Beiträge von Eldorado

:DBob Pisani sagt gerade auf CNBC:

All and everybody is bearisch,... and that's goooooooooood !!!!

@Linar..hier ist es heisser als in Spanien
Der Volcano spuckt heute gewaltig.

Schon gewusst ?
Greenspan (Mr.Put) hat frueher den Funds und Banken still und heimlich garantiert nicht zu fallen. Der Markt heute hat Angst das Bernake dies Puts oder Kissen nicht bietet und hat nun Angst.
Bei einer Umfrage von was oder wem hat man Angst,kam als Gewinner mit 65% Ben Bernanke raus vor Hurricans, Birdflu, Iraq/Iran .etc.

The big bang !...nich ben.

XEX

Lenz

Ich stimme Dir zum grossen Teil zu,auch ich habe Buecher von David Icke gelesen die man als Humbug oder ansieht je nachdem wie man die Welt sieht. Als Otto-nomal Buerger kann man nichts dagegen machen ausser hoffen und sich ein paar Goldmuenzen fuer Notsituationen zu besitzen.

Wir bekommen sicher eine Weltwirtschaftskrise und das Fiat System bricht zusammen.
Wie es weiter geht, ich weiss es nicht.

Und zu den news des Tages macht GS headlines, profit ist up, die Aktie steigte wie ein Wunder fast ungeschadet .

Wer in Goldman Sachs investier hat faehrt anscheinend ganz gut.
Die Gegenteilaktie von einer Goldaktie, Choose Goldman or Gold.

Die Illuminata Aktie sozusagen, die Bilderberger's jubeln heute wieder.

Kann sein wir bekommen alle noch einen RIF chip ans Ohr und eine Karte mit der man wirklich frei und sicher ist als Mensch.

Und das in einer Welt von Hampelmaennern, koenne die uns alles andrehen, schon heute wenn sie wollten.

Die Medien , Politiker, Banken, gehoeren eh schon den Lumis, wir sind fuer die nur die Lemmis.

Bush ist schon in Iraq seit langen wieder, er zeigt damit das er Iraq weiterhin unterstuetzt das sie fuer ihn auch sein strategisches Oil rausholen und endlich befreit sind wie wir schon sind, von unserer Kohle und Goldmuenzen.

Die Amis brauchen uns gar nicht mehr sagen wie viel sie drucken, soweit sind wir schon.
Die haben zwei Waffen, eine B52 und eine Druckmaschine und eine grosse Schnauze.

Ok....ich beruhige mich nun.
Just joking ! ..here comes the bell

Another Hollywood Show, starring Ben as Conan.

Cheers

XEX

Saccard

Thanx, ich kriege erst Probleme wenn es ueber mehere Monate geht.
Bis zum 22.Juni habe ich bestimmt noch Luft, selbst wenn die Counter Rally erst im August beginnt.....
Mich wuerde es nicht wundern wenn bis Freitag Gold wieder ueber 610 USD/HUI 300 ist.
Diese Woche hauen die alles rein was geht und machen jede Panik die zur Verfuegung steht. CNBC bestimmt nun die Kurse.
Die haben ja die Cristallball vom PPT und lesen dementsprechend. Ein mutiger Gast/Analyst sagte denen heute ""I think you work for Comex here"".
Heute der Haertetest bei den Aktien,wird sicher interessant zu sehen was der HUI macht nach dem Stoss von der BOJ und BOE.
Dann noch die Crimexbande um drei dann haben die Schweine heute alles abgefeuert......

