Beiträge von ThaiGuru

Atlas Mining bereitet heute wiederum viel Freude

http://ichart.yahoo.com/b?s=ALMI.OB

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http://www.usagold.com

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Coming soon. . .
One of the Worst
Bear Markets in History

Richard Russell says key indicators show Dow about to plummet,

Gold will go over $1000 . . .

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An den beiden letzten Beiträgen zum Thema Deutsche Bundes Bank, kann man unschwer erkennen wie unsere (freie?) Presse ferngesteuert wird.

Sowohl die Süddeutsche Zeitung, als auch der Stern, verwenden die selbe Quell-Nachricht der deutschen Depeschen Agentur *DPA* Zwei, drei eigene Sätze rein, um der Nachricht einen Hauch von Individualität zu verpassen, und ab zum Druck, oder ins Netz.

Bin mir sicher, diese Quell Nachricht wurde schon in dutzenden von deutschen Zeitungen veröffentlicht, und wird morgen vermutlich nochmals in dutzenden von Zeitungen stehen.

Dadurch wird der Inhalt aber auch nicht wahrer!

Vor allem sind keine 3440 Tonnen physisches Gold mehr bei der Bundes Bank vorhanden!

Gruss

ThaiGuru

[Blockierte Grafik: http://img.stern.de/img/logo_stern_de.gif]

http://www.stern.de/wirtschaft…id=521826&nv=cp_L1_aa

Goldesel

Bundesbank-Gewinn weckt Begehrlichkeiten

Wer an die Bundesbank denkt, sieht prall gefüllte Tresore mit glänzenden Goldbarren und Maschinen zum unbegrenzten Drucken von Geldscheinen vor sich. Kein Wunder, dass die Bundesbank als Goldesel des Staates gilt. "Staatsaufgaben wurden schon seit dem Mittelalter durch das Prägen von Münzen finanziert", sagt Volkswirt Prof. Wolfgang Gebauer von der Universität Frankfurt. "Auch heute stehen die Gewinne der Bundesbank dem Staatshaushalt zu." Zwei Jahrzehnte lang polsterte die nationale Zentralbank mit Überschüssen den Bundeshaushalt. 1976 bis 1979 hatte sie wegen der Dollarschwäche letztmals Verluste verbucht - seitdem fließt der Nettogewinn in voller Höhe an den Bund. Der Rekord lag 1997 bei 24,2 Milliarden DM.

[Blockierte Grafik: http://img.stern.de/_content/5…Goldbarren250_dpa_250.jpg]© Deutsche Bundesbank / DPA Goldbarren in einem Regal der Deutschen Bundesbank in Frankfurt

2003 nur ein mageres Plus

Wenn die Bundesbank an diesem Mittwoch die Bilanz für 2003 vorlegt, wird unter dem Strich aber nur ein mageres Plus von unter einer Milliarde Euro stehen. Das könnte ein neues Loch in den Haushalt von Bundesfinanzminister Hans Eichel reißen, der - traditionell - 3,5 Milliarden Euro in seinem Budget eingeplant hat. Mit dem Rest des Gewinns wurden bislang Schulden zurückgezahlt.

Hat die Bundesbank im vergangenen Jahr also schlecht gearbeitet? "Die Tätigkeit der Bundesbank hat mit unternehmerischer Philosophie nichts zu tun", sagt Analyst Michael Schubert von der Commerzbank. "Das Ziel ist nicht wie bei einer Geschäftsbank die Gewinnmaximierung. Das Ziel der Europäischen Zentralbank genauso wie der Bundesbank ist Preisstabilität." Volkswirtschaftlich entscheidend sei, dass die Europäische Zentralbank (EZB) und die 12 Nationalbanken der Euro-Länder 2003 mit ihrer Geldpolitik die Inflationserwartung niedrig gehalten hätten. "Mit einer Teuerungsrate von 2,0 Prozent wurde diese gesetzliche Aufgabe erfüllt."

Gewinn machen ist nicht Hauptziel

Ökonomen sehen den Gewinn nur als ein Nebenprodukt der Notwendigkeit an, die Wirtschaft mit Geld zu versorgen. Bundesbankpräsident Ernst Welteke ging vor einem Jahr noch weiter. Als der Gewinn 2002 auf 5,4 Milliarden Euro gesunken war, wertete er dies als Erfolg: "Bei niedrigen Inflationsraten sind Zinsen niedrig, dann sind die Erträge der Notenbank niedrig. Das ist Ausdruck einer erfolgreichen Notenbankpolitik", sagte Welteke - zumal der Gewinn der Bundesbank von externen Faktoren abhängt, auf die die Hüterin der Währung gar keinen Einfluss nehmen kann.

Ein wesentlicher Quell der Einnahmen ist das Management der Devisen-Reserven. "Rund 32 Milliarden Euro sind vornehmlich in US-Papieren angelegt", sagt ein Bundesbank-Sprecher. "Weil auch in den USA die Zinsen niedrig sind und der Dollar schwach war, sind die Anlagen in Euro bilanziert weniger wert als im Vorjahr." 2002 waren es rund zwei Milliarden Euro Zinserträge.

Gelddrucken bringt nur indirekt Gewinn

Zweite Einnahmequelle ist die Refinanzierung der rund 2.600 Banken in Deutschland. Um ihr Geschäft betreiben zu könne, sind sie auf Notenbankgeld angewiesen. Für die Ausgabe von Münzen und Scheinen nehmen die Kreditinstitute in der Frankfurter Zentralbank Kredite auf. Bei niedrigeren Zinsen und einem geringeren Volumen sind die Gewinne der Bundesbank im Vorjahr zurückgegangen (2002 rund 3,46 Milliarden Euro). Der Traum aller Geldfälscher - das Gelddrucken - bringt der Bundesbank also nur indirekt Gewinn. Die Geldmenge kann sie nur in Interaktion mit einem Kunden - den Banken - vermehren.

Weil der Gewinn 2003 die Finanzpolitiker enttäuschte, richten sich nun die politischen Begehrlichkeiten auf Erlöse aus den möglichen Goldverkäufen der Bundesbank. Der gesamte Goldbestand von 3.440 Tonnen erzielt keine Erträge, würde aber rund 28 Milliarden Euro Gewinn abwerfen. Viele Ökonomen halten einen Verkauf für problematisch. "Das Gold erreicht die Psychologie des Otto-Nomalverbrauchers", sagt Prof. Gebauer. "Wenn der Eindruck entsteht, dass die Bundesbank politischen Druck nachgibt, um Finanzprobleme des Bundes zu lösen, wäre das fatal für das Vertrauen in die Geldwertstabilität."

