Gold UP $12 again today..US$ DOWN 0.80 cents In ONE day....wow that is impressive...This tells me that the FED will act sooner than later...The US$ Economiy is dead in the water, ad the EURO is NOT helping, but hurting it...One of the reasons I like Gold here is that there are NO other paper currencies for the public to escape to...safe and except GOLD...
EAG has announced some really stunning results....EAG is now up to just under 2 Mill ozs, and they barely scratched the surface....most of this can be open pitted, but more than likely as Mr. Kitchen stated, this ore can be mined thru the 5 meter wide RAMP, which was built at a cost of over $40 Millions by others....
All this talk about a potential takeover at 50 cents now is all nonsence, in my view, all of it...especially the prices being discussed....totally ridiculous...no other word for it...just as an example equities like Richmond, and numerous others reached HIGHS of $14 with only about 2 to 3 million AU ozs in the Ground ...EAG should do as well or likely go even HIGHER...
One of the superb Geological findings recently is the discovery of HIGH grades just below the RED intrusion...normally an intrusion at this level would be negative for continuing mineralization...However in our case it appears that this intrusiion has helped accumulate the high grade mineralization below it...This is going to be BIG indeed...Another point is that posters who talk about Gold,s past performance, not being able to be repeated this time around, is just more nonsence...It clearly shows the lack of knowledge , and they are NOT well infgormed on Gold and related equities...I,ll have much more to say about all this in future posts...
One of the reasons why EAG is not acting as usual, is because as Mr. Kitchen pointed out, a private PP was done a few months ago, and they were not GOLD investors wishing to hold on...instead we have been given incredible opportunity to buy these cheap shares of EAG...BUT IT WILL NOT LADT MUCH LONGER, I ASSURE YOU....Especially as more superb/excellent results are released....
GOT your cheap EAG?...yet...
Mellow