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I do hope that everyone knows that mining companies strategically mine their ores. They will not always go after the richest veins before other areas. They work with their assets. I would say with W&W knowledge this would hold true with ITRO as well.
Yeh, it is interesting how staking of "major" copper, gold, property showing similar characteristics as neighbor mine, would have no interest now. There is one here that has eyed the property. He has seen the process of ore extraction. He has seen the silver photo waste removal circuit.
There are those on other boards now that slam the company as a pump, dump. Slam the company as fraudulent. .....Where is the Pumping from the company? Normally a campaign to bring in the victims is pushed. Normally the plan would see volume. All we see is bashing at a steady drumbeat. The bashing has no effect on what investors do, and yet it continues.
Twilko, or $older:
At some point over the last couple years I remember reading that as part of the process to remove the metals from hazardous tailings piles, the remaining solution from the goo was used. Am I remembering correctly?
Once that process was complete and operational, the solution to excess from silver removal would be resolved would it not? At that point the Silver removal could be stepped up exponentially, as there would be an avenue for it's use.
I wonder how much a major copper company would be willing to pay for ITRO?
Wouldn't it be nice for them to get a real deal on those shares!
COPPER:
http://4.bp.blogspot.com/_vsQ_G2OOspQ/S6-J-F32xaI/AAAAAAAABp0/2aJYb5UqOc4/s1600/HG-1700-Copper-Long-Term-Chart-1970-2010.png
;)
FED:
http://2.bp.blogspot.com/_iHq-lv60La4/S4uBi0FBLQI/AAAAAAAAAFU/WtyqnCR558c/s320/person+behind+bars.jpgr
Or this:
http://wwwdelivery.superstock.com/WI/223/4039/PreviewComp/SuperStock_4039-91135.jpg
No mention was made in the press release of Silver collected through processing and not yet refined and sold. At this time of the season I would think there would be a certain amount of Silver caught in this stage of process and value would not show. Until refined there is no way to determine $value.
Copper?
http://stockcharts.com/h-sc/ui?s=$COPPER&p=W&b=5&g=0&id=p14190318857
As long as we have helicopter Ben chairing the FED, we can expect more money printing, and more appreciation in prices(Inflation).
These trades are like falling off a rock simple. Check out this chart or any chart of a commodity. Compare the start date of QEI, and QEII to same time and see the result.
ie early 09' for QEI, and ~August 10' for QEII. Price appreciation each time. This Bernank is making the wrong bet, and then doubling down on the same mistake.
Speaking of FED, I just can't believe he has not made a comment on this yet. Has he finally given up on shaking out shares here?
Drama in DC continues. More printing is assured. Still higher prices come.
Silver & Gold too. Silver still under heavy suppression. It will climb and eventually b/o of the control.
agNau
Did someone just flip that light switch? Interest from three of the largest copper miners?
Can't be! Where is FED? Yep, that mine is gonna add to the bottom line me thinks.
Thanks for the post $oldier.
ag
Hey poo,
What's goin on today?
http://www.kitco.com/charts/livegold.html
http://www.kitco.com/charts/livesilver.html
What is the underlying cause to these kind of movements?
I have to laugh sometimes.
It's like watching flies on a cow patty. Clueless.
Looking GREAT!
When you gonna start buying and stop bashing?
Let's see the money DOU.
I seriously can't wait for those buyers waiting for a bargain price to rush in and attempt to pickup blocks of ITRO. I will sit back and watch my shares appreciate as those bottom fishers watch as the price walks away.
ANY volume at all moves price. Good luck.
You need to check out the exchange margin requirement increase of 84%. This was an organized and deliberate smack down in my thought to create an atmosphere of deflation. Oil, Gold, Silver down.....Dollar up.
Check out the margin hikes, and also note that they have left open the possibility of another hike on Monday.
*it is also VERY important to note that open interest was going through the roof and backwardation was increasing. The physical silver was not there to fill the obligations of the Comex and default was imminent.
*the Silver market was the ONLY market hit with these margin hikes! Check it out.
We are this close to default. I have said it for a very long time......Silver is the lynchpin that will break the back of this corrupt system. In the very near future silver will break free and soar!!!
And SILVER !
Wonder how many shares nofuninthesun will buy today?
Gee that was a lot of posts to read, I'm tired.
See you guy's much later!
ag
Hey Twilko or Soldier,
Wonder when itro's gonna throw some of that fert. on a rail car and ship it to the east coast?
I think it is time to move goo cross country.
http://www.bnsf.com/bnsf.was6/rp/RPLinkDisplayController
Wonder how much copper is contained in Auric property?
http://ca.finance.yahoo.com/news/Copper-swiftly-becoming-new-capress-1720911585.html?x=0
"The high cost of mining and increasingly lower grade of copper found at established mines will inevitably lead to smaller players being swept up as the major global miners look to get into the industry and diversify with little risk."
agNau
That's a 10-4 on the stomach churn! 24/7
;)
Visual..........
http://research.stlouisfed.org/fred2/series/BASE
Silver $70 x June/July.
agNau
S&P downgrades US outlook to negative!
