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Gold Seeker Closing Report: Gold and Silver Gain While Fed Holds Steady

By: Chris Mullen, Gold-Seeker.com


-- Posted 14 December, 2010 | | Source: SilverSeek.com

 

Close

Gain/Loss

Gold

$1403.70

+$6.70

Silver

$29.70

+$0.13

XAU

225.09

-0.31%

HUI

577.79

+0.23%

GDM

1714.72

+0.00%

JSE Gold

2827.58

+41.40

USD

79.39

+0.05

Euro

133.82

-0.14

Yen

119.53

-0.33

Oil

$88.28

-$0.33

10-Year

3.455%

+0.172

T-Bond

121.09375

-2.3125

Dow

11476.54

+0.42%

Nasdaq

2627.72

+0.11%

S&P

1241.59

+0.09%

 
 

 

The Metals:

 

Gold climbed as much as $11.05 to as high as $1408.05 in London before it fell in early New York trade and saw a loss of $5.35 at as low as $1391.65 by a little before 10AM EST, but it then rallied back higher in the last few hours of trade and ended near its earlier high with a gain of 0.48%.  Silver rose to as high as $29.948 and dropped to as low as $29.17 before it also rallied back higher and ended with a gain of 0.44%. 

 

Gold closed just $12.40 away from December 6th’s all-time closing high and silver closed just 10 cents away from December 6th’s 30-year closing high, however both metals are falling in after hours access trade at the time of writing.

 

Euro gold climbed to about €1046, platinum gained $9.50 to $1707.50, and copper remained at about $4.20.

 

Gold and silver equities saw slight losses in the first half hour of trade before they climbed to see modest gains by mid-afternoon, but they then fell back off a bit in late trade and ended mixed and near unchanged.

 

The Economy:

 

Report

For

Reading

Expected

Previous

PPI

Nov

0.8%

0.5%

0.4%

Core PPI

Nov

0.3%

0.2%

-0.6%

Retail Sales

Nov

0.8%

0.5%

1.7%

Retail Sales ex-auto

Nov

1.2%

0.6%

0.8%

Business Inventories

Oct

0.7%

1.1%

1.3%

 

The FOMC left the Fed funds rate unchanged at 0-0.25% as expected.

 

Tomorrow brings MBA Mortgage Applications, CPI, the Empire Manufacturing Survey, Net Long-Term TIC Flows, Industrial Production, Capacity Utilization, and the NAHB Housing Market Index.

 

The Markets:

 

Charts Courtesy of http://finance.yahoo.com/

 

Oil ended slightly lower as the U.S. dollar index rose to end with a small gain after the fed did not announce any new stimulus programs in its statement.

 

Treasuries fell markedly on stronger than expected economic data that sent the Dow, Nasdaq, and S&P higher for most of trade, but a tame fed statement seemed to moderate some of those gains late in the day and the major indices ended only slightly higher.

 

Among the big names making news in the market today were Best Buy, HCP and ManorCare Properties, and Jerry Moyes.

 

The Commentary:

 

Dear Friends,

 

We have been alerting you to the breakdown in the US long bond over the last several weeks and have noted that its collapse in price has serious implications for all of us.

 

Judging solely by the price action in both the Ten year and the long bond, the Fed’s QE program, which was designed to hold down long term interest rates and thus spur lending particularly in an attempt to generate activity in the real estate sector, has proven to be an abject failure. Rates have gone up, not down. Combine that with a surfeit of houses due to the wave of foreclosures and it is difficult to see this distressed sector turning around any time soon.

 

What appears to have taken place is that the focus on the long end of the curve has shifted firmly towards the inflationary aspects of all this Quantitative Easing. In effect, the market has thumbed its nose at the policy boys of the FOMC and completely short-circuited the entire effort.

 

The long holdout on the FOMC, Governor Hoenig seems to have gotten it right as he has been sounding the alarm about the potential for strong inflationary pressures arising from this foolishness. The Fed has gotten the stock market reinflated and shoved the price of many commodities into the stratosphere, but that has come at a very real cost to all of us. The bond market is saying loud and clear – “you want inflation – fine – we’ll just get rid of our bonds”.

 

The simple fact is that the soaring CCI (Continuous Commodity Index) now has fully captured the attention of the bond market and unless the easy money policy is withdrawn (fat chance), they are going to begin the long anticipated, but seemingly never arriving, wave of selling which many of us have feared.