Politik, ein endloses Thema, die lassen wir am besten raus.
Hurricans, Bernanke, Chicken Flu, Stockmarket Crash, genuegt doch.
War klar das ein allgemeiner Crash auf den Maerkten die PM's runterziehen.
In der Vergangenheit drehte dann der PoG und HUI, auf das warte ich bei/nach dieser Auswascherei des PPT.
Die CPI und PPI Zahlen werden den Markt irgendwie bewegen, vergesst nicht noch ist Vollmond, da drehen viele durch.
Fuer mich ist das alles manipuliert, ein Hurrican (Alberto) kommt auf Florida, vielleicht geht der Oilpreis damit auch weiter runter.
Liquidity Problems ??.... die habe ich auch.
Die abgezogene Kohle steht irgenwo bereit und wird demnaechst irgendwo gross eingesetzt..... In T-Bonds ?
Mich freut mal eines, die Amis bekamen von den Tschechen ein 3:0, die erste Abreibung.

Back to Gold and Shares:

Ist 265 HUI der Boden ?, das meint jedenfalls Saville:

We continue to think that 280 is the most likely level for an intermediate-term price low. The HUI traded as low as 286 on Thursday, so it's possible that a low is already in place. If so then the low has been put in place a few weeks earlier than originally expected. There's a good chance that last week's low will be tested over the coming 2 weeks, but the short-term reward now appears to be significantly greater than the short-term risk.

Adding weight to the idea that an intermediate-term price low might already be in place is the fact that the cumulative net cash flow into the Rydex Precious Metals Fund has just dropped to near its lowest levels of the past 2.5 years (see chart below). This demonstrates remarkable disinterest in gold/silver stocks on the part of the investing public and this, in turn, suggests that most of the weak hands have been chased out of the market by the recent correction.

http://www.321gold.com/editorials/saville/saville061306.html

Selten ein Nachteil ohne Vorteil, Saccard.
Dachte du hast 80% USD Kriegsanleihen, nun auf einmal Austrian Bonds ?..da freut sich die Regierung.
Von Finanzen versteht man dort eben etwas.

Nun gibt es wieder Einsteiger und Wiedereinsteiger Preise, ist das nicht schoen ?
Fuer Aussteiger zu spaet. IMO
Wenn das so weiter geht ist der Boden bald bei 500 USD,ob man dann kaufen soll ?
Scheiss Alzheimer, ich habs schon wieder vergessen wo der Boden/Bond ist.

Bungee Jumping,mit oder ohne Seil.

Unter den Umstaenden schreibe ich weiter:

Aufpassen Saccard, Tschonko und ich sind Oesterreicher.
Sage das doch bitte ganz laut wenn du in Oesterreich bist.
Nicht verallgemeinen bitte, was ist los?

Brrrrr .. zitterst du nun mit deinen T-Bonds die du zu teueren Dollar mit Euro gekauft hast und weniger Euros bekommst wenn du sie verkaufst.

In wenigen Jahren sind die alle Junk Bonds und Gold steht bei 2000 Fiat Dollars.

Heute ist es wieder lustig hier, die Spannung steigt pro minute.

Nix fuer ungut ;)...kauf mal weiter Klopapier von den Mullah, siehe unten and...

Be happy !!!!!!

XEX

Welche Biene bevorzugt ihr ?

Hmmm, Ich steh auf Gammon

Hallo Saccard

Richtig !

"" Nur eine Meinung hinter der man auch finanziell steht ist wirklich aussagekräftig.""

Ich habe keine 80% meines Vermögens in US$-Anleihen.
Dazu wird es nie kommen Saccard, egal was der Dollar nun macht.
In der Situation den Zug zu wechseln waere falsch fuer mich.
Ich habe soviel Rueckgrad und weiss time is on my side.
Ich wuensche Dir jedenfalls viel Glueck beim einkaufen mit deinen restlichen 16% Cash.

Mein Blick in die Zukunft?

Die Meinung von Enrico Orlandini, "One Possible Road Map!" , siehe oben das posting von 1 Uhr frueh.
Momentan erleben wie die groesste Propagandamaschine und Angriff vom US Government und Gold Cartel.
Heute sprach auch das Schlitzohr Soros negativ, der aber dann von unten dann einkaufen geht wenn alle Lemminge erledigt sind.

