Interesting read What Investors Need to Know About Gold & the Mining Shares With continued volatility in gold and silver, today King World News interviewed 25 year veteran Caesar Bryan. Gabelli & Company has over $31 billion under management and Caesar Bryan has managed the gold fund since its inception in 1994. Caesar addressed the mining shares, but first, here is what Caesar had to say about what is happening with gold: “You know we’ve seen these type of corrections in this gold bull market before, Eric. This reminds me a little bit of 2008, in the sense that there was this selling of quality assets across the board, in an effort to raise dollars.” Caesar Bryan continues: “The background of all of this has been the possible disruption in the eurozone by Greece exiting the euro or some other type of credit event taking place. On top of that it is a seasonally weak period for gold. There were issues in India on the physical off-take (because of the tax). Also, as the dollar has gained strength, the knee-jerk reaction is for gold to come down. As gold has breached key technicals, you’ve had traders selling and shorting more.... “The fundamental story for gold has not changed, and if it has, it has changed for the better. There is simply too much debt, both here and in Europe. In this environment of too much debt, you are faced with defaults on one hand or money printing and inflation on the other. Both scenarios are positive for gold, but we have to endure these sharp pullbacks. Caesar also Added: “Clearly, Eric, we’ve seen a big decline in the value of gold equities. Yesterday I was reading a piece by Don Coxe, a well known strategist. In his note he did a calculation on how much gold one can buy with $1,000 in the gold ETF versus what can be purchased with some mining companies. Based on the prices a few days ago, so it’s more extreme now, but with $1,000 you can buy .62 ounces of gold in the ETF. If you buy $1,000 of Goldcorp shares, you get 4 ounces of gold. With El Dorado, an intermediate company, you get more than 5 ounces of gold. With a smaller producer like Perseus Mining, you get nearly 7 ounces of gold. So, you can get up to 7 ounces of gold for $1,000, or .62 ounces through the ETF. Clearly he wasn’t making a recommendation on these stocks, he was just bringing to attention the tremendous value in the gold equities as a group. I thought that was interesting. Also, as we’ve said for some time, in the gold equities you also have potential for income through dividends. Even at today’s gold prices, Newmont Mining stated they would pay a dividend of $1.20. With gold over $1,600, they’ve committed to a dividend of $1.40. Click link to continue reading... [link]%26_the_Mining_Shares.html

Tau Group Report Most on here are aware that we have some 1m oz of gold equivalent in El Salvador but that there is a moratorium on mining in that country. The Tau Group was commissioned to report on the feasibility of mining in El Salvador and they delivered their report to the government last September. I don't read Spanish very well but there is a brief summary of the report at[link] a link to the whole report, in Spanish, which can be downloaded. TheRationalist

jonnycacheking just waiting 4the footy to start,watching owt till then and your spot on,march,april plus may for safe measure.... dont know about the grizzlies though...lol....you watchin doctor dolittle on ch5?....

langyy what ...bit late for that series...the time to be out was in March/early April....lol good weather in March meant the bears came out of hibernation early...lmao

So sheet metal lad...you helping mini and nissan export more wheels?? Or are you minding the flock...lol

jonnycacheking lol....

Markets Current climate= cash is king!!! Unless the opportunity is to good to miss.... Short term...

langyy Very Very wise mate..Im slowly cashing in parts of my portfolio....There are going to be some big bargains in the very near future and if we have the cash ready we could make alot more!!..GL.

Stan/Langyy Stan yes this is something i have problems with. As an investor you always want more but im getting better! Haha and langyy iv got everyone reminiscing of the 10p days and the times we had significant rises daily.. those times will be here again. I am more sure of it in this company than i have been in any other company iv invested in.. Time will tell! GLA. CNR till i die / till i make a nice wedge haha

rbheath now look what uve started...lol...