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

August 19 - Gold $406.60 up $2.60 – Silver $6.80 down 1 cent

Argentina Buys 42 Tonnes Of Gold In First Half Of This Year

The moment one definitely commits oneself, then providence moves too. All sorts of things occur to help one that would never otherwise occurred. A whole stream of events issues from the decision, raising in one's favor all manner of unforeseen incidents and meetings and material assistance which no man could have dreamed would have come his way. Whatever you can do or dream you can, begin it. Boldness has genius, power and magic in it. Begin it now...Attributed To Goethe

GO GATA!!!

With every reason in the world for gold to be $500 bid, it did manage to give us the gap opening we have been looking for, coming in $2 to $3 higher as advertised in this column. Then, as always, the increasingly desperate Gold Cartel put up their DO NOT PASS GO sign and that was it. Gold did make a marginal new high after the first hour, however, it was immediately thrust back to where it was right after the opening, which is where it closed, even after oil SOARED! It should be apparent to even the brain dead the US Government and friends are doing all they can to keep the price of gold subdued.

The big news of the day is Argentina announced it bought 42 tonnes of gold in the first six months of this year. This is HUGE in that it signals a sea change concerning central bank liquidation. All we have heard about for years is selling by central banks. The ones that have done some buying rarely make an announcement such as this. The amount is not insignificant as it represents 1/10th of what the European signatories in the Washington Agreement are allowed to sell for the entire year. It is also important in that it might influence other central banks to follow suit.

And, of course, this shines more light on just how corrupt and deceitful The Gold Cartel is. We know the gold producers were major buyers of gold during the first half of the year. Now, we find out just one central bank bought about 1.7% of the total yearly mine supply.

If the gold industry was worth a dork, they would be jumping up and down about who did the selling, and why, to suppress the gold price. Since the leaders of this industry and their main organization, the World Gold Council, have as much gumption as a bunch of scarecrows, nothing will ever happen in this crucial regard.

BUENOS AIRES, Aug 19 (Reuters) - Argentina's Central Bank confirmed on Thursday that it bought 42 tonnes of gold in the first half of the year in its strategy to diversify reserves after the end of the peso's one-to-one peg against the dollar in early 2002.
"We were positive about gold," a Central Bank official told Reuters on the condition of anonymity. "We thought that in this international context with a war going on and the price of oil going up, we were relatively positive in relation to gold."

The official said gold now accounted for less than 3 percent of Argentina's total foreign reserves. A little more than 20 percent of reserves are now in non-dollar assets, which he considered a "reasonable" level.

He said the Central Bank had not yet decided if it would accumulate more gold.

"We are in this precise moment deciding the benchmark of the administration of reserves," the official said.

-END-

The Russians continue to build their gold reserves too:

MOSCOW (Dow Jones)--The Russian central bank said Thursday that its level of foreign exchange and gold reserves rose $600 million to a record high of $89.6 billion in the week ended Aug. 13. –END-

Only the dummy western central banks are sellers, conned into a duplicitous gold selling scheme by former US Treasury Secretary Robert Rubin and our Fed (soon after Greenspan took a Board seat at the BIS in Switzerland). When gold shoots for the moon, they will look more than foolish. Of course, many of these short-sighted central bankers will be long gone by then, having been put out to pasture.

Don’t know about you, but I am sick and tired of being disgusted and peeved to no end at the price manipulators. This morning I was pumped. All was as it should be. Even the senior gold shares, led by a surging Newmont, were on fire. Then, nothing for the gold price for the rest of the day. Oh for the time when the cabal swine are buried! [Blockierte Grafik: http://www.goldseiten-forum.de/images/smilies/biggrin.gif]

You get some idea what kind of effort The Gold Cartel is making when viewing the open interest which leaped 5320 contracts, or more than 10,000 contracts in just two days. This represents massive selling by the crooks in an effort to control the price, as the specs pile in and oil streaks for the moon.

Irrespective of the price-capping, the gold chart gains more power by the day:

December gold
http://futures.tradingcharts.com/chart/GD/84

Silver ran up to $6.91 soon after the opening and that was it for its positive price action also. Profit taking set in from there on in. Not much to add except the open interest jumped 1576 contracts to 97,685.

