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americano, well You got it right -
plenty of minners ready to go to work -
once the green light is turned on -
many will leave the cocaine ranches -
across Bolivia farming and enter -
the more higher payed mining works -
Btw. Luciano Daniel, a 666 - arrested after a gun battle -
on his ranch, is accused of smuggling 300kg -
(660lb) of cocaine paste from Bolivia each month -
http://tinyurl.com/k2w7c
US aid to Bolivia will contribute -
to create more work -
and don't want the cocaine farming -
http://www.usaidbolivia.org.bo/
All the Lord Blessings - goes hand in hand -
- FMNJ needs our Trust now! -
- many hard working miners in Potosi -
wish FMNJ mission to soon be in Potosi production -
to give the children mission and all a success -
most folks who succeed do so because they are -
determined and in a good mission to -
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 Jun 2006:
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 -
Ex. biggest money scheme scam in US History -
http://www.wtv-zone.com/Mary/FEDERALRESERVE.HTML
http://www.goldrush21.com/
http://www.usaidbolivia.org.bo/
FMNJ - got the worlds richest Silver Mine -
You finding more FMNJ info on the link below -
http://www.investorshub.com/boards/board.asp?board_id=5406
http://news.bbc.co.uk/2/hi/business/5115920.stm
Always make sure to do your own
DD -- don't listen to my dd ---
http://www.franklinmining.com/Home/tabid/1215/Default.aspx
Imo. Thanks for your participations -
Brgds
Bob
In God We Trust
Franklin Mines - San Miguel Vein --
Est. 1864 - history -
The first silver mining in the Bolivian Andes
was done 400 years earlier than previously believed,
according to a National Geographic study.
The accumulation of the metal in nearby lake
sediments indicates a large pre-Inca silver
industry.
Ancient Iberian silver coins—not known to be
made from the Bolivian silver—are
pictured above.
Sediment core from the deepest part of the lake
nearest to Cerro Rico, the largest silver deposit
in the Bolivian silver belt.
By analyzing the accumulation of metals associated
with smelting, a heating process used to separate
metals, like silver, from ore, they were able to
detect spikes in the metal concentrations that are
indicative of heavy mining.
The data suggest that several thousand tons of silver
were produced in pre-Inca times.
There is much in these interviews on people's
beliefs and on the history to them.
There are references to Inca and pre-Inca
traditions, as well as the Catholic faith.
Each village has its patron saint and,
it is often remarked, such celebrations draw
back urban migrants year after year:
"when they go and live in other cities
the children come back for the fiestas
and celebrate with their brothers in
the community.
They never forget the saint's days.
But we keep our customs here I think,
more than in the cities".
Not surprisingly, many festivals blend
Catholicism with agrarian traditions.
And despite the changes to landscape
and lifestyle which the mining industry
brought with it, people continue to
celebrate a strong spiritual bond with
the land, and especially with
Cerro Rico - "Grandfather Mountain",
"the Great Shepherd" - who according
to belief, looks after the spirit.
There are also some beliefs specifically
connected with the mining industry, including
one that women must not enter the mines
because tragedy will follow, and different
legends about who first discovered
the region's mineral wealth.
The Day of the Dead is another powerful
tradition.
As one man, who has much to say on local
customs and beliefs, explains:
"Here in the Andes, the first and second
of November are days when we feel, perhaps
subconsciously, we'll be with our absent
loved ones again.
That's why big family groups invade
the cemeteries - after saying a prayer -
and singing - we decorate the graves
and plant things.
The families also eat local dishes,
like charquican (dried llama meat).
Everyone eats round the grave,
and drinks a little beer or maybe
a little caliche"
FMNJ - old miner - understand the
history traditions spirits -
most important to local miners -
some suicide ills by 666 intr. -
has to end by -
the FMNJ - hi-tech and
more of - the Lords -
blessed mission -
- i see some great Potosi processing plants -
May 22, 2006 - 11:04 AM EDT
COMIBOL Approves Franklin's First Cerro Rico -
de Potosi Processing Plant
Franklin Mining, Inc. has received a letter
from COMIBOL's Technology Department authorizing
an initial 1,000 ton processing plant -
- FMNJ - Jamie working with it -
- they have been by bureaucrats neglected -
for many years -
- no one had the knowledge how to run them -
- with pro. eng. care and proper maintenance etc. -
- FMNJ - has got the Trust from the bureaucrats &
- cooperation of Miners -
- FMNJ needs our Trust now! -
- its hard working miners in Potosi -
wish FMNJ mission to soon be in Potosi production -
to give the children mission and all a success -
most folks who succeed do so because they are -
determined and in a good mission to -
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 Jun 2006:
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 -
Ex. biggest money scheme scam in US History -
http://www.wtv-zone.com/Mary/FEDERALRESERVE.HTML
http://www.goldrush21.com/
http://www.usaidbolivia.org.bo/
FMNJ - got the worlds richest Silver Mine -
You finding more FMNJ info on the link below -
http://www.investorshub.com/boards/board.asp?board_id=5406
http://news.bbc.co.uk/2/hi/business/5115920.stm
Always make sure to do your own
DD -- don't listen to my dd ---
http://www.franklinmining.com/Home/tabid/1215/Default.aspx
Imo. Thanks for your participations -
Brgds
Bob
In God We Trust
Franklin Mines - San Miguel Vein --
Est. 1864 - history -
The first silver mining in the Bolivian Andes
was done 400 years earlier than previously believed,
according to a National Geographic study.
The accumulation of the metal in nearby lake
sediments indicates a large pre-Inca silver
industry.
Ancient Iberian silver coins—not known to be
made from the Bolivian silver—are
pictured above.
Sediment core from the deepest part of the lake
nearest to Cerro Rico, the largest silver deposit
in the Bolivian silver belt.
By analyzing the accumulation of metals associated
with smelting, a heating process used to separate
metals, like silver, from ore, they were able to
detect spikes in the metal concentrations that are
indicative of heavy mining.
The data suggest that several thousand tons of silver
were produced in pre-Inca times.
There is much in these interviews on people's
beliefs and on the history to them.
There are references to Inca and pre-Inca
traditions, as well as the Catholic faith.
Each village has its patron saint and,
it is often remarked, such celebrations draw
back urban migrants year after year:
"when they go and live in other cities
the children come back for the fiestas
and celebrate with their brothers in
the community.
They never forget the saint's days.
But we keep our customs here I think,
more than in the cities".
Not surprisingly, many festivals blend
Catholicism with agrarian traditions.
And despite the changes to landscape
and lifestyle which the mining industry
brought with it, people continue to
celebrate a strong spiritual bond with
the land, and especially with
Cerro Rico - "Grandfather Mountain",
"the Great Shepherd" - who according
to belief, looks after the spirit.
There are also some beliefs specifically
connected with the mining industry, including
one that women must not enter the mines
because tragedy will follow, and different
legends about who first discovered
the region's mineral wealth.
The Day of the Dead is another powerful
tradition.
As one man, who has much to say on local
customs and beliefs, explains:
"Here in the Andes, the first and second
of November are days when we feel, perhaps
subconsciously, we'll be with our absent
loved ones again.
That's why big family groups invade
the cemeteries - after saying a prayer -
and singing - we decorate the graves
and plant things.
The families also eat local dishes,
like charquican (dried llama meat).
Everyone eats round the grave,
and drinks a little beer or maybe
a little caliche"
FMNJ - old miner - understand the
history traditions spirits -
most important to local miners -
some suicide ills by 666 intr. -
has to end by -
the FMNJ - hi-tech and
more of - the Lords -
blessed mission -
- i see some great Potosi processing plants -
May 22, 2006 - 11:04 AM EDT
COMIBOL Approves Franklin's First Cerro Rico -
de Potosi Processing Plant
Franklin Mining, Inc. has received a letter
from COMIBOL's Technology Department authorizing
an initial 1,000 ton processing plant -
- FMNJ - Jamie working with it -
- they have been by bureaucrats neglected -
for many years -
- no one had the knowledge how to run them -
- with pro. eng. care and proper maintenance etc. -
- FMNJ - has got the Trust from the bureaucrats &
- cooperation of Miners -
- FMNJ needs our Trust now! -
- its hard working miners in Potosi -
wish FMNJ mission to soon be in Potosi production -
to give the children mission and all a success -
most folks who succeed do so because they are -
determined and in a good mission to -
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 Jun 2006:
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 -
Ex. biggest money scheme scam in US History -
http://www.wtv-zone.com/Mary/FEDERALRESERVE.HTML
http://www.goldrush21.com/
http://www.usaidbolivia.org.bo/
FMNJ - got the worlds richest Silver Mine -
You finding more FMNJ info on the link below -
http://www.investorshub.com/boards/board.asp?board_id=5406
http://news.bbc.co.uk/2/hi/business/5115920.stm
Always make sure to do your own
DD -- don't listen to my dd ---
http://www.franklinmining.com/Home/tabid/1215/Default.aspx
Imo. Thanks for your participations -
Brgds
Bob
In God We Trust
makesumgravy - one thing that central bank maneuvers
have caused is a crash in global equity markets.
http://news.bbc.co.uk/2/hi/americas/4290944.stm
- if a financial crisis were to ensue as a result -
we believe Gold will once again a LT shine.
Biggest Scam In History -
http://www.wtv-zone.com/Mary/FEDERALRESERVE.HTML
The Central Bank - Fiat Papers at a Glance -
June 2006 -
Given the drubbing that has taken place in the markets over the
past month or so - what may be happening in these rather
turbulent times.
Given the violence of the recent market correction, investors
cannot be blamed for believing that a global meltdown is taking
place, the brunt of which is being felt in the sectors that have
heretofore performed the best;
i.e., commodities, energy, and gold.
There can be no denying that the first quarter was a “great
year” for commodity investors.
Commodity prices, and commodity equities, soared.
So much so that one could take the pragmatic view that
commodities et al were “overbought” and therefore due for a
correction.
However, we are of the belief that there are greater
machinations at work beneath the surface than mere technical
indicators.
There is a chess - banksters game of paramount
importance being played that is driving current market
conditions... at least in the short term.
The game of chess in question pits the world’s central banks
against the “free” markets.
The opening move in the centralbanks’ repertoire was a gambit.
This occurred, not coincidentally, at the same time that
commodity prices were hitting new highs and gold was breaking
out above $700 per ounce.
In chess parlance, a gambit is a ruse or trick in the
form of a sacrifice of material (usually a pawn) with the hope
of gaining a decisive advantage in space and time early in the
game.
If this advantage isn’t made to count (i.e. the bankers’
initiative peters out), then the market’s advantage in material
will eventually win the day. We’ll call this opening the
Central Bank Gambit.
It is a desperate move to take control of an inflationary
environment where they may already have lost control.
For now the central banks have the initiative and are
on the attack.
But if the markets are able to hang on, then they
will win the endgame and checkmate the central banks.
So what does chess have to do with financial markets, you may
ask? It goes without saying that it has been of no small concern
to the central banks that commodities have had a spectacular run
in the first four and a half months of the year.
Gold started the year at $515 per ounce.
It peaked in May at $730 per ounce.
Oil started the year at $61 per barrel.
It peaked in May at $75 per barrel.
Copper: $2.06 per pound at the start of the year, almost $4 per
pound in May.
Silver: $8.80 per ounce at the start of the year, $15.20 per
ounce in May.
This is on top of gains enjoyed since the commodity bull market
began in earnest in 2001.
Using the CRB Index as a proxy, commodities as a whole have
doubled in that time and some of the major commodities, such as
oil, copper, and iron ore, have done far better than that.
This commodity bull run has indeed been ubiquitous and
long lasting, with practically all commodities soaring with
hardly an exception.
In every which way it was reminiscent of hyperinflation.
Clearly, the central banks could not let this state of affairs
continue while at the same time claiming that inflation
was under control.
They realized that something had to be done.
Based on the latest inflation , annualized inflation is running
in excess of 5% so far this year.
By mid-May, the housing market was clearly in decline and
interest rates were rising across the yield curve.
The financial markets and the economy were being threatened.
Inflation had to be stopped in its tracks, come hell or high
water.
In many ways it was a desperate move – a gambit.
They had to reign in liquidity (or at least appear to do so)
and talk tough on inflation.
They knew full well that such a move would bring down global
equity markets as well.
But the stock markets were likely doomed regardless.
Better that they come down when commodities, and particularly
gold, are coming down as well, than to have a broad market crash
while gold continues to soar.
The central banks wanted to preemptively discredit gold as the
“flight to safety” investment vehicle.
They wanted to ensure that gold won’t be the place to hide when
global liquidity takes it on the chin and forces asset prices
down.
That was the move envisioned, not just by the Federal Reserve,
but by central banks around the world.
The central banks conspired to raise rates in tandem, some
unexpectedly.
Recently we’ve seen the European Central Bank, India, South
Korea, South Africa, Turkey, Denmark, Thailand, and
Switzerland all raise interest rates within days of each other.
Japan proclaimed the imminent end of “quantitative easing” and
the Yen carry trade.
Then came the tough talk on inflation by the world’s central
bankersters.
It was a mass chorus: a newfound vigilance on inflation –
it must be quelled at all cost.
The primary target: gold.
Gold took the brunt of the central banks’ attack.
The price of gold is the outwardly public manifestation of
inflation.
By bringing down gold it was hoped that other commodities would
be taken down as well, thus easing inflationary fears.
But therein lies the Achilles Heel of the central banks, and
what will ultimately prove their gambit to be unsound.
Under a fiat currency system, the central banks are the
undisputed masters of paper…
but they are rather impotent when it comes to controlling the
market for “real” things.
As such, there is little they can do to manipulate the markets
for things like oil and copper
– the markets for these commodities are just too big.
Oil, for example, trades to the tune of six billion dollars per
day and is too large for central banks to have any say over.
