Barrick says gold could "easily" exceed $1,500/oz ABX, TNR.v, NG.to, GG, MAI.to, AUY, BVN, FCX, AEM, KGC, GRC.to, NGQ.to, SGC.v, BVA.v, BVG.v, MXR.to

 

  If you grow something it takes time, energy and a lot of effort. Not all connections will be apparent at the first sight - you need to know what you are doing. Those who are in this Gold Bull market from its very beginning, remember that Barrick was always among those "hedgers who was playing by the music of anti gold cartel." Situation has changed, when the company announced its unloading of its hedging and now it will enjoy the leverage to the gold price, but the real party will be going where resources are - in junior mining sector. In order to have more understanding of the next steps to realise value in this stage of this Bull we need to do some digging. We will refer you to couple of our old post, which are relevant today even more than before.

"4. First Gold will make new all-time high, second will be M&A play: Majors will shop for Juniors with resources in the ground. Here is the double-game - Gold is moving up and Majors' production and Reserve Base is going down. If you like more leverage you are welcome to Silver market. Place to be is in stories will strong management, growing resources and stable political situations. Markets will be volatile by all means and political tensions will be driving this Gold Bull as well."

"CS, Junior Mining economics, bullish case for Hard Assets, Gold and Silver.

Just few short months ago we all have been worrying that Argentina will default. If you consider the Junior mining companies share prices like MAi.to, CGH.to and TNR.v involved in Argentina - even today discounts show that Mr Market is still awaiting some kind of tsunami to cover all the goods in the ground by miles of water.

We know that there is a battle against that huge mine, but we will leave environment responsibility with Barrick Gold ABX and connect here a few important points in our Value Web.

Mining business is a very close and interconnected. Juniors are taking the risk to fund, find and develop resources, Majors are buying these resources and are ready to pay a top buck to buy the time."

"Blue sky is called blue sky because of its unlimitness, but the edge between the TenBagger and worthless dreams is very sharp and hurt a lot of people. First hole drilled with economic mineralisation normally brings excitement and flood of money compare to Junior's market Cap and average volume of trading - nobody really knows how big is that thing in the ground. Before that hole will make its way from our "3 of one Thousand" to boring and relatively safe producing mine, Junior Mining company drilled that hole will experience Investment Cycle we would like to write about today. We have discussed before Junior Mining economics and our Bullish case for the Real Things. There is no question for us that the big money will be made in the sector again, the big question is Where?"

Reuters:

Barrick says gold could "easily" exceed $1,500/oz

By Jan Harvey

BERLIN

Mon Sep 27, 2010 4:11pm IST

BERLIN (Reuters) - Barrick Gold, the world's number one miner of the precious metal, said on Monday gold prices could "easily" outperform recent record highs to rise above $1,500 an ounce in the next year.

"From what we're hearing, there are still significant new buyers coming into the market," Jamie Sokalsky, the company's chief financial officer, told Reuters on the sidelines of the London Bullion Market Association here.

"My view is that we could see much stronger prices still from here," he said, adding: "I can see gold easily taking out new highs and going above $1,500 an ounce in the next year."

Spot gold rose to a record high of $1,300 an ounce on Monday. Delegates at the LBMA meet were bullish on prices earlier on Monday, delivering an average forecast of $1,406 an ounce for this time next year.

Sokalsky said compared with where gold was in the early 1980s, at around $2,300 an ounce on an inflation-adjusted basis, prices still had substantial upside.

"Given all the factors that are there to support gold -- macroeconomic factors, supply and demand factors, geopolitical tensions, a still-simmering sovereign debt crisis -- I think the ledger has so many more reasons to buy gold that to sell," he said.

He said the company's recent closure of its hedges -- forward sales of gold made to lock in prices of future production -- meant it now had greater leverage to the rising gold price.

DEMAND SOARS

Demand for gold has soared in recent years as the financial crisis boosted the precious metal's appeal as a haven from risk, while concerns quantitative easing may debase paper currencies have fueled buying of bullion as an alternative asset.

Supply has struggled to keep pace, with central bank selling, once a significant source of bullion to the market, falling off sharply and scrap supply erratic despite rising prices.

Sokalsky reiterated Barrick's output forecast of 7.6-8 million ounces for 2010, but said the company's $500 million Cortez Hills mine, which went into production in the first quarter of this year, was likely to outstrip its current production target.

"The first two quarters have been great quarters for the mine, so we expect to exceed that guidance of 1.1 million ounces...probably in the neighborhood of 5-10 percent," he said.

Barrick's cash costs for the year were likely to be at the upper end of its existing $425-455 an ounce guidance as rising gold prices increased royalty obligations, he added.

Nonetheless he said margins remain healthy. "We are seeing significant margin expansion," he said. "In the second quarter our margin against cash costs was over $700 per ounce."

He said when two projects currently under construction -- Pueblo Viejo in the Dominican Republic and Pascua-Lama on the Chile-Argentina border -- are in full production, they will contribute 1.5 million ounces a year for the first five years at cash costs below $200 per ounce.

"These are very good long-life projects that, once in operation, will look to lower our overall cost base," he said.

(Reporting by Jan Harvey; Editing by Sue Thomas)"

