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Gold Seeker Closing Report: Gold and Silver Fall Almost 1.5%

By: Chris Mullen, Gold-Seeker.com


-- Posted 3 March, 2011 | | Source: SilverSeek.com

 

Close

Gain/Loss

Gold

$1415.90

-$20.40

Silver

$34.31

-$0.51

XAU

215.06

-1.03%

HUI

569.26

-1.11%

GDM

1666.21

-1.39%

JSE Gold

2767.79

+9.41

USD

76.48

-0.17

Euro

139.59

+0.97

Yen

121.39

-0.77

Oil

$101.91

-$0.32

10-Year

3.572%

+0.108

T-Bond

119.96875

-1.09375

Dow

12258.50

+1.59%

Nasdaq

2798.74

+1.84%

S&P

1330.97

+1.72%

 
 

 

The Metals:

 

Gold fell as much as $24.32 to $1411.98 by early afternoon in New York before it bounced back higher in afternoon trade, but it still ended with a loss of 1.42%.  Silver fell to as low as $34.05 before it also rallied back higher in the last hour or so of trade, but it still ended with a loss of 1.46%.

 

Euro gold fell to under €1016, platinum lost $29.75 to $1823.25, and copper remained at about $4.48.

 

Gold and silver equities fell over 2% by early afternoon before they rallied back higher in the last few hours of trade, but they still ended with over 1% losses.

 

The Economy:

 

Report

For

Reading

Expected

Previous

Productivity

Q4

2.6%

2.3%

2.6%

Unit Labor Costs

Q4

-0.6%

-0.4%

-0.6%

Initial Claims

2/26

368K

400K

388K

ISM Services

Feb

59.7

59.0

59.4

 

Tomorrow at 8:30AM EST brings February’s jobs data.  Nonfarm Payrolls are expected at 185,000, the Unemployment Rate is expected at 9.1%, the Average Workweek is expected at 34.4, and Hourly Earnings are expected at 0.2%.  At 10AM is the Factory Orders report for January expected at 2.1%.

 

The Markets:

 

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

 

Oil fell slightly on reports over a peace agreement in Libya.

 

The U.S. dollar index fell as the euro rose on hawkish comments from the European Central Bank that hinted towards a rate increase in the relatively near future.

 

Treasuries fell as the Dow, Nasdaq, and S&P jumped higher on better than expected economic data and hopes for a strong jobs report tomorrow.

 

Among the big names making news in the market today were MetLife, Family Dollar, and FedEx.

 

The Commentary:

 

Some of you might remember the Yen Carry Trade which fell completely apart back in mid 2008 when the credit crisis erupted. I might add that it also slaughtered many a hedge fund when it did.

Well - guess what? It's back again. You can see it in play by looking at the Euro-Yen cross. This cross is performing very well today especially given the fact of Trichet's hawkish stance on inflation contrasted with the generally held dovish view of the overall Japanese economy.

The Yen is not nearly as weak as it was back during that time frame as it has been the beneficiary of a large amount of safe haven flows as well as being somewhat regarded as a type of proxy for the Asian region as a whole with players buying it because of Japan's position in the Asian economy which is the region leading the globe in growth right now. But interest rates are still very low in Japan and anytime you get a situation where Central Banks are talking tough on inflation in one place and sound dovish in another, and there is an opportunity to borrow a lot of money very cheaply, the potential for a carry trade exists.

 

This has been a volatile trade dropping sharply lower when sovereign debt woes surrounding some of the EuroZone nations were in the forefront of traders' minds and rising sharply when they were not. There has also been an element associated with the crude oil rise that has added to the volatile mix.

All in all however, this old cross still is a decent indicator of gauging appetite for risk trades. At one time in the past prior to 2009 one could just about gauge what the price of gold had been doing or was going to do based on the performance of this cross. Both tended to move in unison in the same direction. Gold was then part of the risk trade and when the EuroYen cross was rising, so too was the metal. The opposite held true when the cross was falling; so too did the gold price.

It seems as if this cross is still impacting the price of gold although the relationship has now completely reversed. The cross rises and gold drops lower; the cross falls and gold rises. The relationship is not exact but there is a bit of linkage between the two right now.

