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 Featured Video
What if We Dropped the Dollar?
With all this talk of the US dollar losing its value, what would happen if the US dollar is no longer the world's reserve currency?
Dow Jones Newswires' Madeleine Lim breaks down what life would be like if the greenback weren't the staple of world currency. Video posted by Frank Edgar.
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Dear Members,
With investors hurdling toward gold as our Government prints
more money, I am reminded of a story that many gold enthusiasts may already
know. It's a story about a real life gold super hero whose deviance of
conventional wisdom turned a failing corporation into one of the world's
largest gold producers.
Many of you who have been a part of Equedia Weekly for a long time will have already heard this story before. But with gold hitting yet another all time high and our many references to the Gold Super Hero in the past few weeks, its only fitting for us to revisit this incredible story one more time.
Rob McEwen wasn't a miner. He was a young man following his father's footsteps
into the business world. Like his dad, he had a fascination for gold.
After years of growing up hearing stories around the dinner table of miners and
prospectors, he finally got his shot.
One day, he stepped into a takeover battle as a white knight and emerged
triumphantly as majority owner of a mine in Red Lake, Ontario. Here he stood at
the head of the boardroom table filled with a room full of experienced senior
geologists, all of whom doubted his ability to lead this company. Who could
blame them? He was a mutual fund manager turned CEO of a gold corporation
overnight.
This company was: Goldcorp
But it was hardly a dream come true. The company he had taken over was plagued
with negative news and on the brink of failure. The miners were on strike and
they were overwhelmed by lingering debts. The gold market was contracting and
the mine's operating costs were exceedingly high, forcing them to cease mining operations.
Unless they found evidence of new gold deposits, the fifty-year old mine was
about to be shut down along with the company.
McEwen knew that the mine had potential. "The Red Lake gold district had 2
operating gold mines and 13 former mines that had produced more than 18 million
ounces combined," he says. "The mine next door had produced about 10
million ounces. Ours had produced only 3 million." So he sent his
geologists packing with $10 million dollars and a plan to drill in the most
remote and deepest parts of the mine.
A few weeks later the geologists returned. With smiles on their faces, they
broke the news to McEwen that would save Goldcorp - at least for another few
years. They had found results signalling new deposits of gold as much as thirty
times the amount they had been mining at the company. But that wasn't enough.
The senior staff continued years of further exploration in attempts to find a
more accurate depiction of the gold's value and location. Despite the expertise
and experience among the staff of senior geologists, their efforts proved
stagnant. It had become obvious that something critical needed to change if
they were to secure a future for Goldcorp. They needed to act faster.
Exhausted and uncertain about Goldcorp's future, McEwen decided to take a break
for some personal development. He attended a MIT conference in 1999, where
corporate presidents from around the world had come to learn about advances in
information technology. Perched up in his chair, he listened as the lecturer
talked about how Linus Torvalds built a masterpiece computer operating system
by revealing his code to anonymous programmers all around the world on the
internet.
Without the help of thousands of anonymous participants, the Linux
system would have cost millions of dollars to produce and would have taken
years. But it didn't.
Then it hit him. If his senior geologists couldn't find the gold in Red Lake,
maybe someone else could.
McEwen wasn't a miner. He didn't think like one either. But that was his
strength. So he rushed back to his corporate head office in Toronto to share
his idea of "open sourced" mining.
McEwen wanted to take all of the data the company has spent creating in the
last fifty years and he wanted to share it openly with the world by posting it
on the internet: "Then we'll ask the world to tell us where we're going to
find the next six million ounces of gold."
At first, Goldcorp's geologists were appalled at the idea of exposing their
fifty years of secret data to the world. And they had good reasons to be. The
mining industry is an intensely guarded business and geological data is to
miners what treasure is to pirates. Giving this sort of data away could not
only subject you to takeover risks, but can also imply that your company no
longer has the ability to move forward on its own.
Despite the inherent risks, McEwen decided to push forward and in March 2000,
he launched the "Goldcorp Challenge." They posted every bit of
information they could on their 55,000-acre property through their website and
setup a contest offering $575,000 worth of prize money to the participants that
could show Goldcorp the best methods and estimates on their property.
McEwen knew this strategy entailed big risks. But the risks of continuing to do
things the old way were even greater.
"Mining is one of humanity's oldest
industrial pursuits," McEwen says. "This is old economy. But a
mineral discovery is like a technological discovery. There's the same rapid
creation of wealth as rising expectations improve profitability. If we could
find gold faster, we could really improve the value of the company."
And improve the value they did. Within weeks, submissions from over one
thousand virtual prospectors in over fifty countries crunched the data. But
geologists weren't the only participants.
Mathematicians, graduate students,
consultants, and military officers all submitted entries. They had,
"applied math, advanced physics, intelligent systems, computer graphics,
and organic solutions to inorganic problems."
Not only had the contestants identified new targets on the Red Lake property,
they introduced Goldcorp to state-of-the-art technologies and exploration
methodologies, including new drilling techniques and data-collection
procedures, and more advance approaches to geological modeling.
