saveyourassetsfirst3 |
- Gold-Standard Advocate Greenspan Ran Fed to Support Fiat Currency
- QE3 Lack of Limits Spells Death of Dollar
- The Fed is Trapped, Gold is the Exit
- David Morgan: Tensions in the Market Ahead
- One Hour with Former CIA Asset Susan Lindauer
- South African Strikes Halt 39% of Nation’s Gold Output
- Jeff Thomas: Manipulation of the gold price
- Safeguards can spot fake tungsten gold bars
- How Tiny Particles Of Gold Get Transformed Into Solid Gold Bars
- Intraday Trends In Gold and Silver: Five Year Rolling Average
- 10 Commodity ETFs With Monster Inflows In 2012
- Rick Rule talks with King World News
- The Death of the American Teenager
- Eric Sprott on CNBC
- What To Expect Next After The Recent Surge In Gold & Silver
- Gold and Silver as Standards of Value
- China Buys North Korea Gold Reserves as South Korea Increased Gold Reserves By 30% (16 Tonnes); Paraguay Buys First Time
- South African Mines Hit by New Strikes
- Don’t Fool Yourself, Gold is Unlikely to Go up Forever
- Reflections on the Effects of War as Compared to the Effects of Fiat Money
- China Buys North Korea Gold Reserves as South Korea Increased Gold Reserves …
- Timberline Demonstrates Mineralization Continuity With Strong Drill Results from Its Lookout Mountain Gold Project
- Okay Ben, Now What?
- 'Buy the Dips' in Precious Metals, Analysts Advise
- South Korea Increased Gold Reserves By 30%
- Crisis-Fighting Drives Gold Investment Demand
| Gold-Standard Advocate Greenspan Ran Fed to Support Fiat Currency Posted: 26 Sep 2012 12:20 PM PDT Economist Alan Greenspan is best known for his nearly two-decade stint at the head of the Federal Reserve and as arguably the single most powerful influence on the global economy for a generation. What many people have forgotten, or never knew, is that Greenspan, before becoming the appointed guardian of our modern fiat currency system, was a proponent of gold. |
| QE3 Lack of Limits Spells Death of Dollar Posted: 26 Sep 2012 11:53 AM PDT Description: QE3: No end date, no dollar amount cap – The potential impact on citizens' wealth and on the economy is immeasurable Just in case you've been hearing all the buzz about QE3, we wanted to let you know that there is not a new luxury cruise ship in the Cunard Line. No, in this case all the chat is about the Federal Reserve's newest plan to resuscitate the economy--a third round of quantitative easing, or pumping lots of new currency into the already bloated currency supply by buying up U.S. debt. But there are a couple of important differences between QE3 and the first two QEs: This time there is no end date set for the printing and no upper limit on the amount. This time Federal Reserve Chair Ben Bernanke has vowed to keep inflating the currency supply for as long as it takes. And if your wallet feels lighter these days, that's nothing compared to what lies ahead. This posting includes an audio/video/photo media file: Download Now |
| The Fed is Trapped, Gold is the Exit Posted: 26 Sep 2012 10:20 AM PDT |
| David Morgan: Tensions in the Market Ahead Posted: 26 Sep 2012 10:05 AM PDT Tracy Weslosky interviews David Morgan of "The Morgan Report" talks about the acquisition of CGA Gold by B2Gold and how this signals a rise in the mergers and acquisitions in the resource market. from silverguru: Then they discuss the calling of the bottom of the mining equities market in May and the consequent bottom of the metals market. "I am happy that the bottoms are in and I am looking forward to a much — much stronger year ahead in 2013 and beyond."

 Weslosky and Morgan go on to discuss the rising tensions between Japan and China over the Diaoyu Islands Crisis. With a $340 billion trade market between the countries, the outfall over the increasing "tensions around the world" and the associated markets and the increasingly coveted resource positions, David sees these tensions increasing.

