aggregate payments at Roxmark’s option of
$60,000 by July 8, 2008 and $180,000 during the period
between the second and fourth anniversaries of the Agreements.
An exploration surface program is being carried out simultaneously on two properties by Roxmark crew under the supervision of Peter Bevan, Consulting Geologist.
Work includes stripping, trenching, sampling and geological mapping of these gold-bearing structures.
Historically, the Northern Empire Mine produced 149,053 ounces of gold from 425,866 tons with a recovery of 0.35 oz. in gold per ton.
The mine was serviced by a shaft to 2,460 feet with development above and below a major flat diabase sill.
Existing infrastructure on the property, including an upgraded and fully permitted 200 tpd mill (expandable to 500 tpd), as well as the mine’s non-remote location, will reduce the cost of future development.
About Roxmark Mines
Roxmark Mines Limited is the leader in gold and molybdenum exploration and development in the historically significant Geraldton-Beardmore area of Northwest Ontario. In the last two years, Roxmark has generated cash flow from bulk-sampled gold and molybdenum processed at its fully-permitted mill and has the advantage of infrastructure from six formerly highly productive gold mines located on its properties. These mines previously produced nearly two million ounces of gold from high grade ore but were closed primarily due to dramatically lower gold prices at the time and to boundary issues, since eliminated.
Further information is available on the Company's website at www.roxmark.com and on SEDAR under the Company's profile at www.sedar.com.
Forward-Looking Statements
This news release includes certain “forward-looking statements”. Such forward-looking statements involve risks and uncertainties. The results or events predicted in these forward-looking statements may differ materially from actual results or events. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.
Monir Younan, President
Roxmark Mines Limited
801- 80 Richmond St. West
Toronto, Ontario M5H 2A4
Tel.: (416) 860-1636
Fax: (416) 360-7355
E-mail: roxmark@on.aibn.com
Website:
http://www.roxmark.com
Greenstone area looking forward to mining resurgence -
Tb News Source
Web Posted: 11/21/2007 4:42:06 PM
It was known as the Greenstone Gold belt and if recent
announcements are any indication, that title may still
ring true.
This week Roxmark Mines Limited announced the company
is planning to re-open the Northern Empire Mine -
in Beardmore next year.
In the coming months, the company proceed with all
the necessary steps, including mine planning, permitting
and employee training.
Roxmark President Monir Younan says it is difficult at
this time to determine how many jobs would become
available but he estimates up to 125 positions at the
revived site.
Younan says the Northern Empire mine is unique because
it has existing infrastructure.
Because of that he is estimating $8-10 million in capital
upgrades before the mine can re-open.
Roxmark's currently owns at least ten gold properities in
the Geraldton- Beardmore area but they are not alone.
More than a handful of companies are in the exploration
stages in the municipality.
Premier Gold Mines Limited in a joint venture with Roxmark
is spending 2.5 million dollars to explore the former
Little Long Lac Mine.
And both Kodiak Exploration, a BC based company and
Sage Gold are also active in the municipality.
This is all positive news says Greenstone Mayor Michael
Power, who adds that this is just the beginning,
with more announcements expected shortly.
http://www.tbsource.com/Localnews/index.asp?cid=102127
http://investorshub.advfn.com/boards/board.asp?board_id=1499
GoldCorp soon could double in price ?....
when Gold bull hits $1000 according to report....
quote
RBC is betting that the gold mining shares will soon start to
shine again, enjoying their famed leverage to the spot price.
At $1000 an ounce, it forecasts a share feast:
Barrick up 65pc, Newmont 80pc, IAMGOLD 90pc, NovaGold 90pc etc
end quote
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/11/15/bcngold115.xml
Goldcorp third-quarter profit jumps 27 percent
Fri Nov 9, 2007 8:38 AM EST
OTTAWA (Reuters) - Goldcorp said on Friday its third-quarter profit rose 27 percent, as gold production increased at lower cash costs than industry averages.
The company earned $75.8 million, or 11 cents per share, in the period ended September 30. That was up from $59.5 million, or 14 cents per share, in the year-before period when it had a lower share count.
It also reaffirmed its 2007 production outlook of 2.2 million to 2.3 million ounces of gold at a total cash cost of $150 an ounce.
Analysts polled by Reuters had expected, on average, a profit of 16 cents per share before exceptions.
The company said a late concentrate shipment at its 37.5-percent owned Alumbrera mine in Argentina reduced earnings by 3 cents per share. Results were also hurt by storm-related power outages at its Red Lake mine in northern Ontario.
A stronger Canadian dollar increased cash costs at Goldcorp's three Canadian mines, which contribute about 45 percent of quarterly gold production.
Gold production rose 28 percent in the quarter to 556,200 ounces, while cash costs were $140 an ounce.
The company sold gold at an average price of $685 an ounce, up from $620 an ounce in the same period in 2006, as spot prices charged to 28-year highs during the quarter.
Operating cash flow was $208.6 million, up from $171.9 million in the same period last year.
($1=$0.94 Canadian)
Goldcorp Gold still above 800, high o silver and away -
well looking at the past in Europe etc. -
Ex.
Two Hundred Billion D-Mark -
Empfehle bei Papiergeld auf den Fingerabdruck als Zeichen der Echtheit zu achten -
This Two Hundred Billion Mark note, was probably enough to buy
a meal in a restaurant in 1923 -
The fingerprint indicated its authenticity!!
An average monthly salary in US / Canada could soon be around -
Two Hundred Billion to Five Hundred Billion fiatz$dollars -
We have seen the currency collapses happen all over the world -
HYPERINFLASION -
is it too many on pension, gov. debts pressure etc. ? -
GOLD THE ONLY REAL MONEY SAFETY! -
I Luv GG - The GOLDEN Treasure CHEST!!
Strategic GG, HOLD FOR THE LONG TERM!
