Gold Prices Gain, US Silver Bullion Coins Advance

Gold Prices Gain, US Silver Bullion Coins Advance
Silver edged lower for a second session Thursday after having gained in seven of eight sessions. Silver for May delivery dipped 15.1 cents, or 0.5%, to $ 28.807 an ounce, ranging from $ 28.530 to $ 28.955. Gold and silver have been largely range bound.
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Perth Mint Gold and Silver Bullion Sales Dip in February
Gold Kangaroo The Perth Mint has provided the latest monthly figures indicating the amount of gold and silver sold as coins and minted products. For February 2013, sales for each metal dipped to their lowest monthly level since August. Year over year …
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Gold Tops 00; Silver Eagle Bullion Coins Top 13M
Gold Tops $ 1600; Silver Eagle Bullion Coins Top 13M. by CoinNews.net on March 18, 2013 · 3 comments · 2013 American Silver Eagle Bullion Coin. American Silver Eagle bullion coins topped 13 million in sales for 2013, a level never seen before by March.
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Hi Ho Silver: Making the Case for This Precious Metal
For those of you who've followed our lead and purchased bullion, consider this: you'll be paid above spot for any ounces you sell during this time. The message is crystal clear: if you don't have a meaningful amount of silver bullion, buy more now …
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Peter Schiff of Euro Pacific Capital Sees Rocket Ship Being Set Beneath Gold Prices, the Next Crisis, and Review of Explor Resources Inc.

New York, NY (PRWEB) March 24, 2012

Economist Peter Schiff, President and Chief Global Strategist of Euro Pacific Capital Inc said this last week that the actions of the Fed and the US federal Government have taken are making the economy worse, not better, and the data points support his understanding. Schiff admits that temporarily when a bubble is being inflated some phony jobs are created, there is excess spending (consumer and government), and the impression of prosperity. But, simply look beneath the surface, the economy is actually in decay and crisis, and being set up for the next big crisis that the Fed is not even prepared to handle.

Peter Schiff has made a number of accurate economic prediction over the last decade from the real estate crash in December 2006 to the bullish rise of precious metals. Schiff pointed out that on the same day the better than expected jobs data was released we got worse than expected trade numbers; the deficit for January swelled to $ 52.4B, that was the highest monthly trade deficit since the summer of 2008 just before the financial crisis. If the jobs that were added were productive jobs the deficit would be getting smaller, but its not as we are creating more consumers not producers. Before too long people are going to appreciate that this is a phony recovery, that the rally in the stock market is simply a reflection of inflation, not economic growth, and as bond prices begin to move down, the fed is going to be under increased pressure to announce QE3 and when it does that will be music to the ears of gold traders. Schiff said people should be buying gold now before the Fed starts to ease more stating In the mean time I wouldnt be waiting for that, I think the dip [in gold] is already big enough to buy.

Schiff also noted that The Feds recent bank stress test was anything but stressful; the test revolved around the ability of banks to withstand a drop in asset prices (housing and equities). Schiff said the next crisis will NOT look like that, the fed is erroneously assuming the next crisis will be a carbon copy of the last crisis. The one stress test the market did not request the Banks to stress test was a collapse in the bond market with soaring rates. Schiff believes the banks will not survive such a test and thus it was not tested. Higher interest rates are not only possible, they are entirely probable. Couple a rise in interest rates with the enormity of the trade deficit and the effect on the current account turning into a sever deficit due to required interest payments on foreign held bonds and thing will just be spinning out of control. The bond market and the dollar are on the verge of collapse and in order to prevent that from occurring the Fed is going to print lots of money, that will put a floor beneath asset prices, but it will basically put a rocket ship beneath gold prices and sink the dollar.

This time last year Peter Schiff offered insight into how he views ownership of physical precious metal versus ownership via equities (in related mining stocks) – Schiff believes people should own both and stated he is weighted towards equities; “I have more of my money in investments in gold mining companies than I do bullion.” Schiff sees the physical metal as representing stored value (money), whereas mining companies are ‘investments’; a precious metal mining company takes on risks in exchange for the reward that comes with discovery and value creation from when it takes gold and/or silver that is buried in the ground and brings it out of the ground where it has practical value. Schiff views his mining stocks as a shareholder in these companies saying “I own the ounces they have in their reserve in the ground, part of which you own”.

Schiff did not offer specific investment vehicles to capitalize on however Market Equities Research Group offers below some possible ways for exposure to precious metals including a review of Explor Resources Inc. a unique Canadian-based mineral exploration mining company focused on building gold ounces at its Timmins Porcupine West gold deposit in the prolific Abitibi Greenstone belt of Ontario where it has proven its exploration model.

A full review of Explor Resources Inc. is available at http://www.miningmarketwatch.net/exs.htm online.

Simple ways to gain exposure to precious metals are to buy a senior producer focused ETF such as Market Vectors-Gold Miners (GDX), Global X Silver Miners ETF (SIL), or a junior focused ETF such as Market Vectors Junior Gold (&Silver) Miners ETF (GDXJ). However the problem with these ETFs is that they funnel attention to a select few companies whereas there is a large universe of junior exploration gold mining stocks that offer exceptional risk-reward scenarios. One such company that appears poised for upside share price appreciation in 2012 is Explor Resources Inc.; the current resource at Explor’s Timmins Porcupine West gold deposit is 127,000 oz gold Indicated at 5.13 g/t + 704,000 oz gold Inferred at 3.97 g/t and that is expected to rise dramatically over the near-term; by the end of 2012 Mining MarketWatch Journal forecasts the resource to be advanced to ~1.5 million ounces gold, and by the end of 2013 advanced to ~3 million ounces gold — that would represent only 10% of the deposits potential.

