Beiträge von GOLD_Baron

  • Gold und Silber... Informationen und Vermutungen I

    Washington, 18. Sep (Reuters) - Die ausländischen Investitionen in den USA sind im Juli unter dem Strich auf das niedrigste Niveau seit mehr als einem Jahr gesunken.
    Der Netto-Kapitalzufluss in die größte Volkswirtschaft der Welt fiel nach Angaben des US-Finanzministeriums vom Montag auf 32,9 Milliarden Dollar von 75,1 Milliarden Dollar im Vormonat. Dies ist der geringste Stand seit Mai 2005. Analysten hatten im Schnitt einen Rückgang auf lediglich 70,0 Milliarden Dollar erwartet. Der Euro legte nach Bekanntwerden der Zahlen zu. Die Daten gelten als Indikator für das Interesse ausländischer Anleger an US-Wertpapieren.
    Die USA benötigen zur Finanzierung ihres massiven Leistungsbilanzdefizits ausländisches Kapital. Ansonsten könnte eine Dollar-Abwertung drohen.

  • Royal Standard Minerals - WKN: A0BLUE

    Wie Ja oder Nein?


    Gerade bei ROBTV!


    Should be a good week for RSM.
    Being mentioned on ROBTV,
    Getting more investor awareness,
    New Website design,
    More attention by doing a road show,
    Hiring a marketing person.
    All sounds like we are headed to that two bucks American to get the AMEX listing.
    Things are heating up.
    Might just have to load up with some more cheapies.
    Hoping for a great week.
    Happy trading.


    http://www.robtv.com
    ROBTV

  • Royal Standard Minerals - WKN: A0BLUE

    Ein User von WallstreetOnline über Royal Standard Minerals:


    Da ich gestern auf der internationalen anlegermesse in duesseldorf war, habe ich die gelegenheit genutzt mit einigen analysten rsm zu besprechen.


    die ausdruecke dieser waren sehr bullisch gestellt,
    es sind seit 1 januar +- 16 millionen aktien mehr in funds aufgenommen worden,


    aktie extrem unterbewertet, dies soll aber durch die fundsaufnahmen hervorgerufen worden sein, da diese billig reinwollen und den kurs sich zurechtruecken,,


    dann hat man mir gesagt man soll das selbe machen wie die funds und sich eindecken,


    rumour fuers amex listing soll stimmen, man denkt aber dass diese erst naechstes jahr erreicht wird,


    dann sagte man mit royal wuerde in D nicht empfohlen werden, da sie erstens schon zu gross waeren und man sich nur auf juniors explorer konzentriern wuerde, da dort die mk noch kleiner weare und so schnelle 1000% drin waeren !!!durch pushs meine interpretation,


    zweitens royal ist nicht bereit in D den analysten 70000 euro pro jahr zu bezahlen zum empfehlen, also bezahlt eine firma an jedes blaettchen 70000 euro pro jahr damit diese empfohlen wird,


    goldpour soll spaetestens fuer mitte oktober laufen, aber man ist hoffnungsvoll es noch fuer september zu schaffen,


    ausserdem ist man zuversichtlich dass die bohrresultate fuer pinon extrem gut ausfallen werden,


    vorlaeufiges kurspotentzial soll bei 2-3 euro liegen,


    ausserdem soll royal ein teil der einnahmen von goldwegde dazu verwenden, aktien ueber den freien markt zurueckzukaufen,


    zu erwaren war auch noch dass sprott weiter dazukaufen will,


    also auf ein foehliches jahr



    nur noch ein paar sachen zu rohstoffwerten,


    hat das projekt reales potentzial


    ja


    oder werden nur hübsche Hochglanzbroschüren gedruckt, um den investoren was vorzumachen??


