Beiträge von Eldorado

Hi Amigos

Nachdem ihr ueber dieses Thema Eure Meinung geschrieben habt bin ich Euch dankbar fuer die netten Worte. Ihr habt in vielen Dingen Recht und es ist nicht einfach in einen Forum zu sein. Ihr wisst alle da sind auch Neider und Terroristen die in oeffentliche Foren eindringen koennen und mit Absicht stoeren wollen die man eigentlich ignorieren sollte. Aber wie jeder Mensch habe ich auch meine Emotionen und manchmal geht es nicht und wehrt sich oft falsch dagegen.
Ich habe nichts gegen einen Joker der nicht durchdreht und den Bogen ueberspannt. Er gehoert dazu wegen dem Spass und der muss sein.
Ich hatte die Verwarnung von HW deshalb bekommen weil ich schrieb das Hpopth sich mal ausspinnen soll weil er es falsch verstanden hat. Ich bin mit Hpopth der ein weiteres gutes und wichtiges Mitglied hier ist im Frieden und die Probleme sind geloest. Wie ihr vielleicht wisst geht es am 14 Juni ab in den Urlaub bis 5 August und ich glaube nicht das ich noch viel schreiben kann aus Mexico. Ich schalte erstmal ab und ihr macht das schon locker weiter ohne meine Beitraege. Moechte gerne wieder auftauchen da ich mich soweit wohl gefuehlt habe und mit Euch kann man dabei sogar auch noch Geld dabei verdienen.

Schliesslich sitzen wir ja in einen Boot und dort sollte man die Moral hoch halten speziell wenn grosse Wellen auf uns zukommen und schlechte Zeiten da sind wie vor kurzen.

Herzlichen Gruss, alles Gute, und Danke nochmal.

Eldorado

Ich lege Euch noch die Crystallball News rein,eigentlich verboten.
Mittlerweile ist der teuer geworden so teil ich mit Euch.
Es sieht nicht so gut aus aber vielleicht irrt sich der Betrachter ?
Ich kauf ihn so und so nicht alles ab.

As predicted, the dollar was strong during the last week. When a good time comes for any commodity or currency, reports concerning it become positive and everybody gradually starts commenting on that subject. Five months ago, no one thought that the Euro could go down like it has, but time or the wave has made it happen. Negative news against the Euro slowly started floating and its holders and buyers soon began losing faith as well as money. Well, it doesn’t matter whether millions of people hold it or buy it; the wave is capable of breaking each and every barrier. Some of the questions in peoples’ minds today are whether the Euro will survive, how much further it will go down and if the correction over.

Let us now see what this week says:

PREDICTIONS FOR 6 JUNE TO 10 JUNE 2005

GOLD

Last week, gold went up on Thursday as predicted, a positive sign on a positive day. The US Dollar has also been moving up though its impact on gold has not been too negative in the last two months. The signs are therefore encouraging though the time factor for the medium term isn’t in favour of gold. Indeed, gold’s short-term outlook for the month of June as well as its long-term are remain positive. However, the same cannot be said for the medium term (three to nine months).

For this week, gold will trade on weak side but not have much changes in prices overall by Friday. Gold will be down from Monday to Wednesday though one can buy on Thursday and Friday.

Always bear in mind that the performance of gold will not be good for 2005. It looks weak after June and half of July and I shall update you if any changes occur.

This week Gold will move in the range of $426.80 to $416.80 (spot price).

SILVER

During the previous week, silver traded as though it had no relation with gold and the US Dollar. Indeed like I always remind you in the commentary, my long-term outlook for silver is very positive.

Silver will be sidelined this week or trade down till Wednesday. One can buy on Thursday or Friday.

Next week will be very important for metals and I shall do my best to guide you on how to plan for June and half of July.

This week’s low side will be $7.29 and if it breaks this level, then it could go to $7.20. On the upside, silver could move up to $7.66.

COPPER

For the most part of the last three years, I have been more than 90% accurate on copper. However, the last three weeks have been inaccurate and this alerts me that there may be something else. Today I have done a detailed study on copper and it seems as though it will have a sharp decline before Wednesday’s market close. If this doesn’t happen, then I shall recommend that you cover all short positions in it on Wednesday before New York’s closing.

PALLADIUM/PLATINUM

Both commodities will be range bound though one can start accumulating Palladium from Friday. No new buying is recommended in Platinum.

OIL

Oil went up quite strongly during the last week and I remembered that in March I had recommended buying oil from 19th May. On 18 May oil was trading around $47 and it would have been great buying at that price. I however missed that and recommended shorting it last week.

All my major predictions on oil in the last three years have been fulfilled.

This week oil will be weak therefore new selling RECOMMENDED but cover it around $51.10 and wait for my predictions next week.

Oil will trade in the range of $48.10 to $56.90 in the month of June.

I don’t see any rise in unleaded gas, heating oil and natural gas so please don’t buy them or hurry to cover your short.

TREASURY BOND

In my news alert, I recommended selling bonds on Friday. They went up and then a sharp decline occurred. For the short-term, one can short the bond because they may fall up to 115, though bearing in mind that my long-term outlook for the bond is very positive. Many traders that have been trading in the bond market for many decades are still not convinced about my long-term view. Well, I always leave everything to time as it unravels all answers.

