Gold! Gold! Gold! Gold!

As the price of gold soars ever higher the people over at Market Club have made a new video spotlighting 4 different ways to profit from gold.

4 different ways to profit from gold vido

To view a complete list of ASX gold company’s visit this link

I wonder how many people know that after the merger /TO of NCM and LGL that Australia’s second largest gold miner by market cap (and by quite a way) is ANDEAN GOLD. AND have a very rich, very large, project in Argentina that is outside the clutches of the RSPT plus it is just about to commence mining and will have one of the lowest costs of production in the world.

Tim Treagold tips it as one of the most likely golds to see some corporate activity in the near future… Since the RSPT announcement AND has risen around 15%.

As I hold AND I say thank you Mr Rudd but!

SHALLOW BEDROCK DRILLING INTERSECTS HIGH GRADE GOLD UP TO 39g/t (1.25 oz/t), SILVER UP TO 350g/t (11.25 oz/t) AND TELLURIUM UP TO 730g/t
WILGAR IOCG TARGET COINCIDENT WITH GRAVITY HIGH
Aggregate result: 257m @ 3.58g/t Au (0.5g/t cutoff)
Aggregate result: 301m @ 67.80g/t Ag (2.18 oz/t) (31 g/t (1 oz) cutoff )
(full results included at end of report)
Unit 34, Brickworks Annex,19 Brolga Avenue, SOUTHPORT 4215
Phone: +617 5503 1955 Facsimile: +617 5503 0288
Email: admin@cudeco.com.au
MARKET RELEASE 25 May 2010

“In my 40 or so years of experience, many of which were involved with gold mining operations, I have not seen these types of initial high grade, shallow “top-soil” type results for gold or silver. These sorts of bedrock drilling programs normally deal in results based on a PPB (parts per billion) measure, yet we are generating results more suited to a PPM (parts per million) program. I have never before experienced mineralisation in Gold and Silver in “top-soils” so consistently in these proportions or at these high grades, which suggests this particular area may be the deteriorated, oxidised and/or weathered remains of something deeper, that outcrops as the “twin hills” at Wilgar. Significantly for me, the fact we get similar high grades in the soils as we do in the underlying bedrock, tells me the mineralisation has not travelled far, so is not simply the product of a long term supergene enrichment process.

A second Bedrock Drill Program has already been carried out and we await the assay results. At this stage we do not have enough information to confidently determine the likely extent of mineralisation at Wilgar, but given the proximity to a large gravity signature, and nature and style of exotic minerals found
to date, we believe Wilgar is likely to be part of a large IOCG system and as such, have not ruled out the possibility that Wilgar sits on the outer rim of a much larger Porphyry and/or mineralised breccia pipe.

There is no doubt these results have lifted the prominence of Wilgar which is not surprising as it has always been my opinion that something significant was waiting…hopefully not too much longer.

Due to the time frame constraints of only having two days to prepare the announcement, a more detailed report will be forthcoming. The next report will detail all of the previous drilling at Wilgar which will describe the widespread mineralisation in the area. This latest bedrock drill program is a another piece of the “puzzle” and was designed to follow up the holes that intersected high grade mineralisation at depth and to determine the extent of mineralisation to help determine trends and its possible association with previous drilling.

If the DOJ is interested then Ted Butler might be about to become known as a guy with a lot of foresight as well as courage and tenacity.

“DOJ Antitrust Division Considering Launching Investigation Into Silver Market Manipulation By JPM”

“As Eric King discloses in its letter the Anti-Trust division announces that “it will carefully consider the issue of silver market manipulation by JP Morgan and other traders. Generally the CFTC investigates these types of market manipulations. However, the suggestion that JPMorgan Chase may be signaling other traders, warrants further analysis. The DOJ will carefully consider the issue you raise, and you can be assured that if we conclude that silver traders have engaged in anti-competitive conduct, we will take appropriate enforcement action.”

