Beitrag von gold-eagle.com:
http://www.gold-eagle.com/edit…_05/hommelberg040805.html
Summary:
Gold is trading nowhere near an historic high as some experts do suggest. Historical averages do suggest the following prices for Gold as being historic highs in today's environment :
Projected Historic Highs for Gold according to:
DOW/GOLD ratio : +$2000
Gold Long term average : +$1500
Gold/Oil ratio : +$1500
Gold/CRB : +$700
Hi, Eldorado,
entweder ist das Gold zu billig oder der DOW zuteuer zur Zeit?
Gruß hpoth
@ Eldorado,
ganz richtig, wer diese Vola nicht wegstecken kann soll sich lieber Anleihen oder Geldmarktfonds kaufen, Verluste von 30-80% liegen da immer drin bei den Gold-Silbermien aber auch Gewinne von mehren 100% sind auch drin,wie es uns die Vergangenheit immer wieder zeigte.
schönes WE
Gruß hpoth
Diversifizieren aber China, Indien, Japan und andere asiatische Staaten trotzdem ihre Währungsreserven vermeht auch in Euro ( der allerdings ja auch schon zu 80% vom Dollar infziert ist) Yen oder Gold,do bedeutet dies ebenfalls Abwärtsdruck für den Dollar.Eine diesbezügliche unglückliche Äuserung in Südkorea hat im März den Dollar in einem einziigen Tag um über 2 Cent in die Tiefe geschickt.Das Risiko,dass aus irgendeiner Interssenlage von offizieller Seite vermehrt in dieser Richtung " laut gedacht" wird, ist stets paarat.Die Vergangenhiet zeigte auf das immer im Sommer solche Währungstrubulenzen verursacht werden.Absicherung sind Put -Warants auf den Dollar oder US- Goldaktien.
gruß hpoth
Was mich eigentlich immer wundert ist das der ganze goldaktien markt ca. 26 Billion USD wert ist, die Silber Aktien nur ca. 6 Billion USD. 
Coca Cola ist mehr wert als alle beide GM zusammen. 
Es gibt Leute wie Warren Buffet und Nationen wie China, die koennten den ganzen markt locker aufkaufen.Ich bin gespannt wann die einkaufen gehen, darauf warte ich auch.Ich vermute man kauft ganz still und heimlich und ganz, ganz, langsam damit die preise nicht explodieren.
Zwischendurch werden immer aktien mit geringen volumen geshorted und spaeter nach sturz, kauft man das doppelte wieder nach wenn die schwachen ihre aktien verkauft haben. Immer der selbe trick ! 
Enjoy your weekend 
Gruss
Eldorado 
@ Hallo Eldorado,
mich wundert das auch, die müßten doch die prekäre Lage der Finanz - und Weltwirtschaft genau kennen, und wie es um die Währungen steht.Kann mir nicht vorstellen, daß die nicht genau bescheid wissen,irgend etwas ist halt immer faul.
gruß hpoth
Friday, April 08, 2005, 9:08:00 PM EST
Gold and Dollar Market Summary
Author: Jim Sinclair
Dear CIGA:
Nothing offers more challenge to the value of the US dollar than a downtick in the pace of the US economic recovery.
The key to any improvement in the US Federal Budget Deficit is twofold:
1. A high rate of Federal income resulting from significant tax payments from corporations and individuals as a result of ebullient business conditions.
2. No expenses were considered for the military campaigns in Afghanistan, Iraq and, covertly, all over the globe.
Both of these assumptions are completely without merit. Should the economic recovery simply decelerate, tax revenues will plummet. As a result, the US Federal Deficit will explode upward from the present historically high levels.
This is exactly what I expect to happen. As a result, the US dollar will take out both .8150 and .8000 on the meaningful USDX.
Because the US dollar and gold are super glued together at the hip (and that won’t change), gold will trade at $480, $529 and $1650. There isn’t a shadow of a doubt in my mind. Historically I have seen the future of a market before its actual beginning, an instinct I inherited from my father, Bert Seligman.
