KRM 0.00% 3.4¢ kingsrose mining limited

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    Hi Moorookamick and all

    Just a minor amendment to my previous post. 16/10/14:

    “Good luck to all investors in what I see as very turbulent financial conditions. Yesterday’s miraculous afternoon turnaround of the DJIA from below 16,000 was nothing short of breathtaking and a credit to the guys in the plunge protection team. Take a bow boys and good luck in the days to come.”

    17/10/14:

    Now I’m not saying I am prophetic or anything like it but It would appear that a couple of days of heavy work for the boys in the plunge protection team in NY was enough for the FED to start talking about another round of QE. AKA printing money out of fresh air and distributing it to your friends in the banking industry!

    “If the outlook changes "significantly," with inflation showing little sign of returning to the central bank's 2-percent target, he said he would even be open to another round of asset purchases”

    http://www.reuters.com/article/2014/10/14/us-usa-fed-williams-idUSKCN0I31Y720141014

    I just can’t help thinking that once this money finds its way into the general economy where in truth the government wants it, we will see the long awaited inflation. Maybe then the Gold price will adjust for the enormous amounts of money printed into existence since 2008 (or even to be honest since August 1971)

    With respect to all investors IMHO I believe the next couple of years may prove fruitful for those showing the intestinal fortitude to buy and hold shares such as KRM particularly as they appear to be on the cusp of once again ramping up to full production.

    As we all know the last couple of years have not been easy here; however, maybe in the future we will look at the loss of production @ the AUD $1,400.00 level as god fortune when we are selling at the AUD $2,500.00 level!

    Cheers and very best regards: Andy
 
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