Liberty Star Uranium and Metals Corp (LBSR)

[Milo2]

But be assured, they are sitting on the sidelines- and with the news of drilling plans, the announcement of a deal or JV, or the release of the BH ZTEM results we will see an astonishing surge.

HKipp

21k reads today and 90 posts, people are watching and waiting.

K9

LOTS OF FOLLOWERS OF LBSR...AND GROWING

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Macro-picture (from Agora 5' Forecast 3/3/11):

Gold has pulled back from this week’s record highs too, but again not by much. The spot price as we write is $1,424.
“Gold it is no longer a contrarian buy,” warns our friend and Vancouver stalwart Rick Rule, stepping back and looking at the longer-term picture. “But we need to remember that all of world demand is denominated in U.S. dollars, and if the denominator is declining, the numerator only needs to hold even to rise in price.

“So the baseline move in the gold price is accounted for by the deterioration in the U.S. dollar. On top of that, we have continued currency crises in Europe, widespread and serious political instability in the Middle East and North Africa and surprisingly strong physical demand from India and China. “This could be the prelude to an upside blowout.”


In the panic trade of 1979-80, gold shot up from $520 to $850 in less than three weeks. That's 63%. By Feb. 1, 1980, it was back to $620. The price topped $700 a couple more times in 1980 but didn't challenge the panic spike high of $850 again until 2006 -- 26 years later.

We have seen only a gradual increase in the gold price during this current bull market. But just in case history continues its habit of rhyming, you might want to be positioned for another spike, and soon -- not in another two or three weeks. Here are some more ideas on getting in while the gettin's still good...

I'm not sure we would participate in such an 'upside blowout' though, without drill-bits in the ground...