Related articles by Zemanta

• Gold and Silver: Junior gold miners 'provide M&A allure' TNR.v, GRC.to, AMM.to, NGQ.to, SGC.v, ASM.v, EPZ.v, KTN.v, MGN, CUU.v, ALK.ax, MXR.v, BVG.v, BVA.v, GG, FCX, NEM, KGC, BVN, AUY, (sufiy.blogspot.com)
• TNR Gold Corp. States No Adverse Material Change / Proceeding as Proposed With International Lithium Spin-Off TNR.v, CZX.v, NG.to, ABX, RM.v, LIT, LI.v, WLC.v, CLQ.v, MAI.to, GRC.to, NGQ.to, SGC.v, NEM, FCX (sufiy.blogspot.com)
• Avino Silver and Gold Mines samples 0.8 m of 5,522 g/t Ag at San Gonzalo ASM.v, EPZ.to, RVM.to, MGN, TNR.v, GRC.to, GBN.v, BVA.v, BCG.v, ALK.ax, NGQ.to, SGC.v, KTN.v (sufiy.blogspot.com)
• Gold in Canada: Goldstone Resources: Premier Gold drills 53 m of 5.49 g/t Au at Hardrock GRC.v, PG.to, TNR.v, GBN.v, NGQ.v, SGC.v, ASM.v, RVM.to, MGN, EPZ.to, KTN.v, BTT.v, ALK.ax, GG, NEM, BVN, ABX, KGC, AUY (sufiy.blogspot.com)
• Lithium Therapy: Richard Mills: Dow/Gold & Summer Doldrums TNR.v, CZX.v, RM.v, AMM.to, SGC.v, GRC.to, NGQ.to, BVG.v, BVA.v, ALK.ax, BTT.v, VTR.v, MGN, CGP.v, WLC.v, CLQ.v, LIT, TSLA, LI.v, AVL.to, HAO.v, ABN.v, (sufiy.blogspot.com)
• Gold and Copper in Africa: Sunridge Gold is on the move with volume today GRC.to, PG.to, GG, ABX, TNR.v, BTT.v, GBN.v, ASM.v, SGC.v, NGQ.v, EPZ.v, CZX.v, ALK.ax, NEM, AUY, FCX (sufiy.blogspot.com)
• Globe says Minera Andes, Copper Fox Metals among others could be takeover targets MAI.v, TNR.v, CUU.v, CZX.v, LUN.to, NGQ.to, SGC.to, ASM.v, AMM.to, GRC.to, FCX, BVN, ABX, TCK, BHP, RTP, GG (sufiy.blogspot.com)
• Gold and Copper in Argentina: Minera Andes surges on rumours and Rob McEwen's commitment MAI.to, TNR.v, GRC.to, ASM.v, SGC.v, NGQ.v, KTN.v, EPZ.v, ALK.ax, GBN.v, RVM.v, MGN, AMM.to, AUY, BTT.v, KS.v, ABX, NEM, GG, BVN, (sufiy.blogspot.com)
• Gold Fever: Rise in gold sector M&A raises eyebrows TNR.v, MAI.to, GRC.to, ASM.v, SGC.v, NGQ.v, KTN.v, EPZ.v, ALK.ax, GBN.v, RVM.v, MGN, AMM.to, AUY, BTT.v, KS.v, ABX, NEM, GG, BVN, (sufiy.blogspot.com)
• Investing in Lithium: Looking for Catalyst TNR.v, CZX.v, RM.v, LIT, LIT.v, TSLA, HEV, AONE, CLQ.v, WLC.v, ABN.v, HAO.v, FMC, SQM, (sufiy.blogspot.com)

Investing in Lithium: Looking for Catalyst TNR.v, CZX.v, RM.v, LIT, LIT.v, TSLA, HEV, AONE, CLQ.v, WLC.v, ABN.v, HAO.v, FMC, SQM,

  CS. We will conduct the brave scientific experiment today with our own money, as usual, and will try to decipher the the recent FED actions, Quants and derivatives with our common sense. Along the way we will study the connection between the Federal Reserve and Federal Express and why we have missed our bail out cheque in the mail. FedEx must be given the wrong address. Our special English will keep our personal charm and hint to our outsider status and mountainous location, who knows - maybe we can see the parts of a bigger picture and have missed some simple explanations from FOX and CNBC.

  With traders coming back from holidays, it is time to look at the potential catalyst to reward us for our patiently acquired collection in Gold, Silver, Copper, Zinc and Lithium.

  One of the major catalyst which can trigger redistribution of liquidity is on the chart above. We have a Sell signal in long term Treasuries. Maybe, our Treasuries Bubble is really ready to pop this time. Bear market, upcoming crash and Deflation are so much advertised now that it is time to take a contrarian approach again and take the side of the FED.

  As you remember, you can never find any investment advise on this blog - you are always welcome to read our travel notes - but today we have to warn you particularly. Our investment thesis has a one, but mortal flaw - if we are wrong and Deflation will beat the FED with Mr. Bernanke and his shareholders - we do not know what to do. And the most dangerous part of it is that it will not be important any more even for us. US Corp does not have a luxury of "lost decades" like Japan - it will be teared apart by internal and external forces, when the coming war will be seen as a relief even by the population sacrificed in it. It is history; but we will not go there.

  We will share one free, but very expensive advise here - before the end of the world, time will come to pay your bills and not once. Let's concentrate on our circle of competence: what we can change and try to position ourselves in case if somebody will manage to get all of us from headlines about Deflation and into the Inflation stage.

  We will be looking at the signs - footprints - left in the charts, volume and direction will be the confirmation of our ideas and you can always make your own opinion.

  FED is as Federal as Federal Express - it is a business, we are out of politics and will consider only the business opportunity. We think that the credit cycle is done and it is time to start the new one:

1. Credit expansion was finished during Lehman weekend. Liquidity has dried out and we had our hell in the basket. We were bailed out - if you did not received your cheque in the mail - you are reading this blog now.

2. Debt was cured by debt and US Corp has added 1 trillion of additional debt in a record time: just within few months. Total Public Debt outstanding now is over 13 trillion and we will not even go into the total outstanding obligations, which are over 100 trillion now.

3. In order to make all this exercise profitable you need that the system survived: after redistribution of property you need your debtors to be able to service their debts.

4. There is no point to run all this loan book at zero rate even at these magnitude: rates will go higher, in balance - not to kill those, who will be paying the interest.

5. Deflation will be defeated in this scenario by printing press or QE in the Twitter age.

6. US Dollar will be the victim.

7. In the end we all will pay for it - it is not the charity - even after some, hopefully, this time  targeted liquidity distributions to the population, price to be paid will be in inflation: diminishing purchasing power of US Dollar and cuts in Services (police, schools etc.) and Social Spending (pensions, medicare etc. (those another 100 trillion of US Corp. unfunded outstanding obligations above 13 Trillion national debt)).

8. During this exercise Treasuries Bubble will be popped and the shift in liquidity will drive other asset classes: FED will begin its "fight" against inflation.

9. Not everything will be going to the moon - the developed world could be in stagflation for a number of years: it is a period of anemic growth with rising inflation.

