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Spoke too soon!! Now I got it...
Only 10000 so far. EOM
I have a bid at .027 so I hope for a little a.m. dip!!
Looks like its creeping up. EOM
As a non-producing gold company with 8 milliom p/p they should be $4.50 to %5.00 a share.
I spend about 80% of my working day searching for undervalued stocks and/or hidden "gems", because I have an easy job. I do so much DD that I dream stocks and financials when I sleep at night. No $hit!! There are some very undervalued stocks out there but nowhere, I repeat nowhere is there anything remotely as undervalued as AURC. Never have I heard of a $.19 cent stock sitting on 8 million ounces of gold at the beginning of a huge gold bull market rally that none of us have ever seen. I don't get it!!! REALLY, I don't... Yea it's a pink sheet and it is being shorted to death, but who long can this last??? This board must own at least 90% of tradable shares. Hell, me and my friends own 5% of the tradable shares!!! I have a hard time buying other stocks right now cause this seems to be the buy of my life!!! Please, am I wrong here??? Fill me in on what I am missing.
Is anyone on this board buying at these levels??
Besides the fact that it shot up about 2000% in a month, NO!!!
Veteran gold guru J. Taylor says gold market still in the early innings.
J. Taylor has had an interest in gold for most of his professional life. In fact, his fascination with gold mining prompted him to study geology at Hunter College in New York City, supplementing his MBA in Finance & Investments. Throughout his career Mr. Taylor worked as a commercial, then as an investment banker. Most recently, he worked in the mining and metals group of ING Barings in New York. In 1997, he resigned from ING Barings to devote himself full time to researching mining & technology stocks, writing his newsletter and assisting companies in raising venture capital. J. Taylor is currently editor of J Taylor's Gold & Technology Stocks newsletter. StockHouse Publisher and Executive Editor Darin Diehl spoke with J. Taylor this week to get his views on the ongoing opportunity gold holds for investors.
StockHouse: Gold investors have experienced quite a wild ride recently. How would you characterize the current investment environment for gold?
J. Taylor: I believe we are still in the early stages of a long secular bull market in gold. Clearly, we're having more volatility now than we've had recently. We've had some pretty exciting movement in both directions. But I think gold is still very cheap. And I think in the U.S., if you were to find 1% of the population the least bit interested in believing in gold as an investment, I would be surprised if it were that high. Gold just isn't something that Americans think of as a worthy investment. Canadians are more attuned to the mining industry in general and the opportunities it presents whether it's gold, base metals or whatever. There's more sort of a natural inclination for Canadians to think more in terms of investment in gold and gold share investments, especially the mining share investments, than it is on the part of the Americans.
SH: But you believe that could change in the U.S. at some point?
JT: I expect it will change. But I believe the reason that most Americans don't think about gold as an investment is because they really don't understand what gold is. You'll hear most commentators talk about gold in the same vein as they do copper, or lead, or zinc. They'll think of it as a commodity. It's not a commodity, it's money. Gold is unique then when you have monetary problems. What we are just starting to see now, globally, are growing monetary problems with the U.S. dollar global monetary system. We are just starting to see some strain in that system that probably is going to threaten the existing monetary system at some point. And as a lack of confidence in the existing monetary system grows, I think the Americans will be the last ones to jump into gold. They'll get in near the top for the most part. Other people around the world understand more and are less confident in the United States dollar than Americans are. But that's why I am extremely bullish on gold.
SH: How would you characterize the difference in investing directly in gold bullion as opposed to investing in junior gold mining firms?