The John Brimelow Report

Middle East, Argentina: Thanks, WGC

Thursday, August 19, 2004

Indian ex-duty premiums: AM $5.31, PM $6.47, with world gold at $404.20 and $405.45. Adequate for legal imports. This is basis Bombay; but the other Indian cities Reuters reports show similar results. Surprising, given the rise in world gold; maybe Festival season demand is starting to appear.

TOCOM officials reported gold futures volume today, 18,915 TOCOM lots equal to 6,081 Comex, traded below 20,000 lots for the first time since September 2cnd, 2002. It was also 69% down on yesterday. TOCOM speculators have no faith in US$ gold it seems, and considerable confidence in the yen. The active contract closed unchanged and world gold was 25c below NY at the end. Open interest was static (-33 Comex contract equivalent). (Yesterday NY traded 35,599 contracts; open interest rose a comparatively steep 5,320 lots. Open interest has now risen 13,876 contracts or 1.387 Mm ozs - 43 tonnes - this week, with Comex gold going up only $5.30.

Oddly, the Tokyo kilo bar premium, refreshed today by Reuters, is a fairly respectable 50c. This suggests that physical, perhaps jewelry, demand is reasonable, even if the appetite for leveraged futures positions is low. Premiums around the Far East are consistent with moderate appetite, except in Hong Kong. Shanghai is trading at a discount.

The Dubai kilo bar premiums which can be derived from the Standard London website

http://www.standardbank.com/PreciousMetals/home.asp

(a total of 12 readings this morning – it updates every half hour) are very high, mostly in the $1.25 -$1.50 range. They are distinctly higher than normal over the past month, despite gold’s exuberance today. While one is not entirely confident about this vantage point, this news does square with the idea of heavy Middle Eastern buying coming in, facilitated no doubt by the Oil price.

The idea that initiative has shifted to the Eastern physical market perhaps explains the confusion amongst the commentators, who seem to be at a loss to explain gold’s stealthy upward creep.

The news that the Argentine Central Bank has started rebuilding a gold position seems similarly to have bemused observers. As none of them appear to remember, Argentina followed Australia in 1997 in the parade of Central Banks routing the gold market by announcing heavy sales (in this case, virtually all the country had). Since then, Argentina has experienced a serious FX crisis, which makes it surprising to see the country straying off the Dollar plantation. Further, and astonishingly, Reuters has subsequently carried an interview with an anonymous Argentine Central Bank official extolling the move as a prudent investment decision:

"We were positive about gold," a central bank official told Reuters on the condition of anonymity. "We thought that in this international context with a war going on and the price of oil going up, we were relatively positive about gold."

Apparently this is part of a diversification decision:

"During the era of convertibility, we practically had 100 percent of reserves in dollars," the official said. "Once convertibility was abandoned, the central bank decided to modify the proportion that it had in dollars and we began diversification." In addition to gold, the central bank has bought euros, Japanese yen, British pounds and Swiss francs."

It is difficult to recall the last time a Central Bank spoke positively about gold’s role in a FX Reserve portfolio, except cosmetically in the context of selling.

The World Gold Council, which broke the news, claims to have known about this all along.

"The purchases were reported by the IMF every month and we have tracked them -- we know that they (Argentina) bought varying amounts in January, February, March, April and May," WGC senior economist Jill Leyland told Reuters."

Gold’s friend’s will appreciate the characteristic moral courage and dedication to gold owners shown by the WGC in failing to ensure that this positive information, supposedly in the public domain, got appropriate publicity.

JB

The World Gold Council is beyond worthless. Any company contributing $3 per ounce of gold production ought to have their head examined. Shareholders in those companies ought to vigorously protest this outrage.

CARTEL CAPITULATION WATCH

The dollar fell .33 to 87.82 and the euro gained .41 to 123.64.

