Note. still no production - still a debt issue - total market cap above $100 mil. - Comstock, Nevada is famous for old great silver mines but I do pref. silver producer in production ex.... USGIF, U.S. Silver & Gold - http://tmx.quotemedia.com/quote.php?qm_symbol=USA
Note. gold production above 40.000oz/year - NO DEBT - earning 4 penny/sh total market cap below $50 mil. - still have about $20 mil cash - a production facility running @ half capacity - 1000 workers - own many old mines to expand to - producing GOLD for less than $600.-/oz - have some of lowest labour cost in the world and low taxes compared to US and still out of the obama long arm to confiscate gold etc. as dems done in 1934 - I trust even Mugabe 88yrs old who has cancer etc. - and the p.minister Morgan who got majority of votes in last election is a US friend etc. have a good weekend
If you have eyes to see, coordinated central bank monetary and fiscal stimulation action is taking place.
Yesterday was "Draughi Day." Today the Chinese officially released massive fiscal stimulus on top of the already monetary stimulus. Watch for the US Fed to chime in.
QE to infinity MOPEd as sterilized is falling into place. Please review my post from last weekend to you on the illusion of monetary sterilization.
Gold is going to and through $3500.
The approach some long term gold bulls took toward gold, initiating a temporary short directly after Labor Day, is now in the process of backfiring badly.
Regards, Jim
My Dear Extended Family,
Monty Guild, a friend of mine for more than forty years, is the most honest and capable man, in my opinion, in money management.
I respect Monty's feelings on many matters, certainly the macro picture. Monty, like I, believe it is possible that coordinated central bank actions in the USA, EU, Japan and China are being discussed. The economic problems are so severe, so international, so global, so entwined, so insoluble and still caused primarily by the greed of 1990 to present finance in the form of OTC derivatives that only coordinated global action can kick this can one more time.
Gold is truly going to and through $3500.
The gold business is the best business to be in.
Respectfully, Jim
Death of the Dollar -
let's backtrack a bit - so we don't lose the track :-) we have to make sure to stay on the right track with a khazarian 666 gypsy cult media and haarp frequencies brain washing etc. set to to show BS obama & Romney a trillion times and if someone happen to show RON PAUL they get the big boot 666 kick out -
Is gold heading to $4,500? Commentary: Are gold fundamentals, technicals most bullish ever? Gold Surges on Heightened QE Expectations 31-Aug (USAGOLD) — Gold charged to 22-week highs on indications from Fed chairman Bernanke that fresh accommodations were in the offing. The chairman expressed some concern that a further ballooning of the Fed’s balance sheet would result in a loss of “public confidence” in the central bank’s ability to withdraw accommodations at the appropriate time, which sparked a brief intra-speech sell-off in gold. However, let’s be honest here, the Fed probably hasn’t seriously thought about exit strategies since the Obama administration declared “recovery summer” in 2010.
The yellow metal appears poised to confirm a monthly gain of more than 4.5% for August. Nearly 61.8% of the decline from 1790.64 (29-Feb high) to 1526.80 (16-May low) has now been retraced. A short-term break of this Fibonacci level at 1692.32 would offer further confirmation that the influence of the long-term secular bull market in gold are returning to the fore.
The Gold Standard has returned to mainstream U.S. politics for the first time in 30 years, with a “Gold Commission” set to become part of official Republican party policy. Republicans Eye Return to Gold Standard
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