Beiträge von Eldorado

    Gold May Rise as Alternative Asset to U.S. Stocks, Survey Shows


    May 2 (Bloomberg) -- Gold may rise this week on speculation investors will buy the metal as an alternative to slumping U.S. equities, a Bloomberg survey showed.


    Twenty-four of 50 traders, investors and analysts surveyed from Melbourne to New York April 28 and April 29 advised buying gold, which rose 50 cents last week to $436.10 an ounce on the Comex division of the New York Mercantile Exchange. Eighteen recommended selling the metal, and eight were neutral.


    Gold climbed 13 percent in the past year, reaching a 16-year high of $458.70 in December, as a declining dollar sent investors looking for alternatives to U.S. assets. Newmont Mining Corp. President Pierre Lassonde said demand for gold is so strong that metal refiners in Switzerland and Australia are ``working 24- seven putting product out.''


    ``People are very keen to use gold as an alternative currency, an alternative asset,'' Lassonde, 58, said in an April 27 telephone interview from the company's headquarters in Denver. Newmont is the world's largest gold producer.


    Gold's 0.1 percent gain in New York last week was anticipated by a majority of analysts surveyed April 21 and April 22, who predicted a gain. Bloomberg's survey accurately forecast the direction of gold prices in 31 of 53 weeks, or 58 percent of the time. Gold rose 1.2 percent last month, and is up 13 percent from a year ago.


    Hedge-fund managers and other large speculators increased their net-long position in Comex gold futures by 20 percent to 137,777 contracts in the week ended April 26, the Commodity Futures Trading Commission said April 29. A futures contract is an obligation to buy or sell a commodity at a set price by a specific date.


    Link to Dollar


    The rally in gold over the past year has largely been linked to a drop in the dollar against the euro. Gold rose last week even as the dollar gained against the euro.


    ``People are buying gold to preserve capital,'' said Ian MacDonald, managing director of precious metals trading in New York at International Assets Holding Corp., an Altamonte Springs, Florida-based brokerage and asset-management company. ``If you look at the fundamentals of the euro, the yen and the dollar, none of them are good.''


    Gold has moved in line with the euro's change against the dollar, at a correlation coefficient of 0.66 this year. The maximum reading is 1. The coefficient measures the degree in which two variables move in unison. As much as 95 percent of gold's price is inversely correlated to the dollar, Newmont's Lassonde said.


    Regain Appeal


    ``Gold will regain its earlier appeal as the dollar rally is temporary and the bubble may burst in the next few weeks,'' said Jay Mehta, managing director of Mumbai-based Maximus Commodities.


    The appeal of precious metals also has improved as U.S. stocks declined because of concern for slowing U.S. economic growth and inflation, said Michael Martin, a broker at stock and bond brokerage company R.F. Lafferty & Co. in New York.


    ``People can't figure out what to do in the stock market, and they can't figure out bonds,'' Martin said. ``People are very nervous, and that's a good environment for gold.''


    The Dow Jones Industrial Average, up 0.3 percent last week, fell 3 percent last month and is down 0.8 percent over the past year. The 10-year U.S. Treasury note's yield has dropped half a percentage point from its high of 4.69 percent this year in March even as the Federal Reserve has raised interest rates.


    `Bullish for Gold'


    The Federal Reserve tomorrow is expected to raise its target for overnight bank lending to 3 percent, below the 3.1 percent annual U.S. inflation rate in March, based on a Bloomberg survey of 93 economists.


    ``Real short-term interest rates are still low to negative, and that traditionally has been bullish for gold,'' said Michael Cuggino, who manages $350 million at San Francisco-based Pacific Heights Asset Management LLC, including about 115,000 ounces of gold bars stored in bank vaults.


    Newmont's Lassonde predicts gold will trade between $425 and $475 an ounce this year.


    ``For the first time in three years, we're going to see the gold price going up at the same time as we might see the dollar firming up, because of the perceived rise in interest rates,'' Lassonde said. Gold may rise on its own, either as investors seek a hedge against declines in stock and bond prices or as gold takes on a role as a currency on its own, he said.