This is an organized move to pressure market down.
Metals reacting violently!
http://www.kitco.com/charts/livesilver.html
Must have debt ceiling raised!!!
Just like the "flash crash" that occured on the same day as congress was discussing audit of FED.
The run is begun!
http://www.kitco.com/charts/livesilver.html
Want to hear some very interesting news?
http://www.bloomberg.com/news/2011-04-15/texas-university-endowment-holds-almost-1-billion-in-gold-bars.html
You read correctly, that's ONE $Billion! .....and that is quite a % of their fund invested in physical......
As a general rule the "smart money" enters the market first, followed down the pyramid to the lowly sheeple at the bottom. I would say that the transition is well under way.
I do believe this is quite significant news. It will have an effect on the metals going forward.
WOW!
agNau
I am starting to LOVE fear!
Fear is selling by weak hands.
Bargains in many cases.
Interesting how a little attention goes a long way with this stock!
Both directions I would bet!
Not to worry,.....DOU is coming to the rescue........
He has lots of dry powder and has been waiting for this level!
Buy DOU, buy!
;)
22201
http://stockcharts.com/h-sc/ui?s=$SILVER&p=W&b=5&g=0&id=p51609290816
Note:
1) The move beginning end of August. This was a gift from the Federal Reserve. The End of August was when the Bernank was in Jackson Hole Wyoming and QE 2 "cat" was let out of the bag.(inflation increase assured)
This event shows in multiples:
http://stockcharts.com/h-sc/ui?s=$COPPER&p=W&b=5&g=0&id=p35009405590
http://stockcharts.com/h-sc/ui?s=$SPX&p=W&b=5&g=0&id=p31646662134
http://stockcharts.com/h-sc/ui?s=FSNGX&p=W&b=5&g=0&id=p38715928170
http://stockcharts.com/h-sc/ui?s=$XAU&p=W&b=5&g=0&id=p27824775721
http://stockcharts.com/h-sc/ui?s=$XOI&p=W&b=5&g=0&id=p82903261006
etc
IMO there is now a need for some form of "deflationary event" in order to more easily roll into QE3.
The floated idea that QE will end in June has yet to have a significant effect on markets, although June is a ways off. Once we started down the inflation road(QE), there is no turning back. At this point we are essentially buying ~70% of the bonds offered at auction!
We are devaluing our currency and exporting massive inflation to the world.
Pimco has left the Bond market.(http://www.bloomberg.com/news/2011-04-11/treasuries-decline-before-inflation-reports-three-debt-auctions-this-week.html)
Think about it in this fashion.......the FED has no choice but to continue to buy our debt. There is no bid for our paper.
The Federal Reserve is driving a shiny new Lexus down the Interstate,........and the accelorator is STUCK!
A "head fake" may be played, but a true pulling away of the punch bowl might have too serious consequences. QE will never end!
2) The second point to make on Silver is we are quite extended chart wise. $50 is significant (Hunt Brothers top). You know I have said forever that Silver is the " lynchpin" to the monetary system survival. IF control of the silver price is lost then dollar collapse is assured as the curtain will be pulled back for all to see the Ponzi.
What we are witnessing is a very dangerous gaming of the dollar on a global scale to wrest control globally.
There is a movement away from the Dollar and the current Anglo banking system, and these bankers are quite literally attempting to bring the mutiny to an end by destroying their economies. The devaluations are quite destabilizing. They will continue.
Silver should move quite easily to ~$46 IMO.
$50 for many reasons MAY prove to be a challenge. There is huge demand for physical Silver and that will be
the reason for continued price appreciation "on trend". Just note that volatility might be extreme.
My strategy is to use Silver as the new money.......and save regulary.
During the broad market boom the mantra was to buy and hold(dollar cost average), buy for the long term.....
today we are in a commodity Bull, and my strategy is to B&H those commodities and those companies that mine and produce same. Real, tangible things.
Morning all!
agNau
3 million oz's yet to be delivered @ Comex.
^^^^^^^
http://www.cmegroup.com/trading/metals/precious/silver_quotes_settlements_futures.html
^^^^^^^
Have a nice weekend all!
agNau
True. I understand that premiums( $$$$ ) have been offered to roll the contracts forward yet there are many standing for their Silver. They know the silver is more valuable than the fiat....as well they suspect the exchange is near default.
One other note that was news yesterday. The JPM has acquired a vault(done in record time btw). More shenanigans from them are coming I think. We know that they have not only record "short" positions basis Silver, but as well massive derivatives that work against them once the Silver price exceeds $37.
