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

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    May 9 - Gold $378.40 - Silver $5.56


    What’s Going On Here?


    Weekends are beneficial for someone like me who follows the markets all day long and writes a daily column. Two days without the markets churning all over the place allows some time for reflection and contemplation. It is also a period to think about what the heck is going on here. My equity is down a bit over 50% off its highs at the moment with no end in sight in this 5th month of the continuing gold share debacle. It is painful and can be disturbing, at least it is when I force myself to look at the statements. Knowing most Café members feel like me, with many completely demoralized, I thought it might be helpful to put all this in perspective.


    Zitat

    "We have statutorily gone onto a fiat money standard and as a consequence of that, it is inevitable that the authority, which is the producer of the money supply, will have inordinate power." -- Alan Greenspan, House Financial Services Committee, February 11, 2004


    Which is just what The Gold Cartel and Working Group On Financial Markets (including The Fed) are doing. They are exercising their power. While perpetuating the notion we have free markets in the United States, they are trampling the little people, or average investor, most of whom are clueless about what is really going on behind the scenes. Years ago I stated the shenanigans of these powerful folks who were rigging the gold price would eventually lead the US into eventual financial market chaos, even resulting in small riots. We are not there yet, but signs are emerging that this scenario could easily become a reality. It is frightening, as that day appears closer at hand than ever before. The following is my take on what is happening and why it is important to stay the course with your gold and silver investments.


    Ironically, it all stems around a supposedly rinky-dink gold market. While it is an insignificant financial market in gross number terms, it is far more important in the overall financial market picture than is widely known and as far as the BIG SHOTS are concerned. Allow me to explain why I believe this is so:


    The bond market began its deep decent in earnest around March 21:


    http://futures.tradingcharts.com/chart/TR/64


    Oil began its relentless run from $33 to $40 per barrel around March 29:


    http://futures.tradingcharts.com/chart/CO/64


    Gold topped out about March 28:


    http://futures.tradingcharts.com/chart/GD/64


    Silver topped out about March 28 and began its spectacular collapse days later:


    http://futures.tradingcharts.com/chart/SV/54


    There is something remarkably wrong with this silver collapse. Silver went up methodically for many months and then falls more than 35% in less than 4 weeks, without being allowed to make an attempt at any kind of recovery, leaving huge gap after huge gap on its way down. Both gold and platinum have made sharp corrections, but they were only down around 15%. The savaging of silver is off the charts. I can’t recall a market correcting like silver did EVER when the fundamentals barely changed, or actually improved, making 17-year highs to boot. The silver takedown was nothing less than a mugging, done with white-collar thug, Mafia style precision.


    Compare silver to another bull market, say soybeans for example, one which has similar very tight fundamentals. Soybeans endured a steep 12% correction along the way to making new weekly highs, but notice how many rallies there were while it corrected. Silver was not allowed to rally at all and function like the free-trading soybean market, or most any other market in history for that matter - except when the Comex changed their rules on Bunker Hunt.


    May beans


    http://futures.tradingcharts.com/chart/SB/54


    Soybeans closed in new high ground on the weeklies, which offers little credence to the notion the giant commodity move of the past two years is over:


    http://futures.tradingcharts.com/chart/SB/W


    So, we have two critical commodities, oil and soybeans representing the energy and food sectors, closing in decade plus highs. Then we have the 30-year bond market collapsing in obvious response to the growing inflation in the US. Meanwhile, during the exact same period, gold tanks and silver is horrifically bludgeoned. This doesn’t sit right with the historical nature of the way markets have worked in America, to say the least. Clearly, this tends to support the findings of the Gold Anti-Trust Action Committee that some powerful people (as in plural) are interfering in conspiratorial fashion in the gold and silver markets to suit their own agendas. In doing so they are egregiously violating the anti-trust laws of the US.


    Which takes us to other aspects and motives for this criminal operation:


    The United States has depended upon foreign buyers to take up a significant portion of our debt. Until recently both the Japanese and Chinese were huge buyers of this debt. Weeks ago the Japanese announced they would be pulling back somewhat and have done so since their fiscal year ended on March 31. The Chinese, although this has most likely been understood at the highest financial market levels for some time, have let it be known they are, and will, be doing the same:


    China to diversify foreign exchange reserves


    (China Business Weekly)
    Updated: 2004-05-08 09:12


    China is looking to diversify its foreign exchange reserves out of US dollars, according to its top foreign exchange manager.


    China's chief forex regulator, Guo Shuqing, said in a recent Financial Times interview the make-up of the country's US$440-billion forex cash pile was being altered to include more European and Asian bonds, given concerns over a weaker US dollar.


    The mere thought of China offloading some of its vast US Treasury holdings is enough to send shivers down investors' spines, risking a further deterioration in the already-bloated US current account deficit and more dollar weakness.


    –END-


    This has to have The Fed and Working Group on Financial Markets a bit shook up. For if the Japanese and Chinese are going to pull back, who is going to take their place buying up our debt in this increasing inflation environment?


