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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: Proud Deplorable who wrote (10095)5/1/2006 10:43:20 PM
From: koan  Read Replies (2) of 78419
 
I just posted my respose to Dave. Just got into a hotel after traveling all night. You are dead on when you say mining stocks and politics are inseperable.

Even right down to the city level. Juneau Alaska stopped Echo Bay opening the A. J mine (by itself!) and it cost Echo Bay 100 million dollars (and pretty much bankrupt the company). Over 100 million tons of .05 bulk gold ore is just sitting there right now. Cities, states, provinces, countries, economic policies are paramount to making corrrect mining investment decisions.

In fact most of us know the PRIMARY consideration these days after "is the ore there" is can the politics be overcome to put the mine into production.

Politics is everything in the mining world today. Look at CZN. One of the greatest deposits in the world, but what are the odds they will get the permits.

RDV took 11 years to get permits. The politics in Alaska and BC have changed dramatically from con mining to super pro mining in just the last few years. It has made a huge difference in mining stock values up there.

And politics are about personalities, pure and simple.

Bernanke deciding to put a hold on raising feds funds rates has caused the dollar to tank and gold and silver to rise so much the last three days.

Bernanke's decision was the PRIMARY reason gold and silver have been rising for the last three days!!

Omit political understanding and your portfolio will be worth a lot less. In my opinion.

Cheers
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