Beiträge von Eldorado

Zitat Ghost:

Guten Start in den Arbeitstag !

GOLD UP $5 IN TOKYO - MIDAS TECHNICAL ALERT

The Feb Comex gold contract, which is the nearby pivotal
one now on the continuation charts, has taken out its high
of 1981 of $535 on a quarterly basis. This breakthrough is
of big picture importance. What is of note is the next significant resistance for gold on a quarterly basis on the continuation charts is all the way up to $612.

Frank Veneroso confirmed tonight what MIDAS and GATA have
been saying for some time. The Gold Cartel has lost control
of the gold market. This was also confirmed to us the other
day by one of the members who sat on the Board of one of
the 12 Fed banks. This Board member has loaded his own boat
(big numbers) with physical gold and expects the price to
reach $900 to $1,000 within 3 years. This, from a
conservative banker.

One of the most critical dynamics of the gold market at
the moment confirms what GATA has said all along ... and
what no one in the gold mainstream gold world will even
admit exists. There is a MASSIVE Gold Cartel short position,
one they cannot get out of. The bums are trapped. These
white-collar thugs, who have violated US anti-trust laws
for so many years, have cooked their own goose.

I sent the following today to Ted David of CNBC, which
is like dropping an email into a black hole, but we
(GATA ARMY) have to keep up the good ole college try. I
included the Russian/GR 21 stuff I have been pounding
away on for weeks ... and these notes (facts):

*Since Gold Rush 21 gold rose $95 - YET, the dollar rose
from 87 to 91 and oil fell from $68 to $60 per barrel.
Almost no one thought that possible a year ago. The key
to the gold market is surging physical market buying
overtaking the Gold Cartel's ability to suppress the price.

*For years GATA stated the price of gold could rally $100
and the dollar do nothing as The Gold Cartel lost control
of their price rigging scheme. Few, if anyone else, thought
that possible. (It has done that.)

*The Central banks have less than half the gold they say
they have. Over the last decade they have surreptitiously
lent out this missing gold in order to suppress the price.
This calculation is based on studies by three GATA
consultants.

*One of the major factors in the gold market today is the
gold short position ... more than 10,000 tonnes in a market
with a 1500 tonne yearly supply/demand deficit and only
2500 tonnes per year coming out of the mines. The shorts
are trapped. Cannot get out. There are mega-derivatives
tied to those shorts. GATA knows this because of the
Bank For International Settlement derivatives numbers.

*A Gold derivatives neutron bomb will go off. Could happen at any time.
*Price prediction: Adam Fleming, former Chairman of Harmony
Gold and now Chairman of Wits Gold, said at Gold Rush 21
that he is looking for $3,000 to $5,000 per ounce. I concur.

Bombing The Bears

Harry Schultz GCRU snippet
Dec 12, 2005

http://www.321gold.com/editori…z/schultz121205_gcru.html

The New Golden Bull: Ready to Charge or Ready for Pasture?

Here’s a brief update on my view of the metals market from a historical perspective. This is the first such update in about a year, but until recently there hasn't been much to write about.

This past week seems significant for several reasons. First, the London PM (Gold Cartel-adjusted) fix on the gold price Friday was $525.50. That was the highest fix since April 6, 1981 and thus a 24-year high. Also, silver's Friday London PM fix was $8.97, the highest close since May 22, 1987—an 18-year high. Additionally, the HUI "Gold Bugs" index closed in new high ground on Thursday at 264.86 and closed just a few points under that on Friday.

Obviously something big is happening. Ironically, there's little to no excitement in the mainstream world, nor apparently the least concern by Joe Sixpack about the stability (much less the likely endurance) of the world's fiat currencies. It seems the clueless market analysts are tripping over themselves to call a top in the metals.

But is it likely the metals have topped out? Of course, some of us laugh at the idea, but many others seem to be in a serious quandary about it. Here are some facts about the Great Gold Bull market of the late seventies and early eighties that might be of interest, as well as their modern-day counterparts. I think they'll help put things in perspective...

First, it’s important to realize that serious bull markets nearly always end with big-time price volatility. Case in point: The average monthly fluctuation in the price of gold during its great advance from August 1976 to January 1980 was 7.56%. The average for the final six months was 17.33%. The average for the final three months (during the blowoff stage) was 20.4%, and the last month, January 1980, the price fluctuated an incredible 52% (even more if you count intra-day peaks). Now, that's what you call volatility!

So how do we compare in our modern-day gold bull? Well, to continue the analogy, our bull is still a calf; it hasn't even found its legs yet. Our average monthly price fluctuation to date (starting from the commencement of this gold bull in April 2001) has been a mild 5.04%.

But here's what's even more amazing: since April 2004 when gold topped out on the London PM fix at $427.25 and then fell to a low of $375.00 in May, our average monthly volatility has been a puny 4.66%, which is well below even the overall average since this bull began.

To me, it's downright astounding that gold could be making multi-decade highs while logging some of the lowest volatility in recent years. Does this sound like a market that's topping out? Hardly. In fact, it sounds like a market that hasn't even gotten out of first gear.

Here's another bit of evidence that things are just now heating up. In the 42 months of the Great Gold Bull of the seventies, the average monthly gain in the gold price was 3.01%, which is impressive by just about any standard (except perhaps Hillary Clinton's masterful play of the cattle futures market some years back; but that’s another story). However, since this modern gold bull's inception, the average monthly gain has been only 1.31%.

That kind of return is respectable, especially when compared with deposits in CDs (AKA certificates of depreciation), but it’s paltry by comparison to the bull of the late seventies. Along these lines, this month has been notable for gold in another respect. With Wednesday's London fix of $515.40, those who purchased the barbarous relic at its lows in April 2001 have now officially doubled their money. We could compute the last 56 months' difference between returns on CDs and returns on gold, which "pays no interest," but I'm afraid it would embarrass the bankers among you. By comparison, though, it would be clear which of the two investment vehicles is the real loser.