08:30 Jobless claims for w/e 8/14 reported 331K vs. consensus 335K
Prior week revised to 334K from 333K.
* * * * *

DJN: *DJ US Aug 7 Continuing Claims +16K to 2,904,000 EOM
* * * * *

10:30 EIA reports natural gas inventories +78bcf vs. consensus +80bcf
For reference, the year-ago data was +77bcf. September natural gas futures are currently trading slightly higher in reaction to the data.
* * * * *

12:00 August Philadelphia Fed index reported 28.5 vs. consensus 30
Prior reading was 36.1.
* * * * *

Philadelphia Fed Manufacturers Report Slower Pace of Growth

PHILADELPHIA, Aug. 19

Activity in the region's manufacturing sector continues to expand, according to firms surveyed for this month's Business Outlook Survey. Most of the survey's broad indicators of activity, however, suggest a more moderate pace of growth than in July. Indicators for new orders, shipments, and employment remained positive but fell from their readings in July. Firms continue to report a rise in prices for inputs and for their own finished goods. Despite the decline in the survey's indicators for current activity, expectations for general growth over the next six months remain very positive….. –END-

That lower pace of growth was with oil some $9 to $11 (33%) a barrel cheaper than it is today. It is generally acknowledged the sharply increasing oil price is a drag on the US economy. If so, what are the August and September economic numbers going to look like?

If it weren’t for the PPT goosing the US stock market, you have to wonder what the DOW and DOG would be selling at today – what with oil soaring and Iraq falling apart.

Perhaps one reason the skyrocketing oil prices have not made a large impact yet on US consumers and stock players is that gasoline prices have been substantially lagging the oil price increases. In many cases gasoline prices (for some reason) have not gone up at all the past few weeks. This is important to keep in mind because it is gasoline prices (and heating oil prices in winter) which the consumer reacts too, not what WTI is selling for in Oklahoma. This tells me the consumer is going to experience some sticker shock in the weeks ahead and curtail other spending.

Meanwhile, while the low-life bums in New York and Washington capped gold in the most blatant of fashions, crude oil went berserk, closing at $48.70, up $1.43. One of the reasons why:

14:40 Militants set fire to Iraqi South Oil Co. buildings
Al-Sadr loyalists reportedly broke into the oil company compound and burned the warehouses and equipment to the ground, according to the report. The fire then spread to the company offices.
* * * * *

Only a matter of time before THIS has a major impact on consumers around the world:

September crude oil
http://futures.tradingcharts.com/chart/CO/94

Incredibly (that is if you never heard of the PPT) the DOW only closed down 42 to 10,040. At one point it crashed through 10,000, however, the price manipulators, having done their thing on the Comex, rushed in to save the day and turn the DOW around. The DOG lost 11 to 1820. This US stock market has become a joke. It won’t be too funny to the investors when it collapses and investors find out they were conned into investing into an illusion – an illusion fostered by Orwellians manipulating markets behind the scenes. What a disaster it is going to be when this all blows up!

There were rumblings today that Fannie Mae is having trouble with its derivatives positions. This is just one more reason The Working Group on Financial Markets has The Gold Cartel working overtime to stop gold, if they can. A streaking gold price could set off a derivatives neutron bomb in either the interest rate or gold market, or in both. The bad guys must be extremely nervous at the moment with oil flying, the one market they cannot control. Should the unexpected happen and oil was to take out $50 per barrel, bells and whistles are going to start flashing in the derivatives markets and put the PPT crowd in a monster sweat.

GATA’s Mike Bolser:

Hi Bill:
The Fed added a whopping $19.25 Billion in temps today August 19th 2004, an action that hardly changed the repo pool's ma but jumped the pool total up to $50.765. The DOW's 30-day ma is still dipping to new lows for the move and the pool's ma likewise is rolling over from its linear phase (although this move is VERY early). The DOW is weak at this hour 11AM and that suggests the Fed isn't getting the old bang for their repo bucks. What the Fed HAS done well is squeeze the bond market into submission using "policy puts" with the 30-year tracking at 5.0% in a flat line condition.

I have updated my site to include additional charts some of which are based upon proprietary and synthetic metrics and will move to a subscription basis with a new gateway site in Early September:
http://www.pbase.com/gmbolser/root
Failure mechanism

I reported yesterday that the Fed had decided to hold $400 by oscillating above and below that value while doing the opposite with the MCDI (major currency dollar index). A proprietary metric shows this pattern and even gave some lead time to it. Today's action continues to show the Fed's efforts in this regard but it is interesting to note the Fed has used most of its predicted up range in my metric.

We see a pattern today of a fairly big move in gold but barely any dollar change. IF my interpretation is correct, the Fed has relaxed their hold to the top of their mini-cycle range and, in order to maintain its oscillation above and below $400, will add down pressure very soon, say, early next week. If this doesn't happen then the Fed may retreat to a higher DIVG defense level. It is a time of change for the Fed. Can they hold?

