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Gold needs to go to $15,000

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NYBob Member Level  Monday, 07/13/09 03:15:30 PM
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Gold needs to go to $15,000


mick, ex..today’s market conditions are the perfect breeding ground for outstanding gold mining profits.

Just look at history for the best indication.

In the 1970s, the economy was in a recession, inflation was running rampant, a President had resigned and an unpopular war was ending. Oil prices were spiking, and the Iran hostage crisis had tensions in the Middle East boiling over.

It was the perfect conditions for gold prices to set a record – and they did, reaching $850 by January of 1980.

And just look what happened to the share prices of the gold miners of the time:
# Lion Mines

# Bankeno
# Wharf Resources

# Steep Rock
# Mineral Resources
# Azure Resources

Gold mining stocks have historically handed investors
exceptional profits over and over again...
especially during times of crises

And now we’re facing eerily similar situations –
an expensive war in the Middle East,
a raging recession,
inflation looming its head just over the horizon…

Research analysts with UBS Securities recently predicted
that if the U.S. were to monetize its debt with the
equivalent in gold – meaning that every dollar put in
circulation by the Fed’s had to be backed up by its
equivalent in gold – it would bring the price of gold to a
staggering $6,948 an ounce – just to support the value
of the U.S. dollar.

… and since the recession began, gold prices have rocketed
over the $1,000 mark twice so far.

And gold mining companies have performed just as well
as in the past.

Today’s gold companies have already produced exceptional
returns… yet the 1,000% – 1,500% profits on these stocks
is still in the making…

While the S&P stocks have struggled to keep their heads above
water, only delivering an anemic 11% rise in prices (and
that’s including the latest rally)…
We’ve Now Reached “Peak Gold”

Current estimates show that the gold supply is currently 50%
behind current demand.
Bullion is getting harder and harder to find, and gold coins
are tougher to buy than ever before.

It’s a sure sign of “Peak Gold.”
Like Peak Oil, Peak Gold refers to the fact that, out of
all the gold that has been mined in history, 90% has been
taken out of the ground in the last 100 years.

What’s left in the ground is now the hardest to extract.

Take a look at this chart put together by GFMS
(precious metals researchers) and Barrick Gold
(the largest mining firm in the world).

As you can see, the amount of gold being produced is expected
to decline significantly over the coming years.
And while the supply is getting lower and lower, demand for
the precious metal is growing larger and larger.

… the mining companies I regularly follow have been doing

Companies like:

* CG – Low: $0.95, Nov. 2008
High: $ 7.54, Apr. 2009
793 % return

* OZN – Low: $ 0.15, Dec. 2008
High $ 0.93, Feb. 2009
620% return

* ICI – Low: $ 0.19, Nov. 2008
High: $ 0.69, May 2009
363 % return

* AXR – Low: $ 0.52, Dec. 2008
High: $ 2.45, May 2009
471 % return

* SGR – Low: $ 0.60, Oct. 2008
High: $ 2.10, Apr. 2009
350 % return

If you had put just $1000 into each of these five companies,
your $5000 investment would right now be worth $25,970.

That’s an average return of 519.4%.

If you’d put $10,000 into each of these stocks – you’d be
sitting on a pile of money totaling $259,700.

Not bad for about six month’s “work.”

And the profits are just getting started.

By my estimates, and looking at the historic performances of
these mining companies, each of these stocks has at least
another 500% to 1,500% to deliver…

… and that’s just over the short term.

As gold prices take off these returns could be multiplied
an additional ten-fold....

That's about my SGR starting target

To be in the major or venture market, you decide....

ex..Goldcorp, with more gold in reserve than China's central bank,
far less debt on the books than most of its rivals
(just $95 million), one of the lowest cost profiles in the
significant potential discoveries from ongoing exploration,
and one of the world's most exciting new mines nearing production,
I view Goldcorp as top-rate proxy for bullion in a vault.

Glad Goldcorp operations are mostly outside of US
BO'z new neg. mining lawz and tax billz will not negate it -


Well, San Gold is in the same green belt as Goldcorp -
the same fault and rift zone very rich in gold -

Yes, I figured San Gold's price performance would be @ close
to the top of that list -

And not too surprisingly there has been a direct correlation
between the price of gold and gold miners -

Wonder when the next report on development drilling expanding
the hinge zone might be forth coming? -

Its been really exciting to watch them expand the proven reserves -

ex..its also neighbour property larger than
the old Red Lake mine property next to
Goldcorp -
an undeveloped exploration property - held
of CQR since 1945 - a pure penny play

CQR PowerPoint Presentation (May 2009



The price of gold can be volatile in the short term,
gold has always maintained its value over the long term.

Through the years, it has served as a hedge against inflation
and the erosion of major currencies, and thus is
an investment well worth considering....


Gold is strategic long term safety
ex..strategic peanut/penny gold play ..


imo. tia.

is there a link for this stuff?
“Peak Gold”
I wish
imho! -
God Bless

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