By the Numbers for the Week Ending January 27

HOUSTON --  Just below is this week’s closing table followed by the CFTC disaggregated commitments of traders (DCOT) recap table for the week ending January 27, 2012.

 
If the images are too small click on them for a larger version.

Vultures, (Got Gold Report Subscribers) please note that updates to our linked technical charts, including our comments about the COT reports and the week’s technical changes, should be completed by the usual time on Sunday evening (by 18:00 ET). 

As a reminder, the linked charts for gold, silver, mining shares indexes and important ratios are located in the subscriber pages.  In addition Vultures have access anytime to all 35 of our Vulture Bargain (VB) and Vulture Bargain Candidates of Interest (VBCI) tracking charts – the small resource-related companies that we attempt to game here at Got Gold Report.   Continue to look for new commentary often.  This was a good week for many of our “Faves.” 

Remember that the linked charts on the subscriber pages are always the first place to look for new commentary at GGR.  In the future we intend to rely more on the charts to communicate, especially when it comes to our own trades.  Please note changes to our stop levels for our silver and GDXJ trades underway on Sunday evening also.  

 
Continued…

GDXJ Shows More Signs of Outperformance

HOUSTON – From the Chart Book.  One hopeful sign for bargain loving Vultures who stepped in to build positions in their favorite junior miners and explorers late last year is the performance of the smaller, less liquid and more speculative miners and explorers relative to their larger cousins, like the companies represented in the AMEX Gold Bugs Index or HUI.  We Vultures stuck our very long necks out in kind of a big way from October to the end of December – taking advantage of the shares being thrown overboard by tired, scared or disgusted penny stock gamers, or perhaps the Ridiculous Cheap offerings of late year tax loss sellers, who were more interested in maximizing losses than they were maximizing the amount of cash they might raise by selling. 

At the end of 2011 The Little Guys, as we like to call them, were likely at the tail end of a very bad negative liquidity event period (NLE), which drove prices for many of them into Penny Stock Purgatory.  From March to December of 2011 we went from a period where we were unable to find any junior mining stock bargains to the complete opposite – a bargain target rich environment for The Little Guys.  The relentless negative liquidity event demoralized penny stock gamers to the point where sentiment became morose and defeatist.  Then came the heavy tax loss selling period from October to December.  The first part of the year was very good; traders had booked big gains; but the smaller companies sold off so hard after that the need to offset some of those gains with horribly beaten up juniors trumped all else.  The Vulture Tax Loss Selling Season for 2011 was trophy class. 

Now, however, it may be time for a little optimism for our Vultures who took advantage of the nasty sell downs of 2011.  From about April to December the smaller miners and explorers were mistreated by the market and one way we can gauge that is by how they traded relative to the larger companies in the HUI. As the chart below comparing the Market Vectors Junior Gold Miners Index or GDXJ with the HUI shows clearly, The Little Guys strongly underperformed the Big Boys of the mining biz from at least May to December.

(GDXJ:HUI, daily, 2-years, performance. If any of the images are too small click on them for a larger version.) 

Continued… 

Eric Sprott on the PSLV Secondary Offering

“We love you and what you have done for precious metals optionality, but a high premium is not a good thing, Mr. Sprott.  You can fix that; please do so, sir.” – Gene Arensberg

HOUSTON -- In the linked audio interview below Sprott Asset Management’s Eric Sprott tells Eric King of King World News that the recent secondary offering for the Sprott Physical Silver Trust (PSLV, a closed end fund, not an ETF) reached $349 million, including the over-allotment green shoe granted to the underwriters.  Mr. Sprott confirmed they had already made buy commitments for the additional silver, but was uncertain when the metal would arrive. 

Unfortunately Mr. Sprott chose to focus his comments on the miniscule increase in the net asset value (NAV)  the new silver purchase adds to PSLV rather than addressing or apologizing for the destructive collapse in the overly high (up to 30%) premium the trust had risen to just ahead of the offering. Recall that we reported on that premium collapse for PSLV on January 22 (article at this link), highlighting the danger to closed end fund investors of buying shares of the securities when their premiums have been bid up to unreasonable and unjustifiable levels.

