@ Tschonko
Aha, hab ich mich verschaut, ich hoffe ich habe es nicht schlechter als jetzt in den naechsten drei Wochen.
Valueman war im Urlaub und es ging rauf, ich hoffe bei mir auch. 
@ Valueman
Hpopth sagte mal ich bin Dagobert, der bist du aber.
Geh mal wieder auf Urlaub !
Im uebrigen ich komme auch nach Muenchen und schau ob du so gut mit der Muenze spielen kannst wie der Dagobert.
Gnight
XEX
@Eldo
Den Geldspeicher hätte ich gerne, kein Zweifel. Wenn ich mich richtig erinnere, hat Dagobert da auch nur fast ausschließlich Münzen drin...er ist also ein Gold Bug und fährt nicht schlecht damit.
Als nächsten Kaufzeitpunkt habe ich mir den 13. Juni rausgesucht...warum???...richtig....weil Du einen Tag später in Urlaub gehst.....bei mir hats ja auch geklappt
Das ist übrigens mein Ernst....Sino Gold wird am 13. nachgekauft...und dann gib Dir bloss Mühe in Deinem Urlaub 
Grüsse
@eldo
Klar, zumal das ja eine erheblich längere Rally darstellen würde als meine "Sommer-Rally" die ja nur 14 Tage gedauert hat. ![:]](https://goldseiten-forum.com/wcf/images/smilies/pleased.gif "Freude"){kind=small}
MoundReport.com's Monthly Gold Report
Gold Enters the Twilight Zone
This twilight zone we have entered into with gold is short term. The dollar will force its will upon the global currency market and the EU issues will fade as the cause of the next move. When the dollar breaks to fresher highs it will be because the dollar is strong. This will happen when bonds drop and interest rates rise and the market realigns itself with proper inter-market correlation. I wouldn't be surprised if this happens in the coming weeks so take this as an opportunity to get short gold $20 higher than it should be and watch the market return from the Twilight Zone.
also eldo und value,
falls es euch ernst ist mit euren Aussagen, darf ich euch konstatieren,
dass ihr spinnt.
Das ist ja was Gutes, kann mann ja machen.
Value,
der 13.6. ist ja ein markantes Datum, da geht der mars in den Widder,
das ist sein Zeichen, aber das ist ein untergeördnetes Szenario.
Ich weiß es selber nicht, aber damit können wir mal deinen Instinkt überprüfen, es könnte auch gut sein für Metalle und schlecht für den $.
Ein nicht unwichtiges Datum, aber ich hab da keine vergleichswerte.
Wie eldo immer sagt: Expect the unexspected!
Ich schau jetzt nur mehr auf den Dow.
Vor ca 6 Wochen, als ihr alle auf POG und POS geschaut habt, hab ich ja gepredigt: Bitte, schau ma auf die Minen!
Das war richtig.
Ob ich jetzt richtig liege mit dem Dow, keine Ahnung, wird sich weisen.
Grüße
Tschonko
ZitatAlles anzeigenOriginal von Tschonko
also eldo und value,
Value,
der 13.6. ist ja ein markantes Datum, da geht der mars in den Widder,das ist sein Zeichen, aber das ist ein untergeördnetes Szenario.
Ich weiß es selber nicht, aber damit können wir mal deinen Instinkt überprüfen, es könnte auch gut sein für Metalle und schlecht für den $.
Ein nicht unwichtiges Datum, aber ich hab da keine vergleichswerte.
Wie eldo immer sagt: Expect the unexspected!
Grüße
Tschonko
Darum gehe ich ja weil der Mars mit dem Widder gerade am 13. wieder was macht. :P..Aber das moechte ich mir nicht anschaun was dabei rauskommt. 
(
Ich habe erst Bedenken wenn es unter 420 USD geht, der PPT hat die mini Rally um den 90 MA bei 426 erstmal gestoppt.
War alles nur ein Spass Tschonko, ich weiss echt nicht wen es nun gut tut aber ihr werdet es schon sehen ob Urlaub oder der 13. Gold aushilft oder dem Fiat $. Ist da auch eine Konstellation um den Vollmond Tschonko ? Der ist am 21.Juni, schaetze aber nach dem 14. koennte es runter gehen bis kurz nach dem Vollmond. Das passt auch mit Widder /Mars zusammen.Auf alle Faelle kostet es mich Geld nach dem 13. Juni.,wie fuer alle die Urlaub machen
Have a nice day
Mfg
XEX
XAU (Diese Wave sieht aber Mahendra komischerweise nicht )
It looks like the wave (2) bottom in the XAU that I have been looking for has finally happened. Motive waves are the easiest to see on the chart, the classic 5 wave Elliott pattern. But it is the corrections that follow the 5 wave impulse patterns that are so hard to figure out, most of the time the true pattern will only show itself until after it has competed itself. This 5 year chart of the XAU gold index is a text book perfect example of a classic ABC flat correction. Anyone who owns Robert Prechters ground breaking book "Elliott Wave Principle" (which was written in the late 1970's at the top of the last gold bull market) can simply turn to page 45 for a complete description of an Elliott wave flat correction.