What this is telling us is that when the cross moves lower and risk trades are out of favor, gold is moving higher on the safe haven or risk aversion play. When the cross is moving higher and risk is back on the table; gold is moving lower as the safe haven trade fades somewhat.

I think the connection is close enough for the immediate time being to keep monitoring the cross. I want to repeat - it is not nearly as direct as it was back then. It is interesting to note however the ever changing perceptions and psychology of the market and how greatly that has changed from 2-3 years ago when this cross was the be-all and end-all of money flows.

By the way, this is not the only carry trade in operation - the Dollar is also on the receiving end of the carry trades due to its ultra low interest rate environment and widely held view that the Fed is on hold for any interest rate hike in the immediate future.- Dan Norcini, More at http://www.traderdannorcini.blogspot.com/

 

Thoughts For The Day

 

Cycles are analyzed by comparing their message to what the market is doing. Cycles are not commands from on high dictating to the markets what they must do.

 

The answer is what is happening now in the market versus what the cycles call for. The cycle calling for gold to decline into June of 2011 was cancelled by the market’s action of blowing through $1372 and never looking back.

 

The importance of this analytical approach is that it says without any doubt that the gold price is stronger than any accepted commentator believes.

 

The normal suspects will throw their blocks, but I assure you at only a waste of good money.  The price we have spoken about for a long period $1650 will be low.

 

I know you wonder what is going on in Jim’s world from time to time. One thing for sure is that it is never boring. I am the host in my playpen to two Titans punching it out without any reference to the asset.

 

All that is going on is huge amounts of noise and fury that lack any meaning whatsoever.”- Jim Sinclair, JSMineset.com

 

GATA Posts: 

Yikes! NYTimes (online) columnist finds silver price rigging plausible

Gene Arensberg: Fiat money confidence meters

Zero Hedge: A deep walkthru for silver manipulation, redux

Utah gold and silver money legislation advanced by committee

Despite rising gold price, Barrick won't hedge anymore, CEO says

Paul jousts with Bernanke but presses no gold questions

 

The Statistics:

Activity from: 3/02/2011

Gold Warehouse Stocks:

11,146,957

-

Silver Warehouse Stocks:

103,517,519

-

 

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

1210.961

38,933,618

US$55,325m

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

Gold Bullion Securities

116.51

3,746,032

US$5,329m

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

ETFS Physical Gold

122.56

3,940,260

US$5,609m

Australian Stock Exchange (ASX)

Gold Bullion Securities

14.21

474,660

US$646m

Johannesburg Securities Exchange (JSE)

New Gold Debentures

49.50

1,591,530

US$2,232m

NASDAQ Dubai

Dubai Gold Securities

0.154

4,960

US$7m

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

 

COMEX Gold Trust (IAU) Total Tonnes in Trust: 118.51 -0.02 change from yesterday’s data.

 

Silver Trust (SLV) Total Tonnes in Trust: 10,764.52: +70.84 change from yesterday’s data.

 

The Miners:

 

Claude’s (CGR) new Chairman of the Board, Timberline’s (TLR) closed offering, Metalline’s (MMG) new CEO, ECU Silver’s (ECU.TO) corporate update, Kimber’s (KBX) drill results, Ivanhoe’s (IVN) planned silver production, and Mines Management’s (MGN) priced offering were among the big stories in the gold and silver mining industry making headlines today.

 

WINNERS

1.  Coeur

CDE+4.29% $34.50

2.  Minco Gold

MGH +3.98% $2.35

3.  Kimber

KBX +2.65% $1.55

 

LOSERS

1.  Mines MGMT

MGN-10.06% $3.22

2.  Solitario

XPL -8.78% $3.95

3.  Claude

CGR -4.88% $2.73

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:

IGC Resources Inc.: Sale of Shares - More
- March 03, 2011 | Item | ShareThis


Evolving Gold Announces Completion of Dividend-in-Kind of Prosperity Goldfields - More
- March 03, 2011 | Item | ShareThis


