Beiträge von linar

    The Group of Seven rich nations on Saturday approved the sale of gold by the International Monetary Fund from April as part of a broad reform of its budget, Italian Economy Minister Tommaso Padoa-Schioppa said. "There was an acceptance among the G7 that resources should be raised by selling gold," Padoa-Schioppa, who is also the head of the IMF's steering committee (IMFC), told reporters after a meeting of G7 finance ministers in Tokyo.


    This news amuses me. The need to manipulate gold markets is very strong with the G7 imperialists. And they are really angry that both communistic Russia and very communist China are using gold as a form of currency base. Not directly but indirectly. This gold is part of their 'sovereign wealth' system. It isn't just the huge accumulations of euros, dollars and yen in their FOREX reserves but accumulating gold. Both Russia and China are big gold producers. Both have internal gold markets that have its own pricing systems. Both use their gold reserves to boost their FOREX holdings.



    The horns of dilemma here are easy to spot: if the price of gold drops, of course, all the people trying to evade the 1% interest rate regime being enforced increasingly by the G7 will have no where to go and will be forced to play the G7 game. But Russia and China are not part of this conspiracy. So the gold will flow to them. If they buy up cheaper gold, eventually they will take it all in and the climb in gold will resume if the G7 have 1% interest rates! This dynamic can't be stopped.



    If the G7 insist on this regime, the value of gold will climb after 2 years of this sell-off attempt. Meanwhile, gold buyers will have to hold their gold purchases. This buys the G7 time to play this super-low interest game. And time is what they want! Their plan is for this to force all wealth into the depression-style system we see in Japan. This means they can drop prices and 'inflation' will die due to money moving very sluggishly instead of fast, from country to country, bank to bank. Time is money! And low interest means money can sit and die for a long time! And during this time, the bankers can reorganize themselves and clean out their risks and dump it all on tax payers. And they are busy doing this right now! If Russia and China let them.


    February 10, 2008


    Elaine Meinel Supkis


    ...na ich hoffe nicht nur Russia and China DON'T let them


    linar :)

    merci @Hoka (SCN)


    Mobilization of IMF gold just a sign of central bank desperation
    Submitted by cpowell on Sat, 2008-02-09 18:44. Section: Daily Dispatches


    11:37a MT Saturday, February 9, 2008


    Dear Friend of GATA and Gold:


    Before panicking about the Reuters story appended here, reporting that the G7 conference in Tokyo likes the idea that the International Monetary Fund should raise money for itself by selling some of its gold reserves, consider a few things.


    1) The prospect of gold sales by the IMF has been hanging over the gold market for years.


    2) For almost a decade now central bank gold sales have been accompanied by higher gold prices, not lower prices. Gold demand has been exceeding gold production by about a thousand tonnes per year, the gap being covered only by central bank dishoarding. Even with the rising price gold production is declining, the price still not being high enough to make greater production generally profitable.


    3) Mobilization of IMF gold suggests that individual central bank gold reserves are nearing exhaustion or that individual central banks are no longer willing to dishoard what they have left.


    4) There's no assurance that the IMF has the gold attributed to it and no report as to where the gold its kept. Further, as the Reuters story here acknowledges, any gold sales by the IMF would require approval by the U.S. Congress, which has opposed the idea in the past. This opposition has been offered in the name of supporting developing countries whose economies rely to a great extent on gold mining, but given the secrecy and unaccountability around the gold reserves of various nations, including the United States itself, it is fair to wonder whether the opposition is not also a matter of concealing some impairment of the IMF gold.


    5) Though it is never questioned by the financial press, the rationale that continues to be offered for selling the IMF's gold is plainly ridiculous. That rationale is, as the Reuters story here reports, that the IMF gold should be liquidated and the proceeds invested "in financial securities with positive yields." But what "yields" could be more positive than the "yield" acknowledged for the IMF gold, an increase in value of 400 percent in five years? Is the IMF supposed to be happier with government bonds paying 4 percent per year against inflation rates several times that?


    6) Those who want gold restored as the independent arbiter of the international financial system should be thrilled if all central banks and the IMF dishoarded all their gold at once and got out of the gold market for good. Until then, there really won't be a market price for gold, just a desperately manipulated one, a price well below the cost of production -- still a bargain.


    CHRIS POWELL, Secretary/Treasurer
    Gold Anti-Trust Action Committee Inc.
    http://www.gata.org/node/5986


    ...der Congress und GS vielleicht nicht einer Meinung ;) :rolleyes: :]


    linar :)

    Gold Bull May Have Just Two to Three Years Left to Run


    CAPE TOWN (ResourceInvestor.com) -- In an interview with Lindsay Williams for Resource Investor, Paul Walker, CEO of precious metals consultancy GFMS, says the end of the gold bull market may be just 2 to 3 years ahead.


    RESOURCE INVESTOR: Of course, right on cue as the Mining Indaba starts, the commodity price complex starts to fall. The gold price down not hugely, but down at $890-$891 at the moment. But the end of the gold bull run may be 2 to 3 years away. That’s according to Paul Walker, the CEO of precious metals consultancy GFMS. That’s what he said yesterday as the Indaba opened. And he’s on the line now from Cape Town.


    Paul, a lot of excitement in the precious metals market. Are you starting to get the sense that it’s getting a little bit overheated there?


    PAUL WALKER: I think there are elements of overheating emerging in this market and our house view floor for some time as being fairly bullish. But you can start to detect the stresses and strains, especially in gold on the supply and demand balances. Let’s call ourselves somewhat fundamentalists in our view of gold, and we feel that the long-term trends in this market have to eventually be determined by the balances of supply and demand. We’re starting to see stresses and strains within those balances given current price levels.