For more information, go to: http://ProEdgeWire.com or email at info@proedgewire.com. ~TVR |
| One Hour with Former CIA Asset Susan Lindauer Posted: 26 Sep 2012 10:03 AM PDT It's eleven years after 9/11, and for many people, the events leading up to that fateful day are still shrouded in mystery. from smellslikepodcast: Pleas from the families of the victims for a new investigation have been ignored. Calls to help, financially, and otherwise, the heroic rescue workers that risked their lives that day have been determined by those in power to be unimportant. Questions that have been raised by the general public concerning the sheer absurdity of say, how a hi-jackers passport could be found on the ground in mint condition or how building 7 could collapse on its own have been discarded by the uninformed as being irrelevant. Thankfully, there are people out there that can help us as a society piece together how this terrible event happened, and one of those people is Susan Lindauer. A former CIA asset at the highest level, Susan's story and testimony counteracts any notion that the 9/11 attacks came out of nowhere, and that they simply could not be predicted. What follows is Part 1 of our interview with Susan; Part 2 will be released this coming Monday 1st October. Enjoy. ~TVR |
| South African Strikes Halt 39% of Nation’s Gold Output Posted: 26 Sep 2012 09:46 AM PDT So will this have any real impact on the physical market,or will it be "used" for manipualtion actions as an excuse? South African gold mine strikes halted about 39 percent of output, including at AngloGold Ashanti Ltd. (ANG) and Gold Fields Ltd. (GFI), as unofficial walkouts spread in the country amid demands for above-inflation pay increases. AngloGold, the world's third-largest gold producer, today said all of its South African mines have been stopped. Gold Fields lost a metric ton, or about 32,000 ounces, of output because of strikes at its KDC and Beatrix sites. more at link...http://www.bloomberg.com/news/2012-0...es-spread.html |
| Jeff Thomas: Manipulation of the gold price Posted: 26 Sep 2012 09:36 AM PDT |
| Safeguards can spot fake tungsten gold bars Posted: 26 Sep 2012 09:30 AM PDT |
| How Tiny Particles Of Gold Get Transformed Into Solid Gold Bars Posted: 26 Sep 2012 09:24 AM PDT |
| Intraday Trends In Gold and Silver: Five Year Rolling Average Posted: 26 Sep 2012 09:21 AM PDT Jesse's Cafe |
| 10 Commodity ETFs With Monster Inflows In 2012 Posted: 26 Sep 2012 08:54 AM PDT By CommodityHQ: By Jared Cummans As the years have gone by, commodity ETFs have continued to surge in popularity. These vehicles have allowed for investors of all kinds to add vital exposure to hard assets with ease. While there have been a number of innovative products released in the past few years, some have hit home with investors better than others. Below we outline 10 commodity ETFs that have seen strong inflows as of Sept. 21, 2012, to give you an idea of what is trending in the financial world. 1. SPDR Gold Trust (GLD)
No surprise here, the king of commodity ETFs continues to hold its crown. At one point GLD had been losing the assets battle with the cheaper IAU, but thus far in the year this gold product has more than doubled the inflows of Complete Story » |
| Rick Rule talks with King World News Posted: 26 Sep 2012 08:13 AM PDT Rick Rule talks with King World News
Rick Rule: Chairman/Founder of Sprott Global Resource Investments Ltd. – Global manages over a billion and through recent acquisition is now part of the $10 billion Sprott Asset Management. Rick is known as one of the most "street-smart" people in the natural resource sector and gold world with nearly 40 years of experience. Global provides investment advice and brokerage services to high net worth individuals, institutional investors and corporate entities worldwide. Rick and his team are also successfully involved in agriculture, alternative energy, conventional energy, forestry, infrastructure, mining and water resources investing on a world wide basis. Listen to the Interview Now @ kingworldnews.com |
| The Death of the American Teenager Posted: 26 Sep 2012 08:08 AM PDT
from dollarvigilante.com: When in 1994 Business Week exclaimed "They're back!" about teenagers, the United States was a different place. Their baby boomer parents could afford teenagers buying pizzas, going to concerts, purchasing clothes, cosmetics, CDs, cars and computer games like never before. Today, the country is stricken by poverty, as 50% of the population sits at or below the poverty line. Since the market collapse in 2008, while pundits and "authorities" pushed dope-like propaganda about "Greenshoots" and the "Recovery" incomes fell more than ever in American history. The teenager in 1994 was an advertiser's wet dream – a consumer group with loads of free time and the disposable income of their parents to pursue a life leisure. In 2012, it had fallen to the wayside, a battered corpse of diminishing returns as the teenager went from worrying about social norms to lamenting public education and work as a teenager.. Keep on reading @ dollarvigilante.com |
| Posted: 26 Sep 2012 08:08 AM PDT CNBC's Joe Kernen couldn't help himself. He just had to sarcastically connect Eric Sprott of Sprott Asset Management with what the Wall Street elites used to see as the bomb shelter fringe. That's too bad, because Joe had an opportunity to get serious, quality information from a very important, very respected source in the industry and just plain blew it in this brief Wednesday interview on CNBC.