The value of the dollar has been on a downward spiral -
All fiatz tumbled to yet another new low against the GOLD -
JPY, GBP, AUD, EUR, CAD & Gold - Afternoon Fix (Source N M Rothschild) (INDEX)
3 YEAR WEEKLY GOLD CHART COMPARED TO THE CURRENCIES BELOW -
the media Tv etc. only talks about fiatz currencies -
not allowed to compare the fiatz to the GOLD? -
THE ONLY REAL MONEY -
Ex.
Reasons to Own Gold Investments -
1. It’s super cheap. Gold is cheap, while stocks are expensive.
In January of 1980, both the Dow Industrials and the price
of gold were at the same level: 800.
Now, nearly 27 years later, the Dow is above 13,000,
and gold is above $800.
2. Governments will make our money worth less to pay off
their record debts.
Governments can print money to pay off their debts.
But they can’t create gold.
The supply of paper money can be infinite.
But the supply of gold is extremely limited
(they say that the entire gold production in the history
of the world could fit on the basketball court at
Madison Square Garden).
And it’s difficult to extract.
3. Precious metals do well in major international conflicts.
The price of gold was fixed during World War I and
World War II.
But silver, for example, rose by over 100% in both world wars.
Gold has risen for the duration of the War on Terrorism.
It all comes back to #2, above... governments ultimately
print money to pay for wars.
4. Gold should do well in extreme bear markets.
Silver more than doubled in value from 1932 to 1936
during the Great Depression (the price of gold was fixed
by the government).
The next long bear market was 1968-1980.
Silver rose from around $2 in 1968 to a peak near $50 in 1980.
5. Gold will rise during inflation... and during deflation.
Gold is good inflation protection... gold rises as the
value of the dollar falls.
But what many people don’t understand is that gold will
do even better during deflation, as the government lowers
interest rates and wildly prints money (creating inflation)
to offset that deflation... leading to substantially
higher gold prices.
6. Gold lowers risk in your investment portfolio.
In the past, gold has tended to do the opposite of stocks:
It skyrocketed in the 1970s, when stocks did horribly.
Then in the 1980s and 1990s, when stocks soared,
gold lost over half its value.
Now, in the new millennium, gold has soared while stocks
are still near their year 2000 highs.
Holding a portion of your portfolio in gold will smooth
out your portfolio fluctuations.
Gold is beautiful, rare, and easy to exchange, no matter
where you are in the world.
Paper money, on the other hand, is just paper.
Governments can print as much of it as they like.
Real interest rates are close to negative... the smart
money has already shifted from cash and into gold.
It’s time you did too -
In 2002, was how to buy gold for $250 an ounce.
Today, that investment has more than doubled... but
nobody cared back then.
Nobody was asking me about gold.
Instead, I probably lost readers for daring to write
about it -
Now, with gold hovering above $750 per ounce, people
are starting to asking me about it -
well its fiatz$808.8 buckypeanutz -
It’s a small sign, but the fact that pe ople are showing
interest for the first time in two decades tells me
this bull market is building steam and getting ready
to move much higher....
http://www.goldcorp.com/
Gold and silver rose after a drop in the dollar against
the euro and soaring energy costs sparked demand for
the precious metals as an investment.
The price of gold has gained 21 percent this year,
reaching the highest since 1980 -
its only a new bull start -
Imo. Tia.
God Bless
Goldcorp Gold alert breakout bull start -
follow the flow - I am a hubby jumping on the train
when it goes i my direction - staying in for a long
bull ride -
Old bucky going in the sewer -
Got Goldcorp GOLD Safety -
GG top trendline is at about $60.- target -
I hope GG will make a famous stock split again -
at about $40.- and give us -
2 shares for 1 as GG done in the past -
I looking forward to a breakout start at a new high -
to get the bull run moving -
http://www.goldcorp.com
Imo. Tia.
God Bless
Gold has adopted a consolidative tone after Monday's
corrective activity left solid supports at $730
and $720 unthreatened.
Good intervening support is now noted at $747.50/00
and $745.50.
While further short term tests of the downside can not
be ruled out, setbacks should be viewed as buying
opportunities.
A rebound above $762.00/50 and $768 is needed to clear
the way for a retest of last week's high at $771.75.
Further out, the dominant uptrend continues to suggest
potential for tests above $800 with key resistance
defined by the $875.00 all time high from Jan-80.
dd....
http://www.goldcorp.com
http://investorshub.advfn.com/boards/read_msg.asp?message_id=23812300
http://investorshub.advfn.com/boards/board.asp?board_id=1997
Goldcorp shareholders enjoy about 100% interest/year -
on the Goldcorp LT investments over last 10 years +
the Goldcorp gives good dividends -
Goldcorp dividends -
Got Goldcorp Gold - G/GG - is great long term safety trend -
Goldcorp is a bargain - on my LT investments -
http://www.goldcorp.com
Tia. imo.
God Bless
by another board.
Gold has the "same drivers of weak dollar - high oil -
in addition, physical demand is good and investors
continue to increase their holding through the"
exchange-traded funds, said James Moore, an
analyst at TheBullionDesk.
"Gold traded higher yesterday as the dollar was again
put under pressure, while sharp gains in oil due to
geopolitical tensions triggered further inflationary
hedging," said Moore.
"There is little to stop either gold or the oil price
from rising higher now, with the dollar poised for a
large fall," said Julian Phillips, an analyst -
"We are now headed into turbulent waters across a range
of markets."...
Gold LT breakout - bull flagpost development -
AMERO -
Strong gold and oil prices boost Toronto stocks -
Mon Oct 15, 2007 10:04 AM EDT144
TORONTO (Reuters) - Toronto's main stock market index jumped at the open on Monday as record oil prices and buoyant metal prices boosted the resource-heavy market.
