Some very old trading advice

Jack be nimble, Jack be quick, Jack jumped over the candlestick. ;))

In today's market it just doesn't make sense to buy and hold. My portfolio has taken a substantial hit these past couple of months, with the greatest drop in the last 2 weeks. Gold needs to hold $1600, and all signs point to $1440 on the downside if that level doesn't hold. As I write this, gold is at $1590.

In Canadian dollars, gold is at $1648 C$, which currently places Canadian miners in a sweet spot.

Choose your favourite miners and begin accumulating when those stocks settle down and it appears to be consolidating. The period leading up to Christmas and New Years is a quiet one with very low volume. Trade carefully, and invest wisely.

http://stockcharts.com/h-sc/ui?s=$GOLD&p=W&b=5&g=0&id=p52772616999

Until we get a clear signal for the upside, be like Jack, nimble, quick and buy higher when a stock begins uptrending.

Merry Christmas to everyone, and here's to a healthy, happy and prosperous New Year!

Cheers

Northern Prospector article on Wildcat

Dated November, 2011

http://www.wildcatexploration.com/i/pdf/Northern%20Prospector%20Mag,%20Nov%202011.pdf

Thrive

Claude Resources

Claude Resources  (CRJ.T CGR on Amex) has been in operation since 1991. Their Seabee mine located in northeastern is in production, and they have discovered a new deposit called the Santoy 8. That deposit reached commmercial production in Q1 of 2011.
In addition to the producing mine in Saskatchewan they have also discovered a new gold project called the Amisk deposit located 20 kilometres southwest of Flin Flon, Manitoba. Claude owns 65 percent and St. Eurgene mining 35 percent, with Claude being the operator of the discovery.

They've been producing gold for 19 years and have an experienced management team. This, however isn't the main reason I am invested in Claude Resources.

Claude also holds 10,000 acres in the Red Lake gold Camp, called the Madsen mine.,
Now for some history! When the gold rush was on in the Red Lake district there were 3 original mines, the Campbell mine, the Dickenson mine and the Madsen mine.

The Campbell mine produced the most gold and the mine was bought out by Placer Dome, which was then bought out by Barrick. So the Campbell mine is now Barrick Gold.
The Dickenson mine was bought out by Goldcorp, and if you recall they didn't find the deep gold until Rob McEwen held the Goldcorp challenge and the rich, deep gold was discovered.

The 3rd mine was the Madsen mine which is 100% owned by Claude Resources. They have been in the process of dewatering the old shaft and carrying out some extensive drilling. The 10,000 acre property contains a 500 ton per day mill, a functioning 4,125 foot timbered shaft and a tailings management facility. All existing infrastructure is fully permitted.


The Madsen Mine has a rich history. From 1938 until the mine’s closure in 1976, gold production exceeded 2.4 million ounces at an average grade of 0.28 oz/t (9.02 g/t). Historic production exceeded 100,000 oz/year and was derived from both the ‘Tuff’ and ‘8 Zone’ Trends.

So there you have it. Management has been successful in operating the Seabee mine for over 19 years, even with low gold prices. They have a steady stream of income with which to develop the Madsen and Amisk deposits. I believe there's still a rich deposit of gold, yet to be found on the Madsen claims.

As always, please visit the Claude Resources website and do your own diligence

http://www.clauderesources.com/index.cfm

Very strange statistic

October 3rd 2008 - SPX closed at 1099.23
October 3rd 2011 - SPX closed at 1099.23

How freaky is that? In 2008 the SPX proceeded to lose 40% to a low of 666.79 which it hit in late February, early March of 2009. Is it an early warning sign or just an odd coincidence?

The SPX closed at 1123 today and I had a look at the weekly chart. It shows support at 1000 on the weekly chart. We could see another 10% drop, which is actually a hefty correction. If 1000 doesn't hold, then 950 is the next stop followed by 870.

http://stockcharts.com/h-sc/ui?s=$SPX&p=W&b=5&g=0&id=p72698376642

Have you seen the movie Jaws?

The shark got me for lunch and dinner

Chief has a new Wallstreet analogy..instead of blood in the streets, it's "blood in the water". Problem is, once there's blood in the water it attracts sharks from miles around for a freeding frenzy! Will I be a floating turd, or be puked up in time to live another day.


Great commentary from Trading Chief - click the link below

http://tradingchief.com/stock-board.php?exchange=TSX&symbol=GENERAL:CA&company-name=General-Comments&subject=did-you-ever-see-the-movie-jaws?&pid=77240

Smartstox report on Visibile Gold

Interview can be viewed here

http://www.smartstox.com/interviews/vgd

Full PDF report

Wildcat Exploration - New Website

Worth a look at the revamp of their new website!

Their Website has been redesigned and it looks more professional..anyway, a step in the right direction.
WILDCAT EXPLORATION WEBSITE


FACT SHEET

PRESENTATION
INTERVIEW WITH PRESIDENT, JOHN KNOWLES

Reaction to something very obvious seems irrational

This is TradingChief's Smoke Signal from Tradingchief.com

It was posted on Monday, September 05 2011 - 08:27pm and is such a good read that I wanted to share it. Gold took a huge dive today but the comments are still relevant. Chief's SS is a paid members read and received permission to duplicate the post.

Enjoy!

Reaction to Something Very Obvious Seems Irrational

Not sure exactly why the wiki-leak thing is news. It has been stated for years that China intends in establishing the Rimimbi as a world class currency. The only way to do that is to back your currency with assets to the point where people will see it as a rival to the Euro and the USDollar. I can't believe people believed that the Chinese were going to be a third rate player when they are now running the show?
So the amazing release that they intend on reducing the power of the US$ in the world is at best to make room for their currency? If you have two people who weigh a combined weight of 399 pounds in a boat that only holds 400 pounds, the only way to get a 3rd person in the boat is for both the people presently in the boat to lose 68 pounds each.

Then you have 3 people all weighing the same amount sharing the boat.

It's up to the two people that were in the boat to ensure that the 3rd guy does not put on any more weight and endanger the balance. If they are weak and lose the weight that allows the third to gain more weight. The Chinese want in the boat, they aren't in there yet, but want in.

The two guys (USA and Europe) are flailing and losing weight, so the third guy (China) sees an opportunity to get in the boat....?

Right now the IMF is trying to get in the boat and beat China into it. They would like a new currency based on a basket of currencies that would be the reserve currency. My bet that's not what China wants. They want in the boat, just as much as the IMF want in the boat. There is only room for 3 peeps unless everyone reduces their weight to 125 pounds.

USA will not want to be reduced to a 125 pound weakling so are trying their best to put on weight while the Euro is losing theirs. China is just saying whoa-a-a their guy, that weight is fat, not muscle. We're muscle.

This has been forecasted for 3 years, since the Chinese started buying US Debt. Does anyone really think the Chinese is trying to preserve the US Empire? They know how to play the game and are going through all the hoops to gain their rightful place at the table.

So this all has to be about Germany IMHO. This is not so much the Wikileaks thing, however separating the two, to see who is right will be difficult if not impossible. Unless, suddenly Merkle's position and the rumors out of Germany die down quickly, if they do, then we will see how this pans out.

However, as mentioned a few weeks before, this "Debt Ceiling" thing could be much more than anyone bargained for. It's turning out that way. Consumer confidence is in the toilet and soon with lawsuits going every which way will make things worse. The thing that bothers us the most was we knew we needed QE2 to continue. Many say QE2 did nothing...they are right, it did nothing for Joe and the economy. But, it did marvels for the Markets. We needed QE2 to continue to December this year. It didn't. We said that they better get something going quick - they didn't. Then the idiots knocked the legs out of the consumer by confusing him to death thinking his nation was about to default on their bills. Then to put his fears at ease, the dimwitted 6 say that to avoid death all they have to do is cut entitlements. Joe says, "what?" Entitlements to whom? He listens longer and hears Boehner say they will not increase taxes on anyone (read rich) but they will cut entitlements (read Joe).

Then Joe starts to see his 401K go south so exits the market during the "we're broke talks" and so far has not come back. What this has done is create the 3 legged chair. One more whack and you are going down. "Merkle is that leg"!

If the Markets continue to whack the German markets head for the hills because that will kill the French banks that are on the brink that Sarkozy insists are not. Remember, no one trusted the "Stress test" they did on these banks in the first place.

So tomorrow we will see if Bernanke has loosened up some money for the Plunge Protection team or not.

Gold is reacting to Merkle problems and the Chinese leaked document. But, honestly this commentary has been out for months. It was the way China was going to try to get into the boat. Perhaps seeing it in writing makes it more real, but there was no doubt they were trying to get in the boat and everyone knew it.

After all, lets suppose you are the engine that is making the world turn and every time you went to pay someone, they said sorry there Chang, we don't take that crap, give us "American Money", that..... would tend, to get under your chopsticks, after awhile.

People that assume the new normal will not include a Chinese Power house are smoking better stuff then I am.

The US Congress and Senate, can't afford a 3rd or 4th party in the boat. They are so bloated with debt that the only way to slim down is to go on a diet. A diet kills the economy. An economy they need to pay their bloated bills. So the assumption is, if they put on enough weight while the Euro is thinning out, then there still won't be room for a third person. So.....China starts to put the US on a diet

So the real bird to follow out of this flock is Merkle. Things get tougher in Germany, Euro falls apart, US Dollar skyrockets and Dow and the rest of the markets (including ours dive). Everything is priced in USDollars so that means the Euro gets "double stuck in the butt". Ben gets to keep 0% interest rates, and bonds/T-Bills will sell, but the US economy tanks with us all.