I continue to be amazed by the advisor contingent and its constant readiness to proclaim a "top" in the metals markets. As Bill Murphy has pointed out many times, where were these bozos when the NASDAQ was making new high after new high? Where were they at Nazzie 3000, 4000 or at least—"It's a new era!"—at NASDAQ 5000!!???

In conclusion, here’s a bit of free holiday advice for those of you who still pay for gold advisory services that continually declare tops in the metals: drop your subscriptions immediately—they obviously pay no interest...

Derek K. Van Artsdalen
San Antonio, Texas

MP3 Rock and Roll with Steve Dore:

INFLATION NATION

http://www.321gold.com/sound/inflationnation.mp3

Text:

Inflation Nation
We're gonna hear it, sooner or later,
Two words together, in perfect sequence,
They rhyme and chime, they tell us the story,
Revealing truth of our fiscal non-sense,
How long before, we lose every penny,
Of purchase power, we had once before,
Way back then, almost a whole hundred years now,
The old money wolf, stayed away from our door
Then came along the new fed reserve,
To steal that power away,
You won't feel it, with your regular pay raise,
But what happens when they just stop one day

We are an, Inflation Nation,
Inflation nation, too big to fail
Inflation nation,
We're gonna blow up too big some day

A little pain, and a lot less spending,
What ever happened to fiscal restraint,
We make our money, out of nothing but air now,
And up goes the price without a complaint
We're gonna have, to pay it off some day,
And it won't be a pretty sight,
A lot of poeple will fall by the wayside,
As their paper wealth disappears out of sight

Gold May Rise, Matching Longest Rally and Topping 24-Year High
Dec. 12 (Bloomberg) -- Gold may rise for a sixth straight week, matching this year's longest rally, because investors are adding bullion to their portfolios as an alternative to underperforming stocks and bonds, a Bloomberg survey shows.

Fourteen of twenty-six traders, investors and analysts surveyed from Mumbai to Chicago on Dec. 8 and Dec. 9 advised buying gold, which gained 4.6 percent last week and reached a 24- year high of $534.30 an ounce in New York. Seven respondents recommended selling and five were neutral.

Gold is up 21 percent this year, outperforming the Standard & Poor's 500 Index and 10-year Treasuries. The lure of precious metals and commodities such as oil and copper has spurred $15 billion of new investment in funds tracking indexes of raw materials, as investors seek better returns and a hedge against inflation, Barclays Capital said Dec. 2.

``The apparently huge influx of capital into gold and related financial products seems likely to keep prices moving higher,'' said Daniel Vaught, an analyst at A.G. Edwards & Sons in St. Louis.

Gold for February delivery rose $23.20 last week to $530.20 on the Comex division of the New York Mercantile Exchange.

Last week's gain was anticipated by the majority of analysts surveyed Dec. 1 to Dec. 2. Bloomberg's survey has forecast the direction of prices accurately in 50 of 85 weeks, or 59 percent of the time. The last time gold rose six straight weeks was from Aug. 26 to Oct. 7, and the most recent seven-week rally was in 2004, from Oct. 15 to Dec. 3.

One Way Street

Hedge funds and other large speculators have more than tripled their net-long positions, or bets prices will gain, in New York gold futures since the end of July to 167,413 contracts as of Dec. 6, government figures show. A record 14.96 million contracts traded on the Comex Dec. 9, the exchange said.

``The psychology of the market is now largely technical,'' said George Gero, a vice president at RBC Capital Markets in New York and a director of the Nymex. ``We have higher volume, higher moving averages and new entries into the gold market. All of that is very bullish.''

Since November 2004, investors have poured $4.1 billion into two gold-backed stocks, StreetTracks Gold Trust and iShares Comex Trust. Demand for gold coins and bars and bullion-backed shares rose 56 percent in the third quarter from a year earlier, the World Gold Council said.

``Funds have taken a fancy to gold and it seems as if it will be a one-way street for gold prices for the next few months,'' said Jay Mehta, managing director of Mumbai-based Maximus Commodities. ``$600 will be the next target.''

Outperforming Stocks, Bonds

Gold has outpaced the 3.9 percent gain this year in the S&P 500. Treasuries have returned 1.16 percent this year, including reinvested interest, following gains of 3.50 percent in 2004 and 2.26 percent in 2003, according to Merrill Lynch index data. In the prior three years, returns averaged 10.6 percent.

Holdings of Treasuries by the oil-producing nations in OPEC fell to $54.6 billion in September from $67 billion in January, according to data compiled by Bloomberg. Middle East demand for gold rose by 38 percent in the third quarter, the World Gold Council said.

Precious metals are getting a boost from concern that the U.S. has near-record current-account and budget deficits, and on speculation the dollar will end its rally against major currencies.

The U.S. current account, the broadest measure of trade, last year widened to a record $665.9 billion from $530.7 billion. The budget deficit in the U.S. reached a record $412.5 billion in 2004 before narrowing to $318.6 billion this fiscal year.

Gold at $850

``More attention is being paid to'' the deficits, said Paul Walker, chief executive of London-based research company GFMS Ltd. ``Gold could rise to $850 in the next 18 months, as the dollar is likely to come under renewed pressure.''

World investment demand for gold in the six months through December will reach 281 tons, nearly double the total during the same period last year, GFMS said.

Some investors buy gold in times of inflation, which erodes the value of fixed-income assets, such as bonds. Gold reached $873 in 1980, when consumer prices rose 12.5 percent from the previous year.

