Originally Posted by TedWeir Goldbggr Brief: New Carolin Gold Corp. — Friday, March 16, 2012 This is a rare opportunity, in my opinion, for investors please review—do your own due diligence and speak with a qualified person before making any investment decision. I believe this is a very unique opportunity for investors interested in the long term value potential for gold equities in terms of current conditions and forward currency stability concerns. It's present valuation given the recent P.E.A. done on the gold resource contained in the old Carolin Mine tailings impoundment is highly disconnected from the implied fundamental present value. "... The money: The Company just closed two private placements for a total of approximately $750k 2. PEA (Preliminary Economic Assessment) of the tailings (see March 14 news release) shows a recoverable 24,000 oz gold-resource providing the company potential cash flow. Coming: ...
You have to ask why this is happening. Is it somehow by conscious purpose or is it just that the stupidest, greediest and most ruthless people are running things inside the country?
Originally Posted by TedWeir So much afoot in the world of shifting financial power. It is my opinion that the inflation that affects the price of gold will NOT be because of inflation in US$—the US$ is on its way off center stage. The 'reserve currency' battle is already being lost where the US dollar is concerned: countries are already actively avoiding using the US$ in trade agreements like the one now happening between China and Japan. But it's not just in trade agreements. Iran in having been kicked out of most of the world's central banking cabal is now using gold as a currency. Read this: "...This week we're informed that Iran is using gold or oil to buy food as new financial sanctions have hurt its ability to import basic staples for its 74 million people. The difficulty paying for urgent import needs has contributed to sharp rises in the prices of basic foodstuffs, causing hardship for Iranians with just weeks to go before an election seen as a referendum ...
Originally Posted by TedWeir repost from The Globe and Mail: China’s inflation victory comes with high price Simon Rabinovitch China has slain its inflation demon for now, but in the process it has inflicted considerable damage on the broader economy and raised the spectre of a more serious growth slowdown. On the surface, the latest data looked every part the soft landing that Beijing has been trying to engineer. Inflation dropped sharply to 5.5 per cent year on year from 6.1 per cent a month earlier. Investment, which drives the Chinese economy, held steady with a 24.9 annual per cent increase. But serious trouble lurks in the banking system, the private sector and, above all, the property market. Beijing is certainly not blind to this. But doubts remain over whether its incremental approach to addressing these problems will keep the world’s second-biggest economy on track for robust growth. With Europe’s debt ...
Originally Posted by TedWeir Interesting article that looks at reasons gold and equities have the potential to change trends and once again confound all the 'smart' guys out there. T Gold, Silver And Stocks About To Shift Trends by Chris Vermeulen, Seeking Alpha A lot of eyes were watching the Slovakian Parliament around the closing bell Tuesday as they voted on the European Financial Stability Fund (EFSF). The first vote failed to pass the pending legislation, but members of the opposition party have indicated that they will vote for the bill in a second scheduled vote. The S&P 500 E-Mini futures contract has not sold off sharply on the news, but the trap door risk for equity traders is that the second vote comes up short and the legislation fails unexpectedly. The marketplace is expecting the second vote to pass without issue and if a different scenario plays out selling pressure could become extreme. With earnings season now upon ...
Originally Posted by TedWeir Gold doesn't look like it's going much lower—there still maybe a down draft or two coming but this gold and silver bull market is very very very far from over. After all: Have the banks fixed their issues? Is the economy humming along? Has the great deal of fiat-based wealth destroyed in the derivatives and mortgage-backed securities been 'fixed'? Do you feel safe investing in the raging growth of our world? The central banks (CB) are now "swapping Dollars for Gold"... I wonder why. Perhaps they are also afraid that they cannot 'invent' a new financial market in time? G CB’s Buying Here, Swapping Dollars For Gold by Richard Russell “The signs are growing. I can see the signs in the number of vagrants in La Jolla and south in Pacific Beach (California). As I drive by I see little clusters of men and women (mostly men) huddled ...
Originally Posted by TedWeir Here's a clear example of a major disconnect between bankers who still think they rule the world and the rest of us here in the real world. I say "scum" because the worth of this group of privileged individuals or, perhaps more accurately, the Wall-Street-Gang members, based purely on real performance (as in what value they bring the rest of us) bares no fair resemblance to their obscene remuneration and benefits. Not that all are scum but the mixture of cream and scum is staining the whole business and gaining a view in the public which is growing more negative by the week. All in my opinion, of course. T Occupy This: Wall Street Pay Rises as Profits Fall By Alain Sherter | October 11, 2011 What financial crisis? In 2010, a year when profits on Wall Street fell by more than half, the average salary for securities industry workers in New York City rose 16 percent, ...
Originally Posted by TedWeir The shakeout we've all been 'worried' will happen has happened. This is not the time to believe or trade with the herd. Here's an article that points out the obvious the those who will gather wealth in the next upward movement of the gold price. I am looking for this move to be foretold by a rise in gold and silver producers. Read article here.
Having owned this company, pre forward split, from 0.69 many years ago I was very focused on the recent news and actions of the one-note symphony that the hungry for rapacious-profits short selling the-street gang. repost from Small Cap Network Silvercorp Metals is a Canadian company involved in the acquisition, exploration, development and mining of high-grade silver properties primarily in China as well as in Canada. On Thursday, Silvercorp Metals filed a lawsuit in New York County Supreme Court charging that Alfredlittle.com, Alfred Little, Chinastockwatch.com, Jerry Katz, Simon Moore plus several "John Doe" defendants with spreading "false, defamatory and fraudulent" information about the company on the Internet and as well as in letters to the media and to regulators. Silvercorp Metals alleges that these defendants had attempted to drive down the price of the company’s stock in order to profit from short positions. However and on Friday, ...
Originally Posted by TedWeir Anyone who's been watching our market follies over the past 4 years knows who Marc Faber is. One of the world's leading bears, he is calling gold "quite oversold". Gold bugs and recent converts should pay attention that the correction in gold prices makes buying it a great opportunity right now. But act soon it may be one of the last we will see. repost from Zero Hedge Marc Faber: "Gold Is Quite Oversold. I Will Consider Buying Gold Over The Next Two Days" Anyone trading gold and silver most likely had a heart attack this morning. Of that subset, anyone who survived and traded with conviction made a killing, following an impressive surge in both metals, which saw silver soar from $26 all the way back to $30, after it was made clear that there was no behind the scenes liquidation of the metal but merely more piggybacked margin hikes this time out of China as was first reported by Zero Hedge. Another factor that helped was Marc Faber's ...
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