Bert was, IMO, the greatest trader that ever lived. The only difference between Bert and Jesse Livermore was that Jesse was a high liver and loved the adulation of the money crowd.
That was proven by his reaction to the invitation of JP Morgan himself when Jesse was asked to lay off short selling as the economy was about to implode if he continued. He stopped and felt that to be his greatest day. Bert just quietly filled the rain barrel with money day after day after day.
This is why I have taught you how to take care of yourself, while following the hot hand but not go to hell in a hand basket when the hot hand cools as they all must. There is not even one iota of doubt in my mind that gold is going much, much higher.
Tonight I will again do a full run down on RGLD, gold, the US dollar, silver and crude using many of the tools that I pictured in the report earlier this week.
If you did not read that evening chat earlier this week please do so. The personal strain to get you up to speed in the markets is a prayer I act out daily.
The top callers again have done their damage by encouraging their subscribers to follow them like sheep blindly, not making personal judgments on markets.
I am not for a moment saying that Harry, Mahendra and others are wrong. I may disagree on certain points, but I respect all those that endeavor to determine markets. What I am saying is that there is NO magic analysis in the marketplace and consistency is quite difficult to achieve. Analysts like gold have cycles.
I have not tried to give you a fish but chose instead to teach you how to fish using the daily activity of markets as the medium of this transfer of market acumen. This way, when you follow the top caller with the hot hand you have the tools to see changes and act accordingly.
If you would only use the simple tools that are covered in detail in the over 2500 articles in our archives you would be in a superior position.
If the hot hand likes coffee long at $0.40 as did Mahendra Sharma, a simple trend line will keep you out when the market call is too early and get you in when the time comes. The internals will give you the hint of a top be it temporary or permanent. The power trend line will get you out right on time.
By using these tools, you may get a second chance and a third and a fourth and so on. So why in the world do you not take the 30 minutes it requires to learn how to use each tool? It is as good for long term investment as it is for the wild-ass day trader.
You keep it simple and then at the absolute minimum you stop losing. Once you stop losing, you are on the doorstep on profitability.
If you would only chart your “liquid net worth” daily, using only simple trend lines you will see your own cycles. Seeing this, you now know when to dig a hole, pull a rock over it and hide.
David Duval (my editor and business colleague) and I will now take the Archive and make it even more user friendly. We want to make it a compendium of how to trade gold, silver and the US dollar. This will also be the largest digest of articles on gold itself as well as the story of the birth of the largest bull market in gold’s history. It will be the Gold Book of this century in computer form.
You will be kept up to date on this effort to prepare a CD for gold, silver and currencies as an investment and trading compendium that will direct you towards personal achievement and a lifetime of self confidence in these three markets. Being a Master of the three, what else is required?
Check this out and read between the line !
DOUBLE JEOPARDY:
Gold Sales, the I.M.F. and Africa
by Rob Kirby
April 7, 2005
I’ve been listening and reading a whole bunch lately about rumors and still more rumors [they abound in the main stream press, ehh?] – that the I.M.F. is considering either revaluing or selling their gold bullion stocks to allegedly use the proceeds to help the poor people in Africa. I wonder, every now and then, if anyone has stopped to consider just who is doing all this considering? I mean, isn’t policy relating to humanitarian aid and efforts as such generally handled at the Presidential, Prime Ministerial or even Foreign Relations type of departments? Stated differently, as a Canadian – Whenever someone mentions the name of Canada’s esteemed finance minister, the first thing that comes to my mind is not always helping the poor in Africa or humanitarian aid, ehh? As a Canadian and with Canada having a Parliamentary system, I would–quite logically in my mind–expect such a directive to emanate from the Prime Minister’s Office or possibly the Ministry of Foreign Affairs. Since Canada’s Parliamentary system was inherited or transplanted from Great Britain, being a member of the Commonwealth, wouldn’t it logically stem that such reasoning apply in the British model?