Marion Trimborn, dpa

Meldung vom 23. März 2004

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http://www.sueddeutsche.de/wirtschaft/artikel/7/28978/

23.03.2004

Deutsche Bundesbank

Goldesel des Staates?

Gar zu gerne würde die Regierung auf die Goldreserven der Deutschen Bundesbank zurückgreifen, um Haushaltslöcher zu stopfen. Doch zum einen würde das nur kurzfristig Linderung bringen. Und zum anderen das Vertrauen der Wirtschaft in die Bank untergraben.

[Blockierte Grafik: http://www.sueddeutsche.de/wir…78/image_fmabspic_0_0.jpg]"Am Golde hängt, zum Golde drängt doch alles." Vor allem Politiker in Zeiten mauer Kassen. Foto: dpa

Wer an die Bundesbank denkt, sieht prall gefüllte Tresore mit glänzenden Goldbarren und Maschinen zum unbegrenzten Drucken von Geldscheinen vor sich. Kein Wunder, dass die Bundesbank als Goldesel des Staates gilt. "Staatsaufgaben wurden schon seit dem Mittelalter durch das Prägen von Münzen finanziert", sagt Volkswirt Prof. Wolfgang Gebauer von der Universität Frankfurt. "Auch heute stehen die Gewinne der Bundesbank dem Staatshaushalt zu."

Zwei Jahrzehnte Überschüsse

Zwei Jahrzehnte lang polsterte die nationale Zentralbank mit Überschüssen den Bundeshaushalt. 1976 bis 1979 hatte sie wegen der Dollarschwäche letztmals Verluste verbucht — seitdem fließt der Nettogewinn in voller Höhe an den Bund. Der Rekord lag 1997 bei 24,2 Milliarden DM.

» Das Ziel der Bundesbank ist Preisstabilität. «

Wenn die Bundesbank an diesem Mittwoch die Bilanz für 2003 vorlegt, wird unter dem Strich aber nur ein mageres Plus von unter einer Milliarde Euro stehen. Das könnte ein neues Loch in den Haushalt von Bundesfinanzminister Hans Eichel (SPD) reißen, der - traditionell - 3,5 Milliarden Euro in seinem Budget eingeplant hat. Mit dem Rest des Gewinns wurden bislang Schulden zurückgezahlt.

Gewinnmaximierung nicht das Ziel der Bundesbank

Hat die Bundesbank im vergangenen Jahr also schlecht gearbeitet? "Die Tätigkeit der Bundesbank hat mit unternehmerischer Philosophie nichts zu tun", sagt Analyst Michael Schubert von der Commerzbank. "Das Ziel ist nicht wie bei einer Geschäftsbank die Gewinnmaximierung. Das Ziel der Europäischen Zentralbank genauso wie der Bundesbank ist Preisstabilität."

[Blockierte Grafik: http://www.sueddeutsche.de/wir…78/image_fmabspic_0_2.jpg]Der Präsident der Bundesbank, Ernst Welteke, ist nicht für den Haushalt der Regierung verantwortlich. Muss auch mal gesagt werden. Foto: AP

Volkswirtschaftlich entscheidend sei, dass die Europäische Zentralbank (EZB) und die 12 Nationalbanken der Euro-Länder 2003 mit ihrer Geldpolitik die Inflationserwartung niedrig gehalten hätten. "Mit einer Teuerungsrate von 2,0 Prozent wurde diese gesetzliche Aufgabe erfüllt."

Ziel: Preisstabilität

Ökonomen sehen den Gewinn nur als ein Nebenprodukt der Notwendigkeit an, die Wirtschaft mit Geld zu versorgen. Bundesbankpräsident Ernst Welteke ging vor einem Jahr noch weiter. Als der Gewinn 2002 auf 5,4 Milliarden Euro gesunken war, wertete er dies als Erfolg: "Bei niedrigen Inflationsraten sind Zinsen niedrig, dann sind die Erträge der Notenbank niedrig. Das ist Ausdruck einer erfolgreichen Notenbankpolitik", sagte Welteke — zumal der Gewinn der Bundesbank von externen Faktoren abhängt, auf die die Hüterin der Währung gar keinen Einfluss nehmen kann.

Zwei Haupteinnahmequellen

Ein wesentlicher Quell der Einnahmen ist das Management der Devisen-Reserven. "Rund 32 Milliarden Euro sind vornehmlich in US-Papieren angelegt", sagt ein Bundesbank-Sprecher. "Weil auch in den USA die Zinsen niedrig sind und der Dollar schwach war, sind die Anlagen in Euro bilanziert weniger wert als im Vorjahr." 2002 waren es rund zwei Milliarden Euro Zinserträge.

Zweite Einnahmequelle ist die Refinanzierung der rund 2600 Banken in Deutschland. Um ihr Geschäft betreiben zu könne, sind sie auf Notenbankgeld angewiesen. Für die Ausgabe von Münzen und Scheinen nehmen die Kreditinstitute in der Frankfurter Zentralbank Kredite auf.

Bei niedrigeren Zinsen und einem geringeren Volumen sind die Gewinne der Bundesbank im Vorjahr zurückgegangen (2002 rund 3,46 Milliarden Euro). Der Traum aller Geldfälscher - das Gelddrucken - bringt der Bundesbank also nur indirekt Gewinn. Die Geldmenge kann sie nur in Interaktion mit einem Kunden - den Banken - vermehren.

Begehrliche Blicke aufs Gold

Weil der Gewinn 2003 die Finanzpolitiker enttäuschte, richten sich nun die politischen Begehrlichkeiten auf Erlöse aus den möglichen Goldverkäufen der Bundesbank. Der gesamte Goldbestand von 3440 Tonnen erzielt keine Erträge, würde aber rund 28 Milliarden Euro Gewinn abwerfen.

Viele Ökonomen halten einen Verkauf für problematisch. "Das Gold erreicht die Psychologie des Otto-Nomalverbrauchers", sagt Prof. Gebauer. "Wenn der Eindruck entsteht, dass die Bundesbank politischen Druck nachgibt, um Finanzprobleme des Bundes zu lösen, wäre das fatal für das Vertrauen in die Geldwertstabilität."

(sueddeutsche.de/dpa)

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http://portale.web.de/Finanzen/Boersennews/?msg_id=4543366

Di, 23.03.04, aktualisiert: 21:03

PEFORMAXX-ANLEGERBRIEF-KOLUMNE:

Gold Reserve in Topbildung?

