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[ThaiGuru]

Nochmals etwas "Verschwörungstheorie" zum Goldgeschehen!

Gruss

ThaiGuru

“The JPM gold derivatives are a gold loan book”.

IF he is correct and the JPM gold derivatives book IS a “Loan” book then from whom did JPM borrow the gold? At one point, JPM had over $50 Billion on their books at various maturities. At $270 that amounts to a huge fraction [185.2 Million ounces or 5,945 tonnes] of the US officially stated gold reserves of 8,000 tonnes.

Now, if we remove the 1,700 tonnes of West Point gold from the official US total 8,000 tonne reserve number (Due to it’s “Custodial” status) we get...you guessed it: 6,300 tonnes. A number that is remarkably close to the JPM gold derivative “Loan” Book valued at $270 per ounce. Allowing for miscellaneous bullion commitments could this be the source of the JPM gold “Loans”. Has the Treasury “Loaned” substantially ALL the gold?

This is the inescapable conclusion that flows from Deep Throat’s statement about the gold loan book. There is no other explanation that I can see.

Furthermore, the gold supplied by Kuwait, Bangladesh, The Netherlands, the Swiss and now Russia may be the required repayments into the JPM and CitiBank and other cabal bank’s gold derivative book’s as the various maturities come due. In other words, a three year loan from the Treasury to JPM made in 1999 has been physically sold but must be paid back in 2002 to square the books so the US strong arms Russia [Or some one else] for 40 tonnes to make a payment and so on. A wartime scenario is conducive to transferring another country’s gold for “Safety” reasons. Since there are war clouds maybe the Treasury thinks it has an out there.

The gold market action suggests that the Treasury is not able to operate as they once did. It seems certain to me that they would never have allowed gold to cross $300 if they had sufficient resources of their own. Remember that Fed scruples are extinct so they could care less about perceptions of manipulation.

Have they loaned all our gold? Are they running on empty?

Best,
Mike

www.lemetropolecafe.com

[Khampan]

ThaiGuru hat soeben die Dausend (Postings) geknackt!

Yin dii duai lä chook dii too pai.

Khampan

[GebrderHunt]

Klasse! Das ist ein Grund zum Feiern.

Nicht nur zum Feiern. Es wäre schön, wenn sich viuele ein Beispiel nehmen würden. Denn dann wäre es in diesem schönen Board noch schöner.

Glückwunsch an Thai Guru! So weitermachen, ist schon Klasse!

Der Boardveranstalter sollte in diesem Fall auch einmal eine kleine Aufmerksamtkeit bereit haben.

[ThaiGuru]

@Khampan

Khop khun maak cap

Hai chook dii müen can

@GebderHunt

Danke Dir

Doch zu feiern gibt es eigentlich noch nichts, bevor der Goldpreis sich wieder frei nach Angebot und Nachfrage entfalten kann.

@Marius02

Du hast wirklich Recht!

Die USA sind faktisch das einzige Land auf dieser Welt, das mit Geld zum Druckkostenpreis, wo auch immer, einkaufen gehen kann.

Die Frage ist nun halt, wie lange noch?

@Tippgeber1

Wie es jetzt im Moment aussieht, stimmt die Richtung wieder, und der Preis hält sich.


Gruss

ThaiGuru

[Tippgeber1]

@all

Hurra unser ThaiGuru hat die 1000 geknackt
und wir scheinen vor einem Megaaufschwung zu stehen.

Fazit: Das Gold wollte die 1000 sehen


Gruß


Tippgeber

[ThaiGuru]

http://www2.swissinfo.org/sde/Swissinfo.html?siteSect=143&ei…

Schweizer Zeit 15:21, Mittwoch 19.06.2002

Computerindustrie nach wie vor in der Krise

REDWOOD/CUPERTINO/SUNNIVALE

Die Computerindustrie steckt nach den dramatischen Einbrüchen weiter in der Warteschleife.

Eine Erholung scheint trotz anders lautender Prognosen nicht in Sicht.

Nachdem Oracle noch vor rund 14 Tagen mit positiven Erwartungen Hoffnungen geweckt hatte, gab der drittgrösste Softwarehersteller der Welt am Dienstag nach Börsenschluss einen um 23 Prozent niedrigeren Quartalsgewinn bekannt.
Unterdessen meldeten Apple und AMD sinkende Gewinn- und Umsatz-Erwartungen. Sowohl der kalifornische Computerhersteller als auch der nach Intel zweitgrösste Chipproduzent machen die andauernde Schwäche des PC-Marktes für das schwierige Geschäft verantwortlich.

Der Umsatz im zweiten Quartal werde voraussichtlich 620 bis 700 Mio. Dollar betragen, hiess es bei AMD. Die vorherige Prognose lag bei 820 bis 900 Mio. Dollar. Als Grund nannte AMD die gegenwärtige Schwäche am PC-Markt. Besonders das Prozessor-Geschäft in Nord-Amerika und Europa sei derzeit schwach.
Wegen der anhaltenden Nachfrageschwäche bei Verbrauchern und Unternehmen senkte auch Apple seine Umsatz-und Gewinnprognose.

Apple rechne für das dritte Vierteljahr bis Ende Juni mit einem Gewinn je Aktie (verwässert) von 8 bis 10 Cent, verglichen mit früheren Prognosen von 11 Cent oder höher, wie der Konzern im kalifornischen Cupertino nach Börsenschluss mitteilte.

Der Umsatz werde im Quartal bei 1,4 bis 1,45 Mrd. Dollar liegen. Zuvor hatte Apple 1,6 Mrd. Dollar erwartet. Als Grund für die gesenkten Prognosen nannte Apple vor allem die schwachen Märkte im Bereich Werbung und Medien.

19.06.2002 12:46, SDA-ATS

[ThaiGuru]

http://www.forbes.com/markets/newswire/2002/06/19/rtr636175.…

Early COMEX gold shines amid more Middle East jitters

Reuters, 06.19.02, 10:13 AM ET

NEW YORK, June 19 (Reuters)

COMEX gold was showing off above $320 an ounce early Wednesday, capitalizing on the woes of the dollar and global equities on new jitters about the Israel`s response to the latest Palestinian suicide bombing.

"It`s basically all off the Middle East. This morning the Israelis announced they were going to take towns over with the suicide bombings," said a COMEX floor broker. "The Dow is down and the dollar is getting whacked a little bit. That just just helps the metals."

August gold <0#GC:> was up $2 at $321.70 an ounce at 0927 EDT, trading from $320.00 to $323.00.

Spot gold <XAU=> was quoted at $320.85/1.35, up from $319.30/9.80 at Tuesday`s New York close. London`s morning fix Wednesday was $321.85.

Israeli trucks loaded with mobile buildings rolled into the West Bank city of Jenin Wednesday, joining troops who moved in in the wake of Tuesday`s bombing which killed 19 people on a bus in Jerusalem. Israel announced that it would respond to new attacks by retaking and holding Palestinian ruled areas.

The dollar fell to a 17-month low against the euro early Wednesday at $0.9580 on the news, and Wall Street was bracing for an ugly day. The Dow Jones industrial average was down 58 points just a few minutes into the session.

Israel`s military incursion into the West Bank in late March was a catalyst for gold`s rally above $300. The weak dollar fed the move, which topped at $331.50 two weeks ago, as overseas investors looking for safe havens found gold more attractive in local currency terms.

