Beiträge von GSP-Komet

  • Newmont Mining Corp. / NEM (NYSE)

    ...


    A disclaimer is in order. In no case can we attribute 100% of the firm's revenue to sales of a single commodity. Public corporations long ago recognized investors needed either vertical integration or a wide-ranging portfolio of commodities to dampen the volatility of single-commodity production. The four corporations examined below, Phelps Dodge, Inco, Newmont Mining (NEM) and Anadarko Petroleum (APC) all have multiple commodity exposure. In addition, all four corporations have been quite active in the merger, acquisition and divestiture market. These distortions are unavoidable.


    ...


    Newmont Mining and Gold


    Newmont's performance story is fascinating. Prior to May 2003, its relative performance to the S&P 500 as a function of gold prices increased exponentially. It is as if the owners of Newmont got an additional call option on gold tossed in for good measure. This makes sense. The production costs for gold barely increased while prices received increased by more than 50% during this period. After May 2003, the relationship changed entirely: There is none.


    Was Newmont Mining a Good Way to Play Gold?

  • $GOLD:$SILVER Ratio u.a.

    November 24, 2006


    The U.S. Dollar is the Week's Biggest Turkey
    by Peter Schiff


    November 24, 2006


    Gold ETF Impact 2
    by Adam Hamilton


    A Big-Picture Look at Currencies
    by Gary Tanashian


    USD is breaking down from a bearish flag and a test of the major lows around 80 looks likely.


    Euro breaking out of bullish flag on the way to a possible test of major highs.


    Swissy is even more bullish then the Euro.


    Finally we find our favorite basket case, the Yen, actually looking bullish in the bigger picture.


    November 24, 2006


    Dollar Damage is More than Holiday Thin Trade
    by Ashraf Laidi


    The US Dollar drops to:


    - 19-month lows against the euro at 1.31, down 2.5% on the month and 10.6% on the year


    - 3 month lows against the yen at 115.62, down 1.1% on the month and 2.0% on the year.


    - 23-month lows against sterling at 1.9348, down 1.4% on the month and 12.4% on the - year.


    - 5-month lows against the Swiss franc at 1.2072, down 2.6% on the month and 8% on the year.


    November 20, 2006


    China Diversifying to Lessen the $' Reserve Currency Role
    by Julian D. W. Phillips


    From http://www.silverforecaster.com 20th November 2006


    With gold leading silver along by the hand, we feature this week's article on China and its burgeoning reserves problem, which we believe will be the most significant event in the global monetary system ever to affect both gold and silver. Indeed if it continues to grow in influence on the value of the $, it may well be that silver begins to be treated as a monetary metal at some point in the future.

  • $GOLD:$SILVER Ratio u.a.

    Silver/Oil Ratio (SOR)


    $Silver:$WTIC = SOR = 0,223 (SMA 50: 0,198 > SMA 200: 0,174)


    $WTIC = $59,24 (SMA 50: 60,48 < SMA 200: 67,46)


    $Silver = $13,23 (SMA 50: 11,97 > SMA 200: 11,71)


    Durchschnitt der letzten 25 Jahre: 0,26 = 0,26 x $59,24 = $15,40


    Silver Cost of Crude Oil (SCCO)


    $WTIC:$SILVER


    aktuell: 4,48 (SMA 50: 5,08 < SMA 200: 5,81)


    Durchschnitt der letzten 25 Jahre: 4,38


    $59,24 : 4,38 = $13,52


    $Silver:$USD = 0,158 (SMA 50: 0,14 > SMA 200: 0,135)


    mfg

  • $GOLD:$SILVER Ratio u.a.