CURRENCIES

The US dollar index is moving like a Tsunami wave. It is 100% in the grip of nature. The down side risk is 1.5% while there is no limit on the upside. Why therefore not with the rising nature wave. In the whole process of the dollar’s rise, the Euro was the most wounded. I see it stabilizing around 1.1880 and trading in the range of 1.1880 to 1.23.88 before moving down towards 1.12.

For the medium-term, all currencies shall steadily lose the battle against the US Dollar.

From Monday to Wednesday of this week, the dollar index and indeed all currencies will remain very volatile. Only active traders should trade, as price movements shall be very fast on both sides.
The dollar index should touch another new high early this week and then move down till early Thursday. From Thursday, the dollar will assert its dominance once again.

The dollar index will soon trade above 90.00 after being involved in a war-like situation with other currencies.

I sold part of my dollar index holding on a high last week and will buy again on weakness during this week.

OVERALL FOR THIS WEEK:

AVOID METALS TILL THURSDAY

SELL OIL, UNLEADED GAS, NATURAL GAS AND HEATING OIL

SELL EUROPEAN AND USA STOCK MARKET

Dear reader,

I herewith send you the link to an Introduction Report on two Canadian companies that are exploring in Papua New Guinea, i.e.

New Guinea Gold Corporation (TSXV-NGG) and South Pacific Minerals Corp. (TSXV-SPZ):

http://www.europeangoldcentre.com/members/newguineagold.pdf

Papua New Guinea has a long mining and exploration history with several major international mining companies involved. At present, four gold mines are in production in the country, but over the next two or three years, that number is about to double. New Guinea Gold Corporation will be one of the companies that will join the ranks of the producers.Although it will initially be a small producer with approximately 40,000 ounces of gold per year, it will bring three mines to production in 2005, 2006 and 2007, which could lead to an annual production rate of well over 100,000 ounces of gold.Besides this, the company focus for the next few years will be on finding and proving up additional resources for continuation of the production process.

South Pacific Minerals Corp. is the result of a reverse take-over and re-designed to become a major contender in the exploration scene of Papua New Guinea. Through the acquisition of an extensive portfolio of properties,which is currently being completed, the company can be considered as one of the largest diversified land holders in the country. The principal project will be the Mount Bini property, which has an inferred resource of a contained 1.6 million ounces of gold and 750 million pounds of copper.

Both companies have excellent prospects and are facing highly fascinating times.The current market valuation gives an opportunity to get into these situations at ground level, which does not happen too often.

As always, your interest is appreciated!

Regards,

Henk J. Krasenberg

European Gold Centre

@HW

Zum Abschluss moechte ich Dir sagen das es dumm war den wichtigsten und traditionellen thread von Gold und Silberpreis zu schliessen. Die Leserzahl wird enorm runter gehen wenn noch mehr Trolls hier weiteren Unfug mit deinen Segen/Toleranz betreiben koennen.Es gehen aber dadurch gute Mitglieder verloren und das Forum verliert kraeftig an Naehrwert. So was kann man ABN Abro bestimmt nicht empfehlen.

Wie auch immer, mache was Du willst, ich finde es nur schade wie die Sache hier geregelt wird. Der Troll wurde drei mal gesperrt und kam wieder erkannt, neu akzeptiert wieder als Peter Silly, Petzi, Peter 2,Schnitlauch,und Nostradmus bei der Hintertuer frisch wieder rein, natuerlich mit der selben Absicht wie vorher. Ich habe nur den Namen gewechselt weil ich die 2000 voll hatte und geschrieben habe dass ich kein Forengott werden will, sowie den Troll auszuweichen was ohne Polizei fast unmoeglich ist wenn man von ihm staendig angerotzt wird.
Ich wehre mich natuerlich auf meine Art da ich auch meinen Stolz habe und kein Schlucker bin der so was ignoriert und akzeptiert.
Der Troll geht mit Absicht immer wieder auf mich los und faengt auch mit anderen an zu stenkern wie du sehen kannst. Ich habe ihn gebeten mich in Ruhe zu lassen, er macht es aber nicht da er von Natur rotzfrech ist und nur Zoff sucht.

Wo sind denn die verprochenen Spiel und Verhaltensregeln des Forums die man reinsetzten wollte ,damit jeder Troll weiss was Sache ist. ????

Offiziell gibt es keine hier und das wird eben ausgenutzt von den Trolls wertvolle Mitglieder zu verscheuchen denen es Leid ist noch weiter zu lesen wie sie auch andere Mitglieder persoenlich angreifen und die Themen nur ins laecherliche ziehen wollen.

Ich schau mir das mal von der weite an wie es hier weiter geht und bin vielleicht Anfang August wieder dabei.

Ich schau mal was bei StockHouse in Canada und USA im Forum los ist und habe mich dort heute angemeldet da hier alles zum stocken kam nur durch nur ein unverschaemtes Mitglied das keinerlei Respekt zeigte andern gegenueber. Ich habe daher auch keinen Respekt vor ihm und bin nun raus bis hier richtig ausgemistet wird und ein System geschaffen wird das einen gewissen Schutz vor Trollangriffe gibt.

