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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posted on Oct 18, 2007 03:39AM

From Chuck Butler at Everbank

OK... Here's the BIG NEWS! Recall yesterday, I told you that the negative TICs data probably was a result of the tumultuous August, but... I thought that in a normal month the net foreign security purchases would have shown a weakening... Well... Yesterday, it was reported that Japan, China and Taiwan sold U.S. Treasuries at the fastest pace in at least five years in August.

Japan cut its holdings by 4% to $586 Billion, China cut its holdings 2.2% to $400 Billion, and Taiwan's holdings slid 8.9% to $52 Billion... Japan's selling was at the fastest pace since 2000, China's since 2002, and Taiwan's since 2000...

Should be good for gold

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