There can be no justification for anyone to pay as much as 30% over the spot price for any silver trading vehicle, no matter how good one thinks it is.  Very high premiums are the same thing as paying too much and high premiums mean one gets less action for their silver trading dollar.  The short-term chart below shows PSLV side by side with iShares Silver Trust (SLV, a continuous offering ETF which tracks in lock-step with the price of silver). The chart documents how Sprott’s PSLV first traded to a high premium and then how that overly high premium evaporated literally overnight.  Even though silver has advanced more than 10% since January 10, for example, as of today, January 26, a buyer of PSLV on January 10 would have a loser on his hands instead of a big winner.  What is “good” about that? 

(SLV and PSLV, 1-month, 60-min increments. If the image is too small click on it for a larger version.)

Continued…   

Gold and CDNX Breakout Attempts

HOUSTON – On January 18 we penned a piece to let everyone know that the S&P TSX Canadian Venture Exchange Index or CDNX had crossed a potentially bullish technical line in the trading sand – it was then testing the neighborhood just above the popular 50-day moving average.  (See article here.)  Today, January 25, the CDNX inched across another potentially bullish technical hurdle – it staked out some chart real estate just above a downtrend channel with origins going back to March or April, as shown in the chart below.

 
(CDNX, daily. If any of the images are too small click on them for a larger version.) 

Perhaps as interesting as where the CDNX finished the day is how it did so – on pretty good volume of about 158 million shares and hard upon its high for the day.  That’s not huge volume for the CDNX, but it isn’t chopped liver either.  Important index moves are more believable when they are on good volume.

Continued… 

Northern Tiger Volume Candle Chart

From the Chart Book.  Just below is our 3-month 60-minute Volume Candle tracking chart for Northern Tiger Resources (TSX:NTR.V or NTGSF) by request.  The chart largely speaks for itself as it reflects the end of tax loss selling on December 30 and a dramatic commitment of CEO Greg Hayes to purchase shares of his own company in the open market - the details of which are in the GotGoldBlog post previous to this one. 

Continued... 

Northern Tiger’s Greg Hayes Heavy Insider Buying of NTR Continues

Recall that we noted in an earlier notice in VultureInReview that Northern Tiger’s CEO Greg Hayes bought at least 668,000 shares of his own company in the open market using his own after-tax money from December 20-22 at prices from $0.13 to $0.14. (See that notice here.) 

Well, Mr. Hayes is apparently not done adding shares of Northern Tiger (NTR.V or NTGSF), as the data below provided by Ink Research shows that from January 5 to 19 Mr. Hayes bought an additional 256,000 shares at prices between $0.17 and $0.175.

Continued... 

World Gold Council – Record Central Bank Gold Buying in 2011

Our friends at Stephen Flood’s GoldCore.com write in today’s update:  “The World Gold Council published its yearly report on gold’s performance for 2011. They report, “During 2011, the US dollar price of gold rose by 9% ending the year at US$1,531/oz based on the London PM fix, marking the 11th consecutive year of price increases. During the first part of January 2012, the price of gold continued its upward trend above the US$1,600/oz level.”

Continued...

Sprott Silver Trust (PSLV) Premium Collapse Costly

HOUSTON --  Just below is a good reason to pay attention to the premium over net asset value a metals trading vehicle is carrying BEFORE buying it.  On January 16 when we issued our last full Got Gold Report, we warned in clear and unambiguous terms that the premium then extant for the Sprott Physical Silver Trust (NYSE:PSLV, more than 24% over net asset value then) “could evaporate at the drop of a hat.”  Failure to pay attention to overly high premiums can be disappointing and costly. 

Investor Alert - Heart of China Bull Beats Strong

Our friend Frank Holmes, CEO of U. S. Global Investors shares more of his thoughts China’s future. He andinvestment strategist Keith Fitz-Gerald, have written several articles highlighting the strong bullish outlook for Chinas future and describing thesupercycles, or what they call S-curves along with explanations of the anecdotes of ghost cities, empty shopping malls, robber barons, etc., that are cast

Milton Friedman on the Concentration of Power in the U.S.

It may look dated in terms of the clothing people wear, but the message of this installment of Milton Freidman’s TV series “Free to Choose” is both timeless and timely in this presidential election year.

SilverSeek Virtual Silver Investment Conference Tuesday, January 31

Our friends at SilverSeek.com are putting on a virtual conference for those interested in the tiny silver market. Headliners include Eric Sprott of Sprott Asset Management, James Turk of GoldMoney.com, David Morgan of Silver-Investor.com and Julian Phillips. Exhibiting companies include First Majestic, Endeavour, Great Panther, Aurcana, SilverCrest Mines, Huldra and Extorre.