Minutes after the open, the Toronto Stock Exchange's S&P/TSX composite index <.GSPTSE> was up 59.48 points, or 0.4 percent, at 14,355.34.
Only four of the TSX index's 10 main groups rose, with energy shares up 0.75 percent and the materials group up 1.1 percent.
U.S. crude oil jumped to a record high of $85.19 a barrel on Monday after OPEC forecast higher demand amid colder North American temperatures.
Meanwhile, gold flirted with a 28-year high of $756.55 an ounce on the back of a weak U.S. dollar, record oil prices and geo-political tensions.
Goldcorp (G.TO: Quote), the country's No. 2 producer, was up 80 Canadian cents at C$32.47.
($1=$0.97 Canadian)
http://www.goldcorp.com
mo. Tia.
God Bless
Fund buying hitting the Gold market -
"I think you are seeing large scale end-of-month and
end-of-quarter fund buying hitting the gold market,"
said Zachary Oxman, a senior trader at Wisdom Financial.
"The sell-off in the U.S. dollar is also aiding the market
at this point and as the U.S.-negative data continues
to come out negative and the housing issues continue
to grow and worsen, the flight to quality in Gold will
continue," Oxman said.
"Consolidation looks set to be an ongoing theme
[on the Gold market]; however, crude has pushed
back above $81 a barrel and will be closely monitored
for signs of inflationary impact on both the U.S.
and global economy," said James Moore,
metals analyst at TheBullionDesk....
Play it safe and stay in Gold mining -
Politicians can't stand seeing the value of their own
home dropping ever month,,,, they will stimulate and
when that doesn't work they will stimulate some more,
again and again and again---until we go over the cliff
into hyper-inflation.
ex.
http://news.bbc.co.uk/2/hi/business/default.stm
GOLD the real value about fiatz$35,000.-/oz today....
http://investorshub.advfn.com/boards/read_msg.asp?message_id=21963105
Got NXG Gold Mines Safety -
The Largest Gold Producer in BC -
The lowest cost Gold Producer in the mining industry -
http://www.northgateminerals.com
Imo. Tia.
God Bless
http://investorshub.advfn.com/boards/read_msg.asp?message_id=23166940
http://investorshub.advfn.com/boards/board.asp?board_id=3041
http://investorshub.advfn.com/boards/read_msg.asp?message_id=23238727
GG Goldcorp gold LT ST bullions going UP -
Fed cuts interest rate to 4.75% -
http://news.bbc.co.uk/2/hi/business/6999821.stm
Queuing for cash Worried bank customers queue up -
for a third day -
http://news.bbc.co.uk/2/hi/business/6999272.stm
http://news.bbc.co.uk/2/hi/middle_east/6997935.stm
AMERO -
Dollar hits new low versus euro -
Money changer exchanges euros for dollars
The dollar has been weakening against the euro
for over a week -
The US dollar hit to new record low against the euro -
as investors fretted about a world credit crunch.
The greenback dropped as low as $1.3927 against the euro,
deepening Wednesday's losses, but regained ground later
to settle at $1.3886 in New York trading.
http://news.bbc.co.uk/2/hi/business/6992570.stm
Got Goldcorp Gold GG Safety -
http://www.goldcorp.com
Most reliable TI P&F TA Alert Bullish objective Gold $855.- per ounce -
http://investorshub.advfn.com/boards/board.asp?board_id=5404
Gold now should be valued at $35,000+ ? -
I'd like to refer you to two interesting articles -
One shows some fascinating comparisons -
of the purchasing power of gold -
in 1430's Florence - claiming that gold now -
should be valued at $35,000+....
Go to:
http://www.gold-eagle.com/editorials_04/wang090104.html
The other is a 600-year chart showing silver -
historically vastly undervalued today....
Go to:
http://goldinfo.net/silver600.html
China threatens 'nuclear option' of dollar sales -
By Ambrose Evans-Pritchard
Last Updated: 9:11am BST 08/08/2007
The Chinese government has begun a concerted campaign of economic
threats against the United States, hinting that it may liquidate
its vast holding of US treasuries if Washington imposes trade
sanctions to force a yuan revaluation.
Fistful of dollars - China threatens 'nuclear option' of dollar
sales
Fistful of dollars - China's trade surplus reached $26.9bn in June
Two officials at leading Communist Party bodies have given
interviews in recent days warning - for the first time -
that Beijing may use its $1.33 trillion (£658bn) of foreign
reserves as a political weapon to counter pressure from
the US Congress.
For the full statement see -
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/08/07/bcnchina107a.xml
fiatz money vs. Gold & Silver The Real Money -
to buy or not to buy PM's mining stocks -
History repeat itself -
we are generally unaware of the ravages of hyper-inflation -
Many people can recall the long lines at gas stations
(and much higher precious metals prices) during
the late 1970's and early 1980's -
Although those price increases were significant, they
were muted when compared with those of
the American Civil War -
Indeed, few Americans are aware that during that struggle within
this nation, the Southern States experienced a devastating
hyper-inflation rate of 5,000%.
Consequently, many nations outside the U.S. have faced
far worse battles against rapidly advancing prices.
The 20th century has recorded numerous examples of
runaway inflation.
If the 5,000% Civil War inflation rate was shocking,
prepare to be jolted further by the forthcoming
hyper-inflation statistics:
1. Germany 1920-1923 3.25 million percent
2. Russia 1921-1924 213 percent
3. Austria 1921-1922 134 percent
4. Poland 1922-1924 275 percent
5. Hungary 1922-1924 98 percent World War II
6. Greece 1943-1944 8.55 billion percent
7. Hungary 1945-1946 4.19 quintillion percent!!!
At a peak of 4.19 quintillion percent,
Hungary's 1946 hyper-inflation rate is startling
when compared to any of the statistics in the above list.