JT: Well, bullion is the safest way to invest and to protect your wealth. I think James Turk points out in an article in Barron's that it's not so much that gold is rising, or that commodities are rising, it's that the currency is declining in value because there's so much more of it. So how does the investor protect their wealth against the ravages of inflation, which is what we really have. Everything is costing more now. So how does one protect themselves? Well the first place to start is having a core of bullion, by buying gold coins, gold funds or ETFs. But the real upside should come from the shares. I personally like to structure the portfolio with some seniors. I like Goldcorp (TSX: T.G, BullBoards), I like Newmont (TSX: T.NMC, BullBoards). I have Agnico-Eagle (TSX: T.AEM, BullBoards). Those are three of my favourites that I have as sort of the core holding in the portfolio. Then I like to go out from there to the juniors. These small-cap companies, and most of them are Canadian companies, when they find a million ounces, or two or three or four million ounces of gold in the ground, they've really added a tremendous amount of intrinsic value in percentage terms relative to the market cap. So generally speaking, we should see these shares rise much more dramatically than the bullion. But of course there's more risk involved. There are all kinds of risk when you buy shares in a mining company. You have business risk, you have political risk, and you have environmental risk. We have a rule of thumb for our subscribers, and I strongly encourage this, that they not allocate more than 5% of their portfolio to any one company at the time of purchase. We do that to force some discipline on people so they don't get so enamored by a story that they back up a truck and put everything they've got into one or two stocks.
SH: Can you expand a bit on the market risks involved with investing in gold and gold stocks at this time?
JT: I believe that we could have a deflationary collapse that could really wreck havoc, especially on base metal companies and even on energy. But I worry about most that we could have an economic decline of great magnitude. I think we're due for a major deflationary collapse. The only question is when. What I see now is that inflation is live and well. So increasing the interest rates, certainly with the enormous amounts of debt especially in the U.S., I think could really throw the whole thing into reverse. The big question then is what happens to gold and gold shares in that case. Just recently we saw a real contraction in the equity prices for a couple of days. We saw a huge decline in copper and some of the other base metals. We saw a three or four day deflationary scare and that seems to have been abated once again. But we saw the shares come down quite a bit, we saw gold come down in nominal terms. So I think that if we had a deflationary event we could have a compression of prices across the board. If that happened, in my view, it would be a great buying opportunity because I expect that gold is going to perform better than almost anything else, if we have this real extreme deflationary collapse. And history would bear that out.
SH: What sort of allocation would you suggest investors employ for gold and gold stocks within their portfolio?
JT: More conservative people suggest five to 10% in your portfolio. I am more convinced that we're in a raging bull market in gold so I'm more aggressive than that. In our model portfolio, we have 18% in producing gold and silver companies, we have 30% in junior mining companies, and we have 4% in silver and gold bullion. So about 52% of our portfolio is in gold, gold and silver, bullion and shares.
SH: Do you have a last word of advice for gold investors.
JT: I would say that we are in a long-term bull market and not to try to trade in and out of this market, but to sit with it. The problem with trying to trade in and out is when you're in a secular bull market, a lot of the times the train pulls out of the station without you. As the gold price has run up to $600 and $700, we've had people constantly calling for a correction. And they jumped out and missed the move. And I think that, especially in the early years of a bull market, people don't believe that it's for real. Remember we've had 20 years of a bear market in gold. So it's hard for people to believe that things are different. So what I would say to people is that we are in a long-term bull market for gold. We are probably in the third inning of a nine inning game. And we've seen $700 gold pull back to $650. The second leg up is probably going to take us to well over $1,000. Then we're going to have a violent correction sometime, but then we're going to have a third leg up that's going to take us to some level that is probably close to parity with the Dow Jones Industrial. In other words, the Dow could come down to 6,000 and gold could go to $6,000 for example.
SH: Thanks for your time Jay.
JT: My pleasure.
Veteran gold guru J. Taylor says gold market still in the early innings.
J. Taylor has had an interest in gold for most of his professional life. In fact, his fascination with gold mining prompted him to study geology at Hunter College in New York City, supplementing his MBA in Finance & Investments. Throughout his career Mr. Taylor worked as a commercial, then as an investment banker. Most recently, he worked in the mining and metals group of ING Barings in New York. In 1997, he resigned from ING Barings to devote himself full time to researching mining & technology stocks, writing his newsletter and assisting companies in raising venture capital. J. Taylor is currently editor of J Taylor's Gold & Technology Stocks newsletter. StockHouse Publisher and Executive Editor Darin Diehl spoke with J. Taylor this week to get his views on the ongoing opportunity gold holds for investors.