So laueft es ab ! IMO

.....The Gold Train was only resting, dropping off "infidels" and taking onboard "new converts" instead.
The quality of the passengers on the bull locomotive improved.
They sensed a worldwide monetary revolution among officials, revulsion by bankers, and a reversion to real money in lieu of garbage toilet paper currency.
My belief is that the inauguration of Ben Bernanke is far more significant than recognized to date.
My guess is the USGovt has taken, relieved, absolved, and assumed their gold short positions and risk, all for the greater good.
Now the individual banks can open new, clean, fresh pristine accounts free to profit from the gold bull market.................

Man redet Preise/Maerkte runter wie man es braucht und verbreitet Angst die zur Panik fuehrt ohne auf den eigentlichen Supply/Demand zu schauen.
..... Oh its so easy !...please save yourself, buy Dollars and T-Bonds.

Dein Blick in die Zukunft ?$$$$$$$

HUI Boden bei 290 (wie von mir schonmal vermutet), bei 260/270 mit SKS hoch bis ca. 340 und dann wieder runter (evtl. gar bis 200, 200 dma bei 220) oder gleich kräftig runter in einer Art crash?

Na Servus, bei mir ist die 200dma bei HUI 270 auf der Chart.
Bin gespannt wann deine Prognosen auf HUI 180 geht.
Die PM's werden in den naechsten Tagen den grossen Test erleben.
Bin gespannt wie viele von den letzten Goldbugs ihre Aktien hinschmeissen werden und endgueltig kapitulieren.

Bei mir nur ueber meine Leiche !

Anyway, its all yours now......

Gruss

XEX

Ulfur, einen Sniper schiesst man vom Baum, du kennst mich ja.
Ich kenne solche Aussteiger wie Sidha und weiss wie man die am besten anspricht.
Die glauben wenn in der Nachbarschaft ein alter Hindu Tempel ist haben sie nun den grossen Durchblick und Erleuchtung.
So, jetzt lasse ich Euch alleine,bin gespannt wer sich noch einschleicht und das Forum sowie deren Mitglieder in den Dreck ziehen will.
Alles gute und herzlichen Gruss and die Mitglieder die keine Beschwerden haben was mich und meine Mitarbeit hier betrifft.

XEX

sidha

Rueckenprobleme ?
Gleich bekommst du deine Massage......
Deine Frust kannst du wo anders abladen,ich kann da nichts dafuer das Gold bei 592 USD ist.
Hast du dein ganzes Gold heut Nacht verkauft ? , das selling kam von Asia.

Was redest du eigentlich fuer einen Bali Wasserbueffelmist.
Ich bin am Ende ??... etc, etc.
Kauf dir eine Brille und lese mal richtig, Zeit hast du ja genug in Bali.
Ich habe gesagt falls der Silberpreis bis Mai 2008 nicht auf 13 Dollar steht dann schmeisse ich alle Calls so oder so hin.
Da ist wohl genuegen Zeit bis dort hin, Oder ?
Ich bin optimistisch., zeige mir wo ich hier zum verkaufen oder zu kapitulieren aufgerufen habe bevor du den Mund aufmachst.

Ich verunsichere hier niemanden und kaufe die ganze Zeit,genauso wie heute wo ich meine Goldcalls aufstocken werde.
Diese Korrektur sollte am 22 Juni vorbei sein, IMO
Die Artikel die ich reinlege machen mir jedenfalls Sinn, mehr Sinn als zu sagen lasst Euch massieren und legt Euch auf den Strand.
Hock dich vor deine Huette und hoer Dir die Glocken im Wind an aber bloede anreden lasse ich mich nicht von einem Aussteiger der sich mit ein paar Goldmuenzen spielt und Karma- Karma murbelt und keine PM Aktien hat.

Ich persoenlich lese gerne Analysten die ich kenne aber was du nun schreibst als selbstgegossener Guru von Bali ist wohl eine Frechheit.
Mit einen Troll wie dich unterhalte ich mich in der Zukunft nicht mehr.

