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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: Taikun who wrote (33677)	12/31/2004 3:49:56 AM
From: Salt'n'Peppa	Read Replies (1) \| Respond to of 39344

Wall Street spam artists now touting gold... Is this the beginning of the end or the beginning of the secular bull run? You have to excuse the very poor grammar from this alleged professional, but his message is clear. I just received the following message in my email: _______________________________________________________________ Don't Be Scared of Gold Stocks! Vol. 5 Issue 51. Circulation 35,100. Some gold bugs are being foolish. Gold stocks have been under performing the price of gold now since November. Gold stocks tend to lead gold so when they begin to lag the price of gold it usually signals an upcoming correction in both. And that correction is here. Gold bulls should see this correction as a godsend a chance to buy into gold stocks and hold them ahead of a coming collapse in the dollar and explosion in gold prices. This will cause a parabolic rise in the mining shares in 2005. We are going to get this last chance buying opportunity in the coming weeks and I want you to be coolheaded so that you can take advantage of it. Many of the gold bugs will panic and throw in the towel. Dont get scared if the gold stocks fall and you hear scare talk about how everything is over or how the "manipulators" will never let the stocks go up again. Fear and hysteria is already coming from some gold bugs. This week Alex Wallenwein, who publishes a gold newsletter called EURO Vs. Dollar Currency War, claimed that gold stocks have been lagging gold because of a Wall Street conspiracy. In an editorial posted on some gold sites he wrote: "If you were in the "gold-price management" business and wanted to keep US investors from getting too hyped up about gold, what would you do? Would you keep shorting gold when everybody and their brother is already on to your game, or would you shift it to the shares, where nobody expects you to be active - yet? " "Would you do it in the price of bullion, into which you know few investors are actually putting their money - or would you do it in the market segment they all are piling into when gold starts looking good? " "That's one way of explaining the lagging share prices. So far, it's pure speculation and extrapolation from a few known factors. Maybe someone with a stronger motive to prove this will look into it and find the evidence, but the point is that bullion is the clear winner in this new era." Ive been reading articles for the past several weeks by some gold bugs who dont believe that gold is going to have any corrections. With that belief so firmly held they have had to come up with reasons to explain the weakness in gold shares. Wallenweins reasoning is typical from some of these commentators its a Wall Street conspiracy. There are two problems with this thinking. First of all there is no proof for it at all. With no evidence it is simply fantasy thinking. Why assume something when you have no proof for it when a simple explanation is more logical? And here, the simple explanation is proving itself as reality once again - gold stocks lead gold, the stocks are now lagging, we will probably get a correction in both. I told you this was likely a couple of weeks ago. Such a correction has happened before during this gold bull market and each time it has happened it has been a fantastic buying opportunity. Bull markets dont go straight up forever. They all have their dips that provide entry points for those prudent enough to take advantage of them. Accept the fact that is how markets work and you can think rationally and not fall prey to scare talk. And thats the final problem with this type of thinking. It is totally defeatist. If you listen to the conspiracy and defeatist talk from some gold bugs you will end up giving up on gold stocks and missing out on an incredible buying opportunity. Or even worse, youll sell on the bottom. Financial markets create wild emotions in those who participate in them. Tops often culminate in wide spread optimism and wild bullish sentiment. Bottoms bring with them defeatism, fear, and disgust. Irrationality reigns. Keep your wits about you. Accept markets for what they are and not what you think they should be. Sure, I think the dollar is going to go much lower over time and gold will probably eventually top $1,000 an ounce. I dont think its a conspiracy, because gold isnt at that level yet. It takes time for bull markets to run their course. Keep your chin up. And dont lose hope because of a little correction and defeatism from some gold bugs. See this for what it will become a last chance buying opportunity and a godsend. It's not here yet - but it's coming. Be ready. Mike Swanson By the way - If you'd like to take advantage of this correction, make sure you sign up for a risk-free trial of WallStreetWindow Basic. I'm still running the Holiday Special but you've only got about 48 hours left to take advantage of it. And I can honestly say - at the rate we are growing - I won't ever be able to offer a deal as good as this one again. Don't miss out! Do it now. Click here now for more info: wallstreetwindow.com

To: Taikun who wrote (33677)	1/2/2005 4:34:14 PM
From: E. Charters	Read Replies (2) \| Respond to of 39344

That (limestone scrubbing) is Hugh Ambercrombie's thing in Birch Mountain. I met the BM people in Fhart MacMurraystan doing some explo up there in the nineties. We were both looking for the source of the placer gold in AB. Inconclusive was the final thinking, although some evidence favoured a local source connected with Carlin type thingies. At the time the Syncrude engineers were looking at taking metals out of the tailings of the Tar Sands. It is about 20 dollars a ton. Tonnage is staggering. Some other people are trying to get the sand tailings themselves to give up titanium and zircon. Some doubt that they can concentrate it. I am not so sure that it cannot be done, due to my experience in paramagnetic separation in diamond indicator labs. Paramagnetic separation is quite effective or the diamond pickers could never get their work done. One can separate olivine from quartz in high intensity mag fields. We studied this at Haileybury in the 70's but I never saw a commercial app yet. The limestone thing is connected with the effluent abatement need of the refineries. There is abundant surface limestone in the area. In fact the limestone was reputed to be the source of the local placer gold. Providing limestone for the scrubbers is a business that apparently has a demand. EC<:-}