Beiträge von ThaiGuru

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

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


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


    Kebbles' Randgold link unravelling


    By: Stewart Bailey


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


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


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


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


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


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


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


    Zitat

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

    says Kebble.


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


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


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


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


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


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


    Zitat

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

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

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


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


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

    03:42 PM EST Apr 01

    NANCY CARR


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


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


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


    Zitat

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

    Iamgold CEO Joseph Conway said in a conference call.


    Zitat

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


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


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


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


    Zitat

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

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


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


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


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


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


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


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


    © The Canadian Press, 2004


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

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


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


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


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



    Source: Randgold Resources Limited


    Randgold Resource Base Boosted By Increased Ounces At New Mine


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


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


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


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


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


    Note:


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


    BACKGROUND ON RANDGOLD RESOURCES:


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


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


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


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


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


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


    DISCLAIMER:


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



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


    CONTACT:
    RANDGOLD RESOURCES ENQUIRIES:


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

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

    [Blockierte Grafik: http://www.iii.co.uk/icons/logos/uk_logo.gif]


    http://www.iii.co.uk/shares/?t…id=4941293&action=article


    Breaking news


    2004-04-01 20:19 GMT:

    Gold futures tap 15-year highs, close near $429


    SAN FRANCISCO (AFX) -- Gold futures ended narrowly higher with the June contract up 50 cents at $428.80 an ounce on the New York Mercantile Exchange. It briefly traded as high as $432 earlier in the session - the highest intraday level for futures since late 1988. May silver climbed to a high of $8.21, its highest level since late 1987 before closing at $8.148 an ounce, up 20.3 cents. Mining shares are higher, with the Philadelphia Gold and Silver Index and the CBOE Gold Index trading at their highest levels since mid-January. This story was supplied by CBSMarketWatch. For further information see: http://www.cbsmarketwatch.com
    .

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

    Habe gerade im Thread von user Goldberg auf eine Frage nach dem Gold und Silberpreis Fixing ein älteres Posting von mir zu diesem Thema plaziert.


    Da ich denke, dass sich auch in diesem Thread viele Leser über das Londoner "Preis Fixing" schon so ihre Gedanken gemacht haben, und der eine, oder andere Leser sich auch schon gefragt hat wie das den genau funktioniert, respektive sich fragt, wer den nun genau für dieses "Fixing" zuständig ist, oder noch viel wichtiger, was denn die private LBMA überhaupt für eine Institution ist, und vielleicht sogar zusätzlich etwas über die Entstehungsgeschichte der LBMA in Erfahrung bringen will.


    Darum hier nochmals dieses Posting.


    Zwei interessante Links zu kritischen Internet Seiten über die LBMA funktionieren leider heute nicht mehr, wie ich feststellen musste. Die restlichen funktionierenden Links, geben aber immer noch genügend Möglichkeiten sich ein genaueres Bild von der LBMA und ihrem täglichen "Preis Fixing" zu machen.


    Benötigt halt wie so vieles was mit dem Gold Geschehen zu tun hat etwas Zeit, und englisch Kenntnisse, um Zusammenhänge und Querverbindungen richtig erkennen zu können.


    Gruss


    ThaiGuru



    [Blockierte Grafik: http://www.lbma.org.uk/gold_vault_sec.JPG]


    Also da haben wir die Meldung, dass die "The London Bullion Market Association" *LBMA* einen durchschnittlichen Goldpreis von 344.- Dollar pro Unze für 2003 voraussagt.


    Doch wer ist diese *LBMA* eigentlich, was macht sie, wer ist dieser Organisation angeschlossen, und was ist die Geschichte dieser Organisation?


    Dazu einige orginal LBMA Links:


    THE LONDON BULLION MARKET ASSOCIATION


    [Blockierte Grafik: http://www.lbma.org.uk/lbma_lgb.gif]


    http://www.lbma.org.uk/core_page.html


    Liste der Mitglieder:


    Besonders diejenigen Mitglieder, die das sogenannte Londoner Gold Preis Fixing bestimmen, solltet ihr einmal genauer ansehen. Das sind die aufgeführten Banken mit dem angehängten *GF*


    http://www.lbma.org.uk/members_list.html


    Die Direktoren der verschiedenen Commitees der LBMA


    Besonders interessant die Tatsache, dass dem "Physischen Gold Commitee" Peter Smith, JP Morgan Chase angehört, der Bank, der die weltgrössten Shortpositionen in Gold zugeschrieben werden. Dass ein bekanntes weiteres Mitglied,
    "The Bank of Nova Scotia" - ScotiaMocatta, gleichzeitig auch Aktionär bei der privaten "Federal Reserve Bank" *FED*, der USA, zu sein scheint, sei hier nur am Rande vermerkt.