I have data that shows what happened the LAST time the Fed decided to retreat higher (note that the Fed has altered their historical MCDI data and only if one has recorded it daily can it be reliable). On July 21rst 2003 the Fed failed in its gold manipulation (likely due to a high gold loss RATE) and retreated upward in the DIVG. On that day gold shot up over $5 but the dollar hardly changed at all thus jumping the DIVG out of control. The Fed then chose for its upward retreat slope the exact upward tilting linear regression line of the previous 6 months.

Even if today's jump is just a blip, the Fed's ultimate failure will be signaled by a big gold move AND no change in the dollar. It is this kind of action to which we must be sensitive.

No matter what the Fed imagines their control status to be, the market of physical buyers is growing and that group will overwhelm the Fed at the least expected time (including some central bankers who surprise the Fed and abandon the cartel). The government's Wall Street acolytes may be able to short the gold shares of highly liquid miners, but they can't manufacture gold or silver.

More on strategic oil

August 18, 2004, 8:56 a.m.
Oil: Fear vs. Fact
The petroleum market is climbing a wall of worry.

http: /www.nationalreview.com/nr...180856.asp

"Speculation pervades the oil market, with fear of a supply outage pushing oil prices to $46 a barrel ‹ a record level. This price reflects a premium of $18 to $22 above what supply-and-demand fundamentals can satisfy.

Historically, the relationship between oil prices and industry-held oil inventories explained more than 90 percent of the moves in oil prices: Whenever inventories rose, oil prices fell (and vice versa). However, the relationship broke down this year. Even though inventories have built strongly, oil prices have soared.

In the past, inventory levels of 295 million barrels ‹ the current level have dictated an oil price in the range of $24 to $28 a barrel. The difference between this price range and the current price represents a fear premium that supply with be insufficient to meet demand." END

Mike: The writer forgets that "oil inventories" may be physically high while the contained oil has already been sold forward. Exactly the same scenario in central bank gold as central banks claim 33,000 tonnes of vault gold while they actually have sold 15,000 tonnes of it forward.
++++++++++++++++++++++++++++++++++++++++++
And we also see that refinery production is slipping:

US refining capacity, product demand not rising in step

By Oil & Gas Journal editors
HOUSTON, Aug. 18 -- US refining capacity has not kept up with increasing demand for petroleum products. Some within the industry view this decline as being driven by fundamental refining trends as well as the globalization of product trading.

This view, however, "holds that the US refining capacity situation is the inevitable result of a global market for petroleum products, as well as the decline in domestic crude production," according to a report released Tuesday by New York-based Petroleum Industry Research Foundation Inc.

(PIRINC) entitled, Refining Capacity: Challenges and Opportunities Facing
the US Industry. END
++++++++++++++++++++

I continue to believe that the SPR has been drained as today we push through $48 per bbl. The Wall Street propaganda that high oil and resultant trade deficit explosions aren't a problem tells us that they ARE a problem even as the states reduce their fuel taxation giving voters the temporary illusion of cheaper oil. These actions are NOT the moves of a government in control of its Strategic Petroleum Reserve inventories. On the contrary, the recent market developments continue to say that there's no more oil left to sell out of the SPR.
Mike

From The King Report last night:

The Boston Globe reports Bank of America will lay off hundreds of tellers and other employees at Fleet bank branches. The layoffs commenced Wednesday. A Fleet manager estimates at least 1,500 people will lose their jobs…But now then can move from the Establishment Report to the Household Survey or stay within the Establishment Report’s B/D Rate by becoming self-employed. -END-

Bernie Schaeffer calls attention to the ongoing market manipulations again:
http://www.schaeffersresearch.…bservations.aspx?ID=10876

A heads-up for you:

China Reform Monitor No. 557, August 18, 2004
American Foreign Policy Council, Washington, DC
http://www.afpc.org

Editor: Al Santoli
Associate Editors: Miki Scheidel, Lisa-Marie Shanks

RISING SINO-JAPANESE TENSIONS THREATEN ASIAN STABILITY;
NEW "HIGHLY-ACCURATE" PLA GUIDED MISSILE

August 8:

China is steadily increasing its political, economic, and military pressure on Japan, subsequently heightening Sino-Japanese tensions, reports the Taipei Times. The sovereignty conflict over Tiaoyutai (Senkaku Islands) and the repeated encroachment of Chinese survey ships in Japan's territory in the East China Sea has played a part in a rapid increase of nationalism in both countries. In addition, China's ongoing military development forced Japan to amend its Constitution to allow for a more liberal use of military power [See Asia Security Monitor No. 86]. The increased Sino-Japanese tension will speed Japan's military reform and promote military cooperation with Taiwan and the U.S.

