Beiträge von Eldorado

    Seize Gold,
    Silver--and Everything Else, GATA Says


    Business Editors


    MANCHESTER, Conn.--(BUSINESS WIRE)--Aug. 22, 2005--The
    U.S. Government has the authority to prohibit the private possession of gold and silver coin and bullion by U.S.
    citizens during wartime, and, during wartime and declared emergencies, to freeze their ownership of shares of mining companies, the Treasury Department has told the Gold
    Anti-Trust Action Committee.


    But gold and silver owners aren't alone in such jeopardy.
    For the U.S. Government claims the authority in declared emergencies to seize or freeze just about everything
    else that might be considered a financial instrument.


    The Treasury Department's assertions came in a letter
    to GATA dated August 12 and written by Sean M. Thornton,
    chief counsel for the department's Office of Foreign Assets Control, who replied to questions GATA posed to the
    department in January. It took GATA six months and some
    prodding to get answers from the Treasury, but the
    Treasury's reply, when it came, was remarkably
    comprehensive and candid.


    The government's authority to interfere with the
    ownership of gold, silver, and mining shares arises,
    Thornton wrote, from the Trading With the Enemy Act, which became law in 1917 during World War I and applies during declared wars, and from 1977's International Emergency
    Economic Powers Act, which can be applied without
    declared wars.


    While the Trading With the Enemy Act authorizes the
    government to interfere with the ownership of gold and
    silver particularly, it also applies to all forms of
    currency and all securities. So the Treasury official
    stressed in his letter to GATA that the act could be
    applied not just to shares of gold and silver mining
    companies but to the shares of all companies in which
    there is a foreign ownership interest.


    Further, there is no requirement in the law that the
    targets of the government's interference must have some connection to the declared enemies of the United States,
    nor even some connection to foreign ownership. Anything
    that can be construed as a financial instrument, no matter
    how innocently it has been used, is subject to seizure
    under the Trading With the Enemy Act and the International Emergency Economic Powers Act.


    Having just gone through a controversy about a Supreme
    Court decision about government's power of eminent
    domain, most Americans may be surprised to learn that the Trading With the Enemy Act and the International Emergency Economic Powers Act could expropriate them instantly
    and far more broadly without any of the due process
    extended to parties in eminent domain cases. All that is
    needed is a presidential proclamation of an emergency
    of some kind -- and of course Americans lately have
    been living in a state of perpetual emergency.


    When the Trading With the Enemy Act was passed in
    1917, gold and silver formed part of the official
    currency of the United States and were essential to
    ordinary commerce, so perhaps an argument could be
    made then against "hoarding," even if "hoarding" could
    not be well defined. That is no longer the case; the
    United States has officially disavowed gold and silver
    as money and they no longer have a meaningful role in
    commerce. (GATA is working on that.) So gold and silver investors may want to ask their members of Congress to
    seek repeal of the statutes that give the government
    the authority to interfere with the private ownership
    of gold and silver, emergencies or not.


    And ordinary citizens with no particular interest in
    gold and silver may want to ask their members of Congress
    to reconsider these statutes simply for being wildly
    tyrannical.


    GATA's correspondence with the Treasury Department is
    posted on the Internet here:


    http://groups.yahoo.com/group/gata/message/3276

    @ Tschonko


    Die Katze ist im Sack. :D
    Leider fiel sie von 0.19 auf 0.18 nach meinen Kauf. :(


    Was ist nur mit PLL.V los. :rolleyes:


    ASX = Australian Stock Exchange


    Ich habe mir denen gewuerfelt die er im Uebersicht ueber Minen angedeutet hat .


    Er sagte die kommen ! :D :P :D


    Die sollen einige Reserven im Boden haben und sind momentan noch verwaesserter Penny stock.


    Mal ausprobieren :))

    Wenn es anders laeuft dann hast du deine Goldcalls falsch verkauft.
    Ich wuerde es auch hoffen an deiner Stelle das die 430 kommen.
    Wir werden es sehen wie du schon sagst.
    Meine Silbercalls zu 6.93 laufen gut bis jetzt, es steht ueber 7 USD. :P


    But expect the unexpected sage ich immer.


    Good luck to anybody.


    XEX

    @ Tschonko


    Old habits die hard, Straziatella Eis muss heute her, rein in den Eiskasten. Straccato Tschokolato ! :D


    Legte mal mit 20 cents rein,mal schaun ob die heute gehen.


