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Kinross Sells Blanket Mine to Caledonia Mining -
Kinross Sells Blanket Mine to Caledonia Mining -
http://www.kinross.com/news/6202006-1.pdf
http://www.kinross.com/op/mine-blanket/index.html
http://www.investorshub.com/boards/board.asp?board_id=2652
http://www.investorshub.com/boards/board.asp?board_id=5404
Kinross Sells Blanket Mine to Caledonia Mining -
Kinross Sells Blanket Mine to Caledonia Mining -
http://www.kinross.com/news/6202006-1.pdf
http://www.kinross.com/op/mine-blanket/index.html
http://www.investorshub.com/boards/board.asp?board_id=2652
Caledonia Mining Purchased The Blanket Mine in Zimbabwe from Kinross Gold -
TORONTO, ONTARIO--(CCNMatthews - June 20, 2006) -
Caledonia Mining Corporation ("Caledonia")
(TSX:CAL)(OTCBB:CALVF)(AIM:CMCL) is pleased to announce
that it has purchased - The Blanket Mine in Zimbabwe
from Kinross Gold Corporation ("Kinross") of Toronto.
The conditions of the agreement which required that the
transaction be approved by the Reserve Bank of Zimbabwe
have now been fulfilled.
Although the agreement was signed May 12, 2006 the
transaction is effective as at April 1, 2006.
The consideration for the purchase was the payment to Kinross
of $1,000,000 (U.S.) and the issue of 20,000,000 Caledonia
shares.
The Blanket Mine is located in the southwest of Zimbabwe
and was acquired by Kinross from Falconbridge Gold Corporation
in 1993.
The mine is 560km from Harare the capital city, and 150km
from Bulawayo, Zimbabwe's second largest city.
The town of Gwanda, the provincial capital of Matabeleland
South, the province in which Blanket Mine is located,
is 16 kilometres from the mine.
The mine has been producing gold since the time of the
ancients.
Notable production commenced at the beginning of the 20th
century.
Total historical production of gold from the Blanket Mine
reportedly passed 1,000,000 ounces in 2005.
Blanket Mine currently mills 600 tonnes per day of
underground ore at an average grade of 4.1 grams per tonne
and currently produces an average of 2,100 ounces of gold
per month.
A US$2.5 million project to complete the new No. 4 shaft
and increase milling throughput to 1,000 tonnes per day
and gold production to over 40,000 ounces per year, is
proposed to be completed by mid 2007.
The Reserve and Resource data reported to Canadian standards
by the mine staff as at the end of December 2005 are:
Mineral Reserves
---------------------------------------------------------------------
Classification Reserves Gold Content
Content
(Tonnes) Grade Kgs
Ounces
---------------------------------------------------------------------
Proven Ore 1,118,000 4.19 4,684
150,700
---------------------------------------------------------------------
Probable Ore 2,105,000 4.27 8,988
288,900
---------------------------------------------------------------------
Total Proven and Probable Ore 3,223,000 4.24 13,673
439,600
---------------------------------------------------------------------
Mineral Resources(i)
---------------------------------------------------------------------
Resources Gold Content
Content
(Tonnes) Grade Kgs
Ounces
---------------------------------------------------------------------
Indicated 431,000 4.06 1,750
56,200
---------------------------------------------------------------------
Inferred 2,064,000 6.31
---------------------------------------------------------------------
(i) The mineral resources figures are not included in the
mineral
reserve figures.
Dr Trevor Pearton, PhD, FGSSA., Caledonia's Geological
Consultant, is Caledonia's "Qualified Person" with respect to
the Blanket Mine property for the purposes of Canadian
National Instrument 43-101.
To view a photo of the 'Blanket Head Frame' please visit the
following link: http://www.ccnmatthews.com/docs/bhf.doc
To view a photo of the 'Blanket Metallurgical Plant' please
visit the following link:
http://www.ccnmatthews.com/docs/bmp.doc
Commenting on this transaction, Stefan Hayden, President
and CEO of Caledonia, said "This acquisition is an important
step in reaching Caledonia's objective of developing its asset
base into a significant diversified international mining
company through profitable gold production.
The acquisition of this high class low cost gold producing
asset, the development of our Nama cobalt property,
and our successful PGE, nickel and copper exploration
activities underline our focus on Southern Africa and
should rapidly begin to add shareholder value.
The greenstone gold deposits found in Zimbabwe are our
specialty, and provide considerable opportunity for the
further expansion of our gold mining and production interests.
I am delighted that we are able to retain the current
management team, in particular Mr Caxton Mangezi who has been
appointed as our General Manager - Zimbabwe,
and Mr Peter Dell who has been appointed CFO - Zimbabwe.
Together with the highly skilled and motivated Blanket
management team they will continue to ensure the Blanket
operations run, as they have in past, with great efficiency,
and provide Caledonia with a solid management basis for the
expansion of Blanket and our interests.
This transaction will benefit both the employees of Blanket
and the local communities around the mine, and Caledonia
welcomes Kinross as a shareholder in our growing African
mining company."
Further information regarding Caledonia's exploration
activities and operations along with its latest financials may
be found at
http://www.caledoniamining.com.
Certain statements included herein are "forward-looking
statements". Management cautions that forward-looking
statements are not guarantees and that actual result could
differ materially from those expressed or implied in the
forward-looking statements. Important factors that could cause
the actual results of operations, exploration or development
programs, or the financial condition of the Company, to differ
include, but are not necessarily limited to, the risks and
uncertainties discussed in documents filed by the Company with
the various regulatory authorities having jurisdiction.
FOR FURTHER INFORMATION PLEASE CONTACT:
Caledonia Mining Corp.
Stefan Hayden
President and CEO
+27 (0)11 447 2499
BuckBias
Nick Bias
+44 (0)7887 920 530
Source: CCN Matthews (June 20, 2006 - 8:01 AM EDT)
News by QuoteMedia
www.quotemedia.com
Caledonia Mining Purchased The Blanket Mine in Zimbabwe from Kinross Gold -
TORONTO, ONTARIO--(CCNMatthews - June 20, 2006) -
Caledonia Mining Corporation ("Caledonia")
(TSX:CAL)(OTCBB:CALVF)(AIM:CMCL) is pleased to announce
that it has purchased - The Blanket Mine in Zimbabwe
from Kinross Gold Corporation ("Kinross") of Toronto.
The conditions of the agreement which required that the
transaction be approved by the Reserve Bank of Zimbabwe
have now been fulfilled.
Although the agreement was signed May 12, 2006 the
transaction is effective as at April 1, 2006.
The consideration for the purchase was the payment to Kinross
of $1,000,000 (U.S.) and the issue of 20,000,000 Caledonia
shares.
The Blanket Mine is located in the southwest of Zimbabwe
and was acquired by Kinross from Falconbridge Gold Corporation
in 1993.
The mine is 560km from Harare the capital city, and 150km
from Bulawayo, Zimbabwe's second largest city.
The town of Gwanda, the provincial capital of Matabeleland
South, the province in which Blanket Mine is located,
is 16 kilometres from the mine.
The mine has been producing gold since the time of the
ancients.
Notable production commenced at the beginning of the 20th
century.
Total historical production of gold from the Blanket Mine
reportedly passed 1,000,000 ounces in 2005.
Blanket Mine currently mills 600 tonnes per day of
underground ore at an average grade of 4.1 grams per tonne
and currently produces an average of 2,100 ounces of gold
per month.
A US$2.5 million project to complete the new No. 4 shaft
and increase milling throughput to 1,000 tonnes per day
and gold production to over 40,000 ounces per year, is
proposed to be completed by mid 2007.
The Reserve and Resource data reported to Canadian standards
by the mine staff as at the end of December 2005 are:
Mineral Reserves
---------------------------------------------------------------------
Classification Reserves Gold Content
Content
(Tonnes) Grade Kgs
Ounces
---------------------------------------------------------------------
Proven Ore 1,118,000 4.19 4,684
150,700
---------------------------------------------------------------------
Probable Ore 2,105,000 4.27 8,988
288,900
---------------------------------------------------------------------
Total Proven and Probable Ore 3,223,000 4.24 13,673
439,600
---------------------------------------------------------------------
Mineral Resources(i)
---------------------------------------------------------------------
Resources Gold Content
Content
(Tonnes) Grade Kgs
Ounces
---------------------------------------------------------------------
Indicated 431,000 4.06 1,750
56,200
---------------------------------------------------------------------
Inferred 2,064,000 6.31
---------------------------------------------------------------------
(i) The mineral resources figures are not included in the
mineral
reserve figures.
Dr Trevor Pearton, PhD, FGSSA., Caledonia's Geological
Consultant, is Caledonia's "Qualified Person" with respect to
the Blanket Mine property for the purposes of Canadian
National Instrument 43-101.
To view a photo of the 'Blanket Head Frame' please visit the
following link: http://www.ccnmatthews.com/docs/bhf.doc
To view a photo of the 'Blanket Metallurgical Plant' please
visit the following link:
http://www.ccnmatthews.com/docs/bmp.doc
Commenting on this transaction, Stefan Hayden, President
and CEO of Caledonia, said "This acquisition is an important
step in reaching Caledonia's objective of developing its asset
base into a significant diversified international mining
company through profitable gold production.
The acquisition of this high class low cost gold producing
asset, the development of our Nama cobalt property,
and our successful PGE, nickel and copper exploration
activities underline our focus on Southern Africa and
should rapidly begin to add shareholder value.
The greenstone gold deposits found in Zimbabwe are our
specialty, and provide considerable opportunity for the
further expansion of our gold mining and production interests.
I am delighted that we are able to retain the current
management team, in particular Mr Caxton Mangezi who has been
appointed as our General Manager - Zimbabwe,
and Mr Peter Dell who has been appointed CFO - Zimbabwe.
Together with the highly skilled and motivated Blanket
management team they will continue to ensure the Blanket
operations run, as they have in past, with great efficiency,
and provide Caledonia with a solid management basis for the
expansion of Blanket and our interests.
This transaction will benefit both the employees of Blanket
and the local communities around the mine, and Caledonia
welcomes Kinross as a shareholder in our growing African
mining company."
Further information regarding Caledonia's exploration
activities and operations along with its latest financials may
be found at
http://www.caledoniamining.com.
Certain statements included herein are "forward-looking
statements". Management cautions that forward-looking
statements are not guarantees and that actual result could
differ materially from those expressed or implied in the
forward-looking statements. Important factors that could cause
the actual results of operations, exploration or development
programs, or the financial condition of the Company, to differ
include, but are not necessarily limited to, the risks and
uncertainties discussed in documents filed by the Company with
the various regulatory authorities having jurisdiction.
FOR FURTHER INFORMATION PLEASE CONTACT:
Caledonia Mining Corp.
Stefan Hayden
President and CEO
+27 (0)11 447 2499
BuckBias
Nick Bias
+44 (0)7887 920 530
Source: CCN Matthews (June 20, 2006 - 8:01 AM EDT)
News by QuoteMedia
www.quotemedia.com
TED BUTLER COMMENTARY - June 19, 2006
Dialing 911
Perhaps one of life’s greatest pleasures and passages occurs when children teach their parents to look at something in a different perspective. I experienced this event, just before Father’s Day no less, when my son Ross shared with me a thought of his.
He said, "Dad, what would you do if a neighbor had a heart attack?" I told him I’d call 911 and attend to the neighbor as best I could until the EMS people arrived. He asked the same about a fire breaking out, or if I observed someone breaking into a home nearby. With slight variations, I answered these emergencies also involved calling 911. Knowing that I have labeled the recent developments in silver as an emergency and a crime in progress, he then asked me, "Why isn’t there a 911 you can call in that case?"
We continued talking and it got me to thinking. One of the hallmarks of living in a civilized and lawful society is our assumption that when one dials 911 for a medical emergency, the EMS is going to arrive soon. Likewise for a fire or police emergency. We collectively pay significant taxes to maintain this safety infrastructure and dedicated men and women risk their lives daily to serve and protect us. If a 911 call is not responded to, there is, and should be, hell to pay by those responsible. If a false 911 call is made, the caller is, and should be, prosecuted in some way for abusing the system.
Taken further, we have institutionalized our response to all known threats to the general safety and well being of our citizens. That is why we maintain our armed forces and government institutions to deal with everything from terrorists to natural disasters. Of course, we can find fault and take corrective measures when these institutions fail to measure up in execution, but certainly not to the point of advocating a complete dismantling of the Air Force, or FEMA, or the FBI, or the local Fire Department.
The Commodity Futures Trading Commission (CFTC) is the police and fire department of the commodity futures market. They have an annual budget of over $100 million and are staffed with well over 500 employees. If you click on "about" on their web site (www.cftc.gov) the first thing you will read is the following –
The mission of the Commodity Futures Trading Commission (CFTC) is to protect market users and the public from fraud, manipulation, and abusive practices related to the sale of commodity and financial futures and options, and to foster open, competitive, and financially sound futures and option markets.
Those are their words, not mine. I did not give them this mission, the US Congress did. I did not swear an oath to uphold the law and the Constitution, the CFTC did. I have not been charged with protecting the investing public from fraud, manipulation and abusive trading practices. The CFTC has been charged with, and has willfully accepted, that responsibility. Or al least, that is what they publicly proclaim.
Imagine that your city or county just commissioned a state of the art fire or police department, costing tens of millions of dollars annually and staffed by hundreds of public servants. But instead of protecting and serving the citizens, it quickly became apparent that they never responded to fire or police emergencies. The 911 calls were received and recorded, just never acted upon. Buildings burned down and victims of crime were ignored. How long would that be tolerated?
When you send a public warning to the chairman of the CFTC alleging a manipulation in a market, citing their own public data, that is their equivalent of a 911 call. Since the CFTC exists for this very purpose, it is reasonable to expect one of two things, namely, for them to act on the call or for them to chastise or punish you for making a false public allegation.
The emergency phase in the silver market has now probably come and gone. The concentrated shorts appear to have flushed all margined long traders from the market that were possible to be liquidated. The building has burned down. Still no response from the CFTC. Unfortunately, this is standard procedure for the CFTC. To my knowledge, in the history of the CFTC, they have never interrupted a manipulation in progress. Never put out a fire, never stopped a crime in progress.
