Loading ...Hellooooooooo..Glad you’re still alive 
and online to boot !
Tried calling you a few times this evening but no luck…. Hopefully you are reading your e-mails..Needed to talk to you but I’ll just forward a few things to you..Got a message from that nice geologist Frank, and I’ll forward it to you. Get some good rest and relax, you really need and deserve it ! Love ya.
PS, say hi to Dave for me
All we need to do, considering how our portfolios have done recently, is to ‘incur a writedown’. That’s what the big boys do, incur a writedown. I noticed that jsmineset even talked about another writedown today, I think with Ford Motor Co.
If you figure out how to do a writedown, please post the details and let me know how things are at the other end of a writedown. Have a good weekend all. Equiz.
Yes I am alive. I happen to be at the Parrot Cove Lodge right now due to weird circumstance’s today. We delivered a load of sand here today to take care of the erosion from the storm and I was in Belize City saying goodbye to Farmgal[she is going back to get her eye surgery],and hitting the law firm. Also dropping off Redneck and son at Municipal airport so they can take a look at Caye Caulker. My security guard locked the doors behind us this morning and I am locked out of house tonight sooooo down to Parrots Cove to look at the placement of sand and to get paid. Well,the owner threw me a key and said bed down Irish you need a shower …I wound up in the room Humanoid and I shared last Oct. It still stings pretty bad…..
Aside from the issues with one of our partners,things are shaping up well for us across the board. Moving up in visibility with government ..people are taking what we stand for seriously and beginning to notice. Yes it is slow..and I must keep from flying off the hook when one of us doesnt get taken care of the way I think they should[Cosmic..I was in the bank today right after you called with old Cyrystal and pushed her hard on the issue in question]
Wish I could have gone with Farmgal but things are too important to too many down here. She is one hell of a wife and understands and supports all this crazy stuff I am setting up.
The gold sector is ready to move big time[yeah I always say that] but something is different with the bond spreads and rooted inflation begining to hit joe 6 like a hammer. Keeping what we accumulate will become paramount….I have said that over and over for 4 years….Ex Pat Chile I commend you wherever you are tonight. Humanoid I say to you….I will never quit and I will secure our position down here… day in and out till I am dust [then someone vote with my id card and use my passport] haaaaa
I must get a satellite cause the cable is now held up some by the damage to the mountian passes and such.
I doesn’t mean I don’t think about all of you every single day. We are a very lucky group of people to have each other so close together and able to do things as a unit. I have nothing more to add…just be good and stay tight.
meeting for 2010 to nab the G-8 biggies to stop by to talk to and listen to Goldtenters while the G-8 entourage is enroute to Huntsville? Cheers. Equiz.
Good article. Lays out the big picture simply and succinctly, in a level-headed, non-alarmist way that people who aren’t familiar with the concepts (and those who are, but in a scattered way) can understand, and maybe even respond to. ( I tend to be more strident when I talk to people about it; can’t seem to help it.) Going to give article to a few people and see if it does any good.
Bill:
According to Kitco, rhodium is now selling for over $10,000/ounce. Also according to Kitco, the average selling price of rhodium in June 2003 was $455.95, the average low for at least the last eight years. Now I ask you, in 2003, where should an investor have put the $455? In a savings account? In the DJIA? Or in an ounce of rhodium? What about today? Where should an investor put his or her money? In a savings account? In the DJIA? Or in an ounce of silver or gold?
Jay
Down 41%. That was a former high flyer. Not sure I understand the importance of the news today. Monster volume.
You know it’s a good day when CDE and GSS move the HUI up. Huge volume in CDE, good volume in GSS. I’m thinking there was some short covering? Since the short pigs know in advance what direction the metals are going to go, why would they bother to cover their two favorite mid-tier whipping boys? I kinda felt like shorts were covering yesterday but were let off the hook by weak goldbugs. I think we’re going higher pronto. Maybe gold will be a safehaven this time around. Fer sure, not much else worked today. :)
This feels like we’re going to explode - metals and miners. Maybe the miners are going to move like they did 5 years ago. Imagine what the HUI would look like if CDE and GSS did a double or triple? YIKES.
Mexico Mike on a GATA supporter and on the way it is…
Hi Bill!
Paramount Gold and Silver is one of the juniors that has been steadily reporting new exploration success and building a large silver resource in Mexico, yet it has seen its share price slide like many others.
However over the last week or so it has begun to make gains on higher volume and today they announced a deal with Garibaldi Resources to acquire more property area in close proximity to their flagship holdings. I own shares of both companies, and I think this is a win-win deal. But more importantly, my investment strategy has been to buy the hell out of all the juniors that are achieving success yet have declining share prices. This kind of divergence cannot go on forever, and something has to give. I think it will be resolved to the upside. Gold and silver production has not risen to keep pace with the higher metals prices, and most of the larger producers are not replacing the reserves they have mined. Big deposits with favorable economics are only going to become more attractive the longer this goes on.
Unless people believe that the metals have topped and will begin a long term downtrend, it is about the easiest decision to make to load up on all these cheap juniors right now. Sure, we may have to wait a while to get paid off, and there could be lower lows ahead before the stocks resume a bull market uptrend. But that uptrend is coming and before you can sell high, you have to buy low.
Credit the management of Paramount to stay focused and reward shareholders with the rising asset value of the gold and silver in the ground that they have proven up. And its a feather in the hat to be able to look down the road and acquire new property area so the pipeline is full for the next phase. But credit should also go out to the shareholders that have the guts to recognize value and hold on to this company even while the market has been difficult and so many others are getting shaken loose from their holdings.