New Gold Custodian Provider Announced by CME

Just below is a Friday memo from the CME announcing a new gold custodian provider for the CME.

Newmont’s O’Brien on Gold

Newmont Mining president and CEO Richard O’Brien give a frank assessment from snowy Davos Switzerland in the brief video below. O’Brien says that gold is not only expensive to find and mine, but it also takes a long time to permit it. “It is a very intensive business and it (the resource) does deplete every day,” he said. “This is

Pedro Schwartz – Savings vs Consumption

Our friends at GoldMoney Foundation describe the video below as: “In this video Pedro Schwartz, professor of Economics at Madrid’s San Pablo University, and Alasdair Macleod of the GoldMoney Foundation talk about savings and consumption. Schwartz talks about the connection between savings and investment, a point that is often overlooked in his view. There is no opposition between savings and

F-22 and F-35 Test Pilot in Lockheed Promo

Al Norman, Senior Experimental Test Pilot for Lockheed Martin, talks about the F-22 and the F-35. For our pilot Vultures.

Eric Sprott on the PSLV Secondary Offering

“We love you and what you have done for precious metals optionality, but a high premium is not a good thing, Mr. Sprott. You can fix that; please do so, sir.” – Gene Arensberg HOUSTON -- In the linked audio interview below Sprott Asset Management’s Eric Sprott tells Eric King of King World News that the recent secondary offering for

JP Morgan’s Jamie Dimon on CNBC

CNBC Interview with JP Morgan Chase head honcho Jamie Dimon in Davos just below. Worthy of sharing.

Frank Holmes in Vancouver

Our friend and head honcho of US Global Investors Frank Holmes talks about his debate with Gordon Chang on China. Holmes the China Bull, Chang the China bear. In “Frank Terms” Holmes represents the China “bid” and Change represents the China “offer.” A condition Holmes deems as “healthy.” (As in a healthy debate.)

Northern Tiger Volume Candle Chart

From the Chart Book. Just below is our 3-month 60-minute Volume Candle tracking chart for Northern Tiger Resources (TSX:NTR.V or NTGSF) by request. The chart largely speaks for itself as it reflects the end of tax loss selling on December 30 and a dramatic commitment of CEO Greg Hayes to purchase shares of his own company in the open market

Brent Cook in Vancouver

Exploration Insights editor Brent Cook sits down with the capable Bridgitte Anderson at the Cambridge House conference in Vancouver featuring over 500 companies this year. Cook begins with a familiar theme, that 95% of all juniors will not become successful.

Peter Grandich in Vancouver

Peter Grandich tells Bridgitte Anderson that investors face an uphill battle on Wall Street. Having said that he sees opportunity in Asia. Grandich mentions his new book “Confessions of a Wall Street Whiz Kid,” why and how he overcame bouts of severe depression to come back from a personal abyss.

Mercenary Mickey Fulp in Vancouver

Mercenary Geo Mickey Fulp says things are getting better following a “horrible tax loss selling season.” He tells Bridgitte Anderson how he uses his experience as a Geo and a process of elimination to winnow the giant junior mining space down to just a few companies to game.

David Morgan in Vancouver

David Morgan shares one of his “rants” with Bridgitte Anderson that he covered in his presentation in Vancouver. His presentation was devoted to busting myths about silver, such as the myth that “silver is not money.” See what the Silver-Inverstor.com guru says to people that say they like his story about silver but think they have missed the move in

Ross Beaty in Vancouver

Ross Beaty, chairman of Pan American Silver and Alterra Power Corp. tells Bridgitte Anderson that he decided to focus on “clean energy” (geothermal, hydro, wind, solar, etc.). Currently that means Alterra Power Corp. Not exactly our cup of tea, but lots of folks like the idea of so-called “green energy.”

Calandra in Vancouver

A wide ranging interview with Torrey Hills Capital maven, Thom Calandra, one of the founders of MarketWatch. Thom says he ignores most geopolitical risk and likes to get in early to places deemed risky. To be there when they are no longer considered that way. He tells Bridgitte Anderson that it has become harder for the smaller miners to raise

Steve Liesman Does the Fed

CNBC describes the videos below: “Hawks, Doves and the Chairman: Fed Policy Explained These are historically contentious times within the Fed. As the Federal Open Market Committee begins its two-day January meeting Tuesday, its members have carved out opposing positions on everything from the economic outlook to the benefits and dangers of its unparalleled easy interest policies.

