Beiträge von Edel Man

  • Thai Guru's Gold und Silber ... (Informationen und Vermutungen)

    China's growth projection to boost commodities
    G. Chandrashekhar


    Mumbai Oct 12


    CHINA'S commodities bull story which has held everyone's attention in recent years, is far from over. In the near future, the Asian giant's growth could be even stronger than the scorching rate so far.


    Support for this extremely optimistic view is drawn from China's Communist party endorsement of doubling the country's GDP per capita by 2010 as compared with the year 2000.


    China has been one of the key drivers of the commodity market in the recent years. With economic buoyancy, rapid industrialisation and urbanisation came a strong demand for a wide range of commodities including energy (crude), base metals (copper, zinc) and agricultural goods (vegetable oil, soyabean, sugar, cotton).


    The latest report of China's Communist Party plenum endorsing the country's goal of doubling its GDP per capita has sent a fresh wave of excitement and apprehension in commodity markets. The endorsement would imply a per capita real GDP figure of $7,687 (purchasing power parity adjusted).


    Strong manufacturing and construction activity has driven Chinese metals' demand and continues to do so as reflected in robust fixed asset investment and industrial production.


    Although demand for copper has risen substantially over the years, yet the per capita demand is still considerably low vis-à-vis Asian neighbours such as Japan, South Korea and Taiwan.
    Despite being a large producer, importer and consumer, China's per capita consumption of many commodities is modest primarily because of a large population (1.3 billion), modest income levels and large rural population.
    With the country set to pursue the objective of doubling GDP per capita, demand for a whole range of commodities — agricultural and industrial — is sure to soar.


    For instance, copper consumption of a mere 1.9 kg per capita would more than double to 4.6 kg per capita by 2010 which would mean 6.3 million tonnes per annum.


    In case of energy too, of which China is the world's second largest consumer, demand will more than double in the next 20 years, with extension of the energy infrastructure boosting aluminium and copper demand, experts assert.


    For the world market that is already reeling under a bull run in many commodities, the latest China story is sure to provide a further shot in the arm. The report is highly supportive to prices.


    What is unclear at this point in time is to what extent it would impact the widely expected global economic slowdown due to high crude prices and what would be exchange rate policy China would follow.

  • Cortez Trend - Nevada

    McEwen still digging for gold
    ...Continued


    Q. Your involvement has obviously renewed interest in U.S. Gold's stock.


    A. Everybody who's joint ventured or run it before has wanted to put the surface resources into production. To me, you don't want to do that. This is an exploration play, not a small production play.


    Q. How expensive is this kind of exploration and how much cash do you need to raise?


    A. I would like to be sitting on sufficient funds to be able to run for 18 months to two years exploration. So it's probably about US$10-million. We have to raise that much, probably through an equity investment.


    Q. Do you expect an investment from one of the majors on this trend?


    A. No, investors, whether retail or institutional.


    Q Tell me about NovaGold Resources Inc. (it has been buying up U.S. Gold shares at the same time as Mr. McEwen).


    A. They own about 16% of the company. They were buying it to do exploration on it. We've had discussions because they're our second largest shareholder and we'd like to keep the door open. Just discussions right now.


    Q Are you going to fight if they try to make a run at the company? (He once donned boxing gloves for the photographers in the defence against the Glamis gold bid.)


    A. No, no. They're good exploration guys.


    Q. What about your other investments?


    A. I have a 12% stake in Guyana Goldfields [Inc.] (GUY/TSX) ... I have about a 50% interest in [oil and gas junior] Lexam [Explorations Inc.] (LEXh/TSX-V). In the early 90s we were drilling for gold on the property and we hit oil. We drilled 42 or 43 holes and 27 of them hit oil and two of them flowed to surface. It was one of these stories that takes your eyebrows and pushes them above your forehead pretty quickly ... It's a large property package that has some interesting characteristics to it, and it's the only deep basin in Colorado that hasn't been drilled.


