CALVF's Blanket Gold Mines commenced the production ramp-up to the targeted annualized rate of 60,000 ounces of gold by the end of 2011 :-) Do some DD....please, click on below link - :-)
Gold mining stocks not only track the price the gold, but they move proportionally higher relative to the current price of gold (and lower if gold price moves down).
So in a manner of thinking they are like option plays on the price of gold without the expiration date.
Note that we are talking about the trading characteristics of a commodity. The price action tends to be characterized by sharp emotional moves and spikes with excited peaks. Gold and gold mining stocks tend to trade and move like small stocks. Keep in mind though that they can still trend in bull markets. You only have to look at the chart above and observe the bull market from 1969 to 1980.
In Chart below, notice the extremely sharp price moves after some base building formations labeled as 1 and then the peak of the moves labeled as 2.
Also note the volume surges - this is what technicians call base building.
Remember bases always take longer to form than tops - the more base building the higher the moves -
What do you conceal? All the secrets which have been intrusted to me. Where do you conceal them? In the heart. Have you a key to gain entrance there? It is a tongue obedient to reason, it speaks in their absence, as in their presence.
GOLD Mine INFO: I am very happy to got CAL - at around $0.10-0.20/share for they have low labour cost and 260 old mines to expand to their 100% owned large Blanket Mine property - about 20 of the old mines have been mined in recent years - and have extensive underground workings - some more than 240 old mine workings goes back long time - some more 1000s of years (Queen Sheba time) and often the Gold grades increase the deeper down the ore working goes -
CAL's Blanket Gold Mines production targeted 100,000 oz gold 2015 -
Gold Mines Producers often 1st of the Au Bulls to Fly HIGH
CAL at a dime or 2/sh and produce GOLD for $650/oz - CAL making soon $1000.-/oz in profit/oz - CAL producing $40000 ounces of GOLD - well, that's about $40,000,000.-- in profit/year :-) Got CAL GOLD Producer :-)
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