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Message: Re: Going Up ????
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Jun 08, 2010 11:08AM
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Jun 08, 2010 01:13PM
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Jun 08, 2010 01:59PM
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Jun 08, 2010 02:06PM
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Jun 10, 2010 03:18AM

All I can say is.... WOW !!

Right-on "Q" the short traders followed through just like a broken record that keeps skipping and followed through with their attack to try and cap the share price at .004.

Mass Panic? If Silverado lands financing, there will be a TITANIC SHIP LOAD of short traders stampeding to cover; wouldn't that be a sight to behold !

$$ Ka-Ching Ka-Ching $$

Good to see the die-hard longs hanging in there with some taking advantage of the lower prices and adding to their positions.

In case you guys haven't seen Eric Sprott's recent interview and what his thoughts are about the potential for Gold Mining stocks to skyrocket, here is the excerpt....

http://www.theglobeandmail.com/globe-investor/investment-ideas/why-eric-sprott-still-loves-gold/article1599034/

You've loved gold for a long time but, when the crisis hit in 2008, gold and junior miners got killed like everyone else. How do you explain that?

I treat what happened to gold stocks in 2008 as anomalous. Now, two years later, gold's at a record price and gold stocks have come back from an absolute pasting.

I'm not convinced the market is always right. The market can be very wrong for a certain time period. I remember in 2006 when homebuilder stocks rallied 60 per cent because people thought housing was turning.

We love gold and silver stocks. I'm still bullish on my prior stock picks of junior miners. Why? Because there could be times in the life of investing when people only buy one thing. That's what happened in the mid-1930s. They only bought gold stocks. So much so, there were 80,000 gold mines in the States then because they could get financing.

I just get the feeling that that could easily happen again. When you look at a system that's in trouble, you think: what's the one thing I could do to get through it? You're thinking survival, because it's not going to be fun. By owning gold, you can survive it because it will have its purchasing power vs. anything out there. If we're still eating food and trading things, you will be able to use gold to buy those things.

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