Beiträge von Eldorado

;)Btrend

Bin voll deiner meinung,es kann sein das der DOW noch mal hochkommt fuer zwei wochen. Oil runter, dann gehts !

http://www.gold-eagle.com/editorials_05/mchugh041005.html

Gruss

XEX

Ulfur

Sorry, dich hatte ich vergessen ebenfalls zu danken und herzlich zu gruessen. Du haettest es auch verdient vor mir Kaiser zu werden aber ich wollte nicht mehr so lange warten bis du zu 1000 Beitraegen kommst. Ich uebergebe dir gerne die Krone. und wuensche dir 1001 Naechte, mit wem auch immer.

Leider bin ich nicht so begabt dir dazu ein passendes bild, bzw. Dame zu liefern. Vielleicht hat Gogh dafuer ein passendes bild. ?

Gruss

XEX

Frr

Da freut mich zu lesen und gleichzeitig mit meinen 1000's Beitrag guesse ich dich , Tschonko, Gogh,Valueman,Newstechxl,hpopth, sowie die anderen netten mitglieder im forum.

Gold/ Silber wird steigen, das ist mein glaube seit jahren und hat mich bis hier bereits gebracht. :))

Eldorado

Frr

Unglaublich was heute mit XCL.TO los ist.
Expect the unexpected !

cheers

XEX

Gammon steigt seit zwei tagen, Mexgold faellt, obwohl sie zusammen sind. MGR.V wird schnell wieder steigen, ein aussenseiter den ihr im radar behalten solltet.

tschonko

Ich habe lange gebraucht um ueberhaupt meine 5t OT's zu kaufen.
Da sind fast keine verkaeufer da.
Auch fuer Hommel war es nicht einfach die zu bekommen und hat aktien die er halten wollte gegen private placements von OT und Namex getauscht. Die OT und Namex sind eine psss.psss. Aktie.

mfg

XEX

Frr

Let's smile for a change ! :))

Nicht so wichtig, aber mahendra schrieb mir von dubai,auf dem weg zu India. Er schrieb man sollte auf den heutigen Rosen Montagszug noch nicht huepfen und abwarten bis er gruenes licht gibt. Es soll in wenigen tagen kommen, schaetze er ist vorsichtiger in seinen schnellen Predictions geworden.Gold wird steigen gegenueber allen fiat waehrungen,er sagt auch bald kommt der delink from fiat.
Erstmal die 450 eindeutig knacken, brothers in arms.

Auf alle faelle schauts schon ein wenig besser aus. Der Markt wurde ausgewaschen und jetzt sind wir am zug,.. so wie es momentan ausschaut.

mfg

XEX

Ich moechte mich nicht einmischen aber ich bin der meinung wenn jemand gratis berichte erhaelt von LMC dann sollte er sich nicht beschweren. In diesen Fall hat es Schwabenpfeil nur gut gemeint damit wir alle informiert sind. Ich bin selbst ein mitglied und lese dann oft beitraege von LMC auch hier. Ich rege mich aber deshalb nicht auf denn es gibt tasten bei computer wo ich stoerende oder unwichtige beitraege ganz schnell ueberfliegen kann.

Ich bin auch schon mal beschuldigt worden das ich mich hier nur wichtig machen will, etc, etc, und sogar die ganzen threads blockiere oder belege. Das ist ja ein totaler schwachsinn oder manchmal nur stenkerei,neid,schadenfroh sein,eigene frust, etc. in meinen Augen.

Jeder der glaubt er kann zu einen thread beitragen kann jederzeit auch postings machen. Die Leser koennen sich dann rauslesen was sie wollen, sich orientieren,und weitere kommentare jederzeit dazu machen.

Wer aber einer keine zeit hat, oder zu faul ist, oder nichts weiss, dann sollte er sich aber jede kritik zurueckhalten, erst recht wenn er sie gar nicht einmal ueberzeugend begruenden kann.

Jeder haette es gerne bequem,schnell und buendig, und gratis.

Aber die realitaet sind eben anders aus.

Herzlichen Gruss

Eldorado

AngloGold Sees Gold at More Than $500 Oz

Monday April 11, 2:34 am ET

PERTH, Australia (Reuters) - World No. 2 gold miner AngloGold Ashanti Ltd. said it expected gold to soon trade as high as $500 or more per ounce because of a weak U.S. dollar and high jewelry demand, topping a forecast by larger rival Newmont Mining Corp.