Potential news from the Corrupt CFTC.
Nothing official, but IF true could have Major effect on Mondays market.
Name only: Gensler
We will know IF true by Monday.
******************
Below is how the CFTC operates with Wall Street.
The CFTC, along with the JPM, GS,....have played a major role in keeping the Silver/Gold price down.
Margin requirements raised numerous times just this month. Each time it slaps the price back down.
There are still people standing for delivery of metal from the CTFC that is required to be delivered by end of month. I don't think they have the metal to deliver.
I also do not believe the SLV and GLD have much metal left.
I know that ITRO still has a stream of metal....and holdings in NV.
agNau
Silver on it's way to $40 by April.
Miners taking off!
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=Sil&insttype=&freq=1&show=&time=8
That would be a cup and handle pattern b/o, projecting move to about $35.
http://stockcharts.com/h-sc/ui?s=$SILVER&p=W&yr=3&mn=0&dy=0&id=p61979649033
Anything is possible in this market. With physical demand in the extreme, expect a continuous rise with little interruption.
ITRO will catch a bid soon IMO, due to it's involvement in the silver, and soon Gold market.
Juniors are recovering and catching up with the metals move now.
Question:
Would you want leverage to the price of the metals now ?
http://stockcharts.com/h-sc/ui?s=GDXJ&p=D&b=5&g=0&id=p91136002476
Moving to complete the "cup".
Silver, the other white meat!
Mornin
agNau
As I have stated ......Silver is going MUCH Higher!
I call it the investment of a life time!
http://news.coinupdate.com/huge-comex-silver-supply-squeeze-developing-0695/
This is just one recent report on the Silver market and the situation with supply/demand.
As I have also stated, Silver is the "lynchpin" that holds the bankers dollar based sham afloat.
When the price control of Silver is lost, the game is up!
Also:
As the above article states, the markets are seeing the opportunity to make money(fiat) from this volatile trade. BUT, there is a growing trend/investment mindset that sees what is really going on.
These individuals are building holdings of physical and "holding" futures contracts for delivery. The rumor is the "Crimex" is offering premiums to those that will opt out of delivery.
The fact is this recent month is already showing the cracks in the "Crimex's" ability to produce physical.
I have good information on those numbers. There will be massive pressure placed on this "rigged" market.
It will crack. The price will skyrocket. Caveat: As the above states, volatility will be norm., and every possible means will be used to cap price.(warning)
And,
MORNIN
agNau
For the mentally challenged it would mean bargain price.
If the kitchen gets hot, many pull up their skirts and run!
Silver sector play. If you noticed during the last PM bull, rising price eventually lifted the price
of anything in the metals market.
Itronics recovers silver. Silver price is about to rise rapidly.
Many companies with nothing more than property showing high silver holdings and no money, have risen several 100 percent this year.
Itronics is staking property with nice potential from nothing more than "neighbor" play, and the expertise
Of W&W.
I am up for the r/r ratio here. Many, quite frankly are not.
Mucho open interest remains in the very soon to expire March contract Silver. At this close to expiry they are holding for delivery. They want physical silver.
Supply of physical IS running out. March is the moment of truth for Silver. It will also be the beginning of the breakdown of the LIE of our fiat system. QE 3 is on the way without a doubt.
When the physical is not available, the market will explode. Control will no longer be possible.
There still is silver, just not enough to satisfy demand. When realization of the great vacuum of supply becomes evident the rush for all things silver will truly begin.
I hear the sounds of blood in the streets here.....good contrarion indicator since the fed indicator is no longer available. I am moving in too many directions to add more here, but I am still holding entire position.
If this does not take off BIG by the time silver hits fifty, then I will eat my hat! Anyone have some salt?
;)
Good luck to all holders!
agNau
http://www.kitco.com/charts/livesilver.html
Got Silver, ITRO?
;)
March SLV call options are getting a lot of attention.
Mornin
agNau
Repeat post #'s 22076, 22078.
The Comex under great pressure @ silver physical supply.
Showing now in spot price.
Contango.
ALL futures prices(paper) lower than spot price.
This has NEVER happened before.
http://www.kitco.com/charts/livesilver.html
There will be great volatility in metals price IMO, but I believe higher prices are certain
due to Bernanke, and money printing. He has taken the wrong turn at the fork in the road.
Brace yourselves. Gold will be next.
Much higher prices for all tangible things and those that produce same.
Gold, Silver, ITRO
agNau
Silver lease rates jump!
http://www.kitco.com/lease.chart.silv.html
Big move coming ?
;)
Mornin
agNau
More and More heat being applied.
http://www.kitco.com/charts/livesilver.html
http://www.kitco.com/charts/livegold.html
Something about Suez canal workers going on strike!