So watch Merkle and Germany.

Watch the French Banks because they will be the first to suffer the major consequences of problems in Germany.

POG, everyone will come out to hide in POG, so expect the margin call but with this kind of setting, we don't think it will matter now.
Number to close above tomorrow is 10963 or higher, below that, and no one thinks this is over.
TSX will take a hit in financials and metals, POO POG and POS will be fine. Ferts are still a buy on the pullback.

Some interesting commentaries on the drop in Gold

CENTRAL BANKS WAGING WAR ON GOLD AT THIS HOUR

http://traderdannorcini.blogspot.com/2011/09/central-banks-waging-war-on-gold-at.html

WARNING


Wednesday, September 7, 2011 at 9:13 am
 
http://www.tfmetalsreport.com/blog/2327/warning

Metanor technicals

http://stockcharts.com/def/servlet/SC.pnf?chart=MTO.V,PLAADANRBO[PA][D][F1!3!1.0!!2!20]&pref=Ghttp://stockcharts.com/h-sc/ui?s=MTO.V&p=D&b=5&g=0&id=p84557541922Metanor - MTO.V had 2 weeks of strong gains with heavy volume after coming off a bottom of .21. The downward trendline was broken at .25 and it judging by the volume a new uptrend may have started for the stock. On the weekly chart, .30 is major support and can be used as a stop loss. Resistance is .48

WEEKLY CHART

The daily chart tells a slightly different story. The stock is approaching overbought levels at this price, after a nice rise from the bottom. .33 might be worth an entry here, and .29 - .30 is support.

DAILY CHART

The P&F chart has triggered a buy signal at .28, with a price target of .66. (using average true range setting)
Major resistance is clearly indicated on the P&F at .48. The target of .66 depends on news and how well the company executes production. The target of .66 is only a guide, and peaks can be lower, or as you know much higher.

On August 26, a report by Market Equities Research Group was released.

MARKET EQUITIES RESEARCH GROUP REPORT

The have a target of $1.35 on the stock, although this is preliminary and only as the company nears production. Bulk sampling is expected to occur in Q4 of 2011, and the mill should be operating at 2/3 capacity by Q3 of 2012. As you can see, the target they have provided could be a year or two away, so trade at your own discretion using R as selling points, and S for your buys.
This could be a good one to swing trade.

Visit the company website for more information.

METANOR RESOURCES WEBSITE

New report on Metanor

For your weekend reading.

http://www.sectornewswire.com/Report0911MTO.pdf

Metanor on schedule for production

Good news from Metanor today. Trading volume has exceeded average daily volume the past 4 trading days. Cash costs are $464 an ounce and on schedule to produce over 60,000 oz of gold a year, using only 66% of mill capacity.

Metanor Resources Inc.: Shaft Sinking Complete at Bachelor Lake; Bachelor/Hewfran Drill Campaign Underway



Symbol: MTO
VAL-D'OR, QUEBEC, CANADA--(Marketwire - Aug. 23, 2011) - Metanor Resources Inc. ("Metanor") (TSX VENTURE:MTO) is pleased to provide a further update on its activities at the Bachelor Lake Gold Project. The shaft sinking of 536 feet was completed before the end of July and on budget, including the development of the 2 shaft stations (Levels 13, 14). Over 90% of the equipment required to complete the 5,000 ton bulk sample is already on site. The infrastructures are being upgraded, and are on schedule to be ready for the execution of the bulk sample. The project team is presently working with its operating team and contractor to take over the operation as the shaft sinking is complete, this phase is called the changeover - from shaft sinking to lateral development and should be complete this week. Lateral development and underground infrastructure construction will begin immediately thereafter. Serge Roy, Chairman & CEO and Ghislain Morin, President & COO both stated: "We are extremely pleased that this critical phase at the Bachelor Lake Gold Project has been completed professionally by our project team and on budget".

The Pre-Feasibility Study outlines an average annual production of 60,000 ounces commencing in July 2012 using only 66 2/3% capacity of the 1,200 tonnes per day mill with a cash cost of $464. The project has an 85% IRR with a 10 month payback using gold priced at $1,271/oz. Ron Perry, Vice-President and Treasurer commented "With today's gold price well over $1,800/oz., it is evident that the Bachelor Lake projections will far exceed those noted above".
The 15,000 m definition diamond drilling campaign at Bachelor/Hewfran is well underway and assays are in the laboratory and results are pending. Both the Bachelor Lake and the Hewfran properties, which are accessible by the present shaft, are open in all directions and at depth (with a deep hole intercept at approximately 3,500 feet). This campaign began on surface while the shaft sinking is being executed, and will move to the three new levels 13, 14 and 15 in October. The results of this drilling campaign will be inserted into the Feasibility Study.
About Metanor
Metanor is a Canadian based gold mining company with a focus on adding value per share through efficient exploration, and development of it properties. Maintaining a low risk profile through a strong operating team, sound financial management, and operating in secure jurisdictions like Quebec are key priorities for Metanor's management team.

Qualified Person

Pascal Hamelin, P. Eng, Ing, General Manager of Operations, is the Qualified Person under NI 43-101 responsible for reviewing and approving the technical information contained in this news release.

http://www.theglobeandmail.com/globe-investor/markets/stocks/summary/?q=MTO-X

Metanor Resources

The past 2 days has seen unusually heavy volume in Metanor - MTO.V

For those not familiar with the company there's a report that was published on ResourcexInvestor from May, 2011. It seems the sinking of the shaft at the Bachelor Lake mine is possibly "ahead" of schedule and this could explain the recent interest in the company.

The company will be doing a bulk sampling this fall, which will also include some 15,000 metre diamond drilling results that was carried out during the summer. Those results will be included in an updated 43-101 report.

Here's the article, and worth a read over the weekend.

The Inflection Point of a Stock: Metanor Resources a Soon-to-be-Producer in Mining Friendly Quebec.

San Gold and Wildcat sign Option Agreement

San Gold and Wildcat Sign Option Agreement


Wednesday, August 10, 2011

WINNIPEG, MANITOBA--(Marketwire - Aug. 10, 2011) -

(All amounts are in Canadian dollars, unless stated otherwise)

San Gold Corporation (TSX:SGR)(OTCQX:SGRCF) ("San Gold") announces that it has signed an option agreement to earn an 80% interest in Wildcat Exploration Ltd.'s (TSX VENTURE:WEL) ("Wildcat") Mike Power, Jeep, and Poundmaker gold exploration projects in the Rice Lake area of Manitoba (the "Wildcat Projects").

"This option agreement expands San Gold's property interests in the very prospective Rice Lake area in close proximity to our existing mining operations," stated George Pirie, President and Chief Executive Officer of San Gold. "Recent work conducted by Wildcat has identified an initial inventory of drill-ready targets and we are confident that we will identify additional drill targets through our initial exploration program."

John Knowles, Wildcat's President and Chief Executive Officer, commented, "By partnering with San Gold, with its nearby mill and proven mining and exploration teams, we have reduced the economic hurdle to advance our properties while accelerating the exploration of three projects in the vicinity of San Gold's Rice Lake Project. The transaction also brings up to $2 million into Wildcat's treasury and allows us to leverage our resources on Wildcat's gold and base metal projects in Manitoba and Ontario."

Under the terms of the option agreement, San Gold may earn an 80% interest in the Wildcat Projects by expending $5.1 million on exploration activities over a four-year period. Additionally, San Gold will be required to make cash payments to Wildcat in aggregate of $1.0 million and, subject to regulatory approval, subscribe for an aggregate of $1.0 million of Wildcat shares via private placement over a three-year period. San Gold will be the operator of the exploration program for the duration of the option agreement.

During the first year exploration program, San Gold plans to complete a minimum drill program of 5,000 metres and a high-resolution airborne magnetic geophysical survey. An overview of the Wildcat Projects and a summary of recent exploration work conducted by Wildcat was presented in Wildcat's news release dated June 24, 2011.

About San Gold

San Gold is an established Canadian-based gold producer, explorer, and developer that owns and operates the Hinge, 007, and Rice Lake mines near Bissett, Manitoba. The Company employs over 400 people and is committed to the highest standards of safety and environmental stewardship. The Company has over $40 million in cash and equivalents and is unhedged to the price of gold. As of August 1, 2011, San Gold had 310,966,175 common shares outstanding (327,360,186 shares fully diluted), which are traded on the Toronto Stock Exchange under the symbol "SGR" and on the OTCQX under the symbol "SGRCF".

About Wildcat

Wildcat Exploration Ltd. is a Winnipeg-based company exploring for gold and base metals in Canada. Its portfolio includes: (1) several gold projects in the Rice Lake greenstone belt in Manitoba, (2) the McVicar gold property in the Uchi subprovince of Ontario, (3) the Reed base metal and PGE project in the Flin Flon-Snow Lake greenstone belt in Manitoba, (4) the Burntwood nickel project in the Thompson nickel belt in Manitoba and (5) the Foster zinc-lead-silver project in Saskatchewan. The Company seeks to continuously upgrade its property portfolio through exploration and accretive transactions.

For further information on San Gold, please visit www.sangold.ca.

