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Monday's new pr: Press Release Source: Timberline Resources Corporation
Timberline to Initiate Preliminary Scoping Study At Butte Highlands
Monday May 19, 8:00 am ET
Study Expected to Demonstrate Viability of Project While Utilizing In-House Capabilities At Timberline
COEUR D'ALENE, Idaho, May 19, 2008 (PRIME NEWSWIRE) -- Timberline Resources Corporation (AMEX:TLR - News) today announced plans to initiate a Preliminary Scoping Study at its Butte Highlands Gold Project in southwestern Montana.
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Butte Highlands, Timberline's most advanced-stage project, was extensively drilled by Placer Dome, Battle Mountain, ASARCO, and Orvana Minerals in the 1980s and 1990s, and contains historic mineralization outlined by Orvana (not compliant with NI 43-101 or SEC Guide 7) exceeding 500,000 ounces of gold. Past drilling highlights include gold intercepts of 50 feet of 0.65 ounces per ton (oz/t), 31 feet of 1.06 oz/t, and 11.5 feet of 1.99 oz/t. The Butte Highlands project lies on patented ground with no underlying royalties and is 100-percent owned by Timberline.
In addition to evaluating the potential of the project, the exploration and development of Butte Highlands is expected to demonstrate the complementary talent, experience, and capabilities that reside ``in-house' at Timberline.
* Director and V-P of Exploration Paul Dircksen led exploration
efforts at Butte Highlands, including resource calculations and a
pre-feasibility review, while with Orvana in the 1990s.
* Director Eric Klepfer handles permitting and environmental matters
for Timberline through his company, Klepfer Mining Services. He
has extensive experience with underground permitting issues in
Montana.
* Timberline's 100-percent owned contract drilling subsidiary, Kettle
Drilling, is expected to provide core drilling services in support
of the project.
* Director Ron Guill is the sole principal of Small Mine Development,
a leader in underground mine development and contract mining, which
is in the process of being acquired by Timberline.
Timberline CEO Randal Hardy stated, ``Our Preliminary Scoping Study at Butte Highlands is expected to showcase the efficiency and potential of our vertically-integrated business model. We believe that few, if any, companies our size can approach our in-house capabilities to explore, permit, drill, develop, and mine.'
The primary objective of the Preliminary Scoping Study is to assess opportunities for near-term underground production. A technical review of feasibility issues published by Orvana in 1997 identified no fatal flaws to mine development. The report noted that custom milling at existing nearby facilities was feasible and access to the deposit could be achieved with a decline. Although the construction of an onsite mill and tailings pond at Butte Highlands is not currently envisioned, the report indicated there are suitable sites for such facilities on the property.
Timberline V-P of Exploration Paul Dircksen stated, ``We are eager to resume work at Butte Highlands, building upon several years of effort by prior operators involving millions of exploration dollars and nearly 100,000 feet of drilling. We believe that Butte Highlands has the potential for near-term development and production, and that other areas of the property offer promising targets for additional grass-roots exploration. We also believe that we have assembled a uniquely-qualified team at Timberline to move the project forward.'
The work program to support the Study will begin with a 17-hole, 28,000-foot drill program conducted from the surface, coincident with permitting an exploration decline to access mineralization and to establish drill stations for an anticipated second-phase core drill program from underground. Drilling at Butte Highlands will focus on bringing the historic estimates to NI 43-101 and SEC Guide 7 standards while seeking to expand it with step-out holes along strike and down-dip. The exploration decline will be designed to support production in the event that project feasibility is established.
The Preliminary Scoping Study and exploration program will be led by Paul Dircksen. Initial surface drilling may be contracted outside the Company, but future underground drilling is expected to be performed by Kettle Drilling. All permitting efforts at the project will be led by Klepfer Mining Services. The exploration decline, once permitted, will be driven by Small Mine Development.
The Butte Highlands Project is located 15 miles south of Butte, Montana within a favorable geologic domain that has hosted several multi-million ounce gold deposits including Butte, Golden Sunlight, Montana Tunnels, and Virginia City. Furthermore, the project straddles the Continental Divide and is central to one of the most historically productive placer districts in the state. We believe that the lode occurrences at Butte Highlands are a primary source for local placer gold.
Gold mineralization at Butte Highlands is hosted primarily in lower Paleozoic Wolsey shale with higher-grade mineralization occurring within the sediments proximal to diorite sills and dikes. Between 1988 and 1996, prior operators demonstrated the presence of a wide and continuous mineralized zone by drilling 46 core holes (36,835 feet) and 132 reverse-circulation holes (61,338 feet) within the district. The vast majority of this drilling was conducted in the Nevin Hill area which is included in the Timberline property.
Timberline Resources Corporation has taken the complementary businesses of mining services and mineral exploration and combined them into a unique, forward-thinking investment vehicle that provides investors exposure to both the ``picks and shovels' and ``blue sky' aspects of the mining industry.
Timberline has contract drilling subsidiaries in the western United States and Mexico and an exploration division focused on high-potential, district-scale gold projects. With its anticipated acquisition of a premier American underground mine contractor, Small Mine Development, Timberline will strengthen its position as an emerging, vertically-integrated resource company. Timberline is listed on the American Stock Exchange and trades under the symbol ``TLR'.
Statements contained herein that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect the Company's expectations about its future operating results, performance and opportunities that involve substantial risks and uncertainties. When used herein, the words ``anticipate,' ``believe,' ``estimate,' ``plan,' ``intend' and ``expect' and similar expressions, as they relate to Timberline Resources Corporation, or its management, are intended to identify such forward-looking statements. These forward-looking statements are based on information currently available to the Company and are subject to a number of risks, uncertainties, and other factors that could cause the Company's actual results, performance, prospects, and opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, such factors, including risk factors, discussed in the Company's Annual Report on Form 10-KSB for the year ended September 30, 2007. Except as required by the Federal Securities law, the Company does not undertake any obligation to release publicly any revisions to any forward-looking statements.
Contact:
Timberline Resources Corporation
John Swallow, Chairman
208.664.4859
Source: Timberline Resources Corporation
http://biz.yahoo.com/pz/080519/142967.html
LOL, that was fun! Nice move w/volume today.
