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

  • alle,



    habe heute im W O Board gesurft,unter anderem auch im Gold Board, als ich deinen (THAIGURU) Thread anklickte,da er wieder weit oben stand,bin ich ausgeloggt worden,ohne überhaupt an die postings zu gelangen.Habe min.eine Stunde versucht wieder reinzukommen, zwecklos! Man müssen die böse sein!!!


    Kann man dagegen vorgehen?Kommt mir so vor als wenn der Mod verpennt hat in Silber einzusteigen :D

  • [Blockierte Grafik: http://www.primezone.com/img/topleft.gif]


    http://www.primezone.com/newsr…ws_releases.mhtml?d=55193


    [Blockierte Grafik: http://www.primezone.com/img/mcenter_hdr_nav.gif]


    [Blockierte Grafik: http://www.primezone.com/img/mediacenter.jpg]



    Source: Randgold Resources Limited


    Randgold Resource Base Boosted By Increased Ounces At New Mine


    Jersey, Channel Islands, April 1, 2004 (PRIMEZONE) -- London (RRS) and Nasdaq (GOLD) listed gold miner Randgold Resources expanded its total attributable resources from 7.67 million ounces to 7.95 million ounces* in 2003 on the back of an increase from 4.26 million ounces to 5.32 million ounces at its Loulo project, currently being developed as a new mine.


    The Company's annual resource and reserve declaration, published today, shows that the increase results from a deep drilling programme at Loulo which continues to prove the extensions of orebodies to depth. At the Yalea extension alone, indicated resources increased by more than half a million ounces. Deep drilling at Loulo is continuing and following the positive scoping study completed in 2002, a feasibility study focusing on the detailed planning and evaluation of underground mining of the Loulo 0 and Yalea orebody extensions is expected to be completed by the end of 2004.


    The Company achieved a net gain in ounces for the year in spite of the decrease in resources at Morila due to depletion through mining and a re-estimation of the orebody gold content.


    Chief executive Dr Mark Bristow said that Randgold Resources' growth strategy, in terms of which a wide and consistently renewed base of prospects at the bottom feeds a steady development process leading to production at the pinnacle, was designed to counter the natural consumption of mining assets. "As resources at Morila diminish through mining, we feed our portfolio by exploring satellite mineral deposits around the Morila, Loulo and Tongon deposits as well as looking for new prospects through aggressive exploration programmes which now cover some 9 000 square kilometres and six African countries," he said.


    Despite the decrease in resources at Morila, the annual resource and reserve declaration still showed that the higher-confidence, measured resources at Morila increased from 14% of the total at the end of 2002 to 40% of the total at the end of 2003 and that reserves in the proved category increased from 17% to 43%. "Morila remains a world class mine that offers Randgold Resources strong cash flow in the medium term, which it will invest in its future growth," said Bristow.


    Note:


    * Resource and reserve estimates have been recalculated to exclude Syama, which was placed on care and maintenance in 2000 and is currently under option to Resolute.


    BACKGROUND ON RANDGOLD RESOURCES:


    Randgold Resources (LSE:RRS) (Nasdaq:GOLD) is an international gold mining and exploration business focused in Africa, incorporated in the Channel Islands in 1995 and listed on the London Stock Exchange in 1997 and Nasdaq in 2002.


    On 22 September 2003, Randgold Resources was accepted as a member of the FTSE 250 Index.


    It has to date discovered the 7 million ounce Morila deposit in southern Mali, the plus 2 million ounce Yalea deposit in western Mali and the 3 million ounce Tongon deposit in Cote d'Ivoire.


    The Company successfully developed the Morila deposit into one of the world's largest and highest-margin gold mines, which since it commenced production in October 2000 has produced just over 2.5 million ounces at a total cash cost of approximately US$90 per ounce. The Company has commenced the development of a new mine at Loulo, with the open-pit operation scheduled to commence in July 2005. Feasibility study work on the underground potential to extend the life of the operation is continuing.


    Randgold Resources has a prefeasibility project at Tongon in Cote d'Ivoire and a portfolio of prospective exploration projects in Mali, Cote d'Ivoire, Senegal and Tanzania.


    Full information on the company is available on the website at http://www.randgoldresources.com


    DISCLAIMER:


    Statements made in this document with respect to Randgold Resources' current plans, estimates, strategies and beliefs and other statements that are not historical facts are forward-looking statements about the future performance of Randgold Resources. These statements are based on management's assumptions and beliefs in light of the information currently available to it. Randgold Resources cautions you that a number of important risks and uncertainties could cause actual results to differ materially from those discussed in the forward-looking statements, and therefore you should not place undue reliance on them. The potential risks and uncertainties include, among others, risks associated with: fluctuations in the market price of gold, gold production at Morila, the development of Loulo, estimates of reserves and mine life and liabilities arising from the closure of Syama. Randgold Resources assumes no obligation to update information in this release. For a discussion on such risk factors, refer to the annual report on Form 20/F for the year ended 31 December 2002, which was filed with the Securities Exchange Commission on 27 June 2003.



    This information is provided by RNS
    The company news service from the London Stock Exchange


    CONTACT:
    RANDGOLD RESOURCES ENQUIRIES:


    Chief Executive Financial Director Investor & Media Relations
    Dr Mark Bristow Roger Williams Kathy du Plessis
    +44 779 775 2288 +44 779 771 9660 +27 11 728 4701
    Cell: +27 (0) 83 266 5847
    randgoldresources@dpapr.com

  • [Blockierte Grafik: http://www.cbc.ca/gfx/header_news_left.gif]


    http://www.cbc.ca/cp/business/040331/b033164.html


    Wheaton River stock soars, Iamgold drops on news of $3-billion merger plan

    03:42 PM EST Apr 01

    NANCY CARR


    TORONTO (CP) - Wheaton River Minerals' stock soared and Iamgold Corp. stock lost more than 10 per cent Wednesday on news of a planned $3-billion merger of the two gold mining companies.


