I sure would like to know if the Alaska properties have any
potential now with Gold over 290.
That's my take also, 2 Mil proved up,
MKT cap of 8 mil, 2 mil proved , looks like MKT cap of 4 bucks per oz. proven.
looks like each 23 shares = 1 oz behind it.
XXXXXXXXXXXXXXXX
Company should do a Rights offering.
I sure would like that now. I sure could go for the oversubscription privilege.
I want the warrants.
1 unit could be like 20 shares and 1 warrant.
would be a great time to do this. go right to stockholders.
get the warrants to trade, it sure was fun trading the DBLE warrants.
here is someone who made me a a lot of money, he is good.
XXXXXXXXXXXXXXXX
Richard Russell
gold-eagle.com
RICHARD RUSSEL ON GOLD
I don't miss a day of the excellent commentary from this seasoned and highly respected market professional. Richard is a great role model for me, not only because he knows what he is talking about but also because over time, he has learned that there is no place for arrogance when it comes to markets. Markets have a way of humbling even the cockiest of us at times. This is something that we gold bugs are going to have to keep in mind if, as I expect, our favorite metal is in the early stages of a super bull market. In any event, when I quote from Mr. Russell, it is only fair that I guide you to his web site and suggest you consider subscribing to his service as I do. To me his service is worth every penny of the $200 subscription price. Visit www.dowtheoryletters.com for more information.
Richard has turned increasingly bullish on gold over the past several weeks. He has been at least moderately bullish for several months. And he, along with some of the champions of our newsletter (David Tice, Ian Gordon, Dr. Batra, Dr. Larry Parks to name a few) was among the earliest analysts to conclude that we are in a primary equities bear market. In any event, here are some words from my hero Richard Russel published in "Richard's Remarks" on February 4th, 2002.
"The central banks of the world would love a world without gold. They would love a world in which there is no alternative to the paper money which they can create at will. Gold, which must be mined by the sweat of men's brows, cannot be created by faceless men sitting behind desks in central banks. Gold production is limited, and gold is costly to produce. As the mountains of paper money pile up, it must be measured as a ratio against the amount of gold that exists or is being mined.
"To put it succinctly, I believe we're nearing the crossroads. The crossroads I'm referring to is the point at which the world's central banks lose their battle against gold. Money is quietly pouring into gold bullion, gold coins and gold stocks. We can see it in the charts. And it's big money, important money. And significantly, we know a fair portion of it is Chinese money.
"Back in 1980 gold was over 800 dollars in price and the Dow was 796 at the low. That was a ratio of roughly 1 to 1 -- gold against the Dow. The ratio today is now 34.2 to 1 in favor of the Dow. But the unknown to almost everyone, the Dow/gold ratio topped out in August of 1999 at 42.1 then formed a lower peak in May of 2001 at 41.1.The ratio has now dropped to 34.2. The giant parabolic rise in the ratio has topped out, and when parabolic rises top out -- they almost top out and decline over a period of YEARS.
"Russell forecast -- I see an extended period, maybe multi-years, in which gold will outperform the Dow. It would not shock me to see the ratio return to 1 to 1 some day. More about this in the next Letter."
(Editor's Note: In early 1980 the Gold/Dow ratio was 1:1 - Gold $850 and Dow 800) |