MfG

Eldorado

Tschuess , alles Gute !

Und so ein Narr von Peter Silly der USD Stoerenfried wird toleriert und staendig geschuetzt mit seinen Angriffen und bloeden Bermerkungen gegen viele Mitglieder.
.
Ja wo bin ich denn hier, im Kindergarten ? ..Anscheinend wollen die es aber so haben.

Ciao, Gogh und alle anderen wertvollen Mitglieder, jetzt bin ich aber dran !

Have a good and golden life !

Eldo

Silberinfo lacht sich eines was hier bei GS alles moeglich ist.

Well done HW !!!

I'm checking out now, you cant fire me, never !!!

@ alle

Einige haben mitgekommen das ich von Eldorado auf Bin Adabei gewechselt bin, sowie ein ewiger Streit zwischen Terrorist Nostradamus,
... Peter der 2, Petzi, Peter Silly und mir war. Ich wollte ihn vermeiden aber kann nicht mehr ausweichen oder ignorieren. Er geht zu weit !!

Ich bekam heute eine Drohung bzw. Verwarnung das ich als BA oder Eldorado aus dem Forum geschmissen werde von HORSTWALTER.
Man haelt wie immer zu Nostradamus, ein Narr der hier anscheinend gebraucht oder toleriert wird mit voller Narrenfreiheit, dieses von einen sogenannter ""Moderator"" der Goldseiten.

Ich habe so viel Stolz und lasse mich nicht verwarnen von HW, er kann hiermit offiziell mich nach 2006 Beitraegen hier rausschmeissen und Typen wie Peter das Grosse A den Vorrang bieten dieses gute Forum in dem zu machen was er anscheinend will, naemlich ....EINEN GOLD ZIRKUS FORUM !!!

Es tut mir leid und einige sind vielleicht froh das nun Schluss ist, mich juckt es nicht mehr und sage hiermit den HW ,..... kiss my, .. you know what !

Adios, loesche nun alles von mir wenn es dich aufgeilt, Moderator HW.

Good luck anyway !

Thanks Amigos, I'm out of here until Loco USD Peter is still here.

Eldorado

Bei 1.202 verkaufe ich eine Menge Dollars fuer Euro.
Huuuch, manche reden schon von 1 zu 1 !!!

Ich mach mir gleich in die Hose ! ...und kauf mehr GM und SM.

Vergesst nicht, min. 10% in Muenzen oder barren anlegen bei den Spottpreisen, wegen der Versicherung. :)) ..die man besser nicht einloest.

Das Zodia Computer System hat einen Trading Halt verursacht kurz vorm Schluss in NYSE , Computer Verwirrung oben drauf !

Jungs ihr seid jetzt im Eimer nach dem NON .....

Adios Amigos,lasst Euch nicht verarschen.

I'm so sorry for your Euro-pa..... so viele schwarze Sorgenflecken.

Goldverbrauch stieg um 26 % an, gute Nachricht. :))

Getting Rich off the Metals Rally!

Volume 6 - Issue 23 - Circulation 59,800

Dear investor,

I love it when a plan comes together, but I'd love it even better if you were there besides me taking advantage of it.

As you know I've been hot on precious metals for some time now. In the first quarter of 2002 I alerted my subscribers to the fact that gold was starting a new bull market. We then sold out that summer, bought on the dip in May of 2003 and rode the next subsequent bull rally up into December of 2003. In 2004 we bought in August and sold in November and bought a little this past February.

For the past few weeks we have been looking for the next major bottom in gold to use as a buy point in the gold stocks.

Well yesterday I sent out a special members only bulletin saying that I thought the bottom was in. I am buying again in anticipation of the coming gold rocket that is going to start to lift off at the end of the summer. You haven't seen nothing yet.

If you are anything like me than you no there is no greater thrill than getting fat gains in a matter of weeks and sometimes even days. You do that by being on the right side of a market trend and by investing in the stocks that are poised to benefit the most from the trend.

Last year when the gold and silver started their summer rally I called Yamana gold my top stock pick. It rose 200% from its June low to November high and it was quite a ride!

Now this year I've identified a promising silver exploration company that is poised to ramp up full production of over 9 million ounces of silver a year. Not many people know about this company despite the fact that is on track to produce 3 million ounces of silver this year.

The profits this company makes are going to be incredible. With fully reached annual production of about 9 million oz. silver, 122 million lbs. of lead and 40 million lbs. of zinc. At $7 silver, $0.40 lead and $0.45 zinc we are looking at about $129 million revenue (US $). Costs per ton figure close to $36/ton while metal value per ton is close to $800/ton. Most silver companies trade with market caps of at least 4 times sales. That would put give it a market cap of $516 million once it is in full production.

And since this company is relatively undiscovered it is only trading at a market cap of $80 million. Its a six-bagger.

Now do you see why I am so excited!

This is the type of potential that lays right ahead of us thanks to the bull market in precious metals and I plan on taking full advantage of it. You should too.

