The 21st Century Gold Rush
How High Can Gold and Silver Stocks Go?
Higher Than You Might Think!!
The lineups to buy gold resembled movie theatre queues waiting
to see Apocalypse Now.
Gold prices, a barometer of political and economic fears as well as
simple greed, began the 1980s by reaching a record $850 an ounce
in the US / Canada -- right through the top of old scales of value.
The poor man’s precious metal, silver, reached $56 and continued
to rise faster than gold.
Waiting for hours with money in pocket or purse from savings bonds
and savings accounts, they stood in their jeans, ski jackets, bulky
sweaters, construction boots and business suits.
Some carried knapsacks.
They ranged in age from 20’s to middle age.
All believed that, sooner or later, purchasing gold and silver
would pay off.
All but one were buyers.
The solitary seller was cashing in a gift of silver.
“I don’t understand the stock market. Gold is on the front page
and is easy to follow,” said a young woman.
The analysts and economists cite a litany of woes to explain the
new gold rush.
But to gold and silver buyers, last week and this, the most
important factor is that prices are moving and they were
afraid of being left behind, empty handed.
Gold sold in Canada for $268 when 1979 began.
Amazed in the sudden surge above $700, gold devotees begin
to think $1,000 possible soon.
The rocketing prices startle the experts and frighten even the
analysts who forecast a precious metals boom.
The action is so wild that the market experts have stopped
forecasting prices.
The gold explosion is the result of many causes and may have
many effects. Inside, The Financial Post reports on the outlook
for gold and silver.
Industrial users worried about prices, p.4.
Why silver soared faster than gold, p.4.
Canadian traders say silver’s popular, p.4.
Secrecy and ritual in London fixing, p.5.
Comment on the political options, p.6.
Shares in gold stocks look even better, p.17.
Ottawa won’t announce timing of gold sale, p.18.
The Financial Post – January 1980
This front page story was from the top of the gold and
silver market in January 1980 when gold hit $800 and silver
was $50+.
As you might guess, we are years away from any newspaper
articles of this magnitude. But I do predict that by the end of
this decade, there will be news stories published around the
world similar to this 1980 front page story.
If you want to know my price prediction for gold based on solid
historical research, you can read my last essay
“The 5th Wave Advance in Gold” to understand my argument
for the coming explosion in gold. (I’m also very bullish on silver).
In this essay I will focus on gold and silver stocks to see where
they might be going in the next 3-5 years. In the last few months
I have started out on a unique quest…to go back in time to the
1970s and to see what happened to gold and silver stocks when
gold hit $500 then $600 then $700 all they way to the $850+ price
and $50 silver.
I started my research by going to my local library to look at old
newspapers from the 1970s and wow did I find some amazing things!!
My library had The Financial Post newspapers on microfilm all the
way back to 1972 which was the very beginning of the last gold
and silver bull market. I quickly went to work spending hours
poring over the old papers looking for articles and stories on
gold and silver to see if there were any similarities between now
and the 1970s.
There were a few articles about gold from 1972 to 1975, but the
really big stories didn’t really get published until around 1978-79
and especially in January of 1980 with the final blow off top in
both gold and silver.
What I really wanted to uncover from the old financial papers
were old stock tables so I could see how high most gold and
silver stocks got to in January of 1980 and from what level a
few years earlier. What I found was absolutely shocking.
In 1975 most or all of the gold and silver stocks were trading
under $2.
Most were penny stocks under $.50. Even with gold up 400%
from the 1972 low of $60 to the 1975 top of $200, most gold and
silver shares did little to make anyone notice--especially the
mass public who had no idea what was going on.
It was not until gold bottomed out in late 1976 at $100 and into
1977 that gold and silver stocks started their historic bull market.
It would end where some of the prices for gold and silver stocks
were unthinkable only a few years earlier. I printed out stock
tables from 1975 up until the January '80 top and was totally
stunned at what I found. Let me give all you fellow gold and
silver investors and people reading this essay who are thinking
about buying some gold and silver shares a few of the many
examples of the kind of gains that were made in the last gold
and silver bull market a generation ago (before cell phones,
the internet, and p4 computers) so you can have an example
of the kind of gains we may see in the new gold and silver bull
in the 21st century.
Lion Mines – 1975 price $.07 / 1980 price $380
YES, that’s right. It’s not a misprint.