Full article

There is a fair amount of steam behind this story…

Australian Gold - Australian Bullion Coins Dealers

http://www.australian-gold.com/dealers.html

Andean confirms, extends Cerro Negro gold, silver

Source: News Bites

Andean Resources Ltd has confirmed and extended the high-grade gold and silver mineralisation at its Cerro Negro project in Santa Cruz province, Argentina.

The discovery of the San Marcos, Mariana Norte, and Mariana Central vein systems 4-6km northeast of the Eureka deposit has lead to a focused drill program that is defining the shape and extent of these potential ore bodies.

Highlights from San Marcos include:

SDD-1004: 12.4m of 16.5g/t gold and 131g/t silver (Ag) from 143.6m

SDD-1005: 6.4m of 10.7g/t gold and 144g/t Ag from 142.7m

SDD-1007: 3.65m of 12.2g/t gold and 52g/t Ag from 108m

SDD-1008: 11.45m of 15.2g/t gold and 136g/t Ag from103.55m

Holes SDD-1010 and SDD-1012 extended the mineralisation in the San Marcos veins a further 100m to the east and may have intersected the veins at a shallower angle due to a potential change in the vein dip.

Vice president of exploration William Wulftange says Cerro Negro now has at least three distinct centres of mineralisation that include Bajo Negro and Vein Zone to the east, Eureka to the west and now the Mariana’s and San Marcos mineral system in the north central part of the property.

“The fact that all three systems have significant gold grades over broad widths is quite exciting and a very rare occurrence in the gold industry,” he said. “I believe that as the exploration program continues, Andean geologists will develop a geologic link between the three deposits that will help us find additional mineral zones outside of the current known deposit areas.”

Lihir Gold one of Australia’s most prolific gold producers has come under attack by another very large and powerful gold company Newcrest ASX: NCM.

NCM’s ~AUD$8.5B bid, probably the largest amount ever offered for an Australian gold miner has put LGL into play and LGL’s out of hand rejection seems to have initiated the beginning of “hostile” takeover attempt by NCM.

One wonders if there isn’t another player in the wings or that NCM needs to bulk up to protect itself from Newmont or perhaps even one of the major diversified miners.

What seems clear is that Friday’s 33% rise could be just the start of the action for Australian investors with LGL shares…. perhaps witnessed by even the Fat Prophets not calling it a sell as they seem so prone to do.. with their recommendations lately at the beginning of a takeover attempt to cut and run.

So more to come is my guess…..

I hold CDU and have done so quite some time.

They are an interesting compnay with a very large copper deposit and quite a large area of land that continually brings new drill results.

The last form the first pass drilling at their Wilgar area is simply as one Melbourne Broking house put it “amazingly rich”.

Silver (Ag) 4,030ppm (4.03kg/t)
Gold (Au) 12.6ppm (12.6g/t)
Molybdenum (Mo) 31,800ppm (3.18%)
Tellurium (Te) 2,640ppm (0.26%)
Uranium (U) 2,280ppm (2.3kg/t)
Selenium (Se) 9,780ppm (0.98%)

LMRC754 intersected;

Silver Intersection
Intersected 10m @ 457 g/t Ag from 44m – 54m (hole ended in mineralisation at 54m)
Including 2m @ 3260 g/t Ag from 52m – 54m
Including 1m @ 4030 g/t Ag from 52m – 53m

Gold Intersection
Intersected 10m @ 1.49 g/t Au from 44m – 54m (hole ended in mineralisation at 54m)
Including 2m @ 7.14 g/t Au from 52m – 54m
Including 1m @ 12.6g/t Au from 52m – 53m

Molybdenum Intersection
Intersected 2m @ 1.76% Mo from 52m – 54m (hole ended in mineralisation at 54m)
Including 1m @ 3.18% Mo from 52m – 53m

Uranium Intersection
Intersected 2m @ 1305ppm U from 52m – 54m (hole ended in mineralisation at 54m)
Including 1m @ 2290ppm U from 52m – 53m