Just how large a number is 4.19 quintillion percent?
To shed some light on that figure,
image a 10 with 18 zeros: 10,000,000,000,000,000,000
(in Europe, 10 to the 30th.)
Now further imagine such a large number representing
the purchasing power of one small loaf of bread.
For a truly enlightening, yet chilling perspective
into the damaging affects of inflation, please read
the free text -
Fiat Money Inflation and France.
Hopefully the preceding list of inflation figures
will not create fear, but help to enlighten readers.
In order to protect much deserved nest eggs,
each individual must be given the appropriate knowledge
to prepare for what lies ahead.
However, many investors will ignore the dire warning
signals beckoning on the horizon.
How can one know the mind of individual investors,
in advance?
History has demonstrated throughout the centuries,
that great sweeping shifts in financial tides
always catch the masses off guard.
The answer to the statement: to buy or not to buy precious metals--is yes.
Technical analysis is suggesting that an incredible
shift is occurring within the trend of precious
metals prices.
The centuries long decline in metals prices appears
to have reached its conclusion and a new trend of
higher prices is emerging.
Fundamental analysis is revealing that the price
of Silver is recovering from a recent 100 year low
and is more than 500% less expensive than its
shinny cousin - Gold.
Additionally, the specter of higher commodities prices
and the potential for significant inflation is looming overhead,
like - 666 - the Sword of Damocles.
A chance to accumulate an asset at an 80% discount -
the event of the century - for your mission -
Do not let any volatility shake You out -
the more volatility the higher it will go -
the new trend waves will often be -
162% of the previous correction -
when the weak hands exhaust themselves -
we'll see the next waves up -
U.S. NATIONAL DEBT CLOCK
The Outstanding Public Debt as of 10 Aug 2007
at 05:03:55 AM GMT is:
http://www.americanwatchdog.org/White%20Papers.htm
Unless the United States gets all of its economic
house in order ? -
Gold will become the basic real money again -
(which Gold has been for 1000's of years)
and national currencies will only be money -
if backed by - Gold.
With the exception only of the periods of -
- The Great Gold Standard -
practically all governments of history -
have used their exclusive power to issue fiat money -
to defraud with totalitarian bureaucratic powers -
rob, plunder and to make slaves -
of most the people -
Investors and speculators will be looking for -
Got NXG GOLD PM's stock as a safe haven? -
Imo. Tia.
In God We Trust -
God Bless America -
Ps.
Gold & Silver - The Only Real Money Standard =
not paper, not electronic credits, not chips and
not polo-ticz fiatz or 666counterfeitz -
Gold fair market valuation without -
666manipulationz fraudz -
IMO! -
Gold mining producers -
http://investorshub.advfn.com/boards/board.asp?board_id=5404
Silver mining producers -
http://investorshub.advfn.com/boards/board.asp?board_id=5406
Ex. more NXG Gold mining info....
http://investorshub.advfn.com/boards/read_msg.asp?message_id=21784880
http://investorshub.advfn.com/boards/read_msg.asp?message_id=21781030
http://investorshub.advfn.com/boards/read_msg.asp?message_id=21773402
http://investorshub.advfn.com/boards/read_msg.asp?message_id=21823627
Goldcorp - T.G - in TSX Canada - did very well today -
Detailed Quote for Goldcorp Inc DL 7/4/2007 4:29 PM
T.G Last: 26.30
Change: +0.46(+1.78%)
Volume: 1.43 m
Last Trade: 4:10
http://www.investorshub.com/boards/quotes.asp?ticker=t.g
http://www.investorshub.com/boards/board.asp?board_id=5456
RE: my wifes favorite gold stock in North america bob,
she loves the GG power house -
americano, Goldcorp is a power house in PM's The Gold and Silver -
Goldcorp has give their investors 800% interest on the money -
the last 7 years -
that's better than 100% on the money/year -
from 2000 to 2006 - 1400% interest -
we had correction since and its time to go again -
Second wave LT trend started - of the 5-wave Elliott pattern -
americano, your wife has good head -
you can be proud over her -
must do very well -
http://www.goldcorp.com
Imo. Tia.
God Bless America -
NY Gold, Silver Give Up Gains Late In Day -
DOW JONES NEWSWIRES
Comex gold and silver futures finished slightly mixed Friday
after giving up earlier gains on apparent long liquidation,
traders and analysts said.
The metals were boosted for most of the session by a sharply
weaker U.S. dollar and higher crude oil, before
profit-taking set in ahead of the close, traders said.
One suggested there may have been some disappointment that
the metals had not fared even better when the moves in so
many other markets were bullish for gold.
August gold settled up 50 cents to $650.90 an ounce on
the Comex division of the New York Mercantile Exchange.
Around the time pit trade was closing, the August contract
at the Chicago Board of Trade was up $1.50 to $651.90.
Comex September silver fell 3.2 cents to $12.473.
Shortly after it closed,
CBOT September silver was down 5.8 cents to $12.44.
Comex August gold had risen as high as $655, its strongest
level since Monday, and September silver to $12.675,
its strongest level since Tuesday.
But then came the late-day declines.
A floor trader commented after the close that the metals
simply drifted lower on a generally slow trading day.
"There was probably some profit-taking," he said,
but adding that no technical damage occurred, as no sell
stops were hit.
Jon Nadler, analyst with Kitco Bullion Dealers,
commented that some pre-holiday book squaring set in ahead
of the Fourth of July in the U.S. next week.
Leonard Kaplan, president of Prospector Asset Management,
said he was "amazed" that gold hadn't rallied more
strongly considering the moves elsewhere.
Others may have also developed the opinion and said
"I just want out," he continued.
"When markets don't respond to good news, it's not a good
sign," Kaplan said.
He later added, "I think people got discouraged because it
wasn't doing all that well.
