China cut interest rates unexpectedly on Friday, stepping up efforts to support the world's second-biggest economy

China cut interest rates unexpectedly on Friday, stepping up efforts to support the world's second-biggest economy as it heads towards its slowest expansion in nearly a quarter of a century.

The cut, the first in over two years, came as factory growth has stalled and the property market, long a pillar of growth, has remained weak, dragging on broader activity and curbing demand for everything from furniture to cement and steel.

"It's comes right after China's disappointing PMI figures showing that manufacturing activity is getting dangerously close to contraction," said Alexandre Baradez, chief market analyst at IG in Paris, referring to a private factory survey this week which added to worries about slowing global growth.

"China's central bank is now following the path of the Fed, the ECB and the BoJ. Central banks are really driving markets," he said.

Just a few weeks ago, Chinese President Xi Jinping had assured global business leaders that the risks faced by China's economy were "not so scary" and the government was confident it could head off the dangers.

© REUTERS/Jason Lee The headquarters of China's central bank, the People's Bank of China, is pictured behind an iron chain in Beijing, June 21, 2013. In a speech to chief executives at the Asia Pacific Economic Cooperation (APEC) CEO Summit, Xi said even if China's economy were to grow 7 percent, that would still rank it at the forefront of the world's economies.

The People's Bank of China said it was cutting one-year benchmark lending rates by 40 basis points to 5.6 percent. It lowered one-year benchmark deposit rates by less - just 25 basis points. The changes take effect from Saturday.

"The problem of difficult financing, costly financing remains glaring in the real economy," the PBOC said.

LIMITING THE IMPACT

The central bank also took a step to free up deposit rates, allowing banks to pay depositors 1.2 times the benchmark level, up from 1.1 times previously.

"They are cutting rates and liberalising rates at the same time so that the stimulus won't be so damaging," said Li Huiyong, an economist at Shenyin and Wanguo Securities.

Recent data showed bank lending tumbled in October and money supply growth cooled, raising fears of a sharper economic slowdown and prompting calls for more stimulus measures, including cutting interest rates.

But many analysts had expected the central bank to hold off on cutting interest rates for now, as authorities have opted instead for measures like more fiscal spending, as they also try to balance the need to reform the economy.

Chinese leaders have also repeatedly stressed they would tolerate somewhat slower growth as long as the jobs market remained resilient.

More recently, the central bank injected cash into the system in the form of short-term loans to banks in an attempt to keep down borrowing costs and encourage more lending even as bad loans increase.

But a growing number of economists said those moves were not translating into either lower financing costs or more credit for cash-starved Chinese companies.

Analysts expressed doubts over whether the impact of the rate cut would find its way into the real economy, either, as the cooling economy makes lenders more risk-averse. Some predicted multiple cuts would be needed well into next year.

Hurt by the cooling property sector, erratic export demand and slackening domestic investment growth, China's economy is seen posting its weakest annual growth in 24 years this year at 7.4 percent.

China's rate move comes after the Bank of Japan sprang a surprise on Oct. 31 by dramatically increasing the pace of its money creation, while European Central Bank President Mario Draghi shifted gear on Friday and threw the door wide open to quantitative easing in the euro zone.

"There is definitely more concern around about the state of the global economy than there was a few months ago, you see that not just when you talk about Europe," British finance minister George Osborne told an audience of business leaders in London on Friday

Gold Bear Market ? #GOLD $GOLD Buy or Sell ?

Gold prices broke below $1,400 Monday, their lowest level since March 2011. "Here we are under [$1,400]," Gartman observed. "Who would have thought it? Not I." "I think it would be unfair to force the Cypriots to sell [gold] and not to have others do exactly the same thing," he argued. "I expect Spain and Portugal, Italy will also be rumored to do it, and that's weighing on prices." The precious metal has entered into bear market territory for the first time in 12 years. It is down about 25 percent from a peak hit in September 2011 at $1,920. Reports last week that Cyprus was planning to sell some of its gold holdings have been the latest trigger for the sell-off in gold Gold mining shares around the world were battered, with shares of Australian-listed Kingsgate Consolidated, a gold producer and exploration company, and miner Beadell Resources plunging 15 percent, while Newcrest Mining, which operates gold and copper mines, tumbled more than 8 percent.

