IndoChine Mining is bringing the Mt Kare gold and silver mine to life in the best time for 50 years with the price of gold sitting at 50 year highs!
The Bank of Japan just announced an Open Ended Round of Quantitative Easing of $106Billion per MONTH, EVERY MONTH until they achieve an average 2% inflation rate in Japan.
It will take a deflated Japanese economy more than 12 months to achieve this inflation target. This means that they will PRINT over $1.27Trillion worth of Yen(120Trillion Yen) over the coarse of 2014.
Just as the US Fed would have printed $1Trillion US Dollars this year to lift their economic growth.
The US Fed will lift the price of gold to above $2000/Oz in 2013, and the US Fed, then the US Fed coupled with the BOJ will lift it further in 2014 with multiple Rounds of QE.
We all know the close correlation between Quantitative Easing and the Price of Gold and Silver! :)
We just need to let Mr Promnitz and his team and IndoChine Mining to bring Mt Kare to life!
Cheers Nectar
IDC Price at posting:
12.4¢ Sentiment: LT Buy Disclosure: Held
