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FMNJ - Chart TA Technical Analysis TI -
FMNJ - Chart TA Technical Analysis TI -
FMNJ - Chart TA Technical Analysis TI -
FMNJ - RSI - Relative Strenghts Index Indicator -
RSI - Buy when prices diverge lower and RSI is rising -
FMNJ - TI - RSI - is in the most oversold LT & ST condition -
FMNJ - TI - RSI - Alert - Strong Buy
FMNJ - MACD - Ocillator -
FMNJ - TI - MACD - study calculates the difference between two
moving average -
FMNJ - TI - MACD - signal oversold - in the Strong buy zone -
FMNJ - Slow STO - Slow Stochastics -
FMNJ - TI - Slow STO - %D in the oversold zone -
below 20 - calling for a Strong Buy -
Do not let any volatility shake you out -
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.
http://www.goldrush21.com/
http://www.usaidbolivia.org.bo/
http://www.investorshub.com/boards/board.asp?board_id=5406
In God We Trust.
FMNJ - Chart TA Technical Analysis TI -
FMNJ - Chart TA Technical Analysis TI -
FMNJ - Chart TA Technical Analysis TI -
FMNJ - RSI - Relative Strenghts Index Indicator -
RSI - Buy when prices diverge lower and RSI is rising -
FMNJ - TI - RSI - is in the most oversold LT & ST condition -
FMNJ - TI - RSI - Alert - Strong Buy
FMNJ - MACD - Ocillator -
FMNJ - TI - MACD - study calculates the difference between two
moving average -
FMNJ - TI - MACD - signal oversold - in the Strong buy zone -
FMNJ - Slow STO - Slow Stochastics -
FMNJ - TI - Slow STO - %D in the oversold zone -
below 20 - calling for a Strong Buy -
Do not let any volatility shake you out -
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.
http://www.goldrush21.com/
http://www.usaidbolivia.org.bo/
http://www.investorshub.com/boards/board.asp?board_id=5406
In God We Trust.
americano, lead us on the right way -
americano, is it time to go trough the roof? -
You are Blessed with knowledge -
Rhodium, calling to Gold to hold hand with Rh -
Silver, on its way to catch up with Au & Rh -
FMNJ - has it all - can't ask for anything better -
the city that once made Europe rich -
history often repeat itself -
Cerro Rico rich treasure chest will be found -
Do not let any volatility shake you out -
when the weak hands exhaust themselves -
we'll see the next waves up -
U.S. NATIONAL DEBT CLOCK
The Outstanding Public Debt -
as of un 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.
http://www.goldrush21.com/
http://www.usaidbolivia.org.bo/
http://www.investorshub.com/boards/board.asp?board_id=5406
In God We Trust.
americano, lead us on the right way -
americano, is it time to go trough the roof? -
You are Blessed with knowledge -
Rhodium, calling to Gold to hold hand with Rh -
Silver, on its way to catch up with Au & Rh -
FMNJ - has it all - can't ask for anything better -
the city that once made Europe rich -
history often repeat itself -
Cerro Rico rich treasure chest will be found -
Do not let any volatility shake you out -
when the weak hands exhaust themselves -
we'll see the next waves up -
U.S. NATIONAL DEBT CLOCK
The Outstanding Public Debt -
as of un 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.
http://www.goldrush21.com/
http://www.usaidbolivia.org.bo/
http://www.investorshub.com/boards/board.asp?board_id=5406
In God We Trust.
The city that once made Europe rich -
the Miners who live there are to survive -
Mining has always been Potosi’s lifeblood.
Modern prospecting technology has discovered -
that the mountain still contains at least as much silver -
as the Spaniards extracted from it.
The Bolivian government has invited foreign firms -
to bid for the contract to mine it -
through to the heart of the ore-bearing rocks -
Franklin, COMIBOL Joint Venture Is Structured to Revitalize -
FMNJ - Mining Operations at Historic Cerro Rico de Potosi -
Market Wire, May, 2006
[Reflexion past N/R] -
Franklin Mining, Inc. -
(FMNJ)- Franklin Mining, Bolivia's Joint Venture with COMIBOL
for four veins of the Cerro Rico de Potosi, has been designed
and structured in anticipation of returning this historic mine
to full operations and enhancing multiple aspects of the local
economy.
Franklin's MOU with EcoSystem Partners, LLC, Sarasota, FL to
provide Broadband technology and services designed
specifically to help improve mine safety was one of the first
such commitments.
The value of FMNJ's Bolivian subsidiary's Joint Venture with
COMIBOL is not yet fully defined.
What is known is that the Cerro Rico, under COMIBOL's
ownership, is considered the world's largest silver deposit.
Dr. Adrian Boyce, Senior Research Fellow, Scottish
Universities Environmental Research Centre in Glasgow, has written
that the Cerro Rico's production has never been matched,
having produced almost five times more silver than any
other BPV deposit.
The San Miguel, the first Joint Venture vein to be publicly
identified, is estimated to contain 154,011 Kilo of silver
plus additional PM, base & rare metals.
Results from COMIBOL's three other analysis reports have not
yet been released.
In releasing today's information, Franklin CEO Jaime Melgarejo
confirmed FMNJ's position in Bolivia,
"Our agreement with COMIBOL is to be their partner in their
goal of returning the Cerro Rico to full production.
With Franklin Mining, Bolivia providing capital and
technology, with FEDECOMIN providing workers and with
COMIBOL having assigned the Joint Venture its four veins,
work is set to begin."
Missions:
Three other foreign-owned mining operations in the Potosi area
are also projected to make contributions to improving local
economies.
1. Coeur d'Alene Mines is projecting their San Bartolome
operation will be online in 2007 -
http://tinyurl.com/ptbmq
2. Apex Silver Mines, Ltd has two projects including the
multi-million dollar San Crisotbal -
http://www.apexsilver.com/social_commitment.html
This multi-national project is expected to be operating
by the third quarter, 2007.
3. Franklin, COMIBOL Joint Venture Is Structured to
Revitalize Mining Operations at -
Historic Cerro Rico de Potosi.
Mining is a crucial part of Bolivia's history and is playing
a pivotal role in President Evo Morales' plan to
reinvigorate the economy.
Modern era silver mining of -
The Cerro Rico de Potosi -
has been ongoing since 1544 -
when the Conquistadores -
discovered the immense wealth.
A study by Mark Abbott -
(Univ. of Pittsburgh's Dept. of Geology and Planetary Science)
and Alexander Wolfe
(Univ. of Alberta's Dept. of Earth and Atmospheric Sciences)
published in the Sept. 26, 2003 -
issue of Science, concludes that New World metallurgy -
was under way as early as 1000 to 1200 A.D.
Abbott and Wolfe believe these large scale smelting -
operations continued through early Colonial times
(1400 to 1650 A.D.) and provide evidence of a
major pre-Incan silver industry.
FEDECOMIN is Bolivia's management council -
responsible for providing guidance and supervision -
to all Cooperatives Societies.
COMIBOL is Bolivia's national mining company.
Franklin Mining, Bolivia (a Bolivian corporation) -
is a subsidiary of Franklin Mining, Inc.
For additional information on
Franklin Mining, Inc,
please visit our web site,
http://www.franklinmining.com .
To receive future Franklin Mining news
by e-mail, please send contact information to
info@franklinmining.com .
DISCLOSURES:
"Safe Harbor" statement under the Private Securities
Litigation Reform Act of 1995: This press release contains
forward-looking statements that are subject to risk and
uncertainties, including, but not limited to, the impact of
competitive products, product demand, market acceptance risks,
fluctuations in operating results, political risk and other
risks detailed from time to time in Franklin Mining, Inc.'s
filings with the Securities and Exchange Commission. These
risks could cause Franklin Mining, Inc.'s actual results to
differ materially from those expressed in any forward-looking
statements made by, or on behalf of,
Franklin Mining, Inc.
To receive future company information via e-mail,
please send your contact information to
info@franklinmining.com .
Contact:
Franklin Mining, Inc. -
Andrew Austin 619-334-5644
info@franklinmining.com
http://www.investorshub.com/boards/quotes.asp?ticker=fmnj
http://www.investorshub.com/boards/board.asp?board_id=5406
Do not let any volatility shake you out -
when the weak hands exhaust themselves -
we'll see the next waves up -
U.S. NATIONAL DEBT CLOCK
The Outstanding Public Debt -
as of 21 Jun 2006 at 12:26:19 AM GMT is:
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.
http://www.goldrush21.com/
http://www.usaidbolivia.org.bo/
http://www.investorshub.com/boards/board.asp?board_id=5406
In God We Trust -
He is with us -
are You?
Franklin, COMIBOL Joint Venture Is Structured to Revitalize -
FMNJ - Mining Operations at Historic Cerro Rico de Potosi -
Market Wire, May, 2006
[Reflexion past N/R] -
Franklin Mining, Inc. -
(FMNJ)- Franklin Mining, Bolivia's Joint Venture with COMIBOL
for four veins of the Cerro Rico de Potosi, has been designed
and structured in anticipation of returning this historic mine
to full operations and enhancing multiple aspects of the local
economy.
Franklin's MOU with EcoSystem Partners, LLC, Sarasota, FL to
provide Broadband technology and services designed
specifically to help improve mine safety was one of the first
such commitments.
The value of FMNJ's Bolivian subsidiary's Joint Venture with
COMIBOL is not yet fully defined.
What is known is that the Cerro Rico, under COMIBOL's
ownership, is considered the world's largest silver deposit.
Dr. Adrian Boyce, Senior Research Fellow, Scottish
Universities Environmental Research Centre in Glasgow, has written
that the Cerro Rico's production has never been matched,
having produced almost five times more silver than any
other BPV deposit.
The San Miguel, the first Joint Venture vein to be publicly
identified, is estimated to contain 154,011 Kilo of silver
plus additional PM, base & rare metals.
Results from COMIBOL's three other analysis reports have not
yet been released.
