Beiträge von Eldorado

    Goldie


    Es ist echt frustrierend zu sehen wie das PPT den HUI heute attackiert hat. Mein Boden mit 180 ist vorerst im Eimer. X(
    Ich bin ueberrascht wie weit man mit manipulation ausdehnen kann und mache erstmal eine Pause. Irgenwann geht es wieder nach oben sobald der Dollar wieder out of favour ist.. Die mafia soll der teufel holen, der laesst sich aber noch ein wenig zeit.


    mfg


    XEX

    Klar Petzi, willst alles immer umsonst und dann noch meckern.


    Da meine 180 nicht gehalten haben liege ich wohl falsch und uebergebe gerne an die superschlauen Anleger die nichts angelegt haben und mit schadenfreude ihre postings machen.


    Die zeit arbeitet jedoch fuer mich.


    XEX

    Jinshan Completes its Earn-in of a 96.5% Interest in the Chang Shan Hao 217 Gold Development Project, in Inner Mongolia, China


    Wednesday April 27, 8:33 am ET



    VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 27, 2005) - Jinshan Gold Mines (TSX VENTURE:JIN - News) is pleased to announce that it has now earned a 96.5% interest in the Chang Shan Hao (CSH 217) Gold Development Project in Inner Mongolia, China. The company is currently conducting engineering and metallurgical testing to determine optimal open-pit mining scenarios and advance its mine engineering studies towards a bulk-tonnage, low-grade, heap-leach gold mining operation (see Jinshan's April 19, 2005, news release for more information on the new, independent resource estimate at CSH 217).

    Jinshan completed its earn-in by making total payments of US$750,000 to its Chinese partner, Ningxia Nuclear Industry Geological Exploration Institute. Ningxia retains a 3.5% carried interest in the project. Jinshan is still required to make two US$1 million payments to its Chinese partner upon achieving certain milestones related to mine construction and commercial production. Ivanhoe Mines has the right to participate in Jinshan's interest in the project on a 50/50 basis.


    In late 2004, open-pit pilot mining was initiated at the CSH 217 Gold Project. The operation produced approximately 100,000 tonnes of oxidized mineralization for heap-leach / bulk-tonnage trials. The trial heap-leach pads, water supply facilities and carbon columns are currently being prepared to commence leaching trials. Soaking of the leach pads is expected to commence in May and trial leaching is expected to commence in late May or early June. Assuming successful trial leaching, it is anticipated that the first gold bars will be poured in August 2005.


    Jinshan is advancing its mine engineering studies and Government permitting concurrently, in an effort to accelerate a commercial production decision. It is expected that a decision can be made once conclusive results are received from the trial leaching, further metallurgical and engineering studies are complete, and all necessary permits are received.


    Other development activities on the project include the completion of a 300-metre-long access tunnel and an adjoining cross-cut tunnel reaching a depth of 90 metres below surface to obtain a composite bulk sample of the sulphide mineralization. The bulk sample has been shipped to the city of Baotou, China, for leach testing. Channel sampling of the cross-cut tunnel also is in progress to help determine bulk gold grades. Large-diameter, column-leach testing on oxidized material is nearly complete, and large-diameter column-leach testing on sulphide material has now commenced. The metallurgical testing is being conducted under the supervision of heap-leach specialists KD Engineering Co., Inc. of Tuscon, Arizona, USA. KD Engineering was instrumental in engineering the leaching facilities at Ivanhoe Mines' Monywa Copper Mine in Myanmar, which is now considered to be one of the lowest-cost primary copper producers in the world.


    Jim Lincoln, a consulting geologist and a qualified person as defined by National Instrument 43-101, supervised the preparation of the technical information in this release.


    Jinshan shares are listed on the TSX Venture Exchange under the symbol JIN.

    SA belongs to all - Mbeki :D


    27/04/2005 14:22



    Durban - South Africa has steadily become a country that belongs to all, President Thabo Mbeki told the main Freedom Day gathering in Durban on Wednesday.
    "Where there could have serious racial conflict because of our past, our people - particularly those who were oppressed - have ... forgiven those responsible for their untold suffering," he said.