    Tambok hat mich auch heiss auf die Kangaroos gemacht,morgen hole ich mir seine Aussenseiter, die koennten was werden, ich verlasse mich auf ihn. (BTV CRS DOM).AX


    Ich setze einen Stoploss das wars als Sicherheit.


    Weil man nicht schon genug hat von den Juniors lege ich ein wenig oben drauf "" auf den ASX """ :D.


    Den wollte ich nicht nochmals spielen,jetzt muss ich frueher aufstehen um live dabei zu sein. :D


    Mal schaun :rolleyes:


    Pfirty


    XEX

    Zitat

    Original von GSP-Komet
    Ein schöner Uptick und anschließend eine weitere positive Aufwärtsentwicklung, sollte die kurzfristige negative Stimmung bei dem Gold und bei dem Silber heute beenden!
    Bevor diese Handelswoche zu Ende ist, werden wir bei dem Gold über $451+++ und bei dem Silber über $7,30 notieren. :D ;)


    (Nur meine bescheidene persönliche Meinung!)


    mfg


    Ich bin der erste der Dir gratuliert wenn es eintrifft.
    Das ganze ist ein Cliffhanger im Moment.


    Mfg


    XEX

    @Ghost


    Bei dem scheiss Wetter in London und der miesse Sommer in Deutschland wuerde ich auch deprimiert sein ohne Sonne.


    Was meinst du wie viele uns an der Nase rumfuerhren wollen,davon gibt es genug im Leben, mit denen muss man Leben.


    Abwarten und Tee drinken, mach Dir einen nach Englischer Tradition und mach Dir warme Gedanken, denk Dir du bist am Indischen Ozean,so ganz alaan . :D :D

    @Ghost :(


    Eine thread dafuer ???


    Wenn du nicht meckern kannst oder zitierst bist du nicht happy habe ich den Eindruck, relax und just watch the show on the market,its a puppet show !


    Verstehe nicht das du dich so ueber Aschoff aufregst,der sagt ja nur das man mit oil $$ nun gold preiswert kaufen kann, keine Weltwaehrung.
    Die Muslim waeren ja bloed wenn sie ihre Petrodollars nicht in eine staerkere Waehrung der Zukunft oder in Gold und Silber von mir aus wechseln zu dem Sonderangebot. :D


    Vergisst mal die Ratio der Vergangenheit sie sind nur eine Leitzahl die auf anderen Verbrauch in der Vergangenheit berechnet sind.


    Der Unterschied ist der das wir Oil benoetigen/abhaengig sind und die Saecke nutzen das voll aus nachdem sie einmarschiert sind.


    Deswegen brauchst nicht gleich ausflippen selbst wenn er ein Arsch ist und den Hof nicht sauber hat mit seiner Meinung.


    Was sollten da wir sagen ?
    Vielleicht will du nun das Rad neu erfinden.. ?(


    Mit deiner Theorie.


    Das ihr Euch ueber die Ratio's so aufregen koennt verstehe ich gar nicht. ?(


    Ist mir egal so lange Gold und Silber in jeder Waehrung steigt.



    Mfg


    XEX

    Gold Charts R Us
    The bloodletting times are behind us
    Harry Schultz snippet
    Aug 22, 2005



    Unless I'm looking through the wrong end of this telescope, the Big Picture for gold stocks is pretty easy to describe this week. At least easier than usual. The consolidation led to an upside breakout, as I said was barely starting to happen as I wrote the PS lastime, & as I shorted the US$ & bought the euro on that pending mini-trigger. Thereafter, gold did indeed break out from the 440-445 holding zone, raced up to 455 (basis Dec futures) & began evolving into its new stature. Which is: the bloodletting times are behind us for gold shares (thank heaven) but not fully evolved into a new & major bull leg. Yet, that seems an almost bankable assurance.


    ••• Gold is testing its peak of last March at 456-459. All such tests take time to evolve, so we use this moment to plan our strategy, "knowing" that the wind is starting to catch our sails. We can loosen our stops a bit to give stocks a bit more breathing room. We can buy into mini dips (via individual charts) & plan to double up on breakouts of either patterns or resistance price levels. This is a no-stress moment, which we richly deserve.


    •••• Yet it doesn't mean we can let our guard down entirely as U can see from the Schultz Gold Stocks Advance/Decline Line which amazingly shows continued sideways action! The sun doesn't shine on flowers in the shade. While the robust golds are rising & looking good, a lot are not rising, meaning the average gold is simply standing still! That's why we keep deleting the underperformers in GCRU & adding (or bringing forward from the back pages) those that perform nicely. That's part of what U pay for in case U didn't realize it. And if U continue to hold weak stks, then don't expect a brilliant bottom line. It's easiest to prune by gradually selling off chunks of the weak & putting those funds into the better performers.


