Gold Stock Bull

I don’t see much future for the United States, and I put it on economic grounds. Forget moral grounds. We’re far beyond any known morality, and we are embarked upon a kind of war against the rest of the world. We are going to go broke. The dollar loses value every day. So, I put it down to economic collapse may save the United States from its rulers. - Gore Vidal

Politics aside, I started writing an article a few days ago in which I was calling a top for the Dow. Yesterday’s selloff seems to have confirmed my suspicions. The Shanghai Composite index sank 8.8 percent and dragged down economies worldwide along with it. The Dow Jones industrial average and the Standard & Poor’s 500 Index both closed down more than 3 percent, marking their biggest one-day percentage drops in nearly four years. The Nasdaq suffered its biggest decline since December 2002. And all across the globe emerging-market ETFs were hit hard.

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Aqua Rica. “Rich Water” in Spanish, is the name of a gold/copper/molybdenum property that was recently assigned a Net Present Value of $2 billion dollars. Northern Orion is the name of a $529 million market cap miner that owns 100% of this property. Got your attention? It gets better…

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Timing is everything and now is the time to be positioned in gold, silver and energy. We are about witness the largest upleg of the gold bull, wave III, which will make the gains of the dotcom boom seem like minor blips on the radar. An outstanding statement no doubt, but the bullish indicators are all lighting up and we are forecasting some fireworks on the horizon. Read the rest of this entry »