 

There are several dangers in all of this. The first is obvious – rising interest rates will have the opposite effect on consumer spending that the framers of the QE policy intended. The plan was to artificially force down longer term rates through the purchase of Treasuries which would spur bank lending and consumer and business borrowing. How that is supposed to be accomplished with rates going in the opposite direction, escapes me.

 

The next is every bit as real but perhaps not as obvious to the average consumer who is too busy with life to closely follow the implications of this like some of us screen watchers and that is the cost of borrowing for the US government.

 

Long term rates are rising even on the 5 year which means that the US is going to have to borrow more and more on a short term basis in order to fund its ballooning budget deficit and its rising entitlement costs if it wants to keep its borrowing costs low. That may work for a while but the fact is that a nation so deeply indebted as ours has become is now at the mercy of market forces that could drastically force up yields meaning the cost of carrying this mountain of debt grows larger with the passing of each month. In other words, our creditors are going to be demanding more money to carry us. I do not see how that benefits us in the long term in any form, fashion or shape whatsoever.

 

The speed at which the bond market is breaking down is startling. The problem with markets which begin to act like this is that oftentimes that selling begins to feed on itself and a frenzy to unload commences. It may or may not happen to the bonds but the risk is there. Quite frankly, there is only one line of support I can see on the price charts near the 119 level that is standing between the long bond and a drop below 115. If it gets down into that region, things are going to get dicey.

 

Lastly, note the ratio chart of gold to bonds that we have been sending up from time to time. Note how that ratio has soared in favor of gold. A rising ratio signifies that the market is anticipating a wave of inflationary pressures.- Dan Norcini, More at JSMineset.com

 

GATA Posts:

 

 

Gene Arensberg: Is Morgan really getting smaller in silver, and, if so, why?

Morgan said to cut silver short, denies 90% claim on copper

James Turk: Numbers don't lie

Rep. Ron Paul, Republican loner, comes in from the cold

Market riggers are feeling the heat, so help GATA turn it up

Morgan quietly cuts silver futures position way back, FT reports

Ron Paul: Transparency for the Fed is my main objective

 

The Statistics:

Activity from: 12/13/2010

Gold Warehouse Stocks:

11,514,340

-64

Silver Warehouse Stocks:

105,847,302

+35,374

 

Global Gold ETF Holdings

[WGC Sponsored ETF’s]

 

 

Product name

Total Tonnes

Total Ounces

Total Value

New York Stock Exchange Arca (NYSE Arca) AND Singapore Exchange (SGX) AND Tokyo Stock Exchange (TSE) AND Hong Kong Stock Exchange (HKEx)

SPDR® Gold Shares

1289.830

41,469,338

US$57,820m

London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra)

Gold Bullion Securities

121.96

3,921,154

US$5,484m

London Stock Exchange (LSE) AND NYSE Euronext Paris AND Borsa Italiana AND Frankfurter Wertpapierbörse (Deutsche Börse - Xetra) AND NYSE Euronext Amsterdam

ETFS Physical Gold

132.27

4,252,698

US$5,946m

Australian Stock Exchange (ASX)

Gold Bullion Securities

14.21

475,070

US$641m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

51.00

1,639,661

US$2,294m

NASDAQ Dubai

Dubai Gold Securities

0.154

4,964

US$7m

 Note: No change in Total Tonnes from yesterday’s data.

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 108.42: +0.47 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,891.18 -50.16 change from yesterday’s data.

 

The Miners:

 

Kinross Gold’s (KGC) notice for certain former common shareholders of Red Back Mining Inc., Allied Nevada’s (ANV) drill results, Silvercorp’s (SVM) closed financing, United Mining’s (UMG.TO) completed purchase agreement, and Endeavour’s (EXK) drill results were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Solitario

XPL +11.45% $2.53

2.  Claude

CGR +6.33% $1.68

3.  Golden Star

GSS +4.13% $4.54

 

LOSERS

1.  Mines MGMT

MGN -7.91% $3.26

2.  Vista Gold

VGZ -7.33% $2.53

3.  Minefinders

MFN-6.81% $10.81

Winners & Losers tracks NYSE and AMEX listed gold and silver mining stocks that trade over $1.

