Beiträge von ThaiGuru

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

    Das von Ronald Reagan am 18. März 1988 auf dem Verordnungswege geschaffene, sogenannte PTT Team *Plunge Protection Team*




    Executive Order 12631 - Working Group on Financial Markets - Mar. 18, 1988; 53 FR 9421, 3 CFR, 1988 Comp., p. 559.


    "By virtue of the authority vested in me as President by the Constitution and laws of the United States of America, and in order to establish a Working Group on Financial Markets, it is hereby ordered as follows:


    Section 1. Establishment. (a) There is hereby established a Working Group on Financial Markets (Working Group). The Working Group shall be composed of:


    (1) the Secretary of the Treasury, or his designee;
    (2) the Chairman of the Board of Governors of the Federal Reserve System, or his designee;
    (3) the Chairman of the Securities and Exchange Commission, or his designee; and
    (4) the Chairman of the Commodity Futures Trading Commission, or her designee.


    Section 2. Purposes and Functions. (a) Recognizing the goals of enhancing the integrity, efficiency, orderliness, and competitiveness of our Nation's financial markets and maintaining investor confidence, the Working Group shall identify and consider:


    (2) the actions, including governmental actions under existing laws and regulations (such as policy coordination and contingency planning), that are appropriate to carry out these recommendations.


    (b) The Working Group shall consult, as appropriate, with representatives of the various exchanges, clearinghouses, self-regulatory bodies, and with major market participants to determine private sector solutions wherever possible.


    Section 3. Administration. (c) To the extent permitted by law and subject to the availability of funds therefore, the Department of the Treasury shall provide the Working Group with such administrative and support services as may be necessary for the performance of its functions."

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

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


    http://www.lemetropolecafe.com


    CARTEL CAPITULATION WATCH


    Everywhere you turn, the gold signs were bullish today.


    *Crude oil closed at $40.77, up another 71 cents. For the past six weeks gold and oil have gone in opposite directions to a substantial degree. This is a historic anomaly thanks to The Gold Cartel. What will the cabal forces do to gold if oil rockets closer to $50 per barrel? Heaven help us if the terrorists to more damage to the world’s oil pipelines in the weeks to come.


    *A shocker:


    May 12 (Bloomberg) -- The U.S. trade deficit grew in March to a record $46 billion as the highest oil prices in more than two decades and increased consumer spending boosted the value of imports, the Commerce Department reported in Washington.
    The gap in goods and services trade comes after a deficit of $42.1 billion in February. Imports and exports surged to all-time highs, and the deficit with the Organization of Petroleum Exporting Countries was the biggest ever.


    You have heard this one before. In 1998 Goldman Sachs forecasted the US trade deficit would grow to $19 billion from $12 billion per month. This produced gasps from the Wall Street crowd. No a $46 billion gets an, "oh well." The dollar barely budges and gold is clocked. –


    We are living way beyond our means in America.


    *The Working Group on Financial Markets must have been in there somewhere holding up the dollar after a trade report like that. It only fell .40 to 91.44, while the euro only rose .47 to 118.98. Still, the dollar was down, not up, and certainly not a reason for gold to sell off like it did.


    *The bond market closed in new low ground at 104 7/32, down 11/32. This market is too big for The Working Group on Financial markets to control. Too many bond vigilantes out there who have spotted the obvious growing inflation in the US.


    *The stock market was in real trouble when gold was still trading. Then, Santa Maria, another Hail Mary rally by the DOW. The Working Group on Financial Markets went all out today in another shameless attempt to keep normal market forces from taking hold. Forget oil going to $50. Forget continually rising long rates. Forget the trade deficit. Forget the Iraq disaster. The US stock market has the PPT going for it, just as we have The Gold Cartel sitting all over the gold market.


    Ah ha, here it is:


    Bill,


    "In case you missed it, Barton Biggs (formerly of Morgan Stanley) was on CNBS earlier this afternoon telling the world that the market was oversold and we should witness an explosive rally in the next few days. Then like magic, it began to happen. After being down 160 pts., the Dow is closing positive. A random walk?"


