would really like to see a bounce for amx, page-7

Colinchi

possible a good move read below...good times are coming. US gold declined sharp for first 3 months 2013...S African gold production going down....Australis, etc.....Good projects will come back ot a premium...still like to see the BFS

U.S. Gold Production Sees Substantial Decline

BY STEVE ST. ANGELO

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With the most recent data out by the USGS, U.S. gold production declined substantially year over year from its number one producing state, Nevada. According to the statistics, Nevada's gold production declined a whopping 9% in the first three months of 2013 compared to the same period last year.
Furthermore, total gold production from the United States has declined 5.4% compared to the same three months in 2012.

Geologist Keith Barron PhD, Founder and Exploration Geologist at U308 Corp. Speaking from Quito, Ecuador, Keith discusses how we are back to where we were in 2001, as the price of gold and silver are below the cost of production. Keith sees a big supply crunch coming as major producers defer or even cancel large mining projects. He laments that in recent years miners were pushed by the banks to do deals at the expense of shareholders. He believes the merger/acquisition phase is now over. Quality ounces are now much more important than quantity ounces. He doesn’t see large producers replacing their ounces and believes some companies may break up. Junior miners are in survival mode. Keith also see the greatest transfer of wealth in history as western gold wealth is rapidly transferred to Asia. Given the carnage, Keith sees the most opportunity in the sector since 2001,