Friday, April 23, 2010

(CFTN) Clifton Mining To Become A Producer?

Clifton Mining Company (CFTN) recently announced that it had signed a 20 year agreement with Desert Hawk Gold Corp., led by an experienced team, to explore, evaluate, develop, and mine mineral resources from the company’s properties.

According the the release, the agreement provides a significant step toward commercial production for mining properties owned by Clifton Mining Company and its subsidiary, Woodman Mining Company.

Clifton has spent 15 years and more than $10 million assembling a portfolio of properties in the historic Clifton Mining district.

Clifton has already filed environmental impact studies for its mining properties with all relevant state and federal agencies, and is in the process of obtaining all necessary permits and approvals to engage in comprehensive mining operations. Desert Hawk anticipates that the venture will be in commercial production by Q3 2010.

As a current shareholder of Clifton Mining Corporation (CFTN), I am looking forward to the day when they start producing a steady stream of income from the mineral production on their many properties.

As a penny stock, this could be a major boon for the stock price of CFTN which trades on the pink sheets.

Investing in penny stocks is inherently risky as is investing in any stock for that matter.

Visit Clifton Mining Website for more information on this promising company.

I have not been paid to write this review. I am a shareholder of Clifton Mining.

Saturday, April 10, 2010

The Silver to Gold Ratio Shows that Silver has much resistance to Overcome

Looking at the most recent weekly chart of the number of ounces of silver that it takes to buy an ounce of gold, we can see that silver in terms of gold has much resistance it must overcome in the area of .017 on the chart.  Since I believe the silver is quite undervalued in terms of gold, I would expect that silver should outperform gold and therefor break through the strong resistance at .017 on the chart.  Will it break through soon.  Will it be turned back once again only to have to try it again later? The only thing this chart really tells me is that silver faces a tough test ahead in terms of gold.