Thai Guru's Gold und Silber ... (Informationen und Vermutungen)

  • Just zur rechten Zeit, kommen sie wieder die Reuters Meldungen mit Plänen zu RIESIGEN GOLDVERKäUFEN!!!


    Der Vorschlag stammt von Gordon Brown, dem Mann, der die Engländer vom grössten Teil ihrer physischen Gold Bestände, mittels diverser Auktionen, begonnen just auf dem 25 Jahres Gold Tiefpreis Nivau, befreit hatte .


    Die damaligen Prospekte und Auktionsbedingungen, der Bank of England waren meiner Ansicht nach mehr als nur fragwürding.


    Laut den allgemeinen Bedingungen, erhiehlt nicht etwa der Bieter mit dem Höchsten Gebot den Zuschlag fürs Auktions Gold.


    Auch wurden die angeblichen, oder wirklichen Käufer dieses Goldes nicht namentlich erwähnt.


    Diejenigen unbekannten Bieter dieses realen, oder fiktiven physischen britischen Goldes, die den Zuschlag erhielten, mussten den Prospekten zur Folge den Auktionspreis für das Gold nicht etwa an die Bank of England überweisen, was eigentlich sehr nahegelegen hätte. Nein, das Geld musste damals innert einiger Tage, ich glaube es waren 5, auf ein Konto bei der FED einbezahlt werden.


    Genau dieser Mister Brown der die Engländer einen erklecklichen Teil ihres Vermögens gekostet hatte, durch seiner Goldverscherbelungs Auktion, die damals selbst bei einigen Gold Bugs massive Selbstzweifel aufgelöst hatte, und einen weltbekannten Wellen Spezialisten zu einer Aussage "Gold fällt auf 200.- pro Unze"veranlasst hatte, einige Idioten sprachen damals im W:O Gold Board sogar davon, dass Gold bald schon fast wertlos würde. Genau dieser Brown möchte nun kurz nach seinem Stellenantritt beim IWF also bereits schon wieder Gold verkaufen!


    Diesmal unter dem nicht sehr glaubwürdigen Deckmantel eines Schuldenerlasses für die äermsten Länder dieser Erde.


    Er braucht so viel ich mich errinnere, mindestens 80, oder 85% Zustimmung der einzelnen Mitgliedsländer des IMF, um seine Gold Verkaufspläne in die Tat umzusetzen.


    [/SIZE][/B]Schätze mal, Brown kriegt die Mehrheit ebenfalls nicht zusammen. Das haben vor ihm schon andere vergeblich versucht.


    Doch dem Goldpreis könnte das Gespräch um diese "geplanten" Verkäufe aus den riesigen Goldbeständen des IMF, die in Wirklichkeit physisch höchswahrscheinlich schon längs nicht mehr vollständig vorhanden sind, einiges an Schaden anrichten.


    Bereits 1999 wurde dem IMF gestattet 14 Millionen Unzen Gold für wie es hiess sogenannte OFF MARKET Geschäfte zu tätigen. Der IMF hat in der Vergangenheit Zentralbanken (GATA liegen die schriftlichen Bewise dazu vor) angewiesen ihre ausgeliehenen Gold Mengen, in ihren Bilanzen so aufzuführen, als wie wenn sie noch wirklich physisch vorhanden wären.


    Dadurch werden heute die wahren Mengen an noch vorhandenem physischen Zentralbank Gold verschleiert.


    Ich vermute diese geplanten IMF Gold Verkäufe sollen, falls sie denn bewilligt würden, was ich bereits wie gesagt, als eher unwahrscheinlich erachte, dazu verwendet werden etwas die physischen Gold Löcher bei den Zentralbanken Gold Beständen zu stopfen.


    Es gibt vermutungen einzelner Gold Analysten, wie z.Bsp.Bill Murphy, die davon ausgehen, dass der IMF bereits bedeutend mehr Gold verliehen hat, als er bereit ist zuzugeben.


