Denver Meeting - Any News?? - 500 Beiträge pro Seite

[Nando]

Moin Mädels,

Was ist denn aus Denver zu hören? Auc auf der gata-Seite ist noch nichts zu lesen? Wie soll es mit dem Hedging weitergehen?? Sollten die Goldproduzenten sich nicht langsam aus diesem Kreise (Hedging meine ich) verabschieden?

Any news appreciated.

Gruß
Nando

[TFischer]

Es geht auch für Minen darum, wie sich der Goldpreis entwickeln wird! Und da ist es wichtig, dass allgemein anerkannt wird, dass grosse Shortpositionen noch zu decken sind! In diesem Zusammenhang der erste Artikel von alaron.com:

The Denver Gold Group Conference is convening today at the Westin Hotel, this could make for some good stories this week. Here is the first of many...

By Darcy Keith, Bridge News Denver--Oct 18--About half of the current outstanding gold leases may be restricted due to the recent agreement by a number of European central banks to limit gold lending and sales, said World Gold Council CEO Haruko Fukuda said today. The gold producer lobby group estimates the current outstanding gold leases to be at least 5,000-6,000 tonnes.

"We estimate that about half of the currently outstanding gold leases of at least some 5,000-6,000 tonnes has come under the restriction of the (central bank) agreement," he said. Speaking at the Denver Gold Group`s mining investment forum here, Fukuda said many of the countries not party to the agreement are thought to be already "fully lent" or are barred from lending by domestic legislation. "The agreement to limit lending to present levels is certain to reduce substantially any new supply of gold for borrowing, given that the US, Japan and the IMF are also out of this market," he said. The agreement covers nearly 50% of the world`s official gold holdings as the 15 signatories of the agreement collectively hold about 16,000 tonnes out of the world total official holdings of 33,500 tonnes, he said. Fukuda said the market should be confident that the central bank agreement is "watertight." "As I have been told by signatory governors of central banks to the agreement, there is good reason to expect that the agreement is watertight," he said. "Not only do the signatory central banks have legal control over their gold reserves, their governors meet every month in Basel," he said.