Beiträge von Eldorado

Value das ganze fing an im Dies und Das mit den Thread Saubande.
Wer die Saubande ist wissen wir nun, ein Schwein ist zwar Hochintelligent aber die Avatare stehlen hatten eine Gehirnoperation und daher keine Ideen mehr eigene zu finden.

kurz und buendig....

Berrak

So auf die schnelle, ich finde nach wie vor preiswert:

Mehr ein Silberstock bis auf SWG der ein Elefant ist.

ABI.V
AAG.V
APE.V
IMR.V
MAI.V
ORM.V
FSR.TO
SWG.TO

Schau sie Dir an und lege sie zumindest auf den Radar.
Das Risiko ist dort gering, man kann sagen sie exploren noch.

Enter at your own risk

Gruss

Eldo

Edel, da gab es schon immer Stunk, die UN muss dort Kindermaedchen spielen, was will man gross erwarten, das ist Afrika und wer immer die Regierung ist wird natuerlich Nevsun unterstuetzen das Gold in ihre Tasche indirekt zu liefern.

Da laeut alles wie geschmiert, besonders in den Kontinent.

Role of gold as a safe haven becomes stronger by the day

Special to Gulf News

Going by the pronouncements of Governor Sultan Bin Nasser Al Suwaidi, the UAE Central Bank has been waiting for more than a year to buy gold at favourable prices to build up its reserves.

The Central Bank approach to gold, according to him, was one of a shrewd trader: buying low and selling high. While there is nothing wrong with the approach, it looks increasingly doubtful that the UAE regulator would get a chance to execute its plan any time in the near future.

For, ever since the Central Bank made its intention of getting back into the market known, gold prices have been on the upswing. Not because the UAE plan has made a difference to the market, but because of gold's own fundamental reasons.

Today, gold is hovering about 25-year highs and market watchers say all conditions have been fulfilled for a further rally towards the yellow metal's record prices of the 70s.

And the favourable factors include moves by some Asian central banks to acquire more gold stocks from the market, not to trade it for the margins, but to add to their reserves as an insurance against uncertainties; a role that gold has played eminently throughout history.

Rumours

The gold market has been awash with rumours that China may start to diversify its reserves in a big way by adding more gold. China already holds 600 tonnes. Similarly, the Russian central bank recently announced it plans to double its gold reserves. Central banks in South Africa, Iran, Argentina and Venezuela have also been mentioned as probable buyers.

World gold reserves total about 31,000 tonnes, but the share of gold in the reserves of countries such as China and India is less than 4 per cent while some of the European countries have about 50 per cent of their reserves in gold. The biggest holder of gold bullion is of course the United States, where gold account for 64 per cent of the total reserves.

While holding of gold reserves became less fashionable for some central banks, including that in the UAE in recent times, the role of gold as a hedge against inflation and insecurity is getting more and more reinforced.

But even from a trader's point of view, offloading of the gold reserves by the UAE Central Bank was ill-timed, if nothing else, as things have turned out. The average price of gold when the central bank offloaded half of its holdings in 2003 was $315 (Dh1,157) per ounce; the remaining lot was sold as the price was approaching $400 as the metal breached a seven-year high in the wake of persistent weakness in dollar and other problems with the US economy. Even at that price, the bank could have gained at least Dh50 million more on its holdings, although it can be pointed out that such loss is only notional.

But today gold prices are hovering near $530 per ounce, which means that if the central bank had held on to its gold assets, it would have been worth almost double its value compared to the income earned by offloading it. Gold prices have gained more than 25 per cent this year itself.

On top of this, gold enthusiasts are betting on the metal going back to the historic peaks of $800 plus as it happened in the 1970s. They see a growing institutional disenchantment with financial assets and a preference to more tangible possessions such as gold and real estate.

In the backdrop of a global currency devaluation scenario as well as the move by Gulf countries for a unified currency, total dependence on dollar, or any single currency for that matter, is the subject of keen discussion among economists. They are also drawing the attention of Gulf authorities to the 15 per cent mandatory gold reserves stipulated by the European Central Bank.

With a gold rush currently on, such calls sound much more compelling than ever before.

The writer is a journalist based in the UAE.

