Beiträge von frr

Nachdem die Übernahme nun freundlich genannt wird, kann ich mich mit dieser Tatsache kaum anfreunden.
Placer sitzt und sass im selben Hedge Boot wie Barrick. Diese Übernahme is zweifellos von den Mega Gold Shorters, id est den Mega Bullion Banken a' la JPMC et al gesteuert. Sie haben somit beinahe alle potentiellen short squeeze u. margin call Kandidaten im Griff - Anglo fehlt noch in dieser Sammlung.

Jim Sinclair hat es mit seiner Ashanti Story auf den Punkt gebracht:

Tuesday, December 27, 2005, 11:36:00 AM EST

The Implications of the Consolidation of the World’s Gold Producing Industry

Author: Jim Sinclair

Simply stated, the primary implication is in my opinion a minimum price objective of USD$1,650. The reason for this is over-the-counter short of gold non-recourse lending.

Consider the following:

1. Ashanti Gold is the case study that carries with it both the motive and objective.

2. Lenders that stand behind the non-recourse short of gold derivative-based loans for new mine development are not the many but rather the very few.

3. Loans are not made directly to the project but rather to the captured financial entity of the largest and probably the final consolidator of the industry.

4. The captured financial entity of the final consolidator(s) of the gold producing industry is domiciled in areas of banking secrecy and transactional obscurity

5. There is one more major producer on the block for sale.

6. In the Ashanti Gold case study, the company did not declare bankruptcy even though it was bankrupt. The debit outstanding at the time was settled in common shares of the company to international investment firms as conduits to the original lenders in the transaction that stood as the counterparty to the under water short of gold over-the-counter derivative.

7. As such, ownership of the underlying asset was transferred via dilution to the new shareholders who gained their position in settlement for the then debit existing due to the underwater short of gold derivative in which Ashanti was the short seller.

8. The final consolidator(s) will become Ashanti models in which even the diluted shareholders will feel little or no pain due to the level that gold will attain.

9. The control of the majority of the world’s supply of gold then falls into the ownership of the primary lender that stands behind the non-recourse short of gold production loans that are universally prevalent within an industry.

Conclusion:

The tool to transfer ownership of the world’s gold production from the present owners to those few primary lenders in the chain of the short of gold non recourse derivative lending is a significant increase in the price of gold. This is painless for the stockholders of the majors but terminal for the junior percentage joint venture holder with the major.

Who exactly is the primary lender is not really the question. Although the transaction is shaded in secrecy, it is perfectly legal as no arm twisting was required to make the producer eagerly accept the terms of what appeared as free money. This strategy is in fact ingenious in its simplicity.

Consolidation of the industry and derivative impact alone is reason enough to know that the price of gold is headed to a minimum price objective of $1,650.

Interim noise will emanate from the top callers, seers, trade everything all the time whackos, but it is all pointless noise signifying absolutely nothing.

Stay focused. Keep your eye on the real ball, know the story of Ashanti, sit back, relax and enjoy the profitable spectacle about to unfold starting in COT’s newly revealed but old destiny of $750 plus.

A final note to the juniors enjoying the development of your projects. Wake up! You are the most vulnerable domino in this series. There is time to fix your situation even if it means a near lynching by your shareholders.

I do not expect thanks for the juniors for this warning as I received no thanks for the hundreds of thousands of dollars I spent warning the major producers in the late 90s that their activities were putting them in severe jeopardy and destroying the gold market itself.

Where’s the Beef?

For the Doubting Thomas's, consider the means of reward for management in a major transaction between significant producers. The reward interest of management and that of the company shareholder is in 99% of the cases within the gold producing industry quite dissimilar.

Yes, management is a stockholder but via the unending paper-producing insider stock option programs that simply offer free of cost calls on the common shares that are exercised and replaced ad-infinitum.

Yes, there are golden parachutes for the acquired company but these parachutes are full of holes as compared to the eternal insider stock options in a major gold bull market.

So where is the beef in the sale?

When a major removes its anti takeover mechanism thereby inviting competitive takeover bids, you need to ask yourself what is management so terrified of that motivates them to give up the life long cash cow that free stock is on an ongoing basis.

