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Re: DanShort post# 2042

Wednesday, 07/31/2013 5:37:25 PM

Wednesday, July 31, 2013 5:37:25 PM

Post# of 4911
Hang in there folks -- the global news is that, particularly in Singapore, gold and silver storage is on the rise with huge facilities newly built to accommodate the stash that is intended to be bought. Also major miners continue to deleverage by writing off nearly $30B in losses..Barrick being the first to admit they got in to deep at the wrong time drilling in the least profitable mines -- gotta mine the one wherein the cost is the least possible..and there ARE such mines all over the globe...Dan et al. are keeping the powder dry because as JR11 just reiterated, the first $190 million from LSTG's mine is probably one of the , relatively speaking, easier mines to unearth...More data to come..