       

All of today's gold and silver stock news:

Wolverine Announces Acquisition of Option to Acquire 21 Yukon Gold Properties, Closing of Private Placement and Filing of Technical Reports - More
- December 14, 2010 | Item | ShareThis


Cartier Resources Inc. Announces Closing of a $2,992,540 Financing - More
- December 14, 2010 | Item | ShareThis


REBgold Issues Options - More
- December 14, 2010 | Item | ShareThis


Kinross Gold Corporation: Notice to Former Shareholders of Red Back Mining Inc. - "Kinross Gold Corporation (TSX:K - News)(NYSE:KGC - News) would like to provide a reminder of the approaching deadline for certain former common shareholders of Red Back Mining Inc. to make a joint tax election to obtain a deferral on capital or income gains that would otherwise be realized from the exchange of shares resulting from the acquisition by Kinross of the shares of Red Back effective September 17, 2010." More
- December 14, 2010 | Item | ShareThis


International PBX Ventures Ltd.: Airborne ZTEM Survey Over Copaquire & Huatacondo - More
- December 14, 2010 | Item | ShareThis


Sidon's Handeni Optionor Gets Granted Master License for Handeni Property North of Canaco Magambzi Property - More
- December 14, 2010 | Item | ShareThis


Wallbridge Mining to Bulk Sample Broken Hammer Platinum Group Resource with Technica Group Inc. - More
- December 14, 2010 | Item | ShareThis


Mountain Boy Minerals Ltd.: Further Assays from the Montrose Zone on the Red Cliff Project Include 5.68 g/t Gold over 7.01 Metres - More
- December 14, 2010 | Item | ShareThis


Decade Resources Ltd.: Further Assays from the Montrose Zone on the Red Cliff Project Include 5.68 g/t Gold Over 7.01 Metres - More
- December 14, 2010 | Item | ShareThis


Pacific Bay's Ax Silver Property Results Show Promise - More
- December 14, 2010 | Item | ShareThis


Gold Finder Completes Phase 2 Drill Program - More
- December 14, 2010 | Item | ShareThis


Bison Gold Resources Inc. Announces a Change to Its Board of Directors and a $400,000 Convertible Debenture Financing - More
- December 14, 2010 | Item | ShareThis


Geo Minerals Defines Gold-In-Soil Anomalies at West Blackwater - More
- December 14, 2010 | Item | ShareThis


Commander Reports New Targets Identified at Orion Gold Deposit - More
- December 14, 2010 | Item | ShareThis


Vulcan Minerals Inc.-Closes Private Placement - More
- December 14, 2010 | Item | ShareThis


Uranium Energy Corp Receives Mine Permit and Production Area Authorization for the Goliad ISR Project in South Texas - More
- December 14, 2010 | Item | ShareThis


Stronghold Announces Closing of $3,960,000 Private Placement - More
- December 14, 2010 | Item | ShareThis


Taipan Resources Inc.: Appointment of a New Director - More
- December 14, 2010 | Item | ShareThis


Uragold Bay Closes a Second Non Broker Private Placement - More
- December 14, 2010 | Item | ShareThis


Silvercorp Metals Inc. Closes US$116.8 Million Financing - "Silvercorp Metals Inc. (TSX:SVM - News)(NYSE:SVM - News) ("Silvercorp" or the "Corporation") is pleased to announce that it has closed its previously announced bought deal financing (the "Offering") through a syndicate of underwriters led by CIBC and BMO Capital Markets and including Raymond James Ltd., UBS Securities Canada Inc. and Salman Partners Inc. (the "Underwriters") Pursuant to the Offering, the Corporation issued 9,200,000 common shares at a price of US$12.70 per common share, for aggregate gross proceeds of US$116,840,000 million and total proceeds, net of underwriting fees, of US$110,998,000, including the exercise in full of the Underwriters' over-allotment option." More
- December 14, 2010 | Item | ShareThis


NWM Announces Lluvia de Oro Mine Management - More
- December 14, 2010 | Item | ShareThis


UEX Added to S&P/TSX Global Mining Index - More
- December 14, 2010 | Item | ShareThis


JNR/Altius Discover Additional Mineralization at the Sheffield Lake South Copper Prospect, Topsails Project, Newfoundland - More
- December 14, 2010 | Item | ShareThis


Blackstone Signs Letter of Intent on its Norbotten Project and Announces Private Placement - More
- December 14, 2010 | Item | ShareThis