"The movement in the forex (market) will have profound effect on the gold price, should such continue, and the bull market in gold looks quite certain," wrote Leonard Kaplan, president of Prospector Asset Management, in his daily market commentary.

COMEX July silver <0#SI:> was up 3.5 cents at $4.88 an ounce, tracking gold in a $4.855 to $4.915 range.

Spot silver <XAG=> stood at $4.87/89, up from $4.85/87 late Tuesday. Silver was fixed in London at $4.895.

NYMEX July platinum <0#PL:> was up $2.70 at $568.50 an ounce. Spot platinum <XPT=> stood at $565/572, hitting $567, its highest since July 11, 2001.

Platinum buying was fueled by Asia where TOCOM platinum futures rallied on stop-loss buying on the back of a skidding Nikkei stock index.

September palladium <0#PA:> was up $2.50 at $337 an ounce recovering from Tuesday`s contract low at $330. Spot palladium <XPD=> was quoted at $335/342.

Copyright 2002, Reuters News Service

[Sozzi]

...sogar die Ölscheich´s gehen in Gold...

Gold`s future hinges on luring more big investors


MIAMI, June 18 (Reuters) - Attracting investment to gold as an alternative asset will be the key to sustaining the 2002 bullion rally in coming years, according to senior mining executives, refiners and dealers gathered here for a global forum on the future of gold.
Reduced gold production as the mining industry consolidates could help hold up prices. But gains must be orderly to avoid scaring away price-sensitive buyers from the jewelry sector, the bedrock consumers of the gold supplied by producers, said industry professionals attending the annual conference of the International Precious Metals Institute (IPMI), which sponsored the all-day round-table event Tuesday.
"You have to have jewelry to clear the market (supply.) Then if you want to drive the price on the upside, you have to have investment," said Kelvin Williams, head of marketing at South Africa`s AngloGold Ltd., the world`s third-largest producer.
"For that investment, external economic fundamentals and external market circumstances have to move in your favor," he told Reuters after the presentation.
The industry wants to attract more mutual funds, pension funds and super affluent individuals and downplay the U.S. retail investor, who might only buy a handful of coins -- hardly the stuff of big profits for a major dealer. The focus is on the securitization of gold so individuals can avoid the difficulties of handling the very cumbersome precious metal.
John Hathaway, equity fund manager at the Tocqueville Asset Management said that if just one tenth of one percent of the $35 trillion invested in global financial assets were diverted into bullion it would equal 3,500 tonnes of new physical demand, which is more than the approximately 2,600 tonnes produced last year by the world`s gold companies.
"We need to make it easier for more funds and more individuals, not just on the physical side, but through some kind of certificate," said Bruce Hansen, chief financial officer of No. 1 producer Newmont Mining.
The IPMI, and last week`s London Bullion Market Association conference in San Francisco, comes during one of the most optimistic junctures for the gold market in two decades, with futures and bullion rallying steadily all year after hovering not far from the 20-year lows around $252 an ounce in August 1999. Gold equities are among the star performers of 2002.
"It`s a much more upbeat crowd than last year," George Gero, a veteran futures trader and director of the IPMI, told Reuters.
"There are 48 new members. No matter how you look at it, prices are up 15 percent, volume is up 50 percent and open interest is up 70 percent," said Gero, a panel member.
Prices exceeded $330 an ounce for the first time in 2-1/2 years two weeks ago on the back of a weakening U.S. dollar, financial market jitters about the pace of economic recovery and corporate accounting scandals, as well as on safe-haven buying amid fears of terrorism and nerve-racking tensions in the Middle East and between India and Pakistan.
"Even though it started to turn around before Sept. 11, that seemed to be the point of no return in the gold market," contributed Phyllis Casey, a bullion dealer with Fleet National Bank in Providence, Rhode Island, a major jewelry fabrication center.
Casey said she saw a 7 percent drop in U.S. demand for gold for jewelry since last year, a function of the recession and the cost consciousness of physical buyers.
Demand from India -- the world`s largest gold consumer for jewelry and trinkets -- and other traditional buyers in the Middle East, Asia and the Subcontinent is likely to dry up if gold keeps rising rapidly. But physical buyers would grow accustomed to paying more if market volatility abates, experts said.
"I don`t think our market can accept this price. If the price stays like this for three to six months then it will accept this price," Haji Abdul Razzak, chairman of ARY Group in Dubai, United Arab Emirates, told Reuters on the sidelines of the conference.

Dubai is a major bullion dealing and transit center into India and the Middle East.

Despite the perception of increased global hoarding of gold since the attacks on the World Trade Center and Pentagon nine months ago, sales of new gold coins are down "significantly" this year, according to panelist Steven Abbriano of Scotia Capital in New York City.
"We do see some very interesting investment coming in -- large-worth individuals coming in and saying `I`d like $5 million worth,`" Abbriano said.
Hathaway contends that gold has entered a long-term (perhaps 10 year bull cycle).
"When we see a four-digit handle on gold it won`t be because they love gold, it will be because they can`t stand the alternatives," Hathaway said.
But according to Jonathan Potts of Delaware-based bullion investment firm FideliTrade Inc., there is too little awareness among banks and investment brokers of the services available for clients to diversify into bullion, which unlike stocks and bonds, is a physical commodity that must be stored, transported and insured.
There is also the problem of keeping interest in bullion alive when the stock market turns around. Gold was plagued by its old-economy image in the 1990s Wall Street boom, while the strength of the dollar kept inflation down. But the boom has gone bust, while other psychological negatives are now fading, such as central bank sales and hedging by producers to protect the price of reserves still in the ground.
"The big losers were the mine owners, but the loss was less than half of the government`s gains from the sale proceeds," said Dale Henderson a guest speaker from the U.S. Federal Reserve.
Chris Bradbrook, GoldCorp vice president of corporate development, said gold mine production was headed down and that, at some point, the primary supply/demand equation would have a positive effect on the gold price.
"Investors are supposed to take falling mine output as a cue to buy gold shares," he said.


Tuesday June 18, 5:56 pm Eastern Time
Reuters Market News

[ThaiGuru]

http://www.bday.co.za/bday/content/direct/1,3523,1111139-607…

Gold the only bright spot on JSE

--------------------------------------------------------------------------------

By Janice Healing

The JSE Securities Exchange South Africa (JSE) was awash with red ink this afternoon, apart from the
gold index which was looking strong.

Dealers said that there had been a broad-based drop on all indices, with the exception of the gold index.

At 3.04pm the all share had dipped 0.16%, the industrial index fell 0.15%, the financial index moved 0.32% lower, the resources index dipped 0.23%, the information technology (IT) index slumped 3.51% and the platinum index weakened 4.18%.

However, the gold index showed a gain of 4.22%.

I-Net Bridge

[mickym [VIP]]

In N24 wurde gerade Gold und Goldminen langfristig empfohlen.
Wichtig sei der Bruch beim Gold von 330$ und der Rustsch des S&P 500 unter 1000. Beide würden entgegengesetzt korrelieren.

Auf Jahressicht wird ein Goldpreis bis 400$ realistisch sein.

Goldminenempfehlungen: Harmony Gold und Gold Fields.

Inzwischen sind nach einer Konsolidierung die Goldminen aktiven überverkauft, was man an RSI und Stochastikosziallatoren erkennen kann.

Ein Beweis für ein längerfristigen Aufwärtstrend.