    Stocks are trading at a historically high ratio to gold, at 23 to 1, based on the Dow Jones Industrial Average at about 10,200 and gold at $436, Lassonde said. Over the past 100 years, the ratio peaked at 42.35 to 1 in August 1999 and went to as low as 1.33 to 1 in 1980, when gold reached $873, he said.


    `Room To Go Up'


    ``When you look back in history, it's quite interesting, the ratio always comes back,'' Lassonde said. ``You could have the Dow coming down appreciably from here, but it still leaves an awful lot of room for gold to go up.''


    The economic slowdown that is hurting stocks may also hurt gold, said Thomas Au, an analyst at financial consulting company R.W. Wentworth in New York.


    Slower growth reduces investor concern inflation will accelerate, making gold less appealing as an alternative, said Au, who has correctly predicted the weekly direction of gold prices 61 percent of the time in the Bloomberg survey. He expects gold prices to fall this week, the first decline he has predicted since the survey began last year.

    ""Riding with a hidden or blind wave"" :D


    Predictions for 2 May to 6 May 2005


    GOLD


    Last week gold remained in range as predicted but the up and down movements came on different days. It does not inspire confidence when something goes down on a positive day and goes up on a negative one. I therefore cannot predict a strong upward move as time is making fools of us. I therefore advise that you stay away from any long term buying position.


    During this week, Monday will be the weak day for gold, Tuesday will remain positive, whereas it will move on both sides come Wednesday. Any downward trend can therefore be taken as a buying opportunity, while a strong rise till Friday should be taken as a selling opportunity, such that you won’t be carrying any position into next week.


    The current time is still directionless for gold. Therefore consider carefully before you put your hard earned money into it. I am still waiting for the right timing before I give you the alert to buy. June should be for gold while silver will also strongly move up during next month.
    I am sure that you must have sold gold as advised on Friday. Though it is trading above the important astrological support ($428.80), it still looks weak to me :D,
    Until it breaks $439.20.


    SILVER


    Silver has broken an important astrological support of $7.11 (which I indicated in last week’s newsletter). Until it crosses this level once more, it will remain directionless. Don’t therefore trade in it with big quantities.


    Wait till it crosses $7.11.


    Tuesday could be a positive day for silver but overall this week will remain directionless.


    Like gold, June will also be a good month for silver.


    CURRENCIES


    The dollar index will trade within the trading range during this week, with Friday’s close being above last week’s close or new high of 2005. All other currencies will remain directionless and will continue moving down.
    I am not at all excited about talk of Yuan revaluation and I don’t know you Yen and other currencies went up on Friday. They are telling to sell them.


    My recommendation is that one should accumulate the dollar index if it goes to USD/Index 84.



    ....... if it doesn't ....http://www.superlaugh.com/than…stamp=2005_05_02_04_07_54


    ..... and if it does.....
    http://www.guzer.com/videos/numa_numa.php

    90 inmates share one toilet


    01/05/2005 16:27



    Johannesburg - Conditions at the Johannesburg Prison were "totally unacceptable," correctional services portfolio committee chair Dennis Bloem has said.
    Speaking after an inspection visit to the jail on Sunday, Bloem said the facility's infrastructure was "suffering" as a result of overcrowding.


    "In the awaiting-trial prisoners section which I visited, there were 7 000 inmates, three times more than what that area can accommodate.


    "The one prisoner I spoke to said he has been awaiting for his trial for seven years now, which is unfair.


    "What will happen to him should he be tried and found not guilty after such a long time behind bars?"


    Bloem said in one cell, 90 inmates had to share one toilet and shower.


    "The sewage system there is suffering and toilets are blocked and everything. The conditions are really appalling," he said.


    Bloem said Johannesburg Prison was designed to accommodate about 6 000 prisoners but currently housed 14 000.


    He said there needed to be an investigation into why courts were taking so long to have prisoners tried.


    "This is why we support the Minister's (Ngconde Balfour's) decision to have some prisoners - arrested for petty crimes - released," Bloem said.


    He said the government was currently in the process of building prisons in Kimberley, Leeuwkop, Klerksdorp and Nelspruit which were expected to be completed during the current financial year.


    Bloem said he would be visiting more prisons around the country this week.


