Re, my previous post about Nevsun (NSU), A take over bid is still expected. The buyer will most likely be Lundin Mining but, Lundin is re calculating its balance sheet due to some unforseen taxes and previous takeover expenses. Originally a bid was expected by most who are following this, within the first quarter of this year. I put the odds of a takeover bid for NSU by Lundin at 85 percent by the end of the second quarter. Nevsun is a perfect fit for Lundin and Lundin is already heavily invested, share wise, in NSU. As always, anything can happen and I could end up eating crow on this one but, if ever there were 2 companies that had a perfect synergy in mining, this would be the 2. Peace and Luck.

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Is there an online trading system that allows investing in both the American and Korean markets?

UBS.com. There is an office here in Seoul. They are great. I have my accounts with them-Japanese, Chinese, and India ADR's etc. They are like the worlds largest brokerage.

Holy Cow, thousand dollar per ounce gold is here at last. the one dollar bill in your pocket is worth 15 percent less than it was last august. silver at 20 bucks per ounce is still a bargain in my book. all commodity markets tend to soften up in the summer time, the way its looking now i'm not so sure we will see any substantial pull back this summer. i hope we do because it will be a great buy in point. the gold bull market marches on. gold is still under priced by more than half when compared with the run up in 1980 after adjusting for inflation. mine finders (mfn) is a very undervalued stock but, not for long. when the big investment money finally decides they need to jump into precious metals, the metals market will take off like a shot to the moon and we will all be talking over beers about how we remember when gold was only one thousand bucks per ounce. we could be talking over beers about how we remember when we could even buy gold. the precious metals comprise a very, very small percentage of the overall market place and it wouldn't take much to totally buy it out and keep the average citizen from being able to purchase gold or silver at any price. remember to always pay yourself first and when you can, pay yourself in gold or silver.

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Nevsun is turning into a bummer. A major, well respected newsletter writer just put it on his sell list. It is probably good for a long term play but the short term take over prospect may be getting nipped in the bud by the forces of government where-in the mine lies. I'm cutting my losses and moving on. MineFinders is the only good thing I see on the gold horizon for now. Peace.

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The government of Ecuador pulled the plug on many mining companies last friday, approving a six month ban on further exploration and development. This, of course had disastrous effects on the share prices of many gold miners working properties in Ecuador, including the once hi flying Aurelian Resources, the company whose share price went from 46 cents per share to 49 dollars per share back in 2006. It made a lot of people rich. For those who held on , it now is making them lose much money. I view this as just another move by a wanna be South American dictator that will only make the mines in the USA, Canada and Mexico more bullish. One must beware the tendency of resource nationalism when investing in countries where the government has undergone philosophical changes from recent elections and other reasons. nationalizing resources is now the trend of the world in general. Gold and silver have pulled back slightly, however the picture is still extremely bullish for both. Some analysts think we are getting ready to enter a major up leg where the stocks of mining companies will begin to rocket along with the price of an ounce. here's hoping. Cheers! P.S. The target for a barrel of oil this year is $125.00. Commodities will continue to outpace most other markets IMHO. The people on many financial news networks would have the public believe there is a commodity 'Bubble'. The very definition of a bubble is an over abundance of supply. Commodity markets are tight, there is no over supply, there are shortages and looming shortages. In the oil market, demand has outpaced supply regardless of any demand drop from the USA. World demand has picked up where U.S. demand falls off and this will continue on and on. The world demands approximately 87 million barrels per day and the world produces around 85 million barrels per day. The major oil fields are in decline. Peace.

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Probably the final nail in the coffin for Crystalex' las christinas project in Venezuela has now been delivered as the government denied the permit to proceed. A stock that was trading over 5 bucks a year ago is now under one buck. Another lesson for only doing commodity investing in politically stable countries. Canada, Mexico and the USA remain the best places to invest in mining.

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Turk Quid Pro Quo

TYHEE, a gold exploration and development company I have talked about in the past, amd in which I personally have a long position, published some decent drill results today, with more assays due to come in the near future. Lots of buzz throughout the junior mining community on this one today. The stock gained a few cents so far today. As always, this is a high risk investment in which you can easily lose all your investment or make a huge gain. It all depends on the ounces they measure and the economic feasability of development. Tyhees project is located in Canada, a politically safe bet at any rate considering everything going on in Ecuador, Venezeula and now the Ghana, West Africa mining sector. The key as always is patience, especially in the case of Tyhee. Sometimes the turtle wins the race in the end. Cheers!

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Some general info here on the state of retail buying for silver in different areas: I routinely buy some silver bullion from the northwest territorial mint because they have decent ( relatively small) premiums over the daily spot price and they have free delivery for purchases over certain amounts. The spread from order time to delivery time has been widening. My latest order will take 5-6 weeks to get delivered but I anticipate adding a couple weeks at least. My last order they missed their delivery time by 1 month. This is because of their backlog of orders. One of the local coin shops I visit can not keep up with their retail silver sales. One month ago they sold out of their silver eagle bullion coin stock within a week of getting it in. The day i was in there, customers bough out much of their bar inventory. A friend of mine who goes to this same shop told me today that the shop had received 1 each one hundred ounce bar a couple days ago and within hours, a customer came in and bought it from them. Retail silver demand seems very strong with no sign of letting up. When I made my first silver eagle purchase in 2002, the premium over spot was only 50 cents and I was the only one in the shop all day. The store had a huge store room full of silver bullion in various forms. food for thought. Cheers!

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