Colt Resources Inc. (TSX-V: GTP)

Zacks SCR Research releases an update on Colt Resources Inc. (TSX-V: GTP) (OTC: COLTF):

The report by CFA Steven Ralston includes the expected Preliminary Economic Analysis for the Boa Fé gold project in the second quarter.  It also updates investors on Tabuaco, Santo António, and Borba along with other updates about Colt Resources. In the final paragraph – quoted below – they reaffirm their “outperform rating” and update their target:

We reaffirm our Outperform rating. Our price target is $2.10, which is based on an estimated share value of attributable resources indicated by Colt’s NI 43-101-compliant mineral resource estimates and utilizes the current prices of gold and tungsten. We consider our valuation model to be conservative in that it also includes prospective developmental costs at Boa Fé and Tabuaço.

Colt Resources Inc. (TSX-V: GTP)

Colt Resources Disclosure: Pentony Enterprises LLC entered into an investor relations consulting and market awareness contract with Colt Resources – (TSX-V: GTP) (OTCQX: COLTF) (FRA: P01). We hold not shares and will not be receiving any shares. To avoid all potential conflicts of interest, we never sell shares into the open market during an active market awareness or investor relations program. This means that as we release new information about a particular client company either on our site or otherwise authored by us, you can be confident we are not selling shares at the same time. Pentony Enterprises is not a registered investment adviser or a broker/dealer. Pentony Enterprises LLC makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable. We expect to be compensated up to twenty thousand dollars for coverage. . In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk. Pentony Enterprises LLC – 1601 Berwick Drive – McKinney, Texas 75070 – (469) 252-3031.

Amarium Technologies Inc. (OTC MARKETS: AMMG) released today that it has signed a Letter of Intent (LOI) with Minerales Consolidados S.A. De C.V. (MCSA), to acquire 100% of the Jovita Mine (Jovita).  Jovita is a producing copper concentrate mine operating in Michoacan, Mexico.

Under the terms of the Agreement, Amarium will acquire 100% ownership of the Jovita Mine for aggregate expenditures of USD $6.1 Million over the next 3 years. Expenditures include a payment of USD $2.5 Million and 1 million shares of Amarium to MCSA, within 30 days of signing the acquisition agreement.  Additional payments of 1 million shares will also be issued to MCSA, 12 months and 24 months after the acquisition agreement signing.  Amarium will also be required to spend USD $3 million in exploration activities on the property over the proceeding 36 months.  Also under the terms of the agreement, MCSA will transition the management and operation of the Jovita Mine to Amarium within 60 days after the signing of the acquisition agreement.

“We are excited to have signed the LOI to purchase the Jovita Mine, this is a major step forward in the expansion and development of Amarium Minerals. Our team has been very focused on closing this transaction for several months now,” said Adam Carter, the President & CEO of Amarium, “and Jovita is truly a rare opportunity that will expose our shareholders to a growing copper concentrate producer in a well established mining region of Mexico. Our goal with this acquisition is to increase concentrate production at Jovita via strategic capital investments in the current operation, as well as increase the existing mineral assets by defining a resource estimate through exploration.”

The Jovita Mine encompasses a 250 hectare mineral concession and production facility located in the Mexican state of Michoacan.  The current mill operation allows for ore to be processed onsite into copper concentrate for shipment to foreign buyers.  Michoacan is a historic mining region in Western Mexico with a large deep sea port located along the Pacific coastline that is well situated for transport and the supply of Western US, Asian and other Pacific Rim markets.

For additional information, please visit: www.amariumminerals.com

This press release contains statements that are forward-looking and which involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements in question are based on Amarium Technologies, Inc.’s current expectations and projections about future events, based on information currently available. The forward-looking statements found in this press release may also include statements relating to Amarium Technologies, Inc.’s anticipated financial performance, business prospects, new developments, strategies, and similar matters. Amarium Technologies, Inc. provides no assurance regarding the actual outcome of the events contemplated by any forward-looking statements included in this release. Amarium Technologies, Inc. disclaims any obligation to update any of its forward-looking statements, except as may be required by law.

AMMG Disclosure: Pentony Enterprises LLC entered into an investor relations consulting and market awareness contract with Amarium Technologies Inc. (OTC: AMMG). We hold not shares and do not expect to be receiving any shares for this coverage. To avoid all potential conflicts of interest, we never sell shares into the open market during an active market awareness or investor relations program. This means that as we release new information about a particular client company either on our site or otherwise authored by us, you can be confident we are not selling shares at the same time. Pentony Enterprises is not a registered investment adviser or a broker/dealer. Pentony Enterprises LLC makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable.  We were compensated nine thousand five hundred dollars for our investor relations work and our coverage on our network. We expect to receive additional payments later in the year although the specifics have not been discussed or negotiated. In general, given the emerging nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk. Pentony Enterprises LLC – 1601 Berwick Drive – McKinney, Texas 75070 – (469) 252-3030.

MacroSolve Announces $923,000 Increase in Net Income for First Quarter 2013 Over First Quarter 2012
Second Consecutive Quarter of Net Income Driven by Mobile App Technologies & Licensing

MacroSolve, Inc. (OTCQB: MCVE) (“MacroSolve” or the “Company”), a leading provider of mobile technologies intellectual property, today announced financial results for its first quarter ended March 31, 2013.

Highlights for the first quarter of 2013 include:

• Net income increased $923,000 to $218,000 in 1Q13 from $(705,000) net loss in 1Q12;
• Net income from continuing operations increased $225,000 to $218,000 in 1Q13 from $(7,000) in 1Q12; and
• Operating expenses decreased 49% to $155,000 in 1Q13 from $303,000 in 1Q12.

Net income for 1Q13 was $218,000 or $0.001 per share, as compared to the 1Q12 net loss of $(705,000), or $(0.004) per share, an increase of $923,000. The increase was primarily due to the sale of Illume Mobile and the elimination of its operating losses. The Company improved its use of cash in operations, with cash used in operating activities declining by $443,000 in 1Q13 as compared to 1Q12, resulting in a $378,000 increase in cash at March 31, 2013, which was $702,000 as compared to $325,000 on March 31, 2012.