    Trotzdem sollte eine allfällige Bewilligung und Bekanntgabe von Goldverkäufen des IMF nicht überbewertet werden, weil selbst die gesammten Gold Bestände des IMF, falls sie überhaupt noch wirklich vollständig physisch vorhanden wären, gerade einmal dazu ausreichen würden, um ein bereits heute bestehendes Gold Produktionsdefizit von ca. 1500 Tonnen Gold, zwei Jahre lang auszugleichen. Wenn ich einmal davon ausgehe, dass die Hälfte bereits schon physisch weg ist, würden die IMF Verkäufe gerade nur dazu herhalten ein Jahres Produktionsdefizit auszugleich. Zudem die gesammten Gold Vorräte des IMF verkaufen davon kann Gordon Brown höchstens träumen.


    Gruss


    ThaiGuru


    [Blockierte Grafik: http://wwwi.reuters.com/comX/images/reuters.gif]


    Rato says willing to look at revaluing IMF gold


    Thu Sep 30, 2004 11:32 AM ET

    WASHINGTON, Sept 30 (Reuters) -


    The head of the International Monetary Fund said on Thursday he was willing to look at the possibility of revaluing the global lender's massive gold stocks, but noted that ultimately it was a decision for IMF shareholder governments.


    British finance minister Gordon Brown, who chairs the IMF's top policy-setting group, has proposed that the IMF's gold reserves be revalued to raise money for debt relief for the world's poorest countries.


    In his first comments about the plan, IMF Managing Director Rodrigo Rato told reporters that the IMF had authorized off-market transactions of gold in 1999 and he was willing to analyze what it would mean for the fund.


    Under a 1971 agreement, most IMF gold is valued at just $40 an ounce, or one-tenth of current market prices. The IMF holds 103.4 million ounces of gold, one of the biggest gold stocks in the world, which is valued on its balance sheet at $8.5 billion.


    Global development group Oxfam has estimated that revaluing the IMF gold would raise around $32 billion for debt relief.


    In 1999, the IMF board authorized off-market gold transactions of up to 14 million ounces to help finance the fund's participation in a global debt relief initiative for heavily indebted poor countries.


    "Of course it depends on the willingness of members of the fund on the executive board," Rato told a news briefing before the fall IMF/World Bank meetings in Washington.


    "For the time being the executive board has not discussed this issue and of course as management and staff we stand ready to analyze the possible outcome if we get the mandate by the board to do it," he added.

  • @ Thaiguru


    Ja...die 6 Dollar Regel....aber 10 mal 6 sind bekanntlich 60....


    Ja, das sieht verdammt gut aus! Die Richtung stimmt...nun wird der Angriff auf die 431$ kommen...


    Ich bin mir ganz sicher, das neue Meldungen des Goldcaballes auftauchen werden, doch es wird nichts nützen, nur etwas die Zeit aufhalten... doch wir haben alle Zeit der Welt...nur die andere Seite...den läuft nicht nur die Zeit weg, nein viel schlimmer... der POG...


    Und wie heißt es doch so schön? Gold ist Geld!

  • ThaiGuru,


    kannst Du die 6-$ Regel genau definieren.


    Wir haben es im Thread "6 $ Regel" zu klären versucht, sind aber zu keinem Ergebnis gekommen, das mit Murphy übereinstimmen würde. Tatsächlich ist der Goldpreis in diesem Jahr schon mehrmals über 6 Dollar gestiegen.

  • Ulfur


    Nun die Bill Murphy "6 Dollar Regel" ist einfach zu erklären.