Was denkt Ihr sind solche öffentliche Empfehlungen grundsätzlich positiv oder negativ zu werten?

gruss
mic

[mickym [VIP]]

Goldminen aktiven = Goldminenaktien, sorry

[ThaiGuru]

@mickym

Das schafft sicher neue Nachfrage, bei einer breiteren Masse von Investoren.

Sehe das sehr positiv.

Gruss

ThaiGuru

[ThaiGuru]

http://money.iwon.com/jsp/nw/nwdt_ge.jsp?section=news&news_i…

TEXT-S&P says gold market downturn could be over

Wednesday June 19, 11:35 AM EDT

(Press release provided by Standard & Poor`s)

NEW YORK, June 19 - "A gold price rally since Sept. 11 suggests that the metal`s bear market could be over, said Standard & Poor`s credit analyst Thomas Watters during a June 11 teleconference, "Global Sector Review: Metals & Mining Industry."

"Concerns about the Japanese banking system, the Argentine crisis, and heightened anxiety over the ongoing conflicts in the Middle East, including tensions between Pakistan and India, have reinvigorated gold`s long dormant flight to safety characteristics," added Mr. Watters. "Also, a recent slide in the U.S. dollar has made gold cheaper for non-U.S. buyers and should, in the absence of a global economic recession, provide support for weak fabrication demand." Moreover, investors disillusioned by the poor performance of global equity and financial markets are shifting investment focus into gold. Lastly, gold producer announcements of reductions to hedge books continue to drive price improvement.

However, Mr. Watters cautioned, "If political tensions ease and fabrication demand continues to remain sluggish, further price appreciation may be unrealistic." Given the current pricing environment, credit quality outlooks are decidedly stable for the eight gold companies rated by Standard & Poor`s.

Still, Mr. Watters views the medium- and long-term outlook for gold somewhat favorably, driven by improvement in supply and demand fundamentals-quite possibly a supply crunch. Ongoing consolidation, reduced forward selling, and unwinding of hedge books will serve to reduce the amount of mine supply delivered into the market. Furthermore, the cumulative effects of four to five years of low gold prices has led to capital deferrals and reductions in exploration spending, which will surely lead to a decline in production. As many global producers face declining reserve bases, a sustained gold price of approximately $330 per ounce will be needed to prompt producers to increase exploration and development spending because it takes five to seven years to get a gold mine up and running. Standard & Poor`s believes the industry will begin to see a decline in production after 2003, with significant acceleration after 2005 as output from mature mines in North America, South Africa, and Australia declines meaningfully.

"Nevertheless, concerns about central bank liquidation of their vast gold holdings totaling 31,000 metric tons continues to remain the wild card in all this," Mr. Watters said. It is currently unclear if central banks will renew their commitment to the 1999 Washington Agreement when it expires in 2004, he added.
(Falls diese Reserven überhaupt noch vorhanden sind? TG)


©2002 Reuters Limited.

[Tippgeber1]

Danke mickeym.

Bin auf morgen gespannt.

Gruß

TG

[ThaiGuru]

http://www.financialexpress.com/fe_full_story.php?content_id…

Thursday, June 20, 2002

Gold’s Safe-haven Rating Gets A Boost On Israel Move

Gold’s safe-haven rating was boosted on Wednesday by Israel’s vow to reoccupy Palestinian- ruled areas in the West Bank as jittery investors poured money into the metal and away from sinking stocks and the dollar.

Spot gold gained more than $3 from the previous European close to reach $321.75/322.25 an ounce. The latest gains put bullion back within sight of its highest point in more than 2-1/2 years and left the precious metal 15 per cent higher since the start of this year. It also helped strong gains in gold mining stocks, especially in South Africa where the Johannesburg stock exchange’s index of leading bullion miners shot up by more than five per cent. "Heightened tensions in the Middle East, further weakness in the greenback and a sharp fall in the Nikkei fuelled the overnight rally and gold looks set to test the top end of the recent $316-324 trading range," Standard Bank in London said.

Gold has earned itself the reputation as a "war commodity" this year as tensions from the Middle East and Afghanistan to Kashmir and fears of a repeat terror attack on the US mainland have fired investor interest.

Israel’s initial military thrust into the West Bank at the end of March sent the yellow metal through the psychologically important $300 an ounce mark. This set in motion a bull run which took the metal to $330.30 an ounce on June 4, its highest since October, 1999 when a pact between European central banks to cap their bullion reserve sales lifted the market from 20-year lows.

Israel said on Wednesday it would reoccupy Palestinian-ruled areas in the West Bank in response to any new Palestinian attacks, signalling a major policy change after a suicide bombing killed 19 people.

— Reuters

[ThaiGuru]

http://www.washingtonpost.com/wp-dyn/articles/A8143-2002Jun1…

O`Neill Warns of Debt Crisis
Ceiling Boost Stalled on Hill as Treasury Counts Down Days

By John M. Berry
Washington Post Staff Writer
Wednesday, June 19, 2002; Page E02


Treasury Secretary Paul H. O`Neill yesterday reiterated warnings that nine days from now the U.S. government will run out of money to pay its bills unless Congress increases the limit on how much the Treasury can borrow.

The national debt cannot exceed $5.95 trillion, and at the close of business Monday government borrowing stood a scant $25 million below that limit. Since mid-May, Treasury has avoided breaching the limit only by engaging "in a series of extraordinary account measures," O`Neill said.

The secretary`s statement apparently was issued in response to doubts by House Majority Leader Richard K. Armey (R-Tex.) that June 28 was actually a "drop-dead" date for action to raise the debt limit.

O`Neill said that on that date, "we will be required to credit an interest payment of approximately $67 billion to various federal trust funds, including Social Security. We are also scheduled to make $54 billion in payments in the first few days of July, including approximately $30 billion of payments to Social Security beneficiaries and other trust fund beneficiaries."

"It`s time to put politics aside and do the right thing for the country," O`Neill said.

Senate Majority Leader Thomas A. Daschle (D-S.D.) told reporters, "The government checks for Social Security, veterans and civil service retirement will bounce if the debt limit increase is not passed."

The Senate passed a bill last week raising the debt limit by $450 billion, but the House has shown no sign of following suit.

Because of the debt limit, Treasury was forced late Monday to cancel an announcement set for today giving details of its regular monthly auction of two-year notes that was to be be held next Wednesday. Even if the auction is not held next week, the Treasury has enough cash to continue government operations until the end of the month.

Financial analysts said there has been little impact on the huge market in Treasury securities -- other than the disruption caused by the postponement of the announcement. Normally, immediately after the announcement of an auction, investors buy and sell in what is known as the "when-issued" market even though the securities do not yet exist.

"There is a curiosity in the market about what is going to happen, but I think people are sort of jaded," said Robert V. DiClemente of Salomon Smith Barney in New York. "They find the activities bizarre. People are just waiting around for everyone to get through with their grandstanding."

The political concerns blocking House action are complicated, with divisions between Democrats and Republicans -- and more critically, within the narrow GOP majority. Meanwhile, the administration is pushing everyone to raise the limit by $750 billion, a goal that currently appears out of reach, according to members of both parties.

Many House Republicans want to avoid a vote on a stand-alone measure. Instead, House GOP leaders want to attach an increase of the same size, $450 billion, to the pending supplemental appropriations bill that would finance government anti-terrorism activities, in hopes that would make passage easier.

House Democrats would like to use the debate over a stand-alone bill to highlight rising federal budget deficits, which they argue are in large part due to the $1.35 trillion tax cut proposed by President Bush and enacted last year.

