gold and phos and uranium Our new emphasis on gold does not detract from the other projects. Quite the opposite I think. In the inflationary future that is sure to come with the liquidity injections of late,commodities will look better than paper money. We have a very nice potential . Gold is probably going to rise sooner than the rest excluding oil.
Even though gold is down a wee bit it should be remembered that not very long ago it was 275 or so an ounce. It has held up well I think compared to a lot of things. Bonds look a little over bought so money will start to look for a place to go. Gold and silver are the traditional places to go. Paper is just that , paper. Gold will buy you anything.
Now people may think that gold is down and it is going to go down further. It just might do that. Please remember that people who bought cheap bullion have a very big profit even now and are likely to see bargains all over the place.
At these severely depressed stock prices in is not unreasonable to assume that they are doing a little buying.
But they will be buying the best . Jrs with big resources.
But this will not fill the need for all the cash that came out of the various funds and is sitting in paper looking for a place to go.
At some point in the future ,who knows when, That fantastic amount of cash in those various funds ,hedge or otherwise is going to go to work again.
Pex is situated very well I think for this resurgence, when it arrives.
Mr davis is very involved with cpq at the moment as they discovered a 4 million oz gold resource with a lot of blue sky potential to put it mildly. This made me wonder if the new emphasis gold means that we are going to mexico.
I dont care really is or it isnt. I can think of good reasons to look for gold right here in canada.And mexico.