    Er sagt, dass oft vom Gold Kartell ein Preisanstieg in der Region von ca. 6 Dollar abgeblockt wird. Sagen wir mal Preis Anstiege in der Bandbreite von vielleicht 5 und 7 Dollar pro Tag. Bill Murphy meint damit nicht einen Anstieg von haargenau 6 Dollar, sondern meint eine gewisse Preisanstiegs-Bandbreite. Was er sagt ist, dass durch die Kappung von Preisanstiegen sehr oft verhindert wird, vielfach noch kurz vor Gold Handelsschluss, durch im Vergleich zum vorherigen Papier Gold Handelsvolumen an der Comex, überproportionalen hohen Verkäufe an Gold Kontrakten, der Preis gekappt wird. heute waren es im Höchst ein Plus von 6.40 Dollar, danach in den letzten 17 Minuten wieder massivster Verkaufsdruck, und es war nur noch ein Anstieg von 5.60 übrig.


    Im für uns negativen Falle, wenn die Gold Preise stark nachgeben, fallen die Goldpreise eher seltener nur in einer Bandbreite von 5 bis 7 Dollar, sondern vielfach gleich um 8.- 10.- 12.- 15.- 20.- oder noch mehr Dollars, manchmal sogar innerhalb von einer halben Stunde, obwohl dabei oft auch starke unterstützungs Marken nach unten überwunden werden müssen.


    Die wenigen Fälle bei denen Gold in den letzten zwei Jahren einen Preis Anstieg von mehr als 6 Dollar vorzuzeigen hat, kannst Du vermutlich an Deinen beiden Händen abzählen.


    Mir ist nicht bekannt was Du Ulfur zusammen mit anderen Usern in Eurer Diskussion zu dieser "6 Dollar Regel" rausgefunden habt.


    Was ich selbst anhand von längerfristigen Gold und Dollar Charts ebenso feststellen kann ist pauschal gesagt folgendes:


    Dollar Kurs runter, Gold steigt wenig!


    Dollar Kurs hoch, Gold fällt stärker!


    Das kanst Du einfach feststellen wenn Du einen Jahres Gold, und Dollar Kurs Chart übereinander legst und vergleichst.


    Im weiteren


    Goldpositive Meldung, Gold gar nicht, oder nur schwach hoch!


    dann aber eben:


    Goldnegative Meldung, Gold sofort stark, oder massiv runter!


    Gruss


    ThaiGuru

  • Rechtzeitig zum Denver Goldforum zog der Preis des edlen Metalls auf fast 410 US-Dollar je Unze (31,1 gr) an. Der Anstieg ließ das Interesse an den Präsentationen der vertretenen Produzenten und Explorationsgesellschaften auf der viel beachteten Gold-Show (26. bis 29.9.) umso größer ausfallen.


    Viele Analysten gehen von einem eher sinkenden US-Dollar gegenüber dem Euro und dem Yen aus. Dies spricht dafür, dass der Goldpreis in US-Dollar weiter stark bleibt. Die Notierung des wertvollen Metalls bildet nun auch einen leichten Aufwärtstrend in Euro aus - ein Indiz für die fundamentale Stärke des Goldes. Investoren sollten in etablierten Minenaktien wie der australischen Newcrest Mining (ISIN: AU000000NCM7) oder der kanadischen Placer Dome (CA7259061017) engagiert bleiben. Auch Titel der zweiten Reihe wie Eldorado (CA2849021035) und Centerra Gold (CA1520061021) sind bei steigendem Goldpreis aussichtsreich.


    Quelle: FocusMoney 41/2004, S.27

  • Ahhhhhhhhhhhhjjjaaaaaaaaaaaaaa.......toll die six dollares rule......und wer kam auf den Blödsinn.


    Als gold mal richtig stieg gab es limit up........und am nächsten Tag zum opening nochmal 50 drauf.


    Träumt weiter und leckt................................


    Du bist doch keinen Tropfen elektronische Tinte wert.

    Plutonia lebe hoch und Gold ahoi

  • @option: dich hatte ioch glatt übersehen............naja Fliegenschiss auf dem Monitor kann man ohne Brille schlecht erkennen.


    Wir werden uach noch diskutieren............garantiert.