    News24/SAPA

    Robbers play cops in Kimberley


    30/04/2005 18:18 - (SA)


    Johannesburg - An ex-policeman and four others have appeared in court in Pretoria following their arrest for a robbery in Kimberley in which they allegedly masqueraded as police, Northern Cape police said.


    Police found police uniforms, bulletproof vests, date stamps, blue police lights and two unlicenced firearms at some of group's homes, Captain Tony Modise told reporters.


    At their hearing on Friday, the case was postponed to May 3, when they will appear in the Kimberley magistrate's court.


    They were Jack Pos, 33, of Leondale, Alberton; Oupa Abel Mawela, 47, of Mamelodi in Tshwane; Sifiso Sammy Mkhonto, 25, Johannes Mokatseng, 48, of Galeshewe, Kimberley and former Mamelodi policeman Simon Sello Mahlakoana, 44.


    The five were arrested in Kimberley with the assistance of the police dog unit from Gauteng :D, in an operation that ended on Thursday, Modise said.



    Crime Statistics RSA :
    http://www.saps.gov.za/statist…s/rsa_totals03_04_new.pdf

    Gold miners tossed about in March quarter


    May 1, 2005


    By Nicky Smith


    Johannesburg - The March quarter lived up to its reputation as the worst for gold companies as all the local producers reported lower volumes and higher costs.


    The four majors - DRDGold, Harmony, Gold Fields and AngloGold Ashanti - are all very different companies, but all were affected by the weak US dollar. Margins were eroded as the currencies in which they pay expenses appreciated against the dollar.


    The local gold industry's battle with the strong rand is well documented. Perhaps the most dramatic evidence of just how much the rand has been hurting it was the partial implosion of DRDGold's Northwest Operations.


    Mark Wellesley-Wood, the chief executive, said it had felt as though the company had been visited by the seven plagues of Egypt. Earthquakes, fires, technical failures and unseasonally high rainfall - never forgetting the lower rand gold price - forced DRD to make the controversial decision to liquidate its Northwest Operations, which account for about a third of the company's production.


    The move puts about 6 000 jobs on the line if the liquidators are not able to find a firm to buy it.


    But, as ever, Wellesley-Wood was upbeat about the new-look DRD, describing the March quarter "as the storm before the calm".


    And a little ray of sunshine fell on its Blyvoor mine, which broke even during the quarter.


    Next to report was Harmony, which has been restructuring to deal with the stronger rand.


    The company reported an awesome R1.7 billion loss for the quarter, and in the days that followed the share price dropped to lows last seen four years ago.


    Harmony was forced to write down the value of some of its mines, which accounted for about R1.5 billion of the loss.


    Efforts to outpace the rand were destroyed by a two-week strike at the Free State operations.


    In the past year, the company has retrenched about 8 000 people. The last of the large retrenchments of 4 900 workers from the Free State is under way.


    Chief executive Bernard Swanepoel said the costs of Harmony's bid for Gold Fields had totalled R150 million to date.


    Gold Fields' earnings for the quarter plunged 86 percent to R11.2 million despite solid cost control. Costs associated with defending itself from Harmony's unsolicited advances were responsible for a large chunk of the disappointing earnings performance. Gold Fields has to date spent about R170 million on the bid.


    At least 20 percent of the group's South African production is loss making, and while it valiantly managed to keep its costs flat it was the operations in Ghana and Australia that gave the performance a pinch of pep.


    AngloGold Ashanti reported on Friday that the restructuring of its hedge book had started to pay off as the company was able to get better prices for its gold than it had in the past.


    Chief executive Bobby Godsell indicated on Friday that AngloGold had revised its estimates of how quickly the assets it had inherited in its merger with Ashanti a year ago could be turned around.


    AngloGold reported earnings of R76 million versus R253 million in the December quarter.

    GOLD/HUI Divorce ?


    by Eric Hommelberg
    April 30, 2005


    The correction in Gold stocks never seems to end and gets more frustrating day by day. Even on solid up days in Gold the HUI manages to go down. On Tuesday April 26 the HUI went down 4.35 points despite the $3 rise in Gold. Emotions are running high, panic is kicking in,investors are running away in droves losing faith in the once almighty HUI. Some Gold advisors are jumping onto the bearish side as well leaving the gold share holders confused about what to do. But there’s light at the end of this long dark tunnel. Extreme under valuations never persist for ever and it’s my strong believe that we might be close to a bottom here.