I am coming to the opinion that the CFTC, just like a fire department that won’t respond to fire alarms, is doing more public harm than good by virtue of its very existence. It may be fostering the false security that someone is there to protect and that laws matter, when the opposite is true. By its inability or unwillingness to move against the manipulators, it is protecting them. If it were openly acknowledged that the CFTC was not there to protect the public, and was dismantled, the markets would adjust to that. At least we could save $100 million a year in taxes.
I still feel it is important to prod the CFTC on the concentrated short position in COMEX silver. Over the past couple of weeks, I have written to the chairmen of the CFTC and the NYMEX/COMEX, as have many of you. I know this issue will be resolved, one way or another. Either the CFTC will take measures to end the concentration by the largest short traders, or they will be forced to explain why it isn’t the problem it appears to be.
A friend of mine, Carl Loeb, has written the following letter that is self-explanatory. He has given me permission to reproduce it.
June 17, 2006
The Honorable Reuben Jeffery III
Chairman
Commodity Futures Trading Commission
Mr. Richard Schaeffer
Chairman
NYMEX/COMEX
Re: Concentrated position in COMEX Silver Futures Market
Sirs,
It is my understanding that the purpose of a futures marketplace is to provide liquidity to producers and consumers who seek to lock in or protect prices, to hedge against loss and in general to enhance the functionality of markets in a free economic system. The purpose of the CFTC is to protect market users and the public from fraud, manipulation, and abusive trading practices in markets under your jurisdiction. Futures markets are designed to reflect market pricing, not to drive them.
Based on prior positions taken by the Commission, the existence of a very large concentrated trading position in any commodity has a high probability of being illegal, and a violation of Sections 6(c), 6(d) and 9(a)(2) of the Commodity Exchange Act, as amended due to the manipulative effect this position can have on pricing.
Such a concentrated position currently exists in the silver market in the largest 4 traders category of reporting. Further, the size of this concentrated position is so large by any rational metric, that its leverage to affect and drive prices is unquestionable based on the Commission’s own data.
The two graphs below illustrate how dominant this concentrated position in silver really is.
http://www.investmentrarities.com/06-19-06.html
TED BUTLER COMMENTARY - June 19, 2006
Dialing 911
Perhaps one of life’s greatest pleasures and passages occurs when children teach their parents to look at something in a different perspective. I experienced this event, just before Father’s Day no less, when my son Ross shared with me a thought of his.
He said, "Dad, what would you do if a neighbor had a heart attack?" I told him I’d call 911 and attend to the neighbor as best I could until the EMS people arrived. He asked the same about a fire breaking out, or if I observed someone breaking into a home nearby. With slight variations, I answered these emergencies also involved calling 911. Knowing that I have labeled the recent developments in silver as an emergency and a crime in progress, he then asked me, "Why isn’t there a 911 you can call in that case?"
We continued talking and it got me to thinking. One of the hallmarks of living in a civilized and lawful society is our assumption that when one dials 911 for a medical emergency, the EMS is going to arrive soon. Likewise for a fire or police emergency. We collectively pay significant taxes to maintain this safety infrastructure and dedicated men and women risk their lives daily to serve and protect us. If a 911 call is not responded to, there is, and should be, hell to pay by those responsible. If a false 911 call is made, the caller is, and should be, prosecuted in some way for abusing the system.
Taken further, we have institutionalized our response to all known threats to the general safety and well being of our citizens. That is why we maintain our armed forces and government institutions to deal with everything from terrorists to natural disasters. Of course, we can find fault and take corrective measures when these institutions fail to measure up in execution, but certainly not to the point of advocating a complete dismantling of the Air Force, or FEMA, or the FBI, or the local Fire Department.
The Commodity Futures Trading Commission (CFTC) is the police and fire department of the commodity futures market. They have an annual budget of over $100 million and are staffed with well over 500 employees. If you click on "about" on their web site (www.cftc.gov) the first thing you will read is the following –
The mission of the Commodity Futures Trading Commission (CFTC) is to protect market users and the public from fraud, manipulation, and abusive practices related to the sale of commodity and financial futures and options, and to foster open, competitive, and financially sound futures and option markets.
Those are their words, not mine. I did not give them this mission, the US Congress did. I did not swear an oath to uphold the law and the Constitution, the CFTC did. I have not been charged with protecting the investing public from fraud, manipulation and abusive trading practices. The CFTC has been charged with, and has willfully accepted, that responsibility. Or al least, that is what they publicly proclaim.
Imagine that your city or county just commissioned a state of the art fire or police department, costing tens of millions of dollars annually and staffed by hundreds of public servants. But instead of protecting and serving the citizens, it quickly became apparent that they never responded to fire or police emergencies. The 911 calls were received and recorded, just never acted upon. Buildings burned down and victims of crime were ignored. How long would that be tolerated?
When you send a public warning to the chairman of the CFTC alleging a manipulation in a market, citing their own public data, that is their equivalent of a 911 call. Since the CFTC exists for this very purpose, it is reasonable to expect one of two things, namely, for them to act on the call or for them to chastise or punish you for making a false public allegation.
The emergency phase in the silver market has now probably come and gone. The concentrated shorts appear to have flushed all margined long traders from the market that were possible to be liquidated. The building has burned down. Still no response from the CFTC. Unfortunately, this is standard procedure for the CFTC. To my knowledge, in the history of the CFTC, they have never interrupted a manipulation in progress. Never put out a fire, never stopped a crime in progress.
I am coming to the opinion that the CFTC, just like a fire department that won’t respond to fire alarms, is doing more public harm than good by virtue of its very existence. It may be fostering the false security that someone is there to protect and that laws matter, when the opposite is true. By its inability or unwillingness to move against the manipulators, it is protecting them. If it were openly acknowledged that the CFTC was not there to protect the public, and was dismantled, the markets would adjust to that. At least we could save $100 million a year in taxes.
I still feel it is important to prod the CFTC on the concentrated short position in COMEX silver. Over the past couple of weeks, I have written to the chairmen of the CFTC and the NYMEX/COMEX, as have many of you. I know this issue will be resolved, one way or another. Either the CFTC will take measures to end the concentration by the largest short traders, or they will be forced to explain why it isn’t the problem it appears to be.
A friend of mine, Carl Loeb, has written the following letter that is self-explanatory. He has given me permission to reproduce it.
June 17, 2006
The Honorable Reuben Jeffery III
Chairman
Commodity Futures Trading Commission
Mr. Richard Schaeffer
Chairman
NYMEX/COMEX
Re: Concentrated position in COMEX Silver Futures Market
Sirs,
It is my understanding that the purpose of a futures marketplace is to provide liquidity to producers and consumers who seek to lock in or protect prices, to hedge against loss and in general to enhance the functionality of markets in a free economic system. The purpose of the CFTC is to protect market users and the public from fraud, manipulation, and abusive trading practices in markets under your jurisdiction. Futures markets are designed to reflect market pricing, not to drive them.
Based on prior positions taken by the Commission, the existence of a very large concentrated trading position in any commodity has a high probability of being illegal, and a violation of Sections 6(c), 6(d) and 9(a)(2) of the Commodity Exchange Act, as amended due to the manipulative effect this position can have on pricing.
Such a concentrated position currently exists in the silver market in the largest 4 traders category of reporting. Further, the size of this concentrated position is so large by any rational metric, that its leverage to affect and drive prices is unquestionable based on the Commission’s own data.
The two graphs below illustrate how dominant this concentrated position in silver really is.
http://www.investmentrarities.com/06-19-06.html
YSilver, well that's a Blessing for Bolivia,
changes mind on U.S. trade deal -
well that's a real Blessing for Bolivia,
changes mind on U.S. trade deal -
http://www.bradenton.com/mld/bradenton/business/14837492.htm
The United States is Bolivia's second-largest export market
after Brazil, while Venezuela is in fifth place
and Cuba ranks 88 - welcome to light -
Alvaro Garcia Linera, Bolivia's vice president, will travel to
Washington in July to try to convince the U.S. -
http://www.usaidbolivia.org.bo/
http://www.goldrush21.com/
http://www.investorshub.com/boards/board.asp?board_id=5406
The confidence is now great -
the mission for children of Potosi -
is to be in good hands -
aren't You about ready to give God's Formula a chance? -
the LIGHT, the WORD, the WAY, the TRUTH for my people,
the LIFE, the VINE in which my people can grow into
eternal life, God has been good to us in America,
and we can once again, have His blessing, if we will
apply the Formula for our, Survival to our problems,
for it is the history of our people and contains
God's promises to us,
to have a nice Blessed weekend to all,
duties calling have to go,
hope to be back soon.
YSilver, well that's a Blessing for Bolivia,
changes mind on U.S. trade deal -
well that's a real Blessing for Bolivia,
changes mind on U.S. trade deal -
http://www.bradenton.com/mld/bradenton/business/14837492.htm
The United States is Bolivia's second-largest export market
after Brazil, while Venezuela is in fifth place
and Cuba ranks 88 - welcome to light -
Alvaro Garcia Linera, Bolivia's vice president, will travel to
Washington in July to try to convince the U.S. -
http://www.usaidbolivia.org.bo/
http://www.goldrush21.com/
http://www.investorshub.com/boards/board.asp?board_id=5406
The confidence is now great -
the mission for children of Potosi -
is to be in good hands -
aren't You about ready to give God's Formula a chance? -
the LIGHT, the WORD, the WAY, the TRUTH for my people,
the LIFE, the VINE in which my people can grow into
eternal life, God has been good to us in America,
and we can once again, have His blessing, if we will
apply the Formula for our, Survival to our problems,
for it is the history of our people and contains
God's promises to us,
to have a nice Blessed weekend to all,
duties calling have to go,
hope to be back soon.
Franklin Mining - FMNJ - Gold POG -
Est. 1864 - Gold & Silver -
FMNJ Precious Metals Mines -
Silver reflects more light than any other metal -
The Bible uses the word "light" to describe truth -
The following are truths that i've discovered,
while studying silver.
Men cannot give silver to God to bribe Him,
because He created it all.
God is impartial and he judges all men as equals
no matter how much silver they may have.
Silver is not useless;
it is a gift from God to us, for us.
God gives all men many more undeniable gifts,
including:
the right to live,
the right to defend his own life,
the right to earn silver,
the right to own silver,
the right to defend his silver,
the right to marry and provide for his family,
the right to defend his family,
the right to travel,
the right to trade,
the right to leave an inheritance to his children's children,
the right to harvest by hand the edges of a field (not welfare),
the right to not be enslaved against his will,
the right to forgiveness of debts once every 7 years,
the right to forgiveness of sins through repentance,
the right to a trial by jury and to question his accusers,
the right to not be forced to bow down to foreign Gods,
the right to be left alone to follow God's laws
and worship God in peace, and many more rights
and wonderful gifts too numerous to be listed,
most of which are intended to help men live in peace
with one another, in their pursuit of happiness,
to the glory of God.
Men enjoy more of these God-given gifts and rights,
and become much happier, when they know about their
God-given rights, and when they act to defend them;
because even when just a few men do so, all of society
is better off.
Unfortunately, evil men think they have a right to
enslave other men or nations through usury or deception,
or the right to steal the property of other men through
bribing judges or through government-granted monopolies
such as patents (and especially patents on money creation).
When evil men use the sword to defend their so-called rights,
conflict is inevitable.
Think not that i came to send peace on the earth:
i came not to send peace, but a sword.
Swords, guns, tanks, ships and planes are used both for
good and for evil.
But the empires of evil, self-condemning hypocrites,
deceivers who deceive themselves, inevitably fall,
as a house divided against itself cannot stand.
Men usually tolerate injustice because they simply
do not know any better, or because they are used to the
injustices.
But the Bible says that in the last days knowledge will
increase, and the wise will instruct many.
Therefore, the days of injustice are numbered;
and increasingly, mankind has seen frauds collapse
without any violence involved in the process.
In such ways, men grow more civilized, and become
more Godly men.
There are two fundamentally different ways to get what
you want or need from other men:
through force or trade.
Nations engaging in trade generally do not go to war,
because there is too much to lose for each side.
And when goods will not cross borders
(due to an un-Godly application of force), it seems
that armies eventually will.
Force is evil.
Trade is Godly.
God says to use just weights and measures in trade.
God has provided men with gold and silver as things
Y ou can weigh and measure.
God's way is just, and leads to prosperity and
happiness.
The best way to secure all of our God-given rights
in today's world, is to buy God's gift of silver,
to take possession of the metal, and keep it in your
own safe, and hidden.
Men buying silver is the peaceful & Godly way whereby
all of society's dollar debts will be forgiven,
and how the monetary fraud of the last 94 years
will end, and how economic freedom and prosperity
will be realized.
Who will you trust, God and his provision of sliver,
or man's paper?
Wisdom is better than silver;
wisdom helps you gain silver;
where as a fool and his silver are soon parted.
A lover of silver will not be satisfied with silver;
but a man who loves God can be blessed with silver.
The Bible encourages us to judge in truth, to expose
frauds, to rebuke sin, to reprove unrighteousness,
and to teach God's truths in the process -
The Bible encourages believers to gather together to
help and strengthen one another.
With varying degrees of effectiveness, some men
strengthen each other through forming governments,
some help each other by forming Churches, and today,
anyone can help through sending emails.
Please send this on, if you think it will help.
Put the assets into Gold and Silver - i says
the Pater told me -
we have His Blessing.
Silver - were is the top LT trend line? - fiat$5K - no surprise -
FMNJ Gold and Silver investors -
well buy and hold FMNJ PM Mines -
A concerted intervention by central banks has temporarily depressed the Gold market providing an excellent buying opportunity for those who missed the recent Gold rally? -
http://www.ameinfo.com/88792.html
The precious metal Au&Ag commodities -
with the basket of natural resources -
has only traded back to its lower LT Trend Line -
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 16 Jun 2006 at 02:38:24 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.
