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- in reply to: Miscellaneous #3966
It’s short notice but there’s a big resource / exploration investment conference coming up in Montreal in November, and it’s focused heavily on mining and precious metals. There will be numerous speakers and specialists, booths with over 45 publicly traded mining companies, and a bunch of investors (more info at http://cambridgehouse.ca/index.php/montreal-investment-conference.html). If there’s a way MMM or someone can attend with to work the floor there, that could be a chance to locate an investor…or at least some real leads. Those kind of guys will be there, and will know others. Maybe make up a bunch of presentation folders with Executive Summary, Use of Proceeds, etc. to pass out. Talk to other companies and other players. I’ve also got some rough marketing material I could provide. I’d be willing to chip in maybe $50 if necessary if Michael or someone appropriate could make it for this purpose. If 20 or more shareholders could do this maybe it could cover most of the expenses of getting there and staying a couple nights? 16 To 1 is a real win-win for the company and the investors if we can find a right match. It’s a good opportunity to dialogue with many people who might just recognize what an opportunity the company is.
in reply to: Stock exchange listing #3965The “market makers” seem to change. My broker, a resource specialist, says there are usually two for OSTO but they seem to drop in and out. I’ve had standing orders to buy anywhere for .10 to .30+ for over a year now but have only had one fill for 3,000 shares and another one for 10,000 over a year ago. Despite the standing order we see these occasional deals take place for under a penny. My 3,000 fill was the day after someone a trade at .10 or .12, but why didn’t they sell to me when my bid was twice that? Liquidity is needed via listing on a recognized exchange (Canada?). In due time once we get the investor(s) we need.
in reply to: Stock exchange listing #3962I have a few shares that I bought for I think 10 cents each, held at major brokerage firm. I am going to try and issue them out, and will let Mike know what transpires…
in reply to: Gold Enters Major Bull Market #3964Last on gold tonight is $1041.20 after hitting a low earlier in the day of $1031.50.
Check out the linked Bloomberg story below concerning all the secret behind the curtain dealings that little Timmy was orchestrating against us in the favor of his buddies.
http://www.bloomberg.com/apps/news?pid=20601109&sid=a7T5HaOgYHpE
in reply to: Miscellaneous #3963I implore the current Atourney General of the State of California, before you run for the next Governor of the State of California again, to please address this blatant aggregious disregard of Constitutional Law: investigate CDAA vs. Original Sixteen to One Mine.
in reply to: Stock exchange listing #3961Perhaps a saving exodus, if we can actually get Arnold’s attention, would be a sad state of affairs. At this delayed point it continues to be the focus point of everything the current AG of CA can’t even “see”….
Jerry Brown, why have you disregarded this blatant crime? Is it because your Governor hasn’t mentioned it? Have you been bought at the switch?
Mr. Governor, do not look away any more.
in reply to: Stock exchange listing #3960What engregious water violations did our company commit? The answer to that is zero. Environmental water standards were set-up to safeguard State water quality and to preserve its resources. The standards weren’t intended to be misused in the process by someone behind the curtain influencing State employees to cripple our company to their advantage.
Martin Armstrong has mentioned several times in his writings that improper inforcement of rules and standards set forth to protect society are many times employed just for political ends of serving an agenda for that someone behind the curtain who has the money and influence to pull those strings.
It seems to me that our government is generally behind the dislike of the French who are actually feared by their very own government. The French will only take so much from these people. The government obviously still has vivid memories of how the French Revolution ended, with the beheading of many officials.
In our country crime against the people pays well. Not only for the banks but as reported tonight by Andy Rooney on 60 Minutes, the participants in the health care system steal billions upon billions of dollars each year from us.
Gerald Celente says that when the people have lost it all as a result of government mismanagement, they themselves will lose it. Americans are armed today better than anytime in its history. Gerald Celente is predicting a revolution in this country is on the horizon.
By the end of this year our country will be poised to enter into the period of hyperinflation. Hyperinflation’s prerequisite to begin is when any government’s deficits reach 40% of its expenditures. By end of year Peter Bernholz of the University of Basel, Switzerland predicts our country’s deficits will be at 40.1%.
In this projected scenario one of the best places for your money is to be invested with producers of commodities, like gold miners. Is there any wonder why financial pressure has been brought to bare on us in the past and the present?