Operating expenses decreased 49% in 1Q13 to $155,000 from $303,000 in 1Q12, as adjusted for the Illume Mobile divestiture. After the sale, the Company restructured its management and strategically reduced its operating overhead, resulting in $218,000 net income from continuing operations in 1Q13, a $225,000 increase from $(7,000) in 1Q12.

Revenues for 1Q13 were $666,000 as compared to $699,000 in 1Q12, as adjusted for the discontinuance of the Illume Mobile operations which was sold to DecisionPoint Systems, Inc. in July 2012. A significant source of revenue comes from the Company’s enforcement of its ’816′ patent. The $(33,000), or 5% decrease, is attributable to fluctuations inherent to the nature of legal proceedings.

“The strategic restructuring of the Company following the divesture of Illume Mobile in 2012 is proving to be a sound one,” stated CFO Kendall Carpenter. “We continue to execute on our plan for profitability, positive cash flow and debt reduction by monetizing our intellectual property and expanding our business and patent advisory services for small and medium-sized mobile app ventures. Our core management team has demonstrated their breadth of experience, leading to impressive first quarter results.”

For further information please see MacroSolve’s full 1Q13 10Q filing at www.sec.gov.

About MacroSolve
Founded in 1997, MacroSolve is heralded for its robust IP portfolio, while advancing throughout the mobile apps era by innovating key technologies that have laid the foundation for apps and next-gen developers. Today, MacroSolve is empowering a new era of mobile innovators seeking advisory and patent services and IP strength from a source of experience. For more information, visitwww.macrosolve.com.

Safe Harbor Statement
This press release contains projections of future results and other forward-looking statements that involve a number of risks and uncertainties and are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Important factors that may cause actual results and outcomes to differ materially from those contained in the projections and forward-looking statements included in this press release are described in our publicly filed reports. Factors that could cause these differences include, but are not limited to, the acceptance of our products, lack of revenue growth, failure to realize profitability, inability to raise capital and market conditions that negatively affect the market price of our common stock. The Company disclaims any responsibility to update any forward-looking statements.

SEE FINANCIAL STATEMENTS HERE

The IR Affiliates Network “IRA” is a network of sites that targets the broad market, most sectors, most industries and key companies key companies that drive our North American economy – and the world’s economy as a whole. On occasion we are compensated for coverage of certain companies that are shared on our network.  A third party investor relations firm paid IRA seven thousand five hundred dollars to cover several of their clients. Macrosolve, Inc. (OTCQB: MCVE) is one of those companies.   IRA makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable. In general, given the nature of smallcap investing, the smallcaps should be considered highly speculative as they carry a high degree of risk. In the past, MCVE compensated us a total of two hundred thirty three thousand restricted shares. We currently hold one hundred thousand of those shares in certificate form.  Additionally we were paid ten thousand dollars in the fall of 2010 by an investor relations firm for coverage of MCVE. The IR Affiliates Network is a group of more than one thousand sites owned and operated by Pentony Enterprises LLC.

North Bay Resources Inc. (NBRI): Operations Resume at Ruby Mine

North Bay Resources Inc. (OTCQB: NBRI) (“North Bay” or the “Company”) is pleased to confirm that operations at the Ruby Mine have resumed on schedule on April 29, 2013.

The Company also announced today that our wholly-owned subsidiary, Ruby Gold, Inc. (“RGI”), has leased new and expanded office space in Grass Valley, CA, which will serve as the Ruby Mine’s year-round mine planning and coordination headquarters.

The Company will continue to issue progress reports as the Ruby Tunnel Rehab Project moves forward towards completion and the expected start of mining operations this summer. We will announce a target date for the start of mining operations once the tunnel rehab work has restored natural airflow to the full extent of the mine, from the Ruby Portal to secondary exit at the Lawry Shaft.

About The Ruby Gold Project

The Ruby Mine, a/k/a the Ruby Gold Project, is a fully-permitted underground placer and lode mine located near Downieville in Sierra County, California that is known to have produced over 350,000 ounces of gold since the 1850s, and which is considered to be part of the northern extension of the historic Mother Lode system. The Ruby Property covers approximately 1,755 acres, only a small portion of which has been explored to date. The property consists of the subsurface mineral rights of two patented claims totaling approximately 435 acres and 30 unpatented claims containing approximately 1,320 acres. The equipment, fixed assets, and infrastructure in place include a 1,000 yard per day placer wash plant, 50-ton per day quartz mill, 6,000 feet of tracked haulage, and related support equipment needed for underground mining operations. The property also features an excellent system of roads, is accessible via paved highway from Reno or Sacramento, has abundant water and timber available for mining purposes, and has PG&E power available on-site. For further information on the Ruby Mine, please visit the Ruby page on the North Bay website athttp://www.northbayresources.com/ruby/.

About North Bay Resources Inc.

North Bay Resources Inc. (OTCQB: NBRI) is a fully-reporting junior mining company with over 150 mineral and placer claims encompassing approximately 60,000 acres throughout British Columbia, Canada.

In the US, the Company owns the Ruby Gold Mine in Sierra County, California, and is presently looking to acquire additional operating mines in the western US.

The Company’s mission is to build a portfolio of viable mining prospects throughout the world and developing them through subsidiaries and JV partners to their full economic potential. North Bay’s business plan is based on the Generative Business Model, which is designed to leverage its properties into near-term revenue streams even during the earliest stages of exploration and development. This provides shareholders with multiple opportunities to profit from discoveries while preserving capital and minimizing the risk involved in exploration and development.

SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS

This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. Although North Bay Resources Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any assumption could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion should not be regarded as a representation by North Bay Resources Inc. or any other person that the objective and plans of North Bay Resources Inc. will be achieved.