Our comment: Joe, drop the snarky, snide comments, please. They used to work, back when gold was $350 the ounce, but they haven't been "working" for a long time now. Eric still manages to get some worthy remarks in, in spite of Kernen's interference. Source: CNBC |
| What To Expect Next After The Recent Surge In Gold & Silver Posted: 26 Sep 2012 08:04 AM PDT
from kingworldnews.com: Today Tom Fitzpatrick spoke with King World News about the recent action in both gold and silver. Fitzpatrick has been incredibly accurate in forecasting the movements of gold and silver. He has been noting $1,791 as a key level in gold for some time on KWN, and remarkably gold went almost to the dollar to that number, hitting $1,790 before pulling back. Now Fitzpzatrick lets KWN readers know what to expect next. Here is what top Citi analyst Fitzpatrick had to say, along with some powerful charts: "We've had the move up and we got very close to that $1,791 level I had projected (gold hit $1,787). But it's been a fairly quick move over a short space of time. We also get a bit of a push on the backs of the announcements of additional QE, but we do look to be losing a little bit of momentum short-term. Keep on reading @ kingworldnews.com |
| Gold and Silver as Standards of Value Posted: 26 Sep 2012 08:00 AM PDT Lysander Spooner |
| Posted: 26 Sep 2012 07:51 AM PDT
from goldcore.com: Today's AM fix was USD 1,763.75, EUR 1,369.80, and GBP 1,089.07 per ounce. Yesterday's AM fix was USD 1,766.75, EUR 1,369.36 and GBP 1,088.37 per ounce. Silver is trading at $33.79/oz, €26.41/oz and £20.99/oz. Platinum is trading at $1,630.00/oz, palladium at $627.10/oz and rhodium at $1,075/oz. Keep on reading @ goldcore.com |
| South African Mines Hit by New Strikes Posted: 26 Sep 2012 07:46 AM PDT
from goldmoney.com: The dramatic rises in gold and silver prices that followed the Federal Reserve's "QE3" announcement earlier this month has stalled over the last few days. Gold is encountering selling pressure on trips above the $1,770/oz mark, while silver was hit hard yesterday afternoon along with stocks and commodities, as European problems again start to hog financial headlines. Unnamed IMF sources are said to want more stringent terms for future loans to Greece, while Spanish bond yields are on the rise again; the yield on Madrid's two-year note rose 25 basis points yesterday to 3.41%. Regarding the Spanish situation, readers may be interested in the video below, which features James Turk interviewing Felix Moreno de la Cova, a contributor to this website. Felix is a trader and student of economics, and is based in Madrid, which gives him an intimate look at the issues facing the country. Alas, Felix is no optimist – would you really expect to find any on this site? – as the video title hints at. Keep on reading @ goldmoney.com |
| Don’t Fool Yourself, Gold is Unlikely to Go up Forever Posted: 26 Sep 2012 07:44 AM PDT
from mineweb.com: GRONINGEN (Mineweb) – The advent of QE infinity and the ever-present fiscal cliff looming on the horizon have given gold bugs much reason for excitement. But, while many believe the yellow metal's bull run has a few years left in it, it can't last forever. Sharps Pixley CEO, Ross Norman, made this point yesterday. Speaking on Mineweb.com's Gold Weekly podcast, Norman was asked whether he could envision a scenario where gold fell significantly. "Yes I can," he said before pointing out that the current, decade long bull run in the yellow metal was born, not from a single event but from a series of moments such as 9/11, the Bank of England gold sales in 1999 and the birth of the Shanghai Gold exchange. "It wasn't one thing that shifted the psychology and I think gold will end the same way that it was born, with a series of oh-oh moments." Keep on reading @ mineweb.com |
| Reflections on the Effects of War as Compared to the Effects of Fiat Money Posted: 26 Sep 2012 07:40 AM PDT
from caseyresearch.com: Yesterday in Gold and Silver The gold price didn't do much of anything during the Far East trading session…and the same came be said for the price in London trading as well. But a rally of some significance developed the moment the Comex opened at 8:20 a.m. Eastern time. Within twenty minutes, a not-for-profit seller stepped in…and that was that. The high of the day came at that point…$1,776.70 spot. From there, gold traded sideways until just before lunch in New York. Then a thoughtful seller came along and sold the price back down below the Comex open…and the price drifted a few dollars lower going into the 5:15 p.m. close of electronic trading…almost closing on its low of the day, which was $1,757.90 spot. Keep on reading @ caseyresearch.com |
