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Gold Hits New All-Time High – Grandich Says Close Above $1,070 Is Bullish

Posted by AGORACOM at 12:31 PM on Tuesday, November 3rd, 2009

Gold is absolutely breaking out today.  I can talk about it but a chart is worth 1,000 words … or $1,078 per ounce.


[Most Recent Quotes from www.kitco.com]

[Most Recent Quotes from www.kitco.com]

Members of AGORACOM know we’ve been calling for this kind of action for a couple of years now.  Hence, why I started my Gold $1,000 blog posts.  If you’re now a believer in gold, make your way over there to find out about great gold companies and other commentary.

More importantly, AGORACOM Chief Commentator, Peter Grandich has been calling this gold breakout for several hundred dollars now.  He has been unwaivering and uncanny.  In our most recent Friday night show, he stated that $1,020 or $1,070 were buy signals for him … and here we are less than two trading days later.

In a post made just a few minutes before this one, he stated:

In the face of a rising U.S. Dollar and a vast majority of either outright bearish
or weak-knee bulls, gold has just vaulted up to a new, all-time nominal high.
The fact that India has already bought half of the entire amount of gold the IMF
is selling is definitely a major plus.

The bears are in big, big trouble.

For those of you that are yet to discover Peter Grandich and his uncanny market calls, just click here to be taken back to his home page.  His calls have earned his numerous appearances on CNBCFoxBNN,Wall Street Journal, and every other major media source in North America, so you should take the time to read what he has to say.

Finally, if you need one place to keep up with a consolidated view of Spot, 24-hour, 30-Day and 1-Year gold prices, make sure to visit and bookmark our gold price page.

Regards,
George

New Dawn Mining (ND:TSX) Receives US$2.24 Million from Sale of Reserve Bank of Zimbabwe Bonds

Posted by AGORACOM at 4:01 PM on Monday, October 26th, 2009

(ND:TSX)

It seems like Ian Saunders and his team over at (AGORACOM Client) New Dawn Mining can’t stop releasing the kind of great news investors look for in junior gold companies.

As always, assume I am horribly conflicted when it comes to our clients, so have a look at the highlights of this press release and the bullet point highlights below.  First, the headline: New Dawn Mining Corp. receives US$2.238 Million from Sale of Reserve Bank of Zimbabwe Bonds

Highlights Include:

·Receipt of US$2,238,000 from sale of RBZ Bonds

·Cash resources increase by approximately 90%

·New Dawn – A Zimbabwe gold producer with zero long-term debt, profitable operations and positive cash flow

Click on link below to read entire press release:

New Dawn Mining Corp. receives US$2.238 Million from Sale of Reserve Bank of Zimbabwe Bonds

Link to Hub / Link to Profile / Link to Forum

Congratulations again to Ian and the entire New Dawn Mining team.

Regards,
George

Record Quarterly Gold Production of 7,655 Ounces Announced By Castle Gold (CSG: TSXV)

Posted by AGORACOM at 11:11 AM on Wednesday, October 21st, 2009

With gold having firmly broken the $1,000 barrier, news of record gold production could not have come at a better time for AGORACOM client, Castle Gold Corp.   The company owns 100% of the El Castillo Gold Mine in Durango State, Mexico and and has been increasing production both annually and sequentially.  As with all clients, assume I am horribly conflicted about Castle Gold – but record quarterly production + annual and sequential increases are simply great factors that warrant a closer look at the company:

Operating highlights for the third quarter ended September 30, 2009 compared to Q3-2008 and Q2-2009, include:

  • New quarterly gold production record of 7,655 ounces of gold, a 65 percent increase from the year earlier third quarter period of 6.421 ounces and a 19 percent increase from the previous quarter (Q2-2009) of 6,421 ounces of gold produced.
  • New quarterly record for total tonnes mined of 2,594,800 tonnes of combined ore and waste, a 109 percent increase from the year earlier third quarter period of 1,239,500 and a 39 percent increase from the previous quarter of 1,862,300 tonnes mined.

To read the press release in its entirety please click on the link below:

Castle Gold Q3-2009 Operating Performance-El Castillo Gold Production Increases 65 Percent Compared to Q3-2008

About Castle Gold

Castle Gold Corporation is a growth oriented gold producer with projects focused in the America’s. The Company owns a 100% interest in the El Castillo gold mine in Mexico and a 50% interest in the El Sastre gold mine in Guatemala. Castle Gold is also advancing exploration and development work at its La Fortuna gold-silver-copper project in Mexico and at its El Sastre and El Arenal project in Guatemala.