MÜNCHEN - Topbildung oder nur Korrektur? - diese Frage stellt sich bei der Betrachtung des Goldpreises. Mit Gold Reserve stellt der Performaxx-Anlegerbrief eine weitere Minengesellschaft in den Bund der vom Goldpreis abhängigen Kurse in seiner aktuellen Ausgabe vor.

KAUFANREIZE IN DER ÜBERZAHL

Ein kurzer Blick zurück in der Geschichte von Gold Reserve zeigt die jetzt noch mit entscheidende Entwicklung. Anfang der 90er Jahre praktisch aus dem Nichts kommend entwickelte sich ein Aufwärtsimpuls, der ein paar Jahre später das bisherige Allzeithoch bei 17,50 US-$ ausbildete. Dieses Hoch wurde nach einer mehrjährigen Konsolidierung erneut angetestet - stoppte jedoch bereits an der Marke von 16 US-$. Mit Bruch der sich in den Jahren zuvor etablierten, leicht ansteigenden Unterstützung bei rund 5 US-$ wurde die Doppeltopbildung bzw. obere Umkehrformation gegen Ende der 90er besiegelt. In der Folge setzte eine dynamische Abwärtsbewegung ein, die bis Anfang 2001 die Notierungen bis in den Pennystock-Bereich leitete. Erst im Bereich von 0,40 US-$ gelang die Trendwende, die zwei Jahre später mit Bruch der Marke von 2 US-$ die nachhaltige Bodenbildung vollendete und den Grundstein der letztjährigen Hochs um das Niveau von 6 US-$ legte. Diese lokalen Hochpunkte reichten nicht nur rein zufällig bis an die Marke von 6 US-$, sondern berührten damit gleichzeitig die Mitte der 90er Jahre zurück gelassene Unterstützung (damals bei 5 US-$), die sich über den Lauf der Jahre durch die leichte Steigung bis auf das Niveau von 6 US-$ vorgearbeitet hatte. An diesem markanten Kurslevel angelangt, stellte sich der historische Widerstand als zu massiv heraus und begünstigte damit direkt die Ende letzten Jahres erlebte Topbildung in Form einer Schulter-Kopf-Schulter-Formation (S-K-S). Der Bruch deren Nackenlinie bei 4,30 US-$, setzte weiteren Verkaufsdruck frei, der die Aktien bis an die aufstrebende 200-Tage-Linie bei 3,30 US-$ korrigieren ließ. Hier angekommen formierte sich eine kleine, potenzielle Bodenbildung, die mit dem letztwöchigen Bruch des Abwärtstrends ein erstes Einstiegssignal gesetzt hat. Sollte sich dieses kurzfristige Kaufsignal in den kommenden Handelstagen bestätigen, sind Kurssteigerungen bis an die zuvor gebrochene Nackenlinie bei nun ca. 4,60 US-$ zu erwarten. Gelingt der Rebreak der Nackenlinie, dürfte der Test der letztjährigen Hochs samt langfristigen Widerstand bei rund nun 6,10 US-$ folgen. Im übergeordneten Chartbild stehen die Chancen für neue Hochs nicht schlecht, zumal u.a. durch das "Measured Move-Prinzip" (eine in der prozentualen Länge ideale Kursbewegung der beiden Aufwärtsbewegungen A und B) durchaus noch mittelfristiges Potenzial bis an den langfristigen Abwärtstrend vorherrscht. Auch ist der langfristige Aufwärtstrend, momentan unangetastet bei ca. 3 US-$, ist vollends intakt und konnte selbst bei nochmals fallenden Kursen unter das Niveau der derzeitigen Bodenbildung weitest gehend eine solide Unterstützung bieten. Zusammenfassend steht insgesamt die kurzfristige S-K-S-Formation samt der historischen Barriere bei 6,10 US-$ gegen die Unterstützungen des langfristigen Aufwärtstrends und der kurzfristigen Bodenbildung. Mit dem erst kürzlich erfolgten Kaufsignal rückt jedoch ein mittelfristiger Anstieg durch das mögliche Measured-Move-Potenzial in greifbare Nähe.

STRATEGIE

Alles in Allem sprechen die charttechnischen Indizien für einen weiteren Anstieg, sofern die aktuelle Bodenbildung nicht mit Kursen unterhalb der Marke von 3,30 US-$ "entwertet" wird. Allein Intensität und Fristigkeit des bevor stehenden Kursanstiegs sind bis dato schwer abschätzbar und werden sich erst am Verlauf an der nächsten Hürde von 4,60 US-$ zeigen Käufe können bereits jetzt durch das in den letzten Handelstagen erfolgte Signal im spekulativen Umfang erfolgen. Um das Risiko eines Fehlsignals zu minimieren, sollte das Stop-Loss-Limit mit Einstieg an der Kursmarke von 3,50 US-$ festgemacht und mit stetig steigenden Notierungen nachgezogen werden.

Für die Inhalte der Kolumne ist alleine die Redaktion des Performaxx-Anlegerbriefs verantwortlich. Der Performaxx-Anlegerbrief zählt mit einer Musterdepotperformance von über 435 % (seit 1.1.2001) zu Deutschlands erfolgreichsten Börsenbriefen. Weitere Informationen finden Sie unter http://www.performaxx-anlegerbrief.de. Die Kolumne erscheint jeden Dienstag in technischer Zusammenarbeit mit dpa-AFX.



© dpa - Meldung vom 23.03.2004 13:39 Uhr

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http://de.biz.yahoo.com/040319/71/3y3jj.html

Yahoo! Finanzen - Nachrichten

Reuters

Goldpreis hält sich auf hohem Niveau

Dienstag 23. März 2004, 17:34 Uhr

London, 23. Mär (Reuters) - Der Goldpreis hat sich am Dienstag auf seinem zum Wochenanfang erreichten hohen Niveau gehalten und weitere Gewinne sollten nach Ansicht von Händlern möglich sein. Zum Schluss des europäischen Handels notierte die Feinunze zwar rund einen Dollar pro Feinunze schwächer auf 416,00/416,75 Dollar, aber 420 Dollar sollten nach Händlereinschätzung erreichbar sein. Andere sprachen sogar davon, dass das Anfang Januar verzeichnete 15-Jahre-Hoch von 430,50 Dollar wieder in Reichweite kommen könnte. Das setzte aber eine weitere Abschwächung des Dollars voraus. Falls der Dollar nicht zurückgehe, dürfte der Feinunzenpreis auf 412 oder 413 Dollar absinken.
Bislang sei der Goldmarkt von einer kleinen Gruppe von Programmhändlern dominiert worden, sagte ein Händler. Nun scheine es so, dass auch Käufer in den Markt kommen, die auf der Suche nach sicheren Anlagen seien. Ein amerikanischer Händler sagte, auf die geopolitischen Risiken könnten inzwischen schätzungsweise bis zu 20 Dollar des Feinunzenpreises zurückgeführt werden.

