Gulf Ethanol - What is it all about?

We are pressed for time today, so there will not be a detailed post. However, we have noticed that a Pink Sheets company call Gulf Ethanol (GFET.PK) has been doing a great deal of advertising regarding the stock of their company, which interests us. Is it a worthy company? Is this another pump and dump? We will be taking a look at this company, which now trades at $1.45, over the next few days...stay tuned.

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GoldSpring still worth looking at

On December 22, 20007, we posted a blog where we thought GoldSpring (GSPG) was worth a look, at the time the stock was trading at $0.013, it has since traded up to $0.015and as low as $0.010. We still feel the stock is worth looking at.

Here is some news from the company on Jan 3, 2008.
GoldSpring, Inc. (OTC Bulletin Board: GSPG) announced today that the second round of drilling will commence today. GoldSpring performed in-house atomic absorption assays of the first drill holes and they are encouraged by the results. The Company has sent the drill samples to American Assay, an accredited lab, for third party verification. The Company expects American Assay results before month end at which time GoldSpring intends to publish the results from phase 1 drilling.

Additionally, the stock continues to be the most traded stock on the OTCBB with 67 million shares trading hands. The next closest was AKNS at 22 million shares.

Also, YTD the DJ Gold Mining Index is up 8.47%, which is leader so far in this short year. It is followed by the Heavy Construction Index at 5.21%.

We hold no position in GSPG.

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Recession Proof Your Portfolio

If you have read any financial columns in the past month, it appears that everyone and their brother believes we are headed for a recession in 2008. The best that I can figure is that these "so-called" experts believe it will happen in the later half of 2008. The one sure fire way to recession proof your portfolio is get involved in gold. Here is a list of high flying gold penny stocks.

AMUG American Utd Gold Corp
DMDD Diamond Discoveries Intl
AMXG Ammex Gold Mining Corp
SLGR Stallion Group
HVGO Hanover Gold Inc
CUSIF Cusac Gold Mines Ltd
APLL Apolo Gold & Energy Inc

We do not hold positions in any of the above and encourage you to do your own due diligence.

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