In the last article which can be found on my web site, www.seacoast-consulting.com , I wrote about the coiled spring concept; about the lemmings who are following the crowd over the cliff; especially in the precious metals sector. We addressed the idea that a coiled spring can explode at any time because of the pent up energy and one had best be prepared. Golden Phoenix (GPXM.OTCBB) has pent up energy.

I keep in close contact with Rob Martin, president of GPXM. He has kept me informed of the steady and continuous progress the company is making on all fronts. We talked about the concept of the coiled spring and I think we both agreed that Golden Phoenix could be at the epicenter of one of those events—regardless of its current share price.

A Prime Buying Opportunity

Before I get too far into this piece, I have to say that Golden Phoenix is a buy for my portfolio and therefore I am buying. There is no better way to say it. It is a prime buying opportunity in the $.20 to $.40 range. In a year from now we very well might be thinking that $.50 was an excellent entry level. I also have a pretty good idea that the future of this company is going to be much brighter than the past because of the projects, the people, the ability to finance, the willingness to promote and their INTEGRITY. Incidentally, the past has not been shabby in the least little bit! The endurance, perseverance, and talent, it has taken to move GPXM from way below “mining 101—ground zero” to where it is today would have brought most grown men to their knees.

But no, Golden Phoenix has kept a blistering pace over the last two years which has led to a positive cash flow company with about 80 employees (many of them high up on the talent scale in this mining sector), a fully “paid for” molybdenum mine now producing two shipments per month (over $1,000,000), another high potential gold property called Mineral Ridge with 200,000 ounces sitting on their leach pad, and on and on we go.

As we consider all of the things that this company has accomplished in the past two years, should we not consider if this business model will continue to be effective in the future. I think it is obvious that “hard workers working smart” in this sector (in any sector) are a key to success. Again, as I’ve said in previous articles which can be found in my archives at www.seacoast-consulting.com (do a search for Golden Phoenix) and visit their web site www.golden-phoenix.com . Plot their progress yourselves which is all there in black and white along with running commentary and informative press releases.

I don’t need to quote you chapter and verse of their successes, their production, their profits, and their talent. It is all there for the taking. I feel my job is to offer you a few insights into the company and the people that I know personally. I would hope to motivate you to perform your own due diligence. If you proceed with this course of action, I can’t help but believe you’ll be motivated to participate in this company’s future. It really is exciting and more than anything—its real! read more

Lemming Alert Part II—Beware the Coiled Spring

I wanted to quickly finish up Part II of the Lemming Alert piece because there are companies and opportunities I would like to cover before year end. Part I of this series was basically stating that the Financial World; our national financial World, is Upside Down and we had best acknowledge it if we want to get on with our lives and protect our assets. Just about all working Americans have assets and even non-working Americans have them. We all need to wake up. I’m not yelling fire in a crowded theater, but I do want you to be aware of what is really happening in the world about us.

It’s not easy to face reality but face it we must.

Last night, we watched Bill Maher’s The Decider. It’s edgy and dicey but I really encourage you to rent the DVD because to our way of thinking there is a great deal of truth in Maher’s political comedy. Maher relates the truth under the guise of comedy. Beware the coarse language as it is X rated—that would be both in presentation and in content!

I’ve always liked Bill because he does not suffer fools kindly. Richard Russell and Jim Willie do not suffer fools lightly—neither should you—nor I. Bill Buckler, of the Privateer, also does his best to ferret out the truth and pass it on as does Richard Russell. That is the best we can do at this point—it is also one of the greatest things we can do for our country. Am I exaggerating? I think not. We should ferret out the truth and pass it on when at all possible. That doesn’t mean getting into fist fights at the local bar or at the office water cooler when trying to get your points across to someone who doesn’t give a hoot.

It simply means having a reasonable discourse with those who would also open their minds to the truth; the truth as separated from the main stream media. Of course, it’s easier said than done because the truth comes in all shapes and sizes and is interpreted in a multitude of ways. I’m not being facetious; I’m simply stating that very few things in this world are black and white; most are shades of gray.

The Last Short While, Early December ‘07

For all but a handful of resource stocks, this past six months have been painful. The one question I constantly hear is “when is this going to end”? It took at least eight years to get to this point in our national financial disruptions so don’t expect them to end over night. In actuality our government has been building a full head of steam towards disaster for thirty or forty years. I kid you not, I believe that 1913 and the creation of the Federal Reserve was the beginning of the end. Then the closing of the gold window by Nixon was the second stake in the heart of the free market forces. 9/11 was an opportunity to leap off into the abyss under the guise of national security and boy howdy did they leap with the Patriot Act and any number of other anti personal freedom legislation. Has anyone been traveling lately?

There is apprehension in the marketplace that can be directly linked to banking uncertainty and the slow-motion implosion of the housing market. Year-end tax loss selling has further fueled this trend. I repeat, tax selling has been brutal this year, especially in the junior mining sector. I would not have thought it to be so.

But evidently, quite a few people have made significant amounts of money in this sector over the past year.

People are looking for ways to reduce their tax burden in the US and the best way to do that is to sell their “dogs at the end of the year.” This too shall pass. The best thing to do if you’re not selling for tax loss purposes or buying for quality is to sit still and do nothing. This is assuming you have quality companies in your portfolio. Now remember, “dogs” are relative and the “dog” of one year may be the next year’s golden pony.

Incidentally, I hate to use the metaphor of dogs, because we love them dearly, having a portfolio of four. Two beautiful strong willed Australian Sheppards (about to drive us nuts but world class Frisbee creatures and totally lovable and loyal), one totally neurotic Bichon Frisee and a magnificent blond German Shepard who melts your heart—all adopted out of rescue services. You can see my reluctance to use dogs in any manner of deprecation. Alas, dear reader, I digress.

I see a great many golden ponies on the landscape. Both dogs and ponies will make you wealthy if you are patient and buy low and sell high. The opportunities are now here and they are clear. Here and clear in a strange year. read more

The Financial World is currently Upside Down

Don’t be a Lemming Falling off the Flat Side

Preface

Don’t be alarmed because you are correct; the title doesn’t make much sense, does it? But then again, neither does most of the current modus operandi utilized by the financial world. We need to fully comprehend this concept because if we don’t, its like trying to operate in the 21^st century with 18^th century tools. Think of it as the Pony Express carrying your Email!

People would appear to be spooked by interim moves in gold, silver and other commodities. I’m here to tell you that one should not be a lemming nor should one follow the crowd—especially in today’s world.

The crowd is almost universally wrong. That is why sentiment indicators are so accurate. “Gold bulls” know that by now.

The bull market in the precious metals complex and mining companies is as strong and as resilient as it was five years ago. Please remember that all bull markets, regardless of the sector, but especially in gold and silver, always climb a wall of worry. Stand strong and in the long run you’ll be happy you did. Think Argentina around the period of 2002-2005.

A fraction of the Truth is All We Get—but it’s not all we deserve!

It would appear the more we endeavor to understand the huge financial displacements underpinning the geopolitical environment on a global scale, the more we are confused. Why? It is because we, the citizens of the world, regardless of the country in which we reside, are strictly allocated a tiny fraction of the truth by the powers that be. read more