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

Le Metropole Members,

By Ambrose Evans-Pritchard
The Telegraph, London
Monday, June 5, 2006

http://www.telegraph.co.uk/mon…y/2006/06/05/cnrussia.xml

The world's big money brigade is snapping up gold bullion at eight times the rate originally thought, according to a report by UBS, the world's biggest gold trader.

The huge sums entering precious metals below the radar are likely to help to put a floor under the gold price after the dramatic fall of $112 an ounce in late May -- the sharpest correction since the bull market began five years ago.

The Swiss bank said information from its trading floor suggested that funds and investors were allocating 20 percent of their commodity portfolios to precious metals.

This is far more than the index tracking funds run by Goldman Sachs, Dow Jones-AIG, and others, typically taken to be a guide to overall investment flows.

UBS said these indexes gave a deeply misleading impression, obscuring a silent shift of funds from oil into gold.

The Goldman Sachs GSCI index, for example, has a gold and silver weighting of just 2.27 percent, compared to 73 percent for energy.

"If our traders' experience is representative of trends in the wider market, this has very important implications for metals investment," said the bank's gold expert, John Reade.
The UBS gold reports are watched closely by the markets. The Zurich bank is the world's leading gold trader and manages the biggest known stash of private client wealth, surpassing $1,000 billion.

The extra volume in gold buying has been channelled through the London Bullion Market Association, eclipsing the Comex futures market in New York usually monitored by speculators for clues.

Gold recovered from lows of $618.50 an ounce last week to end at $637.30 after weak US jobs data renewed fears of a dollar slide.

"The sort of money that is chasing this market higher is not hot money," Ross Norman, director of the BullionDesk.com.

"It is slow, steady investment by pension funds and long-term buyers. Anybody who thinks this market is about to head sharply lower is reading it badly," he said.

Mr. Norman said there was a chronic dearth of new mine supply across the world due to eco-regulations and a lack of discoveries.

Output in South Africa, the world's biggest supplier, fell to 10.9 percent in the first quarter of 2006 despite high prices. The country's production has reached its lowest level since 1923. "It's becoming very hard to get gold out of the ground," he said.

Oil states armed with an estimated current account surplus of $480 billion in 2006 are thought to be feeding the "stealth demand" for bullion, led by Russia.

President Vladimir Putin, a frequent critic of dollar hegemony, has ordered the Russian central bank to raise the gold share of foreign reserves from 5 percent to 10 percent.

Russia's reserves have surged to $237 billion -- the world's fourth biggest -- after rising 61 percent in 2004 and 40 percent in 2005. With a current account surplus of 10 percent of GDP, it must sweep up a big chunk of global gold output just to stop its bullion share of reserves from falling.

In China, monetary committee member Yu Yongding last week issued the most explicit call to date for Beijing to diversify its $875 billion reserves into gold to protect against a tumbling dollar. "We need to use some of the reserves to buy other assets such as gold and strategic resources such as oil," he said.

-END-

Those readers familiar with my work know that I believe a Gold War is taking place.

It is a war fought within the marketplace, either for the side that seeks dominance of Gold and Silver, or for the side protecting their freedom.

The theatre of war encompasses the entire planet and all peoples. It is a war of stealth - like the robber who comes under the cover of night.

One side wants to dominate and destroy Gold; the other side wants Gold and Silver to be free as the Sovereign of Sovereigns they are. To win at war - one must first know he is in a war - and who his opponent is.

"Hence the saying: If you know the enemy and know yourself, you need not fear the result of a hundred battles.

If you know yourself but not the enemy, for every victory gained you will also suffer a defeat.

If you know neither the enemy nor yourself, you will succumb in every battle." [3]

So notice is hereby given - The Gold Wars are presently occurring in a theatre near you. The fight to have free markets, unhampered by paper fiat debt-money, and the intervention of the State within what are supposed to be free markets is upon us.

What's At Stake ?

So make no mistake - a battle is waging, but it is a financial battle fought in the open markets of commerce, and on the floors of trade and exchange, especially in the gold and silver futures pits where the elite gladiators of today ply their craft.

Why is Gold and Silver perceived to be the enemy of those who rule over paper fiat debt-money? It is because Gold and Silver stand in the rulers' way of controlling all markets and all players in the markets. As one of their best generals Sir Alan has said:

"Deficit spending is simply a scheme for the 'hidden' confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights."

How can it be more clearly stated, and by one who knows from whence he speaks. Paper fiat debt-money is the insidious process of wealth confiscation - and only GOLD and SILVER stands in its way....more

http://www.gold-eagle.com/editorials_05/gnazzo060406.html

Lustig, ich hoerte gerade auf CNBC :

""Iran threatens to boycott with Oil.""

But don't they need the money ? .....war die Frage.