Also the C wave bottom also marks the end of wave (2) and the start of wave (3) which author and Elliott wave practitioner Steven W. Poser likes to describe them as "The 3rd wave is the wave that elliotticians dream about". With general psychology in the gold stock sector very negative there is every indication that a wave C of (2) has been put in place.
truly believe that we have already seen the Wave C of 2 bottom in the XAU and that we are in the very early stages of a huge Wave 3 advance that should take us to 150 in the XAU. Just remember that gold stocks are very explosive and can catch fire at anytime. As you can see in the 20 year chart of the XAU below in late 1986 with the XAU at 60 it only took about 1 year for the index to rocket up to 150. The same goes for 1993 when again the XAU went from around 60 to 150 in 1 year. I think we are at a similar time right now where the XAU could make it to 150 sometime in 2006.
.....http://www.321energy.com/editorials/gofsky/gofsky060705.html
Goldminen und Rohstoffkonzerne – es ist nicht alles Gold was glänzt
08.06.2005 ki - GOLDINVEST.de Daily
Gold-Reserven und -Ressourcen bieten ohne kritisches Hinterfragen kaum hinreichende Daten für die Einschätzung von Goldminen-Aktien. Doch an ihnen erkennt der Investor zumindest die Größenordnung und mögliche Lebensdauer der Projekte und Gesellschaften.
Die Suche nach Gold wird immer schwieriger. Obwohl der Goldpreis in den vergangenen zwei Jahren kräftig angestiegen ist, versäumten es die Goldminen vergangenes Jahr vermehrt erfolgreiche Exploration zu betreiben. Die Goldreserven stiegen in der Branche lediglich um rund drei Prozent. Die 2004 neu etablierten Gold-Ressourcen bleiben sogar nur auf Vorjahresbasis.
Auf den ersten Blick würden wir sagen: „Nun gut, die haben ja auch eine Menge gelbes Zeug aus dem Boden geschaufelt.“ Sie haben also schon etwas neu gefunden. Doch so leicht macht es uns die Statistik dann doch nicht. Denn der zweite Blick zeigt, dass sich die Goldsucher sehr bewusst waren, dass der Goldpreis angezogen hat. Für den Ausweis der Reserven und Ressourcen verwendeten sie daher teils deutlich höhere Goldpreise. Im Branchendurchschnitt setzten sie bei der Bewertung, ob die Vorkommen wirtschaftlich abbaubar sind, einen um 28 US-Dollar höheren Goldpreis an.
Zum Verständnis: Die Goldreserven eines Unternehmens sind definiert als die wirtschaftlich abbaubaren Unzen Gold. Je höher also der Goldpreis, desto mehr Ressourcen des Unternehmens sind wirtschaftlich abbaubar und werden daher als Reserven eingestuft. Es kommt also darauf an, welchen Goldpreis ein Unternehmen bei der Abschätzung der Reserven annimmt.
Dieser liegt im Branchen-Durchschnitt 2004 bei 378 US-Dollar. Dadurch fallen Vorkommen, die ohnehin schon bekannt waren mit mehr Unzen ins Gewicht. Den Vogel schießt dabei der südafrikanische Konzern Harmony Gold Mining ab. Für seine mehr als 200 Millionen Unzen Gold-Ressourcen, die höchsten der Branche, nahmen die Südafrikaner sage und schreibe 473 US-Dollar je Unze für die Kalkulation an. Heute notiert der Goldpreis weit niedriger. Die Unzen fließen dabei wie Sand durch die Finger. Auch Durban Roodeport Deep legt mit 460 US-Dollar je Unze eine ambitionierte Kalkulationsbasis zu Grunde. Auch hier müssen die 31 Millionen Unzen Ressourcen und knapp zwölf Millionen Unzen Gold-Reserven sehr kritisch beäugt werden.
Positiv fallen dagegen vor allem Highland Gold Mining mit 286 US-Dollar, Gabriel Resources mit 300 Dollar, Yamana Gold mit 335 US-Dollar und der fünftgrößte Goldkonzern Placer Dome mit 350 Dollar. Placers 125 Millionen Unzen Ressourcen könnten somit weit mehr wert sein als Harmonys 200 Millionen Unzen.
