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Monday, November 12, 2012

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Huldra Awaiting Ministry OK to Start Milling 24/7

Posted: 12 Nov 2012 02:38 PM PST

HULDRA SILVER IS PLEASED TO PROVIDE AN UPDATE ON MILL COMMISSIONING AND MINE STATUS

Huldra Silver Inc. has provided an update on the commissioning of its 200-tonne-per-day silver, lead and zinc crushing, grinding and flotation mill in Merritt, B.C. The company also wishes to provide an update on the current progress at the Treasure Mountain mine, located 70 kilometres south of Merritt, B.C.

Under the supervision of a metallurgical engineering consultant, the company has been making minor modifications to the processing plant. This work involved changes to the mill from fine ore bin right through to the filtration area. The mill was shut down temporarily to make these modifications, which have been completed in a timely manner.

With the current adjustments to the processing complete, the decision has been made to begin processing recently mined mill feed instead of the historical partially oxidized stockpile from the Treasure Mountain mine. Huldra has hired additional managers, consultants and employees during the past two weeks to begin operating the mill 24 hours a day, seven days a week, immediately upon approval of the Ministry of Energy and Mines. Further maintenance and upgrades are expected to occur during regular operations.

The company considers the mill commissioning to be substantially complete. As highlighted during recent facility inspections, as required under the Mines Act of British Columbia for a fully operational mill, the company accelerated and completed the planned replacement of temporary ladders, lights and fans with permanent fixtures.

The Treasure Mountain mine has been operating throughout this period, with stockpiles of mill feed increasing on a daily basis from the underground mining operations. The frequency of transportation of mill feed from the mine site to the mill site has been increased in order to meet anticipated increased mill throughput. Further underground exploration plans are being developed and will be released as soon as they are complete.

Huldra currently employs approximately 75 full-time employees in the Merritt, B.C., area, along with additional contractors and consultants. The company expects that the level of employment will continue to increase as further development occurs at both the Merritt mill facility and the Treasure Mountain mine.

We seek Safe Harbor.

Pfizer: Buy, Sell Or Hold?

Posted: 12 Nov 2012 01:24 PM PST

By Cris Frangold:

For Pfizer (PFE) there is good news, there is bad news, and there is really good news.

First, the bad news. Pfizer released 3Q results confessing a 16% decline in revenue to $14 billion. The pharmaceutical company narrowed its 2012 guidance. About 4% of the loss was due to a stronger dollar on the currency market. Of course, the big player was Lipitor's patent expiration. Lipitor sales were $750 million compared to $2.6 billion one year ago. The drug accounted for only $190 million in sales in the U.S. The patent plague continued with loss of Detrol's exclusivity in September 2012.

Another problem was a 5% decrease in Prevnar Vaccine sales. The loss was a surprise. The excuse was everyone has been vaccinated. There was not market share loss, though, to Merck's (MRK) Pneumovax.

The bad news goes to the north. The Canadian Supreme Court held Pfizer's patent on Viagra


Complete Story »

ECB Bond-Buying: The Rape of Europe Continues

Posted: 12 Nov 2012 11:03 AM PST

In the summer of 2011, I wrote a four-part series entitled "Economic Rape of Europe Nearly Complete". In that extended piece; I detailed how the combination of three malevolent forces was decimating the economies of Europe one-by-one.

Through the relentless fraud/manipulation in Euro debt markets, sadistic "austerity", and so-called "bail-outs" which just bury these insolvent economies even deeper in debt; the Western banking cabal is systematically looting these nations.

The manipulation of European debt markets was (is) accomplished through the fraudulent rigging of the credit default swap markets; combined with the complicity of the Big Three ratings agencies and the West's media Oligarchs.

The bankers manipulate credit default swap prices higher, simply by piling-on massive bets that a particular Euro-zone nation will default. The propaganda machine immediately shrieks that "risk" has now increased for this debt market, and then the accomplices in the ratings agencies comply with a ratings downgrade – immediately driving interest rates higher.

With the massive debts being carried by these economies, any increase in interest rates automatically makes the economy significantly less solvent, turning this tag-team of fraud into a self-fulfilling prophesy. With the banksters literally capable of manipulating Euro zone interest rates to any number they desire, as a matter of simple arithmetic it is impossible to "bail out" any of these nations – by lending them more money.

The moment more bail-out dollars are released, the banksters immediately drive interest rates even higher. Thus all the bail-out dollars are siphoned-out of the economy in the form of higher interest payments to the Bond Parasites, meaning all that each "bail out" accomplishes is to pointlessly pile on more debt.

Meanwhile, as more and more of every revenue-dollar is sucked out of these economies by the debt-market fraud, Austerity is literally nothing less than economic suicide. In economies already starved for capital, Austerity is the precise equivalent of a doctor putting a severely anorexic patient on a diet.