StockHouse: Gold investors have experienced quite a wild ride recently. How would you characterize the current investment environment for gold?
J. Taylor: I believe we are still in the early stages of a long secular bull market in gold. Clearly, we're having more volatility now than we've had recently. We've had some pretty exciting movement in both directions. But I think gold is still very cheap. And I think in the U.S., if you were to find 1% of the population the least bit interested in believing in gold as an investment, I would be surprised if it were that high. Gold just isn't something that Americans think of as a worthy investment. Canadians are more attuned to the mining industry in general and the opportunities it presents whether it's gold, base metals or whatever. There's more sort of a natural inclination for Canadians to think more in terms of investment in gold and gold share investments, especially the mining share investments, than it is on the part of the Americans.
SH: But you believe that could change in the U.S. at some point?
JT: I expect it will change. But I believe the reason that most Americans don't think about gold as an investment is because they really don't understand what gold is. You'll hear most commentators talk about gold in the same vein as they do copper, or lead, or zinc. They'll think of it as a commodity. It's not a commodity, it's money. Gold is unique then when you have monetary problems. What we are just starting to see now, globally, are growing monetary problems with the U.S. dollar global monetary system. We are just starting to see some strain in that system that probably is going to threaten the existing monetary system at some point. And as a lack of confidence in the existing monetary system grows, I think the Americans will be the last ones to jump into gold. They'll get in near the top for the most part. Other people around the world understand more and are less confident in the United States dollar than Americans are. But that's why I am extremely bullish on gold.
SH: How would you characterize the difference in investing directly in gold bullion as opposed to investing in junior gold mining firms?
JT: Well, bullion is the safest way to invest and to protect your wealth. I think James Turk points out in an article in Barron's that it's not so much that gold is rising, or that commodities are rising, it's that the currency is declining in value because there's so much more of it. So how does the investor protect their wealth against the ravages of inflation, which is what we really have. Everything is costing more now. So how does one protect themselves? Well the first place to start is having a core of bullion, by buying gold coins, gold funds or ETFs. But the real upside should come from the shares. I personally like to structure the portfolio with some seniors. I like Goldcorp (TSX: T.G, BullBoards), I like Newmont (TSX: T.NMC, BullBoards). I have Agnico-Eagle (TSX: T.AEM, BullBoards). Those are three of my favourites that I have as sort of the core holding in the portfolio. Then I like to go out from there to the juniors. These small-cap companies, and most of them are Canadian companies, when they find a million ounces, or two or three or four million ounces of gold in the ground, they've really added a tremendous amount of intrinsic value in percentage terms relative to the market cap. So generally speaking, we should see these shares rise much more dramatically than the bullion. But of course there's more risk involved. There are all kinds of risk when you buy shares in a mining company. You have business risk, you have political risk, and you have environmental risk. We have a rule of thumb for our subscribers, and I strongly encourage this, that they not allocate more than 5% of their portfolio to any one company at the time of purchase. We do that to force some discipline on people so they don't get so enamored by a story that they back up a truck and put everything they've got into one or two stocks.
SH: Can you expand a bit on the market risks involved with investing in gold and gold stocks at this time?