    Btw..........bei euch bin ich wirklich zu faul Tastaturfehler zu entfernen,da ist mir meine Zeit zu schade. :P :P :P

    Plutonia lebe hoch und Gold ahoi

  • Zitat

    Original von PatroneLupo


    Btw..........bei euch bin ich wirklich zu faul Tastaturfehler zu entfernen,da ist mir meine Zeit zu schade. :P :P :P


    ... dann frage ich mich aber allen Ernstes, was du hier noch machst. ?(

  • Ich bin das schlechte Gewissen der GURUS .


    Eine Standuhr braucht auch ein Gegengewicht um zu funktionieren.


    Irgendjemand muss ja das Gold und die Aktien kaufen und vice versa.


    Jeder hält dabei den anderen für einen Dummkopf.....es ist wie Schwarzer Peter spielen.


    Schau ...in OZ sollten heute die Minen hüpfen......nichts....das war zu wenig......also red herring alert.



    Aber von Märkten habt ihr keine Ahnung......den ganzen Chartscheiss kannst du vergessen......die tollen Linien werden immer nachher mit Begründung geliefert.


    Bei Gold zählt momentum und vielleicht noch stochastik.


    Und das Gefühl......aber das bekommen so Lemminge wie ihr nicht.


    @ Katerchen: erkläre das doch mit den Explorern genauer.....wieso sind das Optionen die nie verfallen können........würde meinen Horizont aufhellen.

    Plutonia lebe hoch und Gold ahoi

  • [Blockierte Grafik: http://www.finanznachrichten.d…boerse-nachrichten-s1.gif]


    http://www.finanznachrichten.d…04-09/artikel-3904835.asp


    Freitag, 1. Oktober 2004


    30.09.2004 21:59:


    Gold, Silber u. Kupfer weiter im Aufwind


    Dezember Gold Future ist am Donnerstag um $5,7 auf $420,40 je Unze gestiegen. Dies stellt das höchste Niveau seit fünf Monaten dar. Zugleich hat Dezember Kuper Future mit $1,396 je Pfund auf dem höchsten Stand seit März 2004 geschlossen. Dezember Silber Future zog um 24,3 Cents auf ein 1-Monats-Hoch von $6,938 je Unze an. Die gestiegenen Notierungen werden mit der weltweit hohen Nachfrage aus der Industrie begründet.

  • Bema Gold Corporation Exercises 3.9 Million Warrants of Victoria..

    2003/10/01 13:33:01


    [B]Resource Corporation


    VANCOUVER, BRITISH COLUMBIA, Oct 1, 2003 (CCNMatthews via COMTEX) -- Bema Gold Corporation ("Bema") announces that it has exercised 3,902,000 warrants of Victoria Resource Corporation ("Victoria") at an exercise price of CDN$0.20 cents per share for gross proceeds to Victoria of CDN$780,400.


    Bema previously held 8,216,357 common shares of Victoria representing 29.82% of Victoria's issued and outstanding share capital. The 3,902,000 common shares acquired through the exercise of warrants, together with Bema's prior shareholdings result in Bema owning a total of 12,118,357 common shares representing 38.52% of Victoria's issued and outstanding common shares.


    Victoria will use the proceeds from the exercise of these warrants for general corporate purposes and drilling on the Mill Canyon property which spans approximately three quarters of the known width of the northwest striking Battle Mountain Gold belt that cuts across the Cortez Mountains in northern Nevada. The main break within the Mill Canyon property is the northwest extension of the "Horse Canyon Corridor" which hosts the Horse Canyon mine and other active exploration drilling areas to the southeast. To the northwest, at an estimated 4 to 8 hundred metres from the western edge of the Mill Canyon property is the 5.5 million ounce, Cortez Hills resource recently discovered by Placer Dome. According to Placer Dome, the Cortez Hills resource occurs within the Cortez Corridor and is a disseminated gold resource in oxidized limestone or crystallized limestone. This presents a priority for the early stages of Victoria's exploration program so that an assessment of its possible extension into the Mill Canyon property can be made. The proximity of the old Cortez Mine, the Horse Canyon Mine and new discoveries such as Cortez Hills demonstrates the excellent potential of the Mill Canyon property. Victoria plans to commence a drill program at Mill Canyon in the fall of 2003 pending the receipt of drill permits.