August 10:

The Chinese Communist Party's Central Military Commission, in which ultimate control of the military resides, will be expanded to co-opt the commanders of the air, naval and missile forces, reports the Singapore Straits Times. In an overall restructuring of top command structure, China appointed two experts - Lieutenant-General Xu Qiliang and Vice-Admiral Wu Shengli - well versed in anti-aircraft carrier warfare to head the People's Liberation Army (PLA) General Staff Department (GSD). The GSD - which has been dominated by the army for decades - is responsible for planning and executing war plans. The two new deputy chiefs of staff are deeply involved in war preparations against Taiwan, having spent a large part of their careers in air force and navy units based in Fujian, the Chinese province nearest Taiwan.

August 13:

A new detailed analysis by the U.S. International Trade Commission reported that the trade position in every domestic manufacturing sector worsened last year and is rapidly losing ground to China, reports Manufacturing News. The ITC analysis stated that some key U.S. manufacturers suffered "severe deterioration" in international markets. Although U.S. exports increased by $21.8 billion in 2003, imports soared to almost five times that amount - reaching $1.3 trillion - causing a U.S. manufacturing deficit increase of $73.5 billion.

ITC suggests that since its entry into the World Trade Organization (WTO), "China has drawn production away from the United States, Mexico and many Asian countries primarily because of low labor rates and government policies promoting foreign investment." U.S. imports of computer products from China increased by 48 percent last year. In addition, major U.S. computer manufacturers such as Dell and Hewlett-Packard as well as the largest contract manufacturers in the world, especially from Taiwan, have shifted substantial operations to China.

August 17:

China has successfully tested a new guided missile that the official China News Service claims is highly accurate, reports China Daily. The missile, developed by the China Aerospace Science and Industry Corporation, "accurately hit its target with a high degree of precision," said project researcher Feng Dawei. He added that his fellow researchers were committed to, "realizing the grand task of reunifying the motherland." China's Minister of Defense and Vice-Chairman of the powerful Central Military Commission, Cao Gangchuan, attended the test and praised the researchers for having made a "huge contribution."

-END-

Mahendra is attracting all sorts of attention:

http://news.goldseek.com/RickAckerman/1092841200.php

World Gold Council says Q2 consumer demand for gold rose

http://www.iii.co.uk/shares/?t…id=5053486&action=article
LONDON (AFX) - The World Gold Council said consumer demand for gold rose in the second quarter from the year-earlier period, with increased consumption of jewellery and retail investment, although institutional investment demand is thought to have fallen.

Consumer demand rose 11 pct in tonnage terms to 743 tonnes, and by 25 pct in US dollar terms, from the year earlier, said the organisation which is funded by the world's leading gold mining companies.

Total gold supply fell 10 pct to 820 tonnes from the year-earlier quarter on lower Central bank supply and a dip in mine production

….-END-

So we now have the following confirmed for the second quarter:

*gold producers covering like mad
*a surprise major central bank buyer
*gold demand rising 11%
*and supply down

So World Gold Council, why did the gold price fall?

A look at the Fed’s gold:

http://news.bbc.co.uk/2/hi/business/3577356.stm

Bill, It's me again - the timing of this article and the obscurities and clangers inside it are just amazing. I'm not surprised...

"Foreign governments are not charged by the Fed for storing their precious reserves, but fees are incurred for withdrawals, or for moving bars to another compartment within the vault."

I wonder why Matthew Wells was allowed a glimpse of the stash of gold and no auditors have been allowed there for years, when it's supposed to the public's gold?!! Maybe Mr. Wells could throw some light on how this article was instigated. At the risk of boring you, I thought I'd send this on in case you hadn't seen it
Peter

Thoughts from London town way:

Good morning Bill
I thought I might have seen commentators/analysts mention my comment below, but since I haven't I thought it worth mentioning.