    Biggs is a stooge for The Working Group on Financial Markets. A couple of years ago he raved on CNBC about Peter Palmedo’s gold report (PP is a visible and successful gold fund manager) which predicted $500+ gold I believe. Gold popped. The next morning he came back on CNBC to say he really didn’t know what he was talking about.


    He sure knew what he was talking about today. With all the news gold friendly, it tanks. With all the news stock market bearish, it pulls an incredible rally. If you don’t get it yet that BOTH markets were managed today, GATA has a bridge for you to buy.


    The DOW came back late in the day from 160 down to close up 26 at 10,045, while the DOG came back from 55 lower to finish at 1926, down 6.


    If you would like to read more on the secrets of the PPT, got a good one for you:


    May 12, 2004
    THE SECRETS OF THE PLUNGE PROTECTION TEAM


    http://worldvisionportal.org/wvpforum/viewtopic.php?t=204


    Already I have received more angry letters about the PPT and Gold Cartel than I can ever remember.


    GATA’s Mike Bolser:


    Hi Bill:
    The Federal Reserve added today May 12th 2004 $6.75 Billion in temporary repos and will deliver a permanent open market operation tomorrow. The pool stands at $38.42 Billion.


    The DOW's 30-Day moving average is now level and must be watched to see if it dips, but it still isn't too far away from its target track. Combined with the modest repo funding I continue to be biased strongly towards a DOW rise into the Summer. The Fed hasn't lost control...yet.


    The latest down draft in gold is clearly over, signaling an end (for the moment) to the remarkable buying opportunity in physical gold.


    The cartel's weakest moments may logically occur during their counterattacks since they consume increased physical from their dwindling stocks. There is no way to know exactly how much they have left, but it is reasonable to guess that their position is weakest during the highest drain rate periods. Moreover, I have previously noted that the cartel needs refined gold with which to continue their intervention. Central banks don't always have refined gold of the required purity. In this requirement they compete with regular bullion demand which has therefore severely taxed the capacity of the world's bullion refiners.


    If it were possible to gain information on the refiner's operations it would be a very important achievement in the war for gold intelligence. GATA would be grateful for input.
    Mike
    michael.bolser@verizon.net


    Chuck checks in and notes:


    You can tell when the market is ready to rally by the put-call ratio. After the rally has punished the shorts, the market resumes its downtrend. This has the effects of preventing profitable shorts and it keeps the hopes up of the lemmings who don't see what's happening.


    Notice the bond market when the rally started! Not much longer for this foolishness. We have a "rendezvous with destiny....


    I'm not surprised that the golds opened higher and then sold off. It came on news. I think that what we will see is as the market collapses the golds will rise and heave and then at the right moment will explode.


    We're getting close to panic time. How can anyone sell their gold shares at this historic moment?


    Your labor and faithfulness to the truth will be rewarded. Chuck


    Houston’s Dan Norcini puts it in perspective this morning, well before gold was bombed:


    Hey Bill:
    Take a gander at the following short blurb on Reuters this morning. More obfuscation and denial. These guys at the Fed remind me of that scene in the original "Planet of the Apes" in which the three ape panel of judges are a caricature of the "See no evil, hear no evil, speak no evil" trio.


    I submit that any individual who 'sees no worrisome buildup of inflation' either has an elevator that doesn't go all the way to the top or has been accustomed to speaking lies for so long that they actually are beginning to believe their own nonsense.


    Also, I wonder what he means by high energy prices being "transitory in nature". No doubt consumers will draw great comfort from those words of inspiration as they watch the wheels spinning on the gas pump like some sort of Vegas slot machine. We should all sleep better knowing we have such men of insight and keen intuition at the helm of our economic ship of state....