Link to Hub / Link to Profile / Link to Forum
Congratulations to the entire Castle Gold team.
Regards,
George

New Dawn Mining Announces $US 2,779,000 In Gold Sales For Quarter Ended September 30, 2009

Posted by AGORACOM at 9:40 AM on Wednesday, October 21st, 2009

(ND:TSX)

AGORACOM client, New Dawn Mining, is no stranger to my blog thanks to their continued release of hard production and revenue figures from gold production.  Today is no exception thanks to the following press release New Dawn Mining Corp. Reports Gold Sales from Turk Mine in Zimbabwe for the Quarter Ended September 30, 2009.

Amongst other things, New Dawn reported that gold sales from gold produced and sold from New Dawn’s Turk Mine in Zimbabwe for the quarter end September 2009 totaled US$2,779,000.  Other highlights include:

  • Total gold sales of US$2,779,000 for the quarter ended June 30, 2009
  • 3,059 ounces of gold produced during the quarter
  • Average net sales price of US$956 per gold ounce
  • At September 2009 month-end, an additional 733 ounces or 22.8 kg’s of gold were awaiting export for sale in South Africa, and will be included in October 2009 sales
  • 100% of gold sales were received in US Dollars

As always, assume I am horribly conflicted about AGORACOM clients and read the entire press release:

Link to Hub / Link to Profile / Link to Forum

Congratulations to Ian and his team for a continued job well done.

UPDATE:  I’ve taken the liberty of embedding video of a recent interview with Ian Saunders at the Cambridge Conference recently.  Short, concise but great info.  Well worth the 5-minutes to watch it.

Regards,
George

Jim Rogers “Commodities Cycle Won’t Be Over For Years”. Gold Is Good, Agricultural Commodities Better

Posted by AGORACOM at 11:48 AM on Monday, October 12th, 2009

As you all know, the AGORACOM blog has been a big fan of Jim Rogers since we began publishing, so when he speaks, we listen.  Rogers was featured on Yahoo Monday morning and had some interesting comments on commodities that go far beyond gold.  I’d give you the highlights but I would be doing you a disservice by not directing you to watch the entire 5-minute video.

For those of you who simply don’t invest in commodities and don’t have the time to buy or expertise to buy sugar futures, physical gold, etc do not despair – Rogers advises that ETF’s are the best way to go for most investors.  To this end, he is most bullish on agricultural commodities.

Grab a cup of coffee, kick your feet up and watch the following:

Regards,
George

The Case For An 11,500 Dow – And Going Long On Gold

Posted by AGORACOM at 10:01 PM on Sunday, October 11th, 2009

AGORACOM Chief Commentator, Peter Grandich, believes we are in a secular bear market – but doesn’t believe it will resume until the Dow gets to at least 10,500.

My friend and Top 10 Financial Blogger Barry Ritholtz also believes we are in a secular bear market but sees the current rallying continuing until as high as 11,500.  In a must read post, he discusses the key factors that have been contributing to, and may continue adding to, the ongoing rally.  More than just lip service, I’ve provided 2 of his great data pieces to look atbelow .

At the same point, it should also be pointed out that both are bullish on gold.  Peter’s position is no secret – but Barry’s confirmation lends significant further support to gold bulls.  Specifically, Barry stated:

As I mentioned in an article this summer, you can look for a close of GLD over $100
and spot Gold over 1032 highs to get long or add to your position (Ideally,a close over 1050).

As we know, Gold smashed through both $1,032 and $1,050.

1]  Composite Of 29 Secular Bear Markets

I love this data because it is a compilation of 29 secular bear markets, as opposed to those that try and simply compare today’s markets to the Crash of 1929 – 1932.  Barry’s notes in the graph make his point very clear. “X” marks the spot that we are currently at:  (click on it to see a larger version if necessary):

2]  11,500 As The Typical Recessionary Sell Off Point

Barry demonstrates that 11,500 was the level we should have reached for a typical recessionary sell off – and that the next 5,000 points was the “end of the world” panic sell-off.  As such, we should get back to 11, 500 before real resistance starts to settle in.  Again, click on the chart for a larger image:

OK, then.  See you all at 11,500.

Regards,
George

Markets, Money and Life With Grandich and George – October 9, 2009

Posted by AGORACOM at 3:45 PM on Friday, October 9th, 2009

Good afternoon to you all and hope you’re preparing for a great weekend. We especially want to wish our Canadian friends a safe and happy Thanksgiving Weekend!