Franklin Mining - FMNJ - Gold POG -
Est. 1864 - Gold & Silver -
FMNJ Precious Metals Mines -
Silver reflects more light than any other metal -
The Bible uses the word "light" to describe truth -
The following are truths that i've discovered,
while studying silver.
Men cannot give silver to God to bribe Him,
because He created it all.
God is impartial and he judges all men as equals
no matter how much silver they may have.
Silver is not useless;
it is a gift from God to us, for us.
God gives all men many more undeniable gifts,
including:
the right to live,
the right to defend his own life,
the right to earn silver,
the right to own silver,
the right to defend his silver,
the right to marry and provide for his family,
the right to defend his family,
the right to travel,
the right to trade,
the right to leave an inheritance to his children's children,
the right to harvest by hand the edges of a field (not welfare),
the right to not be enslaved against his will,
the right to forgiveness of debts once every 7 years,
the right to forgiveness of sins through repentance,
the right to a trial by jury and to question his accusers,
the right to not be forced to bow down to foreign Gods,
the right to be left alone to follow God's laws
and worship God in peace, and many more rights
and wonderful gifts too numerous to be listed,
most of which are intended to help men live in peace
with one another, in their pursuit of happiness,
to the glory of God.
Men enjoy more of these God-given gifts and rights,
and become much happier, when they know about their
God-given rights, and when they act to defend them;
because even when just a few men do so, all of society
is better off.
Unfortunately, evil men think they have a right to
enslave other men or nations through usury or deception,
or the right to steal the property of other men through
bribing judges or through government-granted monopolies
such as patents (and especially patents on money creation).
When evil men use the sword to defend their so-called rights,
conflict is inevitable.
Think not that i came to send peace on the earth:
i came not to send peace, but a sword.
Swords, guns, tanks, ships and planes are used both for
good and for evil.
But the empires of evil, self-condemning hypocrites,
deceivers who deceive themselves, inevitably fall,
as a house divided against itself cannot stand.
Men usually tolerate injustice because they simply
do not know any better, or because they are used to the
injustices.
But the Bible says that in the last days knowledge will
increase, and the wise will instruct many.
Therefore, the days of injustice are numbered;
and increasingly, mankind has seen frauds collapse
without any violence involved in the process.
In such ways, men grow more civilized, and become
more Godly men.
There are two fundamentally different ways to get what
you want or need from other men:
through force or trade.
Nations engaging in trade generally do not go to war,
because there is too much to lose for each side.
And when goods will not cross borders
(due to an un-Godly application of force), it seems
that armies eventually will.
Force is evil.
Trade is Godly.
God says to use just weights and measures in trade.
God has provided men with gold and silver as things
Y ou can weigh and measure.
God's way is just, and leads to prosperity and
happiness.
The best way to secure all of our God-given rights
in today's world, is to buy God's gift of silver,
to take possession of the metal, and keep it in your
own safe, and hidden.
Men buying silver is the peaceful & Godly way whereby
all of society's dollar debts will be forgiven,
and how the monetary fraud of the last 94 years
will end, and how economic freedom and prosperity
will be realized.
Who will you trust, God and his provision of sliver,
or man's paper?
Wisdom is better than silver;
wisdom helps you gain silver;
where as a fool and his silver are soon parted.
A lover of silver will not be satisfied with silver;
but a man who loves God can be blessed with silver.
The Bible encourages us to judge in truth, to expose
frauds, to rebuke sin, to reprove unrighteousness,
and to teach God's truths in the process -
The Bible encourages believers to gather together to
help and strengthen one another.
With varying degrees of effectiveness, some men
strengthen each other through forming governments,
some help each other by forming Churches, and today,
anyone can help through sending emails.
Please send this on, if you think it will help.
Put the assets into Gold and Silver - i says
the Pater told me -
we have His Blessing.
Silver - were is the top LT trend line? - fiat$5K - no surprise -
FMNJ Gold and Silver investors -
well buy and hold FMNJ Gold -
A concerted intervention by central banks has temporarily depressed the Gold market providing an excellent buying opportunity for those who missed the recent Gold rally? -
http://www.ameinfo.com/88792.html
The precious metal Au&Ag commodities -
with the basket of natural resources -
has only traded back to its lower LT Trend Line -
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 16 Jun 2006 at 02:38:24 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.
Unico, Inc. # 1 Shipment - Restart -
The Deer Trail Gold Mines -
Hot Golden Rich Treasures -
Unico, Inc.
Announces First Shipment of Samples From Diamond
Core Drilling Program at -
Deer Trail Mine to ALS Chemex for Assay -
Unico Incorporated
(OTCBB: UNCN), a natural resource company in the precious
metals mining sector, today announced that the first
round of core samples taken from the underground
diamond core drilling program conducted at
the Deer Trail Mine in 2005 have been shipped
to the ALS Chemex lab in North Vancouver,
British Columbia for assay.
All samples will be assayed by a traditional fire assay
for gold and silver, and samples with visible sulfide
mineralization will be assayed by means of ICPAES
(Induced Coupling Plasma Atomic Absorption Emission
Spectrophotometry) known in the mining industry as ICP.
An aqua regia acid digestion will be used for lead,
zinc and copper.
All samples chosen with no visible sulfides will be
assayed by ICP 4 acid near total digestion for lead,
zinc and copper.
The core logging and splitting of the samples,
as well as bagging, tagging and all identification
of areas of interest that were chosen for assay,
was undertaken by consulting geologist Alex Scarbrough,
who was assigned to the Unico project by
mining industry consultancy firm Behre Dolbear.
In total, 139 samples representing 280 feet of core
were logged, sawed, bagged, tagged and shipped
for assay.
All samples in the first shipment sent for assay
were taken from the hole identified as UDDH #1,
which was 740 feet in length.
This hole was chosen to help determine areas
of interest in the remaining 12 holes and pinpoint
areas that may be overlooked in visual logging
of the core.
The samples chosen by Mr. Scarborough for assay
vary in different increments from one foot to three feet intervals.
All weights of each sample varied depending on their
selective interval and what mineralization they were
seen to contain from visual inspections.
The areas of interest were sawed, split apart into
the different length increments, prepared for shipment
and certified before being shipped to ALS Chemex for
assay analysis.
"We are pleased that the first shipment of samples
have been sent to ALS Chemex for assay and look forward
to initial results from the hole number one,"
commented Mark A. Lopez, chief executive officer of
Unico, Inc.
"The data gleaned from the first assay results are
expected to be of significant importance and will
ultimately support the direction of future mining
efforts and potential mineral targets at -
The Deer Trail Gold Mines."
The primary objective of the Phase II underground diamond
core drilling program was to target known mineralized
horizons and discover new horizons of mineralization
in and around the main ore channel of
the Deer Trail Mine.
7,235 feet of drill core was taken from 13 underground
holes during the diamond core drilling phase completed
by Connors Drilling, LLC.
Behre Dolbear was contracted to perform the geological
core logging and splitting verification on the samples.
Photographs of the core logging and splitting
undertaken by Mr. Scarbrough have been added to
the Unico website at
www.uncn.com
A picture gallery that shows the core logging
and splitting work is in the "Media" section at
http://www.uncn.com/news/othermedia.asp.
Shareholders who would like to sign up to receive
information by email directly from Unico, Inc.,
particularly when new press releases, SEC filings
or other information is disclosed, are asked to visit
the company's website at
http:www.uncn.com/IR/mailinglist.asp.
About Unico Inc.
Unico Inc. (www.uncn.com) is a publicly traded natural
resource company in the precious metals mining sector
that is focused on the exploration, development and
production of gold, silver, lead, zinc, and copper
concentrates at its three mine properties:
the Deer Trail Mine, the Bromide Basin Mine and
the Silver Bell Mine.
Forward-Looking Statements ... -
Pioneer Lady -
Unico Inc - UNCN - Gold Stock Ready to Grow -
• Unico - Gold Stock Ready to Grow -
- UNCN -
http://finance.yahoo.com/q/h?s=UNCN.OB
- Deer Trail Mining Company, LLC -
will begin processing current stockpiles and sell
the concentrates in fulfillment of the company's
five-year purchase contract with PGM, LLC,
a private subsidiary of Polymet Corporation.
Terms of the agreement include a monthly purchase
quantity of 150 tons for the first 6-9 months
and increases to 300 tons through the duration
of the five-year term.
Unico has estimated that the gross cash flow -
produced from this contract could range from -
- $125,000 up to $450,000 per month.
Included in recently completed construction is
additional progress on a new control room,
updated communications infrastructure,
and a new catwalk that extends -
from the observation deck -
to the proposed flotation deck.
After further engineering review -
and millwright work, it was also determined
that it would be more advantageous not to modify
the ball-mill -
from a grate-discharge to a pass-through
open-discharge mill.
As a result, the existing format will be -
maintained, but the system will be made more -
durable and its functionality improved.
New rubber ball mill liners
and grate assembly have been ordered,
and Weir Minerals North America Rubber Engineering
(www.weirminerals.com) has initiated -
the engineering and fabricating work.
After being supplied with the forms and tooling
for the specific ball-mill, Weir Minerals -
completed their on-site inspection -
of final sizing and measurements to begin fabrication.
"We are making excellent progress at -
The Deer Trail Gold & Silver Mill -
and processing facility and are pleased -
at how well the upgrades are going thus far,"
said Mark A. Lopez,
chief executive officer of
Unico, Inc.
"It was decided, after consulting with
Jean Duvall, the millwright working on
the upgrades at the Deer Trail facility,
that changing the ball-mill from a
grate-discharge to a pass-through
open-discharge mill would entail
additional risk we are not willing
to take on.
As we move forward, we will continue
to evaluate further changes and upgrades,
but we are confident that this course
is best at this time."
The ongoing reconstruction will become more
visible though a series of photographs
that Unico expects to make available
on its website -
http://www.uncn.com,
in the coming days.
"As part of revamping our website
to include the most current and complete
information on the company, we will
display a number of pictures that capture
the improvements underway at the mill
and processing facility.
Unico firmly believes that while the company's
most significant and long-term potential value
rests in its subsidiary mine properties,
the initiation of monthly revenues
from its current stockpiles will be
an important milestone in Unico's development.
To that end, we want our shareholders
to see this reconstruction work in progress,"
added Mr. Lopez.
To sign up to receive information by email
directly from Unico, Inc.
when new press releases,
SEC filings or other information is disclosed,
please visit -
http://www.uncn.com/IR/mailinglist.asp.
About Unico, Inc. -
Unico, Inc. -
(www.uncn.com) -
is a publicly traded natural
resource company in the precious metals mining
sector that is focused on the exploration,
development and production of -
Gold -
Silver -
Lead -
Zinc -
and Copper -
- concentrates at its three mine properties:
The Deer Trail Mine -
The Bromide Basin Mine -
and
The Silver Bell Mine.
Forward-Looking Statements
This news release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and such Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The company may experience significant fluctuations in operating results due to a number of economic, competitive and other factors. These factors could cause operation results to vary significantly from those in prior periods, and those projected in forward-looking statements. Information with respect to these factors which could materially affect the company and its operations are included on certain forms the company files with the Securities and Exchange Commission.
Contacts:
http://www.uncn.com
OTC Financial Network
Rick McCaffrey
781-444-6100, x625
Contact via http://www.marketwire.com/mw/emailprcntct?id=ADA0D09BB3DE9035
www.otcfn.com/uncn
SOURCE:
Unico, Inc.
CONTACT:
http://www.uncn.com
http://www.otcfn.com/uncn
Gemini Financial Communications for
Unico, Inc.
A. Beyer
951-587-8072
Contact via http://www.marketwire.com/mw/emailprcntct?id=31F90494DE1F9177
The Bonanza Gold-Silver Producer -
- 2006 Restarting Gold-Silver Mines Operations -
April 2006 - New Equipment Arriving at -
- The Deer Trail Mine Facility -
Free Gold - visible Gold - very rare and unique -
only occurre in a few Gold hardrock mines on the earth -
try to find any - they are the super rich -
kept in good standing for >100 years -
http://www.uncn.com/news/othermedia_gallery1.asp
http://finance.yahoo.com/q?s=UNCN.OB
Ps. always do your own dd...
Call the IR etc.
http://www.otcbb.com/asp/quote_module.asp?symbol=uncn
UNCN hinge on all our participation - let's move it.
.
Excel, well that was a nice one -
Crank up the Speakers! Will do -
http://www.sermonspice.com/cart/?p=product&id=114
Amen
Franklin Mining - FMNJ - Gold POG -
Est. 1864 - Gold & Silver -
Precious Metals Mines -
FMNJ Gold and Silver investors well buy and hold FMNJ Gold -
A concerted intervention by central banks has temporarily depressed the Gold market providing an excellent buying opportunity for those who missed the recent Gold rally? -
http://www.ameinfo.com/88792.html
The precious metal Au&Ag commodities -
with the basket of natural resources -
has only traded back to its lower LT Trend Line -
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 14 Jun 2006 at 10:00:18 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.
Franklin Mining - FMNJ - Gold POG -
Est. 1864 - Gold & Silver -
Precious Metals Mines -
FMNJ Gold and Silver investors well buy and hold FMNJ Gold -
A concerted intervention by central banks has temporarily depressed the Gold market providing an excellent buying opportunity for those who missed the recent Gold rally? -
http://www.ameinfo.com/88792.html
The precious metal Au&Ag commodities -
with the basket of natural resources -
has only traded back to its lower LT Trend Line -
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 14 Jun 2006 at 10:00:18 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.
Franklin Mining - FMNJ - Gold POG -
Est. 1864 - Gold & Silver -
Precious Metals Mines -
FMNJ Gold and Silver investors well buy and hold FMNJ Gold -
A concerted intervention by central banks has temporarily depressed the Gold market providing an excellent buying opportunity for those who missed the recent Gold rally? -
http://www.ameinfo.com/88792.html
The precious metal Au&Ag commodities -
with the basket of natural resources -
has only traded back to its lower LT Trend Line -
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 14 Jun 2006 at 10:00:18 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.
