NoFear

On a Gold Price Move Higher, Silver Price Will Follow

This week is typically a low volume and volatile abbreviated week. If your currently into Gold, hold on, your gains are coming. There is some news currently making its way out of Washington and it is not good. The news? The massive spending campaign is not working, surprised? This campaign will soon be followed by yet another spending spree at the tax payers expense. The printing presses will be running overtime while the dollar is temporarily inflated yet again. Gold, will begin to move exponentially to where it belongs ~ 1500 to 2000/oz by 2Q 2010. Why? The general population of the US will begin to realize the government has been lying to them. Unemployment will hit a new record of 12.5% by years end. Without any real job growth anticipated for years to come. The relative safe haven of Gold will prove to be the route to navigate in to circumvent hyperinflation on a world wide level. So, don't get nervous and pull your Gold investments out of the market early. Our day is coming and sooner than you think. If you have not already done so, now is the time you should be accumulating shares for the Gold rally ahead!

Rubicon Gold Discovery Grows

Mr. Rob McEwen, I apologize for the typo.
P.S. Rubicon is a great little take over target, even if Gold pulls back a bit, for very few reserves are being discovered in mining friendly Jurisdictions these days. Take a look at South Africa for example.

Rubicon Gold Discovery Grows

Given the fact that world wide gold reserves are being depleted at a fairly rapid pace, Rubicon, is in a very good position. Rod McEwen and the company he founded, Gold Corp (GG), had a similar fate and as those who've done a little research on, Mr. McEwen, will see some very appealing similarities here with, Rubicon (RBY).

Currently Rubicon has contracted help with the drilling and is burning through the midnight oil to map out just what the heck it is they're sitting on. I hope they continue to to hit Bonanza grade and that this little Junior turns into a great story for us all. I can think of no better place to be and with investment partners like Rod and the and the Rubicon team, I'm certain they'll give it all they have. In today’s market place there are few I would Trust and this team is one of them. They have a proven record of share holder loyalty and a strong adherence to proven business principles.

Godspeed, Rubicon

Today's Closing Update: Monday, June 15

Good overview of the markets. It is nice to see a few superstars during the worst of all times. I do agree with "on welfare's" comments. The US we're living in today is a far cry from the one I grew up in. Seems our leadership is too far removed from the reality of life to actually give a damn. Would they not have received more from our tax dollars by giving a trillion dollar tax break to the middle class? Just think of what that would have done to spur growth? Unfortunately, commonsense is not a requirement to run for office. Now they'll burden the masses with taxes while destroying the very essence of what made America the greatest of them all. We're no longer a creditor nation, but a debtor and those loans will soon be called due, only to discover that America is broke.

Four Speculations for the Month Ahead

Regarding Rubicon Minerals:
This is a Junior Minor that very well may be sitting on top of yet another major gold discovery. Not to mention it is located right in the middle of Gold Corps vast land holdings and reserves. Gold Corp (GG) as you may not know was founded by Rod McEwen. It may serve you well to do a little research on what occurred to Gold Corp and the gold strike they discovered. Mr. McEwen, essentially turned a small Junior minor with a market cap of ~ 50M into a giant with a cap today of 24B. Although, Rod, exited around 10B he did so as a matter of fundamentally sound financial principles (No Debt) Barrack Gold & Gold Corp joined forces back then and Rod left because of the debt load Gold Corp was to assume. As you can see from today's listing of Barrick Gold (ABX) it's still dealing with enormous amounts of debt. Highly leveraged growth is not good. If you care too, visit the SEC web site and take a look at the 13Ds, read the name located on the bottom.

The US is trying to print their way out of debt without creating real job growth and that is fundamentally wrong. It will only be a matter of time the dollar deflates and if history teaches us anything at all , gold will be of more value than millions of sheets greenbacks flying off a printing press.

Regards,
NoFear