| China Buys North Korea Gold Reserves as South Korea Increased Gold Reserves … Posted: 26 Sep 2012 07:21 AM PDT gold.ie |
| Posted: 26 Sep 2012 06:37 AM PDT COEUR D'ALENE, IDAHO, Sep 26, 2012 (MARKETWIRE via COMTEX) -- Timberline Resources Corporation (nyse mkt:TLR) TLR +0.05% CA:TBR 0.00% ("Timberline" or the "Company") today reported additional results from the ongoing infill drill program at its Lookout Mountain Project near Eureka, Nevada. Several drill intercepts encountered mineralization greater than one gram per tonne of gold over significant lengths, demonstrating excellent mineralization continuity. Highlights from the latest batch of assay results include: -- 167 feet (50.9 metres) with an average gold grade of 0.030 ounces per ton (opt) (1.03 grams per tonne (g/t)) in Hole BHSE-134C -- 72 feet (21.9 metres) with an average gold grade of 0.033 opt (1.13 g/t), within 249 feet (75.9 meters) with an average gold grade of 0.014 opt (0.48 g/t) in Hole BHSE-145C -- 84 feet (25.5 metres) with an average gold grade of 0.037 opt (1.28 g/t) in Hole BHSE-150C -- 20 feet (6.0 metres) with an average gold grade of 0.47 opt (16.12 g/t) in Hole BHSE-151C -- All of these intervals include multiple higher grade intercepts (See table below) Timberline's Chief Executive Officer, Paul Dircksen, said, "These results continue to strengthen our confidence in the gold resource at Lookout Mountain. The depth and grade of the mineralization are increasing as we drill infill holes to greater depths, and excellent recoveries from bottle-roll tests continue to show that the vast majority of mineralization occurs in oxide material. Where core holes are being drilled for metallurgical testing in close proximity to previous reverse circulation holes, consistent assay results between the holes is confirming our confidence in gold grade continuity. We expect to use these results to upgrade a substantial portion of our Inferred resource into the Measured and Indicated categories." Timberline's 2012 drill program at Lookout Mountain has focused on upgrading the gold resource, obtaining material for additional metallurgical studies, testing deeper zones of mineralization, and establishing a series of monitor wells to facilitate advancing the project to a near term production decision. Initial metallurgical recoveries of gold continue to indicate excellent potential for a low capital, low operating cost, heap-leach operation. The following table summarizes significant drill results from Lookout Mountain: ----------------------------------------------------------------------- ----- Length Length From (feet) Gold From (metres) Gold NaCN Drill Hole (feet) (1) (opt)(2) (metres) (1) (g/t)(2) Recovery(3) ---------------------------------------------------------------------------- BHSE-134C 13 30 0.013 4.0 9.1 0.45 96% ---------------------------------------------------------------------------- 8 53 0.010 2.6 16.2 0.34 97% ---------------------------------------------------------------------------- 223 92 0.034 68.1 28.0 1.17 88% ---------------------------------------------------------------------------- 433 167 0.030 132.0 50.9 1.03 73% ---------------------------------------------------------------------------- Including 433 91 0.050 132.0 27.7 1.71 87% ---------------------------------------------------------------------------- Including 454 35 0.106 138.4 10.8 3.63 90% ---------------------------------------------------------------------------- Including 473 6 0.366 144.2 1.8 12.55 96% ---------------------------------------------------------------------------- BHSE-140C 18 37 0.010 5.5 11.4 0.34 85% ---------------------------------------------------------------------------- 244 67 0.015 74.4 20.4 0.51 76% ---------------------------------------------------------------------------- 510 115 0.025 155.5 35.1 0.86 82% ---------------------------------------------------------------------------- BHSE-145C 186 12 0.018 56.7 3.7 0.63 75% ---------------------------------------------------------------------------- 513 249 0.014 156.4 75.9 0.48 87% ---------------------------------------------------------------------------- Including 562 72 0.033 171.3 21.9 1.13 89% ---------------------------------------------------------------------------- Including 570 20 0.088 173.6 6.1 3.02 91% ---------------------------------------------------------------------------- Including 573 13 0.100 174.7 4.0 3.44 99% ---------------------------------------------------------------------------- BHSE-147C 0 36 0.019 0.0 11.0 0.65 86% ---------------------------------------------------------------------------- 