U.S. consumer prices are rising at a 4.9 percent annual rate this year compared with a 3.7 percent increase in 2004, the government said last month. Core prices, excluding energy and food, are rising at a 2.1 percent annual pace, compared with 2.2 percent.

`The Hedge to Have'

Gold is the ``hedge to have when you're not sure what you're hedging against given the uncertain outlook of U.S. inflation and the U.S. dollar,'' Michael Buchanan, senior global economist for Goldman Sachs, said in the report on Dec. 8.

Some analysts say the inflation risk and gold's rally are overblown because the Federal Reserve has boosted interest rates 12 straight times since May 2004. Fed policy makers probably will raise the benchmark rate for overnight loans to 4.25 percent from 4 percent when they meet Dec. 13, a monthly Bloomberg survey of economists shows.

``All depends on the Fed rate,'' said Ravi Jalan a trader at Jalan Commodities in Delhi. ``Indications are there may be a 25 basis-points hike, and we will see a strong selling set in. This will be a good time to book profit.''

The Fed may increase the rate by another half percentage point by the middle of next year, the Bloomberg survey shows.

Central Bank Sales

Some central banks are halting gold sales or boosting reserves of the precious metal, crimping supply and boosting demand, analysts said.

The world's central banks sold 478 metric tons of gold last year, or 23 percent less than in 2003, London-based precious metals researcher GFMS Ltd. said. Russia said on Nov. 15 it may double its gold reserves after South Africa and Argentina said they may increase holdings.

``You're seeing a shift in attitude from the central banks which have traditionally been sellers of the metal,'' said Frank McGhee, head gold trader at Integrated Brokerage Services LLC in Chicago. ``They're going to add back to their gold reserves. This market could move into substantially higher territory.''

Fuel back on tap at Cape Town International

December 11 2005 at 07:28PM

By Leon Engelbrecht

Fuel is again available to aircraft at Cape Town International Airport, Kader Jacobs, the supply logistics manager aviation at BP said on Sunday evening.

He said fuel became available on the apron at 5.30pm.

"The product became available half an hour ago," Jacobs said at 6pm. "Tanking has started."

But Jacobs called on airlines to keep their contingency plans in place for another three or four days to allow the airport fuel farm to build up a reserve.

Tanks ran dry on Saturday causing airlines and passengers major inconvenience - Arts and Culture Minister Pallo Jordan apparently suffering a delay of six hours on a flight to Johannesburg.

Kaufrausch

Danke fuer die Wuensche.
Keine Ahnung wer oder was SCOX ist, Crooks gibt es ueberall.
Bei Sterling mit 100 kg fuehle ich mich sicher , aber wie Tschonko richtig erwaehnt hat kam Jason Hommel und David Bond zur Hilfe mit ihren Kommentaren.
In dem Fall sehe ich wenig Insider eher ein Hype in der richtigen Zeit dieses kurz vor der Kapitulation der meisten Anleger.

Sterling hat Potential und mit Amex Listing kann es nur weiter aufwaerts gehen.
Das Management wurde nun wachgeruettelt ebenso Ray der sich keine Tricks mehr leisten kann.

Minimum Target fuer 2006 sind 5 USD IMHO.

Gruss

Eldo

@Edel, ist wie Lottospielen
CMQ und LVN gefallen mir.

Tschonko

Der CEO macht mir einen guten Eindruck bei dem Interview.
Da steckt noch einiges dahinter,kann sein das sie den Volltreffer machen. Diamanten in Ontario ebenfalls, 15m Dollar haben die in ihre Projekte gesteckt. Klondike Star KDSM.OB hat nicht umsonst sich reingekauft,die Chart von denen hatte aber einen Fall in den letzten Tagen, sie sieht nun nach Kauf aus.

Coral habe ich noch, danke nochmal fuer den Tipp von Admiral Bay. :))

Cabo, um die mache ich mir keine Sorgen, ich halte, die bohren.

Pass mal auf was am Montag mit den genannten Titel passiert.

Gruss, und nun ab ins Pub !

Eldo

CMQ da hat GFI ca. 11% Anteile so weit ich weiss.

Habe ein Interview auf Smartstox vom November gerade angeschaut, die Klondike Gold (KG.V), die halte ich mal schoen weiter Tschonko.
Vielleicht kaufe ich noch mehr, die braucht so und so ein Kissen.
Die Chart sieht jetzt besser aus.

http://www.smartstox.com/interviews/kg.php

However, Gold and Silver continued their remarkable rally right into the end of the week. Gold soared above 530.00, a level not seen since the early 1980’s. The Japanese Yen, on the other hand, fell to its lowest level against the U.S. Dollar in over two years last week. Yet neither the Swiss Franc nor the Euro currency matched it, producing yet another case of Intermarket bullish divergence. In the case of Gold and Silver, the new high on Friday may relate to the fact that Mars turns direct this weekend, and Friday was the last day in which the Moon was in Aries, the sign that is ruled by Mars.
Next week should be very interesting in regards to this “blow-off” in Gold and Silver.

Short-Term and Long-Term Geocosmics:

The “blow-off” dynamics of the Jupiter-Uranus trine aspect of November 27 may be ending any day now, if it hasn’t already for some financial markets. From Jupiter-Uranus (and all its supportive lunar transits through Sagittarius, Aquarius, and Aries), we now move towards the Jupiter-Saturn waxing square signature of December 17, followed by Venus turning retrograde on December 24, and Mars forming its third and final waning square to Saturn on December 28. In other words, the buoyancy of Jupiter in aspect to Mars and Uranus – which is consistent with the idea of massive rallies and irrational exuberance - will give way now to a climate dominated more by the sobering reality (and potential stress) of Saturn. What seemed to defy gravity and logic in the past few weeks becomes constrained (depressed even) by those same dynamics. What goes up must come down. It is the universal law that governs all cyclical patterns, as well as human activity. And for astrologers, this rhythm is understood by the maxim of “As above, so below.”