Go and FYF on the beach von mir aus,ich mache was anderes....
Ich geh weiter einkaufen bei den manipulieren elektronischen Zahlen die sie uns zeigen und lasse mich nicht so schnell abwerfen.

Super zieh dich zurueck unter eine Palme falls du eine findest, ich wollte das gestern schon tun, ich lasse mir jedenfalls keinen Dreck hinterherschmeissen beim rausgehen und antworte Dir Dubur- Kata Benda, zu deinen .....Abschied.

.....Den Stunk den du hier machst kannst du in einer Bar in Kuta machen von mir aus.

Le Metropole Members,

Enrico Orlandini has served commentary at The Hemingway
Table entitled, "One Possible Road Map!"

Back in early May, I told investors that the DJIA would
not, better yet, could not make a new all-time high. This
was a follow-up to an earlier missive entitled "This Time
I'm Right" in which I discussed the ominous signs presented
by the financial markets at that particular moment.
Furthermore I stated that no one before had ever been able
to turn a primary Bear Market into a new Bull Market, and
the Bernanke led Federal Reserve Bank wouldn't be the first."

In conclusion, Mr. Greenspan conspired with all the other major Central Banks to try and do something that has never been done before, i.e., change the primary trend of a major market from bearish to bullish. Trillions upon trillions of dollars, yen, euros, etc., were printed in an effort to bury the bear, and they failed. It was in the other countries interests to do this so they went along with the scheme. After all, someone had to buy their goods. Now it's in their interest to stop, and that is precisely what they are doing. By raising rates, they are making their foreign currencies and bonds more appealing than the U.S. junk bonds. As a result, Bernanke will have to keep on raising rates and printing money to buy his own junk paper. Countries like China and India are awash in dollars, and will use those very dollars to buy infrastructure and commodities. The end goal is to create internal demand that can replace fading demand from a U.S. consumer strong out on way too much debt. The savings rate in China exceeds 30% and, given the fact that there are almost two billion Chinese, it wouldn't take much spending to drive the economy. It is a race against time and I have the feeling that the clock is going to win. That helps to explain the relentless rise in commodities like copper, zinc oxide, and iron oxide as well as the surprising resurgence in oil. They are also using those useless dollars to buy gold and silver. China has long since recognized gold for what it really is, i.e., a true store of wealth.

http://www.321gold.com/editori…dini/orlandini061306.html

So far Enrico has been right this time.

With respect to the DJIA, we are thirty-three days off the high and I expect the decline to continue for another twelve days.

That’s June 22nd to be exact and 45 days from the high and 135 days from the last low. The closest level of support comes in at 10,836 and then 10,652. After that there is nothing until 10,303. My bet for a low on the 22nd would be at or close to 10,300. There may be a two or three day counter trend move along the way, and if that does happen, we have good resistance at 11,002, 11,167, and 11,227.

The real question is how will it all end?
I believe the DJIA will make some sort of ¨bottom¨ on the 22nd of June and then begin a rally.
This rally will be very important. If I’m right, and the top is in, we should stop below the latest high of 11,700. Actually, I suspect that we’ll stop somewhere around the 50% retracement from our low, whatever it will be, and the previous high mentioned above. For example, suppose we bottom at 10,300. That would be a decline of 1,400 points and a 50% retracement would amount to a 700 point rally, i.e., back to 11,000.
How long will the rally last?... My best guess would be 23 days.
That’s half of the current decline, assuming it lasts 45 days, and would be a sign of weakness. And that’s when the problems will begin.

The decline that follows this projected rally will be quite vicious and, at the very least, test the 2002 lows of 7,200. Personally I believe that we’ll make new temporary lows somewhere in the 6,600 area, and maybe even lower. Sooner or later the market has to find “value”. Stocks were selling for more than 20 times earning at 11,700 and paying less than a 2% dividend. In order for value to be found in the market place, we need to see a PER of 10 or less along with a 6% dividend. Since the pendulum usually over swings in both directions, I wouldn’t be surprised to see a PER as low as 5 or 6 when the bear finally takes its last breath. My target for a bear market low is actually Dow 3,000!