268 140 0.015 81.7 42.6 0.50 89% ---------------------------------------------------------------------------- BHSE-144 140 15 0.014 42.7 4.6 0.48 100% ---------------------------------------------------------------------------- BHSE-148C 167 36 0.019 50.9 11.0 0.64 88% ---------------------------------------------------------------------------- 226 28 0.020 68.7 8.5 0.67 100% ---------------------------------------------------------------------------- BHSE-149C 290 42 0.023 88.4 12.9 0.78 88% ---------------------------------------------------------------------------- 391 63 0.015 119.2 19.2 0.51 87% ---------------------------------------------------------------------------- BHSE-150C 138 84 0.037 42.1 25.5 1.28 79% ---------------------------------------------------------------------------- Including 186 22 0.104 56.5 6.6 3.57 83% ---------------------------------------------------------------------------- Including 191 3 0.357 58.2 0.8 12.23 95% ---------------------------------------------------------------------------- BHSE-151C 48 12 0.011 14.6 3.5 0.37 74% ---------------------------------------------------------------------------- 232 26 0.026 70.8 7.8 0.91 97% ---------------------------------------------------------------------------- 273 12 0.013 83.2 3.7 0.43 89% ---------------------------------------------------------------------------- 501 20 0.470 152.7 6.0 16.12 89% ---------------------------------------------------------------------------- Including 506 9 1.030 154.2 2.6 32.26 100% ---------------------------------------------------------------------------- Including 510 3 2.460 155.3 0.9 84.41 94% ---------------------------------------------------------------------------- BHSE-158 0 10 0.037 0.0 3.1 1.25 81% ---------------------------------------------------------------------------- 635 105 0.014 193.5 32.0 0.48 13% ---------------------------------------------------------------------------- BHSE-159 150 90 0.021 45.7 27.4 0.73 95% ---------------------------------------------------------------------------- Notes: 1. True widths of the drill intercepts have not been determined 2. Troy ounces per ton (opt) and grams per tonne (g/t) 3. NaCN represents a Sodium Cyanide leach recovery of the gold content of the sample Core holes 134C and 140C are twins of, and extend mineralization encountered in, RC holes 070 and 082 that were drilled in 2011 and lost before target depth. All intercepts below 335 feet (102 metres) depth in hole 134C are new, and all intercepts below 380 feet (116 metres) in depth on hole 140C are also new. The higher grades from these deeper intercepts will improve the overall grade in the southern region of the resource, as well as establish continuity in a plus-1 gram zone running north-south through the South Lookout Mountain portion of the resource. Assays are pending on four recently drilled RC holes that will test this same zone 400 - 600 feet (122 - 183 metres) south of holes 134C and 140C. The South Eureka property features three extensive mineralized trends and also includes a pipeline of earlier-stage projects that feature past-producing open pits along with several areas containing historic gold resources. Lookout Mountain is the most advanced project within the South Eureka land package. Timberline's current gold resource estimate at Lookout Mountain, which was prepared by Mine Development Associates ("MDA") of Reno, Nevada, consists of: - 390,000 ounces Measured & Indicated Gold Resource(1) (20,765,000 tons at 0.019 opt gold (18,838,000 tonnes at 0.65 g/t)) - 221,000 ounces Inferred Gold Resource(2) (18,385,000 tons at 0.012 opt gold (16,679,000 tonnes at 0.41 g/t)) The resources were calculated utilizing a cut-off grade of 0.006 ounces of gold per ton (opt) (0.21 grams per metric tonne (g/t)) for oxide material and 0.030 opt (1.03 g/t) for sulfide material. Approximately 83-percent of the resource ounces are from oxide material and 17-percent are from sulfide material. The effective date of the resource is April 17, 2012, and the complete technical report is filed on SEDAR. The full MDA Resource Estimate with various cut-off grades may be viewed at http://timberline-resources.com/main.php?page=208 . Gary Edmondo, Timberline's Great Basin District Geologist, is a Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical contents of this release. He has verified the drill results and other data disclosed in this news release, including sampling, analytical and test data. Field work has been conducted under his supervision. The Timberline sampling and analysis program included an industry standard QA/QC program. After