A Storm is Brewing

By John Townsend,  The Smart Money Tracker

When the tech bubble burst in 2000, Greenspan tried to “fix” the problem by cutting rates and printing money.  Fix the problem he did … well sort of!  What Greenspan did was create two new bubbles in the credit and real estate markets to replace the tech bubble that had burst.  Millions of jobs were created in these two industries.  Much needed jobs to replace the ones lost as the tech boom came to an end.

I think we will all admit it was one heck of a party, but like all good parties there’s a price to pay. The Hangover!

A_Storm_is_Brewing

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A Storm is Brewing

PETROMANAS ENERGY INC (PMI-TSX Venture): INITIAL REPORT

Petromanas Energy Inc. has acquired 100% interest in three Albanian onshore oil and gas production sharing contracts containing six licence areas. Similar to Bankers Petroleum, the Endeavour Financial group is behind the formation of this Albania-located deal. Bankers and its shareholders enjoyed significant success with their Albanian oil field reworks, and while a very different type of play, Petromanas also has an exceptional risk-reward profile.

Petromanas’ acquisition is in a major onshore exploration area with P50 recoverable resources of 6.1 billion barrels net to Petromanas proved by drilling of a deep well by Occidental Petroleum, seismic exploration and independent, NI 51-101 compliant valuations. Petromanas paid less than 5 cents per recoverable barrel Market Valuation.

Growth Stocks Weekly Initial Report on Petromanas Energy Inc.

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Growth Stocks Weekly on Albanian Oil & Gas

Brien Lundin: Gold Looking Good; Silver Even Better

In this exclusive Gold Report interview, Gold Newsletter editor and publisher Brien Lundin indicates that although gold will remain strong, "we really need to clear $1,250" by mid-April to get to the $1,350 to $1,500 range he had anticipated. Brien is stoked on silver, too; and in fact, in relative terms, expects it to rise further and faster than gold.

Brien Lundin: Gold Looking Good; Silver Even Better

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Brien Lundin: Gold Looking Good; Silver Even Better

COLOMBIA: A NEW GOLD RUSH?

by Andrey Dashkov, Casey’s International Speculator

For many investors, Colombia remains a grey spot on their mental maps of South America. La Violencia, the 50-year dark age in its recent past, came to an end with the close of the 20th century. But the memories are fresh, and the impact on the local economy and international perceptions of the country lingers. This reputation still prevents most foreigners from investigating Colombia’s potential – and that spells opportunity.

For those curious and courageous enough to see Colombia as a new frontier, early speculations are starting to yield big rewards. The country has abundant natural resources, including gold, silver, copper, coal, oil, gas, and more, a good deal of which remains underexplored.

But is it safe to explore for gold in a place distant from other relatively stable regions and drill in areas formerly held by AK47-toting guerillas?

COLOMBIA: A NEW GOLD RUSH?

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COLOMBIA: A NEW GOLD RUSH?

POSITIVES OUTWEIGH NEGATIVES

Gold entering period of rising prices as currencies depreciate

Despite some apparently poor fundamentals, gold could well be set for a further rise this year as investor sentiment remains strong.

Author: Lawrence Williams
Posted:  Thursday , 04 Mar 2010

SYDNEY - 

The price of gold has seen a fairly strong recovery over the past few days - in part because perhaps fears for the Euro have diminished, but almost certainly because also there is a degree of nervousness out there about virtually all currencies, with gold seen as providing some stability in a sea of quantitatively eased paper.  T here has also been some positive news too - there are signs that demand for gold bullion and gold jewellery is beginning to return in the traditional gold-buying areas - India in particular.  Demand is also seen as remaining high in China.  Gold mine production may be on the increase again, but only marginally so and not at a sufficiently level to change the overall supply/demand picture, and this following several years of continuing decline.