No matter which way anyone looks at it, we have been targeted. I think I’ll write Arnold and tell him I suspect some funny business at the Water Board.
in reply to: Stock exchange listing #3959Could this be the state of Calif selling stock from closed safe deposit boxes. (if you do not check your safe deposit box for 3 years the banks turn it over to the state)
They would not know but to sell the stock on the gray market and probably don’t care how much they get for the stock.
Or they may know what its worth and are trying to screw with the mine.in reply to: Stock exchange listing #3957Might it be the same people who have tried to get the mine shut down?if so they should all be put in prison.
in reply to: Stock exchange listing #3956I’ve been pondering today the 29,100 reported transaction of our shares yesterday at $0.002. The total value of the trade was $5.82. Now, who in their right mind would sell 29,100 shares of the company with strongly inferred gold in the ground on all our claims for the equivalent of a medium sized hero sandwich?
Has someone completely lost their senses? The largest gold pocket ever extracted from the Sixteen to One Mine was 89,000 ounces, or at tonight’s last gold price of $1063.30, a grand total of $94,463,700. Is this insane or what? Did someone need a tax loss this year to balance against a sizable gain? The chances of that are slim, at best.
So, could it be true that someone entered a transaction into the grey market reporting system that was erroneous? Why would someone do this? The only reason I can think of is criminal intent.
Mike has told me that he personally signs each certificate to keep a close eye on the buyers. He also told me that our transfer agent is not seeing certificates coming in for cancellation or requests for the issuance of new ones to account for past transactions in the OTC market in New York. So what gives here if the grey market is facilitating reported trades in our company shares but is not the source of certificates or for any requests for new ones?
Everyone I suspect has heard of nake short sales. These are sales where the seller never delivers certificates and buyer never receives them. These so-called trades just never get settled and continue floating around as paper entries only. So in essence, the naked short seller is an illegal issuer of the company’s shares.
The brokerage firms once had the practice of delivering the certificates to owners for no charge. Now these same firms discourage owners from taking physical delivery by charging excessive fees. Some transfer fees are as high as $250 each.
Not to get off the subject but the banks today own brokerage companies. By discouraging your having your certificates they keep them, use them for assets on their balance sheets or just intermingle the assets for their own puposes. I would like to state that you should never let another entity get between you and your assets or your money. A good reason for this is because of the expected financial and currency upheavals that are sure to come in following months or a few years ahead in time.
Aside from naked short selling, these crazy low priced so-called transacted prices in our company’s shares may be representing something evil. Large connected pools have been used over the centuries in markets for scaring people out of their stock ownership because the shareholders had in fact became fearful over extended dropping prices.
Could the reported transactions of $0.0002 and $0.0005 be unsettling your nerves? Well, if they’re not and you know your asset’s current value and its potential for much better days, they are meant to.
Let’s consider a hypothetical scenario that may satisfy someone’s curiosity just to think it over as a possibility as why these low prices do get displayed with some apparent justification. Let’s say a behind the curtain interested buyer for the Original Sixteen To One Mine wants to acquire it for pennies on the dollar. How would he go about this. Well, there are ways if you are so inclined:
1- Get a newspaper or a magazine to write a negative article about the company.
2- If the stock is followed by analysts have them write up something, again, negative for the brokerage companies, banks or investment funds to read.
3- Contact State and Federal regulators and put the screws to the company with negative accusations. Lobby those regulators to insure they really get aggressive with the company.
4- Contact the State Attorney’s Office or the Justice Department pointing the finger at the company as being an evil doer.
And finally:
5- Pay someone employed by a brokerage firm to put up fictitious stock prices on the company’s shares. Have them register as a market maker for those shares. The more inactive the company trading the better. Since brokerage firms, to a large degree, are self regulating then there will always be a door open for criminal activity, just like the banks and the regulators got caught with their fingers in the cookie jar over all their specialized paper trading vehicles and the aftermath that was billed to the American people when the involved players should have all gone to jail. The white shoed boys were supported by Alan Grerenspan years ago to regulate themselves, But we can’t put the white shoed boys in jail, can we, say our representatives or we would be giving up our lobbying favors.
The reason why shares are supposedly traded lower in New York for practically zero and there is no effort EVER at arbitrage for profit in our higher local company market is for a very good reason, THE SHARES CAN NOT BE DELIVERED making the New York market a complete sham.
in reply to: Stock exchange listing #3958The current 1630 shareholders acquired their shares by various means. Here is how I became a major shareholder: purchases beginning in 1975 to 2009, inheritance in 1980, compensation for no paid salary. Spending dollars and labor (mostly between 1983 to 1986, when the company had no or limited income) were my choices. I bet my well being on the fortunes on this gold mine.