    Obviously jewellery demand is a lot lower. We’re seeing mine production being sustained at relatively high levels. The scrap market’s being fairly robust. And all of these issues just give cause for concern as to the ultimate sustainability of this rally, especially if we find, as we expect will happen, investors exit this market at some time in the future.....


    ......Where we stand at the moment I still think there’s those risks exist and which is why people are still moving into gold, and indeed why we’re seeing gold at $900 plus prices. But there will come a juncture where gold has served its purpose. And I think it would be naïve for us to believe that people will just hold gold in perpetuity because they feel that it constantly adds to their portfolio.


    There will be a readjustment of those portfolios at some time in the future when other investments look more attractive. And that’s when I think we start to see the pressure on gold emerging, and potentially the kind of down cycle where expectations feed on expectations. And we could see a relatively sharp ratcheting down of the gold price in two to three year’s time.....


    full story: http://www.resourceinvestor.com/pebble.asp?relid=40334


    ...kann man hören und/oder lesen - ich meine es lohnt sich :)
    und - auch wenn es früh ist - nachdenken was/wann "danach" zu machen ist


    linar :)

    5:15p MT Thursday, February 7, 208


    Dear Friend of GATA and Gold:


    The address made by Sprott Asset Management's chief investment strategist, John Embry, to the Vancouver Resource Investment Conference on Monday, January 21, had some wonderful things to say about GATA and some important things to say about the gold market. It has been posted at the Sprott site here:


    http://www.sprott.com/pdf/news/2008_Vancouver_Speech.pdf


    CHRIS POWELL, Secretary/Treasurer
    Gold Anti-Trust Action Committee Inc.


    linar :)


    ..oder wurde das schon gepostet ?( konnte nicht alles durchlesen ;)

    ...hmmmm - die wurden zum Schlachthof geführt :rolleyes:


    UPDATE 2-Brush Engineered Q4 profit down, shares fall
    Fri Feb 8, 2008 2:38pm EST


    By Nachiket Kelkar


    BANGALORE, Feb 8 (Reuters) - Brush Engineered Materials Inc's (BW.N: Quote, Profile, Research) fourth-quarter profit more than halved, hurt by lower production of specialty engineered alloys and a drop in sales of its beryllium products, sending its shares down as much as 17 percent....
    http://www.reuters.com/article…KBNG31884620080208?rpc=44


    hoffe niemand ist rein :(


    linar :rolleyes:

    ...steck's mal hier rein ;)



    BILL DONOGHUE
    Expect more than a typical recession
    Commentary: Bankers' and brokers' greed has undermined our economy


    By Bill Donoghue, MarketWatch
    Last update: 7:15 p.m. EST Jan. 30, 2008



    SEATTLE (MarketWatch) -- Call this the perfect financial storm or what you will; Wall Street has made fools of financial institutions around the world with their CMOs, CDOs, and greedy boo-boos.
    At least they didn't lose as much as their customers. The stock market is in distress, bond insurers are looking for a $200 billion bailout, junk-bond markets are at risk of further losses and life-, home- and auto insurers' risk has not yet been fully assessed.


    We need real ready-to-go financial leadership and we need it now. Tell the presidential candidates, Congress and economists to stay home. We need regulators with clear priorities.
    Former Federal Reserve Chairman Paul Volcker, former FDIC Chairman Bill Isaacs and anyone they trust would be good choices. They beat inflation and presided over the savings and loan cleanup. Tell Ben Bernanke to go home.
    As for you personally, it's every person for themselves and their family. Study the charts: This is a bear market.... The Wall Street worms have made our economy rotten to the core....
    full story: http://www.marketwatch.com/new…787C55410%7D&siteid=yhoof


    linar :)

    Peter DeGraaf: GATA gold rally -- How high is up?
    Submitted by cpowell on Tue, 2008-01-29 04:24. Section: Daily Dispatches


    11:20p ET Monday, January 28, 2008


    Dear Friend of GATA and Gold:


    Gold trading letter writer Peter DeGraaf is predicting a rally for gold arising from The Wall Street Journal's expected publication on Thursday of GATA's full-page advertisement publicizing the international central bank gold price suppression scheme.


    Like the rooster whose crowing usually precedes the sunrise, GATA will gladly accept any such credit, and our Gold Rush 21 conference in the Yukon 2 1/2 years ago was followed by many sunny weeks for gold. But, to be honest, just as DeGraaf's new letter was posted tonight, those of us hanging around at GATA headquarters were testing the generators and ventilation equipment and gathering our freeze-dried food, beer coolers, comic books, and tin-foil gear for a few days downstairs in the bunker, secure against any central bank counterattack.


    There's room for a few more, especially if you're cute. Knock three times, then thrice again. The password is "Weimar."


    (Weimar? Why not?!)


    In the meantime, you can find DeGraaf's letter, "GATA Gold Rally -- How High Is Up?," at GoldSeek here:


    http://news.goldseek.com/GoldSeek/1201590240.php


    CHRIS POWELL, Secretary/Treasurer
    Gold Anti-Trust Action Committee Inc.

    Goldcorp to sell stake in Silver Wheaton
    Thu Jan 31, 2008 6:38pm EST


    TORONTO (Reuters) - Goldcorp Inc (G.TO: Quote, Profile, Research) said on Thursday it is selling its 108 million common shares of Silver Wheaton Corp (SLW.TO: Quote, Profile, Research) -- a 48 percent stake -- to underwriters in a bought deal, at a price of $14.50 per share.....
    http://www.reuters.com/article…AN3136222620080131?rpc=44
    http://finance.yahoo.com/q?s=SLW.TO


    linar :)