The market for gold, on the other hand, is only 1/30th the size
and the easiest commodity to manipulate in the short term.
Furthermore, the central banks still have some gold in their
vaults as added ammunition.
So the game plan was simple: hammer gold and cause a selling
panic in all commodities.
Although some kind of correction may have been expected in
commodities given the magnitude of their escalation in such a
short period of time, the violence of it was orchestrated and in
every which way intended and cajoled by central bank action.
Be that as it may, investors in “real” things can take heart in
the chart on the top of the next page:
In our opinion, this chart epitomizes the futility of the
Central Bank Gambit.
Merely looking at the upper black line, much has been made of
the equity market turnaround in the past three years.
It appears to be up 50% from the bottom;
albeit, still down 18% from its 2000 peak.
Nonetheless, it would seem that copious amounts of Fed
liquidity have successfully reversed the ill-effects of the
stock market crash of 2000.
Chalk one up for monetary policy!
The blue line, on the other hand, tells an altogether different
story.
This line measures the performance of the S&P 500 in
inflation-adjusted Euros.
Here the comeback has been much less impressive.
In fact, there has hardly been a comeback at all.
This is the performance that a foreign investor might see.
A US equity market that is still flailing along the bottom,
and down 42.5% from its peak to boot.
Using gold as the “base currency” (appropriately, the gold line
in the above chart), the performance of the US stock market has
been even more dismal.
The S&P still looks like it’s in freefall!
Perhaps even more interestingly, the recent drubbing of gold in
the past month (resulting in an ever so slight uptick in the S&P
relative to gold) has hardly changed the picture at all.
The S&P is still down almost 60% from its peak relative to gold.
So has the Fed, through easy monetary policy, successfully
fought off the bursting of the stock market bubble of
2000? In nominal terms yes. In real terms no.
This goes to show that the Fed is in a box when it comes to
manipulating markets.
It is unable to prop up the markets relative to “real” things,
regardless of how much liquidity it provides and how much money
it prints.
Gold, commodities, and all things real have been the places
to be this decade and, in our opinion, will continue to be so.
Nothing has changed regarding our view on inflation.
The economic policies of the US, in the form of twin
deficits and reliance on asset bubbles for economic growth, have
been fundamentally unsound and this is being reflected in the
value of the dollar.
In spite of recent feather pluming on inflation, we do not
believe that central bankers are serious about pulling the reins
on inflation at any cost.
They may talk the talk, but when push comes to shove they won’t
be able to walk the walk.
Historically, central bankers have been chronic debasers
of money over time.
They are addicted to money-induced asset bubbles.
Although the central banks don’t mind seeing gold and commodity
prices crash, history shows that they have a soft spot for
equity and housing markets.
Nary has a crash ever occurred in these areas without the
central banks turning on the spigots.
Highly doubt it will be any different this time.
This is why we believe the Central Bank Gambit will ultimately
backfire, as all orchestrated market manipulations do.
Not only is gold and silver now cheaper to buy, but its
underlying fundamentals (shortage of supply versus demand)
remain as favourable as ever.
Furthermore, high prices in other major commodities have
failed to impede demand.
It only stands to reason that the likelihood of shortages will
only be greater at the artificially-induced lower prices that
the central banksters want.
Although the correction was a painful one (as it was intended to
be), we believe the long term trend for commodities remains
intact.
It is also worth noting that the price of oil has barely
budged, remaining in the $70 per barrel range in spite of the
liquidity scare.
One thing that central bank maneuvers have caused is a crash in
global equity markets.
http://news.bbc.co.uk/2/hi/americas/4290944.stm
If a financial crisis were to ensue as a result, we believe
Gold will once again a LT shine.
http://www.investorshub.com/boards/board.asp?board_id=5404
http://www.investorshub.com/boards/board.asp?board_id=5406
Gold up, dollar sags on N. Korea missles -
July 6 --
Continued geopolitical tensions after North Korean
missile tests, a softer U.S. dollar and technical
factors all combined to push gold futures higher
in New York Thursday, traders and analysts said.
The COMEX August gold contract settled up $6.60
to $636.30.
Gold peaked at $637, its strongest level since June 6.
September silver closed up 17 cents to $11.585 an ounce
and peaked at $11.64 -
its most muscular level since June 8.
A combination of factors helped fuel the rally -
including a softer U.S. dollar, reported Jim Steel,
metals analyst with HSBC.
As Gold was closing, the euro had risen to $1.2766
from $1.2725 late Wednesday.
"There are also increased geopolitical tensions,"
said Steel. "The latest is that they (North Korea)
might test more missiles.
It strikes me that risk of all kinds is being priced
back into the market."
The North Korean Foreign Ministry has maintained that
the country has the right to missile tests and argued
that they are necessary for defense.
Traders also have been citing ongoing concerns about
Iran's nuclear program.
"The market has been pretty bullish for a while,"
said one trader.
The futures have been on an upswing since a
less-hawkish-than-feared statement from the Federal
Open Market Committee one week ago.
"It's all technically driven," continued the trader.
"People who did not want to get in at the top were
looking for a dip to get in.
Sub-$600 was cheap Gold.
So end users, new investors and everybody is trying
to get in there.
With geopolitical tensions supporting metals in general,
some traders have been willing to buy, while there also
has been a reluctance of most to try
shorting the market, the trader added.
"If they (metals) don't rally, they're certainly not going
to come in $40 lower right now," said the trader.
"People don't want to be caught short now
for certain."
Settlements (open-outcry trading only):
London PM Gold Fix: $626 Versus $623 Wednesday
U.S. spot gold at 1:43 p.m. ET: $634.60, up $6.30 from previous day; Range:
$622-$635.30
August gold (RGCQ06) $636.30, up $6.60; Range $625.80-$637
September silver (RSIU06) $11.585, up 17 cents; Range $11.28-$11.64
October platinum (RPLV06) $1,249.60, up $1; Range $1,235.50-$1,249.80
September palladium (RPAU06) $330.85, up $3.15; Range $322-$331.80
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 Jun 2006:
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 -
Ex. biggest money scheme scam in US History -
http://www.wtv-zone.com/Mary/FEDERALRESERVE.HTML
http://www.goldrush21.com/
http://www.usaidbolivia.org.bo/
FMNJ - got the worlds richest Silver Mine -
You finding more FMNJ info on the link below -
http://www.investorshub.com/boards/board.asp?board_id=5406
http://news.bbc.co.uk/2/hi/business/5115920.stm
Always make sure to do your own
DD -- don't listen to my dd ---
http://www.franklinmining.com/Home/tabid/1215/Default.aspx
Imo. Thanks for your participations -
Brgds
Bob
In God We Trust
hettygreen -
in 01 and 02 the oil price lower -
TGC earnings lower - the share
price got lower -
today a turn around starting -
reflexion to the share price soon -
http://www.investorshub.com/boards/read_msg.asp?message_id=11911423
God Bless America!!!
brentjanice,
i got an e-mail from
a SPRL shareholder -
sent me this info on SPRL -
I'm hearing good things...
CEO is in Russian right now -
it was before Christmas I last
talked with Sam -
He was excited for all Russian
SPRL oil projects -
OT.
btw. Brent,
I am also excited in UNCN in Utah -
http://tinyurl.com/r75y2
- are You living anywere near
the UNCN gold mines?
TIA
Bob
Top British surgeons have accused China -
of harvesting organs from thousands of -
executed prisoners to sell for transplants -
they say the practice, which Chinese officials
have denied, is a breach of human rights -
Jill McGivering reports.
http://search.bbc.co.uk/cgi-bin/search/results.pl?scope=all&edition=i&q=China+prison&go.....
http://www.christianpersecution.info/news/china-arrests-nearly-2000-christians-in-12-months-report-s....
To All Christians & God's People Worldwide -
Join to Pray for all in China -
for Prayer is nothing else than being on terms -
of friendship with our God -
God made the world for us to live together -
in peace and not fight -
accustom yourself continually to make -
many acts of love -
for they enkindle and melt the soul -
our souls may lose their peace -
and even disturb other people's -
if we are always criticizing trivial actions -
which often are not real defects at all -
but we construe them wrongly through -
our ignorance of their motives -
don't let your sins -
turn into bad habits -
let's do all we can for our -
Sisters & Brothers in China -
Amen
Missy - Franklin FMNJ - TA -
Est. 1864 -
Franklin Mining - FMNJ - TA -
FMNJ - TI - Oscillator (MACD)
BUY - when the Oscillator crosses ABOVE its average -
Or, with MACD - BUY - when historgram crosses above
the zero line -
FMNJ - moving back UP -
You want to join the FMNJ - TEAM -
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 Jun 2006:
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 -
Ex. biggest money scheme scam in US History -
http://www.wtv-zone.com/Mary/FEDERALRESERVE.HTML
http://www.goldrush21.com/
http://www.usaidbolivia.org.bo/
FMNJ - got the worlds richest Silver Mine -
You finding more FMNJ info on the link below -
http://www.investorshub.com/boards/board.asp?board_id=5406
http://news.bbc.co.uk/2/hi/business/5115920.stm
Always make sure to do your own
DD -- don't listen to my dd ---
http://www.franklinmining.com/Home/tabid/1215/Default.aspx
Imo. Thanks for your participations -
Brgds
Bob
In God We Trust
Franklin FMNJ - TA -
Est. 1864 -
Franklin Mining - FMNJ - TA -
FMNJ - TI - Oscillator (MACD)
BUY - when the Oscillator crosses ABOVE its average -
Or, with MACD - BUY - when historgram crosses above
the zero line -
FMNJ - moving back UP -
You want to join the FMNJ - TEAM -
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 Jun 2006:
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 -
Ex. biggest money scheme scam in US History -
http://www.wtv-zone.com/Mary/FEDERALRESERVE.HTML
http://www.goldrush21.com/
http://www.usaidbolivia.org.bo/
FMNJ - got the worlds richest Silver Mine -
You finding more FMNJ info on the link below -
http://www.investorshub.com/boards/board.asp?board_id=5406
http://news.bbc.co.uk/2/hi/business/5115920.stm
Always make sure to do your own
DD -- don't listen to my dd ---
http://www.franklinmining.com/Home/tabid/1215/Default.aspx
Imo. Thanks for your participations -
Brgds
Bob
In God We Trust
Franklin FMNJ - TA -
Est. 1864 -
Franklin Mining - FMNJ - TA -
FMNJ - TI - Oscillator (MACD)
BUY - when the Oscillator crosses ABOVE its average -
Or, with MACD - BUY - when historgram crosses above
the zero line -
FMNJ - moving back UP -
You want to join the FMNJ - TEAM -
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 Jun 2006:
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 -
Ex. biggest money scheme scam in US History -
http://www.wtv-zone.com/Mary/FEDERALRESERVE.HTML
http://www.goldrush21.com/
http://www.usaidbolivia.org.bo/
FMNJ - got the worlds richest Silver Mine -
You finding more FMNJ info on the link below -
http://www.investorshub.com/boards/board.asp?board_id=5406
http://news.bbc.co.uk/2/hi/business/5115920.stm
Always make sure to do your own
DD -- don't listen to my dd ---
http://www.franklinmining.com/Home/tabid/1215/Default.aspx
Imo. Thanks for your participations -
Brgds
Bob
In God We Trust
Franklin FMNJ - TA -
Est. 1864 -
Franklin Mining - FMNJ - TA -
FMNJ - TI - Oscillator (MACD)
BUY - when the Oscillator crosses ABOVE its average -
Or, with MACD - BUY - when historgram crosses above
the zero line -
FMNJ - moving back UP -
You want to join the FMNJ - TEAM -
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 Jun 2006:
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 -
Ex. biggest money scheme scam in US History -
http://www.wtv-zone.com/Mary/FEDERALRESERVE.HTML
http://www.goldrush21.com/
http://www.usaidbolivia.org.bo/
FMNJ - got the worlds richest Silver Mine -
You finding more FMNJ info on the link below -
http://www.investorshub.com/boards/board.asp?board_id=5406
http://news.bbc.co.uk/2/hi/business/5115920.stm
Always make sure to do your own
DD -- don't listen to my dd ---
http://www.franklinmining.com/Home/tabid/1215/Default.aspx
Imo. Thanks for your participations -
Brgds
Bob
In God We Trust
Hard to believe TGC is so low priced -
TGC - undervalued - oversold -
- strategic bargain -
TGC needs to GO back UP -
well, i am a LT shareholder
since many years -
old timer You may say -
but we provided TGC -
opportunity today -
http://www.amex.com/?href=/newsDetails/CmnNewsDet.jsp?id=XpressFeed_NewsDetails_1152222677269.html
In God We Trust.
Hard to believe TGC is so low priced -
TGC - undervalued - oversold -
- strategic bargain -
TGC needs to GO back UP -
well, i am a LT shareholder
since many years -
old timer You may say -
but we provided TGC -
opportunity today -
http://www.amex.com/?href=/newsDetails/CmnNewsDet.jsp?id=XpressFeed_NewsDetails_1152222677269.html
In God We Trust.
ECB unch May toughen "tone"
hhttp://www.bloomberg.com/apps/news?pid=2...
Bank of England Keeps Rate Unchanged for 11th Month
(Update3)
July 6 (Bloomberg) -- The Bank of England kept its benchmark interest rate unchanged for an 11th month as economic growth accelerated without stoking inflation.
The seven policy makers, the fewest since 1997, decided to leave the rate at 4.5 percent, in line with the prediction of all 40 economists surveyed by Bloomberg News. The committee, which has been one short since Richard Lambert left prematurely in March, lost another member when David Walton unexpectedly died last month. Minutes showing the vote will be released July 19.
The $2 trillion economy is continuing to show ``steady' growth as consumer spending and exports pick up, while record oil costs haven't yet sparked higher wages, Bank of England Governor Mervyn King said June 29. Investors pared bets on a rate increase after death of Walton, who had been arguing that upside risks to inflation warrant higher borrowing costs.