    Shares in Wheaton River (TSX:WRM) traded up 29 cents, or seven per cent, at $4.41. More than 40 million shares had changed hands by early afternoon, making the stock the most active on the Toronto stock market. But shares in Iamgold (TSX:IMG) fell 94 cents to $8.41.


    Executives of both companies dismissed the stock swings as insignificant in the long term of the new, as yet unnamed company, which may produce up to one million ounces of gold a year.


    Zitat

    "We don't foresee (Iamgold's loss) to be a long-term phenomenon or that this has permanently impaired the value of the company,"

    Iamgold CEO Joseph Conway said in a conference call.


    Zitat

    "I would frankly say that activity will subside in the short term and the stock will rebound back to the price that you saw yesterday, for example."


    The deal, announced late Tuesday and still requiring various approvals, will put the combined company among the top 10 gold producers in the world. Recent acquisitions by Wheaton River had already positioned the company in the No. 4 spot among Canadian gold companies, behind Barrick Gold, Placer Dome and Kinross.


    The new firm will have operating interests in seven gold mines in the Americas, West Africa and Australia. Forecast 2004 production will be one million gold equivalent ounces, plus exposure to copper production.


    The two companies' executives said the friendly merger will allow them to "build a larger platform" to compete in the global gold market.


    Zitat

    "We see this industry rocketing toward looking like other industries, where you have fewer and fewer larger players, and we're going to be at the forefront of that,"

    said Ian Telfer, Wheaton River's CEO and chairman.


    Telfer said any acquisitions the merged company makes should be "primarily gold, if not completely gold," and will be interests that produce more than 200,000 ounces of gold a year.


    Merger negotiations were completed quickly, in about 60 days, at a time when prices for the precious metal are soaring above $425 US an ounce and gold companies are scrambling to produce as much of it as possible.


    The market has also been buzzing about a possible merger between Canada's biggest producer, Barrick, and global giant Newmont, based in Denver.


    Under the proposed transaction, each Wheaton River share would be exchanged for 0.55 of an Iamgold share, which the companies said represents a 22 per cent premium over the five-day average closing share price of Wheaton as of March 30.


    Based on 0.55 of an Iamgold share valued Tuesday at $9.35 on the Toronto stock market, and the more than 567.6 million shares of Wheaton outstanding, the deal would be valued at around $2.9 billion Cdn.


    The combined company would be held 68 per cent by existing Wheaton shareholders and 32 per cent by current Iamgold shareholders.


    © The Canadian Press, 2004


    [Blockierte Grafik: http://www.cbc.ca/gfx/icon_cponline.gif]

  • [Blockierte Grafik: http://www.ccnmatthews.com/images/ccnlogo.gif]


    [Blockierte Grafik: http://www2.cdn-news.com/database/fax/2000/jag.jpg]


    NEWS RELEASE TRANSMITTED BY CCNMatthews


    Jaguar Mining Plans US$8.8 Million Exploration Program In Prolific Brazilian Gold Belt


    http://www2.ccnmatthews.com/sc…pl?/current/0331056n.html

  • [Blockierte Grafik: http://www.ccnmatthews.com/images/ccnlogo.gif]


    NEWS RELEASE TRANSMITTED BY CCNMatthews


    [Blockierte Grafik: http://www2.cdn-news.com/database/fax/2000/MR02112003.GIF]


    Metallica Resources Announces Completion Of The Purchase Of Glamis Gold's Royalty At Cerro San Pedro Project,
    Mexico


    http://www2.ccnmatthews.com/sc…pl?/current/0331031n.html

  • [Blockierte Grafik: http://trinity.mips1.net/42256…/%24File/mining_small.gif]


    http://trinity.mips1.net/MGGol…6E680059540B?OpenDocument


    Kebbles' Randgold link unravelling


    By: Stewart Bailey


    Posted: 2004/03/31 Mi 18:15 | © Mineweb 1997-2004


    JOHANNESBURG (Mineweb.com) -- Randgold & Exploration (RG&E), the South African-listed explorer and investment group controlled by Johannesburg’s Kebble family, has sold about one-sixth of its shares in London-listed Randgold Resources, to fund investment in The Afrikander Lease.
    Roger Kebble, the chairman of RG&E, told Mineweb the company’s share in Randgold Resources had dropped (from 43%) to its current level of 36%. The proceeds from the sale of shares was used to settle debt of about R72 -m, to boost the company’s balance sheet and to buy Aflease stock.


    While the fortunes of Aflease and RG&E are fast converging - RG&E plans to splurge R82,5-m on Aflease shares, loan the company R15-m and underwrite its upcoming rights issue - it is becoming increasingly disentangled from Randgold Resources. Not only has its shareholding in Randgold Resources decreased, but RG&E has also moved out of Randgold Resources’ south Johannesburg headquarters. The shift will relieve Randgold Resources of some reputational baggage that the Kebble-connection inevitably bring to the company, a point that will not be lost on its chief executive, Mark Bristow.


    Despite the smaller stake, however, RG&E will maintain more than a passing interest in its London-listed offspring, given its R2,05-bn stake in the company is by far its single biggest asset.


    But Kebble’s focus is clearly on RG&E. He says the liquidation of the Randgold holding was done to give RG&E the cash to spend on “undervalued shares” and to give its balance sheet the wherewithal to aid its transformation into an operating company.


    “We want this to be a real mining company and not necessarily just in gold,” says Kebble. Most of the cash from the sales, about R93,5-m, has gone to repaying R72-m of debt. The company had R11-m in cash at the end of last year.