    http://www.lbma.org.uk/lbma_comm.html


    Hier noch einige weitere externe Links zur *LBMA*


    London Bullion Market Association (LBMA)


    http://www.pamp.ch/Gold/ll/lonbulma.html


    London Bullion Market Clearing Turnover


    http://www.pamp.ch/Gold/ll/lonbultu.html


    "Original Five London Brokers"


    http://info.goldavenue.com/Inf…n_mark/in_ma_lond_ofb.htm


    London Gold "Fixing"


    http://info.goldavenue.com/Inf…n_mark/in_ma_lond_fix.htm


    [Blockierte Grafik: http://www.gold-eagle.com/images/redbaronban.gif]



    THE GRAND LBMA EXPOSÉ: A Collective-Mind Analysis


    Part - 1


    http://www.gold-eagle.com/gold_digest/baron907.html

  • fix pm fix am wer kann mir

    @goldberg


    Habe gerade in meinem Archiv gestöbert!


    In diesem im letzen Jahr von mir erstellten Posting, findest Du Antworten auf Deine Frage zum Preis Fixing beim Gold und Silber!


    Hoffe die Links funktionieren alle noch.


    Gruss


    ThaiGuru


    [Blockierte Grafik: http://www.lbma.org.uk/gold_vault_sec.JPG]


    Also da haben wir die Meldung, dass die "The London Bullion Market Association" *LBMA* einen durchschnittlichen Goldpreis von 344.- Dollar pro Unze für 2003 voraussagt.


    Doch wer ist diese *LBMA* eigentlich, was macht sie, wer ist dieser Organisation angeschlossen, und was ist die Geschichte dieser Organisation?


    Dazu einige orginal LBMA Links:


    THE LONDON BULLION MARKET ASSOCIATION


    [Blockierte Grafik: http://www.lbma.org.uk/lbma_lgb.gif]


    http://www.lbma.org.uk/core_page.html


    Liste der Mitglieder:


    Besonders diejenigen Mitglieder, die das sogenannte Londoner Gold Preis Fixing bestimmen, solltet ihr einmal genauer ansehen. Das sind die aufgeführten Banken mit dem angehängten *GF*


    http://www.lbma.org.uk/members_list.html


    Die Direktoren der verschiedenen Commitees der LBMA


    Besonders interessant die Tatsache, dass dem "Physischen Gold Commitee" Peter Smith, JP Morgan Chase angehört, der Bank, der die weltgrössten Shortpositionen in Gold zugeschrieben werden. Dass ein bekanntes weiteres Mitglied,
    "The Bank of Nova Scotia" - ScotiaMocatta, gleichzeitig auch Aktionär bei der privaten "Federal Reserve Bank" *FED*, der USA, zu sein scheint, sei hier nur am Rande vermerkt.


    http://www.lbma.org.uk/lbma_comm.html


    Hier noch einige weitere externe Links zur *LBMA*


    London Bullion Market Association (LBMA)


    http://www.pamp.ch/Gold/ll/lonbulma.html


    London Bullion Market Clearing Turnover


    http://www.pamp.ch/Gold/ll/lonbultu.html


    "Original Five London Brokers"


    http://info.goldavenue.com/Inf…n_mark/in_ma_lond_ofb.htm


    London Gold "Fixing"


    http://info.goldavenue.com/Inf…n_mark/in_ma_lond_fix.htm


    [Blockierte Grafik: http://www.gold-eagle.com/images/redbaronban.gif]



    THE GRAND LBMA EXPOSÉ: A Collective-Mind Analysis


    Part - 1


    http://www.gold-eagle.com/gold_digest/baron907.html

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

    [Blockierte Grafik: http://us.i1.yimg.com/us.yimg.com/i/fi/main4.gif]


    http://biz.yahoo.com/rm/040401/markets_precious_comex_1.html


    Reuters


    NY silver at 16-year peak above $8, gold off highs


    Thursday April 1, 11:14 am ET


    NEW YORK, April 1 (Reuters) - COMEX silver shot to 16-year highs and gold briefly hit a 15-year peak before easing on Thursday morning, as a weak dollar and geopolitical concerns attracted speculators to hard assets like precious metals.