Excellent, been waiting along time but over the course of the next few years we'll be ever so grateful.
Support @ 0.27 It's actually a dragon pattern which adhears to different geometric rules than a dbl. bottom or a gartley bat.
http://www.surinotes.com/Tradestation/articles/suriDragon.pdf
Press Release Source: Gold Resource Corporation
Gold Resource Corporation Extends El Arroyo High Grade Mineralization
Monday March 24, 6:00 am ET
Drilling 1m of 11.15 g/t Gold, 658 g/t Silver or 51.83 g/t (1.67 oz/t) Gold Equivalent and 2m of 4.34 g/t Gold, 3645 g/t Silver or 90.36 g/t (2.91 oz/t) Gold Equivalent
DENVER, CO--(MARKET WIRE)--Mar 24, 2008 -- Gold Resource Corporation (GRC) (OTC BB:GORO.OB - News) (Frankfurt:GIH.F - News) reports 1 meter of 11.15 g/t gold, 658 g/t silver within 7 meters of 4.51 g/t gold, 350 g/t silver or 51.83 g/t (1.67 oz/tonne) gold equivalent (AuEq) and 2 meters of 4.34 g/t gold, 3645 g/t silver or 90.36 g/t (2.91 oz/tonne) (AuEq) at its recently discovered El Arroyo area. El Arroyo is part of GRC's El Aguila Project in the southern state of Oaxaca, Mexico, which is targeting gold production the second half of 2008 subject to timely obtaining the remaining required permits, regulatory approvals and equipment delivery schedules.
Recent El Arroyo drill highlights include (second hole):
Hole # 108007 (-62 deg)
-- 1 meter of 11.50 g/t gold, 658 g/t silver, 1.22% copper, 6.03% lead,
10.80% zinc, (or a gold equivalent* value of 51.83 g/t (1.67 oz/tonne))
and,
-- 2 meters of 4.34 g/t gold, 3645 g/t silver, 1.28% copper, 0.73% lead,
1.79% zinc, (or a gold equivalent* value of 90.36 g/t (2.91 oz/tonne)) and,
-- 1 meter of 6.79 g/t gold, 629 g/t silver, 0.76% copper, 0.64% lead,
1.47% zinc, (or a gold equivalent* value of 25.62 g/t (0.82 oz/tonne)) and,
-- 1 meter of 6.13 g/t gold, 368 g/t silver, 0.43% copper, 0.83% lead,
1.66% zinc, (or a gold equivalent* value of 18.79 g/t (0.60 oz/tonne)) and,
-- 1 meter of 5.16 g/t gold, 490 g/t silver, 0.54% copper, 1.74% lead,
3.71% zinc, (or a gold equivalent* value of 24.72 g/t (0.79 oz/tonne))
Previously released El Arroyo drill highlights include (first hole):
Hole # 108002 (-61 deg)
-- 1 meter of 48.30 g/t gold, 570 g/t silver, 0.44% copper, 0.70% lead,
2.97% zinc, (or a gold equivalent* value of 66.79 g/t (2.15 oz/tonne))
within,
-- 3 meters of 25.27 g/t gold, 1857 g/t silver, 1.37% copper, 1.85% lead,
3.88% zinc, (or a gold equivalent* value of 77.33 g/t (2.49 oz/tonne))
The new Hole #108007 is the second drill hole into the recently discovered El Arroyo area. This hole targeted mineralization below the previously drilled high-grade mineralization in Hole # 108002 that intercepted 3 meters of 2.49 oz/tonne AuEq. These results represent core samples that were sent for priority assaying. Assay results for the remainder of this hole have not yet been received.
Hole #108007 drill results to date (three intervals in this hole):
Inter- AuEq*
Hole Angle From val Au Ag Cu Pb Zn AuEq* oz/
# (deg) Meters Meters g/t g/t % % % g/t tonne
-------- ----- ------ ------ ----- ------ ---- ----- ----- ----- -----
-------- ----- ------ ------ ----- ------ ---- ----- ----- ----- -----
108007 -62 181 1 5.16 490.0 0.54 1.74 3.71 24.72 0.79
108007 -62 182 1 0.51 76.0 0.33 5.01 7.79 20.43 0.66
108007 -62 183 1 0.68 52.6 0.17 0.30 1.04 4.12 0.13
108007 -62 184 1 4.80 382.0 0.24 2.18 3.36 21.28 0.68
108007 -62 185 1 11.15 658.0 1.22 6.03 10.80 51.83 1.67
108007 -62 186 1 6.79 629.0 0.76 0.64 1.47 25.62 0.82
108007 -62 187 1 2.47 168.0 0.10 0.10 0.15 6.76 0.22
-------- ----- ------ ------ ----- ------ ---- ----- ----- ----- -----
Average 7 4.51 350.8 0.48 2.29 4.05 22.11 0.71
-------- ----- ------ ------ ----- ------ ---- ----- ----- ----- -----
-------- ----- ------ ------ ----- ------ ---- ----- ----- ----- -----
108007 -62 281 1 2.63 91.3 0.30 0.36 1.16 7.56 0.24
108007 -62 282 1 6.13 368.0 0.43 0.83 1.66 18.79 0.60
-------- ----- ------ ------ ----- ------ ---- ----- ----- ----- -----
Average 2 4.38 229.7 0.36 0.60 1.41 13.17 0.42
-------- ----- ------ ------ ----- ------ ---- ----- ----- ----- -----
-------- ----- ------ ------ ----- ------ ---- ----- ----- ----- -----
108007 -62 287 1 4.61 3400.0 1.43 0.76 1.69 85.76 2.76
108007 -62 288 1 4.07 3890.0 1.13 0.71 1.89 94.97 3.05
-------- ----- ------ ------ ----- ------ ---- ----- ----- ----- -----
Average 2 4.34 3645.0 1.28 0.73 1.79 90.36 2.91
-------- ----- ------ ------ ----- ------ ---- ----- ----- ----- -----
Previously Released Hole # 108002
-------- ----- ------ ------ ----- ------ ---- ----- ----- ----- -----
108002 -61 199 1 16.20 2490 2.76 3.08 6.00 90.31 2.92
108002 -61 200 1 48.30 570 0.44 0.70 2.97 66.79 2.15
108002 -61 201 1 11.30 2510 0.91 1.77 2.68 74.32 2.39
-------- ----- ------ ------ ----- ------ ---- ----- ----- ----- -----
Average 3 25.27 1857 1.37 1.85 3.88 77.33 2.49
-------- ----- ------ ------ ----- ------ ---- ----- ----- ----- -----
*(Gold Equivalent (AuEq*) in chart using gold at $650/oz, silver at $14/oz,
copper at $3.10/lb, lead at $1.40/lb, zinc at $1.20/lb).