Gold Will Top $2,000 in 2013: Kilburg Breakout

Gold Will Top $2,000 in 2013: Kilburg Breakout
When inflation comes it's going to come in a fast and furious manner, driving gold well above $2,000, says gold bull Jeff Kilburg, founder and CEO of KKM Financial

U.S. dollar falls ?, gold higher as jobs data disapoint Fed hope

by (Reuters) - The U.S. dollar sank against major currencies on Friday and gold prices jumped to a six-month high as anemic American jobs growth fueled investor bets that the Federal Reserve will launch another round of monetary stimulus for the world's biggest economy, perhaps as soon as next week.
Yields on safe-haven U.S. Treasuries slumped on the disappointing August jobs data, while yields on Spanish and Italian government debt extended their slide to multi-month lows after the European Central Bank on Thursday announced plans to combat the region's three-year-old debt crisis by buying sovereign bonds.
The prospects for ECB action supported the euro early in the session, and the currency extended its gains after the U.S. Labor Department reported nonfarm payrolls increased by 96,000 in August, well below forecasts for 125,000 new jobs.
The Federal Reserve starts a two-day policy meeting on Wednesday, and markets will keenly await the U.S. central bank's statement issued on Thursday and a media briefing by Chairman Ben Bernanke.
"This weak employment report, in jobs, wages, hours worked and participation is probably the last piece the Fed needs before launching another round of quantitative easing next week," said Joseph Trevisani, chief market strategist at Worldwide Markets in Woodcliff Lake, New Jersey.
"QE will boost equities, damage the dollar and do little for the economy, but what else can an activist Fed do?"
The U.S. dollar fell 1.0 percent to 80.194 against a basket of major currencies .DXY. The euro touched around a four-month high against the dollar of $1.2814 before paring gains to trade at $1.2810. Against the Swiss franc the common currency rose to its highest level in eight months. U.S. gold futures jumped to $1,740.80, the highest since late February.
U.S. stocks seesawed as investors weighed the chances for more quantitative easing from the Fed, which would pump money into the economy to try to boost growth.
The Dow Jones industrial average .DJI ended up 14.64 points, or 0.11 percent, to 13,306.64. The Standard & Poor's 500 Index .SPX closed up 5.80 points, or 0.40 percent, to 1,437.92. The Nasdaq Composite Index .IXIC gained 0.61 points, or 0.02 percent, to 3,136.42.
"I think the market doesn't really know what to do. What I suspect will happen is, for the rest of today and all through Monday and Tuesday, the market is just going to probably go sideways in anticipation of that FOMC meeting," said Randy Frederick, managing director of active trading and derivatives for Charles Schwab in Austin, Texas.
The benchmark 10-year U.S. Treasury note was up 2/32, the yield at 1.6695 percent, after falling sharply in price on Thursday when news of the ECB plan reduced the need for safe-haven bets.
The FTSEurofirst 300 equity index .FTEU3 closed at 1106.72, up 0.18 percent on the day.
Ten-year Spanish bond yields slid to 5.646 percent, their lowest since early April.
The MSCI world equity index .MIWD00000PUS climbed 1.2 percent to 330.24. The index is back to its level of early May, when demand was still being supported by a massive injection of cheap three-year funds into the banking system by the ECB.
Oil prices rose in volatile trading on expectations of Fed stimulus, even as the weak jobs data dented the outlook for petroleum demand.
U.S. crude settled up 0.93 percent at $96.42 a barrel. Brent October crude rose 76 cents, or 0.67 percent, to settle at $114.25 a barrel.
reporting by R.Hubbard

Pawn Stars says buy Gold ?

The business model of the pawn shop dates back over 3,000 years and remains largely unchanged: A customer in need of some cash gets a loan from a merchant, using a personal possession as collateral. The pawn shop holds the property for a predetermined amount of time, charging interest on the loan. If the customer can pay his debt before the deadline, he gets his property back. If not, it's the pawn shop's to resell.
While the basic transaction is much the same as it was in ancient China, the reputation of the pawn shop industry has fluctuated wildly. Pawn shops have often been portrayed and viewed as vaguely threatening stores located in seedy parts of town, where only desperate customers would dare venture to.
Today, the modern pawn industry has become something else entirely. Many of these shops, which also operate like small banks, are publicly traded companies and are becoming cultural phenomena. The embodiment of the new era of the pawn shop is Rick Harrison, star of History Channel's monster hit Pawn Stars and author of the book "License to Pawn". Harrison, who runs the Gold & Silver Pawn Shop in Las Vegas, Nevada recently sat down with Breakout to discuss the economy, misconceptions about his business, and the endless number of curios he comes across when dealing with the 3,000 to 4,000 customers coming through his shop every single day.
Harrison immediately addressed the lingering perception of pawn shops preying on the down-and-out, or especially in Las Vegas, desperate gamblers down to their last chips. Despite the tough times, nearly 80% customers reclaim their goods; meaning a pawn shop transaction is more like a bridge loan for the roughly 25 million Americans without a traditional bank account, rather than a legitimized loan sharking operation.
Which isn't to say the pawn shop business is impervious to the economy. Most assume the stores do better in a weak economy; but they don't. Harrison explains that it's the nature of buying and selling that changes based on economic conditions.
"When times are good, I'm buying less stuff and I'm selling more stuff. When times are bad, I'm buying at lot of stuff but it isn't moving like it used to," says Harrison. Reflecting the building slump in Vegas, there's a glut of construction-related goods coming into his shop, but very little demand from buyers. As any student of economics will tell you, too much supply and little demand means lower prices. "At this point, we have just stopped taking construction tools altogether. That's how bad construction is in Las Vegas," says Harrison.