``We think the bank will remain on hold for quite some time as the economy has firmed but inflation pressures remain subdued enough,' said Holger Schmieding, an economist at Bank of America in London. ``Walton was the sole voice in favor of an increase.'
The yield on the interest-rate futures contract maturing in December stayed at 4.94 percent after the decision in London as of 12:55 p.m. and is down from 5.06 percent the day before Walton died. It settles to the three-month London inter-bank offered rate for the pound, which has averaged about 0.15 percentage point more than the central bank's benchmark rate for the past decade.
The pound was little changed against the dollar at $1.8362.
Faster Growth
The economy maintained the fastest pace of growth in a year in the first quarter, expanding 0.7 percent from the previous three months, the government said June 30, revising up its previous estimate by 0.1 of a percentage point.
Growth is rebounding from a 13-year low in 2005 after oil prices surged and the housing market and consumer spending sputtered. The Bank of England expects the economy to expand about 2.6 percent this year, up from 1.9 percent in 2005, as trade and business investment take over from consumer and government spending as the drivers of growth.
The bank says inflation, which breached its 2 percent target in May, will moderate to that level later this year.
British manufacturers are benefiting from stronger demand from Europe, the destination for more than 50 percent of U.K. goods exports. U.K. factory production rose 0.5 percent in May, a government report showed today, more than the 0.3 percent expected by economists surveyed by Bloomberg.
ECB, Fed
The European Cent (etc.
americano, that's right -
the fed may have to start lowering them as early -
as next meeting? or ECB unch May toughen "tone"
U.S. NATIONAL DEBT CLOCK
The Outstanding Public Debt -
as of Jun 2006:
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 -
Ex. biggest money scheme scam in US History -
http://www.wtv-zone.com/Mary/FEDERALRESERVE.HTML
http://www.goldrush21.com/
http://www.usaidbolivia.org.bo/
FMNJ - got the worlds richest Silver Mine -
You finding more FMNJ info on the link below -
http://www.investorshub.com/boards/board.asp?board_id=5406
http://news.bbc.co.uk/2/hi/business/5115920.stm
Always make sure to do your own
DD -- don't listen to my dd ---
http://www.franklinmining.com/Home/tabid/1215/Default.aspx
Imo. Thanks for your participations -
Brgds
Bob
In God We Trust
ECB unch May toughen "tone"
hhttp://www.bloomberg.com/apps/news?pid=2...
Bank of England Keeps Rate Unchanged for 11th Month
(Update3)
July 6 (Bloomberg) -- The Bank of England kept its benchmark interest rate unchanged for an 11th month as economic growth accelerated without stoking inflation.
The seven policy makers, the fewest since 1997, decided to leave the rate at 4.5 percent, in line with the prediction of all 40 economists surveyed by Bloomberg News. The committee, which has been one short since Richard Lambert left prematurely in March, lost another member when David Walton unexpectedly died last month. Minutes showing the vote will be released July 19.
The $2 trillion economy is continuing to show ``steady' growth as consumer spending and exports pick up, while record oil costs haven't yet sparked higher wages, Bank of England Governor Mervyn King said June 29. Investors pared bets on a rate increase after death of Walton, who had been arguing that upside risks to inflation warrant higher borrowing costs.
``We think the bank will remain on hold for quite some time as the economy has firmed but inflation pressures remain subdued enough,' said Holger Schmieding, an economist at Bank of America in London. ``Walton was the sole voice in favor of an increase.'
The yield on the interest-rate futures contract maturing in December stayed at 4.94 percent after the decision in London as of 12:55 p.m. and is down from 5.06 percent the day before Walton died. It settles to the three-month London inter-bank offered rate for the pound, which has averaged about 0.15 percentage point more than the central bank's benchmark rate for the past decade.
The pound was little changed against the dollar at $1.8362.
Faster Growth
The economy maintained the fastest pace of growth in a year in the first quarter, expanding 0.7 percent from the previous three months, the government said June 30, revising up its previous estimate by 0.1 of a percentage point.
Growth is rebounding from a 13-year low in 2005 after oil prices surged and the housing market and consumer spending sputtered. The Bank of England expects the economy to expand about 2.6 percent this year, up from 1.9 percent in 2005, as trade and business investment take over from consumer and government spending as the drivers of growth.
The bank says inflation, which breached its 2 percent target in May, will moderate to that level later this year.
British manufacturers are benefiting from stronger demand from Europe, the destination for more than 50 percent of U.K. goods exports. U.K. factory production rose 0.5 percent in May, a government report showed today, more than the 0.3 percent expected by economists surveyed by Bloomberg.
ECB, Fed
The European Cent (etc.
americano, that's right -
the fed may have to start lowering them as early -
as next meeting? or ECB unch May toughen "tone"
U.S. NATIONAL DEBT CLOCK
The Outstanding Public Debt -
as of Jun 2006:
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 -
Ex. biggest money scheme scam in US History -
http://www.wtv-zone.com/Mary/FEDERALRESERVE.HTML
http://www.goldrush21.com/
http://www.usaidbolivia.org.bo/
FMNJ - got the worlds richest Silver Mine -
You finding more FMNJ info on the link below -
http://www.investorshub.com/boards/board.asp?board_id=5406
http://news.bbc.co.uk/2/hi/business/5115920.stm
Always make sure to do your own
DD -- don't listen to my dd ---
http://www.franklinmining.com/Home/tabid/1215/Default.aspx
Imo. Thanks for your participations -
Brgds
Bob
In God We Trust
ECB unch May toughen "tone"
hhttp://www.bloomberg.com/apps/news?pid=2...
Bank of England Keeps Rate Unchanged for 11th Month
(Update3)
July 6 (Bloomberg) -- The Bank of England kept its benchmark interest rate unchanged for an 11th month as economic growth accelerated without stoking inflation.
The seven policy makers, the fewest since 1997, decided to leave the rate at 4.5 percent, in line with the prediction of all 40 economists surveyed by Bloomberg News. The committee, which has been one short since Richard Lambert left prematurely in March, lost another member when David Walton unexpectedly died last month. Minutes showing the vote will be released July 19.
The $2 trillion economy is continuing to show ``steady'' growth as consumer spending and exports pick up, while record oil costs haven't yet sparked higher wages, Bank of England Governor Mervyn King said June 29. Investors pared bets on a rate increase after death of Walton, who had been arguing that upside risks to inflation warrant higher borrowing costs.
``We think the bank will remain on hold for quite some time as the economy has firmed but inflation pressures remain subdued enough,'' said Holger Schmieding, an economist at Bank of America in London. ``Walton was the sole voice in favor of an increase.''
The yield on the interest-rate futures contract maturing in December stayed at 4.94 percent after the decision in London as of 12:55 p.m. and is down from 5.06 percent the day before Walton died. It settles to the three-month London inter-bank offered rate for the pound, which has averaged about 0.15 percentage point more than the central bank's benchmark rate for the past decade.
The pound was little changed against the dollar at $1.8362.
Faster Growth
The economy maintained the fastest pace of growth in a year in the first quarter, expanding 0.7 percent from the previous three months, the government said June 30, revising up its previous estimate by 0.1 of a percentage point.
Growth is rebounding from a 13-year low in 2005 after oil prices surged and the housing market and consumer spending sputtered. The Bank of England expects the economy to expand about 2.6 percent this year, up from 1.9 percent in 2005, as trade and business investment take over from consumer and government spending as the drivers of growth.
The bank says inflation, which breached its 2 percent target in May, will moderate to that level later this year.
British manufacturers are benefiting from stronger demand from Europe, the destination for more than 50 percent of U.K. goods exports. U.K. factory production rose 0.5 percent in May, a government report showed today, more than the 0.3 percent expected by economists surveyed by Bloomberg.
ECB, Fed
The European Cent (etc.
americano, that's right -
the fed may have to start lowering them as early -
as next meeting? or ECB unch May toughen "tone"
U.S. NATIONAL DEBT CLOCK
The Outstanding Public Debt -
as of Jun 2006:
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 -
Ex. biggest money scheme scam in US History -
http://www.wtv-zone.com/Mary/FEDERALRESERVE.HTML
http://www.goldrush21.com/
http://www.usaidbolivia.org.bo/
FMNJ - got the worlds richest Silver Mine -
You finding more FMNJ info on the link below -
http://www.investorshub.com/boards/board.asp?board_id=5406
http://news.bbc.co.uk/2/hi/business/5115920.stm
Always make sure to do your own
DD -- don't listen to my dd ---
http://www.franklinmining.com/Home/tabid/1215/Default.aspx
Imo. Thanks for your participations -
Brgds
Bob
In God We Trust
Current events affecting Silver -
With the Iran issues coming to a head -
a few weeks from now -
record high oil prices -
North Korea -
and lower oil & gas inventories -
it all points to a favorable environment -
for higher metal prices -
This may provide a tremendous opportunity for -
astute investors...
Check out and do your dd --
http://tinyurl.com/mgt69
The US fiat Dollar is going to remain weak -
Inflation is still an issue -
Global demand for metals continues to hit all time highs -
Then why have the precious metals markets experienced -
a violent correction over the past few weeks?
Because the market was temporarily overheated -
and the big players decided to shake out -
the weak hands.
This has provided a tremendous opportunity for -
astute investors...
Check out and do your dd --
http://tinyurl.com/mgt69
One thing that central bank maneuvers have caused is a crash
in global equity markets.
http://news.bbc.co.uk/2/hi/americas/4290944.stm
If a financial crisis were to ensue as a result, we believe
Gold will once again a LT shine.
Biggest Scam In History -
http://www.wtv-zone.com/Mary/FEDERALRESERVE.HTML
The Central Bank - Fiat Papers at a Glance -
June 2006 -
Given the drubbing that has taken place in the markets over the
past month or so - what may be happening in these rather
turbulent times.
Given the violence of the recent market correction, investors
cannot be blamed for believing that a global meltdown is taking
place, the brunt of which is being felt in the sectors that have
heretofore performed the best;
i.e., commodities, energy, and gold.
There can be no denying that the first quarter was a “great
year” for commodity investors.
Commodity prices, and commodity equities, soared.
So much so that one could take the pragmatic view that
commodities et al were “overbought” and therefore due for a
correction.
However, we are of the belief that there are greater
machinations at work beneath the surface than mere technical
indicators.
There is a chess - banksters game of paramount
importance being played that is driving current market
conditions... at least in the short term.
The game of chess in question pits the world’s central banks
against the “free” markets.
The opening move in the centralbanks’ repertoire was a gambit.
This occurred, not coincidentally, at the same time that
commodity prices were hitting new highs and gold was breaking
out above $700 per ounce.
In chess parlance, a gambit is a ruse or trick in the
form of a sacrifice of material (usually a pawn) with the hope
of gaining a decisive advantage in space and time early in the
game.
If this advantage isn’t made to count (i.e. the bankers’
initiative peters out), then the market’s advantage in material
will eventually win the day. We’ll call this opening the
Central Bank Gambit.
It is a desperate move to take control of an inflationary
environment where they may already have lost control.
For now the central banks have the initiative and are
on the attack.
But if the markets are able to hang on, then they
will win the endgame and checkmate the central banks.
So what does chess have to do with financial markets, you may
ask? It goes without saying that it has been of no small concern
to the central banks that commodities have had a spectacular run
in the first four and a half months of the year.
Gold started the year at $515 per ounce.
It peaked in May at $730 per ounce.
Oil started the year at $61 per barrel.
It peaked in May at $75 per barrel.
Copper: $2.06 per pound at the start of the year, almost $4 per
pound in May.
Silver: $8.80 per ounce at the start of the year, $15.20 per
ounce in May.
This is on top of gains enjoyed since the commodity bull market
began in earnest in 2001.
Using the CRB Index as a proxy, commodities as a whole have
doubled in that time and some of the major commodities, such as
oil, copper, and iron ore, have done far better than that.
This commodity bull run has indeed been ubiquitous and
long lasting, with practically all commodities soaring with
hardly an exception.
In every which way it was reminiscent of hyperinflation.
Clearly, the central banks could not let this state of affairs
continue while at the same time claiming that inflation
was under control.
They realized that something had to be done.
Based on the latest inflation , annualized inflation is running
in excess of 5% so far this year.
By mid-May, the housing market was clearly in decline and
interest rates were rising across the yield curve.
The financial markets and the economy were being threatened.
Inflation had to be stopped in its tracks, come hell or high
water.
In many ways it was a desperate move – a gambit.
They had to reign in liquidity (or at least appear to do so)
and talk tough on inflation.
They knew full well that such a move would bring down global
equity markets as well.
But the stock markets were likely doomed regardless.
Better that they come down when commodities, and particularly
gold, are coming down as well, than to have a broad market crash
while gold continues to soar.
The central banks wanted to preemptively discredit gold as the
“flight to safety” investment vehicle.
They wanted to ensure that gold won’t be the place to hide when
global liquidity takes it on the chin and forces asset prices
down.
That was the move envisioned, not just by the Federal Reserve,
but by central banks around the world.
The central banks conspired to raise rates in tandem, some
unexpectedly.
Recently we’ve seen the European Central Bank, India, South
Korea, South Africa, Turkey, Denmark, Thailand, and
Switzerland all raise interest rates within days of each other.
Japan proclaimed the imminent end of “quantitative easing” and
the Yen carry trade.
Then came the tough talk on inflation by the world’s central
bankersters.
It was a mass chorus: a newfound vigilance on inflation –
it must be quelled at all cost.
The primary target: gold.
Gold took the brunt of the central banks’ attack.
The price of gold is the outwardly public manifestation of
inflation.
By bringing down gold it was hoped that other commodities would
be taken down as well, thus easing inflationary fears.
But therein lies the Achilles Heel of the central banks, and
what will ultimately prove their gambit to be unsound.