Cautionary Note to U.S. Investors - The United States Securities and Exchange Commission permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms on our website (or press releases), such as “measured,” “indicated,” and “inferred” “resources,” which the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC. U.S. Investors are urged to consider closely the disclosures in our Form S-1 and Form 10-K which may be secured from us, or from our website at http://www.sec.gov/edgar.shtml

CONTACT:

Perry Leopold, CEO
North Bay Resources Inc.
2120 Bethel Road
Lansdale, PA , 19446
Website: http://www.northbayresources.com
Phone: 215-661-1100

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All content on StockGuru.com is original content – with the exception of client news releases. All content is (C) Copyright 2002 to 2012 Pentony Enterprises LLC. No content may be used in whole or in part without the express written consent of our Publisher. We encourage web sites interested in our content to offer a reciprical exchange agreement in exchange for use of some of our content. We do not offer advance approval, but contact our Publisher if you have an interest in repropagating our content. Contact as at: Publisher@StockGuru.com or (469) 252-3030. Mailing address: 1601 Berwick Drive; McKinney, Texas 75070. NBRI Disclosure: Pentony Enterprises LLC entered into an investor relations consulting and market awareness contract with NBRI. To avoid all potential conflicts of interest, we never sell shares into the open market during an active market awareness or investor relations program, and 144 shares come with a six month hold from the time a program has ended before registration. This means that as we release new information about a particular client company either on our site or otherwise authored by us, you can be confident we are not selling shares at the same time. Pentony Enterprises is not a registered investment adviser or a broker/dealer. Pentony Enterprises LLC makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable. The Company will compensate us a total of eleven thousand three hundred and sixty dollars for coverage, with a possible one hundred thousand shares later in 2012. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk. Pentony Enterprises LLC – 1601 Berwick Drive – McKinney, Texas 75070 – (469) 252-3031.

Soul and Vibe

Rockstar Games Co-Founder Jamie King Joins Soul and Vibe Advisory Board
Led Development and Launch of Some of the Most Popular Franchises in the Gaming Industry

- Soul and Vibe Interactive Inc. (OTCQB: SOUL), “The Company,” a video and computer games company, announced today that award-winning interactive entertainment pioneer Jamie King has joined their Advisory Board. King was a Co-Founder and VP of Product Development at Rockstar Games, the video game developer and publisher best known for game franchises such as Grand Theft Auto, Max Payne, Red Dead and Manhunt.

King has experience building companies from start-up, through rapid scale up, to public company executive management. He was Director of Development at Take Two Interactive, one of the largest publicly traded video game publishers in the industry. In 2007 he founded 4MM Games, and in his role as Chief Creative Officer, he created and developed numerous branded games, including Def Jam Rapstar for the Xbox 360, PS3 and Wii video game consoles. Most recently, King has been involved in the latest innovations in gaming, including free-to-play browser games, mobile apps and social web design. With 80 video game credits to his name, Jamie King is a highly sought-after industry executive.

“We are very excited to have Jamie on board with Soul and Vibe. He knows how to conceptualize game experiences and transform them into hugely successful franchises. He also knows how to leverage licensed brands into valuable transmedia properties. Jamie has a wealth of experience managing numerous developments simultaneously and his network of talent is global,” stated Soul and Vibe’s CEO and President Peter Anthony Chiodo (“Tony”). “As a Co-Founder of Rockstar Games, he has played a key role in shaping gaming, contributing to the growth of one of the most influential publishing labels in our industry. We are honored that he sees Soul and Vibe as an opportunity to further shape our industry’s future.”

Jamie King commented, “The gaming industry is at a dynamic junction right now. Within the disruption, we see huge opportunities for creative and nimble companies that break free from traditional practices. Tony Chiodo and I share a common vision for how the gaming industry is evolving and how we can play a dominant role in its future. Soul and Vibe will represent a new face in interactive publishing and it’s been a while since I’ve seen an opportunity this promising. I’m very excited to contribute my energy to help drive Soul and Vibe’s inevitable success.”

About Soul and Vibe Interactive Inc.
Soul and Vibe Interactive Inc. (also Soul & Vibe Interactive Inc. on www.sec.gov) is a publisher of games and games-related content for consoles, mobile devices, and personal computers addressing a $56 billion market projected to grow to $82 billion by 2015. The Company specializes in the creation of original intellectual properties and has extensive experience licensing world-renowned brands from influential companies. Soul and Vibe has a license agreement with General Mills, and game development and publishing agreements for the Xbox 360® video game and entertainment system, Windows 8, Windows Live, and Windows Phone from Microsoft, and the PlayStation® 3 computer entertainment system and PlayStation® Vita (PS Vita) from Sony. Through partnerships with technically sophisticated software developers located all over the world, Soul and Vibe transforms unique concepts into engaging, highly accessible, and affordable games and entertainment experiences. www.soulandvibe.com.

Facebook: https://www.facebook.com/soulandvibe
Twitter: https://twitter.com/soulandvibe
LinkedIn: http://www.linkedin.com/company/2800907?trk=tyah

Safe Harbor Statement
This press release contains information that constitutes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements, trends, analysis, and other information contained in this press release, including words such as “anticipate,” “believe,” “plan,” “estimate,” “expect,” “intend,” and other similar expressions of opinion, constitute forward-looking statements. Any such forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from any future results described within the forward-looking statements. Risk factors that could contribute to such differences include those matters more fully disclosed in the Company’s reports filed with the Securities and Exchange Commission. The forward-looking information provided herein represents the Company’s estimates as of the date of the press release, and subsequent events and developments may cause the Company’s estimates to change. The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company’s estimates of its future financial performance as of any date subsequent to the date of this press release.

SOUL AND VIBE INTERACTIVE INC. (OTCQB: SOUL)

Disclosure: Pentony Enterprises LLC entered into an investor relations consulting and market awareness contract with a non-controlling third party for coverage of Soul and Vibe Interactive (SOUL). Pentony Enterprises LLC makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable. We expect to be compensated six thousand six hundred dollars for continuing coverage for a period of up to ninety days.  In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities isspeculative and carries a high degree of risk. Pentony Enterprises LLC – 1601 Berwick Drive – McKinney, Texas 75070 – (469) 252-3031.