    Now what to expect from the HUI coming weeks ? ?(
    A continued crash towards the 160's or even 150's area as some analysts do suggest ? Or a rebound triggered by rising Gold prices ? Well, I just don’t see the HUI crashing further without a severe decline in the price of Gold. Why not ? A price of Gold above $420 and a HUI at 150 just doesn’t make sense, it would lead to the greatest spread ever between Gold and HUI which of course CAN happen but very unlikely to happen imo since pushing the extreme undervaluation of the Gold shares into even higher extremes is like pushing a car hill upwards by hand on a road getting steeper every single feet. Needless to say that resistance will increase by every single step you take and at some point you’ll reach the limits of your muscle power and have to give up thereby surrendering the car to natural forces (gravity) which guarantees the car a downhill ride. The car starts rolling down thereby gaining speed and momentum. Nobody in his right mind is going to step in front of this rolling car in order to halt it. People willing to push the car by hand again will wait until its speed and momentum are reduced to zero. Same analogy can be applied to stocks. Short sellers can push the undervaluation of shares to extremes but resistance will grow. At some point the short seller will be overwhelmed by bargain hunters (new longs) and has to capitulate. Now the price starts to rise and will attract more new longs. The short seller won’t think twice and starts to cover his established short positions in order to guarantee his profits. The shorts themselves are adding fuel now to the rise in the depressed shares thereby attracting even more fresh buyers (momentum players). Now this whole thing is gaining momentum and no short seller on the side line will get it in his right mind to step in front of these new long-players in order to halt the rise. No, the short seller patiently waits until upward momentum fades away before attacking again.


    This article will show that current under valuation of Gold shares (related to Gold) is at such an extreme that it’ll be hard for short sellers to push these extremes to even higher levels. So the only option for a continued HUI crash seems to be a severe decline of the Gold price itself. Therefore it’s useful to take a look at the Gold charts first and see what they have to tell.


    The chart below shows Gold in a classic triangle pattern.

    As bleak as things look right now, it seems to me that technically at least we are in a standard correction of a 5-wave move up from December 2000 HUI 35 to December 2003 HUI 258. This correction appears to be forming into an A-B-C movement with the C leg now forming. If traditional Elliott Wave analysis is worth anything (and that's a big if in a rigged market), then the A-B-C correction is nearing its end. If the C leg ends up equal length to the A leg, then the end will come around 155 on the HUI chart. But of course it could be over right now, or anywhere in between 175 and 155. There is massive support in the 165-172 range. Moreover, nothing mandates that the A leg and the C leg must be equal in length. And this is even more true in a rigged market.


    Naturally this correction could be extended (see the chart below) with prices continuing to move in a sideways chop with a D leg up to around the 230 area and then an E leg descending down to the 185 area over the next couple of months to complete a massive pennant. Out of this pennant formation, a third impulse wave up would then be launched sometime this summer.

    If you own gold stocks and follow the gold market at all, then you are aware that the stocks declined by almost twenty percent since the middle of March, while the gold price itself has remained relatively unchanged. Why?


    One possibility is that investors anticipate a decline in the gold price. Gold stocks don't always correctly indicate coming changes in the gold price, but they are right more often than they are wrong.


    Another possibility is that gold stocks have simply declined along with all the other stocks: the Dow Jones Industrial Average is down nine percent since the beginning of March.


    Yet another possibility is that gold stocks are down because investors are disillusioned by the earnings from the sector. Take Newmont, the largest gold mining company in the world, as an example: it had marginally lower first quarter earnings than last year, despite a ten percent rise in the dollar gold price. Why own gold stocks if a ten percent increase in the gold price does nothing to their earnings? Given the leverage that gold mining stocks should have to the gold price, a ten percent increase should result in a substantial increase in earnings.


    The reason why many gold mining companies are hardly making any more money now than they were a year ago is that the gold price has been rising in US dollars because the US dollar has been falling on foreign currency markets. That means if a company is mining gold outside the United States (and not in any area where the US dollar is the de facto currency), it may not have had any benefit from the rise in the US dollar gold price. The gold price in many other currencies has not risen at all.