In releasing today's information, Franklin CEO Jaime Melgarejo
confirmed FMNJ's position in Bolivia,
"Our agreement with COMIBOL is to be their partner in their
goal of returning the Cerro Rico to full production.
With Franklin Mining, Bolivia providing capital and
technology, with FEDECOMIN providing workers and with
COMIBOL having assigned the Joint Venture its four veins,
work is set to begin."
Missions:
Three other foreign-owned mining operations in the Potosi area
are also projected to make contributions to improving local
economies.
1. Coeur d'Alene Mines is projecting their San Bartolome
operation will be online in 2007 -
http://tinyurl.com/ptbmq
2. Apex Silver Mines, Ltd has two projects including the
multi-million dollar San Crisotbal -
http://www.apexsilver.com/social_commitment.html
This multi-national project is expected to be operating
by the third quarter, 2007.
3. Franklin, COMIBOL Joint Venture Is Structured to
Revitalize Mining Operations at -
Historic Cerro Rico de Potosi.
Mining is a crucial part of Bolivia's history and is playing
a pivotal role in President Evo Morales' plan to
reinvigorate the economy.
Modern era silver mining of -
The Cerro Rico de Potosi -
has been ongoing since 1544 -
when the Conquistadores -
discovered the immense wealth.
A study by Mark Abbott -
(Univ. of Pittsburgh's Dept. of Geology and Planetary Science)
and Alexander Wolfe
(Univ. of Alberta's Dept. of Earth and Atmospheric Sciences)
published in the Sept. 26, 2003 -
issue of Science, concludes that New World metallurgy -
was under way as early as 1000 to 1200 A.D.
Abbott and Wolfe believe these large scale smelting -
operations continued through early Colonial times
(1400 to 1650 A.D.) and provide evidence of a
major pre-Incan silver industry.
FEDECOMIN is Bolivia's management council -
responsible for providing guidance and supervision -
to all Cooperatives Societies.
COMIBOL is Bolivia's national mining company.
Franklin Mining, Bolivia (a Bolivian corporation) -
is a subsidiary of Franklin Mining, Inc.
For additional information on
Franklin Mining, Inc,
please visit our web site,
http://www.franklinmining.com .
To receive future Franklin Mining news
by e-mail, please send contact information to
info@franklinmining.com .
DISCLOSURES:
"Safe Harbor" statement under the Private Securities
Litigation Reform Act of 1995: This press release contains
forward-looking statements that are subject to risk and
uncertainties, including, but not limited to, the impact of
competitive products, product demand, market acceptance risks,
fluctuations in operating results, political risk and other
risks detailed from time to time in Franklin Mining, Inc.'s
filings with the Securities and Exchange Commission. These
risks could cause Franklin Mining, Inc.'s actual results to
differ materially from those expressed in any forward-looking
statements made by, or on behalf of,
Franklin Mining, Inc.
To receive future company information via e-mail,
please send your contact information to
info@franklinmining.com .
Contact:
Franklin Mining, Inc. -
Andrew Austin 619-334-5644
info@franklinmining.com
http://www.investorshub.com/boards/quotes.asp?ticker=fmnj
http://www.investorshub.com/boards/board.asp?board_id=5406
Do not let any volatility shake you out -
when the weak hands exhaust themselves -
we'll see the next waves up -
U.S. NATIONAL DEBT CLOCK
The Outstanding Public Debt -
as of 21 Jun 2006 at 12:26:19 AM GMT is:
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.
http://www.goldrush21.com/
http://www.usaidbolivia.org.bo/
http://www.investorshub.com/boards/board.asp?board_id=5406
In God We Trust -
He is with us -
are You?
Franklin, COMIBOL Joint Venture Is Structured to Revitalize -
FMNJ - Mining Operations at Historic Cerro Rico de Potosi -
Market Wire, May, 2006
[Reflexion past N/R] -
Franklin Mining, Inc. -
(FMNJ)- Franklin Mining, Bolivia's Joint Venture with COMIBOL
for four veins of the Cerro Rico de Potosi, has been designed
and structured in anticipation of returning this historic mine
to full operations and enhancing multiple aspects of the local
economy.
Franklin's MOU with EcoSystem Partners, LLC, Sarasota, FL to
provide Broadband technology and services designed
specifically to help improve mine safety was one of the first
such commitments.
The value of FMNJ's Bolivian subsidiary's Joint Venture with
COMIBOL is not yet fully defined.
What is known is that the Cerro Rico, under COMIBOL's
ownership, is considered the world's largest silver deposit.
Dr. Adrian Boyce, Senior Research Fellow, Scottish
Universities Environmental Research Centre in Glasgow, has written
that the Cerro Rico's production has never been matched,
having produced almost five times more silver than any
other BPV deposit.
The San Miguel, the first Joint Venture vein to be publicly
identified, is estimated to contain 154,011 Kilo of silver
plus additional PM, base & rare metals.
Results from COMIBOL's three other analysis reports have not
yet been released.
In releasing today's information, Franklin CEO Jaime Melgarejo
confirmed FMNJ's position in Bolivia,
"Our agreement with COMIBOL is to be their partner in their
goal of returning the Cerro Rico to full production.
With Franklin Mining, Bolivia providing capital and
technology, with FEDECOMIN providing workers and with
COMIBOL having assigned the Joint Venture its four veins,
work is set to begin."
Missions:
Three other foreign-owned mining operations in the Potosi area
are also projected to make contributions to improving local
economies.
1. Coeur d'Alene Mines is projecting their San Bartolome
operation will be online in 2007.
2. Apex Silver Mines, Ltd has two projects including the
multi-million dollar San Crisotbal -
http://www.apexsilver.com/social_commitment.html
This multi-national project is expected to be operating
by the third quarter, 2007.
3. Franklin, COMIBOL Joint Venture Is Structured to
Revitalize Mining Operations at -
Historic Cerro Rico de Potosi.
Mining is a crucial part of Bolivia's history and is playing
a pivotal role in President Evo Morales' plan to
reinvigorate the economy.
Modern era silver mining of -
The Cerro Rico de Potosi -
has been ongoing since 1544 -
when the Conquistadores -
discovered the immense wealth.
A study by Mark Abbott -
(Univ. of Pittsburgh's Dept. of Geology and Planetary Science)
and Alexander Wolfe
(Univ. of Alberta's Dept. of Earth and Atmospheric Sciences)
published in the Sept. 26, 2003 -
issue of Science, concludes that New World metallurgy -
was under way as early as 1000 to 1200 A.D.
Abbott and Wolfe believe these large scale smelting -
operations continued through early Colonial times
(1400 to 1650 A.D.) and provide evidence of a
major pre-Incan silver industry.
FEDECOMIN is Bolivia's management council -
responsible for providing guidance and supervision -
to all Cooperatives Societies.
COMIBOL is Bolivia's national mining company.
Franklin Mining, Bolivia (a Bolivian corporation) -
is a subsidiary of Franklin Mining, Inc.
For additional information on
Franklin Mining, Inc,
please visit our web site,
http://www.franklinmining.com .
To receive future Franklin Mining news
by e-mail, please send contact information to
info@franklinmining.com .
DISCLOSURES:
"Safe Harbor" statement under the Private Securities
Litigation Reform Act of 1995: This press release contains
forward-looking statements that are subject to risk and
uncertainties, including, but not limited to, the impact of
competitive products, product demand, market acceptance risks,
fluctuations in operating results, political risk and other
risks detailed from time to time in Franklin Mining, Inc.'s
filings with the Securities and Exchange Commission. These
risks could cause Franklin Mining, Inc.'s actual results to
differ materially from those expressed in any forward-looking
statements made by, or on behalf of,
Franklin Mining, Inc.
To receive future company information via e-mail,
please send your contact information to
info@franklinmining.com .
Contact:
Franklin Mining, Inc. -
Andrew Austin 619-334-5644
info@franklinmining.com
http://www.investorshub.com/boards/quotes.asp?ticker=fmnj
http://www.investorshub.com/boards/board.asp?board_id=5406
Do not let any volatility shake you out -
when the weak hands exhaust themselves -
we'll see the next waves up -
U.S. NATIONAL DEBT CLOCK
The Outstanding Public Debt -
as of 21 Jun 2006 at 12:26:19 AM GMT is:
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.
http://www.goldrush21.com/
http://www.usaidbolivia.org.bo/
http://www.investorshub.com/boards/board.asp?board_id=5406
In God We Trust -
He is with us.
.
Franklin, COMIBOL Joint Venture Is Structured to Revitalize -
FMNJ - Mining Operations at Historic Cerro Rico de Potosi -
Market Wire, May, 2006
[Reflexion past N/R] -
Franklin Mining, Inc. -
(FMNJ)- Franklin Mining, Bolivia's Joint Venture with COMIBOL
for four veins of the Cerro Rico de Potosi, has been designed
and structured in anticipation of returning this historic mine
to full operations and enhancing multiple aspects of the local
economy.
Franklin's MOU with EcoSystem Partners, LLC, Sarasota, FL to
provide Broadband technology and services designed
specifically to help improve mine safety was one of the first
such commitments.
The value of FMNJ's Bolivian subsidiary's Joint Venture with
COMIBOL is not yet fully defined.
What is known is that the Cerro Rico, under COMIBOL's
ownership, is considered the world's largest silver deposit.
Dr. Adrian Boyce, Senior Research Fellow, Scottish
Universities Environmental Research Centre in Glasgow, has written
that the Cerro Rico's production has never been matched,
having produced almost five times more silver than any
other BPV deposit.
The San Miguel, the first Joint Venture vein to be publicly
identified, is estimated to contain 154,011 Kilo of silver -
plus additional PM, base & rare metals.
Results from COMIBOL's three other analysis reports have not
yet been released.
In releasing today's information, Franklin CEO Jaime Melgarejo
confirmed FMNJ's position in Bolivia,
"Our agreement with COMIBOL is to be their partner in their
goal of returning the Cerro Rico to full production.