Das zweite Londoner Fixing lautete auf 416,25 Dollar nach 415,20 Dollar am Morgen und 417,65 Dollar am Vortag. Der Kilopreis wurde von einer Schweizer Grossbank unverändert mit 16.730/16.980 sfr angegeben.

Silber war mit 7,54/7,56 (Vorabend 7,61/63) Dollar pro Feinunze wenig verändert.

Das spekulative Interesse erfasste auch Palladium , das auf 282,00/287,00 Dollar notierte. Hier war die Rede davon, dass weitere Käufe den Preis bis auf 300 Dollar treiben könnten, dann sei aber mit Gewinnmitnahmen zu rechnen.

ajs/och

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http://story.news.yahoo.com/ne…23/fin_fin/nickel_norilsk

Norilsk may sell more nickel in '04, eyes gold-bank

Tue Mar 23,11:00 AM ET

By Clare Black

LONDON, March 23 (Reuters) - Russia's Norilsk (GMKN.RTS) Nickel (GMKN.RTS) could release another 10-15,000 tonnes of nickel stocks into a tight market in 2004 and is en route to becoming a major gold producer, a leading Russian investment bank said on Tuesday.

Rob Edwards, director of mining and research at Renaissance Capital, said at a Russian mining seminar in London that the world's biggest nickel producer would potentially sell nickel into any signs of Asian consumer buying.

"We would expect to see (Norilsk sales) this year, the nickel market will demand it," he said.

Edwards said he believed the stocks were held within Norilsk and not in London Metal Exchange warehouses. Norilsk declined to comment.

Norilsk's nickel output data for 2003 has not yet been revealed. It has previously said it planned to lift output in 2003 to 238,000 tonnes from 218,00 the year before to meet rising world demand.

In 2002, Norilsk produced another 2,000 tonnes from raw materials supplied by third parties, while the other 218,000 was entirely sourced within.

The Russian metals giant increased sales of nickel in 2003 as Chinese demand rose, the company said last week. It sold 309,000 tonnes last year, including 65,000 of previously accumulated material, compared with 241,000 tonnes in 2002.

Nickel prices rose by over 40 percent in 2003 and hit 15-year highs of $17,720 a tonne in early January due to future supply shortages and speculative demand for commodities.

It has since dropped back below $14,000.

BIGGER GOLD PROFILE

Norilsk began to up its profile in gold last year, with the acquisition of Russia's biggest gold miner Polyus, followed by Lenzoloto and the newly acquired Matrosov mine.

Edwards said gold, which made up less than one percent of Norilsk's revenues in 2000, was set to account for 7.2 percent in 2004.

That was dwarfed by nickel's contribution, which he estimated at 56 percent of revenues in 2004, versus just over a third in 2000.

"It (gold) has been a great diversification instrument away from palladium," he said.

"If you want to do it in round numbers, Norilsk has spent half a billion dollars and created a company that is potentially worth between $2.5-3.0 billion in the space of six months."

The diversified miner was also expected to be one of the front-runners to develop Siberia's vast Sukhoi Log gold field, although timings for the tender or auction were still unclear.

Edwards said it was increasingly hard to see any auction or tender happening before the end of the year.

"Once the Russian government decides what it (sale process) is going to be, it will be at least another six months before we actually see the event," he said.

He said if the rights to develop the world's second biggest undeveloped gold deposit were sold off in a closed tender, Norilsk had the strongest case.

"But we could be heading for an open auction. If so, then I think our friends at Barrick will be getting their cheque books out," he said.

"It will be a head-to-head of the dominant gold players in Russia."

Barrick Gold Corp (Toronto:ABX.TO - news). is the world's number three gold producer.

The Russian government has yet to decide whether to allow foreign companies to bid for Sukhoi Log.

(Additional writing by Declan Conway in London)

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http://www.newsalert.com/bin/s…yTitle=Metals&Type=metals

March 23, 2004 12:15

Pacific Gold Corp. Announces Progress on its Plan Of Operations for the Nevada Project

TORONTO, Mar 23, 2004 /PRNewswire-FirstCall via COMTEX/ -- Pacific Gold Corp., (OTCBB: PCFG) announced today that its subsidiary, Nevada Rae Gold, Inc., has submitted additional information and requested Plan of Operation amendments to the Bureau of Land Management (BLM), and the Nevada State Division of Environmental Protection (NSDEP).

The BLM and NSDEP, in the process of reviewing the Company's Plan of Operations, has requested additional information on the Plan. The Company has responded to the request for additional information, and submitted an amended Plan of Operations. The BLM and NSDEP are in process of reviewing the amended Plan, and Nevada Rae Gold expects the process for approval will be completed within six to nine months.

Mr. Geisler, President Pacific Gold, stated "We are very pleased with the progress that has been made toward obtaining the Company's mining permits in Nevada. The approval process for mining production is expected to take six to nine months, including a number of comment rounds with the BLM and NSDEP. The purpose of the comment rounds is to add clarification, where required, to the Company's Plan of Operations, and is a natural part of the process for permitting a mine. The fact that we have already received questions and responded in a timely manner demonstrates that we are still very much on course to receiving approval to mine before the end of this year".

The Plan of Operations continues to be submitted on behalf of the Company by Chemrox Technologies, an environmental specialist firm providing professional services in due diligence, reserve confirmation, mine planning, forensic geochemistry, groundwater modeling, water restoration, environmental permitting and reclamation.

About the Company

The Company's business plan includes the acquisition and development of production-ready, or in-production mining operations, concentrating on gold recovery. The Company is interested in alluvial, or placer, operations located in western North America. Nevada Rae Gold, a subsidiary of Pacific Gold Corp., has acquired a gold project known as Crescent Valley, located in north-central Nevada, which contains a large alluvial deposit. Oregon Gold, a subsidiary of Pacific Gold Corp., owns a group of claims known as the Bear Bench, located in south-western Oregon.

Additional information is available at the Company's website at
http://www.pacificgoldcorp.com, or by calling 416-214-1483.

