Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: TigerPaw who wrote (6566)	9/17/2002 11:00:44 AM
From: Jim Willie CB	Respond to of 89467

all assets rising from low interest rates to be killed / jw

To: TigerPaw who wrote (6566)	9/17/2002 11:09:02 AM
From: Jim Willie CB	Respond to of 89467

gold is NOT taking the Iraq headfake, recovering nicely kitco.com at #316 roughly now took a sharp dip when NYCity opened as the gold traders say in Europe "good morning, America" the gold market is defying the Gold Cartel what a perfect opportunity to drive gold down back to #305 but gold is building back slowly I bought more gold shares 20 minutes ago in Novagold (NVGLF) which in Canada is NRI.TO an unbelievable story here with expanding gold reserves being discovered on their properties with connecting veins within the large property, which results in dropped cost of production their cost per oz gold is about $175, and still coming down last week they had more successful drills on their other Rock Creek property with yields of 6, 10, 25 gm/ton (very nice numbers) the gold equity market cannot keep up with the fundamentals on this company when PlacerDome's stake is clarified later this autumn on the Donlin Creek property, many experts expect the Novagold share price to at least double, just from removed uncertainty by then their drillers are likely to find yet more gold at Donlin but the best aspect of Novagold according to my assessment is its self-funding capability in 2001 they bought Great Alaskan Gold, but not for its gold they parceled off and sold some properties, receiving over 100% of purchase price in the process their prize was North America's largest gravel pit this is its CASH COW, funding all exploration efforts the end result will be minimal equity sharing later cash cow internal funding, expanding reserves, lowcost production, cheap acquired property, wow check the chart on NVGLF, a huge new bullish platform is being built / jim