Franklin Mining - FMNJ - Gold POG -
Est. 1864 - Gold & Silver -
Precious Metals Mines -
The precious metal Au&Ag commodities -
with the basket of natural resources -
has only traded back to its lower LT Trend Line -
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 14 Jun 2006 at 10:00:18 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.
Franklin Mining - FMNJ - Gold POG -
Est. 1864 - Gold & Silver -
Precious Metals Mines -
The precious metal Au&Ag commodities -
with the basket of natural resources -
has only traded back to its lower LT Trend Line -
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 14 Jun 2006 at 10:00:18 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.
Unico Inc. - UNCN - Gold,Silver & Cu Mines -
Well UNCN has so much great Gold, Silver
& Cu mines restarting - no debt -
its trading at a very oversold/undervalued -
the great UNCN hard assets are plentiful -
Unico Inc - UNCN - Gold Stock Ready to Grow -
• Unico - Gold Stock Ready to produce -
- UNCN -
http://finance.yahoo.com/q/h?s=UNCN.OB
- Deer Trail Mining Company, LLC -
will begin processing current stockpiles and sell
the concentrates in fulfillment of the company's
five-year purchase contract with PGM, LLC,
a private subsidiary of Polymet Corporation.
Terms of the agreement include a monthly purchase
quantity of 150 tons for the first 6-9 months
and increases to 300 tons through the duration
of the five-year term.
Unico has estimated that the gross cash flow -
produced from this contract could range from -
- $125,000 up to $450,000 per month.
Included in recently completed construction is
additional progress on a new control room,
updated communications infrastructure,
and a new catwalk that extends -
from the observation deck -
to the proposed flotation deck.
After further engineering review -
and millwright work, it was also determined
that it would be more advantageous not to modify
the ball-mill -
from a grate-discharge to a pass-through
open-discharge mill.
As a result, the existing format will be -
maintained, but the system will be made more -
durable and its functionality improved.
New rubber ball mill liners
and grate assembly have been ordered,
and Weir Minerals North America Rubber Engineering
(www.weirminerals.com) has initiated -
the engineering and fabricating work.
After being supplied with the forms and tooling
for the specific ball-mill, Weir Minerals -
completed their on-site inspection -
of final sizing and measurements to begin fabrication.
"We are making excellent progress at -
The Deer Trail Gold & Silver Mill -
and processing facility and are pleased -
at how well the upgrades are going thus far,"
said Mark A. Lopez,
chief executive officer of
Unico, Inc.
"It was decided, after consulting with
Jean Duvall, the millwright working on
the upgrades at the Deer Trail facility,
that changing the ball-mill from a
grate-discharge to a pass-through
open-discharge mill would entail
additional risk we are not willing
to take on.
As we move forward, we will continue
to evaluate further changes and upgrades,
but we are confident that this course
is best at this time."
The ongoing reconstruction will become more
visible though a series of photographs
that Unico expects to make available
on its website -
http://www.uncn.com,
in the coming days.
"As part of revamping our website
to include the most current and complete
information on the company, we will
display a number of pictures that capture
the improvements underway at the mill
and processing facility.
Unico firmly believes that while the company's
most significant and long-term potential value
rests in its subsidiary mine properties,
the initiation of monthly revenues
from its current stockpiles will be
an important milestone in Unico's development.
To that end, we want our shareholders
to see this reconstruction work in progress,"
added Mr. Lopez.
To sign up to receive information by email
directly from Unico, Inc.
when new press releases,
SEC filings or other information is disclosed,
please visit -
http://www.uncn.com/IR/mailinglist.asp.
About Unico, Inc. -
Unico, Inc. -
(www.uncn.com) -
is a publicly traded natural
resource company in the precious metals mining
sector that is focused on the exploration,
development and production of -
Gold -
Silver -
Lead -
Zinc -
and Copper -
- concentrates at its three mine properties:
The Deer Trail Mine -
The Bromide Basin Mine -
and
The Silver Bell Mine.
Forward-Looking Statements
This news release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and such Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The company may experience significant fluctuations in operating results due to a number of economic, competitive and other factors. These factors could cause operation results to vary significantly from those in prior periods, and those projected in forward-looking statements. Information with respect to these factors which could materially affect the company and its operations are included on certain forms the company files with the Securities and Exchange Commission.
Contacts:
http://www.uncn.com
OTC Financial Network
Rick McCaffrey
781-444-6100, x625
Contact via http://www.marketwire.com/mw/emailprcntct?id=ADA0D09BB3DE9035
www.otcfn.com/uncn
SOURCE:
Unico, Inc.
CONTACT:
http://www.uncn.com
http://www.otcfn.com/uncn
Gemini Financial Communications for
Unico, Inc.
A. Beyer
951-587-8072
Contact via http://www.marketwire.com/mw/emailprcntct?id=31F90494DE1F9177
The Bonanza Gold-Silver Producer -
- 2006 Restarting Gold-Silver Mines Operations -
April 2006 - New Equipment Arriving at -
- The Deer Trail Mine Facility -
Free Gold - visible Gold - very rare and unique -
only occurre in a few Gold hardrock mines on the earth -
try to find any - they are the super rich -
kept in good standing for >100 years -
http://www.uncn.com/news/othermedia_gallery1.asp
http://finance.yahoo.com/q?s=UNCN.OB
Ps. always do your own dd...
Call the IR etc.
http://www.otcbb.com/asp/quote_module.asp?symbol=uncn
--
.
Unico Inc. - UNCN - Gold, Silver & Cu Mines -
Well UNCN has so much great Gold & Silver
mines restarting - no debt -
its trading at a very oversold/undervalued -
the great UNCN hard assets are plentiful -
Unico Inc - UNCN - Gold Stock Ready to Grow -
• Unico - Gold Stock Ready to produce -
- UNCN -
http://finance.yahoo.com/q/h?s=UNCN.OB
- Deer Trail Mining Company, LLC -
will begin processing current stockpiles and sell
the concentrates in fulfillment of the company's
five-year purchase contract with PGM, LLC,
a private subsidiary of Polymet Corporation.
Terms of the agreement include a monthly purchase
quantity of 150 tons for the first 6-9 months
and increases to 300 tons through the duration
of the five-year term.
Unico has estimated that the gross cash flow -
produced from this contract could range from -
- $125,000 up to $450,000 per month.
Included in recently completed construction is
additional progress on a new control room,
updated communications infrastructure,
and a new catwalk that extends -
from the observation deck -
to the proposed flotation deck.
After further engineering review -
and millwright work, it was also determined
that it would be more advantageous not to modify
the ball-mill -
from a grate-discharge to a pass-through
open-discharge mill.
As a result, the existing format will be -
maintained, but the system will be made more -
durable and its functionality improved.
New rubber ball mill liners
and grate assembly have been ordered,
and Weir Minerals North America Rubber Engineering
(www.weirminerals.com) has initiated -
the engineering and fabricating work.
After being supplied with the forms and tooling
for the specific ball-mill, Weir Minerals -
completed their on-site inspection -
of final sizing and measurements to begin fabrication.
"We are making excellent progress at -
The Deer Trail Gold & Silver Mill -
and processing facility and are pleased -
at how well the upgrades are going thus far,"
said Mark A. Lopez,
chief executive officer of
Unico, Inc.
"It was decided, after consulting with
Jean Duvall, the millwright working on
the upgrades at the Deer Trail facility,
that changing the ball-mill from a
grate-discharge to a pass-through
open-discharge mill would entail
additional risk we are not willing
to take on.
As we move forward, we will continue
to evaluate further changes and upgrades,
but we are confident that this course
is best at this time."
The ongoing reconstruction will become more
visible though a series of photographs
that Unico expects to make available
on its website -
http://www.uncn.com,
in the coming days.
"As part of revamping our website
to include the most current and complete
information on the company, we will
display a number of pictures that capture
the improvements underway at the mill
and processing facility.
Unico firmly believes that while the company's
most significant and long-term potential value
rests in its subsidiary mine properties,
the initiation of monthly revenues
from its current stockpiles will be
an important milestone in Unico's development.
To that end, we want our shareholders
to see this reconstruction work in progress,"
added Mr. Lopez.
To sign up to receive information by email
directly from Unico, Inc.
when new press releases,
SEC filings or other information is disclosed,
please visit -
http://www.uncn.com/IR/mailinglist.asp.
About Unico, Inc. -
Unico, Inc. -
(www.uncn.com) -
is a publicly traded natural
resource company in the precious metals mining
sector that is focused on the exploration,
development and production of -
Gold -
Silver -
Lead -
Zinc -
and Copper -
- concentrates at its three mine properties:
The Deer Trail Mine -
The Bromide Basin Mine -
and
The Silver Bell Mine.
Forward-Looking Statements
This news release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and such Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The company may experience significant fluctuations in operating results due to a number of economic, competitive and other factors. These factors could cause operation results to vary significantly from those in prior periods, and those projected in forward-looking statements. Information with respect to these factors which could materially affect the company and its operations are included on certain forms the company files with the Securities and Exchange Commission.
Contacts:
http://www.uncn.com
OTC Financial Network
Rick McCaffrey
781-444-6100, x625
Contact via http://www.marketwire.com/mw/emailprcntct?id=ADA0D09BB3DE9035
www.otcfn.com/uncn
SOURCE:
Unico, Inc.
CONTACT:
http://www.uncn.com
http://www.otcfn.com/uncn
Gemini Financial Communications for
Unico, Inc.
A. Beyer
951-587-8072
Contact via http://www.marketwire.com/mw/emailprcntct?id=31F90494DE1F9177
The Bonanza Gold-Silver Producer -
- 2006 Restarting Gold-Silver Mines Operations -
April 2006 - New Equipment Arriving at -
- The Deer Trail Mine Facility -
Free Gold - visible Gold - very rare and unique -
only occurre in a few Gold hardrock mines on the earth -
try to find any - they are the super rich -
kept in good standing for >100 years -
http://www.uncn.com/news/othermedia_gallery1.asp
http://finance.yahoo.com/q?s=UNCN.OB
Ps. always do your own dd...
Call the IR etc.
http://www.otcbb.com/asp/quote_module.asp?symbol=uncn
--
.
excel, we have to do our part -
and we don't blame anyone -
its father love -
there is Pater also -
whatever thy hand findest to do -
do it with all thy heart -
Bless Christ The Lord
rayrohn, RE: a candlesticks Chart on
the commoditybasket -
- its candlestick chart -
do you have anything against -
PM FMNJ or precious metals? -
i don't see your point?
Russian stock market begins trading Gold -
10:17:39 GMT, 08 June, 2006
The Russian stock market will begin trading gold from today,
according to reports in the Russian media.
The Russian Trading System, purporting to be the premier
exchange in the region, will begin trading in Gold,
oil and oil products from today (June 8th).
Igor Artemyev, head of the Federal Antimonopoly Service,
told Itar Tass earlier this year exchanges offered
"an excellent way of developing competition and effecting
a normal de-monopolisation of the market".
He argued that "a much greater transparency" would follow
on from the exchanges.
One-month contracts on the RTS involving the commodities
will be traded, with the minimal margin set for gold at
five per cent and for oil and related products at
ten per cent.
For each contract concluded the RTS will collect
a 1-ruble commission.
http://www.gold.org/value/news/article/4137/
http://www.investorshub.com/boards/board.asp?board_id=5404
Franklin Mining - FMNJ - Gold POG -
Est. 1864 - Gold & Silver -
Precious Metals Mines -
The precious metal Au&Ag commodities -
with the basket of natural resources -
has only traded back to its lower LT Trend Line -
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 -
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 -
The precious metal Au&Ag commodities -
with the basket of natural resources -
has only traded back to its lower LT Trend Line -
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 -
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 -
The precious metal Au&Ag commodities -
with the basket of natural resources -
has only traded back to its lower LT Trend Line -
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 -
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.
Silver Default Looming? -
June 12, 2006
In last week’s article, "Proving the Silver Manipulation Again," I highlighted the growing and extremely large concentrated position of the largest short traders (compared to the largest long traders) on the COMEX silver market. I based all my analysis on source data contained in the Commitment of Traders Report (COT) as of May 30, 2006. My intent was to show how the evidence constituted reasonable grounds for an immediate investigation into possible manipulation. I directed this information to the new chairmen of the Commodity Futures Trading Commission (CFTC) and the NYMEX/COMEX, as did many of you, with the expectation that they would explain and/or rectify the situation.
The just released COT, for positions held as of June 6, 2006, shocked and dismayed me. Not only did it confirm my contention that the largest short traders on the COMEX continued (and actually increased) their dominance over long traders by excessive concentration, the new COT contained data that was so disturbing that it raised the possibility of a looming default in COMEX silver. At a minimum, the new data fully explains the recent sharp sell-offs in silver and strengthens my allegations of a downward price manipulation.
What makes the new data so disturbing is that it may indicate that a couple or even just one of the very largest short traders may have become isolated from the rest of the dealer short community and has turned into a rogue trader seeking to intentionally drive prices down to reduce economic loss or to acquire silver on the cheap in other markets. While the dealer community, as a whole, aggressively bought back and covered short positions on the price decline in silver (as expected), the very largest trader(s) actually increased short positions on the decline. This is unprecedented.
And for those confused as to why silver prices have been so weak, the COT report should provide an answer. The largest trader(s) have been selling whenever the market is most illiquid (on the electronic Access market on off-hours and regular session openings and closings) to cause the biggest price declines. It is predatory pricing at its most extreme, designed to cause liquidation from leveraged long position holders. Unfortunately, it has had the intended effect, as leveraged longs have been flushed from the market. Needless to say, this violates commodity law.
Most importantly, the new short selling by the largest trader, on severe price declines, provides prima facie evidence of manipulation. Previously, short selling by the commercials only occurred on price rallies. As such, such selling could fit into the category of market making (a separate issue which may violate commodity law). But with new shorting on severe price declines, all pretense of "normal" selling goes out the window. The selling by the largest trader is clearly designed to cause further price declines. More compelling evidence of manipulation is hard to find.
