Yes, Spiny...I'm guilty of being excited...but there is a reason...and as you know, I have been here/there before with Arequipa in 1996...and had a few other dandies. Once one has experienced a rush like that, one never forgets it. When a $20,000 investment turns into $600,000 one in a few months, one tends to remember. It can be surreal.

There is a real sense of electricity in the air for...especially after today. Can yo all feel the angst? We may have to wait a while with SFMI...but then again, we have been waiting for years for this which is unfolding before our eyes. I think we are in totally uncharted waters now...anything can happen on any given day. Unfortunately there is a dichotomous twist to it all because so many are going to be so damaged in the general markets and the economy. I wonder ow long the monetray easing will goose the DPW, S&P, and the Nasty?...as the $US spirals downward and the next easing is announced in a month...much bigger than Japan's?

As for a buyout of SFMI, it is all just a guess my part based on past experiences. I have no proof, just as I had none with Arequipa...except for a slight hint given to me on the phone one day when I panicked and called the President ...and she said, in her own words, "Sinbob, all I can tell you is that we have a large resource here, be patient". It was about 2 months later that Barrick made the $32/share final offer. I don't wish to be subjective...because there were other very good examlpes as well.

The background today is far more exlosive than those mid-ninety days. This to me, makes an SFMI literally an unknown entity on the upside. I would just love to know what is transpiring at "the office". I'll bet Pierre is very happy these days. We all know Rich is.

I post on the other BB to try to get a few newbies informed and to give the naysayers a challenge...like yourself and others here...who do a great job "over there". Anyway, for others here, I posted the following over there just now.

"A jaw dropping, exciting day in the gold and silver pits.

How much high grade gold and silver does SFMI have the right to mine? Well, we can go on and on…and perhaps I have sounded a little over zealous with reference to the potential for a buy-out happening…but I have seen it all before…so lets just leave that aside and wonder how much the value of those combined resources in the 800,000 ton ore piles and in the 5 million ounce “plus” in-ground resources are increasing with every new day going forward…and quietly contemplate just how much growing “interest” there is out there …given the rapidly unfolding and jaw dropping events…and then try to put a guesstimate on the real moving value of our little SFMI.

We are now entering a new stage in the gold and silver rush upon us….as each days news tops the last.

This has been another exciting day for the gold and silver markets as gold hit another all time high and is solidly on its way to $1650 by January….Jim Sinclair’s prediction…a man who has been on the mark for years now. As he notes, those responsible for the ruination of the global markets, the manufacturers of OTC Derivatives are now desperately buying tons and tons of gold in the cash markets as money printing “to infinity” is game on: “Gold is being bought by the devils themselves. The ill gotten gains of OTC derivatives are taking cash gold from producers and markets by the tonne…Gold is going right through $1650, an opinion I have held publicly for more than 8 years, on or before January 14th, 2011.”

So, this very day, we have so much going on!

HUI ‘Cup With Handle’ Threatens Breakout: Gene Arensberg today.

"The Great Panic of 2008 and the enormous plunge of the HUI then has arguably provided the setup for the mother of all Cup with Handle (CH) technical formations for Big Mining Equities. Chart loving technicians are focused laser like on the Amex Gold Bugs Index (HUI), the last of the “non-confirmations” for gold’s historic rise to new heights, as the popular gold stock index is threatening to break out. Wouldn’t you know it; the mother of all CH patterns is actually a smaller CH within a massive one!

See Charts at:

http://www.gotgoldreport.com/2010/10/hui-cup-with-handle-threatens-breakout.html

Excerpts from Le Metropole Café tonight:

“The HUI closed in all-time high ground, as the last technical resistance point has been cleared, confirming the moves in both gold and silver. It finished up 16.90 to 522.36, but sold off going into the close. The XAU gained 6.11 to 202.88.


We are getting closer and closer to the moment when investors around the world want in on the gold/silver trade. Our tiny sector will become THE GO TO one ... resulting in speculative mania that will rival what occured in the internet sector a decade ago. The difference will be that this mania will be for real and will last a VERY long time.

“"The shorts are screwed here. Some of them may be carried off the Comex/LME floors on the GATA stretchers."

Well, well, well … finally, this is a day we have been waiting for and EXPECTING. With 90% of the gold/silver pundits looking for a correction, both gold and silver EXPLODED… the 1% price-capping we have seen time and time again on this move up was shattered, but the Gold Cartel’s old 2% Rule of the past was the name of the game today. At gold’s high today, it was up 2%. When THAT Rule is shattered, it will tell us The Gold Cartel has totally lost control of the gold market. ..


Overnight it seems it (gold) has entered the public consciousness that the price of gold is not topping out at $1300, but going MUCH higher … that there is a great deal of money to be made on the investment table. Correction talk is soon to shift into $2,000 gold talk…

As I write this, gold and silver continue to spike higher. The big banks who are short gold and silver via leveraged paper positions are going to get annihilated here…


Silver took out technical resistance at $22.38, identified by GoldCore's Mark O'Byrne in his 42-year weekly chart.

The price of silver could do anything on the upside on any given day now with this last near term resistance taken out. JP Morgan and the other silver shorts are in a world of hurt…

NEW YORK, Oct 5 (Reuters) - The U.S. Federal Reserve should do "much more" monetary easing to spur a sluggish economic recovery, a top Fed official said in an interview published on Tuesday…


The live spot gold and silver charts “spell out what a bull market is. Power Trends…and we’ve but begun.”

“Naked Short-Sales, OTC Derivatives Face EU Limitshttp://noir.bloomberg.com/apps/news?pid=newsarchive&sid=aJUd_SXGnJ_8

QUOTE
Frequent traders of some OTC derivatives in Europe will have to use central clearinghouses to close sales, while naked short-sellers would be required to submit proof they can access the underlying security to settle a trade designed to profit from falling prices, under two separate initiatives announced in Brussels today.”

And that is just a small part of one day's news! We gold bugs have been waitng years for this. Don't let anyone bamboozle anyone into thinking that an "SFMI" is not extremely valuable right now!