Yukon Zinc Corporation Intersects High Grade Silver-Gold-Zinc
in Final Wolverine Drill Holes

Vancouver, BC, December 13, 2005 – Yukon Zinc Corporation (YZC.TSX-V) is pleased to report the final results from Phase 2 of definition diamond drilling activities on the Wolverine Deposit. In total, 11,712.50 meters in 59 NQ and NQ2-sized drill holes were completed in 2005 to increase the confidence level of the grade and distribution of massive sulphide mineralization across the deposit.

The drill holes included in this release are all from the Wolverine Zone (see September 12 and November 9, 2005 news releases for earlier drill results). Assay results and true thickness of intercepts from WV05-186 to WV05-189 are provided in Table 1 with drill collar location information provided in Table 2.

Of particular interest are precious metal-rich intercepts from holes WV05-188 and WV05-189. WV05-188 intersected 4.23 grams per tonne gold and 801.0 grams per tonne silver over 1.3 metres, whereas, WV05-190 intersected 3.26 grams per tonne gold and 561.46 grams per tonne silver over 10.4 metres true thickness. Both these drill holes also intersected high-grade base metal mineralization that included 1.21% copper, 2.21% lead, and 18.81% zinc in WV05-188 and 0.63% copper, 2.72% lead, and 11.98% zinc in WV05-189 over the same intervals.

These precious metal-rich intersections continue to reinforce the high-grade nature of the Wolverine Deposit and the significant content of silver and gold within the known Inferred mineral resource. In 1998, Westmin Resources Limited reported an Inferred geological resource calculation of 6,237,000 tonnes grading 1.33% copper, 1.55% lead, 12.66% zinc, 1.76 g/t gold and 370.9 g/t silver for all of the known mineralization. This resource estimate by Westmin predates National Instrument 43-101 and should therefore be considered an Inferred mineral resource. This mineral resource is currently being re-estimated for the ongoing bankable feasibility study on the Wolverine deposit and results of the new resource estimation will be released upon completion.

Yukon Zinc Corporation has established a sampling and assay control program with blind insertion of assay standards; noting that there is also an internal quality control and quality assurance program in place at ALS Chemex that including blanks, duplicates and standards. Gold and silver analyses are conducted by a 30g fire assay with a gravimetric finish (ALS-Chemex); copper, lead, and zinc analyzes are by aqua-regia digestion with a AAS finish (ALS-Chemex); and selenium is by x-ray diffraction pressed pellet (ALS-Chemex).

The Wolverine Deposit exploration results from the current program are being reviewed by Qualified Person Mr. Jason Dunning, M.Sc., P.Geo., under the meaning of National Instrument 43-101. An updated drill hole location map and other information is available on http://www.yukonzinc.com.

Gmorning Tambok

IAU davon habe ich 200's ein guter Wert. IMO
Lese dich mal rein, vor kurzen auch empfohlen worden von Embry.
So kommst du nun auch auf Silber.

http://www.intrepidminerals.com/home.htm

Have a nice day

IAU.TO ITDXF.PK (INTREPID MINRLS)
http://www.intrepidminerals.com/
scoates@intrepidminerals.com Stephen Coates, Investor Relations (416) 368-4525
49.4 mil shares fully diluted (June 15, 2005, extrapolated from 1Q, 2005, assuming warrants at .80 expired)
@ $.51/share Cdn x .82 US/Cdn = $.42 US
$21 mil MC
$2.9 million cash, 1Q 2005
Company's exposure is about half to gold, half to silver in several projects.

Joint Venture with BHP Billiton focused on "Cannington" style silver deposits using proprietary BHP Billiton data.
(all figures are "exploration potential")
El Salvador - 15 mil oz.
Argentina - 10 mil oz.
605,000 oz gold (240k in El Salvador, 365k in Argentina) At 10:1 ratio, 6 mil oz. silver equiv.
Total: 30 mil oz. silver
Total: 30 mil oz. "silver equiv". (exploration potential or indicated or inferred, not reserves)
$21 mil MC / 30 mil oz. = $.69/oz.
You may get "approx" 10.1 ounces of silver of 1 oz. of silver's worth of stock.

Additional comments: Intrepid Partners Advance Projects and Discover More Gold and Silver
--Aug 18th. (Intrepid and Silvercrest in El Salvador)

More drill results released on March 3, 2004:
Intrepid Intersects 10.3m (34ft) of 70.9 g/t (2 oz/t) Gold and 988 g/t (29 oz/t) Silver at Kamila, Argentina

The stock price exploded, nearly doubling, in response to the news of the above drilling results.