    Having said that, let me add that I don't know of any gold mining companies with projects exclusively in the US that are worth owning. I own a few gold exploration companies working in Alaska and Nevada, but no gold producers. The problem is that the big names, like Newmont, Barrick and Placer Dome, are so geographically diversified that they cannot be called US gold mining companies. They may be listed on US stock exchanges, but because their operations are scattered all over the world, the increase in the US dollar gold price has had a marginal, if any, impact on their bottom line earnings.


    Does this mean that gold stocks will continue to under-whelm us when the US dollar gold price strengthens?


    If the market were rational the answer would be yes. Only the stock of those gold mining companies that have direct leverage to the falling US dollar (in other words, gold mines in the US) should see their share prices increase as the dollar falls.


    However, a falling dollar not only means more dollar revenue for gold production, it will ultimately also lead to higher production costs. But the operating margins of gold mining companies with direct leverage to the falling US dollar should continue to expand for two reasons. Firstly, assuming the mine is cash flow positive, the increase in cost is on a lower base than the increase in revenues. Say the production cost is $300 an ounce and the gold price is $400 an ounce. The operating margin is therefore $100 an ounce. A ten percent increase in both revenue and cost would also result in a ten percent increase in operating margin: 440 - 330 = 110. Secondly, the increase in revenue from a decline in the dollar is instantaneous while the increase in costs will come more gradually. Therefore, as long as the dollar falls faster than the rate of inflation (the most likely scenario) the operating margins of a US based gold mining company should increase much more rapidly than the example above.


    But the market is not rational. Most investors still look at the US dollar gold price as "the" gold price and when gold increases in US dollars they buy gold stocks almost indiscriminately. Once enough investors figure out that an increase in the US dollar gold price does not necessarily benefit all gold mining companies, then the gold stocks as a sector could very well under-perform the US dollar gold price.


    Is this already happening? I do not think enough investors are paying attention to the geographical location of mining operations and the impact of currency exchange rates yet. So I suspect that the lackluster performance of gold stocks at the moment has more to do with the general malaise in the market.


    We are at a precarious point in the economy and the financial markets. I have written much about where I think the dollar, the gold price and the economy is going. I don't see anything to change that view. Rather, I see current events as confirming that we are on track to see a major decline in US economic growth, further weakening of the dollar and, as a result, much higher US dollar gold prices.


    Paul van Eeden

    Posted to the web on: 29 April 2005
    Decline in SA’s gold output ’hard to reverse’


    John Fraser




    LAST year saw the sharpest fall in global gold output since 1943, with SA, Indonesia and Australia being worst affected, according to a new survey by London-based consultancy GFMS.


    The survey said that the decline in SA’s output would be difficult to reverse.


    “Mine suspensions and shaft closures featured heavily (in SA) last year, principally as a consequence of the rand-dollar exchange rate,” GFMS said.


    Meanwhile, South African mines faced a 15% jump in cash costs in dollar terms, due to the strong rand as well as hefty price rises for fuel, water and energy.


    The report said global prospects for this year “appear to be somewhat brighter” with a projected 4% rise in gold output.


    The GFMS survey was upbeat on the prospects for the gold price, saying there was “considerable scope over the next year for an event-driven spike in the gold price towards the $500 (an ounce) mark.”


    It said a new wave of investment demand in the second half of this year “will drive gold prices to well above last year’s high of $454/oz”.


    “Political tensions, having arguably declined somewhat this year to date, are set to grow in the second half, perhaps significantly so,” the report said.


    “In particular, the situation in the Middle East remains highly volatile, especially against the backdrop of record nominal oil prices,” it said.


    It also said global jewellery fabrication rose 5% last year, a rise which was “particularly noteworthy given that dollar gold prices rose almost 13% last year”.

    COMEX gold settles higher on bargain hunting


    Fri Apr 29, 2005 02:35 PM ET


    NEW YORK, April 29 (Reuters) - U.S. gold futures rebounded sharply to settle higher Friday on speculative buying after a previous slide in the metals complex uncovered keen physical interest in gold at lower prices, dealers said.
    June delivery gold (GCM5: Quote, Profile, Research) on the New York Mercantile Exchange's COMEX division rose $3.70 to $437.40 an ounce, after trading between $431.90 and $438 and erasing Thursday's decline to the lowest level since mid-month.