If there was ever a time when you should take a risk-free trial to WSW Basic it is now. I just sent a full report to my subscribers about this stock and it would be best if you would access it now before it goes up.

http://www.wallstreetwindow.com/riskfreetrial.htm

Sincerely,

Mike Swanson

Mit der Droopy runter habe ich gerechnet und ein drittel vorher verkauft bei 1.16 USD. Jetzt ist sie auf 0.96 USD, sie muss sich nun ausruhen fuer den naechsten Anlauf.

Ulfur

Ja, das hat er gerochen aber die Dollarstaerke geht auch vorbei wie alles im Leben. Aber bald gibt er gruenes Licht fuer POG und POS. Dann sollte der Zug voll anfahren. Darauf warte ich aber nicht da er sehr vorsichtig geworden ist mit seiner Vorhersehung. Bei 427 Dollar gebe ich auch ein Signal. Schaut nur auf den Gold/Euro Preis der spricht Worte. Nun heisst es warten bis die Welle vorbei ist .

Greed und Fear immer das selbe, diese Blase wird platzen und der Euro ist wieder bei 1.40 am Ende des Jahr. Die machen nur eine Panik und blenden die Schafe wie mit Google. Media Horror News, druckt ihr bald wieder die Deutschmark ?...... Bestimmt nicht !! 80% der Deutschen zittern um ihren Arbeitsplatz sagen sie.
It's all big Bullshit, Amigos. Die wollen der Herde nun General Motors Stock andrehen und Bonds, die sind eigentlich preiswert hoere ich gerade. Und Google, der Stock geht auf die 350USD !!

Was so ein Nein alles kostet ? (Flucht in den Fiat Dollar und T-Bonds)
Ja, aber nur kurzfristig in zwei Wochen sieht jeder welcher Zug nun besser war. Nach dem Bla,Bla, Bla, der Politiker.

Man spricht von Recycle Dollar und ich lachte mir eines als so ein Guru sagte das der umstrittene twin defizit der US keine Rolle spielt und Sache der Politiker ist. Switch on the printing press , if you are FEDup we send the marines. Just beat it or just print it !

Dieser Recycle ist aber mehr fuer Rohstoffe und vor allen Gold und Silber in der Zukunft.

Ausserdem, sagte er wir muessen alle dankbar sein das die Amerikaner so gut konsumieren weil sonst geht es uns ja noch schlechter.
Die sollen sich mal weiter verschulden, unsere Helden !

How'z that ??

Borrow it in Dollywood

XEX

Die nackte Wahrheit......was steckt wirklich hinter der USA ???

Nachdem ich gestern die Victoria kaufte VIT.V brauchte ich natuerlich einen Ritter WKR.V fuer die Dame im Cortez Trend.
Ausserdem passt Cortez gut zu Eldorado.

White Knight Commences Nine Property Drill Program
Wednesday June 1, 9:00 am ET

VANCOUVER, British Columbia--(BUSINESS WIRE)--June 1, 2005--White Knight Resources Ltd. (TSX VENTURE:WKR - News) is pleased to announce that the 2005 drilling season in Nevada is underway. Given the highly prospective nature of the Cortez Trend, an exceptionally intense drill season is expected. Due to the increased demands on the drilling industry in Nevada, drill rig availability has been somewhat behind schedule.
The following timeline is the Company's best estimation of the 2005 schedule for the nine properties to be drilled:

Lets drill and google later !!

Slaven Canyon Project, Cortez Trend

The Company is scheduled to commence drilling in the first week of June 2005 with the first of two rigs. The second rig is due to arrive at Slaven Canyon on June 25, 2005. The total drilling in this initial phase is estimated at 15,000 feet in 7 or 8 holes.

McClusky Pass Project, Cortez Trend

The Company is scheduled to commence drilling the first of five holes on July 25, 2005.

Gold Bar District, Cortez Trend

The Company is scheduled to commence drilling 18,000 feet in 30 holes on two prospect areas, Cottonwood and Gold Pick, on August 15, 2005.

Fye Canyon Project, Cortez Trend

Teck Cominco American Incorporated holds an option to earn an interest in this property and intends to drill 10,000 feet in 7 or 8 holes and is expected to commence July 20, 2005.

Celt Project, Cortez Trend

Teck Cominco American Incorporated holds an option to earn an interest in this property and intends to drill 10,000 feet in 10 to 12 holes and is expected to commence September 1, 2005.

Indian Ranch Project, Cortez Trend

Placer Dome U.S. Inc. holds an option to earn an interest in this property with an obligation for 2005 of a minimum 5,000 feet of drilling. The Company has yet to receive a drill schedule from Placer Dome.

New Pass Project, Austin Lovelock Trend

Bonaventure Enterprises Inc holds an option to earn an interest in this property and intends to drill 5,000 feet of RC drilling and 1,000 feet of core drilling over a total of 10 to 20 angle holes commencing in early July 2005.

Squaw Creek Project, Carlin Trend

This project is also joint-ventured with Bonaventure Enterprises Inc. The planned program for 2005 includes 6,500 feet of drilling in 4 to 6 holes.

About White Knight:

White Knight is a gold exploration company active in generating and exploring mineral prospects in Nevada, USA. The Company currently controls the second largest land holding in the Cortez Trend of Nevada. Its property portfolio includes 18 properties (over 60,000 acres), fifteen of which are located in the Cortez Trend. The total anticipated drilling exposure during the 2005 field season is expected to be approximately 70,000 feet on nine properties.

