Caledonia Mining Corporation (CMCL)

[NYBob]

US will revalue gold to $7000.0 per ounce -
Rickards – Aug 15th, 2011 15:10 by News
August 15 (King World News) —

He (Nixon) said first of all I am imposing national price
controls because there was an inflation problem in
the United States at the time.
The second thing he said was I am putting a 10% surtax of
imports on all imported goods coming into the United States.
Then about 10 minutes into the speech, very much en passant,
he said, ‘Oh by the way we are suspending the convertibility
of dollars into gold’ and he immediately went into this
Nixonian rant about speculators.

So it was very interesting, there were three earth-shaking
announcements.
Can you imagine any one of those three things going on today?

President Obama or any President saying he was going to impose
nationwide price controls, or all Chinese goods would have
a 10% surcharge.

It would be cataclysmic, yet Nixon did both of those things.
Plus (Nixon) took us off the gold standard, so it was quite
a dramatic speech.

In a strange way he did us all a favor by making sure we
(the US) held on to the gold.

So I do think the United States is in a position to revalue
the currency using gold to that $7,000 level.

That will obviously be a huge benefit to all of the people
who invested in gold because they are going to be along for
the ride, along with the United States when that gold goes
to $7,000.”

Excerpted from an interview that is available here.

http://kingworldnews.com/kingworldnews/Broadcast/Entries/2011/8/15_Jim_Rickards.html

CALVF GOLD chart TA Alert bull breakout strong



CALVF chart TA alert bull breakout overdue



September is one of the best seasonal month for gold -
a short snippet below:

The Nixon Shock Heard ‘Round the World -
Aug 15th, 2011 12:36 by News

By severing the dollar’s convertibility to gold in 1971,
the president ushered in a decade of inflation and
economic stagnation.

By LEWIS E. LEHRMAN
August 15 (The Wall Street Journal) — On the afternoon of
Friday, Aug. 13, 1971, high-ranking White House and Treasury
Department officials gathered secretly in President Richard
Nixon’s lodge at Camp David.
Treasury Secretary John Connally, on the job for just seven
months, was seated to Nixon’s right. During that momentous
afternoon, however, newcomer Connally was front and center,
put there by a solicitous president.
Nixon, gossiped his staff, was smitten by the big,
self-confident Texan whom the president had charged
with bringing order into his administration’s
bumbling economic policies.

…The most dramatic Connally initiative was to

“close the gold window,” whereby foreign nations

had been able to exchange U.S. dollars for U.S. gold—an

exchange guaranteed under the monetary system set up

under American leadership at Bretton Woods, N.H., in July 1944.

Recently the markets had panicked.

Great Britain had tried to redeem $3 billion for American gold.

So large were the official dollar debts in the hands of foreign

authorities that America’s gold stock would be insufficient

to meet the swelling official demand for American gold at

the convertibility price of $35 per ounce.


GOLD August a good month for the harvest and wedding festivals
begin in September in India ---
the world's largest consumer of gold.

Then come year-end holidays in the United States and
finally Chinese New Year.

By late December, Gold demand can be up to the moon
as a Safe Heaven in future foresight for the People
with fiat$currencies in the Gold basket -

http://www.makestockmarketprofits.com/goldchart.html

CALVF will be a low cost Au production leader

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CAL's A target production rate of 100,000 oz per annum -
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CAL Production Cost Au US$585.0 per ounce -

CAL has 800+ mine workers and located 268 old Gold Mines
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Gold Mines Producers often 1st of GOLD Au Bulls to Fly HIGH -

CAL drilling on NAMA, commenced in March 2011 to identify
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dd....
http://tmx.quotemedia.com/quote.php?qm_symbol=CALVF:US

http://tmx.quotemedia.com/article.php?newsid=8996650&qm_symbol=CAL:CA