Ending the Week on Good (Less Bad ) News!

Morning Miners!

It is 5:20 AM., I just poured a strong cup and the jobs report will announce in just a few minutes. Be right back.

10-4 good buddies, we have a better than expected report! Although we have 19-months of jobs loss, it is the smallest loss since last August. The Labor Department says nonfarm payrolls declined by 247,000 in July versus an expected 350,000. They also revised their numbers with a net 43,000 fewer jobs lost earlier this year. Unemployment surprisingly dropped from 9.5% in June to 9.4% in July. Payroll cuts slowed in a variety of industries including manufacturing and many services while the automobile sector posted a rare increase, as anticipated seasonal layoffs failed to materialize (Go cash for clunkers).


Reactions from some of the CNBC business news guests are noteworthy. Mesirow Financial's Chief Economist, Diane Swonk exuded, "...wonderfully pleased!" Other eco-luminaries exclaimed in the wee morning hours, "the economy has clearly turned", "...back from Armageddon", "...a turning of the animal spirits."

OK, enough already. What does this really mean? Folks (except economists) are still losing their jobs. The true recovery test will be the gap between when companies stop laying off and start hiring. The Colonel is not one to ignore a ray of light in the mineshaft, so I'll agree that this morning's news is at least pointing in a good direction. The dollar strengthened, T-Bill yields jumped, silver popped to nearly $15 in London and the markets have opened on an upbeat note. Below is a 15-day chart of our four favorite metals, we've a come a long way in a short time. That's worth at least one Big Friday Yee-ha!


Enough talk, let's walk the walk:

Oil is down $0.50 to $71.44 in early trading (September contract); Gold is up $0.8 to $963.7 (December contract, most active); Silver is up $0.190 to $14.835 (September contract); Copper is up 0.0365 to $2.7885 (September contract); Molybdenum is chilling at $18.25.

The DOW is up 62.27 points to 9318.53; the S&P 500, up 7.98 points to 1005.06. The miners are mixed today:

Barrick (ABX) $35.31 down 1.23%
Newmont (NEM) $41.95 down 0.87%
General Moly (Eureka Moly, LLC) (GMO) $2.79 up 1.60%
Freeport McMoran (FCX) $63.70 down 0.45% (a bellwether mining stock spanning gold, copper & molybdenum)

Steel stocks are up today, (a "tell" for General Moly):

Nucor (NUE) $49.03 up 0.41% - domestic steel manufacturing
ArcelorMittal (MT) $37.68 up 1.40% - global steel producer
POSCO (PKX) $103.00 up 1.43%- South Korean integrated steel producer

The Eureka Miner's Grubstake Portfolio is up 0.28% to $1,133,863.13

Cheers,

Colonel Possum

Jobs, Gold, Moly and Mnogovershinnoye

Morning Miners!

It is 5:44 AM and Becky Quick of CNBC just left the break room. She grabbed a cup and left off the initial job claims report. Gold bounced in London and the ole Colonel just found Ruby Hill's sister in Mnogovershinnoye, Russia. If I can digest all this news and put it in a few words before your first cup, The Report has accomplished its mission. Let's start with jobs. Once a month the private-sector and government release employment reports. The playbill is the ADP report yesterday, new claims for state jobless benefits today and the unemployment report tomorrow. Like a rock concert; the first two are warm up bands, the unemployment report is the BIG headliner. All three are important in understanding where we are in the recession.

The private-sector ADP report based on payrolls showed private employers cut 371,000 jobs during the month of July. This is not great but better than the 473,000 jobs lost in the previous month. It's also the best number by ADP since the Lehman bankruptcy disrupted the economy in the second half of 2008.

CNBC reported that the number of workers filing new claims for state jobless benefits fell 38,000 to 550,000 last week, providing another glimmer of hope that the economy may be on the road to recovery. If tomorrow's numbers are "less worse" too, some talking heads are declaring the recession may already be behind us. How is this possible? The government Einsteins that figured out that the recession began in December 2007 will be the ones to have the final say. Their estimate is months away even if turns out that June 2009 marked the end. I'm sure glad none of these people work for the fire department. The truth is that lots of folks are still getting the axe and most of us won't feel a lot better until there are signs of job growth.

