Why I'm quitting writing about mining

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Published : February 04th, 2016
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Category : Market Analysis

 

 

 

 

First and foremost, I've lost interest. I find tube hi-fi much more interesting. Second, I have been connived and fooled by the best in the business and passed this tomfoolery off to my readers. 

Justin Rice and the Russell Brothers took me and many friends into near-bankruptcy on the Azteca Gold project up Two-Mile just northeast of Wallace. I republished many of their lies and I am ashamed of it. I trusted them. Their lies seemed true at the time.

Secondly, I've being hauled into federal court involving a lawsuit between shareholders and Bob Genovese over a mine I wrote about, the Liberty Silver Trinity silver property near Lovelock Nevada. I still think it's a good prospect, discovered by US Borax and heavily and positively reviewed by a respected mining evaluator, SRK, but after my writing a positive article the stock tanked and the longs lost, well, their shorts and have dragged me into their shit. Never owned a share of Liberty. I did lose $7,000 on Justin's gambit, long after I wrote about it, and I could probably sue Justin for his lies, but really, why sue because I'm stupid or gullible. Maybe Ralph Nader could knock some sense in to me.

Whatever happened to, You pays your money and you takes your chances? Ain't that the American way?

Capitalism is by nature creative and destructive. What do we taxpayers owe the buggy-whip makers for going out of business because of the auto mobile, which did not require horses? Precisely nothing. But then in steps the modern federal government, to sue Henry Ford for buggy-whip-maker damages. This latter mind-set prevails today and it's why your kids can't read. But that's another rant.

I am not abandoning in spirit the hard-rock miners for what they do, which if you think about it, is magnificent. But having been conned twice, and having passed along bad advice, it's time to move on. And I have some very precious vacuum tubes I need to sell . . .

 

 

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David Bond covers gold and silver mining equities for a number of national and international publishers from Wallace, Idaho, heart of the planet's richest silver fields, the Coeur d'Alene Mining District.
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