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Gene Arensberg: Why we remain bullish on small mining shares
9:17p ET Wednesday, December 21, 2011
Dear Friend of GATA and Gold (and Silver):
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.
Sonora Aims to Follow First Majestic's Success
With Silver Mining Exploration in Mexico
Sonora Resources (OTCBB: SURE) is a silver mining exploration company focused on the development of prospective opportunities in Mexico. The company president and CEO is Juan Miguel Rios Gutierrez, who helped build First Majestic Silver Corp., which began trading for pennies and today is at more than $16 per share. Gutierrez was the fourth person to join First Majestic Silver, originally as general manager, then manager for new business initiatives and strategic planning. He left First Majestic Silver to work with Sonora Resources and yet maintains strong contacts with First Majestic. In fact, First Majestic is a large shareholder in Sonora and has a joint venture with the company.
For more information about Sonora Resources, please visit:
http://www.SonoraResources.com
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Golden Phoenix Signs Definitive Agreement
to Acquire and Reopen Santa Rosa Gold Mine in Panama
Company Press Release
Monday, September 19, 2011
SPARKS, Nevada -- Golden Phoenix Minerals Inc. (OTC Bulletin Board: GPXM) has signed a definitive agreement to acquire a 60 percent interest, with an option to buy an additional 20 percent interest, in the Santa Rosa gold mine in Panama, now owned by Silver Global S.A., a Panamanian corporation.
Santa Rosa produced more than 100,000 ounces of gold from 1996 to 1998 before being closed in part to low gold prices, which are now more than five times higher.
Golden Phoenix intends to acquire its initial 60 percent interest in Santa Rosa by acquiring 60 percent of the share capital of a recently created company under the name Golden Phoenix Panama S.A., formed to hold and operate the mine.
Tom Klein, CEO of Golden Phoenix says: "The agreement establishes a solid framework from which we can advance Mina Santa Rosa to production-ready status."
For Golden Phoenix's complete statement, please visit:
http://goldenphoenix.us/press-release/golden-phoenix-signs-definitive-ac...