Manson Creek Acquires Gold Project Adjacent to 7 Million Ounce Gold Producer

Manson Creek Resources Ltd. (‘Manson Creek’) is pleased to report that it has entered into an option with Panarc Resources to acquire a 100% interest in the Up Town Gold project located adjacent to the historic Giant mine in the Northwest Territories.

Northern Tiger’s Greg Hayes Heavy Insider Buying of NTR Continues

Recall that we noted in an earlier notice in VultureInReview that Northern Tiger’s CEO Greg Hayes bought at least 668,000 shares of his own company in the open market using his own after-tax money from December 20-22 at prices from $0.13 to $0.14. (See that notice here.) Well, Mr. Hayes is apparently not done adding shares of Northern Tiger (NTR.V

Rye Patch Gold Stakes More Claims And Starts Drilling At Rochester

Vancouver, British Columbia, January 24, 2012 - Rye Patch Gold Corp (TSX.V: RPM; OTCQX: RPMGF) (Rye Patch or the Company) through its wholly owned subsidiary, Rye Patch Gold US Inc., is pleased to announce the Company has staked an additional 60 claims covering approximately 3.5 square kilometres (856 acres) located south and west of the Rochester Silver mine in Pershing

Juan Ramón Rallo and Alasdair Macleod talk about the Spanish economy, gold and silver

James Turks’s GoldMoney Foundation describes the video below as: In this video Juan Ramón Rallo, economist and university professor in Madrid, and Alasdair Macleod of the GoldMoney Foundation talk about the Spanish economy, gold and silver. Rallo sees growing interest in the teachings of Austrian economics, because it’s the only school that provides a theory of the business cycle in

World Gold Council – Record Central Bank Gold Buying in 2011

Our friends at Stephen Flood’s GoldCore.com write in today’s update: “The World Gold Council published its yearly report on gold’s performance for 2011. They report, “During 2011, the US dollar price of gold rose by 9% ending the year at US$1,531/oz based on the London PM fix, marking the 11th consecutive year of price increases. During the first part of

Paragon Reports Initial Resource Estimate on Lemarchant VMS Deposit Read more: http://www.digitaljournal.com/pr/557350#ixzz1kICcPROL

VANCOUVER,Jan. 23, 2012/CNW/ -Paragon Minerals Corporation(TSX-V: PGR; Paragon) is pleased to report the first National Instrument 43-101-compliant Mineral Resource Estimate for the Lemarchant volcanogenic massive sulphide (VMS) deposit on its 100%-controlled South Tally Pond project in central Newfoundland.

Evolving Gold: Drilling Intersects High Grade Gold In New Gold Target at Rattlesnake Hills, Wyoming

VANCOUVER, Jan. 23, 2012 /PRNewswire via COMTEX/ -- Evolving Gold Corp.CA:EVG-1.49%(otcqx:EVOGF)DE:EV7+0.76%(the Company) is pleased to provide an update of the 2011 drilling at its Rattlesnake Hills gold property in Wyoming, a joint venture with Agnico-Eagle (USA) Limited (Agnico-Eagle). Core drilling during 2011 has identified high grade gold mineralization at a new target at South Stock, identified a new porphyry target

Bayfield Ventures Corp.: Bayfield Discovers Multi-Gram Gold in New Far East Zone on Burns Block in Rainy River, NW Ontario

January 23, 2012,Vancouver, BC - Bayfield Ventures Corp. (TSX-V: BYV) (FWB: B4N) (the Company) is pleased to announce assay results from the early stage exploration of the eastern portion of its Burns Block. The Companys 100% owned Burns Block gold- silver project is located in the Rainy River District of north-western Ontario and is situated adjacent to the east and

David Morgan – China Actions in Precious Metals ‘Speak Loudly’

SilverInvestor.com’s David Morgan in a recent Fox News interview focuses on China demand for precious metals. We deem it worthy of sharing.

