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Aurcana Silver Corp V.AUN.H

Metals & Mining Silver
Aurcana Silver Corporation is a Canada-based company, which is engaged in the exploration, development, and operation of natural resource properties. The Company’s development properties are the Revenue-Virginius mine (the Revenue-Virginius mine or Ouray), located in Ouray Colorado and held through the Company’s 100% owned United States subsidiary, Ouray Silver Mines, Inc. (OSMI) and the Shafter silver property (the Shafter Silver Project or Shafter), located in Presidio County, Texas and held Aurcana Silver Corporation. The Revenue-Virginius mine is located in southwestern Colorado about 5.5 miles southwest of the town of Ouray. Access to the mine site is via County Road 361. The Shafter Silver Project, which is 375 miles southeast of El Paso, in Presidio County, southwest Texas, within a historic mining district.


TSXV:AUN.H - Post by User

Aurcana Silver Corp
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Comment by chendiggleron Jan 04, 2013 9:45am
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Post# 20797036

RE: RE: RE: RE: silver price

RE: RE: RE: RE: silver price

Gold hit $1624.90 this morning and rallied sharply off that support, climbing back to $1650. I would be very surprised if the bottom isn't in now. The reason for the sell-off: the Fed claims they may be able to scale back QE by this time next year. That is simply not possible given the massive deficits and $7 trillion per year in unfunded liabilities. I wager that this time next year the FED will need to increase the size of QE, and will continue to increase the size of bond purchases to prevent a US bond collapse, which will come about no matter what they do.

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