In the meantime gold and silver continue to rally and that is great news! I checked my numbers last night to find that oil, copper and gold have the highest positive correlation for the entire year. Correlation gives us a sense for how the price of different things move in relation to each other. For example the dollar often has a negative correlation relative to gold. If one goes up the other goes down. A tight positive correlation implies that prices are all moving together up, up and away. Dr. Doom predicts a reversal in this trend this year and then a second move up in 2010 (Moly Hits Magic Number, Dr. Doom Speaks to Miners). Stay tuned...oops, spot gold just slipped a bit.


Molybdenum seems to be riding the same train with oil, copper and gold. It sits at a new summer high of $18.25. Good Golly Miss Moly!



To close, I'd like to propose a "sister" mine in Russia for our own Ruby Hill. Although Highland Gold is a Russian operation, Barrick Gold is a not an insignificant shareholder (as the Canadians might say in a double-negative way). Highland's Mnogovershinnoye mine located in the aevsk area of the Khabarovsk Territory in the far-east of the Russian Federation has produced about 900,000 ounces of gold so far. This puts it behind Ruby's recent million mark but in the same league. The ole Colonel just loves the name; if you can say "Mnogovershinnoye", I'll buy you a beer. Here's another Russian word that's a bit easier to say. If you asked me today how things were going, I'd say:

Отлично! - (pronounced "Otlichno" for EXCELLENT!)

Oh, who's the woman in the funny hat? Mine security, of course!

Enough sisterhood, let's walk the walk:

Oil is down $1.73 to $70.24 in early trading (September contract); Gold is up $1.3 to $967.6 (December contract, most active); Silver is up $0.085 to $14.845 (September contract); Copper is up 0.0715 to $2.7405 (September contract); Molybdenum rests on a perch at $18.25.

The DOW is down 35.52 points to 9245.45; the S&P 500, down 5.94 points to 996.78. The miners are down today:

Barrick (ABX) $35.83 down 0.56%
Newmont (NEM) $41.34 down 1.36%
General Moly (Eureka Moly, LLC) (GMO) $2.78 down 1.77%
Freeport McMoran (FCX) $63.82 up 0.99% (a bellwether mining stock spanning gold, copper & molybdenum)

Steel stocks are mixed today, (a "tell" for General Moly):

Nucor (NUE) $48.24 up 0.56% - domestic steel manufacturing
ArcelorMittal (MT) $37.34 down 2.37% - global steel producer
POSCO (PKX) $102.59 up 1.69%- South Korean integrated steel producer

The Eureka Miner's Grubstake Portfolio is down 0.54% to $1,130,681.68

Cheers,

Colonel Possum

General Moly Reports, Barrick on the Hunt

Morning Miners!

It is 5:52 AM. Someone in the break room made the coffee so strong this morning that it woke Loquita! There are a passel of odds and ends to chew through this hump day. For starters, General Moly (GMO) issued their financial results for the second quarter:

General Moly Announces Second Quarter Results

Things appear to be humming along; GMO anticipates completion by the BLM of an administrative Draft EIS in late 2009 and expects to receive its Record of Decision (ROD) in mid-2010. Additionally, all mine water permits for the Company's water applications that were approved in late March were issued on July 21 and other Nevada State permits continue to be expected to be received prior to the effective date of the ROD.

Key to their success are continued efforts to secure financing and attract more investment. Interestingly, yesterday's pop in molybdenum prices was in time for their release - Yee-ha!


Yesterday we listened to Dr. Doom in Kalgoolrie, today I discovered something else surfaced at the Diggers and Dealers mining conference in Western Australia. Barrick is apparently on the hunt to acquire a mining operation which could include copper as well as gold. This sounds like some solid strategic thinking given Australia's proximity to China and the explosive rise in copper prices this year. Nothing like a little diversification; here are some thoughts from Gary Halverson, regional president for Barrick Australia Pacific:

"We are a gold company," he said, adding that Barrick was only interested in mines with that precious metal. "If copper is with that gold than we are certainly interested in that."

As reported in InfoMine, Halverson declined to comment on specifics but the buzz is that they looking at Prominent Hill, a copper-gold mine near the Woomera weapons-testing range in the deserts of outback Australia. Sounds like a great field assignment buckaroos, don't forget your HandyMan!


