D. Stewart Armstrong

(OLEPF.OTCBB and OLE.CA)

www.oromin.com

In our era, there are two basic yardsticks of International value: Oil and Gold.

Oromin Explorations is Pursuing both of them.

Here’s the premise: The US economy is not improving as touted and we are fast depleting our national resource of smaller denominations of physical gold and silver.

j@silverstockreport-com.ccsend.com

www.caminocoin.com

When those one ounce gold and silver coins and bars are finally depleted just as the pubic realizes that the “jig is up” with regards to “paper promises”, there will be a rush towards quality junior mining companies—again! It is my opinion that Oromin Explorations (OLEPF.OTCBB and OLE.CA) will be among those companies on investors “wish lists”. The reasons are succinctly listed below.

There are six major reasons:

1. OLEPF has spent $US 55M as of 12.31.08; over $US 60M as of 3.30.09

2. They have over 2.4 million ounces of gold in the ground

3. They are working on a pre-feasibility study which will be completed soon

4. They have seasoned management that has been through downturns before

5. Said management has proven up other gold deposits such as Eskay Creek

6. Six major deposits delineated with the possibility of more coming

I want you to understand that Oromin operates in its own particular sphere of influence. That means that it is a somewhat self contained macrocosm due to the nature of the project which is situated in Senegal, Africa. Senegal is a stable environment in which to do business—a very important point.

Therefore, Oromin marches to his own drummer. read more

 by Burton S. Blumert

In memorandum of the late, Great Burt Blumert!

I just found out this morning that Burt passed last Monday. If ever a person deserved to be in a “better place”, it was Burt. I met him over 25 years ago and we kept in touch over the years. He would always ask about my wife as he loved the ladies and would have a twinkle in his eyes when talking about them. Actually, Burt always had a twinkle in his eye. And he helped so many people–big spenders or Mom and Pop–we all got the same attention. America has lost a great patriot–as great as any of those in our history. Don’t let time or place fool you. He changed many lives and awakened the true patriotic spirit in most of the people he met. He did so with what can only be described as good humor, modesty, and passion. Aye, Burt, we hardly knew ya!

This speech was delivered at the Steve Sjuggerud Conference in Long Beach, California on Wednesday, January 28, 2004.
(Although I’ve heard snippets of it through the years)

At breakfast a nice young man set aside his French toast to ask me, “Burt, how do I know if a coin dealer is reliable?”

I answered without hesitation. ” To start with, make certain he has been in the business at least 43 years 7 months and 11 days – Make that 12 days.”

You guessed it, that happens to be my tenure in the trade, and I admit my sassy response sounded self-serving. You don’t need a novice practicing on you whether he is selling a Krugerrand, a Proof Seated Dollar or, anything for that matter.

Some years ago, I was seriously troubled by a potential tax problem. I foolishly mentioned the matter to my family attorney. As he listened to the details, his face drained of color, and I feared he would pass out. Irving was clearly the wrong lawyer for this problem,

If I need brain surgery, I want a doc who has handled so many cases that my particular tumor is almost boring.

Which gets to my subject matter for the day: “What risks does the first time gold buyer face?” And, the follow-up, larger question: “Is there a downside to owning gold?”

Answer: Yes, there are reasons NOT to buy and own gold. (These reasons apply to silver and platinum as well)

Here are just a few:

*

There is a risk in holding gold! All the crooks, those in government and those in the private sector all want to get their paws on your gold.

Some of my crusty old-timers are comfortable ONLY when they sit, shotgun in hand, on top of their coins.
*

There is a cost to holding gold. Not only do you pay for Safety Deposit boxes, the gold owner is also “punished by losing interest” he might have received from other investments.
*

Your government will start to regard you as peculiar. Buy a Treasury Bill, or a share of IBM, and you’re a fine citizen, a patriot. But, buy an ounce of gold, and “there’s something wrong with you.”

You may be one of those “paranoid crazies” who owns guns and writes letters to his local newspaper.

Speaking of paranoia, I have been invited to join Paranoid’s Anonymous, but they won’t tell me where the meetings are.
* A high percentage of gold owners will never use banks to store valuables. They would rather hide things around the house.

Which leads to a new and scary risk. As we age, we are inclined to forget things – What was I talking about?

Oh yes, forgetting where you put things.

I have a pal, Kurt, who was barely in his 50s at the time. He owned 7 or 8 investment-grade diamonds, D color, flawless, VVS 1 or, however they grade those things. Kurt had paid over 12 thousand dollars for each. read more

by Jim Willie CB April 1, 2009

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Jim Willie CB, editor of the “HAT TRICK LETTER”

Perhaps it was a grand error of judgment to host the G20 Meeting in London. The epicenter of the financial hegemony, corruption, hidden agency influence, and financial market destruction has clearly been the United States and the United Kingdom working in tandem. So great risk comes with the hosting of this meeting in London. The British Empire, aka Great Britain, is the site of the most devastating economic and banking ruin in a century, on a scale much larger than Iceland, but with a certain hand in the Iceland downfall. Millions of British citizens are angry, worried, and justifiably so. Their economists, bankers, and government leaders have presided over at best a severe national decline that must withstand diverse reform and reconstruction, and over at worst a national failure of state that must endure a collapse before any conceivable reconstruction. The decline if not collapse in the UK seemed for a time to lag that of the US, but lately events have accelerated inside the harrowed United Kingdom. The United States has the advantage of just printing trillion$ and floating about for a bit much like a derelict vessel with feigned movement!

Certainly it was a grand error of judgment at the February Davos Global Economic Forum for President Obama not to attend. He used extremely bad judgment in sending TinyTim Geithner as his minion envoy, the Treasury Secretary who bears Goldman Sachs stripes, and likely GSax branded skivvies. Obama took harsh criticism for skipping an opportunity to meet with certain heads of state in attendance, key banking and industrial leaders. He could have met Russian leaders Putin and Medvedev, who truly stole the entire Davos show. My guess is that Obama was deeply intimidated at the Davos prospect, was busy assembling a staff, but had no choice now. The chorus of criticism, if not revolt against the US$, has grown deafening. The US$-based global financial structure is broken, without any doubt irrevocably. The last to notice are the USGovt and US banking stewards, who are busily looting still. read more