Working in a marketplace with long lead times and large capital expenditures requires patience and fortitude. Capital seems to flow like water with very little return coming from it. If, however, an investor is willing to stick out the long lead times, or happens to time the development cycle correctly, large veins of profit are likely.

Capital Gold Corp., a gold production and exploration company, works to extract gold from its El Chanate gold property in northern Mexico. Positive recent news has found that a former partner company has decided not to exercise its one-time “back-in option” for this mining property - allowing Capital Gold to move forward with future plans.

The company appears to have a fairly stable operation running with its El Chanate gold property. An average monthly output of 4,200 oz. has enabled the company to assess its position and make plans. Organic growth is the key element of

Source: www.GoldForecaster.com 06/27/2008
In a long week in which attempts to lower the oil price and talks about the $ were disappointed [ G-8 meeting and the oil producer’s meeting in Saudi Arabia], the threat of much higher oil prices, a weaker $ and perhaps a vicious fall in equity market in the next few months, Joseph Lieberman, the head of the Senate Banking Committeee. is proposing what in effect are Exchange Control measures on commodity markets and foreign exchanges that host commodity dealing. This week we saw a glimpse of what is to be proposed and is proposing as we send this out.

Sen. Joe Lieberman, tasked with finding controls over speculation in the commodities markets, revealed the drafts of three bills that would sharply curtail the activities of financial investors in the commodities markets.

The most extreme proposal would prohibit private and public pension funds with more than …

Today markets fretted about Lehman Bros. and pondered the messages from Bernanke and impending congressional hearings regarding commodity market “speculation”. The dollar rallied from Bernanke’s comments and commodity markets were pressured by it and potential congressional action.

Volume picked up substantially from the malaise of the past few weeks and breadth was negative particularly on NASDAQ volume. [Yahoo/Finance has an obvious glitch in adding columns.]

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