Well, I will tell you straight out. It is the short of gold over-the-counter hedge positions required for the non-recourse borrowing that every major without exception is up to their eyeballs in. These items if not on the books of the major are deeply buried in the indentures of the non-recourse loan agreement with the simple words that the borrower is subject to ALL the contingencies of the non-recourse loan. This is why so many juniors run by engineers and geologists do not have a clue of the danger they are in of losing their property percentages to the consolidated major at the end of the day.

The singular major or few majors that seem totally at ease with the over-the-counter short of gold derivative hedge positions are the entities that will consolidate the entire gold producing industry prior to entering the Ashanti mold.

Ownership transfer will then take place and share prices will recover over time. It is so simple, so legal and so sinister as to bring capitalism almost to a spiritual level.

The major lender hidden behind the venue of the loan is "Snipley Golden Whiplash" that has tied the hero of the gold industry to the railroad tracks with no White Knight coming to the rescue.

Copyright © 2003 Jim Sinclair's MineSet All rights reserved | Site Manager |

....

Beste Grüsse

Analysts forecast a new rush to gold
2005-12-28 Beijing Time
GOLD may end a two-week drop on speculation that investors will increase holdings of the precious metal, which has outperformed US stocks and bonds this year, a Bloomberg survey shows.

Twenty-three of 39 traders, investors and analysts surveyed last week from Mumbai to New York said money managers should buy gold, which declined 70 cents last week to US$505.20 an ounce on the New York Mercantile Exchange's Comex division. Twelve said prices will fall, and four were neutral.

Fund managers at the California Public Employees Retirement System and at Hermes Pensions Management Ltd in the United Kingdom said this month they may invest in commodities for the first time. Investor demand will drive gold to US$515 an ounce on average next year, Goldman Sachs Group said last week. The average this year is US$444.

"The battle will be on for a year-end close over US$500," said Gregory Orrell, president of Livermore, California-based Orrell Capital Management Inc, which trades gold shares. "I am betting it will."

Gold for February delivery fell 0.1 percent last week on the Comex, a drop that surprised the majority of analysts surveyed in mid-December, who expected a gain. Bloomberg's survey has forecast the direction of prices accurately in 50 of 87 weeks, or 57 percent of the time.

Investors accounted for 14 percent of gold demand in 2004, up from 10 percent in 2003, said the World Gold Council, a producer-funded group based in London. In the third quarter, investor demand for coins, bars and funds that buy bullion was up 56 percent from the same period last year.

Bloomberg

Got Gold?! ... and some silver - which looks sort'a explosive from here on...

Grüsse

http://www.theglobeandmail.com…26/RMINERS26/Business/Idx

http://www.resourceinvestor.com/pebble.asp?relid=15654

BTW, Thanks Eldo and others and please accept my apology for my "French"!

Best

...

- wurde jeglicher Zweifel bestätigt.

Es erstaunt mich immer wieder, dass die Lernfähigkeit von Leuten, die Goldseiten entdeckten immer noch Nichts begriffen haben!

Loss mi onglahnt - AG

... - scheint mir ein ungeheuer bedeutungsvoller Beitrag zu diesem Thema zu werden.
Christian Morgenstern hat es bereits versucht den Fischen eine Stimme zu geben; Er hat allerdings kleine Luftblasen stat Puünktchen verwendet und somit etwas mehr ausgesagt als blosse - ... - !
Es wird a bissl langweilig obergscheite Leit zu interpretieren, die sich hinter a paar Punkterln vasteck'n und es is a net so lustig wias glabst.

Immerhin, geht es darum wie lange das durch NICHTS gedeckte internationale Währungssystem noch aufrecht erhalten werden kann - eine Chuzpe, die nun vom hegemonialen Dollar bis zur letzten Zerreissprobe ausgelotet wird.

Muass I mehr sogn?

Hast a Gold oda kans, Oida?

Des is de Frog vom oid'n Hamlet - To be or not to be!

Musste ich hier übernehmen, da dies ein brillianter Vergleich der Werte von 2 FED Chairman über rund 2 Generationen beleuchtet:

" Hold still, Little Fish!
(SeattleSun) Dec 26, 11:47

‘Hold still, Little Fish! All we intend to do is gut
you.’