    And to think this is representative of the people who are fond of meeting in rooms with no windows to work their magic alchemy and come up with Fed policy. "Scotty, beam me up."
    Dan


    Fed can raise rates at gradual pace-Moskow


    NEW YORK, May 12 (Reuters) - Chicago Federal Reserve President Michael Moskow on Wednesday said the central bank intended to raise U.S. interest rates at a gradual pace, though much depended on developments in the economy.
    Speaking on CNBC, Moskow said the types of inflationary pressures seen so far this year, such as higher oil prices, were transitory in nature and he saw no worrisome buildup of inflation.
    Asked about risks to the economy, he cited employment as the major concern though he thought the recent pickup in jobs growth was likely to continue. Moskow is not a voting member of the Fed's policy committee this year. –END-


    Some interesting thoughts from Kiwi land down under:


    Hi Bill:
    Another disappointing day with Gold dropping $7 from its high after such Gold friendly news. So....


    I have a question which I know you cannot answer but perhaps you or Mike Bolser or Reg Howe might give us your thoughts.


    HAS THE 1st WASHINGTON AGREEMENT BEEN BROKEN???


    My thoughts:


    We know that there are two gold markets-one Paper-one Physical-that they interact, that the Paper market can determine the Gold price short term but not long term. In other words if the Paper market had its way Gold would
    never rise but since it has (at least in US Dollar terms) we know physical demand rules in the end.


    Over the past few years there are been three major Gold drops.


    1.) Right after the Washington Agreement (WA) was announced Gold exploded upwards and then was crushed to a new low. They faced the Abyss, they said.


    2.) Last year, Feb 2003, Gold hit $390/oz just before the Iraq War began and then proceeded to crash to $317. The crash coincided with a UN speech given by Colin Powell and a meeting between Bush, Blair and Spanish Prime Minister Aznar.


    3.) This year Gold hit $430 only to be crushed again down to $370 (so far) after numerous stories appeared including one that the French were planning to sell 500 tonnes over the next 5 years.


    We know the Central Banks could not possibly control the Gold price with a measly 400 tonnes as allowed under the WA. The structural deficit exceeds that amount by quite a bit. We also know that to knock Gold back $70 per oz requires a lot more than paper Gold promises. There is only one possible source of enough Gold with the motivation and the will to accomplish this and that is Central Bank Gold.


    So let's go back to each of the 3 cases cited above.


    1.) You had the following story in a recent Midas: "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"


    Now 16.6 million oz is approx 500 tonnes and note the date of the article and the comment "missing from its vaults after 1998". Could Spain have supplied this Gold to help crush the Sept 1999 rally?


    2.) Again Spain! Why would Aznar, despite overwhelming popular opinion against involvement with the US and UK, decide to send troops to Iraq? My guess is that Spain needs oil. The Iraq war is about control of Middle East oil. The deal: Spain sends 3000 troops and sells 500 tonnes of Gold and they get on the list of customers for Iraqi Oil.


    3.) France! The gold bugs favorite player because they are supposedly strong Gold holders. Well suddenly they change policy. Why? Did they buy their way on that Iraqi Oil list with 500 tonnes of Gold.


    One other possibility: Each run up in the Gold Price gets crushed at 350 euros. The Euro Gold chart is worth posting. Would something real bad take place with Gold derivatives if 350 Euros gets taken out??


    I realize all this is pure speculation. Any thoughts?
    Cheers from Auckland, Ed


    While the regular stock market was rescued by the PPT, the gold shares were taken after even when gold was holding up, most likely by the same crowd. The HUI traded at 184.12 in the very early going and it was all downhill from there on in. It settled at 175.49, down 1.96. The XAU fell .78 to 80.70. The gold shares sold off near the bell as the DOW was roaring its way back.


    I have to believe our entire financial system is slowly but surely unraveling. Between issuing doctored up financial reports on the economy, propping up the US stock market and crushing gold, the financial powers in the US are turning up the steam on the financial world pressure crooker. These manipulations are going to contribute more stress to the system as the markets are not allowed to function with what reality dictates and are building up all kinds of imbalances. One day the dam is going to break.