What will our world be like with a DJIA at 3,000? A lot different than it is today! There will be a lot of victims and that will include what’s left of the US’s industrial base. As their market cap disappears, companies like GM will disappear along with it.
The standard of living for the average American will take a real beating. Personal bankruptcies and defaults on mortgage payments will be the norm rather than the exception.

I suspect that the average American will express his or her displeasure in the form of demonstrations and general civil unrest.
All of these adjustments will lead to dramatic social, economic, and political changes. The initial response will be the band-aide approach, but eventually radical surgery will be the only viable choice. It won’t be a pretty sight. Finally, it is worth mentioning that the damage is not confined to the shores of the United States; the TOPIX, Aussie, and FTSE to name a few all demonstrate a price movement similar to what was illustrated above in the DJIA. We are going to see a world wide search for value. Ominous to say the least!

would like to close with a quote from my last article. The ‘rescue package’ that the Federal Reserve launched in 2002 was done so in cooperation with the European and Asian central banks and required the creation of here-to-for unimagined amounts of liquidity.
Together the central banks of the world literally flooded the market place with liquidity. Japan alone printed twenty-seven trillion yen. At the time, Japan was in the grips of a long deflation and Europe was worried about the possibility of entering a deflationary period. Today nothing could be further from the truth as both Europe and Asia are now engaged in a restrictive monetary policy with an eye on possible inflation. Currently no one else out side the U.S. has the slightest interest in bellying up to the liquidity bar for another round of printing press mania. That leaves the United States all alone and faced with some grim alternatives. As I see it the U.S. can either:

§ do the right thing by cutting debt and spending while raising taxes and thereby sending the country into a Depression, or

§ It can print money until hell freezes over, and since the debt is denominated in U.S. dollars, the debt in real terms will decrease with the value of the dollar.

Politicians never do the right thing (it must be genetic) so that only leaves us with door number two.
The latter policy should lead to inflation, if not hyperinflation, and will most likely produce a dollar crisis before the end of 2007. That will be bad for all things American.

As the damage mounts, new figures will arise in the political arena. That’s happening now in Latin America with Venezuela’s Hugo Chavez. The same thing will happen in Europe. These individuals will tend to espouse nationalism and make promises that appease the masses. This happened in 1930 with devastating results and I suspect that history will repeat itself. Given the types of weapons that exist today, that’s not a pleasant thought. No one “knows” how this will all end, but I suspect that it will end just the way it did in the late 30’s, and countless times before. Hopefully I am wrong.

If we are lucky, the bleeding will stop with a decline in the financial markets, but given the political turmoil I see in Europe and Latin America, it wouldn’t take much to bring about complete chaos.

Enrico Orlandini

Fasten your seatbelts......enjoy while you can, alles Gute , Gruss Eldo 8).

June 12, 2006

All explained, listen to him, scam exposed !.... Bastards !

Economic Analyst Jim Wille reviews the latest adjustment in the precious metals market. (specially silver)

Shocking how they trick'ed us,its worth to listen guys.

The recent IMF, BIS, Gold Cartel bullion dealers, Treasury, Fed, Bank of England meetings had to be about some technicality-based way to secure enough gold to bring the price back down.
As we are all aware of by now, via a US Senator from the far west, Washington ORDERED the gold price down, and down we went.”

“With the gold market making a new low for the move and the Dollar remaining strong for most of the session it was not surprising to see gold trade most of the session in negative territory. With Iran seemingly accepting some of the incentives offer up by the EU we suspect that gold was seeing some liquidation off a tempering of geopolitical concerns. It is also possible that hints from the US Fed that more US interest rate hikes are potentially necessary served to undermine gold. With higher US interest rates thought to be capable of limiting growth and in turn supporting the US Dollar the gold market was basically hit with a double negative. While the Press also carried some rather bullish long term price projections for gold, the trade simply wasn't in a mood to bid up prices on Monday.