Between 9/16 and 10/21/09 . . . 40,857 share traded for the price of a large pizza. Something is seriously wrong. If left unknown, the results will hurt the Company and therefore its owners! If, as suggested below, this unquestionable stock manipulation with such a small Company is an evil design to destroy the Company. It will not succeed. It hurts but the company, and yes, its world-class gold deposit will not disappear. It is painful. It is unwarranted and unwanted. It obstructs our ability to operate, as it falsifies the realities of our past, present and future.
That 89,000-ounce pocket isn’t the only one left in this mountain. Even a modest 10,000-ounce concentration will gross over $10 million at crush price, much more as it goes into the demanding jewelry market. Here we sit! No wonder an aversion to gold mining dominates investors. Many good people are suffering without a job and the honest ‘production-of-value’ they perform.
The Wall Street Journal is a good place to daylight the darkness surrounding what Bluejay opined below. This tiny Company could be the tip of an iceberg of fraud that permeates the brokerage business and the accounts holding your earnings. The evidence is irrefutable, and as George said, “It’s a game of words”. How many public corporations have more shares floating around in accounts that exceed their outstanding shares? Is some agency able to keep track of the volume on all the stock trading markets, as volume climbs into the stratosphere? I do not think so. Do you?
We (everyone intimately knowledgeable about the Sixteen to One) know that its mine is far from depleted. It is a fact and provable. There is good evidence. Some of us believe that California still hosts fortunes in unmined gold.
Yesterday, Governor Schwarzenegger signed legislation to improve the chance of California landing a professional football team in Southern California. The reason?? The legislation removed costly and lengthy environmental gobbledygook of no or little environmental degradation for building a stadium. Job creations were a positive factor the Governor considered. How about a look at the California gold industry and while at it, start with the Sixteen to One in Alleghany? What a whiney society we have become! Well, how about change. One way out of our economic melt down is to resume producing products of value, such as gold. We shareholders have it. Our management knows how to get it. Let’s roll for those who rolled for us in the past.
in reply to: Stock exchange listing #3955Bluejay, your observations below struck me like a drill bit hits quartz. I’m so pleased to read your thoughts today. Who would sell shares for $0.0002? Let me tell you about a call I received from Bill just before seeing your entry. He is not a shareholder but asked how to become one. He has no stockbroker and wanted to know what to do. The only option for this man is our Stock Market on this FORUM. I had not looked at it in months but saw 5,000 shares were offered for sale in March at $0.45.
Bill was gracious, knowledgeable about gold and offered his observations about the Sixteen to One. We talked about other gold mining opportunities for investors. He said, “You, the mine and the company have substance, positive past proof of results, prospects for technological advancement and calculable risk with huge upside. You’ve persevered through many obstacles. Great success awaits.” Sounds like a fortune cookie insert.
Bill recognized what improved metal detectors will mean for the Sixteen to One. He pointed out how much more gold we will produce from our mine. I explained that funding was the only obstacle for us to complete a better detection system (which will be owned by the Company). He realized what a significant tool this would be throughout the world and its financial benefits to shareholders as we explore other gold deposits.
It is so refreshing when a stranger expresses what those most intimately involved are positive about. Bill said to keep working, somebody out there will eventually awaken to the limitless money making opportunity that exists with our company.
Thanks for taking the time to tell us about this awful sub-penny treatment of Sixteen to One. I found your story very upsetting, especially since there seems no way to stop it.
in reply to: Stock exchange listing #3954I have been around closely observing stock activity for some amount of years now and know well from experience when prices get extremely over-priced and under-priced. I could cite from numerous occurrences when these events took place.
Today, our shares are being traded for $0.0002 in NY in the obscure dark corners of the OTC market. In the past few days a few thousand shares have traded at $0.0002 and $0.0005. Today, 29,100 traded for $0.0002. If I may say so, this is a complete absurd joke compared to our break-up value guesstimate of $20 million along with placing ZERO premium on the shares for future prospects. What a joke! Our company, more than likely, has more upside leverage than any gold related company in the market today. You know why, because there aren’t too many eyes on us. The only ones, it seems, are government recruits from Camp Darth Vader.