While Harrison's front line view of his local economy is troubling, the beauty of the pawn shop business is that it can capitalize on whatever trend is hot at the moment. A car dealer is stuck selling cars regardless of vehicle demand. In contrast, the players in the pawn industry specialize in trends. Of course that brings us to the trading craze of 2011: Buying and selling gold and silver.
"I cannot keep gold and silver bullion in my stores at all," the retail rockstar said. "We buy it every day. Every morning I put it in my showcase and it's gone by noon."
But if you're ready to run to your local pawn shop to sell your jewelry, think again. Nobody in retail ever made money overpaying for goods then selling them at a discount. Harrison, like any successful pawn business, will offer a discount to the price you see quoted in financial news, and then sell your stuff at a premium if you don't pick it up before the end of his 120-day holding period. It's not personal, it's just business.
Pawn shops are also the last place to go if you're looking for a sucker to overpay for your junk. Harrison's store carries as many as 22,000 different items at any given time, or as he puts it, the shop has "one of everything." After 30 years in the business, he says it's "pretty simple" to spot counterfeits. And if an item is questionable, he calls in an expert to vet the goods. It's a good thing because there are plenty of hard-to-value oddities at any pawn shop, particularly one based in Las Vegas.
Harrison's store alone has a fist full of Super Bowl rings, four Olympic gold medals, the boots that jockey Hall of Famer Willie Shoemaker wore in his 8,000 race, and a Pee-Wee Herman doll sealed in its original packaging. But those aren't anywhere near the strangest thing on his shelves. At the moment Harrison is in possession of a 200-year old Japanese "pillow book" of the type he says were once given to Japanese brides on their wedding nights.
Ok then. Harrison says many of these rarities are more valuable to him as museum-type pieces than retail items. Museums may be the last thing you think of when considering pawn shops, but it's a new day for an old industry. Whether to hock an heirloom or simply check out the modern version of Ripley's Believe it Or Not stores, it's time to change the way you think of the pawn shop business.

by http://finance.yahoo.com/blogs/breakout/secrets-pawn-star-132957563.html  yahoo.com

Jim Cramer likes Gold ? ( F, BP, C, KKD, GM, THM ) ?

CEO Jeff Pontius, International Tower Hill Mines (THM)




Will gold's meteoric rise, those who want to buy gold stocks now seem to be late to the party. Cramer thinks with emerging market demand and scarcity value, gold's story is far from over, but it is worth looking for undiscovered gold stocks that may be undervalued. International Tower Hill Mines (TMH) is a future gold mining company located in Canada. MIne construction is expected to start in 2014 and actual production will begin in 2016. While this mine is not large, the company's stock is only $9 and its market cap is $800 million. Once the mine operates, it is expected to generate 600,000 ounces of gold a year.



Jeff Pontius discussed the rigorous approval process for the mine, but he understands that the government wants to ensure that the environment is protected. He sees a significant upside for the company, especially since barriers to entry in the industry are high and finding new gold assets is increasingly difficult. When Cramer asked about partnerships with Chinese companies, Pontius responded that the company has had significant interest in partnerships from China and he will consider an attractive proposal of a partnership.



Cramer warned that this stock is highly speculative but may be a great pick for a devoted gold bull. The stock may be more vulnerable than most to fluctuations in gold price, but its long-term story is solid.



When Will the Government Get Behind Natural Gas?



After urging the government to consider adopting natural gas as a bridge fuel, Cramer was pleased to hear President Obama mention natural gas in his energy speech. However, these remarks are mere lip service if politicians don't aggressively support a bill that would require trucks to run on natural gas. Currently, 25% of all imported oil is burned by trucks, and diesel is one of the dirtiest fuels around. Such a bill would create jobs and reduce dependence on foreign oil. Until politicians in significant numbers support this proposal, Cramer is still skeptical about the future of natural gas in the U.S.



CEO Glenn Tellock, Manitowoc (MTW)



Manitowoc is a company that is aggressively reinventing itself and has seen its stock price soar. This industrial and food service equipment play rose from $13.47 to $17.11 after earnings, a 27% gain after just one day. For the past two months, Manitowoc has been constantly on the new high list and has risen 66% since its earnings report. The story is far from over with crane demand expected to increase substantially in emerging market countries, and as Japan prepares to rebuild.



Glenn Tellock said the main driver of the company's growth is from emerging market countries; there are few building projects in the U.S. While Japan is still in the phase of cleaning up and recovering, Tellock thinks Manitowoc may have a role to play there when the country begins to rebuild. Cramer asked how MTW could see such an increase in profits, since the majority of MTW's profits come from the food service sector and that group has not been performing well. Tellock responded that, rather than open new stores, many restaurant companies want to invest in devices that will speed up service, improve quality and enable them to compete more effectively. In the food service space, MTW is up 5-6% and continues to take market share.



When Cramer asked if MTW should split into two companies, Tellock responded that the two businesses have a synergy that might not be readily apparent, and the company benefits from having both of its segments under one roof. MTW has cleaned up a good portion of its debt, and Tellock said the company will continue doing so as it generates more cash through organic growth.



"I wish it would pull back," said Cramer. "The story is good...Crane demand worldwide is going to be incredible. I worry it has had a good run, but I don't want you to miss it."



PPG Industries (PPG), Cephalon (CEPH), Genzyme (GENZ), Qihoo (QIHU), GSI Commerce (GSIC), Amazon (AMZN), Salesforce.com (CRM), Krispy Kreme Doughnuts (KKD), GM (GM), Ford (F), BP (BP)



A Practical Guide to Make $10K Every Month by 10 Ways! + Plus Bonus

With another good day for stocks, one might wonder if the market is starting to get complacent about bad news. Cramer thinks there is no complacency; the market has its eyes wide open to good news and likes what it sees. It is the bears that are asleep with their relentless, unexamined skepticism.



There were many great stories moving stocks upward. PPG Industries (PPG) pre-announced breathtaking earnings 18% higher than expected. The company proved that raw cost problems can be transcended by keeping other costs down, raising prices and generating higher revenues. Cephalon's (CEPH) hostile takeover bid makes the biotech sector look more attractive, especially on the heels of Genzyme's (GENZ) departure from the S&P 500 because of its own takeover bid. Qihoo's (QIHU) IPO was even bigger than expected, and the stock is up 136% from its initial price. GSI Commerce (GSIC) rose 52% on a takeover bid, and Amazon (AMZN) has been a strong performer.



Cramer took some calls:



Salesforce.com (CRM) should go higher on an acquisition, even as the bears hate the stock



Krispy Kreme Doughnut (KKD) may seem like a magnet for shorts, but Cramer wouldn't try to play a short squeeze. He thinks GM (GM) will have a terrific turnaround, Ford (F) has been in the doghouse too long, and American automakers are a better investment than doughnuts.



BP (BP) is a battleground stock. "I have enough problems with the real world. I think BP is just too darn hard. What do I need with the headache that is BP?"

why i'm buying (Public, PINK:DGRI) Dutch Gold Resources, Inc. , my best penny stock buy in 2011

(Public, PINK:DGRI)  Dutch Gold Resources, Inc
Dutch Gold Resources, Inc. (Dutch Gold), incorporated on October 13, 1989, is a gold miner focused on developing its mining properties in North America and acquiring and developing new mines. The Company maintains two mining projects and a milling operation near Grants Pass, in southern Oregon. On December 31, 2009, the Company acquired Aultra Gold, Inc.Dutch Gold seeks to leverage its capital through strategic investments in other gold miners, with an intent of developing multiple sources of cash flow from its’ capital base.

Dutch Gold Resources believes that building value in the mining sector requires having exceptional people working on projects of significance, in keeping with the Company’s ability to bring financial discipline to the development and subsequent production of its portfolio properties.

To that end, Dutch Gold is proud the experience sets of the key members of its management team. Rauno Perttu, COO and Vice Chairman, has forty years of experience identifying and developing successful mining projects. The balance of the management consists of seasoned Merger & Acquisitions, and Corporate Finance professionals, with Dan Hollis serving as CEO and Steve Keaveney serving as CFO. Mr. Keaveny has been instrumental in the completion of two-dozen M&A assignments, along with providing over $500 million of financing to his companies. The team mission is to identify and finance opportunities to enhance the value for its shareholders.



The Company’s portfolio consists of three properties. Dutch Gold is focuses on its holdings of merit in Montana and Nevada. The Company is conducting advanced exploration and predevelopment of the large gold system at our Basin Gulch property in Montana. Our Jungo Project is a promising new discovery in Humboldt County, Nevada. The property is being actively explored and is located near the Sandman project. Dutch Gold has placed its Oregon properties into Care and Maintenance. The Company has an active acquisition pipeline.
Finding a Gold Stock in NanoCap is tricky because normally there are so many shareholders and it takes eons to value the metal they extract from the ground. Not to mention the underlying metal itself is volatile and many companies are dual listed and information is hard to keep up with. I found a company who will be reporting soon in the OTCBB in the US who is dual list and has a 2011 plan as strength in the underlying metal continues.The estimated gold mineralization volume for the discovery block is 633 million tons grading 0.012 ounce per ton (opt) gold, using a 0.0065opt cutoff, for a contained volume of approximately 7,600,000 ounces of gold. Within this mineralization is higher-grade volume of 108 million tons grading 0.026 opt gold, containing approximately 2,800,000 ounces of gold. The gold mineralization also contains locally significant associated silver mineralization that was not included in the estimates.


Additionally, based on numerous higher-grade gold intercepts that have not yet been evaluated, Dutch expects to define very significant areas of higher-grade mineralization with future drilling, both within the discovery zone and outside it. As step-out and fill-in drilling is conducted in the gold-mineralized areas intersected by the holes outside the discovery block, Dutch anticipates the discovery will grow

In March of 2010, Dutch Gold spun of an existing corporate structure, creating Shamika 2 Gold, Inc. (SHMX:OTCBB). Dutch Gold holds over 5,500,000 shares of SHMX. The transaction enhances the financial statements of Dutch Gold, and provides potential sources of cash flow for DGRI in the future. Management is pleased to have leveraged its capital base, and is evaluating other opportunities to strengthen its balance sheet and cash flow.
The Company is pleased to report that initial results appear to be favorable, and to announce the next steps in the interpretation of the data.

The Company is reviewing the drill core from its Jungo property in Humboldt County, Nevada. The hole was drilled at 60 degrees to the northwest to cross the southeast-dipping geology. Dutch Gold is pleased to announce that the drilling has intersected extensive breccia containing a wide variety of locally rounded clasts including volcanic fragments and locally extensive pyritic quartz clasts in a matrix of clay and apparent quartz sericite. This is interpreted to be the volcanic vent that was crossed almost perpendicularly from 92 feet to 280 feet in a 188-foot segment of a trench that overlies the drill hole a short distance to the south.

In the trench, the eastern twenty feet assayed 0.042 opt gold and more than 0.5 opt silver. A select 5-foot sample of the hot springs rock assayed 0.6 opt gold and 4.44 opt silver. Additionally, the western portion of the vent in the trench contained intervals that assayed better than 0.01 ounce per ton gold. The core is interpreted to be the upper level, lower temperature part of a gold system that could strengthen at depth.
Looking for Gold: The Modern Prospector's Handbook (Prospecting and Treasure Hunting)


The volcanic vent gold system is interpreted to be a younger, separate system from the gold and copper system that was the focus of the earlier exploration in the area. This newly identified system does not appear to contain copper.



Dutch Gold believes that a combination of the mineralization in the newly discovered system with the earlier identified gold and copper mineralization should be evaluated for its combined open-pit potential. Furthermore, the new system should be evaluated on its continuation to the north and at deeper levels.



"We will log the core in detail, cut it and submit it for assaying. First assay results are expected in about two weeks," said Rauno Perttu, Chief Operating Officer. "These early indications, along with the assay data, will guide the Company in further exploration and development planning for the Jungo project," added Mr. Perttu.
Jungo is located approximately 50 miles northwest of the town of Winnemucca, in northwestern Nevada.

The Jungo property lies between the historic Sleeper Mines and Allied Nevada Gold Corporation’s Hycroft Mine in Humboldt County, Nevada, and southwest of and across the valley from Newmont’s Sandman project. The Company has no direct association with any of these nearby mines.

The Hycroft Mine historically produced in excess of a million ounces of gold and recently announced that it plans to go back into production with the recent discovery of at least 5 million ounces of additional reserves.

Located in Granite County, Montana, the Basin Gulch Mine is a large, open-ended, gold and silver system. Discovered by the company's COO and world renowned geologist, Rauno Perttu, the property has been partially explored by 323 reverse circulation and core drill holes and approximately 17,000 feet of trenches. The system contains multiple areas of mineralization, and an open-ended defined resource of more than two million ounces of mostly low-grade disseminated gold and silver, with local shallow higher-grade breccias and inferred veins.



On February 11, 2011, Dutch Gold Resources acquired an exploratory license for its Basin Gulch Project. The permit facilitates exploratory drilling of the property which is said to contain $3 billion in gold and may contain one of the largest gold deposits ever in Western Montana

The Sleeper Mine produced approximately 1.7 million ounces of gold, much of it from very high-grade near-surface veins. Recent exploration is finding new areas of strong ore-grade mineralization below the historic mine pit and along newly identified mineral structures outside the historic exploration area.

The Jungo property contains extensive exposures of brecciaed and silicified Paleozoic sedimentary rocks in contact with Tertiary volcanic rocks to the north and east. Surface samples from the property were anomalous in gold and silver, with several samples assaying better than 0.1 opt gold, and one sample greater than 0.6 opt. The apparent southwestern end of a siliceous gold system was exposed in the northern of two surface trenches completed by Dutch in March of 2007. Very limited exposures suggest that the possible hot springs silica associated with a minimally eroded volcanic vent extends for at least 2,000 feet northeastward under shallow alluvial cover.

Three additional trenches were dug in 2010. Trench JTP-3 was sited 1020 feet north of the 2007 trenches and was dug in an easterly down-slope orientation to cut across the lower margin of the eastern hillside of the Jackson Mountains. This new trench exposed altered Pretertiary meta-sedimentary and meta-igneous rocks that have been locally intruded by younger sialic shallow igneous rocks. All of the rocks have been fundamentally shattered and sheared.


Gold Miner's Handbook
Trench JTP-3 exposed the apparent continuation of the silicic gold-bearing volcanic vent that was seen in the northern 2007 trench. The JTP-3 trench interval from 140 feet to 270 feet contained the apparent vent zone, with erratic blocks of altered older metamorphic rocks mixed with and locally dominated by younger highly silicic gassy volcanics. The vent is gold bearing. The trench interval from 200 to 210 feet assayed 0.048 opt gold and 0.5-ounce silver. The interval from 240 to 250 feet contained 0.076 opt gold and 2.6 ounces silver. The adjacent interval from 250 to 260 feet assayed 0.017 opt gold and a half-ounce silver.The Basin Gulch Mine is a large, open-ended, gold and silver system in Montana located in central Montana west of the historic mining towns of Philipsburg and Anaconda. It is important to note that Basin Gulch is not affected by the recent proposed political changes affecting the North Fork Flathead Area. This is an area with numerous historic mines, including the legendary mines at the historic town of Butte.

Recently, several conditions have changed to make Basin Gulch an exciting exploration target. Gold prices have increased. Attitudes toward mining have improved in central Montana. Discovery and development of very large and very profitable underground mines, primarily in Nevada, have made formerly disdained underground mines very attractive to mining companies. Dutch recognized that Basin Gulch has major mining potential under current Montana law and had the historic exploration information reviewed by an independent consulting geologist. The geological consultant completed an updated report in January 2010. The report showed a significant increase in the volume of mineralization, using data not previously reported in an area that was historically drilled on fifty and hundred-foot spacings





 DGRI HAS secured a new license and seem ready to make a real run forward.






Earnings Per SharePeriods 2009 2010


March -0.01778 -0.01238

June -0.04102 -0.00361

September -0.03258 -0.00512

December -0.02406


DGRI.PK on PINK OTC MARKETS INC

0.02USD

18 Feb 2011 Price Change (% chg)

$-0.00 (-1.18%) Prev Close

$0.02

Open

-- Day's High

$0.02

Day's Low

$0.02 Volume

3,896,553

Avg. Vol

5,152,625 52-wk High

$0.11

52-wk Low

$0.00


As of December 31, 2009, the milling operating at Grants Pass, Oregon had capacity to produce 330 tons/day. The Company owns the Gold Bug mine at Silver State, Silver Dollar, Oregonian, Bimetallist and United States Lode Claims in Joseph County, Oregon. As of December 31, 2009, the Company had not produced or sold any gold from the Benton Mine.
SummaryName Age Since Current Position



Dienhart, Ewald Chairman of the Board


Hollis, Daniel 58 Chief Executive Officer, Director


Keaveney, Steve 46 2010 Chief Financial Officer, Director


Rosmarin, Lance 46 1996 Secretary, Director


Debor, Wilhelm Director

» Insider TradingBiographiesName Description


Dienhart, Ewald Mr. Ewald J. Dienhart has served as Executive Chairman of the Board of Dutch Gold Resources, Inc. Mr. Dienhart has experience in real estate development, corporate finance and mining development. His project developments in Germany since 1983 have been valued at over 2 Billion (DM). In North America, his real estate development projects include the construction of 22 factory outlets. His interest in mining is focused on the reactivation and financing of promising natural resource properties.


Hollis, Daniel Mr. Daniel W. Hollis has served as Director and Chief Executive Officer of Dutch Gold. He brings thirty years of corporate finance and management experience to the Company. He is a seasoned entrepreneur with a background in venture capital, private and public company funding. His experience includes turn around situations, and development of fast growth management teams for special situations. He has served as an officer and adviser to numerous private and public growth companies. Mr. Hollis served as Registered Principal of Investacorp, Inc., a NASD broker-dealer, where he had supervisory responsibilities for the State of Georgia. He is a member of the National Association of Investment Bankers.s


Keaveney, Steve Mr. Steve Keaveney, CPA is the Chief Financial Officer, Director of Dutch Gold Resources, Inc. He brings 24 years experience in finance and business development. Mr. Keaveney, a CPA, began his career as an auditor at Deloitte & Touche. He received a B.A. in Accounting from Villanova University and holds an M.B.A. from Pepperdine University. Early in his career, Mr. Keaveney built a cable television company in Ireland, beginning with one small system, eventually acquiring another 27 systems. In 1999, after ten years, the last of which were spent as CEO, Mr. Keaveney was able to sell the company to Liberty Media, Inc. for $100,000,000. He has subsequently acted as CFO or CEO or both for public and private companies.


Rosmarin, Lance Mr. Lance Rosmarin has served as Secretary and Director of Dutch Gold Resources, Inc since July 22, 1996. He has served as Secretary and a Director of the Company since July 22, 1996. He has held various executive positions with, and Board seats on public companies over the past fifteen years. Mr. Rosmarin received a Bachelor of Science Degree in Finance and Marketing from the University of Texas in 1985, and an MBA Degree in Finance from the University of Texas in 1988.


Debor, Wilhelm Dr. Wilhelm H. Debor has served as Director of Dutch Gold Resources, Inc. Dr. Debor is an accomplished attorney, with background in finance. Since the beginning of his career, Dr. Debor has held progressively more responsible positions with Swiss Bank Corporation and Chase Manhattan Bank. He was responsible for Credit for Commercial Real Estate with Deutsche Bank Group until 1990 when he joined DePfa Bank Group in Frankfurt, Germany where he served until 2000. Subsequently he has been the principal in Debor Consulting, advising on corporate and real estate transactions.


(Pink Sheets:DGRI) (the "Company") ( http://dutchgold.com ) today announced that it would begin the previously announced drilling program the week of February 21, 2011.



The Company received an authorization to proceed from State of Montana Department of Environmental Quality ( http://deq.mt.gov ) for its Basin Gulch project on Tuesday. The authorization to proceed follows the crediting of Company funds for a required reclamation bond by the State.
"We look forward to working with all of the stakeholders in the Basin Gulch area. Dutch Gold is committed to responsible operations. We are contracting with a highly skilled drilling team that has extensive knowledge of the area, and respect for the land," said Daniel Hollis, CEO.



Dutch Gold Resources, Inc. is engaged in the acquisition and development of gold properties in North America. The company's strategy is to focus on overlooked resources that can be brought into
production over two to three year timeframe. The Basin Gulch project in Montana, the Jungo property northwest of Winnemucca, Nevada, and the Gold Bug Mine in Oregon comprise the Company's current stock. The Dutch Gold Resources management team is composed of seasoned professionals with decades of experience in geology, and in mergers and acquisitions, as well as corporate finance.



Forward-Looking Statements


This press release contains forward-looking statements that reflect the Company's current expectation regarding future events. Actual events could differ materially and substantially from those projected herein and depend on a number of factors. Certain statements in this release, and other written or oral statements made by Dutch Gold Resources, Inc. are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors, which are, in some cases, beyond the Company's control and which could, and likely will, materially affect actual results, levels of activity, (5 gm) .999 Fine Gold Bar - (With Assay Card)
"When we reported on the Basin Gulch resource earlier this year, Dutch Gold management believed that the market would find the size of the deposit to be of interest. With gold hovering near $1,400 per ounce, the project is attracting attention from large and small investors alike. Our expectation is that we can begin to unlock the value in Basin Gulch early in 2011, and that the components to grow the project may be available in the near future," observed Mr. Hollis. A copy of the Basin Gulch report can be found on the Company website.Dutch Gold Resources(ticker:DGRI) has quickly become number 1 on "top 15 active stock market forums.Investors have begun to take notice of undervalued gold stocks such as Dutch Gold Resources in light of the leverage to gold this company can provides for investors.


The company has recently updated their NI 43-101, a third party evaluation, on the 100% owned Basin Gulch property significantly raising resources. Third party evaluation has confirmed above average gold mineralization with data from the property.

"GEMCOM results... yielded a combined proven and probable gold and gold-equivalent silver resources... 2,803,970 ounces gold"

Also from the third party evaluation-

"because all drill holes and all the assays were not used for these calculations, and both estimates are open in all directions, these volume estimates SHOULD BE VIEWED AS THE LOW END OF THE TOTAL GOLD present on the site."fully explored to depth which could reveal even more gold. Basin Gulch, however, is not the only property Dutch Gold Resources has at their disposal for gold production. The company also has the 100% owned Jungo Property in northern Nevada, which is set for a completed NI 43-101 sometime early next year. A description from the company website-


"The Jungo property contains extensive exposures of brecciaed and silicified Paleozoic sedimentary rocks in contact with Tertiary volcanic rocks to the north and east. Surface samples from the property were anomalous in gold and silver, with several samples assaying better than 0.1 opt gold, and one sample greater than 0.6 opt. "

The companies' 100% owned 330 tons per day capacity mill, using the lower figure of .1 opt, could produce 33 ounces of gold per day at 330 tpd x .01 opt. If the mill is operated at 340 days per year, the company can bring in revenue of at least $14,586,000 per year and this estimate could be low as many wall street gurus such as Jim Rickards are calling for gold to steadily climb upwards possibly as high as $10,000 oz.

Dutch Gold Resources offers an amazing leverage to this gold rush by providing shareholders with a high number of ounces of gold in the ground per share. The company currently has only 198M shares outstanding with a very low float of 90M shares.

It's 100% owned properties give investors .014 ounces of gold in the ground per share, this equals $182 of gold per share at $1300 gold.

The current share price as of last Friday, November 12th is just less then 3 cents at .028. At this current price, the market values Dutch Gold Resources at only $4 million dollars. This is incredibly low given their proven and probable assets of 2,803,970 ounces gold and growing with new drill results coming in the first quarter of 2011.

2.8M oz. of gold at $1300 per oz.= $3,640,000,000

After expenses and taxes, this still gives the company a possible billion dollar profit from their gold holdings, and that could be low given the bullish future of gold! If the market valued this company at just 10% of their gold holdings, you could see share price reach as high as $1.50 in the coming months.

There have been companies recently, with 2-3 times as many outstanding shares, make 1000-2000% gains after being in a position similar to Dutch Gold Resources.This resource update significantly increased the size and quality of the Basin Gulch deposit. The gold resource remains open for Basin Gulch project in all directions. We are enthusiastic about the potential for future discovery, both in the discovery . There is a huge risk with this stock , however there is alot of promise and could make you mad money !doing a little research just came across this article.. shamika gold use to be AGDI and is now trading under SHMX. Trading at .39cent.. DGRI owns 5 million shares..


looked interesting.. Also seems like we should be getting results of the jungo project this month..•The company has taken steps to leverage its other assets with the spin-off of AGDI, retaining 5.5M shares of AGDI stock


•DGRI has increased the depth and caliber of its management team over the last twelve months, positioning the Company for rapid growth

 buy em while it's still cheap Buy, Buy, Buy ....................

Gold Prices Set Daily Record Highs ? GSD , Gold !

The 2009 gold rush continues as high demand and smaller supplies send gold to yet another record high. The price climbed over $130 per ounce, pushing it up 30% for 2009. Gold has gone up from around $300 an ounce in early 2000, to it's lofty levels over the weekend. Clay Teague with Scotsman Coin and Jewelry says they are seeing an added interest in gold among investors in the St. Louis area. "(Gold) is proving to be a stable investment as time goes on. As demand increases and supplies stay low, it appears this price trend will continue."

The weak dollar is also helping push up the price of gold. Investors are fleeing from the dollar and putting money in precious metals to hedge against inflation. Gold market analysts are saying that $1300 an ounce is a possibility for gold as the world recession stretched into 2010. Platinum also hit a record over the weekendCentral banks will be net buyers of gold this year as they diversify away from the U.S. dollar, marking a reversal of a decades-old trend, global commodities investment fund BlackRock said on Monday in comments that helped drive bullion to fresh record highs.


Investment in gold by central banks has picked up recently, with India buying 200 metric tons from the International Monetary Fund, and Taiwan's central bank is studying whether to raise the amount of gold in its forex reserves, with China and South Korea also debating the issue.


BlackRock is one of the world's largest fund managers, boasting a total US$1.4 trillion under management across all asset classes. It is manager and adviser to the U.S. Federal Reserve and its views can influence the direction of global markets.


Evy Hambro, who runs two of the world's largest commodities funds, BlackRock World Mining Fund and Gold & General Fund, gave an upbeat outlook for gold during a media briefing in Australia.


His forecast for net central-bank purchases of gold this year would, if met, mark the first year in two decades when the world's central banks bought more gold than they sold. They have been net sellers each year since 1988.


Gold stored in central banks worldwide has dropped more than one-sixth since 1989.


"The most recent break-out in the gold price in U.S. dollars has caused most gold prices to start trending higher at the same time," Hambro said, adding that investors were now looking for gold to rise in other commodities as well as U.S. dollars.


"When you start to see the price rising in a range of different currencies, it is a clear sign of a very strong market to come," he added.


Spot gold stood at US$1,123.70 by 9:16 p.m. EST after touching US$1,126.30 per ounce, a record, versus the notional New York close of US$1,118.50, helped higher by Hambro's bullish outlook, according to financial broking group IG Markets.


Bullion has been on an upward spiral as a hedge against the U.S. dollar's weakness and rising inflation risks, traditional reasons to lap up gold.


Based on the dollar index of major currencies, the U.S. dollar has dropped 7.5% this year versus a 33% rise in the U.S. dollar gold price.


In other currencies, gold has not reached new highs since early 2009. In Australian and Canadian dollars and the South African rand, it peaked in February.


But Hambro said investors were now "looking for price rises across all currencies" as central banks built up their gold holdings and global supplies tapered off.


"Gold's role is gathering a lot more attention in terms of risk diversification," he said.


By 1999 central bank selling was so commonplace that the big European banks signed a pact capping sales at 400 metric tons a year to keep the price from collapsing.


It worked. Gold has gone up just about every year since.


Hambro also said the high level of gold production in China, which has replaced South Africa as the world's biggest producer, was not sustainable, pressuring world supply.


China's output rose 13.49% in the first half of 2009 from a year earlier to 146.505 metric tons, according to the Ministry of Industry and Information Technology.


China is widely assumed to be buying domestic gold production after revealing in April it held 1,054 metric tons of gold, a jump of 76% from its last word on the subject six years earlier.


The Reserve Bank of India last month bought 200 metric tons of gold from the International Monetary Fund, and Sri Lanka's central bank governor told Reuters this month his bank had been buying gold for the past five or six months.


But not all banks are trading foreign currencies for gold.


Korea has the world's sixth largest foreign exchange reserves but ranks 56th in terms of gold holdings. Its governor has said it would not be easy for the bank to suddenly increase gold holdings because of the market impact.


Japan has kept its gold reserves steady at 24.6 million troy ounces since mid-2001. The Royal Bank of Australia has not bought any gold since selling two-thirds of its reserve in 1997.


Hambro also said U.S. demand for commodities was starting to show signs of recovery. This, along with stronger Asian demand, set the stage for a prolonged bull market, he added.




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