    Therefore, we are required to have patience and suffer in the short-term in order to make a fortune down the road. Just the way it is these days!


    GATA BE IN IT TO WIN IT!


    MIDAS


    Appendix


    The latest from Mahendra:


    Dear Members,


    I am enjoying my stay in the beautiful city of SANTA BARBARA. I have found a lot of peace here, which plays a key part in meditation. However, I know that metal community is not at peace especially those who are fully invested.


    A lot of news and many emails are being exchanged concerning the future of metals, oil, market, elections, China etc... All are trying to apply their thoughts and calculations in regard to the future coming time and its possible impact. We all know that the future is hidden and that it has millions of ways or options to which it can turn for individuals or the world.


    I love astrology because I want to flow with the time and not against the time. If I come wrong I try to look for the wave and my retrace my steps to find out where and why I went wrong. This is because when we realise our mistakes, then the next time we always take steps to flow carefully along and not against.


    In my book I strongly recommended to sell metal positions and stocks at around 28th March and buy back around 10th May. This is what I wrote eight months back while writing the 2004 World & Financial Prophecies book. I was in India for a while, specifically from 24th March to 16th April and was really unable to guide you on time. Anyhow the past is past and gone and so we must look ahead towards the future.


    Here is guidance for the next week:


    Predictions from 9th May to 13th of May:


    Gold:


    Last week I expected Thursday and Friday to be bad days for metals and it acted just like that. This week looks very promising except for Monday and Friday. On Monday one can put money in metals and hold till opening prices of Friday morning in New York. If they open weak then one can sell in the morning and buy back in the last 10 minutes of market closing.


    When Monday’s show starts prices of gold will remain stable but they could fall 1 or 2 dollars in Europe.


    From Tuesday, a very strong rally will start in gold stocks and this rally will continue until Friday morning.


    During this week gold will trade from $378 to $394.


    Avoid all kinds of rumours, news and articles which say that the metals Bull Run is over because I still see a very strong rise for the next 42 days from 17th May.


    This year I still see gold reaching $525 to $545 and also next year there will be strong gold prices. Metal stocks will soon trade on another new high and this means that they will bounce back very strongly from the current down ward trend. I don't read commentaries by experts on strong or weak dollar or inflation or strong economy etc...and neither am I PERSONALLY supporting gold. I just predict what I see and that is what I have been predicting for the last few years on gold, silver and other metals, oil, weak dollar and rise of technology in 2003 and now crash of USA market.


    My job is just to guide you but for the first time permit me request that you buy metals stocks- let people continue to speak of weak metals.


    Silver:


    Silver will still remain of an uncertain trend until the 15th of May but this price is a bargain or discounted price (or silver is in sale)for those who are looking to a one month investment plan because at the same time during the next month silver will trade around $7.00. I have also previously said that below $5.80 is not the real price according to astrological calculations and that it will soon bounce back and we won't see these current prices again in the year 2004 as well for next 42 months.


    Palladium and Platinum:


    I will still not recommend investing in both these metals but also don't short them.


    Stock Market:


    The last two weeks my predictions were a little bit positive on the market but it didn't happen. This means that we are near to the fulfilment of a major prediction on world financial market- (As you all know I am predicting the worst crash which will start in the market from June and last for few years.).


    Currencies:


    After achieving 98% of accuracy in last 32 months, I have been off track on currencies for the last 8 weeks and so I have decided to watch this week and try to go into more details on currencies.


    Coffee:


    I have been watching this product very closely because my planetary calculations favoured coffee in 2004. We may see it crossing $100 in a few months and it could reach $140 a few days after crossing $100.


    OIL


    My astrological calculation came very accurate on oil. It will hit new high of $41.80 and then after we will see correction of $4.00. I still hold my prediction for oil reaching $50 soon.


    In my book "2004 World & Financial Prophecies" page 100/101 few line says:


    Oil and gold ought to be the two key areas in which long term investors should focus in this century. In 2004, I expect oil prices to reach $50 per barrel and up to $100 per barrel within next 30 months. The following twelve and half years will witness a continuous rise of oil prices because of planet Saturn.