    Silver for May delivery (0#SI:) on the New York Mercantile Exchange's COMEX division rose 11.5 cents to $8.06 an ounce at 10:51 a.m. EST, the highest on monthly charts since July 1988.


    Funds and small speculators have sought out silver due to gold's recent surges, higher base metal prices and the dollar's declines, traders and analysts said.


    Zitat

    "It has to do with the dollar being weak, and a lot of traders are of the opinion that silver inventories are tight,"


    AG Edwards commodity commentator James Quinn said at the exchange floor.


    Gold and silver got a boost earlier as the euro rose when the European Central Bank, as expected, kept interest rates steady at 2 percent for the 10th straight month, Quinn said.


    Silver then rallied further after passing stiff resistance at $7.80 an ounce in European spot trading.


    Zitat

    "Above there you had technical buying and good follow-through,"

    one New York bullion dealer said.


    Zitat

    "There was a little profit-taking up at the highs, but it should be poised to go a bit higher, with $8.25 the next stop."


    Spot silver (XAG=) likewise hit a 16-year high at $8.15, but retreated to $8.04/06, against Wednesday's New York close at $7.93/95. The London fix was at $7.94, a high since 1987.


    Analysts said silver also drew strength from perceptions that above-ground stocks have declined over the years and from interest in buying silver versus gold, or ratio-spreading.


    In gold, prices pulled back from early morning highs as the dollar pared some of its weakness, but it remained well supported.


    Zitat

    "Technical breakouts in the last weak, combined with the much weaker dollar and uncertainty in the world, is supporting the gold,"



    a broker said.

    Zitat

    "It is the same old story, but it still looks significant."


    COMEX June gold futures (0#GC:) were $2.10 softer at $426.2 an ounce, after flickering to a multiyear peak at $433. Traders pegged resistance at $430 and $433 and support at $426/427.


    Spot gold (XAU=) was down at $425.35/5.85, against $426.25/7.00 at the prior close. London's afternoon fix was at $427.25.


    The euro was up versus the dollar at $1.2354 (EUR=).


    U.S. government reports on Thursday seemed to offer relief to budding inflation fears and fuel hopes of a turnaround in the moribund labor market.


    The data showed wholesale prices barely moved in February, while claims for jobless benefits dipped slightly last week.


    The Producer Price Index rose just 0.1 percent in February, a slowdown since January's rise and well below the 0.4 percent advance forecast on Wall Street.


    Jobless claims slid 3,000 to 342,000. Economists had expected a 1,000 rise.


    NYMEX July platinum (0#PL:) extended gains above $900 an ounce but still held below the March 25 peak at $915.50 Thursday. The midmorning price was $906, up $5.80. Spot (XPT=) traded at $910.00/915.00.


    June palladium (0#PA:) gained $6.05 to $296 an ounce. Spot palladium (XPD=) fetched $290.00/295.00.

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

    [Blockierte Grafik: http://www.optionsscheinecheck.de/images/aktiencheck_1.gif]


    http://www.optionsscheinecheck…etype=5&AnalysenID=403991


    OS-News

    01.04.2004


    Neue Turbo-Optionsscheine auf Gold


    HSBC Trinkaus & Burkhardt


    Die HSBC Trinkaus & Burkhardt Kommanditgesellschaft auf Aktien, Düsseldorf, bietet ab dem 1. April 2004 neue Turbo-Optionsscheine auf Gold zum Kauf an.[b]


    Angeboten würden 3 Calls (ISIN DE000TB8PW91/ WKN TB8PW9; ISIN DE000TB8PWA0/ WKN TB8PWA; ISIN DE000TB8PWB8/ WKN TB8PWB) mit einem Basiskurs von 360,00 bis 400,00 USD. Zudem biete man noch 3 Puts (ISIN DE000TB8PWC6/ WKN TB8PWC; ISIN DE000TB8PWD4/ WKN TB8PWD; ISIN DE000TB8PWE2/ WKN TB8PWE) mit einem Basiskurs von 440,00 bis 480,00 USD an. Die Bezugsmenge laute bei allen Scheinen 10:1. Der letzte Handelstag sei der 2. September 2004 und der letzte Ausübungstag sei der 3. September diesen Jahres.[/b]