Trade Alert: Medizone International (MZEI) Continues its Break-out with OVER 1.3 Millions Shares Traded Two Hours into Trading Day

Volume is at 1,358,617 at the two hour mark into trading. Prior to April, trading was alway far lighter. The price rarely broke nine cents.

Recent news and attention nationally made for some much deserved attention for Medizone.

ONE INTERESTING FACT ABOUT MZEI STOCK:

This company has been around as a publicly traded entity on the smallcaps – and – it has NEVER, EVER done a “reverse split.”  That’s remarkable and great testament to the CEO of most of those years, Edwin G. Marshall.

This story was linked off of The Drudge Report early this week for two days:

Bedbugs invade hospitals:  Why more patients share rooms with the blood-sucking pests

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All content on StockGuru.com is original content – with the exception of client news releases. All content is (C) Copyright 2002 to 2012 Pentony Enterprises LLC. No content may be used in whole or in part without the express written consent of our Publisher. We encourage web sites interested in our content to offer a reciprical exchange agreement in exchange for use of some of our content. We do not offer advance approval, but contact our Publisher if you have an interest in repropagating our content. Contact as at: Publisher@StockGuru.com or (469) 252-3030. Mailing address: 1601 Berwick Drive; McKinney, Texas 75070.

MZEI Disclosure: Pentony Enterprises LLC was compensated seventy-two hundred dollars and 550,000 144 restricted common shars by the company for profile coverage. Pentony Enterprises is not a registered investment adviser or a broker/dealer. Pentony Enterprises LLC makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk. We currently hold no shares and do not anticipate additional compensation. We have taken no free trading shares. To avoid all potential conflicts of interest, we never sell shares into the open market during an active market awareness or investor relations program or for a significant period of time afterward. This means that as we release new information about a particular client company either on our site or otherwise authored by us, you can be confident we are not selling shares at the same time. We hold only restricted shares and will not register or sell these shares at anytime during the promotional period. Pentony Enterprises is not a registered investment adviser or a broker/dealer. Pentony Enterprises LLC makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk. Pentony Enterprises: john@pentony.com Direct: 469.252.3031, 1601 Berwick Drive, McKinney, Texas 75070.

ScripsAmerica Announces Prepayment of Outstanding Convertible Note From Auctus Private Equity Fund LLC

ScripsAmerica Inc. (SCRC), a leading supplier of prescription, OTC and nutraceutical drugs, today announced that the Company has prepaid an outstanding convertible promissory note with a principal amount of $52,750, held by Auctus Private Equity Fund LLC.

The convertible note has an 8% interest rate per annum and was issued in October 2012 as part of a securities purchase agreement between ScripsAmerica and Auctus. The Note has a maturity date of July 22, 2013, however on or after April 20, 2013, the principal and all accrued but unpaid interest and any other amounts due under the Note are convertible into shares of the Company’s common stock at a specified discount.

ScripsAmerica’s CEO, Bob Schneiderman, commented, “We are pleased to announce that, due to the company reporting record revenues to begin 2013, we are financially able to prepay this convertible note in addition to a note from Asher Enterprises that was prepaid in February. These actions demonstrate the fact that ScripsAmerica remains committed to protecting and maximizing our shareholder value while we experience significant revenue growth now and moving forward.”

READ THE FULL RELEASE AT STOCKGURU.COM

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SCRC Disclosure: Pentony Enterprises LLC entered into an investor relations consulting and market awareness contract with a non-controlling third party for the benefit of SCRC. We hold not shares and do not expect to be receiving any shares for this coverage. To avoid all potential conflicts of interest, we never sell shares into the open market during an active market awareness or investor relations program. This means that as we release new information about a particular client company either on our site or otherwise authored by us, you can be confident we are not selling shares at the same time. Pentony Enterprises is not a registered investment adviser or a broker/dealer. Pentony Enterprises LLC makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable. We expect to be compensated up to eleven thousand six hundred dollars for coverage for three months of coverage. In general, given the emerging nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk. Pentony Enterprises LLC – 1601 Berwick Drive – McKinney, Texas 75070 – (469) 252-3031.

ScripsAmerica Inc. (SCRC), a leading supplier of prescription, OTC and nutraceutical drugs, today announced that the Company has prepaid an outstanding convertible promissory note with a principal amount of $52,750, held by Auctus Private Equity Fund LLC.

The convertible note has an 8% interest rate per annum and was issued in October 2012 as part of a securities purchase agreement between ScripsAmerica and Auctus. The Note has a maturity date of July 22, 2013, however on or after April 20, 2013, the principal and all accrued but unpaid interest and any other amounts due under the Note are convertible into shares of the Company’s common stock at a specified discount.

ScripsAmerica’s CEO, Bob Schneiderman, commented, “We are pleased to announce that, due to the company reporting record revenues to begin 2013, we are financially able to prepay this convertible note in addition to a note from Asher Enterprises that was prepaid in February. These actions demonstrate the fact that ScripsAmerica remains committed to protecting and maximizing our shareholder value while we experience significant revenue growth now and moving forward.” 

About ScripsAmerica, Inc.

ScripsAmerica, Inc. delivers pharmaceutical products to a wide range of end users across the health care industry through the largest pharmaceutical distributor in North America, McKesson Corporation. End users include retail pharmacies, hospitals, long-term care facilities and government and home care agencies. Current therapeutic categories serviced by the Company include pain, arthritis, prenatal, urinary, and hormonal replacement drugs. Other customers of ScripsAmerica include Cardinal Health, CutisPharma, Inc., MedVet and the United States Veterans Administration.

For more information, visit www.ScripsAmerica.com.