Here you have the dollar getting killed, the oil up a buck
and bonds are up big.
It didn't make any sense."
Dollar weakness and crude-oil strength tend to boost
the metals, and both of those occurred on Friday.
As gold was closing, August crude oil was up $1.05 to
$70.62 a barrel, and the euro had risen to $1.3530
from $1.34350 late Thursday.
Otherwise, gold initially showed signs of stabilizing
after the August futures bottomed at a 5 1/2-month low
of $641.10 earlier in the week, said Ralph Preston,
senior market analyst with Heritage West Financial.
"The dollar really took a shellacking this morning,"
he said about the most recent impetus.
"We sold off in the dollar, and that played into the
metals bull camp."
"Gold prices are still very much the function of U.S.
dollar, where the inverse correlation remains very strong,"
said Gary DeDuke, fund manager with Corsair Trading.
"And despite the solid manufacturing Chicago PMI data,
robust construction, and recovering consumer sentiment
in the U.S. reported this morning, the dollar has been
under pressure just as gold prices rebound above
the $650 level."
The dollar came into the session weaker, then didn't get
any help when a portion of the personal income and
spending report showed that the annual
personal consumption expenditures price index -
excluding food and energy -
was up 1.9% last month, falling below the Fed's 2%
"comfort zone," DeDuke said.
Also, he said, the dollar's sell-off began overnight
when concerns rose that China's central bank may diversify
some of its U.S. Treasury holdings in favor of its own
special bond offering. Another currency analyst suggested
the dollar's overnight weakness may have been tied to
a reassessment of the Federal Reserve's late-Thursday
statement, with some thinking it may have been
softer on inflation than initially thought.
"Support (for gold) at $640 is likely to be preserved
into next week, particularly as dollar downside bias
is reinforced by central bank meetings in the U.K. and
the euro zone," DeDuke said.
Meanwhile, October platinum inched up 50 cents to $1,286.50 an ounce, while
September palladium dipped $2 to $368.50 an ounce. These metals tended to be
near steady even when gold was stronger.
A softer dollar normally might also support these metals, but on this day the
platinum group metals were largely sidelined as they continued to monitor the
labor situation in South Africa, said one trader. Contract offers between Anglo
Platinum and a union representing workers has narrowed, he explained. This
comes after Impala Platinum and union representatives recently had also
narrowed their difference.
"We're in a wait-and-see period," said the trader. "We got some encouraging
news from South Africa."
Earlier in the month when the parties were farther apart, the potential for a
labor disruption had supported platinum.
Settlements (includes open-outcry and electronic trading):
London PM Gold Fix: $650.50 versus $647.25 Thursday
Spot gold at 1:31 p.m. ET: $649.85, up $1.10 from previous day; Range:
$646.55-$652.55
August gold (GCQ07) $650.90, up 50 cents; Range $648.80-$655
September silver (SIU07) $12.473, down 3.2 cents; Range $12.355-$12.675
October platinum (PLV07) $1,286.50, up 50 cents; Range $1,282-$1,291
September palladium (PAU07) $368.50, down $2; Range $366-$369.20
http://www.investorshub.com/boards/post_reply.asp?message_id=20754430
Second wave LT trend started - of the 5-wave Elliott pattern -
NXG is undervalued - oversold -
strategic bargain bottom fishing -
btw.
DEBKAfile’s military sources report Washington is considering
deploying the fourth US carrier for the region in the Red Sea
opposite Saudi Arabian western coast to secure the three
US carriers in the Gulf from the rear as well as
the Gulf of Aqaba and Suez Canal.
http://www.investorshub.com/boards/read_msg.asp?message_id=20708896
What do you think about higher Gold - energy prices?
Imo. Tia.
Gold fall from high near $660, but ends up on week -
Gold futures fell from a one-week high near $660 an ounce
Friday as a rise U.S. payrolls met most market expectations
and the trade deficit narrowed, boosting the dollar and
easing investment demand for precious metals.
But after climbing over the last three sessions, gold -
futures finished the week with a more than 1% gain.
Early Friday, the market was on its way higher
"but the market perceived economic data as dollar friendly,"
said Peter Spina, chief investment strategist at
GoldSeek.com, in e-mailed comments.
Gold for April delivery closed down $3.50 at $652 an ounce
on the New York Mercantile Exchange.
The contract had traded as high as $659.80 earlier in the
session.
It closed at $644.10 last Friday, so it was up $7.90 for
the week.
U.S. jobs data showed that nonfarm payrolls increased
by 97,000 in February, slightly lower than the 100,000
expected by economists surveyed by MarketWatch.
It was the smallest job gain since January 2005.
The unemployment rate fell back to 4.5% from 4.6%.
"The domestic employment statistics contained little in
the way of a surprise," said Jon Nadler, an analyst at
Kitco Bullion Dealers.
It's "better for all markets that [the data were] released
and there's nothing to worry about either positively or
negatively for the market, said Neal Ryan, director
of economic research at Blanchard, in e-mailed comments.
"That being said, I think the fact we have had a $10 jump
in oil prices in February compared to January will
significantly impact the trade deficit numbers on
the negative side moving forward," he said.
The U.S. trade deficit narrowed again in January, adding
to the sense that the trade gap has at least stabilized
and may be starting on a downward trend, a government
report showed Friday.
"Government reports out this morning make it seem that
since we've backed off the $70 billion number recently,
we're out of the woods on the trade imbalances and
I don't believe that is the case," said Ryan.
Following the jobs report, the dollar rallied against
the yen and rose against the euro. Strength in
the dollar typically put pressure on gold.
"Gold will now be seeking to call upon its old friends:
oil, the dollar, and interest rates to find better
correlations and to get away from the slightly perverse
focus on rising equity markets in order to steer a
price course," Nadler said in e-mailed commentary.
