International Tower Hill Mines is definitely one of my favorites.
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Since visiting the Livengood Project; getting to know the management team; and, understanding this deposit I have become a real fan of International Tower Hill Mines. I am not suggesting that you buy or sell this stock, Just telling you what I have done.
ditto wyn
yea isn’t this crazy , everyone is piling into the s&p, ive read a lot of articles, I don’t think anyone saw the extent of this ,i know I didn’t . I am so beaten may as well go to the end…………………..
That’s the spirit big Al!!
ITH has as huge resource that will be picked up in a JV or Major Takeover in the near future. Once the Feasibility Study is done in Summer they’ll be marketing their property to the companies that have shown an interest. The stock price has been beat down in the gold selloff but the true value is 3 x 5 times where it is now, so looks like a good time to load up on it.
I think lithe problem with a lot of conspiracy theorist is that they would rather believe in some evil entity that is in control as opposed to the scarier thought that no one is in control. I think they take comfort in knowing that someone is at least in control, even if they are evil. This is better than the alternative that we have lost control, more accurately never had control. Do you really think all these evil people with competing agendas are all working in harmony? They all have mutually exclusive goals. It is like during the civil war, both sides thought God was on their side. As Lincoln said, God could be for one side, or he could be against both sides, but he can’t be for both sides. I would suggest if you are going to be for mass manipulation it is going to wreck havoc on your thinking and psyche. You will not think straight. As a horse handicapper I came across this same situation at the race track – horses on steroids, being doped, jockeys pulling back on horses, trainers giving milkshakes… If I let this pervade my thinking I would have been an utter failure. Instead I came to the conclusion that if there was cheating I was equally as likely to bet the horse that the cheating was favoring as it likely I would bet the horse that cheating was not favoring. In other words it became a mute point and a non event. If the evil bankers are in control and manipulating it down now not on your favor, then these same evil bankers can just as easily manipulate it up in the future in your favor. Who knows? Bottom line if this is going to be your mindset I would do yourself a favor and get out of gold. Maybe,go to the track and get some fresh air and blow off some steam…
James, nice missive. Now, can ORB when the Triple Crown?
Paul van Eeden just gave gold a fair value of $900 an ounce. He says it is still over valued. What are we to make at that? WOW. Talk about depressing. How you supposed to make money in gold. This is starting to sound like the worlds worst asset. How on earth are you able to put a value on gold? 10, 9, 8, 7,….
I recall that Paul van Eeden was saying that fair value for gold was $740 when it was about $400 or so, based upon money supply figures and US gold reserves since the 1940s. He had a clever idea of suggesting that the $35 gold price was too high in 1935 and too low in 1970, based on gold movements into and then out of the USA. He took the point at which the gold reserves were a maximum as the turning point from over to under valuation, then calculated fair value from that point on using his money supply figures. Real smart.
I find it difficult to believe that gold was worth $740 in 2004 or so and only $900 now after all the money printing. However, it would not surprise me much to see three figures on gold this or next year, at least for a short time. 🙁 However, maybe things will change for the better and pre-empt that scenario.
Sold a couple of Krugerrands today. £916.75 GBP (sterling). The last one I sold for £1022.50. Been draining my reserves since the top. Got £1290 net for a middling grade earlyish date $20 Liberty too, after various auction fees. Now, I am annoyed because the last 2 Krugers fetched less than 1000 GBP. However, they were purchased for 225 GBP each back in 2002, so the return on the trio is 4.2x or +320%, even in this dreadful correction.
I wish I had sold a lot more near the top which was about 1170 GBP (at $1920) but there you go.
Fed has printed the money but money supply is relatively the same as 20 years ago. So whatever “money” or derivatives lost during the housing bubble from bank’s coffers, Fed just replenished it…Its that simple.
Our money supply is still constant, so money printing is a mute point.
I would just add that the money supply is constant because the money printing starting with TARP in the US is still held up in the banks and has not been circulating, and same overseas. The banks just paid down their debt with it and held onto it, and that is what is rarely mentioned except by peopel like Peter Schiff. The real inflationary effects will not be felt until the dam breaks with the banks and all the printing actually shows up in circulation. I hear money experts on TV and internet proclaiming the inflation never came, but they rarely make the connection that the banks are hording it and eventually the waiting game will hit, people will be caught with their pants down, and then the final leg of gold & silver’s bull market will kick in high gear.
Hey Marc – good to hear from you. Not a chance my friend. I think I am going to step away from gold and write a book on handicapping. Starting to feel at least I would be on surer ground!
Go for it!
