Posted by AGORACOM
at 11:08 PM on Wednesday, February 3rd, 2010
Good evening to you all. Earlier today, AGORACOM Client Evolving Gold Corp released the final 23 holes at its Rattlesnake Hills project and released some spectacular intercepts such as 158 meters at 2.64 gpt Au, which includes 16.8 meters at 10.31 gpt Au.
As always, assume I am horribly conflicted by the fact that Evolving Gold is a client of AGORACOM and do your own due diligence. To help you get started, I’ve included a link to the press release below. More importantly, I’ve also included a link to a 9-minute interview with EVG President and Chief Geologist, Quinton Hennigh, in which he discusses the importance of these results in layman’s terms. If you are interested in Evolving Gold, this is a very worthy use of 9-minutes of your time.
Posted by AGORACOM
at 9:23 AM on Wednesday, February 3rd, 2010
Good morning to you all. While on my recent trip to Vancouver, I had the pleasure of sitting down for an interview with Al Korelin, a stalwart in the small-cap resources industry and the person I consider to have the best radio/online show covering the world of small-cap resources. If you haven’t discovered his site, make your way over there and take a look around.
More than just lip service, The radio show has entered syndication, available to 2.7 million radio listeners each week, and thousands more on the internet. As such, it was a bit of a thrill for me when Al approached me at the Cambridge Conference to request an interview with me.
The interview lasted 8 1/2 minutes and Al was gracious enough to discuss the benefits of using AGORACOM, as well as, how investors should be using the web to become better investors. More importantly, Al touched on a topic that has become very important to me – consolidating the best 10 – 12 minds in the space under one umbrella.
Posted by AGORACOM
at 7:59 PM on Friday, January 29th, 2010
Good evening to you all. I was on my way out the door for the weekend when I received the following e-mail message from Bill Murphy over at LeMetropole Cafe. It appears to be a transcript of a speech given by John Embry, The Canadian Gold Guru of Sprott Asset management, at The Cambridge Conference in Vancouver last week. It’s a great read, especially considering the fact Embry has been calling gold correctly for years now. Here’s what he had to say. I’ve reproduced the e-mail message in its’ entirety, including links back to GATA and Le Metropole:
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Le Metropole Members,
John Embry: Why gold will keep going up for years
John Embry
Submitted by cpowell on 12:46PM ET Friday, January 29, 2010. Section: Daily Dispatches Remarks by John Embry Chief Investment Strategist Sprott Asset Management, Toronto Vancouver Resource Investment Conference Hyatt Regency Hotel Vancouver, British Columbia, Canada Monday, January 18, 2010
Good afternoon. It is once again a great pleasure for me to address a knowledgeable gathering at Joe Martin’s always excellent Cambridge Conference.
When I was here last year gold was around $850 and there was the usual angst among mainstream commentators fearing a drop to $600 per ounce or worse. Today the price is roughly $300 higher and the same individuals continue to try to frighten the public with prophesies of vertiginous falls in the gold price. Despite this ongoing aggravation, I am even more bullish on the prospects for gold than I was a year ago.
However, despite my consistent enthusiasm for the yellow metal once termed a “barbarous relic” by Lord Keynes, I still have the strong feeling that the vast majority of investors outside this room still haven’t got a clue about gold and they are certainly not aware that gold is experiencing a historic bull market with much, much further to go. What we have seen to date is merely a prelude, and the appreciation we are going to see in future years is going to greatly exceed what we have seen to date. This opinion is based on a number of factors I will expand on, but the predominant theme is that gold is re-establishing itself as money.
It has been money for thousands of years, a reality that was succinctly summed up by J.P. Morgan in 1912 when he said, “Gold is money and nothing else.” But we go through periods when that reality is obscured, and the decades of the 80s and 90s represent living proof of that. Gold retreated to commodity status in that era, when disinflation was in vogue and the real returns on financial assets were truly remarkable in historic terms.
Gold fell from a peak of $850 per ounce in January 1980 to a low of $252 in July 1999 in an extended bear market. To be fair to gold, it got a significant push to the downside in the latter part of that period from the central banks that were dumping enormous quantities of gold by leasing it through their bullion bank cronies. I would contend that the gold price overshot its economic value by perhaps $150 on the downside. Contributing to this fiasco was the ludicrous auction of half the British gold reserves within 10 percent of the bottom. Today this egregious error is referred to as “the Brown bottom” in recognition of the idiocy of the current British prime minister, who was then finance minister.