Never let a bear market tell you what a company is worth. If you know what you invest in, and you have patience, the real value of the juniors will eventually get priced in, and the companies that have been successful to prove up large deposits will be awarded a premium, as they should be. There was a lot of groaning and whining at the Vancouver Show last weekend, but the truth is that a bear market phase in a long term bull market is a gift. It provides the opportunity to buy the best companies at rock bottom prices before the next big move higher. We should all be happy and confident, yet so rarely do people seize that chance to really make money. Paramount has begun rising on strong volume, so maybe the bottom is in. I do not lose any sleep at night worrying about it.
I cannot tell you when the recovery is going to happen, but I can say with confidence that we are going to see a bull market for the juniors in spades, before all this is over. The people who were buying now at the bottom will look very smart when that time comes. And the sellers will probably do what losers usually do in that situation: they will tell their friends they could have made a million dollars if they just held onto that stock they owned, blah..blah…blah…
cheers!
MexicoMike
www.smartinvestment.ca
GATA supporter ECU Silver hits again and still no one cares…
June 19, 2008
ECU Silver Reports Significant Exploration Results at Velardena Properties
TORONTO, ONTARIO–(Marketwire - June 19, 2008) - ECU Silver Mining (TSX:ECU) -
Highlights
- Terneras East demonstrates 200 by 600 metres (650 by 1,970 feet) of lateral and vertical continuity.
- 2.00 g/t Au, 1,455 g/t Ag, 6.16% Pb and 2.50% Zn over width of 2.05 metres (6.7 feet).
- New Chicago vein demonstrates 400 by 600 metres (1,310 by 1,970 feet) of lateral and vertical continuity.
- 1.40 g/t Au, 306 g/t Ag, 2.13% Pb and 7.1% Zn over width of 0.7 metres (2.4 feet).
-END-
On a positive note…
UP 13% in 30 MINUTES—IT CAN HAPPEN QUICK
BILL:
IT CAN HAPPEN QUICK. COER` DE LENE MINES was $2.85 per share with 30 minutes until the close. In the next 30 minutes it EXPLODED. It closed at $3.25 up 33 cents for the day. I would urge the people who continue to give their precious metals shares away on every downtick to realize how potentially EXPLOSIVE these shares are. I beleive today`s EXPLOSIVE finish in CDE is the prelude to what is about to happen SOON. ——Howie Katchen—-Marina Del Rey, Ca.
The XAU was little changed at 178.60. The HUI gained 6.17 to 415.43.
Re: Chairman’s Corner - Thursday, June 19, 2008
Title: CNN Reporter to Air Important Piece on SIVs
Author: Jim Sinclair
Dear Friends,
The most correct and courageous reporter in the US media is on CNN. He is a great friend of the Community and a respected personal friend by the name of Greg Hunter. He deserves all our respect and support.
There are but a few precious voices in the media with his courage to speak out. He is dedicated to the protection of his fellow man.
This weekend, he is going to cover an extremely important subject, outlining a hidden but yet-to-be-understood weakness that will prove to be the ultimate SIV killer in the now any-prime problem.
Please be sure to tune into “Your Money” on CNN TV. The show will be airing at 1 pm Saturday, and 3 pm Sunday when our media hero will lay a heavy one on the SIVs, simultaneously saving thousands of families from personal and emotional disasters.
This is a war, do not be mistaken.
Whatever you face directly, you will certainly defeat. Whatever you run from will always defeat you. Stand with Greg, with me, and with our fellow Band of Brothers and Sisters. You are the only means by which all wars have ever been won or ever will be won. You, Greg, myself and our gang are the foot soldiers together with you in the trenches.
We surely are in our own way a Band of Brothers and Sisters living by a code. Together we are legion. Alone, disorganized and as victims, you create a target-rich area.
Greg is one of us. Watch the presentation scheduled for close to the end of the show.
He will give you a website link. Spread that link to every corner of the internet and save many families from the clutches of the demonic money grubbers who set them up to fall.
Greg knows what he is facing but damn the torpedoes, he is full speed ahead without concern for risk in any form.
Hold tight, stand firm and then launch the counter attack of all time. This is the road to certain success.
Sincerely,
Jim Sinclair
Great video ! Love Bono, Reed and Bowie
Hope ya’ll have a great weekend..
Amazing picture! I have never seen the corkscrew condensation from the prop tips like that.
goldtent.net/wp_gold/wp-content/uploads/2008/06/b-17_flying_fortress.jpg
I wrote a bunch of Junior Gold companies as Sinclair requested. Best to act rather than sit around and complain. Minefinders promptly replied that they fully support Sinclair and what he is doing and are in contact with him. This is a great Sivler company, good reserves, and have their stockholders best interest in mind as they develope their company with their own cash flow instead of diluting the stock or going into debt.
They have been been beaten down for no good reason except they were an easy target for anyone selling naked shorts. I have accumulated a wagon load on weakness as I love their story and management style. Here is their address if anyone wishes to give them a atta-boy.
Mike Wills
Investor Relations Representative
Minefinders Corporation Ltd.
T (604) 687-6263
F (604) 687-6267
Toll Free (866) 687-6263
Email: mike@minefinders.com
Sometimes, when the mood arises, you just have to listen to a little Lou Reed.
“You’re going to reap just what you sow”
Ya Baby
http://www.youtube.com/watch?v=GI5Ac5D3IZE&feature=related
Winedoc
