RE: What happened in 1604? NineLives:Unfortunately, the market is driven by fear and fear alone. We are really in no different a situation in the markets now than what we were at the bottom in 2009. Risk aversion is driving investors out of all paper because of a total loss of confidence in the future and in the ability of sovereign states to get a grip on their debts. Thus, we have a new currency made out of metal that is supposed to protect us from inflation and a deteriorating $ value. One question I have is how do we dispose of this metal and what do we exchange it for? We have to hope for a resolution to the debt crises or else watch what happens: the dirty thirties all over again. The catch though is that if governments can get some control over their debt issues, then the value we have artificially placed in gold and silver etc., will drop like the proverbial bomb, which in reality is the only and best scenario. However, it puts us in a catch21 hoping to see gold mining stocks move higher on the price of the metal.
The moral of the story is that companies like ANX should take advantage of the situation with rising metal markets, RIGHT NOW!....and no futzing around. Get it while it is hot because we must hope for a global resolution to these currency fires burning over several important economic landscapes. I and many others like myself who believe in equity investing could lose everything if these sovereign debt issues are not dealt with in a positive manner. I am now hearing 1700$ as the next major level for gold and $5,000/oz over the next several years. I shutter to think where we will be if this last target is ever met. As mentioned already here, ANX should be working the promotion machine and pushing investors into buying the stock based on good, sound producing assets for the next decade to come. There is a positive story here...so tell it Dustin!