Source: The Gold Report  09/02/2008
A pioneer in global investing, with a reputation for discovering big winners, Adrian Day gives us his insight on whether he thinks gold has hit the bottom, and what it’s going to take to get the juniors going again. He also tells us which juniors he thinks are positioned to weather the slowdown. Day is President of Adrian Day Asset Management, which manages portfolios in resource and global equities, and the editor of “Adrian Day’s Global Analyst.”

The Gold Report: So what’s your take on where we are with the markets. . .you think we’ll see a change soon?

Adrian Day: People are still very, very concerned about the dollar and inflation, and rightly so. The core CPI numbers were up .7% in one month. That’s a high number and the precise number may be a monthly anomaly, but it’s very clear that the trend in …

Got Gold Report Comments on Proposed SEC Short Sale Rule S7-08-08

By Gene Arensberg 30 Jun 2008 at 02:10 PM

ATLANTA (ResourceInvestor.com) — I’d like to comment on the Securities and Exchange Commission’s proposed naked short selling antifraud rule S7-08-08 under the Securities Exchange Act of 1934, issued in Release No. 34-57511. The Securities and Exchange Commission needs to crack down on illegal manipulative short selling.

As Dr. Robert Shapiro pointed out in his May 8, 2008 comment, while naked short selling is presumed to be a small amount of the trading volume when compared to all volume of the exchanges as a whole, when the illegal practice is concentrated into thinly traded small and micro-cap companies it can make up a large portion of the trading activity in those issues, perhaps even a majority of all trades for those issues for extended periods of time.

Small, thinly-traded issues on

TICKER: TSXV-ASX; OTCBB-ASXSF
DESCRIPTION: Canadian-based mineral exploration company Alberta Star Development Corp.’s flagship project is its 100% wholly owned Eldorado – Contact lake copper, gold, silver, cobalt and uranium (IOCG+U) project located in the Eldorado – Contact Lake Mineral Belt in Canada’s Northwest Territories. The property includes six former uranium & silver producers. The Eldorado – Contact Lake Mineral Belt is recognized by geologists as one of the most prospective Iron oxide, copper, gold, silver and Uranium (IOCG+U) regions in northern Canada. Alberta Star is featured in a documentary, “Somba Ke,” hosted by Global National’s Kevin Newman

WEBSITE: http://www.alberta-star.com…

TICKER: AGG.V
DESCRIPTION: African Gold Group is engaged in the identification, acquisition and exploration of prospective gold projects that are situated along significant gold trends within West Africa. To date, the company controls a total of 12 gold concessions that are consolidated in five distinct standalone exploration projects, of which three projects are located in Ghana and the remaining two are located in Mali, West Africa. The Mankranho concession is referred to as the “Jewel in the Crown” as it lies on strike and contiguous with Newmont’s biggest development project in the world: The Ahafo project. The management team brings over 100 years of operating experience on the African continent.
WEBSITE: http://www.africangoldgroup.com/s/Home.asp…

The Gold Report checks in again with Hans Peter Schmidlin, CEO of Precious Capital Ltd. in Zurich. We last interviewed Schmidlin in February (see that interview here) and wanted to get his latest thoughts on gold and the economy. The firm’s Precious Capital Global Mining & Metals Fund invests mainly in the leading global mining companies as well as some junior companies in the mining sector. Schmidlin, who has over 20 years experience in technical analysis, is the former Head of Trading ABN Amro Bank, Zurich, and Founder and editor TnP Research, Baar

TGR: A lot of the buzz here is about the price of gold, currently about $927. All of our sponsors, particularly the gold mining stocks, are waiting for an increase to start funding the mines.

HPS: There are two important points about the price correction in gold. The first one is the anti-correlation …