    On the bargain-hunting front, RG&E’s foray into fund management has hardly been a resounding success. Its first tranche of Aflease shares were bought at an average price of R3,25 each, while the share is now trading at R2,50. Kebble says that, notwithstanding the plunge in the share price, RG&E’s plan to build its Aflease stake still further is still on track.


    Zitat

    “There is still unrecognised value in the uranium….We are also reaching similar stage here to the early nineties, where lots of the assets owned by the majors will come available, and Aflease could be the organisation that takes up the role as the industry’s bottom-feeder,”

    says Kebble.


    Nevertheless, Kebble says the sale of Randgold Resources shares will halt for now, given that the share price has dipped recently. Randgold Resources opened the year at $21,77 a share and opened trade in the US today at $18,96, a level Kebble is clearly not comfortable selling at.


    There is also the matter of South African Reserve Bank restrictions on RG&E’s shareholding in the London-listed company, which must remain above 34%.


    Kebble confirms that the SARB restrictions are still in place. He says the rules state that if RG&E’s stake in Randgold Resources dips below 3%, it could be forced to sell the whole lot and repatriate the proceeds to South Africa.


    “But I am not even sure they can do that,” says Kebble, a pugilistic executive rarely shy of a dust-up with regulators.


    For the meantime, though, there appears to be little risk of a dip below the key level – at least not while Randgold remains cheap. A look at the group’s portfolio shows that at the end of last year shows it still has near-cash in the form of shares, worth: R68-m in Anglo Platinum; R10,3-m in Durban Roodepoort Deep; R34-m in Harmony Gold; and R43-m in JCI and R167-m in Western Areas, two mining groups the Kebble family controls.


    An interesting aspect of the portfolio management is RG&E’s decision to increase its DRD stake during the year. DRD and Kebble have been involved in an ugly series of court battles over the past two years, involving claims and counter-claims of various improprieties. The feud even resulted in Kebble spending a night in prison, a fact that has clearly not clouded the RG&E chairman’s eye for what he considers a bargain. His DRD bet, however, is premised on a rising gold price.


    Zitat

    “At first we got rid of all of them, then we built up our stake because at around R17 we thought they were at a low level and we all know what DRD does when there is a kick in the gold price,” says Kebble.

  • [Blockierte Grafik: http://www.jsmineset.com/images/mineset-logo.gif]


    http://www.jsmineset.com/


    Thursday, April 01, 2004, 11:25:00 AM EST


    Gold Market Summary


    Author: Jim Sinclair


    There is a high probability that what we are experiencing this morning is a very temporary blowout in the gold price from its march to the upside.

    Shorts are gunning for $423 on the close. Any close under $428 will encourage the short sellers. The long funds - or about 45,000 new long contracts purchased at an apparent average of $413.50 - have likely not participated in this morning's selling and will in all probability have mental stops at $423.


    All this adds up to one hell of a bear trap being set up next week. The only thing I believe can prevent a temporary and healthy decline here is a significant geopolitical event. No sane person would wish for that.


    This temporary downturn in gold will be short but could be a tad ugly. Insurance investors, investors, and modestly aggressive investors simply drink cold water and take a week off. Traders should easily have seen this AM's spike to be a blow off in the foolish news that the European Central Bank did not lower rates. Did you expect they would? If so, you have been watching too much financial TV.


    Have your rulers at the ready because a simple straight edge and measure of the angle of ascent was all that was necessary to profit handsomely from the run from below $390. You are going to have another great opportunity in a week or so. All you have to do is borrow a child's ruler and work 5 minutes a day to grab one hell of a lot of money.


    FOR CHARTS IN PDF FORMAT CLICK HERE!

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


    http://www.lemetropolecafe.com


    April 1 - Gold $427.60 up 60 cents - Silver $8.01 up 20 cents


    Silver Roars Through $8, Gold Takes Out $430 Briefly


    Zitat

    Winning has a joy and discrete purity to it that cannot be replaced by anything else. Winning is important to any man's or woman's
    sense of satisfaction and well-being. Winning is not everything;
    but it is something powerful, indeed beautiful, in itself, something
    as necessary to the strong spirit as striving is necessary to the
    healthy character.
    A. Bartlett Giamatti (1938-1989)
    president of Yale University and later baseball commissioner


    Go GATA!


    Gold was due $1.70 lower this morning with silver due 15 cents higher. Did some Café member sent last night’s MIDAS silver commentary to precious metals dealers and the silver shorts?


    Gold took off right off the bat, quickly taking out $430 and touched off some stops. It exploded up to $433 on extremely light volume. Very little was traded between $430 and $433. The bullion dealers, en masse and led by Morgan Stanley, then began selling in unison, quickly taking gold down $2 on the day. Can’t allow too much gold excitement. However, the funds came storming back in on the break to take gold back up twice to $430, basis the active June contract. Gold was unable to further penetrate this key level today.


    Once above $8, silver began moving sharply higher as we came into the silver opening. BOOM! Before you could blink, silver was up 29 cents. It sold off in sync with the bullion dealer drubbing of gold. Yet, the most the silver shorts could do was bring silver back to $8, up 9 cents on the day. Silver then drifted back up and stayed around 20 cents higher for the rest of the session, barely trading. This is, once again, a technical positive, as silver shows no signs of any kind of a short-term top. We must have a good deal of volatility before this occurs.


    The silver shorts refuse to panic. They just watch silver go up almost every day and cannot believe their eyes. This will prove to be an egregious mistake. Their EYES are working, it is the BRAINS which are not.


    One sign the silver shorts haven’t blinked yet is the spreads are not narrowing at all. The May/Dec closed at 2.5 cents, May premium. When silver spiked early, the spreads narrowed quickly and then blew out again when silver retreated. When May goes over Dec, it will be a sign the big shorts know the game is up, they have been had, and some know they had better cover their May positions before they are destroyed.


