Another nice day...get used to them.
posted on
Oct 08, 2009 11:39AM
(Edit this Message from the "Fast Facts" Section)
The naysayers are starting to take notice in Vancouver. There will be others. Then there are all the hesitant visitors here and those aware of the stock that may now have been motivated to buy in ... after all what can you buy for 8 cents?...certainly not any near term producers. Then there are also all of us longs who are no doubt telling others...and the word spreads. The latest NR is the spark that was timely.
Then, in my opinion, there is now a "paradigm shift" (I hate that term) towards the JPMs that is in it's embryonic stage that few are noticing...there is a hint of excitement coming back into the JPMs and the PMs. Some shorts in a few selective stocks are getting roasted as we speak because big fund money is on deck and it will annihalate them.
There have been more gold analysts/writers being interviewed and talking about the tremendous leverage in the gold stocks. I saw an interview this morning out of London where the advice was to watch for the leverage advantage we will see in the share prices of large producers who are not very profitabel at this point, but with every dollar increase in the price of gold, their profitability and leverage becomes very attractive. We have seen some real success on the world stage such as Ivanho's massive deal in Mongolia and Hudson Bay's gold discovery in Manitoba. Deals are being consummated and property acquisitions announced...such as San Gold's this morning re its new Timmin's property deal.
We are witnessing the recent success of GATA and those who have told the true gold story for ten years now coming home to roost. The back of the gold cartel is being broken and the manipulation of gold is coming to an end.
These are the beginnings of very exciting times for gold bugs.