CALVF has some advantages with comparison to USA and Canada - e.g., low taxes; Corporate Income tax at 25% - lower labour cost but a happy work force - :-) Indigenisation program Mugabe talked about for 20 years - but the leading Peoples opposition don't want - year 2015 is a deadline - self declared king pin Mugabe 88yrs old is sadly in serious cancer sickness - Blanket Gold Mines Project - the capacity of the secondary and tertiary crushers was increased to over 2,000 tpd and the capacity of the rod mills was increased to 1,800 tpd. The product from the regrind mill is pumped into a carbon in leach ("CIL") plant consisting of eight, 600 cubic meter leach tanks equipped with 45 kW agitators where leaching at 50% solids and simultaneous adsorption of dissolved gold onto activated carbon takes place. The CIL plant has a design capacity of 3,800 tonnes of milled ore per day. Elution of the gold from the loaded carbon and electro winning is done on site. Gold is deposited onto wire wool cathodes, the loaded cathodes are acid-digested and the resultant gold solids are smelted to produce gold bullion of approximately 90% purity, prior to Blanket exporting it directly to Rand Refinery in South Africa for final refining and sale. The full proceeds of sale (i.e. before payment of any royalty) are paid to Blanket's foreign currency account with a commercial bank within approximately 7 days of receipt of the gold by Rand Refineries. http://www.caledoniamining.com/blanket3test2.php
This is the first time in the past decade - when there has been a convergence of the major three technical signals -
GOLD & Metal Mining Stocks Approaching Most Oversold - Level Since Start of Bull Market -
The obvious pair trade here is to go long mining stocks and short the S&P500 - This is the first time in the past decade when there has been a convergence of these three technical signals. Not only has the XAU/SPX fallen outside of its long-term trend channel, but both the RSI and MACD indicators are flashing oversold. Conditions such as this tend not to persist for long, especially against a backdrop of strengthening fundamentals for precious metals. by Jason
a Golden rule is that once the price breaks above the 3rd fanline of the 3-arc Fan Correction, it is free to take off higher, but if we have figured out the game plan in advance we don't have to miss out on a juicy $100 advance to that point while we wait for such confirmation. Instead, buying now and jamming in a stop below the support shown makes a lot more sense from a risk/reward perspective -
Caledonia's Financial Reports tells us a Real Good Future -
for Caledonia low cost Gold production & Great Earnings....enjoy - :-)
Gold Market Update - Did Gold Stocks Bottom Last Week? -
GOLD last summer high when investors sought refuge from the EURO fiat DEBT, which was falling apart of its components had a really hard time peddling their legacy of EURO DEBT and the debt only going higher in US & EURO - GOLD will be bullish UP and much HIGHER when more want SAFETY from HIGH fiat DEBT -
Elliott wave predicts GOLD @ $32,659.-- per ounce - :-) on the 16 Jan 2015 -
Europeans credited the ancient city to everyone from wandering Phoenicians to the biblical Queen of Sheba. In so doing, they began a long insidious European tradition of willful misinterpretation of Africa's past, until, in the ultimate irony, the place where human history began would become a place with no history of its own.
"Cloaked in darkness since medieval times, the spectacular ruins of the once dazzling, southern African kingdom of Great Zimbabwe posed a thorny dilemma for white settlers who claimed to have 'discovered' the region a mere hundred years before. Refusing to believe the massive, finely hewn walls could be the product of native culture, white "experts" eager to claim the land for Europeans credited the ancient city to everyone from wandering Phoenicians to the biblical Queen of Sheba.
In so doing, they began a long insidious European tradition of willful misinterpretation of Africa's past, until, in the ultimate irony, the place where human history began would become a place with no history of its own.
Now, trek inland to the remote site of Great Zimbabwe, a fabulous "lost city," which reached its glory in the 14th century. Then, sift the sands of time to uncover the equally splendid culture of Africa's Swahili Coast. The fabulously wealthy center of the thriving gold and ivory trades until the 16th century, its cities now lie all but forgotten, buried under centuries of indifference. Reclaiming their past from a long tradition of racial prejudice and neglect, the descendants of these lost cultures are only now discovering the extraordinary achievements of Africa's indigenous civilizations.
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