However, this is all water under the bridge and I don’t particularly want to dwell on it other than to say that we are now in the phase of the gold market where we are about to benefit mightily from the central bankers’ awesome stupidity at that time.
Posted by AGORACOM-Bart
at 4:19 PM on Tuesday, January 19th, 2010
Garibaldi Resources Corp. (GGI: TSX-V) stock has traded with a lot of momentum in 2010 and closed today at a new 52 week high of 24.5 cents. In fact, during today’s trading the stock hit an intra-day high of 29.5 cents.
Here is a 2 week chart on Garibaldi Resources Corp. (GGI: TSX-V)
As an AGORACOM client, assume I’m horribly conflicted but here are some reasons as to why Garibaldi is off to a strong start in 2010:
Garibaldi Resources recently consummated a deal with Paramount Gold and Silver Corp (NYSE/TSX.PZG) where Garibaldi sold its option interest in the 54,000 hectare Temoris Concessions, in Chihuahua State, Mexico for $US 400,000 in cash and was issued 6,000,000 shares in Paramount’s capital.
OnJan 14, 2010 PZG traded over $2.00 for the first time since May 2008. GGI’s marketable security position from this transaction with PZG gives the Company approximately a $12 million cash value.
GGI has 49 million shares issued and outstanding which translates into a net cash value $.22 per share the on this asset alone.
Every $1.00 increase in PZG price adds an additional (minimum) $5 million to GGI’s operational/ exploration budget.
Posted by AGORACOM
at 2:40 PM on Friday, January 15th, 2010
As you know, we like to report AGORACOM traffic results on a regular basis, especially our annual results. In the world of online investor relations, nothing speaks more about your ability to meet a client’s needs than the amount of traffic and overall engagement you are able to deliver. This is especially true in the small-cap space, which is full of investor relations pretenders that throw around all the right jargon but offer little to no substance.
To this end, I am very happy to announce our traffic results for the full year 2009. If a picture is worth a thousand words, this snapshot from our Google analytics is worth several million
[PLEASE CLICK ON IMAGE FOR LARGE, CLEAR GRAPH]
THE TALE OF THE TAPE
(Figures for January 1, 2009 – December 31, 2009. All figures reported by Google Analytics)
Unique Visitors 1,114,905
Visits 7,777,197
Page Views 72,582,304
Pages Per Visit 9.33
Avg Time On Site 8:05
Number Of Countries/Territories 212
Top 10 (Canada, USA, Germany, Netherlands, UK, Belgium, Australia, Sweden, Switzerland, Norway)
The numbers look even better when you consider
We built our model on quality vs quantity. As such, this is pure discussion. No spam, flaming and bickering traffic.
We are only focusing on small-cap and mid-cap stocks …for now.
What is even more encouraging are the Q4 numbers which, if extrapolated out, point to rapidly accelerating traffic of close to 10M visits, 100M page views and 1.4M unique visitors.
Suffice it to say, we are once again ecstatic with the results. This is especially true given the state of the markets in H1 2009. We attribute much of this success to practicing what we preach. Specifically, when times are tough and your competitors are running for cover, crank up the marketing. AGORACOM did just that with the continuation of TV ads on Bloomberg, CNBC and BNN that we had begun in 2008.
In addition, 2009 was the year in which we continued upgrading site features – but we really increased time, energy and resources on extending our content far beyond AGORACOM. Specifically, we are now extremely active in terms of:
Where are we going in 2010? Mobile, Mobile, Mobile baby. Look for good stuff to start coming out in the next 30 days or so.
CLIENTS AND MEMBERS THAT BELIEVED
I want to thank all of our great clients and members that believed in our model and breathed unbelievable life into this paradigm shifting platform. Without them, this would be one hell of an application with no users. A special thanks goes out to all HUB Leaders that abandoned their former communities at Stockhouse, Raging Bull, Yahoo Finance and others in hopes of a better experience. I’m glad our promises to you have been fulfilled. We know we’re not perfect – but together we’ve created a financial community that come as close to perfect as possible. Thank-You!
