Beiträge von Eldorado

    Report From the Little People


    Brian W Pascal
    April 19, 2005


    It's great that we have a plethora of seasoned gold and precious metal analysts. I commend them for the thousands of charts they produce that show the Little People where it's at and what's happening in the markets. Many of them sell this information through newsletters or through a variety of tools that help the Little People plot, chart and analyze better. It also appears that these analysts and gurus are the only people making money in gold these days. Meanwhile, back at the ranch, the Little People are pulling cellophane bags over their heads in an attempt to escape the daily rape and pillage of their souls and bank accounts. It's time to hear from the Little People.


    Little People know their place. Little People grease the market wheels. Without the Little People, no market can exist. You would think the gold market would throw them a bone once in a while. Not a chance. It's a 'scorched earth' and 'shock 'n awe' policy they have going. And the program runs daily. No rest. No respite from the plunging gold stocks and a spot price that seems to be forever hanging over the Pits of Zool. Every day, some of the Little People open a vein in front of their computers in quiet desperation. Each downtick is another blow to their dreams of power, fame and glory. This is not good for the Little People or the market.


    Some would argue that Little People are ignorant and won't take the time needed to study and analyze the markets. Let me assure you that the Little People pay plenty for Newsletters and Charting Tools. Let me assure you that the Little People are on a dozen different gold forums sifting out information and reading more material than a government Tax Auditor. The Little People can extract moisture from very old roadkill in pursuit of a profit if necessary.


    Others would argue that the Little People are too emotional and don't have the stamina and discipline required to become professional traders. Well, the Little People will let you in on a little secret. Picking a junior gold explorer because it has a nice sounding name or picking a junior using your ten thousand dollar charting and analysis program usually provides the same results. Instant poverty. Nobody goes broke faster than the Little People. And talking about stamina, who but the Little people would hang in there for over twenty years clutching their bullion and their worthless gold stocks all the way? Cold, dry professional traders make the Little People very ill.


    It's not a good time for the Little People right now. They're bruised from getting squeezed for every nickle and dime they have. They're rung out like wet blankets but still they buy the dips and read the forums and provide the grist for the mill. Despite the pain, the Little People know the Great Gold Spike is coming. They're all sitting in the Gold Patch waiting for it to wash over them like an orgasmic tsunami. :D Bring it on! .


    April 18, 2005
    Brian W Pascal

    Peter


    Du nervst wieder, stellst nur fragen und du liest anscheinend gar nichts hier im Forum, bzw.die einzelnen Threads wo die Anworten sind.
    Bist du zu faul zu lesen oder suchst du nur unterhaltung ?
    So einfach kann ich es mir auch machen.
    Was ist nun mit deiner Vorrausssage Gold 404-410 ???
    Ein Wunschdenken so wie ich die Lage sehe.


    So, jetzt lese mal mehr und frage weniger du luftikus :D


    Have a nice day (reading day)



    XEX 8)

    valueman


    Gmorning 2, kauf dir eventuell eine Yamaha dann bist du schneller am ziel :D


    Ich wuerde es konservativ machen und SSRI nehemen,sagte gestern noch die kaufe ich blind, hast du es verschlafen ?
    Harmony ??? von denen habe ich erstmal die nase voll, die hat mich viel geld gekostet und es kann noch lange dauern bis der rand faellt.
    Bleibe erstmal bei silber, schau dir mal Sino Silver an,(SSLV.OB) die waeren ja auch nicht schlecht.


    Mit IMA hast du ein schnaeppchen bekommen, gut gemacht.


    Mal schaun was heute passiert, es kann wieder ein Rosenmontag gewesen sein und das Kopfweh kommt dann am Mittwoch.


    Mahendra gab eine range von 415-428 an diese woche, also pass auf mit goldshares.


    Gruss



    Eldorado




    Jetzt kenne ich mich voll aus, Ulfur :D


    Spass beiseite, TVI.TO TVI Pacific hatte auch probleme mit den rebels und umweltschuetzern, bzw. Indianer dort. Aber es scheint sich nun alles geloest zu haben, weil sie ja Phillipinos sind und eher auf die Canadian Companies losgehen. 8o Die schiessen erst und fragen spaeter,sie lieben musik und ihre schusswaffen !


    Gruss


    Eldorado

    Ja Peter, kommt mir vor wie DRD am Donnerstag.
    Muss mit kurzfristigen zinkpreis verfall zu tun haben nehme ich an.
    Es hat ja alle getroffen, kupfer, zinn, blei, nickel, you name it.
    Rohstoffe werden anscheinend manipuliert fuer ein paar tage.
    Damit die US wirtschaft und Dow besser da steht, ganz klar ! :D


    Die Drecksaecke manipuliern alles zu ihren gunsten und hat mit demand und supply gar nichts zu tun.