The hugely successful "Cash for Clunkers" is driving the latest rise in platinum and palladium. Both are widely used in catalytic converters that purify exhaust gases. Nearly 60% of the metal mined every year goes into the auto industry, according to CPM Group, a New York-based precious-metal research firm (WSJ, 8/5/2009). The other side to this story is that older cars that are traded in also contain the metals, which are likely to be recycled by scrap-metal producers. Eventually, that scrap supply will find its way back into the market. So it goes pardner, maybe this is another example of why Dr. Doom may be right about an impending slump in commodity prices.


Finally, the Chinese are getting to be more and more like us everyday. Since we're not expected to buy as much of their exports anymore, the Chinese are encouraging domestic consumption with easy credit. Sound familiar? China's central bank said Wednesday:

"We will continue to unswervingly implement the appropriately loose monetary policy, and carry out fine-tuning with market tools according to changes in the domestic and international economic trends and prices.."

Maybe Alan Greenspan is their new economic adviser.

That's all folks, let's walk the walk:

Oil is down $0.82 to $70.60 in early trading (September contract); Gold is down $5.8 to $963.9 (December contract, most active); Silver is down $0.050 to $14.680 (September contract); Copper is up 0.0160 to $2.8115 (September contract); Molybdenum is resting comfortably at $16.50.

The DOW is down 93.03 points to 9227.16; the S&P 500, down 9.07 points to 996.58. The miners are mixed today:

Barrick (ABX) $35.34 down 2.27%
Newmont (NEM) $41.41 down 1,52%
General Moly (Eureka Moly, LLC) (GMO) $2.83 down 1.39%
Freeport McMoran (FCX) $63.12 up 0.03% (a bellwether mining stock spanning gold, copper & molybdenum)

Steel stocks are down today, (a "tell" for General Moly):

Nucor (NUE) $46.73 down 0.57% - domestic steel manufacturing
ArcelorMittal (MT) $37.29 down 1.87% - global steel producer
POSCO (PKX) $99.64 down 2.61%- South Korean integrated steel producer

The Eureka Miner's Grubstake Portfolio is down 1.25% to $1,122,945.01

Cheers,

Colonel Possum

Moly Hits Magic Number, Dr. Doom Speaks to Miners

Morning Miners!

It is 5:52 AM and coffee like the family dog is always there to make you happy. Before we let Dr.Doom put a damper on our first cup, let's talk about a magic number. Suppose you walk up a mountain and stop at a point where you've doubled the altitude of the valley below but realize you are still only halfway to the top. This might remind you of the glass half-full, glass half-empty analogy (for number geeks there is a subtle difference, see note below). Whether you are happy that you've come so far or sad that you've got twice as far to go has a lot to do with your general outlook on life. The Colonel is an optimist and he was delighted to see molybdenum price hit the magic number of $16.50. Here is how to calculate a magic number often used in markets:

Magic number = square root (last year's high $34 X this year's low $8) = $16.50

I hope I'm not giving you a headache with all this blasted number crunching; just believe me that $16.50 is a very cool place for moly to be at this point in our economic recovery. Yee-ha buckaroos!



OK, what is Dr. Doom up to these days? We first talked about Nouriel Roubini last month in the blog, Dr. Doom Speaks, End of Recession in Sight. You may remember that he earned his moniker by predicting our present economic plight several years ago with nearly 100% accuracy. I tend to listen to folks with that kind of track record. Roubini recently addressed miners down under at the Diggers and Dealers mining conference in Western Australia:

"The recession will continue to the end of the year," and he added, "As the global economy moves toward growth as opposed to a recession, you are going to see further increases in commodity prices, especially next year."

Hmm, that's doesn't sound too gloomy-doomy. Oh-oh, there's more:

"In the short term there has been a massive stockpiling of commodities by China," Dr. Doom continued, "My concern is that China might have accumulated an inventory of commodities that is probably excessive to the growth of their own economy."

Reuters, who covered the conference, reviewed China's buying spree after the collapse in demand for oil, metals and other industrial staples:

"China's refined copper imports, at 1.8 million tonnes in the first half, were up 160 percent on the same period a year earlier, while primary aluminum imports rose a stunning 16-fold. Chinese buying has helped drive up both Shanghai and London Metal Exchange prices this year, by around 80 percent on both LME and Shanghai copper and 75 percent on LME lead, 40 percent on zinc and nearly 20 percent on aluminum." (Reuters, 8/3/2009)

Roubini concludes:

"The risk in the second half of this year is that the rate of accumulation in China must slow down -- one of the factors that a downside correction in commodity prices, however modest, may occur."