    "There is heavy short covering by the hedge funds. And yesterday, lower prices brought a lot of fresh physical buying into the market," said Ian MacDonald, managing director of precious metals at International Assets Holding Corp.


    But despite the bargain-hunting bounce before the weekend and upcoming holidays overseas next week, gold still was wedged in a tight trading range.


    Additionally, some dealers warned it was possible central bank selling could resume with gold prices back in the $440s.


    Major resistance looms up near $440, potentially blocking a move toward the next target at $448, said MacDonald. He pegged chart support at $428-$430.


    Estimated COMEX gold turnover hit 55,000 contracts, above Thursday's final tally at 43,100 lots. Open interest fell 296 to 298,136 contracts.


    Spot gold last changed hands at $434.30/5.00 an ounce, versus Thursday's close in New York at $430.65/1.40. Friday's afternoon fix in London was at $435.70.


    London's commodity markets will be closed on Monday for the May Day holiday. China will also shut that day for a labor day holiday, and Japan will close all next week for Golden Week.


    In a report sponsored by Mitsui Precious Metals, major gold miners looked to have put the brakes on hedging activities in the first quarter of 2005, compared with the previous two quarters.


    During the past four years, major gold miners have massively reduced their hedge books, which commit them to sell at a fixed price that may be lower than the market -- as bullion prices rose to their highest in more than 16 years close to $460.


    The report said hedging by the four largest hedgers -- Anglogold Ashanti (ANGJ.J: Quote, Profile, Research) , Barrick (ABX.TO: Quote, Profile, Research) , Newcrest (NCM.AX: Quote, Profile, Research) and Placer Dome (PDG.AX: Quote, Profile, Research) -- was just 500,000 ounces, compared with levels of around 2 million ounces in recent quarters.


    Meanwhile, the dollar's fall Friday and concerns about inflation amid high energy prices and after soft U.S. first quarter economic growth supported gold in its role as an alternative investment, traders said.


    The dollar fell as speculation mounted that China was ready to revalue its pegged currency soon, which could set off a rally in Asian currencies. But the euro turned lower in the afternoon, sliding to $1.2869 from above $1.29 earlier.


    U.S. consumers turned a bit more glum about the future in April as they struggled with record gasoline prices and sluggish wage growth, reports showed on Friday.


    Separate reports showed Midwestern manufacturing ticking along at a faster-than-expected rate this month, and consumer spending -- and inflation -- higher in March.


    Economists said the data did little to change the outlook for interest rates. Federal Reserve officials gather Tuesday and are widely seen raising benchmark overnight rates by a quarter percentage point to 3 percent.


    In silver, further speculative liquidation sent prices to a fresh one-month low after the market dropped steeply on Thursday in busy May-into-July contract rollover.


    July silver (SIN5: Quote, Profile, Research) shed 0.8 cent to $6.94 an ounce -- its lowest close for active futures since late March, after moving between $6.90 and $7.06.


    Spot silver eased to $6.87/90 from the last New York close near $6.88/91. Friday's fix in London was at $6.98.


    On the NYMEX, July platinum (PLN5: Quote, Profile, Research) rose $3.60 to finish at $868.60 an ounce. Spot platinum touched $868/873.


    June palladium (PAM5: Quote, Profile, Research) climbed $1.90 to $197.90 an ounce, after settling Thursday at a one-month low of $196. Spot palladium priced at $195/199.

    steph


    Fuer mich ist das ganze management von Harmony ein haufen Gangster die uns ganz schoen verschaukelt haben. Ich habe nun seit einiger Korrespondenz mit Dippenaar mir diese Meinung gebildet und ich habe mein Vertrauen in Harmony verloren. Sobald ich kann habe ich dann nur mehr 15% von dem Stock den ich vorher hatte. Mit GFI fuehle ich mich wesentlich sicherer , die haben wenigstens ein besseres Fingerspitzengefuehl als die dummen Afrikaaner bei Harmony.
    Fuer mich haben die Freimaurer Swanepoel & Co benutzt um die RSA Aktien in den Keller zu druecken und spaeter sie billigst zu schnappen wenn die zeit gekommen ist. Die Amis regieren unsichtbar RSA !!!
    Fuer mich ist der geschmierte Swanepoel der neue Gold De Klerk von RSA der uns alle verkauft hat und spaeter schoen in Rente lebt im Ausland natuerlich !