But the White House prefers a stand-alone bill because it wants to avoid giving a new lever to members who want to increase the size of the supplemental appropriations bill. Also, Daschle has said he will oppose passage of the supplemental bill if the debt limit provision is attached.

Armey acknowledged to reporters yesterday that he does not have enough Republican votes to pass a stand-alone bill. He also said House leaders would not agree to the Senate`s version of the supplemental appropriations bill, which calls for $3 billion more in spending than the pending House bill.


© 2002 The Washington Post Company

[ThaiGuru]

Jetzt ist er endlich da.

Der neue Hit Song

The Dow is Down!

Hier zum anhören:

http://www.twistedtunes.com/player/player.asp?ID=334&Speed=2

[Sozzi]

...da hab ich aber auch eins, hier zum reinhören...

http://www2.mp3.de/musik/preview.html?param=138661|83147|1|1…

[ThaiGuru]

The John Brimelow Report:

Indian ex duty premiums: AM ($2.32)) PM ($1.74), with world gold at $320.60 and $321.60. Well below legal import point (although the domestic Indian price is still around $14 above the world price: import duty is currently just less than $16). Reuters yesterday ran a story about the comatose state of Indian demand - the monsoon season is beginning - so it was interesting to see UBS Warburg today saying that "...good physical demand has been found against currencies at current levels." The Indians are not the only buyers! Gold`s resilience in there absence is unusual and quite impressive.

Gold found strong support as Asia opened this morning, clearing $321 during Japanese trading (+ $2.10 over NY) and eventually topping out around $322. Short covering by professionals and triggered stop losses were noted. The active Tocom contract rose 15 yen, with total volume equivalent to 19,983 Comex contracts. (v. 19,345 in NY yesterday) Open interest actually fell slightly (209 Comex), not surprising on such a sharply higher day. Tocom open interest has risen 11% since the beginning of June. Although the yen has not moved much against the dollar, it has weakened, of course, against other currencies. This seems to have brought in some accumulation by FX sensitive Tocom traders, lending useful support to world gold, as it did in the beginning of this year.

Mitsui`s technical consultant, Amanda Sells, has apparently published a piece saying that if gold breaks $326-328, the next technical stop may be $405. Another Mitsui analyst acidly comments that this view is "all you need to know about Comex motivation". Those suspicious of management in the gold market, watching gold lose momentum and turn down under steady selling pressure in NY today, would agree - albeit from a different standpoint.

JB

[ThaiGuru]

Ob das heute den deutschen Börsen gut bekommt?

Gruss

ThaiGuru



http://www2.swissinfo.org/sde/Swissinfo.html?siteSect=143&ei…

Schweizer Zeit 11:51, Donnerstag 20.06.2002

Über 18 000 deutsche Bauarbeiter auf 1200 Baustellen im Streik

FRANKFURT - Auf etwa 1200 deutschen Baustellen hat am Donnerstag Stillstand geherrscht: Am vierten Streiktag seien über 18 000 Bauarbeiter in den Ausstand getreten, teilte die IG BAU mit.
Nach Angaben der Gewerkschaft wurden die Streiks nun auf das gesamte Bundesgebiet ausgeweitet. Längst seien jedoch nicht alle streikbereiten Gewerkschaftsmitglieder einbezogen. Die Arbeitsniederlegungen hätten bereits dazu geführt, «dass es im Arbeitgeberlager endlich Bewegung zu geben scheint», sagte IG BAU-Streikleiter Dietmar Schäfers.
Die IG BAU fordert 4,5 Prozent mehr Lohn für die Beschäftigten. Die Arbeitgeber hatten zuletzt ab September 2002 drei Prozent und ab April 2003 nochmals 2,1 Prozent mehr Geld geboten. Die Gewerkschaften weisen darauf hin, dass dies real nur eine Lohnsteigerung um 1,75 Prozent bedeutet. Umstritten ist zudem die Lohnangleichung zwischen West und Ost.

20.06.2002 10:04, SDA-ATS

[ThaiGuru]

Wer weiss vielleicht gibt es dafür etwas weniger Falschmeldungen zum Goldgeschehen?

ThaiGuru




http://www2.swissinfo.org/sde/Swissinfo.html?siteSect=143&ei…

Schweizer Zeit 11:55, Donnerstag 20.06.2002

Reuters entlässt 650 weitere Angestellte

LONDON - Die britische Finanznachrichtengruppe Reuters entlässt 650 weitere Angestellte. Damit sollten die Gewinnmargen verbessert werden, teilte das Unternehmen an seinem Sitz in London mit.
Bereits zuvor hatte Reuters angekündigt, insgesamt 1800 Mitarbeiter entlassen zu wollen. Weltweit arbeiten für den Medienkonzern 20 000 Menschen.
Die Kündigungen träfen vor allem die oberen und mittleren Führungsetagen, teilte Reuters weiter mit. Damit sollten Hierarchieebenen abgebaut und die Entscheidungsfindung beschleunigt werden. «Der Markt bleibt schwierig», kommentierte der neue Generaldirektor der Reuters-Gruppe, Tom Glocer, die Entscheidung.

20.06.2002 09:28, SDA-ATS

[ThaiGuru]

http://asia.cnn.com/2002/BUSINESS/asia/06/20/aust.gold.biz.r…

SYDNEY, Australia (Reuters) -- Takeover target AurionGold said Thursday it had lifted its known reserves of gold by 25 percent to 7.7 million ounces after a review of its properties.

Toronto-based Placer Dome Inc is offering 17.5 of its shares for every 100 AurionGold shares, valuing AurionGold at Aust. $3.82 a share based on Placer`s latest New York closing price.

This is below AurionGold`s current share price, which rose three cents to close Thursday at A$4.20, capitalizing AurionGold at A$1.9 billion ($1.1 billion).

A spokeswoman for Placer said the increase had been factored into Placer`s bid price, which was launched on May 27.


Gold is at $321.40 an ounce after going as high as $331 earlier this month

Factored in

"We had already factored the increases into our bid and were expecting AurionGold to do it," the spokeswoman told Reuters

The review also increased the Australia-based miner`s resource tally to 25 million ounces, it said.

The increase in reserves, supported by exploration drilling and studies, was based on an assumed gold price of A$500 an ounce, AurionGold said.

Gold is currently priced at $321.40 an ounce, or A$565(Gold price outlook)http://www.cnn.com/2002/BUSINESS/asia/05/22/aust.gold.biz/in….

AurionGold has recommended its shareholders take no action until it releases its recommendation on the offer, expected on June 26.

A takeover, subject to acceptances of at least 50.1 percent of AurionGold`s shares, would create the world`s fifth largest gold mining firm, digging 3.8 million ounces a year.

Copyright 2002 Reuters

[ThaiGuru]

http://www.mbendi.co.za/a_sndmsg/news_view.asp?P=0&PG=11&I=3…

Gold Canyon Resources updates on developments at Cordero Gallium Property, Nevada

Gold Canyon Resources Inc. (TSX:GCU) (the "Company") is pleased to announce it has secured sufficient financing to allow it to proceed with the next phase of drilling on the Cordero gallium property in Nevada. All necessary permits have been issued by the Bureau of Land Management, and the Company intends to commence step-out and definition drilling in early July, 2002. The drilling program is the first portion of an overall drilling program designed to advance known mineralization at Cordero into a Reserve / Resource category. Developing this confidence level will permit the Company to move forward to Feasibility by the fourth quarter of 2002. Initially the Company will complete approximately 10,000 feet of Reverse Circulation drilling, with a subsequent program of roughly 20,000 feet planned to follow immediately if funding is in place.