This news release includes forward-looking statements that reflect Pacific Gold Corp.'s current expectations about it future results, performance, prospects and opportunities. Pacific Gold Corp. has tried to identify these forward-looking statements by using words and phrases such as "may", "will", "expects", "anticipates", "believes", "intends", "estimates", "should", "typical", "we are confident" or similar expressions. These forward-looking statements are based on information currently available to Pacific Gold Corp. and are subject to a number of risks, uncertainties and other factors that could cause the Company's actual results, performance, prospects of opportunities in the remainder of 2004 and beyond, to differ materially from those expressed in, or implied by, these forward-looking statements.

SOURCE Pacific Gold Corp.

Additional information is available at the Company's website at
http://www.pacificgoldcorp.com, or by calling 416-214-1483
(PCFG)

Copyright (C) 2004 PR Newswire.

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http://www2.ccnmatthews.com/sc…pl?/current/0323093n.html

NEWS RELEASE TRANSMITTED BY CCNMatthews

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FOR: SEABRIDGE GOLD INC.

TSX VENTURE SYMBOL: SEA

MARCH 23, 2004 - 12:14 ET

Positive Drill Results from Seabridge Gold's Hog Ranch Project

TORONTO, CANADA--(CCNMatthews - Mar 23, 2004) - Romarco Minerals, Seabridge Gold's joint venture partner, today reported positive results from its Phase I 3-hole drill program at Hog Ranch in Washoe County, Nevada. The 725 meter program was designed to begin testing bonanza gold vein targets below and around the previously mined Geib Pit.

Hole HR 04-3 returned two 1.5 meter intercepts grading 28.7 grams
per tonne gold and 17.2 grams per tonne within a 21.3 meter
intercept averaging 5.23 grams per tonne commencing 61 meters
below surface.

Results from Phase I were as follows:

weiter....

http://www2.ccnmatthews.com/sc…pl?/current/0323093n.html

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http://www.iii.co.uk/shares/?t…id=4932188&action=article

Breaking news

2004-03-23 19:07 GMT:

Gold prices end higher for seventh session

SAN FRANCISCO (AFX) -- Gold futures logged a seven-session winning streak, with the April contract up $2.40 to close at $420 an ounce on the New York Mercantile Exchange. Prices have now climbed a total of $24.40 in seven sessions as geopolitical tensions abroad keep luring investors to the safety of the precious metal. May silver closed up by 1 percent and May copper turned higher to close with a 0.4 percent gain. This story was supplied by CBSMarketWatch. For further information see http://www.cbsmarketwatch.com .

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http://news.silverseek.com/TedButler/1080061125.php

Still Manipulated - Silver

By: Theodore Butler

Although silver had its highest monthly closing price in sixteen years, it’s still not that far above its average price for the last decade and a half. While I am sure that the regulators will be quick to jump on the price rise in silver as proof it is responding to the forces of supply and demand and is not being manipulated, that's hogwash. The CFTC and the COMEX would love to have you forget how silver was depressed for decades, in the face of a documented deficit. However, I think the educated silver investor will see through that argument.

Only one thing will tell you when silver is no longer manipulated. That’s the elimination of the excessive dealer short position on the COMEX. The manipulation began in 1982-83 with an excessive dealer short position, and the manipulation will only be pronounced dead when that short position in no longer excessive. What's excessive? Simple - a short position out of line with every other traded commodity; a short position greater than annual world production; a short position several times greater than known world inventories. If you compare silver’s short position, silver’s world production, and known world inventories with every other U.S. exchange-traded commodity, you'll see, clearly, that silver stands out like a sore thumb.

While a few commodities have short positions greater than total inventories, none share the dubious distinction of COMEX silver, which regularly sports a short position greater than world production and total world known inventories combined. This is truly an absurd condition, having a short position many times greater than all the known silver in the world and greater than all the silver that could be produced in an entire year. How can you be short more than what exists or can be produced? And if it's no big deal, as the regulators contend, why doesn't this bizarre condition exist in any other commodity?

Twenty years ago I was a commodity broker/analyst for Drexel, Burnham, Lambert looking for my next investment play. I had just completed (successful) plays in soybeans, orange juice and U.S. Treasury bonds, both on outright and spread positions, as well as conducting a straddle options writing program on the OEX. A client suggested I look at the fundamentals of silver, because he knew I liked to look under the hood. He claimed there was a deficit in silver and that it had peculiar price-inelastic production and consumption characteristics. The client gave the suggestion in the form of a challenge to explain silver's low price, in spite of the deficit, and no voluntary inventory dishoarding.

Even though I had traded silver over the years, I never really studied it, so I took the challenge. For almost a year, I pondered the conundrum of a commodity in a deficit with no sharp price increase. I read and reread everything it was possible to read on silver. At first, I thought it was strictly a perception problem, with investors just not seeing the facts. I went so far as to challenge the statistical reporting agencies, because I thought this might be the problem.

In scanning the Wall Street Journal's commodities page, it looked like silver wasn't out of line in terms of volume and open interest with other markets. Then, it jumped out at me. Rather than just look at the open interest in terms of the tens of thousands of contracts, I converted just what those contracts meant in terms of ounces of silver. I did the same with all the other commodities. When I converted the number of contracts into ounces, and pounds, and tons, and bushels, and barrels, a completely different picture emerged. All the commodities had a total long and short position well below world annual production. All except silver.

While silver's COMEX total short position was greater than world production, other commodities didn't come close. Crude oil had a short position of hundreds of thousands of contracts. When you converted those contracts into equivalent barrels of oil, the short position came to only 2% or 3% of world production. The COMEX gold short position did make up 30% to 50% of world production, but when you factored in known world gold inventories of billions of ounces, the short position was back in the 2% range. Only silver had a short position greater than inventories and production.

If a small group of traders sold massive amounts of any commodity short, like they’ve done with silver, the price of that item would be in the gutter. Imagine what would happen if a group of concentrated shorts got together to sell millions of grain contracts, or tens of millions of oil contracts. There would be extreme price dislocation. Yet this is precisely what has happened in COMEX silver.

The price of silver will stay manipulated as long as the COMEX short position stays at excessive levels. When the COMEX silver short position falls in line with the short vs. production ratio of all other commodities, the manipulation will be over. (If you're looking for a number. I'd guess when the futures open interest falls to 30 to 50 thousand contracts.)