Safe Harbor Statement

This release includes forward-looking statements, which are based on certain assumptions and reflects management’s current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

CONTACT SCRIPSAMERICA INC. (SCRC):

1-800-957-7622

SCRIPTSAMERICA ON THE WEB: 

http://www.scripsamerica.com

http://www.rapimeds.com

Facebook: https://www.facebook.com/pages/ScripsAmerica

Twitter: @ScripsAmerica

Marlex Pharmaceuticals

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SCRC Disclosure: Pentony Enterprises LLC entered into an investor relations consulting and market awareness contract with a non-controlling third party for the benefit of SCRC. We hold not shares and do not expect to be receiving any shares for this coverage. To avoid all potential conflicts of interest, we never sell shares into the open market during an active market awareness or investor relations program. This means that as we release new information about a particular client company either on our site or otherwise authored by us, you can be confident we are not selling shares at the same time. Pentony Enterprises is not a registered investment adviser or a broker/dealer. Pentony Enterprises LLC makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable. We expect to be compensated up to eleven thousand six hundred dollars for coverage for three months of coverage. In general, given the emerging nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk. Pentony Enterprises LLC – 1601 Berwick Drive – McKinney, Texas 75070 – (469) 252-3031.

There is a great post out there on Google Glass.  It is by Robert Scoble who was able to test and review Google Glass. He did an amazing post on Google Plus. Interestingly, he tells how Google Glass and Google Plus are likely to be a match made in the digital heaven. Extending battery life will necessitate using fewer apps on Google Glass, so what’s built in is likely best.

Read his post on Google Plus.

My two-week review of Google Glass: it all depends on the price

(READ IT IN FULL HERE – Don’t skip the comments as he answers a lot of questions about it.)

Earlier this week Medizone (MZEI) was featured in an article that receive a huge amount of attention as the article was linked off of The Drudge Report for more than two days.

Medizone’s solution to MRSA and other hospital acquired infections may NOT be the only critically important use for Medizone’s AsepticSure (TM) device.  Apparently the bed bug invasion in hospitals – which is beyond critical in Canada – needs a solution. The AsepticSure (TM) device can be effective if the device is left on and active significantly longer than with the treatment of a room for MRSA and other similar infections.  It can even be effective against the bed bugs’ eggs with an even longer or stronger dose.

Clearly if Medizone can get this treatment down in time, they have what could potentially be a far larger market for AsepticSure (TM). Think of all of the hospitals, hotels, retirement facilities and group home that need a solution.

This is big news. This story was linked off of The Drudge Report early this week for two days: 

Bedbugs invade hospitals:  Why more patients share rooms with the blood-sucking pests

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All content on StockGuru.com is original content – with the exception of client news releases. All content is (C) Copyright 2002 to 2012 Pentony Enterprises LLC. No content may be used in whole or in part without the express written consent of our Publisher. We encourage web sites interested in our content to offer a reciprical exchange agreement in exchange for use of some of our content. We do not offer advance approval, but contact our Publisher if you have an interest in repropagating our content. Contact as at: Publisher@StockGuru.com or (469) 252-3030. Mailing address: 1601 Berwick Drive; McKinney, Texas 75070.

MZEI Disclosure: Pentony Enterprises LLC was compensated seventy-two hundred dollars and 550,000 144 restricted common shars by the company for profile coverage. Pentony Enterprises is not a registered investment adviser or a broker/dealer. Pentony Enterprises LLC makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk. We currently hold no shares and do not anticipate additional compensation. We have taken no free trading shares. To avoid all potential conflicts of interest, we never sell shares into the open market during an active market awareness or investor relations program or for a significant period of time afterward. This means that as we release new information about a particular client company either on our site or otherwise authored by us, you can be confident we are not selling shares at the same time. We hold only restricted shares and will not register or sell these shares at anytime during the promotional period. Pentony Enterprises is not a registered investment adviser or a broker/dealer. Pentony Enterprises LLC makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk. Pentony Enterprises: john@pentony.com Direct: 469.252.3031, 1601 Berwick Drive, McKinney, Texas 75070.

Li3 Energy, Inc. (OTCBB: LIEG) (“Li3,” “Li3 Energy” or the “Company”), a US-listed and South America based global exploration company in the lithium and minerals sector, is pleased to announce that it has acquired 100% of SLM Cocina 19-27 de la Sierra Hoyada de Marcunga, a Chilean based Company. This strategic lithium asset is located within the northern section of Salar de Maricunga in Region III of Atacama in northern Chile. It is comprised of 450 hectares, increasing Li3′s land holdings within Maricunga to 1,888 hectares. It is important to note, the acquired SLM Cocina properties adjoin Li3′s existing Litio 1-6 properties and were constituted prior to the 1982 Constitution, meaning that there is no need to apply for a special permit in order to exploit the lithium on those concessions. For further clarity, the exploitation of these properties ARE NOT subject to obtaining a CEOL permit for the exploitation of lithium in Chile. The terms of the acquisition consist of:

• US$2.0 million in cash which Li3 paid at signing, and:
  • US$2.0 million to be paid within 90 days of signing;
  • US$1.8 million to be paid within 180 days of signing;
  • US$100k to be paid annually for 15 years beginning in 2014 on the anniversary of signing.

Due to the Chilean Governments failed CEOL process last year, this acquisition, upon the completion of a development plan that would take this asset all the way through to construction of a commercial production facility, provides Li3 the means to exploit lithium in Chile. Further strategic initiatives to consolidate similar properties in the Maricunga Salar are ongoing.

Luis Saenz, CEO of Li3 Energy, stated: “We are very pleased to have acquired the SLM Cocina properties. This acquisition allows Li3 to continue our advancement of the Maricunga project towards Feasibility Study and production, whilst our company continues to pursue resolution of the failed CEOL process that would provide our other properties the same opportunity. Moreover, with our strategic partner POSCO recently announcing that they have obtained lithium carbonate in a record eight hours, with over 80% recovery with its new Lithium Direct Extraction Technology at its pilot plant in Chile, in our opinion, together these combined initiatives could further position us to shift the paradigm in the lithium industry going forward. We are very excited that this acquisition allows us to be back on track with our development program.”