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

    [Blockierte Grafik: http://gfx.finanztreff.de/vwd_…l/kopfleiste/vwd_logo.jpg]


    http://www.vwd.de/vwd/news.htm?id=22429738


    01.04.2004


    - von vwd Korrespondent Andreas Kißler -


    Berlin (vwd) - Das Rennen um die Goldreserven der Deutschen Bundesbank scheint weiter offen. Das legen die jüngsten Statements und inoffiziellen Verlautbarungen der Politik in Berlin nahe. Haushaltsexperten sehen den Plan des Bundesbank-Präsidenten Ernst Welteke, aus dem Verkauf eines Teiles der Goldreserven eine Anlage für Investitionen in Forschung und Bildung zu speisen, zwar kritisch und befürchten einen Schattenhaushalt. In Bundeskanzler Gerhard Schröder hat Welteke aber einen wichtigen Fürsprecher zu Gunsten der Idee gefunden. Wie sich die SPD-Fraktion zu dem Thema stellt, ist nach Angaben ihres stellvertretenden Vorsitzenden Joachim Poß offen


    Poß sagte am Freitag zu vwd, die SPD-Bundestagsfraktion habe sich "zur Frage der Verwendung der Erlöse aus zukünftigen Goldbverkäufen der Deutschen Bundesbank noch keine abschließende Meinung gebildet". Die Frage der Finanzierung von Bildung und Forschung, die Welteke mit seinem Verwendungsvorschlag anspreche, stelle sich vorrangig und zunächst einmal im Rahmen der Aufstellung des Bundeshaushalts 2005 und der Finanzplanung bis 2008. "Erste Entscheidungen fallen hier allerdings erst nach der Steuerschätzung im Mai", unterstrich Poß. "Die Goldverkäufe selbst liegen in der alleinigen Verfügung und Verantwortung der Bundesbank," hob er hervor..


    Schröder hatte sich mehrfach positiv über den Plan ausgesprochen und erst in seiner Regierungserklärung zum weiteren Reformkurs am Donnerstag vergangener Woche ausdrücklich Weltekes Plan gelobt. Schröder hatte gesagt, er "begrüße ausdrücklich den Vorschlag von Bundesbankpräsident Welteke, einen Teil der Goldreserven zu verkaufen und für Bildung und Forschung einzusetzen". Ein Vorgehen nach dem Muster des Welteke-Plans könnte es der Regierung nach der Einschätzung von Beobachtern erleichtern, das von ihr gesetzte Ziel einer Erhöhung der Mittel für Forschung und Bildung zu erreichen, ohne neue Schulden aufzunehmen.


    Aus dem Umfeld Schröders hieß es hierzu, das Kanzleramt treibe den Plan alllerdings "nicht aktiv voran". Schröders Äußerung sei aber als Hinweis zu verstehen gewesen, dass der Verstoß noch nicht "tot" sei, nachdem die schroffe Ablehnung, auf die der Gold-Plan zuvor im Haushaltsausschuss des Bundestages gestoßen sei, im Kanzleramt Verwunderung ausgelöst habe. Immerhin sei es eine gute Idee, die Gelder für diese Zwecke einzusetzen, als möglicherweise gar keine Mittel aus einem Goldverkauf zur Verfügung zu haben.


    Welteke hatte erst am Tag vor der Rede Schröders deutlich gemacht, dass ein Verkauf nicht zwingend erfolgen wird. Der Vorstandsbeschluss der Bundesbank sehe nicht vor, "wir verkaufen jetzt Gold", vielmehr habe die Bundesbank die Option, innerhalb von fünf Jahren 600 t Gold zu verkaufen, "aber Option ist Option", hatte Welteke gesagt. Beobachter hatten dies als klaren Hinweis darauf gewertet, dass sich die Bundesbank weiterhin vehement gegen die Verwendung möglicher Golderlöse zur Schuldentilgung stellen will und auch einen Verzicht auf Veräußerungen in Erwägung zieht.


    Der haushaltspolitische Sprecher der CDU/CSU-Fraktion, Dietrich Austermann, deutete an, dass ein Verzicht auf Goldverkäufe aber durchaus im Sinne der Unions-Fraktion sein könnte. "Zunächst fehlt ein Kassensturz, solange der nicht gemacht ist, dürfen die Erlöse auch nicht für kurzfristige Ziele eingesetzt werden", sagte Austermann zu vwd. Der CDU-Haushaltspolitiker Steffen Kampeter warnte zudem, die bereits jetzt mit dem Vorschlag eingetretene Politisierung der Bundesbank-Arbeit untergrabe deren Autorität.


