Mining Minerals & Metals Share Discussion Threads

[1waving] 18/6/2009 18:19

Don't normally mention other stocks here uninvited, but an exception for this one.
Have come across an interesting short and long term play in XTR.
Production testing drill results imminent on their Sarikiz-2 well in Turkey which looks a real cracker from what is already known. Good diversified assets overall but Turkey looks the real deal in the immediate term. Seems to be short term selling/profit taking at present. Production results due.

DYOR and all that.

[robbi123] 17/6/2009 09:24

I echo the thoughts of every other member of this board, hope you make a speedy recovery mate.

[loafingchard] 16/6/2009 17:34

All the best BB , get well soon

[serpicouk] 15/6/2009 19:27

...I wonder if the idea is to reduce the 'magic' of gold by turning it into 'fiat gold'...after all, everyone loves fiat systems...

...I wonder whether 'gold' will actually mean the same thing in 50 years time...may be something else will have to act as 'gold' once the nature of the real thing has been fully corrupted....

...'let it be done'...I hear them cry.

[share_shark] 14/6/2009 19:25

1Waving. One point of teasing is to see if anyone is reading the links.

Some folks do.

Well done you. ;-)

[1waving] 14/6/2009 18:16

share_shark ------ very revealing article and interview from such a senior figure as John Embry, Chief Investment Strategist at Sprott Asset Management.. One piece of the interview that stands out:--

TGR: So why hasn't the price gone up?

JE: It has gone up. But the fact is that, with the paper gold market, if you look at the short positions that the commercials, that the bullion banks, which are the agents of the U.S. government are running, it's a complete fraud.

TGR: How so?

JE: Because they couldn't possibly deliver on their paper promises if they were called by the people on the other side of the trade. The gold isn't there to deliver. They've cleaned out most of the western central banks. So we're real close. I think gold will be $1,500 before the end of the year.
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[share_shark] 14/6/2009 13:43

Apologise for the above useless post. My laptop seems to have committed Hari Kari and will not allow me to edit.It must have heat stroke, like me.

However, there may be one or two links, which may be of some interest,to one or two of you.

[share_shark] 13/6/2009 09:12

Canadian missing Gold. ( ;-) )


Mint looks for gold, freezes worker bonuses.

[share_shark] 13/6/2009 00:42

Of minor interest.

Eldorado Gold mentioned.
One of two interesting links/videos on mining/investing etc.too

Plus mention of those shiny little nuggets. ;-)





'Mad Money' Spotlight: Cramer's Gold Producers
06/12/09 - 01:16 PM EDT

NEM , EGO , AEM Scott Eden
Several gold-mining concerns drew the attention of Jim Cramer during his "Mad Money" program Thursday evening.
More on NEM Can Chinese Demand Fuel Freeport?Safe Gold PlaysForeign Funds Gain on U.S. Inflation FearsAnalysts' Upgrades, Downgrades: GoogleDividend.com: Morning PlaybookTop Takes From RealMoneyCramer: Precious Metal PullbackMad Money Spotlight: Mining SectorSilver: A Safe BetInvesting Strategy: Gold Market Activity Eldorado Gold Corporation| EGO DOWNNewmont Mining Corporation| NEM DOWNEldorado Gold(EGO Quote) and Agnico-Eagle Mines(AEM Quote) received his bullish imprimatur,Newmont Mining(NEM Quote) his bearish. So what are these shiny little nuggets in the bottom of his pan?
Eldorado, a Canadian producer, owns big mines in Turkey and China. Its trailing 12-month revenue is about $250 million. In the latest quarter, it posted per-share earnings of 4 cents, missing expectations by a penny.
Its shares have tracked higher year-to-date by about 15%, on the back of (like all gold producers) gold prices that have been tickling the $1,000 mark. In Friday trading, the stock was changing hands at $8.78, down 4% from the previous session.
Agnico-Eagle Mines, another Canadian producer, brought in revenue over the last 12 months of about $360 million. It takes much of its gold out of the ground in Quebec. In April, the company posted earnings growth of 75%, mostly the result of a gain in previously paid taxes, and trimmed its production estimates for the year to a range between 550,000 and 575,000 ounces.
Its stock is up 10% on the year, and was trading Friday at $54.44, down 3.9%.
Newmont Mining, lastly (and according to Cramer leastly), is among the world's largest gold producers. Based in Colorado, the company has mines all over the world and trailing 12-month revenue of $5.8 billion. Newmont's latest quarterly results were better than expected, though a steep drop (48%) from a year ago.
Newmont stock has trailed its peers, rising by a little more than 9% year-to-date. Friday afternoon, the stock was trading at $45.21, down 3.6%.