...........

Jim sounds great,makes sense to me, he's funny too, I think I subcribe soon.

Hear this:

http://www.freemarketnews.com/eRadioLaunch.asp?rid=662

Here is his website,take a look.

He wrote on 31st. May:

The Gold Train was only resting, dropping off "infidels" and taking onboard "new converts" instead.
The quality of the passengers on the bull locomotive improved.
They sensed a worldwide monetary revolution among officials, revulsion by bankers, and a reversion to real money in lieu of garbage toilet paper currency.
My belief is that the inauguration of Ben Bernanke is far more significant than recognized to date.

My guess is the USGovt has taken, relieved, absolved, and assumed their gold short positions and risk, all for the greater good.
Now the individual banks can open new, clean, fresh pristine accounts free to profit from the gold bull market.

Silver Default Looming?

By: Theodore Butler

In last week’s article, "Proving the Silver Manipulation Again," I highlighted the growing and extremely large concentrated position of the largest short traders (compared to the largest long traders) on the COMEX silver market. I based all my analysis on source data contained in the Commitment of Traders Report (COT) as of May 30, 2006. My intent was to show how the evidence constituted reasonable grounds for an immediate investigation into possible manipulation. I directed this information to the new chairmen of the Commodity Futures Trading Commission (CFTC) and the NYMEX/COMEX, as did many of you, with the expectation that they would explain and/or rectify the situation.
Of the 187 million ounces held short by the four or less traders, I am now convinced, from studying the data, that anywhere from 100 to 125 million is held by just one trader. It is looking more likely that this could be a rogue trader, selling more in order to buy time, although he’s probably already in too deep. The other dealers are realizing this and they are moving to buy back their short positions and going long, leaving new selling solely to the big short. Recent history is replete with examples of this type of behavior. For instance, rogue traders from the Peoples Republic of China have emerged in both oil and copper in the past couple of years. Why not silver? While I certainly wouldn’t be surprised if it turns out to be a rogue trader from the PROC behind the concentrated silver short selling, the who is not important. What is most important to the market is that rogue traders eventually default, and the default causes chaos

.... (.which will come soon) IMO

http://news.silverseek.com/TedButler/1150143488.php

....The Cabals may also use Barcley's Bank Silver ETF's (SLV) as a tool.
They buy or borrow the ETF's and sell it as physical.
How it works, Jim will explain.

"" While Silver IShares total net assets fell to $768 million last week, ounces of silver held by the trust
mostly held steady at 66.9 million ounces into the close last Friday. "".... I think its a fraud, I don't touch it, maybe silver paper,no bars.

http://news.silverseek.com/COT/1149882192.php

http://goldenjackass.com/

Mass (PPT) psychology always plays a major role in the rise and fall of commodities, indexes, currencies and other investment areas.

""Kein Grund zur Beunruhigung. Nachkaufen, solange man kann.""

From Julian D.W. Phillips of http://www.goldforecaster.com:

"The gold market is in the process of completing its consolidation process, however there is still room for another dip to below $600, as buyers stand quietly on the sidelines waiting for the right price. One notable feature of the fall from the peak gold price of late, has been the dominance of the funds as sellers.
They have lowered their net speculative positions to close to the lows of the past few years, leading us to believe the selling will soon be exhausted.
Little selling has taken place from other quarters. Indeed demand appears to be growing tacitly on the sidelines. With little to no real change in the fundamentals that are really driving the gold price, a solid turn in the price could well prove strong and probably sudden."

They still figure out where the bottom is.
Bernanke talks three times this week. ;(...

Gold ?..... Best to "go away" . .

I'll do that, so long.

XEX

http://www.321gold.com/editorials/russell/russell061206.html

KGV hin, KGV her, ich fasste wieder zu bei 10.97 USD Silbercalls 5/08 13 USD.

Wenn die nicht kommen bis Ende 2006 dann schmeiss ich den Scheiss hin.