Since this company is about half gold and half silver, the 10:1 ratio really cuts down the "silver equiv" numbers, so keep in mind the "gold bonus" factor here. But it's like that with a lot of the companies on this list, so keep that in mind, and do your own math if you want to use the 70:1 ratio.

Tambok ich habe jetzt so viele Nustars geerbt,weiss gar nicht wohin damit.

Intrepid Minerals Merges With NuStar Mining Corporation
Monday December 12, 8:39 pm ET

http://biz.yahoo.com/ccn/051212/200512120301798001.html?

9:11p ET Monday, December 12, 2005

Dear Friend of GATA and Gold:

Gold market analyst Reginald H. Howe, partner
in Golden Sextant Advisors and consultant to
GATA, has analyzed the sharp reduction in gold
derivatives just reported by the Bank for
International Settlements and has concluded
that central banks now are working to reduce
the gold short positions of their clients, the
bullion banks, thus allowing the gold price to
rise.

December 12 – Gold $528.10 up $1.80 - Silver $8.77 down 21 cents

"Deep Throat", Hung Fat, Dr. No., Jim Sinclair, And The Trapped Gold Cartel

"Hell is truth seen too late"

(Hobbes)

What a night! What a day! It used to be I could write the MIDAS early on because so little would change. Not any more.

I have mentioned a couple of times of late that Café members will need to get used to an entirely new price action routine and market volatility. This is what I was referring to. Gold shot up as much as $14 last evening, was sold off on the Comex as usual, rallied back up to nearly $14 and was then mauled.

The London AM Fix was $537.50. The market went down for the usual Comex opening drill, came up back due to the firm physical market for the PM Fix of $536.50 and then the battered Gold Cartel and other shorts went to work. As has been the case for so many years, they do their damage thing on the paper Comex market, usually after one of the Fixes.

Silver broke first. Houston’s Dan Norcini believes it was unwinding of long silver/short gold spreads, which makes a lot of sense. Silver also has a far different open interest configuration than gold does, as there are many more spec longs percentage-wise than in gold from a recent historical perspective. It is a bit more vulnerable in the very short term.

A highly respected Comex floor gold trader died the other day and half the Comex traders were not present. Many of the bank gold traders were absent also. Not sure how it affected the trading except that volume was much thinner than it would have normally been and probably contributed to today’s wild action and volatility.

The gold open interest fell again, an astonishing 4311 contracts to 336,549 (on the $7 rally Friday), as the heinous/trapped Gold Cartel and allies try to cover some of their shorts. Once again we have more confirmation of the recent MIDAS technical analysis of the gold market.

When you hear of excessive speculation moving the price up, it is an outright fabrication and typical of the nonsense and disinformation emanating from many in the mainstream gold world. If it were the specs moving up the gold price, the open interest would have taken off. That sort of gibberish confirms MIDAS’ long standing comment that gold is the worst reported on, and least understood market, in the history of markets. That is because The Gold Cartel and other so-called experts continue to dish out commentary that is disingenuous at best, and mostly of marginal value.

Observations:

*Gold closed higher for the 8th trading session in a row, and managed to do so with silver in the tank.

*No matter how bullish any market is, it will ebb and flow in the very short-term, like we saw today.

*A market rest could be in order, however, I don’t think it will last long. Perhaps $510 worst case, though hard for me seeing it getting close to that number. Cash market buyers and spec longs out of the market will be all over dips of any decent amount. Market surprises are far more likely to be on the upside for some time, not the downside.

*The Gold Cartel knows the jig is up, however, think of them as a retreating army. They will still counterattack, as it appears they did today, in order to make their retreat more manageable AND to do what they can to trigger the specs to dump so they can cover more shorts.

*They most likely will go after some Japanese specs this evening (spec margins were doubled).

*For my esteemed colleagues who constantly love to link gold with other financial markets: The dollar was hit hard today, falling .90 to 90.31. The DEC euro rose 1.28 to 119.58. Meanwhile, oil rose $1.91 per barrel to $61.30. The CRB SOARED 6.01 to 333.82 and is not far from its many decade high of 337 and change.