    nein,


    liegt das projekt in einem land welches hohe politische risiken birgt,


    nein,


    problem wie umwelt, einheimischen, widerstaende,


    nein,


    ist infrastruktur vorhanden,


    ja


    gibt es altaktionaere oder teilhaber, welche rsm bis zur produktion mitfinanziern ohne dass diese sich ebenfalls zum projekt bekennen


    nein,


    hat das projekt metallurgische probleme,


    nein


    hat das unternehmen mindestens ein aussichtreiches projekt, dessen bisherige bohrergebnisse die existenz eines abbaubaren vorkommen vermuten lassen??


    ja


    besitzt das unternehmen ein management das sich mehrheitlich aus erfahrenen profis der internationalen bergbauindustrie zusammensetzt aber auch den finanz und boersenbereich durch fähige manager abdeckt,


    ja jetzt,


    ist die anzahl der ausgegebenen aktien und mk noch gering??


    meiner meinung nach jaajaja


    betraegt der umsatz an der boerse, bei aktien mit kursen von konstant mindestens durchschnittlich 10000-20000 aktien am tag??



    ja


    verfuegt die gesellschaft genug geld, um mindestens ein weiteres halbes jahr nach rohstoffen suchen zu koennen,


    ja


    ist die gesellschaft erfolgreich am markt, ohne in zwei bis vierwoechigen abstand presse mitteilungen machen zu muessen, die gezielt an bestimmten aufschluessen genommene proben mit hohem gehalt zum inhalt haben, oder alte daten aufkochen,



    ja, nicht wie die pusherbuden,


    durchdringt die firma den markt mit veroeffentlichungen unabhaengiger analysten und aktiver promotion durch marketmaker?
    jedoch sollte man hier vorsicht walten lassen, immer wieder hoch geliebte firmen muessen ihre bewertung ueber qualitaet des projektportfolios widerspiegeln, sonst kann es schnell zu einer kurskorrektur kommen,



    Mein Analyse fuer euch, und meiner meinung nach haben wir hier durchaus ein schnaeppchen das uns ordentlich gewinn bringt


    MFG


    Fletus

  • Royal Standard Minerals - WKN: A0BLUE

    SPROTT ASSET MANAGEMENT INC. 10,738,000 18.52 %
    SPROTT CANADIAN EQUITY FUND 3,249,430 5.60 %
    SPROTT HEDGE FUND LP II 593,000 1.02 %
    SPROTT BULL/BEAR RSP FUND 224,000 0.39 %


    Then there\'s this fund.


    RAB SPECIAL SITUATIONS (MASTER) FUND 2,494,000 4.30 %


    Then, since January 1, 2006, National has been a net buyer of 9,568,500 shares.


    Let\'s see what has changed.


    SPROTT ASSET MANAGEMENT INC. 10,738,000 18.52 %
    SPROTT CANADIAN EQUITY FUND 4,915,497 8.48 %
    PUPLAVA FINANCIAL SERVICES ^^ 2,625,119 4.53 %
    RAB SPECIAL SITUATIONS (MASTER) 2,494,000 4.30 %
    SPROTT HEDGE FUND LP II 893,000 1.54 %
    BLUMONT STRATEGIC PARTNERS HEDGE 93,000 0.16 %
    SPROTT BULL/BEAR RSP FUND 45,200 0.08 %


    And National is still net 9,862,100,00 shares since January 1, 2006.
    Looks like the big boys are filling their boots!!

  • Großinvestoren Update

    SPROTT ASSET MANAGEMENT INC. 10,738,000 18.52 %
    SPROTT CANADIAN EQUITY FUND 3,249,430 5.60 %
    SPROTT HEDGE FUND LP II 593,000 1.02 %
    SPROTT BULL/BEAR RSP FUND 224,000 0.39 %


    Then there\'s this fund.


    RAB SPECIAL SITUATIONS (MASTER) FUND 2,494,000 4.30 %


    Then, since January 1, 2006, National has been a net buyer of 9,568,500 shares.


    Let\'s see what has changed.