The empirical evidence is overwhelming. In every European economy which has inflicted Austerity on its population, the rate of economic contraction has accelerated, and the size of the budget deficits has grown larger instead of smaller. Since the entire raison d'etre of Austerity is to (supposedly) shrink these deficits, it is nothing less than deliberate suicide to continue this policy, and serves no purpose except to free-up more dollars to be paid out as interest payments to the Bond Parasites.

With these European governments having no viable plans for excavating their economies from debt, and with the bankers capable of instantly sabotaging any plan with more debt-market fraud (even if there was a plan); lending these economies more money (and calling that a "bail out") is still more suicidal insanity. All that is accomplished is to increase the size of these debts – and interest payments on those debts – still further.

This systematic looting can only possibly result in the complete bankruptcy and total destruction of each of these economies, as has almost been completed with Greece. Now these Financial Fascists want to both accelerate their economic rape, and to tighten the choke-chains of debt around the throats of these governments.

Where Now for China's Gold Market?

Posted: 12 Nov 2012 10:22 AM PST

Seeing the trouble it has caused, however, you might forgive China's leaders for wanting to marry strict regulation with a boom in financial services. Gold investors everywhere might want to thank the bureaucrats' strong hand, too.

Here’s why the gold price goes over $2000 in the next 3 months whilst the S&P falls to 1215

Posted: 12 Nov 2012 10:19 AM PST

Below is a chart looking at the S&P's and Gold's relative price performance over the past 5 years. Aside from the obvious, namely that gold has been a way better investment than stocks (up 100% versus down 5%), if we look a little more closely we can see an interesting trend emerge.

Gold versus the s and p 5 years Here's why the gold price goes over $2000 in the next 3 months whilst the S&P falls to 1215 (click for sharper image) 

Over the past 5 years we can see that for the majority of the time  the US stock market (S&P 500) and gold moved in the same direction (grey). So when gold fell so did the S&P, and when the S&P rose gold also rose. Broadly speaking this type of market action has happened 36 months out of the last 60.

But there were occasions, happening just 12 months out of the last 60, where the gold price rose when the S&P fell (green). These occasions were rare (happening 20% of the time) and short lived (lasting around 3 months), but often producing the fastest gains for gold.

There was one period lasting 12 months, from August 2011 to August 2012, where gold went down and the stock market went up (blue).

So are we due another brief but powerful period in the market when gold rises and stocks fall?

Looking again at the above chart, we can see that the average time when gold isn't in this (green) +ve divergent period is about 12 months.

The past 14 months has been a period when stocks have either risen whilst gold has fallen (blue) or both stocks have risen/fallen together (grey). So you could argue that we're actually past due seeing one of these (green) periods once again.

The average time that gold goes up and stocks fall (green) over the past five years is just 3 months, this compares with the average 12 months that gold and stocks fall/rise together (grey) or stocks rise and gold falls (blue).

However this period (green) is also when some of the biggest and fastest gains in gold can be made.

During these (green) periods gold has averaged more than a 20% rise in the price, whilst US stocks have on average fallen just under 20%.

So what are the past 5 days telling us is happening?

gold versus the s and p 5 days Here's why the gold price goes over $2000 in the next 3 months whilst the S&P falls to 1215 (click for sharper image) 

Here is gold and S&P 500 for the past five days. You can see that positive divergence (green) started on Tuesday. Since then gold has gone from $1685 to $1730, a rise of 3% whilst the US stock market has gone from 1430 to 1385, a fall of around 3%.

It's too early to know for sure if gold has entered one of these brief (green) periods where it rises and the S&P falls, but if we are then an average repeat of the past 4 periods in the last five years should see gold going to over $2000 in the next 3 months.

And it would mean a fall in the S&P to around 1215 over that same time frame. Sound fanciful?

Just remember, the last time gold went up and the S&P went down the S&P lost some 15% whilst gold went up around 23%. The reason for the positive divergence in the summer of 2011? The seeming incompetence around Congress to agree to a debt ceiling raise, sound very familiar?

Source Website

Silver: The Best Leg Is The Last Leg

Posted: 12 Nov 2012 08:10 AM PST

Ellis Martin interviews David Morgan regarding the last leg of the bull market for precious metals. In this segment, Mr. Morgan discusses the fundamentals in place for what will be the final four years of a top in gold and silver….taking note of the fact that most of those that are not in the metals market have yet to enter it. Potentail buying opportunities continue to exist and shall remain as such for the two or more years.

from opportunityshow:

~TVR

LBMA: Chairman Says Chinese Gold Allocation To Rise; SGE To Launch Interbank Market

Posted: 12 Nov 2012 08:06 AM PST

gold.ie

Real Estate Priced in Gold

Posted: 12 Nov 2012 07:56 AM PST

Throughout history many fortunes have been made and lost in real estate. Luck has of course played a part in these outcomes, but the main reason for changing fortunes is the decisions that were made, whether good or bad.

