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Aurcana Corporation Message Board

  • kevinoneill725 kevinoneill725 Jan 17, 2013 4:05 PM Flag

    a little hint about the future released today....

    Assets in iShares Silver Trust, the biggest exchange-traded fund for the metal, climbed the most in five years as more investors are seeking an alternative to gold.
    Holdings jumped 572 metric tons, or 5.9 percent, the biggest increase since December 2007, according to data on the iShares website today. BlackRock Inc. (BLK), the manager of the fund, confirmed the figures. The metal worth $579 million boosted assets to 10,735 tons, the most since May last year.
    Global investment through all silver-backed exchange-traded products is a record 19,114 tons, or about nine months of mine output, according to data compiled by Bloomberg and Barclays Plc. Steps by policy makers from the U.S. to China and Europe to boost economies attracted investors to precious metals on bets that stimulus will stoke inflation.
    “Some investors see poor man’s gold as a cheaper alternative to the yellow metal and are allocating to it,” Mark O’Byrne, executive director of Dublin-based GoldCore Ltd., a brokerage that sells and stores bullion coins and bars, said by e-mail today. “Allocations to silver remain very small which suggests that the holdings could go higher resulting in higher silver prices again in 2013.”
    Silver will rise as much as 28 percent to $40.25 an ounce this year, based on the median of 49 analyst, trader and investor estimates compiled by Bloomberg in December. The metal for immediate delivery was at $31.3325 an ounce today in London.

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    • in fact, I am so $$$ coming in next week, provide the check arrives, and I am pumping every dollar into Aurcana. Remember, the CEO has all his money in the company.

    • Silver will break 50 bucks by year end 2013. THIS YEAR.....a slight retrace and then baby, silver goes crazy to 80 in 2014. Aurcana has the premiere production profile in the industry. Today's release was just fine. On schedule. Shafter will be terrific and La negra will continue its expansion. We should hear lots on the CONTINUOUS production developments of each. Then of course, each should bear fruit on the exploration side. i figure the company banked a lot of money this quarter but 2013 was good but a tough year. Still, all in all, we have two absolute positive stud mines going forward. THAT is the bottom line. with a puny market cap, a joke. In one year we will be putting around 100 million in the till, with just decent moves in the price of the metal, which is being very conservative. Silver at 50 is a whole new ball game. sit tight, be right

      • 1 Reply to kevinoneill725
      • it is sooooooooooooooooooo early in the silver bull. I estimate the 3rd inning, and the big moves all come at the end, where there is serious compounding of wonderful early gains. keep buying you guys. i am. every week i buy more. the market is about to get a checkup from the neck up here, sooner rather than later. what are you gonna do? buy ink and paper with people's faces on it? duh. governments are yesterday.............everybody will want silver, much more so than gold.

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