    SPROTT ASSET MANAGEMENT INC. 10,738,000 18.52 %
    SPROTT CANADIAN EQUITY FUND 4,915,497 8.48 %
    PUPLAVA FINANCIAL SERVICES ^^ 2,625,119 4.53 %
    RAB SPECIAL SITUATIONS (MASTER) 2,494,000 4.30 %
    SPROTT HEDGE FUND LP II 893,000 1.54 %
    BLUMONT STRATEGIC PARTNERS HEDGE 93,000 0.16 %
    SPROTT BULL/BEAR RSP FUND 45,200 0.08 %


    And National is still net 9,862,100,00 shares since January 1, 2006.
    Looks like the big boys are filling their boots!!

  • Royal Standard Minerals - WKN: A0BLUE

    Royal Standard Minerals: Plans for Investor/Shareholder Market Awareness Program
    9/18/2006
    MANHATTAN, NEVADA, Sep 18, 2006 (MARKET WIRE via COMTEX News Network) --


    ROYAL STANDARD MINERALS INC. ("RSM") (TSX VENTURE: RSM)(OTCBB: RYSMF) as a means to help with the market awareness going forward the Company has committed to a program focused on the US market. The Company has employed Mr. Jeffrey B. Wolin of Los Angeles, California to spearhead this program. Mr. Wolin has been the President of Brighton Capital, Ltd., a boutique investment banking firm representing parties in mergers and acquisitions, public and private placements, convertible preferred/debt offerings, senior debt offerings and related services since 1997. From 1994 until 1997, Mr. Wolin was a consultant to public companies in connection with mergers and acquisitions and financings. From 1992 until 1994, Mr. Wolin was an associate with the law firm of Demetriou, Del Guercio and Lovejoy in Los Angeles; from 1988 until 1992, an associate with the law firm of DeCastro, West, Chodorow and Burns in Los Angeles, CA; and from 1982-1988 an associate at the law firm of Wolf, Block, Schorr and Solis-Cohen in Philadelphia, PA. Throughout his legal practice, Mr. Wolin has specialized in corporate transactions, mergers and acquisitions, public filings, and financings. Mr. Wolin received a Bachelors of Science in Biomedical and Chemical Engineering from Columbia University, New York, NY and a Juris Doctorate from the University of Miami, Coral Gables, FL.


    The program will concentrate upon getting the Company familiar to institutional investors, hedge funds, large capital commodities funds and selected individual investors. Mr. Wolin will act an advisor in connection with, among other things, advisory services, financings, debt arrangement and/or sales or acquisitions of assets and assisting in the negotiation of other transactions to include the introduction of the Company to institutional and high net worth investors as required.


    The Company is near the completion of a complete makeover of its website which will include an overhaul of the corporate presentation that the Company will present to the public. This effort has been going on for the past several months and is expected to be completed by mid-October, 2006. This work also includes the development of a complete booth presentation for trade and other promotional public meetings that the Company expects to attend on a regular basis going forward to present the Royal Standard Minerals Inc. Nevada story. The Company has identified an investor relations representative to manage this portion of the Corporations investor relations program. This person will work closely with Mr. Wolin and management in regard to personal contacts with prospective investors on an ongoing basis. According to Roland Larsen, President & CEO, "I believe that we have set the stage for a long term positive, effective investor awareness program with a professional team that is commensurate with the corporations plans for future growth."


    The Canadian Venture Exchange does not accept responsibility for adequacy or accuracy of this release as per Exchange Policy 3.3 section 6.5.


    Royal Standard Minerals cautions that the statements made in this press release and other forward looking statements made on behalf of the Company may be affected by such other factors including, but not limited to, volatility of mineral prices, product demand, market competition, imprecision of mineral estimates, and other risks detailed herein and from time to time in the Securities and Exchange Commission filings of the Company.


    C.U.S.I.P. # 780919106


    LISTED: STANDARD & POORS


    Contacts: Royal Standard Minerals Roland Larsen Qualified person, NI-43-101 (775) 487-2454 (775) 487-2460 (FAX) Royal-Standard.com


    SOURCE: Royal Standard Minerals Inc.