MACOLM BRYAN - FED RESERVE ATLANTA (1958)
In 1958 Macolm Bryan, head of the Federal Reserve Bank
of Atlanta, made this protest against even a little
inflation and to the proponents of a gently rising
price level: “The integrity of our conduct is crucial.
Even if we ignore past savers in money forms, which
would be a great scandal, we at least have a
responsibility, binding in conscience, to present and
future savers in money forms. If a policy of active or
permissive inflation is to be a fact, then we can
rescue the shreds of our self-respect only by
announcing the policy. That is the least of the canons
of decency that should prevail. We should have the
decency to say to the money saver, ‘Hold still, Little
Fish! All we intend to do is gut you.’”

Fast Forward 44 years!

BEN BERNANKE - FED RESERVE BOSTON (2002)
Compare that to a quote from a speech given by former
Boston Fed Governor Bernanke in November of 2002:
"...U.S. dollars have value only to the extent that
they are strictly limited in supply. But the U.S.
government has a technology, called a printing press
(or, today, its electronic equivalent), that allows it
to produce as many U.S. dollars as it wishes at
essentially no cost. By increasing the number of U.S.
dollars in circulation, or even by credibly
threatening to do so, the U.S. government can also
reduce the value of a dollar in terms of goods and
services, which is equivalent to raising the prices in
dollars of those goods and services. We conclude that,
under a paper-money system, a determined government
can always generate higher spending and hence positive
inflation.”

The difference in policy is staggering, but what I
really want to point out is that Mr. Bernanke is at
least doing what Mr. Bryan hoped, telling the Little
Fish they will be gutted.

The Federal Reserve does not want people to save money
and they warned them not to. The Fed is slowly
“training” the populace to believe that real estate
and equity investing is the “savings” of the future.
But saving is different from investing in that
investing has price risk.

So the Fed has made it clear that saving “money” has
risk too, the risk of a declining dollar. The only way
to protect a decline in the dollar is to not save
money, but invest it in assets that increase in
nominal price at the rate of at least the decline in
the dollar.

Got Gold?

Hope you do! If not - time's running out at an ever faster pace ...

Mit Marc Faber - Silber und Palladium, neben Gold seine Präferenzen.

... Ich würde noch Junior Miners mit ersten Adressen hinzufügen ...

http://www.safehaven.com/article-4343.htm

Ein goldenes 2006 - with a silver lining -

wünscht Allen

- Und ich bin mir bewusst, dass ich nur wenig weiss.

Das Wenige versuche ich allerdings wirklich zu wissen.

Es erinnert mich an meine Anfänge vor 40 Jahren - in Wall Street ausgerechnet - habe jedoch Gerald Loeb's Buch gelesen - "The Battle for Investment Survival".

Ein unvergesslicher quote - if you put all your eggs in one basket - make sure to watch the basket with eagle eyes - Das ist mein Credo!

Bestest

Same sex marriage - like in Elton and David ... Brrrr mir gruselts ...

@ Golden Century & Edel Man

Zwei Kannibalen, die überlegten wen sie zum Abendessen verspeisen ...

Denke, GG hat sich einige Rosinen herausgepickt und der Rest des Festschmauses ist JPM induziert. Haben nun die fettestenn Hedgebücher NA's im Griff - nur kane Wellen und scho' gor kane Margin Calls!

Bin neugierig, wie sie laufende JV's mit Juniors behandeln. CGR, XCL, um nur einige zu nennen kommen mir in den Sinn; Lackmus Test?

Bin immer noch sauer, dass ABX Homestake für Pennies zum $ gekauft hat und dass die 13.5% von August v. Fink zugestimmt haben ...

Frohe Weihnachten -

Tschonko & Eldo

Kommentar von Shawn Kennedy:

Barrick has an intrecept on Miranda's Horse Mountain Window indicating lower
plate gold, announced on Friday by Miranda (MAD). The MAD ground is on th
eastern flank of the Horse Mountain Window.

X-Cal's ground is located on the western and northern flanks of the
window.(see X-Cal Dec 20 release @ http://www.x-cal.com).

