sinbadsgold

Thanks for the inquiry, glad to help.

There is available on the Internet at: http://mondaq.com/article.asp?articl... an informative reprinted article concerning consolidator as used in the supplied quoted comments from Mr. Jim Sinclair of http://.jsmineset.com. I think you'll enjoy the contained information.

I read the article some time ago, 2006, and found it most informative. The big consolidator in the gold share sector is Barrick Gold. They have been buying mostly gold related assets to add to their current portfolio of 27 mines in eight countries which began in 1984 when they purchased Camflo Mines. In recent years the company has acquired some interests in silver, nickel and copper. Their last big purchase was Placer Dome in early 2006 for about $10 billion.

Who says Barrick Gold and other major gold mining companies won't be doing deals with some juniors and explorers or buying them out completely in the future for any of their prospective gold properties? When Barrick bought Arequipa Resources in 1995 for the Pierina Mine in Peru they also acquired in the deal 47 promising properties in the same country. Barrick and NovaGold are currently developing their jointly owned Donlin Creek property in Alaska. Donlin Creek is a copper and gold property.

It is my feeling that major precious metal consolidators have had their hand in helping to depress all gold related companies in hopes of acquiring some of them at fire-sale prices. This is exactly what Barrick did when it made $2.3 billion selling borrowed gold short in depressing the gold market while they picked up many of their mines at bargain basement prices from 1984 to 1999.

You should always be on the watch concerning the politically powerful and extremely wealthy entities to tilt the odds in their favor all along while planning to serve you up the short end of the stick. Isn't this what the Fed has done to the American people through their "out of control" monetary expansion resulting in massive inflation? If they can get away with it, why not some of the consolidators, too. Look how long the hedge funds have been permitted to sell stock that they have no intention of delivering. The bottom line concerning gold related companies is the whole group has been directed to artificially low levels directly and indirectly. The coach has the right idea, Buy Buy Buy.

As gold continues to move higher in its generational bull market, someday the surviving gold companies will be the market's blue chip stocks. When the public gets the message that "all that is gold is good" everything that is gold related immediately goes into orbit.

See you at the Millionaires Club sometime in 2012 or, hopefully, sooner.