Commodity Prices Dec31/11 vs Today Just reviewing Commodity Prices ...........................Dec31/11-close vs May15(6.00PM) Change+ or -
Price of Gold $1,566.80 $1,557.10 - 9.70
Silver 27.91 28.08 +0.17
Copper 3.44 3.52 +0.08
Commodity prices are Virtually unchanged , as compared to Dec 31st. GCU closed on
Dec 30th @ 1.84(which we all thought was greatly oversold at that time.) We closed today
@ 1.30, down .54 cents from Dec 31st or approx 30%.
Since Dec 31st we have our 43-101 with 4.0 mil Gold equivalent ounces
We have had Good drill results since, from the winter drill program.
We are expecting more infill drill results in the next few days.
Don Coxe of BMO Capital Markets on BNN tonight says it is time to start accumulating
these oversold junior miners who have resources in the ground that will have leverage
to a gold price increase as opposed to buying the commodity(Gold) itself.
GLTA LONG GCU