Sicherlich ist längerfristig eher von einer Dollar-Schwäche und somit von einem eher steigenden Goldpreis auszugehen – immerhin ist die Korrelation zwischen beiden Notierungen frappierend. Doch kurzfristig ändert dies nichts an dem zu ehrgeizigen Vorgehen einiger Konzerne.
Aus der Kombination von Reserven und dem jährlichen Goldabbau lässt sich recht gut die Lebensdauer der Gesellschaften einschätzen. Eine Newmont Mining, der größte Goldkonzern weltweit, dürfte so aus heutiger Sicht noch zirka 15 Jahre im Geschäft bleiben. Vorausgesetzt die Amerikaner finden keine weiteren Vorkommen und können ihre Ressourcen nicht in wirtschaftlich abbaubare Reserven umwandeln. Die kanadische Placer Dome dürfte dagegen noch 20 Jahre Bestand haben. Sie besitzen damit neben Lihir Gold, die in Papua-Neuguinea abbauen und Reserven für zirka 25 Jahre besitzen, und Eldorado Gold (19 Jahre) die höchste Lebensdauer unter den größeren Minen.
Doch das Beispiel Lihir Gold zeigt auch, dass neben den reinen Ressourcen- und Reserve-Zahlen auch der Ort der Grabungen eine Rolle spielen sollte. Papua-Neuguinea zählt zum Beispiel zu den mit den größten politischen Risiken eingeschätzten Ländern. Auf einer Rangliste von 100 (beste) bis 0 (schlechteste) besitzt Papua Neuguinea nur 25 Punkte. Am schlechtesten fällt die Einschätzung des Fraser Instituts derzeit für Simbabwe aus. Das südafrikanische Land erhielt nur 7,6 Punkte. Der Kongo (11) Indonesien (12), Russland (17), Bolivien (20) und Venezuela (21) folgen auf den unteren Rängen. Aber die Konzerne haben es auch – etwas überraschend für den Normalbürger – in den US-Bundesstaaten Wisconsin (26 Punkte) und Kalifornien (27) schwer.
Am besten schneidet der US-Staat Nevada mit sage und schreibe 95 Punkten ab. Einen besseren Standort für die Goldgräberei und das Ölfördern gibt es nicht. In Kanada kommt da nur die Provinz Manitoba (89) knapp heran. In Europa besitzt Irland mit 94 Punkten eine herausregende Stellung als Rohstoff-Standort. Spanien folgt mit 78 Punkten.
Sollten Sie daher neue aber zudem besonders konservative Minenengagements überlegen, schauen Sie nicht nur auf die Ressourcen und aktuellen Gewinne und Bewertungen der Aktien, sondern überlegen Sie auch, wo das Gold, Silber, Lithium, Kupfer, Gas und Öl aus dem Boden geholt wird.
[Blockierte Grafik: http://wwwi.reuters.com/comX/images/reuters.gif]
Gold's Rise in Euro Terms May Signal Broader Rally
Wed Jun 8, 2005 03:06 AM ET
By John Parry and Zachary Howard
NEW YORK (Reuters) - Gold prices may be about to benefit from both volatility in and a lack of confidence in several of the world's major currencies, with gold's price in euros a key indicator, analysts said.
Gold, as a classic hedge against global investors' worries about inflation or geopolitical instability, was a beneficiary of the dollar's three-year decline through the end of 2004.
Gold is priced on international bullion markets in dollars, and the precious metal has a tight inverse price correlation with the U.S. currency.
The dollar has rallied so far in 2005, lifted mainly by rising U.S. interest rates, and gold prices in dollar terms have fallen by 3.2 percent.
This month, however, gold prices have begun to rebound, even although the dollar has remained strong, and with the euro down more than 9 percent this year, some analysts are tracking the price of gold in euros as an indicator of demand for hard assets.
On Tuesday, spot gold was trading at around $425 per ounce and gold in euros was at 346.40 (XAUEUR=R: Quote, Profile, Research) .
"If gold breaks above 350 euros per ounce, that will signify the market is shunning ( meiden )all paper currencies," said Jes Black, hedge fund manager, with Black Flag Capital Partners LLC, Hoboken, New Jersey.
If gold were to rise above that level "what you would see is a mad rush into gold. ... It could very well spark a very large rally in gold," Black said.
The euro has come under under pressure this month after both France and the Netherlands voted against the proposed EU constitution in referendums.
