New Trend for Emerging Gold Producers: Amalgamation [View article]
If you want to make money in 5 years from now, without to much risk despite common consent, is buying Rusoro Mining. Its a steal and the fundamentals are great. Also preferred partner with the Venezuelan government.
Rusoro is almost a penny stock that is set to boom like Yamana Gold currently does. The only thing which lacks is the proper pricing of the stock.
Central banks are not selling gold beyond their agreements which is due in 2009. There is a mere 150 tons to be sold under the agreement but a lot of CB's have already stated they will not sell gold or supply gold for their mints at this point. Thats one of the reasons the mints are out of coins. Central Banks are hoarding their gold.
If a country decides to sell gold, it will be sold over the counter (read; without market interference) to China, India and the Middle East. Those are countries with low percentiles of gold diversifications in there reserves.
IMF and/or Central bank selling (apart from the gold agreement II) will not alter the price of gold, unless a JP Morgan is involved with a concentration of shorts backed by US Fort Knox (FED) gold reserves. For more information read GATA.com.
Risky Opportunity Awaits in Junior Gold Sector [View article]
Osisko is in the same pond as NovaGold. Both need a significant amount of financing for their development and production setup. Osisko for instance has $200M in cash but needs another $550M to cover their project development and removal of the remaining 170 household to the nearby village. So far ~35 homes have been 'moved'.
This is a serious risk in this environment unless you expect a short term recovery of the financial markets where Osisko gets loans like water.
You asses the risk and the deposits beneath it. I pick another one with cash and high grade deposits like; Sabina, Rusoro, Coeur 'd Alene. That are juniors that have the minerals (pun intended).
New Trend for Emerging Gold Producers: Amalgamation [View article]
Rusoro is almost a penny stock that is set to boom like Yamana Gold currently does. The only thing which lacks is the proper pricing of the stock.
Buy now, not a second later. Rusoro Mining Ltd.
Don't Miss the Coming Gold Bull [View article]
If a country decides to sell gold, it will be sold over the counter (read; without market interference) to China, India and the Middle East. Those are countries with low percentiles of gold diversifications in there reserves.
IMF and/or Central bank selling (apart from the gold agreement II) will not alter the price of gold, unless a JP Morgan is involved with a concentration of shorts backed by US Fort Knox (FED) gold reserves. For more information read GATA.com.
brgds,
Risky Opportunity Awaits in Junior Gold Sector [View article]
Osisko for instance has $200M in cash but needs another $550M to cover their project development and removal of the remaining 170 household to the nearby village. So far ~35 homes have been 'moved'.
This is a serious risk in this environment unless you expect a short term recovery of the financial markets where Osisko gets loans like water.
You asses the risk and the deposits beneath it. I pick another one with cash and high grade deposits like; Sabina, Rusoro, Coeur 'd Alene. That are juniors that have the minerals (pun intended).
brgds,