    I have used the word desperate in the past to describe The Gold Cartel. One might apply that term to the Administration as well. Look at what we have had of late:


    *Remember the cancellation of the PPI reports earlier this year, just when it became apparent commodity prices were soaring. The excuse given was they were going to change the PPI makeup somehow and couldn’t figure out how to do it, or ran out of time to do so. What! The United States Government can’t get out a timely report with all the resources they have to get any sort of job done? That is ludicrous.


    Sure it is ludicrous. Compare the cancellation of the PPI report (a negative for the financial markets) with what they have done with the employment reports and how they have spun them. All of a sudden jobs are miraculously going like gangbusters. It was the talk of the financial market TV shows this weekend. The March number was even revised up to 337,000 new jobs. What they soft-pedaled was that a good number of them were part-time and low paying jobs. This month the Labor Department shocked most of the economists by announcing the April job growth to be 288,000. However, the highly regarded Hoisington Investment Management Company in Austin, Texas, presents a completely different picture after dissecting this number: "Incidentally, 270,000 of the April job gains came from the birth/death model, a statistical extrapolation rather than a direct increase in the job head count. Previously the model was called a head count."


    So without this model adjustment, the job gain would have been 18,000 and a disaster politically for President Bush. No wonder the Fed is leaving its Fed Funds rate at 1%. The economy is nowhere near as strong as proclaimed by Wall Street.


    Meanwhile the last CPI was way above expectations at .5%, meaning short-term interest rates are going more negative by the month which, by the way, is normally an extremely gold friendly development.


    The bottom line: we have soaring inflation in the US, the jobs picture is not improving in the real world as widely trumpeted, and our biggest debt buyers, the Chinese and Japanese, are pulling back on their purchases. This is all hitting the fan at once. It gets worse when we take into account the geopolitical developments so far this year.


    The Iraq War is a complete fiasco with April bringing us the most deaths in a single month since the war started. Then, there is the building prisoner abuse scandal, one which has the Arab world inflamed, to put it mildly. Think about this. Amnesty International reported on what was going on 9 months ago in a formal report. The scandal was officially reported to the Defense Department two months ago. The only reason the outrageous disgrace has surfaced to any great degree in our part of the world is because the pictures were published. Clearly, the Bush Administration and the Pentagon did all they could to hush the scandal up and were caught doing so.


    Put all of that together and you have a recipe for a soaring gold/silver market, which was the case at the end of March when all of the above factors were known to The Gold Cartel, Working Group on Financial Markets, and the Bush Administration. AND, there was little, if anything, any of them could do about these developments.


    Now, it takes us to one of these entity's worst fears from a financial/political market viewpoint. If the gold market were to explode above $430, it could very likely set off not only the gold derivatives neutron bomb, but one in the derivatives interest rate markets as well. GATA has long held that one of the main purposes of rigging the gold price was to assist The Gold Cartel crowd to control their interest rates derivatives markets, which is a reason JP Morgan Chase has something like 25 trillion worth of these derivatives on their books. Were gold to bolt for $500, there is no telling what it might affect. Simplistically, a soaring gold price would have an impact on the financial markets as the investing/pundit public would cite the rising price as proof of growing US inflation which, in turn, would negatively influence the bond market even further. Every time gold shoots up, we hear talk of inflation in the financial market press. Just the way it is.


    This scenario has to have had The Gold Cartel and mainstream banking world in a twit. Therefore, a clandestine massive attack on gold and silver was orchestrated by the financial powers in the world. It is the one arena which they could affect, having had almost a decade worth of experience. Collectively, it is obvious as evidenced by:


    *The unauthored outrageously negative FT article
    *The German Bundesbank gold sale flap
    *Stories about the French selling gold
    *Greenspan talking down the metals
    *Former Fed Governor and gold hater Wayne Angell stating publicly gold was under control
    * The mysterious downgrade of Goldcorp


    This all happened around the same time and was well coordinated. This latest assault on gold is so much larger than a simple "conspiracy," we need a more comprehensive description of what has occurred.


    Gold investors, gold companies, poor gold producing nations have all been taken to the cleaners. It has been a bloodbath. Except in our world, few care. That is about to change in the months and years to come. Why? Because what the "Orwellians" have done to us is going to spread over into the other financial markets.


    The Gold Cartel has corrupted the gold market beyond belief at this point. In doing so the Goldman Sachs’, Morgan Stanleys’ and JP Morgan Chases’ have collectively and methodically ripped off your average Joe and Jane in America and around the world. These big New York banks/financial institutions, because of their collusion and inside information, have conducted a kind of class warfare against the average investor. They have stolen from us, hiding behind the sanctions of The Fed and Exchange Stabilization Fund. Their motive, besides greed, is to defuse potential disasters in the stock and bond markets and they will stop at nothing to accomplish their mission.