    Austermann sagte, das Thema sei aus Sicht der Union erst einmal "ad acta gelegt". Der Vorschlag sei nichts anderes als ein "Testballon" gewesen, um mit den Geldern aufgrund des deutlich eingebrochenen Bundesbank-Gewinns entstandene Haushaltslöcher zu stopfen. Mittelfristig könne man über einen solchen Vorschlag allerdings reden, der dann jedoch die üblichen parlamentarischen Wege gehen und der gebotenen politischen Verfügung unterliegen müsse. Auch eine Schuldentilgung durch die Erlöse aus Goldverkäufen komme dann in Frage, sagte Austermann.


    Genau hierfür hatte sich Ende vergangener Woche auch bereits der Präsident des Deutschen Instituts für Wirtschaftsforschung (DIW), Klaus F. Zimmermann, ausgesprochen. Generell seien Goldverkäufe zu begrüßen, da nur nur ein Teil der momentan vorgehaltenen Reserven benötigt werde, er würde die Mittel "wegen der langfristigen Wirkung aber eher für den Schuldenabau verwenden", hatte Zimmermann gesagt.


    Dem gegenüber kritisierte der Chefvolkswirt des Instituts für Weltwirtschaft an der Universität Kiel (IfW), Joachim Scheide, dass im Moment überhaupt solch eine Diskussion geführt wird. "Die Goldreserven brauchen wir mit Sicherheit nicht in der Höhe, wie wir sie haben, und mittelfristig muss man darüber nachdenken, dass man sie abbaut", sagte Scheide zu vwd. Dies aber jetzt mit dem Bundeshaushalt in Verbindung zu bringen, sei gefährlich. Erfolge daraus Schuldentilgung oder eine Finanzierung von Staatsausgaben, müsse sich der Staat nicht mehr so stark anstrengen, um zu sparen.


    "Das wäre das falsche Signal an die Politik", warnte der Leiter der IfW-Konjunkturabteilung. Erst wenn ein ausgeglichener Haushalt erreicht sei, solle Gold verkauft und aus dem Erlös zum Beispiel Bildung und Forschung unterstützt werden, schlug Scheide vor. Im Moment aber müsse man etwas für die Zukunftsausgaben tun, indem man endlich andere Ausgaben des Staates streiche, forderte er.

    vwd/1.4.2004/ak/apo

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

    Die Gold, und vor allem die Silber Bugs sind die Gewinner des Tages!


    UNGLAUBLICH !!!


    Gold durchstiess das alte Hoch vom Januar wie Butter, bis der Goldpreis Anstieg wohl einigen Gold Cabal Mitgliedern etwas unheimlich wurde, und wieder nach unten korrigiert wurde.


    Einfach toll wie schnell wir die 8.- Dollar Preis Hürde erreicht haben.


    Der User "Lord Excalibur" hat zudem zusätzlich einen schönen Batzen Silber Eagles einheimsen können. Gratullation! Auch an alle anderen, die an die Zukunft von Gold und Silber geglaubt, und hoffentlich immer noch glauben, meinen herzlichen Glückwunsch.


    Dass mir jetzt nur nicht einer auf die Idee kommen sollte, wir hätten unser Ziel, und den Preiszenit schon erreicht, und auf den Verkaufsknopf drücken will.


    Das wäre viiiiiiiiiiiiiiiel zu früh!!!


    Es geht schon sehr bald weiter nach oben!

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

    Der 1. April 2004 wird in die Geschichte eingehen!


    [Blockierte Grafik: http://www.buba.de/images/buba_logo89x46.gif]


    http://www.buba.de/


    Soeben erfahre ich, dass die Deutsche Bundesbank begonnen hat die restlichen, überzähligen Gold 1.- DM Gold Münzen für den Symbolischen Betrag von NUR 1.- DM zu verkaufen!!!


    Die ersten 1000 Besteller die die Telefon Nummer +49 69 9566 - 3511, oder 3512 anrufen erhalten eine Code Nummer zugeteilt mit der sie bei jeder Bundes Bank Filiale diese bei Sammlern so beliebte Gold Münze für eine alte DM erhalten können.


    Bitte beeilt Euch


    Gruss


    ThaiGuru

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

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


    CARTEL CAPITULATION WATCH


    The US economic and world news was VERY stock market bearish, VERY dollar bearish, and VERY gold bullish.