Gold, which currently trades for about $425 per ounce, last topped $500 in 1987.

"I believe there is every reason for the gold price to trade in a range of $400-$500 (per ounce) for the foreseeable future," AngloGold Chief Executive Bobby Godsell told the Australian Gold Forum meeting of miners and investment bankers.

"There is the possibility to trade at the top end of that range and even to move modestly outside that top end," Godsell said.

Last week Newmont President Pierre Lassonde predicted the gold price would likely stay in the $425-$475 per ounce range for most of 2005.

South Africa-based AngloGold, majority-owned by Anglo American, mined 6.05 million ounces of gold last year, making it second only to Newmont.

Demand for gold, traditionally regarded as the currency of last resort, was at its strongest in years thanks to a weakened dollar, which encourages gold buying by investors outside the United States, he said.

Even at today's price, gold is regarded as cheap by some when compared to other commodities -- it takes less than nine barrels of oil to buy one ounce of gold versus a long-term average of 17.5 barrels.

There was a risk, though, that gold could come under attack if rising U.S. interest rates further prop up the greenback, Martin Murenbeeld, chief economist at Vancouver-based Dundee Wealth Management Group, told the forum.

"The dollar can always experience a correction," Murenbeeld said.

The greenback's fall is partly owing to concerns in the foreign exchange market that the U.S. would not attract enough foreign investment to finance the widening U.S. trade deficit, which reached a record $617.7 billion last year.

Demand for gold jewelry was also running strong, Godsell noted.

Consumer demand for gold rose 7 percent last year, the first rise in four year, figures from the industry-financed World Gold Council show.

But the outlook for 2005 pointed to weaker growth, however, as times were harder and jewelry purchases less likely.

Will mining survive a Latin American Pope?

By: Dorothy Kosich
Posted: '11-APR-05 05:00' GMT © Mineweb 1997-2004

RENO--(Mineweb.com) Chances are very strong that the successor of the late John Paul II may be a theological conservative from Latin America.

The bad news for mining, however, is that a Latin American Pope may be strongly opposed to multinational corporate mining, including foreign junior explorationists.

"Neoliberalism" is pretty much a swear word in Latin America. The brainchild of Milton Friedman, F. Von Hayec and the Chicago School of Economics, "new" liberalism asserts that the economic crises of the 1970s resulted from excessive government intervention in the economic affairs of society. The economic fate of society is left in the hands of the private sector, which is allegedly free of stringent laws to protest the environment, consumer health and safety standards, or to assure job security.

Oscar Andres Rodriguez Maradiaga, 62, archbishop of Tegucigalpa, Honduras, was prominently featured in the latest issue of People magazine as one of papal contenders to succeed John Paul II. The theologically-conservative archbishop is multilingual and articulate. A past president of CELAM, the federation of Latin American bishops conference, Rodriguez has declared in the past that "neoliberal capitalism carries injustice and inequity in its genetic code."

As a young man, he studied mathematics, physics and natural sciences, and earned degrees in theology and clinical psychology. Although he comes from a small nation, Rodriguez Maradiaga's presidency of CELAM could improve his papal prospects.

Rodriguez Maradiaga has also espoused environmental causes, including leading anti-mining protest marches since 2002. Last month, he publicly criticized mining concessions which cover almost one-third of Honduras. "The indiscriminate exploitation of our mines and forests withy no ethical commitment is placing at risk the very purpose of creation--human life and future generations," he declared.

Bishops like Rodriguez Maradiaga espouse the "theology of the excluded," which views the Roman church's role as overcoming the alleged marginalization of Latin America's poor by the economic policies of the International Monetary Fund and the World Bank. A passionate advocate of debt relief, Rodriguez Maradiaga has been a strong opponent of Glamis Gold and its operations in Honduras. Interestingly, Glamis has been lauded by the IMF for its socially-progressive programs in Honduras.

Another prominent Latin American candidate is Brazilian Cardinal Claudio Hummes, 70, is a conservative on church doctrine and a social progressive. He earned degrees in philosophy and taught philosophy at seminaries and a Catholic university.