Please find enclosed our next installment of Money, Markets and Life With Grandich and George . We covered some great topics in just 20 minutes including:

  • Reported rumours this week of plan to remove the $USD as the currency of oil
    • Possible implications for a war between Israel and Iran
    • Possible implications on the $USD and Gold
  • Jim Rogers call for $2,000 gold
  • Answering several questions posted by you earlier today on the blog.

Without further adieu, here is this week’s show.


For those of you whose Flash player isn’t up to snuff, here’s the MP3:

DOWNLOAD THE SHOW

For those of you who want to download the show automatically, it has now been approved by Apple and available for download via iTunes. In addition, the show has it’s own podcast section on smallcappodcast.com. The latter also contains an RSS feed for those of you that want to syndicate the show on your site.

Have a great weekend and looking forward to your comments.

Regards,
George

In Celebration Of Gold $1,000, 16 Great Gold Juniors For You To Choose From

Posted by AGORACOM at 3:11 PM on Wednesday, October 7th, 2009

Back on September 9th, when Gold firmly crossed over $1,000, we posted our first “In Celebration Of Gold $1,000 Post, 15 Juniors For You To Choose From“.   It was spurred on by the amount of buzz created by those seeking to invest in good gold stocks.   For example, world-renowned small-cap trader and “stock guru to the little people”Timothy Sykes – immediately posted the following to Twitter at 7:30 AM that morning:

TimothySykes Gold Request

With gold now trading closer to $1,050 and waving bye-bye to the fading $1,000 level, I anticipate more requests like this would come in from all over the web, so I’ve update the list for all those investors who are now seeking great gold juniors.

I’ve put together a quick snapshot of 16 gold stocks / AGORACOM Clients. Yes, assume I am horribly conflicted and do your own homework.

I’ve listed the companies alphabetically to avoid any appearance of preferential treatment. You have some grass roots companies, as well as, some cash generating producers in here, so be sure to look through the entire list and find the one that best suits your investment needs.

What is really great about these junior gold companies is they are completely accessible to questions from online investors. You post questions to their HUB and get an answer in less than 24 hours – and usually the same day. That should give you an early indication as to the confidence of these companies. I’ve provided a link to each company’s HUB and electronic shareholder forum.

If you have already committed to making gold stocks a part of your longer-term investing plan (longer than the end of this week), then you’ll also want to utilize the following helpful resources that I have set up:

Gold Prices Page – Consolidated view of everything from spot prices to 1-year charts.

Gold $1,000 Blog Posts – Anytime I post something about gold, I add it to this category for ease of use. You will note that we have been calling for $1,000 gold for a couple of years now. Our Chief Commentator, Peter Grandich, has been interviewed in WSJ, CNBC, Fox, BNN, Marketwatch and almost every other major media source for his uncanny gold calls over the past 3 years.

I hope you will find this list helpful and I look forward to any comments you may have.

Regards,
George

(AGX: TSX-V)

Anomalous Gold Values Confirmed in Drilling and Surface Sampling over a distance of 500m at the Loveland Project.

The Loveland property is located in one of the largest gold camps in the world with total combined production exceeding 68 million ounces. Amador recently discovered high grade gold at surface in addition to their existing historical base metal resource.

Link to Hub / Link to Profile / Link to Forum

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NI 43-101 Resource Estimate on the 257 Level on its Kenville Gold Mine of 250,845 ounces of gold measured indicated and inferred

The Kenville Gold Mine has 6 levels with the main production levels known as the 257 Level and the 275 Level. The 257 Level has a NI 43-101 report under review with a resource of 590,518 tonnes and 250,845 ounces of gold. Work is underway on the 275 Level to expand the known gold resource within the Kenville Gold Mine footprint. The Kenville Gold Mine property is ranked the 26th largest gold producer in BritishColumbia history.

Link to Hub / Link to Profile / Link to Forum

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(DAN: TSX-V)

Recent grab sample of 30.2 g/t Au on its Opinaca gold project in James Bay, Quebec

The Opinaca property is located 380 km north of Matagami, Québec, in the James Bay areain the Eastmain Greenstone Belt, which hosts two known gold deposits: The Reservoir deposit (10 Mt at 0.65 g/t Au and 0.12% Cu) and The Eau Claire deposit (inferred and indicated resources of 990,000 ounces of gold). Recent exploration work on the property returned up to 31.44 g/t Au over 2.6 m including 55.94 g/t Au over 1.45 m.

Link to Hub / Link to Profile / Link to Forum

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(BTC: TSX-V)

Growth through Acquisition, Investment and Discovery

The Company’s diverse property portfolio includes Canadian projects which are highly prospective for Gold, Uranium, Platinum, Palladium, Nickel and Copper.