    On behalf of BEMA GOLD CORPORATION
    Clive T. Johnson, Chairman, C.E.O., & President
    On Behalf of VICTORIA RESOURCE CORPORATION
    Roger T. Richer, President


    CONTACT: Bema Gold Corporation and Victoria Resource Corporation Investor Relations (604) 681-8371 or Toll Free: 1-800-316-8855 Website: http://www.bema.com



    Copyright (C) 2003, CCNMatthews. All rights reserved.



    NEWS RELEASE TRANSMITTED BY CCNMatthews -0-


    INDUSTRY KEYWORD: MNG - Mining SUBJECT CODE: FNC - FINANCING AGREEMENTS
    01-Oct-2003 13:32

  • DAS ist, was wirklich zählt:


    http://www.321gold.com/editorials/russell/russell100104.html
    (...)


    I want to say something about owning gold and gold shares. Personally, I have an easier time owning gold over gold shares. Wife Faye, who has a different personality, has no trouble holding gold shares, and she has held many for years.


    I don't view gold, the metal, as a trading vehicle or something akin to stocks. I view gold as pure wealth. The economic world can roll over on its fannie, my house can burn down, any stock can crash and burn (think MRK) -- but gold as wealth is as old as civilization. Gold is pure wealth -- it was wealth in 2000 BC, it was wealth in the 1400s and the 1600s, and it's wealth today. The people at the Fed may tell you that gold is just an ancient "relic," but gold will be accepted as wealth when these yo-yo's at the central banks are gone and forgotten along with the whole un-Constitutional Federal Reserve system and its currency-printing operations.


    Did you hold on to your golds as I begged you too? You did -- good. You didn't -- damn. But it's never easy to sit through a bull market. At this point I believe most of the gold speculators and in-and-out traders have traded out of their golds. Ah well, nobody said it would be easy.


    For the rest of us -- sit tight.


    more follows for subscribers . . .


    Richard Russell

    "So wie die Freiheit bleibt Gold nie lange dort, wo es nicht geschätzt wird."
    J.S.Morill in einer Rede vor dem U.S.-Senat am 28.01.1878.

  • Bema Gold Corporation: 2003 Third Quarter Results (1 of 3)

    2003/10/29 20:40:08


    http://www.amex.com/newsDetail…etails_1067478008957.html


    VANCOUVER, BRITISH COLUMBIA, Oct 29, 2003 (CCNMatthews via COMTEX) -- Bema Gold Corporation ("Bema or the "Company") is pleased to report the results from its operations for the third quarter ended September 30, 2003. All dollar figures are in United States dollars unless otherwise indicated.


    Highlights



    - Produced 70,217 ounces of gold - Revenue of $24.8 million - Cash flow from operations of $8.2 million - Completed successful phase one drill program at Kupol gold and silver property, Russia - Completed Petrex Mine plant expansion - Raised $55.4 million through equity issues



    Financial Results


    Bema reported revenue of $24.8 million for the third quarter 2003 compared to $11.2 million for the same period last year. Cash flow from operations during the period was $8.2 million compared to $8 million for the third quarter 2002. The Company reported a net loss of $3.5 million ($0.011 per share) for the period primarily due to foreign exchange translation adjustments relating to the rand of $2.2 million. In the third quarter 2002 Bema reported a restated net loss of $823,000 ($0.004 per share).


    For the first nine months of 2003, the Company reported a net loss of $8.8 million ($0.028 per share) on revenue of $62.9 million compared to a restated net loss of $1.1 million ($0.007 per share) on revenue of $27.8 million in the comparable period of 2002. Cash flow from operations improved to $10.1 million year to date compared to $8.9 million for the first nine months of 2002. Cash flow from operations in the first nine months of 2002 included $4.2 million relating to an arbitration settlement awarded to Bema during that period. Cash flow from operations for the first nine months of 2003 is mainly a result of lower production costs at Julietta and partly from the acquisition of the Petrex Mines.