I wonder if Dr. Doom would find any happiness in molybdenum's magic number? The Colonel does. Even if he's right, let's not take this guy hiking.

Enough eco-magicians, let's walk the walk:

Oil is down $0.46 to $71.12 in early trading (September contract); Gold is up $5.9 to $964.7 (December contract, most active); Silver is up $0.318 to $14.570(September contract); Copper is down $0.0100 to $2.7375 (September contract); Molybdenum is rocking at $16.50.

The DOW is up 6.05 points to 9292.61; the S&P 500, up 0.84 points to 1003.47. The miners are mixed today:

Barrick (ABX) $36.31 up 0.55%
Newmont (NEM) $42.23 up 0.93%
General Moly (Eureka Moly, LLC) (GMO) $2.89 up 0.70%
Freeport McMoran (FCX) $64.26 down 1.31% (a bellwether mining stock spanning gold, copper & molybdenum)

Steel stocks are mixed today, POSCO breaks $100 (a "tell" for General Moly):

Nucor (NUE) $46.77 down 1.04% - domestic steel manufacturing
ArcelorMittal (MT) $37.91 down 2.15% - global steel producer
POSCO (PKX) $103.43 down 0.65%- South Korean integrated steel producer

The Eureka Miner's Grubstake Portfolio is up 0.19% to $1,137,257.16

Cheers,

Colonel Possum

Roubini Photo: Reuters

Note for number geeks:

The so-called magic number is more accurately called the "geometric mean" which is related to but different from the "arithmetic mean" or simple average. The former is the square root of the product of two numbers; the latter, the sum of two numbers divided by 2. In molybdenum's case the geometric mean of the 52-week high and low is $16.50 and the arithmetic mean is $21.00. The ole Colonel finds the geometric mean to be the more important metric to gauge benchmarks in volatile commodity price swings. When you are at the geometric mean you're n times up from the low and 1/n th from the top. For moly, n=2.06155 and our hiking example of "double the bottom and half the top" is roughly correct.

Ruby Hill Pours One Million, E&P Railroad News

Morning Miners!

It is 5:43 AM, let me heat up your cup. Some Mondays are rough starters, but everything is running smoothly in my shop. Eric Pastorino passed on two bits of great news: the Barrick Ruby Hill Mine has poured its one millionth ounce of gold and the Eureka & Palisades #4 locomotive is back in the news. The Barrick employees celebrated their benchmark yesterday which is terrific since the 2008 reserve estimate was only 831,000 ounces. If the new pit gets any bigger buckaroos, I'll have a place to chuck my pistachio shells from my favorite sittin' chair.

The Durango & Silverton Narrow Gauge Railroad will feature the Eureka & Palisades #4 locomotive at their 11th-Annual Railfest event August 13 - 16, 2009. The E&P Railroad connected Eureka to Palisades until it was discontinued in 1938 (see below). Eric and other dedicated Eurekans laid track at the County fairgrounds for the E&P's return several years ago. The E&P is till going strong and you can check on the upcoming event by clicking on this link:

The Durango & Silverton Narrow Gauge Railroad and Museum

The headline photo today shows the E&P chugging along the Animas River to Durango, Colorado. I found a fun video of the E&P on YouTube if you want to enjoy the sights and sounds of old time rail travel:

Eureka & Palisades Runby

Dan & Ditty Markoff from Las Vegas lovingly restored the historic locomotive. Here is an overview of their efforts:

Eureka & Palisades Locomotive #4

Finally, the following taken from the R. L. Polk & Co.'s Nevada State Gazetteer and Business Directory (First Edition, 1907-1908), is an interesting account of Eureka's little locomotive that could:

"The town of Eureka is situated 84 miles from Palisade in a canyon at the south end of Diamond Valley. It is connected with the Southern Pacific RR by the Eureka & Palisade Railroad, and is the trading center for the outlying districts and ranches within a radius of from 25 to 75 miles.