Mandalay Resources Corporation Closes Non-Brokered Private Placement for Gross Proceeds of C$3.2 Million - More
- December 14, 2010 | Item | ShareThis


TEMEX REPORTS DEEPEST DRILL HOLE TO DATE SIGNIFICANTLY EXPANDS JUBY MAIN ZONE GOLD DEPOSIT JU10-105 INTERSECTS 108 METRES GRADING 1.26 g/t GOLD - More
- December 14, 2010 | Item | ShareThis


Fire River Gold Adds Key Management To Nixon Fork Gold Mine - More
- December 14, 2010 | Item | ShareThis


First Gold Exploration Inc./Indicated Resources at the Rose Deposit: 11,436,000 Tonnes, 1.34% Li2O, 165 ppm Ta2O5, 2,668 ppm Rb, 377 ppm BeO and 71 ppm Ga - More
- December 14, 2010 | Item | ShareThis


Nortec Minerals Provides Corporate Update - More
- December 14, 2010 | Item | ShareThis


First Liberty Power Corp. Corporate Update - More
- December 14, 2010 | Item | ShareThis


Big Red Diamond Acquires Kipawa Rare Earth Propertry - More
- December 14, 2010 | Item | ShareThis


Bannerman Successfully Finalises A$15 Million Financing - More
- December 14, 2010 | Item | ShareThis


Tasmanian Assets to be Spun Off and Listed as TNT Mines Limited - More
- December 14, 2010 | Item | ShareThis


Sandstorm Partner Luna Gold Drills 32 Metres of 3.2 g/t Gold at Aurizona Mine - More
- December 14, 2010 | Item | ShareThis


Crazy Horse Drills 487.3 Meters of 0.40% Copper, 0.15gpt Gold and 1.45gpt Silver - More
- December 14, 2010 | Item | ShareThis


Luna Gold Drills 32.00 M @ 3.20 G/T Au and 15.00 M of 2.66 G/T Au Including 4.00 M of 7.49 G/T Au at Aurizona - More
- December 14, 2010 | Item | ShareThis


Harte Gold Corp.: Drilling Expands Wolf Zone Gold Discovery to 600 Metre Strike Length - More
- December 14, 2010 | Item | ShareThis


Threegold Closes $1.75M in Financings - More
- December 14, 2010 | Item | ShareThis


Ardent Mines Announces Agreement for Gold Exploration and Exploitation in Tanzania - More
- December 14, 2010 | Item | ShareThis


Orvana Minerals Corp.: Additional Resources of Over 1 Billion Pounds of Indicated and 1 Billion Pounds of Inferred Copper From Deposits Near Copperwood - More
- December 14, 2010 | Item | ShareThis


Fortress Minerals Corp.: Corporate Update - More
- December 14, 2010 | Item | ShareThis


RX Exploration Inc. Reports Gold and Silver Intercepts from Empire Vein Diamond Drilling at Drumlummon Mine, Montana - More
- December 14, 2010 | Item | ShareThis


Anglo Swiss Strikes Multiple High Grade Gold Intersects During Recent Drilling to the South of the Kenville Gold Mine - More
- December 14, 2010 | Item | ShareThis


Extorre Reports High Grade Gold-Silver Drill Intercepts From the Cerro Moro Project - More
- December 14, 2010 | Item | ShareThis


Corvus Gold Provides Update on Exploration Projects and Announces Aggressive Exploration Programs for 2011 - More
- December 14, 2010 | Item | ShareThis


Arianne Resources Closes Private Placements for $2,134,000 - More
- December 14, 2010 | Item | ShareThis


Platinum Group Metals Added to S&P/TSX Global Mining Index - More
- December 14, 2010 | Item | ShareThis


Montoro Receives Exchange Approval on Tacheeda Lake and Other Rare Earth Prospect Acquisitions - More
- December 14, 2010 | Item | ShareThis


Capella Resources Announces Closing of Non-Brokered Private Placement - More
- December 14, 2010 | Item | ShareThis


Cadillac Commences Gold Reverse Circulation Drill Program on San Miguel Gossan - More
- December 14, 2010 | Item | ShareThis


First Lithium Announces Flow-Through Financing - More
- December 14, 2010 | Item | ShareThis


MetalCORP Announces the Hiring of New Manager of Exploration - More
- December 14, 2010 | Item | ShareThis