Crude-oil futures fell under $61 a barrel Friday, trading
lower for the week as traders gauged supply and demand ahead
of a meeting of key oil producers next week. But overall,
crude has held up fairly well even when the bottom fell out
from global financial markets and most other commodities.
"Bullion will also be seeking the return of the physical buyer
in order to ensure a healthy spring," said Nadler.
A mixed picture
On Thursday, gold closed up $2.60 at $655.50 an ounce, the
contract's highest level in a week. It gained $16.30 during a
three-session climb, which followed a five-session losing
streak that drew down prices by more than $50.
"Technically, gold and silver need to complete their
consolidation after the financial tsunami of last week,"
said Julian Phillips, an analyst at GoldForecaster.com.
"Oil favors gold and the dollar, whilst stronger than
earlier this week, is still looking anemic.
"Gold is still building a foundation, and waiting for
triggers to send it higher," he said in e-mailed comments.
May silver shed 15 cents to close at $12.97 an ounce, nearly
unchanged from the $12.96 level it closed at a week ago.
"The key to key to gold's performance over the next few weeks
is how emerging market equity indices behave ... because the
biggest per-capita purchases of gold are made by people in
countries like India, China, Malaysia, and in some Middle
Eastern countries," said Steven Jon Kaplan, a senior editor
at TrueContrarian.com.
June palladium rose $3.35 to end at $356.40 an ounce,
up 1.7% for the week, but sister metal platinum saw its
April contract pull back by $10.80 to close at $1,203.70
an ounce, down 0.7% for the week.
On the supply side, gold inventories were unchanged at
7.49 million troy ounces and copper supplies were unchanged
at 36,994 short tons as of late Wednesday, according to
New York Mercantile Exchange data. Silver supplies fell
34,733 troy ounces to stand at 118.18 million troy ounces
as of late Thursday.
Goldman Sachs remains bullish on gold
"The recent sell-off in gold and gold equities has created
a good buying opportunity for gold, given strengthening
fundamentals," said Oscar Cabrera, a Goldman Sachs analyst,
in a Friday research note.
Goldman Sachs expects gold prices to end 2007 at $725 an
ounce and to average $689 an ounce during the year, boosted
by further declines in the dollar.
Expectations of widening interest rate differentials
between the United States and the rest of the world
will continue to weaken the dollar in 2007. Gold and the
dollar have traditionally had an inverse relationship
and downward trends in the dollar are very bullish
for gold, which is seen as a safe-haven investment.
The same factors that triggered the sell-off in gold prices
on Feb. 27 will provide support for the precious metal,
Goldman Sachs said.
These include a weak U.S. January durable goods report;
concerns over performance of sub-prime mortgage loans
which could impact the U.S. financial system,
further weakening of the dollar;
concerns of an over-extended yen carry-trade, which if
unwound could strengthen the yen versus the U.S. dollar;
a 9% drop in Chinese equity markets, rising global risk
concerns;
and comments by former Federal Reserve Chairman
Alan Greenspan that a recession was possible in 2007.
Demand for gold has also remained strong, while mine
production has slipped in the last few years, as
companies deal with mature ore bodies, lower grades
and increasing costs for developments, Goldman Sachs said.
Finally, net central bank sales fell sharply in 2006, and
the central banks of important emerging markets, like
China and Russia, are adding to their gold holdings
to diversify their reserves.
http://biz.yahoo.com/iw/070308/0224411.html
http://www.marketwire.com/mw/release_html_b1?release_id=224411
http://www.investorshub.com/boards/board.asp?board_id=5406
Goldcorp..Is a very good LT Gold stock to own -
Goldcorp has given me 1000% on the money -
in share value increase -
for the last 10 years -
plus dividends and GOLD Safety -
Welcome to Golcorp's Investors forum -
http://www.investorshub.com/boards/board.asp?board_id=5456
Imo. Tia.
The Cerro Rico Mine - Inca - Potosi, Bolivia -
The Worlds Largest Silver Mine -
are projected to hold > 5 million metric tons of ore -
JV-Partner Comibol est. drilled shallow reserves est. said -
to contain about 1,028,645 kgs of Silver -
265,933 tons of Zinc -
and over 72,377 tons of Tin -
Reports provided by COMIBOL on Franklin's assigned veins
in the Cerro Rico have indicated est. yields -
(by Comibol shallow drillings) -
totaling 36,274,137 Troy ounces of Silver;
586,117,434 pounds of Zinc;
and 159,518,908 pounds of Tin.
When the partnership agreement was originally prepared,
Franklin/COMIBOL projected the total value of these
five veins to be approximately $2.2 Billion (USD).
Franklin Mining, Inc. -
FMNJ - recently announced having entered into a contract
for the sale of 50,000 tons of Zinc concentrate
at 47% minimum to a consortium representing
multiple entities in Japan -
The consortium, headed by a former Bolivian Ambassador
to Japan, is obtaining financing through
the Sumitomo Mitsui Banking Corporation -
for the purchase of the product.
Under terms of this contract -
Franklin is permitted to consolidate ore concentrates -
from both its Cerro Rico and Pulacayo resources.
Japanese refinery companies recovering the Zinc -
will also pay for the silver content -
of the concentrate.
Pulacayo Mining Fields:
Franklin is also set to begin processing tailings
found in the Pulacayo Mining Fields.
Yields from these tailings deposits are estimated
to total 7,973,507 Troy ounces of Silver -
and 128,605 Troy ounces of Gold.
At the time of this agreement's preparation,
recovery rates from this tailings field were
conservatively estimated at 60%, yielding
approximately $109 Million (USD).
Franklin Mining, Inc. -
(FMNJ) and its wholly owned subsidiary,
Franklin Mining, Bolivia SA,
are set to begin retrieving gold, silver and zinc under
terms of a COMIBOL partnership agreement.