JT: I believe that we could have a deflationary collapse that could really wreck havoc, especially on base metal companies and even on energy. But I worry about most that we could have an economic decline of great magnitude. I think we're due for a major deflationary collapse. The only question is when. What I see now is that inflation is live and well. So increasing the interest rates, certainly with the enormous amounts of debt especially in the U.S., I think could really throw the whole thing into reverse. The big question then is what happens to gold and gold shares in that case. Just recently we saw a real contraction in the equity prices for a couple of days. We saw a huge decline in copper and some of the other base metals. We saw a three or four day deflationary scare and that seems to have been abated once again. But we saw the shares come down quite a bit, we saw gold come down in nominal terms. So I think that if we had a deflationary event we could have a compression of prices across the board. If that happened, in my view, it would be a great buying opportunity because I expect that gold is going to perform better than almost anything else, if we have this real extreme deflationary collapse. And history would bear that out.
SH: What sort of allocation would you suggest investors employ for gold and gold stocks within their portfolio?
JT: More conservative people suggest five to 10% in your portfolio. I am more convinced that we're in a raging bull market in gold so I'm more aggressive than that. In our model portfolio, we have 18% in producing gold and silver companies, we have 30% in junior mining companies, and we have 4% in silver and gold bullion. So about 52% of our portfolio is in gold, gold and silver, bullion and shares.
SH: Do you have a last word of advice for gold investors.
JT: I would say that we are in a long-term bull market and not to try to trade in and out of this market, but to sit with it. The problem with trying to trade in and out is when you're in a secular bull market, a lot of the times the train pulls out of the station without you. As the gold price has run up to $600 and $700, we've had people constantly calling for a correction. And they jumped out and missed the move. And I think that, especially in the early years of a bull market, people don't believe that it's for real. Remember we've had 20 years of a bear market in gold. So it's hard for people to believe that things are different. So what I would say to people is that we are in a long-term bull market for gold. We are probably in the third inning of a nine inning game. And we've seen $700 gold pull back to $650. The second leg up is probably going to take us to well over $1,000. Then we're going to have a violent correction sometime, but then we're going to have a third leg up that's going to take us to some level that is probably close to parity with the Dow Jones Industrial. In other words, the Dow could come down to 6,000 and gold could go to $6,000 for example.
SH: Thanks for your time Jay.
JT: My pleasure.
They filled my order!! Let her fly.
They filled 550 shares of my order!!! That's just mean...
I have an order at .041 and they just had a trade at .04. That's crap!!!
I just threw a couple grand at this!! Between this one and AURC I think I will come out ahead. No more pink sheets for me... the venture exchange is bad enough! God bless all vets this weekend, especially all Marines!!!
I was a share holder on UNB.v a while back and everyone knew that they had the goods that were stated in some of their previous PR's. They had to clarify some wording that was illegal, something to the same extent about AURC's assets and liabilities. People said the president was a liar and sold off. There was a huge panic sell off and the true believers bought up all the shares and held most of the float just like we do here at AURC. The PPS after the panic was $.15 cents and about a month or so later it was up to $.65 a share. AURC has 8 million ounces of gold and that is a fact, so .20 cents per share is a joke!! The management of this company would really have to blow it in order for this not to go up from this price.
Check out every gold stock that has declined in this correction and you will see that all of them have widening BB on a declining price. Even the major indexes have widening BB!!!
Posted by: Countmein
In reply to: makesumgravy who wrote msg# 6311 Date:5/23/2006 10:03:20 PM
Post #of 6314
A poem for Parkin
Here I sit all calm and rested.
Most of my money I have invested.
In a company whose goal is sure to soar..
I have a few shares, I'd like some more.
I have not bugged you with email and calls.
But send me some good news or a PR with balls.
I'll leave you alone cause I know your busy.
Just thinking of the potential makes me dizzy.
Work hard Mr. Parkin all through the night.
Take every consideration in getting it right.
Tomorrows a new day and don't be late.
All good things come to those that wait!
GLTA
Count
Outstanding!!!! LOL... Ihave to pass that one on!!!
euddoggwyn, I have been reading about reverse mergers for the last hour or so and NDOL does indeed look different because of their assets. Everything I read talks about one company have all the assets and the other simply being a "shell". In this case they both have the goods and seems as if they are developing a monster company. Thanks for pointing out he difference in foreign and domestic RM's.