Hummes is considered a friend of the labor movement and believes the globalized market economy is responsible for the "misery and poverty affecting millions around the world." He asserted that the market economy has "reinvented poverty in many countries."

Brazil is the world's most-populous Roman Catholic nation. The Brazilian Catholic Church has been historically involved in mining issues including opposing the privatization of CVRD. The church also helped organize NGO campaigns against bauxite mining and the production of aluminum by multinational corporations in the 1990s.

Other names being mentioned as possible candidates for Pope include Cardinal Jorge Mario Bergoglia, 68, archbishop of Buenos Aires. The Catholic Church has formed Equipo Nacional de Pastoral Aborigen, which is fighting for aboriginal peoples to obtain title on the lands on which they lived for centuries. Some of these peoples have formed opposition groups to fight proposed gold mining projects in the area.

Columbia Cardinal Dario Castrillon Hoyes, prefect of the Vatican Congregation for the Clergy, is another possible candidate along with Cardinal Norberto Rivera, 63, of Mexico City.

Edelmetalle: Goldinvestoren fürchten weitere Dollar-Gewinne
von Wolfgang Wrzesniok-Roßbach

Die Währungsentwicklung wird dem Goldpreis in den kommenden Tagen die Richtung weisen. Kehrt der Dollar nach dem Rückschlag in seinen Aufwärtstrend zurück, könnte dies für Verluste am Goldmarkt sorgen.
Charttechnisch ist die Marke von 422,50 $ je Unze - der Tiefstkurs der vergangenen Woche - die erste Verteidigungslinie. Davon ist das Gold derzeit rund 4 $ entfernt. Es beendete die Woche bei 426,50 $ je Unze.

Der entscheidende Punkt liegt bei rund 419 $ je Unze. Hier befindet sich momentan die Unterstützung durch den seit rund einem Jahr andauernden Aufwärtstrend. Ein Rutschen unter diesen Preis könnte das Gold überproportional unter Druck setzen. Dann ist nicht auszuschließen, dass das Gold innerhalb einer überschaubaren Zeit auf 410 und, wenn auch diese Marke nicht hält, sogar unter 400 $ je Unze fällt.

Die Gefahr eines solchen Szenarios hat zwar in den vergangenen beiden Wochen zugenommen, solange der Euro aber die Marke von 1,28 $ verteidigen kann, besteht keine wirkliche Gefahr für den Goldpreis. Der Euro ging nach einem starken Freitag mit 1,2932 $ in das Wochenende, ist also weit von der entscheidenden Marke entfernt. Daher sollte auch der erste Widerstand nach oben bei 428,50 $ je Unze im Auge behalten werden, der bei einer Rückkehr des Euro-Dollar-Kurses zu der Marke von 1,30 relativ schnell getestet werden könnte.

Mögliche Goldverkäufe des Internationalen Währungsfonds waren das vorherrschende Thema in den vergangenen Tagen. Nachdem sich verschiedene Politiker für Verkäufe ausgesprochen haben, formieren sich nun zunehmend die Gegner solcher Abgaben. In der vergangenen Woche waren es vor allem EZB-Präsident Jean-Claude Trichet und die Bundesbank, die Verkaufsplänen eine Absage erteilten.

Nachfrage in Asien zieht an

Der vorübergehende Rückgang des Goldpreises sorgte derweil für einen Anstieg der physischen Nachfrage. Aus Indien und Südostasien berichteten Goldhändler über gute Umsätze. Auch in Deutschland hat die Nachfrage vor allem von Seiten privater Kunden wieder zugenommen und dies trotz eines - in heimischer Währung gerechnet - vergleichsweise stabilen Goldpreises. Das Interesse erstreckte sich zuletzt vor allem auf den physischen Bereich und da insbesondere auf kleine Goldmünzen von bis zu einer Unze.

Das Silber stieg in der vergangenen Woche kontinuierlich an und ließ am Ende die psychologisch wichtige Marke von 7 $ je Unze relativ deutlich hinter sich. Der Schlusskurs lag am Freitagabend am Ende bei 7,12. Die weitere Entwicklung wird maßgeblich davon abhängen, ob das Metall über die Marke von 7,25 $ je Unze ansteigen kann. In einem solchen Fall könnte es auch unabhängig von der weiteren Goldpreisentwicklung zu verstärkter Nachfrage durch US-Hedgefonds kommen. Charttechnische Unterstützung gibt es aktuell knapp unter 6,90 $ je Unze.

