Fiat currencies devalue due to central banks Policy of poncy scheme Fiat Paper Expansion -
Gold Prices are Headed Higher -
Gold the Real Money is well above its 200-day moving average for the first time since March -
Gold POG has stayed above its moving average for weeks. In short, this means that the Gold bull market is back.
Central banksters continue to debase their currencies, we are going to see a greater shift back into Gold the only one reserve asset that cannot be printed by any central 666 banksters khazarian gypsy monglers -
The LT trend for Gold prices will be upwards while the trends for the fiat dollar and other currencies will be down -
QE1-3 fiat$ printing of paper ponzy scheme -
QE1 was announced on 25-Nov-08 POG Gold was trading around $816. Slightly less than 2-years later -
QE2 was announced with Gold at $1368. The POG was at $1784 on the announcement of Operation Twist on 21-Sep-11. And last week, when the FOMC statement revealed -
QE3, POG Gold was trading at $1732.- -
CALVF POG Gold is already up more than 2% from the QE3 announcement, with the next significant technical hurdle defined by the highs from 29-Feb-12 and 08-Nov-11 at $1790.64 and $1802.89 respectively. Beyond the latter, the all-time high at $1920.74 and the $2000 psychological barrier beckon.
Caledonia Mining CALVF management has got the shares fast UP twice before - to $6 and to $9.-/share - TI makes a top trend line pointing @ $12 and better :-)
history often repeat itself -
note. CALVF SPO $12 would be pretty nice for the management thee got doubly doubloons dough golden dove laying golden eggs nicely in place - :-)
CALVF Management granted share purchase options over ordinary shares of the Company ("Ordinary Shares") to its directors, officers and employees etc. options outstanding to 39,859,000 - equivalent to approximately 7.85% of Caledonia's issued share capital.
Options have been granted exercisable from September 10, 2012 at a exercisable price of $0.09 (Cdn.) per Ordinary Share.
CALVF EPS: $0.04 (earning per share) CALVF - NO DEBT - CALVF lowest cost GOLD producer current appr. Au 50,000 ounces/year - CALVF GOLD production total cost below $600 per ounce - CALVF GOLD production plant only running @ half capacity - CALVF Blanket Gold Mines starting up 3 more Gold Mines with close trucking distance from the main production plant - CALVF holding about $20 million in cash - CALVF NAMA Zambia 800 Sq.Km Copper & Cobalt resource may become one of the largest in the world with current ongoing drilling CALVF Blanket's cash operating costs in the Quarter decreased to US$547 per ounce of gold produced from US$648 in the preceding quarter and US$585 in the comparable quarter. The decrease in cash costs was due to the higher gold production during the Quarter and the non-recurrence of certain costs which temporarily increased the average cost per ounce in the preceding quarter.
CALVF Blanket Gold Mine production in July 2012 was 4,708 ounces.-
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