Under a fiat currency system, the central banks are the
undisputed masters of paper…
but they are rather impotent when it comes to controlling the
market for “real” things.
As such, there is little they can do to manipulate the markets
for things like oil and copper
– the markets for these commodities are just too big.
Oil, for example, trades to the tune of six billion dollars per
day and is too large for central banks to have any say over.
The market for gold, on the other hand, is only 1/30th the size
and the easiest commodity to manipulate in the short term.
Furthermore, the central banks still have some gold in their
vaults as added ammunition.
So the game plan was simple: hammer gold and cause a selling
panic in all commodities.
Although some kind of correction may have been expected in
commodities given the magnitude of their escalation in such a
short period of time, the violence of it was orchestrated and in
every which way intended and cajoled by central bank action.
Be that as it may, investors in “real” things can take heart in
the chart on the top of the next page:
In our opinion, this chart epitomizes the futility of the
Central Bank Gambit.
Merely looking at the upper black line, much has been made of
the equity market turnaround in the past three years.
It appears to be up 50% from the bottom;
albeit, still down 18% from its 2000 peak.
Nonetheless, it would seem that copious amounts of Fed
liquidity have successfully reversed the ill-effects of the
stock market crash of 2000.
Chalk one up for monetary policy!
The blue line, on the other hand, tells an altogether different
story.
This line measures the performance of the S&P 500 in
inflation-adjusted Euros.
Here the comeback has been much less impressive.
In fact, there has hardly been a comeback at all.
This is the performance that a foreign investor might see.
A US equity market that is still flailing along the bottom,
and down 42.5% from its peak to boot.
Using gold as the “base currency” (appropriately, the gold line
in the above chart), the performance of the US stock market has
been even more dismal.
The S&P still looks like it’s in freefall!
Perhaps even more interestingly, the recent drubbing of gold in
the past month (resulting in an ever so slight uptick in the S&P
relative to gold) has hardly changed the picture at all.
The S&P is still down almost 60% from its peak relative to gold.
So has the Fed, through easy monetary policy, successfully
fought off the bursting of the stock market bubble of
2000? In nominal terms yes. In real terms no.
This goes to show that the Fed is in a box when it comes to
manipulating markets.
It is unable to prop up the markets relative to “real” things,
regardless of how much liquidity it provides and how much money
it prints.
Gold, commodities, and all things real have been the places
to be this decade and, in our opinion, will continue to be so.
Nothing has changed regarding our view on inflation.
The economic policies of the US, in the form of twin
deficits and reliance on asset bubbles for economic growth, have
been fundamentally unsound and this is being reflected in the
value of the dollar.
In spite of recent feather pluming on inflation, we do not
believe that central bankers are serious about pulling the reins
on inflation at any cost.
They may talk the talk, but when push comes to shove they won’t
be able to walk the walk.
Historically, central bankers have been chronic debasers
of money over time.
They are addicted to money-induced asset bubbles.
Although the central banks don’t mind seeing gold and commodity
prices crash, history shows that they have a soft spot for
equity and housing markets.
Nary has a crash ever occurred in these areas without the
central banks turning on the spigots.
Highly doubt it will be any different this time.
This is why we believe the Central Bank Gambit will ultimately
backfire, as all orchestrated market manipulations do.
Not only is gold and silver now cheaper to buy, but its
underlying fundamentals (shortage of supply versus demand)
remain as favourable as ever.
Furthermore, high prices in other major commodities have
failed to impede demand.
It only stands to reason that the likelihood of shortages will
only be greater at the artificially-induced lower prices that
the central banksters want.
Although the correction was a painful one (as it was intended to
be), we believe the long term trend for commodities remains
intact.
It is also worth noting that the price of oil has barely
budged, remaining in the $70 per barrel range in spite of the
liquidity scare.
One thing that central bank maneuvers have caused is a crash in
global equity markets.
http://news.bbc.co.uk/2/hi/americas/4290944.stm
If a financial crisis were to ensue as a result, we believe
Gold & Silver will once again a LT shine.
http://www.investorshub.com/boards/board.asp?board_id=5406
Silver gained .20 today. Gold also up
6-Jul-06
Not wise to sell right now.
The wolves are smiling at all the losers -
giving their shares away.
Sentiment : Strong Buy
http://tinyurl.com/zdggd
http://www.investorshub.com/boards/board.asp?board_id=5404
Silver lease rates, from GATA -
Good morning Bill:
We have a lease rate event.
Gold has returned to the bottom of its lease rate range
over the past year, but silver is beginning to spike
as of yesterday's readings.
One month lease rates surged by .50%, two month by .40%,
three month by .70%, and the 6 month and one year terms
by .20 and .30% respectively.
To put these numbers in perspective, the one month term
is 25 times higher than it was in June, and all silver
lease rates are higher now than platinum's.
The rise in spot silver prices was unimpressive yesterday,
but the same cannot be said for leased silver.
This means that much of the price increases that would
normally show up in the spot market was diverted into
lease rates, or to put this another way, they buried
the spot silver market in leased metal yesterday.
Much of this metal may have ended up in meeting silver
delivery obligations on COMEX.
As a final observation, one should note that the jump
in 3 month silver leases was disproportionately large,
so we may be looking at heavy delivery obligations
in September futures too.
Over on COMEX, there was little action in gold,
but 2.2 Moz of silver were delivered, to bring
the July total to 16.9 Moz.
I must agree with Bill, the silver market looks explosive.
The question is, will gold follow silver if it does blow?
We know silver follows gold (it just did in the big correction), but will the same thing happen in reverse?
By Regards, Rhody.
http://www.kitco.com/market/lfrate.html...
http://www.investorshub.com/boards/board.asp?board_id=5406
GATA snippet -
The Gold open interest rose 3802 contracts to 296,302,
while the silver open interest fell 599 contracts
to 97,275.
This declining silver open interest is extraordinary
and seems to be setting the stage for some serious
upside fireworks.
Our STALKER source called and said there is silver
action coming out of Dubai, with buying coming in
at the $10.49 level.
He also said these folks are looking for Silver
to head towards $20 in short order.
Copper rose 21 cents to $371.40.
http://www.investorshub.com/boards/board.asp?board_id=5406
One thing that central bank maneuvers have caused is a crash
in global equity markets.
http://news.bbc.co.uk/2/hi/americas/4290944.stm
If a financial crisis were to ensue as a result, we believe
Gold will once again a LT shine.
Biggest Scam In History -
http://www.wtv-zone.com/Mary/FEDERALRESERVE.HTML
The Central Bank - Fiat Papers at a Glance -
June 2006 -
Given the drubbing that has taken place in the markets over the
past month or so - what may be happening in these rather
turbulent times.
Given the violence of the recent market correction, investors
cannot be blamed for believing that a global meltdown is taking
place, the brunt of which is being felt in the sectors that have
heretofore performed the best;
i.e., commodities, energy, and gold.
There can be no denying that the first quarter was a “great
year” for commodity investors.
Commodity prices, and commodity equities, soared.
So much so that one could take the pragmatic view that
commodities et al were “overbought” and therefore due for a
correction.
However, we are of the belief that there are greater
machinations at work beneath the surface than mere technical
indicators.
There is a chess - banksters game of paramount
importance being played that is driving current market
conditions... at least in the short term.
The game of chess in question pits the world’s central banks
against the “free” markets.
The opening move in the centralbanks’ repertoire was a gambit.
This occurred, not coincidentally, at the same time that
commodity prices were hitting new highs and gold was breaking
out above $700 per ounce.
In chess parlance, a gambit is a ruse or trick in the
form of a sacrifice of material (usually a pawn) with the hope
of gaining a decisive advantage in space and time early in the
game.
If this advantage isn’t made to count (i.e. the bankers’
initiative peters out), then the market’s advantage in material
will eventually win the day. We’ll call this opening the
Central Bank Gambit.
It is a desperate move to take control of an inflationary
environment where they may already have lost control.
For now the central banks have the initiative and are
on the attack.
But if the markets are able to hang on, then they
will win the endgame and checkmate the central banks.
So what does chess have to do with financial markets, you may
ask? It goes without saying that it has been of no small concern
to the central banks that commodities have had a spectacular run
in the first four and a half months of the year.
Gold started the year at $515 per ounce.
It peaked in May at $730 per ounce.
Oil started the year at $61 per barrel.
It peaked in May at $75 per barrel.
Copper: $2.06 per pound at the start of the year, almost $4 per
pound in May.
Silver: $8.80 per ounce at the start of the year, $15.20 per
ounce in May.
This is on top of gains enjoyed since the commodity bull market
began in earnest in 2001.
Using the CRB Index as a proxy, commodities as a whole have
doubled in that time and some of the major commodities, such as
oil, copper, and iron ore, have done far better than that.
This commodity bull run has indeed been ubiquitous and
long lasting, with practically all commodities soaring with
hardly an exception.
In every which way it was reminiscent of hyperinflation.
Clearly, the central banks could not let this state of affairs
continue while at the same time claiming that inflation
was under control.
They realized that something had to be done.
Based on the latest inflation , annualized inflation is running
in excess of 5% so far this year.
By mid-May, the housing market was clearly in decline and
interest rates were rising across the yield curve.
The financial markets and the economy were being threatened.
Inflation had to be stopped in its tracks, come hell or high
water.
In many ways it was a desperate move – a gambit.
They had to reign in liquidity (or at least appear to do so)
and talk tough on inflation.
They knew full well that such a move would bring down global
equity markets as well.
But the stock markets were likely doomed regardless.
Better that they come down when commodities, and particularly
gold, are coming down as well, than to have a broad market crash
while gold continues to soar.
The central banks wanted to preemptively discredit gold as the
“flight to safety” investment vehicle.
They wanted to ensure that gold won’t be the place to hide when
global liquidity takes it on the chin and forces asset prices
down.
That was the move envisioned, not just by the Federal Reserve,
but by central banks around the world.
The central banks conspired to raise rates in tandem, some
unexpectedly.
Recently we’ve seen the European Central Bank, India, South
Korea, South Africa, Turkey, Denmark, Thailand, and
Switzerland all raise interest rates within days of each other.
Japan proclaimed the imminent end of “quantitative easing” and
the Yen carry trade.
Then came the tough talk on inflation by the world’s central
bankersters.
It was a mass chorus: a newfound vigilance on inflation –
it must be quelled at all cost.
The primary target: gold.
Gold took the brunt of the central banks’ attack.
The price of gold is the outwardly public manifestation of
inflation.
By bringing down gold it was hoped that other commodities would
be taken down as well, thus easing inflationary fears.
But therein lies the Achilles Heel of the central banks, and
what will ultimately prove their gambit to be unsound.
Under a fiat currency system, the central banks are the
undisputed masters of paper…
but they are rather impotent when it comes to controlling the
market for “real” things.
As such, there is little they can do to manipulate the markets
for things like oil and copper
– the markets for these commodities are just too big.
Oil, for example, trades to the tune of six billion dollars per
day and is too large for central banks to have any say over.
The market for gold, on the other hand, is only 1/30th the size
and the easiest commodity to manipulate in the short term.
Furthermore, the central banks still have some gold in their
vaults as added ammunition.
So the game plan was simple: hammer gold and cause a selling
panic in all commodities.
Although some kind of correction may have been expected in
commodities given the magnitude of their escalation in such a
short period of time, the violence of it was orchestrated and in
every which way intended and cajoled by central bank action.
Be that as it may, investors in “real” things can take heart in
the chart on the top of the next page:
In our opinion, this chart epitomizes the futility of the
Central Bank Gambit.
Merely looking at the upper black line, much has been made of
the equity market turnaround in the past three years.
It appears to be up 50% from the bottom;
albeit, still down 18% from its 2000 peak.
Nonetheless, it would seem that copious amounts of Fed
liquidity have successfully reversed the ill-effects of the
stock market crash of 2000.
Chalk one up for monetary policy!
The blue line, on the other hand, tells an altogether different
story.
This line measures the performance of the S&P 500 in
inflation-adjusted Euros.
Here the comeback has been much less impressive.
In fact, there has hardly been a comeback at all.
This is the performance that a foreign investor might see.
A US equity market that is still flailing along the bottom,
and down 42.5% from its peak to boot.
Using gold as the “base currency” (appropriately, the gold line
in the above chart), the performance of the US stock market has
been even more dismal.
The S&P still looks like it’s in freefall!
Perhaps even more interestingly, the recent drubbing of gold in
the past month (resulting in an ever so slight uptick in the S&P
relative to gold) has hardly changed the picture at all.
The S&P is still down almost 60% from its peak relative to gold.
So has the Fed, through easy monetary policy, successfully
fought off the bursting of the stock market bubble of
2000? In nominal terms yes. In real terms no.
This goes to show that the Fed is in a box when it comes to
manipulating markets.
It is unable to prop up the markets relative to “real” things,
regardless of how much liquidity it provides and how much money
it prints.
Gold, commodities, and all things real have been the places
to be this decade and, in our opinion, will continue to be so.
Nothing has changed regarding our view on inflation.
The economic policies of the US, in the form of twin
deficits and reliance on asset bubbles for economic growth, have
been fundamentally unsound and this is being reflected in the
value of the dollar.
In spite of recent feather pluming on inflation, we do not
believe that central bankers are serious about pulling the reins
on inflation at any cost.
They may talk the talk, but when push comes to shove they won’t
be able to walk the walk.
Historically, central bankers have been chronic debasers
of money over time.
They are addicted to money-induced asset bubbles.
Although the central banks don’t mind seeing gold and commodity
prices crash, history shows that they have a soft spot for
equity and housing markets.
Nary has a crash ever occurred in these areas without the
central banks turning on the spigots.
Highly doubt it will be any different this time.
This is why we believe the Central Bank Gambit will ultimately
backfire, as all orchestrated market manipulations do.
