SI
SI
discoversearch

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.
Strategies & Market Trends : Natural Resource Stocks -- Ignore unavailable to you. Want to Upgrade?


To: Jim Willie CB who wrote (4407)12/5/2003 12:46:55 PM
From: gold$10k  Read Replies (1) | Respond to of 108622
 
JW,

re: Bill Murphy

<<he has expected a massive short squeeze since early 2002>>

... actually since 1999

<<JUST SAME OLD SAME OLD DRIVEL ???>>

That's my view. When gold spiked up in 1999 on the announcement of the Washington Agreement (limiting European CB gold sales) he pleaded that we shouldn't sell at the top. I did and parted ways with Bill Murphy at that point. Gold and the gold stocks did a 100% retracement of that spike.

He also was a big promoter of Greenstone Resources which he touted straight to virtually zero. Ouch!!!

Regards,

vt



To: Jim Willie CB who wrote (4407)12/5/2003 12:47:37 PM
From: abuelita  Read Replies (1) | Respond to of 108622
 
thanks jim-

i was asking because he had this to say
about tumi resources. i have been a small
position and i was wondering about his
credibility.

“I took the opportunity to invest in Tumi Resources Ltd and bump up my silver exposure. To-date all I owned was ECU Silver.

Tumi has two significant projects located near Guadalajara, Mexico which have positioned the Company as one of the premier junior silver-gold explorers in that country: 1) The advanced Cinco Minas silver-gold project; and 2) An extensive portfolio of early stage silver-gold projects in the Gran Cabrera area which includes more than twenty significant old precious metal mines that historically produced high-grade silver-gold ore.

A couple of weeks ago the company announced bonanza grade hits at its El Abra mine area of:

20m averaging 3.2 g/t gold and 845 g/t silver,
including 6m averaging 9 g/t gold and 2,608 g/t silver

Naturally, the stock ran up the past couple of weeks on the news, but set back today to $1.66 Cdn, down 5 cents. Its TSX Venture symbol is TM.V.

If further drilling results confirm the above results, Tumi could really move.

The gold fundamentals remain a "10+." Now that we know the Arabs are going to do all they can to keep the oil price from dropping and are very concerned about the dollar drop, it makes it even more likely they will step up their gold purchases. The scenario for gold and silver just gets better and better by the week.

GATA BE IN IT TO WIN IT!

MIDAS


-r