The Eureka & Palisade Railroad is depended upon to carry the entire product of the mines to Palisade, where the ore is transferred to the Southern Pacific and taken to Salt Lake. The equipment of the E & P Railroad is being increased rapidly, two new locomotives and several cars having been added this spring. Ore and coal bunkers and other necessary accommodations have been constructed. The Western Pacific Railroad will also cross the county from east to west. With this increase in shipping facilities, and the material decrease in freight rates due to recent legislation, transportation of ore no longer presents a serious problem." (USGenWeb Project)

By the by, I just looked at the markets; the S&P broke 1,000 at 7:32 AM (PDT), that's a "beer, Colonel" in the Colonel's Beer Derby (see below, right). On top of all that, precious metals are on a tear. Yee-ha!



Can life get much better than this? Let's walk the walk:

Oil is up $2.24 to $71.69 in early trading (September contract); Gold is up $4.7 to $960.5 (December contract, most active); Silver is up $0.415 to $14.355(September contract); Copper is up $0.1085 to $2.7320 (September contract); Molybdenum holds at $15.

The DOW is up 113.82 points to 9285.43; the S&P 500, up 13.46 points to 1000.94. The miners are cart-wheeling today:

Barrick (ABX) $36.53 up 4.67%
Newmont (NEM) $42.72 up 3.31%
General Moly (Eureka Moly, LLC) (GMO) $2.92 up 3.18%
Freeport McMoran (FCX) $64.83 up 7.51% (a bellwether mining stock spanning gold, copper & molybdenum)

Steel stocks are kicking butt today, (a "tell" for General Moly):

Nucor (NUE) $46.46 up 4.47% - domestic steel manufacturing
ArcelorMittal (MT) $38.28 up 6.22% - global steel producer
POSCO (PKX) $103.65 up 2.55%- South Korean integrated steel producer

The Eureka Miner's Grubstake Portfolio is up 3.86% to $1,138,052.57. We've made $42,267.59 so far today!!!

Cheers,

Colonel Possum

The Duke Returns, Recession Heads for the Backdoor

Morning Miners!

It is 5:44 AM, the coffee is hot and I just turned off the television. Now what the heck is the ole Colonel doing watching the boob tube before the chickens are up? Washington just released their GDP number for this Spring as reported by CNBC's morning business show, "Squawk Box". I'm sure you've got better things to do, so the Colonel watches this for you. He also thinks co-host Becky Quick is kind of cute, so does Warren Buffet.

GDP or Gross Domestic Product acts as a scoreboard for the economy by measuring all goods and services produced and here is when bad news is good (or at least better). The new number showed a contraction in the economy of 1.0% giving us the fourth consecutive quarter of negative GDP, a record since the government propeller heads started tracking it after World War II. How is this good? The experts were expecting a negative 1.5% so 1.0% is better and a whole lot better than the declines of 6.4% for the first quarter and 5.4% in the fourth quarter, at the pit of the recession. Buckaroos, things are looking up; The Big R is heading for the backdoor.


And who just came through the swinging door? It's the Duke! Yes folks, the Duke returns the last day of each month to check up on all these eco-scalawags. The Report started this check in the blog, Where's The Duke When We Need Him?. We report key consumer interest rates so you can track where we're going as time marches on. Here are today's national averages compared to last month's numbers (WSJ Market Data, 7/31/09):

10-yr Treasury Note 3.56% vs 3.47%, up
Money Market 1.21% vs 1.29%, down (52-wk low, 1.20%)
5-year Bank CD 2.65% vs 2.65%, unchanged (52-wk low, 2.59%)
30-yr mortgage, fixed 5.55% vs 5.68%, down (52-wk low, 5.06%)
15-yr mortgage, fixed 4.86% vs 5.04%, down (52-wk low, 4.69%)
New-car loan, 48-month 7.28% vs 7.30%, down (52-wk low, 6.45%)
Home-equity LOC, $30K 5.78% vs 5.81%, up (52-wk low, 5.03%)

There is a some good news in these numbers too. CD rates may have bottomed and will hopefully start inching up. Mortgage rates are back down after a scare last month that they could be heading north. If you're fixing to buy that new F-250, new-car loans are ever so slightly better but the "Cash-for-Clunkers" just ran out of money (up to $4500 for Old Faithful). After blowing a billion, Congress may squirt in a few more billion in to nab the old timers. They ain't getting mine, I love my '72 F-250 and '67 half-ton Chevy. They still run and I can still fix'em! My dear dad bought me the Chevy 42 years ago.