For further information on Wildcat, please visit www.wildcat.ca.

Cautionary Note

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release includes certain "forward-looking statements". All statements, other than statements of historical fact included in this release, including, without limitation, statements regarding forecast gold production, gold grades, recoveries, cash operating costs, potential mineralization, mineral resources, mineral reserves, exploration results, and future plans and objectives of the Company, are forward-looking statements that involve various risks and uncertainties. These forward-looking statements include, but are not limited to, statements with respect to mining and processing of mined ore, achieving projected recovery rates, anticipated production rates and mine life, operating efficiencies, costs and expenditures, changes in mineral resources and conversion of mineral resources to proven and probable mineral reserves, and other information that is based on forecasts of future operational or financial results, estimates of amounts not yet determinable and assumptions of management.


Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are subject to a variety of risks and uncertainties that could cause actual events or results to differ from those reflected in the forward-looking statements.


There can be no assurance that forward-looking statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include, among others, the actual results of current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined as well as future prices of precious metals, as well as those factors discussed in the section entitled "Other MD&A Requirements and Additional Disclosure and Risk Factors" in the Company's most recent quarterly Management's Analysis and Discussion ("MD&A"). Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.


Exploration results that include geophysics, sampling, and drill results on wide spacings may not be indicative of the occurrence of a mineral deposit. Such results do not provide assurance that further work will establish sufficient grade, continuity, metallurgical characteristics, and economic potential to be classed as a category of mineral resource. A mineral resource that is classified as "inferred" or "indicated" has a great amount of uncertainty as to its existence and economic and legal feasibility. It cannot be assumed that any or part of an "indicated mineral resource" or "inferred mineral resource" will ever be upgraded to a higher category of resource. Investors are cautioned not to assume that all or any part of mineral deposits in these categories will ever be converted into proven and probable reserves.

FOR FURTHER INFORMATION PLEASE CONTACT:

Tim Friesen
San Gold Corporation
Director, Communications
+1 (204) 772-9149 ext. 202

ORJeremy Link
San Gold Corporation
Vice-President, Corporate Development
+1 (416) 214-0024
http://www.sangold.ca/

ORStephanie Fitzgerald
CHF Investor Relations
Account Manager
(416) 868-1079 ext. 222
(416) 868-6198 (FAX)
stephanie@chfir.com

ORCathy Hume
CHF Investor Relations
CEO
(416) 868-1079 ext. 231
(416) 868-6198 (FAX)
cathy@chfir.com


The TSX and the OTCQX exchanges have not reviewed and do not accept responsibility for the adequacy or accuracy of this release.

Visible Gold Mines - News today

Visible Gold Mines' Phase 1 drill program at Joutel targets promising mineralized structural pattern


Tuesday, August 16, 2011

AGGRESSIVE DRILLING CONTINUES AT WASA CREEK

Mr. Martin Dallaire reports:

ROUYN-NORANDA, QC, Aug. 16, 2011 /CNW Telbec/ - Visible Gold Mines (TSXV: VGD) (Frankfurt: 3V4) has identified numerous high-priority gold targets that will be tested with approximately 14 drill holes in a 7,500-metre Phase 1 drill program at its Joutel Project, 150 kilometres north of Rouyn-Noranda, Quebec. The Joutel Volcanic Complex hosts a number of former producing gold and base metal mines.

Phase 1 drilling will take place over two areas of the Joutel Extension Property, part of the Harricana-Turgeon volcano-sedimentary belt that comprises the northern sector of the prolific Abitibi Greenstone Belt.

"We are extremely excited with the Joutel Extension initial drill program that has been finalized by our geological team in consultation with Agnico-Eagle Mines Limited," stated Martin Dallaire, Visible Gold Mines' President and CEO. "Our team has taken a fresh approach to a very intriguing property as we're looking at a structural pattern to the mineralization at Joutel as opposed to a stratigraphic model. Given the geological and mining history of the Joutel Volcanic Complex, and the fact the Extension Property has been largely under-explored, we will be drilling over what we consider to be highly prospective ground with five significant past producing mines just a few kilometres to the northwest and the southwest."

A total of 5,000 metres is planned to test the extension of a NW-SE mineralized structural pattern that, based on geophysical surveys, seems to strike directly southeast of Agnico-Eagle's past producing Telbel, Eagle and Eagle West mines for two kilometres and may extend further to the former village of Joutel and beyond (please see map with drill plan on company's web site under "Joutel" section). Only very limited historical drilling has been conducted over this two-kilometre section below the Harricana River (most exploration was carried out to the northwest) while the now abandoned village represents a new potential geological target.
To the east, where limited historical drilling has demonstrated continuity of an iron-carbonate horizon within a sedimentary sequence for at least six kilometres, four Phase 1 holes (approximately 2,500 metres) are planned to test for structure and potential mineralization at depth. Previous drilling was completed mostly at shallow levels less than 150 metres in vertical depth.

No exploration work has been performed at the Joutel Extension (formerly the McClure Property) since the winter of 1993-94. The final four holes that were drilled, all in the central part of the Extension, confirmed the discovery of an anomalous gold zone (anomalous copper, zinc, lead, nickel and barium were also detected) extending 600 metres along strike and open to the west and at depth as outlined in an Agnico-Eagle report on the property in April, 1994. The holes intersected intense alteration which resembled the strongly altered tuffs of the Eagle West mine area, and the gold pathfinder element patterns suggest enrichment at depth.

Exploration results referred to above are historical in nature, were compiled before NI-43-101, and have not been verified. Visible Gold Mines believes these historical results provide an indication of the potential of the Joutel Extension and are relevant to ongoing exploration. There are no known mineral resources on the property, and there can be no assurance that any mineral resources will be discovered on the property. If discovered, there is no assurance that any mineralization can be economically extracted.

Visible Gold Mines has an option to earn a 50% interest in the Joutel Project from Agnico-Eagle by incurring exploration expenditures of $5 million over five years. Visible Gold Mines is the operator of the project until it has earned its 50% interest.

The drill permitting process is underway and the Phase 1 Joutel program will commence immediately upon the receipt of drill permits.

Wasa Creek Update (Lucky Break Project)

Nine holes have now been completed at the Wasa Creek Property, adjacent to Richmont Mines' Wasamac Property, where the first hole that was drilled on this previously unexplored ground (LBWC-11-03) intersected several zones of significant gold mineralization including a 16.4-metre mineralized shear zone as reported by Visible Gold Mines August 11, 2011.
Aggressive drilling continues at Wasa Creek in all directions surrounding the discovery area, including south toward the Cadillac Fault, with two rigs in operation. The company is eagerly anticipating additional assay results.

About Visible Gold Mines

Visible Gold Mines Inc. is a dynamic company aggressively searching for the next important gold deposit in northwestern Quebec, an area consistently ranked as one of the world's best jurisdictions for mining and exploration. Visible Gold Mines is in the midst of a $6.5 million, 40,000 metre drill program covering strategic areas in the Rouyn-Noranda mining region.

Qualified Person

This news release was written by Martin Dallaire, P.Eng., President and Chief Executive Officer of Visible Gold Mines and approved by Robert Sansfaçon, P.Geo., in his capacity as a Qualified Person (QP) under NI-43-101.

Quality Control

Visible Gold Mines has implemented and adheres to strict Quality Assurance/Quality Control for its current drill programs. It includes one mineralized gold standard, one duplicate and one blank for one batch of samples. Analyses are performed by ALS Chemex, Val-d'Or, or Techni-Lab, Ste-Germaine - Boulé, accredited laboratories.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

For further information:
Martin Dallaire, President and Chief Executive Officer
Telephone: 819-762-0609, Fax: 819-762-0097
E-mail: mdallaire@visiblegoldmines.com
Website: www.visiblegoldmines.com

Sex on the Moon

Good article in the National Post today on Ben Mezrich's new book, "Sex on the Moon".  Mezrich wrote The Social Network which went on to become an Oscar winning film.  Sex on the Moon is also a true story and will also be made into a movie. This one's on my wishlist.

http://arts.nationalpost.com/tag/sex-on-the-moon/

Goodwill Hunting got it right 14 years ago

This is worth watching again. Don't forget that Matt Damon wrote the screenplay for this film 14 years ago in his early twenties.

Visible Gold Mines

Visible Gold Mines - VGD.V
August 11 - last trade .34
47.5 million shares o/s

I've been watching Visible Gold for a while now, and finally bought a few after their recent news release of August 11 on their Wasa Creek Property.

http://www.visiblegoldmines.com/press-release/detail-42.html

The company is in northwestern Quebec, in the Rouyn-Noranda region. There are 4 properties, the Joutel Project, Cadillac/Lucky Break, Stadacona East, and Silidor-Capricorne.

Of interest is the Cadillac/Lucky Break property which is near Osisko's Canadian Malarctic  (OSK.T) open pit mine. As of mid-July, three drill rigs are operating in the northern portion of the Lucky Break Project over the newly-named Wasa Creek Property which covers claims immediately south and west of Richmont Mines' growing Wasamac deposit, 15 kilometres west of Rouyn-Noranda.

Their Senior Geologist and Vice-President Exploration, Robert Sansfaçon, was involved in the discovery of Osisko's Canadian Malartic deposit, and has over 30 years' experience as an exploration geologist which includes more than a decade as a project manager for Lac Minerals Ltd.