    •••• Our Keeper of the Spinner keys, Paul, says: "Most Spinner lines are in a steadfast bull mode, with blue confirming lines rising above zero, but red timing lines at or nearing overbought extremes - which opens window for backfilling/shorterm consolidation phase." So there!


    ••• The Schultz Gold Index (SGI), gold's Nasdaq, indicates higher highs possible but unlikely to see mega moves while the SGS A/D Line remains in sideways drift. But I don't think that will last much longer.


    •••• Silver needs a rise over 7.40 to underpin gold's breakout move. A close at 7.25 would probably bring in preemptive strike buyers.


    ••• To cover all bases, I must say: this evolving moment must see gold hold over 438-430 on dips to maintain its bullish momentum.


    ••••• Non-US$ currencies are all of a different hue! 3 Their overall color is yellow to green. Euro broke up, now pulling back a touch. Ditto SwFr, maybe will make a R/H&S. £ raced to 181.60, will probably move sideways for 2wks to make a right shoulder. Yen broke out, shocking all the shorts, looks positive, may dip a hair to .91. C-$ broke out of R/H&S, headed much higher, is best of the pack. A$& NZ$ both in strong uptrends but now face overhead supply If A$ tops .775, could streak to the moon. Even Mars. And the US$ index itself is correcting upside from its recent 3 wks fall. Is a short or re-short on rally to 88 +/- IMO. This is not a currency advisory letter, but I throw these comments in to give U the flavour of the forces that affect gold.


    ••• CRB is correcting, probably to 307-308.


    •••• I covered my 10-year note short at nice profit & now searching place to re-short.


    ••• Copper to new high.


    ••••• Merrill Lynch's 8/15 Precious Metals Calendar quality analysis says "Gold stocks valuations are pricey, but not excessive in view of likely higher bullion prices ahead, longterm" which they foresee. They say: "Since July 18, the S&P/TSX Gold Index has risen some 11%, on the back of a 6.0% move (to a 5-month high of $446/oz) for bullion. Gold equities have traditionally enjoyed a period of 'seasonal strength' from mid-summer to mid-autumn (with average returns of 24% & 9.4% for gold equities & bullion in 15 of last 17 years)."


    ••• Best looking golds in the glitter beauty contest: Anglo American again, Cameco maybe, FNX-T maybe, Gammon Lake, Meridian Gold, Rio Tinto again & forever (?), Teck Cominco maybe, Virginia Gold again, Yamana maybe. With so many good contestants, U can see why I say the gold Big Picture seems clear, & rosy. Certainly no ocean of top patterns as we saw in the dark ages, months ago. So eat (healthy stuff) drink (bottled water) & make merry, for 'tomorrow' we may see the kingdom of $500 gold & beyond. ·


    ••• Oh, one last thing. My friend Chick Goslin [email :: website] confirms what I have long said here, but not lately, so worth reiterating & getting his take. He analyzed his own trading for last year & found he had made profits of over 7 figures (over a mil) but that the overwhelming majority of trades were via taking profits of only $1000 to $1,500 per futures contract (in crude complex have to adjust this number up). Is risky when U try to maximize profits. Or using the area of 100 to 150% of margin profit works out very well. Many times when I do this, price will keep moving after I get out at this profit level, but when I hold onto a token number of contracts to try to maximize profits on those, am surprised by how many times I will end up getting out at same or worse profit than those where took profits at lower levels." This applies to stocks as well as futures. Take modest but acceptable profits as U go. An alternative is moving stops up VERY tight after U have reached that minimum profit target, & keep moving up. I tend to take the profit, via a fixed order price, which sometimes is an intraday high not seen again. Or I sell at the open if I liked the closing price & fear it may not hold there. But U can use a mixture of tactics, not the same in all situations.



    Bye from here.
    Uncle Harry


    http://www.321gold.com/editori…z/schultz082205_gcru.html

    @ Goldy


    Selbst wenn ich Dir den Hebel sage,der nur eine grobe Richtlinie ist, weisst du damit nichts anzufangen.
    Rechne mal doppelt, bei HUI 160 waere Gold bei ca. 380 USD.
    Da muesste der Dollar um 16% steigen,so mal grob gerechnet.
    Bei 1.10 USD/Euro koennte dann der HUI bei 185 sein.
    Bei Gleichstand koenntes du fast auf die 160 kommen aber das bleibt nur eine Vision von Dir.


    XEX