F...it !... I keep on buying,let others pee in their pants.

XEX

Bitte schreibt doch Eure sonnige Meinungen in den Solar thread,dort wird diskutiert.

http://goldseitenforum.de/thread.php?postid=99538#post99538

Danke, over and out.

XEX

Größerer Humbug ....Kautabak !

del

By: Dr. Clive Roffey, Gold Action
-- Posted Sunday, 11 June 2006

Interest rates around the world have been hiked. This is the being heralded by the bankers as the new panacea to cure all inflation worries. Forget about it. Although the metal prices are having a breather they are still in major long term bull trends and will continue to cause inflationary scenarios. The interest rate hikes have merely put the cap on all the leading global equity markets. How long have I been detailing the huge sell divergences that have existed for at least the past year on all major global indexes?
Global equity indexes have been topping out for a long time and displaying all the characteristics of a serious trend reversal into a bear market. The Dow has had the most dominant display of negativity with its seven year potential double top pattern. The downside crash of the past couple of weeks has been on the cards for some time, so I am not fazed by the sudden collapse. As far as I am concerned 100 point moves will now become the downside norm for the Dow. The volatility of the past has ended as the new bear trend emerges. This is a market that has stopped the three steps forward and two steps backward jive. It has moved into a protracted long term bear TREND. Trends have direction and momentum. We have entered a new trend in both direction and momentum. Get used to serious downside falls with sharp rallies. This as far as I am concerned is the new direction and pattern.

Metals on the other hand are merely taking a breather inside an ongoing long term bull trend. Whereas all the global general equity markets have for the past year been exhibiting serious sell divergences there are no similar divergences on the metal charts. The oscillators on these charts have reflected the new highs and this indicates the metals are in stable long term bull trends. In the short term the metal prices were overbought as I have previously indicated. But this is a relatively minor correction in an ongoing resources bull trend. This is not, in my analysis, a major metal price topping out.

I must continue to rate the current price levels as serious buying areas for both metal traders and investors in their shares. The gold price in particular has mapped out a falling wedge that will lead to a huge upside catapult once the current shakeout has ended

http://news.goldseek.com/GoldAction/1150074000.php

DEL

GOLD, SILVER, PLATINUM, PALADIUM AND DIAMONDS

Now that gold has sold off $100 Swiss bankers say funds and investors are allocating 20% of their commodity portfolios to precious metals. Dealers are watching Russia, the Middle East, India and China line up to buy so they are joining them.

In South Africa, the Marxist ANC government has produced an early draft of a bill on increased royalty charges, of between 1% and 8% of “gross revenue” on mined minerals. The diamond industry, the hardest hit on the top end of the range, has said the extra charges will result in thousands of job losses and mine closures. This law should close 1/3 of mines and discourage further mining formation.

Gold mining companies have a special tax dispensation, which sees taxes rising as high as 42% in a high gold price environment, against a general company tax across other industries of 29%. Add 42% and 6% and you have 48% that is an industry and development killer...

We wrote about two months ago about Iran buying gold at any price, well they are still doing so. Starting nine months ago they began a secret repatriation of their international currency reserve. Gold shipments last October and November of 25 tons arrived in Iran from Zurich. In January, Credit Suisse announced they would no longer accept new business from Iran and Syria. Iran had wanted to ship 700 tons of gold, but instead opted to send the money to Russia and Middle East banks. We don’t know for sure, but we believe most of their dollar balances at least ended up in gold. There are also rumors that an Islamic group of pro-Iranian Shiites in Iraq looted the Iraqi central bank and one of Saddam Hussein’s places after the US invasion and made off with 200 tons of gold. It is said that gold was sold in Pakistan and Azerbaijan...

It is rare that a gold market would fall 15.3%. The second worst fall was in April 1978, which was 15.3%. After the fall in April 1978, gold rose 500% in the following 21 months. That probably will happen again taking gold to $3,000...

http://news.goldseek.com/Inter…Forecaster/1150071244.php