    Well, they have lied and falsified information so much, it is ALL beginning to fall apart anyway. They are being found out and it is commencing to blow up. Inevitably, the dam is going to break, the volcano going to blow, and it will affect all the financial markets. The little guy average investor won’t know what hit him or her.


    Remember Enron. It was blowing up for a year. Those who said so were ignored, or fired. This corporation was voted the number one in America year after year by the likes of Fortune and Forbes magazines. Yet, their employees and shareholders were blindsided and left with nothing. That is a fact.


    Keep in mind the pornographic scandal in Iraq. The only reason for the scandal really surfacing and the outrage is the pictures were released. The disaster is more than a year old for gosh sakes.


    Americans are now rightfully outraged on both counts. Too late. The horse is out of the barn on both counts. The damage is irrevocable. The lies or denials in each scandal carries the day, which is just what is going on in the gold market. It is time the public be told the truth about the gold price rigging so they can manage their own financial affairs before it is too late there also. You think lies is too strong a term to describe what is going on? Allow me to refer you to some proof captured by GATA’s Andrew Hepburn and Mike Bolser, which is summarized by Australia’s Sid Reynolds. Sid's GATA entire recap can be read at:


    http://www.lemetropolecafe.com…cftoken=84150657&pid=3548


    GOLD PRICE MANIPULATION - VERSION 9, 22nd OCTOBER, 2003


    #11. IMF has directed CB’s not to disclose how gold is leased/swapped, only total reserves (proof below).


    IMF have denied this, "This is not correct: the IMF in fact recommends that swapped gold be excluded from reserve assets." Refer http://www.gata.org/bofi.html, and search for "correct"


    However, numerous member countries/entities have proven the IMF has lied ie


    • Philippines: "Beginning January 2000, in compliance with the requirements of the IMF's reserves …, gold under the swap arrangement remains to be part of reserves and a liability is deemed incurred corresponding to the proceeds of the swap." Refer


    http://www.bsp.gov.ph/statistics/sefi/fx-int.htm, and search for "swaps"


    • The Central Banks of Portugal, Finland & Italy confirmed in writing that swapped gold remains a reserve asset under pertinent IMF regulations. The staffs of the central banks of Canada, Ecuador, Finland, Holland, and Portugal have also confirmed this. Refer


    http://www.goldisfreedom.com/IMFgold.htm, and search for "Finland"


    • European Central Bank: "Following the recommendations set out in the IMF operational guidelines of … developed in 1999, all reversible gold transactions, including gold swaps, are recorded as collateralised loans in balance of payments and international investment position statistics. This treatment implies that the gold account would remain unchanged on the balance sheet."


    http://solutions.synearth.net/2003/02/21


    This IMF recommendation should not be underestimated. For example, on its balance sheet the German Bundesbank lists "Gold and Gold Receivables" as a one line item. This approach is in direct conflict with Generally Accepted Accounting Principles (GAAP), which the central bank is obligated to follow as per German banking law.


    Thus, from their published financial statements there is no possible way to determine how much gold Germany holds in its vaults. The refusal of the Bundesbank to provide a breakdown between physical gold and gold receivables belies any notion of market transparency.


    Clearly deceptive accounting, countenanced by the IMF has allowed official sector gold to hit the market without a corresponding drawdown on the balance sheets of central banks. This has made it impossible for analysts to ascertain the exact size of official sector gold loans, swaps and deposits. The unwillingness of central banks to provide even a minimum level of transparency suggests that total gold receivables are substantially larger than the accepted industry figure of approximately 5,000 tonnes.


    For several unanswered questions to IMF, refer


    http://groups.yahoo.com/group/gata/message/903


    -END-


    Just in, more support for GATA's arguments:


    Dear friend: 16624.488 ounces of gold from the Central Bank of Spain are missing from its vaults after 1998. According with the Spanish Tribunal de Cuentas they are distributed as follows: 5.955.430 Fort Knox. 6.077.211 Bank of England. 4.591.847 BIS. In my opinion they are leased. This information was published in Diario el Mundo, Monday 1 of May 2001 page 49.

    Francisco Ruiz de Alda


    Assuming this email is correct, nowhere is this missing Spanish gold accounted for in the official central bank gold statistics.



    Ende Teil I

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    What’s Going On Here?


    Teil II


    The establishment, via the IMF, is lying to the world about how much gold the central banks have left. The Gold Cartel is surreptitiously bombing the market with leased/swapped gold to maintain an illusion, to continue their fraud, even as the physical gold market is on fire. They are doing so for many of the reasons oft-discussed here. One is to take away the financial market barometer from the average investor. "See," they say, "there is no real inflation, look at the falling gold price. Joe and Jane investor, you don’t need fear inflation will hurt your stock market investments." There is another reason just surfacing, as expressed by two Café members in these emails I ironically received this morning:


    Bill,


    My guess is that as inflation accelerates the Gold Cartel has gone on the offensive to try and decisively break the belief that gold and silver are inflation hedges. If there is to be inflation, the government wants everyone to buy TIPS and keep all that money in the system. Look, they say, even if there is inflation, gold is a crummy place to try and protect your money. Give it to us and we will protect you from those greedy petrol pirates, blah, blah, blah.