*For many, many years the gold market has been nothing more than the Gold Cartel artificially holding down the price many hundreds of dollars per ounce below where it should have been. That scheme is falling apart. Surely, the movement in other financial markets today (like the dollar, oil and CRB) had them nervous, as to how those moves, in conjunction with a soaring gold price, might affect the US bond and stock markets.

*The Gold Cartel’s and other short positions are so enormous, they will have to cover whenever they can, which is why I believe market corrections will be very brief and why we will take out $540 (today’s double top) to the upside fairly soon.

***** The always astute John Brimelow came up with another insightful goodie for us (like he has for so many years). He strongly believes (as I do) there are problems with various option books with certain bullion dealers and companies. Many of the derivatives strategies were put on with the notion gold could never take out $500. This means staggering losses in some cases.

In addition the big no-no for The Gold Cartel and friends is VOLATILITY, which is kicking in. The increasing market volatility increases the option volatilities greatly. It was this sudden huge increase in option volatilities following the dramatic price increase upon the Washington Agreement announcement on September 26, 1999 which caused the BOE chairman Eddie George to say privately, "We were staring at the abyss."

Back then The Gold Cartel could muster enough gold to calm the market down and rescue the building fiasco. They had the central bank gold in those days. Now they are sucking wind with some central banks wanting to build their gold reserves and other central banks wanting their leased gold back.

*Silver the mule remains explosive. It will ROCKET in the near future on its own terms when IT feels like it.

The silver open interest fell 1323 contracts to 138,305.

***

The theme for the past couple of weeks continues. Most of the mainstream gold world remains clueless about what is occurring in the gold market. They are scrambling to come up with reasons for gold soaring like it is. The dollar has done nothing of consequence of late; oil was retreating until today; there are no safe-haven crises propelling investors into gold; bond yields are comatose; and, the US stock market is not far from its highs. All the historical reasons assigned to gold when it rallies are just not present.

Yet, the price of gold is exploding. The answer to what is really happening is the one brought to your attention all last week: The Gold Cartel and other shorts are trapped and a few of them, and their allies, are trying to cover their positions. When a market is in deficit like gold, THAT is impossible to do without driving the price sharply higher.

What is so intriguing is no matter how much GATA pounds away at this explanation, no one else in the mainstream gold world, or on Planet Wall Street, will give it the time of day. Why? Because they cannot bear to admit GATA was right all along, or bear to explain what The Gold Cartel did all these years via their price-suppression scheme.

Since Gold Rush 21, gold has risen more than $100 now in 4 months, while the dollar rose from 87 to over 90 and the price of crude oil fell from $68 per barrel to $60. Did our historic conference trigger this incredible gold rally? I surely think so, yet, we might never know. What is a fact is little else visibly has happened to effect such a move … except our conference with the Russians making a notable appearance.

One more time. Increased gold demand from numerous types of buyers has overwhelmed The Gold Cartel’s ability to manage the price. Yet, the reason for the latest surge has more to do lately with the major shorts trying to get out. I have a fun one in that regard to bring your way and it has to do with a highlight MIDAS brought to your attention months ago. Remember DEEP THROAT. Retro time:

In early March of last year with gold around $423, MIDAS wrote:

In time past, MIDAS has referred to some of these buyers as Dr. No and Hung FAT (borrowed from Jim Sinclair). These kind of gold buyers have been eating the lunch of the crooked Gold Cartel for well over a year and are laughing at them now, for they know where the gold price HAS to go to achieve any kind of equilibrium. Unfortunately, these physical market buyers care little to nothing about the gold shares.

-END-

Gold Crosses the Rhine

By Dan Denning

When Allied soldiers charged the beaches of Normandy on
June 6, 1944, victory seemed very uncertain and, at best,
very distant. Nine months later, the Allies crossed the
Rhine into Germany. Gold's recent charge through $500 an
ounce will lead to a similarly decisive and shocking
victory in the monetary realm.

Last summer, I suggested that the crude oil/gold was
establishing an important low. So far, so good. With gold's
move to $533 an ounce, the ratio has jumped sharply since
summertime. So let's revisit this ratio and consider what
it might imply for oil, gold, and gold stocks.