    Thousands of people packed the stands at the Absa Stadium to listen to Mbeki and join in festivities to celebrate the beginning of South Africa's second decade of democracy.


    Mbeki said the challenges of the coming decade were numerous and daunting. Some believed it was the sole responsibility of the government to tackle these matters.


    "These include those who don't take the initiative to do something about their circumstances but always complain that government is not doing anything for them," Mbeki said.


    "These people, to whom South Africa also belongs, usually fold their arms when their compatriots engage in self-reliance programmes."


    News24/SAPA

    Greenspan, Be Careful What You Wish For


    Peter Schiff


    posted April 26, 2005


    Yesterday, [Apr 21] as Alan Greenspan warned Congress that the federal budget deficit is unsustainable, he simultaneously encouraged China to stop sustaining it. Since he has failed to forecast so many obvious looming economic problems in the past, such as the return of enormous budget deficits, resurgent inflation, and the real estate, stock, and bond market bubbles, it comes as no surprise that he also fails to realize that America's ability to finance its debt now teeters atop China's foolish currency peg. By encouraging China to remove it, Greenspan needs to be cautioned to be careful what he wishes for, as he just might get it.


    In his testimony, Greenspan cautioned that "The federal budget is on an unsustainable path, in which large deficits result in rising interest," which in his opinion "would cause the economy to stagnate or worse" unless the situation were reversed. :D :D
    However, he also commented that "Fixing the renminbi to the dollar is beginning to significantly work to the detriment of the Chinese economy." That in so doing China is "preventing the growth in the terms that would be most valuable for China in the decades ahead."


    With respect to floating the renminbi he offered the following advice; "So as far as I'm concerned, it is very much in their interest to move." He even added that "As you can imagine, we in U.S. government have been in conversations with them to indicate that, in our judgment and in our experience, they should be moving sooner rather than later. I have no way of projecting when they will move. That they will move, I am reasonably certain."


    Hello, how clueless can one man possible be? By publicly advising China to float its currency, Greenspan is in effect asking the Chinese to do two things; 1) raise the prices that it charges Americans for the goods it sells them, and 2) stop buying hundreds of billions of dollars worth of U.S. Treasury bonds. While such a move would certainly benefit the Chinese, who would earn more for their exports and find more productive uses for their savings, it would clearly have the opposite effect for Americans, who would simultaneously be forced to pay both higher prices and interest rates. Most adversely effected would be the U.S. government itself, which would see the cost of financing its national debt skyrocket at the very moment recession would likely undermine its ability to pay. Talk about putting your head in a noose, throwing the rope over a three limb, and daring your adversary not to pull!


    Greenspan is right that the status quo is a bad deal for China. At present, all that China it receives in return for much of its exports to America is inflation. Since America does not supply China with sufficient quantities of real goods in exchange for its exports, the Bank of China must expand its money supply to absorb all the excess dollars for which no American products are available. In the process it also purchases hundreds of billions of dollars worth of U.S. government securities. As a result the Chinese suffer a reduced standard of living, as they are forced to pay higher prices for consumer goods and squander a significant portion of their savings. Americans however, benefit greatly form China's sacrifice by enjoying artificially low consumer prices and interest rates.


    If China were to follow Greenspan's advice, the result would be a one-two combination punch right to the chin of the U.S. economy. The left jab: By increases the cost of Chinese imports (and those from other Asian countries whose currencies would like rise along with the Renmimbi) the U.S. inflation rate, as measured by the CPI, would clearly rise, increasing the "inflation premium" required to be paid by the U.S. government on its outstanding debts, the majority of which have extremely short maturities, and thus will have to be re-issued at higher interest rates. Also the prices of non-Asian imports, such as oil, would also likely rise, as wealthier Asians bid them up. The right hook: Since the Chinese government would no longer be buying as many dollars, it would no longer need to buy as may U.S. treasuries. Given that higher consumer prices and interest rates would likely push the U.S. economy into recession, exacerbating the already enormous budget deficit, demand for U.S. debt would be reduced at the very time it was needed the most. The result, Knock out.


    April 22, 2005
    Peter Schiff