-- Posted Sunday, 12 March 2006 | Digg This Article
Today is the third in a row that metal prices have been hit hard. Friday through Tuesday saw the move downward that we normally see made on Fridays, which is done by the government's illegal gold manipulators (the "PPT" correlate for metals) so that the average investors have the weekend to sweat the price of gold. Last Friday saw no such big move, just the second day of a minor retreat which continued on Monday and Tuesday, and now we know why. Wednesday was the really big hit, followed by smaller, though significant, hits yesterday and today, designed to leave us mere mortals wondering over the weekend if we shouldn't dump all our metal stocks, sell our bullion and buy government bonds.
Don't be fooled. They obviously planned a major push for this week, for some distinct reason, but it appears to be at an end. The key is in today's sudden turnaround in the stock prices of mining companies, which gapped down at the opening bell, then turned and raced upward. Gold Corp (GG) is up $2 with three hours to do in the day's trading session. Somebody knows something. First, they know the metal assault is over. Second, they know something is coming, something which likely will result in a BIG runup in the prices of precious metals and, of course, mining company stocks.
Is the metal bull merely reasserting itself or does all this portend something significant internationally? Time will tell. The Iranian oil bourse is due to open in ten days. If allowed to do so, the dollar will begin its final swan dive, of course, with a pause only after it falls by at least 50%, whereupon the American empire will be at an end and the official beginning of Depression II will be called. Will our NWO masters allow that scenario? Probably not, but they may be unable to prevent it, even by laying waste to Iran.
At the very least, they can be expected to distract us and mask the fiscal nightmare bearing down upon us with war, just like always. Conveniently, Iran has provided itself as a target. Note how the Administration has been telling us about Iran's ability to first cripple us with ICBM-launched hi-altitude nuclear EMP bursts, then how they could decimate our cities with nuclear launches from ships sitting just off shore. Recall how they told us about Saddam spraying poison toxins over our cities just before invading Iraq? These are interesting times, indeed. The next week or two should prove to be most interesting.
If you have not yet done so, this would be an excellent time to back up the truck, boys and girls. I still like Gold Corp (GG) and North American Palladium (PAL), neither of which carry any hedging contracts whatsoever. I also like a couple of moly plays: Golden Phoenix (GPXM), as well as two juniors - Adanac Moly (ANCGF) and Win-Eldridge Mines (WIDMF). I own modest amounts of all except GPXM, for which I stubbornly am awaiting its stock price to fall back under 35 cents per share before buying any. All three molys are penny stocks and thinly traded, thus can be volatile. I think the potential for molybdenum is greater than that for the precious metals, even their poor relation, palladium. GPXM is established and producing, but you have to look at both Adanac and Win-Eldridge as nothing but pure flyers (albeit with better fundamentals than most).
For bullion and numismatics, I don't think you will find a better day than today to call Steve at the Spokane Coin Exchange (800-577-8332). I've had a number of rave reviews from list members who report how well treated they were by him and how surprised they were by his pricing. I use him myself.
I've said, "back up the truck" a time or two in the past three months, and for good reason each time, but you have not yet heard me say the following: This very possibly could be the last chance you will have at the prices you see out there today.
-ed
-- Posted Sunday, 12 March 2006 | Digg This Article
