Ranting Andy: Summary of “Operation PM Annihilation,” and My Conclusion – Buy Gold and Silver Now!

RANTING ANDY – Revisiting my September 13^th RANT, “GOLD INVESTOR LIMBO”, we are once again in a situation where PM investors are licking their wounds, wondering if the vicious Gold Cartel will ever be decisively defeated in the ULTIMATE CURRENCY WAR.  In the past year, its footprints have grown dramatically larger, as they have required increasingly large “bazookas” to TEMPORARILY turn the gold and silver tides from PERMANENTLY washing over the investment world.

Aside from MAJOR Cartel operations such as D-DAY on November 9, 2010 and the SUNDAY NIGHT PAPER SILVER MASSACRE on May 1, 2011, we have seen countless MINOR attacks, in sum total achieving little but to embolden gold and silver investors further, and secondarily demonstrating that MANIPULATION SATURATION has indeed been reached.  Unfortunately, not only do “desperate times call for desperate measures”, but “MORE desperate times call for MORE desperate measures”, and in the case of this week’s “OPERATION PM ANNIHALATION”, clearly the largest, most fraudulent monetary bazooka EVER was utilized to TEMPORARILY quell the inexorable advance of the gold and silver armies.

Ranting Andy: All Manipulative COGS in Action!

RANTING ANDY – I wasn’t planning to write before my trip this afternoon, but was beckoned by the siren call of corruption throughout today’s markets.  I have no major, broad conclusions this morning (give me time), but wanted to call a manipulative spade a manipulative spade.

As expected, German Parliament kowtowed to the bankers by overwhelming approving expansion of the EFSF’s scope and powers, just as the German Supreme Court did three weeks ago despite “rumors” of dissent.  For some reason, Germans have been characterized as “smart” and “conservative” stewards, despite being known worldwide as the poster children for both hyperinflation and war.  They certainly have strong technology and a motivated work force, but their politicians are no smarter than their pathetic European peers, and their Central Bankers no more “conservative” than the supposedly prudent Swiss (you know, the ones that just sold 60% of their gold and pegged the Franc to the Euro).

Euromax Receives Favorable Metallurgical Results and Expands Drill Program

Euromax Resources (OTC Other: EOXFF; TSX-V: EOX) has received favourable preliminary metallurgical test results from its Logo resource at the Company’s 100% controlled Trun Gold Project in Bulgaria.  To this end, froth flotation tests conducted on composited core samples from the Logo resource show exceptionally high gold recoveries.  Tests were conducted on samples ground to p80 of 53, 75, 106, 125, 150, and 200 microns.  All show gold recoveries of greater than 98% into a concentrate.  This is particularly encouraging given that 200 microns is coarse by most milling standards. 

According to Dr. Quinton Hennigh, technical advisor to the Company, “Although preliminary, these metallurgical results are very encouraging.  Granite-associated gold systems often have very positive metallurgical characteristics, and Trun appears to follow this behaviour.  In fact, such extremely high recovery of gold into a flotation concentrate is exceptional among most gold deposits.”

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Great Panther Updates Drill Results at San Ignacio

Great Panther Silver (NYSE-Amex: GPL; TSX: GPR) has delineated seven silver-gold mineralized zones at San Ignacio as a result of its 2010-2011 diamond drill programs.  The first nine holes returned a high degree of grade variability, resulting in significantly improved quality assurance procedures as well as re-logging, re-assaying, and twinning of several of the holes. 

Of primary importance are the Melladito and the three Intermediate zones with significant mineralization up to three metres in true width. Of holes ESI11-010 to ESI11-024, holes ESI11-010 to 013 tested the north end of the various structures; holes ESI11-014, 016 and 017 were twin holes; holes ESI11-015 and ESI11-018 to 021 were fill-in holes; and ESI11-022 to 024 were drilled on the southern extensions of the structures where surface mapping and sampling indicates that the mineralized zones continue in this direction. The mineralized zones have been delineated by drilling for a total strike length of 300 metres and ongoing surface and underground mapping and sampling in old workings has extended the mineralized structures at San Ignacio a further 400 metres south of the above drilling.

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Ranting Andy: Generational Change

RANTING ANDY – By now, it’s pretty obvious  financial market manipulation has been stepped up to historically UNPRECEDENTED levels.  Not just in Precious Metals, which have been VICIOUSLY attacked in every instance of political and financial upheaval, but stocks, bonds, and currencies as well. 