Gold entering period of rising prices as currencies depreciate

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Gold entering period of rising prices as currencies depreciate

Paul Ryan -- the Man Who Could Save America

By Doug Hornig, Casey Research

Since the stunning result of the Massachusetts senatorial race, President Obama has softened his tone quite a bit, essentially saying to Republicans that if they have any good ideas, “Bring ’em on.”
Whether he’s sincere or not remains to be seen, but the implication is that he’s unworried, because in his opinion the opposition party only knows how to criticize and doesn’t have anything constructive to say.
He needs to call Wisconsin Congressman Paul Ryan, ranking member of the Committee on the Budget, and have him over for tea.

Paul Ryan -- the Man Who Could Save America

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Paul Ryan — the Man Who Could Save America

GOLD WEEKLY
Gold to reach $1,500 by year end, continue decoupling from dollar - Jeff Nichols
But, there are a few clouds on the short term horizon

Author: Geoff Candy
Posted:  Wednesday , 03 Mar 2010

GRONINGEN - 

The links between the dollar and gold are likely to continue to weaken in coming months as, globally, major currencies continue to decline.

Speaking on the Mineweb Gold Weekly Podcast, Jeff Nichols, MD, American Precious Metals Advisors, said, "The issue really is that all the major currencies are weak currencies - in a sense they're all sinking ships - the question is which ones are sinking faster - which ones are sinking slower?  I'm looking at the whole complex of currencies and thinking that the dollar, yen, pound and some of the other currencies are all weak - they're all going to be depreciating against gold - they're all going to be losing purchasing power and so it doesn't matter which one is losing it fastest in terms of gold - they're all going to be going down."

Gold to reach $1,500 by year end, continue decoupling from dollar - Jeff Nichols

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Gold to reach $1,500 by year end, continue decoupling from dollar – Jeff Nichols

GOLD MAJORS SCORECARD

For Big Gold, 2009 was a good year

With wiped faces, is it time for major gold companies to start focusing on shareholders?

Author: Barry Sergeant
Posted:  Monday , 01 Mar 2010

JOHANNESBURG - 

The majority of major gold producers finished 2009 on a high note, generating record levels of operating cash flows, in line with the rise in the dollar gold price which notched up its eighth year of successive increases, rising from around USD 250 an ounce in 2001 to above USD 1,200 an ounce in December 2009. The fourth quarter was especially strong, underpinned as well by copper prices that moved above USD 3.00/lb, compared to the multi year low of USD 1.28/lb seen in December 2008.

For Big Gold, 2009 was a good year

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For Big Gold, 2009 was a good year

BMO CAPITAL MARKETS GLOBAL METALS & MINING CONFERENCE

BMO's Melek says supply constraints already evident in copper

BMO's global commodity analyst Bart Melek has a "quite robust view of the commodity market" and anticipates a "robust restocking cycle" in metals.

Author: Dorothy Kosich
Posted:  Tuesday , 02 Mar 2010

RENO, NV - 

BMO Capital Markets global commodity analyst Bart Melek said Monday the impact of the Chilean earthquake will be "not all that great" in terms of global copper supplies.

Instead, Melek suggested a production decline of Chilean copper could halve copper surplus and make markets tighter.

During a conference call with journalists at the BMO Capital Markets Global Metals & Mining Conference, Melek forecast supply constraints in copper, iron ore, platinum, silver and metallurgical coal.

Melek predicted a less than 50,000 tonnes of copper production decline for the year because of the massive 8.8 earthquake that hit central Chile. He noted that supply constraints already exist in copper, and forecast a copper deficit of 200,000 tonnes in 2011.

BMO's Melek says supply constraints already evident in copper

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BMO’s Melek says supply constraints already evident in copper

 The Gold Report - "Gold has been about the best investment around for the past decade," says Eric Coffin, despite having been lukewarm towards the precious metal in the early '90s. Co-editor along with his brother David, of the HRA (Hard Rock Analyst) publications, Eric explains why they're sticking with the exploration stories that work and how they prefer mining executives who will "swing for the fence for themselves rather than just option everything" in this exclusive interview with The Gold Report.

Eric Coffin: Junior Mining Companies Playing the Exploration End Game

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Eric Coffin: Junior Mining Companies Playing the Exploration End Game