Developing The Highly Acclaimed Coringa Property in Brazil

High Grade Gold Of 28.80 g/t Au, with 95.50 g/t Ag, 3.51% Pb and 0.66% Zn Intersected over 1.0 m at Coringa

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Message: JPMorgan favors precious metals in 2008

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Re: JPMorgan favors precious metals in 2008

in response to JPMorgan favors precious metals in 2008 by AGORACOM

posted on Dec 09, 07 12:43PM

I would be thrilled if the average price of gold could average $815/oz. That would set the stage for a test an ultimate break of new highs in 2009; hopefully at the same time chapleayu can get Coringa up and going. 1 thing I dont get though: Why would JP Morgan only think the price wouldgo up to $900/oz then reverse, in line with currency expectations? Obviously anything can happen, but I expect the price to take off upon a clear break of $870 into the $1000's.

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