saveyourassetsfirst3 |
- An Unsustainable Decline in Home Building
- Making Money on Miners, Part III
- 3 Gold Miners Set to Profit Big From Gold Above $1375
- March 27, 1980 : Silver Thursday, or the end of the The Hunt Brothers Story
- Is the JP Morgue Like OJ owning a CSI firm and investigating his own murder?
- Marion Indiana Show report
- J.P. Morgan Chase, HSBC May Have Gained Billions from Influencing Silver Prices
- GATA commemorative gold and silver coins available from AmsterdamGold
- Bailouts, Bombs, Bullets and Bahrain Should Support Gold and Silver
- Gold and Silvers Daily Review for March 25th, 2011
| An Unsustainable Decline in Home Building Posted: 27 Mar 2011 05:19 AM PDT Modeled Behavior submits: By Karl Smith A point I want to keep emphasizing is that while the rapid increase in housing construction during the 2000s was not unprecedented, the collapse in home construction is. This is just raw number of new units coming online. Its not adjusted for anything. So there are a lot of factors: population growth, age distribution, second-home ownership, apartments vs. single family, etc. However, just in terms of units the peak of the boom was not way off. If there was way too much construction it has to be because the fundamentals were way different. This might well be, but understand that now the "this time is different" argument is Complete Story » |
| Making Money on Miners, Part III Posted: 27 Mar 2011 03:41 AM PDT In Part I of this series, I outlined the seven stages of development which characterize the evolution of almost every mine, and then described the preliminary exploration which occurs with a mining project. In Part II, I discussed the drilling-phase of development, and how to evaluate whether a property is being developed in an efficient (and potentially lucrative) manner or whether management has fallen into the "dilution trap". Resource Estimate: We are now ready to move on to the third major phase of mine-development: calculating a resource estimate of the ore deposit which the miner has been drilling. While this may seem like a very straightforward stage in the evolution of a mine, there is certainly the potential for "surprises" here – and also opportunities for the astute investor who takes the time to do his/her homework. At some point during the extensive drilling necessary to identify a potential, commercial ore deposit a mining company will make the decision to prepare a resource estimate of the mineralization contained in the ore being drilled. As I hinted at in my previous commentary, there are many factors which go into the decision of when is the appropriate time to engage in such an assessment. Generally, a mining company will not engage in the time/effort/expense of commissioning such a study until they are reasonably sure they have uncovered a sufficient body of ore so that a completed resource estimate will show a deposit with sufficient profit-potential to justify (at least) an economic assessment. They then hope that the economic assessment will conclude that the body of ore is large enough, and the grades good enough so that it is commercially viable to construct and operate a mine. Occasionally, however, a miner will engage in a preliminary resource estimate as merely a stepping-stone in the drilling process. In other words, as I explained in Part II, when a miner is engaged in extensive drilling, this generally requires several infusions of cash to pay for this capital-intensive activity. To avoid the "dilution trap" I warned about, it's important that a miner be able to do each new financing at a significantly higher share price, otherwise the equity financings used to raise this cash result in too much dilution – and shareholders will be unlikely to reap much of a return by holding such companies over the longer term. Thus sometimes a miner will conclude that doing a small, preliminary resource estimate is the best way to raise more capital at an attractive price. This is not a decision to be made lightly. Not only is there significant time and expense involved in calculating a resource estimate, but it requires a considerable amount of "in-fill drilling" to connect-the-dots with the previous drilling holes – in order to provide enough data for the scientific calculations which go into such an estimate. This in-fill drilling is not considered "newsworthy", since it is only adding to data which has previously been released. As a result, unlike exploratory drilling where a news release of the results can (and often does) cause a "pop" in the share price, in-fill drilling generates no news, and thus no additional appreciation in the share price. Indeed, since most activity on a project will usually be put on hold (pending the results), the time spent in preparing these estimates tends to be one of those uncomfortable lulls in the evolution of a junior miner. Often this period will mark some erosion in the share price, as short-term oriented investors and traders will pull out in impatience. However, for true long-term investors, the short wait required for this report to be assembled is justified by the concrete information yielded on the size of the mineral deposit. |
| 3 Gold Miners Set to Profit Big From Gold Above $1375 Posted: 26 Mar 2011 11:02 PM PDT Investment Underground submits: by Gerry Greer Complete Story » |
| March 27, 1980 : Silver Thursday, or the end of the The Hunt Brothers Story Posted: 26 Mar 2011 04:45 PM PDT
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| Is the JP Morgue Like OJ owning a CSI firm and investigating his own murder? Posted: 26 Mar 2011 09:15 AM PDT CRIMEX/COMEX NEWS: Gold: -237,806 volume, and we get slammed. Remember any volume over 200K is 9 times of of ten due to shorting, and Gold will go down these days -ZERO deposits, ZERO withdrawals, ZERO adjustments going into the first day of notice. LADIES AND GENTLEMEN, THE GOLD COMEX IS NOW JUST AS FUCKED AS THE SILVER COMEX. Silver: -silver OI rose 607 contracts to 137,642 from 137,035 (it |
| Posted: 26 Mar 2011 06:18 AM PDT Just got back an hour ago. Lots of 90% stuff basically at spot. Quite a bit of generic triple 9 to be had for spot + .50. Had one dealer that was just getting started in the business selling SAE for $40. Everyone else was $42 or more. Not a whole lot of gold, and what I did see was either slabbed graded stuff or foreign things that I was unfamiliar with. Did have some 1/10 fractionals in the 160-170 but they did not last long. Anyhow, walked out with 6 SAEs. Spent three hours there with my girls (7 and 11). With their money they each picked up a genric bar of their choice and talked them into starting a roll of merc dimes. They were also busy sorting Indian head pennies to work on a collection they began a few years back. They had a blast so I figure that made my eagles even cheaper. All in all good day. |
| J.P. Morgan Chase, HSBC May Have Gained Billions from Influencing Silver Prices Posted: 25 Mar 2011 11:11 PM PDT  Washington state reader S.A. dropped this little gem into my in-box yesterday evening. It was posted over at blogs.forbes.com yesterday afternoon. |
| GATA commemorative gold and silver coins available from AmsterdamGold Posted: 25 Mar 2011 11:11 PM PDT  Here's an absolutely shameless plug for the organization that I've been a board member of for many years. Normally I'd just post the link to the GATA story and let Chris Powell do the heavy lifting...but the GATA website is still down, so I'm just going to steal his preamble and post the direct link. |
| Bailouts, Bombs, Bullets and Bahrain Should Support Gold and Silver Posted: 25 Mar 2011 06:11 PM PDT GoldStockTrades |
| Gold and Silvers Daily Review for March 25th, 2011 Posted: 25 Mar 2011 06:07 PM PDT Gold Forecaster |
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