Interesting to see that some of those companies started out like that. Thanks for the info!!
Thanks... I will look into what companies have done this.
I have been trading stocks and options for some time now in the U.S. and Canada, but am very new to pink sheets. So, I have an honest question about reverse mergers. The concept is new to me and NDOL is the first company I have seen do such a thing.
Question: What other companies have you guys seen do a reverse merger and what was the end result of it??? Thanks
I have been trading stocks and options for some time now in the U.S. and Canada, but am very new to pink sheets. So, I have an honest question about reverse mergers. The concept is new to me and NDOL is the first company I have seen do such a thing.
Question: What other companies have you guys seen do a reverse merger and what was the end result of it??? Thanks.
Article:
The U.S. government doesn't like to admit it, but there are serious problems surrounding the U.S. currency. The most obvious is their debt.
05/18/2006 $8,344,917,929,456.38
http://www.publicdebt.treas.gov/opd/opdpenny.htm
These are insane numbers and while we're continually told it's manageable, many brilliant minds in the world of economics will tell you otherwise. Investors in gold will be quick to tell you a collapse of the U.S. currency is inevitable and when it does, we'll see a major flight to gold as a safety net. Only time will tell but so long as U.S. debt remains this high, gold appears to be a safe bet - as do mining stocks in general as the fundamentals to continue supporting higher metal prices remain strong.
The Bulls and Bears are in a tug-of-war right now, but below are a few things to keep in mind. There is support for both camps but personally I'll continue to believe the bull market for mining stocks is far from over.
Bear Camp
Concerns over Iran, inflation, rising interest rates and bond yields. This is leading to a fear of slower economic and profit growth and higher bond yields would make equities less attractive.
Demand for commodities would slow in North America with rising interest rates and any monetary tightening in China would add to the correction in metal prices (although the long term demand side still looks very good from China and India).
May to October is cyclically slow for stocks (although summer rallies often catch investors off guard).
Bull Camp
Major issues with American debt levels and the U.S. dollar (as mentioned above). This will likely continue to support a high gold price (and typically along with it, silver).
Supply & demand issues remain with oil and gas and likely will not be resolved anytime soon. Mideast tension will increase volatility and a war in Iran would push oil prices higher. Alternatives to high energy costs push uranium and coal into the spotlight.
Demand from India and China for raw materials should keep base metal prices high for several years.
The prior bear market in commodity prices lasted around 20 years, so it would be surprising if this bull market ended after only five years. Fundamentals of growth in Asia do not support a sudden drop in demand for commodities as both China and Asia account for approx. 2.5 Billion people. Prices for commodities like copper in particular have been pushed too high and were in need of a correction, but unlike the run we saw in tech stocks, there is enormous global demand for depleting natural resources.
Maybe that is why we have seen a decline in volume as of late? With all of us "long and strong" share holders the MM's must be dealing with a small float. That could explain the drop in price because they are trying to steal them for as cheap as possible. They know that it is just a matter of time before the big boys start putting in market orders and then they are forced to raise the PPS a lot higher than what it is right now.
They Won't Believe Until Gold is Much Higher -- Dr. Richard S. Appel
Friday, March 31, 2006
Source: Financial Insights (www.financialinsights.org)
By Dr. Richard S. Appel
March 31, 2006 - Across the past several years gold's price has risen from its $252.50 nadir to a recent $572 high. Yet, despite the fact that it has more than doubled in price, few individuals or investors truly recognize that its Bull Market even exists.
Since 1999, the eternal metal has plodded ever higher. It experienced both excited sharp advances and frightening declines. Violent upwaves were often followed by price reversals that tested the mettle of the steadfast gold-bugs. Some were thrown from the bull's back, but numerous others could not be shaken from the market. For those who trusted their judgment and understood the underlying fundamentals driving gold's unrelenting ascent, the recognition of the truth helped sustain their determination and kept them invested.