    Veteran Café members might remember the fellow Café member who bought 2 million shares of ECU silver between ½ cent and 2 cents Cdn and then doubled up at 32 cents. Who knows where ECU will open up in the next couple of days, however, since silver has risen $1.20 since it was halted, it should be well north of 59 cents Cdn, which was the closing price the day of the halt.


    The man is a superb technician. He has done a great deal of work on the gold market too and today I was informed his work shows today’s gold market to be remarkably similar to right before the big price spike in 1979. It is his opinion the likelihood of us not having a giant move higher in the months to come, similar to the one in 79, is very small.


    Sounds good to me. This guy has top-notch credibility in my book.


    The gold open interest rose 6,999 contracts to 302,040. That is a new high and should stand as one of the highest ever. Funds all over the world are taking on The Gold Cartel and other bullion dealers. It is just possible we are close to getting our long awaited Commercial Signal Failure (this is when the commercial shorts get blown out of the water by the specs).


    That Commercial Signal Failure is even closer to becoming a reality in silver. Last evening, through one of our Café sources, we learned for the first time the silver bullion dealers are scrambling and slowly waking up to the fact they may have a BIG problem. Those who don’t admit a beating and run for hills SOON are going to be sucking seaweed in the weeks and months to come, as the price of silver soars!


    The silver open interest rose 1181 contracts to 120,328. This is a modest rise for such a substantial moved up yesterday. Good news. Even with silver’s enormous move these past few months, it has attracted very little bullish commentary from the pundits/analysts who should know better. Actually, to-date, most of the silver market commentary has been BEARISH! Pitiful!

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


    http://www.lemetropolecafe.com


    The John Brimelow Report


    Bears in trouble?


    Thursday, April 01, 2004


    Indian ex-duty premiums: AM $4.83 PM (N/A), with world gold at $424.60. A little below legal import point. Reuters did not carry PM data. The Bombay Stock Exchange soared 2.69% today: if this euphoria carries over into the FX market, gold bears are likely to have difficulty in forcing world bullion down.


    There seems to be a little appetite in Japan, too. On volume equal to 28,736 Comex contracts, (down 29% from yesterday’s possibly FY-end-swollen level) the active contract rose 5 yen and open interest edged up the equivalent of 620 Comex contracts, although World gold was $1.20 lower than the NY close at the end of the TOCOM day. Also, the discount on Shanghai Gold Exchange prices has narrowed to under a dollar. (NY traded 62,784 lots yesterday: open interest climbed a steep 6,996 lots to 302,040.)


    Gold in NY yesterday battled up, grimly. The estimated volume suggested that activity jumped 50% in the last half hour; UBS comments:


    Zitat

    "Very good two way flows were seen between the $425 and $426 level in spot with speculators the main buyers and trade the sellers. Fifteen minutes before the close further speculative buying was seen and this continued into the session’s end, which saw gold close on the highs of the day."


    The determination of both sides is well demonstrated by this addition of almost 700,000 oz of net buying to the Comex longs.


    JB

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


    http://www.lemetropolecafe.com


    CARTEL CAPITULATION WATCH


    The DOW gained 16 to 10,373, while the DOG jumped 20 to 2015. The dollar fell .42 to 87.53 and has broken down technically, falling below the most important moving averages. The euro rose .59 to 123.39.


    The United States is in deep trouble thanks to the present administration and the rest of the New York/Washington establishment. Our credibility is gone, going down the drain more and more as each week passes. As the facts about the Iraq War become known, it turns more and more people in this country and around the world against our government for lying about the reasons we went to war in the first place. These people in charge in Washington are a bunch of sickos, fabricating such reasons like "weapons of mass destruction," which did not exist, and then President Bush has the audacity to make a joke about them. Some joke! Nearly 600 Americans dead, thousands maimed for life. Meanwhile, our invasion has inflamed the Muslim/terrorist world, creating even more global instability.


    The Iraq War is more of a macro issue. A micro one is how Washington/New York/present Administration are SPINNING the inflation issue. The delayed February PPI finally came out today. Is this an April Fool’s day joke:


    April 1 (Bloomberg) -- U.S. producer prices rose 0.1 percent in February, restrained by declines in costs of drugs, light trucks and home heating oil, a government report showed.
    The increase in prices paid to factories, farmers and other producers followed January's 0.6 percent rise, the Labor Department said in Washington. Excluding volatile food and energy prices, the so-called core rate also climbed 0.1 percent after rising 0.3 percent a month earlier. –END-


    Is there anyone in the real world who believes such nonsense? Prices soared in February and they have the audacity to come out with this kind of fabrication. This is no way to maintain any sort of credibility in Washington.


    "But, there is no inflation," says the Bush Administration. Oh yeah? From a recent Richard Russell commentary:


    Dear Mr. Russell,


    I had to write this letter regarding the comments of Adrian Van Eck of last Friday. I am also extremely angry at our government for the massaging (I refer to it as a lie) of the "numbers." I own a wholesale bakery in Nassau County, Long Island New York. Mr. Van Eck is exactly correct in his idea's about the rampant inflation that is going on. Aside from the rise in local taxes, health care, and oil, I would like to tell you about the inflationary pricing that has occurred in my business during the last 10 weeks.


    1. Eggs have gone from $18 case to $39.95. more than a 100 per cent increase.


    2. Butter has gone from $56 a case to $92 a case.


    3. Cream has gone from 2.10 a quart to $2.50 a quart. And i just got a call from my dairy provider who says that on April 1st the price will go up another 80 cents a quart.


    4. Flour has gone up the least at about 5-7 percent.


    5. All soy based products and toppings went up 15-20 per cent last week.


    6. I just heard from my chocolate supplier who is only raising the minium order, but that went through the roof about 15 months ago. You can check the cocoa futures for that.