So, you see folks, when headlines like this one:
“UK Chancellor of the Exchequer Gordon Brown has voiced his support for plans for International Monetary Fund (IMF) gold reserves to be used to finance debt relief for the world's 70 poorest countries.” 
are broadcast around the world; silly guys like me start thinking someone is speaking out of turn and start questioning their motives. That’s because, in places like Canada – with our Parliamentary traditions – there is quite simply no precedent for the Canadian Finance Minister to spearhead humanitarian efforts of any kind whatsoever. His job happens to be largely budgetary or defending the currency [one might wish to say the fiat system – but that would admittedly be a stretch, or would it?], which strangely enough, is exactly what gold sales would have the effect of doing.
The Conspiracy Theory
Forgetting the notion - for a minute - that the above looks to me like a square peg in a round hole; instead, let’s look at the argument and judge it on its own merits. Brown claims that his intentioned IMF gold sales are primarily supposed to help poor countries in Africa. Well the guys over at GATA, like Bill Murphy, generally believe that, if anyone were truly concerned about the welfare of impoverished Africans they would discontinue their [alleged] covert gold sales allowing the price to rise to a level commensurate with natural supply and demand. A gold price two or three hundred dollars higher would go a long way to opening new mines in sub-Saharan Africa [where a substantial amount of the world’s known gold reserves are located]. A significantly higher gold price would lead to substantially higher gold producer profitability. Some pundits have estimated this could put as many as 100,000 miners back to work. Each miner supports 10 to 12 dependents. Then, you have the economic multiplier effect from this increased gold mining activity and so on. I ask you, is this, or is it not a compelling argument.
The GATA people then go on to add: Stories like this are not new and regularly appear in the mainstream financial press. It has been widely speculated by GATA that these ubiquitous stories about “special gold sales” quite likely pose as cover for central bank reconciliation of gold that has already left the vaults, so to speak, whose return is impractical without creating a short squeeze in gold – imperiling the bullion banks, their clients and the global financial system at large. As usual, clarity from official sources on this front is NEVER forthcoming. So what do you think now?
Well, here’s what I had the presence of mind to think and do in response to the above argument: At the recent international mining convention [PDAC], held in Toronto, Ontario, Canada [which I reported on for FinancialSense.com] – I decided to pay a visit to the South African Department of Minerals and Energy booth, to speak with someone there, on the record, regarding this issue. There I met Abe Mngomezulu, Ms. Bansi and spoke at length with Mr. Harding regarding the situation of proposed IMF gold sales.
Let it be known that I’m most concerned and sensitive to the fact that Trevor Manuel [S.A. Finance Minister] has recently come out in favor of, shall we say, “responsible dishoarding of IMF gold stocks” to help the poor. It is not the intention of this article to find someone within the government of South Africa to ‘drive a wedge’ or directly contradict what the esteemed minister is on the record supporting to score a political point.
Rob Kirby with Anthony Harding at PDAC 2005
Mr. Abe Mngomezulu, Deputy Director General
Dept. Of Minerals & Energy, South Africa
What I was seeking, was some input from someone with their feet on the ground, who interacts with the mining industry and government, who can see and feel the real effects of oscillations in the gold price first hand – and more importantly, what effects its having on the population. Instead of theorizing about the effects of a lower gold price or what more gold sales might do to the market, I decided to ask Anthony Harding, Deputy Director in the Mineral Economics Directorate of South Africa's Department of Minerals and Energy. Here’s the unedited version of what he had to say:
The Whole Truth and Nothing But The Truth
Whichever way you look at it, the sale of approximately 900 tons of gold from IMF reserves is bound to have some negative influence on the gold market. This would be unfortunate for producers of the metal worldwide as the gold price is currently in a rising bull trend after spending about a decade in the doldrums; but miners based in South Africa and elsewhere in Africa are likely to feel the pinch the most.
The South African gold mining industry is more than a century old. Gold has played a pivotal role in developing the South African economy both directly through monetary earnings from bullion sales, which at one stage supplied the international banking system with the bulk of its reserve of last resort, and indirectly through spin-off effects which generated the birth of other important domestic sectors in the economy, such as financial services and manufacturing.