Assays by ALS Chemex, Vancouver, BC, Canada.
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Gold Resource Corporation's President, William W. Reid, stated, "The first two drill holes into El Arroyo have returned two of our highest-grade intercepts to date. The first drill Hole #108002 was fantastic, with 3 meters of 2.49 oz AuEq, and now this second drill Hole #108007, at 287 meters, returned 2 meters of 2.91 oz AuEq. This second intercept is 62 meters vertically below the mineralization in the first drill hole. Because the assayed sections for both El Arroyo holes are the only sections for which we have received assay results so far, it is quite possible the mineralized zones in both El Arroyo holes may end up being larger than these selected sections."
"It is also exciting that in the first El Arroyo Hole #108002, 84% of the values were in precious metals (gold and silver), and 16% in base metals. This second Hole #108007, 62 meters deeper vertically, the precious metals make up 92% of the values. As we have stated before, once we begin underground mining of the polymetallic ore in the second year of production, it appears that, on average, our base metal values should pay for all costs of production which will in essence make our gold and silver free," stated Mr. Reid.
Mr. Reid continued, "Both geomagnetic anomalies drilled to date are coincident with high-grade mineralization. It appears the mineralization is associated with intrusive dikes or bodies that were very hot when intruded into the host country rock. These intrusives 'cooked' the country rocks around and next to these dikes or bodies and one of the associated alteration products resulted in the formation of magnetite, which is the mineral primarily responsible for geomagnetic anomalies. In essence, these intrusives appear to be directly associated with high-grade mineralization and are leaving helpful exploration footprints in the form of magnetite and therefore geomagnetic anomalies. This working hypothesis in which high-grade mineralization, coincident at both the La Arista and El Arroyo anomalies, is associated with geomagnetic anomalies elevates their importance and future exploration will target the many additional geomagnetic anomalies at the El Aguila Project."
Mr. Reid stated, "The 7 meter mineralized section between 181 meters and 187 meters appears to be an extension of La Arista Vein # 1 which extends that vein on strike an additional 50 meters to the southeast. Though it is too early to say definitively, it may be the case these two high-grade mineralized areas, La Arista and El Arroyo, are continuous. Our drilling focus is primarily on defining these two areas after which we will immediately begin designing an underground mine to exploit this high-grade polymetallic mineralization beginning in the second year of the El Aguila Project operations."
About GRC
Gold Resource Corporation is a mining company focused on production and pursuing development of gold and silver projects that feature low operating costs and produce high returns on capital. The Company has 100% interest in four potential high-grade gold and silver properties in Mexico's southern state of Oaxaca. The company has 34,156,952 shares outstanding and no warrants. For more information, please visit GRC's website, located at www.Goldresourcecorp.com and read the Company's 10-KSB for an understanding of the risk factors involved.
This press release contains forward-looking statements that involve risks and uncertainties. The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. When used in this press release, the words "plan", "target", "anticipate," "believe," "estimate," "intend" and "expect" and similar expressions are intended to identify such forward-looking statements. Such forward-looking statements include, without limitation, the statements regarding Gold Resource Corporation's strategy, future plans for production, future expenses and costs, future liquidity and capital resources, and estimates of mineralized material. All forward-looking statements in this press release are based upon information available to Gold Resource Corporation on the date of this press release, and the company assumes no obligation to update any such forward-looking statements. Forward-looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. The Company's actual results could differ materially from those discussed in this press release. In particular, there can be no assurance that commercial production at the El Aguila Project will be achieved in the time frames estimated, at the rates and costs estimated, or even at all. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in the company's 10-KSB and Form SB-2 filed with the Securities and Exchange Commission
Contact:
Contact:
Jason Reid
VP / Corporate Development
303-320-7708
Source: Gold Resource Corporation
http://biz.yahoo.com/iw/080324/0378390.html
Press Release Source: Timberline Resources Corporation
http://biz.yahoo.com/pz/080311/137977.html
Timberline Announces Management Transition at Kettle Drilling
Tuesday March 11, 8:00 am ET
COEUR D'ALENE, Idaho, March 11, 2008 (PRIME NEWSWIRE) -- Timberline Resources Corporation (OTC BB:TBLC.OB - News) today announced an agreement to initiate a management transition at its contract drilling subsidiary, Kettle Drilling, Inc. (``Kettle''). Within the next two months, it is anticipated that Doug Kettle and David Deeds will step down from their positions as President and CEO of Kettle, respectively, to pursue other business opportunities. Mr. Kettle and Mr. Deeds were the owners of Kettle at the time of its sale to Timberline in March 2006 and have maintained their executive positions since that time.
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Timberline Executive Chairman John Swallow stated, ``During this transition and upon completion of the agreement, we look forward to a smooth and orderly changeover and expect our drilling operations to proceed as normal and without interruption. On behalf of the Board of Directors, I would like to recognize Mr. Kettle and Mr. Deeds for their service to the Company and wish them the best in their future endeavors.''
Timberline Resources Corporation is a unique, growth-oriented company that combines positive cash flow from its mine services division with ``blue sky'' upside from its mineral exploration division. Timberline common stock is quoted on the OTC Bulletin Board under the symbol ``TBLC.''
Statements contained herein that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect the Company's expectations about its future operating results, performance and opportunities that involve substantial risks and uncertainties. When used herein, the words ``anticipate,'' ``believe,'' ``estimate,'' ``plan,'' ``intend'' and ``expect'' and similar expressions, as they relate to Timberline Resources Corporation, or its management, are intended to identify such forward-looking statements. These forward-looking statements are based on information currently available to the Company and are subject to a number of risks, uncertainties, and other factors that could cause the Company's actual results, performance, prospects, and opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, such factors, including risk factors, discussed in the Company's Annual Report on Form 10-KSB for the year ended September 30, 2007. Except as required by the Federal Securities law, the Company does not undertake any obligation to release publicly any revisions to any forward-looking statements.
