Post by
maturemale on Jun 13, 2005 12:02am
VIA and the Bottom Fishing man
The 'Gold Show' was on here in Vancouver over the weekend. There was a lot of 'spam and shinola' being touted in the aisles, a lot of fun but inconsequential--but one very interesting presentation was a well-attended lecture by John Kaiser of 'Bottom Fishing Report' fame. His thesis, in a nutshell, was that rules and trends that have always been like axioms in the market (i.e., interest rates go up, gold goes down and vice-versa) can now no longer be counted upon. He likens our present moment to the calm before the 'perfect storm'-- the perfect storm being the China factor. His presentation covered much more and I was transfixed for the whole hour--but his final shot was that he contends the gold price is not going to drift down, on the contrary, it will drift up to unheard of heights. He then mentioned that there is a completely new gold body in the process of being discovered (it straddles the northern Ontario/northern Quebec border) wherein one company has made an extremely rich strike and there are a half-dozen others exploring to beat hell to get in on it. The one company that hit pay dirt is Virginia Minerals (VIA) and if you look at their chart you can see a classic climb for the last 12 months from obscurity to $6.30 on Friday. He believes this particular stock will just keep right on moving up at the same rate, perhaps to north of $50. He predicts a palpable gain this very week, whence it will perhaps close at $10 or so. Such a prediction may be self-fulfilling; I'm sure everyone who attended the presentation will put in an order tomorrow AM. It's a no-brainer, I would say. I'll be among those clamoring to get some $6.30 stock Monday morning. Go for it.
Maturemale
Comment by
flayer on Jun 13, 2005 1:44am
That's one helluva summary Maturemale (great handle by the way, lol). Most of the other analysts estimates I follow (Casey, PVE, Coffin bro's)have rather muted estimates of Eleonore, compared to Kaiser's. $10 would be fantastic. $50.00 would usher in early retirement for this West Coast Canuck. Thanks for the summary.