REPUTATION AND RANKING SYSTEM
When we created our community by combining UGC, Wiki and reputation based tools, we set out to destroy the stock discussion forum status quo that we have all come to hate over the past 10 years thanks to unrelenting spam, profanity, stock bashing, stock hyping and the unacceptable. Many thought it could not be done because we could neither change habits nor unseat the incumbents. We not only knew we could, we knew investors wanted us to. All they needed was a solution that focused on quality over quantity. By refusing to sacrifice quality for quantity, we will continue to attract great investing minds that have a lot to offer. Quality begets quality. As a result, we now have a massive community that both generates its own content and moderates itself to replace the status quo.
CONCLUSION
This is Wiki meets IGC (investor generated content), meets reputation based systems at their finest. There are bigger communities to be sure – but can you find another vertical in which the need for a drastically more efficient model is needed more? As I’ve stated since October 2007, Trillions of dollars are at stake. People’s futures are at stake. The implications of inefficient or imperfect information are severe. We now know it to be true.
Posted by AGORACOM-Bart
at 3:38 PM on Thursday, January 14th, 2010
First Bauxite Corporation (FBX- TSX-V) is taking all the right steps towards becoming a near term, medium size producer of high quality Refractory A grade Super Calcined (RASC) bauxite.
What is bauxite and what are it’s uses? Bauxite is a sedimentary rock most commonly used in the production of aluminum and is classified according to it’s commercial application which includes Metallurgical, Abrasive, Cement, Chemical and Refractory. Raw bauxite sells between US $35-$45/Mt, but First Bauxite is focused on the niche market of Refractory A grade Super Calcined (RASC) bauxite used in the steel industry to line high temperature furnaces and it sells for much more, ~ US $500/Mt.
As an AGORACOM client, assume I’m horribly conflicted but the numbers speak for themselves and warrant taking a closer look. Specifically, initial production is estimated to begin as early as Q1/2011 with projected annual production levels of 100,000 Mt of RASC at an estimated all in production cost of US $200/Mt.
It certainly looks like the market has noticed this Company and it shows with the stock up an impressive 66% since October 2009.
FIRST BAUXITE CORP. HIGHLIGHTS:
Two advanced projects in Guyana, Bonasika and Waratilla Projects. Strong pipeline of projects.FBX controls half the Guyanese bauxite belt (Essequibo Project – Option agreement with Rio Tinto Alcan over Essequibo)
Feasibility Study on Bonasika project in progress; to be completed in Q1 2010
FBX already in direct and indirect discussions with consumers – Marketing agreements expected well before commencement of production
Unique product: only Guyana & China supply the non-China world’s demand for Refractory bauxite
For an in-depth look at First Bauxite, please click on the image below to view a 10 minute comprehensive presentation on FBX, narrated by First bauxite President, Mr. Ioannis Tsitos.
Posted by AGORACOM-Rody
at 11:00 AM on Tuesday, January 12th, 2010
Armada Data, the revenue generating Web 2.0 Company came out with preliminary results today and they continue to impress. It seems as if their ‘modus operandi’ is to continually surpass their past performance. Having said that, please note that Armada Data is an AGORACOM client, but you don’t have to take my word for it. Let the numbers speak for themselves:
December 2009 vs 2008 Highlights:
Insurance Services revenue up over 40%
Retail Services revenue up over 50%
Aggressive Google campaign continues to drive traffic up over 200%
Posted by AGORACOM
at 5:46 PM on Thursday, January 7th, 2010
My friend and respected colleague, Timothy Sykes, tweeted this earlier today:
That tweet triggered a post I had seen the day before from Cameron Fous who I’ve been following for some time really and seems to have a lot of success – almost too much success for my comfort – but there is no denying he is generating some great returns.
In fact, I was considering using this as my first ever Fous trade but it was already at $0.74 and I figured the fast money had been made. Boy was I wrong, as the stock rocketed over $1 on huge volume. Obviously, this is one massive promotion so I quickly checked Google and Twitter to see what part they are playing in the matter. First, I punched “ECOB” into Google. Look at how many promoters are working on the deal!
Then I searched ECOB on Twitter. Again, the number of newsletter types is simply staggering:
Folks, we are officially in Pump and Dump 2.0. The difference is that promoters are being far less intrusive. I’m not seeing promotions role into my fax machine and Inbox. Rather, they’re using search engines and Tweets (plus other tools I didn’t take the time to look up) – both of which require the investor to act (searching or subscribing) in order to be part of the promotion.