We are at a critical juncture, and I don't think we'll stay near the $7 level for long. The dealer short community is under severe financial pressure, not just from silver, but a whole host of other commodity shorts. But, like a cornered rat, they are not to be underestimated. They will exploit any avenue or news event to cause a sharp sell-off. Against their desperation, the overwhelming evidence of strong industrial demand and growing shortages for commodities dictate that it's just a matter of time before the silver manipulation is broken. Get used to the volatility. Now, more than ever, you should own real silver that’s fully paid for.

-- Posted 23 March, 2004

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FOR: IMA EXPLORATION INC.

WKN 884971

TSX VENTURE SYMBOL: IMR
OTC Bulletin Board SYMBOL: IMXPF
FRANKFURT, BERLIN SYMBOL: IMT

MARCH 23, 2004 - 10:00 ET

IMA Intersects Silver Mineralization Between Navidad and Galena Hills

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Mar 23, 2004) - IMA Exploration Inc. (IMR-TSX.V, IMXPF-OTC.BB) is pleased to announce results from drill holes 31 through 40 from the Company's 100% owned Navidad Project. Highlights include the first drill holes
between Navidad and Galena Hills where significant silver
intercepts were returned from holes 32, 34, and 40 suggesting a
connection between silver mineralization at Navidad Hill and the
Galena Hill silver deposit. Navidad and Galena Hills are 1200
meters apart. (see Table 1).

Prior to these drill holes, 800m remained untested between
Navidad and Galena Hills. Five drill holes tested the gap between
Navidad and Galena Hills; of these three returned significant
silver intercepts. All of the holes within the Galena Hill
deposit area contained significant intercepts of silver-lead
mineralization and continue to show excellent continuity of
mineralization and silver-lead grades.

Highlights of results from these drill holes include hole 36 with 49.9 metres of 179.1 g/t silver and hole 37 with 76.3 metres of 139.4 g/t silver including an interval of 3.90 metres with 597.4
g/t silver and 7.23% lead. Hole 40 returned 48.0m of 108.5 g/t
silver including a higher-grade interval of 21m of 160.4 g/t
silver (see Table 2). Fifty-three diamond drill holes have now
been drilled at Navidad Project for a total of 8853.6 metres.

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FOR: SILVER STANDARD RESOURCES INC.

TSX VENTURE SYMBOL: SSO
NASDAQ SYMBOL: SSRI
BERLIN SYMBOL: 858840

MARCH 23, 2004 - 09:02 ET

Silver Standard Resources Inc.:

Infill Drilling at Manantial Espejo Intersects High-Grade Sections

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Mar 23, 2004) -
Silver Standard Resources Inc. is pleased to report further
results from an expanded program of infill, metallurgical and
exploration drilling underway at the Manantial Espejo property
located in southern Argentina. Results confirm continuity of gold
and silver mineralization in the primary vein systems - Maria and
Karina/Union - and include high-grade intersections. Reported in
the attached table are high-grade intersections that exceed 200
grams/tonne silver-equivalent. Silver Standard and Pan American
Silver Corp. (Nasdaq: PAAS, TSX: PAA) are 50/50 joint venture
owners of the property, which is presently the focus of a
feasibility study with Pan American Silver as operator.

At Karina/Union, infill drilling has continued to intersect
multiple veins associated with northwest-trending fault
structures. Locally very high grade intersections have been
encountered over a strike length of up to 250 meters and the zone
is open to the northwest and at depth. Highlights include holes
T-346 and T-373, with hole T-346 intersecting 49.93 meters
grading 6.98 grams/tonne gold and 805 grams/tonne silver (163.8
feet grading 0.2 ounces/ton gold and 23.5 ounces/ton silver),
including 25.14 meters grading 12.95 grams/tonne gold and 1,425
grams/tonne silver (82.5 feet grading 0.38 ounces/ton gold and
41.6 ounces/ton silver) (with additional geological
interpretation underway to confirm the orientation of the
structures); and hole T-373 intersecting 7.55 meters grading 9.27
grams/tonne gold and 1,363 grams/tonne silver (24.8 feet grading
0.27 ounces/ton gold and 39.8 ounces/ton silver) and 6.5 meters
grading 22.17 grams/tonne gold and 1,024 grams/tonne silver (21.3
feet grading 0.65 ounces/ton gold and 29.9 ounces/ton silver).
These results underscore the high-grade nature of this vein
system and its importance as a source of mineralization for a
robust mining operation.

The Maria is the largest and best defined vein on the property at
this time. Holes T-355 through T-359 were drilled to provide
additional information on the Maria vein. Highlights include
holes T-355 and T-356 located on Line 600W with hole T-355
intersecting 5.05 meters grading 2.59 grams/tonne gold and 1,015
grams/tonne silver (16.6 feet grading 0.08 ounces/ton gold and
29.6 ounces/ton silver), and hole T-356 intersecting 6.96 meters
grading 22.12 grams/tonne gold and 1,386 grams/tonne silver (22.8
feet grading 0.65 ounces/ton gold and 40.4 ounces/ton silver). In
addition, hole T-357, located 350 meters from these holes at Line
250W, also intersected high-grade gold values over a significant
interval: 20.25 meters grading 12.43 grams/tonne gold and 204
grams/tonne silver (66.4 feet grading 0.36 ounces/ton gold and
6.0 ounces/ton silver).

The feasibility study for the Manantial Espejo property is well
underway and is expected to be completed by early 2005.
Environmental work has commenced and geotechnical work,
metallurgical studies and further infill and exploration drilling
are proceeding.

In other project news, Phase IV infill and exploration drilling
is continuing at Silver Standard's 100%-owned La Pitarrilla
property in Mexico. To date, Silver Standard has outlined two
silver zones at La Pitarrilla, Cordon Colorado and Pena Dike, and
is preparing to drill an additional exploration target, known as
Javelina Creek, located two kilometers to the east of the Pena
Dyke. In addition, a resource estimate, based on drilling to
date, is currently being prepared by an independent qualified
person.

Silver Standard Resources Inc. is a well-financed silver resource
company with over $60 million in cash, excluding marketable
securities. The company continues to seek resource growth through
acquisitions and exploration of its own projects.

To receive Silver Standard's news releases by e-mail, contact
Paul LaFontaine, director, investor relations at
invest@silverstandard.com or call (888) 338-0046. The statements
that are not historical facts are forward-looking statements
involving known and unknown risks and uncertainties which could
cause actual results to vary considerably from these statements.
The risks and uncertainties include those described in Silver
Standard's SEC Form 20F as amended.