With Franklin Mining, Bolivia providing capital and
technology, with FEDECOMIN providing workers and with
COMIBOL having assigned the Joint Venture its four veins,
work is set to begin."
Missions:
Three other foreign-owned mining operations in the Potosi area
are also projected to make contributions to improving local
economies.
1. Coeur d'Alene Mines is projecting their San Bartolome
operation will be online in 2007.
2. Apex Silver Mines, Ltd has two projects including the
multi-million dollar San Crisotbal.
This multi-national project is expected to be operating
by the third quarter, 2007.
3. Franklin, COMIBOL Joint Venture Is Structured to
Revitalize Mining Operations at -
Historic Cerro Rico de Potosi.
Mining is a crucial part of Bolivia's history and is playing
a pivotal role in President Evo Morales' plan to
reinvigorate the economy.
Modern era silver mining of -
The Cerro Rico de Potosi -
has been ongoing since 1544 -
when the Conquistadores -
discovered the immense wealth.
A study by Mark Abbott -
(Univ. of Pittsburgh's Dept. of Geology and Planetary Science)
and Alexander Wolfe
(Univ. of Alberta's Dept. of Earth and Atmospheric Sciences)
published in the Sept. 26, 2003 -
issue of Science, concludes that New World metallurgy -
was under way as early as 1000 to 1200 A.D.
Abbott and Wolfe believe these large scale smelting -
operations continued through early Colonial times
(1400 to 1650 A.D.) and provide evidence of a
major pre-Incan silver industry.
FEDECOMIN is Bolivia's management council -
responsible for providing guidance and supervision -
to all Cooperatives Societies.
COMIBOL is Bolivia's national mining company.
Franklin Mining, Bolivia (a Bolivian corporation) -
is a subsidiary of Franklin Mining, Inc.
For additional information on
Franklin Mining, Inc,
please visit our web site,
http://www.franklinmining.com .
To receive future Franklin Mining news
by e-mail, please send contact information to
info@franklinmining.com .
DISCLOSURES:
"Safe Harbor" statement under the Private Securities
Litigation Reform Act of 1995: This press release contains
forward-looking statements that are subject to risk and
uncertainties, including, but not limited to, the impact of
competitive products, product demand, market acceptance risks,
fluctuations in operating results, political risk and other
risks detailed from time to time in Franklin Mining, Inc.'s
filings with the Securities and Exchange Commission. These
risks could cause Franklin Mining, Inc.'s actual results to
differ materially from those expressed in any forward-looking
statements made by, or on behalf of,
Franklin Mining, Inc.
To receive future company information via e-mail,
please send your contact information to
info@franklinmining.com .
Contact:
Franklin Mining, Inc. -
Andrew Austin 619-334-5644
info@franklinmining.com
http://www.investorshub.com/boards/quotes.asp?ticker=fmnj
http://www.investorshub.com/boards/board.asp?board_id=5406
Do not let any volatility shake you out -
when the weak hands exhaust themselves -
we'll see the next waves up -
U.S. NATIONAL DEBT CLOCK
The Outstanding Public Debt -
as of 21 Jun 2006 at 12:26:19 AM GMT is:
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.
http://www.goldrush21.com/
http://www.usaidbolivia.org.bo/
http://www.investorshub.com/boards/board.asp?board_id=5406
In God We Trust -
He is with us.
.
batting, FMNJ - May 23 said: Ore -
recovered from the first -
of our four assigned veins -
est. a price of $700 per ton -
TON MIN
681,464
Est. appr. $700/ton x 681,464 ton = $477,024,800.00
"The estimated gross revenue we can expect to recover -
from the first of our four assigned veins is $52,500 per day - when using a price of $700 per ton.
Our consultants expect this to be a conservative estimate
for each processing plant."
"Obtaining in this manner the Total Prospective Reserves -
for the San Miguel vein with the following values:
TON MIN DM Ag % Zn % Sn KF Ag TF Zn TF Sn
681,464 2.26 4.22 1.45 154,011 28,758 9,881"
In making today's announcement, Franklin Mining CEO Jaime Melgarejo added, "COMIBOL has offered four veins to our Joint Venture and commissioned separate reports for each. The other reports are expected soon. When all four reports have been reviewed and accepted, we intend to finalize terms of our Joint Venture and begin work."
Additional information for Franklin Mining, Inc. is available on our web site, www.franklinmining.com
Note. COMIBOL - Ore est. take it with a grain of salt -
very shallow drilling -
most often modern Hi-tech exploration i do expect more
richer discovery - better results further deeper down etc.
imo.
Franklin Releases Potential Production Capacity of First Cerro Rico Processing Plant
LAS VEGAS, NV, May 23, 2006 (MARKET WIRE via COMTEX) -- Franklin Mining, Inc. (PINKSHEETS: FMNJ) has completed its estimate of potential production capacity from the first of several planned processing plants needed for mining operations at the Cerro Rico mine.
"The estimated gross revenue we can expect to recover from the first of our four assigned veins is $52,500 per day when using a price of $700 per ton. Our consultants expect this to be a conservative estimate for each processing plant."
Franklin, COMIBOL Joint Venture Is Structured to Revitalize Mining Operations at Historic Cerro Rico de Potosi
Market Wire, May, 2006
Franklin Mining, Inc.
(FMNJ)- Franklin Mining, Bolivia's Joint Venture with COMIBOL for four veins of the Cerro Rico de Potosi, has been designed and structured in anticipation of returning this historic mine to full operations and enhancing multiple aspects of the local economy. Franklin's MOU with EcoSystem Partners, LLC, Sarasota, FL to provide Broadband technology and services designed specifically to help improve mine safety was one of the first such commitments.
The value of FMNJ's Bolivian subsidiary's Joint Venture with COMIBOL is not yet fully defined. What is known is that the Cerro Rico, under COMIBOL's ownership, is considered the world's largest silver deposit. Dr. Adrian Boyce, Senior Research Fellow, Scottish Universities Environmental Research Centre in Glasgow, has written that the Cerro Rico's production has never been matched, having produced almost five times more silver than any other BPV deposit.
The San Miguel, the first Joint Venture vein to be publicly identified, is estimated to contain 154,011 Kilo of silver. Results from COMIBOL's three other analysis reports have not yet been released.
In releasing today's information, Franklin CEO Jaime Melgarejo confirmed FMNJ's position in Bolivia, "Our agreement with COMIBOL is to be their partner in their goal of returning the Cerro Rico to full production. With Franklin Mining, Bolivia providing capital and technology, with FEDECOMIN providing workers and with COMIBOL having assigned the Joint Venture its four veins, work is set to begin."
Three other foreign-owned mining operations in the Potosi area are also projected to make contributions to improving local economies. Coeur d'Alene Mines is projecting their San Bartolome operation will be online in 2007. Apex Silver Mines, Ltd has two projects including the multi-million dollar San Crisotbal. This multi-national project is expected to be operating by the third quarter, 2007.
Franklin, COMIBOL Joint Venture Is Structured to Revitalize Mining Operations at Historic Cerro Rico de Potosi
Mining is a crucial part of Bolivia's history and is playing a pivotal role in President Evo Morales' plan to reinvigorate the economy. Modern era silver mining of the Cerro Rico de Potosi has been ongoing since 1544 when the Conquistadores discovered the immense wealth. A study by Mark Abbott (Univ. of Pittsburgh's Dept. of Geology and Planetary Science) and Alexander Wolfe (Univ. of Alberta's Dept. of Earth and Atmospheric Sciences) published in the Sept. 26, 2003 issue of Science, concludes that New World metallurgy was under way as early as 1000 to 1200 A.D. Abbott and Wolfe believe these large scale smelting operations continued through early Colonial times (1400 to 1650 A.D.) and provide evidence of a major pre-Incan silver industry.
FEDECOMIN is Bolivia's management council responsible for providing guidance and supervision to all Cooperatives Societies. COMIBOL is Bolivia's national mining company. Franklin Mining, Bolivia (a Bolivian corporation) is a subsidiary of Franklin Mining, Inc.
For additional information on Franklin Mining, Inc, please visit our web site, www.franklinmining.com . To receive future Franklin Mining news by e-mail, please send contact information to info@franklinmining.com .
DISCLOSURES:
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements that are subject to risk and uncertainties, including, but not limited to, the impact of competitive products, product demand, market acceptance risks, fluctuations in operating results, political risk and other risks detailed from time to time in Franklin Mining, Inc.'s filings with the Securities and Exchange Commission. These risks could cause Franklin Mining, Inc.'s actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, Franklin Mining, Inc.
To receive future company information via e-mail, please send your contact information to info@franklinmining.com .
Contact: Franklin Mining, Inc. Andrew Austin 619-334-5644 info@franklinmining.com
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.
Century Mining Corp. - CMM - 50-year mining
and operating lease covering all of
the San Juan claims in Peru -
Century Mining Corporation
(TSX VENTURE:CMM)
BLAINE, WASHINGTON--(CCNMatthews - June 22, 2006) -
- announces that San Juan Gold Mines S.A.A. ("San Juan") -
has granted Century Mining Peru S.A.C. ("Century Peru") -
a wholly owned subsidiary of Century Mining Corporation,
a 50-year mining and operating lease covering all of
the San Juan claims.
This allows Century Peru to operate the San Juan gold mine
and carry out exploration work on the concessions.
All gold produced from the San Juan concessions -
will be 100% attributable to -
Century Mining Corporation's account.
Century Peru will be responsible for funding all future capital,
operating and exploration expenditures on -
the mining concessions.
San Juan will receive a 10% net profit interest from gold
production at the mine after repayment to Century Peru of
capital, operating, exploration and management expenses.
Century Peru has a 60% controlling interest in San Juan
and also has 100% interest in the surrounding exploration
concessions that were acquired as part of the acquisition
of San Juan.
A 60% share of any net profit interest payment made to
San Juan will also be attributable to the Company.
