Endeavour Silver Corp. Lists on the American Stock Exchange: EXK
http://biz.yahoo.com/iw/070126/0208069.html
Jason Hommel zu Vancouver Conference und Silver:http://</p><p><br></p><p><br></p><p>[URL]http://silverstockreport.com/2007/review.html[/URL]
Etwas länger aber lesenswert, obwohl ich andere Ansichten zu Silber habe.
Zum fett Markierten: International millenium wird großteils ein Silberplay.
Siehe auch Cabo Thread!
Auszüge zu Companies:
I spoke to many friends and company managers, too many to list them all here.
I ran after John McPherson of Canadian Zinc (CZN.TO). He's frustrated with the slow pace of permitting; and looking for acquisitions, since they have $35 million in cash, about half the market cap of the company.
I sought John Versfelt of Cabo, and International Millennium, a company that now has Cabo's Cobalt silver properties, and many other silver properties that may get a listing in February. He was wondering if I was going to sell my shares in International Millennium if it becomes free trading (I own about 3% of the company), and I told him that I originally bought Cabo because I was interested in the silver properties, and that it was up to him to convince me to hold on. (My way of encouraging him to provide value.)
I ran into Don P. the man who spent nearly 4 months convincing me to look into Canadian Zinc back in 2003. We sat to chat, but did not have nearly enough time.
I ran into Gene Larabie of Coronado, (CRD.V) market cap about $15 million. I learned that they have a mining permit, and they are dealing with water in their decline ramp to the high grade zone where they hit 60% copper, the highest grade copper in the world, and may have resources worth about $200 million.
I had dinner with Vance Loeber who has been promoting U.S. Silver, (USA.V) (CHRYSALIS CAPITAL III), market cap about $200 million, which recently acquired the Galena mine in Couer d'Alene, the former flagship mine of Couer d'Alene mining company (CDE).
I had dinner with the men of Arian Silver, (AGQ.V) market cap around $40 million, who are hoping to find up to 100 million ounces of high grade silver in Mexico.
I asked nearly every newsletter writer what they thought of Noront, (NOT.V) a $100 million market cap company, that hit 50-30 ounces per tonne of gold over 15 feet on December 4th, which is the highest grade intercept that I've ever heard of. Most had not heard of it. The two that did, did not yet buy shares.
I also asked my peers what they thought of Pacifica (PAX.V) a $100 million company, and their 100 billion dollars of zinc at 5% grade, which is the largest mining project on earth. Most had not heard of Pacifica either.
I was walking past Cathy Fong of Silvercorp, ($800 million market cap) who invited me to lunch on Tuesday. I learned of New Pacific ($50 million market cap) (NUX.V), another company in development by the same management team, but is not focused on silver.
I made a point to attend the workshop by Dennis Gartman, who appeared to have a free market perspective, yet he has scorned GATA's work. Dennis's main points in his speech were that investors ought to buy things moving up, and sell things moving down. I suppose he is a momentum trader then, and I'm a value trader. His other main point is that the trade deficit does not matter, since the Government measures exports by Microsoft in terms of the price per pound of plastic, and not by the value of the software. We export knowledge, was his theme. Dennis also does not trust the GDP growth numbers of 3%, saying that people pay taxes on what they have actually earned, which shows growth more like 10%. (He did not acknowledge or mention that money creation also stands at about 10%).
This was the first time that I heard John Embry speak at the Cambridge House shows. John Embry runs one of the best performing metals funds in the industry. He was very articulate, as he was at GATA's Gold Rush 21 conference, and endorsed GATA's work. I heard that his fund owns 10% of about 100 resource companies in the industry, a virtual monopoly on resource exploration and emerging production. He read a fact-filled well-organized speech that was well received. I noted that at this conference, there was far more awareness and respect for GATA's work than in prior years. John Embry also ended his speech by noting that he was more bullish on silver than on gold!
On a panel discussion, there was a bit of a debate on whether the China boom will continue, and whether it is sustainable. Frank Veneroso said that he has predicted that many third world booms would collapse, and that he feels that China's boom will collapse -- that China's banks are over extended. On the other hand, China's banks have seen fresh capital infusions from Wall Street, and can draw on China's 1 trillion in foreign reserves. Dennis Gartman, who charges $500/month for his newsletter, had the opposite view, and that the rising middle class in China will make many people millionaires. His view was that one should go to China to open up a plumbing distributorship in the 13th largest city in China, because those were the businesses that made the most money in America's boom times. (Even though he does not know what China's 13th largest city actually was!)
My own view is that China has returned economic freedom in a large degree to its people, who are more free than we in the U.S. in many respects. My view is that freedom is generally quite sustainable. Furthermore, when people are earning $300/year, they can grow such incomes at 10% per year for a long, long time, for far more years than the Dow could grow at such rates, and that this will fuel the commodities boom for perhaps decades to come.
I'm not a doom and gloomer. I believe that mankind is progressing through increased trade and increasing economic freedom, and increasing knowledge. More newsletter writers and investors seemed to understand the GATA story on gold lending, and the specific fundamentals that make silver a much better investment.
Although you now know far more than you need to know, many of you have not yet taken action. It is not the knowledge you have, it is whether you act on it, that is most important. Take action, and get some silver for yourself.
Disclaimer: I own silver, CZN.TO, International Millennium (not yet public), CRD.V, USA.V, AGQ.V, NOT.V, PAX.V, NUX.V, and no company has paid me to send out this article.
Hab auf Seite 1 wieder was geändert!
Grüße
Tschonko