Bob Pisani :D... sagt der trend geht weiter mit dem ""sell off"" der Rohstoffe und deren Aktien sind die heutigen Verlierer.
Mein Depotwert merkt da nix.

What a comic show !

Guat schauts aus mit dem Uranus und der Sonne.

Who needs Mahendra if you watch CNBC.

Irgendeiner muß doch dem Ölpreis auf die Spünge helfen.
Wenn der Öl-Texaner Bush sich nicht mehr traut, springen halt die Mullahs ein.

Sie und die Russen brauchen doch das Euro- und das Gold-Geld

Pisani, Pinsani :D....

Most commodity prices were higher. Silver added 3 cents to $12.12 an ounce and gold rose $4.50 to $645.50 an ounce. Copper fell 5 cents to $3.53 a pound. Gold producer Newmont Mining (NEM:NYSE - commentary - research - Cramer's Take) was upgraded at Citigroup to buy from hold.

Die Mullah Nachrichten und steigender Oilpreis machen wenig fuer deren Aktien heute.

Die tuempeln dahin.

Interesting

:D.. die Freunde von Saudi Arabia helfen sofort aus und sagen es gibt zu viel Angebot im Moment und sie drosseln nun die Oil Produktion.

Falls Iran brav ist dann geht der Oilpreis um ca. 10 Dollar runter.

Im Oilpreis schon eingebaut ist eine Premium von 30 Dollar mit geopolitischen Risiko.

Hat einer von Euch den Video Syriana gesehen.

...so aehnlich laeuft es`ab im Moment.

WHY IS THE DOLLAR SO IMPORTANT ?
BECAUSE BANKS ARE SO IMPORTANT !

Buy Caterpillar, Boing and GM !

.....sagt Pisani !

Kaum zu glauben, die veräppeln uns als seien wir alle Bettnässer.

Lustig, Herr Solana fliegt nach Teheran und bietet der Regierung ein ""Incentive Package"" an.

Burgers/Coke und US Gueter fuer Oil wenn sie das Atom Program stoppen.

Iran ist viertgroesster Lieferant und wichtig fuer die Welt.

Aber ""momentan"" sind die Lager voll, es gibt genug Oil auf dem Markt, sagen sie wieder.

Don't worry !...schwupp diwupp und schon gehen die Oilaktien wieder ins minus.

Benzin um 75 US Cents teurer seit einem Jahr das ist ja genug wenn man einen Spritfresser hat.

Wo immer Solana oder Lord Owen hingeflogen ist gab es Krach hinterher, mich wuerde es nicht wundern wenn er wieder Kriegskurier spielt.

Sobald die mehr Soldaten runter schicken gehts los, die Truppen in Iraq und Afghanistan reichen momentan fuer einen Angriff nicht aus.

Die sind voll beschaeftigt und muede, also bringt man erstmal einen Burger zum Mullah.

Vor den Bomben versteht sich !

Eldorado
> die Truppen in Iraq und Afghanistan reichen
> momentan fuer einen Angriff nicht aus.

Die Verdoppelung der Truppen in Afghanistan wurde für Juli angekündigt:
http://derstandard.at/?url=/?id=2469259

Aüßerdem wurde auch schon ein heißer Sommer angekündigt:
http://www.n-tv.de/675188.html

Lange kann es nicht wohl mehr dauern.

Dann spielen die noch Katz und Maus bis es kuehler wird und alle da sind schaetze ich mal.
Wer hat schon Bock zum schwitzen.
Erstmal Solana mit seinen Angebot, mal schaun wie Iran in ein paar Tagen reagiert auf die ""incentives"" der Amis.

http://www.albawaba.com/en/countries/Iran/198910

Die Incentives der Europaer haben sie am 17 Mai schon abgelehnt:

Iran's President Mahmoud Ahmadinejad on Wednesday rejected a potential European offer of incentives, including a light-water nuclear reactor, to give up uranium enrichment.

"Do you think you are dealing with a 4-year-old child to whom you can give walnuts and chocolates and get gold from him?"
Ahmadinejad told thousands of people in central Iran.

http://www.albawaba.com/en/countries/Iran/198155

15 Best Quotes of May 2006

Monday, June 05, 2006,
By John Rubino

http://www.dollarcollapse.com/iNP/view.asp?ID=31

Just one......