Die Platinmetalle schafften es im Gegensatz zum Silber nicht, ihre zwischenzeitlich erzielten Gewinne zu verteidigen. Bei weitgehender Inaktivität der industriellen Kundschaft lag das Platin am Ende bei 858 $ je Unze und damit fast ein Prozent unter dem Wochenhoch.

Wolfgang Wrzesniok-Rossbach ist Produktmanager Edelmetalle und Rohstoffe bei Dresdner Kleinwort Wasserstein in Frankfurt.

Shandong, Kingdom of GoldKen Reser

Apr 8, 2005

'Confucius' the great sage once said: "I was not born knowledgeable, I am devoted to antiquity and am quick to seek knowledge."

Located in China's NE and bordering the coast, the Shandong Province is a land steeped in history of Gold Mines, Diamonds, Sapphire, Oil, Iron, Coal & many other minerals. Shandong is the birthplace and eternal resting place of the great philosopher 'Confucius' and a land of much splendor in the shadow of Mt Tai with the fertile delta of the Yellow River embracing its rich agriculture. For hundreds of years the Chinese have dubbed Shandong the Kingdom of Gold. With respect to the eternal yellow metal, Shandong Province produces 26% of China's annual gold production and with new exploration at depth may become one of the world's major gold provinces. (China mined over 212 tons of gold in 2004) (64.5 tons in Shandong Province alone in 2004).

Situated on the confluence of the North China and the Yangtze continental blocks, Shandong is blessed with unique geological structures rich in mineral resources being diversified in each of its several tectonic units. Only now in our time are the depths of these tectonic structures beginning to be tested.

'Confucius' once said: "If work halts, as when it does only one basketful of earth short of completing a mound, it would be I who halt it. If work advances, as when it does with one basketful of earth poured in leveling the ground, it would be I who make it proceed."

Since its acceptance into the WTO, China has hastened to modernize mining laws (White Paper) in order to draw investment and mining expertise from the west. Historically and even today most gold mines are nothing but shallow open pit operations, high-grading the easy low value surface gold. In order to maximize these known gold showings the government has encouraged foreigners to come and joint venture with existing mines, undertake new exploration and form new working relationships beneficial to local communities and infrastructure. One mine producing on a current small scale may in future with modern equipment and technology become another of the world's larger gold deposits and this is the intent of Chinese wisdom in the deregulation and simplification of mining laws and permits.

Goldfields C.E.O. Ian Cockerill in 2003 called China the World's next major gold mining province. He also believes in the potential of major gold finds in the deep complex geological mineral structures of Shandong province and has a JV with Sino Gold of Australia in that area. Goldrea Resources Corp is currently very active in Rushan, Shandong Province in a JV with Shandong Daye Mining Co. Other mining companies from Canada are actively working in China such as Placer Dome, APAC Minerals, SW Resources, Energold, Pacific Minerals, Minco Mining & Metals, Ivanhoe Mines, TVI Pacific & Alcan among others.

One very salient aspect of Chinese reasoning other than gaining western expertise to maximize gold mining potential in China is the fact that mining companies invest equity in joint venture companies, they invest in local infrastructure, they pay taxes and they provide employment at a local level. In China as in all Asian nations the people are most industrious and hard working. Unlike here in the west where we look to our employer for days off for leisure, they in turn look to their employer for extra days and hours of work. When the husband brings home a paycheck for a period of time, soon his wife or sons have a family business to complement their income. Now I do not know if it was Confucius or not who said: "A bird in the hand is worth two in the bush" but it applies to the forward thinking of China's new approach to JV mining with our established mine exploration companies of the west.

In a paper on Mining in China which Placer Dome created they stated the following.
(Excerpt)

Western Business Approach.
Do business
Become friends

Eastern Business Approach.
Become friends
Do business

In China my task is to have friends. It is my friend's task to bring me the project I need.

In China you will find your best friend and your worst enemy, your task is to make sure they are not the same person.

In China everything is possible or impossible, it is up to you. (end of excerpt)

Current large mines in China produce 30,000 to 70,000 oz of gold p/yr. They want mines that produce 300,000 to 400,000 oz p/yr. With modern mining exploration practices and extensive drill testing they will in all probability have a few in due course. From the sheer vastness of China's boundaries, to the hard working industriousness of its people, and the immeasurable wealth of untapped minerals, China is exactly the place for the world's next great gold discoveries to be made.