The 16 to 1 mine, alone, is worth anywhere from $13 million to $15 million and that was when gold was lower according to a professional familiar with the Alleghany Mining District about three years ago, or so. Sure, we have some debt(along with misguided State employees swinging hammers at our shareholders) and are attempting to get some funds for further exploration but what exploration company doesn’t go through these cycles? We are a different type of exploration company, we explore for and we locate gold, not just drill and log core samples. So we are a gold exploration company that gets paid off fast when we locate the small little mother lodes in exploraing the old 16 to 1 mine workings, which she has been providing us and others for years. Is the gold gone? Don’t bank on it.
As gold goes higher in the years ahead, someone with a head for future business profits will come to Alleghany and sink millions of dollars into pulling the gold out of the mountain. Maybe, someone with a vision like Rob McEwen makes his appearence in the District and turns everything upside down for the better.
The fact is that over a million ounces of gold have been mined alone from the 16 to 1 Mine and it RESIDES in the midst of other mines in the district that have cashed in their total gold production far in the excess of $1,000,000,000 based on current prices. Yes, that’s a billion dollars. AND some ignorant fool wants to sell shares for a phantom price of $0.0002????
Do you really get what this price means? It means at this level you can buy 1,000,000 shares of the company for $200 or the entire company for about $2600.
So, with the last sale in New York of $0.002 versus a breakup value of at least $1.00 a share IMO you tell me, has there ever been a better buy? Unfortunately, you and I can’t purchase the shares at these levels because we don’t possess a license to steal.
My idea is to enter buy orders at $0.01 and up and see if anything happens. It probably won’t, as the grey market for our shares in New York is a maintained slaughter house for the public.
in reply to: Gold Enters Major Bull Market #3953The J.P. Morgan’s and likes are stepping on gold’s price this morning with their created paper products in New York with the last sale of $1055.40.
Darryl Schoon in his following linked article, “Who Woke The Dragon”e presents the case for gold in no uncertain terms:
in reply to: Gold Enters Major Bull Market #3952Gold is pushing higher tonight at $1066.60. On recent daily sell-offs carrying below the $1050 level, a surprising number of buyers seem very interested in acquiring the metal. Overall, the action in gold over the past few weeks has been quite impressive.
How much more proof do interested people require to accept that there is a growing problem to satisfy increasing demand for delivery of physical gold? The linked article below clearly says it all, J. P. Morgan needs physical gold in London in a hurry.
J.P. Morgan, with all their paper tricks in gold, have finally been pushed to the wall. Instead of going to the market for physical gold in order to satisfy delivery requests, they are looking to temporarily borrow someone else’s goods. These people have no shame. By the way, J.P. Morgan’s interest in the silver market represents 40% of the total amount of contracts that have been sold short.
Martin Armstrong has said in the past that these guys rarily put other people’s money or goods to work for themselves unless they are convinced that they can control, manipulate, their market of interest. What better way to force their will on the gold and silver market than with the support of government officials? Well, the game has changed with or without their paid friends or comrades in Washington. The race is on for physical gold led by China and joined in by Hong Kong, the Germans and lately, the Swiss. They are all tired of these paper games to control gold for profit by the Wall Street establishment.
What we are witnessing now by some of the smarter central banks is their calling home the gold before the music stops and they are unable to locate a seat, or their gold. It has been reported by many financial writers that paper gold products have been sold in the excess of 20 times over the amount of outstanding physical gold in the world today. Shocking? Yes, quite shocking. Is there any wonder the worm is turning?
http://www.zerohedge.com/article/cme-allow-gold-margin-requirement-collateral
in reply to: Gold Enters Major Bull Market #3951Last on gold tonight is $1052.20.
Professor Antal Fekete in his October 18, 2009 essay keeps the heat on the gold riggers:
in reply to: Miscellaneous #3950All lcoal economies these days seem to be suffering and I would guess that Grass Valley isn’t any different. For years the owners of the Idaho-Maryland Gold Mine have been attempting to get the mine back into operation. Although everyone will agree that environmental considerations are important, the State regulators it seems are not making it easy for owners to get the mine up and running again. If the mine were operating today there would be from 200 to 400 new jobs for residents of Grass Valley and the surrounding areas.
California has so much potential to add jobs to its shrinking job market if only regulators would only get real and take a look, if that’s possible, at what could make things a little better.