It is common for secular Bull Markets to be accompanied by not only skepticism but also by fear and disbelief. Despite the fact that substantial profits accrued to those who early understood that gold was destined to be propelled far higher in price, the average person still can not fathom gold's destiny. While it seemed obvious to a few, the reality remained elusive to the average man. For good or for bad, it could not have been any other way. For, historically, it is not until the final stages of any Bull Market that the public enters and drives the market price to dizzying heights that culminate in final tops.
I penned an article, "So Few Believe" in November, 2003, that I hoped would help investors recognize that gold was indeed in a primary Bull Market. Just as today, I attempted to share my insights with those who would follow my reasoning with an open mind. I tried to educate the reader so that he would recognize that gold's fate was sealed.
Not much has changed since 2003, regarding the public's awareness of the yellow metal's secular Bull Market. They still remain unaware and are likely to continue until the final bull stage.
The primary reason underpinning gold's Bull Market is fostered by the actions of our government. Our nation has been moving along a path where our Fed and government's actions have undermined not only the present but the future value of the dollar. This is due to the ongoing policies which if anything have become more damaging and progressive, thus predetermining gold's destiny. That is, to trend higher for the foreseeable future as it responds to the flood of inflationary dollars that our Federal Reserve and government continues to produce.
The purchasing power and exchange value of currencies, that are only backed by faith in the integrity of the issuing government, is primarily determined by supply and demand. If the rulers of a country expand their supply of money in excess of the increase in goods and services offered on their markets, they cheapen the worth of the already circulating currency. Similarly, if a country inflates its monetary aggregates, their unit's ability to purchase other currencies diminishes.
In both cases, this reduces the amount of things that their money can purchase. In the nation itself the cost of goods and services will be driven higher by the increased number of monetary units available to bid for them. On the currency exchanges, they will purchase fewer units of the legal tender of other countries as the sellers of the over-issued money overwhelm other currency offerings.
This is where gold shines. It prevents governments from an excessive creation of paper, or now electronic, money. Under the discipline of gold a governing body cannot create more of their monetary units than they have gold to back them. This is the beauty of gold! It disciplines governing officials and forces them to live within their budgets. They cannot summarily issue money to pay for their overspending without suffering the consequences.
Gold has been the only item that mankind has always desired and repeatedly recognized as true money. From the beginning of civilization it was the sole item that has endured the test of time, and offered civilized man a benchmark of value.
Originally, governments tied their money to gold. They included precious metal in their coinage to foster confidence. It was truly the sole substance that was both coveted and universally accepted as something of eternal value. From peasants to emperors, gold represented lasting wealth. After all, it always required long hours of arduous sweat and labor to recover a small quantity of the lustrous metal from the bowels of the earth. Further, it was something that could not be duplicated. These were among the reasons why gold entered the world's monetary system.
However, I must wonder if the primary reason for its desirability was that it kept their governments honest. It prevented politicians from debasing their money by issuing greater amounts of monetary units beyond the quantity of gold that they possessed to back them.
MOST INVESTORS HAVE DIFFICULTY UNDERSTANDING GOLD OR THE MARKETS
In the U.S., the media compares gold with copper and pork bellies. They discuss its value as they would any commodity. We are frequently told that "gold is too volatile" to be a sound investment. This, despite the fact that it has lagged behind the price rises of most metals. We are bombarded by negative gold statements. Further, not only our officials but the press, espouse the belief that neither our budget nor our balance of payments deficits matter. Decades ago, similar domestic bureaucrats also told us that budget deficits don't matter. For those who remember they said, "because we owe it to ourselves". However, the truth is that they do matter! If they aren't eliminated the dollar credits that must be created to fund the overspending, will eventually destroy the dollar's purchasing power, our bonds, and potentially our economy. This occurred in the late 1970's. Inflation rose well into the double digits, interest rates hit 20%, American business markedly slowed and, not surprisingly, gold touched $875 an ounce.
