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I don’t know what it is going to take in order to slow down the PTQ rumor mill, but this madness needs to stop. Today I received an email from a reader asking me to confirm if Petaquilla has suspended production per a brief article posted on the Panama-Guide.com website. I am responding on GoldStockMania.com for the benefit of all PTQ investors who also may be concerned about this issue. Let me say this very clearly, “Gold Production has not been suspended at PTQ’s mine!” I also confirmed this with Petaquilla’s Investor Relations, per the message I received this morning. Read more…

Last week I received an email about Petaquilla Minerals (PTQ, PTQMF) from a GoldStockMania.com reader concerned about their recent share price reaction to the gold refinancing news release.  I am sure he is not the only one wondering why the stock price did not react favorably to the news release. Here are my thoughts on what it will take to get Petaquilla Minerals’s share price off the ground and into orbit where it belongs.

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At last, Petaquilla Minerals ( PTQ, PTQMF) has put out a news release on the ongoing efforts to refinance their $70 million debt. Many were concerned about the amount of time it was taking to get their refinancing completed. In fact, this uncertainty lead many to speculate that things were not going so well a Petaquilla.  As of yesterday, Petaquilla put the concerns of many to rest with their news release shown below. Read more…

No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility. Click image for clip and additional info. Read more…

Here is another quick update for those of you (like me) who have invested in Petaquilla Minerals. I received an email from PTQ’s investor relations today with a new nugget of information of which I will discuss briefly below. I also would like take a moment or two and review PTQ’s pricing action since my last update. Read more…

I found this interesting article this morning over at zerohedge.com reporting that certain parts of the state of Michigan might be starting an alarming trend for the for the Feds and the dollars they print…that is…people using gold and silver as money!

I hope this catches on like a wildfire all over the US as this would definitely send a strong message to those people who claim to work in Washington for the best interest of US and its citizens… Would you considering using gold, silver, and copper coins in place of dollars? Read more…

I am really, really disturbed by this article, which discusses a new tax reporting revision that was sneaked into the recently passed health care reform bill which will force coin and bullion dealers to now file a 1099 tax form for any purchase/sale of bullion worth $600 dollars or more in 2012. Massive taxation was discussed in 6 Months til Largest Tax Hike in US History and cited as one of the primary benefits of expatriation in my article 10 Benefits of (Exiting the US) Expatriation. The more I see this sort of stuff coming from our greedy, needy, desperate, and corrupt federal government, the more I can’t wait to someday become an expat too! This really makes my blood boil! I believe this is a very clever move by the Federal government to do a number of things to harm the physical gold market. Read more…

Well, it looks like it will not be too long before taxes start going up here in the United States. This is one of the primary reasons cited for expatriation in the article, 10 Benefits of (Exiting the US) Expatriation. I believe that Federal, State, & local governments don’t have much of a choice anymore but to raise taxes consistently from here on out as they become more desperate to replace lost revenues from the effects of a sick economy. I am willing to bet that steady tax increases (even new taxes) are certainly in the cards for US citizens and businesses no matter which party is in power. Anyway, the following article is a good read, I am not too sure though that some of our desperate congress folks looking to get re-elected this fall will not come in and delay some of the taxes to a further date in the future instead of Jan 1, 2011. Read more…

MiningMarketWatch.net recently sent an update on Metanor Resources, which is one of my top penny mining stock picks. Metanor has exceptional management, great upside potential, and is a gold producer. Cash cost per ounce should be around $US 500 per ounce. I don’t of too many new gold producers you can buy today with a 1Moz+ gold resource, targeted to produce 60K-70K ounces of gold per year, with a cash cost of just $500 dollars,  run by a great management team , and you can buy for about 50 cents/share. If you do, then please let me know. For more information, see Metanor Resources Trading Card for my complete review. Read more…

I wanted to relay a brief update I recently received from Petaquilla Minerals regarding their refinancing status. As many of you know, this is a very big deal they need to close in order to really get the share price going in the right direction. Many people have wondered when will they complete the refinancing, will they complete it, and why is it taking so long? Apparently Petaquilla is ready to provide a status update in the form of a company news release soon. Below is the most recent message I have received from Petaquilla’s Investor Relations. Read more…

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I just saw this update on Timmins Gold (TMM.v, TMGOF), one of my penny mining stock picks that I did a Trading Card review on back on Feb. 7th, 2010. It looks like they are continuing to roll a long pretty smoothly! Timmins is now targeting 9,000 oz/month by this December 2010! With the life of the mine cost being close to $400 and gold being over $1200/oz…. Certainly looks like a winner to me. Read more…

Here are 10 gold price forecasts for 2010 and beyond. As you know, higher gold prices should eventually translate into higher profits for gold stock mining companies. Which in turn should eventually result in higher share prices for many of them. Hopefully you have a few good ones picked out as things should continue to get more interesting with each passing day. Check out the following forecasts and let me know where you think the price of gold is going and when….

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GoldStockMania.com reader who goes by “SW”, was kind enough to write-up the article below to discuss his experiences of living abroad as an expat. It is a nice follow-up to the recent article, “10 Benefits of (Exiting the US) Expatriation.” There are some good comments at the end of the article for anyone who is considering leaving the US before civil unrest breaks out here. SW has lived in six different countries, values his privacy and freedom (as do I). So please enjoy SW’s article below and feel free to leave a comment or question for him. Read more…

I had originally received a request from a GoldStockMania.com reader who goes by the user name, “SW”, to do a review on Anglo Far East Bullion and weigh in on if I thought they are a legitimate option for buying and storing allocated gold and silver bullion. I complied to the request and posted a review on Anglo Far East (AFE) on February 28th, 2010. Since then I have taken the liberty to open up an account and personally talk with the folks over at AFE. I have more information I would like to bring you up to speed on in my Anglo Far East Review, Part 2. Read more…

Things are certainly starting to get interesting with the latest happenings at Revett Minerals and their Rock Creek property. As many of you know, they have battled environmentalist groups for many years now for the right to develop Rock Creek into a silver producing mine. It is well-known that enormous silver deposits exist at their Rock Creek property, but Revett has thus far been unable to tap this large silver reserve for one reason after another. Several environmental groups have banded together to prevent any development from taking place there. It now looks like Revett is taking the gloves off and are about to come out swinging in the next round.

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Has anyone noticed how gold has been getting pretty hot lately? I mean it is really starting to sizzle! Silver is doing pretty good today as well, although I am still waiting for it to cross over $21/oz. The Comex shorting game can’t go on forever and perhaps we are already witnessing a short squeeze in progress. Investors just need to keep getting physical with gold and silver. I believe the Comex paper market is going to bust. Sooner or later the sophisticated investors who really want the price of gold to go higher will figure out this one simple thing they need to do…..and it’s more than just buying physical gold and silver. Read more…

I had received an email from Petaquilla Minerals this morning answering my questions on why it has taken so long to close the refinancing deal with the bank and when do they expect to complete the arrangement. I received an update from Petaquilla’s Investor Relations this morning which I promptly sent out a quick update to my newsletter subscribers just before heading out the door along with my recommendations. I have included PTQ’s reply below along with my comments…. Read more…