    Copyright 2006 Market Wire, All rights reserved.

  • Royal Standard Minerals - WKN: A0BLUE

    Royal Standard Minerals Inc.: Plans for Railroad Copper Prospect Drill Testing
    9/15/2006
    MANHATTAN, NEVADA, Sep 15, 2006 (MARKET WIRE via COMTEX News Network) --


    ROYAL STANDARD MINERALS INC. ("RSM") (TSX VENTURE: RSM)(OTCBB: RYSMF) THE Company will commence a ground magnetics survey on the copper-gold skarn prospect located on the Railroad property next week, this work will be completed by the Company geophysicist, Mr. John Munroe. John has significant experience with this type of mineral system having worked in Arizona and Peru.


    The Company has received its drill permits from the BLM to commence testing the copper target on the Railroad Property, Elko County, Nevada. The drilling program will start during the last week of September, 2006 with the Company core drill, the skid mounted Atlas Copco drill has the capability to drill a 2,000 foot core hole with NQ drill steel. The Company has 2,000 feet of new drill steel on hand for this project. This should represent the maximum depth required for this phase of drilling, according qualified person, Roland M. Larsen. The program will be managed by Mr. Richard Loring an experienced geologist with considerable background in the exploration for skarn copper-molybdenum systems. We are pleased to have Rich manage this program going forward.


    The initial focus of the drilling program will be north of the Bald Mountain fault, for more details please refer to a September 20, 2005 press release on the Company website, royal-standard.com, entitled "Recent report indicates potential for porphyry skarn copper oxide system beneath and adjacent to the near surface oxide deposits on the Pinon-Railroad property, Elko, County, Nevada".


    The Canadian Venture Exchange does not accept responsibility for adequacy or accuracy of this release as per Exchange Policy 3.3 section 6.5.


    Royal Standard Minerals cautions that the statements made in this press release and other forward looking statements made on behalf of the Company may be affected by such other factors including, but not limited to, volatility of mineral prices, product demand, market competition, imprecision of mineral estimates, and other risks detailed herein and from time to time in the Securities and Exchange Commission filings of the Company.


    Contacts: Royal Standard Minerals Inc. Roland Larsen Qualified person, NI-43-101 (775) 487-2454 (775) 487-2460 (FAX) http://www.Royal-Standard.com


    SOURCE: Royal Standard Minerals Inc.


    http://www.Royal-Standard.com
    Copyright 2006 Market Wire, All rights reserved.

  • Royal Standard Minerals - WKN: A0BLUE

    Royal Standard Minerals Inc.: Progress at Goldwedge Project
    9/7/2006
    MANHATTAN, NEVADA, Sep 07, 2006 (MARKET WIRE via COMTEX News Network) --


    ROYAL STANDARD MINERALS INC. ("RSM") (TSX VENTURE: RSM)(OTCBB: RYSMF) has been processing the gold mineralized stockpiled material that consists of material that has been recovered during the decline development program that is ongoing. The processing of the stockpiled material has been proceeding for more than a month. The initial throughput consists of lower grade gold values of between 0.02-0.05 ounce per ton (0.6-1.6 gpt) to test the operation of the jig system and also to evaluate what might be expected from a high gravity concentrator that was also recently installed in the circuit. The initial results of this testing program indicates that the lower grade material can be significantly upgraded with gravity processing returning an initial 115 fold increase in the concentrate grade over the initial head grade. The consensus of our consultants on the jig system and on the high gravity concentrator is that this recovery levels should improve. This product will be further upgraded during a tabling process before smelting, according to Roland Larsen, qualified person.


    It has been difficult getting a full 8-10 hour shift of operating the plant up to this point due to many issues with power, water management and equipment adjustments that have been required to allow for the best operating efficiency. These issues decrease each day of operation. The best throughput to date has been 300 tons for a partial day. Based upon these results the Company believes that a throughput of 500-700 tons per day is very manageable for this system and consequently this is our target rate of production.