For those unfamiliar with Gold Canyon, additional information can be found on the Company`s website: http://www.gcu-vse.com.

GOLD CANYON RESOURCES INC.

Michael Levinson, Chairman of the Board, President & Director Robert Carrington, Chief Executive Officer and Director

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.

[ThaiGuru]

http://www.mbendi.co.za/a_sndmsg/news_view.asp?P=0&PG=11&I=3…

AntOro Resources to acquire White Lake Gold Propery, Ontario

AntOro Resources Inc. announces the signature of an offer to acquire a 90% undivided interest in the White Lake property, in Hemlo, ON. This property holds a visible gold showing which sampled at 1188.26 g/t (or 38 oz/t) ("Ontario Ministry of Northern Development and Mines`-Map # 1214, published in 2000). Consisting in 12 contiguous claims, holding 67 land units covering 1072 hectares, it is located on the Eastern shore of White Lake and immediately to the North of Highway 17 between Marathon and Thunder Bay, ON. The property generally follows formations which strike at 290 to 295 degrees and dip 60 to 70 degrees northeast.

The Hemlo area has produced in excess of 12.5 million ounces of gold to date and still holds reserves in excess of 9.7 million ounces ("Ontario Ministry of Northern Development and Mines"). The Hemlo region hosts three of Canada`s richest gold mines. The White Lake property used to be owned by Royal Oak Mines and was the subject of previous exploration work which identified highly mineralized showings in the northern part of the property, and revealed a strong magnetic anomaly which has the characteristics of a Very Massive Sulphide formation.

In consideration for the acquisition of the 90% interest, AntOro must issue 900,000 common treasury shares to MJL Explorations Inc., a 1% NSR to MJL, half of which can be purchased against a payment in kind of $500,000, and a 10% non-participating interest in the property to Geotest Corporation Inc.

The acquisition is subject to the approval of the regulatory authorities. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

[ThaiGuru]

http://www.iii.co.uk/shares/?type=news&articleid=4389171&act…

Breaking news

(AFX-Focus) 2002-06-20 10:48 GMT: Celtic Resources secures 12 mln usd financing for Russian gold project

LONDON (AFX) - Celtic Resources Holdings PLC said Standard Bank London have committed to provide a 12 mln usd project loan facility to the 50 pct owned South Verkhoyansk Mining Co (SVMC) Nezhdaninskoye gold project in Yakutia in Russia.
The size of the loan is based on a Stage 1 operating plan produced by Celtic and its advisors that provides for a build up of production from the current capacity of 250,000 tonnes/year to 600,000 tonnes/year by 2004, Celtic said.

Gold production in 2003 is planned to be around 50,000 ounces and up to 150,000 ounces in 2004. Average cash costs from the study are 148 usd/ounce.

As well as the Standard Bank financing, an equipment supplier has provided Celtic with terms to provide five year lease finance for up to 3 mln usd to buy mining equipment.

bam

[ThaiGuru]

http://www.news24.com/News24/Finance/Markets/0,4186,2-8-21_1…

20/06/2002 11:12 - (SA)

Investec: Rising gold price self-fulfilling

Johannesburg - A rising gold price is self-fulfilling as central banks become less inclined to sell as they hold out for a higher price, Jeremy Gardiner, director at Investec Asset Management, said on Thursday.

Looking at trends in the bullion price, which has become extremely volatile, Gardiner pointed out that the price on June 1, 2002 had been exactly where it had been on June 1, 1982.

"The gold price is certainly not at an all-time high," he said.

A significant contribution to recent strength included an over-priced dollar, fuelling concerns of a significant fall in the world`s leading currency.

"During the late nineties, America attracted more than their fair share of global capital flows as a result of their rampant economy and stock market bull market.

"However, times have changed, and with the outlook for US equity markets boring at best, capital is leaving the US at approximately US$1 billion per day."

[ThaiGuru]

http://www2.swissinfo.org/sde/Swissinfo.html?siteSect=143&ei…


Schweizer Zeit 13:10, Donnerstag 20.06.2002

USA drohen mit Aufgabe von UNO-Friedenseinsätzen

NEW YORK - Die USA haben im UNO-Sicherheitsrat damit gedroht, künftig nicht mehr an UNO-Friedenseinsätzen teilzunehmen. Dies, falls ihre Soldaten der Rechtsprechung des neuen Internationalen Strafgerichtshofs unterliegen würden.

UNO-Botschafter Richard Williamson sagte in New York nach einer nicht-öffentlichen Sitzung des Sicherheitsrates: «Wir werden amerikanische Männer und Frauen nicht in die Reichweite des Internationalen Strafgerichtshofs bringen, während sie an einem UNO-Friedenseinsatz beteiligt sind.»
Diese Frage müsse geklärt werden, bevor die USA einer Resolution über die Verlängerung des UNO-Bosnien-Einsatzes zustimmen könnten. Diesem Kontingent gehören 46 US-Polizisten an. Die Entscheidung über eine Mandatsverlängerung sollte eigentlich noch diese Woche fallen.
Die USA haben eine Resolution eingebracht, die US-Einsatzkräfte von der Verfolgung durch den Internationalen Strafgerichtshof ausnimmt. Von den 15 Mitgliedern des UNO-Sicherheitsrates haben 6, darunter Frankreich, Grossbritannien und Irland, den Vertrag zur Bildung eines Ständigen Internationalen Strafgerichts ratifiziert.
Während US-Präsident Bill Clinton das Vertragswerk in einer seiner letzten Amtshandlungen noch unterzeichnet hatte, lehnt sein Nachfolger George W. Bush den Gerichtshof ab, weil dieser US-Soldaten angeblich zum Gegenstand politisch motivierter Verfolgung machen könnte.
Der neue Gerichtshof, der erst im kommenden Jahr seine Arbeit aufnehmen dürfte, wird in Den Haag seinen Sitz haben. Das Gericht soll über Personen richten, denen Kriegsverbrechen, Massenmorde oder andere Verbrechen gegen die Menschlichkeit vorgeworfen werden.

20.06.2002 13:02, SDA-ATS

[ThaiGuru]

http://www2.swissinfo.org/sde/Swissinfo.html?siteSect=143&ei…

Schweizer Zeit 13:14, Donnerstag 20.06.2002

Israel weitet Militäroperationen aus

RAMALLAH - Die israelische Armee ist mit Panzern in die autonome Stadt Tulkarem im Westjordanland eingerückt. Damit reagierte Israel auf den Selbstmordanschlag vom Mittwoch in Jerusalem, bei dem sieben Israelis ums Leben kamen.
Zuvor hatten israelische Armee-Einheiten bereits Bethlehem sowie drei Dörfer bei Ramallah besetzt. Auch die Autonomiestädte Dschenin und Kalkilia blieben weiter unter israelischer Kontrolle.
Verteidigungsminister Benjamin Ben-Elieser sagte im israelischen Radio, die Armee werde solange in den palästinensischen Gebieten bleiben, bis die Infrastruktur des Terrors zerschlagen sei. Er lehnte aber zugleich eine dauerhafte Wiederbesetzung ab.
Im palästinensischen Radio wurde seit den frühen Morgenstunden zu jeder vollen Stunde eine Erklärung des palästinensischen Präsidenten Jassir Arafat verlesen. Darin rief Arafat zum sofortigen Ende der Selbstmordanschläge auf.
Israel will Kalkilia mit dem geplanten Sperrzaun um das Westjordanland von den restlichen Autonomiegebieten abschneiden. Die Stadt solle zu einer Enklave werden, die nur noch durch eine einzige Strasse mit dem restlichen Westjordanland verbunden sei.

