Levon Resources Ltd.

Recent drilling returned 152 metres grading 80.6 g/t silver, 0.61 g/t gold, 1.41% zinc and 1.22 % lead, including 72m of 150.16 g/t silver, 1.06 g/t gold, 2.48% zinc, 2.27% lead at the Cordero Project, Mexico

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Auguries — TBTC

about 12 years ago

Auguries — TBTC
June 22, 2012
By Kevin Michael Grace

Gold was down (at press time) $54.10 (-3.3%) for the week to $1,564.50, and silver was down $1.47 (-5.2%) to $26.94. Reuters reported, “Gold fell 2.5% Thursday, nearly wiping out this year’s gains as renewed fears of a global economic slowdown and disappointment over a lack of aggressive US Federal Reserve stimulus dampened bullion’s inflation-hedge appeal.”

Translation: Bernancus Magnus descended from his Olympian redoubt Wednesday and delivered a gloomier assessment than previously. Zero Hedge comments, “In April, the Fed saw 2012 GDP between 2.4%-2.9% and unemployment of 7.8%-8%. The just released updated forecasts table has these two critical for the election campaign data points at 1.9%-2.4%, or a major drop since April, for GDP and unemployment declining to 8%-8.2%. One thing is certain: whatever GDP and unemployment are at the end of 2012, they will not be whatever the perpetually inaccurate Fed forecasts.”

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