[1waving] 12/6/2009 15:07

Following on from the Royal Canadian Mint calling in the auditors and the RCMP article.


Dear Friends,

You know that information that comes to me has been reliable. You also know that the entire purpose of all of working here at JSMineset has been to get you through this safely. You also know that if we had not been here hundreds of thousands of people now holding gold would not be.

So please pay attention to the following.

I have heard rumors for some time, but today it was confirmed to me, that the Canadian mint's present problems are not unique and that other depositories (vaults) have had an army of auditors descend on them in the last two weeks. Some of these depositories have names so famous that it would scare the hell out of you. The repercussions would be drastic if they turn out to be troubled.

Why take the risk?

I suggest to you now that you take delivery of all gold held in vaults and depositories on your behalf, but this time even from the most prestigious.

You can get delivery via armoured car service to your bank and utilize safe depository, spread over a few banks. You can insure your safe depository if you do not mind making your holdings public.

I believe that this recommendation is warranted, but also it will be the financial saviour of many.

Respectfully yours,
Jim
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The depositories calling in auditors is one thing --- getting the likes of the Comex, supposed gold bullion ETF's and banks holdings is another. The paper gold institutions will not invite anyone near to bringing their skeletons out of the cupboard.

[1waving] 11/6/2009 14:07

From jsmineset 8th June:--

You always offer me, among the many other lamentations in your communication, the fear that gold and the dollar will always be manipulated to withhold true pricing.

My answer is manipulation only works in the direction anything wants to go in the first place, which gold and the dollar have so far proven correct. Step back and from the day to day ticks and look at the big picture.

The problems out there are so big that no central bank, treasury or group of Banksters anywhere on the planet can afford to handle them. Right now if it were not for the charisma of the new Administration things would have unwound completely.

In time, the problems of today's financial world to which there is no practical solution will overwhelm the manipulation by simple size of money motivated into the gold market and the number of newly created dollars for sale.

The size of the dollar pool is infinite, and the amount of gold is finite. That is the equation which will make Alf right in his take on the price. It only takes a failure of confidence to motivate the equation. This is why I have been trying to give you clear direction free of the fog of emotion and spin in order to protect you.

At every turn the media, government and Banksters have been trying to get you to dump your protection.

Stay the course. Gold is going to save more than your financial position.

Jim Sinclair
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Note: Alf's numbers are predicting $3,000 to $4,000 per ounce for gold during this next leg up.

Jim is also predicting a major move around 15th June.

[1waving] 11/6/2009 11:23

Gold investments -- check they are holding the real stuff. Even the Royal Canadian Mint seems to have a problem:--

Royal Canadian Mint ordered to call in RCMP over missing gold

Last Updated: Tuesday, June 9, 2009 | 5:11 PM ET Comments152Recommend74The Canadian Press
The federal government has told the Royal Canadian Mint to call in the RCMP to help find its missing gold and silver.

Rob Merrifield, minister responsible for the mint, told the House of Commons Tuesday he has instructed the agency to seek assistance from the Mounties.

The Toronto Star reported Tuesday that auditors are trying to track precious metals, believed to be gold, worth in the "double digits" of millions.
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Full article:--


Also read elsewhere that Barclays recently changed the wording in their gold ETF to 'gold' from 'gold bullion'. Now what might might they be holding --- paper gold IOU's, or derivatives to put it another way.

Very few 'gold holding' institutions will allow their actual gold bullion to be audited.

I wonder why ????????????????