    All of these numbers are documented and not pulled from the thin air.


    What is our government looking at? What happened to the idea of government helping the people. I am tired of politics as usual. Keep on trucking Mr. Russell.


    Golfdad


    So much for another "donkey" story:


    April 1 (Bloomberg) -- The European Central Bank left its benchmark lending rate at a six-decade low of 2 percent, awaiting more evidence about the strength of an economic recovery among the dozen nations sharing the euro.


    ECB President Jean-Claude Trichet damped rate-cut speculation today, saying interest rates ``remain in line with the maintenance of price stability in the medium term'' and predicting that a ``modest'' economic recovery is on track.


    –END-


    GATA’s Mike Bolser:[b]


    Hi Bill:


    [b]The Federal Reserve added $8.75 Billion in temporary repurchase agreements today April 1rst 2004, an action that moved the repo pool down a bit to $33.83 Billion. The DOW tracks above 10,410 at the moment, being levitatedby the Fed's constant upward repo pressure.


    A serious run for gold


    Examine the Changes_Currency_Gold chart at my interventional analysis site:


    http://www.pbase.com/gmbolser/interventional_analysis


    The current spike up in gold is clearly the largest divergence from the major currencies since the O'Neill Period when the ESF had no gold selling tools available because the SECTREAS had been "fired" by the president. As such, gold is making a major move since the ESF tools are now operational.


    Whether the Fed has capitulated is anyone's guess but the continuing saga of the LBMA's failure to report its February precious metals volume stands as a tall indicator that real trouble for the Fed is afoot.
    Mike


    There is no inflation in Spain either:


    MADRID, April 1 (Reuters) - Spain's manufacturing sector expanded for a seventh consecutive month in March but manufacturers were hit by a sharp rise in input prices and a shortage of metals.


    Spain's manufacturing purchasing managers' index (PMI) fell to 52.9 points in March from 53.2 points in February, NTC Research and the Spanish Purchasing Managers' Association said on Thursday.


    It was the seventh month that the index has been above the 50 mark which indicates expansion, although Spanish industry grew more slowly in March than in February.


    The data showed a "substantial increase" in production and new orders as Spanish manufacturers benefited from stronger global economic conditions, NTC said.


    But manufacturers surveyed reported a surge in the prices they paid for raw materials and fuel. The "purchase prices" component of the index rose to 66.5 in March from 62.1 a month earlier.


    -END-


    Nor is there any in Argentina:


    Argentina energy crisis spreads


    Argentina has sharply reduced its gas exports in response to a domestic energy crisis, triggering serious shortages in neighbouring Chile.


    Chile, which has few energy reserves of its own, faces a gas supply shortfall of 2.3 million cubic metres a day. Senior Chilean officials have tried to dispel growing fears of energy price rises and compulsory rationing. Economy minister Jorge Rodriguez said there were sufficient back-up supplies to avoid rationing. However, he added that while there are laws in place to protect consumers, energy prices were beyond the government's control.


    The shortages stem from Argentina's decision on Wednesday to limit gas exports to 2003 levels for the next five months. –END-


    And, of course, there is no inflation in the US:


    May corn ($3.25 ¾ up 5 ½ cents)
    http://futures.tradingcharts.com/chart/CN/54


    On the crummy action of the gold shares from a Café member:


    Bill,


    I'm as puzzled and annoyed as you by the recent gold share inaction, but I'd like to throw several ideas into the hopper.


    First, most of what I hear/read is incredulity over gold's recent rise over $400. I think there are a lot of advisors who have missed the boat and won't admit it to their clients, at least so far. The clients and their money are still on the sidelines waiting for gold to tank.


    Second, stocks are financial assets. If the Fed is running short of metal to sell, there's always plenty of paper money to fund short sales.


    Third, and very importantly, I think a lot of propaganda by the shorts (ex.: there's lots of silver around, we'll be back to $4.50 when the specs get cold feet) is helping to keep people nervous and underinvested. How the heck are the shorts going to cover if everyone is piling in at the same time?


    (A tangent to this is, since no one knows the details of all those trillions of derivatives, I would bet that many central bank interventions are designed to allow favored parties to beat tactical retreats before they get skinned alive.)


    (Another aside. You sometimes mention that half the CBs gold is gone. That figure is a year or more old by now. I imagine that way more than that has been needed to continue to cap gold all this time. This is going to be like Afghanistan, where by the time we moved on the Taliban's northern lines, there was nothing left. When the Cartel collapses it will take nothing more than a little breeze to knock them over.)


    Finally, it is worth remembering the old saying that the market has predicted 9 of the last 5 recessions. Stocks are not as good predictors of the future as many would have us believe.


    I am guessing that a close over the January high ought to shake a bunch
    of people up.
    Peter Rhalter


    Gold friendly news from Sweden:


    Sweden cuts rates to lowest level in a century

    By Nicholas George in Stockholm

    Published: April 1 2004 10:27 | financial times


    The Swedish Central bank cut its key interest rate by 50 basis points to 2 per cent on Thursday, its lowest level for a century, reflecting low inflation and rising unemployment in the Nordic region's largest economy........ In a statement the central bank said the recent decline in inflation had been "greater than anticipated," partly due to unexpectedly low import prices but also to a weaker labour market........ The central bank has been under intense pressure to cut rates from politicians and economist who have criticised its cautious approach to monetary policy and its failure to forecast the sharp fall in inflation. However Lars Grönstedt, chief executive of Handelsbanken, one of the country's largest banks, warned that rate cuts could fuel an unsustainable lending boom..........


    –END-


    Silver delivery problems:


    Hi Bill,


    I bought a silver future on the COMEX on the last notice day, Feb 25 I think it was, and advised my broker that day that I want to take delivery. Here it is FIVE weeks later and the silver is still not even on a truck. Bill, there are very serious silver delivery problems.