Clearly the South African Central Bank interest rate was not helpful to SA gold miners and exporters. Comments on the net abounded that SA miners were getting killed and it would be only a matter of time before a fair percentage of them went out of business; a forecast 3% licence or sales tax didn't help sentiment either.

My comment is that the move by Goldfields to acquire 70% of Iamgold and place that investment, together with Goldfields international operations in a non SA entity woke up the SA government that unless they provided a friendlier business environment for its mining industry, it wouldn't have a mining industry - it would have moved out of SA. For example not only Goldfields, but Harmony and Durban Deep all have significant and growing operations outside SA. Hence the 50 bp cut in SA rates last week, and look at the charts of Goldfields and Harmony to see what that did to their share prices.

As I write Nymex spot trading strongly at $47.50 and just hit $47.52 (new contract high) (CNBC Europe have now moved Nymex oil to the top of the right-hand price bar along with the DJIA, S&P and NASDAQ quotes. How long before CNBC puts gold there!) and spot gold trading at $406.30; both looking strong.

Just took a break to listen to Andy Smith of Mitsui Busan Commodities. This is the first time I have heard/seen him on TV. Not impressed. He thought gold might make $420/30 on political and global tensions, but after the US presidential election gold and other commodities, which really hadn't risen impressively, would drop, with gold likely to hit £370. He agreed that gold and the dollar had a close relationship which had existed for 50 years or more and saw no reason why it shouldn't continue for another 50 and that the $US hadn't much further to fall since most analysts thought it would fall further (what about the gold/oil relationship of 1/15 ?[or 1/16 as you put it recently]). None of the arguments we know, and which you and Jim Sinclair run incessantly, ever figured in his commentary, if only to knock those arguments down. All in all, a poor, unconvincing presentation; if that's all the opposition can come up with by way of analysis, we don't have much to worry about.

You have regularly mentioned the lack of guts in gold mining management in taking on, or even mentioning the cartel. It seems to me that the mining industry, or its major players at any rate, should form their own association, the WGC is a waste of time, and indicate to the market that they would only be prepared to supply gold to the market within limits of price and destination; ie, a list of preferred customers excluding known shorters.
All the best
Ian

My GATA colleague, Chris Powell, did a bit of technical work for us last night:
My technical observations, for what they're worth:

1) While most of the gold and silver shares have rallied nicely this week, most have done so on below-average volume, suggesting that the party really hasn't started up again yet.

2) A bunch of the shares I follow closely are recovering their 50-, 100-, and 200-day moving averages, a sign of growing strength. The silver miners seem strongest in this respect. For example:

The HUI has just recovered its 50- and 100-dma and is near to recovering its 200-dma:
http://finance.yahoo.com/q/ta?s=^HUI&t=1y&l=on&z=m&q=l&p=m200,m100,m50&a=&c=

Newmont has recovered its 50- and 100-dma and is just now recovering its 200-dma:
http://finance.yahoo.com/q/ta?…q=l&p=m200,m100,m50&a=&c=

Placer Dome is just now recovering its 50-, 100-, and 200-dma:
http://finance.yahoo.com/q/ta?…q=l&p=m200,m100,m50&a=&c=

Pan American Silver is just now recovering its 50-, 100-, and 200-dma:
http://finance.yahoo.com/q/ta?…q=l&p=m200,m100,m50&a=&c=

Silver Standard has comfortably recovered its 50-, 100-, and 200-dma:
http://finance.yahoo.com/q/ta?…q=l&p=m200,m100,m50&a=&c=

Royal Gold has recovered its 50- and 100-dma and is nearing its 200-dma:
http://finance.yahoo.com/q/ta?…q=l&p=m200,m100,m50&a=&c=

Western Silver is just now recovering its 50-, 100-, and 200-dma all at once:
http://finance.yahoo.com/q/ta?…q=l&p=m200,m100,m50&a=&c=

Goldcorp has recovered its 50- and 100-dma:
http://finance.yahoo.com/q/ta?…q=l&p=m200,m100,m50&a=&c=

Apex Silver has just recovered its 50-, 100-, and 200-dma:
http://finance.yahoo.com/q/ta?…q=l&p=m200,m100,m50&a=&c=

cp

For the second day in a row, Golden Star Resources led the HUI, gaining 50 cents (11.71%) to $4.77. That’s more like it. Lot more fun when it is headed north versus towards the toilet. My objective remains $21+ per share. Bellwether Newmont has really taken off and is running away from hedge-laden Barrick once more. Newmont, the leader of the senior pack, closed at $44.03, up $1.76, while the ally of The Gold Cartel, Barrick Gold, finished the day at $19.97, up 42 cents.