Between 350 and 355 euros per ounce, an area touched several times in the last three years, "is a very, very big resistance level," which if broken "would institute a good trading opportunity," said Jordan Kotick, global head of technical analysis with Barclays Capital in New York.
Paul McLeod, vice president of precious metals at Commerzbank in New York, said he felt an initial break above 350 euros would not necessarily prove decisive, because resistance there was so strong.
In recent years "gold has come a long way in U.S. dollar terms, but it has been in a relatively narrow range in euro terms between 300 and 350," he said.
"I don't believe it's a breakout until we have a couple days solidly above 350, in which case my view would change and maybe we do have some good upside technical developments taking place," McLeod added.
GOLD IN EUROS THE KEY
Any sustained rise of gold above 350 euros might be the precursor of gold climbing significantly against the dollar also, especially if $450 is breached, currency analysts say.
In dollar terms, "the key range highs are not till $450 to $455, that is still 20-plus dollars away," said Kotick.
Meanwhile, the dollar remains strong, supported by higher interest rates in the U.S. than in Europe or Japan.
But Asian currencies could attract some investment if China revalues the yuan , removing its peg to the dollar, and a weaker dollar would again provide support for gold prices.
"Gold is starting to firm up against all the currencies. Technically, that is looking very good," said one metals broker at a futures commission merchant. "Keep an eye on gold at above 350 in euro terms," he said.
http://www.reuters.com/newsArt…ryID=8727702&pageNumber=1
Ich wuensche es uns allen das Gold die 355 Euro durchschlaegt, das waere ein gutes Zeichen das sich Gold von Waehrungen abkoppelt.
Keep the spirit high.
Good Luck !
XEX
Paul Kasriel and and Asha Bangalore of Northern Trust have noticed that the Chinese pay no attention to The Mogambo, so they are taking up my cry. They write, "I will add to the unsolicited advice - anchor the renminbi to gold. The Chinese monetary authorities give stability as one rationalization for pegging the renminbi to the U.S. dollar. But is the dollar a stable anchor? Would anchoring a currency to gold provide longer-run price stability? That is, would anchoring a currency to gold preserve the purchasing power of that currency? The sum and substance of all this is that anchoring the renminbi to the dollar is a recipe for Chinese inflation. Anchoring the renminbi to gold is a recipe for long-run price stability."
Very naughty, Mr. Daughty !
more....
http://www.321gold.com/editorials/daughty/daughty060805.html
Le Metropole Members,
Midas du Metropole has served commentary at The James
Joyce Table entitled,
"Potential For Serious Gold Fireworks Continues To Build."
Member's auto-logon:
<a href="http://www.LeMetropoleCafe.com/entrance.cfm"> Le Metropole Cafe</a>
http://www.lemetropolecafe.com/entrance.cfm
All the best,
Bill Murphy
Sorry ,its a long one to read...
GOLD RECONSIDERED
by Doug Casey
A couple of weeks ago, with gold knocked as low as $416.10, resource investors were wondering just how low gold could go. Now, with gold rebounding over $420, such musings might turn to questions such as, "Can gold hold at these levels?" and "Does it still have what it takes to hit $500 by year-end?"
While I'll share my views on the topic, I tend not to be overly concerned about short-term price action, but rather concern myself with finding great companies, with good financial structures, using proven exploration techniques on multiple, highly prospective targets. In other words, companies that will make you rich on process under any reasonable gold price scenario. Price volatility, other than a dramatic meltdown the likes of which I don't expect, is, therefore, not unwelcome as such volatility allows me to (a) buy great companies on the cheap when prices dip and, (b) sell for a profit when prices move strongly to the positive. Simple but effective. Right now, I am very much an active buyer.
But back to the topic at hand. When gold briefly touched $416.10 on the heels of the euro's train wreck, a lot of people began to fret that it was on the way to its recent low of $379 gold, reached in May of last year. Yet, it is worth noting that gold has been over $400/oz., on average, for over a year now. And the 200-day average is over $$426.72. So gold over $400 is not some short-term spike, but a trend in motion.
It is also important to consider the historical context for current prices. Adjusting for inflation, $400 today is only about $175 in 1980 dollars, when gold hit its $850 peak. So, rather than being historically expensive, gold is still actually quite cheap and has a lot of room to move up before threatening previous highs.
But the most intriguing thing I'm keeping an eye on is the relationship between the U.S. dollar and gold.
As everyone who invests in this sector is already aware, over the last couple of years, gold has largely traded in a converse pattern to the U.S. dollar, appreciating most when the dollar falls, and depreciating when it rebounds.