This leads me to believe that investors are actually choosing to become a part of the promotion – which is more like a flash pyramid scheme – and they are OK with it. Did it work? Take a look at the chart below. Will it work for long? I think Pump and Dump 2.0 has legs and will be with us for a while. It’s fast money and it works. Not everyone will win – but gamblers and speculators don’t expect to win every time. They just need the action and some wins along the way.
The best part is that guys like Timothy Sykes are actually feasting off these promotions/pyramids by shorting them once they inevitably burn out. Tim hates the promoters – and they probably hate him – but the fact of the matter is they’ve created this twisted promo-to-short ecosystem that rely on each other.
Tim, I hope you can weigh in here with some thoughts. Here’s the chart. Wild stuff.
Posted by AGORACOM
at 5:51 PM on Thursday, December 31st, 2009
As we close out the year and the decade, there won’t be a shortage of (bullshit) commentary and analysis about the year and decade that was, so I won’t add to the clutter. Suffice it to say, the following bulletin from CBS Marketwatch sums it all up when it comes to equity markets
The decade that ends Thursday is on track to be the worst in recorded history for the U.S. stock market – worse than all of the many boom-and-bust cycles of the 19th century, worse than the Great Depression-era 1930s, worse than the recession-plagued 1970s.
The S&P 500 opened the decade at 1,469.25 on January 3, 2000. When the market closed on Christmas Eve, the S&P 500 stood at 1,125.46 – with four trading days left in the decade, the index’s annual performance over that span is negative 2.6 percent. The Dow Jones Industrials has lost about 1 percent per year over the same period, and the Nasdaq Composite is down a whopping 5.9 percent annually. When adjusted for inflation, the 10-year returns for these indices are even lower.
SO WHAT DID PERFORM WELL OVER THE PAST DECADE?
Holmes goes on to say:
A $100 investment in gold when the market opened on January 3, 2000, was worth about $380 as of this week (data through December 21) – that’s a total return of 280 percent and an annualized return of 14.3 percent. Gold stocks (as measured by the XAU Index) have also had a good decade, climbing 9.4 percent annually.
Commodities (as measured by the S&P GSCI Enhanced Total Return Index) posted average gains of 13.6 percent per year over the period, driven mostly by rapid economic growth in Asia and elsewhere in the developing world.
The following chart via Bloomberg shows you where the bright spots were over the past decade.
Bottom Line? Forget the plethora of “financial experts” parading themselves on TV. How many CNBC guests over the past decade trumpeted gold and commodities (with the exception of oil) as the place to be? How many of them had the faintest clue about the numerous signals of an impending market crash? Not many.
The ones with a clue, like AGORACOM Chief Commentator Peter Grandich or friends like Barry Ritholtz, Eric Coffin, Jean-Francois Tardif and Paul Kedrosky are too busy actually analyzing and delivering the straight goods via the web. That means they PYMWYMI (Put Your Money Where Your Mouth Is) and put their reputations on the line. They can’t hope that people forget about TV interviews. These are the guys you trust for 2010 – 2020 … unless you want your returns to look like these 10 years from now.
DJIA – The Decade
DJIA – The Year
NASDAQ – The Decade
NASDAQ – The Year
S&P 500 – The Decade
S&P 500 – The Year
GOLD WAS GOLDEN
Giving myself just a few props, I’m proud to say I pounded the table 103 times over the past 3 years about the bullish future of gold thanks to skyrocketing debt which was clearly going to lead to >>> falling interest rates >>> falling $USD >>> higher inflation (still to come) and $1,000 gold. As the charts clearly indicate below, gold has been a great place to be over the last 3 years and more.
Where to from here? Clear as day, gold will continue to rise for the foreseeable future. Until the US gets its debt under control, interest rates will stay low and inflation will rise. I don’t believe for a second that Bernanke and the Fed will be able to withstand the political pressure necessary to raise interest rates beyond a couple of token moves. As such, I see a future of inflation and higher gold prices.
Posted by AGORACOM
at 1:22 AM on Tuesday, December 22nd, 2009
Do you agree?
“The great paradox in business is that the greater your success, the greater the
number of opportunities presented to you and the greater the amount of time
demanded of you until your success is nothing more than a burden. As such,
true success can only be achieved by foregoing temptation and leaving great
opportunities on the table for others to carry.”