Margaret Kent, President & CEO said:
"The granting of the mining and operating lease to our
Peruvian subsidiary is the culmination of our plans to
gain control of 100% of gold production from
the San Juan Mine and to carry out exploration
and development on the San Juan concessions."
About Century Mining Corporation
The Company forecasts gold production of 100,000 ounces
of gold at a cash cost of US$325 to US$350 an ounce from
its operating Sigma, Lamaque and San Juan mines in 2006.
The Company owns the dormant Carolin gold mine in
southwestern British Columbia;
nine precious metals exploration properties located -
on the historic Juneau Gold Belt in Alaska;
and production and exploration properties in Peru.
Margaret M. Kent, Chairman, President & C.E.O.
This press release contains forward-looking statements
within the meaning of Section 27A of the Securities Exchange Act
of 1933 and as amended in Section 27E of the 1934 Act.
FOR FURTHER INFORMATION PLEASE CONTACT:
Century Mining Corporation
Tom Thomsen
Investor Relations Consultant
(360) 332-4653
tthomsen@centurymining.com
Century Mining Corporation
Graham Eacott
Vice President, Investor Relations
(360) 332-4653
(360) 332-4652 (FAX)
geacott@centurymining.com
www.centurymining.com
The TSX Venture Exchange has not reviewed and does not
accept responsibility for the adequacy or accuracy of
the contents of this press release.
Source: CCN Matthews (June 22, 2006 - 3:01 PM EDT)
News by QuoteMedia
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.
Century Mining Corp. - CMM - 50-year mining
and operating lease covering all of
the San Juan claims in Peru -
Century Mining Corporation
(TSX VENTURE:CMM)
BLAINE, WASHINGTON--(CCNMatthews - June 22, 2006) -
- announces that San Juan Gold Mines S.A.A. ("San Juan") -
has granted Century Mining Peru S.A.C. ("Century Peru") -
a wholly owned subsidiary of Century Mining Corporation,
a 50-year mining and operating lease covering all of
the San Juan claims.
This allows Century Peru to operate the San Juan gold mine
and carry out exploration work on the concessions.
All gold produced from the San Juan concessions -
will be 100% attributable to -
Century Mining Corporation's account.
Century Peru will be responsible for funding all future capital,
operating and exploration expenditures on -
the mining concessions.
San Juan will receive a 10% net profit interest from gold
production at the mine after repayment to Century Peru of
capital, operating, exploration and management expenses.
Century Peru has a 60% controlling interest in San Juan
and also has 100% interest in the surrounding exploration
concessions that were acquired as part of the acquisition
of San Juan.
A 60% share of any net profit interest payment made to
San Juan will also be attributable to the Company.
Margaret Kent, President & CEO said:
"The granting of the mining and operating lease to our
Peruvian subsidiary is the culmination of our plans to
gain control of 100% of gold production from
the San Juan Mine and to carry out exploration
and development on the San Juan concessions."
About Century Mining Corporation
The Company forecasts gold production of 100,000 ounces
of gold at a cash cost of US$325 to US$350 an ounce from
its operating Sigma, Lamaque and San Juan mines in 2006.
The Company owns the dormant Carolin gold mine in
southwestern British Columbia;
nine precious metals exploration properties located -
on the historic Juneau Gold Belt in Alaska;
and production and exploration properties in Peru.
Margaret M. Kent, Chairman, President & C.E.O.
This press release contains forward-looking statements
within the meaning of Section 27A of the Securities Exchange Act
of 1933 and as amended in Section 27E of the 1934 Act.
FOR FURTHER INFORMATION PLEASE CONTACT:
Century Mining Corporation
Tom Thomsen
Investor Relations Consultant
(360) 332-4653
tthomsen@centurymining.com
Century Mining Corporation
Graham Eacott
Vice President, Investor Relations
(360) 332-4653
(360) 332-4652 (FAX)
geacott@centurymining.com
www.centurymining.com
The TSX Venture Exchange has not reviewed and does not
accept responsibility for the adequacy or accuracy of
the contents of this press release.
Source: CCN Matthews (June 22, 2006 - 3:01 PM EDT)
News by QuoteMedia
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.
Century Mining Corp. - CMM - 50-year mining
and operating lease covering all of
the San Juan claims in Peru -
Century Mining Corporation
(TSX VENTURE:CMM)
BLAINE, WASHINGTON--(CCNMatthews - June 22, 2006) -
- announces that San Juan Gold Mines S.A.A. ("San Juan") -
has granted Century Mining Peru S.A.C. ("Century Peru") -
a wholly owned subsidiary of Century Mining Corporation,
a 50-year mining and operating lease covering all of
the San Juan claims.
This allows Century Peru to operate the San Juan gold mine
and carry out exploration work on the concessions.
All gold produced from the San Juan concessions -
will be 100% attributable to -
Century Mining Corporation's account.
Century Peru will be responsible for funding all future capital,
operating and exploration expenditures on -
the mining concessions.
San Juan will receive a 10% net profit interest from gold
production at the mine after repayment to Century Peru of
capital, operating, exploration and management expenses.
Century Peru has a 60% controlling interest in San Juan
and also has 100% interest in the surrounding exploration
concessions that were acquired as part of the acquisition
of San Juan.
A 60% share of any net profit interest payment made to
San Juan will also be attributable to the Company.
Margaret Kent, President & CEO said:
"The granting of the mining and operating lease to our
Peruvian subsidiary is the culmination of our plans to
gain control of 100% of gold production from
the San Juan Mine and to carry out exploration
and development on the San Juan concessions."
About Century Mining Corporation
The Company forecasts gold production of 100,000 ounces
of gold at a cash cost of US$325 to US$350 an ounce from
its operating Sigma, Lamaque and San Juan mines in 2006.
The Company owns the dormant Carolin gold mine in
southwestern British Columbia;
nine precious metals exploration properties located -
on the historic Juneau Gold Belt in Alaska;
and production and exploration properties in Peru.
Margaret M. Kent, Chairman, President & C.E.O.
This press release contains forward-looking statements
within the meaning of Section 27A of the Securities Exchange Act
of 1933 and as amended in Section 27E of the 1934 Act.
FOR FURTHER INFORMATION PLEASE CONTACT:
Century Mining Corporation
Tom Thomsen
Investor Relations Consultant
(360) 332-4653
tthomsen@centurymining.com
Century Mining Corporation
Graham Eacott
Vice President, Investor Relations
(360) 332-4653
(360) 332-4652 (FAX)
geacott@centurymining.com
www.centurymining.com
The TSX Venture Exchange has not reviewed and does not
accept responsibility for the adequacy or accuracy of
the contents of this press release.
Source: CCN Matthews (June 22, 2006 - 3:01 PM EDT)
News by QuoteMedia
www.quotemedia.com
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.
Copper Leads Metal Price Gains in London
on Supply Concerns
Copper Leads Metal Price Gains in London on Supply Concerns -
June 22 (Bloomberg) --
Copper futures rose more than 5 percent, leading metals higher
in London, on speculation that falling inventories and mine
disruptions will strain supply as demand grows.
Zinc climbed 4.1 percent.
Rising global interest rates, amid concern inflation is
accelerating, helped fuel an 8.7 percent decline in copper in
the past 11 days.
Supply disruptions may buoy prices in coming days, analysts
such as Andrew Cole at Metal Bulletin Research said.
Inventories dropped to their lowest since Feb. 3 today.
``There's a whole series of supply threats looming over the
summer,' said London-based Cole.
``People are beginning to focus on them and put the inflation
worries behind them.'
Copper for delivery in three months on the London Metal
Exchange rose as much as $400, or 5.9 percent, to $7,200 a
metric ton and traded at $7,105 as of 10:28 a.m. in London.
Zinc gained $111 to $3,040 a ton, aluminum added $25 to
$2,525 -
Nickel rose $50 to $20,000 and tin advanced $50 to $7,950.
Copper inventories tracked by the LME fell for the fourth day,
dropping by 1,250 tons, or 1.3 percent, to 97,325 tons.
Investors are concerned about supply disruptions at copper
mines in Chile, Mexico and Indonesia.
---
Do not let any volatility shake you out -
when the weak hands exhaust themselves -
we'll see the next waves up -
U.S. NATIONAL DEBT CLOCK
The Outstanding Public Debt -
as of 21 Jun 2006 at 12:26:19 AM GMT is:
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.
http://www.goldrush21.com/
http://www.usaidbolivia.org.bo/
http://www.investorshub.com/boards/board.asp?board_id=5406
In God We Trust.
Copper Leads Metal Price Gains in London
on Supply Concerns
Copper Leads Metal Price Gains in London on Supply Concerns -
June 22 (Bloomberg) --
Copper futures rose more than 5 percent, leading metals higher
in London, on speculation that falling inventories and mine
disruptions will strain supply as demand grows.
Zinc climbed 4.1 percent.
Rising global interest rates, amid concern inflation is
accelerating, helped fuel an 8.7 percent decline in copper in
the past 11 days.
Supply disruptions may buoy prices in coming days, analysts
such as Andrew Cole at Metal Bulletin Research said.
Inventories dropped to their lowest since Feb. 3 today.
``There's a whole series of supply threats looming over the
summer,' said London-based Cole.
``People are beginning to focus on them and put the inflation
worries behind them.'
Copper for delivery in three months on the London Metal
Exchange rose as much as $400, or 5.9 percent, to $7,200 a
metric ton and traded at $7,105 as of 10:28 a.m. in London.
Zinc gained $111 to $3,040 a ton, aluminum added $25 to
$2,525 -
Nickel rose $50 to $20,000 and tin advanced $50 to $7,950.
Copper inventories tracked by the LME fell for the fourth day,
dropping by 1,250 tons, or 1.3 percent, to 97,325 tons.
Investors are concerned about supply disruptions at copper
mines in Chile, Mexico and Indonesia.
