Dejour Announces Private Placement of C$2.0 Million Flow-Through Shares

September 28, 2009

Dejour Enterprises Ltd. (NYSE AMEX:DEJ) and (TSX:DEJ) announced plans to sell 3,333,333 common flow-through shares at a price of C$0.60 per share to raise C$2.0 million in an above the market private placement.

Proceeds from the placement will fund an enhanced 3D survey and kick off the winter drilling program for the Woodrush oil project located in the Peace River Arch, BC. At least two oil wells are planned and have already been permitted for drilling at Woodrush during the 2009/10 winter drilling season.

To read the full press release click here

Biomoda Investor Presentation

September 28, 2009

Biomoda, Inc. (OTCBB: BMOD) traveled to San Diego, California to meet with investors in both one-on-one and group meetings.  There was tremendous interest for both types of meetings and our due diligence luncheon was standing room only with brokers, analysts, and fund managers, all of whom were excited about the Company, its management team, and its recent developments.  Click on the picture below to watch an excerpt from the lunch meeting.

Biomoda Presentation

1975 Memo from Fed Chairman Explains Need for Gold Price Manipulation

September 28, 2009

Zero Hedge Internet site has unearthed another U.S. government memorandum from the not-so-distant past expressing the intent of the government to rig the gold price in a nominally free market and detailing the need for and methods of doing so.  The article is and the memo are available by clicking here.

Gold Pirates Wage a Dirty, Underground War

September 28, 2009

We move cautiously into a narrow gap in the mineshaft and cross from the orange dusk of the South African veldt into absolute darkness. Beneath us is a subterranean realm that plunges more than a mile into the earth’s core, a hellish place where touch eclipses sight and the rule of law is handed down by desperate men, armed with home-made grenades and machetes.

From deep within this abandoned gold mine comes the distant hack-hack of heavy drilling. “Zama Zama,” says our guide, clutching his old Mauser rifle. “Gold pirates.” His eyes bulge with fear.

The suffocating air smells of diesel fuel and ammonia in a shaft that has not seen natural light since it was sealed by its owners nearly 20 years ago.

The tunnel stretching before us winds down and splits into two. “If we take it, can we make it back?” I ask our guard. Gripping his woefully inadequate weapon, he puts his index finger to his mouth and whispers: “They are right beneath us.”

His face is a mask of terror as we hear the distant crack of a pistol. “They are warning us. They will move up the shaft and kill us. It is time to go.”

Read More

World Bank Says Don’t Take Dollar’s Place for Granted

September 28, 2009

WASHINGTON (Reuters) – World Bank President Robert Zoellick said the United States should not take the dollar’s status as the world’s key reserve currency for granted because other options are emerging.

In excerpts released on Sunday from a speech that he is to deliver on Monday, Zoellick said global economic forces were shifting and it was time now to prepare for the fact that growth will come from multiple sources.

“The United States would be mistaken to take for granted the dollar’s place as the world’s predominant reserve currency,” he said. “Looking forward, there will increasingly be other options.”

Read More

Silver prices to average $13 long-term but could challenge $20/oz in early 2010 – RBC

September 25, 2009

RBC Capital Markets suggests that supply factors remain a concern in the longer term just as dollar weakness will be a boost in 2009/10.

A short-term pull back in the price of silver in the next 4 to 8 weeks could well be on the cards after the sharp run-up seen since mid-July but, renewed demand late in the year and in the early parts of 2010, could see the metal challenging the $20/oz level.

For full article, click here

Follow the Leaders at Victoria Gold Corp.

September 25, 2009

Question: When is one of the best times to purchase stock?

Answer: When you see insiders begin to accumulate stock!

In the case of Victoria Gold Corp. (TSX-V: VIT), there was some substantial insider buying (more than 500,000 shares) between September 21 – 24, 2009, as evidenced by the picture below, which when clicked on, will take you to source of information. 

VIT Insider Buying