The company is well funded, with over $5 million in cash (last time I checked), and 47.5 million shares o/s. Funds own approximately 30% of the outstanding shares and Inwentash (Pinetree Capital) bought in February 2011.

Click to view a QUICK FACT SHEET on Visible Gold Mines.

When I wrote this in early August, the chart showed weakness after reaching a high of .375. Major support is at .26 and I thought .30 might be a decent entry level.

But, did I buy at .30?? nooooo. totally ignored my own technicals and didn't buy. The stock has jumped on the news from August 11th and will have resistance at .36. I was filled at .345.

I don't think this is one that will skyrocket overnight, so there's plenty of time to put in some stink bids on lousy trading days.

VISIBLE GOLD CHART

The company has been covered by Coffin Brothers research, Jay Taylor, Bullmarketrun, Jim Dines, Lawrence Raulston and others.

Click HERE to read Bullmarket Run's latest update on VGD.V

As always, do your own due diligence and visit the company website for more information.

Visible Gold Mines Homepage

The latest interview can be found here

mms://media.kitco.com/weeklyreport/Fulp&Graham20110802.mp3

Sprott Canadian Equity Fund

This makes a nice addition to those with longerterm RRSP's that are difficult to trade, especially if held with a financial advisor. (the trade fees are usually too high)

The Sprott Canadian Equity fund is a decent longterm hold for those interested in an equity fund that usually outperforms. It's composed of 80% materials, and 14% energy stocks, cash and "other".
The interesting thing about this one is they also hold silver and gold bullion. 20% silver, 7% gold. Those are the 2 top holdings in the fund. The MER is 2.8% which is high, but it's an outperformer. I've held this since late 2009 and it's up over 52%.

79.7% is invested in Canada, 4.6% U.S., 14.8 International and .9% other.
Top holdings as of March 31, 2011 (it's really hard to get recent holdings for the Sprott family)

Silver Bullion & Certificates - 20.9%
Gold Bullion - 7.1%
SLG-X Sterling Resources Oil and Gas Producers Canada 2.4%
AVR-T Avion Gold Other Mines Canada - 2.3%
EAS-X East Asia Minerals Metal Mines Canada - 1.9%
CDH-T Corridor Resources - Canada - 1.8%
YNG-T Yukon-Nevada Gold Precious Metals Canada Stock - 1.6%
FR-T First Majestic Silver Precious Metals Canada - 1.6%
- South Boulder Mines - Canada - 1.5%
CSI-T Colossus Minerals Precious Metals Canada - 1.4%

http://www.theglobeandmail.com/globe-investor/funds-and-etfs/funds/summary/?id=54788

Note: considering the slide in SLG - Sterling Resources it is unlikely that Sprott continued to hold this equity after March, so use caution.

Mining for quality shares backed by gold

Globe & Mail article from July 26

Excerpt:

Take New Gold Inc. (NGD-T10.190.484.94%) as an example. At current gold and copper prices (HG-FT4.010.051.29%), according to analysts, the company could produce cash flow of between $2.60 and $3 a share in five years. Using an average historical multiple of 15 times, for big producers, yields a stock price between $39 and $45 a share.
Where’s the stock today? About $10. Investors clearly aren’t interested in producers or they’re skeptical about the gold price. And some caution is warranted. Mining gold is a tough business, notwithstanding every yahoo who claims to have the mother lode and a mine plan.



http://www.theglobeandmail.com/globe-investor/investment-ideas/fabrice-taylor/mining-for-quality-shares-backed-by-gold/article2110483/

U.S. rating downgraded, and Obama's smoke & mirrors

A close friend of ours is involved in commercial real estate, and they are very successful. I thought you might be interested to hear some of his comments about what he sees in the market, the U.S. economy, and the housing crisis.

First, let me say that he does think there will be a pullback in real estate in Canada. This does not mean a crash like the U.S. had in the housing markets. He has spend weeks travelling back and forth throughout areas of the U.S. looking for deals in the commercial real estate and he hasn't been able to find one. He said that the houses that are going for fire sale prices are quite a distance from any industry and are in areas that people don't want to live. These homes were slapped together, and sold to people who couldn't afford to even buy a home...I'm sure most of you are aware of the rest of the story and how it unfolded. His point is that commercial real estate is still going strong, and is healthier than we are led to believe.

He went on to say that Obama's spin to the media, was total hogwash about the U.S. government not being able to send out cheques if congress didn't raise the debt ceiling. This was priced into the market prior to any announcement by the government raising the debt limit. The last few days of selling may have been an over reaction, and was driven by fear, short selling and hedge funds needing to unwind positions that were heavily leveraged.

Bottom line is, commercial real estate is still going gangbusters in Canada and properties are holding their value in the U.S.  The only trouble might be down the road. You see, much of this commercial property is being developed for companies like Walmart, Costco, and other superstores. This is big business, but what are they really selling us?? Cheaper and in many cases inferior products made in China, Japan or Taiwan. What will happen when the Chinese suddenly realize they can demand a pay increase? We will end up the losers, as we pay more for goods that could have been manufactured at home.

If we are to survive in this global economic environment, it's time to bring back manufacturing to Canada and the U.S. The unions need to realize that in order to compete, they must have common sense on what are reasonable pay rates, medical and other benefits. If we don't, China will be the next world power as we fall behind.
Canada cannot rely on natural resources, that are finite in nature and do not replenish. We must bring back manufacturing and actually "produce" something. 

Which markets to touch, and which to avoid …

Which markets to touch, and which to avoid …

Sinking stocks, emotions and the puke factor

I've had a very difficult time in the markets these past few months and the past 2 days have my stomach in knots. The TSE hit a high of 14329 back in early March, and closed today at 12,162 after hitting an intraday low of 11, 894. That's a 15% correction.
Anyone who's an investor knows that sinking feeling. You know what I'm talking about...the feeling of euphoria when your stocks hit highs and do well and you're on top of the world celebrating. You look at the charts, and see that slowly there's a downturn signal but keep telling yourself when it hits a certain level, you'll get out. The summer weather hits and you're off to the cottage, or whatever else you do in the summer and lose track of those support levels you had marked. You hear all the bad news around the world, and then choose to ignore it...to our investing peril.
Well, that's what happened to me. My level was 13000, and before I could blink an eye, I wasn't looking at the "big" picture and failed to take action. It's happened more than once and I'm just about ready to throw in the towel. Is this worth it?? really??

I'm not so sure. Maybe in days gone past, investing had a different "flavour". You saw an undervalued company, you bought and then held. We now have computerized trading, and the big wigs are trading for fractions of pennies!! how the heck can you make anything, when they're churning the stocks for 1/10th of a cent! We had the meltdown in the banks, then real estate along with "Joe's" personal wealth and his job. Now it's entire countries melting down along with their fiat currencies. Political turmoil in the Middle East, a meltdown in the European countries added to the mix creates uncertainty, and as we know the markets despise that..big time.

I'll always trade a few stocks here and there, but our savings in RRSP and for those of you in the U.S. it would be your 401K's just might be better off in guaranteed fixed income. My parents did it that way, averting any downtrends and slowly but surely their nest egg is safe, secure and continually grows. If we had done that from the beginning I'm guessing our entire savings would be double or triple where they are today just by NOT participating in major corrections, like the one we had in the past month...or 2008..or 2000, all three of which I was caught.

These are just my thoughts and I'm venting. Mad at myself for seeing the writing on the wall, seeing the charts, knowing we were in for a correction and then doing nothing about it. That my friend, is human nature as we pat ourselves on the back for a job well done in stock picking. Nothing could be farther from the truth. When there's a bull market on, most stocks will rise in that environment.

Which then brings me to the future. If the average "joe" has just about had it with these markets, and wants out..if baby boomers ready to retire start yanking cash out of mutual funds, then who is left to buy?? The Feds can't support this market (as they've been doing in the past) because of a massive debt load. The funds might even be hit with MORE redemptions which will create more selling. So you tell me, how the heck can we rally from here??

The only thing I see going up in the future is gold, and even that can tank if those in control want to get the POG down.

As I reflect on all of this, the question keeps coming up again, "Is this worth it"? I'm beginning to think it isn't, and ready to take a conservative approach. It doesn't matter how low the yield is, at least it won't go down. It may not keep up with inflation, but I'll be able to sleep at night, take off on a trip or go to the cottage and enjoy life.

I'm sure the mutual fund managers, and financial advisors of the world have been doing just that. Even if the markets go down, they still get paid their "fee".
Maybe it's time for a performance based fee schedule for the industry or this is going to die a slow death.

For those that think there'll always be younger, fresher blood who haven't seen the carnages in the market and hope to entice them into mutual funds, think again. I can only go by what I see with the younger generation including my own children and they have already seen the large drops incurred. In fact, my son calls the markets a "gamble", and he loves poker games but not ready to see the wisdom in placing money in a manipulated market. There's a new generation of investors and they're very smart!

Just my 2 cents FWIW, as

Trader Dan's Market Views: Extreme Volatility in Gold as market digests rumor...

Trader Dan's Market Views: Extreme Volatility in Gold as market digests rumor...: "Very early this morning, gold shot up to another all time record high above the technically significant resistance level near $1680 as sover..."

Cut Chicken Little Obama out of the loop

From Financial Post today

excerpt..

