Or, one could say Peak Gold, is "UnReal! Meaning, there are many who believed, industry wide, hedge fund, speculator, industrial grade users, etc., that the "cost" to pull Au out of the ground would continue to rise, while the "value" of the ore pulled out either declined, or held steady. Forcing many to "abandon" their leases or forcing them to file BK.
Several under estimated the global events that have "equally" contributed to the increase in Au spot price...day after day...
Your right on the money, Texan! The economic data continues to make this once sleeping bear, a true "Bull in the china shop!" Literally.
Given the recent BLM filings, land lease renewals, SR/JV consolidations, as well as, references to "historical" ore deposits/grades, the geology of the locals (NV,AZ,NM,WY,Canada, Africa, Australlia,) and the like; ALL seem to suggest a shift in production style for the players already bringing the "yellow crude" out of the ground.
To be sure, GG-Gold Corp, has one of the lowest cost to produce of any SR player. Therefore, as JV's like FFGO, and others, prepare for potential take over and/or consolidation, with other global data keeping pressure on the spot price of Au, only time will tell.
To reiterate what I started out saying....
Gold Spot prices are "Un-Real"!!!!!!
With NMGL recent control over RENS-Aspa Gold, and given the 8-k data associated with same, this is only the begining!
Maybe the NMGL (fund) has other "targets" to accumulate in the portfolio, therefore solidifying the "guarantee" of preferred "a", & "b" shares to FFGO shareholders?
At this point, the price I have on the table in FFGO will be worth the wait to see what takes place in 2011!
Go FFGO!!!!
KyBourbon