So, if from my writing you have gained some insight into the potential and security of foreign mining companies venturing into the land of the Golden Dragon and more specifically Shandong Province 'The Kingdom of Gold' then you will realize why China has in recent months and years revised over 2500 Mining Laws and regulations, and why China is a very big part of our gold mining future.

'Confucius' also said: "When three men walk together, there is always something I can learn. Choose to follow what is good in them and correct what is not good."

Ken J. Reser
Investor Relations Consultant

American senator Russell Feingold has launched a scathing attack on President Thabo Mbeki in the US Congress. He has accused Mbeki of helping President Robert Mugabe's regime in its quest to cling to power at all costs at the expense of human rights.

The senator described the South African leader's act of sweeping rights abuses in Zimbabwe "under the rug" and helping Mugabe remain in power as "one of the greatest disappointments of all".

Feingold stopped short of calling on the Bush administration to review its relations with South Africa in an address to Congress this week.

His and senator John McCain's private correspondence to Secretary of State Condoleezza Rice has prompted the Bush administration to take an even tougher stance on Zimbabwe.

Am letzten Freitag war ein kauffieber fuer GAM.TO
Gammon Lake, up 10% bei dreifachen daily volume.
Ist mir nur aufgefallen ! :))

mfg

XEX

http://www.minandes.com/s/RecentDiscoveries.asp

"There was a meeting today between the various affected parties, including AngloGold Ashanti, and the pumps most definitely haven't been turned off. We are going to address this jointly. The matter of the underground water is being addressed at a very high level and everything is being sorted out," a legal spokesperson for one of the liquidators of the two gold mines said on Wednesday.

"The talk about flooding is really nothing -- a storm in a teacup. The problem of flooding is a widespread problem in the gold-mining industry. A company can't just walk away, it has to continue pumping," a Johannesburg analyst said.

Harmony Gold recently tried to stop pumping underground water at its Randfontein 4 shaft but could not do so as it would have had an impact on the adjacent South Deep gold mine, he added.

"DRDGold still has a legal responsibility despite the fact that they have placed Harties and Buffels in liquidation. They still have a number of legal and economic responsibilities," the analyst said.

The legal obligation to continue pumping underground water from the Hartebeesfontein and Buffelfontein gold mines will still rest with DRDGold after the liquidation of the two gold mines, AngloGold Ashanti said on Wednesday.

"AngloGold Ashanti is not willing to assume this liability, the cost of which we estimate at R85-million a year," the group said.

Apart from the Hartebeesfontein and Buffelfontein gold mines, DRDGold in South Africa owns the Blyvooruitzicht mine and has a 40% stake in both Crown Gold Recoveries and the East Rand Proprietary Mines, which are solvent.

DRDGold also has Australasian gold mines -- it wholly owns the Tolukuma mine in Papua New Guinea, and has a 45% stake in Australia's Emperor Mines, which operates the Vatukoula gold mine in Fiji, and a 20% stake in the Porgera mine in Papua New Guinea.

All the mines not operated by AngloGold Ashanti are updip of AngloGold Ashanti mines and underground water, if not controlled, would flow down the natural dip in the underground strata into the AngloGold Ashanti gold mines, the group said.

"Consequently, the updip mines are obliged by law to continue pumping underground water, even after their mining operations have ceased," AngloGold Ashanti said.

The obligation to continue pumping underground water arises under common law as well as the National Water Act 36 of 1998, the National Environmental Management Act 107 of 1998, the Minerals and Petroleum Resources Development Act 28 of 2002 and the Mine Health and Safety Act 29 of 1996, the group said.

ANC, SACP 'face same challenge'

10/04/2005 10:19 - (SA)

Durban - President Thabo Mbeki told a special congress of the South African Communist Party in Durban on Saturday that the SACP and African National Congress faced "common challenges".

He told delegates that the ANC was interested in the decisions made by the SACP congress because it would "influence what the ANC thinks, what the alliance thinks and what we will do".

Mbeki jokingly told delegates that he had a problem with the ANC and their two-term presidential policy.