    Ron Lutka


    The gold share action remains atrocious. Both silver and gold closed at 15-year plus highs AGAIN and most of the gold shares just yawned. It is if they are saying, "OK, gold and silver, you keep going up, but we know it won’t last so we’ll wait for the correction before we rally significantly."


    The XAU was up .41 to 105.35 and the HUI finished 2.09 higher at 238.09, well off its 240.81 high. There is a decent amount of technical resistance right above 240 for the HUI. Once it is broken on a closing basis, the gold shares should really take off and take out the old highs above 258.


    The Gold Cartel is doing all it can to prevent gold from taking out $430. Who knows what kind of gold derivatives problems could develop when this happens. The cabal forces don’t want to find out. Too bad! They are going to. They have already lost control of silver. It is only a matter of time before they lose control of gold too. The jig is about up. Their crooked ways are going to bite them in the butt.


    Tomorrow’s precious metals action will take its early cue from the highly anticipated jobs report. The Bush Administration is desperate for a good one, so it is hard to imagine the new jobs number not being at least what is expected. The sad part is, after today’s PPI joke, who could really believe a good jobs number anyway - except for the rah-rahs on Wall Street that is?


    Silver is already headed for the moon. Gold soon will be too.


    GATA BE IN IT TO WIN IT!


    MIDAS


    Tomorrow's MIDAS might be delayed as I am heading out after lunch for Rich and Eric Radez's natural resource conference in Chicago.


    Appendix


    New York Post


    OOPS! LABOR DEPT. LOST 321,000 AMERICAN JOBS!


    By JOHN CRUDELE


    April 1, 2004 -- LET'S make some trouble.


    Tomorrow morning the Labor Department will announce the number of new jobs created in March as well as the monthly unemployment rate. The experts - you will recognize them because for months they've been sitting in the corner with dunce caps on - are expecting 125,000 new positions to have appeared during the month and the unemployment rate to fall from 5.6 percent to 5.5 percent.


    We all know how politically sensitive these figures are, especially in a presidential election year. And I don't have to tell you how much Wall Street obsesses over them.


    Well, what if I told you that the Labor Department made 321,000 jobs disappear in January. If it hadn't been for this move, Washington would have reported monstrous growth of 433,000 jobs that month instead of a paltry 112,000.


    Don't believe me?


    Go to the Labor Department's website:


    http://www.bls.gov/web/cesbd.htm


    This is a section on the so-called "birth/death model adjustment," and it's buried deep in thousands of pages of other facts and figures.


    You'll see a "-321" in the box under January 2004 - which means that 321,000 jobs were removed from the totals reported to the public.



    This'll make the experts and Republicans crazy (or at least that's my aim.) But the officially reported job count was reduced because models in the Labor Department's computers say - but can't prove - that many companies went out of business in January and took jobs with them.


    This is all very nutty stuff.


    Last year, for instance, the government computers concluded that jobs mysteriously appeared in nine of the last 10 months of 2003 because someone in the hidden netherworld of economic forecasting thought - but also couldn't prove - that new companies were being born. And remember, this company creation was supposedly happening when the economy was so blah that the folks in D.C. decided we desperately needed a tax cut.


    Normally the government comes up with its monthly jobs figures based on surveys of some 160,000 companies and government agencies, which may or may not tell the truth about hiring.


    The guesstimates on companies being born or dying are based on an economic model called the "auto-regressive integrated moving average."


    I don't know what the hell that means, but I did want to get some big words into this column. So let me give you a couple of bottom lines - if that isn't an oxymoron.


    First, take all numbers coming out of the Labor Department with a pillar of salt.


    Second, don't believe what the experts think. They have about as much chance of guessing the monthly labor number as Lotto queen Yolanda Vega has of figuring out which numbered balls are going to appear in the chute.


    Third, trust only this.


    After all the seasonal adjustments (which are now inexplicably done every month), the guesswork on the birth and death of companies, the millions of people who may have stopped looking for work, the offshoring of jobs and dozens of other statistical peculiarities - nobody really knows nothin' about the current job market.


    My guess: Friday's number will continue to show mediocre job growth because the economy isn't growing as strongly as Washington would like and because there is no real incentive for companies to take on the added cost of new workers. Let's call the rest: Fun With Numbers.


    *


    The New York Times wrote last Friday that securities regulators who are trying to get back Dick Grasso's millions are looking into what took place at a New York Stock Exchange Board meeting last Aug. 7.


    The issue of Grasso's compensation was taken up at that meeting, the Times says, despite the fact that it was put on the agenda late and some Grasso boardroom critics were not present. That's all nice - and fruitless.


    Insiders tell me that what happened at that meeting did not break the bylaws of the exchange. And while regulators might be able to make a case against some NYSE directors, this route won't get them any closer to Grasso's loot.


    As I've said in previous columns, the exchange, the SEC and the office of New York State Attorney General Eliot Spitzer need to look into whether Grasso had any role in the floor broker scandal of the late 1990s.


    If they find Grasso, as chairman of the exchange, knew about trading abuses and didn't disclose them - or even covered them up - while negotiating his lucrative employment contracts, then the government can make a strong case for recovering the money.