    Of course, one day (soon, I hope) the Cartel will run out of the metal they need to enforce their agenda and we will get honest markets back. The thing to remember is that the Bullyon Boys can only get their way for a limited time and I don't think it is in their power to permanently sever gold's link to economic reality.


    It also seems to me that what we are seeing now in precious metals is the kind of panic selling that arrives on waves of margin calls and short sales. If nothing else, this is how markets that don't have some hidden supporting force act from time to time. Market action like this is never allowed to happen in the major averages. The plunge protection team is ever ready to step in when panic, or even serious anxiety,
    strikes.


    Go GATA!


    Peter R


    Bill Murphy,


    I want to bring something to your attention, and to Mike Bolser's (whose e-mail I don't know), about the "Campaign" against gold and silver by the Fed and the banks. Perhaps you have already thought of it, but as I have not heard it mentioned in the precious metals circuit, I can only conclude it has not yet been considered.


    While the organized, systematic trashing of gold and silver is obviously designed to hide inflation, and to discourage them as potential investments, one might ask,


    "Why are they doing this just now?".


    With all the hints of future rate increases so obviously still out on the horizon, why are they trashing gold now?


    My answer is that more than knocking gold down to discourage the bond vigilantes from moving out of bonds into tangibles is involved.


    They are preparing the ground for the vigilantes to move into the vastly increased number of TIPS now being issued, instead of into gold, silver and the commodities. That is why I think they are trashing the metals now – to steer the vigilantes into the TIPS when the inflation signaling rate increases occur.


    Of course, the indexing of the inflation correction factor will remain under the control of, as your quote from Orwell implied, the "Ministry of Plenty's" control, where it can be sufficiently understated to permit the government to continue to pilfer the wealth of the bond-holders (only to a somewhat lesser degree).


    If you and Mike think there is anything to this, then it would seem to me that an all-out effort to discredit TIPS by highlighting the fraud of the inflation factor to all who will listen is a necessary pre-emption to defend the gold market, and to steer the bond vigilantes back into tangibles, and away from the paper the Fed so obviously wishes to keep them in. A pre-emptive attack on them in retaliation for the pre-emptive attack on gold and silver.


    Stuart


    Where I am going with all of this is four-fold:


    *We have to be very careful in the short-term. The Gold Cartel could perpetuate anything when it comes to the gold and silver markets. In addition, the financial markets are so fragile, they could implode at any time. One must be very careful about margined accounts.


    *Never in history have there been more reasons to own gold and silver. Regardless of what happens in the very short-term, now is the time to be adding to gold/silver investments on this powerful break. The big picture for gold and silver prices has never been better. Once this orchestrated technical break is over with, which could come at any time, gold and silver will soar again, this time taking out $430 and running quickly for $500. The share prices will go ballistic.


    *While winning this gold/silver battle at the moment, The Gold Cartel is reeling behind the scenes and LOSING the war. The physical gold market is just too strong, demand too powerful. This orchestrated propaganda reveals their real hysteria on the matter.


    *It is time to aggressively do what we can to get the GATA story out there so more and more investors can prepare for what is coming. We may have a way to accomplish this objective. For the first time in over five years, GATA has been mentioned in a major US financial market publication, the Wall Street Journal’s "Smart Money Magazine." I have not seen it yet at is just hitting the newsstands, however, I know it includes a feature article on gold, mentioning GATA and what we are all about. The reason this came to be, according to the author of the story, is he was looking for gold’s staunchest advocate in the US. Gold fund managers unanimously told him: "GATA," not The World Gold Council, "GATA." GATA’s Chris Powell will be following up on this when he obtains a copy.


    This is a big breakthrough for us. We need to send copies, with accompanying letters, to the financial press around the world and ask why they are not covering what GATA has learned over the years? Why do they refuse to even mention us, or deal with the inordinate amount of evidence we have amassed concerning the manipulation of the gold price? By suppressing a known scandal, they are just making it worse in the end. Just ask the Enron executives, or Defense Secretary Rumsfeld. Now that "Smart Money Magazine" has brought this subject out of the financial market closet, others might not be so shy about dealing with this very important issue. More to come on this development.


    Meanwhile, Keep the Faith and remember:


    GATA BE IN IT TO WIN IT!


    BILL MURPHY
    CHAIRMAN
    GOLD ANTI-TRUST ACTION COMMITTEE


    MIDAS


    Appendix


    To further understand what is going on regarding the financial market storm which is coming, I strongly recommend everyone read what the savvy Jim Puplava has to say in his latest:



    ILLUSIONS


    by Jim Puplava


    Storm Watch Update from Jim Puplava


    May 7, 2004


    http://www.financialsense.com/…oldupdates/2004/0507.html


    -END-


    Adrian Van Eck’s commentary will be very helpful also:


    Adrian Van Eck's Hotline on Money and the Economy (1 800 219 1333).


