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HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: David Morgan

David Morgan

posted on Sep 17, 2008 09:43AM

Posts this story from the associated press which he sees as another catalyst for the uptick in gold and silver prices:

Treasury announces debt auctions for Fed

By MARTIN CRUTSINGER – 3 hours ago

WASHINGTON (AP) — The Treasury Department has announced that in an effort to help the Federal Reserve deal with unprecedented borrowing needs resulting from the current credit crisis, it will begin auctioning debt for the central bank.

Treasury officials said that the new program would be part of the normal auctions it conducts to finance the government's budget deficits, which have been soaring because of the current economic slump.

Treasury officials did not provide any immediate details on the amount of debt that it will sell for Treasury or how often such sales will occur.

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