In the years ahead gold will be benefiting local economies around the world as it continues to advance in price while the economics and governments that support mining companies for its extraction contribute to them. Mining could be creating all types of jobs with the mine workers plowing their paychecks back into local economies and supplying badly needed revenues for local governments.
The kind of personal turmoil that is caused by eroding wealth and income casts heavily upon us all along with the knowledge that the State gets deeper into the red and may never be able to balance their books again without the beginnings of some major type of creative reform that attempts to halt this vicious countertrend.
Our current mess is being orchestrated by political and business clubs for themselves and their friends at the expense of our future. A Russian philosopher has his own thoughts concerning our dismal state of affairs. Mr. Igor Panarin is predicting a complete disaster for our country. Not only will life change forever but the country will fragment into pieces. The Wall Street Journal even considered Mr Panarin’s reflections noteworthy and printed them on its front page.
Basically, the following quotation sums up Mr. Panarin’s forecast:
“Panarin’s disintegration divination comes complete with a map. In it, Alaska goes to Russia. Hawaii goes to Japan or China. “The California Republic” — the West from Utah and Arizona to the Pacific — goes to China. “The Texas Republic” — the South from New Mexico to Florida — goes to Mexico. “Atlantic America” — the Northeast from Tennessee and South Carolina up to Maine — joins the European Union. And “The Central North-American Republic” — the Plains from Ohio to Montana — goes to Canada.”
Our past excesses along with all the accumulated debt from them brings us to this place in time where we may have gone past the point of no return.
When circumstances dictate the need for change, political organizations bury their heads in the sand and tax wealth. If this isn’t half-ass backwards I don’t know what is. Instead of acting foolish by assessing an indirect tax on a proud Californian gold producer of profits and jobs for the economy and revenues for the State, the Water Board needs seriously to get another kind of religion.
A complimentary start for the Water Board and other State agencies would be to listen with an open mind at the needs of envionmentally friendly miners, not to curse them with name calling, taxing and legal actions.
California was admitted as the 31st state in 1850 as a result of the discovery of gold at Sutter’s Mill in 1849 and the significant placer amounts that were found that year and the following one.
The State’s newly found wealth quickly brought it the new title of the “Golden State.” One wonders what will become of the State if the millions and millions of ounces of gold continue to be held hostage in the ground by an inflexible rules book and the power crazed unelected public officials who hear and see no good from some of the hardest workers in the State, the Alleghany miners.
The political appointees and the elected ones need to accept that California’s past and its future will, under hell and high water, always and forever be supported by the gold mining industry. In California there are 13,470 historic gold mines and prospects(the data is from the California Geological Survey and Office of Mine Reclamation in 2002). Someone must have thought gold mining was a good business and the government agreed with them. Sure, some operators abused the environment but that was yesterday when we were dealing with wars and the population was smaller. Now because of the past lack of respect for Mother Nature we really need to be self responsive and viligilant and yes, offenders need to be dealth with in an effective manner that corrects REAL threatening problems.
Gold is widely dispersed throughout California with it being more concentrated in the Sierra Nevada’s, the Klamath Mountains and in the Mojave Desert. We haven’t even heard yet of the big name mines yet to be in California’s mining future because of the fact that California is still known around the world as being “mining unfriendly” because of excessive and abusive regulations.
An unfortunate aspect of the State regulatory process for folks in their potential cross-hairs is the regulator’s carte blanche for excessive regulating and their being issued a big cop citation books. Who knows what really goes on behind the curtain?
What happens in Grass Valley to their economy is certainly not being supported in any swift manner relating to employing miners and support crews in starting up the Idaho-Maryland Mine by the State. In early 1996 locals got very excited concerning the reactivacation of the Idaho-Maryland as they drove up the price of the interested company’s stock to about $7.50. Lately, the shares have remained in complete dormancy around the 5 1/2 cent level awaiting State guideline approvals. That’s a time period of over 13 years while the Idaho-Maryland still awaits the workers and the local economy continues to shutter more as a result of the continuing excremental implosion brought about by both State and Federal regulators.
Their mantra seems to be, “Too Big to Fail, Too Small To Succeed.”
in reply to: Miscellaneous #3949FYI, Scoop’s message cracks a smile and a frown because it is sadly true…the EPA and the CRWQCB and the rest of the effers are looking for random symptoms to blame and fund their existence, end up logging data with hystorical (note the pun) and discard the hitorical significance from a century removed (check your history records) and then scratch their collective heads, angling for a new now-time blame game funding angle.