Over the long run, that works in gold's favor because the dollar's problems are legion and almost nothing will keep it from heading lower. Much lower. Of course, the government could stem the erosion by returning to the gold standard, thereby underpinning the currency with something more tangible than the operating speed of a printing press. But returning to the gold standard, which would require $5,000 an ounce gold, has almost no chance of happening in the foreseeable future. That pretty much clears the way for the dollar to depreciate more or less steadily to its intrinsic value... just shy of completely worthless.
Of course, in order for the dollar to slide, it must slide relative to something else. Until the recent setback to the euro, that currency was the "it's not the dollar" alternative of choice for FX traders around the world. Now that the EU constitution has correctly been relegated to the trash bin of history, uncertainty stalks those lands and the gilt has worn off that particular lily. The Italians are even considering abandoning the euro.
But I see a glimmer of hope for gold in all the European hand-wringing: after predictably taking it in the neck on the U.S. dollar's rebound against the euro, gold unpredictably staged a quite impressive rebound of its own. From the abyss of the technically important $417 level, gold moved quite briskly up to where it sits today, around $425. While we need to see a lot more of the same before getting overly excited, it is encouraging that gold has moved up even on days when the U.S. dollar moved little, or even moved up... signaling what may be the baby steps for a decoupling of gold from the U.S. dollar.
One plausible explanation for the decoupling is that, since 9/11, global investors in general, and those from the Middle East in particular, have been moving money out of U.S. dollars and into the euro - both as a way of diversifying away from the weakening dollar, but also to reduce the odds of outright confiscation by a U.S. government striking out like a mad ape at real and imaginary terrorists everywhere. Put another way, if you were a wealthy Syrian or Jordanian - or a citizen of just about any Middle-Eastern potentate - how much of your money would you have in U.S. dollars? Especially considering that the U.S. Treasury claims to exercise control over all financial instruments denominated in U.S. dollars, regardless of which bank, or which country, they are deposited in?
When the euro began to look shaky - and what's next for it is still anyone's guess - I suspect a lot of holders decided to cash out and move on down the road. But to where? Some percentage of that money has found, and will continue to find its way into gold... a trickle that will turn into a stream and then a river once the U.S. dollar starts again on its inevitable descent.
In support of that contention, it's worth noting that Saudi Arabian gold consumption grew by 10 percent to 37.3 tons in the first three months of 2005 when compared with the same period a year earlier.
All of which is to say that I see nothing standing in the way of gold finding a wider audience - both individually and institutionally - over the coming year. And I can name a lot more reasons for the U.S. dollar to continue its slide, in earnest, before year-end, than I can for it to continue defying gravity. So I would rate the likelihood of gold holding above $400 as extremely good, and of it crossing the $500 mark by year-end as imminently doable.
But what about central bank interference? If you believe the people at the Gold Anti-Trust Action Committee (http://www.gata.org), desperate governments and their central bankers will do whatever it takes to keep gold out of contention as a viable currency alternative...which is to say, to keep gold prices low. Whether that amounts to a conspiracy, or central banks simply selling when prices are high, as would any other investor who bought low, the question boils down to: how much gold can the central banks actually dump on the market?
Many bullion banks report large gold holdings, but many also extend credit based on those holdings, and few admit outside auditors. With all the shell games, it's hard to say how much unencumbered gold they actually own. But even if they do own market-disrupting quantities, many are restricted in various ways as to what they can do with that gold. Jim Turk's recent comments on the prospect of IMF gold sales suggest it is easier said than done. The IMF is reported to have a hoard equivalent to 15 months of gold production for the entire world. Selling that much gold in a short - or even not so short - period of time would obviously have a profound impact on the price of gold. But the IMF needs approval from 85% of its subscription base, of which the U.S. represents about 17%, and Congress balked the last time this came up. And central banks and government repositories are subject to innumerable legalities regarding disposition of their gold; outside of totalitarian regimes, any major changes there are likely to be seen well in advance by the public.
That being said, central bank action - even apart from bullion sales - can certainly impact the price of gold. Take for instance the late February, 2005 announcement by the Bank of Korea that it was diversifying its reserve holding (i.e., dumping dollars), sending the dollar (temporarily) plunging and gold rising. That these institutions have the weight to move global markets is a double-edged sword, but in time, even they will not be able to push back against the tide. And, given a persistent enough weakening in the U.S. dollar will almost certainly trigger other central banks - notably others in Asia - to add to gold reserves, not sell them off.
