There has been a lot of talk and chatter on the net the last few weeks in the silver camp about the price of silver being primed to take off. There has been some pretty interesting articles in the last little while that tell you the reasons why silver is heading higher. Of course there is also a bear camp that has all the stats that can show all the reasons why silver price won't go up any time soon also. But for conversations sake we will stick with the silver bull camp and look at the reasons why it is about to explode.
The first article I read was quite interesting as it explains that there is only a certain amount of value in the worlds economy and its all about how that value is invested. The author uses a method called fractals to measure and analyse everything using time and valuation. With this data the author goes onto say that the value of equities like big stocks have gotten to an over valued point. Realestate in most cases is over valued. Almost every tangible item of value is overvalued at the present time except oil, precious and base metals. Oil might be undervalued but as he explains there is just too many factors that could push oil down again. Factors like Iran or Saudia that could dump millions if not billions of barrels of oil out on whim driving the prices down just to elimenate competition.
With base metals there is also too much uncertainty in the world economy as far as expansion goes so things like copper or base metals are questionable. All this leads to the precious metals like gold and silver. The reasoning for silver is because it is the cheapest out there. Silver is like picking a penny stock. It's only human to pick through and look for the bargains. Our thinking tends to tell us that if we buy a 2 cent stock, we only need a 2 cent rise to 4 cents to double our money. So it is the same mentality that would say that silver being only $15-$16 per oz that it only needs to go to $30-$32 for me to double my money. Whereas with gold it would need to break a new high and need to get beyond $2,400 an oz for a double.
Another person Bo Polny who uses cycles and time to analyse trends and commodities is basically saying the same thing. His call is for triple digit silver this year in 2016. Of course we read lots of articles stating that certain banks have hoarded all the physical silver there is. This is the explaination that a lot of silver stackers use pointing to the fact that bothgovernment and private mints have run out of physical silver for minting but yet the paper silver price remains the same or even goes down. Of course the entire gold or silver market is the smallest markets on the planet money wise so it would not take much for any one nation or even a large corporation to actually take over the complete market if they could actually get their hands on all the material.
All the gold and silver that is traded, is just paper. There is something like 100 oz of paper silver or gold for every physical oz of metal so the day may come when some unlucky people find that silver they supposedly own is not worth the PAPER it is written on. Either way going by these writers this past week it should be an interesting time coming up if any of this stuff actually transpires. I've read lots of these theories over the years and I have developed an "I'll wait and see" attitude. But as a gold and silver bug I have always said that owning a bit of either is a great way to hold some money as a saving. And while I'm talking silver here, make sure you sign up for my newsletter. The form is on the top right hand side of this page and your email goes into the draw for a 1/4 oz silver coin.
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What's With All The Negative Gold & Mining Headlines
Quite a few years ago I started to notice that most of the news headlines seemd to be anti-gold. It doesn't seem to matter which Gold news site you go to there is always a negative / sarcatic / skewed type of headline regarding Gold & Mining Headlines. Some of the authors of the articles seem to be very anti-gold also. Today I noticed an article on the net that seems really skewed. The headline reads: Consolidation Would Be 'Healthy' For Gold, Provide 'More Attractive' Prices.
When you first look at that Gold headline the first thing I ask myself is "Where the hell has this author been for the past 5 years?" Here, lets pull up a chart for the past 5 or so years and see if there was any time during those years that someone could have bought gold at a more ATTRACTIVE price.
Now when you look at gold that chart do you see at any time during the last 3 years that the gold price was not ATTRACTIVE? I do, I see lots of opportunity to buy gold at so called ATTRACTIVE prices. What this article and headline tells me is that there are some who are anti gold and try to bash gold steady in the Gold news. Whether they be shorts or have some other agenda they now see that they maybe missed the boat on getting into Gold & Mining Headlines. It was suppose to stay down, they thought but instead the gold price is climbing. I could have bought back last year when the price was $1090 but I didn't. They think for some reason that if they scare the masses into selling positions they can either cover a short position of get themselves into a long postion for a few dollars cheaper. Look, you missed the boat. You missed the bottom. Get over it. Isn't there something more serious in life to write about than gold dropping a few bucks.
