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Friday, September 24, 2010 11:49:38 AM
24 Sept 2010--This is obviously a great time and price to buy our shares for all those that write us and ask, if for no other reason than we have nowhere to go but up. We did mention it was a great time to buy GOLD, broke $1300 per Troy Oz. today. We think $1500+ before backing-off. Much stronger is possible due to the printing of money and the desire of the Fed to see some inflation. This is something they have never previously said. If they continue with Quantitative Easing (unabashed printing of money, very inflationary) Gold Prices could exceed several thousand per ounce. We published that Gold would hit $3000 back 1999, but also cautioned it would not start that move until 2003 (the move actually started November 2002).
Our Gold Property efforts and oil production acquisitions continue with certain success. We have been in talks with our partners and we all agree that propriety is most important right now so as to not run up prices on neighboring prospects from our news. So please be patient, we will talk about things at the most propitious time, but not today.
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