Originally Posted by TedWeir The shrieking amongst those pained (who isn't?) in this market continues but... The action in the gold sector may ramp up soon with juniors acquiring juniors. T Story: Avion Gold shares jump 20% after takeover offer valued at $389 million TORONTO - Junior miner Avion Gold Corp. (TSX:AVR) saw its shares rise to their highest levels since May a day after Endeavour Mining Corp. (TSX:EDV) announced it will acquire Avion in an all-stock deal worth about $389 million. Avion was the most active issue on the Toronto Stock Exchange Wednesday, up 21.43 per cent or 12 cents to 68 cents, with 14 million shares changing hands. Under the deal, Avion shareholders will receive 0.365 of an Endeavour share. The company says that based on Endeavour's closing share price of $2.40 on Tuesday, the deal represents a 56 per cent premium to the closing price of Avion shares. Endeavour ...
Originally Posted by TedWeir Could this be the ultimate killer app and kill all national currencies: bitcoin Kill the nasty smelly derelict evil financial beast left after being self-raped... put the beast down? Bitcoin is becoming an active independent currency and is growing because of the Euro Crisis Cool T Are Bitcoins Becoming Europe's New Safe Haven Currency? By Ross Kenneth Urken Posted 1:23PM 06/18/12 Posted under: Currency Joerg Platzer, a German who owns the Room 77 restaurant in Berlin's hip Kreuzberg section, has lost his appetite for euros. Instead, he has put a large fraction of his money into Bitcoin, an online currency. "What the euro crisis and possible breakdown does is make people think about alternative [currencies] ...
Originally Posted by TedWeir Retail investors are turning to look at gold again. Have a read of Christopher Barker's (of The Motley Fool) article "The Best-Kept Secret in Gold". The really great thing about The Motley Fool is that they do a thorough job when they make a pick. A fact their community knows well. I'm tracking the shifting sentiment of retail investors searching (hoping?) for their return to equity markets. When they do that will herald a return to the healing of stock markets. The retail investing community informed by The Motley Fool is sizable so take this note as an indication 'perhaps' that the return of the precious metals bull market is immanent. G The Best-Kept Secret in Gold By Christopher Barker, The Motley Fool My investment portfolio is chock-full of names you've never heard ...
Originally Posted by TedWeir I am happy to see his sticking to his knitting. You can see his from his attitude towards gold in the article from January where he said: “I will say this about gold. If you took all the gold in the world, it would roughly make a cube 67 feet on a side…Now for that same cube of gold, it would be worth at today’s market prices about $7 trillion dollars – that’s probably about a third of the value of all the stocks in the United States.” “For $7 trillion dollars…you could have all the farmland in the United States, you could have about seven ExxonMobils (XOM, quote), and you could have a trillion dollars of walking-around money…And if you offered me the choice of looking at some 67 foot cube of gold and looking at it all day, and you know me touching it and fondling it occasionally…Call me crazy, but I’ll take the farmland (DBA, quote) and the ExxonMobils.” I am happy because the performance of his stock, Berkshire Hathaway, shows the effect ...
Originally Posted by TedWeir Gold Equities & Gold Price Divergence Nearly Over We've all been waiting for the end of the market distortion that has resulted in gold bullion value and gold equity values going their separate ways. The battle to keep gold in an 'accumulation' range for central bank buying is almost over. While gold will be bouncing as the super-traders in the employ of government work hard to keep it in the desired range. But the equities will be catching up soon as investors sidelined by the fierce short 'para-financial' black-ops traders realize that gold equities are where to be before the run. You will see more and more articles like the following one in the coming couple of months (even while the talking heads babble on about the confusion that they see all around them). Read more here
Originally Posted by Goldbggr Gold's new location: Ground Zero "It's all up from here!" We are watching the formation and coming confirmation that the bottom in gold is in. Inevitably this also means that the world's economy is hitting its head on the ceiling for growth as a result of financial damage. It is already clear that we cannot get ourselves out of the mess created by our management of the fiat system and its built-in requirement for the type of monetary imbalance that encourages the growth of apparent wealth (like apparent wind if you are a sailor). Because it is clear that austerity will limit the return to economic health political bodies will opt for the solution that will destroy the value of the debt already held. That solution is inflation. Printing money. Returning us to the human-shared notion that gold is money. The central banks have been bulking up with gold. China and the US have already planned how the movement will happen in such ...
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 from the video: "I keep hearing people on television saying people aren't buying gold because of inflation," said Schiff. "Gold is a safe haven from inflation." Schiff noted that many are still skeptical of buying into gold, citing widespread fear of a bubble ready to pop. He believes, however, that prices are only going to be higher. Schiff said he was right about this before and he is right about this now. Schiff told RT that the only thing people have to worry about is the devalue of currencies, which continue to go down in value while gold only goes up. "It's not a bubble because gold is not going up," said Schiff. It's paper currency, according to him, that's just losing value. "Gold is simply letting you know that it's occurring."
Originally Posted by TedWeir "Gold is a safe haven and a hedge against political, financial & economic mismanagement and stupidity." Duh. Japan is looking forward and building strength in its bond investors and reducing risk for bond purchasers. USA and Europe should take heed IMO. The comong 'super-crash' will wipe out far to many for recovery to be anything but weak. T ‘Gold For Bonds’ in Japan as Bond Buyers Get Gold Coins - May Enhance Returns 5.9 Times Excerpt from Gold Core: ... The likelihood of further downgrades of hitherto risk free government debt, including France and even Germany, is bullish for gold. Gold cannot be downgraded or debased by politicians or central banks. Indeed, the sort of economic and political mismanagement we see today is what gold thrives on and should lead to further gains in 2012. Gold is a safe haven and a hedge against political, financial & economic mismanagement ...
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