Highlights Include:

  • $15.2 Million in Cash
  • 34% ownership Coro Mining Corp (COP.TSX)
  • Ownership in Marathon PGM Corp (MAR.TSX)
  • Currently drilling second phase diamond drill program on the Copper Hill Block A Property

Link to Hub / Link to Profile / Link to Forum

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(CSG: TSX-V)

Operates 2 producing gold mines in the Americas.

Annualized gold production at the flagship El Castillo mine totaled 31,548 ounces of gold. Castle Gold is working towards expanding gold production at the El Castillo mine to 50,000 oz of gold by H2-2009. Metal revenues for the second quarter of 2009 totalled $7,542,379 compared to $847,250 in the prior year period. The El Castillo mine is located in the Durango district of Mexico and hosts 750,000 ounces of proven and probable Reserves within a 1.2 million ounce measured and indicated resource.

Link to Hub / Link to Profile / Link to Forum

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(CZS: TSX-V)

Junior Explorer Active In Gold: High Grade & High Tonnage Properties

The 100% owned Prospect Valley Propertyis located in the center of the Spences Bridge Gold Belt, 35kms west of Merritt, British Columbia. Prospect Valley is a large gold open pit and vein type target that is comprised of a contiguous block of claims covering 10,796 hectares

Link to Hub / Link to Profile / Link to Forum

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(EVG: TSX-V)

Evolving Gold Intersects 67.1 Meters at 10.8 gpt Au at Rattlesnake Hills

Evolving Gold Corp. is focused on finding multi-million ounce gold deposits in proven gold producing areas in Western USA. Their geoscience team has over 200 years of collective experience. Evolving Gold Corp. currently has $17 Million in the treasury.

Bulk tonnage gold deposit. Alkalic system with potential for multi-million oz Au in a structurally controlled environment

Phase 1 drill program: 6,524 meters, 15 holes

  • Defined a zone of gold mineralization at the North Stock target approximately 450 meters long, 200 meters wide, and extending from surface to at least 550 meters deep where it remains open (see press release dated April 14, 2009).

Phase 2 drill program complete.

Link to Hub / Link to Profile / Link to Forum

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(GZD: TSX-V)

Focused On Exploring For World Class Gold & Base Metal Deposits In British

Columbia & Diamonds & Industrial Minerals In Alberta

Sept 9, 2009 – Greenwood Gold Project With Rock Samples Yielding Up to 55.3 g/t (1.61 oz/t) Gold

CEO Webcast Interview with Mr. Brian Testo – Sept 29, 2009


Link to Hub/ Link to Profile/ Link to Forum

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(HMI: TSX-V)

Ballarat property located approximately 15km to the south of the Golden Saddle zone in the Yukon, where Underworld Resources Inc. reported notable gold values in drill intersections:

May 26, 2009 Underworld Intersects 104.0 meters of 3.4 g/t Au at Golden Saddle Zone, White Gold Property, Yukon

Hinterland Metals Inc. is focused on precious metal exploration in the Yukon, Quebec, Ontario and Manitoba.

Link to Hub / Link to Profile / Link to Forum

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(LMA: TSX)

La Mancha produces record quarterly gold production of 27,755 ounces at an average cash cost of US $484 per ounce, resulting in net earnings of $6.1 million.

La Mancha has strategically distributed production between Africa and Australia. The company has recently increased its resources to1.8 Million Ounces with an increased 2009 production target of 100,000 ounces.

Hassai Property Highlights:

- 1,006,000 ounces of gold (402,400 oz attributable to La Mancha)

- 297,000 tonnes of copper (118,800 tonnes attributable to La Mancha)

Link to Hub / Link to Profile / Link to Forum

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(LAT: TSX-V)

The Company’s Paso Yobai property is an emerging gold camp located in eastern Paraguay

The Company has completed an extensive exploration program and has significantly enhanced the value of the property by diamond drilling returning up to 26.6 gpt gold over 6.5 metres and by outlining a possible mineral deposit containing between 3.5 and 9.0 million tonnes averaging between 4gpt and 7gpt gold; furthermore, management believes the entire Paso Yobai Gold Tend, which has been continuously traced along strike for 8 kilometres, could host a potential mineral deposit ranging between 3,500,000 and 7,000,000 tonnes of similar grade.

Link to Hub / Link to Profile / Link to Forum

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(ND: TSX)

A junior gold producing resource company.

