TODAY'S DISCOVERY, TOMORROW'S FUTURE

Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.

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Portee44

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Me and Jim....

posted on Oct 08, 2009 03:53AM

Well here is what I think...

I think that KXL has the gold and everone is speculating they haven't..You can't drill 100 holes ..with visible gold in every hole and not have any gold...and with the price shooting up...they know when to release news..
I think that they are using the resourse estimate to hold off releasing anything as the price of gold rises..KXL management are not stupid and they knew that eventually the POG would move upward and the longer they could hold the news the better bang for the buck we could get..they ,as well as the rest of us have watched many explorer release news lately and nothing happens..even with great grades and depths...

So maybe we are better off with no news until the "Fever" hits full stride and we get the share price we deserve..it sure is not .50.....

And here is what Jim thinks..

Portee

Gold at all time high; will only go higher says Jim Rogers

Published on Thu, Oct 08, 2009 at 09:58 , Updated at Thu, Oct 08, 2009 at 13:16
Source : CNBC-TV18

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Gold prices have been surging for the past three days and it is trading at a record high of USD 1051 per ounce. However, even at these levels there haven’t been any reports of redemptions from exchange-traded funds (ETFs) which implies that people are holding on to the gold hoping for further rise in prices. Sharing his perspective on where the asset class is headed, Commodity Guru, Jim Rogers said that gold will touch higher levels over the next decade. He advises investors to hold gold.

Here are the excerpts from Jim Rogers' comments on CNBC-TV18. Also watch the accompanying video.

On Gold

Gold is going to go much higher over the next decade. So I am not selling any gold. I wouldn't buy it. I don't like to buy anything at an all time high but don't sell your gold, it's going to be much higher in 10 years.

On Commodity

If the world economy gets better commodities are going to lead because there are shortages. If the world economy does not improve, commodities will still be a in a good place because governments are printing a lot of money and if the economy doesn't get better they are going to print even more. Always throughout history, printing money has led to higher prices, may not this time, but it always has

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