misc
posted on
Feb 12, 2008 08:58PM
The Company's Eagle Gold Project in Yukon Canada hosts a National Instrument 43-101 compliant Reserve of 2.3 million ounces of gold.
Hey everyone, i will give a brief Phoenix recap tomorrow when i have more energy. Everything went great.
For now some peaceful words to keep all patient. our time and payoff will come we are just very early to the party. quotes from an article......( my highlights)
the large gold financial institutions are buying gold equities by the bucket load. And which stocks are they buying? The senior companies. It is only a matter of time before the junior stocks are covered. Let’s listen to who I believe is one of the most competent gold analysts in the market.
Ken Gerbino -“…the juniors on a relative basis are extremely undervalued and that a substantial rally should be starting soon.”“New money into the gold arena is going into the big names. These managers and investors have not started to look at Canada and the junior sector yet. But as they eventually get more familiar and comfortable with the industry they start looking for smaller growth and value situations and that leads them into the junior sector.” “The key to making an above average return is competent evaluations and patience. This sometimes takes many years. Patience will outweigh the volatility of the gold and silver mining sector as intrinsic value eventually gets recognized. The laws of supply and demand let you sleep comfortably.” Ken Gerbino, Kitco, 2-4-2008
Gold mining stocks will eventually rally but patience is the name of the game. Another highly rated gold analyst shares his longer term price for gold this year.
“I still see $1200 gold and $25 silver coming this year.” By Rick Ackerman, Kitco, 2-4-2008
Think long term, always longer term. The price of gold in the short term will move in extremes in every direction but gold will be overall strong for the rest of this decade and beyond.
It’s not too late to invest in gold related equities to take advantage of their wealth generating attributes. We are living in the last days of cheap resources and cheap commodities.