McEwen had
harnessed a technological trend that most in the industry would have shunned.
As a result, he turned his destined-for-failure $100 million company into a
company today worth over $27 billion - even in our currently depressed
market.
In a recent newsletter, we announced the discovery of a gold junior play: Trueclaim Exploration Inc. (TSX-V: TRM). If you have not already read the report, you can find it by clicking HERE.
In that report, we talked about Trueclaim's (TSX-V: TRM) Scadding Gold Property and their drill program (which has now begun - see news release by clicking here) to define and increase the
known non-NI 43-101-compliant resource on the Property as well as seek
other mineralization discoveries within the targeted areas.
To date,
the Phase I plan consists of a minimum of fourteen (14) defined targets
distributed around three mined regions identified as the North, South
and East-West zones. Each of these zones has had prior limited drilling
that produced high gold assay values. At the same time, however, the
Company has noted that from the analysis of past drilling data, and
detailed modelling, potential new targets and zones appear to exist and
may extend off the immediate mine area.
With gold prices hovering over $1150/ounce, we are eagerly anticipating their first drill results. With a low market cap, strong news combined with positive results from this drill program could surely have an impact on their share value.
McEwen's courage
to challenge the mining industry's safe-keeping of geological data reveals to
us that change can lead to astonishing results.
With today's change in technology and commodities price rally, this may be the opportunity of a lifetime for many investors and mining and resource juniors. New technologies and high prices are allowing historically great projects to resurrect themselves from the grave.
And it will be the juniors that dig them out and breathe life back into the markets. Don't miss this run.
All the best,
Questions?
Call Us Toll Free: 1-888-EQUEDIA (378-3342)
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Zacks Investment: Is the Bear Market Officially Over?
 Many investors fear that the gains since March is nothing more than a
bear market rally and more pain is ahead of us.
The Zacks experts tackle this
subject and provide some top picks. Click the video to play.
More Zacks videos:
> Momentum Stock Picks - November 19, 2009
> Growth & Income Stock Picks - November 18, 2009
> Using Price-to-Cash Flow to Find Value
> Let Me Check My Calendar - Calendar Spreads and How it Works
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What If They Stop Buying Our Debt?
By Doug Hornig, Senior Editor, Casey Research
 Many citizens probably still cling to the old saw that public debt
doesn't matter because "we owe it to ourselves." Wrong. Debt always
matters. And as for whom we owe it to, it is a lot of kind (or, at
least, not yet unkind) strangers.
As recently as 1970,
foreign holders of U.S. debt were essentially non-existent. But their
slice of our obligation pie has steadily increased, especially over the
past two decades, until now foreign governments and international
investors hold about 35% of Treasuries, as the following chart reveals.
Of about $11 trillion in U.S. debt, foreigners have about $3.8
trillion, with China in the lead at nearly $1 trillion and Japan not
far behind at around $750 billion.
Most likely, though, this trend has already leveled off. The Chinese, Japanese, Russians, and Indians have openly announced...
Click Here to Continue Reading
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Technical Trading with Harry Boxer
 Harry Boxer has more than 40 years of Wall Street investment and
technical analysis experience, including eight years on Wall Street as
chief technical analyst with three brokerage firms.
Watch the video as he walks you through his technical analysis on Advanced Micro Devices, A-Power Generation Systems, China Green Agriculture, Genco Shipping and a whole bunch of other stocks. To see more videos, Click Here. Like his analysis?
Click Here to receive a Free
15-Day Trial to Harry Boxer's Real-Time Technical Trading Diary for Equedia
members.
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Equedia Tips - The Markets Tab
Using the search function at the top right corner of the website, search for any company. Let's use Research in Motion as an example. Once you reach their profile page, click on the MARKETS TAB. You should now see 12 seperate tabs underneath their logo. Try clicking on them and you will find in-depth information such as:
Detailed Quotes - Depth/Level II - Options - Java Charts - News - Profile - Financials - Insiders trades - Filings - Analyst Consensus - Earnings - Historical Data (Highs/Lows, Volumes, Closing/Opening Prices) |
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Build You Network and Invite Your Email Contacts
You can invite your friends to automatically join your network using your email contacts from:
Hotmail, Live, Yahoo! Mail, AOL mail, Gmail, msn, and many more!
or
You can manually add your friends' email addresses by typing them in (or copy and pasting from any text documents)
Just log in with your username and password and click here:
So whether you are a media user or investor, invite your friends now and build your network of investment traders and professionals. Here are some obvious benefits to having a large network:
- Improved credibility to your work and news feeds - the more friends and people you have in your investment network, the more likely you will attract new friends and followers
- Media users with a large network will gain more exposure for their services and attract more potential investors or corporations to their services
- Access more knowledge and information through your feeds
- See your friend's buy, sell, and hold ratings and the companies they have an interest in
Of course, there are many more benefits to inviting your friends but should you give it a try yourself.