You could have bought 1000 shares of Lion Mines in 1975
for around $50 dollars at 7 cents per share and held on for
5 years riding the wild gold and silver bull until 1980 where
you then sold those same shares for $380 each for a total
profit of around $380,000. Not bad hey!!!!!
This is only one of many more examples:
Bankeno – 1975 price $1.25 / 1980 price $430
Wharf Resources – 1975 price $.40 / 1980 price $560
Steep Rock – 1975 price $.93 / 1980 price $440
Mineral Resources – 1975 price $.60 / 1980 price $415
These are only a handful of gold and silver stocks that participated
in what I consider one of the biggest financial opportunities in the
history of human civilization. I don’t know of any other time
except maybe the .com bubble where in only a 5-year time span
you could have tuned so little into so much wealth. Imagine
buying in 1975 a handful of gold and silver stocks for under a dollar
and selling them in 5 years for $100, $200, or even $500 per share
as gold fever ripped through Wall Street. This is a great example
of the kind of investing philosophy that Dr. Marc Faber talks
about where to be a great investor you only need to make a few
good investment decisions in your whole life to be successful.
This one decision in 1975 to buy just a handful of gold and silver
stocks and sell them near the all time highs of hundreds of dollars
per share could have set you up financially for the rest of you life!!!!.
I truly believe we are at that same juncture as in 1975, but only this
time the fundamentals are even better for gold and silver.
The similarities between the 1970s and today are uncanny.
Here are a few quotes from one of my most cherished books.
“It will be hard for people to believe this but, via inflation, their
own government did them in. Practically on a daily basis in 1974
people saw rising prices in grocery stores, as they received fewer
goods for their dollars. A full-fledged panic away from paper
money could start”.
Or how about this nice quote?
“When people see gold and silver standing alone amidst the
economic ruins, they will realize that we gloom and doomers
were actually right. Hopefully, eternal optimists will pay more
heed to warnings the next time around”.
I like this one the best:
“Too much paper has been printed in the past, and will have
to be wiped out no matter what.”
This is a good one too.
“People say gold is useless. Not true. It is demonstrating its
function right now. Gold is the ballast for the printing press
used in making paper money, and gold relentlessly punishes
offenders”
The list of timeless quotes goes on and on in this awesome
book, but I will leave you with one last quote from this magical
book that is very import and relevant to today’s problems in
the US dollar and the so-called economic rebound.
“It’s dawning on many people that to defend the dollar, US
interest rates will have to go up; else, money will be transferred
from the U.S to England to take advantage of higher interest rates,
and a dollar crisis would ensue. However, if interest rates go up,
this might choke off the boom in our economy. What a dilemma!”
WOW that about sums it up. That quote could have been seen
in many newspapers just this week!!!
Like I said before, the similarities between now and then are
simply stunning. All of these quotes tell the real story of why
gold (and silver) are so important throughout history and that
history does really repeat itself. These quotes are the real
fundamental cornerstone of why gold is in a bull market today
and why the current rally in the general equity markets is only
a bear market rally or a secondary reaction based on 45-year low
interest rates, several tax cuts and by the fed flooding the world
with fiat (unbacked) dollars!! Once the Fed raises interest rates
to save the dollar (Coming to a theater near you!), the stock
markets, bond markets, housing markets and credit markets
will implode.
For anyone reading this essay that would like to know the real
story of why the US dollar is doomed unless the Fed starts to
raise rates fast, I would highly recommend another one of my
most favorite books “The Dollar Crisis” by Richard Duncan.
In this book, Mr. Duncan takes you step by step through the
causes and the consequences of the US dollar crisis. If you
want to know why gold and silver will explode in value, you
must have the information in this book. Here is one small
quote that gives you an example of why gold and silver are
in a bull market and why the dollar is set to fall to much lower
levels in the future:
“Balance of payments deficits of an unprecedented magnitude
have resulted in credit induced economic over heating on a
global scale. The foundations for sustainable economic
growth will not be restored until this flaw is corrected and
the U.S. trade deficit ceases to flood the world with U.S. dollar
liquidity.
That will require that the dollar standard be replaced by a new
international monetary system that does not generate, or even
tolerate, rampant credit creation.”
This current environment for the dollar is horrific to say the least.
Look at these two charts below. One is of the US dollar index and
the other chart is of that the infamous stock, Enron. Don’t these
two charts look very similar!!!
