ABOT - this is the most recent email for ABOT
Good Morning All,
ABOT is looking very strong this morning!
Volume is building fast. This could be a very exciting week with all the market attention on ABOT right now!
POTG, a mining company with a focus on Peru, was trading for roughly 15 cents before it broke out and climbed all the way to over A DOLLAR!
Despite pulling back from its all time high this year of over $1900 an oz, gold is still trading pretty high and expected by many to go even higher!
There is evident global economic uncertainty which could drive the price of gold even HIGHER in 2012!
The Top FIVE Reasons Why We Like ABOT
#1 ABOT has a project in Mexico, where the mining industry has been INCREDIBLE in recent years.
ABOT announced that it has formulated an agreement with Rising Star S.A. de C.V., a Mexican Corporation, to acquire 50.00% equity interest in its Mexican mineral property (the "Aztlan 8B Project").
The Aztlan 8B Project is located in the State of Nayarit in the Tecuala Mining District on the west coast of Mexico. The Tecuala Mining District is considered a widely mineralized area and identified as a major deposit of gold and other minerals.
The claim covers 300 plus acres, and is within a few kilometers of the pueblo ' Paulo Blanco '.
The area around the Aztlan 8B has been extensively explored and is currently being mined by several known junior mining companies and geological institutions!
#2 Mexico is a mineral rich country which has one of the LARGEST concentrations of metals and minerals in Latin America!
Mexico's mining output has reached levels never seen before!
In 2010:
- Gold production was 2.7% of world production
- Silver was 19% of world production
- Copper was 2% of total world production
The Mexican Mining Chamber (Camimex) reported a record high of $13.9bil in production value last year!
#3 Gold has been on a decade long hot streak and next year could be the 11th year of gains!
Deutsche Bank has remarked, "We expect the conditions that have driven gold returns higher over the past 11 years will persist into 2012, namely negative real interest rates, a high U.S. equity risk premium and central-bank buying."
Deutsche bank is forecasting $1,750 gold in the first quarter of 2012, $1,850 in the second quarter, then $2,000 in the third and fourth quarters.
Barclays’ forecast for gold in 2012 is $2,000.
#4 Gold can be used in so many industries and can be utilized in medicine, computers, electronics, jewelry, dentistry, coins, space, and much more. The demand is HOT!
A small amount of gold is used in almost every sophisticated electronic device like cell phones, calculators, gps systems and even large television sets.
#5 There are some major players in Mexico:
Agnico-Eagle Mines Ltd (NYSE: AEM), holds interest in the Pinos Altos mine located in northern Mexico and is trading over $35 a share!
Sean Boyd, chief executive officer (CEO) of $7 billion Agnico-Eagle Mines Ltd (NYSE: AEM), recently told King World News "people are looking for hard assets and gold, being one of the primary hard assets, is a major beneficiary. So we don't see any reason to believe this upward trend in gold won't continue. I think it will continue and we will see $2,000 shortly."
Other big players in Mexico include CDE, who through its subsidaries, has a property called the Palmarejo mine located in the state of
Chihuahua, northern Mexico. CDE is trading at over $20 a share!
ABOT levels look very attractive when you look at comparables like that!
We are continuing a VERY STRONG ALERT on ABOT!
Keep ABOT on your radar for more news and action on the stock!