The HUI rose 8.35 to 205.21 and the XAU lifted 3.61 to 94.02.

Technically speaking, the HUI looks very powerful as it took out a double top made in both the middle of May and around July 9. There is modest resistance at 210 and heavy resistance at 240. Chris Powell says the "measured move" should take the HUI to 250.

HUI
http://bigcharts.marketwatch.c…&o_symb=hui&freq=1&time=8

Many of the smaller golds still aren’t catching any bids. This could change dramatically in the days and weeks ahead. Those not on board might find it very difficult getting on the train.

With oil doing what it is and Iraq blowing up, it is hard for me to see the heinous Gold Cartel holding gold and silver down too much longer. The Arabs are likely to show up one day at the BIS and say, "we will take all the gold you have left." Checkmate!

GATA BE IN IT TO WIN IT!

MIDAS

@ Thom: Danke für Deine Querverweise auf diese Diskussion im Silberaktien-Thread. Für unsereins stehen die Scharlatane halt in einer ganz anderen Ecke !

Gruß
Schwabenpfeil

Hallo Schwabenpfeil

gerne geschehen!
Es gibt eben Leute, welche glauben, alle Abweichler von der gängigen Meinung seien Scharlatane. Ich denke, das sehen wir zu recht anders.
Grüsse,
Thom

Gold bricht aus - geht eben übner die 411 Dollar

Kitco's Kurse stimmen wieder nicht.

Gold jetzt 414 und Silber 6,98

ps, Öl war gestern (oder vorgestern?) über 3% gestiegen. Warum sollte das nicht Gold auch gelingen???

Hallo thai,

schön dass Du wieder zurück bist. :)) :)) :))

Gruss

Warren

Hallo Thai

welcome back!
Ja, wir sind nach wie vor sehr positiv gegenüber Gold und Silber eingestellt, so leicht verdirbt uns niemand die Freude daran...
Offensichtlich bist Du auch rechtzeitig zurück zum Zeitpunkt, an dem die saisonale Schwäche für dieses Jahr zu Ende geht.

Ich frage mich, was schneller bei 20$ angelangt: der Preis einer Googleaktie oder einer Unze Silber...

Grüsse,
Thom

Hallo Thai,
willkommen zurück
[Blockierte Grafik: http://download.smiliemania.de/smilies132/00000299.gif]

Willkommen zurück.

Wenn der Goldpreis jedesmal so steigt, wenn Du aus dem Urlaub zurück kommst, dann würde ich Dich bitten öfter in Urlaub zu gehen.

Thom

Mit Google könntest Du gar nicht so unrecht haben.

Der KGV liegt weit über 100 und ansonsten haben die ja kein Produkt, das es woanders nicht auch gibt. Das Google jetzt sogar einen höheren Börsenwert als GM hat, hat mich schon erstaunt. Wenn ich nicht extra in meinen Kalender geschaut hätte, hätte ich gedacht, ich wäre irgendwie wieder im Jahre 2000 gelandet, mitten in die schöne Dotcom Bubble rein.

Wie wäre es mit einem Spiel, wo es darum geht, ob Silber oder Google die $20 Marke zuerst erreicht.

Was Google und andere Internetsuchmaschinen betrifft, kenne ich mich
nicht aus. Aber ich denke mal, Bill Gates wird sich nicht kampflos erge-
ben. Immerhin sitzt er, was den Cash Flow betrifft, am längeren Hebel.
Von daher gesehen denke ich, google ist hoffnungslos überteuert.

Gruss

Warren

Hallo Thai,

Optionsscheine auf Google gibt es selbst im Land der untergehenden Sonne erst ab morgen. Und ich denke, naiv wie sie da drüben sind, werden es calls sein.

Gold bei 500, Silber bei 12, das wäre doch was.