    The year 2004 shows a completely different scenario. The prices will gradually move up until 22 June, after which they will gain hugely, making a dramatic leap of between 40% and 60% for the rest of the year.


    World Events:


    The bad period for the world will end on the 16th of May and till this date we pray for a peaceful period.


    Just a small note: It is profoundly unfortunate that our leaders today are engaged in promoting hatred and instituting unhealthy scenarios in this world made by the creator. Though all religions bid us to avoid bad or negative KARMA but political and religious leaders (with their bad KARMA) are forcing this beautiful world onto a destructive path where only the ego, hatred and revenge will take birth. It is such a sad situation that human beings are fighting one another, each one trying to dominate the other.... Is it for this reason that the creator created us? Its looks like that love, peace and caring for each other is fast disappearing. Is this because of bad KARMA? I think lets start you and me positive KARMA path and we never now may tomorrow world will follow...


    I pray and wish that the creator can apply some magic or perfume in the air which would turn everybody's mind towards the path of love...love...love… and peace...peace...peace.


    Thanks & God Bless


    Mahendra

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

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


    http://www.lemetropolecafe.com


    The John Brimelow Report


    Wednesday, May 12, 2004


    Indian ex-duty premiums: AM $9.09, PM $6.64, with world gold at $378.25 and $380.35. Continuing well above legal import point. India remains preoccupied with the general election there – results are due at some point tomorrow – and the rupee finished at an import-unhelpful 4 month low.


    While world gold edged up throughout the Japanese day, TOCOM itself remained unenthusiastic. Volume fell 11% to only the equivalent of 17,404 NY lots, and the active contract closed down 10 yen. Open interest did rise the equivalent of 1,566 Comex contracts. World gold was up $1.45 above NY’s last at the close. (NY yesterday was estimated to have traded 50,000 contracts.)


    Apparently no one felt bold on Comex yesterday. Standard London makes the interesting observation that:


    Zitat

    "Locals on the COMEX sensed that the OTC traders were short and when there was no follow through on the downside the market reversed direction, recovering to $378.40 before pulling back to $377.00 bid by the close, a loss of $1.60 on the day."


    Activity on the OTC market by definition means sophisticated, probably large, parties involved. A major advantage to them is that OTC activity circumvents the CFTC position limits. In other words, these facts are consistent with a large short position being on. So was the close on Comex. In the final 30 minutes, estimated volume jumped 32% as gold was smashed down off its highs, a tactic usually seen when a short has to be defended.


    If it should happen that gold rallies abruptly, the shares could be dramatic. Martin Pring, unwaveringly gloomy on the sector for many weeks, shifts somewhat this morning:


    Zitat

    "…the Philadelphia Gold and Silver Share Index has reached important support in the form of an up trendline. The oscillator, constructed from new 40-day highs and lows, is extremely oversold…overbought/oversold crossovers of this indicator have often called turning points in this Index…Our best guess is that both gold, and gold shares, are about to experience a spirited rally as part of an overall trading range."


    JB

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

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


    http://www.lemetropolecafe.com


    May 12 - Gold $377.30 up 60 cents - Silver $5.56 up 5 cents


    The Pathetic Crooks Must Be Desperate?


    Zitat

    Last, but by no means least, courage--moral courage, the courage of one's convictions, the courage to see things through. The world is in a constant conspiracy against the brave. It's the age-old struggle--the roar of the crowd on one side and the voice of your conscience on the other...Douglas MacArthur


    GO GATA!!


    Some days are tougher to take than others. This is one of those days – one in which I would like to scream at those clueless ones who refuse to acknowledge, and then spread the word around, how the gold market is being manipulated. It is these mentally challenged ones (when it comes to this issue) that have hindered efforts to expose this fraud for what it is. The same goes for those gold/silver producers who spend their time on building shareholder value in every area except the most important one of all, that of freeing the gold and silver prices from the shackles of a vast criminal enterprise.