20.06.2002 12:41, SDA-ATS

[ThaiGuru]

http://www.cnet.com/investor/news/newsitem/0-9900-1028-20066…

COMEX gold ends up as dollar woes continue

6/20/02 12:50 PM
Source: Reuters

NEW YORK, June 20 (Reuters) - Investors rumbled back into gold on Thursday, concerned about national security and news of a record U.S. trade deficit in April, which caused a stampede from the already shaky dollar.

Imports exceeded exports by $35.94 billion in April, worse than the gap of $32.48 billion expected by financial markets.


The dollar fell to a two-year low at $0.9648 per euro after the news, as a bleak net export scenario threatened the fragile economic recovery. A weak dollar makes bullion more attractive to overseas investors looking for safe havens.

"Clearly, the market is revaluing the risk of holding USD and is concluding it is more comfortable holding gold," Gregory Weldon, a consulting analyst for Prudential Securities, wrote in his daily metals commentary.

COMEX August gold ended up $3.40 at $323.70 an ounce, trading $321.10-$325.40. Estimated volume was a busy 46,000 contracts.

"Everything is just pointing toward non-recovery. Things aren`t working well and bearishness for the dollar here was, of course, bullish for us," said a floor broker. "The technical level we broke, $322.50, is giving us some support."

Spot gold was quoted at $323.10/3.60, up from $319.60/0.10 at Wednesday`s New York close and London`s late fix Thursday at $322.35.

Global markets were rattled overnight after the White House was briefly evacuated late Wednesday when a small airplane strayed into restricted airspace. The scare underlined security fears that have plagued share prices since Sept 11.

News Thursday that a British banker was killed in an explosion in Saudi Arabia added to the market discomfort, as did Israel`s move to reoccupy West Bank towns after two deadly Palestinian suicide bombings this week.

The Dow Jones industrial stock average was down 123 points Thursday afternoon, following Wednesday`s 144-point pummeling. The XAU Gold and Silver Mining Equity Index was up 2.32 percent, with gold shares the best performers of the day.

Gold is focused on contract and 2-1/2-year spot highs hit two weeks ago above $330 an ounce, although gains have been slowed because so many players are already long.

"It`s just the ongoing scenario around the world -- the Middle East, and the dollar, and the stock market, and so on," said Ian MacDonald, bullion trading manager at Commerzbank. "Gold doesn`t seem to want to go down."

COMEX July silver rose 2.8 cents to $4.87 an ounce, trading narrowly from $4.845 to $4.88. Estimated volume was 17,000 lots. Spot silver closed at $4.86/88, up from $4.83/85 late Wednesday. It fixed at $4.86.

NYMEX July platinum slipped 40 cents to $569.10 an ounce, digesting Wednesday`s move to a contract high at $572.

Spot platinum closed at $562/567.

September palladium eased $1.35 to $332.65 an ounce, nearing Tuesday`s contract low around $330. Spot palladium was last quoted at $328/338.

Copyright 2002, Reuters News Service

[ThaiGuru]

http://www2.swissinfo.org/sde/Swissinfo.html?siteSect=143&ei…

Schweizer Zeit 22:00, Donnerstag 20.06.2002

Mindestens 400 000 Menschen demonstrieren in Barcelona

BARCELONA - Im Rahmen des Generalstreiks in Spanien haben in Barcelona mehr als 400 000 Menschen gegen den befürchteten Wegfall von Arbeitslosenhilfen demonstriert.
Nach Polizeiangaben zogen am frühen Abend 400 000 Menschen friedlich durch die Strassen der katalanischen Metropole.

Die Gewerkschaften gaben die Zahl der Kundgebungsteilnehmer mit 500 000 an.

Zu der Grossdemonstration hatten der sozialistische Gewerkschaftsbund UGT und die kommunistisch ausgerichtete Gewerkschaft CCOO sowie mehrere linksgerichtete Parteien aufgerufen. Der Generalstreik am Tag vor dem EU-Gipfel in Sevilla legte am Donnerstag das ganze Land lahm.

20.06.2002 21:30, SDA-ATS

[ThaiGuru]

http://www2.swissinfo.org/sde/Swissinfo.html?siteSect=143&ei…

Schweizer Zeit 21:41, Donnerstag 20.06.2002

Vier Tote bei Luftangriff von USA und Grossbritannien auf Irak

BAGDAD - Bei einem Luftangriff von britischen und US-Kampfflugzeugen in Irak sind nach Angaben aus Bagdad vier Menschen getötet worden. Zehn weitere seien verletzt worden, teilte ein Militärsprecher mit.
Nach Angaben des US-Verteidigungsministeriums bombardierten Flugzeuge der USA und Grossbritanniens im Süden Iraks eine militärische Kommando- und Kontrollzentrale, von der aus Angriffe gegen Flugzeuge der alliierten Streitkräfte gesteuert wurden.
Laut Pentagon wurden die Flugzeuge mit irakischem Artilleriefeuer beschossen, als sie über der Flugverbotszone patrouillierten. Die Kommandozentrale befinde sich 265 Kilometer südöstlich der Hauptstadt Bagdad.
Britische und US-Maschinen fliegen regelmässig Patrouillen in der seit dem Golfkrieg verhängten Flugverbotszone über Irak. Dabei kommt es immer wieder zu Zwischenfällen mit der irakischen Armee, die die Flugverbotszone nicht anerkennt.

20.06.2002 19:14, SDA-ATS

[svc]

Thanks TG, you are doing a great job!!! svc

[GebrderHunt]

Bauarbeitgeber: „Der Streik ist ein Irrsinn“


Von Bert Losse, WirtschaftsWoche


Arbeitgeber-Verhandlungsführer Thomas Bauer über den Tarifkonflikt in der Baubranche.


DÜSSELDORF. Herr Bauer, erstmals in der Nachkriegsgeschichte gibt es bundesweit Streiks auf deutschen Baustellen. Welche Konsequenzen hätte ein länger anhaltender Arbeitskampf?

Er würde der Talfahrt der Baubranche einen weiteren Schub geben. Nach sieben Jahren Rezession hatten wir gehofft, dass 2002 etwas besser wird. Die Zahlen für das erste Quartal sind aber niederschmetternd: Die Umsätze fielen um 10,6 Prozent, die Zahl der Beschäftigten ist in den ersten drei Monaten um 100 000 gegenüber dem Vorjahr zurückgegangen. Unsere Prognosen gingen von 40 000 Jobs aus – für das Gesamtjahr. Wer in einer solch katastophalen Lage zu Streiks aufruft, handelt unverantwortlich. Das müsste die Gewerkschaft eigentlich wissen, ihre Vertreter sitzen schließlich in vielen Aufsichtsräten großer Baufirmen.

Die IG Bau hat einen Organisationsgrad von nur rund 30 Prozent. Kann sie den Firmen nicht allenfalls Nadelstiche verpassen?