I remain convinced that a continuation of the bull market in commodities in general, but specifically precious metals, is a near certainty. For any number of reasons: supply and demand fundamentals... underinvestment in finding and developing new resource deposits during the long bear market that ended in 2002 ... the current phase in the exploration cycle... the unstoppable rise of Chinese and Indian consumerism... state-driven competition to secure long-term global resources ... and more. And all against a backdrop of the Forever War against Islam that threatens to keep energy prices high, drive up inflation and ultimately cause the collapse of the house of cards built on U.S. debt in all its many shades.
But most of all, I see gold at $500 by year-end coming about because gold holds up so well by comparison to its paper competitors - the U.S. dollar and the euro most notably. Sooner rather than later, as people start looking in earnest for financial safe havens, they'll begin turning away in droves from U.S. Treasuries and overpriced real estate...and turning to gold and silver, assets which are both tangible and portable.
There will, of course, be bumps along the way of the sort that cause some resource investors to question their premises, and perhaps even to abandon the sector altogether. But for those with the conviction to take advantage of the current weak spot in the market by buying high-quality junior gold and silver resource stocks that are now selling for bargain basement prices - the upside can be extraordinary. When prices do go to $500, and the masses begin piling in, these stocks will be trading for multiples of where they are today.
Regards,
Doug Casey
for The Daily Reckoning
Der Kommentar ist mal wieder bemerkenswert.....
09 Jun 2005 16:02
09.06.2005 15:43:11 NY gold off on strong dlr, trade sales hit silver
NEW YORK, June 9 (Reuters) - U.S. gold futures declined for the third straight session Thursday morning, as investors followed a stronger U.S. dollar amid scant fundamental news in the market, dealers said.
Silver prices, meanwhile, quickly dropped to 10-day lows on a continuation of the profit taking seen this week after futures failed to make advances above $7.60 per ounce.
"A lot of trade selling has come out of Europe pushing this thing lower," said a silver floor broker.
Buying by banks and speculative short covering initially stoppered the declines before two large banks turned heavy sellers again, he said.
"The locals just went with the flow. They are usually short in silver so they're happy," the broker added. By 9:21 a.m. EDT, July delivery silver tumbled 19 cents, or 2.5 percent, to $7.285 an ounce on the New York Mercantile Exchange, dealing from $7.46 to $7.28, which marked its lowest since May 31.
Dealers said, technically, silver was ripe for liquidation of longs, under pressure from lower gold and a firmer dollar. Chartists put support at $7.20 and $7.14.
Spot silver sank to $7.25/28, down from Wednesday's New York close at $7.40/43. It fixed at $7.38.
COMEX August gold slipped $1.20 to $425.40 an ounce, trading a tight range of $426.50 to $425.10, and staying in familiar territory with supply/demand news lacking.
The dollar neared a nine-month high versus the euro as traders looked for a clue from Federal Reserve Chairman Alan Greenspan that U.S. interest rates would continue to rise.
The euro last was down at $1.2231.
In testimony at 10 a.m., Greenspan is expected to detail his expectations for growth and interest rates.
Rising U.S. rates tend to boost the dollar and weigh on gold.
At the Reuters Mining Summit in New York, Barrick Gold Corp. (ABX.TO) CEO Greg Wilkins said gold's lengthy coupling to the dollar will end in five to 10 years as supply/demand dynamics change and other currencies may come to the fore.
Wilkins said on Wednesday the shift in the way the two were linked should take place amid a number of factors like fundamental issues of production and consumption and the growth of interest from investors.
"I can see catalysts and reasons as to why those relationships might change," he said.
A stronger greenback makes dollar-priced gold less attractive to investors using foreign currencies.
The euro's influence could also wane if there were changes in China's foreign exchange policy and a revaluation of the yuan, he said.
Gold prices are seen bracketed between $415 and $431 for now, dealers said.
Spot gold fetched $423.00/3.70 an ounce, against $423.70/4.40 at Wednesday's close. Thursday's afternoon London fix was $423.55.
On the board at NYMEX, July platinum fell $4.90 to $875 an ounce. Spot reached $870/873.
September palladium sagged $3.25 to $186.50 an ounce. Spot hit $184/187.
Schatz & Nobel, P.C. Announces Class Action Lawsuit Against Newmont Mining Corporation
Thursday June 9, 10:56 am ET
HARTFORD, Conn., June 9 /PRNewswire/ -- The law firm of Schatz & Nobel, P.C., which has significant experience representing investors in prosecuting claims of securities fraud, announces that a lawsuit seeking class action status has been filed in the United States District Court for the District of Colorado on behalf of all persons who purchased the publicly traded securities of Newmont Mining Corporation (NYSE: NEM - News; "Newmont" or the "Company") between July 28, 2004 and April 26, 2005, inclusive (the "Class Period").