Yet, in part I must acknowledge that they are correct, at least in the short term. As long as our citizens allow the deficits to build, and the rest of the world remain deceived and continue to accept our paper and electronically created dollars for their products, it truly doesn't matter. Unfortunately, the time is moving ever nearer when this will change.
In fact, we are beginning to hear the first rumblings of a move away from the dollar. Numerous countries are starting to shy away from the greenback. Japan, China, Russia, and a number of other nations are making efforts to reduce their dollar accumulations. China seems to be at the forefront by seeking assets for which they can trade their massive U.S. currency holdings. Additionally, Iran is attempting to launch a euro based market for oil. If this comes to pass, whether in Iran or another nation, the world's need for dollars will enter a waterfall decline. For the dollar to remain relatively strong it will require further American ingenuity. Our government will have to create new reasons to convince the rest of the world to continue holding dollars.
Most Americans are ill prepared to recognize the importance of gold, or to even fathom the complexities of the financial and economic world. Mathematics is one of the primary building blocks that are necessary to understand the intricacies of the financial universe.
In our youth, most of us had our first introduction to this discipline in the classroom. When I went to elementary school I had one teacher. She taught us a number of different subjects during the school day. She did it all.
Math is in and of itself a subject that can be quite intimidating. In fact, many of us were taught by teachers who themselves were uncomfortable with the topic. I am certain that they did their best. But in the case of those in my generation it is likely that numerous educators inadvertently instilled their hesitation if not fear of the subject into their students. Is it any wonder why numerous highly intelligent individuals continue to shy away from anything mathematic. If this is the case, how can they possibly have a full command of what occurs in the financial realm. Thus, they are forced to rely upon the media or alleged experts who themselves may have their own agendas, present misinformation, or know little more than do they.
Today, the gold market is experiencing yet another correction within what I believe will prove to be its greatest Bull Market. It has probed the $530-$535 level from where it arose unscathed, and is now within striking distance of its bull high. While its $534 low may prove to be the point from which it will continue to trend higher, I feel that further backing and filling and possible lower levels should not be ruled out.
Gold's 200-day moving average is $486.42 and its 50-day one is $554.97. At Friday's $556.75 London second fix, the yellow metal again tentatively moved above its 50-day average, while it continues to trade far above its 200-day line. This indicates that it remains in an overbought condition. To my mind it would be healthy for its market to work off this condition. If gold trades in its current range or even probes yet a lower zone, it will build a strong base from where it can initiate its next substantial advance.
THEY LIKELY WON'T BELIEVE FOR QUITE SOME TIME
Given the virtually universal refusal to even consider that the eternal metal is in a Bull Market, it seems to me that it may take quite a while before the masses first begin to view gold differently. It may not be until far later in its bullish ascent that the average person begins acquiring the yellow metal. This will likely result when the dollar is far lower on international markets, inflation is patently obvious to everyone, and the government's statistics will become widely questioned. Only then will gold be sought by the man in the street. Until that time, the average American will neither understand nor believe.
Do not despair. For when they do we will likely witness a massive price rise that will bring back memories of late 1979 and early 1980.That was when gold rose from the $400 range to $875 in less than six months. You had to be there to believe it! And, perhaps you will have another similar opportunity before this gold bull takes his last breath. It will only be then when they will believe, but prices will be far higher. In fact, the final explosive advance will be created by a late-coming panicked public, just as it was in gold's 1970's Bull Market. And, I hope that we will both be sufficiently perceptive to sell them our holdings when the world once again clamors for the eternal metal.
--------------------------------------------------------------------------------
The above was excerpted from the April 2006 issue of Financial Insights © March 26, 2006.
I publish Financial Insights. It is a monthly newsletter in which I discuss gold, the financial markets, as well as various junior resource stocks that I believe offer great price appreciation potential. Please visit my website www.financialinsights.org where you will be able to view previous issues of Financial Insights, as well as the companies that I am presently following. You will also be able to learn about me and about a special subscription offer.