    For: Thursday, May 6, 2004


    In order to push its program, China had cut the value of its money in half against the U.S. dollar and then locked it in tightly to the dollar. They did this ten years ago. A few years after they carried out this plan, much of Asia collapsed financially. They had tried to compete with Chinese prices and had lost so much money doing so that they went broke. Indonesia in particular saw 30 years of patient construction of a middle-class wiped out in a few years, and once affluent people fell into the ranks of the poor. The Philippines also suffered mightily. Japan fell into a recession from which it has yet to fully emerge. South Korea also fell victim. For some reason, America praised China because they alone did not then cut the value of their money. It was not recognized that they had done so before everyone else and had triggered all the other nations’ problems and that their plague brought on the Russian and Latin America defaults.


    American big business, in its greed and ignorance of the fundamental principles of capitalism, fell in love with China’s planned economy and assumed that its workers would put up with slave labor wages and working conditions for two more generations. So dozens and then hundreds of American manufacturing plants moved there. The American Purchasing Managers Association changed its name to the Institute of Supply Management. They began putting out glowing reports on American productivity, production, new orders and employment. Their numbers have grown further and further away not only from the harsh realties of life in America (nine million unemployed, worst since the Great Depression of the Thirties) but even from the Federal Government’s own numbers - which all too often (as in the case of the alleged GDP growth, the CPI and recently the number of new jobs created) have begun to resemble only the vivid imagination of bureaucrats being pressured to come up with the "correct" numbers.


    Through it all I have watched the way China was absorbing $120 billion in trade surplus and another $50 billion in direct corporate and Wall Street investment per year. For an economy that totals only one and a quarter trillion dollars a year (about one-tenth the size of ours) that was a way-out-of-line sum of money. That money largely went into China’s four big government-owned banks and then was distributed via a constant series of make-believe "loans" (really subsidies) to Chinese corporations, especially the state’s BIG 35. The result was that the banks were increasingly holding worthless loans equal to two-thirds of their deposits, a number no civilized nation can tolerate. Once, twice, three times China announced "reforms" that consisted of gigantic government cash infusions into their banks, to help them get solvent. But bad loans have been building faster than the bailouts. They were getting cash transfusions while bleeding out 1000 holes.


    Then came the climax. China has few raw materials. To build new factories for Americans and themselves, they purchased iron ore, copper, aluminum cake and a host of other commodities - plus advanced machinery and more recently food to feed the millions of farmers who had flocked to cities and had given up growing foods. The volume of imports grew so high that Japan, Asia, Europe and Latin America were living off China, taking from China the money flowing in from America. I knew it could not last and in a recent Forecast I said so. I predicted that one day soon the bankers would call their biggest borrowers into their office and say: "The party cannot afford these huge subsidies we call loans. You will have to raise your prices to cover at least most of your costs." That is exactly what happened a week ago. Wall Street is desperate to hide the fact that its investments are at risk and that it peddled worthless junk to pension funds and mutual funds. They are using a pile of lies and are claiming all is well in China.


    I say they are lying. And the proof I have waited for appeared in Barron’s this past weekend. China has been buying U.S. Treasuries to fund a portion of our debt. That alone kept the Treasury from blowing the whistle on them and their big American CEO friends, who have shipped three million jobs to China and falsely called it productivity increases. (The ISM does not ask members where new orders are being produced.) But guess what: American banks have stripped their loan portfolio dry, cutting back every category except purchase of Government securities, which rose a shocking $15.7 billion. Over at the Fed, foreign holdings of U.S. Treasuries (which had been rising by $6 billion a week for a year actually fell by $1.86 billion). And Fed credit, which had only increased by $23 billion in the previous 51 weeks, jumped an astounding $5.7 billion in one week. In addition, the Fed bought outright $753 million worth of Treasury securities.


    We had been warned over a year ago they could and would do this when it was necessary. Greenspan had flown to Asia and told them he had a bottomless checkbook and a bushel basket and would buy any T-debt they wanted to sell. And Governor Ben Bernanke - a genuine scholar of both the Depression and the decade-long period ending in 1951 when the Fed had printed money and brought as much Treasury Debt as needed to keep both long and short Treasury rates very low, had pledged to send helicopters aloft all over America and dump cash out to the public, the way ranchers drop bales of hay to cattle caught in the fields after a snow storm.


    SO BRACE YOURSELF. If this is the beginning of the move that I think it is, America will experience a new round of inflation. It will be denied on all sides, as it is being denied now. (I know of no one who believes the government’s inflation numbers. If the real inflation data were subtracted from nominal GDP, it would be seen that both growth and productivity are well below what they claim today.)