logging and cutting or dividing the sample intervals in half, the samples were picked up by Inspectorate America Corporation and taken to their ISO-9001 certified assay lab in Sparks, Nevada for analysis. The samples were analyzed for gold using a standard 30g fire assay with an AA finish. Samples returning a gold value in excess of 3 ppm were re-analyzed using a 30g fire assay with a gravimetric finish. The Lookout Mountain mineral resources were modeled and estimated by MDA by evaluating the drill data statistically, utilizing geologic interpretations provided by Timberline to interpret gold mineral domains on cross sections spaced at 50- to 100-foot intervals across the extents of the Lookout Mountain mineralization, rectifying the mineral-domain interpretations on level plans spaced at 10-foot intervals, analyzing the modeled mineralization geostatistically to aid in the establishment of estimation parameters, and interpolating grades into a three-dimensional block model. Mike Gustin is a Qualified Person as defined by National Instrument 43-101 and is responsible for the resource estimate. About Timberline Resources Timberline Resources Corporation is exploring and developing advanced-stage gold properties in the western United States. Timberline holds a 50-percent carried interest ownership stake in the Butte Highlands Joint Venture in Montana where gold production is targeted to commence in mid-2013. Timberline's exploration is primarily focused on the goldfields of Nevada, where it is advancing its flagship Lookout Mountain Project toward a production decision while exploring a pipeline of quality earlier-stage projects at its South Eureka Property and elsewhere. Timberline management has a proven track record of discovering economic mineral deposits and developing them into profitable mines. Timberline is listed on the NYSE MKT where it trades under the symbol "TLR" and on the TSX Venture Exchange where it trades under the symbol "TBR". (1) Cautionary note to U.S. investors concerning estimates of measured and indicated resources: This press release uses the terms "measured resources", "indicated resources" and "measured & indicated resources." We advise U.S. investors that while these terms are defined in and required by Canadian regulations, these terms are not defined terms under United States Securities and Exchange Commission ("SEC") Industry Guide 7 and are normally not permitted to be used in reports and registration statements filed with the SEC. The SEC normally only permits issuers to report mineralization that does not constitute SEC Industry Guide 7 compliant "reserves" as in-place tonnage and grade without reference to unit measures. U.S. investors are cautioned not to assume that any part or all of mineral deposits in these categories will ever be converted into SEC Industry Guide 7 reserves. (2) Cautionary note to U.S. investors concerning estimates of inferred resources: This press uses the term "inferred resources". We advise U.S. investors that while this term is defined in and required by Canadian regulations, this term is not a defined term under SEC Industry Guide 7 and is normally not permitted to be used in reports and registration statements filed with the SEC. "Inferred resources" have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred resource will ever be upgraded to a higher category. The SEC normally only permits issuers to report mineralization that does not constitute SEC Industry Guide 7 compliant "reserves" as in-place tonnage and grade without reference to unit measures. U.S. investors are cautioned not to assume that any part or all of an inferred resource exists or is economically or legally minable. Forward-looking Statements Statements contained herein that are not based upon current or historical fact are forward-looking in nature and constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements reflect the Company's expectations about its future operating results, performance and opportunities that involve substantial risks and uncertainties. These statements include but are not limited to statements regarding the timing and results of the Company's continued exploration and drill program at South Eureka and Lookout Mountain, the timing of assay results from such drilling program being released, the Company's ability to expand and upgrade the South Eureka resource, the timing or results of the Company's drill programs at Butte Highlands, including the timing of obtaining necessary permits, the development and production of the Company's Butte Highlands project and projects on its South Eureka property, the potential life of the