Righteous trader Posted this before> Article - Fake gold bars out of tungsten a counterfeit story http://wakingthebull.com/entry.php?8...nterfeit-story
$46.57 now closing at hod 50 break then 75 next
Radio clip> Silver the investment of the decade - Eric Sprott Silver's performance over the next three to five years is likely to treble that of gold, says Sprott Asset Management Chairman, Eric Sprott, and he is still bullish on gold as well http://www.mineweb.com/mineweb/view/...ail&pid=102055
[url]http://wakingthebull.com/entry.php?831-Video-The-Curious-Case-For-936-Ounce-Silver[/url]
40 an oz here we come $$$. Then once we get the 50 break its off to the races and blue sky territory. We been pounding the table on silver for many years, but I'm still optimistic the best is still yet to come. !!! We all know Qe 3 Qe 4 is coming and the dollar ponzi scheme days are numbered.
$Silver is now @ $34.00> That is the highest price since March 1980. Spot Silver: http://www.kitco.com/charts/livesilver.html
http://terresacree.org/ressourcesanglais.jpg click to see Table showing Silver Supply exhausted near 2020 supporting the U.S.G.S. forcast that silver would be the first element in the periodic table to become "extinct" about 2020. "Projecte...d dates for the exhaustion of exploitable natural resources at current consumption rates." However, the industrial consumption rate of silver is INCREASING, while the supply is DECREASING
Silver made a fresh new High on Friday hitting 29.38 surpassing the old YTD high of 29.34. With gold hitting over 1400, using a silver to gold ratio of just 32-1 should put the value of silver well over 40 an oz. Looking for 30+ this week as silver is poised to move higher, for our readers who were listening sub 10 this has been a phenomenal run, but we think we will continue to see higher highs.
Miners Priced to Move: Northgate Minerals " It's no secret that precious metal stocks have enjoyed noteworthy strength here as metal prices continue their multiyear advance. But even the hottest sector around can have its laggards. When a rising tide like gold and silver seeks to carry all ships, turn on your Foolish sonar, and locate some submarines before they reach the surface. Currently, some of my own sonar's loudest pings are bouncing off of Northgate Minerals (AMEX: NXG). This stock came out smelling like roses when I lined-up five junior gold producers in a side-by-side comparison back in July, and 44% of respondents to our Motley Poll agreed Northgate was the cream of that crop. Despite another solid year of gold price gains, however, Northgate's stock has gone absolutely nowhere in 2010. Initial production targets were stymied by disappointing shortfalls at the company's two Australian mines (Fosterville and Stawell). As my colleague Andrew Sullivan suggested within his own bullish assessment of Northgate, investors may also be discounting a rather light year of production for 2011. Northgate is laboring to build the Young-Davidson mine (targeting production in the first quarter of 2012), while the outgoing flagship Kemess South mine approaches the end of its operating life. But just because the stock has been asleep, doesn't mean the company has! Northgate continues to deliver shareholder value by the most efficient means possible in this industry: by the tip of the exploration drill. This week, the company unveiled phenomenal results from drilling aimed at establishing the potential for an underground operation at Kemess North (where an open pit mine permit has previously been denied). Intersecting wide zones of high-grade gold and copper ore -- including one 80-meter interval with 2.4 grams of gold per ton and a copper concentration of 0.78% -- this underground mine option is beginning to look very promising from a stanpoint of economic feasibility. Meanwhile, those Australian mines continue to telegraph additional reserve expansions in the works as Northgate reveals high-grade intercepts at both properties. At Stawell, where production is now expected to return to normal going forward, new discoveries like the Waterloo zone are yielding gold grades as high as 24 grams per ton over a promising 10.6-meter interval. At Fosterville, the Phoenix deposit -- not to be confused with Rubicon Minerals' (AMEX: RBY) similarly named bonanza in Ontario -- is shaping up nicely as an organic growth engine of its own." Read More.....
Close at the 50 (MA) @ 2.97, chart is still intact still needs to be monitored next few sessions.
12.31 now looking good, lets see if we test 13.58 short term 50 (MA)
Hmmm, even the few things still made in America will still be making money for our new Chinese Overlords. What a mess!
This will be a major source of profitable trading from now to $900+
Silver hit 24 the other day, still a far cry from the 50 oz price if we were at a 32-1 ratio not to mention a 16-1 ratio.
Hit 45.05 thus far want to see that 51 area into earnings ramp up, that would be $$$$ sweet.
Was thinking might make for a good long term investment, been a crack berry user for some time and enjoy the BB messenger to keep in touch with friends and family.
I'm thinking will run with the market for the rest of the week. The hope is that earnings will be ok and that forward guidence will be good. There by blowing away the short side. So gap up after hours is the hope for bulls I believe. Still hope makes the world turn around and maybe that will cause stock appreciation in the coming days no matter what, but I don't think so again unless the market takes the lead.
It' a good friend to have when the printing presses will be turned on again.
Silver is my friend!
7.62 now $$$$
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