AGORACOM Small-cap Investor Relations Blog

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.

Evolving Gold Releases Final 23 Holes at Rattlesnake Hills

• 158 meters at 2.64 gpt Au, includes 16.8 meters at 10.31 gpt Au
• 82 meters at 3.00 gpt Au, includes 6.1 meters at 16.97 gpt Au
• 120 meters at 1.64 gpt Au, includes 12.2 meters at 8.25 gpt Au
• 201 meters at 1.08 gpt Au

Quinton Hennigh, president and chief geologist goes “Beyond the Press Release” to discuss today’s results.

See what Peter Grandich has to say

Evolving Gold Corp. IR Hub

Evolving Gold Corp. Profile

Evolving Gold Corp. Discussion Forum

Evolving Gold Corp. is a client of AGORACOM

Congratulations to Robert, Quinton and the entire team on these great results.

Regards,
George

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.

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