Davies – ECB LTRO Facility Allows European Banks to Offload Crap Assets for Cash

Hinde Capital’s Ben Davies tells Eric King of King World News that 2012 will be a year of sovereign defaults, which occur in clusters. Using a “French” monetary technical term to describe how ingenious the funding mechanism that was recently adopted for European banks was, the LTRO mechanism, allowing them to borrow at zero interest rates in a longer term

Naylor-Leyland – Bullion Banking System ‘not Fully Backed’

GATA’s Chris Powell sets up the video below by writing: “Cheviot Asset Managements investment director, Ned Naylor-Leyland, was interviewed for 7 minutes the other day on CNBC Europe and noted that the bullion banking system is not fully backed -- that is, that it is selling promises of gold it doesnt have.”

Friday Levity – 1960s Car Ad

The video below is making the rounds again. It is reportedly an actual live TV car ad circa 1970 with Bay Area super car salesman Chick Lambert and his dog Storm, then working for Bayshore Chrysler Plymouth in San Bruno, a Ralph Williams dealership. If the set up for this video is correct, the ad actually ran once, but only

Manson Creek Corporate Presentation for 2012 – Going for the Kill Zones

Manson Creek Resources (TSX:MCK.V) has posted its new corporate presentation for 2012 on their web site, likely in preparation for the winter conference season. Their focus is, as one might expect, on the Tell property and the seven undrilled natural spring gossans and related vegetation kill zones identified there in the Yukon. According to MCK, the Tell gossan, located immediately

Kung Fu Girl with Louis James on Gold and Mining Shares

Senior mining analyst for Casey Research, Louis James, looks into his crystal ball and comes up with “his story” of the markets with the saccharine-sweet-voiced Susan Fujii, aka “Kung Fu Girl” at Kung Fu Finance.

Argus Increases the Hyland Main Zone Gold Deposit Resource Estimate to a NI 43-101 Compliant 361,692 oz Gold and 2,248,948 oz Silver

Vancouver, B.C., January 19, 2012 Argus Metals Corp. (the Company or Argus) (TSX.V AML) announces an updated NI 43-101 compliant resource estimate for the Main Zone gold deposit at the Hyland Gold Project, 74 km NE of Watson Lake, Yukon. The Main Zone gold inferred resource, at a 0.6 g/t gold equivalent (AuEq) cutoff now stands at 12,503,994 tonnes containing

Bayfield Expands Rainy River Exploration Program with Drilling Commencing on "C" & "B" Block Properties

Vancouver, BC - Bayfield Ventures Corp. (TSX-V: BYV) (FWB: B4N) (the Company) is pleased to announce an expanded exploration program on its projects in the Rainy River District of north-western Ontario. Diamond drilling is now underway on the Companys 100% owned, 1,976 acre C Block property situated to the west of Rainy River Resources (TSX: RR) multi-million ounce gold deposit.

Colorado Resources Ltd.: Neve Anomaly Extended to Over 4 km

New Golden Ridge Anomaly 6 km Long WEST KELOWNA, BRITISH COLUMBIA, Jan 19, 2012 (MARKETWIRE via COMTEX) -- COLORADO RESOURCES LTD. (TSX:CXO.V) (Colorado or the Company) is pleased to announce that it has received the final results from its 2011 exploration program and planning is underway for an expanded 2012 exploration program on its Oro Property, MacMillan Pass, Yukon.

Obama Favors Saudi Arabia and Venezuela Over Canada Oil

“Barack Hussein Obama announced Americas new energy policy: He prefers Saudi conflict oil shipped in on tankers over Canadian ethical oil in a pipeline. Its a bizarre decision for the president of a country with 9% unemployment, that could use the thousands of well-paying jobs that will be created building the state-of-the-art pipeline.

Revisiting Our Proposal for an Overnight Gold Fund

“In August 2010 we wrote an article entitled “Proposing An Overnight Gold Fund” in which we explored the potential for launching a fund that held long positions in gold overnight and was short gold during the day. We pointed out that “a hedge fund starting in 2001 with $100m, with the strategy of being long gold from the PM to

At last Financial Times notices that central banks do shady things with gold

Central banks increased the amount of gold they lent for the first time in a decade in 2011, as they used their bullion reserves to help commercial banks raise US dollars. Although central banks hold one sixth of all the gold ever mined in their reserves, their activities in the bullion market are opaque, with not a single institution revealing

David Bond – The War Against Us

David Bond, writing for the Wallace Street Journal in God’s Country, aka Wallace, Idaho, writes: “Just when was it that the United Snakes of America declared war on the Coeur dAlene Mining District, and why?