I`ll make money even at $500/oz in gold, because my chemical process is a cheap way to go in producing precious metals——sorry banksters you won`t get my gold/silver/PGM either. But I think that these banksters are the biggest crooks I`ve bet I`ve ever seen. With Obama hooked up with these crooked Banksters and no way in hell ever to try the Banksters for FRAUD. its never going to happen these too big too fail bankers will ultimately bring the whole house of cards down ie., the bond market crash will have taken place is what`s keeping the Banksters out of jail. That`s why there is no prosecution for any type of FRAUD so far, except to the little guys. Like the few who committed fraud in Florida, and that was a case from last year in the dept. of justice between about 8 indivduals. The Banksters/Bankers like the big boys they are involved in committing our military in going after countries that are considered as Rogue element, they fund the very terrorist networks that we are presently supposely going after in the 1st place, so both GW Bush & Obama & the neo-cons are all guilty of war crimes, and are themselves working with the bankers hand & hand. The Banksters want all the loot in those other countries as well as screwing us the gold bugs and buying the precious metals and base metals such as copper etc., for near nothing prices. Its the Hunt brothers scheme all over again but in a gaint scheme to defraud the world of property of every type. Hey its grim, but thats what I believe. Greed is it…….
Obama can not try, them for Fraud,,,,,he is a fraud himself,,,,NO BIRTHCERTIFICATE BARRY…….
Good grief. Give it a rest, man.
BIRDMAN…..YOU ARE THE ONE WHO NEEDS TO GIVE IT A REST……
You and BARRY must be BIRDS OR A FEATHER WHO STICK TOGETHER….
You have not done your homework,,,or at best are great at deception…
come on back with you great comments I am sure you will have a great one….
You know it is always funny…..that truth always comes out ,,eventually…..
I think you would consider the latest information…..Concerning the IRS targeting..TEAPARTY, AND JUSTICE DEPT.(or lack there of)….and the CURRENT politians…be they DEMO OR REPUB….how concerned with the “rights and freedoms” of the American citizen…..The govt. has shown by it’s actions that they are corrupt, and controlled by a few……..A birth certificate issue , is only part of this “cover up”…..I am sorry for your lack of understanding and hope ,,,some litev, opens your eyes before it is to late for you………….
oh,,,,,with all due respect…………………
International Tower another worthless junior company. The fate of such low grade deposits largely hinge on gold going up to $3000 which won’t happen in our life time, and I’m still in my 30’s.
Industry as a whole have to find projects and bring down costs below $500 an ounce.
The problem with gold is that it doesn’t have any real uses apart from as a store of value and jewellery. That means that it is completely dependent on sentiment, because even if you don’t like oil, uranium, corn, or even silver, they are still useful commodities. I hear a lot about “money printing” but it’s not money printing is it? It’s credit creation and it was created to fill a credit hole. Until the money velocity picks up commodities will go down and it’s only sentiment that is keeping gold up. So when the sentiment is bad then look out below. Thus all the traders piled into stocks and all the gold bugs caught holding the bag,crying on the side because the rest of the world doesn’t worship in the church of the gold bug. I’ve been criticised on here before for saying that you need a balanced view and then told by someone “gold is money”. Sorry friend but you have been listening to James Turk’s broken record for too long. Gold is NOT money. You cannot pay for goods and services with gold any more. It is a store of value, but so is housing, land, soft commodities, ETFs, apple shares, Disney stock etc etc. In order to buy something with gold you have to first convert it into currency so it’s no more money than anything else that has to be converted into currency. Is it manipulated ? probably yes. Is it rigged in favour of the big banks? Probably yes Will it go up again? probably yes. Could it go down again? Probably yes. The point is that Warren Buffet is far richer than anyone reading this thread so who’s right and who’s wrong? Always take a balanced view.
Hey Greg, Other than myself,i don’t ever remember another Greg posting on this sight.So there is no confusion,and am a fan of James Turk, i will now post as Greg J. Cheers
What happened to Canasil? Did Al Korelin sell his stake? Did he own it?
It sure has taken a beating the last couple of weeks.Hugh volume in CAY today.Does anyone know what’s up ??
Gold is doomed if that is a good enough answer. The tea leaves tell me it is so. We don’t even need to pretend that a big parabolic move lies ahead when it is becoming crystal that it is now behind us. Better to move on or short the damned thing for profit.
Actually its kind of a dtupid answer!!
Sorry..meant..stupid..
So does Al own any CSL? (Canasil?)
have come to the realization that the 5000 lbs gorilla, better known as ‘bernak and lying banksters’ will pound and pound until no one is left in the pm market but them. never thought, in my lifetime I would see this kind of theft and lying. they will never get my pm nor my weapon. best to each of you!
‘simply said’
wyn harter