Nein. Die IG Bau will ja gezielt auf Baustellen streiken, wo hoher Termindruck herrscht. Für die Unternehmer ist dies fatal, denn wenn Bauprojekte nicht rechtzeitig fertig werden, drohen hohe Konventionalstrafen. Im Einzelfall können die Auftraggeber sogar Schadensersatzansprüche geltend machen. Wenn etwa ein Kaufhaus vor dem Weihnachtsgeschäft fertig werden soll und das klappt nicht wegen des Streiks, kann dies für das Bauunternehmen richtig teuer werden, sofern es sich nicht im Vertrag eine mögliche Terminverlängerung hat zusichern lassen. Konventionalstrafe und Schadensersatzzahlungen können einen Betrieb in die Pleite treiben.

Die IG Bau verweist darauf, dass die Abschlüsse in den vergangenen Jahren moderat waren. Kann sich der Bau von der Einkommensentwicklung anderer Branchen abkoppeln?

Was heißt hier abkoppeln? Die Gewerkschaft

[GebrderHunt]

Das am Bau ist wieder ein großes Stück des Unterganges. Es wird nicht mehr lange dauern, bis es alle begreifen. Wir stehen weltweit vor dem Aus!

[ThaiGuru]

@svc

Es ist mir eine Ehre.

Etwas Gold wäre mir zwar lieber, doch Du kennst den Ausspruch sicher auch, "Geld ist nicht das wichtigste im Leben".

Gruss

ThaiGuru

[tamara93]

Hallo TG,

Ehre, wem Ehre gebührt, auch vom mir Danke für Deine Infos.

Da Du ja bestimmt ausreichend in Gold investiert bist hast Du also beides,

was willst Du mehr.

[svc]

hey tg, das gold ist so tief im garten vergraben - und das nach zwei flaschen schönem 95ziger navarra - ich kann es nicht mehr finden. also sorry, ich würde die gerne eine priese - aber du hast bestimmt selber genug.

das ist auch die richtige überleitung zum `gebährenden hund`
, oder die `gebrüder hunt`?

nich mal alles so düster sehen. wenn man damit rechnet, es geht down kann man ja sich schon mal gedanken machen, was man so alles dann anfangen kann.
Die gewinne aus gold investieren und eine schöne kleine insel in der nähe von fiji kaufen? ist doch nett. Das boot für die reise kannst du doch jetzt schon bauen und mit eur bezahlen. du bist dann wenn alle anderen es erkennen das es ganz dunkel wird in einer unglaublich guten situation.

ernsthaft: wer denkt das es noch schlimmer als jetzt kommen kann, sollte einfach mal überlegen - und konsequenzen ziehen.
wer denkt wir sind im tal und es geht up, der sollte sich am nm eindecken. und zwar mächtig!

ich denke z.zt. eher über den bootbau nach. ob die mautmänner am suezkanal rand annehmen? ;-)

beste grüsse svc

[ThaiGuru]

RBC Global Investment Management Inc., die der Royal Bank of Canada gehört, und einen der weltweit best rentierenden Gold Mutualfund verwaltet, hat an seine privaten Kunden folgendes Schreiben zugesandt.

Der Inhalt dieses Schreibens, wird hoffentlich bald in allen Zeitungen dieser Welt stehen, und auch die Millionen von Investoren erreichen, die noch nicht so gut informiert sind über das Goldgeschehen, wie die Leser dieses Threades.

Leider ist dieses Schreiben in englisher Sprache abgefasst, wird aber bald auch in deutscher Sprache veröffentlicht werden, nicht wahr ihr mitlesenden Herren Zeitungsredakteure und Anlageberater?

Gruss

ThaiGuru

***

RBC GLOBAL INVESTMENT MANAGEMENT INC.


Report on Gold

Clearly, with gold stocks on a tear as the gold
price moves laboriously forward battling the
fervent attempts to suppress it, one must be
comfortable with the notion that the gold price
is going to overcome the forces that are aligned
against it. What is happening today is no different
than what was happening in the late `60s and the
very early `70s, when the Gold Pool was in
existence and the gold price was contained at
$35 per oz. by a consortium of central banks
that dumped a considerable amount of gold to
keep prices down. Today, instead of the overt
action of yesteryear, it is covert because the
market is allegedly free, and it has entailed a
different mechanism, which has resulted in a
humongous physical short position. In addition,
there has been an enormous amount of
derivatives piled on top, which could make the
ultimate upside explosion all the more spectacular.

So the question obviously is: "Will the gold rally
ever begin?" The following arguments emphatically
suggest that it will more than rally; it will explode to
the upside.

1.Unsustainable Supply/Demand Imbalance

Mine production has flattened out at 2,600 tonnes and
is beginning to fall due to a lack of exploration, falling
grade at many mines due to previous high-grading,
and the closing of older mines as they run out of ore.
It has been estimated by Beacon & Associates in an
exhaustive study that if gold prices were to remain
under $300/oz., production will fall in the neighborhood
of 25% over the next 5 to 7 years. Scrap supply tends
to average about 600 tonnes annually. Demand is
currently estimated to be roughly 4800 tons (primarily
jewelry) without any investment demand from the
Western world. The present deficit has been met by
direct central bank sales (roughly 400 tonnes per
year) and central bank leasing for mining hedges
and financial speculation.

2) Unsustainable Short Position

Central banks have ostensibly lent increasing
amounts of gold to earn interest on their reserves.
However, when one lends at an rate (less than 1%
generally), the question arises as to whether there
may be another motivation. As a rising gold price
stands as a direct repudiation of their alleged
responsible monetary policy, perhaps this is the
real reason they have been so aggressive in this
area. Bullion banks have borrowed gold from the
central banks for their own accounts and those of
various speculators, such as hedge funds and
financial institutions (the carry trade) and for
producers (mine hedging) and have used
derivatives to limit their risks and generate
additional income. The loaned gold has been
sold into the physical market and is now in jewelry,
primarily in the Middle East, India, and other parts
of the Far East. The size of the short position,
officially acknowledged to be more than 5,000
tonness by the bullion bank apologists, is thought
to be well over 10,000 tonnes and may exceed
15,000 tonnes. To put this in context, this constitutes
between one-third and one-half of all central bank
gold, and the vast majority of it is no longer
accessible.

3) Unsustainable Low Inflation

The gold price has a tendency to rise at the first
whiff of accelerating inflation. CPI inflation has been
unrealistically low due to the very strong dollar, which
has underwritten vicious foreign competition and
removed pricing power in many sectors. However,
in the final analysis, inflation is a monetary phenomenon
and the aggressive interest rate cuts and monetary
expansion to avoid recession/deflation is expected to
result in re-inflation. Year-to-date, the liquidity injection
is more than $1 trillion and MZM has grown by 16.5%
in the past year. To avoid debt default, the Fed must
err on the side of ease, virtually ensuring upside
pressure on the CPI. In addition, the "war on terror"
superimposed on Bush`s mammoth tax cuts and a
four-year government real rate of spending increases
that is the greatest since the `60s portends large U.S.
government deficits, yet another recipe for inflation.

4) Unsustainable U.S. Dollar

The U.S. dollar has been levitating for a long time,
but the underlying fundamentals continue to erode.
The U.S. current account deficit exceeds $400 billion
annually, and the continuation of this chronic deficit
turned the U.S. into the world`s largest debtor as
most of these deficits are being recycled into U.S.
debt instruments. However, foreign appetite for U.S.
securities appears to be ebbing and the chart on
the U.S. dollar looks very toppy . Gold is already in
a bull market in U.S. dollars, and an established bull
market in every other currency. If the reserve currency,
the U.S. dollar, falters, gold could well be launched
on the upside as people recognize its status as the
only "true currency."