Not only is gold and silver now cheaper to buy, but its
underlying fundamentals (shortage of supply versus demand)
remain as favourable as ever.
Furthermore, high prices in other major commodities have
failed to impede demand.
It only stands to reason that the likelihood of shortages will
only be greater at the artificially-induced lower prices that
the central banksters want.
Although the correction was a painful one (as it was intended to
be), we believe the long term trend for commodities remains
intact.
It is also worth noting that the price of oil has barely
budged, remaining in the $70 per barrel range in spite of the
liquidity scare.
One thing that central bank maneuvers have caused is a crash in
global equity markets.
http://news.bbc.co.uk/2/hi/americas/4290944.stm
If a financial crisis were to ensue as a result, we believe
Gold will once again a LT shine.
http://www.investorshub.com/boards/board.asp?board_id=5404
One thing that central bank maneuvers have caused is a crash
in global equity markets.
http://news.bbc.co.uk/2/hi/americas/4290944.stm
If a financial crisis were to ensue as a result, we believe
Gold will once again a LT shine.
Biggest Scam In History -
http://www.wtv-zone.com/Mary/FEDERALRESERVE.HTML
The Central Bank - Fiat Papers at a Glance -
June 2006 -
Given the drubbing that has taken place in the markets over the
past month or so - what may be happening in these rather
turbulent times.
Given the violence of the recent market correction, investors
cannot be blamed for believing that a global meltdown is taking
place, the brunt of which is being felt in the sectors that have
heretofore performed the best;
i.e., commodities, energy, and gold.
There can be no denying that the first quarter was a “great
year” for commodity investors.
Commodity prices, and commodity equities, soared.
So much so that one could take the pragmatic view that
commodities et al were “overbought” and therefore due for a
correction.
However, we are of the belief that there are greater
machinations at work beneath the surface than mere technical
indicators.
There is a chess - banksters game of paramount
importance being played that is driving current market
conditions... at least in the short term.
The game of chess in question pits the world’s central banks
against the “free” markets.
The opening move in the centralbanks’ repertoire was a gambit.
This occurred, not coincidentally, at the same time that
commodity prices were hitting new highs and gold was breaking
out above $700 per ounce.
In chess parlance, a gambit is a ruse or trick in the
form of a sacrifice of material (usually a pawn) with the hope
of gaining a decisive advantage in space and time early in the
game.
If this advantage isn’t made to count (i.e. the bankers’
initiative peters out), then the market’s advantage in material
will eventually win the day. We’ll call this opening the
Central Bank Gambit.
It is a desperate move to take control of an inflationary
environment where they may already have lost control.
For now the central banks have the initiative and are
on the attack.
But if the markets are able to hang on, then they
will win the endgame and checkmate the central banks.
So what does chess have to do with financial markets, you may
ask? It goes without saying that it has been of no small concern
to the central banks that commodities have had a spectacular run
in the first four and a half months of the year.
Gold started the year at $515 per ounce.
It peaked in May at $730 per ounce.
Oil started the year at $61 per barrel.
It peaked in May at $75 per barrel.
Copper: $2.06 per pound at the start of the year, almost $4 per
pound in May.
Silver: $8.80 per ounce at the start of the year, $15.20 per
ounce in May.
This is on top of gains enjoyed since the commodity bull market
began in earnest in 2001.
Using the CRB Index as a proxy, commodities as a whole have
doubled in that time and some of the major commodities, such as
oil, copper, and iron ore, have done far better than that.
This commodity bull run has indeed been ubiquitous and
long lasting, with practically all commodities soaring with
hardly an exception.
In every which way it was reminiscent of hyperinflation.
Clearly, the central banks could not let this state of affairs
continue while at the same time claiming that inflation
was under control.
They realized that something had to be done.
Based on the latest inflation , annualized inflation is running
in excess of 5% so far this year.
By mid-May, the housing market was clearly in decline and
interest rates were rising across the yield curve.
The financial markets and the economy were being threatened.
Inflation had to be stopped in its tracks, come hell or high
water.
In many ways it was a desperate move – a gambit.
They had to reign in liquidity (or at least appear to do so)
and talk tough on inflation.
They knew full well that such a move would bring down global
equity markets as well.
But the stock markets were likely doomed regardless.
Better that they come down when commodities, and particularly
gold, are coming down as well, than to have a broad market crash
while gold continues to soar.
The central banks wanted to preemptively discredit gold as the
“flight to safety” investment vehicle.
They wanted to ensure that gold won’t be the place to hide when
global liquidity takes it on the chin and forces asset prices
down.
That was the move envisioned, not just by the Federal Reserve,
but by central banks around the world.
The central banks conspired to raise rates in tandem, some
unexpectedly.
Recently we’ve seen the European Central Bank, India, South
Korea, South Africa, Turkey, Denmark, Thailand, and
Switzerland all raise interest rates within days of each other.
Japan proclaimed the imminent end of “quantitative easing” and
the Yen carry trade.
Then came the tough talk on inflation by the world’s central
bankersters.
It was a mass chorus: a newfound vigilance on inflation –
it must be quelled at all cost.
The primary target: gold.
Gold took the brunt of the central banks’ attack.
The price of gold is the outwardly public manifestation of
inflation.
By bringing down gold it was hoped that other commodities would
be taken down as well, thus easing inflationary fears.
But therein lies the Achilles Heel of the central banks, and
what will ultimately prove their gambit to be unsound.
Under a fiat currency system, the central banks are the
undisputed masters of paper…
but they are rather impotent when it comes to controlling the
market for “real” things.
As such, there is little they can do to manipulate the markets
for things like oil and copper
– the markets for these commodities are just too big.
Oil, for example, trades to the tune of six billion dollars per
day and is too large for central banks to have any say over.
The market for gold, on the other hand, is only 1/30th the size
and the easiest commodity to manipulate in the short term.
Furthermore, the central banks still have some gold in their
vaults as added ammunition.
So the game plan was simple: hammer gold and cause a selling
panic in all commodities.
Although some kind of correction may have been expected in
commodities given the magnitude of their escalation in such a
short period of time, the violence of it was orchestrated and in
every which way intended and cajoled by central bank action.
Be that as it may, investors in “real” things can take heart in
the chart on the top of the next page:
In our opinion, this chart epitomizes the futility of the
Central Bank Gambit.
Merely looking at the upper black line, much has been made of
the equity market turnaround in the past three years.
It appears to be up 50% from the bottom;
albeit, still down 18% from its 2000 peak.
Nonetheless, it would seem that copious amounts of Fed
liquidity have successfully reversed the ill-effects of the
stock market crash of 2000.
Chalk one up for monetary policy!
The blue line, on the other hand, tells an altogether different
story.
This line measures the performance of the S&P 500 in
inflation-adjusted Euros.
Here the comeback has been much less impressive.
In fact, there has hardly been a comeback at all.
This is the performance that a foreign investor might see.
A US equity market that is still flailing along the bottom,
and down 42.5% from its peak to boot.
Using gold as the “base currency” (appropriately, the gold line
in the above chart), the performance of the US stock market has
been even more dismal.
The S&P still looks like it’s in freefall!
Perhaps even more interestingly, the recent drubbing of gold in
the past month (resulting in an ever so slight uptick in the S&P
relative to gold) has hardly changed the picture at all.
The S&P is still down almost 60% from its peak relative to gold.
So has the Fed, through easy monetary policy, successfully
fought off the bursting of the stock market bubble of
2000? In nominal terms yes. In real terms no.
This goes to show that the Fed is in a box when it comes to
manipulating markets.
It is unable to prop up the markets relative to “real” things,
regardless of how much liquidity it provides and how much money
it prints.
Gold, commodities, and all things real have been the places
to be this decade and, in our opinion, will continue to be so.
Nothing has changed regarding our view on inflation.
The economic policies of the US, in the form of twin
deficits and reliance on asset bubbles for economic growth, have
been fundamentally unsound and this is being reflected in the
value of the dollar.
In spite of recent feather pluming on inflation, we do not
believe that central bankers are serious about pulling the reins
on inflation at any cost.
They may talk the talk, but when push comes to shove they won’t
be able to walk the walk.
Historically, central bankers have been chronic debasers
of money over time.
They are addicted to money-induced asset bubbles.
Although the central banks don’t mind seeing gold and commodity
prices crash, history shows that they have a soft spot for
equity and housing markets.
Nary has a crash ever occurred in these areas without the
central banks turning on the spigots.
Highly doubt it will be any different this time.
This is why we believe the Central Bank Gambit will ultimately
backfire, as all orchestrated market manipulations do.
Not only is gold and silver now cheaper to buy, but its
underlying fundamentals (shortage of supply versus demand)
remain as favourable as ever.
Furthermore, high prices in other major commodities have
failed to impede demand.
It only stands to reason that the likelihood of shortages will
only be greater at the artificially-induced lower prices that
the central banksters want.
Although the correction was a painful one (as it was intended to
be), we believe the long term trend for commodities remains
intact.
It is also worth noting that the price of oil has barely
budged, remaining in the $70 per barrel range in spite of the
liquidity scare.
One thing that central bank maneuvers have caused is a crash in
global equity markets.
http://news.bbc.co.uk/2/hi/americas/4290944.stm
If a financial crisis were to ensue as a result, we believe
Gold will once again a LT shine.
http://www.investorshub.com/boards/board.asp?board_id=5404
Glencairn Gold Completes Mine Acquisition From Yamana Gold
(1 of 2)
2006/07/06 17:51:17
TORONTO, ONTARIO, Jul 06, 2006 (MARKET WIRE via COMTEX) --
Glencairn Gold Corporation
("Glencairn") (TSX: GGG)(AMEX: GLE) and Yamana Gold Inc. ("Yamana") (TSX: YRI)(AMEX: AUY)(AIM: YAU) are pleased to announce that they have completed the previously announced acquisition of the La Libertad gold mine in Nicaragua and a 60% interest in the Cerro Quema advanced gold project in Panama by Glencairn from Yamana.
Total consideration for the acquisition was 32 million Glencairn common shares.
"The acquisition of La Libertad and the interest in Cerro Quema achieves two key elements for Glencairn. It offers us an increase in gold production from La Libertad and a new-project pipeline. That pipeline consists not only of the advanced gold project at Cerro Quema, but also the surrounding highly prospective ground at La Libertad. We intend to devote considerable funds to exploration at the three existing mine sites," said Glencairn Chairman Kerry Knoll.
Company President and CEO Peter Tagliamonte said: "Our immediate focus is to assume operations at La Libertad to make the improvements necessary for this mine to realize its full potential, and to capitalize on the synergies inherent in having three operating mines within a five-hour drive of one another."
Glencairn's previously announced private placement of 30 million subscription receipts for gross proceeds of $18 million (see press releases dated June 22 and May 30) is scheduled to close later today. The financing was led by Orion Securities Inc. and included Canaccord Capital Corporation, Dundee Securities Corporation and Blackmont Capital Inc. Upon completion of the financing, the subscription receipts will be automatically exercised into 30 million common shares and 15 million common share purchase warrants. Each whole warrant will be exercisable to acquire one common share at an exercise price of $0.80 until the earlier of (i) two years following closing, and (ii) at the option of Glencairn, the date that is 30 days following provision of notice to warrantholders from the Company that the closing price of its common shares on the Toronto Stock Exchange has been at least $1.20 for 30 consecutive trading days (such notice not to be provided prior to the date which is four months and a day following closing).
Yamana will subscribe for 4.2 million subscription receipts for $2.5 million under the financing. Upon completion of the financing, Yamana will beneficially own 42,022,500 common shares of Glencairn, representing 17.9% of the issued and outstanding shares of Glencairn, and warrants to acquire an additional 2,100,000 common shares. Yamana does not have any present intention to acquire ownership of, or control over, additional securities of Glencairn.
Please note: There is a map available on CCNMatthews' website at the following link:
http://www.ccnmatthews.com/docs/ggg0706.pdf
The acquisition of La Libertad and Cerro Quema brings a significant improvement in Glencairn's reserve and resource base. For details of the reserves and resources at La Libertad and Cerro Quema, see the press release of Glencairn and Yamana dated May 30, 2006. To view the release, visit www.glencairngold.com.
Glencairn plans to make significant investment at the La Libertad mining operation to ensure the operation achieves its potential. Yamana had begun a program of additional metallurgical test work and upgrading of the crushing and screening circuit and the implementation of permanent heap leach pads. Glencairn will complete this program to allow the operation to maximize recoveries. The maintenance department and parts inventories will be expanded to optimize equipment availability and efficiency. Glencairn also plans to implement a major pre-stripping program to allow steady-state production rates and optimum stripping ratios. These actions in conjunction with new management are expected to result in significantly better performance. Glencairn is in the process of preparing a technical report in accordance with National Instrument 43-101 including an updated estimate of the mineral resources for the property.
At Cerro Quema, Glencairn plans to initiate discussions with the 40% owner of the property with the goal of advancing the project towards production as soon as possible. At the same time, the Company plans to update the feasibility study completed by a previous owner in 2002 to reflect current costs of goods and services.
Glencairn estimates it will cost approximately US$10 million to complete these improvements and it also plans to commit US$3 million to exploration at the three existing mine sites over the next 12 months.
About Glencairn
Glencairn is a junior gold producer that, prior to the Yamana acquisitions, had two mines in Central America, the Limon Mine in Nicaragua and the Bellavista Mine in Costa Rica. Gold production is anticipated to surpass 100,000 ounces this year with the additional output from La Libertad.
About Yamana
Yamana is an intermediate Canadian gold producer with significant gold production, gold and copper-gold development stage properties, exploration properties, and land positions in Brazil and Central America. Company management plans to continue to build on this base through the advancement of its exploration properties and by targeting other gold consolidation opportunities in Brazil and elsewhere in Latin America.