Jim Puplava, FinancialSense

TEN REASONS FOR HYPERINFLATION

1. Global oil production will peak between 2005-2008. Economic growth ceases to exist as global economies and markets are thrown into chaos and turmoil.
2. The War on Terror escalates into a resource war over oil pitting the great powers the US, China, and Russia in a replay of “The Great Game.”
3. Debt creation and monetization hyperinflates as the government’s deficit spirals out of control with a war and a depression.
4. Foreigners begin to bail out of the dollar setting off a dollar crash.
5. The US puts in place capital controls to corral US and domestic money. The War on Terror will be given as the reason.
6. The government takes over GSEs owning most American mortgages.
7. A national mortgage bailout bill is passed lengthening mortgage payments in an effort to forestall debt defaults. A new restructuring agency will be set up to repurchase impaired mortgages from the banking system and renegotiate terms of the debt to avoid default. The 100-year mortgage is born.
8. A national retirement security act is passed forcing private pensions to buy long-dated zero-coupon government bonds that will be inflated away. The reason given will be for plan protection against bear markets.
9. As the US economy goes into a hyperinflationary depression the rest of the world’s economies follow suit. Money printing on a grand scale occurs in western and Asian economies as governments wrestle and try to satisfy the demands of a social welfare state and an angry, aging populace.
10. As governments hyperinflate and debase their currencies, gold will take on its true role as money rising in value against all currencies. The world will move towards a global currency backed by gold.
I have a few more, but these first ten should do for now.

MY ARGUMENTS FOR DEFLATION:
1. Elimination of the Federal Reserve
2. Gold backing of the U.S. dollar
3. Honesty returns as a virtue in Washington
4. World peace

Need I say more?

Bernanke Jolts Markets Over Inflation

Tuesday June 6, 7:52 am ET
By Martin Crutsinger, AP Economics Writer

Federal Reserve Chairman Ben Bernanke Jolts Markets With Worries About Inflation

WASHINGTON (AP) -- Federal Reserve Chairman Ben Bernanke is promising that the central bank will remain vigilant in fighting inflation. The comments sent shock waves through financial markets hoping the Fed was about to call a cease-fire on interest rate increases.

Instead, Bernanke's comments are likely to mean further increases in borrowing costs for consumers on their home and auto loans and credit card debt and for small businesses trying to raise money at their local bank.

The comments to an international monetary conference on Monday were exactly the opposite of what Wall Street was expecting.

Investors had grown hopeful that a slew of slower-than-anticipated economic reports, including a shockingly small 75,000 job increase last month, would persuade the Fed to call a halt to further rate increases.

While acknowledging in his comments that economic growth did appear to be slowing, Bernanke chose to also emphasize a number of troubling developments regarding inflation.

He noted in particular that core inflation, excluding energy and food, was rising at an annual rate of 3.2 percent by one inflation gauge and 3 percent by another.

"These are unwelcome developments," he said.

Bernanke said that the Fed "will be vigilant to ensure that the recent pattern of elevated monthly core inflation readings is not sustained."

That was all Wall Street investors needed to hear on Monday to trigger a stock sell-off that pushed the Dow Jones industrial average down by 199.15 points, or 1.77 percent, the biggest one-day sell-off since the Dow sank by 214 points on May 17, the day the government released a report on consumer prices that showed a worrisome uptick in inflation pressures.

The Japanese market followed suit Tuesday where the benchmark Nikkei 225 index dropped 283.45 points, or 1.81 percent, to finish at 15,384.86 points on the Tokyo Stock Exchange.

Bernanke "provided an emphatic commitment to maintaining price stability that suggests to me that he will be pushing for another tightening at the end of the month," said Stephen Stanley, chief economist at RBS Greenwich Capital.

Economists had been hoping that the Fed, which had pushed a key rate up for a 16th consecutive time in May, would take a pause at the Fed's June 28-29 meeting.

However, many analysts now believe that not only is a pause in June off the table, but that the Fed might decide to keep pushing rates higher at the August meeting as well.

Part of the reason, they believe, is that Bernanke, who succeeded Fed legend Alan Greenspan on Feb. 1, wants to prove his inflation-fighting mettle, much the same way Greenspan did when he took over in August 1987, pushing through a half-point increase in rates at his first meeting.

Bernanke "is earning his inflation-fighting credentials, which have been questioned on Wall Street," said Mark Zandi, chief economist at Moody's Economy.com.

But the outcome could be the same for both men, a risk of overdoing the rate hikes. Greenspan's half-point increase was blamed for contributing to unease that triggered the Black Monday stock market crash in October of 1987.

But economists said Bernanke is apparently willing to run the risk of raising rates too high because he does not want to let the Fed's credibility as an inflation fighter, won over two decades, slip away.

"He is sending a very strong signal that it will be important to stop inflationary forces and expectations from building further," said Lynn Reaser, chief economist at Bank of America Investment Strategies Group.

Part of the problem, analysts said, is that Bernanke has gotten off to a rocky start in terms of communicating his intentions to Wall Street. He first stumbled in testimony before the Joint Economic Committee on April 27 when he raised the possibility that the central bank might pause in hiking rates to assess the impact the earlier increases were having on the economy.