    The underground program continues to make good progress with the decline development involving three headings to include the continuation of the main spiral decline, the "F" and the "B" decline. This work has identified additional gold mineralized zones in the B decline and the F drift. Currently the Company is developing the deposit over a strike length of nearly 800 feet. The expectations regarding our ability to identify the gold mineralized structural zones have been confirmed, the strength and continuity of these structures over this strike length is impressive. The continuity of the structural zones coupled with the number of quality gold intersections during the surface drilling programs indicates that the gold system has strike length continuity, however as with any mineral system of this type the gold mineralization probably will not occur uniformly in grade and thickness. As indicated by the drilling results the "sweet spots" of multi-ounce gold more than out weigh the "weak spots" during a mining program of this type.


    The quality of the mineralization generally corresponds with the surface drilling results where drill holes have been intersected during the underground development in most cases. However, this work has identified additional gold mineralized structures as part of the decline development. The decline development has been slowed to a degree by the advent of water, about 20 gallons per minute. The Company has implemented a grouting program to help manage the water. The decline development is very close to an area that surface drilling identified some very high quality gold mineralization over long intersections(reported previously in press releases as the focus of the initial development target for the spiral decline) near the current level of the decline which is below and between the A and the B drifts. The A zone area is near the highest point that the gold system achieved as a structural zone and gold mineralization outcrops in this area. This portion of the deposit was placer mined and experienced some shallow underground mining more than 70 years ago.


    Plans include the preparation of a concentrate for smelting and completing the first gold pour aimed at testing this portion of the system, hopefully this month.


    The Company has received its drill permits from the BLM, verbal communication, to commence testing the copper target on the Railroad Property, Elko County, Nevada. The initial holes will also test the overlapping gold system near the Pod target. The Company will contract an outside core drill or it will utilize its own core drill to commence this drilling program that is expected to commence later this month.


    The Canadian Venture Exchange does not accept responsibility for adequacy or accuracy of this release as per Exchange Policy 3.3 section 6.5.


    Royal Standard Minerals cautions that the statements made in this press release and other forward looking statements made on behalf of the Company may be affected by such other factors including, but not limited to, volatility of mineral prices, product demand, market competition, imprecision of mineral estimates, and other risks detailed herein and from time to time in the Securities and Exchange Commission filings of the Company.


    C.U.S.I.P. # 780919106


    LISTED: STANDARD & POORS


    Contacts: Royal Standard Minerals Inc. Roland Larsen (775) 487-2454 (775) 487-2460 (FAX) http://www.Royal-Standard.com


    SOURCE: Royal Standard Minerals Inc.


    http://www.Royal-Standard.com
    Copyright 2006 Market Wire, All rights reserved.

  • Erholung setzt ein...

    Oh man oh man....


    Zitat

    Ich bezweifle, dass sich das Handeln der privaten Kleinanleger in Deutschland auch nur im geringsten auf einen weltweit getaxten Goldkurs auswirken kann. Da kann proaurum oder Westgold noch so große Umsätze machen.


    Schon mal daran gedacht, dass diese Nachfrage symbolisch auch für andere weltweite physische Nachfrage von Privatanlegern sein kann. Von Indien gar nicht zu sprechen jetzt....

  • Royal Standard Minerals - WKN: A0BLUE

    Das Material mit dem niedrigen Goldgehalt ist absichtlich benutzt worden um die Gravitaionsanlage zu testen wie sie mit den LOW-Grades zurechtkommt. Den das ist ja der Vorteil bei dieser Maschine, da sie auch die kleinsten Goldpartikel rausholt!
    Dies Funktioniert auch optimal und wird immer weiter verbessert!