    *Please send e-mail to:


    jcrudele@nypost.com

  • Interessante Nachrichten heute vom australischen Explorer MacMin


    http://stocknessmonster.com/news-item?S=MMN&E=ASX&N=159372
    "CORPORATE UPDATE IN CONTEXT OF INCREASED METAL PRICES"


    Neben der doch recht gut aussehenden Situation um MacMin, dessen Börsenwert in jetziger Situation nur noch eine Richtung kennen dürfte,
    und das mit erheblichem Nachholpotential,
    stellte sich mir die Frage, ob es denn gut sei für den inneren Wert eines Explorers, wenn er denn in Produktion geht ...
    Ergo, anfängt seinen Wertbestand zu verscherbeln : - (



    Auch einige zusätzliche Unzen Silber haben sie zu den bereits bekannten bzw. vorhandenen Vorkommen auszuweisen:


    http://stocknessmonster.com/news-item?S=MMN&E=ASX&N=159371
    "INDICATED/MEASURED RESOURCES AT TEXAS SILVER PROJECT
    INCREASED TO 25.13M OZS of SILVER EQUIVALENT"



    Grüße
    Magor

  • Diese Seite ist für mich wegen der zu großen Zeilenlänge gräßlich zu lesen.
    Liegt´s am zu langen Link von Wasserzeichen? Würde es der Seitendarstellung helfen, wenn er nachträglich die Linkangabe auf mehrere Zeilen verteilt?



    J.P Morgan Securities Ltd. JPMorgan Chase Bank
    Thursday April 1st March 2004


    Silver leads the way to new highs, with Gold closing in
    on the key 430 previous highs

    l Nickel is developing a clear triangle formation and set
    to blast higher in the next week or so, buy the dip
    l Copper and Ally retain their underlying bull bias,
    although the former still has the clearer chart pattern
    ...


    Gold - closing in on 430 - The latest rally is extending, with prices
    rapidly closing in on the key 430 previous highs. We would express a
    little caution at these levels and if you are still long we suggest taking
    something off the table, as there is a lot of event risk in the next
    couple of days. Pullbacks will still be viewed as a buying opportunity
    though as we look set to run towards 445/50


    SILVER - bull trend still intact - Tough to go against this ramping
    market, with the 790 being broken yesterday leaving a very
    impressive close on a monthly basis.
    Such a close suggests this market
    could continue towards 880/911 as those are the next key levels on a
    long term horizon.
    In the near term we would be a little cautious due
    to the event risk, but pullbacks should remain corrective before
    continuing the bull trend.
    ...
    http://www.thebulliondesk.com/…talsoiltechstrategist.pdf

  • Leute, wenn Euch der gestrige 1.April noch nicht genug zum Lachen gebracht hat, dann kauft Euch HEUTE bitte die Neue Osnabrücker Zeitung. Lehnt Euch zurück und blättert entspannt bis Seite 31. Denn dort ist heute auf einer 3/4 Seite (und damit leider auch zu groß zum Einscannen) ein so herrlicher, köstlicher und wie ein verspäteter 1.April-Scherz anmutender Beitrag versteckt in Form eines Berichtes über einen Besuch im Gold-Tresorraum der Federal Reserve Bank in New York, den Ihr einfach lesen müßt.
    Der Artikel grenzt an geniale Realsatiere (nur daß der Schreiber dies überhaupt nicht beabsichtigt hat: Auszug gefällig ?


    Hinten findet sich unter der Überschrift(!) "Die Goldeinlagerung erfolgt gebührenfrei" etwa folgender Absatz:
    (wobei es um das Gold der Deutschen geht)


    Angemerkt sei aber vorher, daß dieser Beitrag keineswegs kritisch gemeint ist, sondern wie ein netter kleiner Reisebericht geschrieben ist - nur das die Reise des Schreiberlings hier nach New York ging.
    Also hier nur mal ein Höhepunkt:
    --------------------------------------------------------
    Die Goldeinlagerung erfolgt gebührenfrei"
    -------------------------------------------------
    Die Lagerung des wertvollen Gutes ist übrigens kostenlos.


    "Das verstehen wir als Dienstleistung für befreundete Staaten", sagt Führerin (in den Tresorräumen) Agata.


    Auch eine Abhebung würde Eichel nicht die Welt kosten: Genau 1,70 Dollar berechnet die Federal Reserve Bank ihren Kunden pro Barren. Ein Anruf in Manhattan genügt, schon beginnt das große Zählen und Wuchten und Wiegen, alles noch Handarbeit.


    Wie das Gold dann allerdings von hier nach Deutschland gelänge, dazu will ein Banksprecher in New York keine Auskunft geben: "Das ist nicht mehr unsere Sache." Überhaupt gibt er sich äußerst bedeckt:"Wir pflegen Informationen nur mit unseren Kunden auszutauschen".


    Der Bericht endet sodann, und das ist auch ohne Kritik gemeint, mit den Worten:


    "Die Wächter über den 70 Milliarden Dollar Schatz halten sich eisern an eine alte Regel der Branche: Reden ist Silber, Schweigen ist Gold."


    Daher auch meinerseits: OHNE WORTE


    Angemerkt sei, daß dies nur einige "lesenswerte" Zeilen des Artikels waren.


    Ach komm, einen hab` ich noch für Euch:


    Ganz vorne im Artikel heißt es etwa , nachdem lapidar festgestellt wurde, daß der Großteil der deutschen Goldreserven in New York lagert:


    "Sollte sich Finanzminister Hans Eichel tatsächlich mit der Idee durchsetzen, etwas von dem Schatz zu verkaufen, um die maroden Staatsfinanzen aufzubessern, käme auf die Goldstapler in New York Arbeit zu. Es wäre das erste Mal (!), daß ein Kunde der Reserve Bank Gold abgebt."


    (O H N E W O R T E)

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

  • Herzlichen Dank, bognair !!
    Hatte eben auch entsetzt gesehen, wie furchtbar
    der von mir eingestellte Text aussah.
    Aber wenn man normal eintippt, fällt einem das vorher ja nicht auf.


    Aber da ich ja noch ein Jungspund bin, sei mir dieser Fehler verziehen. Ich habe mir derweil diesen NOZ-Artikel,
    er hoffentlich morgen auch unter neue-osnabruecker-zeitung.de online sein wird (hoffentlich, kann man nie vorher sagen) ausgeschnitten.
    Müßte man sich eigentlich rahmen.