    $Gold:$WTIC = GOR = 10,73 (SMA 50: 9,99 > SMA 200: 9,08 )


    $WTIC = $59,24 (SMA 50: 60,48 < SMA 200: 67,46 )


    $Gold = 635,40 (SMA 50: 602,01 < SMA 200: 609,08)


    $59,24 x 10,73 = US-$635,40


    langfristiger Durchschnitt = 15,2 = 15,2 x 59,24 = US-$900,45


    100 x $WTIC : $Gold = GCCO


    100 x 59,24 : 635,40 = 9,32


    langfristiger Durchschnitt = 7,2


    59,24 x 100 = 5.924 : 7,2 = US-$822,78


    mfg

  • $GOLD:$SILVER Ratio u.a.

    Der Gold- und Silberpreis performen derzeit die Indizes $HUI und $XAU out. Die Unternehmen aus diesen beiden Indizes $HUI und $XAU haben derzeit ein sehr großes Aufholpotenzial!


    $Gold:$HUI


    aktuell: 1,87 (SMA 50: 1,95 > SMA200: 1,88)


    Beginn einer starken Rallye (Aufholjagd bei dem $HUI ggü. dem $GOLD!, Am Freitag hat er die 200-day SMA nach unten durchschnitten!)


    $SIlver:$HUI


    aktuell: 0,0389 (SMA 50: 0,0387 = SMA200: 0,036)


    $Gold:$XAU


    aktuell: 4,49 (SMA 50: 4,59 > SMA200: 4,39)


    Beginn einer starken Rallye (Aufholjagd bei dem $XAU ggü. dem $GOLD!, Am Freitag hat er die 50-day SMA nach unten durchschnitten!)


    $Silver: $XAU


    aktuell: 0,093 (SMA50: 0,091 > SMA200: 0,084)


    Zu bemerken ist das die in diesen Indizes vertretenen Unternehmen über einen Hebel gegenüber Ihren Basiswerten (Gold bzw. Silber) verfügen. Daher sollten diese beiden Indizes schon sehr bald wieder den Gold- bzw. Silberpreis outperformen! (Je höher Ihr Produkt im Preis steigt desto steiler steigt Ihre Gewinnkurve auch an.)


    $HUI:$Gold


    aktuell: 0,54 (SMA50: 0,51 < SMA200: 0,53)


    Hier kann man die oben genannte Outperformance von dem Goldpreis gegenüber dem $HUI auch erkennen.


    Beginn einer starken Rallye (Aufholjagd bei dem $HUI ggü. dem $GOLD!, Am Freitag ist er über die 200-day SMA gestiegen!)


    $HUI:$Silver


    aktuell: 25,72 (SMA50: 28,88 < SMA200: 27,93)


    Hier kann man die oben genannte Outperformance von dem Silberpreis gegenüber dem $HUI auch erkennen.


    Beginn einer starken Rallye (Aufholjagd bei dem $HUI ggü. dem $SILVER!, Am Freitag ist er knapp an der 50-day SMA gescheitert!)


    $XAU:$Gold


    aktuell: 0,2228 (SMA50: 0,218 < SMA200: 0,2283)


    Hier kann man die oben genannte Outperformance von dem Goldpreis gegenüber dem $XAU auch erkennen.


    Beginn einer starken Rallye (Aufholjagd bei dem $XAU ggü. dem $GOLD!, Am Dienstag ist er über die 50-day SMA gestiegen!)


    $XAU:$Silver


    aktuell: 10,70 (SMA50: 10,98 < SMA200: 11,94)


    Hier kann man die oben genannte Outperformance von dem Silberpreis gegenüber dem $XAU auch erkennen.


    mfg


    Man kann nach meiner Meinung erwarten, das die beiden Indizes $HUI und $XAU schon sehr bald wieder ihre jeweiligen Basiswerte outperformen werden.


    Begründung:


    Ihre Hebel gegenüber ihren jeweiligen Basiswerten!

  • $GOLD:$SILVER Ratio u.a.

    Asset Deflation


    $INDU:$Gold
    aktuell: 19,33
    SMA50:19,88 > SMA200: 18,74


    Hier sehen, wir wie der Dow Jones Industrial sich gegenüber dem Goldpreis im Aufwärtstrend nach oben befindet!


    schönes Doppeltop aber im Chart sichtbar!, wobei das letzte Hoch niedriger als das vorherige Hoch war! In dieser Woche ist er an der SMA 50 nach unten abgeprallt!