Contact:
Timberline Resources Corporation
Ian Cassel, Investor Relations
(717) 626-3991
--------------------------------------------------------------------------------
Source: Timberline Resources Corporation
I'm excited too! eom
Long 10,220 shares @2.852 eom
SMD miner death (This makes two)
Possible reson for s/p decline
SUSTAINABLE MINING
STATE, FEDS INVESTIGATE CAUSE
Second miner killed at Getchell Gold mine in six months
With the death of a contract miner Saturday, Nevada gold mines have experienced their third fatality in the eight months.
Author: Dorothy Kosich
Posted: Friday , 01 Feb 2008
RENO, NV -
Another miner has died at the Getchell Gold mine near Winnemucca, Nevada. It was the second fatality at the underground operation in six months.
Both Michael Millican, 43, who was killed in an accident last Saturday, and Curtis Johnson, 36, who was killed last August, were employed by Boise-based contract mining specialists Small Mine Development (SMD).
SMD operates the Getchell underground mine, a part of the Turquoise Ridge joint venture of Barrick Gold and Newmont Mining. The Associated Press reported that no other employees were injured in the accident. Mineweb was not among the Nevada news media notified of the incident.
Millican apparently was struck by a haul truck around 5:30 p.m. Saturday. The mine remains closed as of Thursday night as federal MSHA and state mine inspectors investigate the accident.
Prior to Johnson's death last August, the Getchell mine had experienced its last fatality in 1997.
In less than eight months, three miners have been killed in accidents in Nevada gold mines. Johnson was killed during ground failure at Getchell. On July 19, 2007, Dan Shaw, a blaster at Newmont Mining's nearby Midas Gold Mine, was killed when the ground collapsed.
During the past two years, the nation's mining industry has come under increasingly tough congressional legislative pressure due to mine fatalities in both U.S. coal and hardrock mines.
http://www.mineweb.com/mineweb/view/mineweb/en/page68?oid=45839&sn=Detail
huh? It's essentually the same thing, just worded differently.
Garners a bit more respect, I'd say.
Yes, first I've seen myself. Thanks for the article.
I grabbed a few more cheapies today.
infolode
Hell of a round trip with this one. Rode 9k free shares all the way to breakeven. 8-) doof Small signs of trend change and not continuation.
It appears several MM dollars pullrd out but in this climate who could blame them.
I'll add shares on the way up. Not concerned with price levels and still feel confident in the future. This one's a loooooong.lol
Three pr's and this is the jist of them. NAZ later part of 2008.
...carry on.
BNY Mellon Asset Management Announces Strategic Venture to Create New ETFs
Friday January 25, 8:00 am ET
Dreyfus and WisdomTree to Collaborate on International Cash and Fixed Income ETFs
NEW YORK, Jan. 25 /PRNewswire-FirstCall/ -- BNY Mellon Asset Management announced today that The Dreyfus Corporation is to partner with WisdomTree Investments, Inc. (Pink Sheets: WSDT - News) on International Cash and Fixed Income ETF products. The products will be part of the WisdomTree Trust and will be co-branded and marketed by both organizations. Dreyfus will act as subadvisor to the Trust.
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"BNY Mellon Asset Management comprises asset management companies with individual, proprietary investment expertise, and this unique combination of talent fosters the development of innovative investment products," said Ronald P. O'Hanley, president and chief executive officer of BNY Mellon Asset Management. "The creation of new ETFs complements what BNY Mellon Asset Management does already." BNY Quantitative Equity Management Group already subadvises for WisdomTree, among others. "BNY Mellon Asset Management's ability to distribute new ETFs in the marketplace extends our capabilities to new products that are becoming increasingly important in the retail and intermediary business," O'Hanley continued.
"Dreyfus is excited to be entering the ETF business as it is an increasingly vibrant segment of asset management," said Phil Maisano, chief investment strategist of BNY Mellon Asset Management and chief investment officer of Dreyfus. "The strategic venture between Dreyfus and WisdomTree creates a formidable player as both companies bring their respective expertise to the venture."
"WisdomTree is very excited to partner with BNY Mellon Asset Management as we venture into new asset classes," said Jonathan Steinberg, WisdomTree chief executive officer. "We believe there is significant opportunity for ETFs to provide exposure to cash products around the world. Despite U.S. cash being a $3 trillion market segment, today's U.S. investor is surprisingly limited in their ability to easily hold cash in non-U.S. cash investments. We are pleased to work with a widely recognized asset management industry leader in BNY Mellon Asset Management."
Through its asset servicing business, The Bank of New York Mellon will provide full fund accounting and administration services for the new ETFs.
About BNY Mellon Asset Management
BNY Mellon Asset Management is one of the world's largest global asset managers with more than US$1 trillion in assets under management. The multi- boutique asset management model encompasses the investment skills of world class specialist asset managers who are amongst the most advanced and highly regarded names in money management. With investment expertise that spans the asset class spectrum, BNY Mellon Asset Management offers a comprehensive suite of beta-achieving and alpha-generating investment strategies to meet the
unique needs of institutional investors. BNY Mellon Asset Management is part of The Bank of New York Mellon Corporation.
The Bank of New York Mellon Corporation is a global financial services company focused on helping clients manage and service their financial assets, operating in 34 countries and serving more than 100 markets. The company is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has more than $20 trillion in assets under custody and administration, more than $1.1 trillion in assets under management and services $11 trillion in outstanding debt. Additional information is available at bnymellon.com.
About The Dreyfus Corporation
The Dreyfus Corporation, established in 1951 and headquartered in New York City, is one of the nation's leading asset management and distribution companies, currently managing more than $260 billion in mutual funds, separately managed accounts, and institutional portfolios. Dreyfus is part of BNY Mellon Asset Management, a leading global provider of investment management products and services that offers a broad range of equity, fixed- income, hedge and liquidity management products through individual asset management companies and multiple distribution channels.
About WisdomTree Investments, Inc.
