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Cascadia Minerals Ltd V.CAM

Alternate Symbol(s):  CAMNF

Cascadia is a Canadian junior mining company focused on exploring for copper and gold in the Yukon and British Columbia . Cascadia's flagship Catch Property in the Yukon hosts a brand-new copper-gold porphyry discovery where inaugural drill results returned broad intervals of mineralization, including 116.60 m of 0.31% copper with 0.30 g/t gold. Catch exhibits extensive high-grade copper and gold mineralization across a 5 km long trend, with rock samples returning peak values of 3.88% copper and 30.00 g/t gold.


TSXV:CAM - Post by User

Bullboard Posts
Post by lucky5on Feb 20, 2013 11:13am
283 Views
Post# 21016160

Hate Mail: Perhaps The Best Gold Bottom Indicator

Hate Mail: Perhaps The Best Gold Bottom Indicator

Hate Mail: Perhaps The Best Gold Bottom Indicator

My Dear Friends,

1. The more insulting the hate email becomes, the closer we are to an absolute low in this manufactured gold reaction. It is really foul today.

2. The nerve that I touched yesterday when I questioned the FDIC viability and aggregate insurance tells me that there is huge population of readers taking comfort in the absolute belief that the FDIC really will return your US dollar deposits should we have a systemic crisis. It will not because it cannot. It does not have the assets to meet even a small portion of all its implied guarantees. The size of the implied guarantee when you consider brokers as banks is enormous. It is an outrageous concept that you silly people take faith in. All your yelling and screaming letters go directly into the spam file. The best one is the jerk that ordered me to repent.

3. Gold will trade at $3500 and above. You bears that bang on me in an organized way on every reaction since $248 are once again wasting your time. Your emails do nothing but encourage me that I am absolutely correct.

4. Sending me the tomes of the Trojan Horse gold writer’s bearish gold claims and expecting me to answer you is another waste of your time. My answer is they are wrong, but if you believe them do whatever you please.

Sincerely,
Jim

In The News Today

Jim Sinclair’s Commentary

Somebody who did not send nasty emails to me today.

SAC Capital Partners Bets A Quarter Billion On Gold, Silver, & Mining Shares
February 19, 2013 | By Tekoa Da Silva

While the mainstream media continues to spew out bearish news and headlines on precious metals and (especially) mining shares, SAC Capital Partners LP, a $20 billion dollar group of hedge funds founded by Stephen A. Cohen, quietly positioned itself in over $240 million dollars worth of gold, silver, and mining share investments during Q4 2012.

Of great interest is the structure of those positions. They are indicating, that the firm is expecting a massive spike in both gold and silver, as well as a staggering move higher in the mining shares.

Starting out, the firm increased it’s holdings in gold and silver mining shares from roughly $54.9 million to $122.2 million, a total increase of over $65 million. Companies included many of the major producers such as AngloGold, Barrick, Goldcorp, and surprisingly, included junior producers, such as Fortuna Silver Mines Inc.

-The firm took an over $20 million dollar “straddle” position on the SLV ETF, which indicates the firm believes we will see a massive and volatile spike coming in the price of silver—either up or down.

-The firm took an over $61 million dollar “straddle” position on the GLD, which similar to the SLV position, indicates the firm believes we will see a massive and volatile spike coming in the price of gold—either up or down.

(For reference, an option “straddle” position entails buying both a call and a put option against an underlying security, for a specified date and strike price. To become profitable, the underlying security must spike up or down far enough to offset the premium cost of both the call and put options. This strategy can be thought of as “betting on volatility”)

More…

https://www.jsmineset.com/

 

 

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