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Minefinders is expecting to begin production within months. The stock is closely held and the management acted responsibly when raising money during the exploration phase. (See disclaimer on website). I have invested in this company. This is not a core holding as would be Goldcorp or Yamana Gold. However, this stock has dramatic upside potential. Greater risk but greater reward potential.<\/p>\n
Gold and silver bullion were a buy this week. $870 gold and $16.50 silver are looking cheap now. Higher energy prices will force metal producers to keep prices higher. Miners will shut down mining if costs exceed prices of their products. They have done this in the past. This creates a floor for metals prices. China continues to play a major role in prices. Their new middle class will have a ravenous appetite for goods and services that the West has been accustomed to. Their meat consumption will rise. It takes a lot of grain to feed cattle. Moving from a vegetarian diet to include meat will have an inflationary impact on global food prices and supply. Americans MUST start thinking globally. The American-centric world has come to an end. U.S. companies with employees in other countries are being pressed to pay those employees in Euros or Canadian Dollars. Those employees are losing purchasing power when paid in U.S. Dollars.<\/p>\n
Yamana Gold has had a 33% retracement in price. From a technical point of view, that is a good buy signal:<\/p>\n