WisdomTree Investments, Inc. has developed the first family of fundamentally weighted indexes and ETFs. The WisdomTree Indexes cover all major market capitalizations, both domestically and internationally. In contrast to capitalization- weighted indexes, the WisdomTree Indexes anchor the initial weights of individual stocks to a measure of fundamental value. The company believes its approach provides investors with a viable alternative to market cap-weighted indexes.
WisdomTree Trust is a Delaware statutory trust registered as an open-end investment company with the Securities and Exchange Commission. Each WisdomTree ETF is a series of WisdomTree Trust. As of January 2008, assets under management in the WisdomTree trust are more than $4 billion.
There are risks associated with investing including possible loss of principal. In addition to the normal risks of investing, foreign investing involves special risks, such as risk of loss from currency fluctuation or political or economic uncertainty. Investments in real estate involve additional special risks, such as credit risk, interest rate fluctuations and the effect of varied economic conditions. Funds focusing on a single country, sector and/or smaller companies generally experience greater price volatility.
Investors should consider the investment objectives, risks, charges and expenses of the funds carefully before investing. A prospectus, containing this and other information is available by calling 1-866-909-WISE. Investors should read the prospectus carefully before investing.
WisdomTree Funds are distributed by ALPS Distributors, Inc.
ALPS Distributors, Inc. is not affiliated with Dreyfus or BNY Mellon.
Jonathan Steinberg is a registered representative of ALPS Distributors, Inc.
© 2008 WisdomTree Investments, Inc. "WisdomTree" is a service mark of WisdomTree Investments, Inc.
WisdomTree Investments, Inc. has patents pending on the methodology and operation of its indexes.
--------------------------------------------------------------------------------
Source: The Bank of New York Mellon
Thanks Silver, agreed PAL is a mutt. I just trying to gauge the supply. Russians didn't deliver(no surprise). They're probable trying to corner again.
I'll check out the radio program, thanks.
TBLC and GORO I'm still confident in management and our roe so no problems there. I would imagine we'll have a few more dips.
Dip buying mode again.
infolode
Silver, are you going to pick up some palladium in the coming weeks or do you follow it?
Yes. I too got some mechanical fills w/goro amd tblc. I'm going to low ball a few more cause the herd will probably run from gold and back to equities next week. Gold looks like a good short at the moment. Dumb bastards 8-)
In a few weeks it'll be time to start scaling into April gold contracts.
I'm ready.
Press Release Source: Gold Resource Corporation
Gold Resource Corporation Receives Federal Permit to Build New Mine Road at Its El Aguila Project, Oaxaca, Mexico
Thursday January 17, 6:00 am ET
DENVER, CO--(MARKET WIRE)--Jan 17, 2008 -- Gold Resource Corporation (GRC) (OTC BB:GORO.OB - News) (Frankfurt:GIH.F - News) is pleased to report that it has received the Mexican federal permit to build its new mine road for its El Aguila Project in the southern state of Oaxaca, Mexico. The El Aguila Project is targeting gold production in the second half of 2008 subject to the timely obtaining of the balance of required permits, regulatory approvals and the equipment delivery schedules.
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On January 14, 2008, the United States of Mexico's Secretary of the Environment and Natural Resources granted GRC's 100% owned Mexican subsidiary, Golden Trump Resources, S.A. de C.V., federal permission to construct a new mine road for the El Aguila Project.
Gold Resource Corporation's president, William W. Reid, stated, "We are pleased to have obtained this first federal permit for the EL Aguila Project. Receiving this road permit so early in the year helps keep us on target for gold production in 2008. We have been evaluating bids from five construction companies to build this new road in anticipation of receiving this permit and will shortly award the contract. The new mine road is the first phase of the El Aguila Project's construction program."
Mr. Reid continued, "We are pleased to be entering the construction phase of our El Aguila Project. We are also encouraged by the current status of the remaining federal permits for the mill and tailings facilities and for the open pit mine which are expected in the near term. Having obtained this first federal permit, we are very excited to begin the new road construction."
About GRC
Gold Resource Corporation is a mining company focused on production and pursuing development of gold and silver projects that feature low operating costs and produce high returns on capital. The Company has 100% interest in four potential high-grade gold and silver properties in Mexico's southern state of Oaxaca. The company has 33,728,052 shares outstanding and no warrants. For more information, please visit GRC's website, located at www.Goldresourcecorp.com and read the Company's 10-KSB for an understanding of the risk factors involved.
This press release contains forward-looking statements that involve risks and uncertainties. The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. When used in this press release, the words "plan," "target," "anticipate," "believe," "estimate," "intend" and "expect" and similar expressions are intended to identify such forward-looking statements. Such forward-looking statements include, without limitation, the statements regarding Gold Resource Corporation's strategy, future plans for production, future expenses and costs, future liquidity and capital resources, and estimates of mineralized material. All forward-looking statements in this press release are based upon information available to Gold Resource Corporation on the date of this press release, and the company assumes no obligation to update any such forward-looking statements. Forward looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. The Company's actual results could differ materially from those discussed in this press release. In particular, there can be no assurance that commercial production at the El Aguila Project will be achieved in the time frames estimated, at the rates and costs estimated, or even at all. Factors that could cause or contribute to such differences include, but are not limited to, those discussed in the company's 10-KSB and Form SB-2 filed with the Securities and Exchange Commission.
Contact:
Contact:
Jason Reid
VP / Corporate Development
303-320-7708
http://biz.yahoo.com/iw/080117/0349466.html
Press Release Source: Timberline Resources Corporation
Timberline Announces Financial Results and Recaps Accomplishments for 2007, Provides Forecast for 2008
Tuesday January 15, 8:00 am ET
COEUR D'ALENE, Idaho, Jan. 15, 2008 (PRIME NEWSWIRE) -- Timberline Resources Corporation (OTC BB:TBLC.OB - News) today announced consolidated financial results for 2007, its first full year as an operating company, along with a recap of its 2007 accomplishments and its goals and objectives for 2008. For the year ended September 30, 2007, Timberline reported gross revenues of $19.23-million, a 210-percent increase over 2006, and an overall net loss of $2.69-million, which includes $1.15-million in depreciation and amortization expense and more than $1-million dollars in other non-cash charges.