10. We need to position ourselves in places where liquidity will go in order to acquire the real wealth for its owners. Here, as Warren Buffett teaches us, we need to have a margin of safety - we need to go where all of the above will trigger bottlenecks on the Supply/Demand side and, ideally, could provide not only wealth preservation like Gold, but new technological solutions which will affect our economy as a whole and almost every individual - here our choices are Electric Cars and Lithium with Rare Earth Elements as the material base for this new technology.

  But back to our charts and do not forget: maybe you will see different picture there.

  On the chart above we have another powerful formation in case of confirmation of our Sell Signal in long term treasuries. TLT could be signaling the formation of a double top with a very strong reverse pattern, which means higher yields and lower treasury prices. It means that FED is ready to QE 2.0 Among the anecdotes from the market place, explaining this technical footprint in the market, we will mention:

1. China is selling Treasuries and buying into the Japan and Korean bonds.

2. Serious talk on CNBC about 100 year bonds.

3. Record low yields in treasuries with record high corporate cash balances.

4. Corporations like IBM and Johnson&Johnson among others issuing record low yield bonds and slashing their interest payments.

5. M&A activity in growth sectors: BHP and Potash, Dell and HP bidding war for 3Par, deals in the Gold sector and Lithium.

6. Record outflows from equity funds into bond funds. Investors are primed for another blood bath - this time in "safe" bonds.

7. China holding record amount of treasuries and US Dollar denominated assets is the interesting combination with idea of national security, but we do not bank on Crash - gradual collapse in US Dollar will do the trick: 7% inflation in the real terms will slash the debt by almost 50% within next eleven years.

 

"Jim Sinclair’s Commentary September, 8, 2010

The US dollar is teetering on the edge of a really ugly technical formation.
This time the round number of .8000 is not critical, but instead meaningless.
An approach to .8000 only means that .7200 and the old lows are coming into play"

  US Dollar above confirms this thesis with the same powerful double top formation. Here the most important fact is that QE 2.0 and stimulus 2.0 will be started from this point on US Dollar history line and with Gold at the record high on the chart below. FED has a number of ways to create necessary liquidity now and address Deflation scare:

1. Inflation by definition is the expanding monetary base: rising prices and declining purchasing power of the FIAT currency is the consequence. We have more money chasing the same amount of goods and services produced by the economy.

2. This time even official unemployment is too close to tipping point: stimulus 2.0 will be announced within next weeks and will address jobs creation.

3. There are numerous ways to give liquidity to particular households, even if banking system "hoarding the cash." Ideally liquidity should go into the productive hands of the middle class: they are buying goods and services and will be able to continue to service their debts further.

4. Payroll tax holiday - elegant solution, widely discussed now.

5. Bomb for elections and for the market: extension of Tax Cuts.

6. News today about R&D taxes - interesting in a sense that at least part of the money will be spend on the productive technological advance in ailing economy.

7. We are advocating here for Electric Cars as the basis for the new industrial revolution and creation of high tech manufacturing jobs in U.S. Program includes: federal and state tax rebates for EV buyers (existing), battery and EV developments DOE grants (existing), EV charging infrastructure development DOE grants (existing on a very low scale), comprehensive program to introduce electric cars on a mass market scale (bill is in the Senate), US Resource Development Corp. like Japanese JOGMEC to develop supply of strategic resources like Lithium and Rare Earth Elements (still not addressed apart from some slow motion movement in understanding this problem).

8. 50 billion Infrastructure Development Plan announced today, hopefully it will incorporate some of the above.

"The car is the second largest purchase after the house for the middle-class. It is never really an investment in contrast to the house (according to the logic before the Crash - a house was an investment). Electric cars allow to sell the second biggest item in the household "second time". Family gets an instant cash flow adjustment with electric cars economics: 2.5 cent cost per mile against 12 cents in conventional vehicle (CV). The government gets the opportunity to send money to consumers to fight the Deflation Death Spiral and take it away into the value food chain, hopefully belonging to the domestic production cycle.

The way of doing it - stimulus for production in order to bring prices down, like today, and direct Tax Rebates on purchases of EVs - which are already in place. With the GM Volt battery strategy, the price for EVs will quickly reach the same level as for a CV, and in this situation the Electric Car could become an investment in the household balance sheet as it will be producing "an alternative income" relative to cost of ownership of CV. Here is our "adjusted" cash flow. Third, why do we think it could happen at all? About it Obama, here."

  When Glenn Beck talks about Gold on Fox - we are getting cautious, when Jim Cramer screams Buy - we would run away just a few years ago. We are not in the first year of this bull, but fundamentals are still on its side.

"S&P Says US Should Act to Protect AAA-Rating: Report. This chart of long term treasuries looks very nasty - Gold smells this trouble - what will happen with the price of goods with unlimited supply? Economy gives no other choice than to Inflate pumping the liquidity by QE, and the US Dollar will be among the casualties."

  There is still a lot of power in this bull. Reversed head and shoulders formation has been resolved in the upside break out and now we have another potential break out with Cup and Handle formation.

"1. We are in a new Bull market territory, with Gold moving up against all FIAT currencies.

2. Corporate default was exchanged on sovereign one - all bailouts were not more than transferring obligations from failed banks and other Corporations to the public finance. Bonuses were left with bankers, losses were privatised with public. Now we have on outskirts of Europe with less than 4% of EU GDP fireworks, which are supposed to end Euro legacy in wain. But don't rush to trash the Euro yet. The sovereign default is very different from corporate one. If the debt is issued in local currency it could be always printed more in order to repay it. U.S. Corp. is living in this space for years, the UK is there and Europe will have to decide and move in support of Greece to prevent the run on the bank and collapse of the following PIIGS members.

3. Expect shakeouts, but the direction in Gold market is clear: further Up - driven by run from all FIAT currencies, rising interest rates, generational Bear market in Treasuries, negative real rates and expansion in monetary base (QE) with inevitable by definition Inflation. And we have to pray for it - we do not know how to survive in the dreaded Deflation Spiral should anybody made a mistake at a crucial turn.

4. First Gold will make new all-time high, second will be M&A play: Majors will shop for Juniors with resources in the ground. Here is the double-game - Gold is moving up and Majors' production and Reserve Base is going down. If you like more leverage you are welcome to Silver market. Place to be is in stories will strong management, growing resources and stable political situations. Markets will be volatile by all means and political tensions will be driving this Gold Bull as well."