    First things first:


    "Labor Dept says Feb PPI will be released tomorrow, 4/1 at 8:30 ET
    The release date for the March report, originally scheduled for 4/8, has yet to be determined."


    Oil prices dipped today, but not for long:


    March 31 (Bloomberg) -- The Organization of Petroleum Exporting Countries agreed to reduce oil production quotas starting tomorrow by 4.1 percent, threatening to send U.S. gasoline prices higher and impede world economic growth.
    Oil in New York this year has rallied 12 percent as demand from China and the U.S. rose and OPEC planned to reduce supplies. The advance sent U.S. gasoline pump prices last week to a record $1.758 a gallon, increasing pressure on President George W. Bush to bring down energy costs seven months before an election.


    -END-


    Very disappointing:


    Chicago Business Index Fell to 57.6 in March vs 63.6


    March 31 (Bloomberg) -- An index of Chicago-area business in March fell by the most in three years as hiring plans and production weakened, a survey of purchasing managers showed.


    The National Association of Purchasing Management-Chicago said its gauge dropped more than expected to 57.6 from 63.6 in February, the second decrease in a row. The decline was the biggest since 6.2 points in March 2001. The gauge has exceeded 50, indicating expansion, since May.


    ''The upsurge in manufacturing activity that's occurred over the last several months is continuing, but at a slower pace,'' said Kevin Logan, a senior market economist at Dresdner Kleinwort Wasserstein in New York, before the report. ''The economy got hit with a real burst of demand in the third quarter of last year from tax cuts and business spending.''


    Factories may be catching up with the demand to replenish inventories sparked by the economy's rebound, he said. At the same time, orders for goods made to last at least three years have climbed four of the past six months. Companies such as Emerson Electric Co. say bookings continue to rise, spurring increased production.


    Economists and investors watch the Chicago report for clues about the strength of U.S. manufacturing. The index was forecast to fall to 61, based on the median of 58 estimates in a Bloomberg News survey of economists. The index fell below 60 for the first time since October….


    The purchasing managers' production index declined for a second straight month to 59.1 from 73 last month. The new orders index dropped this month to 60.4 from 67.5.


    The prices-paid index jumped to 75.7 from 66.9 in February. The index of order backlogs increased to 55.9 from 54.5.


    The inventories index climbed to 54.3 from 46.5 in February…


    -END-


    But, there is no inflation!


    More disappointment:



    Factory Orders Rise 0.3 Pct. in February
    Wednesday March 31, 10:00 am ET


    WASHINGTON (Reuters) - New orders at U.S. factories rose slightly in February, the government said on Wednesday, although demand rebounded by less than expected and the previous month's decline was even larger than first reported.


    The Commerce Department said factory orders advanced 0.3 percent last month after falling a revised 0.9 percent in January. Wall Street had expected a 1.5 percent gain. –END-


    The dollar slumped on the poor US economic news, falling .83 to 87.98. The euro gained 1.31 to 122.81, while the yen made a new high for the move to 104.34 as it easily blew through 105.


    What a nightmare Iraq is:


    March 31 (Bloomberg) -- Bombings today in Iraq left five U.S. soldiers dead and three British soldiers injured, military spokeswomen said. In Fallujah, west of Baghdad, one American was among as many as six foreigners who were killed and their bodies mutilated by an angry crowd, the Associated Press said.
    The U.S. soldiers were attacked as they rode in a military vehicle in Al-Anbar province, west of the capital, Baghdad, a U.S. military spokeswoman said by telephone from Baghdad. The U.K. soldiers were hurt southwest of the city of Basra, in the south, a spokeswoman for the Ministry of Defence said in a telephone interview in London. Details on the attacks weren't available, said the spokeswomen, who declined to be identified. –END-


    But, there is no inflation:


    New York City announces intent to raise base cab fares by 25% to $2.50


    "Under the new guidelines, the base fare will rise to $2.50 from $2, with an added $1 surcharge to be applied during the evening rush between 16:00 and 20:00 ET. The cost of a one-way fare between Manhattan and Kennedy Airport will increase to $45 from $35. NYC Commission Chairman Matthew Daus said "Everyone's not going to be happy about this, but we believe we have a job to do, whether people are happy or not." It is the first taxi rate increase since 1996, according to Daus."