Long-Term Thoughts:

So what is an investor to do as this year comes to an end, in preparation for not only next year, but for the remainder of this decade? In a nutshell, let me paraphrase some of the conclusions in next year’s Forecast Book: Look for the U.S. stock market to end its current rally by the first quarter of 2006, followed by a 20% decline to the 4-year cycle trough by the end of the year. Look for interest rates to continue to rise into the middle of 2006, at which time it may be an excellent opportunity to lock in higher yields on Treasuries. Look for crude oil to form its 4-year cycle low in mid-2006, followed by another surge up that could see $100.00/barrel. With so many long-term planetary cycles unfolding over the next several months, there will likely be excellent investment opportunities arising in 2006.

http://www.mmacycles.com/artweek.htm

Gmorning Edel

Ich blicke da nicht voll durch was McEwen im Schilde fuehrt.
Ich habe noch drei andere die wir durchleuchten sollten,die koennten interessant werden oder auch nicht.

LVN.V CMQ.V NDE.V MTR.V ...

QRL.TO & CAT.V sind bereits im Depot.

Bei LVN war Aktion am Freitag mit 32% plus,was ist dort los?
Die anderen tumpeln im Keller, wer weiss, wer weiss wie lange.
Was denkt ihr darueber ?..... eventuell ueber PN.

Tschonko

Das mit Bactech, meinst du die sind noch interessant ?
Wenn das Tokin Spring Property weg ist dann bestimmt nicht.

Schoenen Sonntag noch.

Gruss

Eldo

Zeit den guten leider verstaubten Thread rauszufischen den Frr eroeffnet hat. Ich habe noch etwas gefunden was interessant sein koennte:

http://www.safehaven.com/showarticle.cfm?id=2702

The Players

This alphabetical list below is based on companies that have visible holdings on the Mineral Information Maps produced by Intierra Resource Intelligence portrayed at the beginning of Part 5.

Agnico Eagle (http://www.agnico-eagle.com/) NYSE symbol: AEM. Has operatorship and an earn-in deal for roughly 60% of the NDT Ventures property on the southern border of the main Cortez Joint Venture area. Agnico Eagle also has an earn-in deal through a subsidiary on the Norma Sass property of Coral Gold.
American Bonanza Gold Mining Corp. (http://www.americanbonanza.com/). TSX-V, symbol BZA. Has 100% interest in Gold Bar property about 35 miles south of Cortez Hills.
BacTech Mining Corp (http://www.bactech.com/s/TonkinSprings.asp) TSX.V symbol BM. owns a property just south of the Cortez Joint Venture area and operates bioleaching facilities.
Barrick Gold (http://www.barrick.com/) NYSE symbol ABX. Major player on the Carlin Trend. Once operated five historic mines near each other by the town of Eureka on the SE end of the Cortez Trend. They are the Archimedes Mine, Bullwhacker Mine, TL Mine, Richmond Mine, and Ruby Hill Mine. May reactivate the Archimedes mine. Barrick has a 33% interest in the Marigold mine NW of the town of Battle Mountain.
Bema Gold: (http://www.bemagold.com/) AMEX: BGO. Owns 33% of Victoria Resources.
Bravo Venture Group (http://www.bravoventuregroup.com/ ) TSX-V BVG.
CMQ Resources (http://www.cmqresources.com/s/Home.asp) TSX-V symbol CMQ.
Columbus Gold Corp. Currently privately held. Has a property just west of the Gold Acres deposit, not yet listed on the Part Five property map. 9.9% owned by Rick Rule of Global Resource Investments, a U.S.-based leader in private placements and IPOs for junior mining companies.
Consolidated Odyssey Exploration (http://www.odysseyexplorations.com/) TSX-V, symbol ODE. Joint venture partner with White Knight on two properties, one in the Cortez Trend.
Coral Gold (http://www.coralgold.com/) TSX-V symbol CGR.
Glamis Gold. (http://www.glamis.com/) NYSE: symbol GLG. Glamis operates the Marigold mine at the NW end of the Intierra Mineral Information Map, has made an offer to take over Goldcorp, who has in turn obtained a 10% position in White Knight.
Gold Fields: (http://www.goldfields.co.za/) NYSE, symbol GFI. Acquired 11% of CMQ Resources.
Goldcorp. (http://www.goldcorp.com/) TSE, symbol G, NYSE, symbol GG. Owns 10% position in White Knight.
Great American Minerals: According to David Mathewson who runs Tone Resources, GAM's property is partnered with or controlled by Placer Dome. It is located next to Tone's property (marked with an "S") and Nevada Pacific's largest holding on Intierra's Mineral Information Map.
Greencastle Resources Ltd. (http://www.greencastleresources.com/) TSX-V, symbol VGN
Idaho Mining Corporation. Is partnered with Placer Dome on a few properties adjacent to the Cortez Joint Venture area.
J-Pacific Gold Inc. (http://www.jpgold.com/) TSX-V, symbol JPN, OTCBB symbol JPNJF.
Kennecott (Australia) subsidiary of Rio Tinto.(Symbol RTP) Joint venture partner with Placer Dome for 40% of Cortez Mine and the overall Cortez Joint Venture properties, which include Cortez Hills properties.
Klondex Mines Ltd (http://www.klondexmines.com/) TSX.V symbol KDX.
Levon Resources Ltd. (http://www.levon.com/) TSX-V, symbol LVNH, OTCBB LVNVF.
Mill Bay Ventures, Inc. (http://www.millbayventures.com/), TSX-V, MBV.
Mill City Gold (http://www.millcitygold.com/) TSX-V, symbol MC.
Minterra Resource Corp. (http://www.minterra.ca/) TSX-V, symbol MTR
Miranda Gold (http://www.mirandagold.com/) TSX.V symbol MAD, OTCBB: .MRDDF
NDT Ventures Ltd. (http://www.northair.com/) TSX-V, symbol NDE.
Nevada Pacific Gold (http://www.nevadapacificgold.com/). TSX-V symbol NPG.
Newmont Mining (http://www.newmont.com/en/) NYSE symbol NEM. Has major land exposure to Cortez area, particularly on the northern end. Joint venture partner with Victoria Resources and other juniors. Actively looking at joint venture deals.
Placer Dome. (http://www.placerdome.com/) NYSE symbol PDG. Along with Newmont, the largest landholder in the Cortez Trend area. Major joint venture partner with many junior mining companies.
Rio Tinto (http://www.riotinto.com/) NYSE symbol RTP. Parent of Kennecott Australia, which owns 40% of the Cortez Joint Venture. Headquartered in London, Rio Tinto is a world leader in mining a wide variety of natural resources in addition to precious metals.
Senator Minerals Inc. (http://www.senatorinc.com/) TSX-V symbol SNR. Property near NDT Ventures/Agnico-Eagle site are not listed yet on the Part Five property map.
Teck Cominco. (http://www.teckcominco.com/) TSX-V, symbol TEKMVA. A joint venture partner with White Knight. Actively looking at deals in the Cortez Trend area.
Tone Resources (http://www.toneresources.com/) TSX-V, symbol TNS. Controls properties marked on Intierra's Mineral Information Map as "Nevada Gold Ventures."
U.S. Gold Corp. (http://www.usgoldmining.com/) OTCBB symbol USGL. Holds 45% of Tonkin Springs. Sold 55% interest to BacTech in 2003.
Victoria Resource Corp. (http://www.victoriaresource.com/298/Victoria_Resource.htm) TSX-V symbol VIT.
X-Cal Resources Ltd. (http://www.x-cal.com/) TSX-V, symbol XCL.
White Knight Resources.(http://www.whiteknightres.com/default.asp) TSX-V symbol WKR
Wolfden Resources Inc. (http://www.wolfdenresources.com/ ) TSX-V symbol WLF owns 10% of Klondex.