  Next couple of weeks will be very important for Silver and Gold market: all announcements by Obama about new economic initiatives should confirm Bernanke's "We will use everything what is necessary". It should translate into sell off in treasuries, lower Yen against the US Dollar and lower US Dollar against the other currencies. Silver should break out to the upside above USD 20/Oz confirming Gold upside move. There is always a risk of open market operations in Gold and Silver markets to show that the FED is in control of inflation situation. It will provide another buying opportunity. Triggered selling addressing "lower risk of economic recovery" will be met by buyers diversifying out of FIAT currencies in the new credit expansion cycle. Word inflation first will come to you with your grocery bills and insurance premiums and later in the headlines. If you can understand Australian language you can check their press and BOA Cash Rate of 4.5% and Inflation which is already there with official 3.1%.

"Gold bears always mention Silver non-confirmation of the recent Gold Bull Run - and they are right up to the certain point. Gold performs its function as a real wealth preservation in both Inflationary and Deflationary environments. Silver, with its industrial usage in electronics, needs more conviction that the FED will win its battle against Deflation Death Spiral and Inflation will be in the headlines for years to come. It is time for us to write up on our Silver squad from our Summer 2010 Top Picks."

  Time is to come to the most important sector for us now - Lithium and Rare Earth Elements. We are using above SQM as a semi proxy for the sector. Stock shows very strong move to the upside this summer even considering deflation scare and dreadful August for the most markets. For us it is an indication that institutional money are positioning themselves in this sector.

"We have been proudly running Gold Bull for nearly ten years now: Gold first, than Majors and follow up on Junior side. We were always wondering about Future of Energy and have collected some great memories on Uranium Run, Solar and Water plays. Gold Bull has years to run, but we are searching constantly for new Macro trends - it is very interesting to find out what will be the next Bull which will come out of these rubbles in case we are right and Inflation will be the answer to the Deflation war scenario. It is time for Lithium to come into picture.

  Lithium is the leveraged play on Peak Oil and rising Oil price with coming Inflation. Sector is very small and market is even more smaller - everything is ready for the parabolic move in case of supporting fundamentals.

  Recent Oil Spill shows the real price for Oil and leaves no doubt for us that there will be no more cheap oil: offshore drilling is costly now, it will be even more costly later. Relatively cheap Oil is in the hands of state owned companies in not so friendly to U.S. places. Oil squeeze will come from diminishing production rates and rising Inflation. The move will be even more explosive than in the Gold market - in the end only minority of people is effected by the gold price even now, Oil is the underlining of all Western Energy Diet. It is not sustainable. Emerging markets are taking more and more share of world wide production, oil producing countries are spending more at home. If you account all cost to produce, deliver and protect Oil supply to U.S. corp the price is already above 150 USD/barrel."

Peak Oil theory moves from status of almost conspiracy theory and into the official government reports:

"Military Study Warns of a Potentially Drastic Oil Crisis

More on Peak Oil:
 
This year we have quite a few warnings already about Peak Oil from main stream economists, universities, US military and government agencies all around the world. The question now is not if, but when is it going to happen.

We have time still, but it is running out very fast. After a certain point in the oil price increase the only concern we are going to have about Electric Cars will be their availability on a mass scale to preserve our way of life and freedom."

  In the last weeks we had a very important confirmation of returning risk appetite and liquidity coming into the junior mining sector. Most of our Summer 2010 Picks have been breaking to the upside already, finally reflecting the fundamentals and catching up with Gold, Silver, Copper and Zinc prices and Majors' valuations. M&A deals like in Potash, Gold, Zinc and Lithium to name a few, will drive this process further. Junior mining companies are holding resources, which majors are ready to buy to keep up their production rate - trading premium for time and risk developing them.

  "As you know, we are going with our money where the supply chain begins in Lithium with Junior mining companies.

It's much more risky, but the reward is based on a very high leverage of exploration and development plays in these micro cap companies. If our investment thesis is wrong or we chose the wrong company, the end game will be brutal to our investment outcome - therefore you have to know what you are doing. Today we will discuss our lithium hit list below: all these companies are in the Byron Capital Lithium Index and we own these stocks or have owned them before. The game here is based on the combination of the rising price of underlining commodity (Lithium Bull this time), multiplied by the developments in this particular junior: exploration discoveries and resource definition with strategic partners involved and up to the M&A as it happened with Salares Lithium recently.

As usual, please do not forget that we do not provide any investment advise on this blog."

 

  As you already know, our top pick in Lithium space is TNR Gold with its coming spin out of International Lithium. You have Copper, Gold and Lithium in one portfolio of properties holding by this one company. Do your own DD particularly here - we have a position in the company - nothing should be taken as an investment advise here, we are biased, but you can still find a lot of information about the company on this blog.

  The company is followed now by Jay Taylor and Richard Mills. The stock is building its upward momentum from the recent double bottom this summer, and after announced developments on its major lithium brine project in Argentina. Insiders are buying more shares and the company is raising capital for its pre IPO financing. Investors coming on board will give us another hint on the future development of this company. The most important value play will be in TNR Gold's ability to position the International Lithium portfolio of properties among strategic partners in order to rapidly advance Mariana into development stage and make a consolidation of projects in Nevada for US based Lithium development play.

  Now Mariana becomes a very sizable project among other lithium brines in Argentina. Company talks about "New claim secures prospective land area for potential future processing plant facility" - management seems to be carefully considering its options before International Lithium spin out with major focus on Mariana lithium brine in Argentina. It will be very important to see investors coming on board in pre IPO financing. With recent M&A activity in the lithium space company has a very strong position to attract strategic partners from the A-list of lithium end users.

TNR Gold Corp.: 33% Increase in Project Area to 160 Square Kilometres, Mariana Lithium Brine Project, Argentina

"We have another hint into the recent M&A activity in Lithium space. Talison deal with Salares Lithium confirms real Chinese appetite for Lithium. Now it is time for Lithium Supply - China already controls 97% of Rare Earths market. Lithium output will be increased fivefold in Chinese Lithium province, but the real news is below from Reuters - it is only half of previously expected output and now Chinese companies are on the shopping spree among lithium developers. Who will be at the boardroom table next - only a few lithium brines plays are left without J/V partners and we are following here two of them: International Lithium and Rodinia Lithium. We expect M&A activity in lithium space to be continued during this summer months."