The Complaint alleges that Newmont, a gold producer, and certain of its officers and directors violated federal securities laws. Specifically, defendants knew, but concealed the following:
Newmont had been processing only stockpiled low-grade ore at certain mines, which costs more to process; (ii) Newmont's costs for commodities used in mining had increased, increasing total production costs; (iii) the amount of copper and gold Newmont stated it could extract in 2005 was overstated; and (iv) as a result of operating difficulties in Q1 2005, Newmont's cash generation had declined by 50% and its exploration costs would significantly increase. 
On April 26, 2005 Newmont announced that the Company's Q1 2005 earnings would fall short by two-thirds of what analysts had been expecting based on the Company's frequent guidance and investor presentations. Unbeknownst to investors, Newmont's Peruvian, Indonesian, Australian and New Zealand mines had grossly underperformed. On this news, Newmont's stock dropped from its April 26, 2005 closing price of $40.25 per share to less than $38 per share on April 27, 2005. Before the truth about Newmont's operational and financial difficulties was disclosed, Newmont was able to place over $600 million worth of notes in March 2005.
If you are a member of the class, you may, no later than August 8, 2005, request that the Court appoint you as lead plaintiff of the class. A lead plaintiff is a class member that acts on behalf of other class members in directing the litigation. Although your ability to share in any recovery is not affected by the decision whether or not to seek appointment as a lead plaintiff, lead plaintiffs make important decisions which could affect the overall recovery for class members, including decisions concerning settlement. The securities laws require the Court to consider the class member(s) with the largest financial interest as presumptively the most adequate lead plaintiff(s).
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Die Directoren vor allem Swanepoel hatte sich reich beschenk mit vielen Aktien als die total unten waren, man sagte die CEO"S anderer verdienen mehr im Vergleich nach einen sinnlosen Rechtsstreit der oben drauf millionen von Rand gekostet hat. .... Diese Saubande ! 
Die Aktie flog -45% in den Keller, well done Swanepeol, der Gold De Klerk.
Beschiss und manipulation ueberall wo man hinschaut ! 
Geld und Gold stinkt nicht und jeder hat seinen Preis.
Jeden das seine, mir am meisten !
Mfg
XEX
Dear Members,
In my newsletter I recommended part buying in gold/silver on Thursday/Friday, so buy slowly.
There is no need to go aggressive as you all know that I don't see a great rise in 2005 on gold.
BEST AREA TO PUT MONEY: 
Currently I am recommending buying Wheat, corn and soybean, don't worry about weather or rain,if nature wants to take nothing can stop. 
Oil was up today on storm report in area of gulf of Mexico but that is false rise, soon should walk on original path (which is down).
Copper is not showing also increasing sign with Mars so one can hold short, maximum can go up $155.80.
Coffee can be good buy at this downward trend.
Geh gleich zum Supermarkt, kauf mehr und trinke sofort eine Tasse.
Have a nice Day
Mfg
Eldorado
First, let’s ask ourselves, “How is the world of gold going?” The following is a nice interesting bit of prophetic news from Pierre Lassonde.
Newmont sees $US525 gold price by Jan
“The price of gold should rise to $525 an ounce by the start of 2006, a top executive of gold giant Newmont Mining Corp. said on Thursday.” “Pierre Lassonde, president of the world's largest gold mining company, cited an expected decline in the U.S. dollar by another 15 per cent against a basket of currencies, world economic growth strong enough to keep physical demand buoyant and a continuing gradual decline in gold output.” The Sydney Morning Herald, 6-10-2005
And?..........
Thursday, June 09, 2005, 7:54:00 PM EST
Gold and Dollar Market Summary
Author: Jim Sinclair
Dear CIGA:
In five to ten years Henny Penny can fall from the sky! But let me give you an alternative scenario to the recent statements made at the Reuter’s Mining Summit about the dollar and its relationship to gold.
The Advent of and Application of a Modernized, Revitalized, Federal Reserve Gold Certificate Ratio.
How Gold Re-enters the US Dollar Equation.
1. The dollar again enters a full blown bear market as a product of its deteriorating internal fundamentals.
2. The march into the new system of Authoritarian Free Enterprise continues as a result of all the measures being adopted and reinforced to combat terrorism – perceived or otherwise.
3. There comes a point in the dollar decline that the public will support draconian measures as they are reassured by eminent authority and political consensus that this is the correct system fix.
4. At this point, major wealth reassumes a long dollar position.
5. There are two key items in the draconian plans, the first of which is the significant reduction of Federal entitlement spending for the common benefit of all. This is intended to stabilize the US Federal Budget deficits and save the dollar, thereby creating jobs and improving the US and global economic system. That is the spin. Authoritarian Free Enterprise favors the authority of commerce and not the common good. This is when policy changes will occur, the deficits will come into balance and the US dollar will enter a bullish period.