If you believe in the Elliott wave theory like I do--that all financial
charts are based on greed and fear and that those two human
emotions print beautiful fractal (patterns within patterns)
pictures--then these two charts should shock everybody!
(The numbers in the two charts are not Elliott wave counts,
but they are there to help the reader clearly see a similar
pattern in both charts) If the dollar even slightly follows the same
pattern that Enron did--and at this point it really does look that
way--then the US economy, stock market, and social structure
have some very hard times ahead.
The only way to stop the waterfall decline in the U.S. dollar is
for the Fed to raise interest rates to attract more buyers who at
this point are getting better returns in other safer currencies
around the world. But if they do that and raise rates, they will
cause a simultaneous crash in multiple markets (stock, bond,
housing and credit). Only gold and silver and the companies
that take it out of the earth will prosper in that environment.
Greenspan has painted himself into a corner that many believe
he will not be able to get out of.
Investing in gold and silver shares now and holding them for
the next 3-5 years could be the only financial decision you
have to make in your entire life. No need to trade in and out
and get killed on commissions and slippage. Just buy a basket
of gold and silver stocks now when many are still under $5
per share and wait until you see headlines in the newspapers
similar to the one that I opened my essay up with. Remember,
when that front page story was run in January 1980, most gold
and silver stocks were trading over $50 per share and lots were
trading over $100 -$200. Some were trading even as high as $500
per share when only a few years earlier you could have bought
the same stocks quietly for under 1 dollar. I can tell all of you
out there that there is not one gold or silver stock that I know
of that is anywhere close to trading at or over $100 per share.
Just look at the long term picture of the XAU gold/silver stock
index. It is not even close to an all time high yet!!! It just
recently broke out of its massive text book perfect head and
shoulders reversal pattern.
I know it’s hard for most people to think that gold and silver
will surpass their old January 1980 highs of $850+ for gold
and $50+ for silver, but that is what a 20+ year generational
bear market will do to a whole nation of investors who have
grown up with falling real assets (gold and silver) and rising
paper assets (stocks and bonds). When the tide of human
emotion swings and paper assets really start to fall hard
(the day the fed bites the bullet and raises interest rates to
save the dollar), the lust and fever for real assets will be
unbelievable. The .com bubble where many stocks went
from pennies to hundreds of dollars per share will look small
compared to some of the upcoming gains in the first ever gold
and silver bull market of the 21st century. Unlike the .com bubble
that was based on easy financing, false profits and aggressive
accounting, the coming explosion in gold and silver stocks will
be all about supply and demand and a mad fear to protect one’s
savings from paper destruction. When the entire world wants a
piece of the gold and silver stock bull market, there will only be
a limited supply of shares so they will have to be bid up to
unthinkable levels. The gold and silver stock sector is very
small compared to the bond market and the overall stock
market and it won’t take much to push these stocks into
the stratosphere.
I am sure that most of you reading this essay have co-workers
that couldn’t even name one silver stock, but in 3-5 years they
will be telling you what silver stocks to buy and that will be a
sign that the top is near.
The situation for gold and silver are almost perfect. Believe me,
if gold and silver don’t surpass their old 1980 highs in the next
3-5 years, they never will. I strongly believe that after reading
dozens of books and most of the writings on gold and silver
and pouring over newspapers from the 1970s to early 1980s,
that the opportunity in gold and silver and the companies that
mine them in the next 3-5 years is a once in a lifetime opportunity.
Even a modest investment today in a few silver and gold stocks
could change your financial destiny in just a few years.
EURASIA GOLD MINES Strategic Au/Gold Euro Production...
cbs.marketwatch.com/charts/...ick=1&rand=520565211&siteid=mktw
EGX has started a repeat of the EGX 1996 performance
EGX bigchart TA Alert Signal Strong Bull Start
chart.bigcharts.com/bc3/intchart/frames/...and=9249&mocktick=1
A record production of 8,596 ounces of GOLD
was precipitated during the 3rd quarter of 2003,
compared to 7,328 ounces in the 2nd quarter.
EGX is doing extremely well and making a good profit
as well, compared to a lot of other Gold expl.
companies - who trading 100 times more in market
cap values than EGX?
EGX has plenty of more hard assets Gold Mines
today and should be trading in a much higher
market cap values than in 1996...
a hidden EGX TI - Top trendline
shows the next target closer to $2.00,
imo, Best regards, MfG
How High Can Gold and Silver Stocks Go?