Great read brikk!!! I look forward to the gold rally in the second half of the year.
The TSX Venture exchange is turning around and I think this is it for the commodity decline. Gold and AURC will head up from here.
Looks like AURC is finally starting to break away from NDOL!!!
Has anyone heard of the 4 year cycle?? It looks as if it may be happening right now!!! Dow 8,000 is coming. I have my put options purchased!!!
I see Russia, China, and other nations buying gold because America is killing itself with debt. Countries are hedging against the declining dollar, which impacts the rest of the world, and they are all gobbling up gold. I see gold doubling from these prices not from inflation but the decline in the U.S. economy.
There is no such thing as bad publicity. If someone is trying to bring interest to AURC, then IMHO it is positive.
In late 1980 gold topped off at the official record high of $850 an ounce.
When we plug in the numbers we see that $850 in 1980's money has the same buying power as $2061.04 in today's money.
This means that gold is nowhere near the "quarter century high" you've been hearing about on TV and the radio.
Moreover this means that the real all-time high is well over $2,000 an ounce. This is one of the main reasons why you're hearing people calling for $2,000 and $3,000 an ounce gold.
Now these types of bull markets typically last about a decade. And being as we just about halfway through there is still plenty of time, and room for that matter, for gold to hit get back on par with its 1980 prices.
Certainly investors who bought gold when it most recently bottomed at $252 per ounce a few years back have made significant profits.
Since that time gold has more than doubled and there have been some terrific gains in both the physical metal and the paper precious metals markets (i.e. mining equities, futures, options, and derivatives)
But here's the fact: $850 yesterday does not equal $850 today. So you might just say that today's $700 gold is quite cheap.
Will gold match its actual value high of over $2000? I can't say. But one thing is certain: gold is going much higher than today's levels.
Gold has increased as much as 38.7% so far this year.
Going twelve months back, gold has increased 75.6%.
Now as a long-time gold and gold-stock investor and speculator, I have been following this gold bull market since it arose from its own ashes back in late 2000 and early 2001 when the yellow metal was trading in the $250s
Back then there were scores of forecasters calling for sub-$200 gold. And only a radical minority believed a global commodity super bull market was being born.
But with gold now up 160% since its April 2001 multi-decade low, the bull is hard to refute.
The same exact thing is true with the rest of the traded metals.
Precious and base metals have experienced stellar increases over the past months fuelling the interests of investment banks and mutual funds to jump on for the ride.
Today’s sell off is nothing more than a pothole on Bull Market Street. It catches our attention but won’t stop anyone from driving down it.
Metals overall have looked overextended for a while and were overdue a correction. It’s a fact of the markets…nothing goes straight up. Heck, take a look at the tech/internet boom of the late 90s.
And it’s no different now.
The bull-run will certainly continue as investment demand increases in the face of geopolitical uncertainty and rising oil prices.
Today the gold market saw a 6% correction. We could see a pull back up to 10% in the near term during the typically quiet summer period. But over the long term gold prices will continue higher.
Gold has been known and used as a store of value since prehistoric times. And it’s highly unlikely that humans will ever see it as worthless.
So you have to recognize that gold will never be worth $0. As a result, the downside risk to owning physical gold is limited.
If things shape up like I’m expecting them to, you’ll be highly rewarded by owning gold.
I just picked some up at $.29-.295. They won't fill it if I place a bid at .29 but I move it up to .30 and then they fill it at .29 or .295...
I said that the Stockhouse board gives no information, not the iHUB board. This board is the most informative board that I have ever read. Relax!!!
Now that the savior is here we all know the end is near!!! lol
First time posting on iHUB but have been reading posts here for a while now. I got in BIG a couple of weeks ago at $.25 and will start posting my DD here. The Stockhouse BB's have become boring and noone on the AURC board gives out any good info.