Caza Gold Acquires Option to Purchase 100% Interest in Large High Sulfidation Gold Property in Nicaragua; Caza Lists on the Frankfurt Stock Exchange - More
- December 14, 2010 | Item | ShareThis


Silver Dragon Issues Advisory to Shareholders - More
- December 14, 2010 | Item | ShareThis


PolyMet Announces Delay in Filing Interim Financial Statements - More
- December 14, 2010 | Item | ShareThis


Teuton's Treaty Creek Property Is 800 Metres Northeast of Seabridge Gold's New Iron Cap Gold-Copper Deposit - More
- December 14, 2010 | Item | ShareThis


Glen Eagle Intersects an Average of 1.14 Li2O Over 19 Meters in Five Drill Holes - More
- December 14, 2010 | Item | ShareThis


BE Resources Completes Third of Five Drillholes on Warm Springs Beryllium Project - More
- December 14, 2010 | Item | ShareThis


Vantex Intersects 1.04 g/t Au Over 45 Metres on the Hendrick Zone of the Galloway Project - More
- December 14, 2010 | Item | ShareThis


Richfield Extends Blackwater Southward with BW 97 - More
- December 14, 2010 | Item | ShareThis


AIDEA Renews Reimbursement Agreement for Zazu's Lik Deposit - More
- December 14, 2010 | Item | ShareThis


Intrepid Mines Limited: Tujuh Bukit, Indonesia-Oxide Project Update - More
- December 14, 2010 | Item | ShareThis


Rockhaven Resources Ltd. Intersects 7.20 g/t Gold and 260.0 g/t Silver Over 15.30 Metres and 32.52 g/t Gold Over 3.36 Metres in Two Separate Zones at Klaza - More
- December 14, 2010 | Item | ShareThis


Oremex Resources Receives Early Exercise of Warrants - More
- December 14, 2010 | Item | ShareThis


B2Gold Corp. Reports on Exploration Drill Results from La Libertad Mine Property, Nicaragua and the Commencement of Drilling on the Cebollati Project - More
- December 14, 2010 | Item | ShareThis


Uracan Continues to Discover Significant Uranium Mineralization in Drilling on Costebelle Claims - More
- December 14, 2010 | Item | ShareThis


Metanor Resource Provides an Update on Its Activities at the Bachelor Lake Gold Project - More
- December 14, 2010 | Item | ShareThis


Franconia Files Technical Report Supporting New NI 43-101 Resource Estimate at Birch Lake Copper-Nickel-PGM Deposit - More
- December 14, 2010 | Item | ShareThis


Pacific Rim Mining Announces Fiscal 2011 Second Quarter Results - More
- December 14, 2010 | Item | ShareThis


Redstar Acquires New Gold Project in Nevada - More
- December 14, 2010 | Item | ShareThis


Kivalliq Receives Final Assays From Lac Cinquante 2010 Drill Program; High Grade Mineralization Extended Eastward Along Trend - More
- December 14, 2010 | Item | ShareThis


Estrella Starts Drilling at Colpayoc and Announces New Mineralization at Cerro Rico, Yanacocha Gold District, Peru - More
- December 14, 2010 | Item | ShareThis


Yorbeau Reports Excellent Results From Compilation and Re-Interpretation of Recent and Historical Drill Data - More
- December 14, 2010 | Item | ShareThis


DRILLING CONTINUES TO INTERSECT DEEP HIGHER GRADE COPPER-GOLD-MOLYBDENUM MINERALIZTION AT SCHAFT CREEK - ENVIRONMENTAL ASSESSMENT PROCESS REACHES MILESTONE - More
- December 14, 2010 | Item | ShareThis


Lydian Completes 2010 Drill Program at Amulsar; Resource Shell Successfully Extended and Remains Open in All Directions - More
- December 14, 2010 | Item | ShareThis


Sulliden Continues Exploration Success, Further Expands the Shahuindo Gold Project - More
- December 14, 2010 | Item | ShareThis


Ateba Signs Agreement for the Optioning of 28 Claims, 249 Units Located in McVittie, Katrine, and Ossian Townships, Larder Lake, Ontario - More
- December 14, 2010 | Item | ShareThis


Paladin Energy: Takeover Bid for NGM Resources Limited-Allotment of Shares - More
- December 14, 2010 | Item | ShareThis