Let’s look at the data. The current COT shows that the reporting commercials reduced their total net short position by 5300 contracts, principally by an increase in their gross long position. Even the traders identified as the largest 5 through 8 traders reduced their net short position by roughly 2000 contracts. But the traders identified as the largest 4 or less traders actually increased their net short position by 1200 contracts. As a result, the 4 or less largest traders hold a more concentrated position, relative to long traders, other commercials in total and the 5 through 8 traders, than at any time in history.
The change in the actual numbers of contracts in any one-week is not so important as is the behavior and intent of the largest traders that those changes may reveal. It is clear from the ongoing data that the dealers as a whole are running from the short side of silver, while the very largest trader(s) is selling more. I repeat, this has never happened before and should be a significant signal to the CFTC that something is very wrong.
Starting with the COT report of February 28th, the concentration ratios showed that for every net short contract held by the 5th through 8th largest trader, 1.96 net short contracts were held by the 1st through 4th largest traders. Since that time, this relationship has changed. With the last report we now see that for every Net short contract held by the 5th through 8th largest traders, there are now a staggering 4.45 contracts held by the 1st through 4th largest traders. The following graph illustrates this increasing concentration of short interest on the part of a very small number of traders:
In other words, the 4 or less largest traders have more than doubled their concentrated short position relative to the next 4 largest traders during this time period. (Special thanks to Carl Loeb for the graphics and other important contributions for this article).
As previously noted, the fact that a concentrated position exists does not in and of itself mean that a price manipulation is occurring. However, it is also true that without position concentration, manipulation is impossible. This is presumably why the CFTC publishes the concentration ratios for the 8 largest traders – so that when concentrations begin to occur, they can serve as a "red flag" for regulators to make sure an illegal manipulation is not occurring.
Note that the graph shows that the majority of the increase in the concentration of the large trader(s) net short position occurred from May 9th on – precisely during a period of significant and relentless price declines when all other commercial traders were significantly reducing their short position and adding to their long position. A concentrated position either long or short can be an indication of intended manipulation. Such a concentration which drives the price in the direction of the concentrated position is a smoking gun that cannot in conscience be ignored by the exchange or the CFTC
The most recent COT reports provide stark confirmation that an unprecedented concentration of positions has occurred, is growing larger, and as a result, alarm bells and flashing red lights should be going off at the CFTC.
The 4 or less largest traders are now net short the equivalent of 187,625,000 ounces, or 37,525 futures contracts, an incredible 86% of the total net commercial short position. This is the highest percentage in history. Mathematically, this means that the 4 or less short traders also hold the offsetting and reciprocal 86% of the total net long position in the combined non-commercial plus the non-reportable categories. Please think about that. What it means is that 4 or less large traders are net short what many thousands of public participants hold net long. Literally, 4 traders short against the world. Or, perhaps more accurately, one main short against the world, with the other 3 traders in this reporting category holding much more modest net short positions more in line to those traders in the 5 through 8 largest trader group.
What does this unprecedented and verifiable concentrated short position, manipulative as I allege that it is, have to do with possible looming silver default? Here you must rely on your common sense. You must think of how this concentrated short position will be resolved.
As I have written previously, every short position is an open transaction that must someday be completed, or closed out. The completion can be by a delivery, in this case by actual silver, or by a repurchase, or buyback of the shorted contracts. This applies to the 187 million ounces held short by the 4 or less largest traders. If, in fact, these traders do hold 187 million ounces of real silver that they intend to deliver, then there is no default looming. But that still doesn’t mean they are not guilty of manipulation and predatory pricing, as the ownership of a large quantity of a commodity does not allow one to dominate and manipulate a market, according to commodity law.
If these traders do not own the actual silver, however, in addition to price manipulation, the specter of disorderly pricing and/or default becomes more likely. These large traders are clearly influencing prices to the downside and it stands to reason they will influence prices to the upside if and when they reverse course. First, manipulation to the downside, then disorderly pricing to the upside. That’s pretty ugly from a regulatory perspective. But there’s even an uglier outcome – an actual default on the COMEX silver contract by repudiating those contracts through bankruptcy.
Of the 187 million ounces held short by the four or less traders, I am now convinced, from studying the data, that anywhere from 100 to 125 million is held by just one trader. It is looking more likely that this could be a rogue trader, selling more in order to buy time, although he’s probably already in too deep. The other dealers are realizing this and they are moving to buy back their short positions and going long, leaving new selling solely to the big short. Recent history is replete with examples of this type of behavior. For instance, rogue traders from the Peoples Republic of China have emerged in both oil and copper in the past couple of years. Why not silver? While I certainly wouldn’t be surprised if it turns out to be a rogue trader from the PROC behind the concentrated silver short selling, the who is not important. What is most important to the market is that rogue traders eventually default, and the default causes chaos
I know I can’t blame the officials from the CFTC and the COMEX if they do not want to hear from me. What institution wants to hear from a critic, especially an outsider? But I know I may be doing them a favor, by alerting them to a very serious potential problem. Given the current concentration of a short position well in excess of all COMEX inventories (certainly not all of which is available for delivery), the risk of a default in COMEX silver by the largest and most concentrated trader looms large. Innocent bystanders, from clearing member firms to ordinary seat holders and traders, and employees of all types would suffer in a silver default. Default is the worst possible thing that could happen to any exchange or market. A default would make the thought of the NYMEX going public a sick joke, even sicker than Refco’s public offering turned out to be.
The last thing I wish to witness is a default in COMEX silver. In the spirit of averting such a terrible occurrence, I’ll even offer a constructive solution for preventing such an outcome. Exchange and regulatory officials should insist, just for the most concentrated short traders, that for every contract not certified to be backed by readily deliverable silver, the full contract value be maintained as surety the position can be settled without disrupting the common good and damaging the ordinary investors the CFTC was created to protect.
Just so no one misinterprets my words, this default potential is the most bullish development possible for the price of silver and those holding real silver positions. It introduces a bullish factor beyond description, as and when this concentrated short position is resolved. Please allow me to leave it at that, as I don’t want to detract from my message to the regulators by speaking of the investment merits of silver.
I know that the issues I raise are serious and the regulators will respond, as they always do. However, the last time I petitioned them, with your help, we had to wait five months and wade through 9 pages of convoluted and misleading denials. The current situation in silver is an emergency. It is a crime in progress. The big short is forcing the market sharply and intentionally lower by building on an already heavily concentrated short position as is clearly evident from the CFTC’s own published data. This serves no sound general economic purpose, and may only serve to delay a terrible day of reckoning, which when it comes, may be a very ugly event for the exchange, its trustees and the CFTC.
The regulators from the CFTC and the NYMEX/COMEX must immediately intercede to halt the manipulative behavior of the concentrated short trader(s) and take measures to protect the market from default. Or explain, in a timely manner, why their published data is not indicating a manipulative and dangerous concentration not seen since the days of the Hunt Brothers.
I have sent this article to the new chairmen of the CFTC and the NYMEX/COMEX, with a cover letter asking that they look into and respond to this issue. Generally speaking, there is a better chance of a timely response if many people contact them. If you do decide to contact them, please feel free to send my article.
By Theodore Butler
http://www.investmentrarities.com/tb-archives.html
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 - Point and Figure
Charts - Gold POG -
Est. 1864 - Gold & Silver -
Precious Metals Mines -
FMNJ - POG - Gold low $562.00 -
- Well the P&F did call POG $560.00 -
since Gold POG was above $700.00 -
http://stockcharts.com/gallery/?$GOLD
its some advantages of Point and Figure
charting -
the trading signals are more precise on -
Point and Figure Charts - than on bar charts -
its very interesting that the Stockchart -
Point and Figure Chart - calling the -
FMNJ Bullish Price Objective $2.19 -
http://stockcharts.com/gallery/?fmnj
FMNJ - TA oversold - undervalued - to continues -
the LT Bull Trend started -
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 - Point and Figure
Charts - Gold POG -
Est. 1864 - Gold & Silver -
Precious Metals Mines -
FMNJ - POG - Gold low $562.00 -
FA - Well the P&F did call POG $560.00 -
since Gold POG was above $700.00 -
http://stockcharts.com/gallery/?$GOLD
its some advantages of Point and Figure
charting -
the trading signals are more precise on -
Point and Figure Charts - than on bar charts -
its very interesting that the Stockchart -
Point and Figure Chart - calling the -
FMNJ Bullish Price Objective $2.19 -
http://stockcharts.com/gallery/?fmnj
FMNJ - TA oversold - undervalued - to continues -
the LT Bull Trend started -
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 - Point and Figure
Charts - Gold POG -
Est. 1864 - Gold & Silver -
Precious Metals Mines -
FMNJ - POG - Gold low $562.00 -
FA - Well the P&F did call POG $560.00 -
since Gold POG was above $700.00 -
http://stockcharts.com/gallery/?$GOLD
its some advantages of Point and Figure
charting -
the trading signals are more precise on -
Point and Figure Charts - than on bar charts -
its very interesting that the Stockchart -
Point and Figure Chart - calling the -
FMNJ Bullish Price Objective $2.19 -
http://stockcharts.com/gallery/?fmnj
FMNJ - TA oversold - undervalued - to continues -
the LT Bull Trend started -
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.
Silver Default Looming? -
June 12, 2006
In last week’s article, "Proving the Silver Manipulation Again," I highlighted the growing and extremely large concentrated position of the largest short traders (compared to the largest long traders) on the COMEX silver market. I based all my analysis on source data contained in the Commitment of Traders Report (COT) as of May 30, 2006. My intent was to show how the evidence constituted reasonable grounds for an immediate investigation into possible manipulation. I directed this information to the new chairmen of the Commodity Futures Trading Commission (CFTC) and the NYMEX/COMEX, as did many of you, with the expectation that they would explain and/or rectify the situation.
The just released COT, for positions held as of June 6, 2006, shocked and dismayed me. Not only did it confirm my contention that the largest short traders on the COMEX continued (and actually increased) their dominance over long traders by excessive concentration, the new COT contained data that was so disturbing that it raised the possibility of a looming default in COMEX silver. At a minimum, the new data fully explains the recent sharp sell-offs in silver and strengthens my allegations of a downward price manipulation.
What makes the new data so disturbing is that it may indicate that a couple or even just one of the very largest short traders may have become isolated from the rest of the dealer short community and has turned into a rogue trader seeking to intentionally drive prices down to reduce economic loss or to acquire silver on the cheap in other markets. While the dealer community, as a whole, aggressively bought back and covered short positions on the price decline in silver (as expected), the very largest trader(s) actually increased short positions on the decline. This is unprecedented.
And for those confused as to why silver prices have been so weak, the COT report should provide an answer. The largest trader(s) have been selling whenever the market is most illiquid (on the electronic Access market on off-hours and regular session openings and closings) to cause the biggest price declines. It is predatory pricing at its most extreme, designed to cause liquidation from leveraged long position holders. Unfortunately, it has had the intended effect, as leveraged longs have been flushed from the market. Needless to say, this violates commodity law.
Most importantly, the new short selling by the largest trader, on severe price declines, provides prima facie evidence of manipulation. Previously, short selling by the commercials only occurred on price rallies. As such, such selling could fit into the category of market making (a separate issue which may violate commodity law). But with new shorting on severe price declines, all pretense of "normal" selling goes out the window. The selling by the largest trader is clearly designed to cause further price declines. More compelling evidence of manipulation is hard to find.
Let’s look at the data. The current COT shows that the reporting commercials reduced their total net short position by 5300 contracts, principally by an increase in their gross long position. Even the traders identified as the largest 5 through 8 traders reduced their net short position by roughly 2000 contracts. But the traders identified as the largest 4 or less traders actually increased their net short position by 1200 contracts. As a result, the 4 or less largest traders hold a more concentrated position, relative to long traders, other commercials in total and the 5 through 8 traders, than at any time in history.
The change in the actual numbers of contracts in any one-week is not so important as is the behavior and intent of the largest traders that those changes may reveal. It is clear from the ongoing data that the dealers as a whole are running from the short side of silver, while the very largest trader(s) is selling more. I repeat, this has never happened before and should be a significant signal to the CFTC that something is very wrong.
Starting with the COT report of February 28th, the concentration ratios showed that for every net short contract held by the 5th through 8th largest trader, 1.96 net short contracts were held by the 1st through 4th largest traders. Since that time, this relationship has changed. With the last report we now see that for every Net short contract held by the 5th through 8th largest traders, there are now a staggering 4.45 contracts held by the 1st through 4th largest traders. The following graph illustrates this increasing concentration of short interest on the part of a very small number of traders:
In other words, the 4 or less largest traders have more than doubled their concentrated short position relative to the next 4 largest traders during this time period. (Special thanks to Carl Loeb for the graphics and other important contributions for this article).
As previously noted, the fact that a concentrated position exists does not in and of itself mean that a price manipulation is occurring. However, it is also true that without position concentration, manipulation is impossible. This is presumably why the CFTC publishes the concentration ratios for the 8 largest traders – so that when concentrations begin to occur, they can serve as a "red flag" for regulators to make sure an illegal manipulation is not occurring.
Note that the graph shows that the majority of the increase in the concentration of the large trader(s) net short position occurred from May 9th on – precisely during a period of significant and relentless price declines when all other commercial traders were significantly reducing their short position and adding to their long position. A concentrated position either long or short can be an indication of intended manipulation. Such a concentration which drives the price in the direction of the concentrated position is a smoking gun that cannot in conscience be ignored by the exchange or the CFTC
The most recent COT reports provide stark confirmation that an unprecedented concentration of positions has occurred, is growing larger, and as a result, alarm bells and flashing red lights should be going off at the CFTC.
The 4 or less largest traders are now net short the equivalent of 187,625,000 ounces, or 37,525 futures contracts, an incredible 86% of the total net commercial short position. This is the highest percentage in history. Mathematically, this means that the 4 or less short traders also hold the offsetting and reciprocal 86% of the total net long position in the combined non-commercial plus the non-reportable categories. Please think about that. What it means is that 4 or less large traders are net short what many thousands of public participants hold net long. Literally, 4 traders short against the world. Or, perhaps more accurately, one main short against the world, with the other 3 traders in this reporting category holding much more modest net short positions more in line to those traders in the 5 through 8 largest trader group.