mine at the Butte Highlands project, the targeted production date for the Butte Highlands project, targeted date for production at South Eureka, the potential for a heap-leach mine at South Eureka, targeted dates for the South Eureka technical report and economic scoping study, and possible growth of the Company and the Company's expected operations, including potential development of an open pit extraction and run-of-mine heap leach processing and operation at South Eureka. When used herein, the words "anticipate," "believe," "estimate," "upcoming," "plan," "target", "intend" and "expect" and similar expressions, as they relate to Timberline Resources Corporation, its subsidiaries, or its management, are intended to identify such forward-looking statements. These forward-looking statements are based on information currently available to the Company and are subject to a number of risks, uncertainties, and other factors that could cause the Company's actual results, performance, prospects, and opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, whether or not the Company completes the purchase of the Butte Highlands JV, LLC membership interests, risks related to the timing and completion of the drilling programs at Butte Highlands and South Eureka, risks and uncertainties related to mineral estimates, risks related to the inherently dangerous activity of mining, and other such factors, including risk factors discussed in the Company's Annual Report on Form 10-K for the year ended September 30, 2011. Except as required by Federal Securities law, the Company does not undertake any obligation to release publicly any revisions to any forward-looking statements. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. September 26, 2012 (Source: Marketwatch) Disclosure: Timberline Resources is a Vulture Bargain Candidate of Interest (VBCI) and is our fully fledged Vulture Bargain #4. Members of the GGR team are actively accumulating shares of TLR and continue to hold a speculative long position in the company.
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| Posted: 26 Sep 2012 06:37 AM PDT
The argument takes the line of a famous Sherlock Holmes bit of reasoning: "Once you eliminate the impossible, whatever remains, no matter how improbable, must be the truth." Basically it made very little sense for the Fed to push all its chips in the middle, when for various reasons the December meeting would prove a much more logical point at which to do so. The alternative to ascribing political motive to the Fed — as a logical counter to the appearance of dumbness — is to see them as simply stupid, to wit, "If those guys really believe that 1) QE infinity is going to help unemployment and 2) the severe risks of acting prematurely are worth it, they must be dumber than any of us thought." And now the chickens are coming home to roost. A serious risk the Fed faces, having implemented "QE infinity," is running out of psychological ammunition at a time when fresh crisis fears are building. No doubt the Fed technically has unlimited printing press ammunition. But that ammo is not truly unlimited because of political constraints and sentiment blowback risks. The Fed's juju mainly works through sentiment and expectations. As of late sentiment toward the printing press has been neutral to positive. If it turns negative, more printing immediately becomes toxic in respect to direct impact on investor behavior. Had the Fed held something back for December, they would be in a better place to talk markets higher. But now that crisis is threatening to loom large again in both China and Europe, we have to ask, "What now, Ben? And what next? QE 4, 5, 6? QE infinity plus one?" Merits of stimulative market manipulation aside, past QE interventions "worked" because they served to arrest a period of market decline. This latest round of QE is different, however, in that not only is it far more subject to the law of diminishing returns, it came at a point when equities were already notably extended to the upside (and the dollar notably extended to the downside). What the Fed has achieved, in result, is further contribution to precarious conditions at a time when real crisis elements are looming. Bearish market technicals aside, digest the following and tell me it doesn't say "powder keg:" Man Crushed by Steamroller on Orders of Chinese Officials (InfoWars). [Can you say Tiananmen? How about Tunisia? - JS] "A villager in northern China attempting to resist a forced government relocation by remaining on his land was brutally crushed to death by a road flattening truck on the orders of a Chinese government official. The