On behalf of the Board of Directors,

John M. Leask, P.Eng., Chairman of the Board

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

White Knight Resources Ltd. (TSX VENTURE:WKR - News)

--------------------------------------------------------------------------------
Contact:
White Knight Resources Ltd.
Kareen McKinnon
(604) 681-4462
Fax: (604) 681-0180
info@whiteknightres.com
http://www.whiteknightres.com

Und ganz zum Schluss kaufe ich heute noch Vista Gold und Eldorado,die fehlten noch da sie nun Afcan Mining uebernehmen wollen und in China einsteigen.
Naja, passt schon nun bin ich endlich zu Eldorado gekommen und damit 2000 Postings hier gemacht habe.

Der Einkaufskorb ist nun voll, glaube nun das Beste ist drin.

Gruss und viel Glueck bei Eurer Aktien.

Eldorado

Man muss sich bei den Preisen beeilen......

Eldorado und Afcan Mining sind nun zusammen in China..
Somit bin ich jetzt auch in Eldorado

Eldorado to Become Significant Gold Producer in China Through Acquisition of AFCAN Mining Corporation

Tuesday May 31, 8:38 am ET

TORONTO, ONTARIO and VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 31, 2005) - AFCAN Mining Corporation (TSX:AFK - News; "Afcan") and Eldorado Gold Corporation ("Eldorado", the "Company" or "we") (TSX:ELD - News; AMEX:EGO - News)

today announced that they have entered into an agreement whereby Eldorado will acquire all of the issued and outstanding shares of Afcan. Afcan is an emerging gold producer that owns an 85% interest in Tanjianshan Gold Project in Qinghai Province in Western China. The transaction will join Eldorado's development, operations and financial strength with Afcan's high quality Tanjianshan development and exploration project to create one of the leading gold producers in China.

Under the terms of the agreement, Afcan shareholders will receive one common shares of Eldorado for every six and one-half (6.5) common shares of Afcan. Based on the 30-day volume weighted average trading price for Eldorado common shares on the Toronto Stock Exchange of Cdn$2.88, the transaction values each Afcan share at Cdn$0.44, a premium of 25% to Afcan shareholders based on Afcan's 30-day volume weighted average trading price. Eldorado will issue approximately 20.4 million common shares under the transaction such that at closing it will have approximately 296.9 million common shares outstanding. In addition, Eldorado will issue one Eldorado warrant for every 6.5 outstanding Afcan warrants. Each Eldorado warrant will have an exercise price equal to 6.5 times the exercise price of the Afcan warrant in respect of which such Eldorado warrant was exchanged and will have a term to expiry which is the same as such Afcan Warrant. All other terms and conditions of the Eldorad!
o warrants will be substantially similar to those of the Afcan warrants.

The Board of Directors of each company has unanimously approved the transaction. Certain shareholders, officers and directors of Afcan, holding approximately 37% of the outstanding shares of Afcan, have agreed to enter into lock-up and support arrangements with Eldorado under which they will vote in favor of the transaction. If Afcan terminates the transaction as a result of a superior offer, Eldorado will receive a break fee of Cdn$2.0 million.

The transaction is expected to close no later than September 23, 2005 and is subject to, amongst other things, typical closing conditions, approval by Afcan shareholders and regulatory authorities and confirmatory due diligence by Eldorado within 30 days.

A feasibility study compiled by independent consultants, RSG Global Pty. Ltd., in April 2005 estimates the Tanjianshan Project to contain proven and probable reserves of 944,000 ounces (6.0 million tonnes @ 4.9 grams per tonne). The feasibility study projects total gold production of 842,000 ounces over an eight year mine life with an Internal Rate of Return of 32%. Detailed engineering, design and procurement have commenced and gold production is expected to begin in the first quarter of 2007.

David Netherway, President & CEO of Afcan commented, "This transaction ensures that the financing and construction of the Tanjianshan Gold Project is secure and will continue on schedule without further dilution to our shareholders at current market prices. Eldorado will become one of the leading gold producers in China with a stronger and more diversified production profile for the coming years."

"This combination with Afcan contributes significantly to our strategy for China and is beneficial for shareholders of both companies." said Paul Wright, President and Chief Executive Officer of Eldorado. "Afcan shareholders receive a premium offer for their shares and an ensured timely development of the Tanjianshan Project. For Eldorado, the Tanjianshan Project represents a low cost, low risk entry into China that offers both immediate and long term value creation. We are extremely excited with the Tanjianshan Project, where we see significant opportunities to increase the reserve base as well as to improve project performance beyond the existing feasibility study. In addition, the prospective land position adjacent to the project has clearly established itself as being meritous of further exploration investment."

Mr. Wright added, "This transaction is accretive on key financial metrics and significantly increases gold leverage per Eldorado share both in terms of reserves and production. Eldorado remains a pure gold company with no debt and is 100% unhedged." In addition, he stated, "The addition of the Tanjianshan Project enhances Eldorado's industry leading growth profile with annual production expected to grow to approximately 600,000 ounces by 2008 without further equity dilution."

Afcan has retained Westwind Partners Inc. as its exclusive financial advisor. Orion Securities Inc. acted as financial advisor to Eldorado.