McEwen buying Nevada for Christmas!

Recht schoen und gut, woher kriegt er die Kohle und zu welchen Bedingungen ?
Warum verkaufen die anderen an ihn ?
Wer garantiert das er den Erfolg hat und sich alles bezahlt macht.?
Der Mann ist ein Profi aber da haengen noch andere Probleme dran.
McEwen Kokain ist trotzdem mit Vorsicht zu geniessen.
Weiterhin diversifizieren ist ratsam als alles in McEwen zu stecken IMO.
Mehr als 8% lege ich nicht in Nevada rein, wer weiss was die US Regierung mit Nevada eines Tages anstellt wenn der Krieg ums Gold beginnt und es knapp wird.Komisch das Newmont, Goldcorp,Placer, Barrick, alle zuschauen wie er sich Nevada schnappt.
Warum kaufen die nicht diese Minen frage ich mich...

Gruss

Eldo

@1234

Da stimme ich Dir zu.

Kaufrausch

Ich habe fast mit Gleichstand 40% meiner Sterlings verkauft und Geld fuer weitere Poker und Sicherheitspuffer freigemacht, 100 SRLM reichen mir noch,die lasse ich reiten weit ueber die Amex.

Mein Margin haltet jetzt sogar eine allgemeine Korrektur bis HUI 220 aus, ich bin dadurch endlich mal auf einem sicheren Ufer.

So gross wie ich bin sind 190 verschiedene Aktien im Depo die ich nun einfach laufen lasse. Meinen Banker bleibt nun die Spucke weg wie sich das Rad gedreht hat in meinen Depot.

Ich wuensche Euch allen viel Glueck und erfolgreiche weitere Geschaefte mit den wahren Werten, Gold und Silber.

Gruss

Eldo

(MIDAS: The following was an email sent by Adrian to a fellow Cafe member. It had me enthralled and I figured it would you too.)
This is fascinating and like solving a great mystery. And just like great mysteries you have to look at ALL the clues. If you look at the gold chart alone it seems to be saying that a correction back to $480 is likely. Gold is in a strong upleg and transistioning into Phase 2 so the upleg will be supported by the 50DMA and not the 200 DMA

The HUI has only just broken out of its box formation of 2 yr duration or if you prefer broken above the neckline of an inverse head & shoulders of 1 year duration. If gold is going to correct significantly from here then it would mean that the shares will have missed out on reacting to a $95 move in the gold price. I just don’t find that plausible. It is possible that the gold price does correct and the shares take off and show a delayed upleg but that would be a most unusual event because the gold price typically drives sentiment in the shares. In a few years time when we get the final blow-offf when gold is $ xxxx punters might drive stocks up even with a big fall in the gold price but we don’t have ANY froth in the gold shares right now that could that type of event happen. The CEF fund has only 1.2% premium to the underlying assets. In major uplegs that goes to 25%-30%.

Adam Hamilton has just put out a piece which says that this move up in the gold shares will be massive. I agree with him. The ONLY way I can see that happening is if gold either keeps on going or stabilizes above $520 for a while letting the 50DMA catch up and then accelerating up toward $600. I can not envisage a scenario where a $95 up move didn’t excite investors, a move into uncharted 24 year high territory didn’t excite investors, a break above a historic psychological number didn’t excite investors, but a gold correction back to $480 will make them pile in to mining shares. It just doesn’t jive.

This move up in gold has been amazing. I keep remarking about an Artic Ice-Breaker. Despite the move up of $95 there have been no wild moves. It has been orderly and unexcited. Resistance has just been sliced through with little fanfare or volatility. I believe the excitement is yet to come.