July 2009 Highlights

• Gold productionof 1,016 ounce
• Gold sales totaled US$1,037,000

Q3 Financial Highlights

• 2,931 ounces of gold produced
• US$3.67M Working Capital as of June 30, 2009
• US$2.87 million in revenue from the sale of 3,122 oz of gold
• US 2.5 cents per share income before non-cash items

NI 43-101 report of 959,900 oz of gold resource grading between 3.8 – 6.1 g/t, with inferred mineral resources of 347,600 ounces of gold grading 5.16 – 5.91 g/t.

Reserves and resources are based upon a 2.45 g/t cut-off and US$875/oz gold price at the Turk and Angelus Mines.



Link to Hub / Link to Profile / Link to Forum

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(ONT: TSX)

THE BROOKBANK GOLD DEPOSIT

Largest NI 43-101 resource estimate in the Beardmore – Geraldton region of Northern Ontario

Indicated: 1.8 million tonnes grading 7.3 g/t gold containing 432,300 oz.

Inferred: 2.7 million tonnes grading 4.9 g/t gold containing 421,400 oz.

Known gold mineralization over strike length of 7 Km.

Large land package (688 claims); surrounded by Kodiak Resources and in proximity to Premier Gold / Roxmark’s Geraldton Project

Located in historical mining camp which has produced over 4 million oz gold

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(SGX: TSX-V)

Recent sampling results of 351.58 g Au/T over 1.28 metres at King Solomon’s Pillars

Nine gold bearing veins were discovered on the Golden Extension in Northwestern Ontario. The Golden Extension reported channel results of up to 136.5 g/t gold and is believed to be the northwest extension of Kodiak’s Golden Mile. The prolific Beardmore Geraldton Gold Belt has produced over four million ounces of gold at grades that are comparable to the Red Lake gold mining camp in north western Ontario.

Link to Hub / Link to Profile / Link to Forum

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(SMH: TSX-V)

Black Banana Returns Assays Up to 281.7 g/t Au (8.2 oz/t)

Confirmed the presence of multiple high grade veins and widespread gold mineralized areas on its Black Banana Project in Guyana. The Black Banana Project consists of ten (10) medium scale prospecting licenses, covering approximately 10,000 acres. Shoreham also recently acquired a Five Star Gold property of approximately 13,000 acres near Matthew’s Ridge in northwestern Guyana with reported grades ranging from trace to a high of 80.2 g/t Au.

Link to Hub / Link to Profile / Link to Forum

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(QAU: TSX-V)

Five historic gold mines are located within the area, two of which were producing gold mines.

Q-Gold Resources Ltd. is mainly focused on exploring and reactivating the historic (1890’s) Mine Centre Gold Camp in the Kenora Mining Division of Northwestern Ontario, where the Company holds over 32,000 acres of mining claims

Link to Hub / Link to Profile / Link to Forum

Markets, Money and Life With Grandich and George – October 2, 2009

Posted by AGORACOM at 3:46 PM on Friday, October 2nd, 2009

Good afternoon to you all and hope you’re preparing for a great weekend. Please find enclosed our next installment of Money, Markets and Life With Grandich and George . We covered some great topics in just 20 minutes including Bernanke’s warning about the US Dollar, today’s non-farm payroll numbers and whether or not October is going to bring us another crash yet again.

My apologies for not posting a Q&A bulletin earlier this week for all of you to post your questions. Mea Culpa. Without further adieu, here is this week’s show.


For those of you whose Flash player isn’t up to snuff, here’s the MP3:

DOWNLOAD THE SHOW

For those of you who want to download the show automatically, it has now been approved by Apple and available for download via iTunes. In addition, the show has it’s own podcast section on smallcappodcast.com. The latter also contains an RSS feed for those of you that want to syndicate the show on your site.

Have a great weekend and looking forward to your comments.

Regards,
George

Cambridge Conference Is Must Attend For Resource Investors In Toronto and Surrounding Area

Posted by AGORACOM at 9:35 AM on Wednesday, September 23rd, 2009

ATTENTION: ALL TORONTO AND SURROUNDING AREA RESOURCE INVESTORS

The Cambridge Conference is taking place this weekend and it will be as good as any given the state of commodity markets.  The line-up of speakers is the best you’ll find at any conference in Canada and you’ll get a chance to meet with a number of great companies face-to-face.

Cambridge House will now be charging $20 entry fee at the door (not a gimmick, this is real) - BUT click on this link or the banner below and use our code (AGT9) to get in for free.

Second, AGORACOM will be meeting with members at our booth (#1006) on both Saturday (1:00) and Sunday (12:00).  We will be drawing for cool prizes on the spot! Be sure to print off your profile page and bring it with you so you can enter the draw!

See you there!

Regards,
George