El Maniel International Inc (EMLL)

[Gold_Dust]

EMLL latest news on Gold prices, this is simular to what I reported to you yesterday regarding Gold movement and European banks not wanting to sell anymore Gold in the near future because they fear a weak dollars impact on thier economy. Demand for Gold has weakened due to drop in jewelry sales but Gold rises due to demand for Gold as a hedge against the US dollar if it weakens.
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From Bloomberg News on Y! Today.

Gold was little changed in New York after climbing to a record for a second day on demand for an alternative to a weakening dollar. Silver reached the highest price since 1980.

The dollar slid to a five-month low against the euro on speculation the Federal Reserve will add to monetary easing to bolster the slowing U.S. economy. Gold held in exchange-traded products climbed the most in more than three months yesterday to an all-time high. Silver climbed above $22 an ounce.

“Speculation of additional stimulus measures and its inflationary implications longer-term continues to draw investors toward gold and silver,” along with a weaker dollar, said James Moore, an analyst at TheBullionDesk.com in London. “Pockets of profit-taking are expected in the run-up to month and quarter end.”

Gold futures for December delivery added as much as $6.50, or 0.5 percent, to $1,314.80 an ounce and traded at $1,310.70 at 8 a.m. on the Comex in New York. Bullion for immediate delivery in London was up 0.1 percent at $1,309.70 an ounce after reaching a record $1,313.45.

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During the last Gold RUsh in stocks 1975-1980
Exerps from 21st Century Gold Rush


In 1975 most gold and silver stocks were trading at under $2 and a lot were penny stocks under $0.50. Even with gold up 600% from the 1971 low of $32 to the 1975 top of $200 most gold and silver shares did little to make anyone wake up and take notice. I worked for Dominic & Dominic at the time and the President was one of the Biggest Gold Bulls who became famous for going to Japan to sell them Gold. I held a few seminars in an attempt to push Gold stocks as well as Bullion getting an order was like pulling teeth. It was not until gold retraced the first big sell-off back above $200 did the gold and silver stocks start there historic bull market that would end at un-imaginable prices.

Some examples were: Lion Mines - 1975 price $0.07 / 1980 price $380 YES that's right it's not a misprint you could of bought 10,000 shares of lion mines in 1975 for around $700 dollars and if you held on for the whole 5 years January 1980 you could have netted a total profit of around $3,799,300. Not bad hey!!!!! A few others were Bankeno - 1975 price $1.25 / 1980 price $430. Wharf Resources - 1975 price $0.40 / 1980 price $560. Steep Rock - 1975 price $.93 / 1980 price $440 Mineral Resources - 1975 price $.60 / 1980 price $415 . Azure Resources - 1975 price $0.05 / 1980 price $109.

No question about it, that was one of the biggest financial opportunities in history. I don't know of any other time in history, not even the dot.com bubble where in only a 5 year time span you could have turned so little money into so much wealth. "You only need to make one good investment decisions in your whole life to be super successful". I believe we are now at that same juncture as we were in 1976-78, but only this time the fundamentals are even better for gold and silver than they were back then.
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link to article:

http://www.gold-eagle.com/editorials_05/baltin072205.html

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Good luck today everyone Go EMLL