What does this unprecedented and verifiable concentrated short position, manipulative as I allege that it is, have to do with possible looming silver default? Here you must rely on your common sense. You must think of how this concentrated short position will be resolved.
As I have written previously, every short position is an open transaction that must someday be completed, or closed out. The completion can be by a delivery, in this case by actual silver, or by a repurchase, or buyback of the shorted contracts. This applies to the 187 million ounces held short by the 4 or less largest traders. If, in fact, these traders do hold 187 million ounces of real silver that they intend to deliver, then there is no default looming. But that still doesn’t mean they are not guilty of manipulation and predatory pricing, as the ownership of a large quantity of a commodity does not allow one to dominate and manipulate a market, according to commodity law.
If these traders do not own the actual silver, however, in addition to price manipulation, the specter of disorderly pricing and/or default becomes more likely. These large traders are clearly influencing prices to the downside and it stands to reason they will influence prices to the upside if and when they reverse course. First, manipulation to the downside, then disorderly pricing to the upside. That’s pretty ugly from a regulatory perspective. But there’s even an uglier outcome – an actual default on the COMEX silver contract by repudiating those contracts through bankruptcy.
Of the 187 million ounces held short by the four or less traders, I am now convinced, from studying the data, that anywhere from 100 to 125 million is held by just one trader. It is looking more likely that this could be a rogue trader, selling more in order to buy time, although he’s probably already in too deep. The other dealers are realizing this and they are moving to buy back their short positions and going long, leaving new selling solely to the big short. Recent history is replete with examples of this type of behavior. For instance, rogue traders from the Peoples Republic of China have emerged in both oil and copper in the past couple of years. Why not silver? While I certainly wouldn’t be surprised if it turns out to be a rogue trader from the PROC behind the concentrated silver short selling, the who is not important. What is most important to the market is that rogue traders eventually default, and the default causes chaos
I know I can’t blame the officials from the CFTC and the COMEX if they do not want to hear from me. What institution wants to hear from a critic, especially an outsider? But I know I may be doing them a favor, by alerting them to a very serious potential problem. Given the current concentration of a short position well in excess of all COMEX inventories (certainly not all of which is available for delivery), the risk of a default in COMEX silver by the largest and most concentrated trader looms large. Innocent bystanders, from clearing member firms to ordinary seat holders and traders, and employees of all types would suffer in a silver default. Default is the worst possible thing that could happen to any exchange or market. A default would make the thought of the NYMEX going public a sick joke, even sicker than Refco’s public offering turned out to be.
The last thing I wish to witness is a default in COMEX silver. In the spirit of averting such a terrible occurrence, I’ll even offer a constructive solution for preventing such an outcome. Exchange and regulatory officials should insist, just for the most concentrated short traders, that for every contract not certified to be backed by readily deliverable silver, the full contract value be maintained as surety the position can be settled without disrupting the common good and damaging the ordinary investors the CFTC was created to protect.
Just so no one misinterprets my words, this default potential is the most bullish development possible for the price of silver and those holding real silver positions. It introduces a bullish factor beyond description, as and when this concentrated short position is resolved. Please allow me to leave it at that, as I don’t want to detract from my message to the regulators by speaking of the investment merits of silver.
I know that the issues I raise are serious and the regulators will respond, as they always do. However, the last time I petitioned them, with your help, we had to wait five months and wade through 9 pages of convoluted and misleading denials. The current situation in silver is an emergency. It is a crime in progress. The big short is forcing the market sharply and intentionally lower by building on an already heavily concentrated short position as is clearly evident from the CFTC’s own published data. This serves no sound general economic purpose, and may only serve to delay a terrible day of reckoning, which when it comes, may be a very ugly event for the exchange, its trustees and the CFTC.
The regulators from the CFTC and the NYMEX/COMEX must immediately intercede to halt the manipulative behavior of the concentrated short trader(s) and take measures to protect the market from default. Or explain, in a timely manner, why their published data is not indicating a manipulative and dangerous concentration not seen since the days of the Hunt Brothers.
I have sent this article to the new chairmen of the CFTC and the NYMEX/COMEX, with a cover letter asking that they look into and respond to this issue. Generally speaking, there is a better chance of a timely response if many people contact them. If you do decide to contact them, please feel free to send my article.
By Theodore Butler
http://www.investmentrarities.com/tb-archives.html
Franklin Mining - FMNJ - P&F - Price Objective $2.19 -
FMNJ - TA oversold - undervalued - to continues -
the LT Bull Trend started -
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.
Silver Default Looming? -
June 12, 2006
In last week’s article, "Proving the Silver Manipulation Again," I highlighted the growing and extremely large concentrated position of the largest short traders (compared to the largest long traders) on the COMEX silver market. I based all my analysis on source data contained in the Commitment of Traders Report (COT) as of May 30, 2006. My intent was to show how the evidence constituted reasonable grounds for an immediate investigation into possible manipulation. I directed this information to the new chairmen of the Commodity Futures Trading Commission (CFTC) and the NYMEX/COMEX, as did many of you, with the expectation that they would explain and/or rectify the situation.
The just released COT, for positions held as of June 6, 2006, shocked and dismayed me. Not only did it confirm my contention that the largest short traders on the COMEX continued (and actually increased) their dominance over long traders by excessive concentration, the new COT contained data that was so disturbing that it raised the possibility of a looming default in COMEX silver. At a minimum, the new data fully explains the recent sharp sell-offs in silver and strengthens my allegations of a downward price manipulation.
What makes the new data so disturbing is that it may indicate that a couple or even just one of the very largest short traders may have become isolated from the rest of the dealer short community and has turned into a rogue trader seeking to intentionally drive prices down to reduce economic loss or to acquire silver on the cheap in other markets. While the dealer community, as a whole, aggressively bought back and covered short positions on the price decline in silver (as expected), the very largest trader(s) actually increased short positions on the decline. This is unprecedented.
And for those confused as to why silver prices have been so weak, the COT report should provide an answer. The largest trader(s) have been selling whenever the market is most illiquid (on the electronic Access market on off-hours and regular session openings and closings) to cause the biggest price declines. It is predatory pricing at its most extreme, designed to cause liquidation from leveraged long position holders. Unfortunately, it has had the intended effect, as leveraged longs have been flushed from the market. Needless to say, this violates commodity law.
Most importantly, the new short selling by the largest trader, on severe price declines, provides prima facie evidence of manipulation. Previously, short selling by the commercials only occurred on price rallies. As such, such selling could fit into the category of market making (a separate issue which may violate commodity law). But with new shorting on severe price declines, all pretense of "normal" selling goes out the window. The selling by the largest trader is clearly designed to cause further price declines. More compelling evidence of manipulation is hard to find.
Let’s look at the data. The current COT shows that the reporting commercials reduced their total net short position by 5300 contracts, principally by an increase in their gross long position. Even the traders identified as the largest 5 through 8 traders reduced their net short position by roughly 2000 contracts. But the traders identified as the largest 4 or less traders actually increased their net short position by 1200 contracts. As a result, the 4 or less largest traders hold a more concentrated position, relative to long traders, other commercials in total and the 5 through 8 traders, than at any time in history.
The change in the actual numbers of contracts in any one-week is not so important as is the behavior and intent of the largest traders that those changes may reveal. It is clear from the ongoing data that the dealers as a whole are running from the short side of silver, while the very largest trader(s) is selling more. I repeat, this has never happened before and should be a significant signal to the CFTC that something is very wrong.
Starting with the COT report of February 28th, the concentration ratios showed that for every net short contract held by the 5th through 8th largest trader, 1.96 net short contracts were held by the 1st through 4th largest traders. Since that time, this relationship has changed. With the last report we now see that for every Net short contract held by the 5th through 8th largest traders, there are now a staggering 4.45 contracts held by the 1st through 4th largest traders. The following graph illustrates this increasing concentration of short interest on the part of a very small number of traders:
In other words, the 4 or less largest traders have more than doubled their concentrated short position relative to the next 4 largest traders during this time period. (Special thanks to Carl Loeb for the graphics and other important contributions for this article).
As previously noted, the fact that a concentrated position exists does not in and of itself mean that a price manipulation is occurring. However, it is also true that without position concentration, manipulation is impossible. This is presumably why the CFTC publishes the concentration ratios for the 8 largest traders – so that when concentrations begin to occur, they can serve as a "red flag" for regulators to make sure an illegal manipulation is not occurring.
Note that the graph shows that the majority of the increase in the concentration of the large trader(s) net short position occurred from May 9th on – precisely during a period of significant and relentless price declines when all other commercial traders were significantly reducing their short position and adding to their long position. A concentrated position either long or short can be an indication of intended manipulation. Such a concentration which drives the price in the direction of the concentrated position is a smoking gun that cannot in conscience be ignored by the exchange or the CFTC
The most recent COT reports provide stark confirmation that an unprecedented concentration of positions has occurred, is growing larger, and as a result, alarm bells and flashing red lights should be going off at the CFTC.
The 4 or less largest traders are now net short the equivalent of 187,625,000 ounces, or 37,525 futures contracts, an incredible 86% of the total net commercial short position. This is the highest percentage in history. Mathematically, this means that the 4 or less short traders also hold the offsetting and reciprocal 86% of the total net long position in the combined non-commercial plus the non-reportable categories. Please think about that. What it means is that 4 or less large traders are net short what many thousands of public participants hold net long. Literally, 4 traders short against the world. Or, perhaps more accurately, one main short against the world, with the other 3 traders in this reporting category holding much more modest net short positions more in line to those traders in the 5 through 8 largest trader group.
What does this unprecedented and verifiable concentrated short position, manipulative as I allege that it is, have to do with possible looming silver default? Here you must rely on your common sense. You must think of how this concentrated short position will be resolved.
As I have written previously, every short position is an open transaction that must someday be completed, or closed out. The completion can be by a delivery, in this case by actual silver, or by a repurchase, or buyback of the shorted contracts. This applies to the 187 million ounces held short by the 4 or less largest traders. If, in fact, these traders do hold 187 million ounces of real silver that they intend to deliver, then there is no default looming. But that still doesn’t mean they are not guilty of manipulation and predatory pricing, as the ownership of a large quantity of a commodity does not allow one to dominate and manipulate a market, according to commodity law.
If these traders do not own the actual silver, however, in addition to price manipulation, the specter of disorderly pricing and/or default becomes more likely. These large traders are clearly influencing prices to the downside and it stands to reason they will influence prices to the upside if and when they reverse course. First, manipulation to the downside, then disorderly pricing to the upside. That’s pretty ugly from a regulatory perspective. But there’s even an uglier outcome – an actual default on the COMEX silver contract by repudiating those contracts through bankruptcy.
Of the 187 million ounces held short by the four or less traders, I am now convinced, from studying the data, that anywhere from 100 to 125 million is held by just one trader. It is looking more likely that this could be a rogue trader, selling more in order to buy time, although he’s probably already in too deep. The other dealers are realizing this and they are moving to buy back their short positions and going long, leaving new selling solely to the big short. Recent history is replete with examples of this type of behavior. For instance, rogue traders from the Peoples Republic of China have emerged in both oil and copper in the past couple of years. Why not silver? While I certainly wouldn’t be surprised if it turns out to be a rogue trader from the PROC behind the concentrated silver short selling, the who is not important. What is most important to the market is that rogue traders eventually default, and the default causes chaos
I know I can’t blame the officials from the CFTC and the COMEX if they do not want to hear from me. What institution wants to hear from a critic, especially an outsider? But I know I may be doing them a favor, by alerting them to a very serious potential problem. Given the current concentration of a short position well in excess of all COMEX inventories (certainly not all of which is available for delivery), the risk of a default in COMEX silver by the largest and most concentrated trader looms large. Innocent bystanders, from clearing member firms to ordinary seat holders and traders, and employees of all types would suffer in a silver default. Default is the worst possible thing that could happen to any exchange or market. A default would make the thought of the NYMEX going public a sick joke, even sicker than Refco’s public offering turned out to be.
The last thing I wish to witness is a default in COMEX silver. In the spirit of averting such a terrible occurrence, I’ll even offer a constructive solution for preventing such an outcome. Exchange and regulatory officials should insist, just for the most concentrated short traders, that for every contract not certified to be backed by readily deliverable silver, the full contract value be maintained as surety the position can be settled without disrupting the common good and damaging the ordinary investors the CFTC was created to protect.
Just so no one misinterprets my words, this default potential is the most bullish development possible for the price of silver and those holding real silver positions. It introduces a bullish factor beyond description, as and when this concentrated short position is resolved. Please allow me to leave it at that, as I don’t want to detract from my message to the regulators by speaking of the investment merits of silver.
I know that the issues I raise are serious and the regulators will respond, as they always do. However, the last time I petitioned them, with your help, we had to wait five months and wade through 9 pages of convoluted and misleading denials. The current situation in silver is an emergency. It is a crime in progress. The big short is forcing the market sharply and intentionally lower by building on an already heavily concentrated short position as is clearly evident from the CFTC’s own published data. This serves no sound general economic purpose, and may only serve to delay a terrible day of reckoning, which when it comes, may be a very ugly event for the exchange, its trustees and the CFTC.
The regulators from the CFTC and the NYMEX/COMEX must immediately intercede to halt the manipulative behavior of the concentrated short trader(s) and take measures to protect the market from default. Or explain, in a timely manner, why their published data is not indicating a manipulative and dangerous concentration not seen since the days of the Hunt Brothers.
I have sent this article to the new chairmen of the CFTC and the NYMEX/COMEX, with a cover letter asking that they look into and respond to this issue. Generally speaking, there is a better chance of a timely response if many people contact them. If you do decide to contact them, please feel free to send my article.
By Theodore Butler
http://www.investmentrarities.com/tb-archives.html
Franklin Mining - FMNJ - P&F - Price Objective $2.19 -
FMNJ - TA oversold - undervalued - to continues -
the LT Bull Trend started -
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.