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Bema advances big gold mine project in Siberia

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Tuesday March 23, 12:12 PM EST

LONDON, March 23 (Reuters) - Canadian-listed Bema (BGO) Gold Corp (BFOq) said on Tuesday it had completed initial drilling at its multi-million-ounce gold project in eastern Russia and hoped to complete a preliminary economic study by May.

Bema Chairman and Chief Executive Clive Johnson said its Kupol project, located in Chukotka, was regarded by U.S. analysts as one of the most significant new gold discoveries in the world in the past 25 years.

It was estimated to contain over six million ounces of measured, indicated and inferred resources.

Zitat

"We expect to start production at somewhere around 600-800,000 ounces of gold per year. With the kind of grades we're seeing, we are expecting some very low costs, less than $100 an ounce,"

Johnson told delegates at a Russian mining seminar in London.

He expected production to start in 2007.

According to data from precious metals consultancy GFMS, average costs (including depreciation and charges) for Russian gold mining in 2002 were $205 an ounce.

Bema has an option to purchase up to a 75 percent interest in the project from the Chukotka government, which will hold the rest.

The miner also owns 79 percent of another gold mine in far eastern Russia, Julietta, which produced just over half of Bema's total output of 250,315 ounces in 2003.

A warehouse fire hit the Julietta mine in February, which could affect first quarter 2004 production.

Johnson said an update on the impact of the fire would be provided during a conference call with analysts on Thursday, but said he expected the mine to get back up to full production within a few weeks.

He added that Bema was interested in investing further in Russia despite the inherent challenges and risks there.

The company recently launched a convertible bond worth $70 million, partly to fund mining in Russia and Chile.

Johnson said the issue of the seven-year bond that has a conversion price of $4.664 (a 37.4 percent premium) was oversubscribed.

"I think it is an interesting (financial) alternative to other types of project debt," he said.

©2004 Reuters Limited.

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COMEX gold rises above $420 per ounce

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Tuesday March 23, 12:35 PM EST

NEW YORK, March 23 (Reuters) - COMEX gold recovered from early losses Tuesday to rise above $420 an ounce as funds bought the metal for portfolio insurance against geopolitical instability.

At 12:27 a.m. EST, April gold was up $2.30 at $419.80 an ounce, just after topping at $420.80, its highest level since Jan 15 when it was retreating from 15-year highs.

©2004 Reuters Limited.

Spieler0815

Jipangu war einer der ersten Investoren die bei AFlease stark reduziert haben. Ferdinand Lips hat den "Hausschlüssel" auch bereits zurückgegeben, der letzte Beitrag von Stewart Bailey zu AFlease legt nahe, dass Kapitalerhöhungen nötig sind, und das nicht zu knapp. Die Grösse der Dilutierung hängt davon ab zu welchem Preis die AFlease die neuen Aktien an der Börse unterbringen kann, und der wiederum wird vom Börsen Kurs bestimmt werden.

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Das die Kebbels nicht ohne Grund bei Afrikander Lease einsteigen ist schicherlich anzunehmen. Uranium kann der Grund sein, muss es aber nicht unbedingt alleine sein. Vielleicht liegt der Grund auch an der Bonanza South Mine. Der kürzlich, geplatzte Deal mit Harmony Gold wegen der Kalgold Mine, ist vermutlich nicht zuletzt auch den den Kebbels zu verdanken, die wie ich glaube, interessiert daran sind, möglichst billig die Kontrolle von AFlease zu übernehmen.

Wenn ich mir den Chart so anschaue, sollte eigentlich bald der Boden gefunden sein. Wenn nicht, dann sehe ich eher zappenduster für den Kurs von AFRIKANDER LEASE.

In Frankfurt ist die AFRIKANDER LEASE ja wenigstens heute mal 3% gestiegen.

AFRIKANDER LEASE ist meiner Meinung nach zur Zeit ein hoch spekulatives Investment. Drin bleiben, weitere Aktien Zeichnen, oder jetzt noch die Reissleine ziehen sind Fragen, um die ich Dich nicht unbedingt beneide.

Gruss

ThaiGuru

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Na da kriegen die Gold Shortis gerade eins auf die Löffel!

GOLD gerade eben hoch auf 419.40 Dollar!!

Ob wir die 420.- heute noch sehen werden?

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The John Brimelow Report

Go Specs!

Monday, March 22, 2004

Indian ex-duty premiums: AM $1.31, PM $2.17, with world gold at $412.25 and $414.50. Below legal import point. India is not responsible for the present buoyancy in the world gold price. Faced with this morning’s weakness in the dollar, the Indian Reserve Bank permitted the rupee to edge up to a gold-purchase-facilitating 43 month high (still up only 1.1% against the dollar this year).

Silver was quite volatile this morning, making an assessment of India’s silver buying inclinations difficult. This is in itself astonishing: in the Buffet announcement aftermath in ’98, Indian silver prices briefly appeared to be at or below world prices. Currently, it is not clear that local dealers can pay the import duty (c. $US 34c per oz today) and the other costs to allow legal imports, but it is clear that local silver prices are well above world prices: an indication that, whatever else is happening in silver, normal physical appetite is not totally suppressed.

The Shanghai Gold Exchange is indicating discounts to world gold, on the grades it follows, of $1.50 + per oz. with world gold at $412.80. Rhona O’Connell has started to comment on this measure in her weekly article on http://www.thebulliondesk.com , which one regards as an important professional vindication.

The yen weakened a touch during Japanese hours and TOCOM open interest edged up 1,158 Comex equivalent; but Tokyo was not really interested: volume sagged 16% to only the equivalent of 21,663 Comex lots. The active contract close up 5 yen and world gold stood 50c higher at the close. (Volume on Friday in NY was 48,390 contracts and open interest rose 3,291 lots to 263,815.)

This lack of premium in the Eastern physical markets, and non-participation by the main Far Eastern futures market gives further credence to the view advanced last week: the (Western) Funds are back, apparently on a geopolitical concept. UBS essentially confirms this

Zitat

"We believe that the increase in speculative long positions in gold over the past couple of weeks represents risk aversion buying rather than new pessimism about the short-term performance of the US dollar. Any further deterioration in sentiment as a result of terrorist events or security concerns could see gold rally further…Comex-trading gold speculators added 0.8 million ounces to their net long positions taking them to 13.6Moz in the week to 16 March, almost all of this new longs. Open interest changes since last Tuesday indicate that a further 1.5 million ounces were added in the two days to last Thursday with more probably added since then. The buying that has taken place has been unusual in that it took place when other speculators were cutting dollar short positions via the IMM futures markets…this buying could remain a feature of the gold market for some time to come."