Selenium Intersection
Intersected 2m @ 5415ppm Se from 52m – 54m (hole ended in mineralisation at 54m)
Including 1m @ 9780ppm Se from 52m – 53m

Tellurium Intersection
Intersected 2m @ 1500ppm Te from 52m – 54m (hole ended in mineralisation at 54m)
Including 1m @ 2640ppm Te from 52m – 53m

“”The Rainden Prospect is coincident with a major conductivity target which has been significantly extended by the new updated SAM Geophysical Survey area. To the north west of Rainden, the same conductivity signature continues for over 3.5km and intersects the polymetalic Wilgar prospect (copper/gold/uranium/silver). The Rainden conductivity target zone, is over 6km in total length and is considered a potentially significant target zone, hosting at least two known historic areas of mining, namely Rainden and Wilgar.”

Silver price bounces back
by Metals Place
Thursday, March 11, 2010

Silver is showing it’s still very much tied to gold, tracking the yellow metal down on price chopping news out of China, the oil trade and the currency markets. On Tuesday, gold fell as low as $1107.60 an ounce before rebounding later in the day to $1122.20.

Oil prices gave back almost 2 per cent of the last eight weeks’ gains on a stronger dollar and an anticipated increase in US crude inventories. Gold often follows oil bringing silver along for the ride.

The dollar grew strong as the euro weakened in the face of continuing debt concerns making commodities including gold and oil lose their luster.

“The euro is down and the dollar is up. Energy is down as well. So it’s making it real easy for the metals to come down,” said Patrick Lafferty, MF Global commodity trading adviser.

While the weak euro in relation to the dollar is pressuring precious metals prices, analysts view the ongoing debt crisis in the euro zone as price positive over the long-term.

China’s push back against rumours it’s looking to buy considerable gold supplies off the IMF also dampened gold’s shine.

“Gold is not a bad asset, but currently a few factors limit our ability to increase foreign-exchange investment in gold,” said Yi Gang, head of China’s State Administration of Foreign Exchange. Those factors include the relatively small size of the market and the potential impact on price.

Silver’s industrial role still weighing on outlook

Despite the gold market’s heavy influence over precious metal silver’s price actions, many analysts still see the white metal’s industrial side having a major impact on the market over the long-term.

The industrial metals sector as a whole is expected to improve this year and next as global economic growth improves, although the going will be slow.

“We’re not expecting particularly strong growth in the world outside China, but we are forecasting global growth will move from a decline of 1 per cent in 2009 to a gain of 3.7 per cent in 2010. That’s a strong inflection point,” said Bart Melek, global commodity strategist at BMO Capital Markets.

Casimir Capital research director Wayne Atwell expects a strong metals market over the next decade, but investors should still expect some “speed bumps” along the way.

RBC Capital Markets recently gave its perspective on the short- to medium-term silver market. Its analysts expect silver’s fundamentals to remain positive as industrial and investment demand increase and outpace new mine supply in 2010. RBC puts its average silver price forecast at $15 per ounce for 2010 and beyond.

In a recent interview with Resource Intelligence, Managing Director of CPM Group Jeffrey Christian showed his bullish side with a $20 to $22 an ounce silver forecast over the first four months of 2010 with an average price of $17 to $18 for the year.

Read more at http://www.proactiveinvestors.com.au/companies/news/5577/silver-price-bounces-back-5577.html

LME Al up 1.03%, Cu up 6.18%, Lead up 3.91%, Ni up 4.18%, Tin up 3.18%, Zn up 3.12%, Copper prices jumped the most since August on signs of increasing demand as bank loans increased in China, the world’s biggest user of industrial metals. (Copper has dropped 6.4 percent this year on signs of increasing supplies. Inventories in warehouses monitored by the London Metal Exchange have climbed 8.6 percent in 2010. On the LME, copper for delivery in three months jumped 6.2 percent to $6,939 a metric ton ($3.15 a pound), the biggest gain since March 19. Zinc, nickel, lead, tin and aluminum also climbed. An index that measures the six metals advanced 4.7 percent, the most since Nov. 16. )