Oil on the move.
http://stockcharts.com/h-sc/ui?s=SIL&p=D&b=5&g=0&id=p88104339459
The run is begun........Place your bets.
agNau
Did I hear correctly ? FED banned until 2013 ?
Totally unfair! That would be a life sentence!
We all know the world ends December 2012.
Besides that, who now will take up Dr. Whitney's cause?
Would parole for good behavior be possible?
Would good behavior be possible?
Why not instead send FED to Egypt to clear the streets of all rioters, or actually everyone.
He could convince Mubarak to "step down", and even broker peace.
The real shame is he will not be here to eat MUCH crow when ITRO runs higher.
I actually think he needs a hobby, like basket weaving maybe?
Oh well, today was a turning point for the metals/miners. Very nice action.
I think we are well on our way to new highs. You honestly have to search for reasons why the metals would
slow their ascent. Demand is off the charts, and the broad public is still not onboard. No bubble here!
No news release yet from company. The wall of worry grows wider and taller.
In this environment, all we need is for a nice informative release on Auric property. Many miners with only nice properties and production years in the future moved nicely today with the metals. The rising tide will float ITRO.
agNau
Slap downs less effective now. Metals takin off!
Watch them ZOOM!
Sorry Fed, I am not always here and missed your post with some relevent info. In it. (rare find.)
If you followed my posts you know that I have brought this topic up numerous times before long ago.
This news release proves out my point that "waste" piles can contain treasure. From what I have read of the ITRO tech., there is most likely much gold recovery in the "entire" leach pile. (ie Even where the ore was mostly saturated with cyanide the removal of the PM's was not 100 percent.)
It sounds like the gyph idea is to go for the cream out of the leach piles. The easy stuff (missed by any of the cycnide the first time.)using the same Cyanide technology that industry has been using forever.
I am hoping that we have a revolutionary technology. I think we should know more details soon with Auric details.
Mornin all.
This is all getting very interesting to me now that I found this on a search of GYPH news release.
http://www.marketwatch.com/story/axcess-news-found-money-releaching-gold-heaps-in-america-2011-01-12?newsid=1020225022&dist=bigchartssymb%3DGYPH&sid=2185836
Sorry but this is on topic.
I believe that Itronics is supposed to have the technology to both remove, and detoxify the leach heap. The way I understood that technology, the goo normally used for fert. production could be used instead to neutralize the cyanide.
The view I had was that the potential for this process was HUGE.
One of the reasons I stated prior was the leftover ore that was not completely leached out. Note above info. on the reality, and how gyph and ashanti are capitalizing on this now very lucrative mining.
Outake:
"The mining giant has recently demonstrated the lucrative gains by releaching leach heaps at its Cripple Creek Mine; producing about 5,000 additional ounces of gold in a very short time. This is gold that would have otherwise been abandoned and, at above $1,200 per ounce, generated approximately $6 million. "
WOW!
****************************
PM leaching process defined:
The crushed ore is irrigated with a dilute cyanide solution. The solution percolates through the heap and leaches out the precious metal. This can take several weeks.
The solution containing the precious metals ("pregnant solution") continues percolating through the crushed ore until it reaches the liner at the bottom of the heap where it drains into a storage (pregnant solution) pond. After separating the precious metals from the pregnant solution, the dilute cyanide solution (now called "barren solution") is normally re-used in the heap-leach-process or occasionally sent to an industrial water treatment facility where the residual cyanide is treated and residual metals are removed. In very high rainfall areas such as the tropics, in some cases there is surplus water that is then discharged to the environment, after treatment, posing possible water pollution if treatment is not properly carried out.[citation needed]
The production of one gold ring through this method, can generate 20 tons of waste material.[2]
During the extraction phase, the gold ions form complex ions with the cyanide:
Au^+ (s) + 2CN^- (aq) \rightarrow Au(CN)_2^- (aq)
Recuperation of the gold is readily achieved with a redox-reaction:
2 Au(CN)_2^- (aq) + Zn (s) \rightarrow Zn(CN)_4^- (aq) + 2 Au (s)
The most common methods to remove the gold from solution are either using activated carbon to selectively absorb it, or the Merrill-Crowe process where zinc powder is added to cause a precipitation of gold and zinc. The fine product can be either doré (gold-silver bars) or zinc-gold sludge that is then refined elsewhere.
*******************************************
So exactly what is going on behind the scenes at ITRO?
Are we to enter as another player in the processing of ore leach piles?
IF this process used the goo and was effective at removal of G & S and cyanide.....and would require large amounts of the goo from silver recovery circuit already running.....then this could be quite lucrative for ITRO as well. Remember that it seems the goo has shelf life restrictions, and limits the silver recovery amounts. With a process that may use large amounts of the goo, the silver recovery would be much greater, and as shown above, the recovery from the leach piles is astounding as well. Auric on top of that! ? !
Someone has to know if this thought process is correct.
Any thoughts, comments ?