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Amex Gold HUI and CRB Surge to New All Time Record Highs
Posted on 09/25/2006 16:38:47 | Link | Post Comment
Yesterday as the 2006 Financial Markets Opened for Business our prescient title said it all:
At the Dawn of 2006 ... Is the World really running out of Gold ?
For 5 years now Gold values have been rising and since September 2005 have been soaring, reflecting a variety of fears that include the possibility that within a decade or so, the World could run out of mineable Gold and as a consequence Gold prices could rise 100% +.
We went on to say how with 2005 Gold production reportedly at its lowest production levels in almost a century, the evidence appears to be highly compelling. With dwindling annual production of 2,500 tpa leading to a growing demand to supply deficit of perhaps as much 1,500 tons per year arising from record consumption levels as high as 4,000 tons per year, the US Geological Survey USGS estimated several years ago that only 50,000 tons of Gold available for future recovery remains mineable on Earth. A truly alarming statistic that is leading analysts to conclude that with less than 13 years remaining at a rate of 4,000 tpa consumption, the World truly is running out of Gold and that could inspire panic buying, hoarding, speculation and profiteering that could run rampant Worldwide...
The almost startling realization that the World could really run out of Gold within a decade, places a huge premium on any junior mining company with proven resources. PDG currently trades at a P/E ratio of approximately 100. As a disclaimer, we do not own PDG. Our focus is on undervalued companies that have not yet been properly appraised by the markets.
Tuesday, readers who tuned into CFRN @ 9:30AM EST were treated to a Gold strategy session which which will be repeated on Wednesday.
Trade Safe
From the Desk of CT
{%2f52%2fcrb.jpg}
At the Dawn of 2006 ... Is the World really running out of Gold ?
For 5 years now Gold values have been rising and since September 2005 have been soaring, reflecting a variety of fears that include the possibility that within a decade or so, the World could run out of mineable Gold and as a consequence Gold prices could rise 100% +.
We went on to say how with 2005 Gold production reportedly at its lowest production levels in almost a century, the evidence appears to be highly compelling. With dwindling annual production of 2,500 tpa leading to a growing demand to supply deficit of perhaps as much 1,500 tons per year arising from record consumption levels as high as 4,000 tons per year, the US Geological Survey USGS estimated several years ago that only 50,000 tons of Gold available for future recovery remains mineable on Earth. A truly alarming statistic that is leading analysts to conclude that with less than 13 years remaining at a rate of 4,000 tpa consumption, the World truly is running out of Gold and that could inspire panic buying, hoarding, speculation and profiteering that could run rampant Worldwide...
The almost startling realization that the World could really run out of Gold within a decade, places a huge premium on any junior mining company with proven resources. PDG currently trades at a P/E ratio of approximately 100. As a disclaimer, we do not own PDG. Our focus is on undervalued companies that have not yet been properly appraised by the markets.
Tuesday, readers who tuned into CFRN @ 9:30AM EST were treated to a Gold strategy session which which will be repeated on Wednesday.
Trade Safe
From the Desk of CT
{%2f52%2fcrb.jpg}
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