    Nevertheless, while denying there is inflation, the government and the ISM are boasting that prices paid and received by businesses are climbing at the steepest rate in years, and they say this new pricing power has come just in time to save many businesses that were starved for funds before. So forget whether the Fed dropped the word "patient" from its new announcement. And don’t worry about a quarter-point "tightening" at the end of June or the middle of August. You are seeing the first bales of money dropping from Bernanke’s helicopters. Before they are done, true inflation will be up to 8%, although the government will claim it is either 5% or 6%. And everyone in the financial media, especially the Wall Street Journal and Investor’s Business Daily, will brag about how modest and benign inflation is.


    During this new period of DENIAL, Gold is acting as if there is no inflation and will be no inflation. Well, along with my son Jonathan Van Eck I believe they will be proven wrong about inflation and the value of Gold again today, as they were in late 1979. But this time the surprise will be to the upside.

  • Hallo,
    würde mal sagen überzeugt bleiben -
    es wird alles versucht um Gold oder Silber in die Hände zu treiben die vom gewaltigen Anstieg ,der kommen wird, profitieren wollen!
    Da ist meiner Meinung nach noch eine Weile hin!
    Die Commercials gehen wieder langsam von den Goldshorts raus,
    ist vielleicht jetzt die letzte Gelgenheit(wie schon so oft gesagt) um für Papier relativ viel Edelmetall zu erlangen!
    Die starken Händen werden in diesem Jahr nochmals voll einsammeln!
    Die Fakten und die Daten haben sich doch nicht geändert, laufen doch immer besser für gold und silber!




    http://www.goldismoney.info/fo…ent.php?attachmentid=5952

  • bognair: ich wollte die echten Goldbugs immer vor Verlusten bewahren


    Wer kann denn jetzt nachkaufen....nur der der vorher Gewinne gezogen hat.....die Talfahrt soll derjenige mit meinem schwarzen Peter mitmachen.


    Die Schulden werden nie zurückgezahlt,jedenfalls nicht ehrlich.


    Das ist in einer Demokratie nicht vorgesehen.


    Also wird inflationiert,aber so subtil dass es die breite Masse nicht merkt.


    Wie schrieb ich: Gold ist pure finanzielle Anarchie.


    Also ich kaufe jetzt......es ist alles saubillig und gebe bei Huui 240 schon wieder Teile und gehe in aussichtsreiche Werte der 2.Reihe.


    Jetzt gibt es Qualität saubillig.....eine KCN,GFI, .....etc eine DRD würde ich noch nicht anfassen.

  • @Patrone


    Zitat

    Ich wollte die echten Goldbugs immer vor Verlusten bewahren


    Hört sich gut an Lupo!


    Nur wenn ich Deine alten Warnungen im W:O Board recht in Erinnerung habe, hast Du unter anderem eine KCN zum Verkauf empfohlen, als sie nicht einmal einen Drittel des heutigen Preises gekostet hatte.


    Dass Du auch extrem vor Gold, oder Goldaktien Käufen um die 300.- Dollar, 330.- Dollar gewarnt hattest, ist Dir wohl auch nicht mehr in Erinnerung geblieben.


    GATA, die Du mehrfach als einen Haufen Idioten bezeichnetest, die nur Mist (Saich) erzählen, wie Du gestern bemerken musstest, hatten mit ihren Empfehlungen bis vor kurzer Zeit richtig gelegen, ganz sicher nicht Du Lupo.


    Dass Du die Gunst der Stunde nutzend, Dir Dein "Comeback" als arroganter "Analyst" hier im neuen Gold Forum gerade zu einer Zeit der "Korrektur" bei Gold, und Silber ausgesucht hast, ist auch nicht gerade ein Zeichen von Wissen, oder Erfolg, und schon gar nicht das von Stärke.


    Es ist nur Deine Art, des sich bemerkbar machens.


    Dass Du dazu zumindest früher bei W:O, ständig wechselnde User Namen benutzt hattest, die neben Deinen zig Verstössen gegen Anstand im Umgang mit Usern die nicht Deiner Meinung waren, oder die Du, wie Du bis heute immer noch zu glauben scheinst, nicht zum Boardadel zählenden Gold Bugs, mehrfach gesperrt wurdest, ist auch kein Zeichen dafür, dass Du auch nur irgendjemand vor Verlusten bewahren wolltest.


    Wie häufig schon, hast Du der GATA das Prädikat "Idioten" verpasst, den Kleinanlegern am Gold Markt, die bei einem Goldpreis von noch unter 300.- Dollar Goldaktien gekauft hatten, und richtiger Weise die Preisentwicklung dieser Gold Aktien erahnten, das Prädikat "Lemminge" ausgeteilt, nur weil Du gerade selbst glaubtest, man müsse jetzt Verkaufen, weil der Goldpreis fallen würde.


    Dass Du jetzt plötzlich eine Gold Fields, und Kings Gate, mit "strong buy" begibst, ändert nichts an Deinen vielfachen vergangenen Falschaussagen zu Gold, und Silber Aktien, und noch weit mehr, Deiner Falscheinschätzungen der fundamentalen Lage beim Gold Geschehen.