Explor Resources Inc. has a market cap under $ 40 million, and is poised for considerable share price appreciation as the reality of the accomplishment underway is appreciated by the market. The exploration model Explor has developed for the deposit is named after the nearby Hollinger and McIntyre gold mines that have a similar porphyry and produced 30 million ounces of gold. The porphyry is the heat engine that pushes the gold into weak adjacent (sedimentary and mafic volcanic) rocks — the bigger the porphyry the bigger the potential deposit; Explor Resources’ TPW porphyry is 5 times bigger than the Hollinger-McIntyre porphyry and all evidence to date has shown the exploration model to be accurate. The gold mineralization is concentrated in two mineralized limbs of syncline and so far Explor has concentrated its efforts only on top portion of the south limb, the north limb is believed to be as equally rich. There is a 2 kilometre long strike length open on both ends and at depth. Area mines are worked for high-grade gold to ~2,000+ metres, double the depth currently established on the south limb; the current resource established on the south limb was based on drilling to ~600 m, and recent drilling not yet incorporated into the resource is proving up high grades to ~1000 m (i.e. Jan. 31, 2012 release “114.8 g/t gold over 7.8 m”, Feb. 23, 2012 release “7.36 g/t gold over 13.5 m). A new updated resource calculation is expected to be released in June 2012 incorporating recent drilling and, following summer exploration, yet another resource calculation is expected to be prepared for the end of 2012.

Mining MarketWatch Journal sees a comparison, exit strategy wise for Explor shareholders benefit, to the scenario that unfolded for Virginia Gold Mines with its sale of its Eleonore gold deposit to Goldcorp for close to half a billion dollars plus the retention of a rich sliding royalty. Virginia Mines proved up ~3M ounces and sold to Goldcorp which carried the ball for many times that. Explor has a very real similar potential outcome in store as the porphyry system at the TPW gold deposit is 5 times the size of the 30M ounces gold Hollinger-McIntyre, the exploration efforts to date support the exploration model, and a readily achievable target of 3 million ounces by the end of 2013 represents just the tip of the iceberg.

A full review of Explor Resources Inc. is available at http://www.miningmarketwatch.net/exs.htm online.

This release may contain forward-looking statements regarding future events that involve risk and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual events or


Home Prices Boom in New York, But Have Yet to Recover in Miami, Reveals Leading Financial Newsletter Profit Confidential


New York, NY (PRWEB) December 29, 2011

Home prices in the Miami condo market are still not rising, as a glut of home foreclosures on the market are keeping prices down. This is in stark contrast to Manhattan, as the city shows no signs of the economic after-effects, reports Michael Lombardi, lead contributor to Profit Confidential.

I was in Manhattan this weekend and Ive never seen it so busy. The city is booming, Lombardi says. The most popular restaurants are full and hotels have jacked-up prices as hotel occupancy is high.

When Lombardi looked at the retail stores, he found lots of evidence that the economy was doing well in New York. The line-up at well-known toy store FOA Swartz at Central Park starts around the block. Youll have to wait a long time to get into the Apple Store next door, as well. Soho is booming, with shoppers walking the streets, hands full of bags from their favorite retail stores.

When he compares New York to his recent trip from Miami, the differences are huge. Last night, I returned from Miami. Hotels are lowering prices to attract customers. Any of the popular restaurants had lots of empty tables. The strip plazas and malls, plenty of empty stores. Its like the Great Recession of 2008 is only starting to end here.

Profit Confidential, which has been published for over a decade now, has been widely recognized as predicting five major economic events over the past 10 years. In 2002, Profit Confidential started advising its readers to buy gold-related investments when gold traded under $ 300 an ounce. In 2006, it begged its readers to get out of the housing market…before it plunged.

Profit Confidential was among the first (back in late 2006) to predict that the U.S. economy would be in a recession by late 2007. The daily e-letter correctly predicted the crash in the stock market of 2008 and early 2009. And Profit Confidential turned bullish on stocks in March of 2009 and rode the bear market rally from a Dow Jones Industrial Average of 6,440 on March 9, 2009, to 12,876 on May 2, 2011, a gain of 99%.

To see the full article and to learn more about Profit Confidential, visit http://www.profitconfidential.com.

Profit Confidential is Lombardi Publishing Corporations free daily investment e-letter. Written by financial gurus with over 100 years of combined investing experience, Profit Confidential analyzes and comments on the actions of the stock market, precious metals, interest rates, real estate, and the economy. Lombardi Publishing Corporation, founded in 1986, now with over one million customers in 141 countries, is one of the largest consumer information publishers in the world. For more on Lombardi, and to get the popular Profit Confidential e-letter sent to you daily, visit http://www.profitconfidential.com.

Michael Lombardi, MBA, the lead Profit Confidential editorial contributor, has just released his most recent update of Critical Warning Number Six, a breakthrough video with Lombardis current predictions for the U.S. economy, stock market, U.S. dollar, euro, interest rates and inflation. To see the video, visit http://www.profitconfidential.com/critical-warning-number-six.

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