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Hunter Dickinson to Make Strategic Investment in Independent Nickel (INI.TO)                                      Bob Moriarty comments on Ivory Energy (IV.V) on 321energy.com                                      John Lee rates CBM Asia top buy for rest of 2008                                       

Latest Headlines
GOLDMAU.COM 2008-08-20 - Headlines from Reuters, WSJ, NYTimes, FT,...
GOLDMAU.COM 2008-08-20 - Small hedge funds still outperform Northwestern University
GOLDMAU.COM 2008-08-19 - US PPI At 27-Year High; Energy Prices... Bloomberg
GOLDMAU.COM 2008-08-19 - Bank of Japan keeps rate at 0.5% Xinhua China News
GOLDMAU.COM 2008-08-19 - The Great American Yard Sale CNNMoney
GOLDMAU.COM 2008-08-19 - Headlines from Reuters, WSJ, NYTimes, FT,...
GOLDMAU.COM 2008-08-18 - Canada attracts record $27.6 Bn of... Financial Post
GOLDMAU.COM 2008-08-18 - Headlines from Reuters, WSJ, NYTimes, FT,...
GOLDMAU.COM 2008-08-15 - $USD Rally Plows Ahead to $76.69 Yahoo! Finance
GOLDMAU.COM 2008-08-15 - Headlines from Reuters, WSJ, NYTimes, FT,...
GOLDMAU.COM 2008-08-14 - Euro-Zone Economy Contracts Amid Global... Financial Times
GOLDMAU.COM 2008-08-14 - NY Fed: Foreign Central Banks Sell $3 bn... DowJones.com
GOLDMAU.COM 2008-08-14 - US Inflation Hits 17-Year High Bloomberg
GOLDMAU.COM 2008-08-14 - Headlines from Reuters, WSJ, NYTimes, FT,...
GOLDMAU.COM 2008-08-13 - 25% of home sales result in loss CNNMoney
Contributed Commentaries
GOLDMAU.COM 2008-08-20 - The Goldsmiths--Part III R.D. Bradshaw
GOLDMAU.COM 2008-08-20 - Gold Touches 4-Session High as Credit &... Adrian Ash
GOLDMAU.COM 2008-08-20 - Getting a Grip on China Peter A. Grant
GOLDMAU.COM 2008-08-20 - Are Commodities Oversold? Frank Holmes
GOLDMAU.COM 2008-08-20 - Is Your Portfolio Properly Positioned for... Peter Spina
GOLDMAU.COM 2008-08-20 - Commodities: Is the Decennial Pattern... Kurt Kasun
GOLDMAU.COM 2008-08-20 - Agri-Food Thoughts Ned W. Schmidt
GOLDMAU.COM 2008-08-20 - M3 Contraction - The Future Is Now Mike Shedlock / Mish
GOLDMAU.COM 2008-08-19 - Heightened Risk in the Global Marketplace David Cai
GOLDMAU.COM 2008-08-19 - "I'm from the Government and I'm Here to... Casey Research
GOLDMAU.COM 2008-08-19 - The Goldsmiths--Part II R.D. Bradshaw
GOLDMAU.COM 2008-08-19 - China's Inflation Highlights Potential... Peter A. Grant
GOLDMAU.COM 2008-08-19 - Market behaviour does not indicate a gold... Peter J. Cooper
GOLDMAU.COM 2008-08-19 - Gold and the Money Supply Steve Saville
GOLDMAU.COM 2008-08-19 - The Ex Ante Factor: Often Early, Never... Vince Foster
Market Update
August 11, 2008
Bear Comparison: Today's Junior Resource Sector vs 2001's Nasdaq

"Another lesson I learned early is that there is nothing new in Wall Street. There can't be because speculation is as old as the hills. Whatever happens in the stock market today has happened before and will happen again. I've never forgotten that. I suppose I really manage to remember when and how it happened. The fact that I remember that way is my way of capitalizing experience."

- Jesse Livermore, Reminiscences of a Stock Operator

In October 2002, few stock traders doubted that technology was creating value and changing the face of the Earth. Even so, the Nasdaq was priced at 1/4 of the value of its March 2000 peak amid the rubble of the tech crash. Six years later in 2008, the Nasdaq has gained 100% from its 2002 bottom. Such a swing speaks to the short-term irrationality of the market.

Today's resource junior sector offered the same types of glowing promises as the technology startups did in early 2000. With record commodity prices and mining producers looking to replenish depleting reserves through acquisition, the value proposition of junior companies is clear.

For the last few years, investors bought into junior mining companies for the elusive, 10-bagger discoveries. While there were some success stories, most junior mining investors have found disappointment so far.

[Continue reading here ]

Company News Releases
GOLDMAU.COM 2008-08-20 - Investment Industry Regulatory... INI.TO
GOLDMAU.COM 2008-08-15 - Trade Resumption - INFINITY ALLIANCE... TCF.V
GOLDMAU.COM 2008-08-14 - Completion of Qualifying Transaction and... TCF.V
GOLDMAU.COM 2008-08-14 - Sacre-Coeur Closes Further $4.125 Million... SCM.V
GOLDMAU.COM 2008-08-13 - Bulk Sample Coal Tests Being Conducted on... RH.V
GOLDMAU.COM 2008-08-08 - Sacre-Coeur Minerals, Ltd. Closes $3.625... SCM.V
GOLDMAU.COM 2008-08-07 - West Central Alberta (Obed) Gas Well... IV.V
GOLDMAU.COM 2008-08-07 - Independent Nickel Identifies New... INI.TO
GOLDMAU.COM 2008-08-06 - Sacre-Coeur Minerals, Ltd. Announces... SCM.V
GOLDMAU.COM 2008-08-01 - Infinity Announces Conditional Acceptance... TCF.V
Homepage

Reference
U.S. Federal Funds Rate
2008-08
2.00
2008-07
2.00
2008-06
2.00
2008-05
2.00
2008-04
2.00
2008-03
2.25
2008-02
3.00
2008-01
3.00
2007-12
4.25
2007-11
4.50
2007-10
4.50
2007-09
4.75
Canada Target Rate
3.00
3.00
3.00
3.00
3.00
3.50
4.00
4.00
4.25
4.50
4.50
4.50
Euro Area Repo Rate
4.25
4.25
4.00
4.00
4.00
4.00
4.00
4.00
4.00
4.00
4.00
4.00
United Kingdom Bank Rate
5.00
5.00
5.00
5.00
5.00
5.25
5.25
5.50
5.50
5.75
5.75
5.75
Japan Target Rate
0.50
0.50
0.50
0.50
0.50
0.50
0.50
0.50
0.50
0.50
0.50
0.50


[ For historical interest rates, please click here ]
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Question:

John:

Have enjoyed your insightful articles. Was reading your bit on Kitco today where you mentioned the low rate of return on TSX junior stocks shortly after listening to a Jim Puplava interview ( http://www.netcastdaily.com/broadcast/fsn2008-0524-3a.mp3 ). They were discussing the naked short selling that some of the Cdn. investment bankers are doing before new placements come out, which apparently drives the prices in the Juniors sector down. You can pick up their comments about half way through the tape. Do you agree this is happening and if it is, to what degree do you think it affects the prices?

Thanks, and keep up the good work.

R.O.

John's Answer:

Yes. I have read about the short selling of junior shares, even from some of the people I hold in the highest regard.....

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