Eldorado is a gold producing and exploration company actively growing businesses in Brazil, Turkey and China. Eldorado's international expertise in mining, finance and project development, together with highly skilled and dedicated staff, is well positioned to grow in value as the Company creates and pursues new opportunities.

Afcan is a mining company focused on the exploration and development of gold and base metal deposits. Afcan's principal property asset, the Tanjianshan Gold Project, is located approximately 80 kilometers northwest of Dachaidan in Qinghai Province (northwest China). A feasibility study has been completed on the project and is filed under Afcan's name on SEDAR (http://www.sedar.com). Afcan also possesses a number of other gold exploration licenses in West Africa.

Goldinvest
Vielleich sollte er mal mit Glasreiniger putzen ?
Silber ist Z.Zt.bei 7.39 USD
Crystalball hat mir heute noch eine News geschickt:.....
Immer langsam mit Silber,nicht gleich voll reinspringen weil es nun so hoch ist denn es kann eine Korrektur wieder geben.

Mal schaun

XEX

GATA:

Our STALKER source called. His gold dealer is bullish re the euro outcome. Says gold going much higher. The STALKER source himself said physical market business was booming today.

The gold open interest rose 602 contracts to 259,011, while the silver open interest gained 670 contracts to 105,670.

While gold closed in new low ground for the move and has broken down technically from a chart standpoint, the case builds for gold to move a great deal higher, not lower. Today’s low of $412.70 ought to be it.

As MIDAS has been ranting for the past week, silver is its own animal and if it wants to explode, the outside financial markets, including gold, won’t mean a hoot. Matter of fact, the best silver move of all is when it does what it did today. Gold down, euro sharply lower, yet it powered its way up all by itself.

Silver was the shining star for our camp by leaps and bounds. Right off the bat it refused to follow gold down. After making a low of $7.13, right at Friday’s low, it gradually bucked the gold onslaught and ground its way to unchanged. Once through unchanged it rocketed up, reaching the $7.50 area before some profit taking took hold. If silver can move like this without any help from gold and the dollar, what will it do when those markets turn?

Why is silver on a roll? Rumors are circulating there are some delivery problems, which is par for the course. Hard to say what is really going on except it is about time. Silver bulls, including myself, have been talking about silver taking off for years. It could just be the shorts just can’t hack their price suppression scheme anymore because they have plumb run out of silver to meet the rising demand. It had to happen one day. Why not now?

Some positive anecdotal silver input. A Café member went to Pan American Silver to buy some physical. However, two buyers showed up the other day (according to our source) and took 2.2 million ounces worth, clearing Pan Am out for the time being.

Silver's bullish technicals:

*It continues to move like it should after breaking out Friday from its very positive bullish wedge formation. Perfect follow through.

*It made a short-term double bottom Friday and today.

*First price objective for many floor people is $7.74.

*The open interest can handle sizeable new buying before it gets overdone from a historical perspective.

http://www.gold-eagle.com/editorials_05/lee053105.html

No Problemo PL

RBI.TO

Last Trade: 1.89 CAD
Trade Time: May 27
Change: 0.00 (0.00%)
Prev Close: 1.89
Open: 1.85
Bid: 1.86
Ask: 1.89
1y Target Est: N/A

Day's Range: 1.85 - 1.90
52wk Range: 1.37 - 2.34
Volume: 0
Avg Vol (3m): 114,809

SSRI gehoert in jedes Depo
Die verdreifacht sich locker und ist wie eine Silber Option ohne Datum.
Klasse Management und deren Explorer ist EPZ.TO.(preiswerter Titel IMHO)
Zehn Dollar fuer SSRI sehen wir nie mehr Amigos.

Gruss

XEX

Tuesday, May 31, 2005, 6:06:00 PM EST

Gold and Dollar Market Summary
Author: Jim Sinclair

Dear CIGA:

Gold is not a game, not a commodity, but rather a currency. Its primary duty is the preservation of generally hard earned wealth in a world of inflated paper assets built by temple money changers of old who are neither accustomed to sweat nor calluses.

I have no problem at all with a counter trend dollar rally and in fact cautioned those of you that trade when the USDX failed to break the .8050 after five tries. Yet the dollar rallies as the deterioration of its fundamentals accelerates.

The US Pensions Benefit Guarantee Corporation, an entity funded by government funding, has a deficit now of USD $23.3 billion. The USPGC is forecasting a rise in that deficit to USD$ 100 billion under present conditions. Imagine what the roll over of the US economic recovery means to that - let alone a period of downward economic activity.

Emphatically, I see this dollar counter trend rally being of limited duration and extension.

The US is a country with a larger and more active economy than any other and it has a consumer base that borrows without end as long as foreigners are willing to finance their purchases.

Jim Sinclair’s Commentary:

The basis of my difference with those advisors who have garnered their paying clients from within the Gold Community is the disconnect predicted between the US dollar and gold, not the potential of a counter trend rally common to the dollar on every one of the many bearish head & shoulder breakdowns.

The dollar bulls that gloat over their present small success as measured by the recovery versus the size of the fall and counter trend recovery are boosting their egos at an unprecedented point in their careers thereby toying with axiomatic dangers that usually precede an extreme personal embarrassment.