Claude Resources Inc. Appoints Ted Nieman as Chairman of the Board - "Claude Resources Inc. (TSX:CRJ.to - News) (NYSE:CGR - News) ("Claude") is pleased to announce that Ted Nieman has been appointed as Chairman of its Board of Directors. Mr. Nieman will replace Josef Spross whom retired effective March 1, 2011. Mr. Nieman has served on the Claude Board since January 2007." More
- March 03, 2011 | Item | ShareThis


Sienna Gold Inc Announces That 100% of Warrants Expiring on February 28, 2011 Have Been Exercised - More
- March 03, 2011 | Item | ShareThis


Parlane Resource Corp.: Drilling at the Mercedes Property Intersected 57m Averaging 1.15 g/t Gold and 13.5 g/t Silver - More
- March 03, 2011 | Item | ShareThis


Metalline Appoints Chief Executive Officer - "Metalline Mining Company (TSX:MMZ.to - News) ("Metalline") is pleased to announce the appointment of Tim Barry as Chief Executive Officer, President and Director. Mr. Barry previously held the position of Vice President of Exploration at Metalline. Mr. Hahn served as Metalline's interim Chief Executive Officer and President since July 2010. Metalline would like to thank Greg Hahn for serving as interim Chief Executive Officer and President." More
- March 03, 2011 | Item | ShareThis


Orex Minerals Inc.: Indicated Mineral Resources of 382,000 Gold Ounces and Inferred Mineral Resources of 648,000 Gold Ounces at the Barsele Gold Project - More
- March 03, 2011 | Item | ShareThis


Callinan Mines Publishes 2nd Quarter Financial Results - More
- March 03, 2011 | Item | ShareThis


TintinaGold Appoints New President and CEO - More
- March 03, 2011 | Item | ShareThis


Franconia Minerals Shareholders Approve Arrangement With Duluth Metals - More
- March 03, 2011 | Item | ShareThis


Amarillo Gold Drills 17 Metres of 3.17 G/T Au in 2nd Round of Results From Infill Drill Program at Mara Rosa Project, Brazil - More
- March 03, 2011 | Item | ShareThis


Dianor Reviews the Iron Ore Potential of its Leadbetter Property, Wawa, Ontario - More
- March 03, 2011 | Item | ShareThis


AuRo Closes $2.5 Million Private Placement - More
- March 03, 2011 | Item | ShareThis


Unigold Inc.: Drilling at the Candelones Extension Returns 2.0 g/t Over a 15 Metre True Width - More
- March 03, 2011 | Item | ShareThis


Commerce Resources' Ashram Rare Earth Element Deposit Confirmed as a Large Inferred Resource, Eldor Project, Quebec - More
- March 03, 2011 | Item | ShareThis


Gulfside Minerals Ltd. Adds to Northern Treasure Claims - More
- March 03, 2011 | Item | ShareThis


Carpathian Provides 2011 Project Updates and Announces Expanded Work Program in Romania - More
- March 03, 2011 | Item | ShareThis


Puget Ventures/IMHL/Global Cobalt Transaction Update - More
- March 03, 2011 | Item | ShareThis


New Guinea Gold Advises That Gold Production and Gold Purity Continued to Improve During the First Two Months of 2011 - More
- March 03, 2011 | Item | ShareThis


Sphere Resources Inc. Expands the "Ziggurat" Project to 6800 Acres, Round Mountain-Northumberland Gold Trend in Nevada and Right to Conduct Geophysical Work - More
- March 03, 2011 | Item | ShareThis


Golden Valley Mines Ltd.: New Appointment to Board of Directors - More
- March 03, 2011 | Item | ShareThis


Arianne Resources/Recent Results of the Zone Paul Drilling Campaign: The Deposit Is Bigger Than Expected - More
- March 03, 2011 | Item | ShareThis


Adventure Gold Intersects 5.4 g/t Au Over 20 Metres on Its Pascalis Colombiere Property in Val-d'Or East Area - More
- March 03, 2011 | Item | ShareThis


Ateba Drills 6.72 g/t Gold Across 4.8 Metres - More
- March 03, 2011 | Item | ShareThis


Solid Gold Resources Corp.: Gold at Lake Abitibi - More
- March 03, 2011 | Item | ShareThis