    Q. Would you sell Lexam to fund your gold exploration plans?


    A. I'd personally like to drill it. It's a big property. I like large targets.


    Q. What is your outlook for the gold price?


    A. It hasn't changed. Five years out, US$850 per ounce. I believe we're now in the second phase of the gold market. The first phase involved gold moving higher against the U.S. dollar. The second phase, which started this year, is gold moving up against all currencies. ;) And the third phase will kick in with public participation and it will start increasing as we start going through US$500 and US$600 per ounce. And it will start running away. But right now gold is not on the radar screen for most people, for most investors. :]

  • Cortez Trend - Nevada

    McEwen still digging for gold
    Former Goldcorp chief has his eye on Nevada

    Lori McLeod
    Financial Post


    Thursday, October 13, 2005


    Former Goldcorp Inc. chief executive Rob McEwen was a fixture in the Canadian gold industry for years. But he left Goldcorp earlier this year after he fended off a bid from Glamis Gold Ltd. and steered his company to a merger with Wheaton River Minerals Ltd.


    Now this gold bug is throwing his considerable wealth and reputation behind exploration of the Cortez gold trend in north central Nevada. Mr. McEwen spoke with the Post's Lori McLeod about how a deep drilling approach could lead to paydirt in one of the world's hottest mining regions.


    Q. After taking a big stake in U.S. Gold Corp. (USGL/OTC BB) you recently took the helm there. Is this your new Goldcorp?


    A. I think it has a lot of potential. It's in a great district and has a lot of exploration upside. Sitting 10 miles away is Placer Dome's Cortez Hills discovery, which basically changed the future of this trend, which is called the Battle Mountain/Cortez trend. Placer's discovery basically said within the trend is Carlin-style mineralization, which is a new revelation. Carlin, which is 20 miles away, is another trend that hosts about 180 million ounces of gold of which about 60 million has been produced so far.


    Q. When did you actually become interested in this property?


    A. I became interested in the Cortez trend several years ago. We were looking to buy an interest in a producing mine there. And I went, "Wow, this is a remarkable part of the world." And that deal didn't come to pass, and so Goldcorp, through my direction, invested some money in a company called White Knight [Resources Ltd.] (WKR/TSX-V). When I stepped down as CEO [after the merger], the new management group had a preference for buying advanced exploration plays and properties already in production, so the decision was made to sell [the junior exploration portfolio]. I stuck up my hand and said "I'll buy some of these things you're selling."


    Q. And these are your own personal investments?


    A. That's right. I bought a 10% interest in White Knight, which I subsequently increased to 17%. And I'm looking at the claim map which shows this district. At the top of the district you have Newmont [Gold Corp.] and Placer [Dome Inc.] with big land positions ... at the bottom end of the trend you have Newmont [Mining Corp.], Placer and Barrick [Gold Corp.] If you were to think of it as a sandwich, the majors are the two pieces of bread, and in between are a number of small, junior explorers that have a good size chunk of the trend. But they're underfinanced, and they've sold off parts of their properties to majors. But U.S. Gold's property is still 100% owned, and its very strategically located, it hasn't been explored at depth ... and White Knight has property on three sides of it.


    Q. What's the appeal for investors?


    A. You're in the right country from a standpoint of foreign exchange, you're in the right state from a standpoint of discoveries, and you're in the hottest trend in that state. If you could create a vehicle where investors could appreciate the magnitude of discoveries that have been made down there [along with] the possibility of making others, they would say what type of stock do I want to play? Do I want a senior, where I'll get a move but not much, or do I want to play a junior that has a chance of tripling or more?

  • Juniors aus Kanada

    Naja der Crystalball,


    mit vielen IF´s.Schon vorsichtiger ,aber unverdrossen $94.
    Weiß der Henker, was die da drüben im Schilde führen.


    Aber immerhin ist er und die Gang hinter ihm bullish für Silber,
    und verliert Gold 1000 $ nicht aus dem Auge. :))


    Ist doch OK. :]


    Grüsse

  • Juniors aus Kanada

    Man hört förmlich das Gehechele der Lemminge drüben,Talking and Lying Heads sei Dank. :]
    Sogar KITCO´s PM Stocks "setzt aus" :(


    Wenn die alle ausgerannt haben ,sieht das besser aus.
    Wenn iÜ 470$ etwa hielte,wär das sehr gut.

  • Juniors aus Kanada

    Aladin


    Der Markt quittiert die Gier der Kursverwässerer bei FVI -10% zu Recht.
    Hoffe,daß du da heute gut rauskamst.


    Tja und ansonsten Kopfhörer auf und Classics,in paar Tagen ist der Spuk ala Halloween vorbei. ;)


    Grüsse

  • ich bin wieder da

    Bei der Bildung des Goldpreises,bei all der zusätzlichen Manipulation - noch--
    zB durch die Comex,ist mE noch kaum berücksichtigt, daß 1/3 bis 1/2
    dieser Goldbestände nicht mehr im Besitz der Notenbanken sind !!