Buying of this character is not necessarily bad: indeed, in consciously resisting the usual technical and timing ambushes it can be quite soothing to a gold-friend. And based on January’s experience, it could add another 4Mm Comex ounces without becoming extraordinary.

This is just as well, because the gold market’s constant companion – the heavy overhead seller - has made a re- appearance. Estimated volume by noon was a huge 74,000 contracts, with only 12,500 switches.

CBSMarketWatch carries a discussion of the impact of these developments on the Newsletter community at

http://cbs.marketwatch.com/new…C67F4B59FD%7D&siteid=mktw

JB

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March 22 - Gold $417.20 up $5.10 - Silver $7.59 up 6 cents

Gold Breaks Through Key Resistance, Up 6 Days In A Row

Zitat

"Never doubt that a small group of thoughtful, committed citizens can change the world. Indeed, it’s the only thing that ever has." - Margaret Mead

GO GATA!

Both excitement and disgust filled my air today. Gold was firm right out of the box, opening up higher than expected and then running up from there. First, it easily took out $414 resistance, its recent high, and then it set sail for $416, the spike high of a month ago. That key technical resistance point also fell very easily. However, it was business as usual. The $6 sickening price-capping rule was set in motion by The Gold Cartel and that was all she wrote, which is always the way it is. Goldman Sachs, the big seller all day, stopped gold twice at $418.50 bid, or $6.40 higher. These crooked bums make me puke. Can’t wait for the day they are overwhelmed by free market forces.

Once again for the record, how many times or years does the $6 rule have to be invoked in consecutive market action before someone else in the gold world will make mention of it besides MIDAS?

Aside from the nauseating price-rigging, the breaking through substantial resistance is a very constructive development from a technical standpoint.

By reviewing the gold weekly we can see how powerful a set up we have to move the price much higher. Gold has broken to the upside out of a massive bullish flag formation:

Add $5 for today’s action

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

Gold has closed higher 6 days in a row, made a two month high, and has gone straight up after closing at $395 a week ago Friday.

The gold open interest continues to rise. Friday it gained 3291 contracts to 263,815. It should go up, way up. With what is going on in the world, nothing is cheaper and more valuable than gold.

The silver open interest jumped sharply to 126,970, up 7,810, which is the largest jump in recent memory. Nothing wrong with that sort of leap with the silver fundamentals so stunningly bullish and the market itself moving up nicely on the increase. The March open interest only fell 2 contracts to 290.

There were zero deliveries. Needless to say I am still waiting for my March delivery.

Silver left a small two cent gap right after the opening and finished the day making a new 15-year high.

The silver weekly is a sight to behold. Except for one consolidation period, it has gone straight up. It now appears to be ready to go into an acceleration phase:

Add 6 cents to include today’s action

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

Meanwhile, the fundamental news for silver is EXPLOSIVE!! My London source tells me there are tens of millions of ounces of physical that need to be supplied very soon and THIS AMOUNT DOES NOT EXIST at the moment. There is no telling what can happen in the weeks to come. Right after London opened this morning, silver traded at least 17 cents higher, or $7.70 bid, before selling off into the Comex opening.

It gets even better. Today a completely different highly regarded source confirmed to me the Chinese have tied up 75% of the world’s 2005 silver production. This means The Cafe has two independent sources confirming each other on this 2005 Chinese silver buying. Currently the Chinese are aggressively buying silver and putting it in storage for INDUSTRIAL USE in the years to come. They are big believers the silver price is going to explode in the years to come and they want their supply in inventory.

The Chinese are also buying palladium, uranium and coal. They are scouring West Virginia and Alabama buying the highest quality coal and are shipping it back to China to be used two to three years down the road.

The large jump in open interest tells us the trade continues to pile in on the short side while the specs are in there taking them on. We are coming closer and closer to that Commercial Signal Failure we have been waiting for so long. It seems to me we could get one at this point in time because so many in the silver world are clueless about what is going on behind the scenes. They don’t seem to realize the silver is disappearing fast and has already disappeared in many parts of the world. Or, maybe some do, but are under instructions from The Gold Cartel headquarters to keep selling?

I believe the mainstream silver world is being fooled for the following reasons:

*The lease rates are not shooting up.
*The London spot price, where the shortage is acute, has not gone to a significant premium to New York.
*The Comex spreads are not tightening to a substantial degree and we have not gone into backwardization yet (front months priced higher than the back months).

Can’t speak for the first two, but I suspect we will go into backwardization in the weeks to come. London is basically out of silver (as GATA’s Mike Bolser has been alluding to recently) and it won’t be long before those desperately looking to satisfy silver commitments will have to come to the Comex. Therefore, it also won’t be long before the Comex warehouse stocks begin to disappear and the spreads could go bonkers.

Here is a spread to watch. May silver closed 2.3 cents under December. If May begins to trade over Dec, the panic should begin to kick in. Meanwhile, AIG, the monstrous insurance conglomerate and stealth member of The Gold Cartel, was a seller of May and buyer of December all day today.

To give you some idea how out of it the mainstream silver commentators are, regard this silver analysis which surfaced today:

LONDON, March 22 (Reuters) - Silver was trading just shy of a new six-year peak on Monday in Europe as fund buyers renewed their buying offensive with the 1998 peak of $7.50 an ounce firmly in their sights. Gold was also firmer, supported by a weaker dollar and Middle East security worries stirred by Israel's assassination of Hamas leader Sheikh Ahmed Yassin. Silver, used in jewellery and by industry, has been supported in its recent jolt higher by firm base metals prices. That was outweighing silver's weak demand fundamentals. "The metal is showing no signs of slowing with another push by the funds likely to match the (Warren) Buffett drive higher (to) $7.90 back in February 1998," James Moore of The BullionDesk.com said in a daily report. Moore referred to the high achieved briefly when Buffett -- the world's second richest person -- bought 130 million ounces of the metal. Silver was quoted at $7.65/7.67 an ounce by 1138 GMT, up from $7.54/7.57 last quoted in the New York market on Friday. "The fundamentals don't bear out this price rise but I wouldn't get in the way of a steam train at the moment," a dealer said.

-END-

That’s the sort of silver commentary which is not only prevalent, it is universal. Amazing! The silver fundamentals have never been this bullish in history and most everyone has got it wrong. All I can say is the information passed your way on silver these past few months has been priceless. Silver is on its way to $30/$40 an ounce because the demand for silver is that good and there is precious little supply left. The stunning price move up is going to shock most of the investment world, Wall Street, and the precious metals commentators.