The 280mm Atomic Gun Test - Lookout Mountain, Nevada

Being holders of shares of Timberline Resources, when we noticed that the title of this vintage video contained the words “Lookout Mountain” it sparked more than normal interest. The video is of the 1950s test of the 280mm “Atomic Gun,” using an artillery round with a tacticalnuclear warhead.

Sprott Physical Silver Trust Announces Follow-on Offering of Trust Units

TORONTO, ONTARIO--(Marketwire - Jan. 17, 2012) - Sprott Physical Silver Trust (the Trust) (TSX:PHS.U)(NYSE:PSLV), a trust created to invest and hold substantially all of its assets in physical silver bullion and managed by Sprott Asset Management LP, announced today that it has launched a follow-on offering (the Offering) of transferable, redeemable units of the Trust (Units).

David Morgan – Tackles Silver Myths in Video

Silver-Investor.com founder David Morgan shares a portion of an upcoming presentation at the Vancouver gold confab about to get underway. We found it worthy of sharing.

Corvus Gold Achieves High Gold Recoveries in Large Diameter Column Tests at North Bullfrog Project, Nevada

Vancouver, B.C……..Corvus Gold Inc. (“Corvus” or the “Company”) - (TSX: KOR, OTCQX: CORVF) announces the results of its initial large diameter column leach testing of oxide resource materials from its 100% controlled North Bullfrog Project near Beatty, Nevada. The leach columns, which were testing coarse crush material (2 inch minus) from the Sierra Blanca and Jolly Jane areas (representing over

CONSTANTINE REPORTS FINAL DRILL RESULTS FOR TRAPPER GOLD PROJECT, BRITISH COLUMBIA

Including 25 Metres of 1.03 g/t Gold within 147.5 metres of 0.42 g/t Gold Vancouver, BC – Constantine Metal Resources Ltd. (TSX Venture – CEM) (Constantine or the Company) is pleased to report final drill results for the 2011 drill program carried out on the Company’s 100% owned Trapper Gold project, northern British Columbia. The 100% partner funded program included

Timberline Extends Gold Zone at Lookout Mountain With Additional Drill Results from South Eureka, Nevada

COEUR DALENE, IDAHO, Jan 17, 2012 (MARKETWIRE via COMTEX) -- Timberline Resources Corporation (Timberline or the Company) today announced that it has extended the gold zone at its Lookout Mountain Project with additional significant assay results from the recently-completed 45,000-foot drill program at its South Eureka Property near Eureka, Nevada.

GREAT PANTHER SILVER REPORTS IMPROVED FOURTH QUARTER PRODUCTION

GREAT PANTHER SILVER LIMITED (TSX: GPR; NYSE Amex: GPL; the “Company”) reports fourth quarter (“Q4”) and annual production at its two wholly-owned Mexican silver mining operations, Guanajuato and Topia. Metal production for Q4 increased from Q3 by 13% to 545,294 silver equivalent ounces (“Ag eq oz”).

Northern Tiger Resources Reports Final 2011 Drill Results at 3Ace Property, Yukon Intersects Include 2.58 g/t gold over 53.0 metres and 70.11 g/t gold over 1.1 metre

January 17, 2012: Northern Tiger Resources Inc. (Northern Tiger or the Company) (NTR: TSX-V) is pleased to announce that assays have been received for the final nine diamond drill holes from the 2011 drilling campaign at the 3Ace Property in the southeast Yukon.

Join Northern Tiger Resources Inc. at the Vancouver Resource Investment Conference!

January 22-23, 2012 Vancouver Convention Centre West 1055 Canada Place | Vancouver, BC | V6C 0C3 | Canada Northern Tiger Resources (NTR: TSX-V) will be exhibiting at Booth # 1912. Please drop by the booth and get the latest update on what’s in store for 2012!

Mucho Mickey Fulp

Our good friend and savvy geo, Mickey Fulp, who goes by the moniker The Mercenary Geologist and is a well known, respected authority in the small junior resource market has put together a series of pod casts in a kind of all-Mickey-all-the-time “radio” station. For those who can’t get enough of Mickey’s “musings” just below is a link to a

TLR - Highland gold mine south of Butte on track

Local Story on Timberline Resources (AMEX:TLR)from the Billings Gazette Tim Trainor, writing for the Billings Gazette begins a January 13 story: “BUTTE -- Exploratory drilling returned better than expected results and two companies are on track to begin mining gold from the Highlands, south of Butte, by mid-2012.