Scoop’s reference to the price of mercury relates to the monetary waste involved in any modern-day environmental study…spending millions looking for demons and failing to look in the mirror.
in reply to: Clips from Alleghany #3948Are the underground mines in the United States under regulated for safety?
Up to today’s date there have been sixteen fatalities in the metal/nonmetal mining industry. Fourteen occurred at surface operations. Two occurred at underground mine sites: a lead/zinc mine and a salt mine. Of the remaining fourteen surface operations only one (Newmont) was a gold mine.
Most mining organizations care about and demand safety. In California the mines are inspected by Cal/OSHA and the federal Mines Safety Health Administration (MSHA). Rumor is the current Secretary of Labor issued orders that will have the effect of creating more citations by the MSHA inspectors. Citations do not necessarily increase safety. Positive or constructive suggestions work best and have for many years. This is not to excuse misguided management or careless miners who flaunt safety. Let’s hope that MSHA contributes to underground safety in a constructive manner as the years advance.
in reply to: Miscellaneous #3946To minierbear. it’s not a simple answer. Wiki answers with quotes at 36 cents a gram. 31.1 grams per ounce x 16 = 497.6 grams per pound or $179.13. A flask is 76 pounds and ranges between $500 and $600. Purity makes a price difference. The EPA spends $1 million or more for an ounce (in Grass Valley CA) and other places.
in reply to: Gold Enters Major Bull Market #3947Last on gold tonight is $1053.10.
The possible fraud concerning effecting gold’s price with questionable paper products lacking bona fide metal behind them has been disturbing enough but now questions are being asked whether custodian held gold is really, in fact, there? Let the games begin.
The following linked article from agoracom.com indirectly says it all, keep your gold near and well hidden. The only exception is the Central Fund Of Canada(CEF-$13.51-NYSE)which maintains their physical holdings of gold and silver in a totally transparent environment within Canada in an insured depository which is regularly audited by certified auditors.
http://agoracom.com/ir/ECU/forums/discussion/topics/372254-major-suspicions-with-gold-bar-lists
in reply to: Gold Enters Major Bull Market #3945Last of gold is $1064.40.
Check out the DOW 10,000 article by Dan Norcini at http://www.jsmineset.com. Dan takes the position that you’re real wealth is represented by gold. If you have liquid assets of a million dollars that equates into 938.6 ounces of gold today. If gold goes to $2000 your million will then only buy you 500 ounces. The dollar Monopoly money with nothing behind it continues to be debased with growing debt and the dollar holders have every reason to be concerned.
According to my own price cycle studies, gold will reach $1400 in about 17 weeks followed soon after by a rapid decline of about 30%. This price action will set up the higher consolidating price range for the metal to rest in for awhile until it is time again for another historical push higher.
in reply to: Miscellaneous #3944what is a pound of liquid mercury cost ?.
in reply to: Gold Enters Major Bull Market #3943Last on gold is $1068.10.
Professor Antal Fekete has presented on September 30, 2009 an excellent article depicting the failure of the IMF relating to its stewardship of its member’s gold entitled, The Supply Of Oxen At The IMF.
The story is available from the following website: http://www.professorfekete.com/articles.asp
in reply to: Gold Enters Major Bull Market #3942Last on gold is $1068.90.
Silver’s last price is $17.96.Events continue to unfold supporting a much higher gold price on this current surge. The last on the US dollar is 75.60 off 0.21 as it continues lower past short term support in the 76.00 area. The dollar is poised to test long term support at 72.00 in the coming weeks which will support higher metal prices.
Dan Norcini of http://www.jsmineset.com said tonight, “it is looking more and more like the current administration has set on a course of destruction of the US dollar.”
in reply to: Technology #3937Recent successful demonstrations of long-range ore body detection using Induced Polarization means at high amperage are described here:
http://www.reuters.com/article/marketsNews/idUSN156191520090915?rpc=44
Akin to geo-seismic oilfield methods which produce detailed 3-D subsurface mappings, this technology has been used at smaller scale for years in that setting and in exploration at mines in Canada. A web-search on ‘induced polarization’ will yield equipment makers.
This might be a way for the 16-to-1 to locate some fresh targets beyond the range of metal detection techniques thus far employed!
in reply to: Gold Enters Major Bull Market #3941Last on gold is $1054.80.