Canada came close to the brink during the reign of Trudeau, our Obama look-alike. But later members of Trudeau’s own party, beginning with Paul Martin, had the wisdom and political courage to reverse direction. Prime ministers since, including Mulroney and Harper, have kept us on course. We owe all of them a debt of gratitude.

http://opinion.financialpost.com/2011/07/27/cut-chicken-little-obama-out-of-the-loop/

Financial Post Mining

A series of articles in today's National Post on the Canadian Mining Industry.

Beating the bad rap - Copper Mountain Mining Corp.

http://business.financialpost.com/2011/07/26/british-columbia/

Proves Bigger can be better - Detour Gold Corp.

http://business.financialpost.com/2011/07/26/ontario/

Problematic but promising - Agnico-Eagle Mines Ltd.

http://business.financialpost.com/2011/07/26/nunavut/

Anything is possible - Osisko Mining Corp.

http://business.financialpost.com/2011/07/26/quebec/

Longer term investing for your retirement

This might be a rather long post for me. You won't see a lengthy blog post from me unless it's about a particular company. The past few days I've had a some thoughts, and figured it's time to write up a decent post. My Mom recently had a couple of GIC's that came up for renewal. Over the course of 30 odd years that's all my parents invested in, and to some it may seem futile but they've actually come out ahead by averting any major downtrends in the stockmarket.
GIC rates are at historical lows, and the analysts keep saying rates will go up. But when?? They've been saying that for years and it hasn't happened yet. Also keep in mind that any rate rises are negative for Canadian Businesses and could stifle the economy.
If there's a rate increase it isn't going to impact her, or my portfolio in any significant way as the rate increases will be slow, steady and small to begin with. So what if you lock in a rate at today's GIC 5 year term of 2.9%, there's always another shorter term GIC maturing that particular year with which you can lock in at the best available rate at that time...provided you have laddered your fixed rate income products for 5 years.

Let me explain. Say you have $50,000 and you don't want to risk that capital on the markets. You purchase a 1 year, 2 year, 3 year, 4 and 5 year GIC with 10,000 in each. At the end of each term, you then invest the proceeds plus interest into the BEST rate you can get for a 5 year GIC. What happens is every year, you will have 1 term maturing, plus interest which is then reinvested on a 5 year term. It's called the magic of compounding.

This is a must read article that was in today's Financial Post.

http://www.financialpost.com/personal-finance/Falling+fixed+income+ladder+hurts/5144635/story.html

We're in our mid 50's and it's time to reevaluate our investment positions. This is what I believe is a decent structure with a few other things to offset the present low guaranteed rates of return.

50% in GIC's laddered over 5 years
10% - 20% in precious metals
20% in Canadian Bonds
10% in Real Return Bonds
10% divided between small caps, overseas or any other specific sector (I happen to like the water sector)

Keep in mind, I'm using 50% because of our age. If you're in the 40's the fixed amount should equal your age - 40%. If you're 20 and just starting out, 20% fixed and the rest in equities and bonds (provided you have the stomach to stand extreme volatility.)

Home Trust usually provides the best rate that your broker or bank will have access to.
Precious metals could be divided up between a bullion fund, and a Canadian stock precious metals fund. I'm invested in Dynamic Precious metals, Sprott Precious Metals and the Sentry select metals funds, but those are all equity funds. If you want bullion, the Sprott Physical gold bullion fund holds just gold. You can also purchase GLD but it is priced in US$ so you have to also keep an eye on currency rates.
A better choice might be CEF.A - the Central Fund of Canada which holds gold and silver bullion.
The TD Canadian Bond fund covers your bond allocation, and the TD Real Return Bond fund will offset any inflationary rises.
For the water sector I like Claymore Global Water ETF - CWW

In fact, any Claymore Fund will usually outperform the index or its peers. It is still considered an index fund, and yet is actively managed.

The Claymore Canadian Monthly Financial Income ETF - FIE currently yields 6.9%

http://www.theglobeandmail.com/globe-investor/markets/stocks/summary/?q=FIE-T

http://www.theglobeandmail.com/globe-investor/markets/stocks/summary/?q=CWW-T

The get more indepth information on the Claymore family of ETF's please visit their website.

http://www.claymoreinvestments.ca/en/investment-options/exchange-traded-funds/etf-home.aspx

Let's face it, your investments should be as simple as possible and after seeing how well my parents have faired through years of volatility, upheavals, bull markets, crashes, and bear markets I'm beginning to actually believe in the wisdom of choosing fixed, guaranteed investments.

Lastly, I want to bring your attention to the Sprott Diversified Yield fund.
This is a fairly new fund and 1 year returns are not available as of yet.
However, I just looked this one up and it was launched in August 2010, and has a rate of return since introduction of 7.32%...not too shabby!! We've held this since inception.

http://www.theglobeandmail.com/globe-investor/funds-and-etfs/funds/summary/?id=81300&cid=Sprott Asset Management LP
See the links below for any funds, or investment choices mentioned.

http://www.theglobeandmail.com/globe-investor/funds-and-etfs/funds/summary/?id=18339&cid=TD Asset Management Inc.

http://www.theglobeandmail.com/globe-investor/funds-and-etfs/funds/summary/?id=18351&cid=TD Asset Management Inc.

http://www.theglobeandmail.com/globe-investor/funds-and-etfs/funds/summary/?id=17644&cid=Dynamic Funds

http://www.theglobeandmail.com/globe-investor/funds-and-etfs/funds/summary/?id=55251&cid=Sprott Asset Management LP

http://www.theglobeandmail.com/globe-investor/funds-and-etfs/funds/summary/?id=50507

I hope this information is useful to those looking for "safer" alternatives to just equities.

Amazing but true - 3D Printer

Microvision lands development agreement with major auto manufacturer

http://www.picopros.com/article/microvision-signs-development-agreement-major-auto-manufacturer-head-display

Murgor update on Golden Arrow

This news came out yesterday, and the stock had a decent day only to give back most of the gains. I can't figure this one out and still think the company is grossly undervalued but for some reason the market doesn't particlarly like this company, and I've yet to find out why. Regardless, these are good drill results.

(Note: This didn't format very well, so please visit the link to view the charts in more accurate form.)

http://www.murgor.com/modules.php?op=modload&name=News&file=article&sid=255

Murgor Resources provides an update on exploration work at Golden Arrow

Tuesday, July 19, 2011
•New assay results demonstrate broad alteration halos are gold-bearing

KINGSTON, ON, July 19, 2011 /CNW/ - Murgor Resources Inc. (MGR: TSX-V) is pleased to provide an update on its exploration results so far at its Golden Arrow Gold project, located 65 kilometres east of Timmins, Ontario. To date, Murgor has completed 30 drill holes at the property for a total of 6,019 metres. Assays pending on drill holes A11-28, A11-29 and A11-30. Murgor's first drilling program at Golden Arrow was completed at the end of May 2011. This program outlined a gold zone with drill intercepts of up to 124 m, over a strike length of 250 m and a vertical depth of up to 200 m, immediately below and to the SW of the current open pit.
"To say the least, Murgor is delighted with these drilling results at Golden Arrow. We're very encouraged by the continuity and the width of the mineralized zone so far. The occurrence of continuous higher gold grade mineralized zones within the broader zones of lower grade in this phase of drilling suggests there is the possibility of identifying zones amenable to underground mining on the property in addition to zones amenable to potential open pit mining," contends André Tessier, President and CEO of Murgor Resources. "With these positive results, we are eager to aggressively advance exploration and drilling initiatives on this prolific project in 2011/2012."

Complete results are as follows:

HOLE-ID FROM (m) TO (m) LENGTH (m)* Au (g/t) Status of Intercept

A10-01 8.00 64.00 55.00 1.18 New Results

incl. 33.00 64.00 31.00 1.71 Announced 10/02/2011

incl. 42.00 54.00 12.00 2.52 Announced 10/02/2011

A10-02 31.00 91.00 60.00 1.23 New Results

incl. 31.00 62.00 31.00 1.63 Announced 10/02/2011

incl. 50.00 61.00 11.00 2.12 Announced 10/02/2011

A10-03 22.00 90.00 68.00 1.77 New Results

incl. 41.00 84.00 43.00 2.41 Announced 10/02/2011

incl. 59.00 78.00 19.00 3.43 Announced 10/02/2011

A10-04 10.00 95.00 83.00 1.95 New Results

incl. 34.00 96.00 59.00 2.64 Announced 10/02/2011

Incl. 35.00 66.20 31.20 3.21 Announced 10/02/2011

A10-05 13.00 124.00 111.00 1.22 New Results

incl. 48.00 95.00 47.00 2.04 Announced 10/02/2011

Incl. 73.00 88.00 15.00 3.05 Announced 10/02/2011

A10-06 29.00 83.00 52.50 1.38 New Results

incl. 43.00 80.00 35.50 1.70 Announced 10/02/2011

Incl. 54.00 80.00 24.50 2.04 Announced 10/02/2011

A10-07 5.00 73.00 68.00 1.21 New Results

incl. 5.00 19.00 14.00 3.37 Announced 10/02/2011

Incl. 6.00 16.00 10.00 4.09 Announced 10/02/2011

A10-08 180.00 206.00 26.00 0.75 New Results

Incl. 187.00 191.00 4.00 2.88 Announced 10/02/2011

A10-09 61.00 146.00 85.00 1.55 New Results

incl. 91.00 131.00 40.00 2.56 Announced 7/04/2011

Incl. 91.00 114.00 23.00 3.26 Announced 7/04/2011

A10-10 14.00 114.00 100.00 1.13 New Results

incl. 65.00 111.00 46.00 1.89 Announced 7/04/2011

Incl. 65.00 68.00 3.00 4.11 Announced 7/04/2011

Incl. 82.00 111.00 29.00 2.04 Announced 7/04/2011

incl. 95.00 110.00 15.00 3.00 Announced 7/04/2011

A10-11 56.00 156.00 100.00 1.37 New Results

Incl. 62.00 70.00 8.00 3.79 Announced 7/04/2011

and 107.00 129.00 22.00 3.12 Announced 7/04/2011

A10-12 123.00 193.00 70.00 1.39 New Results

Incl. 137.00 152.00 15.00 4.17 Announced 7/04/2011

A11-13 46.00 136.00 90.00 1.57 New Results

Incl. 66.00 118.00 55.00 2.18 Announced 21/04/2011

Incl. 92.00 118.00 26.00 3.18 Announced 21/04/2011

incl. 92.00 99.00 7.00 5.75 Announced 21/04/2011

A10-14 79.00 163.00 84.00 1.04 New Results

107.00 163.00 56.00 1.29 New Results

Incl. 124.00 146.00 22.00 2.00 Announced 21/04/2011

incl. 127.00 132.00 5.00 3.38 Announced 21/04/2011

A11-15 107.00 187.00 80.00 1.13 New Results

Incl. 142.00 168.00 26.00 2.11 Announced 21/04/2011

Incl. 142.00 148.00 6.00 4.62 Announced 21/04/2011

A11-16 59.50 101.00 41.50 0.75 Announced 21/04/2011

A11-17 69.00 114.00 45.00 1.13 New Results

Incl. 93.40 111.50 18.10 1.81 New Results

A11-18 70.00 145.00 75.00 1.38 New Results

111.00 135.00 24.00 3.09 Announced 18/05/2011

Incl. 121.00 134.00 13.00 4.15 Announced 18/05/2011

A11-19 65.00 173.00 108.00 1.28 Announced 18/05/2011

Incl. 98.00 157.00 59.00 1.67 Announced 18/05/2011

Incl. 127.00 157.00 30.00 2.20 Announced 18/05/2011

Incl. 142.00 153.00 11.00 3.29 Announced 18/05/2011

A11-20 85.00 179.00 94.00 1.01 New Results

incl. 114.00 156.00 42.00 1.41 Announced 8/06/2011

A11-21 87.00 208.00 121.00 1.14 Announced 8/06/2011

Incl. 90.00 178.00 88.00 1.28 Announced 8/06/2011

Incl. 150.00 178.00 28.00 2.15 Announced 8/06/2011

A11-22 59.00 172.00 113.00 1.36 New Results

Incl. 65.00 87.00 22.00 2.72 Announced 8/06/2011

Incl. 66.60 76.00 9.40 3.96 Announced 8/06/2011

A11-23 160.00 195.00 35.00 1.84 Announced 8/06/2011

Incl. 160.00 188.00 28.00 2.14 Announced 8/06/2011

Incl. 167.00 177.00 10.00 3.25 Announced 8/06/2011

A11-24 43.00 93.00 50.00 1.10 New Results

Incl. 44.00 53.00 9.00 2.12 New Results

A11-25 59.00 105.00 46.00 0.61 New Results

A11-26 113.00 237.00 124.00 0.94 New Results

incl. 143.00 237.00 94.00 1.00 New Results

Incl. 143.00 187.00 44.00 1.19 New Results

A11-27 175.00 221.00 46.00 1.11 New Results

Incl. 255.00 262.00 7.00 2.42 New Results
(NOTE: In A10-04, 3.0 m of missing core from 66.2 m to 69.2 m and in A10-06, 1.5 m of missing core from 68.5 to 70.0 m due to old underground developments. These intervals were not taken into account in the reported mineralized intercepts. True widths average approximately 75% of reported core lengths.)
Exploration work continues at Golden Arrow with geophysical surveys aimed at extending the current mineralized zone and exploring the untapped potential of the property at large. The ongoing phase of drilling is aimed at proving the depth potential of the gold mineralized zone with a drilling program of nearly 5,000 m that should be completed in the early fall of 2011.
Please see the sections of drilling results attached to this press release on our website at www.murgor.com.
The syenite-hosted gold mineralization consists of a stockwork of quartz veins and veinlets enclosed in a halo of pink to brick-red potassic alteration with 2-3% disseminated pyrite. The style of the gold mineralization is similar to the syenite-hosted gold mineralization at the Young-Davidson Mine approximately 50 km south of Golden Arrow where Northgate Minerals Corp. has now defined reserves in excess of 2.8M ounces gold at similar grades (Northgate Minerals Corp. 43-101 Technical Report, Jan. 23, 2009, available on SEDAR).
Gold analyses reported in this release were performed by standard fire assay using a one assay ton aliquot with a gravimetric finish. All assays were performed by Activation Laboratories Ltd. in Timmins, Ontario. Sampling and analytical procedures are subject to Murgor's comprehensive Quality Assurance and Quality Control program. The QA-QC program includes duplicate samples, blanks and analytical standards.

About the Golden Arrow Gold Mine
The Golden Arrow property consists of 17 mining patents and leases, and four mining claims covering 723 hectares in Hislop Township and located 65 kilometres east of the Town of Timmins in Ontario. In 1981 and 1982, a total of 279,593 tons of ore was mined at a grade of 0.061 oz/t (2.09 g/t) from the Arrow open pit. Mining ceased due to low gold prices.
The property was originally explored underground in the 1940's to by the Golden Arrow Mining Company Ltd. who sank a shaft to a depth of 435 ft (130 m) below surface and undertook about 700 m of horizontal development on the 250 ft (76 m) and 400 ft (122 m) levels.
The Golden Arrow property is underlain by mafic flows and syenite intrusions with younger post mineral diabase dikes. Gold mineralization is generally hosted within a syenite intrusion and consists of a stockwork of quartz veinlets situated within a broader halo of pink to brick-red potassic alteration. Mineralized zones are related to a NE-SW structure associated with the Porcupine-Destor Fault Zone. The property covers a two kilometre strike extent of this NE-SW structure. The Golden Arrow gold deposit is located 9 km SW of the past-producing Ross Gold Mine which produced nearly one million ounces of gold between 1936 and 1989. Also located in Hislop Twp are the presently producing Hislop Mine of St Andrew Goldfields Ltd. and the Black Fox Mine of Brigus Gold Corp. Please visit www.murgor.com for additional information about the Golden Arrow Gold Mine.


About Murgor Resources
Murgor Resources Inc. is a mineral exploration and development Company focused on near-term production at the Golden Arrow Gold Mine in Ontario. Murgor also owns a 100% interest in two gold-copper deposits in the Snow Lake and Flin Flon mining districts of Manitoba. The company further owns an exceptional portfolio of gold properties in proven mining districts of Canada, as well as a 1% NSR royalty in the Barry Gold Mine and the Windfall Gold Project in Québec.

The table below shows the total 43-101 compliant resource for Murgor's Hudvam and Wim deposits.

INDICATED RESOURCE Project Tonnage Grade* Metal Content

Metric Tonnes Cu % Zn% Au g/t Ag g/t Cu (lb) Zn (lb) Au (oz) Ag (oz)

Hudvam 854,076 1.22 1.78 3.82 13.84 23,007,640 33,541,359 104,930 379,928

Wim 2,776,787 1.94 0.3 1.88 7.53 118,762,524 18,365,339 167,838 672,246

TOTAL 3,630,863 141,770,164 51,906,698 272,768 1,052,174

INFERRED RESOURCE Project Tonnage Grade* Metal Content

Metric Tonnes Cu % Zn% Au g/t Ag g/t Cu (lb) Zn (lb) Au (oz) Ag (oz)

Hudvam 502,901 0.79 1.33 3.25 6.96 8,758,802 14,745,831 52,548 112,534

Wim 445,999 1.12 0.43 2.11 5.06 11,012,528 4,228,024 30,256 72,556

TOTAL 948,900 19,771,330 18,973,856 82,804 185,090
* Based on a 2.0% copper equivalent cut-off grade.
For statement of resources, see Murgor Press Releases: Aug. 28, 2008 for Hudvam and Sept. 09, 2008 for Wim.

Junior Mining Investor

I came across an extensive review of the book, "Junior Mining Investor", at the Silver Monthly Website.
and thought that some of you may find this interesting and would like to order a copy for yourself. It's one that's definitely going on my "must read" list for the fall.

Take a moment to read the review submitted by Randy Radic at the Silver Monthly Website.

http://www.silvermonthly.com/junior-mining-investor-book-review/

Metanor Resources Inc. (TSXV: MTO) Face The Analyst - Interview ~ Investmentpitch.Com | Investment Videos, Corporate Presentations, Private & Public Companies, Financial Advisors

Metanor Resources Inc. (TSXV: MTO) Face The Analyst - Interview ~ Investmentpitch.Com Investment Videos, Corporate Presentations, Private & Public Companies, Financial Advisors

Good interview with Metanor's Vice President, Ron Perry and Jay Taylor.