ADVERTISEMENT
In 2007, Timberline's contract drilling subsidiary, Kettle Drilling Inc. (``Kettle'') and its wholly-owned Mexican subsidiary, World Wide Exploration, S.A. de C.V. (``World Wide''), reported combined gross revenues of $19.23-million (compared to $6.21-million in 2006), a combined gross operating profit of $4.49-million (compared to $1.22-million in 2006), and a combined after-tax loss of $545,715 (compared to a loss of $897,459 in 2006). Revenue growth at Kettle and World Wide was aggressive and deliberate in 2007 with the combined fleet nearly doubling from 11 to 21 operating drill rigs. This was accomplished by reinvesting all operating cash flow and by investing nearly $3-million in additional funds from Timberline. Subsequent to year-end, Timberline purchased two additional rigs and provided additional funding to assist with Kettle's continued expansion.
Commenting on the results, Timberline CEO Randy Hardy stated, ``We have aggressively pursued opportunities to expand our drilling operations since acquiring Kettle in March 2006. However, as previously announced, our primary focus in 2008 is to reduce costs and increase profitability while maintaining sustainable organic growth. We expect to deliver greatly improved bottom-line results in our 2008 fiscal year and beyond, while significantly expanding our in-house exploration programs.''
Included in the numbers stated above, Timberline's exploration business and main corporate office reported a net loss of $2.14-million for 2007. The loss reflects more than $1-million dollars in non-cash charges, including expenses for consulting services, stock-based compensation, vested options, depreciation and amortization.
Timberline's 2007 Annual Report was filed with the SEC on Form 10KSB on January 14, 2008. It can be viewed in its entirety on the SEC website which can be accessed from the ``Investors'' page of the Timberline website at http://www.timberline-resources.com.
In 2007, Timberline accomplished several objectives within its drilling and exploration divisions, as well as at the corporate level.
Drilling Highlights
* Increased operating drill rigs from 11 to 21.
* Compiled record revenues in every quarter.
* Achieved profitability in the 2nd quarter, had a minor downturn in
the 3rd quarter, and then resumed profitability in the 4th quarter
which, management believes, will sustain and improve into 2008.
Exploration Highlights
* Closed acquisition of Conglomerate Mesa and Santa Rosa projects.
* Closed the purchase of the advanced-stage Butte Highlands gold
project.
* Completed a massive data compilation effort at the East Camp Douglas
gold project.
* Conducted geophysical surveys at the Downeyville and Long Canyon
projects and subsequently expanded the land positions at both
locations.
* Funded by exploration partner Christopher James Gold Corp, the
Olympic-Sun property was drill-tested and its lease was subsequently
dropped.
* Acquired a drill rig for dedicated use on Timberline exploration
properties.
Corporate Highlights
* Completed stock offerings totaling $7.63-million.
* Hired Randal Hardy as CEO and CFO.
* Applied for listing on the American Stock Exchange (AMEX).
* Paid off approximately $1.1 million in related-party notes,
including the remainder owed from the Kettle acquisition.
Subsequent to year-end, on December 5, 2007, Timberline announced the signing of a non-binding Letter of Intent (LOI) to acquire Small Mine Development, LLC (``SMD''), one of the largest underground mine contractors in the United States. Upon receipt of shareholder approval and closing, the acquisition is expected to immediately and sharply increase revenue and profitability, providing the Company with the ``critical mass'' needed to become a major player in the North American mining services industry.
Looking ahead to 2008, Timberline VP of Exploration Paul Dircksen stated, ``Despite our past focus on growing our services business, we remain committed to providing exploration 'blue sky' to our investors and will become significantly more active on our projects in the coming year. Our exploration plans include near-term drilling at Downeyville, Conglomerate Mesa, and possibly at other of our California and Nevada gold properties. In the spring, we intend to resume exploration and drilling at Butte Highlands. We continue to pursue joint-venture possibilities for our East Camp Douglas and Snowstorm properties.''
Timberline's goals and objectives for 2008 include:
* Complete the listing process and begin trading on the AMEX.
* Complete due diligence and close the acquisition of SMD.
* Achieve substantially increased profitability in our services
business.
* Complete exploration and drilling programs at several project sites.
* Increase exploration activity and seek to reduce financial risk
through increased use of strategic partnerships.
* Continue evaluating additional merger and acquisition opportunities
in both mining services and mineral exploration.
For more information about Timberline, please visit the Company's website at http://www.timberline-resources.com.
Timberline Resources Corporation is a unique, growth-oriented company that combines positive cash flow from its ownership of Kettle Drilling, Inc. with ``blue sky'' upside from its mineral exploration division. Timberline common stock trades on the OTC Bulletin Board under the symbol ``TBLC.''
Statements contained herein that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect the Company's expectations about its future operating results, performance and opportunities that involve substantial risks and uncertainties. When used herein, the words ``anticipate,'' ``believe,'' ``estimate,'' ``plan,'' ``intend'' and ``expect'' and similar expressions, as they relate to Timberline Resources Corporation, or its management, are intended to identify such forward-looking statements. These forward-looking statements are based on information currently available to the Company and are subject to a number of risks, uncertainties, and other factors that could cause the Company's actual results, performance, prospects, and opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, such factors, including risk factors, discussed in the Company's Annual Report on Form 10-KSB, as amended, for the year ended September 30, 2007. Except as required by the Federal Securities law, the Company does not undertake any obligation to release publicly any revisions to any forward-looking statements.
Contact:
Timberline Resources Corporation
John Swallow, Executive Chairman
(208) 664-4859
www.timberline-resources.com
Investor Voices
Investor Relations
Ian Cassel
(717) 626-3991
--------------------------------------------------------------------------------
Source: Timberline Resources Corporation
Me too, looking for cheapies over the next few weeks, she'll blow on news.
Excellent news!
Here's another article mentioned:
http://siliconinvestor.advfn.com/readmsg.aspx?msgid=24204884
The Future of Nuclear Energy
2008-01-10
By Keith Kohl
Like it or not, the world is going to have to deal with the issue of peak oil.
Unfortunately, it appears that time is going to come much sooner than expected. Considering that 90% of the world's largest oil fields have already entered into depletion, making up that production will become a monumental task for oil producers.