Cautionary Statements
This news release contains "forward-looking statements", within the meaning of the United States Private Securities Litigation Reform Act of 1995 and similar Canadian legislation, concerning the business, operations and financial performance and condition of each of Yamana and Glencairn. Forward-looking statements include, but are not limited to, statements with respect to estimated production, synergies and financial impact of the proposed transaction; the benefits of the proposed transaction and the development potential of Yamana's and Glencairn's properties; the future price of gold and copper; the estimation of mineral reserves and resources; the realization of mineral reserve estimates; the timing and amount of estimated future production; costs of production; capital expenditures; success of exploration activities; permitting time lines and permitting, mining or processing issues; currency exchange rate fluctuations; government regulation of mining operations; environmental risks; unanticipated reclamation expenses; title disputes or claims; and limitations on insurance coverage. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved".
Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made, and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Yamana and Glencairn to be materially different from those expressed or implied by such forward-looking statements, including but not limited to risks related to: unexpected events during construction, expansion and start-up; variations in ore grade, tonnes mined, crushed or milled; variations in relative amounts of refractory, non-refractory and transition ores; delay or failure to receive board or government approvals; timing and availability of external financing on acceptable terms; the operations of Yamana to be acquired by Glencairn not being integrated successfully or such integration proving more difficult, time consuming or costly than expected; not realizing on the anticipated benefits from the transaction or not realizing on such anticipated benefits within the expected time frame; risks related to international operations; actual results of current exploration activities; actual results of current reclamation activities; conclusions of economic valuations; changes in project parameters as plans continue to be refined; future prices of gold and copper; possible variations in ore reserves, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; delays in the completion of development or construction activities, as well as those factors discussed in or referred to in the current annual Management's Discussion and Analysis and current Annual Information Form of each of Yamana and Glencairn filed with the securities regulatory authorities in Canada and available at www.sedar.com, and the Form 40-F of each filed with the United States Securities and Exchange Commission. Although management of each of Yamana and Glencairn has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, 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. Neither Yamana nor Glencairn undertakes to update any forward-looking statements that are incorporated by reference herein, except in accordance with applicable securities laws.
Contacts: Glencairn Gold Corporation Kerry J. Knoll Chairman +1 (416) 860-0919
Yamana Gold Inc. Peter Marrone President and Chief Executive Officer +1 (416) 815-0220
Yamana Gold Inc. Leslie Powers Director, Investor and Public Relations +1 (416) 815-0220
Glencairn Gold Corporation Olav Svela VP, Investor Relations +1 (416) 860-0919
http://www.amex.com/?href=/newsDetails/CmnNewsDet.jsp?id=XpressFeed_NewsDetails_1152222677269.html
SOURCE: Glencairn Gold Corporation and Yamana Gold Inc.
Glencairn Gold Completes Mine Acquisition From Yamana Gold
(1 of 2)
2006/07/06 17:51:17
TORONTO, ONTARIO, Jul 06, 2006 (MARKET WIRE via COMTEX) -- Glencairn Gold Corporation ("Glencairn") (TSX: GGG)(AMEX: GLE) and Yamana Gold Inc. ("Yamana") (TSX: YRI)(AMEX: AUY)(AIM: YAU) are pleased to announce that they have completed the previously announced acquisition of the La Libertad gold mine in Nicaragua and a 60% interest in the Cerro Quema advanced gold project in Panama by Glencairn from Yamana. Total consideration for the acquisition was 32 million Glencairn common shares.
"The acquisition of La Libertad and the interest in Cerro Quema achieves two key elements for Glencairn. It offers us an increase in gold production from La Libertad and a new-project pipeline. That pipeline consists not only of the advanced gold project at Cerro Quema, but also the surrounding highly prospective ground at La Libertad. We intend to devote considerable funds to exploration at the three existing mine sites," said Glencairn Chairman Kerry Knoll.
Company President and CEO Peter Tagliamonte said: "Our immediate focus is to assume operations at La Libertad to make the improvements necessary for this mine to realize its full potential, and to capitalize on the synergies inherent in having three operating mines within a five-hour drive of one another."
Glencairn's previously announced private placement of 30 million subscription receipts for gross proceeds of $18 million (see press releases dated June 22 and May 30) is scheduled to close later today. The financing was led by Orion Securities Inc. and included Canaccord Capital Corporation, Dundee Securities Corporation and Blackmont Capital Inc. Upon completion of the financing, the subscription receipts will be automatically exercised into 30 million common shares and 15 million common share purchase warrants. Each whole warrant will be exercisable to acquire one common share at an exercise price of $0.80 until the earlier of (i) two years following closing, and (ii) at the option of Glencairn, the date that is 30 days following provision of notice to warrantholders from the Company that the closing price of its common shares on the Toronto Stock Exchange has been at least $1.20 for 30 consecutive trading days (such notice not to be provided prior to the date which is four months and a day following closing).
Yamana will subscribe for 4.2 million subscription receipts for $2.5 million under the financing. Upon completion of the financing, Yamana will beneficially own 42,022,500 common shares of Glencairn, representing 17.9% of the issued and outstanding shares of Glencairn, and warrants to acquire an additional 2,100,000 common shares. Yamana does not have any present intention to acquire ownership of, or control over, additional securities of Glencairn.
Please note: There is a map available on CCNMatthews' website at the following link:
http://www.ccnmatthews.com/docs/ggg0706.pdf
The acquisition of La Libertad and Cerro Quema brings a significant improvement in Glencairn's reserve and resource base. For details of the reserves and resources at La Libertad and Cerro Quema, see the press release of Glencairn and Yamana dated May 30, 2006. To view the release, visit www.glencairngold.com.
Glencairn plans to make significant investment at the La Libertad mining operation to ensure the operation achieves its potential. Yamana had begun a program of additional metallurgical test work and upgrading of the crushing and screening circuit and the implementation of permanent heap leach pads. Glencairn will complete this program to allow the operation to maximize recoveries. The maintenance department and parts inventories will be expanded to optimize equipment availability and efficiency. Glencairn also plans to implement a major pre-stripping program to allow steady-state production rates and optimum stripping ratios. These actions in conjunction with new management are expected to result in significantly better performance. Glencairn is in the process of preparing a technical report in accordance with National Instrument 43-101 including an updated estimate of the mineral resources for the property.
At Cerro Quema, Glencairn plans to initiate discussions with the 40% owner of the property with the goal of advancing the project towards production as soon as possible. At the same time, the Company plans to update the feasibility study completed by a previous owner in 2002 to reflect current costs of goods and services.
Glencairn estimates it will cost approximately US$10 million to complete these improvements and it also plans to commit US$3 million to exploration at the three existing mine sites over the next 12 months.
About Glencairn
Glencairn is a junior gold producer that, prior to the Yamana acquisitions, had two mines in Central America, the Limon Mine in Nicaragua and the Bellavista Mine in Costa Rica. Gold production is anticipated to surpass 100,000 ounces this year with the additional output from La Libertad.
About Yamana
Yamana is an intermediate Canadian gold producer with significant gold production, gold and copper-gold development stage properties, exploration properties, and land positions in Brazil and Central America. Company management plans to continue to build on this base through the advancement of its exploration properties and by targeting other gold consolidation opportunities in Brazil and elsewhere in Latin America.
Cautionary Statements
This news release contains "forward-looking statements", within the meaning of the United States Private Securities Litigation Reform Act of 1995 and similar Canadian legislation, concerning the business, operations and financial performance and condition of each of Yamana and Glencairn. Forward-looking statements include, but are not limited to, statements with respect to estimated production, synergies and financial impact of the proposed transaction; the benefits of the proposed transaction and the development potential of Yamana's and Glencairn's properties; the future price of gold and copper; the estimation of mineral reserves and resources; the realization of mineral reserve estimates; the timing and amount of estimated future production; costs of production; capital expenditures; success of exploration activities; permitting time lines and permitting, mining or processing issues; currency exchange rate fluctuations; government regulation of mining operations; environmental risks; unanticipated reclamation expenses; title disputes or claims; and limitations on insurance coverage. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved".
Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made, and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Yamana and Glencairn to be materially different from those expressed or implied by such forward-looking statements, including but not limited to risks related to: unexpected events during construction, expansion and start-up; variations in ore grade, tonnes mined, crushed or milled; variations in relative amounts of refractory, non-refractory and transition ores; delay or failure to receive board or government approvals; timing and availability of external financing on acceptable terms; the operations of Yamana to be acquired by Glencairn not being integrated successfully or such integration proving more difficult, time consuming or costly than expected; not realizing on the anticipated benefits from the transaction or not realizing on such anticipated benefits within the expected time frame; risks related to international operations; actual results of current exploration activities; actual results of current reclamation activities; conclusions of economic valuations; changes in project parameters as plans continue to be refined; future prices of gold and copper; possible variations in ore reserves, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; delays in the completion of development or construction activities, as well as those factors discussed in or referred to in the current annual Management's Discussion and Analysis and current Annual Information Form of each of Yamana and Glencairn filed with the securities regulatory authorities in Canada and available at www.sedar.com, and the Form 40-F of each filed with the United States Securities and Exchange Commission. Although management of each of Yamana and Glencairn has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, 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. Neither Yamana nor Glencairn undertakes to update any forward-looking statements that are incorporated by reference herein, except in accordance with applicable securities laws.
Contacts: Glencairn Gold Corporation Kerry J. Knoll Chairman +1 (416) 860-0919
Yamana Gold Inc. Peter Marrone President and Chief Executive Officer +1 (416) 815-0220
Yamana Gold Inc. Leslie Powers Director, Investor and Public Relations +1 (416) 815-0220
Glencairn Gold Corporation Olav Svela VP, Investor Relations +1 (416) 860-0919
SOURCE: Glencairn Gold Corporation and Yamana Gold Inc.
northernbass, thanks for the info -
have You heard any more news? -
http://www.cnq.ca/Page.asp?PageID=2013&AA_RecordID=91
Franklin Mining - San Miguel Vein -
(Update)
FMNJ # 1 - San Miguel Vein -
MI WEEK IN REVIEW: Zinc reinvigorated after spell at the lows
Metals Insider - 05 July 2006
MI WEEK IN REVIEW:
Zinc seems to have found a new spring in its step after its
recent sojourn beneath the $3,000 level where it held the
100-day moving average.
The market has seen renewed buying from the CTA systematic
fund community with all eyes now on what the big index
funds do at the start of the new month and the new
quarter after the extended US Independence Day holiday.
http://www.metalsinsider.com/WIR/zn050706.htm
Note. An analysis of the Cerro Rico de Potosi's 1600 meter
San Miguel vein indicates a 154,011 Kilo silver reserve;
three additional reports are expected soon.
All four reports will be reviewed by Behre Dolbear,
mining consultants to Franklin Mining, Bolivia S.A.
Figures:
Silver
1 Kilo = 35.2 ozs
154011 kilos x 35.2 ozs = 5,421,187 ozs/Ag
5,421,187 ozs/Ag x 13/oz Ag = $70,475,431
Zinc
28758 tons x roughly $3000 per ton $86,274,000
Tin
9881 tons x roughly $9000 per ton = $88,929,000
Roughly the Total Worth of 1 vein = $245,678,431
Comes out to .20 per share from 1 vein.
Posted by: jdigilarmo
In addition, the best post that I can remember from back then
that gives a true economic breakdown for the first vein
is post #5546 by jdigilarmo.
I would highly recommend that you give post #5546 a look as it
will show you the numbers on the zinc and the tin, which, each
separately, outweigh the silver economics and profit
potential.
It looks to me like ZINC could be on par or even more
profitable than the precious metals considering the unfolding
worldwide supply/demand imbalance. FMNJ could be a major
bullish triple threat with zinc, silver and the GTL plant
combined. Blue skies ahead...IMO.
Posted by: Diewarzu
Strong Silver Demand Is Good News for Franklin Mining, Bolivia
S.A.'s Joint Venture With COMIBOL
2005's Industrial Demand Surged 11%, Prices at 23 Year Highs
Franklin Mining, Inc.
(PINKSHEETS: FMNJ).
According to the recently published 2006 World Silver Survey,
2005's silver rose to its highest level since 2001 while
mine production rose only 3.42% and silver prices reach
levels not seen since 1983.
Despite an almost 9% decline in photographic demand and 4%
decline from the manufacture of coins and medals, a strong
11.13% growth in industrial applications produced an overall
3% gain in silver's demand.
2005's 10% growth in global demand from the electrical and
electronics industries is expected to continue in 2006
and will likely be further influenced by expected increases
in silver's demand necessary to meet requirements of
the European Union's RoHS Directive.
(RoHS stands for "the restriction of the use of certain
hazardous substances and electrical and electronic equipment"
and becomes effective July 1, 2006.)
Franklin Mining, Bolivia S.A.'s joint venture with Bolivia's
COMIBOL expects to initiate operations later this summer
following a full review of its assigned four mineral veins.
An analysis of the Cerro Rico de Potosi's 1600 meter
San Miguel vein indicates a 154,011 Kilo silver reserve;
three additional reports are expected soon.
All four reports will be reviewed by Behre Dolbear,
mining consultants to Franklin Mining, Bolivia S.A.
Additional information on silver, its uses and demand, is
available from two non-profit groups --
The Silver Institute in Washington, DC
(www.silverinstitute.org) and the Silver Users Association in
Fairfax, VA (www.silverusersassociation.org).
The World Silver Survey is published annually by GFMS Limited,
London, and is available from The Silver Institute.
Franklin Mining, Bolivia S.A. (a Bolivian corporation)
is a subsidiary company of Franklin Mining, Inc.
COMIBOL is Bolivia's state-owned mining company.
For additional information on Franklin Mining, Inc,
please visit our web-site,
www.franklinmining.com.
To receive Franklin Mining news by e-mail,
please send contact information to
info@franklinmining.com.