Best
Shawn

Ich denke auch dass das Sleeper Projekt noch erhebliches Potential hat. Einige interessante Entwicklungen sind hier in Kürze zu erwarten. Problem ist wie man NWS wieder los wird - doch daran wird gearbeitet.

Seasons greetings

Langsam wirst Du etwas langweilig.

Geh mit Gott - aber bitte geh - loss mi anglahnt!

Wiad scho a weng fad, oda, Oida?

Wirst es no daworten kenna, dass de Richterin Recht spricht. Und wenn des net so isch kemma jo imma no in de Berufung geh - oda?

Oba bitte vaschon mi mit Deine Aussogn - die gegan ma eppa sho am Nerv.

Waunst manst kaf da no a Packel von den Aqi's, de san allemoil no wos wert; Umasunst tätens net anderswo Inveschtirn, oda, Oida!?!

Na Servas und Felize Navidad!

May you live in interesting times ...
(frr) Dec 16, 11:23

... may be a Chinese curse or a blessing.

The PM markets selling off from way overbought are now either seen as a blow off top (McLellan) or a healthy correction (Dr. R. Appel).

While I may see merit in both approaches - it does seem to me that Mac has got carried away with his own TA obsession - no fundamental reasoning should ever breach my conclusions.

Appel, on the other hand -OK, I do know about the one handed economists, but the I've met Kurt Richebächer 35 years ago - looks at it much more focused. He sees the underlying uptrend, supported by fundamental reasoning, which may term this gold bull as being just coming out of its infancy.

I, would subscribe to Dr. Appel's thesis that this is a generational bull(ion) market for PM's.

The real battle is hidden behind the scenes. And that -
in my view - may become as important as the Tsy has gone from Gold in the vault - to deep storage. The implications are as vast, scary and telling. There is not enough left to uphold the fiat system ... for ever ...

Still, I'm not a true bullion only guy, as I've greatly enhanced my stash by playing the mining game. Just look at Rob McEwens efforts to put together a meaningful property position on the battle Mountain (Cortez-) Trend. A winning proposition, as the guy's flexibility (and funds)is his real asset vs. the giant immobile - not saying beaurocratic - majors.

Way to go! Whereever we are in this super bull - I feel we are at best getting towards adolescense - and we'll have tons of time to count our blessings in years to come.

Don't be left behind by getting thrown off by this raging bull - even he deserves some time to catch his breath - and ride it as long as the fundamentals, and yes l.t. TA suggest.

Thanks
frr

This gold market is emotional enough!

Thanks

http://www.stockwatch.com/swne…&symbol=TNS&news_region=C

Sein Portfolio am Battle Mountain - Cortez Trend wächst weiter.
Denke der Shopping Spree ist noch nicht zu Ende.

Danke für die Chart und auch Die Antworten.

Let's put it this way - Gold hat bisher nur einen Teil des Kaufkraft Verlusts der letzten 25 Jahre einigermassen aufgeholt - um die letzten 5 auzuholen bedarf es wesentlich grösserer Anstrengung.

Immerhin scheint man geflissentlich zu vergessen, dass Inflation ein monetäres Phänomen ist. Nun mit Helicopter Ben wird es kaum besser werden.

Freu mich über den Silber Bop - hab bisher erst einen Teil meiner langen DB AG Optionen vorwärts gerollt, jedoch alle kürzeren verkauft. Mal schauen.

Kann aus moralischen Gründen nur selten, bzw. auszugsweise vom Privateer posten. Schau mal hinein - eine Subscription ist mehr als preiswert - Hab ihn seit 8 Jahren im Abo - und seine bi-weeklies on the big picture are unsurpassed.

Vielen Dank und Grüsse

Nevada Pacific Gold Ltd
Symbol NPG
Shares Issued 55,717,506
Close 2005-12-12 C$ 0.77
Recent Sedar Documents

Nevada Pacific set to drill top plays

2005-12-13 14:57 ET - Street Wire

by Will Purcell

Investors took a sudden interest in David Hottman's Nevada Pacific Gold Ltd. after they discovered the company had a promotable new shareholder. Robert McEwen, the founder of Goldcorp Inc., agreed to buy 12.5 million of Nevada Pacific's 40-cent shares, a $5-million investment. The shares come with 12.5-million warrants, exercisable at 50 cents over a two-year period. Eager investors quickly put the warrants into the money. Nevada Pacific's recently buoyant shares jumped another 21 cents on Friday to close at 80 cents, on just over 3.8 million shares.

