Colorado Goldfields Inc. (fka CGFI)

[museman]

ScotiaNostra.... Precious metals is the place to be in my opinion too. We are in a serendipitous place to get in too. After an early beginning of the summer doldrums due to the rise in margin rates for futures contracts and the Soros sell signal, all the speculator lemmings jumped off the cliff giving us a buy opportunity as prices settle back toward moving averages.
Also I think the world is watching the dollar’s death throes speculating on a last gasp or a miracle cure. Bernanke can’t try a QE3 per se because he is catching flack for the previous QE’s which only enriched the banker/broker elite who started the catastrophe in the first place. But if he allows interest rates to rise the government would soon default on interest payments. Consequently, he has to print dollars no matter what he calls the next QE. The big picture seems obvious: dollar down – gold up. All this as today’s news shows that worker’s pay share of record corporate profits has reached an all time low. I see civil disorder ahead.
But our gold stocks are special situations trading on their own internally generated news. Gold could drop 1000 dollars or rise to 5000 and our mines will still be viable. The Gold index is steady but the miners index has had a hard drop. The gurus are contemplating whether this situation portends further downside in gold or a buying opportunity in mining stocks. I think it is a great time to continue averaging in.
.. banks ? supply side, trickle down, voodoo economics will eventually come to roost and gold and silver bars will be great to have under the mattress. pharmaceuticals ? not while Obama Care presses down on profits. Maybe a biotec mutual fund. And maybe it is time to get into uranium.
But it is absolutely time to accumulate these gold mining bargains. Sorry M T Pockets for drifting off topic.