Mexico's Cantarell field, for example, is on its deathbed. Pemex (Mexico's state run oil company) reported in November that production at Cantarell is expected to decline 14% per year for the next eight years. Saudi Arabia's massive Ghawar oil field is already declining at a rate of 8% per year.
And that's not even the bad news . . .
The truth is that we'll never be able to accurately know when peak oil has passed (assuming, of course, that it hasn't already). The reason is simple enough: OPEC refuses to release data on their oil fields.
If we toss the question to President Bush, it appears he would agree with our bullish sentiment on nuclear energy. He recently referred to nuclear power as " . . . the best solution to make sure we have economic growth and at the same time make sure we are being good stewards of the environment." Granted, he may have just over a year before getting the boot, but we'll save politics for another day.
On Thursday, England is expected to release the details on the country's nuclear power program. There's a good chance the British government could beef up the country's nuclear reactors with newer and more powerful ones.
If a nuclear future is on the horizon, how long could it last?
I wouldn't expect to see nuclear power ever taking over 100% of the world's energy needs, especially with the significant advances that renewable technology has achieved lately.
But if we're going to be realistic here, then we can't possibly assume renewables will be able to supply enough energy on a global scale before oil is gone.
When it comes to our future energy demand, it's impossible not to talk about India and China. After all, both countries are growing astronomically.
So what are they looking to use to fuel their energy needs?
The Nuclear Revival
China is going to the ends of the earth to find its next source of fuel. In fact, its already going beyond that. The country's latest mission to the lunar surface is expected to bring back helium-3, which has the potential to fuel a nuclear reactor. This is some serious power, too. There's enough helium-3 reserves on the moon to power the earth for tens of thousands of years.
India, on the other hand, has set its priority on a different fuel: thorium. Unlike the Chinese, they don't have to go anywhere to find it. India boasts over 13% of the world's thorium reserves.
The problem is that thorium can't be burned in a reactor unless it has been converted into Uranium-233 (U-233). But thorium seems to be the next step for nuclear energy, since it's more abundant than uranium.
Investing in the Nuclear Revival
Even though the use of thorium as nuclear fuel is still a long ways off, investors like us don't need to sit on the sidelines.
There are a few options today. Let's look at Thorium Power (OTC: THPW), for example. As you can see below, the company has performed admirably over the last three months:
Thorium Power is involved fuel designs for both existing and future nuclear reactors. As nuclear energy starts to play a bigger role in our world's energy picture, these guys already have a foot in the door.
Until next time,
Keith Kohl
www.energyandcapital.com
P.S. There's going to be trillions of dollars invested in our energy infrastructure as peak oil becomes a reality. Most of my readers are already profiting from the energy bull market. Perhaps you should join us. If you're interested in checking it out, please click here.
http://www.energyandcapital.com/articles/nuclear+energy-china-india/593#
www.energyandcapital.com
MSN UK Article
I saw this on Silicon Investor posted by Yorikki
http://siliconinvestor.advfn.com/readmsg.aspx?msgid=24207785
http://money.uk.msn.com/Investing/articles/john-stepek/article.aspx?cp-documentid=7217609
Britain goes nuclear: how to cash in
By John Stepek
January 11 2008
At last, the government has finally got round to giving the green light for building new nuclear reactors in the UK. John Hutton, the business secretary, announced that nuclear power is "clean, secure and affordable."
It looks like we'll have our first new nuclear power station by as early as 2017, if Luc Oursel, the chief executive of French group Areva, has anything to do with it. The new stations are likely to be built on or close to existing sites, to make planning easier to push through (people are less likely to object to living next to a nuclear power station if they already live next to one).
Of course, the row over nuclear will continue to rage - campaigners such as Greenpeace aren't happy about the decisions and there's also the big question to consider of where all that waste is going to go. I have to say, the waste issue is something that concerns me. But Mark Henderson, the science editor of The Times, makes a very good point on this problem. Apparently, the country "already has enough [nuclear waste] to fill five Albert Halls" so "we will just have to dig a slightly bigger hole that will have to be dug anyway".
Is it worth going green?
Why we need nuclear power
More to the point, there's the big problem of what we'll do if we don't turn to nuclear.
Nuclear accounts for roughly a fifth of our power generation just now, but the trouble is, most of the current generators are due to shut by 2023. And we don't have any alternatives to plug the gap - at least, not if we want to cut carbon emissions and enjoy at least some level of energy security.
Already, the price of oil is at $100 a barrel, at a time when our domestic supplies in the North Sea are rapidly running low. At the same time the UK has moved from being a net exporter of gas to a net importer.
Meanwhile, many coal-fired power stations are also nearing the end of their lives - we've got plenty of coal left here in the UK, but if we want to cut down on our carbon emissions then we can forget about increasing the amount we burn for energy.
And then of course, there are renewables like wind and solar power - all very nice in principle, but still not functioning well enough in reality (though that's not to say they never will).
Have your say: Is nuclear our only option?
Nuclear bonanza
In any case, plenty of companies are looking for the opportunity to pile in. As well as Areva, we've got French peer EDF, British Energy and Centrica from Britain and Germany's E.On and RWE all looking for a shot at building or funding new plants.
But what does all this mean for the overall nuclear investment picture - which is something I've covered here in the past? Well, not much really. While the government has been twiddling its thumbs, plenty of other countries have cheerfully been looking to nuclear power as the solution to their energy problems.
The Chinese are a good example. They're keen on nuclear power and, like us, it's partly down to environmental reasons. Not carbon dioxide emissions of course - they have a much more pressing problem. Their reliance on coal as a power source means massive and dangerous air pollution in the country, so anything that provides a viable alternative looks good to Shanghai.
In fact, one concern is that our government may have taken too long to make its decision.
As Tony Ward of management consultants Ernst & Young told The Telegraph, projects in other countries have already sucked in much of the available funding appetite for nuclear power stations: "There is great competition for resources, components and capital - the UK will need to work hard to remain an attractive option."
And because there's been no investment in the industry for so long, there's likely to be a shortage of home-grown talent to run these power stations. After all, who in the 80s and 90s said they wanted to be a nuclear engineer when they grew up?
Against that backdrop, the government's decision is just a drop in the ocean as far as the nuclear industry is concerned.
Is there anyone left to invest in?