    Es gibt/gab Probleme mit der Versorgung des Kreislaufs diese werden aber von Tag zu Tag weniger. Am besten Tag haben sie schon 300 Tonnen da durchgejagt, daraus schließen sie das die gewünschte Tonnenanzahl für dieses System von 500-700 Tonnen erreicht werden kann ohne Probleme!


    Es wurden wieder zusätzliche Goldstrukturen entdeckt sowohl im B und F Drift. Was ja nicht das erste mal ist und es werden immer mehr! Diese Länge und Kontinutät dieser Goldstrukturen ist anscheinend eindrucksvoll! Die Qualität der Goldstrukturen ist mir den vorhergehenden Oberflächen Bohrungen konform also auch die Goldgehalte!


    Die Untergrundetwicklung kommt gut voran hat sich aber weiter unten verlangsamt da ja wie bereits gemeldet es zu Wassereintriten kommt. Aber 20 Gallonen pro Minute(90 Liter) sind wirklich nicht viel und auch anscheinend kein Problem für RSM. Sie sind jetzt in dem Bereich wo damals bei Oberflächenbohrungen (zur Erinnerung 80 m mit 8gramm und 60m mit 11 gramm) diese guten Werte festgestellt wurden. Da kann man sich sehr wahrscheinlich auf schöne weitere Ergebnisse feuen!


    Die Erlaubnis zum Bohren des Kupfer-Gold-Depot ist auch schon da ging eigentlich recht schnell. Entweder wird ein Bohrgerät gemietet und falls keins zur Verfügung steht weil die im Moment absolute Mangelware sind wird das eigene Bohrgerät verwendet! Dies soll Ende September anfangen!

  • Royal Standard Minerals - WKN: A0BLUE

    Royal Standard continues Goldwedge stockpile processing


    2006-09-07 12:41 ET - News Release


    Mr. Roland Larsen reports


    ROYAL STANDARD MINERALS INC.: PROGRESS AT GOLDWEDGE PROJECT


    Royal Standard Minerals Inc. has been processing the gold mineralized stockpiled material that consists of material that has been recovered during the decline development program that is continuing. The processing of the stockpiled material has been proceeding for more than a month. The initial throughput consists of lower grade gold values of between 0.02 ounce per ton to 0.05 ounce per ton (0.6 gram per tonne (g/t) to 1.6 g/t) to test the operation of the jig system and also to evaluate what might be expected from a high-gravity concentrator that was also recently installed in the circuit. The initial results of this testing program indicate that the lower-grade material can be significantly upgraded with gravity processing returning an initial 115-fold increase in the concentrate grade over the initial head grade. The consensus of the company's consultants on the jig system and on the high-gravity concentrator is that these recovery levels should improve. This product will be further upgraded during a tabling process before smelting, according to Roland Larsen, qualified person.


    It has been difficult getting a full eight-hour-to-10-hour shift of operating the plant up to this point due to many issues with power, water management and equipment adjustments that have been required to allow for the best operating efficiency. These issues decrease each day of operation. The best throughput to date has been 300 tons for a partial day. Based upon these results the company believes that a throughput of 500 tons per day to 700 tons per day is very manageable for this system and consequently this is the company's target rate of production.


    The underground program continues to make good progress with the decline development involving three headings to include the continuation of the main spiral decline, the F and the B decline. This work has identified additional gold mineralized zones in the B decline and the F drift. Currently the company is developing the deposit over a strike length of nearly 800 feet. The expectations regarding the company's ability to identify the gold mineralized structural zones have been confirmed, the strength and continuity of these structures over this strike length are impressive. The continuity of the structural zones coupled with the number of quality gold intersections during the surface drilling programs indicates that the gold system has strike length continuity, however as with any mineral system of this type the gold mineralization probably will not occur uniformly in grade and thickness. As indicated by the drilling results the sweet spots of multiounce gold more than outweigh the weak spots during a mining program of this type.


