Junior Miner Gains 240% in One Day!
Thursday, September 30, 2010 at 11:01PM Hello All,
This is your trusty but tired Chief Editor here. I'm tired because I spent most of the day traveling today. I traveled from Acapulco to Mexico City and then to Tijuana. In Tijuana I hired a taxi to drive me across the border and to the San Diego airport and then I rented a car and drove another hour north to Carlsbad.
Why? I'm attending the Casey Gold & Resource Summit for the next 3 days. And why did I take such a circuitous route here, you ask? Well, the cost to go from Acapulco to San Diego was $600 and would have taken 9 hours total. But the cost to Tijuana was $200 and took only about 6 hours, but then of course I had to drive another hour or so to San Diego... but it was still worth it, both in terms of time and money.
On top of my day of travel I still have the finishing touches to put on what I consider to be our finest issue of The Dollar Vigilante yet - scheduled for release tomorrow (October 1st). In it we cover all aspects of the ongoing Dollar collapse and the rise of precious metals. We also have a full expatriation report on Mexico and conclude that Mexico is the safest country in North America. As well, we give our predictions for where gold, the dollar and the markets are going next. We even get a little bit bullish on US real estate, surprise surprise! But we also state that we think US Real Estate can go down another 30-50% from here, but we show you how to profit from US Real Estate even if prices continue to slide.
Phew. And that is only some of the things we cover in the October TDV report. If you aren't a subscriber, sign up today. you can subscribe on a monthly basis with no obligation, for only $15 per month (without specific stock recommendations) or $25/month with specific stock recommendations and real-time market alerts via email as they occur.
And now, a few brief comments before I get back to work on the October TDV.
Junior Miner Gains 240% Today!
It's been a good, long time since the junior end of the mining market has been so bullish. The last time it came anywhere near this close was in 2005, but I argue that today is much more bullish. The last time I can remember a market where junior miners were gaining hundreds of percent per day on release of good news was in 1995 during a brief bull phase during a long term bear market in resources.
Back in 1995 there were stocks making massive moves. It was the time of Diamond Fields, which went from $1 to over $100 and made Robert Friedland into a billionaire. Other stocks, like Cartaway, moved from $1 to over $20 in a matter of a few days! And, of course, the infamous Bre-X, went from pennies to over $200 per share before the news broke that it was a complete scam!
Today had me reminiscing about the good times back in '95 as a little known junior miner named Beaufield Resources (BFD.V) hit $0.68, for a gain of 240% today on $22 million in trading! The stock traded for $0.10 only a few weeks ago and today opened at $0.20 when they announced a large drill hole in Quebec that has the potential to create an area play in Quebec. The hole was rich in zinc and copper but also contained smaller amounts of lead, silver, and gold.
Sign up for TDV's full subscription today to get expert analysis on the next big junior miners from our Senior Analyst, Ed Bugos.
Senate Votes on TV Commercial Volume (seriously)
I couldn't believe my eyes when I saw this headline today. I really don't have much to say, I'm speechless. What is the Senate going to vote on next, the exact amount of Skittles allowed per package?
I don't watch much TV, for my own mental health, but when I do I have noticed that usually commercials are at a higher volume than the regular programming. My response is usually to hit 'mute' or turn the channel. But it must be working if the TV stations do it - otherwise they wouldn't do it.
The last thing I would have ever thought, however, was that I need someone to protect me from this and to force the TV stations, at threat of taking their money (fines) or force (jail), to turn down their volume. If I don't like it, I'll just turn it off. But I guess I am just old fashioned - taking responsibility for my own actions and making my own independent choices. Silly me.
Mrs. Obama's Hobby Bill Stalls in House
AP reports today that Michelle Obama's campaign for healthier school lunches has stalled in Congress. Wow, what action in Congress and the Senate today. First the landmark commercial volume bill and now the torrid debate over some legislation that somehow the wife of the President gets to try to enact as a fun side-project for her as the First Lady, to dream up some random rules and regulations and try to force people to do something she thinks is good.
Apparently the flap came about because the billions of dollars needed to fund Mrs. Obama's pet project was slated to be taken from the food stamp budget.
Perhaps if this bill stalls Mrs. Obama can try to dream up some other idea and force people to adhere to it. Maybe something like "everyone has to wear something pink on Friday's" - or you go to jail.
This Change and Hope stuff has been awesome.
And with that, I dive back into completing the October TDV due in our subscriber's inbox on Friday.
Thanks for reading,

Jeff Berwick
Chief Editor




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