In late August I observed:

"The age of peak oil has arrived, but its investment and
economic consequences are just beginning to filter down to
the consumer level. Individual standards of living will be
affected as permanently higher energy costs make their way
into your daily life...Oil's move up to $65 and above
signals a bottom in the crude oil/gold ratio.

"That means two things: First, it takes fewer barrels of
oil than ever to buy an ounce of gold. So far, this has
been evidence of oil strength, and not of gold weakness.
Gold futures are in the $450 range as we go to press. The
ratio, then, can't be explained away as gold weakness. The
second thing the ratio indicates is coming gold strength.
This will happen even as oil prices climb higher.

"Obviously, that means gold prices have to climb faster
than oil prices. In the inflationary scenario I describe
below, you'll see just how that happens. If you don't yet
have a position in physical gold or gold stocks, now is the
time to take one.

"Since then, spot gold prices have moved up another 20%.
And oil, despite coming off all-time highs is trading
around $60 a barrel. And if, as I suspect, the gold bull
market will accelerate over the coming months, merger and
acquisition activity in the gold sector will also
accelerate, just like it has in the oil sector.

The oil/ratio bottomed last summer at 6.17, meaning it took
6.17 barrels of oil to buy an ounce of gold. Today—with oil
at $59.94 and gold at $538—the ratio is at 8.9 and
climbing. The good news is, the ratio could double from
here and still have plenty of room to grow.

If the ratio continues to rise, to say, twelve, while the
oil price remains around $60, you'd get a gold price of
$720 an ounce ($60 x 12). But twelve is just an arbitrary
number. The all-time high for the ratio occurred back in
1988, at 33. If the ratio soared that high again, while the
oil price stayed near $60, you'd have gold at around $1,980
per ounce, which sounds about right to me. I don't expect
that to happen tomorrow, however.

Gold will visit $2,000 an ounce sometime over the next few
years, but not while oil languishes at $60 a barrel. Most
likely, both commodities will rally together to some
extent.

The ratio skyrocketed in 1988 because the world was awash
in cheap oil, while gold rallied. In other words, the
ratio was high not because gold was "back" but because oil
was historically cheap.

Today, the situation is entirely different. The age of
cheap oil is over. And it is ending at exactly the same
time that gold is emerging from its two-decade long
slumber. In other words, we're headed to a place where the
oil/gold ratio doesn't make a new high, but where gold and
oil both make new highs in absolute and inflation-adjusted
terms. We're headed to a place where gold hits $2,000 an
ounce and oil hits $100 a barrel, in the process sending
the oil/gold ratio to around 20.

"Nonsense!" you say. "The top is in!"

Maybe, but gold's recent spurt above $500 closely resembles
oil's "breakout" above $40 in the middle of last year. At
that time, most investors believed oil to be putting in a
major top. OPEC, Wall Street and the major oil companies
all considered $30 to be the "normal" price of oil. Few
imagined a world where $60 would become the new "normal"
price of oil. Likewise, most investors seem to consider
gold's latest rally a "fake-out breakout," rather than the
beginnings of an enduring gold rally.

Gold, from both a technical and psychological perspective,
has been engaged in a war of attrition against public
opinion and the belief in the dollar.

The move about $500 is like the Normandy invasion. And
above $525, the July, 1944 break of German lines in
Operation Cobra. This advance turned the war from a
creeping reenactment of World War I into a war of movement
again, the way it had begun with the German blitzkrieg of
France.

Only this time it was American and British tanks moving
east, not German tanks moving west. Of course, it's worth
nothing that the Allied drive to the Rhine stalled in the
Ardennes forest in December of 1944. In fact, on December
16th, 1944, the 101st Airborne Division was surrounded at
Bastogne during a surprise German winter offensive. (The
battle at Bastogne is described well in the mini-series
"Band of Brothers," which makes a nice Christmas gift).

Eventually, of course, the Allies broke out at Bastogne and
on March 7th of 1945, crossed the Ludendorf railway bridge
at Remagen, across the Rhine and into Germany. Of the 22
road bridges and 25 rail bridges across the Rhine, the
bridge at Remagen, taken by the 9th Armored Division, was
the only bridge the Germans had not destroyed, although
they tried to demolish it twice.

"This bridge is worth its weight in gold," Eisenhower, is
claimed to have said.

Simply stated, gold has crossed the Rhine...and now begins
its inevitable conquest of paper currencies and its
inexorable advance toward monetary hegemony. The move gold
is making now argues for bigger and stronger gains ahead in
2006.