Higher Than You Might Think!!
The lineups to buy gold resembled movie theatre queues waiting
to see Apocalypse Now.
Gold prices, a barometer of political and economic fears as well as
simple greed, began the 1980s by reaching a record $850 an ounce
in the US / Canada -- right through the top of old scales of value.
The poor man’s precious metal, silver, reached $56 and continued
to rise faster than gold.
Waiting for hours with money in pocket or purse from savings bonds
and savings accounts, they stood in their jeans, ski jackets, bulky
sweaters, construction boots and business suits.
Some carried knapsacks.
They ranged in age from 20’s to middle age.
All believed that, sooner or later, purchasing gold and silver
would pay off.
All but one were buyers.
The solitary seller was cashing in a gift of silver.
“I don’t understand the stock market. Gold is on the front page
and is easy to follow,” said a young woman.
The analysts and economists cite a litany of woes to explain the
new gold rush.
But to gold and silver buyers, last week and this, the most
important factor is that prices are moving and they were
afraid of being left behind, empty handed.
Gold sold in Canada for $268 when 1979 began.
Amazed in the sudden surge above $700, gold devotees begin
to think $1,000 possible soon.
The rocketing prices startle the experts and frighten even the
analysts who forecast a precious metals boom.
The action is so wild that the market experts have stopped
forecasting prices.
The gold explosion is the result of many causes and may have
many effects. Inside, The Financial Post reports on the outlook
for gold and silver.
Industrial users worried about prices, p.4.
Why silver soared faster than gold, p.4.
Canadian traders say silver’s popular, p.4.
Secrecy and ritual in London fixing, p.5.
Comment on the political options, p.6.
Shares in gold stocks look even better, p.17.
Ottawa won’t announce timing of gold sale, p.18.
The Financial Post – January 1980
This front page story was from the top of the gold and
silver market in January 1980 when gold hit $800 and silver
was $50+.
As you might guess, we are years away from any newspaper
articles of this magnitude. But I do predict that by the end of
this decade, there will be news stories published around the
world similar to this 1980 front page story.
If you want to know my price prediction for gold based on solid
historical research, you can read my last essay
“The 5th Wave Advance in Gold” to understand my argument
for the coming explosion in gold. (I’m also very bullish on silver).
In this essay I will focus on gold and silver stocks to see where
they might be going in the next 3-5 years. In the last few months
I have started out on a unique quest…to go back in time to the
1970s and to see what happened to gold and silver stocks when
gold hit $500 then $600 then $700 all they way to the $850+ price
and $50 silver.
I started my research by going to my local library to look at old
newspapers from the 1970s and wow did I find some amazing things!!
My library had The Financial Post newspapers on microfilm all the
way back to 1972 which was the very beginning of the last gold
and silver bull market. I quickly went to work spending hours
poring over the old papers looking for articles and stories on
gold and silver to see if there were any similarities between now
and the 1970s.
There were a few articles about gold from 1972 to 1975, but the
really big stories didn’t really get published until around 1978-79
and especially in January of 1980 with the final blow off top in
both gold and silver.
What I really wanted to uncover from the old financial papers
were old stock tables so I could see how high most gold and
silver stocks got to in January of 1980 and from what level a
few years earlier. What I found was absolutely shocking.
In 1975 most or all of the gold and silver stocks were trading
under $2.
Most were penny stocks under $.50. Even with gold up 400%
from the 1972 low of $60 to the 1975 top of $200, most gold and
silver shares did little to make anyone notice--especially the
mass public who had no idea what was going on.
It was not until gold bottomed out in late 1976 at $100 and into
1977 that gold and silver stocks started their historic bull market.
It would end where some of the prices for gold and silver stocks
were unthinkable only a few years earlier. I printed out stock
tables from 1975 up until the January '80 top and was totally
stunned at what I found. Let me give all you fellow gold and
silver investors and people reading this essay who are thinking
about buying some gold and silver shares a few of the many
examples of the kind of gains that were made in the last gold
and silver bull market a generation ago (before cell phones,
the internet, and p4 computers) so you can have an example
of the kind of gains we may see in the new gold and silver bull
in the 21st century.
Lion Mines – 1975 price $.07 / 1980 price $380
YES, that’s right. It’s not a misprint.