The other part of the Gold story is the "HEALTHY" part. I wonder what this author would say if home prices fell 10 - 20 percent. I would write an article saying that a falling housing market is good in gold. Give others a chance to buy Gold into the housing market and even though it puts a whole pile of people underwater with their mortages. Or how about, your dollars in your bank account just lost 30% of their value. I would say thats good. Give's others a chance to buy more dollars at your expense and allows you to spend more for your basics. Or maybe if Google or Facebook lost a whack of value. Gives other a chance to buy in gold.
Face it, everyone on this planet has had a chance to buy gold and silver for that matter for ATTRACTIVE and cheap prices during the past 3-4 years. It's not like no one knew because there has been tons of negative news in your face almost everyday regarding gold and silver. If you missed any of that negative Gold news or news headlines you must have been living somewhere other than earth. For those who are not from earth and have not read any gold news headlines, I took the liberty and started a page years ago copying a bunch of news headlines on Gold & Mining Headlines and have them on a page here.
Here's the point I am trying to make. I'm a gold bug and I like gold and I like mining. Minerals and resources have feed my family and as the webmaster of this website and this website being mining and metals related to Gold , it is in my best interest to be positive about gold and the future price of gold or Gold & Mining Headlines. It is also in my best interest to be positive for all the metals and the gold miners who mine the metals I use everyday in my life. The precious metals that go into my laptop and smart phone, I owe that to a miner. The wiring in my house, the car I drive, the truck that bring the groceries to the store, I owe to the miners and drillers for Gold .
So if you want to be negative and if you think negative sells, go ahead and keep on doing what your doing for Gold. All you negative right wing type bashing is not going to change the long term picture because the picture all us gold bugs see from now on in is just nothing but blue skies, sun shine, rainbows and lollipops. And we'll see all you negative, sad and gloomy authors at $3,000 gold and beyond - 🙂
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African Queen Mines Being as I live within the world renown historic gold camp of Atlin BC, I thought it best to maybe do an article on a junior miner that will be doing some exploration work in the area this year. There are not many junior miners that work here as most of the area here is active placer mining and most placer mining operations are either family owned or private companies. There has been some junior miners however in the past like Adanac Moly in the early 2000's and Chieftain Metals. Another company was Eagle Plains, who use to operate the Yellow Jacket property on Pine Creek. It is this property and junior that we will take a look at today.
The Yellow Jacket porperty is located 10 KM east of the town of Atlin BC on the Surprise Lake road. This location is right where the old town of Discovery once stood and that location is where the original discovery of gold that lead to the Atlin gold rush back in 1898. Some of the richest ground in North America is in this area. Neighboring Spruce Creek is world renown for some of the largest gold nuggets ever found.
In 1983, local area prospectors staked the Yellowjacket Property, and subsequently optioned the property to Canova and Tri-Pacific Resources. During 1984 and 1985 these companies conducted programs of ground geophysics, rotary and diamond drilling. In 1986 Homestake Mineral Development Company optioned the property from Canova and from 1986 to 1988 initiated programs of mapping, reverse circulation drilling and diamond drilling (52 holes totaling 8,057 metres).
Prize Mining optioned the property in 2003 and from 2003 to 2006 drilled 57 holes for a total of 6,873 metres. A number of impressive intercepts were encountered during drilling, with values ranging from no significant results to grades as summarized below. Some of the grades as you will see are astronomical values.
Drillhole Interval Width Grade YJ03-01 13.95m to 19.51m 5.56m 513.5 g/t Au YJ04-07 48.85m to 54.45m 5.6m 40.1 g/t Au including: 53.95m to 54.45m 0.5m 588.9 g/t Au TW05-02 10.67m to 12.79m 2.12m 853.0 g/t Au including: 10.67m to 11.58m 0.91m 2,397 g/t Au TW05-02 20.05m to 41.50m 21.45m 11.5 g/t Au In 2008, Prize Mining processed 4200 tonnes of bedrock material in their onsite bulk sample mill. Of this material, 2880 tonnes were considered to be taken from the main mineralized zone and returned gold bars totaling 18.63 kilograms (599 ounces).
Fast forward to today and going by news releases the company has issued, there will be a placer operation taking place starting in the summer of 2016. This placer operation will run for five years and will provide cash revenue to the company. The company also has plans for additional sampling of the area which covers an area of approximately 460 hectares.
Although a light trading stock, there is about 80 million shares O/S and the stock at the time of writing is at it's 52 week high of 3 cents with a low of 1/2 cent.
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