And both moves in oil and gold make perfect fundamental AND
geopolitical sense.

Oil is moving on increased global demand. Even $44 billion
of new investment planned in Kuwait--which would boost
current production from 2.5 million bpd to four million--is
not going to bring enough supply on line to meet the
growing demand of India and China.

And this assumes the Kuwaitis (or the Saudis, or the
Iraqis) can actually produce what they target. And, even if
they can, for how long? Oil wells don't deplete as fast as
natural gas wells. But when you have to start pumping
seawater in to a well to boost production, you're simply
hastening the rate at which you exhaust all the cheap, high
quality petroleum from the ground.

Also, note that the Kuwaitis are not boosting money spent
on exploration, but production. Perhaps they are hoping to
get top dollar for the 100 million barrels of oil they
claim to have in the ground. Geopolitically, oil is at the
center of many national grand strategies. It's going to
stay there for awhile. And the price will go higher.

Gold is rising because of the fundamental mismanagement of
the dollar by Alan Greenspan. And to be fair, in the club
of central bankers who destroy the purchasing power of
their currency, Alan Greenspan has a lot of company. Their
respective tactics and strategies might differ, but the
result is the same: decreased confidence in paper money and
an increased appetite for gold.

In the meantime, you probably won't see Congress hauling
the gold miners in front of the TV lights to ask abou t huge
mining profits. But that doesn't mean the insiders at the
gold majors haven't already done what their colleagues in
the oil industry did: make a list of acquisition targets.

Gold production CAN be increased, but you've got to find
the gold first. That means you have to explore for it. And
with higher gold prices on the horizon, the incentive for
finding it is definitely there. Gold majors, looking to add
new assets to the balance sheet, are going to be in an
acquiring mood.

Fortunately, I think there's a simple way for investors to
profit from this Christmas shopping by the gold majors -
without having to speculate in junior exploration stocks.
I've recommended how in the Jan issue of Strategic
Investment, which I hope to have in your hands by the end
of the week.

Werwoelfe und Cabals sind immer bissig in der Zeit.
Als Wellenreiter oder Taucher sollte man das auch beruecksichten.
Sobald er abnimmt gehe ich wieder einkaufen.

Falls AQI gewinnt bin ich der erste der Dir gratuliert fuer den Mut den du hattest, falls IMA gewinnt sage ich Dir, "" wir haben dich gewarnt"", TT.

So und jetzt warten wir ab was passiert.

Be ready for the surprise,keep your finger on the trigger.

My intuition tells me IMA will win the case.

Lets see who is the liar.

Gruss

Eldo

Siegessicher auch Henderson

Aquiline management knows of no potential bidder at present but believes that the Company's shares are undervalued and reflect neither its development prospects in Argentina nor the possibility that it will prevail in the Court Action. Moreover, since the commencement of the IMA trial on October 11, 2005, gold prices have risen approximately $65 per ounce (or over 13%) and silver prices have risen approximately 17.5% while the shares of both Aquiline and IMA have been essentially unchanged. Stated Aquiline President Marc C. Henderson "With title to one of the largest undeveloped silver deposits in the world hinging on the outcome of the pending trial decision, we believe it is appropriate to allow the judicial process to run its course". He went on to add, "We look forward to the receipt of the judgement in this matter which will have potentially important implications for business practices, not only within the mining industry, but in all industries where Confidentiality Agreements are in widespread use." The amendment to the Shareholder Rights Plan takes effect immediately but will be put to a vote of Aquiline shareholders at the Company's Annual General Meeting to be held in 2006. The TSX has accepted for filing the amendment to the Plan.

http://biz.yahoo.com/ccn/051212/200512120301715001.html?.v=1

Schuldenblase das ist richtig aber dann stehen schon wieder die Kaeufer von Asien und Arabien da mit ihren Schubkarren um fuer den Preisen zu kaufen. Im Grunde genommen ist das nur eine kurze erholung fuer die Shorties danach sitzen sie wieder in der Kacke aber noch schlimmer was ihnen vergoennt sei.
Das ganze arbeitet wie ein Krebsgeschwuer, langsam aber sicher zu Cabal's Tod wenn die D- Bombe dann platzt.

