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With the help of some stunning charts, the Got Gold
Report's Gene Arensberg reports tonight that junior
gold and silver mining shares, as measured by the Canadian Venture Exchange
Composite Index (CDNX), are now priced as they were when gold was selling for
$400 and silver for $5 -- that is, when gold was only 25 percent of its
current price and silver only 17 percent. Arensberg
writes:
"What we are witnessing is the second largest
liquidity vacuum/buyer's strike in the history of the CDNX, and it comes at a
time when it is virtually a 'lock' that prices for precious metals will
remain at a multiple of where they traded back in 2003."
As the Got Gold Report's "vulture in
chief," Arensberg is thrilled with what he
sees as historic opportunity, even as others among us reviewing our stock
portfolios have been, rather than thrilled, wondering whether we should wait
until Christmas to commit suicide. Arensberg's
commentary is headlined "Why We Remain Bullish on Small Mining
Shares" and maybe it will persuade some of us to stick around until
Groundhog Day:
http://www.gotgoldreport.com/2011/12/why-we-remain-bullish-on-small-mini...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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