Although statistics show that South Africa has produced well over 40 000 tons of gold since the beginning of gold mining in the country and some 35 000 tons still remain in the ground to be exploited, the mining of most of these resources has been put at risk by a domestic rand currency that has strengthened against the US dollar by over 40% during the course of 2004.
As it is symptomatic of increased foreign investment in the country, the stronger rand is generally believed by most experts to be good for the economy. It has curbed inflation :D, generated much needed economic growth through higher levels of domestic investment :Dand raised the level of optimism in most non-export sectors of the economy. Unfortunately, it has become very unpopular with the export sector, especially gold mining. Profitability on the gold mines has been squeezed from both sides: by falling rand revenues and rising costs, and the marginal operations in particular have suffered badly.
The Economics of deep mining Gold
Given the recent performance of the gold price, which appears to have run out of steam in its latest bull trend and assuming that a stronger rand has come to stay, the future of gold mining in South Africa faces an uncertain future as most of the higher grade resources of gold remaining in the ground will have to be mined from depths greater than 4 kilometers below the surface. Under this scenario these resources are unlikely to be developed unless the gold price increases to above $500 per ounce and stays there, underground mining costs are reduced considerably by the introduction of new, less expensive technology and finally, an important change occurs in the domestic economy over which the mining industry has no control, namely: the monopolies in certain key sectors supplying services to the mining industry disappear and make way for a more open and competitive domestic economy.
If the current and previous bull trends in the gold price are anything to go by, a steady price for gold of over $500 per ounce is not on the cards. Furthermore, most of the research and development conducted during the previous 20 years that has borne any fruit has been focused on opencast mining and metallurgy. The prospects of ever mining gold at ultra-deep levels (depths greater than 4 kilometers below surface) are thus becoming ever more remote. Clearly then, IMF sales of bullion from their reserves could be another negative event adding to the unlikelihood of a major recovery in South Africa’s gold mining industry ever occurring in the long-term future. Under this scenario it is extremely likely that within 20 years the country’s newly mined production could be contributing less than 100 tons of gold per annum to world coffers.
If the role played by gold in the South African economy is crucial, its importance as an exploited mineral resource to many other emerging economies elsewhere on the African continent is even more critical: Sub Saharan Africa (including South Africa) which has already produced over 40% of all the gold mined in the world to date and contains more than 50% of the world’s identified gold resources also accounts for about a third of current global gold output per annum.
The new mines that have sprung up on the African continent during the last 10 years or more are usually at shallow depths and of an open pit nature These mines, which are spread throughout sub-Saharan Africa, from west to east, have received a much needed boost in earnings from gold sales as a result of the higher gold price without the deleterious effects of a strengthening local currency to erode the revenue streams.
Many sub-Saharan countries fall into the heavily indebted category and thus intervention in the gold market through an event, such as IMF bullion sales, could have unintended consequences for those countries at the critical juncture of relying on the performance of their gold mining industries to encourage sustainable economic growth. Released from an inextricable debt burden or not, under a falling gold price scenario they would be unable to reap the hard won fruits of their economical aspirations in the future.
The most progressive of Africa’s newly liberated economies, most of which are also the most democratic in outlook depend a great deal on gold to advance the cause of their economic development. That these economies should be seriously thwarted in attempting to elevate their economical and political performances to ever higher levels in an era favouring rampant globalization is therefore definitely not a desideratum.
It seems to me that Africa’s developing economies having exploitable gold resources in the ground to call upon would benefit more by extracting and selling this gold in a market characterized by a rising gold price than from handouts received as a result of central bank gold sales, which may well restrict further upward mobility in the price. African countries should be allowed to develop their economies independently depending on their own new found strengths rather than be expected to rely on the largesse of the IMF which is mainly controlled by f ?(..first world countries that have long neglected the economic problems plaguing the African continent.