    Gold Production


    Bema produced 70,217 ounces of gold during the quarter at an operating cash cost of $234 per ounce and a total cash cost of $252 per ounce compared to 32,665 ounces of gold at an operating cash cost of $95 per ounce and a total cash cost of $126 per ounce during the third quarter last year. Operating costs in the first nine months reflect the acquisition of the Petrex Mines from February 14, 2003 onwards. For the first nine months Bema produced 181,360 ounces of gold at an operating cash cost of $246 per ounce and a total cash cost of $264 per ounce. The higher production costs are primarily due to the strength of the South African Rand versus the US dollar during the period and the expected higher operating costs at Petrex during the mill expansion and through put ramp up. For details please refer to the "Petrex Mines" section of this news release.


    Operations


    The Julietta Mine, Russia (Bema 79%)


    The Julietta Mine produced 32,928 ounces of gold in the third quarter at an operating cash cost of $58 per ounce and a total cash cost of $97 per ounce, resulting in the most profitable quarter to date with the lowest operating costs since the commencement of production. In the third quarter of 2002, Julietta produced 32,665 ounces of gold at an operating cash cost of $95 per ounce and a total cash cost of $126 per ounce. Revenue from Julietta was $10.6 million from the sale of 32,651 ounces of gold sold at an averaged price of $325 per ounce. This is compared to 35,715 ounces of gold sold at an average spot price of $313 in the third quarter 2002 for revenue of $11.2 million. The Julietta Mine continues to perform well and gold production and costs are expected to meet or exceed fourth quarter and annual budget expectations. Management remains confident that the 2003 projected total annual production of 116,000 ounces at an operating cash cost of $110 per ounce will be achieved.


    The Petrex Mines, South Africa (Bema 100%)


    Expansions to the mill processing plant at the Petrex Mines were completed during the third quarter and through put is continuing to improve. During the period, mill through put averaged approximately 175,000 tonnes per month, exceeding forecast by 7%. In the fourth quarter, through put is projected to reach 185,000 per month resulting in lower operating costs.


    Due to the lower tonnage through put during the mill expansion, cash costs for the first nine months of 2003 were budgeted to be significantly higher than those budgeted for the remainder of the year and beyond. In the third quarter the Petrex Mines produced 37,289 ounces of gold at total cash cost of $389 per ounce. The main reasons for the high cash costs were the strength of the South African rand versus the U.S. dollar and the mill ramp up. The South African rand continued to strengthen against the U.S. dollar during the third quarter and gained an additional 4% over the previous quarter. The rand, however was 35% higher during the quarter versus the budgeted rate of exchange (10 Rand to 1 USD). This equates to an additional $102 per ounce to the total cash cost for the quarter. For the remainder of 2003, should the rand retain its strength, approximately 80% of the resulting higher U.S. dollar denominated cash costs will be mitigated by increased revenue realized from the rand denominated gold put options purchased. Over the next six years approximately 70% of expected production is protected by Rand denominated put options. (see "Gold Forward and Option Contracts" section).


    Third quarter revenue from Petrex was $14.2 million from the sale of 35,337 ounces of gold sold at an average realized price of $402 per ounce compared to an average spot gold price for the period of $363 per ounce. The average realized price benefited from the exercise of rand denominated gold put options having a strike price of 3,000 rand per ounce.