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Additional Features (you may not know)
Equedia has many features (you may have overlooked) that will help you manage your investment life and ensure a more enjoyable and useful experience.
Here are just a few of them:
Calendar subscriptions: Keep track of your business events, subscribe to other events, and have access to your online calendar from anywhere in the world. In the near future, we will be working with public companies to add their events to the calendar so that shareholders will never miss an important event again. So call your companies and get them to participate!
Tagging companies to videos and images: Did you know that all of your videos and images can be tagged to public companies? Do you have a video about Google? How about a blog with an image? How about just a blog? Tag it to Google in your blog post, so that anyone searching for Google's quotes and finances can find your coverage!
Buy, Sell, and Hold Ratings: Once you log in, you can submit your buy, sell and hold ratings on the ratings tab so that other shareholders can see what YOU think. You may also access your associates' ratings and see what they think of the shares you hold.
Blog feed subscriptions: Once you add someone as an associate, you will have access to all of their blog posts through your blog feeds. Simply go to your "blog feeds" tab once you log in!
Search function: By far one of the most overlooked but important functions on Equedia. Using the top right hand corner search function, you can find and add any corporations, media users, or investors to your network.
Markets Tab: Under any corporate profile, you will find this tab. Under this tab, you can find the company's news, level 2 depth (delayed), options, charts, profile, financials, insider trades, filings, analyst overviews, earnings, and historical data (these may not be available for all companies)
There are many more useful features on Equedia.com but we think its better if you experience them for yourself. The more associates you have, the more useful Equedia will become for you. So use the new "invite my contacts" function and get started!
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Disclaimer and Disclosure
Equedia.com & Equedia Network Corporation bears no liability for losses
and/or damages arising from the use of this newsletter or any third party
content provided herein. Equedia.com is an online financial newsletter owned by
Equedia Network Corporation We are focused on researching small-cap and
large-cap public companies. Our past performance does not guarantee future
results. Information in this report has been obtained from sources considered to
be reliable, but we do not guarantee that it is accurate or complete. This
material is not an offer to sell or a solicitation of an offer to buy any
securities or commodities.
Equedia.com has been compensated to perform
research on specific companies and therefore information should not be construed
as unbiased. Each contract varies in duration, services performed and
compensation received. Equedia.com is not responsible for any claims made by any
of the mentioned companies or third party content providers. You should
independently investigate and fully understand all risks before investing. We
are not a registered broker-dealer or financial advisor. Before investing in any
securities, you should consult with your financial advisor and a registered
broker-dealer. The information and data in this report were obtained from
sources considered reliable. Their accuracy or completeness is not guaranteed
and the giving of the same is not to be deemed as an offer or solicitation on
our part with respect to the sale or purchase of any securities or commodities.
Any decision to purchase or sell as a result of the opinions expressed in this
report OR ON Equedia.com will be the full responsibility of the person
authorizing such transaction.
Please view our privacy policy and
disclaimer to view our full disclosure at http://equedia.com/cms.php/termsr. Our
views and opinions regarding the companies within Equedia.com are our own views
and are based on information that we have received, which we assumed to be
reliable. We do not guarantee that any of the companies will perform as we
expect, and any comparisons we have made to other companies may not be valid or
come into effect. Equedia.com is paid editorial fees for its writing and the
dissemination of material and the companies featured do not have to meet any
specific financial criteria. Equedia Network Corporation., owner of Equedia.com
has been paid $7,500 Canadian dollars plus gst per month for 3 months of advertisement
coverage on Trueclaim Exploration Inc. We have been paid by the company. We have
also been compensated 30,000 shares of Trueclaim Exploration by a third party
for other marketing services. These services includes but is not limited to the
creation and distribution of reports such as this one written by Equedia.com.
Equedia.com and its affiliates own shares in Trueclaim Exploration at the time
this report was released and we may purchase more shares in the company and
sell them for our own profit, without notice to our subscribers. The companies
represented by Equedia.com are typically development-stage companies that pose a
much higher risk to investors. When investing in speculative stocks of this
nature, it is possible to lose your entire investment over time. Statements
included in this newsletter may contain forward looking statements, including
the Company's intentions, forecasts, plans or other matters that haven't yet
occurred. Such statements involve a number of risks and uncertainties. Further
information on potential factors that may affect, delay or prevent such forward
looking statements from coming to fruition can be found in their specific
Financial reports. Equedia Network Corporation is a distributor (and not a
publisher) of content supplied by third parties and Subscribers. Accordingly,
Equedia Network Corporation has no more editorial control over such content than
does a public library, bookstore, or newsstand. Any opinions, advice,
statements, services, offers, or other information or content expressed or made
available by third parties, including information providers, Subscribers or any
other user of the Equedia Network Corporation Network of Sites, are those of the
respective author(s) or distributor(s) and not of Equedia Network Corporation.
Neither Equedia Network Corporation nor any third-party provider of information
guarantees the accuracy, completeness, or usefulness of any content, nor its
merchantability or fitness for any particular purpose.
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