The next clue is the COT. The OI has been GOING DOWN on big gold up moves. The significance of this can not be under-estimated. The Shorts are feeling too much pain. They are getting margin calls they are starting to cover. Notice however that the increase in the margin requirements on Nov 28 did not affect the longs. They didn’t flinch. They have plenty of money and want delivery. Another clue to that was the LARGE deliveries that occurred in November which is NOT a delivery month and this trend is continuing into Dec but the bulls are leaving the bullion on the exchange to continue their accumulation. We have NEVER seen before the shorts cover on an up move in this 4 year bull market.

Then there is sentiment. Many people are like you they are concerned about a correction. That is hardly a bearish sign.

The subtle change that has occurred is that the gold bull market has become global. If physical markets become more dominant than the COMEX which is already the case for India and now Japan then who cares about the technicals of Comex? Gold passed the multi-year resistance of 350 euros and is now 445 euros. Conventional market wisdom said it should have corrected, it then should have corrected when it passed 400 euros but it didn’t. This is what happens when the fundamentals of supply and demand kick in. Take a look at Natural Gas. Earlier this year it passed a multi-decade high of $10 and was stretched 25% above its 50 DMA. It HAD to correct just like gold HAS to correct right now……………

For three months it wasn’t even close enough to its 50 DMA to smell it let alone touch it. There has just been a quick correction to the 50 DMA and it is off on a mission to the moon again. Correction to the 200 DMA? Sure, but I wouldn’t put any money on that until at least the spring. This is a market driven by the fundamentals. There is a shortage of natural gas…but it hasn’t been in deficit for 10 years like gold or silver

The correction didn’t come for another 2 months after hitting the $10 mark and reached $15 …50% higher. If gold were to do the same it wouldn’t correct before $750. That is not to say that is what will happen but just to show you with a real example from today that IT CAN.

We are in uncharted territory. No one seems to have grasped the significance of $500. It is not like $400 or $300. It is the barrier that has not been significantly surpassed for 24 years. And it was sliced through like it didn’t even exist. This market in my open has SUDDENLY flipped from being about paper speculation and playing a trend channel to a physical market where demand is greater than supply AND some crooks have sold short more gold than exists in the world. In the pipe-trend following paper speculation world you need to be worried about corrections and interim bottoms and tops because that’s how you make money. When it becomes a huge demand that can’t be met by shrinking supply market the major concern is whether you are on board or not. I doubt anyone was too concerned about corrections when the London Gold Pool collapsed. The cartel running out of physical to continue their manipulation is the same thing.
I have said that this move will KNOCK THE DUST OFF YOUR MONITOR. I believe it will suddenly behave like oil or nat gas because supply and demand are suddenly all that matter. The Asian women are not content to hang a pendant around their necks with a JPMorganChase derivative contract stapled to it, it just doesn’t look quite as pretty!

This is what I see when I look at all the clues that are available to us. Am I right? That’s for you to decide, but its where my money is.

Anyways, as it stands the Gold Cartel looks like it is losing big money with its COMEX trading. I don’t think their OTC trading is far from what you are looking at above. I thought the above chart would provide a good visual graphic for what must have happen with the capital accounts of the Gold Cartel since 1994 so I am passing it along to you. Clearly it is just not as much fun for the big guys as it used to be.

Mark J. Lundeen

City township the crime capital of South Africa


September 22, 2005

Khayelitsha is the violent crimes capital of South Africa.

Yesterday the township was singled out when national Minister of Safety and Security Charles Nqakula announced the police's latest national crime statistics for 2004/2005.

It is part of the city's East Metropole, which recorded the highest murder and rape statistics in the province.

Although Khayelitsha's station-to-station figures are yet to be released, they are expected to top crime statistics for 2003/2004 when 358 murders were committed and 517 women were raped.

For the past three years Khayelitsha, home to between 500 000 and one million people, has been part of President Thabo Mbeki's Urban Renewal Programme, aimed at integrated development to fight poverty and create jobs. But murders, rapes and robberies continue to plague its streets.

Since the crime statistics were released yesterday, community organisations have called urgent meetings to discuss the findings and ways of combating the crime.

But for the community of Khayelitsha, still in shock after a violent rampage by a gang of young men at the weekend that left three men dead and a 21-year-old woman raped, the fact that their township is the country's crime capital is no surprise.

Some said they were fearful of living in the township as no-go areas in the community were on the increase, while others said they still believed that something could be done to turn things around.

Bongani Sopam, chairman of the Lingelethu West Community Policing Forum described the crime figures as "shocking".

He, however, attributed the high crime rate to socio-economic problems such as high unemployment, the emergence of gangsterism and the use of drugs.

"To hear that Khayelitsha has the highest crime rate in the country is shocking, but it is a real problem that needs to be dealt with seriously.

"Gangsterism and the use of drugs in Khayelitsha have become serious problems because most young people are unemployed.

"Today you go to schools and teachers will tell you of their fear. Instead of being respected, they receive threats and are robbed by the pupils.

"Communities don't report crimes because they fear victimisation from thugs.

"People live in fear because these youngsters get lesser sentences and return to the communities to commit more crimes."

But Sopam said the situation could change if more long-term employment opportunities were created in the area.

Dr Ivan Toms, director of City Health, said the level of trauma in the area was severe.

"The serious assaults the community health care centre deals with over the weekend are horrific," he said, adding that stabbings and rapes were the basis of most of the injuries dealt with.

Toms said most of the incidents happened on weekends and linked alcohol abuse and binge drinking to the criminal activities.

Reggie Dince, deputy secretary of the Albertina Sisulu branch of Sanco, blamed the police for not being visible in the community and sharply criticised politicians who visited only during times of tragedy.