You could have bought 1000 shares of Lion Mines in 1975
for around $50 dollars at 7 cents per share and held on for
5 years riding the wild gold and silver bull until 1980 where
you then sold those same shares for $380 each for a total
profit of around $380,000. Not bad hey!!!!!
This is only one of many more examples:
Bankeno – 1975 price $1.25 / 1980 price $430
Wharf Resources – 1975 price $.40 / 1980 price $560
Steep Rock – 1975 price $.93 / 1980 price $440
Mineral Resources – 1975 price $.60 / 1980 price $415
These are only a handful of gold and silver stocks that participated
in what I consider one of the biggest financial opportunities in the
history of human civilization. I don’t know of any other time
except maybe the .com bubble where in only a 5-year time span
you could have tuned so little into so much wealth. Imagine
buying in 1975 a handful of gold and silver stocks for under a dollar
and selling them in 5 years for $100, $200, or even $500 per share
as gold fever ripped through Wall Street. This is a great example
of the kind of investing philosophy that Dr. Marc Faber talks
about where to be a great investor you only need to make a few
good investment decisions in your whole life to be successful.
This one decision in 1975 to buy just a handful of gold and silver
stocks and sell them near the all time highs of hundreds of dollars
per share could have set you up financially for the rest of you life!!!!.
I truly believe we are at that same juncture as in 1975, but only this
time the fundamentals are even better for gold and silver.
The similarities between the 1970s and today are uncanny.
Here are a few quotes from one of my most cherished books.
“It will be hard for people to believe this but, via inflation, their
own government did them in. Practically on a daily basis in 1974
people saw rising prices in grocery stores, as they received fewer
goods for their dollars. A full-fledged panic away from paper
money could start”.
Or how about this nice quote?
“When people see gold and silver standing alone amidst the
economic ruins, they will realize that we gloom and doomers
were actually right. Hopefully, eternal optimists will pay more
heed to warnings the next time around”.
I like this one the best:
“Too much paper has been printed in the past, and will have
to be wiped out no matter what.”
This is a good one too.
“People say gold is useless. Not true. It is demonstrating its
function right now. Gold is the ballast for the printing press
used in making paper money, and gold relentlessly punishes
offenders”
The list of timeless quotes goes on and on in this awesome
book, but I will leave you with one last quote from this magical
book that is very import and relevant to today’s problems in
the US dollar and the so-called economic rebound.
“It’s dawning on many people that to defend the dollar, US
interest rates will have to go up; else, money will be transferred
from the U.S to England to take advantage of higher interest rates,
and a dollar crisis would ensue. However, if interest rates go up,
this might choke off the boom in our economy. What a dilemma!”
WOW that about sums it up. That quote could have been seen
in many newspapers just this week!!!
Like I said before, the similarities between now and then are
simply stunning. All of these quotes tell the real story of why
gold (and silver) are so important throughout history and that
history does really repeat itself. These quotes are the real
fundamental cornerstone of why gold is in a bull market today
and why the current rally in the general equity markets is only
a bear market rally or a secondary reaction based on 45-year low
interest rates, several tax cuts and by the fed flooding the world
with fiat (unbacked) dollars!! Once the Fed raises interest rates
to save the dollar (Coming to a theater near you!), the stock
markets, bond markets, housing markets and credit markets
will implode.
For anyone reading this essay that would like to know the real
story of why the US dollar is doomed unless the Fed starts to
raise rates fast, I would highly recommend another one of my
most favorite books “The Dollar Crisis” by Richard Duncan.
In this book, Mr. Duncan takes you step by step through the
causes and the consequences of the US dollar crisis. If you
want to know why gold and silver will explode in value, you
must have the information in this book. Here is one small
quote that gives you an example of why gold and silver are
in a bull market and why the dollar is set to fall to much lower
levels in the future:
“Balance of payments deficits of an unprecedented magnitude
have resulted in credit induced economic over heating on a
global scale. The foundations for sustainable economic
growth will not be restored until this flaw is corrected and
the U.S. trade deficit ceases to flood the world with U.S. dollar
liquidity.
That will require that the dollar standard be replaced by a new
international monetary system that does not generate, or even
tolerate, rampant credit creation.”
This current environment for the dollar is horrific to say the least.
Look at these two charts below. One is of the US dollar index and
the other chart is of that the infamous stock, Enron. Don’t these
two charts look very similar!!!