The following article pasted to agoracom.com tells why the gold shorts have REAL trouble.
in reply to: Gold Enters Major Bull Market #3936Last on gold is $1054.70.
In The News Today
Posted: Oct 11 2009 By: Jim Sinclair Post Edited: October 11, 2009 at 9:28 pmDear CIGAs,
There is nothing and no one to be fought. The end was in the beginning, and there is no force on the planet that can stop the price of gold now.
“The supreme excellence is to subdue the armies of your enemies without even having to fight them.”
–Sun Tzuin reply to: Gold Enters Major Bull Market #3940Last on gold is $1054.50.
Here comes another public service negative article on gold, this time from Reuters.
Looks like there is brewing a another concerted effort to attack gold prices. Good, I’m looking to buy some Franklin circulated halfs for future monetary chaos which might come lower as silver may also be talked down for some hours or days.http://blogs.reuters.com/columns/2009/10/13/china-retail-speculation-adds-risks-to-gold-price-2/
in reply to: Gold Enters Major Bull Market #3939Last on gold is $1053.00.
To a great extent the media is anti-gold. The brief missive below surely smells of sweating shorts and desperation. The worst indirect advice was given by the Boston Globe to basically prepare for a shakeout of buyers in so many words some years back following the $250 low while gold was reacting from a previous advance to about the $400 area. Directly after the Globe’s comments, an order of mine was placed for another roll of gold coins.
Although the media’s jabber concerning gold is like a stopped clock in that they’re right once in awhile, the great majority of time they are “dead wrong.”
What they hope gold oriented investors will do is second guess themselves on the daily down ripples in price and sell, sell, sell. It’s an old continuing story that just keeps repeating itself as the metal remains completely intact within a very strong bull market.
Don’t sell your gold.
You don’t sell advances, you buy declines.
High speculative positions in gold raise sell-off (potential)
MarketWatch 10-12-09
NEW YORK (MarketWatch) — Gold futures held by speculators reached a record high in the most recent week as prices climbed above $1,060 an ounce, raising worries that a possible switch in positions could lead to a slump in gold prices.in reply to: Gold Enters Major Bull Market #3935Last on gold is $1056.50.
Chinese commercial banker in September 23, 2009 remarks dampen China’s reported interest to exchange Dollars for international gold bullion, basically says buying domestic gold from local miners good enough for increasing country’s gold reserves. Also, predicts the price of the metal to hit $1200 by year’s end.
http://www.chinamining.org/News/2009-09-23/1253670527d29013.html
in reply to: Gold Enters Major Bull Market #3934Last on gold is $1050.50
Linked below is an article by Adrian Douglas entitled, “The Explosive Dynamics Of The Gold And Silver Markets.” The story is copied from the agoracom.com websiste.
in reply to: Gold Enters Major Bull Market #3933At prevailing spot (1040+) I hope
there is enough revenue to meet
the existing payroll, expense, etcin reply to: Gold Enters Major Bull Market #3932Gold closed out the week at $1048.90.
The reputable John Williams of Shadow Government Statistics gives a short interview concerning gold and silver at http://www.kitco.com. For an audio go to Contributed Commentaries and listen to John’s reflections, they might surprise you.
in reply to: Two-headed Front #3931It’s an old story, when governments require more money as a result of fiscal mismanagement(of course they’ll call it other things) just take it from the ones that have it and the heck with Accounting 101.
By: Reuters
1st October 2009
MEXICO CITY – Mexico’s Congress is considering a 4 percent tax on mining output as part of a fiscal reform package meant to boost government revenues during a steep recession.in reply to: Gold Enters Major Bull Market #3930Last on gold is $1047.50.
Japan joins China in investing in precious metal resources and out of currency reserves.
Japan to obtain rights to platinum in Africa
TOKYO (AFP) – Resource-poor Japan has obtained rights to develop platinum mines in South Africa and Botswana in a bid to ensure a stable supply of the metal, officials said on Friday.
The government-backed Japan Oil, Gas and Metals National Corp. (JOGMEC) has signed a contract with Discovery Metals in Australia to jointly develop nickel and platinum mines in northeast Botswana, it said in a statement.
It has inked another deal with Canadian firm Platinum Group Metals to explore for platinum in South Africa.
It will pay three million Australian dollars (2.7 million US dollars) to Discovery Metals over three years for exploration costs, in return for 60 percent of the rights to the metals.