    But, there is no inflation:


    SINGAPORE, March 31 (Reuters) - U.S. unleaded gasoline futures hit a new all-time high on Wednesday after reports of explosions and a fire at a large BP Plc refinery in the United States.
    Front-month April gasoline on the New York Mercantile Exchange charged to a record at $1.1768 a gallon, surpassing a May 2001 record at $1.1750. –END-


    But, there is no inflation:


    "milk prices have risen 40% in 60 days"..CNBC – EOM


    But, there is no inflation:


    Just got back from Boca Leather Gallery to check on some new furniture we ordered. Big sign on the show room floor reads: Effective today we have to raise our prices 9% due to cost increases in lumber and leather.
    Brad


    No inflation in France either:


    Hi Bill,
    I recently sold my south Orange County, CA, home and hopped the pond to a nifty old chateau in the south of France. Part of my culture shock indoctrination was
    the fuel costs that the French take for granted.


    Your 3/30 Midas discussion has an Associated Press story titled: Fuel Prices Hitting Farmers Hard. "The nationwide gas price average over in the past two
    weeks is $1.80 for all grades, according to the Lundberg survey, which regularly surveys 8,000 stations nationwide. That is a new record high."


    I sat down and did some cipherin' to come up with the reality that probably awaits the US motorists, truckers and farmers:


    One litre of premium unleaded (sans plomb) in the French countryside (I haven't checked out the city prices) goes for Euro 1.10, which equates to, using the Kitco current spot dollar prices, US $5.114 per gallon. Diesel goes for US $4.165 per gallon.


    I don't know how much longer the Lords of the Universe can keep the peak oil reality from the US citizens, but from where I sit a buck eighty per gallon looks
    pretty damned cheap.


    My guess is that no matter which of the plutocrat twins Bush/Kerry prevail in November, shortly thereafter the thieves in the Houston oil patch will be unshackled and set forth to suck the last of the wealth from the American people. Heads up. You're going to need a sack of gold to top off the old Suburban.


    I see a small, 4 cyl., manual transmission, highly efficient European diesel in my immediate future.


    Au revoir.
    DD


    Despite the negative news of all kinds the DOW only fell 24 to 10,357, while the DOG only sank 6 to 1994.


    GATA’s Mike Bolser:


    Hi Bill:
    The Fed added $8.5 Billion in temporary repurchase agreements, an action that pushed the repo pool up to $36.08 Billion and also kept its 30-day moving average turning upward in a gratifying manner.


    A reliable source has informed me that my Labor Day DOW 11,750 prediction is exactly correct according to persons in the know. That's all I can say at the moment but regardless the trading pattern of the DOW, coupled with the Fed controlled repo issuance pattern tells a conclusive story that the Fed wants the DOW to break its old high in time for the election. Don't fight the Fed...unless it concerns precious metals which the government can't "print" into existence.


    LBMA gold & silver volume held hostage--Day 17


    Starting with the 15th of march we have seen 17 days pass with no LBMA
    silver or gold volumes reported. How bad can the numbers be? Are preparations under way for a ban on all precious metals sales in the West? It's anyone's guess as we still see no response from the LBMA. The time for action on physical metal is right now.


    Energy stress


    Natural gas continues to be at risk as we move into the temperate season with a weak storage report. Moreover, with gasoline very high Senator Kerry has called for the President to cease purchasing crude oil for the Strategic Petroleum Reserve (SPR). Kerry knows perfectly well that those purchases were precipitated by required deliveries on past derivatives contracts that were sold short long ago. The president is just taking an action that Kerry himself would have taken but it's the political season so all's fair.


    Indeed, the Bank for International Settlements records $458 Billion in the category that holds crude oil. As I've mentioned here before, the Chinese are building their own SPR and thus contributing to the oil price rise which ought to stay above $33 as a new floor and possibly head for $40 by the end of the year (after the election).
    Mike


    Chuck checks in:


    It's hard to figure out what the market is saying about the major golds here. In quick succession, we have had the Goldfields stake, the merger between IAM gold and Wheaton, the rumor of Newmont and Barrick. And all of these plus Harmony continue to perform sleepily while some of the smaller producers are coming to life. Obviously, there is something afoot. I would expect as gold rises here, we will begin to see the anticipated pacman effects. I hope the small ones don't fall for the lure of a quick profit. Chuck


    On the $6 rule and the breaking of rules:


    Does it seem lately silver rallies are getting capped at about a 12 cent move? Funny how that is EXACTLY equal value on a COMEX contract to the $6 gold collar. If that isn't suspicious isn't it also curious the late day gold/silver stock selloffs usually bring them back to about 1- 2 % gains if not losses? Same percentages across the board basically. Those would be some interesting chart overlays for Spitzer. The crooks will get smashed when this is said and done. They might not get punished, but the rigging will end badly for them.
    James McShirley


    Setting off the interest rate derivatives neutron bomb?