6. In the second move, gold enters the picture. Gold convertibility is not what will occur and the Gold Community will not be pleased by the role gold will play. Gold is coming back into the system not at the pleasure of present gold advocates but at the pleasure of the masters of the global economy.
Gold will function as a control item for the US dollar. Convertibility is simply too automatic and too cumbersome for the barons of commerce. Gold’s role, however, as a barometer and control item will be seized in the form of a modernized, revitalized Federal Reserve Gold Certificate Ratio.
Gold will be tied to levels of international dollar liquidity measured by the outstanding US debt in the hands of non-US entities. This is another view of the cumulative affect of the US Current Account.
Assuming the unfortunate event that the price of gold closes any day at the end of the open outcry session of the COMEX (simply as a point of measure) 3% above the $518 - $529 price level it can be considered having moved out of a normal bull market into a run away market. That run away situation would be the signal that gold has assumed its traditional role in attempting to balance the international balance sheet of the USA.
That is another way to say that the value of the gold held by the US Treasury would be at a market price that would when computed be equal to the amount of US Treasuries held by non-US entities calculated at par or 100 cents to the dollar issue price. That situation would be the balanced position of assets versus liabilities for the US dollar internationally.
That price then is recognized internationally by central banks and all gold is revalued on their respective balance sheets to this market price. By this means, the US Current Account now becomes the means by which the US Treasury must increase their gold position if the price of gold times the gold held by the US Treasury (Gold Certificates) is below the level of value at par times all the US Federal paper held by non US entities.
This is modernized because it is not like the old Federal Reserve Gold Certificate Ratio that was tied directly to the cost of money. It is revitalized because it moves to maintain the balance of the international balance sheet of the USA Inc.
Such a condition for a corporation is conducive to acceptance of its common shares. Such a condition by a country is conducive to the value of its common share namely its own currency. Thus, the old outdated and impractical US Federal Gold Certificate Ratio becomes modernized and revitalized.
If the holdings of US Federal paper dropped internationally, the US Treasury could stand pat or sell gold.
There is no question that instruments of speculation would immediately appear, allowing the market to place bets on the state of the US current Account, marking the price of gold to the assumed level thereby relieving the US Treasury of having to do anything at all but watch as the market keeps the US international balance sheet in balance for them.
The gold people would be quite pleased with the price of gold and quite displeased when they recognize who it protects. However, the system of Authoritarian Free enterprise with a sound US dollar controlled by gold - not convertible but as a control item of US creation of international liquidity - would guarantee the dollar’s viability for generations to come.
It would reinstate a one alarm system and that alarm would be turned off immediately in the marketplace or by the US Treasury at will.
The action of the marketplace or by the US Treasury would - if liquidity is created - assure that the balance sheet of the USA was always in balance.
The fix to the problem is a balance sheet fix and not a fix that gold convertibility will have any place in.
Therefore, I disagree with the position that the US dollar and gold will break their relationship as predicted as the Reuters Mining Summit. That can only happen for short periods of time due to exogenous events. If we are going out on limbs, I predict this event to occur in 2012 which must be considered a respectful disagreement with the executive quoted in the following article.
Gold's marriage to dollar set to end-Barrick
Wed Jun 8, 2005 05:53 PM ET
NEW YORK (Reuters) - Gold's lengthy coupling to the dollar will end as supply/demand dynamics change and other currencies may come to the fore, Barrick Gold Corp. CEO Greg Wilkins said at the Reuters Mining Summit on Wednesday.
Woof,Woof, CNBC is scaring investors again with talk of ""intentions"" of goldsales by the IMF.
It shows clear to me how desperate the PPT is to knock down the Goldprice after the Euro Plunge did not do the job perfectly.
Did Captain Alan Greenspan really make a soft landing for the economy and restored the faith internationally with his speech yesterday ?
Its amazing how this man can talk the problems away and fool the market with twisted words hard to pinpoint what he really meant.
He is a great talker, that's for sure.
Anyway, here is Gerbino's Roadmap on the Mining Stock:
http://www.gold-eagle.com/editorials_05/gerbino060905.html
An economist at the Bank of International Settlements informed a few weeks ago that the global derivative markets are $279 trillion for exchange traded derivatives but there is an additional $220 trillion in over-the-counter trade derivatives. These numbers are large enough to make one a conservative investor especially when one considers that even a 1% default rate in these speculative and leveraged financial instruments would equal almost the entire U.S. money supply.