When the markets rallied strongly on the belief that Bernanke was signaling not just a pause but a halt to the two-year rate campaign, the new Fed chairman complained to a reporter at a Washington dinner that he had been misinterpreted. Those comments sent markets plunging when they were reported two days later.

A chastened Bernanke said that any further comments he made would be through "regular and formal channels."

But his remarks in Monday's speech caught the markets by surprise, demonstrating that even when Bernanke is using normal channels he can send investors on a roller-coaster ride.

Analysts predicted as long as Bernanke remains worried that the central bank is behind the curve on fighting inflation, interest rates will keep rising.

How Putin & Iran Will Launch Gold

By: Rick Ackerman, Rick's Picks

Tuesday, June 6, 2006

I’ve long doubted the usefulness of head-and-shoulders patterns, since they tend to be everywhere you look for them. Still, there’s no denying that the one the Dow Industrial Average has been carving out since early March is quite a looker (see below). Yeah, it needs a little more development on the right shoulder to give it proper symmetry. But otherwise, it looks good to go for an 800-point plunge. Does that sound bearish enough? Maybe to you, it does -- but not to me. For if this market is about to unravel the way I expect it to, a 3000-point leg down sounds about right.
But a measly 800 points? That wouldn’t begin to discount some of the more problematical trends that are in the pipeline already, including a real estate collapse and a run on the dollar.

Rubles Only, Please

As of tomorrow, Russia will accept only rubles for its oil and natural gas, and in a month or so Iran and others who use its Euro Oil Bourse will take only euros. These changes have enormously bullish implications for gold, for reasons I shall explain, but catastrophic implications for the U.S. and global economies.

For Russia and Iran themselves, it will amount to shooting themselves in the foot, :(.. although the economies of both of these countries are so robustly cockroach-like that they will probably still be able to hop along, missing a foot, without too much trouble....

http://news.goldseek.com/RickAckerman/1149606671.php

Goldman Sachs Has Gained Too Much Political Power:

Matthew Lynn
June 5 (Bloomberg)

-- Forget ``The Da Vinci Code.''

If you want to get to grips with a real conspiracy, take a look at all the Goldman Sachs Group Inc. staffers taking over important economic positions around the world.

The U.S. Treasury, the Bank of Italy and the Bank of England have all recently poached key policy makers from the world's most profitable securities firm.

While no one would dispute that New York-based Goldman Sachs is a money-making machine full of alpha-brains,.. it isn't healthy for so many decision-makers to be drawn from one source.

It is hard to ignore the trend for appointing Goldman employees to big government-appointed jobs. In the information technology business, they used say, ``No one ever got fired for buying IBM.'' In politics right now, the motto seems to be, ``No one ever got fired for hiring Goldman Sachs.''

U.S. President George W. Bush has just appointed Goldman Sachs Chief Executive Officer Henry Paulson as his new Treasury secretary, one of the most powerful economic jobs in the world.

In January, Goldman Sachs Managing Director Mario Draghi became the new governor of the Bank of Italy. In Britain, David Walton, who was chief European economist for Goldman in London, last year joined the Bank of England's Monetary Policy Committee, which sets U.K. interest rates. In Canada, Mark Carney, formerly managing director in Goldman's Toronto office, is now a senior official in that country's Finance Ministry.

It's not just economic jobs, either. Gavyn Davies went from Goldman to become chairman of the British Broadcasting Corp. for a few years. When someone was needed to run London's preparations for the 2012 Olympics, where did they turn? Goldman of course. Paul Deighton, a chief operating officer at the securities firm, was appointed in December. When politicians need a job filled, it seems they just shout at their secretaries: ``Get me the Goldman phone directory.''

""Goldman Advisers""

http://quote.bloomberg.com/app…ist_lynn&sid=aGS6lvr8ipiw

GS AT WORK.......

Zitat

GS AT WORK

Gut für all jene, die noch nachlegen wollen/müssen - ist ja nur temporär und solange wir weiter physisch kaufen, kann's nur nach oben gehen. Chinesen, Russen wollen auch massiv kaufen, ZA -10%, usw. Alles spricht für steigene Kurse. Und GS können machen was sie wollen, den Dollar werden sie nicht retten können. NO WAY! Was versucht wird, ist ein weiche Landung, die aber nicht funktionieren wird und je länger sie das Weltfinanzsystem an der Herz/Lungenmaschine belassen umso hässlicher wird das Ende.
Also Kopf hoch und weiterkaufen

Also Kopf hoch und weiterkaufen

Wie bekommt man den Oilpreis schnell auf einen Dollar runter ?

Ganz einfach, sie sagen man kommt fuer einige Zeit ohne das Oil vom Iran aus.

Aber nicht wie lange !

Mei sind die Leute deppert.