SLI and gold prices

I am sorry to see Grumpy leave, but understand his reason and it is perfectly acceptable to do so if your risk-reward ratio for any “security” is out of whack.

I appreciate Hog & Sculpin’s knowledge of metal prospecting and am indebted to Sculpin for sharing his expertise. We are fortunate in that he delivers knowledge and facts that we have been privy to and realize that qualified geologists cannot publicly venture such opinions.

What makes Tesoro so unique is that we can look at the Titan 24 and see the three bears, the huge anomaly, the next one and the baby one. There possibly may be another anomaly under one of the mines he has just demonstrated but our Titan survey is real, and the very size an eye opener. We read the calculations for just one gm/ton of just the one anomaly, and realize that it is possible that the one gram may be doubled, tripled etc. and this is a very real possibility. It has been mentioned that the next world class discovery will probably be discovered by science, and I am reminded of this science of geophysics every time I open up the library.

While we bide our time, I would like to alert some of you that don’t have time to read recognized financial writers that refer to the importance of holding gold in one form or another. Firstly, why are stocks doing so well when indicators from most of the world are so poor. Mike Larson answers that it is due to money printing worldwide.”The Bank of England is pumping out hundreds of billions of pounds to buy assets, and renewed calls for even more printing are going out in the wake of the latest, lousy economic data. It doesn't’t even matter that all the previous printing programs haven’t worked — bankers and traders are asking for more free money!”

Just as in the USA, European banks were given money and instead of using it to help businesses they used it for speculation, often buying Euros. The Fed policy under Bernake has only made the rich richer and the poor poorer as it has stimulated the stock market – small savers tend not to buy stocks but to save they save sinking dollars and houses. They are stuck with rising oil prices, while those better off win by the increasing value of the market. Ultimately the policy will implode.

Today Rudy Martin brought to my attention that “a world-shaking event occurred this week in the global financial arena, and its impact will be felt for years to come. It will yank the wind straight out of the U.S. dollar’s sails and force a fundamental devaluation of assets down to emerging-market levels.

Five leading nations — Brazil, Russia, India, China and South Africa — are starting their own financial system with a development bank funded exclusively by their nations.

They aim to establish an easy convertibility of currency (the real, ruble, rupee, renminbi and rand, respectively) and a focus on building long-term business relationships among themselves”.

When the US dollar goes down we go up!

I will continue with some words from Marc Faber