A rally in the US dollar therefore locks and loads a larger US Trade Deficit while there is no real potential to either half the US Federal budget by 2009 or in any major way curtail the fiscal year 2005 budget.

The major US indicator and ingredient to a lower dollar - regardless of the fact that the euro is a basket of junk - is the US Current Account Deficit. With the US Trade balance certain to grow, potential for a continuation of the dollar rally at the expense of the euro, and with the Federal budget out of control, the Current Account Deficit could balloon to USD900 billion or more by 1/1/2006

The problem that gold has is not the US dollar as measured by the USDX but the lack of those who will say:

1. We are in a generational bull market in gold that will favor investors as it did in the period 1970 through 1980.
2. Gold’s primary purpose is to insure.
3. Trading gold for insurance has never worked except in the case of Bert Seligman who was a major gold trader from 1968 until the late 1970s. Jesse Livermore traded everything but almost went broke proving that if you trade everything all the time and are great you only break even in the end.
4. However, the major problem that gold has is that - with the exception of John Embry and me - there is no one willing to speak out concerning the fundamental reality of the underlying reasons why gold cannot and will not be defeated. Mr. Embry just finished a web cast presentation of his feelings on gold with a significant outline from BIS figures of the size and potential of over-the-counter gold derivatives. I have made my DVD and expect clips of it to be on Bloomberg TV this coming Thursday at 10:36 AM,11:06 AM, 11:43 AM, 12:52 PM, 2:43PM, 3:52 PM.

There is a strong possibility that an interview I did for the New York Times Sunday magazine on gold will be published this coming weekend.

So I ask you who is best able to explain exactly what gold is all about, what makes it happen, when it will happen and what it will do - people like Embry and Sinclair or the carpetbaggers whose actions exaggerated gold’s weakness and blunted its strength?

All we have in the goldfield was clearly demonstrated at the New York Gold conference. All advisors of note were there vying for the position of who called every top, speaking bearishly about gold, all with their own motivations be it fund management or simple subscriptions for their newsletters.

The result of this lapse of cohesive leadership is that when the dollar rises gold’s decline is exaggerated and the appreciation of gold as the dollar falls has been muted. So those that are right now beating their chests in public and cheering for the US dollar as they pan gold whilst calling themselves gold advisors should be ashamed of themselves.

Please do not forget the words of former Fed Chairman Paul Volcker, former Treasury Secretary, Robert Reuben and the Chief Economist of the OECD, all of whom recently made the point that only policy changes can prevent further declines of the dollar.

In global trading, the dollar fell - to $1.24. Is this all there is?

The papers are all screaming about the new "crisis" in Europe, following the French vote on Sunday - especially the U.S. papers. You'd think the dollar would move more than a penny. That it did not is either telling...or misleading.

We sat down with the newspapers and strong cup of coffee this morning. One or the other of them gave rise to a rush of thoughts, which we write down hastily lest we forget:

*** that ideas are shaped by theory
*** that theories arise largely as they are needed - to explain and justify what is happening
*** that without the right theory at the right time a man is blind to what is going on around him
*** that the U.S. press bends to the demands of empire, without recognizing it
*** that Europe is not in a crisis at all....that it is probably better off after the "no" vote...
*** that Americans' theory has totally misled them into thinking they are getting richer, when in fact they get poorer everyday
*** that Europe is actually growing faster and getting richer than America....
*** and that this would be a good time for an investor to switch out of dollars and into euro...or gold.

Our conclusions will be familiar to you, dear reader. But even long suffering Daily Reckoning readers will find something new in the logic that leads us to them. Once we stopped worrying and began to admire the American empire were able to see all sorts of new and amusing features. Things that had not made sense to us previously were still absurd, but less mysterious.

"Huge setback for stronger Europe," said a Wall Street Journal headline. The Journal has been perhaps the leading rag for the imperial agenda. Its editorial pages never met an overseas military adventure they didn't like or a military expense they didn't want (someone else) to pay. Of course, this makes perfect sense. The Journal is America's business paper and is clever enough to understand what business America is in and how it works. The business of empire is providing order and stability so that markets can function. It is fundamentally a policing business...a military business...a business that relies on force, rather than persuasion.

That is the theory (idea) that drives the Wall Street Journal and the current administration. It is also the theory that has shaped modern America, though few people realize it. American economists see the trade deficit either as a plus...or don't see it at all. We are just sopping up a "glut" of savings worldwide, says Ben Bernanke. The trade deficit is a result of the fact that Americans' debt is increasing twice as fast as their income; yet, this information has no place in the theory of imperial finance. So it is invisible. It doesn't seem to matter. Nor does the fact that profits in the manufacturing sector have collapsed have any place in the imperial financial model. The U.S. economy is superior, they believe. They see their job as discovering how it is superior. There is no model of traditional economics that could explain it; they are forced to rely on empty words, such as "dynamic," "flexible," "innovative," and so forth. The words may mean nothing, but at least they sound good.