story, which was censored in China's state controlled media, has caused outrage amongst users of Weibo, the Chinese version of Twitter, given it's horrifying similarity to what happened to student protesters who were crushed to death by tanks during the Tiananmen Square protests in 1989…" Protesters Take to Street in Madrid (NYT). [Saving the euro is not the same as saving europe from recession / depression fallout. Not even close. -JS] "The pressures facing the government of Prime Minister Mariano Rajoy mounted on several fronts on Tuesday, as thousands of demonstrators besieged Parliament and Spain's two largest regions took steps that underscored their deepening economic troubles and displeasure with his austerity plans." Spain Recoils as Its Hungry Forage Trash Bins for a Next Meal (NYT). [Speaking of depression... -JS] "At first glance, she looked as if she might be a store employee. But no. The young woman was looking through the day's trash for her next meal. Already, she had found a dozen aging potatoes she deemed edible and loaded them onto a luggage cart parked nearby. "When you don't have enough money," she said, declining to give her name, "this is what there is." And then there is the most recent Economist cover:
Oh and by the way, what if earnings suck? Analysts are calling for third quarter 2012 to be the first negatively revised earnings period since the recovery began in 2009. While analyst predictions are notoriously useless, there is meaningful chance that the newfound pessimism is actually not pessimistic enough. Everywhere one looks there are mounting signs of slowdown – and elevated valuation risk:
As we said in a recent GMN, Gray Swans and tail risks are mounting. Those who ignore as much do so at their own risk. We see good opportunities building on the short side of this market. And quite frankly we are skeptical of views presented by traders who only play one side of the market (i..e long only or short only). If you only have a forehand and no backhand, you will always be tempted to go to your forehand even when it doesn't make sense. One example of a thematic short we initiated on Tuesday is YUM Brands (YUM:NYSE). YUM is essentially an international fast food conglomerate with heavy exposure to China and discretionary spending headwinds, making it a solid global slowdown play.
Anything can happen, of course. The powers that be can put together another hail mary pass of epic proportions that leads to yet another round of euphoric buying. This is why the skilled and versatile trader makes a point of being equally comfortable on both sides of the market, long or short. With that said, though, in our view the law of diminishing returns is kicking in. We see the recent run-up as classic example of a Soros style "false trend," and in terms of longevity and sustainable driver issues that trend right about now looks like a 90-year-old man smoking two packs a day. We have multiple short positions on but continue to trade relatively light. The next real stage of development for this market will be seeing what earnings season brings – if expectations fall short even as QE infinity proves itself to be a dud and "risk off" tail scenarios multiply, there will be some excellent and pyramidable downtrends ahead. Per the usual, all real money positions documented and time stamped in the Mercenary Live Feed.   p.s. Like this article? For more, visit our Knowledge Center! p.p.s. Break the Institutional Barrier - and Substantially Increase Assets Under Management! Access our FREE report to find out how... p.p.s. follow us on Stocktwits & Twitter! @MercenaryJack and @MercenaryMike
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| 'Buy the Dips' in Precious Metals, Analysts Advise Posted: 26 Sep 2012 05:57 AM PDT Wholesale gold prices in US dollars dipped beneath $1,760 per ounce for the third time this week in London on Wednesday morning, gaining against the euro and sterling as those currencies fell faster. |
| South Korea Increased Gold Reserves By 30% Posted: 26 Sep 2012 05:43 AM PDT Gold continues to eke out gradual gains in all currencies. It looks set for the best quarterly gain in more than two years, as central banks and investors diversify into gold to hedge against the prospect of weaker currencies and slowing growth. |
| Crisis-Fighting Drives Gold Investment Demand Posted: 26 Sep 2012 05:28 AM PDT The bull run of gold could last another five to seven year and Deutsche Bank analysts calculated using a historical measure of gold against major benchmark that gold's price could range from $1,455 to $2,960. |
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