  Rodinia Lithium is an another junior mining lithium developer on our M&A screen. The stock was recently under pressure and is still in its consolidating pattern. Recently, the company's president has left the company and a few phone calls are warranted to understand the situation and who is backing the company now. The company is raising 5 mil announced financing and its portfolio includes lithium brines in Argentina and Nevada. It was recently on a media roll out promoting its story:

"One of the lithium exploration and development companies that is moving as fast as possible to capitalize on the burgeoning demand for lithium, particularly in the United States, is Rodinia Lithium Inc. (TSX: V.RM, Stock Forum).

The company’s President William Randall believes that a supply squeeze is on the horizon, and this 21st century metal will becomes an increasingly “strategic commodity” for the U.S. industrial sector. This is why Rodinia wants to help ramp-up future lithium supplies in the U.S. by developing America’s next prospective lithium mine."

We will remind you a few rules of a safe travelling. Always check the map and be sure where you would like to go. Never be in a rush, do your own DD, there are plenty of companies to chose from according to your appetite for risk and potential reward. Watch electric cars videos and spread the word, maybe a sticker on your car "I am waiting for my Electric Car" will be your best investment in our green future. You will not miss anything - we will report to you our travelling experience, chasing the bubbles along the way.

Related articles by Zemanta

• Lithium Bull: Rest before the Charge TNR.v, CZX.v, RM.v, LIT, LIT.v, TSLA, HEV, AONE, CLQ.v, WLC.v, ABN.v, HAO.v, FMC, SQM, (sufiy.blogspot.com)
• Peak Oil 2012 - Economic Collapse, Cities abandoned and Starvation inevitable as Oil runs out? TNR.v, CZX.v, RM.v, LIT, LIT.v, LI.v, CLQ.v, WLC.v, SQM, FMC, ROC, TSLA, NSANY, BYDDY, HEV, AONE, VLNC, FCX, BHP, RTP, TCK (sufiy.blogspot.com)
• EV mass market: Shanghai powers up EV hub with £2.8bn investment programme TNR.v, CZX.v, RM.v, LIT, LIT.v, TSLA, HEV, AONE, CLQ.v, WLC.v, ABN.v, HAO.v, FMC, SQM, (sufiy.blogspot.com)
• US Senate panel backs more electric cars, solar TNR.v, TSLA, CZX.v, RM.v, CLQ.v, WLC.v, LIT.v, LAT.v, HAO.v, HEV, AONE, NSANY, BYDDY, GM, F, RTP, FCX, (sufiy.blogspot.com)
• Lithium Drive: Tesla Investor Video DIRECTOR'S CUT TSLA, TNR.v, CZX.v, RM.v, LIT, LIT.v, WLC.v, CLQ.v, ORE.ax, AVL.to, RES.v, LUN.to, FCX, RTP, SQM, FMC, ROC, BHP, NSANY, AAPL, GOOG (sufiy.blogspot.com)
• Lithium on CNBC: T. Boon Pickens: Energy Plan for America. TNR.v, CZX.v, RM.v, LI.v, TSLA, AAPL, WLC.v, CLQ.v, LIT, LIT.v, SQM, FMC, HEV, AONE, VLNC (sufiy.blogspot.com)
• Electric Cars: Obama slips behind the wheel of the Chevy Volt TNR.v, TSLA, GM, CZX.v, RM.v, LIT.v, LI.v, WLC.v, CLQ.v, HEV, AONE, RTP, BHP, FCX, GOOG, (sufiy.blogspot.com)
• Salares Lithium and Talison Announce Merger to Create World's Largest Lithium Production Company TNR.v, LIT.v, CZX.v, TSLA, WLC.v, RM.v, CLQ.v, LI.v, (sufiy.blogspot.com)
• CNBC: Electric cars: Nissan Leaf and GE Charger on air today. TNR.v, CZX.v, TSLA, Li.v, RM.v, LMR.v, WLC.v, CLQ.v, HEV, AONE, RTP, BHP, F, GM, GOOG, (sufiy.blogspot.com)
• Lithium Drive: Fisker "Get Hot" commercial for Karma PHEV TNR.v, CZX.v, RM.v, TSLA, LIT, LIT.v, WLC.v, CLQ.v, ORE.ax, AVL.to, RES.v, LUN.to, FCX, RTP, SQM, FMC, ROC, BHP, NSANY, AAPL, GOOG, NSANY, BYDDY (sufiy.blogspot.com)
• Lithium Drive: Video: Translogic 5.1: Nissan Leaf TNR.v, CZX.v, RM.v, LIT, LIT.v, TSLA, BYDDY, NSANY, WLC.v, CLQ.v, SQM, FMC, AVL.to, (sufiy.blogspot.com)
• Lithium Charge: White House to highlight electric car developments TNR.v, CZX.v, TSLA, HEV, AONE, LI.v, RM.v, WLC.v, CLQ.v, LIT.v, LMR.v, FCX, RTP, GM (sufiy.blogspot.com)
• Video: Translogic tests Chevy Volt TNR.v, CZX.v, RM.v, LIT, LIT.v, TSLA, BYDDY, NSANY, WLC.v, CLQ.v, SQM, FMC, AVL.to, (sufiy.blogspot.com)
• Lithium Charge: Despite the Skeptics, We're Heading Towards Electric Avenue TNR.v, CZX.v, RM.v, LI.v, LIT.V, LMR.v, WLC.v, CLQ.v, TSLA, HEV, LIT, AONE (sufiy.blogspot.com)

Gold in Canada: Goldstone Resources: Premier Gold drills 16.5 m of 3.16 g/t Au at Hardrock GRC.to, PG.to, TNR.v, NGQ.to, SGC.v, AMM.to, VTR.to, MGN, ASM.v, EPZ.v, BTT.v, GBN.v, RVM.to

Updated August, 27th 2010.
We have one more sleeping beauty for our Summer 2010 collection - Goldstone Resources - Premier Gold is drilling Hardrock property like a Swiss cheese and pulling up one gold intersections better that the other every time, deposit will grow in its size by the next resource estimation. Why the stock is performing so miserably even with Gold at the all-time-high? Other shareholders maybe know the answer:

Things are boiling up in this junior, hopefully steam will be released soon with share price to the upside.