He said he understood that the SACP wanted to run independent of the ANC in the elections and if this decision was taken he would join the party "providing you remove the two-term limitation".

Mbeki said it was important for the SACP special congress to discuss the focus of the party and its relation to the ANC. The president also hit out at 40 000 civil servants who defrauded old age pensioners and people who were supposed to get child support grants, questioning how they could call themselves revolutionaries.

On the issue of Zimbabwe, Mbeki said that three million people had died in the Congo because of war and people were not talking about it. However, an "extraordinary noise" was made when ten or a dozen people died in Zimbabwe.
He pointed out that in a period of about ten years from 1993, 300 000 people were killed in Burundi.

He said there was no noise about that but "we know everything about Zimbabwe".

Before Mbeki arrived, Gauteng based businessman Patrice Motsepe was seen hugging the SACP's Philip Dexter and dancing and singing along to an SACP song which says "we don't want a capitalist agenda". The congress ends on Sunday.

CHINA PRESS: ICBC Given OK For Gold Derivatives Operation
SHANGHAI (Dow Jones)--Industrial & Commercial Bank of China (ICBC.YY), one of China's four largest lenders, has received regulatory approval to launch gold derivatives products, the state-owned China Securities Journal reports.

The report cites an unnamed official at the bank as saying that the China Banking Regulatory Commission has recently approved ICBC for the business.



The report doesn't disclose what kind of gold derivatives ICBC will launch, but cites the official as saying they are in active preparations for the operation.

ICBC said earlier it is considering setting up a fund management firm with Credit Suisse First Boston Corp. (CSF.YY) and state-run shipping firm China Ocean Shipping (Group) Co., or COSCO Group.

China's central bank earlier announced that ICBC, along with other two major state-owned banks, had been chosen to set up fund-management companies as part of a pilot program.

Newspaper Web site: http://www.cs.com.cn

Norilsk Nickel to Invest $2.3Bln in Gold Projects
Created: 08.04.2005 15:23 MSK (GMT +3), Updated: 17:57 MSK

MosNews

The head of Polyus, the gold unit of Russia’s mining giant Norilsk Nickel, said on Friday, April 8, that the company plans to invest a total of $2.3 billion in various projects over the next five years.

Russia’s gold industry has been booming in recent years as market players cash in on high global prices to invest in new acquisitions and explore Russia —- which has some of the world’s biggest untapped gold fields.

Yevgeny Ivanov, head of Polyus spoke to reporters in the Siberian city of Krasnoyarsk. He was quoted by Reuters as saying that the company wanted to raise its direct gold exports next year from around 15 tons in 2005 —- although he declined to say by how much. As MosNews reported last month, Polyus received a license to export the gold it produces directly without using the service of intermediary banks.

“We think that we can sell without intermediaries,” Ivanov said, adding that next year’s export volume would depend on how well this year’s transaction goes and logistical capabilities.

Analysts, quoted by the agency, say it is natural that Polyus, which produced around 34 tons of gold last year, would want to raise the proportion of gold it sells directly on the global market.

Regarding investment, Ivanov said Polyus planned to borrow 25 percent while the rest would be its own cash. The investment figure includes $600 million for new acquisitions in Russia and possibly other ex-Soviet states, as well as a further $600-700 million for construction of a new processing plant at its huge Natalkinskoye mine in the Magadan region in the Far East, Ivanov said. Polyus would spend at least $140 million on exploration of new gold deposits in Russia, he said, adding that Polyus plans to keep gold production at the 2004 level this year and in 2006.

The Russian gold producer’s earnings before interests, taxes, depreciation and amortization (EBITDA) were $199 million in 2004, calculated to International Accounting Standards which is a 50 percent rise from 2003.

Asked whether Polyus was considering floating shares on a stock exchange, Ivanov said the company was “mature enough” to do that but had yet to take a decision.

@hpoth

Da hast du vollkommen recht, du siehst ja was z.B. bei DRD passieren kann. Im allgemeinen bieten Goldminen Aktien ca. einen doppelten gewinn,oder verlust, im vergleich zum physischen gold das man in der tasche hat. Ich bin der meinung dass man so oder so mindestens 10% seiner gesamtwerte in Goldmuenzen oder Barren haben sollte, nur als versicherung fuer turbulente zeiten auf den finanzmaerkten.

mfg

XEX