While Li3 is very pleased to have made this acquisition and is confident in the execution of its business plan, the Company offers no assurances on its ability to obtain the additional capital required for the acquisition or its ability to continue funding its ongoing operations. The closing of the SLM Cocina acquisition is subject to administrative documentation, which Li3 is anticipating to be completed within 30 days.

About Li3 Energy, Inc.

Li3 Energy, Inc. is an exploration stage public company in the lithium mining and energy sector. Li3 aims to acquire, develop and commercialize a significant portfolio of lithium brine deposits in the Americas. With its controlling interest in its Maricunga Project, coupled with the completion of the NI 43-101 Compliant Measured Resource Report, Li3′s goals are to: a) advance Maricunga to the Feasibility Stage; b) support the global implementation of clean and green energy initiatives; c) meet growing lithium market demand; and d) become a mid-tier, low cost supplier of lithium, potassium nitrate, iodine and other strategic minerals, serving global clients in the energy, fertilizer and specialty chemical industries. Additional information regarding the Company can be found in our recent filings with the Securities and Exchange Commission (“SEC”) as well as the information maintained on our website www.li3energy.com.

Forward-Looking Statements

Any statements contained herein which are not statements of historical fact may be deemed to be forward-looking statements, including, without limitation, statements identified by or containing words like “believes,” “expects,” “anticipates,” “intends,” “estimates,” “projects,” “potential,” “target,” “goal,” “plans,” “objective,” “should,” or similar expressions. The Company gives no assurances the assumptions upon which such forward-looking statements are based will prove correct. Forward-looking statements involve risks, uncertainties and assumptions, and are based on information currently available to us. Actual results may differ materially from those expressed herein due to many factors, including, without limitation: validation of the POSCO technology; obtaining and the issuance of necessary government consents; confirmation of initial exploration results; the Company’s ability to raise additional capital for exploration; development and commercialization of the Company’s projects; future findings and economic assessment reports; the Company’s ability to identify appropriate corporate acquisition or joint venture opportunities in the lithium mining sector and to establish appropriate technical and managerial infrastructure; political stability in countries in which we operate; and lithium prices. For further information about risks faced by the Company, and its Maricunga Project, see the “Risk Factors” section of the Company’s POS AM S-1, filed with the SEC on March 1^st, 2013. The Company undertakes no obligation to update any forward-looking statement contained herein to reflect events or circumstances which arise after the date of this release.

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All content on StockGuru.com is original content – with the exception of client news releases. All content is (C) Copyright 2002 to 2012 Pentony Enterprises LLC. No content may be used in whole or in part without the express written consent of our Publisher. We encourage web sites interested in our content to offer a reciprical exchange agreement in exchange for use of some of our content. We do not offer advance approval, but contact our Publisher if you have an interest in repropagating our content. Contact as at: Publisher@StockGuru.com or (469) 252-3030. Mailing address: 1601 Berwick Drive; McKinney, Texas 75070. LIEG Disclosure: Pentony Enterprises LLC entered into an investor relations consulting and market awareness contract with LIEG. We hold not shares and will not be receiving any shares. To avoid all potential conflicts of interest, we never sell shares into the open market during an active market awareness or investor relations program. This means that as we release new information about a particular client company either on our site or otherwise authored by us, you can be confident we are not selling shares at the same time. Pentony Enterprises is not a registered investment adviser or a broker/dealer. Pentony Enterprises LLC makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable. The Company will compensate us a total of sixteen thousand seven hundred dollars for coverage through February 29, 2012. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk. Pentony Enterprises LLC – 1601 Berwick Drive – McKinney, Texas 75070 – (469) 252-3031.

Mantra Accelerates Development With New Internal Lab and Research Team

Mantra Energy Alternatives Ltd., a wholly owned subsidiary of Mantra Venture Group Ltd. (MVTG)(FRANKFURT:5MV) , is pleased to announce the development of its own internal research lab and team. Mantra’s new lab is located on the premises of BC Research Inc. (BCRI), a widely respected technology incubation centre. Mantra also welcomes Jianlu Zhang (Ph.D.), Mantra’s new COO, and Patrick Dodd (M.Eng.), the new CTO, who will spearhead the effort.

Research at Mantra’s new facility will support the ongoing engineering of Mantra’s ERC (electro-reduction of carbon dioxide) pilot plant, which will be operating at the Lafarge cement plant in Richmond. Coordination of these two parallel activities will greatly accelerate the development of the technology. Further research efforts at BCRI will seek to identify processes for new ERC products. Support for these projects will come from the multitude of talented engineers and chemists who call BCRI home.

Leading this R&D will be Jianlu Zhang. Jianlu obtained his Masters degree in Applied Chemistry and a Ph.D. in Physical Chemistry, with a focus on electro-catalysis, in Dalian, China. From 2005 to 2010 he worked as a Research Associate, first with the Institute for Fuel Cell Innovation (National Research Council of Canada) leading the study of the performance and contamination of high-temperature PEM fuel cells, and then with the US DOE characterizing and diagnosing vanadium redox flow batteries. Jianlu also worked as an Associate Professor and as the head of R&D at Palcan Energy Corp. before joining Mantra. With his eleven years of experience with electrochemistry and expertise with electro-catalysis, he is an invaluable addition to the team.

Partnered with Jianlu at BCRI is Patrick Dodd, a recent graduate from the University of British Columbia’s Masters of Engineering in Clean Energy program. Having previously worked at Iceland’s Carbon Recycling International and done the baseline design work for the ERC pilot plant, Patrick will bring an intimate knowledge of carbon utilization to BCRI.

About ERC

ERC, or the “electro-reduction of carbon dioxide”, is a form of “carbon capture and utilization” (CCU) that converts the pollutant carbon dioxide into useful, valuable products including formic acid and formate salts. By utilizing clean electricity, the process offers the potential for an industrial plant to reduce emissions while generating a salable product and a profit.

