Ivanhoe Mines Ltd T.IVN

Alternate Symbol(s): IVPAF

Metals & Mining Industrial Metals & Minerals

Ivanhoe Mines Ltd. is a Canada-based mining, development, and exploration company. The Company is focused on the mining, development and exploration of minerals and precious metals from its property interests located primarily in Africa. Its projects include The Kamoa-Kakula Copper Complex, The Kipushi Project, The Platreef Project., and The Western Foreland Exploration Project. The Kamoa-Kakula Copper Complex project stratiform copper deposit with adjacent prospective exploration areas within the Central African Copperbelt, approximately 25 kilometers (km) west of the town of Kolwezi and about 270 km west of the provincial capital of Lubumbashi. The Kipushi mine is adjacent to the town of Kipushi in the Democratic Republic of the Congo (DRC) approximately 30 km southwest of the provincial capital of Lubumbashi. The 21 licenses in the Western Foreland cover a combined area of 1,808 square kilometers to the north, south and west of the Kamoa-Kakula Copper Complex.

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Ivanhoe Mines Ltd

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Comment by jims101on Oct 30, 2008 9:11pm

386 Views

Post# 15557337

ML, Gold should start surging in Nov???

Monthly chart shows a pretty weak picture for GOLD with a primary monthly trend most likely to show up having been broken come Friday. The metal's usualy strength in Asia isn't even appearing today - down $8 or so after a very weak showing on Thursday in the Americas.

https://stockcharts.com/h-sc/ui?s=$GOLD&p=M&st=1994-11-05&en=2008-10-30&id=p79871258092&a=95463222&listNum=1

Now this could be some month end abberation and with what's going on with regards to money creation one would certainly think Gold would be rising, but it isn't. There's going to need to be a major change in investor and speculative interest to stop the decline and even more to develop the "surge" you suggest will start in November.

We'll see, but with this chart pattern in place I don't think I'll be holding on to alot of gold and silver miner positions..

XAU at overhead...won't buck a fall in gold very long...
https://stockcharts.com/h-sc/ui?s=$XAU&p=D&yr=0&mn=5&dy=0&id=p64348987000&a=36232222&listNum=1