The Duke is in the house, let's walk the walk:

Oil is down $0.02 to $66.92 in early trading (September contract); Gold is up $3.8 to $941.1 (December contract, most active); Silver is down $0.055 to $13.430(September contract); Copper is down $0.0355 to $2.5995 (September contract); Molybdenum is lazy-dazy at $15.

The DOW is up 31.06 points to 9185.52; the S&P 500, up 1.63 points to 988.83. The miners are happy today:

Barrick (ABX) $34.11 up 0.77%
Newmont (NEM) $40.47 up 1.66%
General Moly (Eureka Moly, LLC) (GMO) $2.77 up 1.47%
Freeport McMoran (FCX) $58.51 up 0.17% (a bellwether mining stock spanning gold, copper & molybdenum)

Steel stocks are mixed today, POSCO breaks $100 (a "tell" for General Moly):

Nucor (NUE) $44.00 up 0.16% - domestic steel manufacturing
ArcelorMittal (MT) $35.81 down 0.14% - global steel producer
POSCO (PKX) $100.60 up 3.26%- South Korean integrated steel producer

The Eureka Miner's Grubstake Portfolio is up 0.82% to $1,078,378.72

Cheers,

Colonel Possum

Strong Barrick Report, General Moly Jumps 10%

Morning Miners!

It was 6:06 AM, I grabbed a cup of coffee and read Barrick's Second Quarter News Release. Now I'm back after the market open and what a difference a day makes! After crashing Chinese markets and plummeting oil prices yesterday, it is nice to be in a town that has good resiliency in a recession. Barrick issued a strong report and General Moly jumped 10% by 6:44 AM. The Chinese markets have recovered too, quelling fears that the global recovery had downshifted to the slow lane.

In the words of Aaron Regent, Barrick’s President and CEO:

"Our portfolio of operations performed strongly in Q2, exceeding plan, and positioning us well to meet our production and cost targets for the year. The go-ahead decision on Pascua-Lama during the quarter marks an important milestone for Barrick and our strategy of developing long life, low cost mines. Pascua-Lama is expected to be one of the industry's lowest cost gold operations and joins the
world-class Cortez Hills and Pueblo Viejo projects in construction. Execution on this new generation of projects, combined with a favorable gold price outlook and our focus on cost management provides the foundation from which Barrick willcontinue to deliver shareholder value."

Now it doesn't get much better than that buckaroos. Let's look at the numbers. Barrick reported a net income of $492 million ($0.56 per share) compared to $485 million in Q2 2008. How many companies can say they are doing better than last year? For instance Exxon Mobil Corp, who also reported this morning, watched their second-quarter profit tumble a bigger-than-expected 66% amid weak demand, falling margins and slumping prices. Aren't you glad you live in a gold town and not an oil town?

While global gold production is in decline, Barrick can brag, "Production is expected to increase to approximately 7.7-8.1 million ounces in 2010 at lower total cash costs with the start-up of Cortez Hills." Go Nevada!

And just to make a lot of faltering U.S. corporations feel really bad, "Barrick continues to maintain a strong financial position with quarter-end cash of $2.0 billion, an undrawn credit facility of $1.5 billion and robust cash flow." I bet General Motors would like to say that someday!

Enough gloating, let's walk the walk:

Oil is back up $1.71 to $65.06 in early trading (September contract); Gold is up $4.4 to $931.6 (August contract); Silver is cranking up 0.142 to $13.400(September contract); Copper is up $0..0480 to $2.5255 (September contract); Molybdenum is snoozing comfortably at $15.

The DOW is up 160.60 points to 9231.32; the S&P 500, up 20.20 points to 995.35. The miners are giddy today:

Barrick (ABX) $33.87 up 3.07%%
Newmont (NEM) $40.20 up 2.11%
General Moly (Eureka Moly, LLC) (GMO) $2.68 8.5%
Freeport McMoran (FCX) $57.60 up 3.77% (a bellwether mining stock spanning gold, copper & molybdenum)

Steel stocks are tip-toeing through the tulips (a "tell" for General Moly):

Nucor (NUE) $44.33 up 2.59% - domestic steel manufacturing
ArcelorMittal (MT) $35.64 up 4.00% - global steel producer
POSCO (PKX) $98.00 up 5.46%- South Korean integrated steel producer

The Eureka Miner's Grubstake Portfolio is up a whopping 3.22% to $1,065,851.89

Cheers,

Colonel Possum