    When gold roared up $6.90 this morning after an absolutely horrendous trade number, I called my colleagues and blurted, "gold is limit up, here comes the $6 Rule, that’s it for the day." This was after the first 20 minutes of trading. And that was it. The Gold Cartel stopped the rally cold and sold bullion off, finishing their work by slaughtering it for around $3 in the last 15 minutes


    None of us have the time, however, I’d wager a good amount no market in history has ever traded like gold when it comes to limited gains of $6+ and unlimited gains on the downside. The probabilities of gold only going up so much over and over and then crashing on the downside are off the charts were this a free market.


    It doesn’t get any better when it comes to reasons for gold to be flying:


    *an on fire cash market
    *a 1% US Fed Funds rate
    *an incredulously deplorable trade deficit
    *a geopolitical mess in Iraq
    *exploding budget deficit
    *and oil cruising towards $50 per barrel.


    None of this matters when the most powerful, rich and devious people in the mainstream world take matters into their own hands. They won’t allow gold to rally to give any credence to the notion the US has a troublesome inflation problem.


    You have to wonder what kind of panic is going on behind the scenes? The manner in which they are muscling gold suggests they are freaking out. They must be the case for them to be afraid of gold popping its head up a few dollars after they have trashed it like they have already over the past month. For sure, they have come out in the open and don’t seem to care who notices what they do anymore. A Café money manager put it this way:


    Bill,


    This 20 minute "collapse" in gold from $381.60 to $377.30 was the most extreme example of blatant manipulation I have ever seen! Has anyone ever asked Ron Paul to contact the Texas Attorney General to investigate the CFTC?


    Regards,
    W


    Yes W, GATA has tried it all. I visited Ron Paul in Washington years ago; met with: Dennis Hastert, the Speaker of the House; James Saxton, Vice-Chairman of the House Joint Economic Committee; Senate Banking Committee; Spencer Bachus, Chairman of the Subcommittee on Domestic and International Monetary Policy; and with two of President Bush’s boyhood friends, which resulted in a GATA executive summary going to the President on his private fax. Former economic advisor, Lawrence Lindsay, sent me a letter the very same day. Then there are the thousands of letters the GATA ARMY has received from the Treasury Department and many Congressmen.


    Another Café member expressed his disgust at today’s public gold mauling this way:


    May 12, 14:09


    Dear Mr. Spitzer:


    A $7 give back--so what else is new?


    Gold(CMX) Jun 384.5-high 377.5-low 377.7-last +0.50 cents
    Swiss FrancJun 77.75 76.94 77.57 +0.45
    EuroFX Jun 119.31 118.24 119.06 +0.55
    US Dollar Jun 91.83 91.20 91.42 -0.42


    No excuses today, Mr Spitzer--we can't blame it on the dollar--the $ is down--Inflation subsiding today? No can't use that excuse, either--June crude just printed $40.90--It's just pure manipulation--when all paper assets are declining and investor's are seeking a safe haven, why would gold give up a $7 gain--There is only one explanation: manipulation!


    -END-



    Meanwhile, gold dealers in Europe are euphoric. Business is brisk and old and new customers are very thankful that The Gold Cartel has knocked bullion down so much, allowing them to step up to the plate at such cheap prices. More Arab buyers are showing up too, selling dollars to buy physical gold.


    To support the surging physical gold market feedback, word to me is Mitsui has a report out which shows a surge in gold activity and in the gold premiums. The report says the refiners are going all out and refining gold at record levels – and have been doing so for some time.


    As you have heard so often in this column over the years, gold will only explode when the corrupt Gold Cartel is carried out on a stretcher. That will occur when they run out of enough available gold to hold off a buying stampede, one which is coming for sure.

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

    bognair


    Etwas Arbeit für Dich?


    Wie wärs, könntest Du uns nicht mal einen Dollar und Gold Preis Chart vom 2. Januar bis und mit 16. März. 04 mit den involvierten Interventionen (Dollarpreis Manipulationen) der Schlitzaugen zusammenstellen?