    Von jemandem der von sich behauptet, seit bereits 25 Jahren in diesem Gold Geschäft unter dem Strich immer nur Geld verdient zu haben, hätte ich eigentlich etwas mehr erwartet, als den obenstehenden Satz.


    Gruss


    ThaiGuru

  • News Release



    Hecla Gold Production to Increase with Development Decision on Mina Isidora; Additional Positive Exploration Results from Mexico and Venezuela
    COEUR D'ALENE, Idaho--(BUSINESS WIRE)--May 10, 2004--Hecla Mining Company (NYSE:HL) today announced plans to develop the Mina Isidora gold mine on the Block B lease in eastern Venezuela's El Callao gold district. Production is expected as early as the end of 2005. Full commercial production of about 360 tonnes per day is expected to be achieved in the second quarter of 2006. Annual production rates of between 75,000 to 115,000 ounces of gold at cash costs between $150 to $185 per ounce are estimated for the first five years of full production, with the current mine plan running to 2012. Relatively little capital is needed to develop the mine, because construction of a processing mill will not be necessary. The ore will be trucked about 70 miles south to Hecla's La Camorra mill.


    Hecla's Board of Directors gave the go-ahead Friday to the approximately $30 million development plan. The identified resource at the Mina Isidora deposit has grown steadily since drilling commenced. At December 2003, reported proven and probable reserves at Mina Isidora were 327,303 ounces of gold. A new resource block model based on definition drilling in the fourth quarter of 2003 and the first quarter of 2004 has increased proven and probable reserves by 29%, to 421,234 ounces. The total estimated mineable resource at Mina Isidora has increased from year-end 2003 to 932,000 tons at a grade of 0.59 ounce of gold per ton. (See attached Mina Isidora schematic.)


    Data from a total of 121 drill holes ranging in ore grades up to 10 ounces of gold per ton have been used to develop the Mina Isidora mine plan. However, for resource estimation, individual samples were capped at approximately 3 ounces of gold per ton. Numerous targets have been established where there is additional potential in several areas along the same geologic structure, where drill holes have intersected ore-grade material.


    A life-of-mine plan has been developed, using ramp access from the Valle Norte portal site. The orebody has a shallow dip, between 42 to 47 degrees. The life-of-mine ore grades are expected to run in the range of 20.3 grams of gold per tonne. At a gold price of $360 per ounce, the return on investment is projected at about 26%.


    Permission has been granted from the various country authorities to move forward with development of Mina Isidora. The majority of capital will be spent on underground development and equipment, with funds also being used for surface facilities, housing, and road and power line construction.


    The deposit occurs in quartz veins hosted in volcanic and intrusive rocks. The mineralized system is open, down-plunge to the southwest. The historic workings of the old Chile Mine are up-plunge to the northeast of the deposit. The El Callao mining district is one of the prolific gold-producing districts located in greenstone belts that are seen in other parts of the world such as the rich Timmins district in Canada and others in South Africa and Australia.


    Hecla Mining Company President and Chief Executive Officer Phillips S. Baker, Jr., said, "We acquired this property in late 2002. At that time, it had nothing but exploration targets. By 2005, we expect it will be a 100,000-ounce per year gold mine. This is another example of Hecla's ability to take a project from exploration to production in very short time frames. There are a couple of reasons for this. First, we are the largest gold miner in Venezuela, which means we get exposure to prime opportunities. Second, the quality of the geology in Venezuela's gold mining districts is phenomenal, and we have an excellent land position in both the El Callao district as well as the El Dorado gold district, where our La Camorra gold mine is located. Mina Isidora is just the first of many new projects we expect to be able to develop here."


    MEXICO


    San Sebastian


    In central Mexico, Hecla has made significant progress in characterizing the mineralization and defining exploration targets on its large land position near Durango, where the San Sebastian silver mine is located in one of the world's most prolific and historic silver belts. A detailed geological study of both the Francine and Don Sergio deposits has been completed. Hecla has also carried out extensive geological, geochemical and geophysical surveys in the area. The result of all this work is now being compiled and interpreted, and a number of new exploration targets are being identified.


    One of the targets generated as a result of the study led to the recent drilling to test potential deep feeder zones beneath the Francine Vein. Three of the first five holes drilled contained ore-grade intercepts over mineable widths, and all five holes contained mineralized vein material. The holes tested two potential feeder zones approximately 500 meters apart along strike and approximately 150-200 meters below the Francine deposit. The intercepts contain abundant base metal sulphides in addition to the precious metal values, indicating a significant change in the nature of the mineralization. Additional drilling is underway to follow up on the new intercepts, and additional drilling will also be required to test the other two potential feeders zones that have been identified. (See attached San Sebastian long section.)


