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AGORACOM WIRE - WEDNESDAY MAY 30TH, 2012

GOLDEN HOPE MINES (TSXV:GNH) Confirms High Grade Intersection of 64.1 g/t Au (Gold) over 1m Read More

The screen metallic analysis returned 82 g/t Au for an average grade of 93.5 g/t Au.
Two additional fire assays on the original pulp done prior to the screen metallic analyses returned 0.22 g/t Au and 0.12 g/t Au for an average fire assay grade of 0.41 g/t Au. The weighted average of all the fire assays and screen metallic assays from this 1-metre section in hole BD2011-184 is 64.1 g/t Au.

Sonomax® eers™ Custom Earbuds Announces Sponsorship of MUTEK 2012

Mutek provides an essential platform for 150 performers to showcase forward-thinking electronic music programming and new media to more than 25,000 attendees
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CONTINENTAL ENERGY Geothermal Energy Project Receives US$ 11.5 Million Grant Read More * Client

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Message: Prett Quiet on the Company Front

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filbert

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Re: Prett Quiet on the Company Front

in response to Re: Prett Quiet on the Company Front by solaris

posted on Mar 04, 09 06:10AM

Grandich just called for such a recovery to take place today:

Gold & Silver - All Aboard!

By: Peter Grandich
The Grandich Letter, Grandich Publications, LLC

-- Posted Wednesday, 4 March 2009 | Digg This Article Digg It! | Source: GoldSeek.com

Since turning bullish on precious metals back in the spring of 2003, I have stated we’re a secular bull market that will have short, but sharp corrections. We just had another one. This, IMHO, should be the last one before we enjoy another major leg up.

Most of the fundamentals that got us to where we are today remain. One that only began in the last year in ernest should continue to be the driving force - strong physical buying. Like it or not, gold and silver ETFs are a net positive. Yes, we don’t know for sure if they hold pure bullion, but what matters is they’re providing an avenue to buyers who likely otherwise wouldn’t be in the market. Before ETFs, many institutional investors avoided bullion due to not wanting to worry about where and how to hold it. They were limited to buying mining shares and many felt that wasn’t a pure way to play gold and silver.

There remains other bullish factors including, but not limited to:

Decreasing mine supply.
Dramatically lower exploration worldwide.
Credit constraints.
Concerns about paper monies.
A shift by the Chinese and others away from financial assets to precious metals.
New Central Bank forming in Middle East and Gold will back it.
Central bank selling no longer greatly impacts price.
Media finally beginning to recognize seven year bull market.

We now have a classic bullish reverse head and shoulders formation. The right shoulder may need a little more work before taking out the neckline at $1,000, but when you combine the fundamentals with the technical picture, you have to love gold’s chances for more upside.

Silver needs more work technically but it’s broken a significant downtrend that started last June. (See my comments on silver from last night)

Use any weakness to add to or make new long positions.

Peter Grandich is Chief Commentator for AGORACOM.com, Canada’s largest online small cap investment community. Read and respond to his blog at http://grandich.agoracom.com/