    $COMPQ:$Gold
    aktuell: 3,87
    SMA50: 3,88 > SMA200: 3,70


    Hier können wir sehen, wie sich der Nasdaq Composite gegenüber dem Goldpreis im Aufwärtstrend nach oben befindet!


    schönes Dreifachtop aber im Chart sichtbar! In dieser Woche wurde wieder die SMA 50 unterschritten!


    $SPX:$Gold
    aktuell: 2,20
    SMA50: 2,27 > SMA200: 2,15


    Hier können wir sehen, wie sich der S&P500 gegenüber dem Goldpreis im Aufwärtstrend nach oben befindet! I


    schönes Doppeltop im Chart sichtbar, wobei das letzte Hoch niedriger als das vorherige Hoch war! In dieser Woche an der 50-day SMA mnach unten abgeprallt!


    $UST:$Gold
    aktuell: 0,1709
    SMA50: 0,1793 > SMA200: 0,1759


    Hier können wir sehen, wie sich die 10-jährigen Treasuries gegenüber dem Goldpreis noch im Aufwärtstrend nach oben befinden! Der 50-day SMA hat bereits nach unten gedreht. In dieser Woche an dem SMA 200-day nach unten abgeprallt.!


    $USD:$Gold
    aktuell: 0,132
    SMA50: 0,143 = SMA200: 0,143


    Der $USD befindet sich im freien Fall gegenüber $GOLD! Die 50-day SMA hat die 200-day SMA nach unten durchschnitten!


    $DJUSRE:$Gold


    aktuell: 0,53
    SMA 50: 0,52 > SMA 200: 0,48


    Doppeltop im Chart sichtbar! wobei das 2. Hoch niedriger als das 1. Hoch ist!
    Widerstand knapp unterhalb von 0,53!


    mfg

  • $GOLD:$SILVER Ratio u.a.

    $Gold:$USD


    aktuell: 7,59
    SMA 50: 7,02!!! < !!! SMA 200: 7,04!


    Nun wird der USDX in den freien Fall übergehen und der Euro und der Gold- und Silberpreis werden zusammen stark steigen!


    ---> Shortet massiv den USD!

  • $GOLD:$SILVER Ratio u.a.

    http://stockcharts.com/def/servlet/SC.we...old%3A%24Silver


    aktuell: 48,03
    SMA 50: 50,37 < SMA 200: 52,33


    Der Preis vom Crude beträgt aktuell: 59,24!
    0,06oz/bbl => US-$987,00 x 0,06 = US-$59,22
    bei unverändertem Wert von 48,03: wäre
    Crude: $59,22 = Gold: $987,00 = Silber: $20,54!
    ("Patrick Chidley, a New York based sell-side analyst for Barnard Jacobs Mellet, said, in a recent note to clients, that since 1971, the number of ounces of gold required to buy one barrel of oil has averaged 0.06oz/bbl.")


    Der Goldpreis ist auf seinem Weg auf/über die $987!
    Der Silberpreis ist auf seinem Weg auf/über die $20,54!


    Wichtige charttechnische Marken (Renko):


    - Brent: U = 59,00, hat bereits nach oben gedreht! :D
    - EUR/USD: U = 1,29, hat bereits nach oben gedreht! :D
    - Gold: U = 634,00, hat bereits nach oben gedreht! :D
    - Palladium: U = 324,00, hat bereits nach oben gedreht! :D
    - Platin: U = 1.166,00, hat bereits nach oben gedreht! :D
    - Silber: U = 13,05, hat bereits nach oben gedreht! :D


    mfg

  • Richmont Mines Inc./ RIC (TOR, NYSE)