Picopros Review of the The NionCom™ Android Mini-Tablet

Picopros Gets an Exclusive Look at The NionCom™ Android Mini-Tablet

http://www.picopros.com/content/picopros-gets-exclusive-look-nioncom%E2%84%A2-android-mini-tablet

This is an extensive review of the NionCom Android Mini-Tablet. I think that pico projectors will become more mainstream, as this technology evolves and is the next "must have" for any techie buff.
It's a must read!

Quote:
"The smaller pico mini-tablet has 4GB of flash memory while the HDD-based Vision™ mini-tablet has a 500GB hard disk drive. The Vision™ also has an additional SD memory card slot (expandable up to 64GB). And, because these mini-tablets are Android devices, the full Android Marketplace is available. This means that users can make Skype phone calls, stream movies, surf the internet, play games, and work on office documents - each having the flexibility to display it all in a large-screen format. Near a television? Connect it via HDMI. No TV available? No worries. Simply share your content with the embedded laser projector at up to 100” in size. Because it uses MicroVision’s patented PicoP® technology, the image is always in focus and produces beautiful, vivid colors."

As a side note, Microvision had dismal financial results in their last earnings report. The reason being, there was a delay until this year for the rollout of the NionCom tablet, and the double green laser was costly. On top of that, Corning stopped manufacturing the double green laser which left the company with a large, expensive item on their inventory. With the news today, financials may finally turn around for Microvision.

Article from February, 2011
Cost-cutting MicroVision pins hopes on green diodes
http://optics.org/news/2/2/13

"Not only did its lead customer Nioncom delay plans to launch a new “MemoryKick” product featuring MicroVision’s pico projector by at least nine months (it decided to switch the operating system from Windows to Android), but key supplier Corning decided to stop manufacturing frequency-doubled green lasers.

The net result was that MicroVision was left with both a huge build-up of inventory and fewer suppliers of a key component. The complexity and high cost of that key component is also holding back the widespread deployment of laser-based projectors inside products such as smart phones and tablets."

San Gold

San Gold recently released updated production results, with more ounces produced in the latest quarter, and lower cash costs than originally planned. It's interesting to note, that on June 24th they announced a JV with WEL - Wildcat Exploration, and on June 14th a JV with COU - Cougar Resources. These are small exploration companies with properties in the Bissett area.

It's well known that a large amount of drilling results are due from San Gold, which will add to the 43-101 resource estimate. They should be reporting on 80 - 90 drill holes, which I had expected a few weeks ago.

After these releases on JV's with small juniors in the area, it's my belief that they wanted those finalized before releasing any further drill results. Time will tell, but San Gold - SGR-T is still one of my favourite gold companies and is a long term hold.

Excellent Map of the area

http://www.wildcat.ca/upload/rice_lake_2009IntierraMap.pdf

Lindsey Williams - Jeff Rense Show 23 June 2011 | Lindsey Williams The Energy Non Crisis

Interesting interview. I've followed Lindsey Williams for a while now and he has been dead on. He says that the word "reserve currency" is now gone and will be replaced by the term "Petro Dollar". This will be backed by gold. The U.S. will default on their debt. Every middle east king will fall, with the Arab leader to fall last. At this point, when oil prices skyrocket, the U.S. will begin extracting their own oil, included the Baaken Oil.

He says from September - December gold and silver will rise 20 - 25%.

Lindsey Williams - Jeff Rense Show 23 June 2011 Lindsey Williams The Energy Non Crisis

Buy Gold before the July - October rally

National Post article

http://www.financialpost.com/gold+before+July+October+rally/5014432/story.html

Some of my older posts on Wildcat

http://tictalker.blogspot.com/2010/12/wildcat-exploration.html

http://tictalker.blogspot.com/2010/12/wildcat-exploration-maps.html

http://tictalker.blogspot.com/2010/12/wildcat-more-maps.html

Wildcat Options Three Gold Properties to San Gold

http://www.theglobeandmail.com/globe-investor/news-sources/?date=20110624&archive=ccnm&slug=201106240707995001

Wildcat Options Three Gold Properties to San Gold


Friday, June 24, 2011

WINNIPEG, MANITOBA--(Marketwire - June 24, 2011) - Wildcat Exploration Ltd. (TSX VENTURE:WEL) is pleased to announce that it has signed a letter of intent with San Gold Corporation (TSX: SGR) to grant an option to earn an interest in three of Wildcat's gold projects in the Rice Lake greenstone belt of Manitoba.

Under the terms of the letter of intent, which are to be incorporated into a definitive agreement, San Gold may earn an 80% interest in Wildcat's Mike Power, Jeep and Poundmaker projects by meeting a multi-year schedule of obligations. The four-year schedule includes exploration spending of $5.1 million; cash consideration paid to Wildcat totaling $1 million; and, subject to regulatory approval, San Gold subscriptions for shares of Wildcat with a market value of $1 million. Inclusive are terms whereby, upon signing a definitive agreement, Wildcat will receive $250,000 in cash, San Gold will subscribe for shares of Wildcat having a market value of $250,000, and San Gold will carry out $1 million of exploration spending in the first year. At the start of each of years two, three and four, Wildcat will receive further cash payments of $250,000 and San Gold will subscribe for additional Wildcat shares having a market value of $250,000. San Gold will be the operator of the projects for the duration of the agreement.

John Knowles, Wildcat's CEO commented, "This deal allows Wildcat to rapidly advance our projects in the vicinity of San Gold's deposits while bringing up to $2 million into Wildcat's treasury. By partnering with San Gold, with its nearby mill and proven mining and exploration teams, the economic hurdle to advance our properties has been substantially lowered. With San Gold exploring in three of our Rice Lake properties, this transaction allows us to focus energies on our other gold projects in the Uchi subprovince at Siderock and McVicar, as well as our base metal projects at Reed in the Flin Flon-Snow Lake greenstone belt and at Burntwood in the Thompson Nickel Belt."

The Mike Power property is comprised of 24 contiguous claims covering 3,029 hectares with the eastern boundary approximately 3.5 km west of the San Gold's Rice Lake Mine at Bissett. The property straddles the Gold Creek Shear Zone which is interpreted to represent the western extension of the Normandy Creek fault.

Wildcat's initial 2011 drill program on the property, comprised of 1,200 metres in seven holes, discovered a wide zone of intermittent, anomalous gold mineralization in diamond drill hole ("DDH") MP–11–01 (see news release of February 4, 2011). To follow up on the discovery Wildcat collared two holes flanking DDH MP-11-01 at approximately 80 to 100 metre step outs. The most easterly hole intersected improved values in a gold-bearing structure that now has gold mineralization up to 180 metres in strike length and open in all directions (see news release of March 23, 2011).

The Jeep property encompasses 4,016 hectares in 26 claims and is located 14 km east of the Rice Lake Mine. It is host to multiple west-northwest trending gold-bearing vein systems that were mined from 1949 to 1951. The property hosts the past producing Jeep gold mine with historical production of approximately 18,000 tons of ore at an average gold grade of 0.78 oz/ton (non-compliant with NI 43-101).

A total of 945 metres of drilling in six holes was completed on the project during the 2010/11 winter drilling program. Diamond drill hole JP–10–24 intersected 0.29 metres grading 55.1 g/t gold (see news release of February 4, 2011). The mineralization was interpreted to be related to a northeasterly structure that cross-cuts the southeasterly-trending main mine trend structure. Previous drilling by Wildcat, along the main mine trend, returned gold mineralization from a quartz vein with visible gold assaying 109.5 g/t Au over a core length of 0.78 metres, intersected in drill hole JP-06-05 from 219.12 to 219.9 metres depth.

The Poundmaker property, previously under option to a third party, was returned to Wildcat in March 2011. The property is comprised of 72 claims covering 12,176 hectares in the Saxton Lake area of the Rice Lake greenstone belt, west of Bissett, Manitoba. Its eastern boundary is approximately 5 km west of the Rice Lake Mine and the property extends west for a distance of 23 kilometres, straddling the Wanipigow fault which is the dominant geological feature of the Rice Lake greenstone belt.

The property hosts several gold occurrences and historical workings, some of which had been sampled and drill tested by Wildcat prior to granting the previous option. The property is interpreted to be underlain by favourable rocks and structures that are along strike from known gold mineralization on the San Gold property.

Wildcat's exploration program is managed by Tom Lewis, P.Eng., a Qualified Person as defined by NI 43-101, who has reviewed all technical information in this release.

About Wildcat Exploration Ltd.

Wildcat Exploration Ltd. is a Winnipeg-based company exploring for gold and base metals in Canada. Its portfolio includes: (1) several gold projects in the Rice Lake greenstone belt in Manitoba, (2) the McVicar gold property in the Uchi subprovince of Ontario, (3) the Reed base metal and PGE project in the Flin Flon-Snow Lake greenstone belt in Manitoba, (4) the Burntwood nickel project in the Thompson nickel belt in Manitoba and (5) the Foster zinc-lead-silver project in Saskatchewan. The Company seeks to continuously upgrade its property portfolio through exploration and accretive transactions.

For further information on the Company please visit our website at www.wildcat.ca or contact us at info@wildcat.ca or see the contact information.

The Company's public filings, including its most recent audited consolidated financial statements, can be reviewed on the SEDAR website (www.sedar.com).

Source: Wildcat Exploration Ltd.