Although the arrival of Mr. McEwen as the company's largest shareholder and a director triggered the market's immediate reaction, the result of his investment could prove to be the real story. Nevada Pacific will now mount a big drill program on a few of its key plays in Nevada, according to Mr. Hottman, the company's chief executive officer.

The cash

The big private placement will not formally close until early next year, but Mr. Hottman said the first tranche of the transaction should close this week, covering 6.9 million of the units. The sale of the remaining 5.9 million units needs shareholder approval, which will come in late January. That approval seems certain, if the enthusiasm of Mr. Hottman and the market's quick reaction are any hint of the mood of Nevada Pacific's other shareholders.

With $5-million all but in the bank and a good chance at another $6.25-million from the exercise of the warrants, Nevada Pacific suddenly has an ample supply of cash. The company will put the money to good use, Mr. Hottman said, adding the plan would be to "drill, drill, drill, make a discovery and build a company around it."

Nevada Pacific has several active projects, including a modest producing mine in Mexico, but a series of properties in Nevada are what intrigued Mr. McEwen. Nevada Pacific began poking about in the southwestern corner of the United States about nine years ago, and the company picked up several properties that offer shots at yielding large gold deposits.

Mr. Hottman enthusiastically touts his Nevada portfolio as "unrivalled amongst junior companies," a claim common with companies with patches of ground in any hot area. A more realistic spin would suggest that the holdings of several key gold majors dwarf Nevada Pacific's playbook. Still, the promotional appeal of Mr. McEwen gives the junior something to crow about.

Two of Nevada Pacific's projects should be the first beneficiaries of the new cash. The Cornerstone project, at the southern end of the Cortez trend in the northern part of Nevada, will probably be the first to see a drill program. Nevada Pacific also has drill permits for two other projects in the state that it can work. Nevada Pacific also has a few projects in a joint venture with Placer Dome Inc. The Keystone play is producing some encouraging results and will see more work, but the gold major is paying the bills.

Nevada Pacific also has a gold and copper play farther to the east in southwestern Utah that could quickly benefit from Mr. McEwen's investment. The Bat Ridge property produced some promotable assays early this year that has Mr. Hottman, and hopefully Mr. McEwen, suitably enthusiastic.

The players

Drilling on the Cornerstone project could start any day, as Nevada Pacific is now waiting for a drill to turn up. Mr. McEwen is likely chomping at the bit as well, as the play could well be the reason for his big share purchase. His U.S. Gold Corp. owns a big property along the Cortez trend in Nevada. That Tonkin Springs project surrounds the Cornerstone property and shares a border with Keystone.

In July, Mr. McEwen bought 11.1 million shares of U.S. Gold for $4-million (U.S.), in a deal that gave him a one-third interest in the company. The purchase was effectively a takeover, as four of the six directors of the company resigned. Mr. McEwen installed his own directors and a month later, he became the chief executive officer and chairman of the company.

U.S. Gold and its Tonkin Springs play languished unnoticed for a few years, but Mr. McEwen's arrival triggered a sudden surge of interest. The company's shares jumped from 40 U.S. cents to more than $2 (U.S.) within days.

A new buying wave in mid-November carried the company' shares to $3.96 (U.S.), as the surging price of gold attracted new interest in the Tonkin Springs property. The play has a resource of over one million ounces of gold identified in a small part of the property.

"It was the McEwen name that made the stock go up 10 times since he purchased an interest in it," Mr. Hottman said. Nevada Pacific's opening promotional blast also touted Mr. McEwen as a key reason for the growth of Goldcorp's market value from $50-million to $7-billion during his tenure.