Franklin Mining, Inc.'s partnership with COMIBOL
was the first to be signed with an American company
since 1952.
Metals Markets Continue Strong Performance:
With Gold's seven week high and Tin's all time high,
with Silver's strength despite forecasts for a decline
in demand and with recent projections that China's Zinc
consumption could rise as much as 56% by 2010 --
total revenues and profits from both the Cerro Rico
and Pulacayo projects stand to increase significantly
as world-wide demand and pricing continue these
upward trends.
Cerro Rico de Potosi: Franklin's partnership agreement -
with COMIBOL to begin redevelopment of -
the historic Cerro Rico de Potosi Silver Mine -
promises to yield significant profits which will be
shared equally by Franklin and COMIBOL once Franklin's
initial investment has been repaid -
The pilot plant necessary to process tailings is now
in La Paz, Bolivia and ready to be relocated to
the Pulacayo work site -
(please see our Jan 9, 2007 Press Release on this project).
Additional information on Franklin projects can be found at
http://www.franklinmining.com.
About Franklin Mining, Inc.
Franklin Mining, Inc.
has interests in the United States,
Argentina and Bolivia
which include a wholly owned subsidiary,
Franklin Mining, Bolivia,
as well as 51% interest in -
Franklin Oil & Gas, Bolivia
and 51% interest in Franklin Oil & Gas, Argentina -
Note. WHAT MADE CERRO RICO SO BIG? -
Cerro Rico dominates the town of Potosi, and
its Ag production has never been matched.
When one compares Cerro Rico to other BPV deposits,
three features stand out as being exceptional:
* The phenomenal Silver resource -
with Zinc, Lead, Tin, PM's Gold etc. -
* Cerro Rico - INCA - has produced -
almost five times more Silver than any other BPV deposit -
* still only at the top of the huge deeper deposits -
still intact 3500 m above sea level -
still mining can be done to 25000' below sea level -
FMNJ - Mission -
Franklin Mining - Cerro Rico Palivari II Alternative III - Bolivia -
http://tinyurl.com/y54k7r
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http://www.siliconinvestor.com/subject.aspx?subjectid=56926
Investors 'to pile into Gold' -
19/01/2007 07:18
Market recovery seen for Gold -
Johannesburg - GFMS, the metals consultancy, says investors
will drive gold through $670/oz in the first half of 2007
as they pile into the yellow metal.
"We should be seeing prices getting in the $670s in
the first half, although it is less certain we will see
the recent high of $725 surpassed,"
said chief executive, Paul Walker, in Toronto
at the release of the second update to the
consultancy's Gold Survey 2006 report.
Walker adds that the 25-year high achieved in the second
quarter last year could still be surpassed further into
the year, or possibly in 2008, "especially if the situation
in the Middle East deteriorates significantly, driving oil
prices higher".
End quote.
http://www.fin24.co.za/articles/economy/display_article.aspx?Nav=ns&lvl2=econ&ArticleID=1518....
http://www.investorshub.com/boards/board.asp?board_id=5404
http://www.investorshub.com/boards/board.asp?board_id=5406
Aurizon estimates that Casa Berardi Gold Mine -
will produce approximately 185,000 ounces of Gold in 2007 -
at a total cash cost of US$250 per ounce -
using a Canadian dollar exchange rate
of 1.13. -
Aurizon Produces 17,731 Ounces of Gold in 2006 -
Thursday January 11, 9:00 am ET
VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Jan 11, 2007 --
Aurizon Mines Ltd. -
(TSX:ARZ.TO - News)(AMEX:AZK - News) is pleased to announce that 17,731 ounces of gold were produced in 2006 at its 100% owned Casa Berardi Mine, in north-western Quebec, since start-up of production in early November, 2006.
Mine operations at Casa Berardi remain on schedule to achieve commercial production in the first quarter of 2007, with production gradually increasing from an initial rate
of 1,600 tonnes per day to 2,200 tonnes per day by
the end of 2007.
The following important initial start-up milestones have
been achieved:
- A total of 68,481 tonnes of ore were milled at an average gold grade of 8.6 grams per tonne, which compares favourably with the reserve grade of 7.8 grams per tonne.
- Mill recoveries of 93.9% were achieved, which compares favourably to the 91% recoveries estimated in the feasibility study.
- Gold production totalled 17,731 ounces.
- At December 31, 2006, Aurizon had sold 6,882 ounces of gold from Casa Berardi at a price of US$625 per ounce, for total proceeds of CDN$5.0 million.
"We are very pleased with the initial start up of the Casa Berardi Mine," said David P. Hall, President and Chief Executive Officer of Aurizon. "We would like to thank our employees and the contractors involved for the significant achievements made to date."
Aurizon estimates that Casa Berardi will produce approximately 185,000 ounces of gold in 2007 at a
total cash cost of US$250 per ounce, using a
Canadian dollar exchange rate of 1.13.
Aurizon is a gold producer with a growth strategy focused on developing its existing projects in the Abitibi region of north-western Quebec, one of the world's most prolific gold
and base metal regions, and by increasing its asset
base through accretive transactions.
Aurizon shares trade on the Toronto Stock Exchange under
the symbol "ARZ" and on the American Stock Exchange under
the symbol "AZK". Additional information on Aurizon and its properties is available on Aurizon's website at http://www.aurizon.com.
FORWARD-LOOKING STATEMENTS
This News Release contains "forward-looking statements".
These forward-looking statements include,---- Report on
Form 40-F filed with the United States Securities
and Exchange Commission. These documents are available
on Sedar at www.sedar.com and on Edgar at
www.sec.gov.
U.S. Registration: (File #0-22672)
Contact:
Contacts:
Aurizon Mines Ltd.
David Hall
President
(604) 687-6600 or Toll Free: 1-888-411-GOLD
Aurizon Mines Ltd.
