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The ever increasing mining costs along with political instability in some South American countries, namely Peru, according to a most recent article (Bolivia is also on my watch list) suggests to me to use the often hackneyed phrase that a bird in hand is worth 2 in the bush has validity. Physical as well as North American mining explorers, producers appear to me to be the best and safest buys in the mining sector.
Dd you hear Yale Simpson unload to Al about Argentina’s mining and monetary environment?
As far as Peru Humala still has four (4) years left in his term as President. Thankfully he cannot run for a consecutive term. Note NEM has announced delays in its massve project in Project there until coincidentally Humala’s term ends. Seems like the politicians and grassroot activists are biting the hand that employs them. Large deposits makes politics less costly but they do tend to hang around wth open wallets. When NEM puts it deep pockets on hold you have to speculate what demands were made behing closed doors?
Morning Dennis M,
Of course, the govt is biting the hand that feeds it. Tell me, does that make any sense what so ever?
That is how they think they get paid.
The good ones like a puppy find the balance between a nip and breaking skin.
I understand that NEM’s Peruvian copper project that is on hold is a 4.8 Billion investment………………..
I don’t think that is the case. Both Yanacocha and Conga appear to be going full steam ahead.
You may be right….no PR from NEM though…Al note this report was published after my response…regardless of the outcome the price per oz will be higher in this environment.
Morning Dai Uy,
I agree with you on the one hand, and on the other I never close my eyes to opportunity.
Boliva is definitely on my watch list. South America Silver (SAC on TSE) recently had a group of natives take over the mine. Still don’t know the outcome of this “invasion”.
Morning Mr. Hayward,
And it SHOULD be on everyone’s watch list.
The problem that some of these jurisdictions present (like Bolivia, Argentina, Peru, Russia and even China) is one of uncertainty. That leads to a protracted overhang on a mining company’s stock price. Everything can be running smoothly and cash flow is robust, but the price of the stock may have a lid on it because of the jurisdictional concern.
When precious metals eventually finds itself in the mania phase of its bull run, jurisdictional concerns will be discarded. In fact, in the mania phase, any stock with gold or silver imbedded in its name will probably soar in price. However, the mania phase is probably years away and won’t last very long.
Hi going down fast,
Any investor who does not consider jurisdictional factors should not be in this sector.
Interesting writing by Martin Armstrong on…
- core economy not hyperinflating,
- future of gold as informal barter (not: government currency),
- Roman coins.
And, dear kids, get your pens or pencils ready, Lindsay Williams’ newest numbers are $2000-to 3000 gold, $70+ silver before “the elite” kill the paper dollar.
Do you have a link to Pastor Williams remarks?
If you enjoy listening to jungle audio, here you go…
For part two, use “2″ instead of “1″
thanks for posting, i couldnt handle it! LOL, I love his story, but it is getting real old these days.
Don’t assume that it’s the grnvonmeet’s fault. Smoothing out the goods producing graph you see that it grew at only a slightly lower rate as the gov’t payroll. Then Reagan came. Outsourcing. Deregulation. Globalization. A steadily growing population requires more people to service their public needs. so it is no surprise that the gov’t payroll has grown like that.-marcello