    Grüsse

  • Juniors aus Kanada

    Aladin


    Diese Private Placements sind zum K.......Die Jungs,nicht nur hier,bedienen sich ganz lustig und ungeniert.
    Da diese Geschichte schon länger läuft,könnte dies eingepreist sein.Allenfalls kleine Delle,denk ich mal.


    Sehe gerade, daß der $höher (gepuscht) wird.
    Das kann bewegt werden.
    Diese Pundits versuchen alles.


    Daß Du aber auch mit Deinem Margin so ran gehst........
    Wünsche Dir das Beste! ;)


    Grüsse

  • Juniors aus Kanada

    Hab mir mal die gestrigen Käufe angeguckt,Aladin:
    (die zuvor kurz erörtert wurden)


    Bei deeeem Markt logo nicht erhebende Entwicklung,aber :
    GR 0,18 + 20%.!! :] Gutgut.
    Hoffentlich billiger eingekauft.


    Aber echt witzig mein heißer Tip,selbst auch nicht gekauft:
    PXI 0,4 +25% ;)
    Bei deen Zwergen Riesenschwankungen,bei PXI 0,31-0,4.


    Grüsse

  • Fortuna Mining / FVI, FSM (TSE, NYS)

    Wed Oct 12, 2005
    Fortuna Completes $10.2 Million Financing
    October 12, 2005: Fortuna Silver Mines Inc. (TSX-V:FVI) is pleased to report that it has closed the second tranche of its private placement previously announced on August 3, 2005 raising an additional $3.0 million. In total, the placement raised $10.2 million and was oversubscribed by $1.2 million.


    In the second tranche, the Company sold 4.0 million units via a non-brokered private placement at a price of $0.75 per unit to raise gross proceeds of $3.0 million. Each unit consists of one common share and one warrant entitling the holder to purchase one additional common share of the Company at $1.00 in the first year and $1.25 in the second year. In connection with certain of the subscriptions received, the Company paid finder's fees totalling $153,587 cash and warrants to purchase up to 231,056 shares exercisable at $0.80 per share for two years.


    All of the above securities have a four-month hold period from the date of issuance, expiring on February 8, 2006.


    The net proceeds of the placement will be used to make payments related to the acquisition of the Caylloma Mine in Peru, for exploration and development of the property, and for general working capital purposes.


    Fortuna is a growth oriented, near term silver producer focused on Latin America. Our primary asset is the Caylloma Silver Mine in southern Peru, and we are aggressively pursuing additional acquisitions. For more information, please visit our website at http://www.fortunasilver.com


    The TSX Venture Exchange has not reviewed and does not take responsibility for the accuracy of this release.


    ON BEHALF OF THE BOARD
    Peter Thiersch, President
    Fortuna Silver Mines Inc.

  • Thai Guru's Gold und Silber ... (Informationen und Vermutungen)

    Und was sagt "Mr.Gold" zur gegenwärtigen Situation?
    ***********************************************************
    Wednesday, October 12, 2005, 11:18:00 AM EST

    Author: Jim Sinclair


    Gold to Breach $529 on this Move


    Who has made more financial progress, the hot shot trader or the gold and good gold share committed investor? Forget the hot shot traders who claim continuous infallibility. The biggest winners are the stand and hold crowd. ;) The next position is held by the sell 1/3 on strength TA correct, buying back the same way, and the last is the fool that thinks he/she can trade for insurance. Sure there are exceptions but 95% of them lose. Even the best of the best wins by quitting at a point of satisfaction. Trading is a zero sum game and by doing it all your life you live out your final days divorced and living in a cardboard box.


    Gold is going to breach $529 on this move and will make significant new highs in the manner I have described in the past.

  • Thai Guru's Gold und Silber ... (Informationen und Vermutungen)

    Neenee,kein Kommafehler. Ist aber eben eine Perspektive


    Und nun kommen ,wie gerufen, die unvergleichlichen Aden-Sisters:


    Aden


    Der Schlußabsatz!!:


    For now though, the bull market is alive and well and it looks like there are many good years ahead for this special metal. Based on the mega trend, this bull market is still young. Big money has been moving in but the public hasn't come into the market yet. Once that happens, the bull market will pick up steam and you'll clearly want to be on board.