One stock that might still be worth a look for those who have yet to invest in uranium or one of the nuclear engineering groups such as Areva, is US-listed Thorium Power.
What's that, you may well ask? Well thorium is a potential alternative to uranium as nuclear fuel.
The mineral has several big advantages over uranium - for one thing, it's more abundant and in easily accessible locations, with the largest deposits in Australia and India. More importantly, it's less radioactive than uranium and the waste has a much lower half-life (in the hundreds of years, rather than the tens of thousands).
Better yet, thorium could be a solution for disposing of old plutonium stockpiles - these are a real security hazard, in that ex-weapons plutonium is the sort of thing terrorists would love to get their hands on. If you burn the plutonium in a reactor with thorium, then the leftover waste is no longer weapons-grade.
Thorium Power is developing fuel designs for use in nuclear reactors. It's still at a pre-commercial stage, but the company's designs would be usable in currently existing types of reactor, so it wouldn't necessarily be a huge transition to swapping from uranium to thorium.
I would point out that this is a very speculative company. But given that the biggest worry with nuclear power is the waste issue, and this little stock is one of the few ways to play a potential solution, I think it's certainly worth the more adventurous investor investigating it further.
Related links
Investing, investment advice and financial news from MoneyWeek
Have your say: Is nuclear our only option?
Find a green energy provider for your home
Learn more about nuclear energy with Live Search
The future is nuclear
Offset your carbon emissions
Ok, thanks for the response. eom
Thanks, much appreciated.eom
Yes thanks, procurement of permits is the waiting period I like the least.
Nice numbers as expected but we need those permits immediately if not sooner.
It's alive! eom
Form 8-K for THORIUM POWER, LTD
--------------------------------------------------------------------------------
31-Dec-2007
Entry into a Material Definitive Agreement, Other Events, Financial Statements
Item 1.01. Entry Into a Material Definitive Agreement.
On December 27, 2007, Thorium Power, Inc. ("TPI"), a wholly-owned subsidiary of the registrant, entered into an agreement for ampoule irradiation testing (the "Agreement") with the Russian Research Centre Kurchatov Institute ("Kurchatov"). The ampoule irradiation testing program has been ongoing since 2002 pursuant to earlier agreements between TPI and Kurchatov. Under the Agreement TPI agreed to compensate Kurchatov for irradiation testing of TPI's proprietary nuclear fuel designs conducted in 2006 and 2007. Pursuant to the Agreement, TPI is obligated to pay to Kurchatov $410,000.00, and Kurchatov is obligated to transfer to TPI the worldwide rights in all of the test data generated in the course of the irradiation testing of TPI's proprietary nuclear fuel designs in 2006 and 2007 and Kurchatov agrees not to use, in any manner, the work product associated with such testing or exercise any rights associated therewith without the written consent of TPI. Further, Kurchatov is obligated to provide to TPI and its affiliates specified information and documentation for audit purposes, and to obtain any and all permits from Russian governmental entities which may be required in order for Kurchatov to perform under the Agreement.
The Agreement expires on August 31, 2008, but may be terminated by either party upon thirty (30) days written notice. Provisions regarding the transfer of the irradiation testing data and assignment of rights in that data, confidentiality, and limitations on liability, among other provisions, survive any termination of the Agreement. Additionally, Kurchatov may not assign or transfer the Agreement or any of its rights or obligations created under the Agreement, by operation or law or otherwise, without the prior written consent of TPI.
The foregoing description of the Agreement is qualified in its entirety by reference to the full text of the Agreement which will be filed as an exhibit to the registrant's Annual Report on Form 10-KSB for the year ended December 31, 2007.
Item 8.01. Other Events.
On December 26, 2007, the registrant filed an international patent application under the Patent Cooperation Treaty (the "PCT"). The PCT application covers key inventions relating to the registrant's seed-and-blanket fuel technology that have been developed since the original patents owned by the registrant were issued.
Item 9.01. Financial Statements and Exhibits.
(c) Exhibits
Exhibit
No. Description
99.1 Press Release dated December 31, 2007.
http://biz.yahoo.com/e/071231/thpw.ob8-k.html
Very nice, you do good work.
Welcome aboard futuresjackal.
We can just view this as a dip. Small block, so it won't be too painful.
Here's a good read on institutional funds and quants in peticular.:
http://elitetrader.com/vb/attachment.php?s=&postid=1714722
TBLC self updating report: http://knobias.com/institution/customers/companies/reports/pdf/1690437038/1690437038-UNIFIED.pdf
GORO: http://knobias.com/institution/customers/companies/reports/pdf/1994881242/1994881242-UNIFIED.pdf
As for SMD, if you follow Ron Guill's paper trail from his consultantcy fees and board member allotments he's no cheap date, but he appears to be quite forthright and honest so going into this I have little reservation.
We'll soon find out.
Any thoughts on SMD liabilities from Aug. 28 2007 fatality at Getchell Mine, Nevada?
http://www.msha.gov/FocusOn/StoptheFatalities/stopthefatalities.asp
#21 http://www.msha.gov/Fatals/2007/FAB07m21.asp
Sadly these things happen.
Yes, everyone has forgotten about Wisdomtree.
...well, almost everyone. 8-)
Yes, I'm just saying careful, it's Fed day so alot of stocks will be especially volatile. 0.25 expected, 0.50 and volume will ramp. Right now alot of money is flat just watching. It effects every instrument to a degree.
Good luck
http://en.meizu.com/index.asp You guys be careful with CHCG.
They already are, actually I'd like thing to get quiet again for a few more months.
I'm just waiting to see if PRAETORIAN adds or if the well is dry.
Last insider sell was: 11/20/2007 PS HOFFMAN, KURT J 7,000* Form 144 Planned Sale
(Estimated Proceeds of $28,000)
PNLA
They hit the tape last Wed.
Meantime I expect some dillution, not severe.
Todays action proves once again the average investor/trader/speculator always buys and sells at the wrong time. Thank goodness for that.
Agreed and like you,I'm in no great hurry for this flower to unfold.
Profit taking...no surprise.
Despite the elusive nature of TBLC on a daily basis, she's still following all the rules.
http://charts.dacharts.com/2007-12-06/CY398619-215.png