PAPER Gold and silver have been decimated with an intensity making the May silver attack look like child’s play, while the world’s most unattractive asset, the U.S. T-Bond, soars to the stratosphere via “Operation Twist”, i.e. QE3 by another name. Moreover, the currency pits have deteriorated to a point where volatility is exceeding that of stocks themselves, a shining beacon of the final stage of fiat currency decimation.   

Of course, at the center of it all is the most urgent of all manipulations, PPT support of the Dow Jones Industrial Average.  Yes, gold will eventually be the Achilles Heel that destroys paper currencies, but the Dow is the most critical tool in the Behavioral Finance toolbox, an index which simply CANNOT be allowed to plummet at the rate of the rest of the world’s markets. 

Adrian Ash: Explaining an Investment in Gold to Your Financial Advisor

LONDON – Having trouble explaining to your financial advisor why you might want to make a gold investment today?

Try starting by noting that, whatever your advisor’s stance on gold today – long, short or indifferent – the recent run towards $2000 per ounce begs the question: How in the hell did this unyielding, relatively useless lump of metal get here?

Gold has more than doubled in price since the first interbank credit crunch, and it’s only attracted more headlines, and more investment dollars, as the crisis mutates. But gold had already trebled by mid-2007 from its 2001 low. And if that was a warning of trouble ahead, then investors and savers (not to mention their advisors) might ask what the 2011 rise signals to date.

Gold ETF Investors Not Heading for Exit

NEW YORK (Reuters)  – Amid the second-largest gold sell-off since 1983, the casual observer could be forgiven for thinking that investors were dumping bullion in droves.

Initial data suggests otherwise.

The loss of confidence that caused gold prices to fall 10 percent in the four days through Monday has not yet unnerved investors in the leading gold exchange traded fund, nor caused futures traders to close out positions en masse, figures show.

Golden Phoenix Transitions Bridge Loan into Gold Stream Debt Facility

Golden Phoenix Minerals (OTCBB: GPXM) has amended its existing senior secured bridge loan with Waterton Global Value, L.P. such that the Bridge Loan has been transitioned into a more permanent senior secured gold stream credit agreement amongst the parties.

Under the Gold Stream Facility, Waterton will make up to US$15,500,000 available to the Company in five separate tranches. That portion of the Commitment Amount borrowed will be payable by the Company to Waterton in monthly payments commencing in March 2012 for a period between two and eighteen months depending on the amount borrowed.  The Company is pleased to announce that it plans to use the proceeds of the Gold Stream Facility to acquire, maintain, develop and advance its interest in the Santa Rosa Gold Project, located in Cañazas, Panama, further to its press release of September 19, 2011, as a part of a broader plan to develop a mine plan and to bring the Santa Rosa gold mine into commercial production.

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Advanced Explorations Update on Roche Bay

Advanced Explorations (OTC Other: ADEXF; TSX-V: AXI) talks about recent developments at its Roche Bay Iron Property.  The 2011 summer resource and geotechnical drilling at Roche Bay has recently been completed, and the Company is in the process of closing down onsite field activities. The results from the civil geotechnical program will be used to finalize the layout of infrastructure for the ongoing Feasibility Study. Resource and technical information gained from this program will be used to update the tonnage for the resource model, while upgrading inferred to indicated resources and for the open pit geotechnical study.

The recent visit of the Chinese delegation successfully accomplished a challenging schedule of community meetings along with detailed technical review meetings of the project. The technical reviews involved the key engineering team and AEI team members assigned to the feasibility study. The delegation also took the opportunity to visit the Roche Bay site and to examine several representative northern mining operations including a visit of a recently commissioned operation.

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Ranting Andy: Math 101

RANTING ANDY – And the charade goes on….but for how long?

Just a week ago, stock markets were plummeting and Precious Metals soaring due to expectations of plunging economic activity and imminent sovereign debt defaults.  The Fed had just revealed that the Emperor truly has no clothes, and hope for a positive Euro debt solution (as if there is one) was rapidly dying.

Then something incredible happened. 

The Cartel initiated OPERATION PM ANNIHILATION, making a mockery of whatever shred of reality still remained in the gold and silver markets, and stock markets rocketed upwards.  Actually, only the WESTERN stock markets surged, quite ironic given that their balance sheets are dramatically worse than their counterparts in the EAST.  Even more ironic is the fact that leading the charge were the very EUROPEAN BANKS closest to extinction.  Can you say “dead cat bounce?”