Ranting Andy: Individualism

October 31, 2011

RANTING ANDY – The global economy is like the train at the end of Back to the Future III, careening down the track at 88 miles per hour en route to its inevitable crash into Clayton Ravine.  No matter what sticks and stones are placed on the track to slow its momentum (such as FAKE bailout schemes, such as we saw last week, and “Yenterventions”, as we see this morning), the train will inevitably crash, and do so in spectacular fashion.  This is why it is GUARANTEED that PHYSICAL Precious Metal prices will rise until a new gold standard is forced upon the world by the litany of collapsing currencies.

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Advanced Explorations Announces $5mm Debenture

October 31, 2011

Advanced Explorations (OTC Other: ADEXF; TSX-V: AXI) has entered into an agreement with XinXing Ductile Iron Pipes Co. Ltd. (“XinXing”) involving a $5,000,000 convertible debenture.  This financing follows the execution by the Company and XinXing of the previously disclosed Framework Agreement in 2010, providing for the completion of feasibility assessments to bring the Company’s Roche Bay project to commercial operation.

The Debenture will be non-interest bearing, have a term of 24 months from the date of initial advance of funds, and be convertible prior to maturity and repayment at any time in whole or from time to time for common shares at a conversion price of $0.45 per common share. If fully converted, the Debenture would result in the issuance of 11,111,111 common shares.

The proceeds from the Financing will be used for advancing AEI’s Roche Bay Feasibility Project and other general corporate purposes.

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Creditors Always Pay, Keep Your Gold As Currencies Become Worthless

October 31, 2011

London (BullionVault.com) – The world has endured these sorts of crises before. Somehow they come to an end. What happens?

Sometimes, someone turns up who can prop up the collapsing debt mountain, and they make it grow higher, for a little bit longer. For a short while they are even called brilliant, but they leave a bigger problem than they started with. Eventually the thing comes crashing down and the creditors pay – always.

Whether the creditor pays through default or rapid inflation, or the mandated acquisition of government bonds by their pension fund, or the sequestration of their deposits, the result is the same: it’s always the creditor who pays.

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Thunderbird Energy Update

October 28, 2011

Thunderbird Energy (OTC Other: TBDYF; TSX-V: TBD) has commenced drilling and workover operations at the Company’s Gordon Creek natural gas field. This represents the commencement of a total program of 50 new wells and 5 workovers of existing wells to be carried out in 2011 and 2012. A substantial portion of the funding for these operations was provided through a $25 million commodity stream agreement with Sandstorm Metals & Energy announced July 13, 2011.

Further to the Company’s August 11, 2011 press release, the Southwest Regional Partnership on Carbon Sequestration’s (SWP) Carbon Capture and Storage (CCS) deployment phase (Phase III) which is sited at Gordon Creek, is proceeding with a variety of design and permitting activities. The initial focus of the field activities will include an extensive 3D seismic shoot in order to gain further understanding of the structure that is believed to host the previously discovered CO2 at Gordon Creek and to optimize the location of the initial CO2 source well to be drilled in 2012. The project will also be re-working the existing injection well at Gordon Creek in order to conduct a high rate combine CO2-Water injectivity test.

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Gold to Rise in 2011 and 2012, But What About 2013?

October 28, 2011

LONDON (Thomson Reuters) – Gold prices have had a spectacular run up from their historic lows in the early years of the last decade.  In April 2001 gold prices were hovering around 220 – 250 USD/ounce.  With the slowing of central bank selling of their gold reserves and the forward delivery costs of gold changing dramatically, the pressures that had been weighing on gold for almost 10 years were lifted and a 10 year run up in prices started.  Some gold analysts are now claiming that the long secular bear market has ended and a bull market has returned.  Others are wondering if gold prices have the wherewithal to rise further and if not, is the current stage of gold prices signaling a bubble?

According to my analysis of Thomson Reuters commodities futures data, it’s probable that gold prices will continue to climb this year and the next, supported by good fundamentals, bullish sentiment and an overall environment supportive of gold.  However, it’s likely that sometime in 2013 a critical point will be reached for gold prices, more than likely because herding or crowd behavior will have overtaken such basic fundamentals as mining and purchases and uses of gold.   This speculative market will bring with it the potential for prices to decline sharply.

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George Maniere: Today Europe Promised Us a Profitable Christmas

October 27, 2011

InvestingAdvicebyGeorge – On Wednesday night EST, Euro zone leaders struck a deal with private banks and insurers for them to accept a 50 percent loss on their Greek government bonds under a plan to lower Greece’s debt burden and try to contain the two-year-old euro zone crisis.

The agreement was reached after more than eight hours of hard-nosed negotiations involving bankers, heads of state, central bankers and the International Monetary Fund and aims to draw a line under spiraling debt problems that have threatened to unravel the European single currency project.

Under the deal, the private sector agreed to voluntarily accept a nominal 50 percent cut in its bond investments to reduce Greece’s debt burden by 100 billion Euros, cutting its debts to 120 percent of GDP by 2020, from 160 percent now.

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Christopher Barker: Great Panther Silver From the Inside-Out

October 27, 2011

Christopher Barker (The Motley Fool) – I am a man on a mission: to provide my Foolish readers with the most comprehensive insight I can gather into the complex world of mining stock investments. I’ll go to just about any length — and even any depth — to unearth useful perspective. On Monday, I took it to a new depth: 510 meters below the surface of Great Panther Silver‘s (AMEX: GPL  ) flagship Guanajuato silver and gold mine!

Reminiscent of my visit to Brigus Gold‘s (AMEX: BRD  ) Black Fox mine in Canada, the extent to which a deep well of mining history is woven into the fabric of life in Mexico’s enchanting city of Guanajuato is immediately evident on the approach to the mine. From the taxi driver’s recommendation that I visit the 220-year-old site of the legendary Valenciana silver mine, to the large bronze statue depicting a miner operating a jack-leg drill, the moment you arrive at Guanajuato you know you’ve reached truly one of the world’s great mother lodes of silver. One of Guanajuato’s hotels is aptly named: Villa de la Plata (silver town).

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