    The quality of the mineralization generally corresponds with the surface drilling results where drill holes have been intersected during the underground development in most cases. However, this work has identified additional gold mineralized structures as part of the decline development. The decline development has been slowed to a degree by the advent of water, about 20 gallons per minute. The company has implemented a grouting program to help manage the water. The decline development is very close to an area that surface drilling identified some very high-quality gold mineralization over long intersections (reported previously in Stockwatch news as the focus of the initial development target for the spiral decline) near the current level of the decline which is below and between the A and the B drifts. The A zone area is near the highest point that the gold system achieved as a structural zone and gold mineralization outcrops in this area. This portion of the deposit was placer mined and experienced some shallow underground mining more than 70 years ago.


    Plans include the preparation of a concentrate for smelting and completing the first gold pour aimed at testing this portion of the system, hopefully this month.


    The company has received its drill permits from the BLM, verbal communication, to commence testing the copper target on the Railroad property, Elko county, Nevada. The initial holes will also test the overlapping gold system near the Pod target. The company will contract an outside core drill or it will use its own core drill to commence this drilling program that is expected to commence later this month.


    We seek Safe Harbor.

  • CRASHGEFAHR: SKS beim Spotpreis

    WF erwartet sinkende Metallpreise in den kommenden Jahren


    WASHINGTON (Dow Jones)--Mitten im Metallpreisboom sagt der Internationale Währungsfonds (IWF) für die kommenden Jahre wieder einen Rückgang dieser Preise voraus. Die starke Nachfrage insbesondere in China hat viele Commodities außerhalb des Ölsektors in diesem Jahr massiv anziehen lassen. Dabei kletterten die Metallpreise seit 2002 real um 180% und übertrafen sogar die Gewinne der Ölpreise, die im selben Zeitraum um 157% gestiegen sind. Die Experten beim IWF meinen aber, mittelfristig würden die Metalle von ihren Höchstständen zurückgehen, da neue Kapazitäten in Produktion gebracht würden. In seinem "World Economic Outlook", der am Mittwoch in einer Zusammenfassung veröffentlicht wurde, schränkt das IWF aber ein, dass die Preise nicht mehr auf ihre früheren Stände zurückkehren dürften, denn die höheren Energiepreise hätten die Produktionskosten gesteigert. Auch sei der Zeitpunkt einer Preisanpassung schwer abzuschätzen. Die derzeitige hohe Kapazitätsauslastung und die niedrigen Lagerbestände würden die Märkte sehr anfällig selbst gegenüber kleinen Veränderungen von Angebot und Nachfrage machen.


    Vor allem die rapide wachsende chinesische Wirtschaft den Metallboom mit verursacht. Der IWF-Studie zufolge hat China während der vergangenen vier Jahre etwa 50% zu der Steigerung beim Netto-Weltverbrauch von Metallen wie Aluminium und Stahl beigetragen. Die derzeitige hohe Rate des chinesischen Metallverbrauchs erinnere an die von Japan und Südkorea während ihrer jeweiligen Entwicklungsperioden. Solche Raten würden normalerweise zurückgehen, wenn sich die aufstrebenden Volkswirtschaften mehr in Richtung Dienstleistungen orientierten. Auf mittlere Sicht könne in den Emerging Markets aber noch immer von einer wachsenden Metallnachfrage ausgegangen werden, meint das IWF und verweist auf das dortige industrielle Wachstum, verbunden mit Bau- und anderen Infrastrukturaktivitäten. Ein Teil dieser starken Nachfrage könne aber temporär bleiben, zumal die chinesische Regierung den Wachstumsschwerpunkt mittelfristig vom Investment- auf den Konsumsektor verlagern wolle.


    Die IWF-Analyse besagt daneben - abweichend von der Einschätzung anderer Beobachter -, dass die Rohstoffhausse nicht durch Finanzinvestoren und andere Spekulationen mitverursacht wurde. Es gebe kaum statistische Evidenz dafür, dass spekulative Positionen zu Preisveränderungen am Spotmarkt geführt haben, meint das IWF. DJN/DJG/bdz/7.9.2006