    Bema completed the acquisition of the Petrex Mines on February 14, 2003. Production from the first seven and one half months from the date of the acquisition was 93,734 ounces of gold at total cash costs of $375 per ounce which was better than budget based on the budgeted conversion rate of 10 rand to 1 U.S. dollar


    The Refugio Mine, Chile (Bema 50%)


    During the third quarter of 2003 and nine months ended September 30, 2003, the Refugio Mine recovered 2,431 and 10,239 ounces of gold, respectively, from residual leaching operations which have substantially outperformed the budget estimates. All revenue from gold recovered is credited to Refugio care and maintenance costs. Gold and silver recoveries will begin to increase again in October when different leaching areas are brought on line as the Chilean summer begins.
    When mining was suspended at the Refugio Mine in June 2001, due to low gold prices, there were four years of reserves remaining at the Verde deposit. The Company and its joint venture partner agreed to consider recommencing production at Refugio when the gold price recovered to $325 per ounce. Bema's joint venture partner completed an extensive drill program in May 2003 with the goal of increasing reserves and thereby extending the projected mine life. The drilling program has been successful, extending ore grade mineralization well below the previously projected pit bottom. Based on the recent drill program, updated independent reserves are being calculated. Management believes this will result in an increase in reserves and significantly extend Refugio's mine life. A new reserve calculation and production decision for Refugio is expected in the fourth quarter of 2003.


    With the inclusion of the Company's 50% share of the Refugio Mine production, the Company's projected annual production (based on the original Refugio development plan) would increase by an additional 115,000 ounces to approximately 400,000 ounces of gold.
    The Kupol Project, Russia (Bema 75%)


    Bema has recently concluded a successful phase I drill program at Kupol. From these results, the Company plans to publish an initial geological resource estimate for Kupol by the end of the fourth quarter 2003. Furthermore, based on the exploration results to date, Bema intends to fast track the development of the Kupol Property. The Company is currently procuring equipment and supplies to be shipped to site for accelerated feasibility and development work to be conducted in 2004. The equipment includes three additional drill rigs, earth moving equipment and additional camp facilities to increase the camp capacity.
    The planned exploration and development program at Kupol in 2004 will include approximately 55,000 metres of drilling to further explore the property and conduct infill drilling. The program will also include construction of a runway for fixed wing aircraft, earth works for mine and mill facilities, geotechnical and condemnation drill programs, final metallurgical test work, and procurement of equipment for 2005 construction.


    The Cerro Casale Deposit, Chile (Bema 24%)


    The Alderberan Property, which hosts the Cerro Casale deposit, is held by Compania Minera Casale ("CMC") a Chilean contractual mining company owned indirectly by Placer Dome Inc.(Placer) (51%), Arizona Star Resource Corp. (25%) and Bema (24%). A feasibility study completed by Placer Dome Technical Services, in January 2000, has outlined a reserve of 23 million ounces of gold and 6 billion pounds of copper. The feasibility study contemplates a large scale open pit gold copper mine assuming a gold price of $350 per ounce and a copper price of $0.95 per pound. According to the feasibility study, Cerro Casale is projected to produce 975,000 ounces of gold and 130,000 tonnes of copper per year over the 18 year mine life. Cash production costs are estimated to be less than $100 per ounce of gold with total costs estimated at $203 per ounce of gold (assuming credits for copper at $0.95 per pound). Based on the feasibility study for Cerro Casale the Net Present Value of the project, at a 5% discount, is $736.2 million.
    During 2001, CMC secured sufficient water rights to build and operate a plant as envisioned in the feasibility study. In March 2002, CMC received formal approval of an Environmental Impact Study from the Chilean regulatory authorities (COREMA). Given the recent improvement of both gold and copper prices during the first nine months of 2003, the joint venture partners have scheduled meetings to discuss upgrading the feasibility study and the financibility of the Cerro Casale project.
    The Monument Bay Project, Manitoba (Bema 70%)
    During the third quarter Bema commenced a 7,500 metre, 30 hole, drill program at


    (1 of 3)
    29-Oct-2003 20:36

  • [Blockierte Grafik: http://www.goldseek.com/news/LemetropoleCafe/lmpc.jpg]


    http://www.lemetropolecafe.com


    September 29 - Gold $418.40 up $5.80 - Silver $6.90 up 25 cents


    Gold, Silver, And The Shares Take Off


    Zitat

    Don’t let the opinions of the average man sway you. Dream, and he thinks you’re crazy. Succeed, and he thinks you’re lucky. Acquire wealth, and he thinks you’re greedy. Pay no attention. He simply doesn’t understand...Robert G. Allen


    GO GATA!!!


