CALVF - GOLD POG has no ceiling - for its no limit on how much fiatmone papers will be printed. Fed basically said as much but NO - Let's keep in mind that no market moves in a straight line up or down and the above only refers to the LT long-term trend.
Note QE 3 is open-ended, in the words of the Fed "will remain appropriate for a considerable time after the economic recovery strengthens." In other words, the Fed is promising that it won't start raising interest rates as soon as the economy looks like it is recovering but will wait until the economy is actually prospering - People 666 dumbed down by flourite may trust them? -
CALVF - Gold Enhanced Target Chart -
US Dollar Sell Signal Chart
Caledonia Mining Corp. CALVF Chart TI P&F Call CALBull Price Objective $0.38 next Target
CALEDONIA MINING CORPORATION Results for the second quarter ended 30 June 2012
Caledonia has made well over US$100,000,000 from gold production at their Blanket Mining operation. The company is also now in the process of reconditioning and/or adding infrastructure on 3 additional satellite mines to increase their production to around 60,000 Au ounces per year. That makes for a lot of Gold for one of the lowest production cost.
Note. CALVF also told investors that in last month alone (July), the company produced 4,708 ounces.
ex. even if the gold production stay @ 4,708oz/mon for next 12 mon. its Au 56,596 oz/year and with POG @ $1773.-/oz its about $100 million/year CALVF has about $20 million in cash - NO DEBT - and the Blanket Mine running still only @ half its production capacity
btw. CALVF has increased their gold production every quarter - ex. CALVF produced 11,560 ounces of gold in the second quarter - 26 per cent more than the preceding quarter -
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