Forsys Announces Settlement Agreement With GFI and George Forrest - More
- March 03, 2011 | Item | ShareThis


Berkwood Resources Ltd. Indonesian Subsidiary, Signs Option for Gold Property in Java, Indonesia - More
- March 03, 2011 | Item | ShareThis


Ethos Acquires Two Additional Properties in the Emerging White Gold District Dawson Range, Yukon Territory - More
- March 03, 2011 | Item | ShareThis


Denarii Resources Inc. Options Gold and Nickel Prospects, Thunder Bay, Ontario, Canada - More
- March 03, 2011 | Item | ShareThis


Oromin Explorations Ltd.: Initial 2011 Drilling Results Continue Providing Positive Grade and Thickness Intervals at the OJVG Gold Project - More
- March 03, 2011 | Item | ShareThis


UK Based Wardell-Armstrong Engaged for Spectral's Massive 703 Sq. Km Kazakh Gold Mine - More
- March 03, 2011 | Item | ShareThis


Reliant Gold Completes VTEM Airborne Survey at its Borden Lake South Gold Property - More
- March 03, 2011 | Item | ShareThis


Merrex Gold 10,000 Metre Diamond Drill Program for Siribaya Gold Project - More
- March 03, 2011 | Item | ShareThis


Frontline Announces $500,000 Exploration Program at Efemcukuru - More
- March 03, 2011 | Item | ShareThis


Dorato Receives Confirmation of Disseminated Gold-Copper Mineralization at Lucero: - More
- March 03, 2011 | Item | ShareThis


Ardent Mines Agrees to General Terms for Acquisition of an Operating Silver Mine in Peru's 'Silver Corridor' - More
- March 03, 2011 | Item | ShareThis


Baie Payne Project: Virginia Acquires Osisko Mining Corporation's Interest - More
- March 03, 2011 | Item | ShareThis


Aben Appoints New Members to its Board of Directors - More
- March 03, 2011 | Item | ShareThis


Pan American Goldfields Ltd Announces Acquisition of the Cerro Delta Gold Project in the Maricunga Gold Belt - More
- March 03, 2011 | Item | ShareThis


Metals Creek Announces Final Results from its Ogden Township 2010 Drilling Program, Including 1.1 g/t Gold Over 14.8 Meters from the Thomas Ogden Zone - More
- March 03, 2011 | Item | ShareThis


Cue Resources Ltd. Starts Drilling at New Uranium Zone, San Miguel, Yuty Uranium Project - More
- March 03, 2011 | Item | ShareThis


Athabasca Uranium Joins the U.S. Otcqx - More
- March 03, 2011 | Item | ShareThis


AmeriLithium Receives Further Draw Down on $10 Million Finance Agreement & Continues Company Development - More
- March 03, 2011 | Item | ShareThis


Atna Reports Updated Gold Reserves at Briggs and Reward Mines - More
- March 03, 2011 | Item | ShareThis


Tosca Appoints New Chairman & CEO - More
- March 03, 2011 | Item | ShareThis


Asia Now Adds 7 Drill Rigs for a Total of 18 Drilling the High-Grade Gold/Silver and Base Metal Zone at Beiya North - More
- March 03, 2011 | Item | ShareThis


South American Gold Signs Definitive Agreement to Acquire Kata Enterprises - More
- March 03, 2011 | Item | ShareThis


Alix Signs Drill Contract for 2011 Work at the Golden Zone Property, Alaska; Plans for a 2500-Meter Drill Program - More
- March 03, 2011 | Item | ShareThis


Integra Gold Corp: New Gold Discovery at Lamaque Project, Val d'Or Quebec - More
- March 03, 2011 | Item | ShareThis


Drilling to Resume on Platinex's Shining Tree Gold Property - More
- March 03, 2011 | Item | ShareThis


Aguila Negotiates More Favourable Terms for Angostura Gold Project - More
- March 03, 2011 | Item | ShareThis


Intrepid Mines: Tujuh Bukit Latest Drill Results - More
- March 03, 2011 | Item | ShareThis


Premium Exploration Defines 8 Km Gold-In-Soil Trend at Idaho Gold Project - More
- March 03, 2011 | Item | ShareThis