---
Do not let any volatility shake you out -
when the weak hands exhaust themselves -
we'll see the next waves up -
U.S. NATIONAL DEBT CLOCK
The Outstanding Public Debt -
as of 21 Jun 2006 at 12:26:19 AM GMT is:
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.
http://www.goldrush21.com/
http://www.usaidbolivia.org.bo/
http://www.investorshub.com/boards/board.asp?board_id=5406
In God We Trust.
Copper Leads Metal Price Gains in London
on Supply Concerns
Copper Leads Metal Price Gains in London on Supply Concerns -
June 22 (Bloomberg) --
Copper futures rose more than 5 percent, leading metals higher
in London, on speculation that falling inventories and mine
disruptions will strain supply as demand grows.
Zinc climbed 4.1 percent.
Rising global interest rates, amid concern inflation is
accelerating, helped fuel an 8.7 percent decline in copper in
the past 11 days.
Supply disruptions may buoy prices in coming days, analysts
such as Andrew Cole at Metal Bulletin Research said.
Inventories dropped to their lowest since Feb. 3 today.
``There's a whole series of supply threats looming over the
summer,'' said London-based Cole.
``People are beginning to focus on them and put the inflation
worries behind them.''
Copper for delivery in three months on the London Metal
Exchange rose as much as $400, or 5.9 percent, to $7,200 a
metric ton and traded at $7,105 as of 10:28 a.m. in London.
Zinc gained $111 to $3,040 a ton, aluminum added $25 to
$2,525 -
Nickel rose $50 to $20,000 and tin advanced $50 to $7,950.
Copper inventories tracked by the LME fell for the fourth day,
dropping by 1,250 tons, or 1.3 percent, to 97,325 tons.
Investors are concerned about supply disruptions at copper
mines in Chile, Mexico and Indonesia.
---
Do not let any volatility shake you out -
when the weak hands exhaust themselves -
we'll see the next waves up -
U.S. NATIONAL DEBT CLOCK
The Outstanding Public Debt -
as of 21 Jun 2006 at 12:26:19 AM GMT is:
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.
http://www.goldrush21.com/
http://www.usaidbolivia.org.bo/
http://www.investorshub.com/boards/board.asp?board_id=5406
In God We Trust.
02opida, FMNJ - billions of fiat dollars
are going to be invested in -
Gold and Silver stocks -
that's an understatement -
RE: When You hear that billions and billions of fiat dollars
are going to be invested in Gold and Silver stocks -
that's an understatement -
it was stated in 1980, the total market cap of all -
Gold stocks was $1 trillion -
and the total market cap of all -
NYSE stocks was $1 trillion -
today, the figures are only about
$110 billion for the Gold stocks -
and $21 trillion for NYSE stocks -
The historic comparison reflexion that's going to be
a great decade for Gold investors -
including FMNJ Gold & Silver Investors -
imo. Tia.
Do not let any volatility shake you out -
when the weak hands exhaust themselves -
we'll see the next waves up -
U.S. NATIONAL DEBT CLOCK
The Outstanding Public Debt -
as of 21 Jun 2006 at 12:26:19 AM GMT is:
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.
http://www.goldrush21.com/
http://www.usaidbolivia.org.bo/
http://www.investorshub.com/boards/board.asp?board_id=5406
In God We Trust.
FMNJ - billions of fiat dollars
are going to be invested in -
Gold and Silver stocks -
that's an understatement -
When You hear that billions and billions of fiat dollars
are going to be invested in Gold and Silver stocks -
that's an understatement -
it was stated in 1980, the total market cap of all -
Gold stocks was $1 trillion -
and the total market cap of all -
NYSE stocks was $1 trillion -
today, the figures are only about
$110 billion for the Gold stocks -
and $21 trillion for NYSE stocks -
The historic comparison reflexion that's going to be
a great decade for Gold investors -
including FMNJ Gold & Silver Investors -
imo. Tia.
Do not let any volatility shake you out -
when the weak hands exhaust themselves -
we'll see the next waves up -
U.S. NATIONAL DEBT CLOCK
The Outstanding Public Debt -
as of 21 Jun 2006 at 12:26:19 AM GMT is:
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.
http://www.goldrush21.com/
http://www.usaidbolivia.org.bo/
http://www.investorshub.com/boards/board.asp?board_id=5406
In God We Trust.
americano thank You, please tell us more -
RE: With my play figures 280 oz silver should be the real price of silver adjusted to inflation and the dollars lose of value. Silver will explode compared to gold prices, at some point.
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 central
banks’ 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 bankers. 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 banks 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.
Biggest Scam In History -
http://www.wtv-zone.com/Mary/FEDERALRESERVE.HTML
http://www.investorshub.com/boards/board.asp?board_id=5404
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 central
banks’ 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 bankers. 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 banks 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 and Silver will once again a LT shine.
Biggest Scam In History -
http://www.wtv-zone.com/Mary/FEDERALRESERVE.HTML
http://www.investorshub.com/boards/board.asp?board_id=5404
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 central
banks’ 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 bankers. 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 banks 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.
Biggest Scam In History -
http://www.wtv-zone.com/Mary/FEDERALRESERVE.HTML
http://www.investorshub.com/boards/board.asp?board_id=5404
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 central
banks’ 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 bankers. 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. We
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 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 banks 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.
If a financial crisis were to ensue as a result, we believe gold will once again shine.
Biggest Scam In History -
http://www.wtv-zone.com/Mary/FEDERALRESERVE.HTML
http://www.investorshub.com/boards/board.asp?board_id=5404
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. In our view, there is a chess 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 central banks’ 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 bankers. 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. We
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 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 banks 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.
If a financial crisis were to ensue as a result, we believe gold will once again shine.
Biggest Scam In History -
http://www.wtv-zone.com/Mary/FEDERALRESERVE.HTML
http://www.investorshub.com/boards/board.asp?board_id=5404
Franklin Mining - FMNJ - Gold POG -
Est. 1864 - Gold & Silver -
Precious Metals Mines -
FMNJ Gold and Silver investors well buy and hold FMNJ Gold -
One of the most important investment principles -
that i've ever discovered is this -
Smaller investors have the greatest advantage of all -
because they can grow their money the quickest -
but big money grows the slowest -
In other words - acorns can grow into big oak trees -
but big trees cannot grow to the moon -
ex. Issac grew his wealth 100 fold in one single year -
from simple farming -
Isaac planted crops in that land and the same year -
reaped a hundredfold, because the LORD blessed him -
Large investors, on the other hand, have great difficulty -
growing so fast, or outperforming the market -
Gold & Silver - Frontunner Rhodium + $550 -
$5000 per ounce -
calling on Gold to come along -
- showing PM a clear road to GO Higher -
To be at the right place - at the right time -
to a strategic bargain price -
The Gold and Silver will continue its -
Bullish Long Term Trend -
Most of all Franklin Mines Rich Resources -
The old Franklin Gold and Silver Mines -
are intact in the safest safety box -
the ore values have increased the FMNJ LT -
Real Assets Values of Gold & Silver Resources -
Franklin Mining - FMNJ - P&F - Price Objective $2.19 -
FMNJ - TA oversold - undervalued - to continues -
the LT Bull Trend started -
Note. often great Gold Mines stock increase -
many times faster than the bullion price -
Fundamental Analysis of Gold, Silver -
and base metal shares appear soon -
to be beginning the next up leg -
of the bull market, which suggests -
considerably higher prices -
are in the offing -
analysis based on reflexion -
of the past - historic -
often repeat -
Fundamentally that's the reason -
for this review appraisal -
Technical analysis gives no consideration -
to the fundamental analysis -
Technicians believe that future economic -
and fundamental news is already reflected -
in the price and volume characteristics -
displayed on a chart -
well, there does seem to be a fundamental -
reason to support this technical appraisal -
during the last Kondratieff winter -
a world currency crisis developed -
following Austria's defection in -
early 1931 from -
The International Gold Standard system.
Then, every currency became suspect -
because every country was printing money -
in an effort to offset the ravages -
of deflation.
At that time any country's Gold -
could be exchanged -
for its currency at a fixed POG -
Gold price.
With all the monetary expansion - the Gold -
became the money of choice.
After Austria and Germany succumbed -
speculators eyed the next country's -
currency that might be forced off -
The Gold Standard.
They swapped that country's currency -
for its - Gold.
So it was that the mighty British pound -
came under attack.
The loss of its gold forced Britain off -
The Gold Standard - in September 1931.
It didn't stop there.
The next suspect currency was the dollar.
Although the US was the world's largest -
creditor nation -
so many dollars had been printed -
to offset the Depression -
that American Gold -
was much preferred -
to American paper.
Shortly before he left office, President Hoover -
was advised by his Secretary of the Treasury -
that the US Treasury was running out of - Gold.
As most people had expected, the response of
President Hoover's successor - President Roosevelt -
was to effectively take America off -
The Gold Standard System -
within a month of his inauguration.
This spelled the final collapse of -
The International Monetary System.
Fast forward to today in the present -
Kondratieff winter where a similar currency crisis -
is in the making.
All currencies are suspect.
Just too much paper money has been created to fight -
this Kondratieff winter.
Gold is becoming the money of choice as it was -
in the 1930s? -
i actually think that for some time during last rally -
You could argue that Gold is genuinely benefiting -
from concerns people have about currencies -
unlike the 1930s, the price of Gold POG - is not fixed -
and so its price must increase as demand rises -
particularly in the face of declining supply -
and that is what the charts are telling us -
U.S. NATIONAL DEBT CLOCK
The Outstanding Public Debt -
as of Jun 2006 is:
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.
http://www.goldrush21.com/
http://www.usaidbolivia.org.bo/
http://www.investorshub.com/boards/board.asp?board_id=5406
In God We Trust.