Lass denen doch auch mal einen schmerzfreien Tag.

Money talks, Bullshit walks !

There is only one winner in the end of the day.

Guess who or what ?

Gruss

Eldo

Expect the unexpected und freu dich nicht zu frueh, TT
Das Urteil kommt bestimmt, das raten bringt nichts.
Oder bist du der Richter ?

Mfg

Edlo

Le Metropole Members,

By Peter Brimelow
CBSMarketWatch.com
Monday, December 12, 2005

http://www.marketwatch.com/new…6A002EAD2%7D&;siteid=mktw

NEW YORK -- Gold gaps upward -- and the explanation may be alarming.

The Tokyo Commodity Exchange closed its Monday session (9 p.m. EST) up 50 yen -- the limit.

Spot gold (for immediate physical delivery) was up over $5 from the New York close -- yet another 25-year high.

What on earth is going on?

Sunday night, I called around several letter editors, whom I've been talking to about gold for depressingly close to 30 years. Why is gold going up? Why now?

Mostly, they are utterly stunned. Traditional gold bugs, they work within the historic gold/inflation model, which is providing no answers.

Except Bill Murphy of LeMetropolecafe.com. (Full disclosure: my brother John, a stockbroker who has written for MarketWatch, also writes for Murphy's site).

Murphy's dark view for several years has been that central banks, as part of a fine-tuning strategy, have facilitated short positions beyond the reasonable. The chickens are coming to roost, in his opinion.

This theory that there is an official sector-supported "gold cartel" suppressing the metal's price is almost universally regarded as crankish.

But given the violence of the action Sunday evening -- and indeed over the last few days -- this short covering explanation seems unavoidable.

Gold's performance has been truly formidable. Richard Russell of Dow Theory Letters quoted one of his many alert correspondents Friday evening:

"Spring of 1974. Gold hits 180 and is 24% above its 34-week moving average (in a bull market).

"Winter of 1979. Gold is over 500 and 35% above its 34-week MA (in a bull market).

"Early 1980. Gold hits $850 and is 53% above its 34-week MA (in a bull market).

"Early 1983. Gold is $509 and 17% above its 34-week MA (in a bear market).

"Autumn of 1986. Gold hits $480 and is 25% above its 34-week MA (in a bear market).

"Today. Gold is at $520 and 14% above its 34-week MA (in a bull market)."

Very interesting. But equity investors demand to know: When do the gold shares go up?

Traditionally, gold shares amplify gold moves three or four fold. But in the last few weeks, the ratio has been dismal.
My old friend Ian MacAvity, of the Toronto-based Deliberations letter, feels the promiscuous behavior of U.S. investment banks is to blame -- encouraging the mining companies to issue too much stock as gold began its two-year rally, causing too much dilution.

MacAvity draws an analogy with the behavior of the rapacious Australian brokerage community in 1986 through 1989, which destroyed U.S. gold investor confidence in that region's gold shares to an extent still not fully recovered.
This is what generalist hedge fund managers really mean when they express hostility to gold shares because of "poor management" and weak earnings (per share).

The gold mining companies can reasonably point to the very unusual explosion of oil costs compared to gold in the past several quarters.

But that has violently reversed since September, without any appreciable benefit to gold equities.

Perhaps the only thing to do is accept that the action over the last weeks has been exceptional and trust to long-term charts. Martin Pring observes in his latest weekly that recent movements "could well signal the blow-off phase for this stage of the (gold bullion) bull market."

But it is in blow-off phases of gold moves that most of the capital gains in the gold shares are made.

And if the official sector has been so active in managing markets behind the scenes, reality could intrude with a bang.

-END-

Ein Waschtag kann man sagen, das war auch zu erwarten.
Es baut sich wieder eine Kaufgelegenheit auf.
Gewoehnt Euch dran.

Mfg

Eldo

The 15 Dollar Rule now

Kursexzesse here we are...

""Wer hatte schon 2001 von Gold gesprochen von Siager habe ich da nichts gehöhrt.?""

In dem Jahr haben viele mich ausgelacht, heute lache ich.

Man trifft sich im Leben immer auf der Leiter, die einen gehen nach oben und die anderen kommen runter, Hpopth.

Edel die CMQ rannte mir weg,naja man kann nicht alle einholen.
Einige rutschen halt weg, C'est la vie !