"This also applies to our police force ... they only come when they want to arrest someone, there are no patrols. They are not visible in our communities."

However Lydia Masoleng, who runs Malebo's Bed and Breakfast in Khayelitsha, said it was "not all bad".

"There is crime in some places, like the squatter camps and there are no-go areas. But there are lots of developments taking place."

She cited the Look Out Hill Tourism bureau, the local arts and craft centre and the shopping mall that is being built, as positive changes.
"It's generating jobs for our people. Our community is trying its best to fight crime and work towards a positive image."

PLEASE COME AND VISIT THE TOWNSHIT

2010 cash shock for city

Cape Town must spend R3bn to be ready for World Cup


December 10, 2005

By Myolisi Gophe

The city of Cape Town needs to spend a staggering R3 billion to be ready for the 2010 football World Cup, but time is fast running out for upgrading the city's public transport system and getting sport stadiums ready.

While city officials claim there is plenty of time to meet World Cup requirements, a check of progress so far reveals that very little has been done on the ground.

For a start, there is still no clarity on the preferred venue for World Cup matches - and, until a final decision is taken on this, engineers and planners cannot begin infrastructure projects.

The City of Cape Town wants to upgrade the Athlone stadium, but many believe that the Newlands Rugby Stadium is a better alternative, while a third group believes a new soccer stadium should be built from scratch.

Frank van der Velde, strategic adviser to the mayoral committee charged with transport, said a lot of design work has already been done, but admitted that more could have been done had the match venue already been decided.

A report this week by the Development Bank of Southern Africa warns that Cape Town needs to spend R2.262 billion on infrastructure projects - and around R520 million to upgrade the Athlone Stadium ( the city's preferred World Cup venue). Johannesburg needs to spend around R2.962bn and Durban about R2. 250bn.

The bank, as adviser and partner in the 2010 World Cup, provides the technical support in respect of the assessment of infrastructural requirements. It also does an audit of the capacity of the prospective host cities.

The bank last week presented its report to 10 candidate cities that are keen to host World Cup matches.

The report ranked Johannesburg as needing the biggest infrastructural capital injection, with Cape Town second and Durban third.

The cities were ranked in terms of how well they met Fifa technical requirements, such as the cost of upgrading match and training venues, accommodation, transportation, safety and security, banking and financial services, medical and emergency services, the number of restaurants, the potential number of volunteers and financial capacity.

The national government has committed itself to funding an upgrade of the transport sector, but time is running out to start the massive renewal projects.

The positioning of match venues plays a vital role in planning public transport initiatives and supporting infrastructure projects.
However, there is no finality yet on which Cape Town stadium will host games.

Roleplayers attending the Western Cape Sports Summit held a few weeks ago agreed that there should be one stadium, but they could not reach consensus on where the venue should be.

Newlands was named in the bid book, but the city prefers Athlone Stadium while the SA Football Association of Western Province has expressed its unhappiness with that choice.

The R520m to upgrade Athlone Stadium is the second highest cost to upgrade a match venue after the R570m needed to upgrade FNB Stadium in Johannesburg.

Van der Velde said this week the city's transport infrastructure needed to be upgraded to give easy access to matches.

While taxis will rely on the R7.7bn taxi recapitalisation process announced by national government, the national department of transport has set aside R2.7bn for passenger rail infrastructure and R2.3bn for buses this financial year, said transport ministry spokesman Collen Msibi.

The Western Cape department of Transport and Public Works is restructuring the public transport system as one of the projects to support the tournament.

Jacqui Gooch, the director of strategic support in the department, said other projects include improving links to the airport, upgrading coach terminals, the improvement of inner city public transport and the installation of an integrated fare management system.

@PL

Danke der Nachfrage, sie liegt nun im Bangkok Hospital zur Nachbehandlung.

Sobald ich im neuen Jahr einen Sitzplatz auf Singapore Airline bekomme bin ich auch in Thailland (LOS) fuer einen Monat.

Heute habe ich erfahren das es Probleme gibt mit Benzin am Flughafen und die meisten hier nicht auftanken koennen.

Chevron's Raffinerie in Kapstadt hat irgendwelche Probleme.

Die Infrastruktur bricht langsam zusammen bei dem Bimbo Managment.

Ich sehe schwarz fuer die Fussball WM in 2010.

Heute Headline Argus....

Cash shock for the city, Kapstadt braucht 3 Mrd Rand um das Stadium und andere wichtige Sachen zu bauen, keine Ahnung wo das Geld herkommt.

.... more im SA thread

Gruss

Eldo

What a day! Gold firmed up in Asia last evening and kept on going until we approached the Comex opening. Naturally, the boys planned to take it down and did. Gold went from up $6 when I woke up to around $1.50 higher. However, as has been the case since Gold Rush 21, the shorts were handed their lunch on the dip. Gold went back up, then exploded.

As we have seen so often the past four months, the buyers were waiting for The Gold Cartel forces to do what they did. The new buyers competed with shorts who are trying to cover. Once gold was comfortably through its Fixes of $524.75 and $525.50, it took off like a ROCKET, taking out $530 for a brief period of time, up over $11 on the day.

Seven years ago GATA figured out the gold market was being managed and we set out to do something about it, which culminated to-date with our historic conference in Dawson City in the Yukon Territory on August 8th and 9th. Since then gold has rallied as much as $94 (earlier today), while the dollar has risen from 87 to 91 and the price of oil has dropped from $68 per barrel to $60.

There is no doubt in my mind this conference was a significant factor in changing the gold world for the next decade. Over the past few weeks I have been pounding away on this theme; to do what I could to explain why the price of gold was doing what it was and where I thought it might go as a result of the aftermath of that conference.