Goldstone director comments on exploration halt




2010-08-27 09:13 ET - News Release


Mr. Philip Cunningham reports



PHILIP CUNNINGHAM RESPONDS TO GOLDSTONE NEWS RELEASE REGARDING EXPLORATION DRILLING HALT



Philip Cunningham, a director and the largest shareholder of Goldstone Resources Inc., today questioned information relayed by the news release issued yesterday by Goldstone which announced that the company's geologists at its Key Lake property had resigned following Mr. Cunningham's delivery to Goldstone and its board of directors of a requisition for a special meeting of shareholders.



"At the outset, it is important to note that the news release was issued without being reviewed by, and without the approval of, the board of directors of Goldstone," Mr. Cunningham stated. "In addition, the decision to halt exploration drilling at the Key Lake property was not reviewed with the board. Unfortunately, this is common practice."



Mr. Cunningham added: "The clear intent of the Goldstone news release is to infer that the resignations of the contract geologists were caused by, or are somehow related to, the delivery of my requisition. This disclosure is highly misleading. I have been informed that the simple truth is that the contract geologists had raised certain concerns with management over a period of months which culminated in a meeting on Friday, Aug. 20, 2010, between management and the geologists. At this meeting, the geologists informed management that, if their concerns and frustrations were not resolved, they would resign. As a result, on Monday and Tuesday of this week, the geologists left the company."


Goldstone director Cunningham seeks director changes

2010-08-23 16:18 ET - News Release

Mr. Philip Cunningham reports

PHILIP CUNNINGHAM REQUISITIONS MEETING OF SHAREHOLDERS OF GOLDSTONE RESOURCES INC.

Goldstone Resources Inc.'s director and largest shareholder, Philip Cunningham, has delivered to Goldstone and its board of directors a requisition for a special meeting of shareholders, pursuant to Section 105(1) of the Business Corporations Act (Ontario). The meeting has been requisitioned for the purpose of removing Gary Conn and Alan Ferry from the board as well as to fill the resulting vacancies by electing Morris Prychidny, a financial consultant, and Paul F. Little, president of Westover Investments Inc.

Mr. Cunningham owns and controls 10,881,110 common shares of Goldstone, representing approximately 11.1 per cent of the outstanding common shares."

Premier Gold drills 16.5 m of 3.16 g/t Au at Hardrock

2010-08-25 10:21 ET - News Release

See News Release (C-PG) Premier Gold Mines Ltd

Mr. Ewan Downie reports

PREMIER - DRILLING CONTINUES TO EXPAND NEAR-SURFACE GOLD ZONES AT HARDROCK

Drilling continues to delineate significant near-surface gold mineralization in multiple zones at Premier Gold Mines Ltd.'s Hardrock project in Northwestern Ontario. Current drilling is focused on expanding and defining near-surface, open-pit-style mineralization, in addition to defining multiple zones of higher-grade mineralization that are expected to comprise resources amenable to underground mining methods. Highlights from recent drilling include:

The identification of two primary high-grade lenses within the NN zone horizon. Intersections in the newly identified East lense have returned up to 13.05 grams per tonne gold (g/t Au) across 4.1 metres (m) or 0.38 ounce per ton across 13.5 feet.

Infill and expansion drilling further defines the EP zone (open pit) target, with intersections of up to 3.16 g/t Au across 16.5 m (0.09 ounce per ton across 54.1 feet), 7.1 g/t Au across nine m (0.21 ounce per ton across 29.5 feet) and 5.43 g/t Au across 10.2 m (0.16 ounce per ton across 33.5 feet).

Deep drilling in the North and F zones continues to intersect impressive gold values, suggesting excellent resource potential proximal to and below existing mine workings. Further results from this drilling are expected in the near future.

NN zone drilling

The near-surface portion of the NN zone has now attained a strike length of approximately 600 metres. Recent drilling has been focused on defining narrower, underground-style mineralization down plunge and at depth below the previously announced, near-surface, NI 43-101 resource estimate at Hardrock. Of particular significance, drilling has identified two lenses of higher-grade gold mineralization, both of which remain wide open for expansion. Highlight intersections include 13.05 g/t Au across 4.1 m (0.38 ounce per ton across 13.5 feet) in hole MM160 from the new eastern high-grade lense that was identified when following up a previously drilled intersection of 4.93 g/t Au across 10.5 m (0.14 ounce per ton across 34.4 feet), and previously announced intersections within the main NN zone that returned 22.97 g/t Au across 24.8 m (0.67 ounce per ton across 81.4 feet) and 8.14 g/t Au across nine m (0.24 ounce per ton across 29.5 feet). Follow-up drilling down plunge of these intersections is under way. New drill results from the NN zone are contained in the relevant table.

Related articles by Zemanta

• Lithium Therapy: Richard Mills: Dow/Gold & Summer Doldrums TNR.v, CZX.v, RM.v, AMM.to, SGC.v, GRC.to, NGQ.to, BVG.v, BVA.v, ALK.ax, BTT.v, VTR.v, MGN, CGP.v, WLC.v, CLQ.v, LIT, TSLA, LI.v, AVL.to, HAO.v, ABN.v, (sufiy.blogspot.com)
• Canada Zinc Metals - Lawrence Roulston's Resource Opportunities CZX.v, TNR.v, LUN.to, BLS.to, CS.to, WRN.to, S.to, IMN.to, BWR.to, BHP, RTP, IVN.to (sufiy.blogspot.com)
• Gold in Canada: Goldstone drills 42.7 m of 2.28 g/t Au at Key Lake GRC.to, PG.to, GG, ABX, NEM, AUY, GDX, RGLD, HUI, XAU, BVN, FCX (sufiy.blogspot.com)
• Lukas Lundin's NGEX drills 13 metres 3.3% Cu at Aradaib prospect in Eritria NGQ.to, SGC.v, NSU.to, AUY, GG, FCX, BHP, TCK, LUN.to, CXZ.v, TNR.v, AMM.to, GRC.to, NEM, RGLD, RTP (sufiy.blogspot.com)
• US Dollar collapse and Gold: Will S&P finally pop the Treasuries Bubble? TNR.v, GRC.to, NGQ.to, SGC.v, AMM.to, VTR.to, MGN, ASM.v, EPZ.v, BTT.v, GBN.v, RVM.to (sufiy.blogspot.com)
• Gold and Copper in Africa: Sunridge Gold is on fire today: SGC.v, NSU.to, NGQ.to, CZX.v, TNR.v, RM.v, GG, NEM, FCX, AMM.to, GRC.to, RVM.to, MGN, VTR.to, (sufiy.blogspot.com)