Altruism appears to be behind proposals to sell gold from IMF reserves in the current gold bull market. But, one wonders how altruistic would these proponents of sales be about selling their bullion in a gold bear market
So there you have it folks, right from the horse's mouth ;)– or at least someone who is ‘there’ ;)– on the scene with his feet on the ground. Now you may all play the part of judge and jury as to who’s delivering the straight goods on this subject. ?(
http://www.silverminers.com/publications/0408.mp3
Ich hoere das oft rein, meine weekend radio show from the silbervalley ! Super !
Hoert euch das mal an, was die Schweizer im hintergrund kochen ! 
David Bond, not James Bond, ist im Interview.
Go for it !
XEX
ZitatEs gibt Leute wie Warren Buffet und Nationen wie China, die koennten den ganzen markt locker aufkaufen.Ich bin gespannt wann die einkaufen gehen, darauf warte ich auch.Ich vermute man kauft ganz still und heimlich und ganz, ganz, langsam damit die preise nicht explodieren.
Die Frage ist wieso sie kaufen sollen ? Die Chinesen verscherbeln seit Jahren ihr Silber für Dollars. Sollen sie es dann wieder zurückkaufen ? Was ist das für eine Logik ?
Solange sie billig Rohstoffe und Öl für Dollars bekommen wird sich nichts ändern. Und Öl wird noch sehr sehr sehr lange Zeit in Dollars gehandelt werden, da die grösste Nachfrage immer noch aus den USA kommt (noch). Und der Käufer macht den Preis nicht der Verkäufer.
So viele fragen und antworten, so viele ! 
Ein reines Jojo
Stick to to your guns, I'll stick to mine !
XEX
# Hi,
Eldorado, das mach ich auch immer das Gegenteil von der Bank, aber immer hatt man auch nicht recht.Nur ist es wichtig die Wendepunkte zu erkennen,dann kann ma eigentlich gut verdienen in diesen Märkten.
Gruß hpoth
an welchen märkten?
wer ist bill bonner?
Kennst du nicht?
Das ist ein Cowboy.
Und Filmschauspieler: z.B. in "Road to hell"
Hatte ne saublöde deutsche Übersetzung:
"Der Weg zur Hölle ist mit blöden Fragen gepflastert"
http://www.goldseiten.de/modul…visit.php?cid=5&lid=12743
Die Fachleute sind sich einig, dass sich der Einstieg in Gold für Privatanleger noch lohnt. Die UBS prognostiziert einen durchschnittlichen Goldpreise von 440 US-Dollar pro Feinunze für dieses Jahr und sieht den Preis im vierten Quartal 2005 sogar auf durchschnittlich 460 Dollar pro Feinunze klettern. Dresdner Kleinwort Wasserstein geht mittelfristig ebenfalls von einem deutlichen Goldpreisanstieg aus und kann sich sogar einen Preis von 475 US-Dollar je Feinunze vorstellen. „Grundsätzlich erscheint zum jetzigen Zeitpunkt ein Einstieg in Gold günstig, wenn sich der Preis bei 420 Dollar pro Feinunze bewegt“, sagt Wrzesniok-Roßbach von DrKW. Kurzfristig könne der Kurs noch mal absinken, bevor er sich wieder nach oben bewege.
Um am Anstieg des Goldes zu partizipieren, bieten sich dem Investor gleich mehrere Möglichkeiten. Er könnte Anteile an Goldminen erwerben. Davon halten Analysten aber eher wenig. „Die Kurse von Goldminenaktien unterliegen nicht in erster Linie dem Einfluss des Goldpreises und zeigen auch nicht die beschriebene Korrelation zum Dollar-Kurs“, sagt John Reade, Edelmetall-Analyst bei der UBS Investmentbank in London. Und Kollege Wrzesniok-Roßbach bestätigt, dass Goldminen „Probleme ganz eigener Art haben können“ – zum Beispiel ein schlechtes Management des Unternehmens, ungünstige Kostenstrukturen oder eine ungenügende Währungssicherung ihrer Verkäufe.