    Bill;
    A while back I related a true story to you about an old client of mine. He was a former interest rate swap trader at a large bullion bank who had joined a new employer (bank) to trade bonds. I related a conversation we had one night at dinner about how he had done an analysis of the 'new employer's' swap book - that a sharp adverse movement up in interest rates effectively "blew the bank up". I just finished reading Dave Lewis' piece - When the gound gives way under your feet. Since I love connecting dots, I'm going to suggest that the true reason for the Feds not coming clean on PPI is exactly that - it would create a sharp adverse movement up in short term rates that would no doubt jeopordize the integrity of the financial system (through derivatives). I think that's it in a nutshell - we have after all been warned by Greenspan and Co. of the systemic risk posed by Fannie Mae and Freddie Mac's derivatives exposure. In my mind this is just another in a long list of deceptions - the real worry is JP Morgan's 37 trillion derivatives book (Greenspan's pet). His pet has turned into a one eyed monster that will undoubtedly consume him. No bloody wonder he has a little bit of heartburn.
    best
    Rob


    I think they are listening to you Rob :


    Famous last words:


    http://www.Forbes.com


    J.P. Morgan Exec Dismisses Derivatives Worries
    Tara Murphy, 03.31.04, 1:00 PM ET


    NEW YORK - Making heading this afternoon, J.P. Morgan Chase investment banking Chairman David Coulter is dismissing concern about concentration in the derivatives markets.


    In a speech to the International Swaps and Derivatives Association, Coulter said that J.P. Morgan's (nyse: JPM - news - people ) role in the $170 trillion over-the-counter derivatives markets is exaggerated. He also said the exit of one dealer from the market could be handled by others, who would pick up more business. Critics say market concentration increases the damage that could be created by disruptions at one institution. –END-


    I would like to thank The Toronto Stock Exchange for halting ECU silver, my fourth largest share holding, over some Mickey Mouse reporting violations. The two week plus halt may be unprecedented for something so minor. Silver has rallied close to $1 since ECU was halted. Prior to the halt, the price had rocketed almost straight up. Such a move must has attracted a good number of short sellers who have been trapped ever since ECU stopped trading. By the time ECU starts trading again on Friday or Monday (just a guess), silver is likely to be over $8 and headed for $10. The shorts will have to scramble to get out.


    Three chears for one of my share holdings, mega-GATA supporter Seabridge Gold:
    AMEX Approves Listing Application for Seabridge Gold
    Wednesday March 31, 4:31 pm ET


    TORONTO, ONTARIO--(CCNMatthews - Mar 31, 2004) - Seabridge Gold reported today that it has been advised by the American Stock Exchange that its application for listing of its common shares has been approved. This approval is contingent upon the Company being in compliance with all applicable listing standards on the date it begins trading on the Exchange, and may be rescinded if the Company is not in compliance with such standards. Following selection of a specialist and other final arrangements, Seabridge Gold's common shares will trade on the American Stock Exchange under the symbol SA. A date for the commencement of trading has not yet been set.


    Seabridge Gold's common shares will also continue to trade on the TSX Venture Exchange under its current symbol, SEA. -END-



    The action in the gold and silver shares is mind-bogglingly dreadful. I have no clue what is going on? End of the month squaring? Gold Cartel pounding the shares to dampen gold/silver excitement because they are having so much trouble controlling the gold and silver physical market? You got me!


    The good news is the selling is giving many new Café members to jump into the gold/silver share fray at attractive entry levels. There is no way these shares are not going to soar in the months and years to come.


    The HUI could only manage a pitiful 1.32 gain to 235.89. The XAU was even worse, plodding to a .38 gain to 104.95. That was the bad news. The good news was one of the leaders of the day was Golden Star Resources which jumped 37 cents (5.46%) to $7.15. Another was SAMEX which soared 18 ½ cents (almost 22%) to $1.04.


    The gold and silver shares remain THE historic investment opportunity of a lifetime.


    GATA BE IN IT TO WIN IT!