VANCOUVER, BC -Edgewater Exploration Ltd. (TSX-V:EDW)(OTCQX:EDWZF) ("Edgewater" or the "Company") is pleased to announce that it has received a strong endorsement from the Mayor of the Municipality of Cabana de Bergantiños in Galicia, Spain where the Company's Corcoesto Gold Project ("the Project") is located. The Company is in the advanced stages of gold exploration at Corcoesto and has recently started the initial phases of mine permitting with the Galician authorities. The State of Galicia is an autonomous region of Spain and all permits necessary to initiate mining are granted locally by the Galician Government authorities. Recently, the Government of Galicia certified a 90 year mining lease for the Corcoesto Gold Project.
VANCOUVER, BC - Unity Energy Corp. (TSX-V:UTY)(FRANKFURT:UJN) (the "Company") is pleased to announce that it has entered into an acquisition agreement with an arms'-length vendor to earn a 100% interest in the Dickens Lake Property, located in the LaRonge Gold Belt, northern Saskatchewan.
By Adam Hamilton
Commodities prices have been exceptionally volatile in recent weeks, with big daily rallies and plunges intermingled. Seemingly without rhyme or reason, commodities surge one day as traders crave riskier bets but then fall the next as they flee risk. While this commodities risk trade often looks capricious and schizophrenic, it actually has a logical and consistent driver. The state of the stock markets.
On the rare occasion that New Yorkers talk about farming, it's usually something along the lines of what sort of organic kale to plant in the vanity garden at the second house in the Adirondacks. But on a recent afternoon, The Observer had a conversation of a different sort about agricultural pursuits with a hedge fund manager he'd met at one of the many dark-paneled private clubs in midtown a few weeks prior. "
Different Sides of the Same Coin
There is no question that desperate waves of government spending and central bank liquidity have created a dramatic rebound in commodity and stock prices over the past 2 years. But just as government rescues failed to change the long term revision back to mean in housing prices, history tells us that the recent top down efforts to sustain inflation in stock and commodity prices will also fail.
[[wysiwyg_imageupload:2349:]]By Jeff Rubin
Higher prices are supposed to encourage more world supply. It’s standard textbook economics. But what happens when instead of export-oriented global firms, it’s governments that control supply. They may not respond to price signals the same way as profit maximizing companies. n fact, they may respond in the exact opposite way.
MANILA, PHILIPPINES - Crazy Horse Resources Inc. (TSX-V:CZH) (the "Company") is pleased to announce that it has received a formal resolution of support to develop its Taysan Copper Gold project from the Provincial Board of Batangas, Republic of the Philippines and a formal resolution of appreciation from the Taysan Municipal Counsel.
VANCOUVER, BC - Firebird Resources Inc. (the "Company" or "Firebird") (TSX VENTURE:FIX) announced today that it has received an order from the Supreme Court of British Columbia dated May 13, 2011 authorizing it to convene an annual and special meeting (the "Meeting") of its shareholders on June 10, 2011 for the purpose of, among other things, considering and approving a plan of arrangement (the "Arrangement").