John Knowles, President & CEO
Suite 203, 1780 Wellington Avenue
Winnipeg, Manitoba, R3H 1B3
Phone: (204) 944-8916
Fax: (204) 944-8918

Exclusive: The Fed's $600 Billion Stealth Bailout Of Foreign Banks Continues At The Expense Of The Domestic Economy, Or Explaining Where All The QE2 Money Went

Exclusive: The Fed's $600 Billion Stealth Bailout Of Foreign Banks Continues At The Expense Of The Domestic Economy, Or Explaining Where All The QE2 Money Went

TheStar Carrigan: After a painful correction, opportunities

TheStar Carrigan: After a painful correction, opportunities

Breakwater Shares jump on Macquarie recommendation

Reason for the rise yesterday on Breakwater - BWR.TO

http://business.financialpost.com/2011/05/19/breakwater-shares-jump-on-macquarie-recommendation/

Hong Kong Mercantile

Hong Kong Mercantile has started it's own gold futs exchange

http://tradingchief.com/group-board.php?symbol=@GOLD&name=GOLDBUG&subject=take-that-ya-COMEX-bastids&pid=18326

Top 10 Electrical stocks with Highest upside potential - MVIS 4th on the list

Top 10 Electrical Stocks with Highest Upside: CRTP, ABAT, SIHI, MVIS, NEWN, HEV, BCON, OPTT, CELM, VLNC (May 18, 2011)
(May 18, 2011)

http://investmentblog.biz/market-currents/top-10-electrical-stocks-with-highest-upside-crtp-abat-sihi-mvis-newn-hev-bcon-optt-celm-vlnc-may-18-2011/


Best-Rated Stocks; Highest-Upside; Fastest-Growing; Top 10 Lists; Analyst Actions
Below are the top 10 Electrical stocks with highest upside potential, UPDATED TODAY before 4:30 AM ET, based on the difference between current price and Wall Street analysts’ average target price. Four companies (CRTP, ABAT, SIHI, CELM) are on the list.

China Ritar Power Corp. (NASDAQ:CRTP) has the 1st highest upside potential in this segment of the market. Its upside is 525.0%. Its consensus target price is $10.00 based on the average of all estimates. Advanced Battery Technologies, Inc. (NASDAQ:ABAT) has the 2nd highest upside potential in this segment of the market. Its upside is 354.5%. Its consensus target price is $7.00 based on the average of all estimates. SinoHub Inc (NYSE:SIHI) has the 3rd highest upside potential in this segment of the market. Its upside is 307.8%. Its consensus target price is $5.75 based on the average of all estimates. Microvision, Inc. (NASDAQ:MVIS) has the 4th highest upside potential in this segment of the market. Its upside is 262.9%. Its consensus target price is $4.50 based on the average of all estimates. New Energy Systems Group. (NYSE:NEWN) has the 5th highest upside potential in this segment of the market. Its upside is 259.3%. Its consensus target price is $12.00 based on the average of all estimates.

Ener1, Inc. (NASDAQ:HEV) has the 6th highest upside potential in this segment of the market. Its upside is 222.1%. Its consensus target price is $5.22 based on the average of all estimates. Beacon Power Corp. (NASDAQ:BCON) has the 7th highest upside potential in this segment of the market. Its upside is 190.7%. Its consensus target price is $3.75 based on the average of all estimates. Ocean Power Technologies, Inc. (NASDAQ:OPTT) has the 8th highest upside potential in this segment of the market. Its upside is 190.5%. Its consensus target price is $14.00 based on the average of all estimates. China Electric Motor, Inc. (NASDAQ:CELM) has the 9th highest upside potential in this segment of the market. Its upside is 185.2%. Its consensus target price is $8.30 based on the average of all estimates. Valence Technology, Inc. (NASDAQ:VLNC) has the 10th highest upside potential in this segment of the market. Its upside is 154.6%. Its consensus target price is $2.75 based on the average of all estimates.


http://investmentblog.biz/market-currents/top-10-electrical-stocks-with-highest-upside-crtp-abat-sihi-mvis-newn-hev-bcon-optt-celm-vlnc-may-18-2011/

New Tax on Gold Is Hidden in Obamacare

This isn't new, but is a reminder that effective Jan. 1, 2012 - US federal law will require coin and bullion dealers to report to the Internal Revenue Service all gold and silver coin purchases and sales greater than $600.

So, they will be able to track those who actually hold physical gold, and tax those who buy it.

The American people have lost their freedom and privacy, but not from foreign invaders, but by the government who is supposed to uphold and protect the people it serves.

http://www.moneynews.com/StreetTalk/New-Tax-Gold-Hidden-Obamacare-healthcare/2010/07/21/id/365283

60 minutes: The next housing shock

TheStar Carrigan: Sell in May? Don’t be too hasty

TheStar Carrigan: Sell in May? Don’t be too hasty

TheStar Carrigan: Markets set for a roller-coaster summer

TheStar Carrigan: Markets set for a roller-coaster summer

Price of Gold and Canadian Stocks

As a I write this, the price of gold is $1502.90 and up another $8.20 this morning. Keep in mind that's in U.S. dollars. $1502 U.S. is equivalent to $1430 Canadian dollars.

This is why Canadian gold stocks haven't followed through with this recent surge in the price of gold. The further our dollar climbs against the U.S.$, the less our mines will receive for each ounce mined.
Add to this, increasing energy and oil costs and profits will not be a rosey as some are led to believe.

If gold were to correct here, and the Canadian dollar continue climbing, there will be downward pressure on all precious metal stocks. Caution is warranted.

Your portfolio should include a basket of precious mining stocks, but for protection against runaway inflation and erosion of currencies, you should also hold physical bullion.

At some point, U.S. stocks will be more attractive to hold than the paper currency, because the stocks/indexes will also reflect massive inflation. In other words, because of the erosion of your purchasing power by holding the U.S. dollar, the stock themselves will skyrocket and be a place of shelter.

Anyway, let's see what happens today now that gold as broken through a major point of resistance. If this continues, the stocks should follow and start a new leg upwards.

Good luck!

TheRecord - Governor General second on sunshine list; earned more...

TheRecord - Governor General second on sunshine list; earned more... Top guy paid the most was Tom Mitchell, CEO of Ontario Power Generation - 1.3 in 2010. And we're paying the debt on hydro? We are definitely getting screwed big time! Hydro One CEO Laura Formusa was paid $955,000 & there's 11,000 workers at Hydro One and OPG on the sunshine list!!!

The Real Housewives of Wallstreet

Why is the Federal Reserve forking over $220 million in bailout money to the wives of two Morgan Stanley bigwigs?

http://www.rollingstone.com/politics/news/the-real-housewives-of-wall-street-look-whos-cashing-in-on-the-bailout-20110411

Excerpt:
Now, following an act of Congress that has forced the Fed to open its books from the bailout era, this unofficial budget is for the first time becoming at least partially a matter of public record. Staffers in the Senate and the House, whose queries about Fed spending have been rebuffed for nearly a century, are now poring over 21,000 transactions and discovering a host of outrages and lunacies in the "other" budget.

Lindsey Williams - Vindicated

Bravo, Canada - WSJ commentary

Bravo, Canada
A U.N. snub is a badge of honour

http://online.wsj.com/article/SB10001424052702304410504575560421374193814.html

Life must be very good in Canada, or at least dull, judging by the domestic reaction to its failed bid last week for a temporary seat on the U.N. Security Council. Listen to the yowls in the papers north of the border: "A nation reeling," "humiliating defeat," "a rebuke from the global community," "tarnishes our reputation," "a slap in the face."
We say: Way to go. Canada seems to have annoyed a sufficient number of Third World dictators and liberally pious Westerners to come up short in a secret General Assembly ballot. The sins committed by Stephen Harper's Conservative government include staunch support for Israel, skepticism about cap-and-trade global warming schemes, and long-standing commitment to the Afghan war. Americans would be so lucky to get a leader as steadfast on those issues as the Canadian Prime Minister.

The United Arab Emirates took credit for putting together a group of anti-Canadian Arab and Islamic states to stop the bid for the two-year rotating chair. The UAE also has a beef with Ottawa over landing rights for Emirates Airlines going into Canada.

The U.S. role here is also embarrassing—to the U.S. Richard Grenell, a former senior official at the U.S. Mission to the U.N., reported last week that America's U.N. ambassador, Susan Rice, refused to campaign on Canada's behalf. Mr. Harper's politics are not hers, and Liberal opposition leader and Obama political soulmate, Michael Ignatieff, declared last month that Canada under Mr. Harper didn't deserve to get one of the 10 temporary seats.

The farcical nature of all this was made clear when the Canadians lost to Portugal, which—with all due respect to the memory of Vasco da Gama—is no global titan. This small and economically hobbled Iberian country will now hold one of two temporary spots reserved for Western bloc states. Germany was assured the other.

Canada, on the other hand, is a serious country. Under Mr. Harper's leadership, Canada has avoided the worst of the global recession and emerged with a vibrant banking system and strong currency (now trading near parity to the U.S. dollar). The courage of its soldiers in Afghanistan, and in other missions, is testament to a nation that honors its commitments. Canadians should wear the U.N. snub as a badge of honor.

Arab Monarchies To Be Overthrown - Lindsey Williams

Comments on Adventure Gold

http://www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&m=29550109&l=0&r=0&s=AGE&t=LIST

http://www.adventure-gold.com/common/documents/Pascalis_IsometricView_FIG2_7avril2011.pdf

Windsor-Essex being hit by mysterious rumblings

Windsor-Essex being hit by mysterious rumblings