Huakan Drills 7.46 metres Grading 3.80 g/t Au, 37.90 g/t Ag, 1.51% Pb and 2.67% Zn at J&L - More
- March 03, 2011 | Item | ShareThis


Strategic Mining Announces Arrival of Diamond Core Drill Rig to Vietnam - More
- March 03, 2011 | Item | ShareThis


Peregrine Metals Ltd.: Newly Discovered Near Surface Copper Mineralization at Altar Extends Deposit 300 Metres Southeast - More
- March 03, 2011 | Item | ShareThis


Zincore Drilling Confirms Mineralized Copper-Molybdenum Porphyry System at Dolores - More
- March 03, 2011 | Item | ShareThis


NioGold Commences Exploration Drilling in New Sector at Malartic - More
- March 03, 2011 | Item | ShareThis


Riva Commences Extensive Exploration Program at its Nine Mile and Honey Camp Properties - More
- March 03, 2011 | Item | ShareThis


Creston Intersects 165 Metres Averaging 0.075% Molybdenum, 0.14% Copper and 1.79 gpt Silver - More
- March 03, 2011 | Item | ShareThis


Energizer Resources Provides Business Update on Its Green Giant Vanadium Project, Madagascar - More
- March 03, 2011 | Item | ShareThis


Mapping Project by British Columbia Geological Survey Identifies "Unprecedented Opportunities" in New Zones and Offers Insights in Romios' Dirk/Newmont Lake - More
- March 03, 2011 | Item | ShareThis


Evrim Appoints Mr. Jeff Chambers as Chief Geoscientist - More
- March 03, 2011 | Item | ShareThis


Condor Resources Inc.: Drilling to Commence on the Pucamayo West Gold-Silver Target - More
- March 03, 2011 | Item | ShareThis


Probe Mines Acquires Additional Property on Its Borden Lake Project Near Chapleau, Ontario and Provides Drilling Update - More
- March 03, 2011 | Item | ShareThis


Miranda Stakes Claims in East Roberts Mountains - More
- March 03, 2011 | Item | ShareThis


San Marco Resources Receives Geophysical Results at La Buena Project, Zacatecas, Mexico - More
- March 03, 2011 | Item | ShareThis


Mineral Mountain Drills 3.17 g/t Over 15.0m Including 9.29 g/t Au Over 4.05m Shining Tree Gold District, Ontario - More
- March 03, 2011 | Item | ShareThis


Continental Gold Announces Continuous High-Grade Gold in Systematic Sampling of the Yaragua System at the Buritica Project, Colombia - More
- March 03, 2011 | Item | ShareThis


Salazar Expands El Domo Resources With 16.08 m of 3.27 g/t Gold, 74.88 g/t Silver and 3.60% Zinc - More
- March 03, 2011 | Item | ShareThis


Aquila Resources Inc.: Intercept Hits 12 Meters of 15.26 Grams Per Tonne Gold at Back Forty; Exploration Alliance Acquires New Properties - More
- March 03, 2011 | Item | ShareThis


Mustang Drills New Surface Zone of Copper Nickel Mineralization at the Mayville Project in Southeast Manitoba - More
- March 03, 2011 | Item | ShareThis


Spartan Gold Ltd. Announces Expansion of Ziggurat Gold Concession to 6,800 Acres in the Round Mountain-Northumberland Gold Trend Nevada - More
- March 03, 2011 | Item | ShareThis


St. Elias Mines Ltd. -- Corporate Presentation in Florida - More
- March 03, 2011 | Item | ShareThis


Brookemont Capital Inc.: Work Program at Handeni North Gold Prospect in Tanzania Begins to Generate Targets for Detailed Geochem and Geophysics Surveying - More
- March 03, 2011 | Item | ShareThis


African Queen Mines Expands Presence in Kenya: Signs Earn-in and JV Agreement for Ugunja Gold Project in Kenya%u2019s Lakeland District - More
- March 03, 2011 | Item | ShareThis


Minera IRL Announces Exploration Update, Escondido Project, Argentina - More
- March 03, 2011 | Item | ShareThis