Gold in Africa: Sunridge Gold drills 52 m of 0.97 g/t Au at Adi Rassi SGC.v, NSU.to, NGQ.to, NEM, AUY, GG, ABX, GDX, SLV, HUI, XAU, FCX,

"If you are still wondering why we have so much debt, read couple of books about the FED and this article below will be a very good introduction. This understanding will give you more clues on the nature of Gold and why it is heading much higher from here."

Sunridge Gold drills 52 m of 0.97 g/t Au at Adi Rassi


2010-07-06 08:14 ET - News Release

Mr. Michael Hopley reports

SUNRIDGE GOLD REPORTS 52 METRES OF 0.97 G/T GOLD AND 0.62% COPPER AT ADI RASSI, ASMARA PROJECT, ERITREA

Sunridge Gold Corp. has released results from reassays of drill core from four diamond drill holes conducted by a previous operator at the Adi Rassi copper-gold prospect within the Asmara project in Eritrea. The holes were drilled by Golden Star Resources in 1996 at Adi Rassi, but only short select intervals of the core had previously been sampled and assayed. Adi Rassi is located within the exploration areas and is part of the joint venture exploration financing agreement with Antofagasta Minerals SA.

Highlights from the reassayed drill core from Adi Rassi include:


20.0 metres (from 116.0 m to 136.0 m) of 0.09 gram per tonne gold and 0.90 per cent copper in ARBH-1 and 8.0 m (from 160.0 m to 168.0 m) of 0.15 g/t gold and 1.02 per cent copper;


24.0 m (from 90.0 m to 114.0 m) of 1.43 g/t gold and 1.34 per cent copper in ARBH-2, including 14.0 m (from 100.0 m to 114.0 m) of 2.39 g/t gold and 1.86 per cent copper;


52.0 m (from 86.0 m to 138.0 m) of 0.97 g/t gold and 0.62 per cent copper in ARBH-3, including 8.0 m (from 114.0 m to 122.0 m) of 2.97 g/t gold and 0.85 per cent copper;


14.0 m (from 102 m to 116.0 m) of 0.13 g/t gold and 1.06 per cent copper in ARBH-4 and 2.0 m (from 186.0 m to 188.0 m) of 0.52 g/t gold and 2.03 per cent copper.

Results are expected at the end of July from the recently completed drill program by the Sunridge/Antofagasta joint venture at Adi Rassi (see Stockwatch from May 12, 2010), which consisted of four holes totalling 1,243 metres of diamond drilling.

Based on recent detailed geological mapping and sampling, Adi Rassi is now considered to be a potentially large and continuous zone containing significant copper and gold mineralization. Consequently the Antofagasta/Sunridge joint venture has now completed a geological-mapping-and-sampling program of Adi Rassi, and the results show that alteration associated with copper mineralization can be seen at surface in a zone that measures about 80 m wide along a strike length of approximately 500 m. This mineralized zone is associated with a major shear zone that trends northeast for over three kilometres.

During the 1930s, the Italians mined Adi Rassi by excavating 10-metre-to-20-metre-deep pits along the shear zone to mine oxide copper, most of which was focused in the mineralized South Hill zone.

The Adi Rassi copper/gold prospect is located about eight km southeast of Sunridge's 100-per-cent-owned Debarwa high-grade copper/gold VMS deposit. The copper and gold mineralization at the Adi Rassi prospect is associated with quartz veins and breccia zones along a major shear zone that trends northeast and dips steeply to the west. This mineralization is mainly hosted in strongly foliated and distorted altered mafic volcanic tuff and flows.

A quality assurance/quality control program was part of the sampling program on the Adi Rassi copper-gold prospect. This program includes chain-of-custody protocols, as well as systematic submittals of standards, duplicates and blank samples into the flow of samples produced by the sampling.

Samples were prepared at African Horn Testing Services (Eritrea) and analyzed at Genalysis Laboratories (a NATA-registered laboratory) in Perth, Western Australia.

The results of the Adi Rassi copper-gold prospect sampling program have been reviewed by Michael J. Hopley, the qualified person for Sunridge. Mr. Hopley is also the person responsible for preparation of the technical information contained in this news release and is president and chief executive officer of Sunridge.

We seek Safe Harbor."

SAI: Is America Really Free, If A Privately-Owned Central Bank Controls Our Currency And Runs Our Economy? TNR.v, GRC.to, SGC.v, RVM.v, ASM.v, NGQ.to,

"US Dollar is tired and its levitation could be well over: it is the only hope for the markets to stay above the water - Bernanke's Helicopters are coming... We are at the crucial technical levels on S&P, DOW and other markets, massive intervention today in FX market blew away US dollar Bearish Flag pattern into crash below MA50, Euro Shorts were burnt alive. Markets need to be popped up by any means now, banking system will not survive a Double Dip."

If you are still wondering why we have so much debt, read couple of books about the FED and this article below will be a very good introduction. This understanding will give you more clues on the nature of Gold and why it is heading much higher from here.

SAI:

"Is America Really Free, If A Privately-Owned Central Bank Controls Our Currency And Runs Our Economy?



Michael Snyder Jul. 5, 2010,


This weekend we celebrated America's Independence Day. But are we really a free nation? The truth is that it is really hard to argue that we are "free" when our currency system and our economy are run by an unelected privately-owned central bank.

You see, the truth is that the U.S. government does not "print money" whenever it wants. Under the current system, in order to get more U.S. currency, the U.S. government has to borrow it. The Federal Reserve creates the new currency out of thin air and then either keeps the "U.S. Treasury bonds" they get in return from the U.S. government or they sell them off to others. But what kind of sense does that make? Why does a "free government" have to go into debt to print its own currency? It is the U.S. government that should be printing U.S. currency - not a privately-owned bank called the Federal Reserve.