Not everything touched by Mr. McEwen turns to gold, although his lesser lights occasionally defied gravity for a time. He joined the board of Platinova A/S in 1991. The stock ran from less than 50 cents to a crest of $5.50 in 1994, on the strength of some Greenland mineral hunts. A share cost a lowly dime when he quit the board in 2000.

Mr. McEwen's Lexam Explorations Inc. offered a similar ride, after it went public in 1993 with some properties spun off from Goldcorp. The stock cost just a quarter early in 1994, but it soared to a high of $2.95 in mid-1995, as investors bought into a gold hunt in Canada's North and a developing interest in Nevada.

The gold story sagged, but a diamond hunt in Greenland brought a brief resurgence in 1998. That story petered out as well, leaving Mr. McEwen with another market woofer. It took a few pennies to buy one of Lexam's lowly shares in 2003. A share cost barely a nickel this summer, but interest suddenly picked up. The stock recently traded as high as 68 cents, after Mr. McEwen bought a big stake in the company.

Curiously, Mr. Hottman had a potential deal with U.S. Gold earlier this year, but without Mr. McEwen's name the potential arrangement was a tough tout. Nevada Pacific negotiated terms for a merger of the two companies this spring, but the potential deal apparently fell apart after a few Vancouver brokerage firms shunned a possible financing associated with the deal. "If we had merged with them, the stock would have gone down," Mr. Hottman said. He probably was right, since Nevada Pacific's shares suffered a 50-per-cent hit over the summer and fall anyway.

The drill candidates

Cornerstone could have a drill turning any day, although the program will have to wait until after Christmas if Mr. Hoffman fails to pry a drill loose soon. The play covers about 900 hectares of ground just north of U.S. Gold's 1.4-million-ounce resource at Tonkin Springs, and that proximity remains the key selling point of Nevada Pacific's play.

The company does have some gold assays of its own. The values are generally modest, although Mr. Hottman touts a high-grade discovery in one of the company's trenches. That first trench produced 0.95 gram of gold per tonne over a 50-metre section, but the big news was a three-metre stretch at the eastern end that delivered an assay of 10.9 grams of gold per tonne.

A drill hole at the eastern end of the trench encountered a 20-metre zone with an average gold content of about 0.8 gram per tonne. Two other holes in the same area produced intriguing gold values, as well as other minerals that accompanied finds in the Carlin area to the northeast.

Mr. Hottman said the drill holes penetrated what he thought was a mineralized halo surrounding what would prove to be a higher-grade main zone below it. Finding that richer main zone that produced the 10-gram assay will be the focus of the new drill program.

The company's trenching, mapping and geochemical work suggests the higher-grade zone runs from north to south, and an angled hole probing the area below the one promotable assay could prove a good test of the theory. The assays from that hole should be available shortly and some higher values would get the new drill program off to a rousing start.

The Bat Ridge project could see drilling as well. Nevada Pacific collected 92 samples across about 250 hectares, and many of the tests produced intriguing copper, silver and gold values. In the 1960s, a drill hole delivered 3.8 grams of gold, 95 grams of silver and a copper content of 3.4 per cent across an 11-metre interval. Another hole managed 12.2 grams of gold and a copper content of 2.3 per cent.

Nevada Pacific should also have a stream of news from the projects that Placer Dome is working under terms of option deals. The partners just finished a drill program on Keystone, which is just a few kilometres west of Cornerstone.

Nevada Pacific gave up three cents Monday, closing at 77 cents on 1.47 million shares.

... CGR has had a head start and will go ahead whistling ...

Thanks

TT -Driver -

Marc Henderson ist bestenfalls ein Waisenknabe, wie Du richtig bemerkt hast - immerhin hat er seinen Vater mit Litigations umgebracht - aber bei Gott kein Weiser und schon gar nicht ein mann von Ehre.

Diesen "Präzedenzfall" bin ich bereit jederzeit anzutreten und bin überzeugt den Wahreheitsbeweis vorlegen zu können.

Im Übrigen ist es mir "Wurst" was Du zu denken gedenkst, da es klar wird woher Du kommst.

Nimms mir nicht allzu übel - obwohl auch das ziemlich "wurst" ist - Deine Überzeugung in Un-Ehren ... Go figure - wollte es eigentlich anders ausdrücken!!

frr