Boom and Bust

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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Goldstar40

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Boom and Bust

posted on May 02, 2012 09:08PM

The TSX Venture is Trading at the Same Level it Did Nearly 9 Years Ago

In October of 2003, the TSX Venture Exchange traded at the same level it does today.

What's important to note about October 2003 is that gold traded for roughly $380 an ounce - it trades 425% higher today. In October of 2003, silver traded for about $5 an ounce - it trades 600% higher today. In October of 2003, a barrel of oil traded for $30 - it trades 320% higher today. In October 2003, Comex copper traded for $0.92 - it currently trades 415% higher.”

“Fear has taken over the TSX Venture and the last time that happened, the greatest buying opportunity of our lifetime knocked on the door.”

If you too have been scratching your head wondering how the TSX Venture exchange could be at 9 year lows at a time when metal prices are still near their highs and mining companies are reporting record profits this article is likely of interest might interest you.

http://www.pinnacledigest.com/blog/aaron-hoddinott/tsx-venture-exchangebuy-or-sell