Additional High-Grade Gold Intersected at South Reef Discovery on Bravo's Homestake Ridge Project

VANCOUVER, BRITISH COLUMBIA, Jan 16, 2012 (MARKETWIRE via COMTEX) -- Bravo Gold Corp.CA:BVG0.00%(frankfurt:B6I) (Bravo) reported today additional high-grade gold assays from the South Reef deposit. The discovery was made during 2011 and is located 750 metres to the southwest of, and in a structure parallel to, the two previously discovered deposits on the Homestake Ridge project. Homestake Ridge is located

Rye Patch Gold Added To S&P/Tsx-V Index

Vancouver, British Columbia, January 16, 2012 - Rye Patch Gold Corp (TSX.V: RPM; OTCQX: RPMGF)(Rye Patch or the Company)is pleased to announce that the Standard Poors Canadian index operations have made index changes as a result of the quarterly SP/TSX Preferred Share Index and SP/TSX Venture Select Index reviews. Rye Patch will now be included in the SP/TSX-V index effective

EurOmax Closes $3.8 Million Private Placement

Vancouver, Canada – EurOmax Resources Ltd. (TSX-V - EOX) (“EurOmax” or theCompany) announced today the completion of a previously announced nonbrokered private placement for aggregate gross proceeds of $3,806,000.The offering was increased from 14,800,000 Units originally announced on January11, 2012 to 17,300,000 Units with no other terms of the offering being changed. Each Unit of the offering is comprised of

EurOmax Appoints Quinton Hennigh as Chief Geologist

Vancouver Canada: EurOmax Resources Ltd. (TSX-V: EOX; OTC Other: EOXFF)(“EurOmax” or “the Company”) is pleased to announce that Dr. Quinton Hennighhas been appointed Chief Geologist of the Company effective immediately. SinceNovember 2010, Dr. Hennigh has been a technical advisor to the Company, duringwhich time he has been instrumental in advising management and the board ofdirectors, participating in technical meetings, and

Investor Alert - What the Next Decade Holds for Commodities

January 13, 2012, U. S. Global Investors, reflections on 2011 and predictions for 2012 and beyond - another must read from Frank Holmes. What a decade! A rapidly urbanizing global population driven by tremendous growth in emerging markets has sent commodities on quite a run over the past 10 years. If you annualize the returns since 2002, you find that

Endeavour Silver Sets New Production Records in 4th Quarter, 2011; Silver Production Up 25% to 1,120,780 oz, Gold Output up 45% to 7,045 oz

Vancouver, Canada - January 10, 2012- Endeavour Silver Corp. (NYSE: EXK, TSX: EDR, Frankfurt: EJD)announced today record-setting silver and gold production from the Companys two operating silver mines in Mexico, the Guanacevi Mine in Durango State and the Guanajuato Mine in Guanajuato State for the Fourth Quarter, 2011.In Q4, 2011, silver production was up 25% to 1,120,780 ounces (oz) and

Holmes – Record Demand for Gold out of China

U.S. Global Investors’ CEO Frank Holmes delivers a familiar theme on gold in this brief video from CNBC. Holmes cites the fear trade and the love trade and mentions heavy demand from China in the upcoming Year of the Dragon.

New Constantine Metal Resources Video

We note the new video below for Constantine Metal Resources (CEM.V) in which Darwin Green (VP Ex.) talks about Constantine’s push into the Yukon and why. Mr. Green optimistically says that the Constantine/Carlin Gold JV is at about the stage that ATAC and Kaminak were a couple years ago with a large, district scale land package and some interesting gold-in-soil

Millrock Announces Termination of Option on Cristo Property, Kahiltna Region, Alaska

VANCOUVER, BRITISH COLUMBIA,January 12, 2012- Millrock Resources Inc. (MRO - TSX:V) (Millrock or the Company) announced today that the option agreement dated October 14, 2010, as amended, with Brixton Metals Corp. (Brixton), concerning the Cristo Property in the Kahiltna region of south-central Alaska, has been terminated.

Golden Predator intersects 30.5 m of 1.97 g/t Gold at its Brewery Creek Project, Yukon

Vancouver, Canada— January 12, 2012: Golden Predator Corp. (TSX:GPD) (the “Company”) is pleasedto announce further results of the final 6 Core and 28 RC drill holes from the North Slope Zone at itsflagship Brewery Creek Project. Highlights of the current release include: