SmallCap Sentinel: Revisiting $2,000 Gold Prices

SmallCap Sentinel: Revisiting $2,000 Gold Prices

IRVINE, Calif., Mar 19, 2008 (PrimeNewswire via COMTEX) — “Yesterday’s
announcement that the Federal Reserve cut the fed funds rate by three-quarters of
a percentage point should be interpreted as another bullish sign for gold and
gold companies,” stated SmallCap Sentinel analyst D.R. Clark. “Historically, rate
cuts have signaled a rise in the price of gold, and gold enthusiasts were eagerly
waiting for this news. Of course, despite gold’s stellar charge to $1,000, it’s
still far short of the 1980 high which is equivalent to $2,119.30 an ounce at
inflation adjusted 2007 prices, according to precious metals consultancy GFMS
Ltd. And as this is occurring, savvy small cap gold companies like Colorado
Goldfields (CGFI) are betting on their own soil with the purchase of underground
drills, parts and supplemental equipment for its Silverton, CO operations.”

A report focusing on emerging gold equities has been made available at
http://www.liquidstockreport.com and will address the rise of gold affecting
equities including Barrick Gold (ABX), Goldcorp (GG), Yamana Gold (AUY), and
Colorado Goldfields.

Colorado Goldfields Inc. is a Colorado-based exploration and mine development
company with three past producing gold and base metals mines and a modern ore
processing facility in Colorado’s historically prolific Silverton mining
district. Colorado Goldfields is going back into advanced-stage, historically
productive properties with significant exploration potential and applying modern
geophysics and leading edge exploration tools to re-establish production and
expand the resource base. Colorado Goldfields has acquired the option to earn an
80% interest in three gold and base metals mines — the Gold King, Mogul and
Mayflower.

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representation is made as to accuracy or completeness. This report is neither a
solicitation to buy or offer to sell securities but is rather a paid
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basis for investment decisions. MP is not an investment advisor and this report
is not investment advice. MP has been paid $1,500 by Equity Alliance
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