Franklin Mining - FMNJ - Gold POG -
Est. 1864 - Gold & Silver -
Precious Metals Mines -
FMNJ Gold and Silver investors well buy and hold FMNJ Gold -
One of the most important investment principles -
that i've ever discovered is this -
Smaller investors have the greatest advantage of all -
because they can grow their money the quickest -
but big money grows the slowest -
In other words - acorns can grow into big oak trees -
but big trees cannot grow to the moon -
ex. Issac grew his wealth 100 fold in one single year -
from simple farming -
Isaac planted crops in that land and the same year -
reaped a hundredfold, because the LORD blessed him -
Large investors, on the other hand, have great difficulty -
growing so fast, or outperforming the market -
Gold & Silver - Frontunner Rhodium + $550 -
$5000 per ounce -
calling on Gold to come along -
- showing PM a clear road to GO Higher -
To be at the right place - at the right time -
to a strategic bargain price -
The Gold and Silver will continue its -
Bullish Long Term Trend -
Most of all Franklin Mines Rich Resources -
The old Franklin Gold and Silver Mines -
are intact in the safest safety box -
the ore values have increased the FMNJ LT -
Real Assets Values of Gold & Silver Resources -
Franklin Mining - FMNJ - P&F - Price Objective $2.19 -
FMNJ - TA oversold - undervalued - to continues -
the LT Bull Trend started -
Note. often great Gold Mines stock increase -
many times faster than the bullion price -
Fundamental Analysis of Gold, Silver -
and base metal shares appear soon -
to be beginning the next up leg -
of the bull market, which suggests -
considerably higher prices -
are in the offing -
analysis based on reflexion -
of the past - historic -
often repeat -
Fundamentally that's the reason -
for this review appraisal -
Technical analysis gives no consideration -
to the fundamental analysis -
Technicians believe that future economic -
and fundamental news is already reflected -
in the price and volume characteristics -
displayed on a chart -
well, there does seem to be a fundamental -
reason to support this technical appraisal -
during the last Kondratieff winter -
a world currency crisis developed -
following Austria's defection in -
early 1931 from -
The International Gold Standard system.
Then, every currency became suspect -
because every country was printing money -
in an effort to offset the ravages -
of deflation.
At that time any country's Gold -
could be exchanged -
for its currency at a fixed POG -
Gold price.
With all the monetary expansion - the Gold -
became the money of choice.
After Austria and Germany succumbed -
speculators eyed the next country's -
currency that might be forced off -
The Gold Standard.
They swapped that country's currency -
for its - Gold.
So it was that the mighty British pound -
came under attack.
The loss of its gold forced Britain off -
The Gold Standard - in September 1931.
It didn't stop there.
The next suspect currency was the dollar.
Although the US was the world's largest -
creditor nation -
so many dollars had been printed -
to offset the Depression -
that American Gold -
was much preferred -
to American paper.
Shortly before he left office, President Hoover -
was advised by his Secretary of the Treasury -
that the US Treasury was running out of - Gold.
As most people had expected, the response of
President Hoover's successor - President Roosevelt -
was to effectively take America off -
The Gold Standard System -
within a month of his inauguration.
This spelled the final collapse of -
The International Monetary System.
Fast forward to today in the present -
Kondratieff winter where a similar currency crisis -
is in the making.
All currencies are suspect.
Just too much paper money has been created to fight -
this Kondratieff winter.
Gold is becoming the money of choice as it was -
in the 1930s? -
i actually think that for some time during last rally -
You could argue that Gold is genuinely benefiting -
from concerns people have about currencies -
unlike the 1930s, the price of Gold POG - is not fixed -
and so its price must increase as demand rises -
particularly in the face of declining supply -
and that is what the charts are telling us -
U.S. NATIONAL DEBT CLOCK
The Outstanding Public Debt -
as of Jun 2006 is:
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.
http://www.goldrush21.com/
http://www.usaidbolivia.org.bo/
http://www.investorshub.com/boards/board.asp?board_id=5406
In God We Trust.
02opida, thank You,
take a look at one of the richest
historic Gold & Silver Mines in Utah -
http://www.investorshub.com/boards/board.asp?board_id=177
RE: Unico, Inc. - NEWS - Deer Trail Gold & Silver Mines -
Gold Frontunner Rhodium + $550 - $5000 per ounce -
calling on Mother Gold to come along -
- showing her a clear road to GO Higher -
UNCN - try the link its to Gold & PM -
http://www.investorshub.com/boards/board.asp?board_id=177
Get in at the right time at the right place -
to strategic bargain price -
Best Regards
Bob
Franklin Mining - FMNJ - News Market Conference -
http://www.mn1.com/press_conferences.html
Good Morning, don't forget to turn into
Franklin Mining - FMNJ -
News Market Conference -
http://www.mn1.com/press_conferences.html
You finding more FMNJ info on the link below -
http://www.investorshub.com/boards/board.asp?board_id=5406
http://www.investorshub.com/boards/board.asp?board_id=2957
Franklin Mining - Est. 1864 -
has old rich Gold and Silver Mines in Colorado -
and got into Cerro Rico -
Cerro Rico, or “Rich Mountain” -
The Worlds Richest Silver Mine -
has been mined for nearly -
- 500 years.
Franklin will make Cerro Rico
great again -
Please, let your friends now -
send them a message -
don't forget to turn into Franklin Mining -
FMNJ -
News Market Conference - get in now -
http://www.mn1.com/press_conferences.html
Tia.
Bob
Good Morning 02opida,
don't forget to turn into Franklin Mining - FMNJ -
News Market Conference -
http://www.mn1.com/press_conferences.html
You finding more FMNJ info on the link below -
http://www.investorshub.com/boards/board.asp?board_id=5406
http://www.investorshub.com/boards/board.asp?board_id=2957
Franklin Mining - Est. 1864 -
has old rich Gold and Silver Mines in Colorado -
and got into Cerro Rico -
Cerro Rico, or “Rich Mountain” -
The Worlds Richest Silver Mine -
has been mined for nearly -
- 500 years.
Franklin will make Cerro Rico
great again -
don't forget to turn into Franklin Mining - FMNJ -
News Market Conference - get in now -
http://www.mn1.com/press_conferences.html
Tia.
Bob
FMNJ with the worlds richest Silver Mine -
Franklin Mining, Inc. *** NEWS ***
FMNJ - Will Be Featured Live on MN1.com -
Franklin Mining, Inc. Will Be Featured Live on MN1.com
Franklin Mining, Inc.
(FMNJ) will conduct a live press conference -
on www.MN1.com at 11:30 a.m. Central Time, Wednesday,
June 21st, 2006.
Interested parties may go to -
http://www.mn1.com/members/modules.php?name=News&file=article&sid=2884
http://www.MN1.com
and listen in for management's review of operations -
and discussion of future prospects.
This live broadcast is available to anyone -
at any computer connected to the internet -
and should prove to be an eye-opening -
and enriching experience for all -
of those associated with -
Franklin Mining, Inc.
About MN1.com
Market News First is the only online destination -
that brings real microcap news to investors -
and features live interaction with companies -
from the Bulletin Board, Pink Sheets, and Amex.
Featuring Live Press Conferences -
All-Day Live Trading Commentary, Analyst Profiles -
Interactive Forums, News Items, and
"The MicroBlog," MN1.com -
gives microcap investors the information source -
necessary to trade in the markets.
MN1.com boasts being the largest true news company -
reporting on microcap traded stocks.
About Franklin Mining, Inc.
(PINKSHEETS: FMNJ)
Franklin Mining, Inc. is engaged in the exploration,
development and mining of precious and nonferrous metals,
including gold, silver, lead, copper and zinc.
The company owns or has an interest in a number of precious
and nonferrous metal properties and is presently -
negotiating for development of a fuel plant -
in Bolivia.
Franklin Mining, Bolivia S.A. -
and Franklin Oil & Gas, Bolivia S.A. -
(Bolivian corporations) are subsidiary companies of -
Franklin Mining, Inc.
For additional information on Franklin Mining, Inc.,
please visit our web-site,
http://www.franklinmining.com.
To receive Franklin Mining news by e-mail,
please send contact information to
info@franklinmining.com.
DISCLOSURES:
"Safe Harbor" statement under the Private Securities
Litigation Reform Act of 1995: This press release contains
forward-looking statements that are subject to risk and
uncertainties, including, but not limited to, the impact of
competitive products, product demand, market acceptance risks,
fluctuations in operating results, political risk and other
risks detailed from time to time in Franklin Mining Inc.'s
filings with the Securities and Exchange Commission. These
risks could cause Franklin Mining Inc.'s actual results to
differ materially from those expressed in any forward-looking
statements made by, or on behalf of, Franklin Mining Inc.
Source: Market Wire (June 20, 2006 - 7:59 PM EDT)
News by QuoteMedia
www.quotemedia.com
http://www.investorshub.com/boards/quotes.asp?ticker=fmnj&qm_page=8221&qm_symbol=FMNJ
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 & Silver -
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.
http://www.goldrush21.com/
http://www.usaidbolivia.org.bo/
http://www.investorshub.com/boards/board.asp?board_id=5406
In God We Trust.
Franklin Mining, Inc. *** NEWS ***
FMNJ - Will Be Featured Live on MN1.com -
Franklin Mining, Inc. Will Be Featured Live on MN1.com
Franklin Mining, Inc.
(PINKSHEETS: FMNJ) will conduct a live press conference -
on www.MN1.com at 11:30 a.m. Central Time, Wednesday,
June 21st, 2006.
Interested parties may go to -
http://www.mn1.com/members/modules.php?name=News&file=article&sid=2884
http://www.MN1.com
and listen in for management's review of operations -
and discussion of future prospects.
This live broadcast is available to anyone -
at any computer connected to the internet -
and should prove to be an eye-opening -
and enriching experience for all -
of those associated with -
Franklin Mining, Inc.
About MN1.com
Market News First is the only online destination -
that brings real microcap news to investors -
and features live interaction with companies -
from the Bulletin Board, Pink Sheets, and Amex.
