A quick reminder.
Historically, October is usually a down month for Gold & Silver. So lets remind ourselves that november december months will pick up due to results from soil samples, property accumulation and such.
We have to remember that the saying in the Jr. Mining sector is "sell in may and go away" stands true in this market and all the PR submitted during the summer months are to satisfy the natives(share holders). until REAL news is submitted like Buyouts and such. So all the longs in here, sit tight and be patient. This may take a while longer but stay put.
IMHO, i believe we havent seen anything yet (speaking of the entire jr. Mining sector & Gold). We just had a retracement/ drop in gold from it's high a couple of weeks ago from $1900.00 oz. to around $1575 or so.. I believe that also happened in the 1970's when gold went from $35 oz. in 70' to $200 in mid 1974- then in late 74' gold went from $200 oz. to $100 oz. then from around the end of 74' it rallied from $100-ish to gold's peak of $850 high in Janurary 1980. However- I read that gold mining shares followed suit and peaked in feb/ march of 1980.
So, this could be a wilder ride this time around. because of global financial markets, US elections, La nina weather paterns (we are currently in the 2 year going into the 3rd year of an 7-8 year cycle) which will cause food commodity prices to skyrocket along with a falling dollar.
Also, on top of all that- back in 1970's & 1980's only North America, australia, and Englang could participate in the gold/ Silver market. Now its global, and every culture in the world has used gold / silver throughout their cultural history except the USA. We had gold backed currency for a brief period, but for the first time in world history- all nations are off the gold standard, and Fiat is worthless- SO, this means sooner then later nations will be fighting for the top position in the currancy markets, and people will soon lose trust in Fiat, and will demand a gold backed currency. So whatever jr. Miner you invest in, make sure you have a couple of gold & Silver producers in your portfolio. (IE CGFIA). it make take another year, but financal markets are getting worse not better, so study financial history, and you will see a huge opportunity here jr. min9ing and in CGFIA.
shoots, all you have to do is look at the history of Silverton, and if that isn't enough to convince you, i dont know what is. if I could id be there myself with a pick and axe doing it myself.
hang tough, Go CGFIA