JOGMEC will pay 3.2 million US dollars to Platinum Group Metals over four years for a 37 percent share, it said in a statement.
Japan has in recent years worked to strengthen ties with African countries to ensure supplies of resources including precious metals.
in reply to: Two-headed Front #3928I agree with you Bluejay, your essay is excellent, send it to the Sacramento Bee, or the Chronicle.
in reply to: Two-headed Front #3927The Dark Side Of California, Anti-Mining.
California was once a proud producer of gold. San Francisco was built from the gold that came from the placer deposits and hard rock mines of the Mother Lode all up and down Highway 49.
When California should be a thriving gold producer again with its price at a all-time high of $1060.00, excessive environmental controls, well above world and Canadian standards, restrain the owners of prospective gold properties from seeking, what used to be the “American Dream.”
Instead the government in Sacramento shows absoltely no respect for what gold mining used to represent in job security for Californians. Millions of ounces of gold have been taken from streambeds throughout the state and from its deep mines. As early as 1775 along the Colorado River early Spanish explorers first discovered placer gold. Some of the richest placers were in the Columbia Basin-Jamestown Sonora District which have produced 5.9 million ounces of gold or 183 tons. Locally owned businesses and prospectors poured all this money back into the State economy. Sure, the placers have been greatly depleted but the discovery from further exploration will produce great quantities of the metal from California’s yet to be discovered hard rock mines.
Mike had a plan but we had to spend our time and money to defend ourselves from outrageous claims with all the obstreperous chatter and negative publicity that followed along with egregious court decisions. Want to find out about the legal system today? One only has to google Martin Armstrong to gets his perspective.
More spectacular gold production came from the the Grass Valley-Nevada City District in Nevada County which produced 10.4 million ounces of gold or 323 tons, plus 2.2 million ounces or 68.4 tons of placer gold.
Today with enormous amounts of gold to be mined and yet found, the State representatives continue to act like morons by sactioning crippling attacks on gold property owners with no moral justification along with exhibiting their narrow-minded self interests yet to be determined. A group of appointed State employees make up rules just so they interpret them the way they want to bleed property owners. The Water Board’s demand for money from a historical gold producer who contributed to California’s rich history and supported its past healthy economy is just abrasively nonsensical and just plain silly.
California is financially sinking into a black hole with no hopes on the horizon. One hope could be revitalizing mining and putting folks back to work. Instead of supporting mining the State prefers to handicap miners with their rules and regulations.
Our neighbor to the north, Canada, prides itself on supporting mining and the many jobs that it creates for their citizens. Quebec is the best place in the world for mine owners and workers and YES, the miners safeguard Mother Nature. The Quebec miners and their families laugh and shake their heads when the topic of California mining comes up.
Canada actually has tax incentives in place to encourage investment for exploration and mineral production. The Provincial governemnts even lend money to explorers. In Newfoundland and Labrador they have a Junior Exploration Assistance Program. Mountain Lake Resources was recently given $100,000 to assist it in locating mineral resources. This is just one tiny example of government support.
The fact of the matter for me is that the State will be destroyed by people who think THEIR answer for direction is the only way. What a bunch of knot-heads!
Prediction: California will be the first State in the Union to declare bankruptcy. When this happens, State appointed Water Board members won’t have their overpaid jobs anymore and will be on the corner selling apples with the miners that they permanently put out of work. I wouldn’t want to be them when the cement sidewalk turf wars begin.
A few words from John Embry:
http://www.b-tv.com/features/watch-now/watch-now-enlarged.html?clip=JohnEmbryep211.wmv
in reply to: Gold Enters Major Bull Market #3926Last on gold is $1056.20.
A few words from a conservative Jim Rogers:
Jim Rogers, the Singapore-based investor who has been one of the biggest bulls during this decade’s commodities rally, said that he would refrain from buying gold at a record high, but added that he was not betting against a drop in prices.
He told Reuters: “I cannot say what will happen to gold tomorrow. But if you ask me whether gold will go up in the long term… would say yes.”in reply to: Two-headed Front #3929We all need to take this whole thing to another level. Here we are preaching to the choir on this web-site. Let’s put our heads together using technology and the certain current awareness and under-current dissatisfaction with the the non-freedom movement.
Please blog this on other sites, copy to MySpace, Twitter, FaceBook, and all the rest.
I don’t think people are even aware of history anymore, let alone the real-time supressive crap that is stiffling this potential and our collective future.
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