POG Price of Gold made a bottom -
Franklin Mining - FMNJ - Gold POG -
Est. 1864 - Gold & Silver -
Precious Metals Mines -
FMNJ - POG - Gold low $562.00 -
Gold P&F called for objective POG $560.00
FMNJ - P&F is very close to the bottom Fib. -
POG - price objective.
Franklin Mining - FMNJ - P&F - Price Objective $2.19 -
FMNJ - TA oversold - undervalued - to continues -
the LT Bull Trend started -
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 - POG - Gold low $562.00 -
Gold P&F called for objective POG $560.00
FMNJ - P&F is very close to the bottom Fib. -
POG - price objective.
Franklin Mining - FMNJ - P&F - Price Objective $2.19 -
FMNJ - TA oversold - undervalued - to continues -
the LT Bull Trend started -
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 - POG - Gold low $562.00 -
Gold P&F called for objective POG $560.00
FMNJ - P&F is very close to the bottom Fib. -
POG - price objective.
Franklin Mining - FMNJ - P&F - Price Objective $2.19 -
FMNJ - TA oversold - undervalued - to continues -
the LT Bull Trend started -
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 - POG - Gold low $562.00 -
Gold P&F called for objective POG $560.00
FMNJ - P&F is very close to the bottom Fib. -
POG - price objective.
Franklin Mining - FMNJ - P&F - Price Objective $2.19 -
FMNJ - TA oversold - undervalued - to continues -
the LT Bull Trend started -
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.
Unico Incorporated - (OTCBB:UNCN)
Jun 13, 2006 (M2 PRESSWIRE via COMTEX) --
Unico Incorporated -
(OTCBB:UNCN), is a company that a research team will
be tracking over the ensuing weeks.
They recently came out with a significant corporate
development, causing a market stir.
The BWR Research Team will continue to bring its
cutting edge research tools, and second to none
customer service.
Unico Incorporated -
which focuses on the production of ores and PM -
precious metals in the U.S., earlier this morning
announced that they have initiated independent
geological core logging and splitting verification
on samples taken from the underground diamond core
drilling program conducted at -
The Deer Trail Gold & Silver Mine in 2005.
Photographs of the core logging and splitting,
which was undertaken by consulting geologist -
Alex Scarbrough, who was assigned to the project -
by mining industry consultancy firm Behre Dolbear -
to the Deer Trail Mine project -
have been added to the Unico website at -
http://www.uncn.com
A new picture gallery that shows the core logging
and splitting work has been added to the "Media"
section at -
http://www.uncn.com/news/othermedia.asp.
Included in Mr. Scarborough's initial work at -
The Deer Trail Mine -
is the logging and splitting of the core samples,
and identification of areas of mineralization from
the Phase II underground diamond core drilling
program.
From preliminary reports, logging is now complete
on 4 holes, UDDH #1 (740 ft),
UDDH #5 (664 ft), UDDH #11 (454 ft) and
UDDH #12 (355 ft).
This is a total of 2,213 feet logged independently
thus far.
Core splitting has also been initiated simultaneously
in identified mineralized intervals on hole UDDH #1.
Areas being identified of interest to potentially
contain base and precious metal content will be sent
out for further assay analysis to ALS Chemex -
for verification.
The primary objective of the Phase II underground -
diamond core drilling program was to target known
mineralized horizons and discover new horizons of
mineralization in and around the main ore channel
of the Deer Trail Mine.
7,235 feet of drill core was taken from 13 underground
holes during the diamond core drilling phase completed
by Connors Drilling, LLC.
Behre Dolbear was contracted to perform the geological
core logging and splitting verification on the samples
before they are sent to ALS Chemex for analysis.
"We are pleased to have Behre Dolbear & Company (USA)
working now on-site conducting the geological analysis
of core taken from the Phase II drilling program
at the Deer Trail Mine,"
stated Mark A. Lopez, chief executive officer of
Unico, Inc.
"This valuable data will help provide the framework
to support future mining efforts and potential mineral
targets, and hopefully lead us toward a possible
reserve calculation to provide additional value to -
The Deer Trail Mine."
Earlier this week, the company announced that ALS
Chemex has agreed to conduct the independent analysis
and certification final results for the core samples
taken from the Phase II underground exploratory
drilling project at the Deer Trail Mine.
In excess of 7,000 feet of drill core was taken from
13 underground holes during the diamond core drilling
phase completed by Connors Drilling, LLC in 2005.
Preeminent mining industry consultancy firm
Behre Dolbear has been contracted to perform the
geological core logging and spitting verification
on the samples before they are sent to ALS Chemex
for analysis.
"We worked with ALS Chemex on the analysis of our
Phase I reverse circulation drill program in 2004,
and we are extremely pleased to have them on board
to analyze our assay results on Phase II as well,"
stated Mark A. Lopez, chief executive officer of
Unico, Inc.
"Unico strives to establish relationships with
reputable and well-regarded companies in the mining
industry, and ALS Chemex, with its reputation for
excellence in analytical services over the past three
decades, is clearly no exception.
Not only are they a trustworthy worldwide name in
the field of geochemical and mineral analysis, but
they are also known to provide one of the highest
levels of quality assurance and quality control in
the industry."
Unico Incorporated is currently trading back up
nearly 12% to $0.002, on decent volume of
over 30 million.
This company has tons if potential yet continues to
get batted around as they have not yet been able to p
rove themselves.
It will be very interesting to see the results which
ALS Chemex provides investors with from the Phase II
underground exploratory drilling project at
the Deer Trail Mine.
The ball seems to be rolling now as progress is being
made.
The BWR Research Team will continue to track the
developments surrounding Unico Incorporated -
Well UNCN has so much great Gold & Silver
mines restarting - no debt -
its trading at a very oversold/undervalue -
the great UNCN hard assets are plentiful -
Unico Inc - UNCN - Gold Stock Ready to Grow -
• Unico - Gold Stock Ready to Grow -
- UNCN -
http://finance.yahoo.com/q/h?s=UNCN.OB
- Deer Trail Mining Company, LLC -
will begin processing current stockpiles and sell
the concentrates in fulfillment of the company's
five-year purchase contract with PGM, LLC,
a private subsidiary of Polymet Corporation.
Terms of the agreement include a monthly purchase
quantity of 150 tons for the first 6-9 months
and increases to 300 tons through the duration
of the five-year term.
Unico has estimated that the gross cash flow -
produced from this contract could range from -
- $125,000 up to $450,000 per month.
Included in recently completed construction is
additional progress on a new control room,
updated communications infrastructure,
and a new catwalk that extends -
from the observation deck -
to the proposed flotation deck.
After further engineering review -
and millwright work, it was also determined
that it would be more advantageous not to modify
the ball-mill -
from a grate-discharge to a pass-through
open-discharge mill.
As a result, the existing format will be -
maintained, but the system will be made more -
durable and its functionality improved.
New rubber ball mill liners
and grate assembly have been ordered,
and Weir Minerals North America Rubber Engineering
(www.weirminerals.com) has initiated -
the engineering and fabricating work.
After being supplied with the forms and tooling
for the specific ball-mill, Weir Minerals -
completed their on-site inspection -
of final sizing and measurements to begin fabrication.
"We are making excellent progress at -
The Deer Trail Gold & Silver Mill -
and processing facility and are pleased -
at how well the upgrades are going thus far,"
said Mark A. Lopez,
chief executive officer of
Unico, Inc.
"It was decided, after consulting with
Jean Duvall, the millwright working on
the upgrades at the Deer Trail facility,
that changing the ball-mill from a
grate-discharge to a pass-through
open-discharge mill would entail
additional risk we are not willing
to take on.
As we move forward, we will continue
to evaluate further changes and upgrades,
but we are confident that this course
is best at this time."
The ongoing reconstruction will become more
visible though a series of photographs
that Unico expects to make available
on its website -
http://www.uncn.com,
in the coming days.
"As part of revamping our website
to include the most current and complete
information on the company, we will
display a number of pictures that capture
the improvements underway at the mill
and processing facility.
Unico firmly believes that while the company's
most significant and long-term potential value
rests in its subsidiary mine properties,
the initiation of monthly revenues
from its current stockpiles will be
an important milestone in Unico's development.
To that end, we want our shareholders
to see this reconstruction work in progress,"
added Mr. Lopez.
To sign up to receive information by email
directly from Unico, Inc.
when new press releases,
SEC filings or other information is disclosed,
please visit -
http://www.uncn.com/IR/mailinglist.asp.
About Unico, Inc. -
Unico, Inc. -
(www.uncn.com) -
is a publicly traded natural
resource company in the precious metals mining
sector that is focused on the exploration,
development and production of -
Gold -
Silver -
Lead -
Zinc -
and Copper -
- concentrates at its three mine properties:
The Deer Trail Mine -
The Bromide Basin Mine -
and
The Silver Bell Mine.
Forward-Looking Statements
This news release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and such Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The company may experience significant fluctuations in operating results due to a number of economic, competitive and other factors. These factors could cause operation results to vary significantly from those in prior periods, and those projected in forward-looking statements. Information with respect to these factors which could materially affect the company and its operations are included on certain forms the company files with the Securities and Exchange Commission.
Contacts:
http://www.uncn.com
OTC Financial Network
Rick McCaffrey
781-444-6100, x625
Contact via http://www.marketwire.com/mw/emailprcntct?id=ADA0D09BB3DE9035
www.otcfn.com/uncn
SOURCE:
Unico, Inc.
CONTACT:
http://www.uncn.com
http://www.otcfn.com/uncn
Gemini Financial Communications for
Unico, Inc.
A. Beyer
951-587-8072
Contact via http://www.marketwire.com/mw/emailprcntct?id=31F90494DE1F9177
The Bonanza Gold-Silver Producer -
- 2006 Restarting Gold-Silver Mines Operations -
April 2006 - New Equipment Arriving at -
- The Deer Trail Mine Facility -
Free Gold - visible Gold - very rare and unique -
only occurre in a few Gold hardrock mines on the earth -
try to find any - they are the super rich -
kept in good standing for >100 years -
http://www.uncn.com/news/othermedia_gallery1.asp
http://finance.yahoo.com/q?s=UNCN.OB
Ps. always do your own dd...
Call the IR etc.
http://www.otcbb.com/asp/quote_module.asp?symbol=uncn
--
.
Unico Incorporated
(OTCBB:UNCN)
Jun 13, 2006 (M2 PRESSWIRE via COMTEX) --
Unico Incorporated -
(OTCBB:UNCN), is a company that a research team will
be tracking over the ensuing weeks.
They recently came out with a significant corporate
development, causing a market stir.
The BWR Research Team will continue to bring its
cutting edge research tools, and second to none
customer service.
Unico Incorporated -
which focuses on the production of ores and PM -
precious metals in the U.S., earlier this morning
announced that they have initiated independent
geological core logging and splitting verification
on samples taken from the underground diamond core
drilling program conducted at -
The Deer Trail Gold & Silver Mine in 2005.
Photographs of the core logging and splitting,
which was undertaken by consulting geologist -
Alex Scarbrough, who was assigned to the project -
by mining industry consultancy firm Behre Dolbear -
to the Deer Trail Mine project -
have been added to the Unico website at -
http://www.uncn.com
A new picture gallery that shows the core logging
and splitting work has been added to the "Media"
section at -
http://www.uncn.com/news/othermedia.asp.
Included in Mr. Scarborough's initial work at -
The Deer Trail Mine -
is the logging and splitting of the core samples,
and identification of areas of mineralization from
the Phase II underground diamond core drilling
program.
From preliminary reports, logging is now complete
on 4 holes, UDDH #1 (740 ft),
UDDH #5 (664 ft), UDDH #11 (454 ft) and
UDDH #12 (355 ft).
This is a total of 2,213 feet logged independently
thus far.
Core splitting has also been initiated simultaneously
in identified mineralized intervals on hole UDDH #1.
Areas being identified of interest to potentially
contain base and precious metal content will be sent
out for further assay analysis to ALS Chemex -
for verification.
The primary objective of the Phase II underground -
diamond core drilling program was to target known
mineralized horizons and discover new horizons of
mineralization in and around the main ore channel
of the Deer Trail Mine.
7,235 feet of drill core was taken from 13 underground
holes during the diamond core drilling phase completed
by Connors Drilling, LLC.
Behre Dolbear was contracted to perform the geological
core logging and splitting verification on the samples
before they are sent to ALS Chemex for analysis.
"We are pleased to have Behre Dolbear & Company (USA)
working now on-site conducting the geological analysis
of core taken from the Phase II drilling program
at the Deer Trail Mine,"
stated Mark A. Lopez, chief executive officer of
Unico, Inc.
"This valuable data will help provide the framework
to support future mining efforts and potential mineral
targets, and hopefully lead us toward a possible
reserve calculation to provide additional value to -
The Deer Trail Mine."
Earlier this week, the company announced that ALS
Chemex has agreed to conduct the independent analysis
and certification final results for the core samples
taken from the Phase II underground exploratory
drilling project at the Deer Trail Mine.
In excess of 7,000 feet of drill core was taken from
13 underground holes during the diamond core drilling
phase completed by Connors Drilling, LLC in 2005.
Preeminent mining industry consultancy firm
Behre Dolbear has been contracted to perform the
geological core logging and spitting verification
on the samples before they are sent to ALS Chemex
for analysis.
"We worked with ALS Chemex on the analysis of our
Phase I reverse circulation drill program in 2004,
and we are extremely pleased to have them on board
to analyze our assay results on Phase II as well,"
stated Mark A. Lopez, chief executive officer of
Unico, Inc.
"Unico strives to establish relationships with
reputable and well-regarded companies in the mining
industry, and ALS Chemex, with its reputation for
excellence in analytical services over the past three
decades, is clearly no exception.
Not only are they a trustworthy worldwide name in
the field of geochemical and mineral analysis, but
they are also known to provide one of the highest
levels of quality assurance and quality control in
the industry."
Unico Incorporated is currently trading back up
nearly 12% to $0.002, on decent volume of
over 30 million.
This company has tons if potential yet continues to
get batted around as they have not yet been able to p
rove themselves.
It will be very interesting to see the results which
ALS Chemex provides investors with from the Phase II
underground exploratory drilling project at
the Deer Trail Mine.