Almost all Americans who read yesterday's news saw the French vote as a setback. They could not imagine that a weak central government might be a good thing, because a strong central government is necessary to imperial ambitions. America has a strong central government; America is the world's only superpower. Therefore, strong central government must be superior. You don't see Europe invading Iraq...or Afghanistan. It has no strong central government. It has no strong military. It has no imperial ambitions. The Europeans were so traumatized by two wars in the last century; they've had enough of military adventures - at least for the present. Instead, they've turned inward - to focus their energies on providing public holidays and public health care. You can see this simply by reading the paper. The American press looks outward and sees opportunities to build a better world. Editorial pages explain what to do about China's money...or Africa's health problems...or Japan's ec onomy...or even Europe's government.

European papers tend to look at their own problems - failures of the health care system, national elections and political fractions. In London, the papers went wild after a man was beaten up and left for dead by a pack of "yobs." The Labor government felt it necessary to address the issue of lawlessness in the 'Queen's Speech,' promising to re-establish law and order. Yet, the murder rate in London is only 2 per 100,000...compared to 70 per 100,000 in Washington, D.C. Even in Iraq, an American soldier has less of risk of getting gunned down in the streets, with a death toll averaging about 60 per 100,000 since the end of the war. But in Washington, crime is for the back pages of the paper. It is considered ignoble 'naval gazing' to worry about such matters in America. Instead, the front pages are devoted to bringing American-style law and order to Iraq and Europe! We can barely contain ourselves when we think about it, dear reader. Our diaphragm convulses in laughter; our sides begin to hurt.

Tschonko

Ich habe noch ein paar 8 USD Silber Calls bis 11/05 und 3/06.
Moechte gerne mal wieder die Crimex Bande zur Kasse bieten zur Abwechslung.Immer heiss mit Optionen
Koennte damit verdoppeln wenn es so weiter geht, kaufte die bei ca. 6.50 USD. Bin zu 70% in Silbermines, wechsel spaeter dann in mehr Gold und GM's
Die koennten den Schaden gut machen von Swanepoel, X(.. der Sack hat mich ein Vermoegen gekostet, ebenso der starke Rand der nicht vorher runter ging.

Aja, bevor ich es vergesse, die MAG.V und MMM.TO ist auch ein Schnaeppchen aber ich habe schon genug im Depo. Just watch this ones too on your Radar.

Cheers

XEX

Goldrea habe ich Euch schon mal vorgestellt.

http://www.321gold.com/editorials/hoy/hoy053005.html

Tschonko

Freut mich fuer dich, gute Nacht

Mines Management Reports First Quarter 2005 Results
Tuesday May 31, 8:24 pm ET

SPOKANE, Wash--(BUSINESS WIRE)--May 31, 2005--Mines Management Inc. (AMEX:MGN - News) announces financial results for the first quarter, and updates to the company's operations.
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The company reported a net loss for the first quarter ending March 31, 2005, of $1,147,770, or $0.11 per share versus a loss of $1,561,804, or $0.17 per share for the prior year quarter ending March 31, 2004. The decrease in net loss for 2005 of $414,034 was due to a decrease in non-cash stock option expense of $667,126, a decrease in fees and licenses of $58,307, and increase in interest income of $40,991, offset by increases in administrative expenses of $243,767; salaries of $84,257; office rent and expense of $12,860, and other miscellaneous expenses of $11,506. Administrative expenses increased as a result of heightened investor relations activities and higher salary expense due to the addition of two employees, the Chief Financial Officer and the Vice President of Operations.

In the first quarter of 2005, the Company worked to advance the Montanore Project. The re-permitting process was initiated with state and federal agencies. Mines Management submitted the Hard Rock Operating Permit and Proposed Plan of Operations for the Montanore Project to the U.S. Forest Service and Montana Department of Environmental Quality, and is currently responding to the initial comment letter received from the agencies.

During the quarter, McIntosh Engineering was engaged to conduct underground mine planning, optimization and trade off studies. McIntosh will coordinate with Hatch Ltd. toward completing a final feasibility study prior to year end. Mine Development Associates was engaged to complete a reserve review and reports that conform to S.E.C. standards and to Canadian National Instrument 43-101 standards.

The Company's President and CEO, Glenn M. Dobbs, stated, "The company's higher level of spending for 2005 is reflective of the increased activity level on the Montanore Project. This is an exciting time for the Company as serious steps are being taken to advance the project toward ultimate production. The re-permitting process is moving forward, and we were gratified to receive support from the Governor of Montana, as well as the community leaders from Lincoln County and Libby. The recent completion of a Memorandum of Agreement (MOA) was a major step forward as it provides us with a solid understanding that the permitting agencies can assist us in completing this process in a reasonable time period."

Dobbs went on to say, "Operationally, the feasibility work will better identify the optimal approach for mining at the Montanore to enable us to proceed with financing and construction decisions."

At the end of the first quarter, the Company had approximately $6.0 million in cash and investments. Expenditures are expected to increase in 2005 due to re-permitting and feasibility work.

For 2005, the Company plans to focus on advancement of the Montanore Project with a strong emphasis on the re-permitting process, feasibility study, reserve review and development of an underground definition drilling plan.

Mines Management, Inc. is a U.S.-based mineral development company focused on the exploration and development of silver dominant deposits. The company's primary project is the Montanore Silver-Copper Project located in northwestern Montana.