About Mantra Energy Alternatives

Mantra Energy Alternatives Ltd., a wholly owned subsidiary of Mantra Venture Group Ltd., aims to become a world leader in the production of high-value, carbon-negative chemicals and fuels. Mantra is currently developing the ERC process, which will initially produce formic acid and formate salts from carbon dioxide, and will eventually be capable of generating a wide variety of products. The company seeks to simultaneously reduce anthropogenic carbon emissions, which total over 30 billion tonnes each year from fuel combustion alone, and generate value.

Mantra Venture Group is a public company quoted on the OTC QB under the symbol MVTG and on the Berlin Stock Exchange under the symbol 5MV.

Follow Mantra on Twitter: http://www.twitter.com/mantraenergy

For more information go to: http://www.mantraventuregroup.com

About BC Research Inc.

BC Research is a “Technology Commercialization and Innovation Centre” located in Vancouver, B.C., close to the Simon Fraser University Campus. Their facility houses a wet chemical laboratory, over 10,000 square feet of pilot plant space, and office space. The employees of BC Research have a proven record of innovating chemical process solutions and implementing them on a commercial scale to the international community. A few areas of technology specialization include, but are not limited to: fluidized beds, storage of energy in batteries, fuel cells, and electrochemical cells; corrosion testing and analysis; hydrogen, sulfur, chlorine, nitration, water treatment, and pulp and paper chemistry.

Forward-looking statements: Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See Mantra Venture Group’s filings with the Securities and Exchange Commission, which identify specific factors that may cause actual results or events to differ materially from those described in forward-looking statements.

MVTG Disclosure: Pentony Enterprises LLC entered into an investor relations consulting and market awareness contract in March of 2011 with the company. We received a total of one hundred and ninety two thousand shares restricted shares subject to rule 144 for our first ninety days of coverage. We hold no other shares and will not be receiving further compensation in shares or that is share related during this period outside of the potential renewal mentioned above. Pentony Enterprises is not a registered investment adviser or a broker/dealer. Pentony Enterprises LLC makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk.

Vuzix Corporation  (TSX-V:VZX, OTC:BB: VUZI, FMB: V7X) 

Vuzix Corporation(TSX-V: VZX, OTC:BB: VUZI, FMB: V7X), a leading developer and supplier of smart glasses, announced today that its President and CEO Paul J. Travers and CFO Grant Russell will present at the FSX Investment conference at 1:30 PM PT on Friday, April 26^th. The conference will take place April 25^th through 27^th at the Ritz Carlton hotel in San Francisco and the media will have the opportunity to meet with management and demo the Company’s products including its award-winning M100 smart glasses which are slated for launch this summer.

Registered investment advisors or members of the media interested in meeting with management and seeing Vuzix’ industry leading smart glasses for both the consumer and enterprise markets should contact Mr. Andrew Haag at vuzi@irthcommunications.com or 1-866-976-IRTH (4784). A copy of the presentation will be available on the Investors section of the Vuzix website.

For more information on the FSX Conference please visit: http://www.fsxinterlinked.com/

About Vuzix Corporation

Vuzix is a leading supplier of video and cloud connected video eyewear products in the consumer, industrial, media and entertainment markets. The company’s personal display products offer users a portable high quality viewing experience for industrial wearable displays, consumer digital content viewing as well as 3D, virtual and augmented reality experiences.  Vuzix also provides developer software and support to enable the growth and development of AR applications for its mobile devices.  With its origins in defense research and development for next generation display solutions, Vuzix holds over 44 patents and patents pending in the video eyewear field.  The company has won 14 Consumer Electronics Show Innovations Awards, the RetailVision Best New Product and several wireless technology innovation awards, among others.  Founded in 1997, Vuzix is a public company (TSX-V:VZX - News, OTC:BB: VUZI, FMB: V7X) with offices in Rochester, NY, Oxford, UK and Tokyo, Japan. For more information visit ww.vuzix.com.

Forward-Looking Statements Disclaimer

Certain statements contained in this release are “forward-looking statements” within the meaning of the Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. Forward looking statements contained in this release relate to, among other things, future product releases, including the M100 and its capabilities and the Company’s leadership in the Video Eyewear industry. They are generally identified by words such as “believes,” “may,” “expects,” “anticipates,” “should’” and similar expressions. Readers should not place undue reliance on such forward-looking statements, which are based upon the Company’s beliefs and assumptions as of the date of this release. The Company’s actual results could differ materially due to risk factors and other items described in more detail in the “Risk Factors” section of the Company’s Annual Reports and MD&A filed with the United States Securities and Exchange Commission and applicable Canadian securities regulators (copies of which may be obtained at www.sedar.com or www.sec.gov). Subsequent events and developments may cause these forward-looking statements to change. The Company specifically disclaims any obligation or intention to update or revise these forward-looking statements as a result of changed events or circumstances that occur after the date of this release, except as required by applicable law.

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About Vuzix Corporation  (TSX-V:VZX, OTC:BB: VUZI, FMB: V7X) 

Vuzix is a leading supplier of Video Eyewear products in the consumer, commercial and entertainment markets. The Company’s products, personal display devices that offer users a portable high quality viewing experience, provide solutions for mobility, wearable displays and virtual and augmented reality. Vuzix holds over 48 patents in the Video Eyewear field. The company has won 13 Consumer Electronics Show Innovation Awards and several wireless technology innovation awards, among others. Founded in 1997, Vuzix is a public company (TSX-V:VZX, OTC:BB: VUZI, FMB: V7X) with offices in Rochester, NY, Oxford, UK and Tokyo, Japan. For more information visit www.vuzix.com.