The ball seems to be rolling now as progress is being
made.
The BWR Research Team will continue to track the
developments surrounding Unico Incorporated -
Well UNCN has so much great Gold & Silver
mines restarting - no debt -
its trading at a very oversold/undervalue -
the great UNCN hard assets are plentiful -
Unico Inc - UNCN - Gold Stock Ready to Grow -
• Unico - Gold Stock Ready to Grow -
- UNCN -
http://finance.yahoo.com/q/h?s=UNCN.OB
- Deer Trail Mining Company, LLC -
will begin processing current stockpiles and sell
the concentrates in fulfillment of the company's
five-year purchase contract with PGM, LLC,
a private subsidiary of Polymet Corporation.
Terms of the agreement include a monthly purchase
quantity of 150 tons for the first 6-9 months
and increases to 300 tons through the duration
of the five-year term.
Unico has estimated that the gross cash flow -
produced from this contract could range from -
- $125,000 up to $450,000 per month.
Included in recently completed construction is
additional progress on a new control room,
updated communications infrastructure,
and a new catwalk that extends -
from the observation deck -
to the proposed flotation deck.
After further engineering review -
and millwright work, it was also determined
that it would be more advantageous not to modify
the ball-mill -
from a grate-discharge to a pass-through
open-discharge mill.
As a result, the existing format will be -
maintained, but the system will be made more -
durable and its functionality improved.
New rubber ball mill liners
and grate assembly have been ordered,
and Weir Minerals North America Rubber Engineering
(www.weirminerals.com) has initiated -
the engineering and fabricating work.
After being supplied with the forms and tooling
for the specific ball-mill, Weir Minerals -
completed their on-site inspection -
of final sizing and measurements to begin fabrication.
"We are making excellent progress at -
The Deer Trail Gold & Silver Mill -
and processing facility and are pleased -
at how well the upgrades are going thus far,"
said Mark A. Lopez,
chief executive officer of
Unico, Inc.
"It was decided, after consulting with
Jean Duvall, the millwright working on
the upgrades at the Deer Trail facility,
that changing the ball-mill from a
grate-discharge to a pass-through
open-discharge mill would entail
additional risk we are not willing
to take on.
As we move forward, we will continue
to evaluate further changes and upgrades,
but we are confident that this course
is best at this time."
The ongoing reconstruction will become more
visible though a series of photographs
that Unico expects to make available
on its website -
http://www.uncn.com,
in the coming days.
"As part of revamping our website
to include the most current and complete
information on the company, we will
display a number of pictures that capture
the improvements underway at the mill
and processing facility.
Unico firmly believes that while the company's
most significant and long-term potential value
rests in its subsidiary mine properties,
the initiation of monthly revenues
from its current stockpiles will be
an important milestone in Unico's development.
To that end, we want our shareholders
to see this reconstruction work in progress,"
added Mr. Lopez.
To sign up to receive information by email
directly from Unico, Inc.
when new press releases,
SEC filings or other information is disclosed,
please visit -
http://www.uncn.com/IR/mailinglist.asp.
About Unico, Inc. -
Unico, Inc. -
(www.uncn.com) -
is a publicly traded natural
resource company in the precious metals mining
sector that is focused on the exploration,
development and production of -
Gold -
Silver -
Lead -
Zinc -
and Copper -
- concentrates at its three mine properties:
The Deer Trail Mine -
The Bromide Basin Mine -
and
The Silver Bell Mine.
Forward-Looking Statements
This news release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and such Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The company may experience significant fluctuations in operating results due to a number of economic, competitive and other factors. These factors could cause operation results to vary significantly from those in prior periods, and those projected in forward-looking statements. Information with respect to these factors which could materially affect the company and its operations are included on certain forms the company files with the Securities and Exchange Commission.
Contacts:
http://www.uncn.com
OTC Financial Network
Rick McCaffrey
781-444-6100, x625
Contact via http://www.marketwire.com/mw/emailprcntct?id=ADA0D09BB3DE9035
www.otcfn.com/uncn
SOURCE:
Unico, Inc.
CONTACT:
http://www.uncn.com
http://www.otcfn.com/uncn
Gemini Financial Communications for
Unico, Inc.
A. Beyer
951-587-8072
Contact via http://www.marketwire.com/mw/emailprcntct?id=31F90494DE1F9177
The Bonanza Gold-Silver Producer -
- 2006 Restarting Gold-Silver Mines Operations -
April 2006 - New Equipment Arriving at -
- The Deer Trail Mine Facility -
Free Gold - visible Gold - very rare and unique -
only occurre in a few Gold hardrock mines on the earth -
try to find any - they are the super rich -
kept in good standing for >100 years -
http://www.uncn.com/news/othermedia_gallery1.asp
http://finance.yahoo.com/q?s=UNCN.OB
Ps. always do your own dd...
Call the IR etc.
http://www.otcbb.com/asp/quote_module.asp?symbol=uncn
--
.
San Gold Extends new Cartwright Zone to West -
http://www.sangoldcorp.com/index.php?option=com_content&task=view&id=56&Itemid=2
Merit Mining Corp. - Announces Key Appointments -
Merit Mining Corp. announces key appointments
TSX-V:MEM
VANCOUVER, May 11 /CNW/ -
Fred Sveinson, President & CEO, is pleased to announce
two key appointments -
William M. (Bill) Shaver as Chairman &
Director and Victor Wyprysky as Vice Chairman & Director.
- Bill Shaver, P. Eng. brings to the Company his
diversified expertise as a top mining executive.
In 1980 he co-founded Dynatec Mining Limited -
which became Dynatec Corporation
(TSX: DY) in 1997.
As Senior Vice President, he was responsible for
the Mining Division of Dynatec.
His experience spans mining operations,
strategic planning, project management,
new mines construction & development,
mine and property evaluation, mine &
production engineering, and mine safety.
Mr. Shaver is also the Chairman of -
The Mines and Aggregates Safety and Health
Association of Ontario.
- Victor Wyprysky is the managing principal of
Crescent Financial Corp.,
an investment advisory company.
Mr. Wyprysky has previously held
senior executive positions with three first
tier investment banking firms.
He also co-founded and was CEO of a
boutique investment firm for five years.
Mr. Wyprysky has led and facilitated over $3 billion
of financings and merger & acquisition transactions,
including resource and mining projects.
"These appointments", states Fred Sveinson,
"are key to Merit's vision of developing a
major international mining company.
Merit's current management -
looks forward to working with Bill and Victor.
They will add strength to the management team -
in the areas of acquisition, development,
operation and financing of mineral projects in
Canada and internationally.
Merit will now become more aggressive in its -
strategy to grow through joint ventures,
acquisitions, strategic alliances, exploration
and production."
The Company has granted 1,500,000 stock options
to directors of the Company, pursuant to
the Company's stock option plan,
exercisable prior to May 11, 2010, at
an exercise price of $0.40 per share.
On behalf of the Board of Directors
"Fred Sveinson"
Fred Sveinson, President & CEO
The statements made in this News Release
may contain certain forward-looking statements.
Actual events or results may differ from the Company's
expectations. Certain risk factors may also affect
the actual results achieved by the Company.
http://www.meritminingcorp.com/
.
Franklin Mining - FMNJ - Est. 1864 -
Gold & Silver Precious Metals Mines -
Silver has gained over 10% in the last 6 months -
from $10 to over $11/oz.
Silver has gained 49% over the last 12 months -
from $7.50 to $11.21/oz.
Those gains are so huge -
it must inevitably draw money away from bonds -
and into Silver (and Gold) stocks.
Silver stocks, on average -
have gained 57% since January 1, 2006.
We are in a bull market for silver, gold -
and many other metals.
Have you ever seen those guys who try to ride bulls?
They typically last only about 10 seconds before -
getting bucked off.
That's the job of a bull, to buck off -
those who attempt to ride it.
Bulls also gore people with their horns -
and use their horns to throw those bull riders -
into the air.
i see a spike on the gold and silver price charts -
that looks like a bull's horn.
It just gored all those who tried to use borrowed money -
to try to take advantage of the bull.
But the overall bullish trend is still solidly in place -
and the fundamentals are all still strongly in place -
or are getting better:
There is about $50 trillion in paper money in the world;
and about another $50 trillion in bonds;
for a total of about $100 trillion.
In contrast, all the gold in the world -
about 150,000 tonnes, or (4.6 billion oz.),
at $610/oz., is valued at $2.8 trillion dollars.
Clearly, since bonds & dollars are in a mortal -
competition with gold as money;
and since paper money is losing the battle
(as we are in a bull market for gold) -
the total value of paper money will be going down -
and the value of - Gold will be going up.
Due to how much paper money there is, one way -
to think of it is that the printers of paper -
fiat money have stolen each ounce of gold -
that exists 30 times over!
That kind of theft cannot be kept.
One explanation i've read that explains the current -
dip is that Japan is tightening money -
and raising interest rates above 0%.
So, people who had been borrowing yen -
to invest in gold, silver and commodities -
decided to sell commodities, to buy back yen -
to close out their "yen carry trades" before -
many others who will become increasingly -
compelled to do so.
But due to the small size of the gold market -
gold cannot truly be sold to raise funds -
to pay down debt.
There is more debt than can be paid back -
even if all the gold in the world were sold -
multiple times.
Interestingly, we can apply this principle -
to our own lives.
We gold and silver investors, who are sitting -
on gains and who are urgently telling family -
and friends about our recent success, undoubtedly -
have some family members who want us to help them -
by selling our silver;
and meanwhile, these people are carrying debt loads;
home mortgages and/or credit card bills.
Do not give them money to pay down debt, not yet.
Can you sell a $3 trillion market (gold) to raise -
the capital to pay back $50 trillion in debt? No!
Therefore, let your family and friends go bankrupt -
as will need to happen to wipe the debts clean.
Remember that the Bible says that all debts should -
be forgiven every 7 years, and every 50 years.
The rising gold price will ultimately wipe out dollar -
denominated debts, but not today, and not by selling -
gold at less than $30,000 to $100,000/oz.!
Remember also that the Bible says to not be a co-signer -
on a loan.
If other people have money troubles, and they are in debt;
remember that their money troubles are a natural result -
of their own actions;
they are reaping what they sowed, just as you have -
a right to reap what you have sown by investing -
in Gold and Silver.
(And it is not yet the time to reap in silver -
it remains the time to sow, and invest in silver!)
Our Christian responsibility is charity, yes.
But there is no need for us to think that we need -
to pay other people's debts.
If you must help out a person's need;
help their daily needs for daily work.
Or give them a nice meal -
provide for their needs for the day.
Charity, and love, also consists in telling -
the other person the hard truths of economic reality -
that they had been avoiding through their own -
monetary mismanagement, debt-enabled lifestyle,
and overspending.
One man told said, "If I was in gold, I'd sell -
and take the money, and run!".
i said, "Fine, but run to what?
You have to put your money somewhere -
what are you going to do, put dollars in the bank?
Dollars are going down, and bonds pay less than inflation.
i said, i already have money, and i have run, i've run -
to the real money Gold and Silver!"
i think that convinced him, he may look at the Gold.
Again, let me make the point.
Raising interest rates to 5-6% (which is still well below
inflation of 10%) is not nearly enough -
to pull substantial, real money -
out of gold and silver, that are going up -
by 30% to 50% per year.
Nor is there enough money in gold and silver -
from which to pull back into bonds!
Another factor to explain the recent dip in metals prices -
is that the certain central banks decided to sell more gold - to
calm down these markets.
But again, they cannot truly sell enough gold -
to break the back of this gold bull market.
The central banks probably only have about 15,000 tonnes
or less, whereas all the gold in the world is ten times
as much.
So, central banks have about $0.3 trillion worth of gold -
to sell to cap the price, whereas, in contrast -
the world has about $100 trillion worth of bonds -
and paper money to spend on Gold!
People buying Gold have 300 times more buying power -
than the central banks have selling power!
In the short run now, about a month after the launch -
the Silver ETF has just under 67 million ounces of silver -
and now trades at a 2% discount to the price of silver.
http://www.ishares.com/fund_info/detail.jhtml?symbol=SLV
This is down from about 74 million ounces a few weeks ago.
i had thought that the silver ETF could cause silver prices -
to jump as high as $35/oz. with about 30 days of the launch.
Obviously, 30 days later, this has not happened.
But the ETF remains as a doorway to billions of dollars -
that can now invest in silver.
The billions, trillion, have just not moved yet.
67 million oz. at $11/oz., is still just under $1 billion.
i've said that the silver price -
could quickly jump up to about $20/oz -
if one billion dollars went into buying silver.
By nearly hitting $15, i feel i was close -
but the current dip in silver is more of a mystery -
to me - nevertheless, it is a normal market fluctuation. Silver
was down 34% in April 2004 -
from $8.40 to $5.50, whereas right now -
silver is on a dip of about 25%.
In this time when many in the market are uncertain -
about the future prices of the metals
(i and many of my readers are not uncertain -
we know we are still headed way, way up, long term) -
i'd like to share with you two charts that are very clear;
even a 8 year old can see the trends in this charts:
the 6 month LME Zinc warehouse stocks -
and the 6 month price chart.
Zinc stockpiles are going down -
and prices are going up -
Warehouse stocks cut in half;
while prices doubled.
The real estate is natural assets like Gold and Silver -
which can't be printed, dublicated or made more of.
To combine the assets to the right timing -
and real estate properties containing Gold and Silver -
in rich Gold & Silver Mines -
is a great combination -
with oversold - undervalued -
Real Estate Hard Precious Assets -
to be unlocked at the right time and place -
to unlock the safest safety box in US -
will it be the combination - FMNJ - ? -
to some of the richest Gold and Silver Mines in
the US history -
Ps. always do your own dd...
Call the FMNJ - IR etc.
http://finance.yahoo.com/q/h?s=FMNJ.PK
The Bible does not condemn ownership of - Gold & Silver -
as these are truly the only Biblically approved forms -
of money according to Hebrew law -
and the metals are the very embodiment -
of *just weights and measures*.
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.