Silver Update: Looping Chinese Silver 11.11.12

Posted: 12 Nov 2012 07:23 AM PST

Silver Update: Looping Chinese Silver 11.11.12

from brotherjohnf:

~TVR

Got Gold Report - COT Chart Review

Posted: 12 Nov 2012 06:58 AM PST

Vultures (Got Gold Report Subscribers) please log in and navigate to the Got Gold Reports Section for an update containing most of the charts we review each week for the Commodity Futures Trading Commission (CFTC) commitment of traders report (COT).   Significant changes this week are better understood using the charts, which allow the observer to see the action visually. 

To continue reading, please log in or click here to subscribe to a Got Gold Report Membership

Falling Markets & Why Gold Shorts Are Getting Suckered

Posted: 12 Nov 2012 05:53 AM PST

from kingworldnews.com:

On the heels of gold and silver rallying and stocks plunging this week, today Michael Pento discusses why gold will soar as the markets are clinging to the edge of a cliff. Michael Pento writes exclusively for King World News to also let readers know what to expect in Europe, and the US going forward. Here is Pento's piece: "Spain wants the ECB to lower its borrowing costs but doesn't want the accompanying pain. Mario Draghi has promised to buy the country's government bonds, but only if Prime Minister Mariano Rajoy makes a request for aid from Europe's bailout fund and also agrees to the ECB's fiscal measures that would greatly reduce the country's deficits."

Keep on reading @ kingworldnews.com

What’s Next For Gold As Governments Become More Desperate

Posted: 12 Nov 2012 05:51 AM PST

from kingworldnews.com:

With gold and silver moving higher this week as stocks were trounced, today, Egon von Greyerz lets King World News readers know what to expect for the rest of this year as well as for 2013. Here is what Greyerz had this to say: "We are entering one of the most worrying times in history, maybe even for centuries or even for a millennia. I think we are going to see a turn in the world economic situation that is going to be long and extremely difficult."

Egon von Greyerz continues:

"We will see an economic collapse. The economic collapse will lead to more social unrest, and it will lead to wars. It will also lead to unlimited money printing, bonds collapsing and interest rates soaring. We will also see a stock market which will collapse in real terms (vs gold).

Keep on reading @ kingworldnews.com

Where Now for Chinas Gold Market?

Posted: 12 Nov 2012 05:48 AM PST

Sprott Silver Does Follow On Offering

Posted: 12 Nov 2012 05:23 AM PST

Importers of Gold 'Digesting Higher Prices'

Posted: 12 Nov 2012 05:13 AM PST

Gold prices hovered just below $1,738 an ounce Monday morning in London, close to three-week highs, while stocks and commodities were broadly flat and the euro traded near two-month lows against the dollar.

LBMA: Chairman Says Chinese Gold Allocation to Rise

Posted: 12 Nov 2012 04:44 AM PST

Gold is 0.25% higher this morning after posting the biggest weekly gain (+3.3%) since late August on safe haven buying driven by worries about the US fiscal cliff and economy.

SIAP: Eric Sprott at Manahattan Investor Conference

Posted: 12 Nov 2012 03:58 AM PST

Big Progress in China's Gold Market

Posted: 12 Nov 2012 03:26 AM PST

Where does China's gold market go from here...?

read more

Gold & Silver Futures: Broken Price Discovery

Posted: 12 Nov 2012 02:14 AM PST

Most futures traders have learned to accept or pay cash in exchange for rolling their futures contracts out when delivery approaches. Just about everybody now knows that physical delivery cannot actually happen in the silver market.

Silver Market Update

Posted: 12 Nov 2012 12:09 AM PST

Chart of the Week: An Ever-Growing Balance Sheet

Posted: 12 Nov 2012 12:04 AM PST

While Americans were submitting their ballots, gold rallied on the possibility of a President Obama reelection. With results confirmed, it appears that Ben Bernanke's job of hovering over the economy and dropping money out of his helicopter is secure.

Alka Singh: Distinguish the Precious Metal 'Haves' from the 'Have-Nots' and the 'Wannabes'

Posted: 12 Nov 2012 12:00 AM PST

With gold and silver prices expected to be heading higher in 2013, investors will need to decide how to allocate funds to both hedge their bets and still make room for upside potential. In this...

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Nullification Goes Mainstream; States Defy Washington on Drugs and Health Care

Posted: 11 Nov 2012 11:32 PM PST

Dollar Collapse

James Turk on the Overestimated Gold Stock, the German Repatriation, and an EU Crisis! *incl. video*

Posted: 11 Nov 2012 11:00 PM PST

Charleston voice

Updating my trading viewpoints for Silver

Posted: 11 Nov 2012 09:30 PM PST

Dan Dontrose

U.S. Dollar, Gold Implications of Election

Posted: 11 Nov 2012 09:20 PM PST
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