RE:
Silver Companies > Market cap's (updated);
Cerro Rico, or “Rich Mountain” -
The Worlds Richest Silver Mine -
has been mined for nearly -
- 1000 years.
Silver Companies > Market cap's (updated);
FMNJ - Franklin Mining, Inc. = $37 MILLION
http://www.investorshub.com/boards/board.asp?board_id=2957
ECU - ECU Silver = $459 MILLION
http://www.tsx.com/HttpController?GetPage=QuotesViewPage&DetailedView=DetailedPrices&Languag....
HL - Hecla Mining Co = $606.62 MILLION
http://www.investorshub.com/boards/quotes.asp?ticker=cde&qm_page=64251&qm_symbol=hl
SIL - Apex Silver Mines Ltd. = $882.55 MILLION
http://www.investorshub.com/boards/quotes.asp?ticker=cde&qm_page=44424&qm_symbol=sil
SLW - Silver Wheaton Corp. = $1.86 BILLION
http://www.investorshub.com/boards/quotes.asp?ticker=cde&qm_page=48684&qm_symbol=SLW
SSRI - Silver Standard Resources Inc. = $1.08 BILLION
http://www.investorshub.com/boards/quotes.asp?ticker=cde&qm_page=835&qm_symbol=Ssri
CDE - Coeur d'Alene Mines Corp = $1.31 BILLION
http://www.investorshub.com/boards/quotes.asp?ticker=cde
PAAS - Pan American Silver Corp. = $1.21 BILLION
http://www.investorshub.com/boards/quotes.asp?ticker=cde&qm_page=54157&qm_symbol=paas
UNCN - Unico Inc. = $797.49 Thousand? / Less than $10 MILLION
http://www.investorshub.com/boards/quotes.asp?ticker=cde&qm_page=38242&qm_symbol=UNCNe
http://www.investorshub.com/boards/board.asp?board_id=177
Including - The Silver Bell Mine -
Silver Bells, Silver Bells....
http://www.always-safe.com/silverbells.html
Note. if You have more updated info -
Silver comp. market cap. please, don't
hesitate to let us know -
tia.
--
- i see some great Potosi processing plants -
- they have been by bureaucrats neglected -
for many years -
- no one had the knowledge how to run them -
- with pro. eng. care and proper maintenance etc. -
- FMNJ - has got the Trust from the bureaucrats &
- cooperation of Miners -
- FMNJ needs our Trust now! -
- its hard working miners in Potosi -
wish FMNJ mission to soon be in Potosi production -
to give the children mission and all a success -
most folks who succeed do so because they are -
determined and in a good mission to -
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 Jun 2006:
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 -
Ex. biggest money scheme scam in US History -
http://www.wtv-zone.com/Mary/FEDERALRESERVE.HTML
http://www.goldrush21.com/
http://www.usaidbolivia.org.bo/
FMNJ - got the worlds richest Silver Mine -
You finding more FMNJ info on the link below -
http://www.investorshub.com/boards/board.asp?board_id=5406
http://news.bbc.co.uk/2/hi/business/5115920.stm
Always make sure to do your own
DD -- don't listen to my dd ---
http://www.franklinmining.com/Home/tabid/1215/Default.aspx
Imo. Thanks for your participations -
Brgds
Bob
In God We Trust
Franklin Mining - San Miguel Vein -
(Update)
FMNJ # 1 - San Miguel Vein -
MI WEEK IN REVIEW: Zinc reinvigorated after spell at the lows
Metals Insider - 05 July 2006
MI WEEK IN REVIEW:
Zinc seems to have found a new spring in its step after its
recent sojourn beneath the $3,000 level where it held the
100-day moving average.
The market has seen renewed buying from the CTA systematic
fund community with all eyes now on what the big index
funds do at the start of the new month and the new
quarter after the extended US Independence Day holiday.
http://www.metalsinsider.com/WIR/zn050706.htm
Note. An analysis of the Cerro Rico de Potosi's 1600 meter
San Miguel vein indicates a 154,011 Kilo silver reserve;
three additional reports are expected soon.
All four reports will be reviewed by Behre Dolbear,
mining consultants to Franklin Mining, Bolivia S.A.
Figures:
Silver
1 Kilo = 35.2 ozs
154011 kilos x 35.2 ozs = 5,421,187 ozs/Ag
5,421,187 ozs/Ag x 13/oz Ag = $70,475,431
Zinc
28758 tons x roughly $3000 per ton $86,274,000
Tin
9881 tons x roughly $9000 per ton = $88,929,000
Roughly the Total Worth of 1 vein = $245,678,431
Comes out to .20 per share from 1 vein.
Posted by: jdigilarmo
In addition, the best post that I can remember from back then
that gives a true economic breakdown for the first vein
is post #5546 by jdigilarmo.
I would highly recommend that you give post #5546 a look as it
will show you the numbers on the zinc and the tin, which, each
separately, outweigh the silver economics and profit
potential.
It looks to me like ZINC could be on par or even more
profitable than the precious metals considering the unfolding
worldwide supply/demand imbalance. FMNJ could be a major
bullish triple threat with zinc, silver and the GTL plant
combined. Blue skies ahead...IMO.
Posted by: Diewarzu
Strong Silver Demand Is Good News for Franklin Mining, Bolivia
S.A.'s Joint Venture With COMIBOL
2005's Industrial Demand Surged 11%, Prices at 23 Year Highs
Franklin Mining, Inc.
(PINKSHEETS: FMNJ).
According to the recently published 2006 World Silver Survey,
2005's silver rose to its highest level since 2001 while
mine production rose only 3.42% and silver prices reach
levels not seen since 1983.
Despite an almost 9% decline in photographic demand and 4%
decline from the manufacture of coins and medals, a strong
11.13% growth in industrial applications produced an overall
3% gain in silver's demand.
2005's 10% growth in global demand from the electrical and
electronics industries is expected to continue in 2006
and will likely be further influenced by expected increases
in silver's demand necessary to meet requirements of
the European Union's RoHS Directive.
(RoHS stands for "the restriction of the use of certain
hazardous substances and electrical and electronic equipment"
and becomes effective July 1, 2006.)
Franklin Mining, Bolivia S.A.'s joint venture with Bolivia's
COMIBOL expects to initiate operations later this summer
following a full review of its assigned four mineral veins.
An analysis of the Cerro Rico de Potosi's 1600 meter
San Miguel vein indicates a 154,011 Kilo silver reserve;
three additional reports are expected soon.
All four reports will be reviewed by Behre Dolbear,
mining consultants to Franklin Mining, Bolivia S.A.
Additional information on silver, its uses and demand, is
available from two non-profit groups --
The Silver Institute in Washington, DC
(www.silverinstitute.org) and the Silver Users Association in
Fairfax, VA (www.silverusersassociation.org).
The World Silver Survey is published annually by GFMS Limited,
London, and is available from The Silver Institute.
Franklin Mining, Bolivia S.A. (a Bolivian corporation)
is a subsidiary company of Franklin Mining, Inc.
COMIBOL is Bolivia's state-owned mining company.
For additional information on Franklin Mining, Inc,
please visit our web-site,
www.franklinmining.com.
To receive Franklin Mining news by e-mail,
please send contact information to
info@franklinmining.com.
RE:
Silver Companies > Market cap's (updated);
Cerro Rico, or “Rich Mountain” -
The Worlds Richest Silver Mine -
has been mined for nearly -
- 1000 years.
Silver Companies > Market cap's (updated);
FMNJ - Franklin Mining, Inc. = $37 MILLION
http://www.investorshub.com/boards/board.asp?board_id=2957
ECU - ECU Silver = $459 MILLION
http://www.tsx.com/HttpController?GetPage=QuotesViewPage&DetailedView=DetailedPrices&Languag....
HL - Hecla Mining Co = $606.62 MILLION
http://www.investorshub.com/boards/quotes.asp?ticker=cde&qm_page=64251&qm_symbol=hl
SIL - Apex Silver Mines Ltd. = $882.55 MILLION
http://www.investorshub.com/boards/quotes.asp?ticker=cde&qm_page=44424&qm_symbol=sil
SLW - Silver Wheaton Corp. = $1.86 BILLION
http://www.investorshub.com/boards/quotes.asp?ticker=cde&qm_page=48684&qm_symbol=SLW
SSRI - Silver Standard Resources Inc. = $1.08 BILLION
http://www.investorshub.com/boards/quotes.asp?ticker=cde&qm_page=835&qm_symbol=Ssri
CDE - Coeur d'Alene Mines Corp = $1.31 BILLION
http://www.investorshub.com/boards/quotes.asp?ticker=cde
PAAS - Pan American Silver Corp. = $1.21 BILLION
http://www.investorshub.com/boards/quotes.asp?ticker=cde&qm_page=54157&qm_symbol=paas
UNCN - Unico Inc. = $797.49 Thousand? / Less than $10 MILLION
http://www.investorshub.com/boards/quotes.asp?ticker=cde&qm_page=38242&qm_symbol=UNCNe
http://www.investorshub.com/boards/board.asp?board_id=177
Including - The Silver Bell Mine -
Silver Bells, Silver Bells....
http://www.always-safe.com/silverbells.html
Note. if You have more updated info -
Silver comp. market cap. please, don't
hesitate to let us know -
tia.
--
- i see some great Potosi processing plants -
- they have been by bureaucrats neglected -
for many years -
- no one had the knowledge how to run them -
- with pro. eng. care and proper maintenance etc. -
- FMNJ - has got the Trust from the bureaucrats &
- cooperation of Miners -
- FMNJ needs our Trust now! -
- its hard working miners in Potosi -
wish FMNJ mission to soon be in Potosi production -
to give the children mission and all a success -
most folks who succeed do so because they are -
determined and in a good mission to -
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 Jun 2006:
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 -
Ex. biggest money scheme scam in US History -
http://www.wtv-zone.com/Mary/FEDERALRESERVE.HTML
http://www.goldrush21.com/
http://www.usaidbolivia.org.bo/
FMNJ - got the worlds richest Silver Mine -
You finding more FMNJ info on the link below -
http://www.investorshub.com/boards/board.asp?board_id=5406
http://news.bbc.co.uk/2/hi/business/5115920.stm
Always make sure to do your own
DD -- don't listen to my dd ---
http://www.franklinmining.com/Home/tabid/1215/Default.aspx
Imo. Thanks for your participations -
Brgds
Bob
In God We Trust
Sam Hyams Orthodox Jew Next Oil Baron?
(fyi. repeat about our CEO) -
Category Business And Finance
Article Title Orthodox Jew Next Oil Baron?
Author Howard Bloomberg
Article Summary H. Sam Hyams, a Toronto businessman
and Orthodox Jew, is on his way to becoming a major
player in the world oil markets with his company
Strat Petroleum, Ltd.
A well respected businessman in Canada, Hyams has
a strong network of contacts in the U.S.
and especially Russia.
His company is investing in the development of oil
fields in Russia through direct investment or
the establishment of joint ventures.
They are also leveraging relationships with local
refineries to secure refined oil product for sale
to international markets, in order to generate
revenues and cash flows.
To achieve these objectives, Hyams is following
an aggressive acquisition and sales strategy
and pursuing the best financing alternative for
each opportunity in order to realize early
returns on investment.
His aim is to be selective in securing those
opportunities that have the lowest risk while
diversifying sources of revenue through sale
of crude oil and refined products.
Mr. Hyams, CEO and President of Strat Petroleum, Ltd
holds a Masters Degree in Business Administration
from York University in Ontario
and is a Chartered Accountant.
His extensive experience over the past 20 years
in Canadian industry and on the international scene
has included positions in finance and accounting to
assisting in establishing new ventures by securing
financing, and managing their business plans.
If successful, Hyams will join only a handful of U.S.
companies successfully penetrating the Russian
oil landscape.
The Company is a publicly traded on the NASDAQ
Emerging Pink Sheet Exchange (symbol:SPRL) and
their website is -
http://www.stratpetroleum.com
About The Author
Howard Bloomberg is a retired author who has written more
than 25 How-To books for financial professionals.
An immigrant from Russia in 1962, Bloomberg was instrumental
in the discovery of "candlestick pattern" trading.
He lives in Washington, D.C. with his wife of 52 years.
Facts;
http://tinyurl.com/a5wz9
http://tinyurl.com/d5f9x
SPRL news was fantastic
there should be no doubt
Strat is the real
deal siging contracts with
the RUSSIAN GOVT
confirms this -
State-owned Rosneft
Rosneft controls Yuganstneftgaz
http://www.rosneft.ru/english/
SPRL is NOT a Short term play!
SPRL is a LT Large Crude play ...
http://tinyurl.com/99lky
---
My buddy just sent me this info on SPRL -
I'm hearing good things...
CEO is in Russian right now -
and should be bringing home -
more business to report.
Do you watch L2 closely?
If yes, I'm expecting good buying -
from a pro-group via UBSS.
Keep an eye on how aggressive they might be -
on the bid, and let me know every few days.
As I work,
I rarely see L2 during the day.
Cheers,
Franklin FMNJ - Silver Comp. Market cap's -
(updated);
Wall Street tends to put the smartest money managers
in charge of the most wealth;
but brains cannot overcome the natural fact of life -
that small things grow faster -
and big things grow slowest, or die.
And i suppose that very few of them truly understand
the effect of size on growth rates.
In fact, do you know what some of the supposed “geniuses” do?
They weight a portfolio based on the *market cap* of the
companies they hold!
So, the larger the market cap of the companies they pick,
the more they will invest, which is exactly backwards -
of how it should be done!
They should, instead, invest the most money in the things -
that have the greatest potential to move up in value!
They should, instead, invest the most money in the smaller -
companies, and in smaller markets, such as gold and silver!
Sometimes, there is one organization in charge of managing -
over $211 billion dollars, such as with CalPERS -
the retirement fund of California State employees.