All content on StockGuru.com is original content – with the exception of client news releases. All content is (C) Copyright 2002 to 2012 Pentony Enterprises LLC. No content may be used in whole or in part without the express written consent of our Publisher. We encourage web sites interested in our content to offer a reciprocal exchange agreement in exchange for use of some of our content. We do not offer advance approval, but contact our Publisher if you have an interest in repropagating our content. Contact as at: Publisher@StockGuru.com or (469) 252-3030. Mailing address: 1601 Berwick Drive; McKinney, Texas 75070. VUZI Disclosure: Pentony Enterprises LLC entered into an investor relations consulting and market awareness contract with Vuzix Corporation. We hold not shares and will not be receiving any shares. To avoid all potential conflicts of interest, we never sell shares into the open market during an active market awareness or investor relations program. This means that as we release new information about a particular client company either on our site or otherwise authored by us, you can be confident we are not selling shares at the same time. Pentony Enterprises is not a registered investment adviser or a broker/dealer. Pentony Enterprises LLC makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable. The Company has compensated eight thousand dollars for coverage. We have taken no shares. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk. Pentony Enterprises LLC – 1601 Berwick Drive – McKinney, Texas 75070 – (469) 252-3031.

I am getting two questions a lot today.

Should I sell gold? Should I buy gold?

I have made an effort to answer these questions on our blog. Please look here for two posts in relation to these questions – links below. Do keep in mind that selling stocks versus selling gold bullion or coins are two separate things.

If you make the wrong choice and don’t sell your bullion, gold is never going to zero. If you make the wrong choice with a gold stock, it could easily go to zero if the company is not profitable with gold at significantly lower prices. Make the right choices. Get other’s advice – but DON’T LET THAT ADVISOR be the person on the phone from a gold bullion seller. Be really, really careful who you get that advice from.

Here are those links:

Our take on the “Gold Crash of 2013″

Gold Stocks? A Value Now?

Thanks… and Good Luck!

Clearly, many people just lost big on Gold. If you are looking for why, it is relatively simple – in my opinion. Let’s start with this headline: “Cyprus to sell around 400 million euros worth of gold” (from Reuters on April 10, 2013).  That’s the first issue with gold. Our European friends are likely going to be dumping gold into the markets over the next few months from many of the weaker countries. That means that no gold price will be stable for a while. On top of that, the European Central Bank and the United States Federal Reserve do not want gold continuously proving how weak their currencies really are. Unlike controlling inflation, controlling interest rates, and controlling our lives, no government wants their citizenry running to gold and exiting their currency.

That said, there will come a low point for gold. Likely it is not the present $1365 per ounce that it is trading for live as I write this. There will likely be further momentum downward. Ultimately it will hit rock bottom. When it hits that rock bottom, the market is not going to come back strong again. It will likely creep up slowly over time.  If you can correctly pick that bottom, you will come out a winner. If you get in now, I think you will probably see another 50%  shave in prices coming. Be careful.

If you don’t hold gold – and you always wanted to own gold in your portfolio – here are some ideas:

View gold as the stock you wanted to own. If you do not presently own gold and you want to protect your holdings, pick an amount monthly to invest in gold. Take possession of that gold. You do not want something “weird” to happen to your gold in the future when the entity holding your gold goes bankrupt or gets “nationalized.” It’s a crazy world we live in. Don’t buy commemorative “coins” by a non-government mint. That is always the worst value in gold. Buy either gold bars from a very reputable firm (FYI – watch out for the fakes. Read THIS ARTICLE!) or buy very popular bullion coins from a government mint. I am a coin collector, and I would recommend against buying collector coins such as old US gold coins for gold investing. You will end up paying a premium in a sharply down market. You want gold with the lowest fees attached.

Again – take possession of the gold. Don’t keep it “on account” somewhere. I know many gold sellers offer that. It’s a strange new world. You don’t want your gold where the asset can be “frozen.”  Read back on the elimination of the gold standard in the US to see that holding this precious metal can be made illegal. The first step in that process would be to freeze gold on deposit with reputable firms.

If you already hold gold what should you do?

Gold is not a stock. It is a commodity. There is a whole lot of evidence that many governments will be dumping over the next year. If this truly happens, this will be devastating to the price of the gold you hold. What’s worse that that? People that are holding gold suddenly getting into a panic and selling. That, too, will drive the price down. What’s even more likely is that the US Federal Reserve and the European Central Bank will dump into this momentum as their is an inverse correlation between the price of gold and the value of a currency.  Many governments that are “over extended” and printing currency are thrilled to have gold fall in relation to their currency.  That said, there will come a day when they see it so cheap they will slowly start adding back to their supplies.  (This is like a “dump and pump” in the smallcap stock arena!)

If you bought gold over $1700, you clearly lost the bet. You may not even win in the long term. Decisions on when you should sell, whether you should sell, should you average down, etc. are yours and  yours alone to make with your family and your advisors. I don’t see it going back to $1700 unless the United States defaults and gets into a deep depression. That said, there is a low point. At some point everyone with cash is going to say “this is one hell of a buying opportunity!” and get back in.  Don’t hold your breath.

Should you just dump gold and be done with it?

I have this question in my inbox. Keep in mind that I have never recommended gold or any precious metal by a bullion purchase. I am not going to make a recommendation here. Unlike the Dow and the S&P, there is no reason to think that gold would return to its all time high unless something extraordinary happens. When the markets lose 20% to 30% on the Dow or the S&P, generally selling at those lower levels is a bad idea as you know that half of that loss will be recovered within weeks generally. That’s the nature of stock crashes. The balance of that loss may take a few years as we have seen with recent highs versus the Crash of 2008. Does that have any correlation to gold? I think there is too much selling coming. I think between panicked small time holders and governments selling to get out of debt we are likely to see these new prices as highs rather than lows. That’s my take. I could be completely wrong. Again check with your advisors and your family before making quick decisions.

Short term plays?

Yes. If you have the stomach for it, there are some great short term plays coming in gold and silver. These will be great swings. You will have to watch the news and have luck. There will likely be no day-to-day logic for any of this for a long time. Personally, I am going to stay away from playing gold futures. I really don’t like them to begin with. I always though there was a bubble.

Gold stocks… A value now?

READ OUR POST FROM EARLIER TODAY. 

Listen to professional advice. Realize that this is my opinion. I don’t presently own gold stocks, so this is very easy for me to say. Still, it is what I believe. 

Good luck to all.