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Charmin

Monthly Digger - December 2010

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If you wondered what the middle of a gold bull run was like, you are in one now.

 

Here's part an article from Safehaven.com with a decent overview of miners towards the end.

 

Gold: Currency Wars and China

...Replacing reserves is the biggest challenge facing gold mining companies today. The senior producers talk about a growth pipeline, yet the reality is that most senior producers are stuck on a treadmill and for many, they are simply harvesting their mines. While this condition has plagued the industry for some time, the buoyant gold price has deflected attention from replacing their depleting reserve base. Development situations like Detour Gold and Osisko were able to take advantage of the market euphoria and already prefunded their projects. Consolidation and merger activity has been hectic reflected by the prices paid for gold in the ground today at more than $1400 an ounce recently. The dilemma for a portfolio manager is that the shuffling of reserves is not necessarily accretive since takeovers are often done with shares as currency...

Note: US traders may have to use the pinksheets to look up some of the miners mentioned in the article.

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what do you guys think about Seabridge gold sea.to or SA on the us side

 

My link

 

they seem to have the largest OZ/shr at 1.22. far larger than anyone else on the list. and this is for reserves.

 

This is huge, yes?

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what do you guys think about Seabridge gold sea.to or SA on the us side

 

My link

 

they seem to have the largest OZ/shr at 1.22. far larger than anyone else on the list. and this is for reserves.

 

This is huge, yes?

I don't know what to tell you about SA. Only lost half a million last quarter. Since they don't do any mining for profit they have to sell off properties for working capital to continue drilling to verify any reserve filings. CEO gets about half million a year. Looks like they have no intention of mining just selling off properties. Another good mob mentality charting play that hinges on spot prices more than anything.

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Seems lately as if when miners get beat down spots go up and when spots get beat down miners go up. Must upset the manipulators. About another week for this current crap to end. I bought 5 NG calls/$25/Jan.2013 and a few pinksheet hopefuls just to say I played the seasonal end of year trend.

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This is going to be good. Any recent dips were immediately brought into. Looks like a short squeeze with everyone still on vacation. Any drives down in miners or spot price as shorts were put on are going to make for a quick rise if new shorts have to start unloading already. Looks like a short play at these levels is ill timed.

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i am looking for this to go higher than most think possible. this will be a blow off top-end of january to possibly mid feb

dharma

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