Aurcana Silver Corp V.AUN.H

RE: AUN's Website

[Thecook100]

We should see news shortly....within next couple of weeks...hopefully the SP rises with the SLW deal !
take a look at this article.....ironically.......Silver gained the most % in the 5 year range...nice to see...
imagine if silver hits $50.00......I wonder what Aurcana will be trading at ? GLTA.................Thecook.

Gold market update: May 11, 2009

• Gold Investments

Published 5/11/2009

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Gold and silver prices rose last week (gold was up 3.1% and silver rose sharply by 11.6%) as the US dollar fell sharply and broke down technically and US bonds continue to sell off aggressively.

Stock markets remained sanguine as ever and continued on their merry way despite valuations looking very ripe and the recent bear market rally looking long in the tooth. Ostensibly the data was positive last week leading to more "green shoots" speculation but the jobs data was actually poor (previous months jobs number was revised upwards - March Nonfarm Payrolls revised to (699K) vs. prior (663K) - and much of the jobs were Bureau of Labour Statistics (BLS) imaginary jobs created through hedonic adjustments and the Birth/Death model magically added 226,000 jobs to the April employment report based on huge assumptions which are likely erroneous). The fundamentals of the US economy are poor and deteriorating with Alt A, jumbo, commercial property and credit card debt to create the next wave of the financial crisis.

Some analysts claim that the dollar is breaking down due to an increase in risk appetite which is a dubious assumption. The largest holders of dollars in the world are the US' creditors and they are on record as being nervous about their dollar holdings and are diversifying out of the primary reserve currency of today - the dollar. Gold is one of the primary beneficiaries of these concerns regarding the dollar. This is seen in central banks such as Russia, China and others sharply increasing their gold reserves and in the changed and increasingly favorable view that central bankers internationally have of gold as a monetary asset and asset of last resort.

Real and valid concerns regarding the emergence of competitive currency devaluations and inflation in the coming months will likely see all fiat currencies come under pressure. Gold remains very undervalued versus the dollar as it is still less than half its inflation adjusted high in 1980 of $2,400/oz.