    Schade die CZN.TO wuerde ich gerne kaufen, aber die munition wurde letzte woche leider schon verschossen.


    Ist so als haette man DRD fuer 50cents gekauft am Donnerstag.
    Zur zeit ist CZN bei 38 cents, war schon auf 25 cents !!


    Die spinnen die Roemer ! :D



    XEX

    @ gold-loewe


    Gut gebruellt am Anfang, herzlich willkommen von meiner seite.
    Ich habe auch so angefangen, wie jeder.
    Du hast Recht mit GATA aber die wissen auch nicht den genauen zeitpunkt wann das Cartel bzw. PPT in die knie geht.
    Die munition die sie haben ist ja ein wahnsinn, selbst 61trillionen USD stoppten den dollar bis jetzt nicht. Der kommt aber als inflation zurueck und backfires eines tages. Das Wort Inflation fehlte die letzten Jahre und das nehmen die medien seit monaten wieder in den mund was wiederum gut fuer gold ist.


    Gruss


    Eldorado

    GFI zieht bald den Hasen aus dem Hut , besonders wenn sie sich mit norilsk verbuenden sollten. Dann wird Swanepoel die klappe runterfallen,bzw.seine Burenohren. :D
    GFI wird dann mehr in Russland und Mongolia taetig werden und sich mehr ins Ausland verlagern wo die produktions kosten geringer sind.
    Ian Cockerill ist ein weitsichtiger mann und Swanepoel so kurzsichtig wie eine muraene der aber seine Aktionaere blutig gebissen hat. X(


    IMHO


    Gruss


    XEX

    Ich glaube ihr koennt nun den alarm wieder abblasen :D :


    Gold 410 ?( unsw. waere ja ein wahnsinn meiner meinung, ausserdem hat das PPT schon um diese grenze bitter gekaempft.


    Macht besser einen Alarm thread auf fuer DOW, DAX etc. :D


    IMHO


    Oder ihr lasst blasen. 8o


    XEX 8)

    @ peter ... Gmorning 2 ! 8)


    Es wird eine turbulente woche,der tag faengt schon bedenklich bzw. bearish an.Ich hoffe es uebertraegt sich nicht auf den HUI und XAU.
    Das problem ist wenn die anderen aktien maerkte sinken ziehen sie auch die Gold und Silberaktien mit.


    Der Druck besteht weiter auf diese Aktien und man kann schwer eine prognose machen.


    Das Unwetter ist noch nicht vorbei Peter.


    Gruss


    Eldorado

    Barrick Targets Russia, Central Asia to Cut Costs (Update1)



    April 14 (Bloomberg) -- Barrick Gold Corp., the world's third-biggest gold producer, plans to get as much as a fifth of its output from Russia and Central Asia by 2010 to reduce costs.


    Toronto-based Barrick expects to be extracting between 15 and 20 percent of its gold in the region by then, Chief Executive Greg Wilkins said today in Moscow. The company doesn't produce gold in Russia now.


    Extracting gold in Russia should cost less than $200 an ounce, compared with Barrick's current average of $220 to $230 an ounce, Wilkins said. The Toronto-based company expects the international gold price to be in the ``mid-$400s'' an ounce for the next two to three years.


    ``We have no direct production in Russia now, but there are significant opportunities here and the supply and demand fundamentals of gold are favorable,'' Wilkins said in an interview at the opening of Barrick's new Moscow office.


    Barrick also wants to increase its 10 percent stake in Celtic Resources Holdings Plc, a Dublin-based company that plans to develop gold assets in Kazakhstan and the northeastern Siberian region of Yakutia.


    Barrick and Celtic will develop the Nezhdaninskoye deposit in Yakutia, with Celtic owning the operating company.


    Joint Projects


    Barrick also holds a 14 percent stake in Highland Gold Mining Ltd, a London-based company that mines for gold in Russia. The two will jointly develop the Taseevskoye deposit in the Chita region in Russia's far east.


    Wilkins said Barrick is looking at 10 to 15 more sites in Russia and Central Asia. The company wants to increase output by at much as 11 percent to 5.4 to 5.5 million ounces this year as three mines in Peru, Argentina and Tanzania start production.


    Barrick shares fell 2 percent to 28.50 Canadian dollars at 9:09 a.m. in Toronto.


    Wilkins said he was open to the idea of talking to Russian companies about joint participation in the auction for Sukhoi Log, Russia's biggest untapped gold field with at least 1,000 tons of reserves.


    The Russian government said March 22 it wouldn't hold a tender for the field this year, and that only Russian companies will be able to bid when it does sell the field.


    Developing Sukhoi Log will cost about $1.5 billion, ``so business prudence means you would need partners,'' Wilkins said. Barrick is not talking to potential partners yet because the rules and timing of the tender are unknown, he said.