Featuring Live Press Conferences -
All-Day Live Trading Commentary, Analyst Profiles -
Interactive Forums, News Items, and
"The MicroBlog," MN1.com -
gives microcap investors the information source -
necessary to trade in the markets.
MN1.com boasts being the largest true news company -
reporting on microcap traded stocks.
About Franklin Mining, Inc.
(PINKSHEETS: FMNJ)
Franklin Mining, Inc. is engaged in the exploration,
development and mining of precious and nonferrous metals,
including gold, silver, lead, copper and zinc.
The company owns or has an interest in a number of precious
and nonferrous metal properties and is presently -
negotiating for development of a fuel plant -
in Bolivia.
Franklin Mining, Bolivia S.A. -
and Franklin Oil & Gas, Bolivia S.A. -
(Bolivian corporations) are subsidiary companies of -
Franklin Mining, Inc.
For additional information on Franklin Mining, Inc.,
please visit our web-site,
http://www.franklinmining.com.
To receive Franklin Mining news by e-mail,
please send contact information to
info@franklinmining.com.
DISCLOSURES:
"Safe Harbor" statement under the Private Securities
Litigation Reform Act of 1995: This press release contains
forward-looking statements that are subject to risk and
uncertainties, including, but not limited to, the impact of
competitive products, product demand, market acceptance risks,
fluctuations in operating results, political risk and other
risks detailed from time to time in Franklin Mining Inc.'s
filings with the Securities and Exchange Commission. These
risks could cause Franklin Mining Inc.'s actual results to
differ materially from those expressed in any forward-looking
statements made by, or on behalf of, Franklin Mining Inc.
Source: Market Wire (June 20, 2006 - 7:59 PM EDT)
News by QuoteMedia
www.quotemedia.com
http://www.investorshub.com/boards/quotes.asp?ticker=fmnj&qm_page=8221&qm_symbol=FMNJ
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 & Silver -
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.
http://www.goldrush21.com/
http://www.usaidbolivia.org.bo/
http://www.investorshub.com/boards/board.asp?board_id=5406
In God We Trust.
Franklin Mining, Inc. *** NEWS ***
FMNJ - Will Be Featured Live on MN1.com -
Franklin Mining, Inc. Will Be Featured Live on MN1.com
Franklin Mining, Inc.
(PINKSHEETS: FMNJ) will conduct a live press conference -
on www.MN1.com at 11:30 a.m. Central Time, Wednesday,
June 21st, 2006.
Interested parties may go to -
http://www.mn1.com/members/modules.php?name=News&file=article&sid=2884
http://www.MN1.com
and listen in for management's review of operations -
and discussion of future prospects.
This live broadcast is available to anyone -
at any computer connected to the internet -
and should prove to be an eye-opening -
and enriching experience for all -
of those associated with -
Franklin Mining, Inc.
About MN1.com
Market News First is the only online destination -
that brings real microcap news to investors -
and features live interaction with companies -
from the Bulletin Board, Pink Sheets, and Amex.
Featuring Live Press Conferences -
All-Day Live Trading Commentary, Analyst Profiles -
Interactive Forums, News Items, and
"The MicroBlog," MN1.com -
gives microcap investors the information source -
necessary to trade in the markets.
MN1.com boasts being the largest true news company -
reporting on microcap traded stocks.
About Franklin Mining, Inc.
(PINKSHEETS: FMNJ)
Franklin Mining, Inc. is engaged in the exploration,
development and mining of precious and nonferrous metals,
including gold, silver, lead, copper and zinc.
The company owns or has an interest in a number of precious
and nonferrous metal properties and is presently -
negotiating for development of a fuel plant -
in Bolivia.
Franklin Mining, Bolivia S.A. -
and Franklin Oil & Gas, Bolivia S.A. -
(Bolivian corporations) are subsidiary companies of -
Franklin Mining, Inc.
For additional information on Franklin Mining, Inc.,
please visit our web-site,
http://www.franklinmining.com.
To receive Franklin Mining news by e-mail,
please send contact information to
info@franklinmining.com.
DISCLOSURES:
"Safe Harbor" statement under the Private Securities
Litigation Reform Act of 1995: This press release contains
forward-looking statements that are subject to risk and
uncertainties, including, but not limited to, the impact of
competitive products, product demand, market acceptance risks,
fluctuations in operating results, political risk and other
risks detailed from time to time in Franklin Mining Inc.'s
filings with the Securities and Exchange Commission. These
risks could cause Franklin Mining Inc.'s actual results to
differ materially from those expressed in any forward-looking
statements made by, or on behalf of, Franklin Mining Inc.
Source: Market Wire (June 20, 2006 - 7:59 PM EDT)
News by QuoteMedia
www.quotemedia.com
http://www.investorshub.com/boards/quotes.asp?ticker=fmnj&qm_page=8221&qm_symbol=FMNJ
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 & Silver -
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.
http://www.goldrush21.com/
http://www.usaidbolivia.org.bo/
http://www.investorshub.com/boards/board.asp?board_id=5406
In God We Trust.
FMNJ - We may complain about the current POG -
prices of Gold and Silver but -
FMNJ - We may complain about the current POG -
prices of Gold and Silver -
but - Stay Calm -
2006-06-13
By Mike Schaefer
JACKSON, WY -- I know what you're feeling...anxiety. Trust me,
I know. I've got a whole lot of capital in the market too. But
you're also seeing the greatest buying opportunity of the year.
Yeah, it certainly does look like doomsday.
After all, it's unusual to see an index lose 26%, or nearly 1000
points within a month and a half.
But that's exactly what the TSX Venture index has accomplished.
The misery has been the same with the Toronto Stock Exchange,
which has also lost 1500 points, or roughly 12%.
The TSX and the Venture have been especially hard-hit because
these two indices are the natural resource barometers of the
world.
And we all know what has happened to the price of gold.
The yellow metal is over down 20% from its high of $739!
Ugly!
Now the question on your mind I'm sure is: "Is this the end of
the commodity bull market?"
Well let me ask you this: Is the world going to stop using
oil...natural gas...coal...iron... timber...copper...or any
other commodity any time soon? No.
Is China throwing in the towel and giving up its dream of
becoming an industrial superpower? No.
Is China going to go back to a bicycle economy? No.
How about India? Are they going back the Stone Age? No
Both of those countries -- representing 2.3 billion people -- are the growth giants of the 21st Century. They are going to devour commodities in record levels.
Look, we've been through this before. And every time we've experienced a pullback, my recommendation has always been the same: Don't get washed out. Use this weakness as an opportunity to add to our current positions.
And I'm not alone in that assessment. This just came over the newswire...
************************************************************************
Commods investors shrug off market drop as correction
June 13, 2006
By Brian Kelleher
HONG KONG (Reuters) - Large money managers, echoing comments by the International Monetary Fund, are shrugging off a recent drop in commodities prices as a short-term blip and predicting gold prices will soar to $1,500 an ounce.
"I believe that commodities will be the best-performing asset class of the next 10 years," said Puru Saxena, chief executive of Puru Saxena Wealth Management, which manages money for high-net worth individuals.
Speakers at the Commodity Investment World Asia conference in Hong Kong on Tuesday cited supply constraints and insatiable demand from India and China as catalysts that will keep driving prices of commodities like oil higher.
"Everyone's blaming the (oil) companies (for high prices) but it's just what people are willing to pay for it," said Kjell Aleklett, president of the Association for the Study of Peak Oil.
Oil has been trading at above $70 a barrel and some believe Middle Eastern conflicts and demand from emerging economies may push it to top $100 a barrel at some point, a price few would have believed just a year ago.
Aleklett said the world will face an oil shortage of 30 million barrels a day by 2030, underscoring the demand-supply imbalance that investors say will keep commodities prices rising for a long time, despite a market correction since mid-May.
IMF UNCONCERNED
The IMF does not expect a significant correction in world commodity markets as it predicts world growth of about 5 percent this year and only a slight decline in 2007, Managing Director Rodrigo Rato said in Canberra on Tuesday.
Spot gold , which has dropped 19 percent since hitting a 26-year high of $730 per ounce in mid-May, is still well below its inflation-adjusted high of more than $2,100 an ounce in the early 1980s, Saxena noted.
Some traders see the recent gold decline as a sign it may fall to the mid $500s, but Saxena believes it may eventually trade well above $1,000 per ounce, a target seconded by one of Wall Street's best known investors.
"For gold, we're predicting $1,500," said Victor Sperandeo, best known as "Trader Vic" for his astute call of the 1987 U.S. stock market crash.
Sperandeo, chief executive and majority shareholder of Dallas-based EAM Partners, favors metals because of the restrictions on mining in many parts of the world limits their supply and pushes up prices.
Base metals such as copper are also good long-term bets despite recent price drops as China and India will keep needing more to expand their infrastructure, said Ashwan Malhotra, vice president at Bache Financial Derivatives Ltd. in Hong Kong.
"Another 5 percent on the downside is to be expected ... (but) we think going forward from here on that the next big rally is yet to come," he said, citing demand from China and India.
And if prices continue to drop, he believes hedge funds and other traders will soon find valuations attractive.
"Most of the big speculators are positioning themselves to go long at those numbers," Malhotra said. "We can expect sometime towards the end of July or beginning of August we will probably see a rally in prices again."
************************************************************************
But the most persuasive argument I've read comes from Mr. Hot Commodities himself, Jim Rogers. In a recent Barron's interview, Jim said...
How can anybody say that a bubble has developed in commodities yet... with sugar 80% below, silver 75% below and corn and cotton less than half their all-time price highs? You can't have a bubble when the media has only begun to pay attention to commodities in recent months after years of disinterest. We're now only in the early part of a long-term commodity price boom that has years to run and will likely see literally dozens of raw- material prices make new highs. Even crude oil and copper have a long way to go, even though they recently set price records.
So how long will the commodity surge run?
Based on the past longevity of commodity bull markets (Rogers mentions ones that, by his reckoning, lasted from 1906 to 1922, 1933 to 1953 and 1968 to 1982), the current boom could last eight to 14 more years.