Northland Moves Forward on the Kaunisvaara Project and the Hannukainen DFS - More
- December 14, 2010 | Item | ShareThis


Royal Mines Concentration Plant Update - More
- December 14, 2010 | Item | ShareThis


Largo Reports Robust Economics from Preliminary Economic Assessment ("PEA") for Currias Novos Tungsten Project (Brazil) - More
- December 14, 2010 | Item | ShareThis


Willow Creek Increases Dolly Varden, Nevada, Mineral Claims by Forty Percent - More
- December 14, 2010 | Item | ShareThis


Molycor Gold Corp.: Beaverdell Silver Property Returns Silver Grades Up to 61.98 Ounces Per Tonne in New Zone - More
- December 14, 2010 | Item | ShareThis


Barkerville Gold Mines Ltd.: Application to Commence Production at Bonanza Ledge Accepted for Review - More
- December 14, 2010 | Item | ShareThis


BonTerra to Acquire Gold Property East of Current Drilling - More
- December 14, 2010 | Item | ShareThis


PUBLIC CONSULTATION CONCLUDED FOR GREEK EIS - More
- December 14, 2010 | Item | ShareThis


World`s 100 top gold stock longs - "With no disrespect meant to Greece, and other interesting countries, dollar gold bullion has in the past few hours moved to levels not seen since early December 2009, when the metal would go on to trade at record nominal levels. Investors in listed gold stocks, of which roughly 500 can be counted up around the world, have been nosing this story pretty keenly." More
- December 14, 2010 | Item | ShareThis


United Mining Group (UMG) Completes Purchase Agreement on Contiguous Exploration Lands for its Crescent Silver Mine in Idaho - "United Mining Group, Inc. (TSX:UMG - News)(Pinksheets:UMGZF - News)(Frankfurt:UM8 - News) (the "Company") is pleased to announce that it has completed its claims purchase agreement that increases its contiguous exploration land holdings by approximately 265%, from approximately 143 hectares (353 acres) to a new total of 379 hectares (973 acres) at the Company's Crescent Mine project in Idaho's prolific Silver Belt. UMG's land holdings are bounded on the east by the Sunshine Mine property and to the west by the Bunker Hill deposit. The land agreement and terms were originally announced on October 12, 2010." More
- December 14, 2010 | Item | ShareThis


Endeavour Silver Drilling Continues to Extend High Grade Gold-Silver Mineralization in Lucero and Karina Veins at Guanajuato Mine, Mexico - "Endeavour Silver Corp. (TSX:EDR - News)(AMEX:EXK - News)(DBFrankfurt: EJD) announces that exploration drilling south of the Bolanitos mine, part of Endeavour's Guanajuato Mines project in Guanajuato State, Mexico, continues to extend high grade gold-silver mineralization within the Lucero, Karina and related veins." More
- December 14, 2010 | Item | ShareThis


Allied Nevada: Drilling at Hasbrouck Returns 75 Meters Grading 1.53 g/t Gold Equivalent(1) - "Allied Nevada Gold Corp. ("Allied Nevada" or the "Company") (TSX:ANV - News)(AMEX:ANV - News) is pleased to provide the results of recent drilling at it's wholly owned Hasbrouck Mountain property, located 5 miles south of Tonopah, Nevada. Highlights from this drilling include 75 meters grading 1.53 g/t AuEq (1.05 g/t Au(2) and 27.4 g/t Ag), 50 meters grading 2.2 g/t AuEq (2.03 g/t Au and 9.7 g/t Ag) and 55 meters grading 1.03 g/t AuEq (0.69 g/t Au and 19.7 g/t Ag)." More
- December 14, 2010 | Item | ShareThis

- Chris Mullen, Gold Seeker Report

 

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© Gold Seeker 2010

Note: This article may be reproduced provided the article, in full, is used and mention to Gold-Seeker.com is given.

 

 

Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions.  The author of this report is not a registered financial advisor.  Readers should not view this material as offering investment related advice. Gold-Seeker.com has taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond Gold-Seeker.com’s control, no representation or guarantee is made that it is complete or accurate.  The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action.  Past results are not necessarily indicative of future results.  Any statements non-factual in nature constitute only current opinions, which are subject to change.  Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein.  Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.


-- Posted 14 December, 2010 | |


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