Saturday, October 25, 2008

Gold is a currency

Was just reading Jim Sinclair Oct 24th.

Here is a quote:

Gold is a currency.

Paper currency insures nothing.

Gold is insurance.

Gold is not a commodity.

Gold will trade at a minimum of $1650 MUCH SOONER THAN I HAVE ANTICIPATED.

The shorts in gold shares will get what they deserve - financial decimation.

Your friend,

I like this type of thinking. Makes a prospector want to head back out to the claims and find some more. Happy Hunting.

Tuesday, February 19, 2008

Mineral Prospecting in Manitoba Canada - New Demand

Manitoba like many other areas of Canada is experiencing a surge in mineral exploration, with many companies actively planning or conducting exploration projects. This year it is projected that nearly $100 million will be spent on exploration in the province searching for precious metals like Gold and Platinum and base metals such as Copper, Nickel and Zinc.

With this increased activity comes an increased demand for experienced prospectors to stake mineral claims, cut claim grids, conduct ground prospecting and carry out other work that prospectors have traditionally done. This is a high period or boom time in the exploration cycle and as a result it is becoming harder for companies to hire experienced and reliable prospecting crews.

Many companies that offer prospecting services are themselves finding it hard to hire workers that have experience or whom are trainable and exhibit the characteristics suitable to the job. This creates a situation were project operators are booking prospecting crews several weeks if not months in advance in order to help ensure a reliable work crew.

Personnel that rise to the challenge of working in remote areas, staying in bush camps and working in changing weather conditions have always been difficult to find, particularly new people that will make it a career. At this time of high demand they are even harder to find and the experienced ones are already employed and established in life preferring to be more selective where they work.

On the surface there may appear to be more people entering the profession. Many hire on for "training trials" and to try the job out, but the level of new recruits is quite small and most lack formal or on the job training, while others prefer different lines of work in the long term picture. As a result some companies have had to contract out of province crews to meet time frames and retain experienced prospectors.

Fortunately we have recently seen newer prospecting companies started in the province, by experienced owners / operators. These companies have initiated their own training and recruitment programs that provide for good pay rates and benefits in order to attract and retain reliable people.

Saturday, February 02, 2008

Cash for Manitoba Fuel Lab

Manitoba's efforts at environmentally-friendly transportation got a big boost yesterday with an announcement from the Federal government to commit funding of nearly $1.7 million to to Western Canada Testing Inc. (WESTEST), which is builing an environmentally-controlled fuel and vehicle testing lab.

WESTEST develops and tests components for the transportation, mining and machining sectors. The funds are set to boost biodiesel research at the facility.

In a statement released yesterday, Treasury Board President Vic Toews said the funds should ultimately boost fuel efficiencies and vehicle performance for the province.

Tuesday, January 22, 2008

Gold Price Moving ?

Gold was knocked down to its lowest level in almost three weeks in early London trading today. Brought about in part by plunging global stock markets that forced funds to liquidate profitable commodity positions to cover margin calls.

While gold remains down on the day, buffeted by wider market winds in the short-term, many bullion watchers believe the precious metal should find strong buying interest if the equity market turmoil continues. Gold's historical role as a secure store of wealth has seen it boosted by over 200 usd since the credit crunch first took hold in the summer.