The truth is that the Federal Reserve is about as "federal" as Federal Express is. And no unelected private central bank should be "running" our economy. Actually the free market should be running our economy, but if anyone is going to run it, it should at least be the government that we have elected. But instead we have a group of unelected bureaucrats making our interest rate decisions, determining our money supply levels and deciding which of their friends get big bailouts. That isn't the American Dream! What kind of "democracy" and "freedom" is that? The sad truth is that as long as we allow an unelected privately-owned central bank to run our economy we will not be truly free.

The reality is that the Federal Reserve desperately needs to be audited. The Federal Reserve has never undergone a true comprehensive audit since it was created back in 1913. The truth is that we have very little idea of what is really going on inside that institution.


And yet they control our currency and our economy.

U.S. Representative Ron Paul had introduced a bill that would have mandated a comprehensive audit of the Federal Reserve, but it has now officially been defeated.

Ron Paul’s proposal to audit the Federal Reserve, which had previously been co-sponsored by 320 members of the U.S. House of Representatives, failed by a vote of 229-198.

Every single Republican in the House voted in favor of the measure, and even 23 Democrats crossed the aisle to vote with Republicans, but it was not enough.

You see, the Federal Reserve convinced 122 Democrats who were originally co-sponsors of Ron Paul's proposal to jump ship and vote against the measure.

It was truly a sad day for America.

Ron Paul has released a video expressing his disappointment over the defeat of the "audit the Fed" provision....





Congress just can't seem to do anything right these days.

What in the world is so threatening about actually getting to see what is going on inside the Fed?

After all, they print all of our currency and they basically run our economy.

Don't the American people have the right to examine what is going on?

Well, apparently the Democrats do not think so.

How "free" can we be when a private central bank has so much power over us and yet we cannot even examine what they are doing or how they are doing it?

In fact, Ron Paul told MSNBC that he believes that the Federal Reserve is more powerful than Congress.....

"The regulations should be on the Federal Reserve. We should have transparency of the Federal Reserve. They can create trillions of dollars to bail out their friends, and we don’t even have any transparency of this. They’re more powerful than the Congress."

When we allow such powerful institutions to rule over us without any kind of accountability whatsoever, we dishonor the sacrifices that our founding fathers made to give us liberty and freedom.

As we celebrate July 4th, let us reflect on the extreme sacrifices that those who came before us were willing to make.

The following is a piece entitled "The Price They Paid" by an anonymous author....

Have you ever wondered what happened to the 56 men who signed the Declaration of Independence?

Five signers were captured by the British as traitors, and tortured before they died. Twelve had their homes ransacked and burned. Two Lost their sons in the revolutionary army, another had two sons captured. Nine of the 56 fought and died from wounds or hardships of the revolutionary war.

They signed and they pledged their lives, their fortunes, and their sacred honor.

What kind of men were they? Twenty-four were lawyers and jurists.Eleven were merchants, nine were farmers and large plantation owners, men of means, well educated. But they signed the Declaration of Independence knowing full well that the penalty wouldbe death if they were captured.

Carter Braxton of Virginia, a wealthy planter and trader, saw his ships swept from the seas by the British Navy. He sold his home and properties to pay his debts, and died in rags.

Thomas McKeam was so hounded by the British that he was forced to move his family almost constantly. He served in the Congress Without pay, and his family was kept in hiding. His possessions were taken from him, and poverty was his reward.

Vandals or soldiers or both, looted the properties of Ellery, Clymer, Hall, Walton, Gwinnett, Heyward, Ruttledge, and Middleton.

At the battle of Yorktown, Thomas Nelson Jr., noted that the British General Cornwallis had taken over the Nelson home for his headquarters. The owner quietly urged General George Washington to open fire. The home was destroyed, and Nelson died bankrupt.

Francis Lewis had his home and properties destroyed. The enemy jailed his wife, and she died within a few months.

John Hart was driven from his wife's bedside as she was dying.Their 13 children fled for their lives. His fields and his grist mill were laid to waste. For more than a year he lived in forests and caves, returning home to find his wife dead and his children vanished. A few weeks later he died from exhaustion and a broken heart. Norris and Livingston suffered similar fates.

Such were the stories and sacrifices of the American Revolution.These were not wild eyed, rabble-rousing ruffians. They were soft-spoken men of means and education. They had security, but they valued liberty more. Standing tall, straight, and unwavering, they pledged: "For the support of this declaration, with firm reliance on the protection of the divine providence, we mutually pledge to each other, our lives, our fortunes, and our sacred honor."

US Dollar Collapse: SAI - Jeff Gundlach's Complete Guide to U.S. Debt Default TNR.v, CZX.v, AMM.to, ASM.v, KTN.v, MGN, GBN.v, VTR.v, GRC.to, NGQ.to,

Dear Deflationists, Please Do Not Mess With The Fed!

US Dollar is tired and its levitation could be well over: it is the only hope for the markets to stay above the water - Bernanke's Helicopters are coming... We are at the crucial technical levels on S&P, DOW and other markets, massive intervention today in FX market blew away US dollar Bearish Flag pattern into crash below MA50, Euro Shorts were burnt alive. Markets need to be popped up by any means now, banking system will not survive a Double Dip.

We are not alone: California is so much closer than Greece, it is 8th largest in the world and it is bankrupt now. What Green Fellow gonna do now? It's destiny is predetermined - and it is to go down.

"CS. It is time for us to sharpen our pencil and put a few lines together about socio-economic events of this week which will have far reaching implications on our way of life. We will speculate on the real events behind the scene on a day of Cyber Meltdown: spectacular Dow Crash by the magnitude of 1000 point in fifteen minutes. We will develop a very strong argument in favour of Inflation and its cost based on PhD Thesis: At what point price of Oil becomes prohibitive to use Helicopters by Ben Bernanke in his open market operations. We will draw some lines on How Lithium, Gold and price of Oil are connected and what it means to be grounded. In the end we will leave you with the question: Where to invest - In Ben Bernanke, Ink Factory, Helicopters, Oil or Gold and Lithium?"



SAI:

Jeff Gundlach's Complete Guide To The Inevitable American Debt Default