    MONTREAL, QUEBEC, Nov 20, 2006 (CCNMatthews via COMTEX) -- Richmont Mines Inc. (CA:RIC) (RIC) and Patricia Mining Corp. (CA:PAT) are pleased to announce the first gold pour at the Island Gold project. As part of its advanced underground exploration program, the CIP mill began operations last September in order to process a surface stockpile of approximately 30,000 tonnes of mineralized material from underground development and test mining.
    The first planned gold pour was completed on November 15, 2006 and yielded one gold Dore bar of an approximate gross weight of 530 ounces. The bar has been shipped to the Royal Canadian Mint for refining and final determination of gold content. Assisting at Island Gold's first gold pour, Mr. Chadder stated "I am very pleased with the culmination of efforts by the Patricia team and the development to date by Richmont which has lead to this first Gold Pour."
    The processing of the mineralized material from the underground development and test mining is on-going and a second gold pour is planned for this week. Upon completion of the current program, technical parameters and metallurgical results will be used for the reserve calculation with the objective of advancing the Island Gold project towards commercial production.


    Martin Rivard Chris Chadder
    President and President and
    Chief Executive Officer Chief Executive Officer
    Richmont Mines Inc. Patricia Mining Corp.

  • Newmont Mining Corp. / NEM (NYSE)

    TORONTO, ONTARIO, Nov 23, 2006 (CCNMatthews via COMTEX) -- eResearch analysts, George Cargill, Ph.D., P.Eng. and Bob Weir, B.Sc., B.Comm., CFA, have written an Initiating Report on Western Goldfields, Inc. (CA:WGI: news, chart, profile) (WGDF) . Western Goldfields is a U.S.-incorporated but Canadian-managed junior mining company engaged in gold production and mine development in southeast California, U.S.A.
    In the Report, the Analysts state that, "Western Goldfields has one principal asset, the fully permitted gold-producing Mesquite Mine, which it acquired from Newmont Mining Corporation in 2003. To date, a total of 154.01 million tons of material has been placed on leach pads over the mine's life, making Mesquite a significant asset. The Company's new management team intends to restart production beginning in April 2008 at an average annual rate of approximately 165,000 oz. of gold over the next 9 1/2 years."
    The Analysts go on to say, "...we believe there are some interesting challenges..." facing management, but that "...the Company has considerable potential to achieve its goals."

  • Newmont Mining Corp. / NEM (NYSE)

    TORONTO, ONTARIO, Nov 20, 2006 (CCNMatthews via COMTEX) -- Grandview Gold Inc. (CA:GVX: news, chart, profile) (GVGD.F) ("Grandview" or the "Company") is pleased to report partial results of the first of seven diamond drill holes comprising 12,414 feet from the 2006 drill program on the Pony Creek Property in Elko County, Nevada (the "Property"). The Property lies on the southern portion of the Carlin Trend, approximately 32 kilometers (20 miles) south of Newmont Mining Corporation's 2 million ounce Au Rain mine. Diamond drill hole PC-06-03 intersected 27.4 meters (90 feet), from 94.5 meters (310 feet) to 121.9 meters (400 feet), of fractured and altered intrusive that returned an average grade of 1.2 g/tonne (0.035 ounces/ton) gold. Within this overall interval, from 117.4 meters (385 feet) to 121.9 meters (400 feet) was a 4.6 meter (15 foot) section that graded 3.42 g/tonne (0.10 ounces/ton) gold.

  • Newmont Mining Corp. / NEM (NYSE)