    Vor allem die Auswirkungen auf den Dollar Kurs Verlauf, und damit natürlich auch auf den Goldpreis, sollte doch eigentlich ein Lehrstück an Beweiskraft ergeben, dass wir Gold Bugs, und ebenfalls die Dollar Shortys, alle zusammen fast täglich verarscht und betrogen werden.


    Die Daten 5. - 9. Januar, 26. Januar, 2. - 3. Februar, und 4. - 9. März, dürften sehr interessant sein.


    Gruss


    ThaiGuru





    [Blockierte Grafik: http://images.bloomberg.com/nav/bblogo.gif]


    http://quote.bloomberg.com/app…=aU.phpRAEmPs&refer=japan


    Japan


    Japan Sold a Record 14.8 Trillion Yen in 1st Qtr (Update3)


    May 12 (Bloomberg) -- Japan sold a record 14.8 trillion yen ($131 billion) to buy U.S. dollars in the three months ended March 31, according to a report released by the Ministry of Finance in Tokyo.


    The sales were a record for a single quarter, a ministry official said. For the fiscal year ended March 31, Japan sold 32.9 trillion yen, also a record, the official said.


    Japan has been selling its currency to stem the yen's gain against the dollar, which may hurt exporters by eroding the value of overseas sales and makes Japanese goods more expensive abroad. The ministry asks the Bank of Japan to buy or sell currency on its behalf. The yen gained 13 percent against the dollar in fiscal 2003.


    Japan sold yen and bought dollars on 47 of the 91 days in the quarter, according to today's figures. The yen traded at 112.63 to the dollar at 10:34 a.m. in Tokyo, from 113.16 late yesterday in New York.


    The last day Japan sold yen was March 16, when it sold 67.8 billion yen to buy dollars, according to the ministry report. Since then, Japan didn't sell any yen through April 27, according to separate reports released by the ministry last month.


    U.S. Federal Reserve Chairman Alan Greenspan said in March that accelerated growth in Japan's economy, the world's second- biggest, signals that ``continued intervention at the present scale will no longer meet the monetary policy needs of Japan.''


    Foreign Reserves


    Japan refrained from selling yen even as it reached a four- year high of 103.40 on March 31.


    Japan's April foreign reserves, which track the government's securities and deposits with overseas central banks, fell to $795.4 billion from $806 billion in March, the ministry said. That was the first decline since August.


    Official reserves fell to $815 billion from $826.6 billion, the ministry said. Official reserves include foreign reserves, International Monetary Fund reserve positions, special drawing rights and gold, and are used when the government buys foreign currency or for international settlements such as payments for imports.


    The following table shows the date and amount of Japan's foreign exchange operations for the three months ended March 31.