    Grüße vom Spieler, besonders an Bognair.

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

  • IS SILVER BEING MANIPULATED?


    By Doug Hornig Printer Friendly Version


    from Casey Research, LLC.
    March 26, 2004


    http://www.internationalspeculator.com


    Ted Butler is a man on a mission, and since that mission concerns an anomaly in a market that is of interest to many of our readers, we decided to investigate.



    Butler is an independent commodities analyst with thirty years’ experience. For the past two decades, his particular focus has been the market in silver. He believes there is something very fishy, and perhaps illegal, going on.



    We caught up with Ted at his office at Butler Research and asked him to explain the situation as he sees it. “It’s complicated,” he says. “But simply put, a huge anomaly has developed over at least the past fifteen years in the short market in silver.”



    Our investment-oriented readers will probably understand short selling as it pertains to the stock market, where it is used to profit from a security’s declining share price. To conduct such a transaction, you arrange for your broker to borrow shares of stock from someone who actually owns them, then you sell them to someone else. You pocket the proceeds. Later, after the stock’s price drops to your satisfaction, you “buy back” the security, and the difference between your original sell price and the current buy price represents your profit.



    With commodities, Butler says, the rules are different. Long and short contracts, of which there is always an equal amount, are written whenever someone feels like it. There does not have to be any underlying physical stock to back them up. They represent the mechanism by which actual metal changes hands, but this is in only a tiny percentage of cases. With the vast majority of contracts, only the paper is traded, with the participants making or losing money depending on the rise and fall in commodity price.



    What this is supposed to do is help stabilize prices and, with most metals, it’s working as it should. Not so with silver.



    “Silver has been operating at a structural deficit for fifteen years,” Butler says, “meaning that every year we consume more than is produced, thereby drawing down existing stocks. When that happens, it’s incredibly bullish, isn’t it? Demand exceeds supply, the price goes up. That’s the way capitalism works. Yet silver hasn’t moved.”



    True. After a brief spike in 1987, silver has remained locked in a very tight trading range between $4 and $7. Most years, in fact, it never made it past $5.



    Butler contends that the primary reason for this counterintuitive situation is the gigantic short position in silver. “It’s grown to absurd proportions,” he says. “What you have is an open interest in silver that far exceeds the supply of the underlying item. This has never happened with any other commodity. It’s off the charts.”



    We asked him how far off the charts, and whether he could back up his allegations. “Sure,” he says. “I get my information from the Commodities Futures Trading Commission (CFTC), a Congressional committee charged with oversight of this market. While the CFTC, due to antiquated commodities laws, is forbidden from identifying particular traders, they do put out a quarterly Commitments of Traders (COT) report. And the January COT report is very revealing. While there may be thousands of investors with long positions, the short sellers are few in number, and they have huge positions. We’re talking about less than 20 major players. In fact, according to the COT, a mere eight traders have a net short position of 325 million ounces of silver. That’s eight times annual US production and more than twice the 125 million ounces of known reserves! In other words, if these people were called upon to deliver the metal their contracts represent, they couldn’t possibly do it. It’s fraud. A derivatives market must, by definition, be derived from something, and this one isn’t.”



    Butler doesn’t know who’s doing this short selling, but he’s read the annual reports of all the major U.S. and Canadian producers, and he knows they’re not forward selling production. Instead, he thinks it’s a handful of large bullion banks. He mentions AIG, HSBC and others.



    “They’ve been manipulating the market for years,” he says, “taking paper profits from small, downward movements in the silver price. But they’re so caught up in the game, they don’t realize they’ve been manipulating the actual price of silver, too. Commodities law specifies that producers/consumers should set price, but the derivatives market is now so much bigger than the physical market that it is doing the job.”



    That’s why Butler has been bombarding the CFTC and NYMEX (New York Mercantile Exchange) with letters demanding an investigation. Recently, he’s been joined by an independent group of 3,000 small investors who petitioned Eliot Spitzer, New York’s attorney general, to look into the matter. So far, official response has been tepid.



    “Gobbledygook,” Butler says, “that’s what they send me. ‘We find no evidence of manipulation,’ etc. They just don’t want to admit it’s happening. ‘Not on our watch,’ you know what I mean? But it’s going to catch up to them. Stock has been drawn down too much. Last year, there was an 87-million ounce deficit, which is typical. In the near future, supply to meet the actual physical demand won’t be there.”



    And what will happen then? “Well, the longs could demand their silver, and the short sellers would have to default, because they can’t get it. Or, if they didn’t want to go to jail, they could buy back their contracts at an inflated price. These are big companies, and they can stand billion dollar losses. Though they don’t want to, of course. No matter what, the price of silver goes up. Either there is massive short covering, or the market reverts to being driven by real, physical supply and demand.”



    We noted that silver has definitely been in an uptrend, from $4.50 an ounce last July to a closing around $7.70 as of this writing, and suggested that perhaps the supply deficit was finally being recognized.
    Butler concurs. “No one can predict what will happen,” he says, “or when. There could even be a temporary price decline, if the shorts can pull it off. They’ve been raking in billions by doing just that. But eventually the inventory will be gone, and people will demand delivery from stock that’s no longer there. When that happens, the price is really going to spike.”


    ------------------------


    Doug Hornig is a regular contributor to Doug Casey’s weekly e-letter, “What We Now Know.” For your free subscription, click here

  • LIVE:
    [Blockierte Grafik: http://kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif][Blockierte Grafik: http://kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif]


    und gold hinkt mal wieder hinterher... (vielleicjt wird silber zur ZEIT doch grad nicht manipuliert und freien Lauf gelassen um sich mal auszutoben)

Schriftgröße:  A A A A A