Ian S. Walton
Chief Financial Officer
(604) 687-6600 or Toll Free: 1-888-411-GOLD
(604) 687-3932 (FAX)
Email: info@aurizon.com
Website: http://www.aurizon.com
Source: Aurizon Mines Ltd.
http://biz.yahoo.com/iw/070111/0202265.html
http://www.investorshub.com/boards/board.asp?board_id=6953
Top 5 Picks for 2007
Posted By: GreatTrades
Post Time: 1/2/2007 14:31
Here are our top 5 stock picks for 2007.
We believe all of these stocks should be great
long-term investments and are worth accumulating
at current levels or lower.
Our top 5 picks for 2006 were up over 40% after one month, after which we sold all except the commodity stock
and shifted to a focus on long-term investments in
undervalued commodity stocks, shifting from
the greattrades blog to the greatinvestments blog.
The one top pick for 2006 we held on to was up
over 266% for the year.
Roxmark Mines (RMKL in Canada, $0.21)
As we mentioned last month, Roxmark Mines
(RMKMF in the U.S. or RMKL on the CNQ exchange)
should get listed on the Toronto Venture exchange very soon, which should bring in new investors who haven't been able
to buy the stock on the little known CNQ exchange.
By the end of the year Roxmark should be in full
production with their molybdenum mine and move
toward 2008 production with at least one of
their 6 former producing gold mines.
The current market cap is around the same value
or less than the value of their modern mill,
which can process both molybdenum and gold,
so there's little downside risk
and very high upside from the coming molybdenum
and gold production.
This article from last spring has a great
description of the Roxmark story:
http://www.321gold.com/editorials/moriarty/moriarty042006.html.
Roxmark Mines Ltd Gold $640/oz +$4.0 per ounce -
RMKL - is trading in Canada today -
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Volume 20,000
10D Ave Vol 149,990
http://www.cnq.ca/Page.asp?PageID=2013&AA_RecordID=91
HON. RON PAUL OF TEXAS -
Before the U.S. House of Representatives -
The End of Dollar Hegemony -
http://video.google.ca/videoplay?docid=-8327695139643041382&q=gold+money
Richest Old Gold Mines Canada on firesale -
Your best bet to find Gold -
its were it found before -
Roxmark Gold $639.80/oz +$0.10 per ounce -
Roxmark to be new Goldcorp copycat -
the richest Gold Mines in Canada bargain -
http://www.cnq.ca/Page.asp?PageID=2013&AA_RecordID=91
http://www.cnq.ca/Page.asp?PageID=2013&AA_RecordID=91
Happy New Year
Happy New Year -
HON. RON PAUL OF TEXAS -
Before the U.S. House of Representatives -
The End of Dollar Hegemony -
http://tinyurl.com/uq9kf
UCOI -
Deer Trail Mine Mill and Processing Facility -
UCOI DTM Mill - Utah, US Gold & Silver PM's mining beauty -
UCOI -
Happy New Year -
Great 2007 Long Team -
http://www.investorshub.com/boards/board.asp?board_id=6582
Richest Old Gold Mines Canada on firesale -
Your best bet to find Gold -
its were it found before -
Roxmark Gold $636.00/oz +$1.80 per ounce -
Roxmark to be new Goldcorp copycat -
Roxmark Mines Ltd (RMKL)
AlphaTrade.com
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Volume 99,000
10D Ave Vol 142,990
The Volume 99,000 - 10D Ave Vol 142,990 - signal $.30 soon -
its not much left to get - its a start -
the richest Gold Mines in Canada firesale bargain -
http://www.cnq.ca/Page.asp?PageID=2013&AA_RecordID=91
http://www.cnq.ca/Page.asp?PageID=2013&AA_RecordID=91
RE:
northernbass - $15...one can only wish -
MARKET BY ORDER -
take in to account - the modern mining goes down to 25000' deepth
the old great rich Canadian mines - only confirm -
that much greater treasure will be found deeper down -
just like Red Lake - who all said was outmined -
before a wildcat drill was placed at the deepest workings -
and confirmed the grade was double as rich further down -
the deeper Gold go - the richer the Gold ore -
also take in to account - that the fiat$paper will be
worthless soon with more hyperinflasion and ludicros printing
madness gov. nuthouses -
if you get a loaf of bread for a million fiat$? -
when the real gov. dept get to be known -
you will be lucky -
Got Roxmark the old Gold and Moly Mines -
http://www.cnq.ca/Page.asp?PageID=2013&AA_RecordID=91
http://www.cnq.ca/Page.asp?PageID=2013&AA_RecordID=91
http://www.investorshub.com/boards/board.asp?board_id=1499
DJ MARKET TALK: Oil, Dollar, Support Comex Gold & Silver -
1419 GMT [Dow Jones] - Comex Gold and Silver remain sharply higher after fund buying -
Futures.
Our classic Gold & Silver rally continues -
A "successful rollover"
in which traders have been willing to
stay in Gold and Silver rather than
exiting en masse ahead of first-notice day on Thursday.
Feb Gold has added $9.20 to $651, while
March Silver is up 27 cents to $14.03 -
The dollar is down and oil is up -
The euro has risen to $1.3197 from $1.3155 late Wednesday, while
Jan crude has added 42 cents to $62.88 -
U.S $ INDEX (NYBOT:DX) -
Are the lemmings following LT Bucky? -
FMNJ - dd --
http://www.franklinmining.com/Home/tabid/1215/Default.aspx
Cerro Rico, or “Rich Mountain” -
The Worlds Richest Silver Mines -
has been mined for more than -
- 500 years -
Est. 1864 -
http://www.franklinmining.com/Projects/HardRockProjects/CerroRicoPalivariIIAlternativeIIIBolivia/tab....
http://www.investorshub.com/boards/board.asp?board_id=5406
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