But putting one entity in charge of too much wealth -
is as bad as price fixing or central planning -
and the free market will outperform large central planning -
every time.
(The free market outperforms because people who are
responsible for their own wealth are far more productive -
than wasteful and inefficient central planning.)
So, one of the untrue myths of Wall Street is -
“you can’t beat the market”.
But in fact, you should expect to significantly outperform -
the market, because you are not as large as, and certainly
not larger than, the market!
Your greatest edge is your small size.
So, the biggest reason that bonds are going down in value -
is that the bond market is too big! $30 trillion?
And the biggest reason why silver is going up in value -
is because the silver market is so small! $1-5 billion?
by Jason
Btw. if You have a more correct number than Yahoo and
quotemedia.com, please present them to the Shareholders,
with the Shareholders help we can keep it up to date -
we don't want to be egoistic well we will help each other
to get accurate info,
TIA
RE:
Silver Companies > Market cap's (updated);
Cerro Rico, or “Rich Mountain” -
The Worlds Richest Silver Mine -
has been mined for nearly -
- 1000 years.
Silver Companies > Market cap's (updated);
FMNJ - Franklin Mining, Inc. = $37 MILLION
http://www.investorshub.com/boards/board.asp?board_id=2957
ECU - ECU Silver = $459 MILLION
http://www.tsx.com/HttpController?GetPage=QuotesViewPage&DetailedView=DetailedPrices&Languag....
HL - Hecla Mining Co = $606.62 MILLION
http://www.investorshub.com/boards/quotes.asp?ticker=cde&qm_page=64251&qm_symbol=hl
SIL - Apex Silver Mines Ltd. = $882.55 MILLION
http://www.investorshub.com/boards/quotes.asp?ticker=cde&qm_page=44424&qm_symbol=sil
SLW - Silver Wheaton Corp. = $1.86 BILLION
http://www.investorshub.com/boards/quotes.asp?ticker=cde&qm_page=48684&qm_symbol=SLW
SSRI - Silver Standard Resources Inc. = $1.08 BILLION
http://www.investorshub.com/boards/quotes.asp?ticker=cde&qm_page=835&qm_symbol=Ssri
CDE - Coeur d'Alene Mines Corp = $1.31 BILLION
http://www.investorshub.com/boards/quotes.asp?ticker=cde
PAAS - Pan American Silver Corp. = $1.21 BILLION
http://www.investorshub.com/boards/quotes.asp?ticker=cde&qm_page=54157&qm_symbol=paas
UNCN - Unico Inc. = $797.49 Thousand? / Less than $10 MILLION
http://www.investorshub.com/boards/quotes.asp?ticker=cde&qm_page=38242&qm_symbol=UNCNe
http://www.investorshub.com/boards/board.asp?board_id=177
Including - The Silver Bell Mine -
Silver Bells, Silver Bells....
http://www.always-safe.com/silverbells.html
Note. if You have more updated info -
Silver comp. market cap. please, don't
hesitate to let us know -
tia.
--
- i see some great Potosi processing plants -
- they have been by bureaucrats neglected -
for many years -
- no one had the knowledge how to run them -
- with pro. eng. care and proper maintenance etc. -
- FMNJ - has got the Trust from the bureaucrats &
- cooperation of Miners -
- FMNJ needs our Trust now! -
- its hard working miners in Potosi -
wish FMNJ mission to soon be in Potosi production -
to give the children mission and all a success -
most folks who succeed do so because they are -
determined and in a good mission to -
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 Jun 2006:
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 -
Ex. biggest money scheme scam in US History -
http://www.wtv-zone.com/Mary/FEDERALRESERVE.HTML
http://www.goldrush21.com/
http://www.usaidbolivia.org.bo/
FMNJ - got the worlds richest Silver Mine -
You finding more FMNJ info on the link below -
http://www.investorshub.com/boards/board.asp?board_id=5406
http://news.bbc.co.uk/2/hi/business/5115920.stm
Always make sure to do your own
DD -- don't listen to my dd ---
http://www.franklinmining.com/Home/tabid/1215/Default.aspx
Imo. Thanks for your participations -
Brgds
Bob
In God We Trust
Franklin FMNJ - Silver Comp. Market cap's -
(updated);
Wall Street tends to put the smartest money managers
in charge of the most wealth;
but brains cannot overcome the natural fact of life -
that small things grow faster -
and big things grow slowest, or die.
And i suppose that very few of them truly understand
the effect of size on growth rates.
In fact, do you know what some of the supposed “geniuses” do?
They weight a portfolio based on the *market cap* of the
companies they hold!
So, the larger the market cap of the companies they pick,
the more they will invest, which is exactly backwards -
of how it should be done!
They should, instead, invest the most money in the things -
that have the greatest potential to move up in value!
They should, instead, invest the most money in the smaller -
companies, and in smaller markets, such as gold and silver!
Sometimes, there is one organization in charge of managing -
over $211 billion dollars, such as with CalPERS -
the retirement fund of California State employees.
But putting one entity in charge of too much wealth -
is as bad as price fixing or central planning -
and the free market will outperform large central planning -
every time.
(The free market outperforms because people who are
responsible for their own wealth are far more productive -
than wasteful and inefficient central planning.)
So, one of the untrue myths of Wall Street is -
“you can’t beat the market”.
But in fact, you should expect to significantly outperform -
the market, because you are not as large as, and certainly
not larger than, the market!
Your greatest edge is your small size.
So, the biggest reason that bonds are going down in value -
is that the bond market is too big! $30 trillion?
And the biggest reason why silver is going up in value -
is because the silver market is so small! $1-5 billion?
by Jason
Btw. if You have a more correct number than Yahoo and
quotemedia.com, please present them to the Shareholders,
with the Shareholders help we can keep it up to date -
we don't want to be egoistic well we will help each other
to get accurate info,
TIA
RE:
Silver Companies > Market cap's (updated);
Cerro Rico, or “Rich Mountain” -
The Worlds Richest Silver Mine -
has been mined for nearly -
- 1000 years.
Silver Companies > Market cap's (updated);
FMNJ - Franklin Mining, Inc. = $37 MILLION
http://www.investorshub.com/boards/board.asp?board_id=2957
ECU - ECU Silver = $459 MILLION
http://www.tsx.com/HttpController?GetPage=QuotesViewPage&DetailedView=DetailedPrices&Languag....
HL - Hecla Mining Co = $606.62 MILLION
http://www.investorshub.com/boards/quotes.asp?ticker=cde&qm_page=64251&qm_symbol=hl
SIL - Apex Silver Mines Ltd. = $882.55 MILLION
http://www.investorshub.com/boards/quotes.asp?ticker=cde&qm_page=44424&qm_symbol=sil
SLW - Silver Wheaton Corp. = $1.86 BILLION
http://www.investorshub.com/boards/quotes.asp?ticker=cde&qm_page=48684&qm_symbol=SLW
SSRI - Silver Standard Resources Inc. = $1.08 BILLION
http://www.investorshub.com/boards/quotes.asp?ticker=cde&qm_page=835&qm_symbol=Ssri
CDE - Coeur d'Alene Mines Corp = $1.31 BILLION
http://www.investorshub.com/boards/quotes.asp?ticker=cde
PAAS - Pan American Silver Corp. = $1.21 BILLION
http://www.investorshub.com/boards/quotes.asp?ticker=cde&qm_page=54157&qm_symbol=paas
UNCN - Unico Inc. = $797.49 Thousand? / Less than $10 MILLION
http://www.investorshub.com/boards/quotes.asp?ticker=cde&qm_page=38242&qm_symbol=UNCNe
http://www.investorshub.com/boards/board.asp?board_id=177
Including - The Silver Bell Mine -
Silver Bells, Silver Bells....
http://www.always-safe.com/silverbells.html
Note. if You have more updated info -
Silver comp. market cap. please, don't
hesitate to let us know -
tia.
--
- i see some great Potosi processing plants -
- they have been by bureaucrats neglected -
for many years -
- no one had the knowledge how to run them -
- with pro. eng. care and proper maintenance etc. -
- FMNJ - has got the Trust from the bureaucrats &
- cooperation of Miners -
- FMNJ needs our Trust now! -
- its hard working miners in Potosi -
wish FMNJ mission to soon be in Potosi production -
to give the children mission and all a success -
most folks who succeed do so because they are -
determined and in a good mission to -
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 Jun 2006:
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 -
Ex. biggest money scheme scam in US History -
http://www.wtv-zone.com/Mary/FEDERALRESERVE.HTML
http://www.goldrush21.com/
http://www.usaidbolivia.org.bo/
FMNJ - got the worlds richest Silver Mine -
You finding more FMNJ info on the link below -
http://www.investorshub.com/boards/board.asp?board_id=5406
http://news.bbc.co.uk/2/hi/business/5115920.stm
Always make sure to do your own
DD -- don't listen to my dd ---
http://www.franklinmining.com/Home/tabid/1215/Default.aspx
Imo. Thanks for your participations -
Brgds
Bob
In God We Trust
makesumgravy, RE: what is the abbreviation DTC?.
I just can't think what this is.
DTC -
Depository Trust Company (DTC) -
is a member of the U.S. Federal Reserve System fraud -
a limited-purpose trust company under New York State -
banking law and a registered clearing agency with -
the Securities and Exchange Commission.
https://login.dtcc.com/dtcorg/
Biggest Scam In History -
http://www.wtv-zone.com/Mary/FEDERALRESERVE.HTML
imo.
makesum, the above copied from
another forum.
Regards
Bob
dayneyus, i have taken the following
sipp from the N/R -
The net proceeds of the financing will be held in escrow until
such conditions are met.
Pursuant to the financing, the Company issued 125,000,000
special warrants (each a "Special Warrant") to various
purchasers thereof.
Each Special Warrant is exercisable into one common share
and one-half of one common share purchase warrant
(each a "Warrant") for no additional consideration,
provided that certain conditions are met.
Each Warrant will be exercisable into one common share
upon payment of $0.15 per share for a period
of two years.
Mon, May 29, 2006
2:14 PM Campbell Resources is granted an extension and announces the closing of equity financings -
Canada NewsWire --
http://www.investorshub.com/boards/quotes.asp?ticker=t.cch
dayneyus, to me it sounds like your est. is a little
low ? -
all i seen stated is -
*Each Warrant will be exercisable into one common share
upon payment of $0.15 per share for a period
of two years.*
RE: Q. How is the company doing?
CCH - should be doing fine with all rich copper and
gold mines with the higher PM prices today -
imo.
thanks for your interest and if You find more info -
please, don't hesitate to inform us here -
Regards
Bob
CanWest Petroleum Corporation - NEWS -
(OTC BB:CWPC.OB - News) -
announces the closing of the private placement -
of common shares issued on a flow-through basis -
announced on June 13, 2006.
A total of 5,668,100 common shares were issued on a
flow-through basis at a price of C$6.60 per share
for gross proceeds of C$37,409,460.
http://www.investorshub.com/boards/board.asp?board_id=5409
http://www.investorshub.com/boards/quotes.asp?ticker=cwpc&qm_page=7576&qm_symbol=CWPC
http://www.investorshub.com/boards/quotes.asp?ticker=cwpc&qm_page=68900&qm_symbol=CWPC
CanWest Petroleum Announces Closing of Flow-Through Share Offering
Thursday July 6, 9:23 am ET
CALGARY, ALBERTA--(MARKET WIRE)--Jul 6, 2006 -- CanWest
Petroleum Corporation (OTC BB:CWPC.OB - News) announces the
closing of the private placement of common shares issued on a flow-through basis announced on June 13, 2006.
A total of 5,668,100 common shares were issued on a flow-
through basis at a price of C$6.60 per share for gross
proceeds of C$37,409,460
The proceeds will be used to incur Canadian Exploration
Expenses on resource delineation and other exploration work
being undertaken by CanWest Petroleum's subsidiary, Oilsands
Quest Inc., on Oilsands Quest's permit lands in Saskatchewan.
The private placement was completed through a syndicate of agents led by TD Securities Inc. and including CIBC World Markets Inc., J.F. Mackie & Company Ltd. and Peters & Co. Limited.
CanWest Petroleum owns a 59.5 percent interest, on a fully diluted basis, in Oilsands Quest. On June 12, 2006, CanWest Petroleum and Oilsands Quest jointly announced that the companies have entered into an agreement that provides for the combination of the two companies; this transaction is expected to be completed on August 14, 2006.
The Flow-Through Shares have not been registered under the United States Securities Act of 1933, as amended (the "Securities Act") and may not be offered or sold in the United States or to U.S. persons as such term is defined in Regulation S under the Securities Act absent a registration statement or an applicable exemption from registration.
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties, including but not limited to economic, competitive, governmental and technological factors effecting the Company's operations, markets, products and prices and other factors discussed in the Company's various filings with the Securities and Exchange Commission.
Cusip# 138 748 108
Contact:
Contacts:
CanWest Petroleum Corporation
Jonathan Buick
(416) 915-0915 or Toll Free: 1-877-748-0914
jbuick@buickgroup.com
Source: CanWest Petroleum Corporation
FMNJ - Worldwide Zinc Crisis -
The world is out of zinc ...
I’m not joking.
All industrial metals are scarce right now,
but none are as scarce as zinc.
There simply isn’t any available.
http://www.financialsense.com/editorials/sjuggerud/2006/0531.html
Always do your own -
dd ...
http://www.investorshub.com/boards/board.asp?board_id=5406
Tia.
Bob
FMNJ - Worldwide Zinc Crisis -
The world is out of zinc ...
I’m not joking.
All industrial metals are scarce right now,
but none are as scarce as zinc.
There simply isn’t any available.
http://www.financialsense.com/editorials/sjuggerud/2006/0531.html
Always do your own -
dd ...
http://www.investorshub.com/boards/board.asp?board_id=5406
Tia.
Bob