    Date Amount in yen Currencies bought/sold
    ---------------------------------------------------------
    2-Jan 380.4 billion yen bought USD, sold Yen
    5-Jan 895.1 billion yen bought USD, sold Yen
    6-Jan 818.5 billion yen bought USD, sold Yen
    7-Jan 582.2 billion yen bought USD, sold Yen
    8-Jan 792.2 billion yen bought USD, sold Yen
    9-Jan 1,666.4 billion yen bought USD, sold Yen
    12-Jan 57.1 billion yen bought USD, sold Yen
    13-Jan 188.2 billion yen bought USD, sold Yen
    14-Jan 207.1 billion yen bought USD, sold Yen
    15-Jan 162.3 billion yen bought USD, sold Yen
    16-Jan 438.6 billion yen bought USD, sold Yen
    22-Jan 24.3 billion yen bought USD, sold Yen
    23-Jan 157.5 billion yen bought USD, sold Yen
    26-Jan 2.1 billion yen bought USD, sold Yen
    27-Jan 188.1 billion yen bought USD, sold Yen
    28-Jan 226.4 billion yen bought USD, sold Yen
    29-Jan 11.2 billion yen bought USD, sold Yen
    30-Jan 23.8 billion yen bought USD, sold Yen
    2-Feb 251.2 billion yen bought USD, sold Yen
    3-Feb 889.3 billion yen bought USD, sold Yen
    4-Feb 88.4 billion yen bought USD, sold Yen
    6-Feb 109.0 billion yen bought USD, sold Yen
    9-Feb 3.0 billion yen bought USD, sold Yen
    10-Feb 116.0 billion yen bought USD, sold Yen
    11-Feb 402.1 billion yen bought USD, sold Yen
    12-Feb 133.6 billion yen bought USD, sold Yen
    13-Feb 386.3 billion yen bought USD, sold Yen
    16-Feb 84.2 billion yen bought USD, sold Yen
    17-Feb 158.4 billion yen bought USD, sold Yen
    18-Feb 241.0 billion yen bought USD, sold Yen
    19-Feb 100.0 billion yen bought USD, sold Yen
    20-Feb 10.7 billion yen bought USD, sold Yen
    23-Feb 118.1 billion yen bought USD, sold Yen
    24-Feb 121.1 billion yen bought USD, sold Yen
    25-Feb 94.7 billion yen bought USD, sold Yen
    27-Feb 169.5 billion yen bought USD, sold Yen
    1-Mar 149.3 billion yen bought USD, sold Yen
    2-Mar 421.9 billion yen bought USD, sold Yen
    3-Mar 79.9 billion yen bought USD, sold Yen
    4-Mar 197.4 billion yen bought USD, sold Yen
    5-Mar 1,244.6 billion yen bought USD, sold Yen
    8-Mar 809.0 billion yen bought USD, sold Yen
    9-Mar 723.6 billion yen bought USD, sold Yen
    10-Mar 69.3 billion yen bought USD, sold Yen
    11-Mar 362.9 billion yen bought USD, sold Yen
    15-Mar 407.5 billion yen bought USD, sold Yen
    16-Mar 67.8 billion yen bought USD, sold Yen
    ---------------------------------------------------------


    To contact the reporter on this story:
    Lily Nonomiya in Tokyo at lnonomiya@bloomberg.net


    To contact the editor responsible for this story:
    Christopher Wellisz at cwellisz@bloomberg.net

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

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    http://www.themoscowtimes.com/stories/2004/05/13/061.html


    Norilsk Palladium Sales


    MOSCOW (Bloomberg) -- Norilsk Nickel, the supplier of half the world's palladium, will sell all the metal it produces this year, Interfax quoted Anton Berlin, Norilsk's head of analysis and market development, as saying.


    Analysts expect Norilsk to produce about 80 tons of the metal, used to clean car exhaust fumes, this year. All information on the company's stocks and production is classified as state secret.


    Palladium reached a 19-month high in the first quarter as China's surging economy drove up global demand for metals and other commodities including oil and coal.


    Norilsk also produces 20 percent of the world's nickel and 14 percent of its platinum. Those metals reached 14- and 24-year peaks, respectively, in the first three months of the year.

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

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    Boost your profile, miners told


    By Barry FitzGerald
    Resources Editor


    May 13, 2004


    The mining industry was crying foul yesterday over the Federal Government's failure to boost Australia's exploration effort through the introduction of a flow-through share scheme.


    But the industry was also optimistic the Government might act on the exploration incentive by wheeling it out as an election promise ahead of a federal election to shore up its regional Australia vote.


    In flow-through share schemes, an exploration company passes tax deductions it can't use itself for exploration expenses through to its investors, who then receive the deduction. It is aimed at making it easier for exploration companies to raise equity funds.


    Australian Gold Council chief executive Tamara Gorrie said the neglect of mineral exploration was a blow to the gold industry, which had been led to believe that measures designed to reinvigorate exploration would be part of the budget.


    Ms Gorrie said it appeared the two years that the industry had spent working with the Government on ways to stimulate mineral exploration "had proved all but fruitless".


    weiter....


    http://www.theage.com.au/artic…/05/12/1084289746439.html