If you believe in the Elliott wave theory like I do--that all financial
charts are based on greed and fear and that those two human
emotions print beautiful fractal (patterns within patterns)
pictures--then these two charts should shock everybody!
(The numbers in the two charts are not Elliott wave counts,
but they are there to help the reader clearly see a similar
pattern in both charts) If the dollar even slightly follows the same
pattern that Enron did--and at this point it really does look that
way--then the US economy, stock market, and social structure
have some very hard times ahead.
The only way to stop the waterfall decline in the U.S. dollar is
for the Fed to raise interest rates to attract more buyers who at
this point are getting better returns in other safer currencies
around the world. But if they do that and raise rates, they will
cause a simultaneous crash in multiple markets (stock, bond,
housing and credit). Only gold and silver and the companies
that take it out of the earth will prosper in that environment.
Greenspan has painted himself into a corner that many believe
he will not be able to get out of.
Investing in gold and silver shares now and holding them for
the next 3-5 years could be the only financial decision you
have to make in your entire life. No need to trade in and out
and get killed on commissions and slippage. Just buy a basket
of gold and silver stocks now when many are still under $5
per share and wait until you see headlines in the newspapers
similar to the one that I opened my essay up with. Remember,
when that front page story was run in January 1980, most gold
and silver stocks were trading over $50 per share and lots were
trading over $100 -$200. Some were trading even as high as $500
per share when only a few years earlier you could have bought
the same stocks quietly for under 1 dollar. I can tell all of you
out there that there is not one gold or silver stock that I know
of that is anywhere close to trading at or over $100 per share.
Just look at the long term picture of the XAU gold/silver stock
index. It is not even close to an all time high yet!!! It just
recently broke out of its massive text book perfect head and
shoulders reversal pattern.
I know it’s hard for most people to think that gold and silver
will surpass their old January 1980 highs of $850+ for gold
and $50+ for silver, but that is what a 20+ year generational
bear market will do to a whole nation of investors who have
grown up with falling real assets (gold and silver) and rising
paper assets (stocks and bonds). When the tide of human
emotion swings and paper assets really start to fall hard
(the day the fed bites the bullet and raises interest rates to
save the dollar), the lust and fever for real assets will be
unbelievable. The .com bubble where many stocks went
from pennies to hundreds of dollars per share will look small
compared to some of the upcoming gains in the first ever gold
and silver bull market of the 21st century. Unlike the .com bubble
that was based on easy financing, false profits and aggressive
accounting, the coming explosion in gold and silver stocks will
be all about supply and demand and a mad fear to protect one’s
savings from paper destruction. When the entire world wants a
piece of the gold and silver stock bull market, there will only be
a limited supply of shares so they will have to be bid up to
unthinkable levels. The gold and silver stock sector is very
small compared to the bond market and the overall stock
market and it won’t take much to push these stocks into
the stratosphere.
I am sure that most of you reading this essay have co-workers
that couldn’t even name one silver stock, but in 3-5 years they
will be telling you what silver stocks to buy and that will be a
sign that the top is near.
The situation for gold and silver are almost perfect. Believe me,
if gold and silver don’t surpass their old 1980 highs in the next
3-5 years, they never will. I strongly believe that after reading
dozens of books and most of the writings on gold and silver
and pouring over newspapers from the 1970s to early 1980s,
that the opportunity in gold and silver and the companies that
mine them in the next 3-5 years is a once in a lifetime opportunity.
Even a modest investment today in a few silver and gold stocks
could change your financial destiny in just a few years.
EURASIA GOLD MINES Strategic Au/Gold Euro Production...
cbs.marketwatch.com/charts/...ick=1&rand=520565211&siteid=mktw
EGX has started a repeat of the EGX 1996 performance
EGX bigchart TA Alert Signal Strong Bull Start
chart.bigcharts.com/bc3/intchart/frames/...and=9249&mocktick=1
A record production of 8,596 ounces of GOLD
was precipitated during the 3rd quarter of 2003,
compared to 7,328 ounces in the 2nd quarter.
EGX is doing extremely well and making a good profit
as well, compared to a lot of other Gold expl.
companies - who trading 100 times more in market
cap values than EGX?
EGX has plenty of more hard assets Gold Mines
today and should be trading in a much higher
market cap values than in 1996...
a hidden EGX TI - Top trendline
shows the next target closer to $2.00,
imo, Best regards, MfG