    Colorado-based Newmont Mining Corp. is the world's biggest gold producer by 2003 output, followed by AngloGold Ashanti Ltd. of South Africa.

    Taylor On US$ & Gold


    Richard Richard talked once again about deflation and the dollar short thesis; I believe the person who recently began circulating this thesis was Bob Hoye, who we interviewed a couple of months back. As Bob notes, the senior currency has always tended to be the strongest currency in major post-bubble eras in the past. In any event, Russell pointed to the stronger dollar, still very low U.S. interest rates, the stock market decline, and declining commodity prices as all suggestive that we could be heading toward deflation.


    I could not agree with him more. The equity markets are looking forward and they do not like what they are seeing. What do they see? We won't know until later, but I think it is entirely possible they are getting a preview of the second Great Depression within 100 yeas as we have been suggesting was coming our way. The signs Richard Russell has oft stated are certainly not suggestive of the kind of healthy and growing economy talking head after talking head is suggesting on CNBC.


    Friday we saw more strengthening of the dollar and the long bond. As can be seen from the chart above, the dollar has actually now broken above its downtrend line that began in 2002 albeit not as yet in a convincing manner. Consistent with recent "strength" of the dollar has been a recent strengthening of long U.S. Treasury instruments. Note the sharp rise in our the 20-year to 30-year U.S. Treasury bonds which are contained within the Lehman iShares that trade under the symbol TLT. The rally in the ETF has allows us to narrow our loss in this Model Portfolio selection from just under 4% last week to 1.7% this week.


    Gold Shares Remain Dreadful Performers, But That Should Soon Change


    Gold shares are still acting dreadful. As can be seen on the chart on the left, both the GoldColony.com Index and J Taylor's Gold Stocks have hit new lows since about September 2003. I think Richard Russell is probably right in suggesting gold investments will initially be adversely affected when deflation gets the upper hand in the economy because people will first scramble for dollar liquidity before trying to hang on to their gold stocks.


    The washout in the small cap gold stocks may be especially pronounced. But quite frankly, they are so cheap now, compared to what many of these companies have going for by way of the metal values they already have in the ground or are in the process of outlining. A couple of examples are once again mentioned in this weekly letter. But I truly believe this current period of weakness will most likely be seen as a golden buying opportunity for junior gold stocks. The succession should be as follows: 1) Investors scramble for cash by selling stocks, art objects, second homes and virtually everything they don't have to have to stay alive. They do this so they can remain financially solvent and hang on to the things they have to have. 2). Financial institutions begin to default, thus causing a lack of confidence in retaining fiat money in banks and other institutions. That leads people to seek the ultimate safety in money, which is beyond any doubt, gold. It is safe because unlike fiat money, it is an asset money, not a liability money as is the dollar. 3) As citizens and investors move from fit to gold, the real price of gold begins to rise dramatically. (Think Dow/Gold at a 1:1 ratio). As gold rises, the scramble for "money in the ground" will be increasingly more intense. In the gold shares, the initial move will be to the major mining firms and then down the food chain. Ultimately, the frenzy into this sector is likely to be so great that companies merely with the name "Gold" in them will likely rise significantly in value, though nominal values for these shares may be much more temperate than was true during the inflationary Internet mania. However, what we need to keep in mind during the deflationary era are "real" prices for gold and gold shares. With prices of virtually everything dropping, nominal values become of a secondary importance to purchasing power.


    Major Gold Stocks Remain Weak


    The chart of the XAU on your left demonstrates the weakness in the gold share markets last week. However, note the bull market remains very much in tact though the higher trend line displayed was violated on Friday. I would be concerned if the lower trend line were violated, but at least for now it appears quite safe. It is likely in my view that we will look back at this time as an excellent buying opportunity for the gold shares and especially for the juniors.


    Aside from Cash, Gold Is Where We Want to Be


    Bob Hoye gave an example of how gold tends to perform so well during deflationary periods of time. This is important to note because as I said earlier, most buyers of gold buy the yellow metal as a hedge against inflation when in fact, historically, gold acts best during deflation. Quoting Mr. Hoye from his "Pivotal Events" of this past Thursday:


    "As the great financial bubble failed in October 1825, the biggest broker, Poole & Co. in London, was considered too big and important to go under.


    "The Bank of England agreed, but the speed of the decline rendered any assistance impossible and the biggest broker in the world's financial capital defaulted. On that bubble collapse, initial pressure didn't clear the market until January 1826.


    "The secular contraction, with the usual 3-4 year business cycle prevailing, endured the typical 20-25 years until 1844. On that post-bubble contraction, copper's real price went from 137 to 81 as gold's' real price increased from 107 to 174."