ECU Silver Provides Corporate Update to Shareholders - 'Our exploration focus this year will be geared to achieve two very important goals: First will be to significantly increase mineral resources, and second will be to convert a material portion of "inferred" resources into "measured and indicated" resources. These goals will be realized by drilling into our high grade massive sulphide discovery, drilling additional known targets, and opening new exploration drifts underground." More
- March 03, 2011 | Item | ShareThis


NovaGold to Vigorously Defend Copper Canyon Lawsuit Provides Update on BCSC Hearing to Cease Trade Copper Canyon Shareholder Rights Plan - "On March 1, 2011, NovaGold Resources Inc. (TSX:NG - News)(AMEX:NG - News) ("NovaGold") was served with a Notice of Civil Claim filed by Copper Canyon Resources Ltd. ("Copper Canyon") in the British Columbia Supreme Court against NovaGold and NovaGold Canada Inc. ("NovaGold Canada"). The lawsuit filed by Copper Canyon alleges that Copper Canyon's right of first refusal with respect to the Copper Canyon property has been triggered as a result of arrangements between NovaGold and the Galore Creek Partnership, and seeks specific performance of the right of first refusal. NovaGold denies that this right has been triggered or that it is in breach of any obligations to Copper Canyon with respect to the Copper Canyon property. NovaGold intends to vigorously defend the action commenced by Copper Canyon." More
- March 03, 2011 | Item | ShareThis


Kimber Intercepts 8 Metres of 1.6 G/T Gold and 224 G/T Silver at Carmen Gold-Silver Deposit, Monterde - "Kimber Resources Inc. (NYSE Amex:KBX, TSX:KBR) is pleased to announce results from a further ten holes from its reverse circulation drilling program at the Carmen deposit at its Monterde Project in Mexico. The ten holes were drilled along the northern end of the main Carmen structure and along the main splay, within the limits of the existing resource of the Carmen deposit. No visible sulphides were noted in any of the drill holes. The holes were designed to intersect the Carmen structure and its main splay vertically between previously reported drill hole intercepts and surface trenches; these holes achieved their objective in each case." More
- March 03, 2011 | Item | ShareThis


Timberline Closes $5-Million Offering, Fast-Track Exploration to Continue at Lookout Mountain - "Timberline Resources Corporation (TSX-V:TBR - News)(AMEX:TLR - News) ("Timberline" or the "Company") announced today that it has closed its $5-million offering of common stock. Proceeds from the financing will be used to continue the Company's aggressive exploration program at its Lookout Mountain Gold Project on the prolific Battle Mountain-Eureka Trend of central Nevada." More
- March 03, 2011 | Item | ShareThis


Silver Production at Ivanhoe Mines' Oyu Tolgoi Project is Expected to Average More Than 3 Million Ounces Each Year in First 10 Years of Operation - "Robert Friedland, Executive Chairman and Chief Executive Officer of Ivanhoe Mines Ltd. (TSX:IVN - News)(NYSE:IVN - News)(NASDAQ:IVN - News), and John Macken, President, said today that the Oyu Tolgoi Mine in southern Mongolia is expected to produce an average of more than three million ounces of silver a year during its first 10 years of commercial production, beginning in 2013." More
- March 03, 2011 | Item | ShareThis


Mines Management, Inc. Prices $15 Million Public Offering - "Mines Management, Inc. (“Mines Management” or the “Company”) (NYSE Amex: MGN) (TSX:MGT.to - News) is pleased to announce that it has priced an underwritten public offering of 4,800,000 shares of common stock at a price to the public of $3.15 per share. Mines Management expects that the offering will yield net proceeds, before estimated offering expenses, of approximately $14.2 million and intends to use the net proceeds from this offering for (i) the advancement of the permitting process for its Montanore Project and the commencement of the Company’s planned delineation drilling program, which will include advancement of the adit, establishment of drilling stations and commencement of exploratory drilling, and (ii) for general corporate purposes, including possible acquisition and exploration of new mining properties." More
- March 03, 2011 | Item | ShareThis


- Chris Mullen, Gold Seeker Report

 

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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 3 March, 2011 | |


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