Thus far I have spent much of that focus on the Russians and have brought to your attention why several times the past couple of weeks. There is one more thing which also makes sense and fits with the MIDAS technical analysis of the market. There are a number of Café members who believe The Gold Cartel monitors where GATA is coming from and read the MIDAS commentary. I have no idea if this is so, but it is not far-fetched. Let us say it is so.

If you were The Gold Cartel, you know what the Russian Central Bank said about GATA in June of 2004. Then you see Andrey Bykov actually show up at a GATA gold conference in the middle of nowhere. You would surely conclude that Mr. Bykov did not go all the way to Dawson City for a glamorous vacation. He was there for a specific reason … to learn more about what the GATA camp had to say, verify our credibility as a group, and to present feedback to Putin and other Russians involved in their major financial decision making processes. Remember, the chairman of the Moscow Norodny Bank of London translated Oleg V. Mozhaiskov's speech from Russian into English for GATA. Why would he do that for us non-mainstream folks who the US financial market press will not even admit exists?

The Gold Cartel knows better than anyone what they have done and of the precarious supply/demand situation in the gold market. They KNOW there is no room for a major central bank buyer(s) to enter the scene. They fully realize the Russians, the world’s second largest gold producer, have every reason to want the gold price much higher. Once Bykov actually showed in Dawson City, the Gold Cartel had to go, "Uh-Oh, our jig is up!" They would have to know they could not hold down the price much longer … which is why (I believe) the price broke the $6 Rule to the upside two days after the conference concluded and has not looked back ever since.

The Gold Cartel is still there, but it seems to me some of their players are trying to cover, or at least some of those who used to trade with them are doing so. This is why the open interest is not expanding like it used to on sharp price rallies. Some other traditional shorts are also trying to cover their positions … run for the hills.

Clearly, some major new buyers are accumulating what they can in an orderly manner, which is why the physical market is so strong. However, the Comex itself is trading completely differently (and has for four months), as dips are bought and corrections are brief … as the new buyers compete with the increasingly nervous shorts for the long positions some funds are pitching or for other Gold Cartel sales.

As mentioned for quite some time now and specifically again yesterday, the problem for The Gold Cartel, and other major shorts, is they cannot cover a meaningful amount of physical gold without driving the price to the moon. They are trapped. Stay tuned.

What does this gold move mean? Is it signaling greater inflation, a coming financial market disaster, a sharp fall in the dollar? Probably all of them. However, that is not why gold is doing what it is at the moment. You could have said the same thing for years. It has to be something else. Look at today. Oil: down sharply. Dollar: flat. Stock Market: up. Crises? … none.

Gold has rallied as much as $94 since Gold Rush 21 because The Gold Cartel scheme was conclusively exposed to the official sector (and other major buyers). As a result, their price-rigging scheme is ending. Some of the biggest players in the world are acting on what GATA knows and they have the bucks to move the market. Physical market buying is overpowering The Gold Cartel’s ability to hold the price down. To make matters worse for the shorts, as mentioned last night (for weeks for that matter), some of those who have lent their gold out must be trying to get it back and it is very hard to do.

One other point to make on gold lenders who want their gold back. Many in our camp believe those who borrowed their gold will be allowed to settle up in cash, rather than with physical. No doubt that is true in some cases. A veteran Café member knows the CEO of one of The Gold Cartel bullion banks who told him as such. However, that will not be the case with all the borrowers.

Now that gold is on a roll, it is fashionable to own the stuff. Certain central banks are not going to want to be seen as having dumped their gold. They will want it on their books. Whereas they might not have cared years ago, times are changing. It will only take a few lenders to ask for their gold back to create a nightmare for The Gold Cartel. Some of that appears to be occurring already with more to come.

Ah good. The gold open interest just came out … more confirmation of what I wrote early this morning. It FELL 1905 contracts to 340,860 on a $5 move up in the gold price. Gold has now risen $75 per ounce with its open interest falling more than 30,000 contracts off of its old high this year. That is ASTOUNDING! More evidence the trapped shorts are doing everything they can to cover their positions.

(P.S. on the this open interest stuff: veteran Café members will recall many years ago when the gold open interest rose 77,000 contracts over a few weeks on a $7 gold rally. At the time the gold open interest was only around 220,000 contracts. This will give newcomer Café members some idea why what is going on now is such a big deal and how the market has changed so dramatically.)

The COT numbers were just released. The most important aspect of them was the commercials REDUCED their shorts by 8705 contracts as of the close on Tuesday … more confirmation certain shorts do not want to be that way anymore.

Today was the first sign we have seen of actual panic short-covering … when gold approached $530, and then took it out. Could this be some "exhaustion buying?" Yes, we have had quite a run here. A correction from today’s high could be in the cards. Yet, if we get one, don’t think it will last long. At the same time, gold could easily open $20 higher from here on Monday. The gold shorts are in desperate shape. The handwriting is on the wall for MUCH higher gold prices. The size of the gold short position (thanks to The Gold Cartel) vis-à-vis the market fundamentals must be unprecedented. Thus, analyzing the very short-term from here, and after our ROCKET ride this week, seems serendipitous.

Gold sold off $4 off its highs and within the parameters of The Gold Cartel’s $6 Rule by the close. Incredible how we have seen this year after year. Therefore, it seems this was more of an organized takedown to calm down GOLD FEVER, than an exhaustion move. Especially eyeing how silver traded, which closed where it was trading almost the entire session, after a brief early sell-off and another brief spike up to $9.04.

The Comex silver floor loves the action. As we have noted, silver keeps moving up without the slightest bit of excitement. At some point in the near future, it will explode … and most likely do so when the market players least expect it to.

The silver open interest rose 305 contracts to 139,628.