The commodities-bubble crowd scoffs at that, just as skeptics did when Rogers predicted the current boom a few years ago.
Mark my words, we're currently experiencing the investment event of a lifetime.
Use the current market weakness to add to positions.
If you look at both charts at the beginning of today's newsletter, you'll notice they're still up big on the year. Any time you have prices rise as fast as they did over the past year, you can expect some volatile pullbacks.
Do not let this volatility shake you out!
It looks as if we're seeing a lot of panic -
selling right now.
When these weak hands exhaust themselves -
we'll see the next leg up.
U.S. NATIONAL DEBT CLOCK
The Outstanding Public Debt -
as of 21 Jun 2006 at 12:26:19 AM GMT is:
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.
http://www.goldrush21.com/
http://www.usaidbolivia.org.bo/
http://www.investorshub.com/boards/board.asp?board_id=5406
In God We Trust.
FMNJ - We may complain about the current POG -
prices of Gold and Silver but -
FMNJ - We may complain about the current POG -
prices of Gold and Silver -
but - Stay Calm -
2006-06-13
By Mike Schaefer
JACKSON, WY -- I know what you're feeling...anxiety. Trust me,
I know. I've got a whole lot of capital in the market too. But
you're also seeing the greatest buying opportunity of the year.
Yeah, it certainly does look like doomsday.
After all, it's unusual to see an index lose 26%, or nearly 1000
points within a month and a half.
But that's exactly what the TSX Venture index has accomplished.
The misery has been the same with the Toronto Stock Exchange,
which has also lost 1500 points, or roughly 12%.
The TSX and the Venture have been especially hard-hit because
these two indices are the natural resource barometers of the
world.
And we all know what has happened to the price of gold.
The yellow metal is over down 20% from its high of $739!
Ugly!
Now the question on your mind I'm sure is: "Is this the end of
the commodity bull market?"
Well let me ask you this: Is the world going to stop using
oil...natural gas...coal...iron... timber...copper...or any
other commodity any time soon? No.
Is China throwing in the towel and giving up its dream of
becoming an industrial superpower? No.
Is China going to go back to a bicycle economy? No.
How about India? Are they going back the Stone Age? No
Both of those countries -- representing 2.3 billion people -- are the growth giants of the 21st Century. They are going to devour commodities in record levels.
Look, we've been through this before. And every time we've experienced a pullback, my recommendation has always been the same: Don't get washed out. Use this weakness as an opportunity to add to our current positions.
And I'm not alone in that assessment. This just came over the newswire...
************************************************************************
Commods investors shrug off market drop as correction
June 13, 2006
By Brian Kelleher
HONG KONG (Reuters) - Large money managers, echoing comments by the International Monetary Fund, are shrugging off a recent drop in commodities prices as a short-term blip and predicting gold prices will soar to $1,500 an ounce.
"I believe that commodities will be the best-performing asset class of the next 10 years," said Puru Saxena, chief executive of Puru Saxena Wealth Management, which manages money for high-net worth individuals.
Speakers at the Commodity Investment World Asia conference in Hong Kong on Tuesday cited supply constraints and insatiable demand from India and China as catalysts that will keep driving prices of commodities like oil higher.
"Everyone's blaming the (oil) companies (for high prices) but it's just what people are willing to pay for it," said Kjell Aleklett, president of the Association for the Study of Peak Oil.
Oil has been trading at above $70 a barrel and some believe Middle Eastern conflicts and demand from emerging economies may push it to top $100 a barrel at some point, a price few would have believed just a year ago.
Aleklett said the world will face an oil shortage of 30 million barrels a day by 2030, underscoring the demand-supply imbalance that investors say will keep commodities prices rising for a long time, despite a market correction since mid-May.
IMF UNCONCERNED
The IMF does not expect a significant correction in world commodity markets as it predicts world growth of about 5 percent this year and only a slight decline in 2007, Managing Director Rodrigo Rato said in Canberra on Tuesday.
Spot gold , which has dropped 19 percent since hitting a 26-year high of $730 per ounce in mid-May, is still well below its inflation-adjusted high of more than $2,100 an ounce in the early 1980s, Saxena noted.
Some traders see the recent gold decline as a sign it may fall to the mid $500s, but Saxena believes it may eventually trade well above $1,000 per ounce, a target seconded by one of Wall Street's best known investors.
"For gold, we're predicting $1,500," said Victor Sperandeo, best known as "Trader Vic" for his astute call of the 1987 U.S. stock market crash.
Sperandeo, chief executive and majority shareholder of Dallas-based EAM Partners, favors metals because of the restrictions on mining in many parts of the world limits their supply and pushes up prices.
Base metals such as copper are also good long-term bets despite recent price drops as China and India will keep needing more to expand their infrastructure, said Ashwan Malhotra, vice president at Bache Financial Derivatives Ltd. in Hong Kong.
"Another 5 percent on the downside is to be expected ... (but) we think going forward from here on that the next big rally is yet to come," he said, citing demand from China and India.
And if prices continue to drop, he believes hedge funds and other traders will soon find valuations attractive.
"Most of the big speculators are positioning themselves to go long at those numbers," Malhotra said. "We can expect sometime towards the end of July or beginning of August we will probably see a rally in prices again."
************************************************************************
But the most persuasive argument I've read comes from Mr. Hot Commodities himself, Jim Rogers. In a recent Barron's interview, Jim said...
How can anybody say that a bubble has developed in commodities yet... with sugar 80% below, silver 75% below and corn and cotton less than half their all-time price highs? You can't have a bubble when the media has only begun to pay attention to commodities in recent months after years of disinterest. We're now only in the early part of a long-term commodity price boom that has years to run and will likely see literally dozens of raw- material prices make new highs. Even crude oil and copper have a long way to go, even though they recently set price records.
So how long will the commodity surge run?
Based on the past longevity of commodity bull markets (Rogers mentions ones that, by his reckoning, lasted from 1906 to 1922, 1933 to 1953 and 1968 to 1982), the current boom could last eight to 14 more years.
The commodities-bubble crowd scoffs at that, just as skeptics did when Rogers predicted the current boom a few years ago.
Mark my words, we're currently experiencing the investment event of a lifetime.
Use the current market weakness to add to positions.
If you look at both charts at the beginning of today's newsletter, you'll notice they're still up big on the year. Any time you have prices rise as fast as they did over the past year, you can expect some volatile pullbacks.
Do not let this volatility shake you out!
It looks as if we're seeing a lot of panic -
selling right now.
When these weak hands exhaust themselves -
we'll see the next leg up.
U.S. NATIONAL DEBT CLOCK
The Outstanding Public Debt -
as of 21 Jun 2006 at 12:26:19 AM GMT is:
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.
http://www.goldrush21.com/
http://www.usaidbolivia.org.bo/
http://www.investorshub.com/boards/board.asp?board_id=5406
In God We Trust.
Martucciisstillscum,
Please give me the name of some good books to read on your philosophy?
Tia.
Martucciisstillscum,
my basic philosophy is ordinary -
usual and familiar -
- good books to read is by -
The Holy Spirit -
to find his goals,
follow and worship it,
Amen.
FMNJ - Silver looking good -
The Real Money -
FMNJ - Gold-scales -
-Potosi-Mint-Bolivia -
- to Re-commission -
The Real Money Minting? -
-wooden-gears-at-the-mint-Potosi-Mint-Bolivia-
- make them to turn again -
a Nice day -
the-highest-building-in-the-highest-city-Potosi-
close to heaven-
history to repeat again -
FMNJ - Mission to make it -
Unless the United States gets all of its economic
house in order? -
Gold & Silver - 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.
http://www.goldrush21.com/
http://www.usaidbolivia.org.bo/
http://www.investorshub.com/boards/board.asp?board_id=5406
In God We Trust.
FMNJ - Silver looking good -
The Real Money -
Last: 0.03
Change: +0.005(+20.00%)
Volume: 8.4 m
Last Trade: 3:19
http://www.investorshub.com/boards/quotes.asp?ticker=fmnj
http://www.investorshub.com/boards/board.asp?board_id=5406
- 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.
http://www.goldrush21.com/
http://www.usaidbolivia.org.bo/
http://www.investorshub.com/boards/board.asp?board_id=5406
In God We Trust.
Barrick Closes Goldcorp Transaction -
Barrick Gold Corporation (NYSE: ABX)(TSX:ABX)(LSE:BGD)(SWX:ABX)(EURONEXT PARIS:ABX) -
All figures in US dollars
Barrick Gold Corporation today announced that it has concluded
the sale of the shares of Placer Dome (CLA) Limited, which
owns four Placer Dome mines and other agreed interests to -
Goldcorp Inc.
The transaction was previously announced on October 31, 2005
when the parties signed a Bid Support and Purchase Agreement,
and follows Barrick's successful acquisition of all of the outstanding shares of Placer Dome Inc.
Accordingly, there will be no impact to Barrick's projected
2006 gold production of 8.6 - 8.9 million ounces. Net cash proceeds from the sale were approximately $1.6 billion,
including the effect of certain adjustments on closing.
The interests include all Placer Dome's mining operations, reclamation and exploration properties in Canada, Placer Dome's interest in the La Coipa mine in Chile and 40% of Placer Dome's interest in the Pueblo Viejo project in the Dominican Republic and other agreed interests. Goldcorp will be responsible for
all obligations relating to these properties and operations, including employment commitments and environmental, closure
and reclamation liabilities (excluding Placer Dome's corporate office in Vancouver).
Barrick's vision is to be the world's best gold company by finding, acquiring, developing and producing quality reserves
in a safe, profitable and socially responsible manner.
Source: Market Wire (May 12, 2006 - 10:18 AM EDT)
News by QuoteMedia
www.quotemedia.com
http://www.investorshub.com/boards/board.asp?board_id=5456
http://www.investorshub.com/boards/board.asp?board_id=5404
.