    Baker noted, "We have only been in this district for four years, and we've just begun to scratch the surface of the potential here. There are no guarantees that the deep Francine drilling will result in an economic orebody, but our first holes are ore grade and are consistent with our geologic model. We are going to follow up on this very quickly. Plus, we now have a dozen new drilling targets on this 190-square-mile land position. As we prioritize, some targets will take time to explore, but we are clearly in a mineralized system that is even better than we thought."


    Noche Buena


    Hecla's Board of Directors also approved a plan on Friday to spend $3.4 million dollars to conduct additional resource definition drilling and to complete a feasibility study for the Noche Buena project, located in northern Sonora, Mexico. Hecla conducted extensive work on the project through 1999 when low gold prices caused the company to place the project on standby. Recent improvement in the gold price has resulted in re-evaluation of this deposit, which could increase gold production for Hecla in Mexico. Of the $3.4 million approved for expenditure, $1.8 million will be spent on resource delineation drilling, including approximately 9,100 meters of diamond drilling in 61 holes.


    The drill program is expected to be completed by the end of the second quarter of 2005. Positive results will allow Hecla to decide whether to proceed with construction of this low-grade, heap-leach operation. Successful drilling results would improve Hecla's resource position, and a subsequent development decision would significantly increase Hecla's gold production. A feasibility study would be conducted following a successful drilling program. Mining grades, annual production rates and the mine plan would be determined during the feasibility work. Hecla currently has an indicated and inferred resource at Noche Buena of about 11.7 million tons at a gold grade of 0.03 ounce per ton, and there is a potential to double that resource in the future, with the deposit open to the northeast.


    VENEZUELA


    In addition to the Mina Isidora deposit in Hecla's Bock B lease in eastern Venezuela, several further exploration targets have been identified in the area. Drilling has commenced around the old Laguna mine, with ore-grade material encountered in two of the eight holes. Exploration drilling is ongoing on several other targets in Block B. Geologic studies, including surface mapping, geophysics and geochemistry, are being conducted to identify additional exploration prospects.


    Target identification continued for the El Dorado district exploration program during the first quarter. Hecla's operating gold mine, La Camorra, is located in this district. The objective is to conduct exploration on Hecla's land position surrounding the mine with a goal of locating additional resources that could supply ore to the La Camorra mill. Previous work has identified several veins in the area.


    OTHER


    In other action, the Board of Directors announced that to conserve cash for exploration, development and acquisition opportunities, it has elected to defer the July 1, 2004, quarterly payment of dividends to the holders of Hecla Series B Cumulative Convertible Preferred Stock.


    At Hecla's Annual Meeting of Shareholders, both proposals received approval from shareholders concerning election of directors and amendment to the existing 1995 Stock Incentive Plan. The three directors reelected to the board were Ted Crumley, Charles L. McAlpine and Jorge E. Ordonez C.


    Hecla Mining Company, headquartered in Coeur d'Alene, Idaho, mines and processes silver and gold in the United States, Venezuela and Mexico. A 113-year-old company, Hecla has long been well known in the mining world and financial markets as a quality silver and gold producer. Hecla's common and preferred shares are traded on the New York Stock Exchange under the symbols HL and HL-PrB.


    Statements made which are not historical facts, such as anticipated payments, litigation outcome, production, sales of assets, exploration results and plans, costs, prices or sales performance are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, and involve a number of risks and uncertainties that could cause actual results to differ materially from those projected, anticipated, expected or implied. These risks and uncertainties include, but are not limited to, metals price volatility, volatility of metals production, exploration risks and results, project development risks and ability to raise financing. Refer to the company's Form 10-Q and 10-K reports for a more detailed discussion of factors that may impact expected future results. The company undertakes no obligation and has no intention of updating forward-looking statements.


    Cautionary Note to Investors -- The United States Securities and Exchange Commission permits mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms in this news release, such as "resource," "mineralized material" and "indicated and inferred resource" that the SEC guidelines strictly prohibit us from including in our filing with the SEC. U.S. investors are urged to consider closely the disclosure in our Form 10-K. You can review and obtain copies of these filings from the SEC's website at http://www.sec.gov/edgar.shtml.


    Hecla's Home Page can be accessed on the Internet at: http://www.hecla-mining.com.


    MULTIMEDIA AVAILABLE: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=4636158



    CONTACT: Hecla Mining Company
    Vicki Veltkamp, 208-769-4144


    SOURCE: Hecla Mining Company

  • Zu Deinem letzten Silberchart, Bognair, beschleicht mich ein gewisser Verdacht:


    So ein kurzzeitiger "Ausbruch" unter 5.5, welcher gerade mal alle Zertifikate mit Stop Loss bei 5.5 ausstoppt - könnte der nicht auch von einer Emitentenbank verursacht worden sein? In einem so engen Markt wie dem Silbermarkt müsste so etwas doch möglich sein, oder nicht? Wer garantiert, dass kein Emitent dieser Versuchung widerstehen kann?

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