    Last Update: 7:38 AM ET Nov 20, 2006


    LONDON, Nov 20, 2006 (Dow Jones Commodities News via Comtex) -- Newmont Mining Corp. (NEM) hopes its Ahafo gold mine in Ghana will produce more than 225,000 troy ounces of gold by the end of 2006, as initially expected, following the relaxation of regulations issued by Ghana's wholesale power utility to curtail power supply to bulk users, a company official told Dow Jones Newswires Monday.
    The Ahafo mine normally has an annual output of 500,000 ounces, but output was affected by the Volta River Authority's power regulations.
    Newmont Ghana Gold Ltd. was ordered to cut its power usage by 50% at the beginning of the power crisis that hit Ghana in September due to drought, said Newmont's energy manager Joshua Mortoti, but now the company only has to cut usage by 20%.
    "Our power supply situation is improving. Besides we are able to generate an extra 10%-12% of power ourselves, which is why I am optimistic that we will meet this (production) target," Mortoti said.
    Mortoti added that company-generated electricity, produced by using their own generators, has been very costly for Newmont Ghana Gold.
    Last week, the government of Ghana announced it is going to spend $470 million in power generation over the next three years after widespread power cuts slowed output at mining firms across the country.
    "Two new power plants will be operational by August 2007, with a 300 megawatt thermal plant to be installed in 2009, while another 80 megawatt plant will be operational by April 2007," finance minister Kwadwo Baah-Wiredu told parliament.
    Mortoti welcomed the announcement, calling it "a step in the right direction" but remained skeptical over the timing. "We know that the government has contracted General Electric (GE) in the U.S. to install a 126 megawatts Frame 9 plant. That could quickly be installed by next year. But the other projects are likely to be marred with political controversies," Mortoti said.
    The Ahafo mine, which is one of two projects being undertaken by Newmont in Ghana, has a 20-year lifespan and is capable of processing 7 million tons of ore a year.

  • Newmont Mining Corp. / NEM (NYSE)

    Other mining companies have lost money when the policies of their host countries hardened toward foreign investors, or when natural disasters struck.
    Gold miner Newmont Mining Corp. (NEM) in September cut its gold sales outlook, partly due to lost sales from a joint venture in Uzbekistan, where the government expropriated Newmont's assets.

  • $GOLD:$SILVER Ratio u.a.

    The historical efficient frontier with precious metals is superior to the historical efficient frontier without precious metals. With the exclusion of the maximum return asset allocation, including precious metals in the opportunity set improved the risk-return tradeoff over the entire historical efficient frontier. Importantly, the allocation to precious metals does not come at the expense of any single asset class, but rather it comes from a reduction in several asset classes. This suggests that the unique risk/reward profile of precious metals makes them a useful diversification tool in strategic asset allocation.


    Based on the historical efficient frontiers, Ibbotson found that including precious metals moderately improved the efficient frontier. Allocations ranged from approximately 0% to 9%. Based on the forward-looking resampled efficient frontiers, asset allocations that include precious metals have better risk-adjusted performance (as measured by Sharpe ratio) than asset allocations without precious metals. Investors can potentially improve the reward/reward ratio in conservative, moderate, and aggressive asset allocations by including precious metals with allocations of 7.1%, 12.5%, and 15.7%, respectively. These results suggest that including precious metals in an asset allocation may increase expected returns and reduce portfolio risk.


    aus:


    Precious Metals - Critical Diversifier

  • $GOLD:$SILVER Ratio u.a.

    This time we decided to use XAU/S&P500 Ratio together with EMA (Exponential Moving Average), offered by greatest StockCharts.com, to look at the Gold & Silver Index development. The conclusions are:


    - The current consolidation phase is not over yet...
    - 150 and 165 resistance levels have to be broken in order to continue the major UP- trend...
    - Descending Triangle sometimes is a reversal pattern, and the future development will reveal the direction within next few months, we just have watch its bounds for "breaks"...
    - XAU/S&P500 Ratio and EMA compliment other indicators to identify and/or confirm current trend development..


    aus:


    Silver and $XAU Weekly Charts

  • $GOLD:$SILVER Ratio u.a.

    Proving its mettle as a safe haven in dangerous times, gold has climbed steadily against the price of OPEC's benchmark crude oil prices from 8.75 barrels in early August to a high of 11.5 barrel last week. Gold traders in London, New York, and Tokyo, have noticed that gold diverged from its tight linkage to the crude oil market over the past few weeks, and the phenomena might have its origin in the Gulf.


    aus:


    Are Arab Oil Kingdoms and China Attracted to Gold's Glitter?