    IMHO



    Gruss


    XEX

    Also ich weiss nicht so recht und denke mir dass der Dollar noch fuer zwei bis vier Monate stark sein wird. Mitte des Jahres faellt er ab und man sollte dann besser Nordamerikanische Minen im Depo haben die dann mehr Profit machen wenn zusaetzlich der Goldpreis steigt nach dem Fall des Dollars.Aber man kann nicht viel falsch machen mit der Diversifikation die Goldesel empfiehlt.


    Zur Zeit sind NEM, GG,GLG,IAG, PDG,CDE,HL sehr guenstig und es gibt auch einige sehr gute projekte in Nevada, siehe Cortez trend,ein thread von Frr in diesen Forum. Nevada wird bestimmt ein interessanter Platz in der nahen Zukunft wenn die Amis mehr graben muessen im eigenen Land.


    Ich schaetze dass der USD mit CAD und CHF gleichstand erreicht in diesen Jahr. Ich wuerde mich erstmal fernhalten von den Waehrungen wie Rand bis sie eindeutig fallen und ca. 20% in physical Gold oder Silber anlegen als Rueckendeckung.



    mfg


    XEX

    Police warn of bogus cops :D



    29/04/2005 16:05 - (SA)

    Related Articles :

    Bogus cops rape woman

    Bogus cops arrest, rob man

    Bogus cops hijack man's car

    Bogus cops hijack truck

    Bogus cops dupe police

    Johannesburg - Bogus police have been robbing people on the East Rand, ordering their victims to go with them and holding them up at gunpoint if they disobey, police warned on Friday.


    In the most-recent incident, on Thursday, four men and a woman "apprehended" a 54-year-old man in Boksburg.


    "When the man became suspicious and tried to flee, one of the men threatened him with a firearm," said superintendent Andy Pieke.


    "They took R2 500 and fled."


    Earlier this month, also in Boksburg, three men questioned a 33-year-old woman in connection with a "stolen bag".


    "A while later they threatened the woman with a firearm and took R4 000 cash she had on her and fled.


    Pieke said people should be especially wary after withdrawing large amounts of cash and ensure they were not followed or distracted.


    He advised that if they feared something was wrong, they should return to the bank or go somewhere where there was a security presence.


    Edited by Iaine Harper

    Traffic-fines chaos for CT


    29/04/2005 22:18 - (SA)


    Theuns van der Westhuizen


    Cape Town - Attempts to collect about R405m in outstanding traffic fines in the Cape metropole area have ended in chaos - again. :D


    This time, a computer problem has resulted in thousands of suspected traffic offenders receiving invalid tickets sent out by Labat Traffic Solutions - the company appointed by the Cape Town council to oversee the collection of fines.


    Attempts to collect the money were delayed initially after data had to be gathered from seven municipalities and then entered into a single system.


    After this, those who had to serve summonses complained last year that Labat was not giving them enough work.


    Rudi Wolter, spokesperson for the office of the mayoral committee for safety and security, said the latest problem was discussed on Friday morning with Labat and senior officials.


    They were asked to investigate the technical and legal aspects of the problem and to submit a report by Tuesday.


    Details of the findings and how the issue will be dealt with will be released on Wednesday.


    Traffic tickets were not sent out


    Wolter explained that, at this stage, it appeared as if details pertaining to offences caught on traffic cameras in January and February were entered into Labat's data system.


    But, the actual tickets were not issued or sent out to offenders.


    As a result, offenders were not issued with their first warnings within 30 days of committing the offence.


    The computer was programmed to issue a second ticket - or reminder - at a specific time. This was done.


    Steps have been taken to prevent similar problems from happening in future.


    Wolter said the city council and its traffic department were not focused on making money from traffic fines.


    "Our purpose is to make roads and streets safer for everyone. Offenders must be brought to book, even if it is long after the offence took place."


    Edited by Iaine Harper