    It is catch as catch can for the MIDAS commentary until I return from my triangular journey to the Jersey Shore and then to Toronto for a speaking engagement at Joe Martin’s gold conference Monday afternoon. My lap top doesn’t have the same capability as my computer at home. Six years old. Have to get a new one. Might not have the time either to return as many emails as I normally do.


    The Café Sentiment Indicator works again. It has finally started to move up to a 4 or 5, yet has a LONG way to go. What is significant in my book is that it was so lousy for so many months, which I constantly brought to your attention. Like a market which has built a broad base, this tells me the gold and silver moves up will be that much grander this time as the persistent lack of investor interest suggests there is that much more to finally show up during the months to come. Just when investors should have been paying the most attention by doing their gold and silver homework, they ran away in droves. Isn’t that always the way? Once gold takes out $430 for good, gold will be the talk of the town and The Café Sentiment Indicator will soar to 9 and 10.


    Gold came in a couple of bucks higher following a weaker dollar across the board. It then took off from there for all the right reasons. As you know MIDAS has been pounding the table for a month about the stunning gold “10+++++” fundamentals, ones which continue to improve even more on a weekly basis.


    Only the antics of The Gold Cartel has kept gold from taking out $430 and $500 per ounce. This what is so infuriating. People get excited when gold jumps $5 or $10, when it should be hundreds of dollars higher in the first place, if it were not for the fraud.


    The funds are taking on The Gold Cartel once again. The open interest rose 4941 contracts to 271,106. It probably jumped 10,000 contracts today. The crumb bun crooked cabal is gearing up to do all they can to keep the lid on gold. Same stinkin’ drill. It is so obvious and so nauseating. That’s the stale bad news. The good news is this is just is what is going to happen when gold blows $50 higher in only a few days trading. We WILL get our long awaited Commercial Signal Failure, which is when the commercials get shorter and shorter, gold explodes, and the shattered bums are carried out on GATA’s stretchers.


    The gold fraud must end this way because as the gold price rises the funds are going to be long and getting longer, like today. The specs are not going to go short into a move like this.


    Will The Gold Cartel go down for the count on this run-up? All depends on whether they can find enough physical to hold back the tide. They won’t give up without a grand fight.


    Some highlights of the day:


    *Gold closed on its highs for the session going into the close, which suggests the bad guys had enormous difficulty with their price-capping. A fund bought 2,000 lots on the bell, taking out the offer to end the Comex session. Nevertheless, the $6 Rule is still alive and well.


    *Silver sure took off, adding more credence to the information brought to your attention from the Café’s English silver source (via my Stalker source). Silver has gone nearly straight up since this source informed us of the incredible tightness in Europe. The silver open interest jumped 1828 contracts to 85,724, which is still very low. Room for a great deal more specs to pile in.


    The floor didn’t like the quality of silver buying yesterday or today. With the open interest so small, maybe the better quality buyers will come in after the open interest takes out 100,000 contracts?


    *The silver Comex warehouse stocks fell sharply to 107,789,094 ounces, down 1,369,147, a new low for the move. More good news in that the drop suggests the silver supply situation is as tight as MIDAS has been reporting for weeks.


    Tim Leleux of North Yorkshire, UK lets us know:


    Today's transfer means that there is just over 45m oz left in the eligible (for sale) category or 9,070 contracts worth - anyone with a spare $310m could clean them out!


    *The CRB continues act as if it wants to go MUCH higher, finishing the day at 285.01, up .61. We are now at multi-decade highs, right there. Only the tepid action in the grains and beans is holding it back from blowing through those highs. Crude oil closed at 49.64, up 13 cents. Copper briefly took out $1.40 and closed higher once more.

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