5) Unsustainable Prices for Financial Assets

Western world investment demand will be the true
fundamental that drives gold much higher. Gold tends
to be counter-cyclical and investors buy it when financial
assets begin to lose credibility. Ownership and pricing
(P/E) of financial assets are at historic highs and if
inflation accelerates, the U.S. stock market is extremely
vulnerable. The ratio of the S & P 500 Index to the price
of gold reached an all-time high, by a considerable
margin, in 2000, but this parabola have been broken
and a downward trend is in effect. At the margin, if a
small amount of money is moved from financial assets
into gold, the price effect on gold will be dramatic and
the ratio will continue to move in gold`s favor.

6) Increasing Evidence of Unsustainable Gold
Price Manipulation

a. Aggressive gold lending, which from an economic
perspective is indefensible, has filled the
supply/demand gap.

b. NY Fed gold has been mobilized when the gold price
is rising.

c. Timing of Exchange Stabilization Fund gains/losses
corresponds to gold price movements.

d. Audited reports of U.S. gold reserves show unexplained
variances.

e. Minutes of Fed meetings confirm officially denied gold
swaps.

f. Rules on gold swaps revised but subsequently denied.
However, individual central banks have repudiated the
denial.

g. U.S. gold reserves have recently been re-designated
twice, initially to "custodial gold" and latterly to "deep
storage gold."

h. Statistical analysis of unusual gold price movements
since 1994 indicate high probability of price suppression.
The invalidation since 1995 of Gibson`s Paradox -- that
gold prices rise when real interest rates fall -- suggests that
the real manipulation began then.

i. NY gold price movements versus London trading defy
odds.

j. Timing of huge increases in bullion bank gold derivatives
is consistent with gold price declines.

k. Rapid decline in U.S. Treasury holdings of gold-backed
SDR certificates is not explained.

One or two of these factors could be viewed as random, but
the full body of evidence is overwhelming.

It would appear that gold is beginning to be viewed as
money again. Gold is the only monetary asset that doesn`t
represent somebody else`s liability, and with U.S. real
short-term interest rates now in negative territory, there is
no disadvantage in holding gold. Those with a vested
interest in containing the price of gold -- central banks,
bullion banks, heavily hedged gold companies -- will not
die easily, but the tide is moving strongly against them
and the embedded short positions could catapult the
gold price higher while imperiling the future of those
holding the short positions.

The great rallying cry of the bears is the mobilization of
even more central bank gold to the tide. Recently, Ernst
Welteke of the Bundesbank has spoken publicly of the
Germans selling gold after the initial Washington
Agreement limiting European central bank gold sales to
400 tonnes per year expires in late 2004 with the intention
of redeploying into stocks and bonds. Formerly,
commentary and action of this sort by central banks (the
announcement of Swiss sales, the initiation of English gold
auctions, etc.) devastated the gold market but this elicited
little more than a yawn. An astute gold analyst in South
Africa postulated the reason why, perhaps. There are
strong rumors that Deutschebank has borrowed an
enormous amount of gold (more than $10 billion worth)
from the Bundesbank over the years to facilitate the
carry trade, producer hedging, etc. and it is becoming
apparent that there is no way they will be able to pay it
back. Perhaps, to make good on their gold loans, they
will reimburse the Bundesbank with stocks and bonds
and Mr. Welteke is readying the German public for
with his statements.

In addition, there are enormous dollar reserves building
up in the Far East, particularly in China, and the Far East has
acknowledged being significant buyers of gold. So the flow
of central bank gold is not only one-way. Even the Russian
Central Bank is on the buy side. The shibboleth of central
bank sales will undoubtedly be trotted out again, but it is
losing its sting, particularly if the possibility that as much
as half of all the central bank gold may already be in the
market starts to become more widely recognized.

In addition, in the `70s, when gold was rising sharply in
price, central banks, after having been heavy sellers at
$35/oz., sold little or none at higher prices. Central bankers
are no different than the momentum players; if the price is
rising, they are more likely to be buyers than sellers.

One last observation concerns the gold share price action
prior to the explosion of gold prices in the `70s. Then, as
now, gold stocks rose to prices that made no sense to
observers who had a static view on gold prices, but the
stock buyers knew that sharply higher gold prices were
inevitable. I suspect that is the case today, particularly
when one examines the foregoing evidence.

7) Gold Stocks

Gold stocks are perceived by many to expensive, but, in
fact, they are considerably cheaper than they were in the
late `90s. The central banks` overt attempts to bring the
gold price down (Swiss sales, British auctions, etc.) at
that time removed the premium in gold shares and it is
now gradually being restored as confidence returns to
the sector. In fact, if the gold prices were to rise sharply,
I would not be surprised if the price to NAV continued to
rise due to a shortage of viable gold stocks.

[ThaiGuru]

@GebrüderHunt

Genau so ist es, doch bin ich mir ganz sicher, dass leider sehr viele Investoren, immer noch an die da "oben" glauben, die es schon wieder richten werden, und auf den nächsten Aufschwung an den Weltbörsen warten.

Gruss

ThaiGuru

[niemandweiss]

@ThaiGuru

was ist, wenn "alles" den Bach heruntergeht? Wie lange wird Gold davon provitieren können? Wie würde so ein Szenario weitergehen? Ähnlich wie 1979/1980?

niemandweiss (langsam mag ich den namen nicht mehr)

[ThaiGuru]

@tamara93

Ja ich bin in Gold und Silber investiert, physisch und in Aktien. Die ganze Zeit habe ich Rückschläge in den Preisen zum Nachkaufen benutzt.

Seit ich hier im Board poste, geht es, von kleinen Unterbrüchen einmal abgesehen, stetig aufwärts.
Es wird aber noch bedeutend höher gehen, sobald das Gold/Silber Cabal sich geschlagen geben "muss".

Die letzte "Korrektur" mit dem Einbruch vieler Minen Aktien, habe ich auch zum nachkaufen benutzt. Diese Korrektur wird aber vermutlich bald wieder aufgeholt sein, und es bleibt nicht mehr viel Zeit. In wenigen Wochen?/Monaten sehen wir wieder neue Höchststände bei den allermeisten Gold und Silber Aktien.

Und dabei werde ich sicherlich nicht zu kurz kommen, und ich hoffe Du selber auch nicht.

Gruss

ThaiGuru

[ThaiGuru]

@niemandweiss

Etwas zu Deinem Namen

Ich finde ihn sehr gut, genauso gut wie Namen wie Pissniete, Anglo, Tippgeber, Sep, Rigel, Ribaldcorello, ThaiGuru, oder was auch immer.

Namen sind nicht wichtig, sondern die Inhalte und Aussagen der Postings, sollte der Maasstab sein, an dem gemessen werden sollte.

Zur Zeit tummeln sich leider einige alte User unter neuen Namen im Gold Board, die sich eigentlich schämen sollten, dass sie nicht Manns genug sind, unter ihrer alten User Identität im Board aufzutreten, da sie wohl befürchten für ihre früheren falschen Aussagen, und Prognosen zum Goldpreisgeschehen, von den Lesern nicht mehr ernst genommen würden.

Das sehe ich bei Deinem User Namen aber überhaupt nicht als gegeben.

Mach bitte weiter unter Deinem "niemandweiss" Pseudonym, und informiere die Leser weiter über Deine Sicht der Gold Dinge.

Gruss

ThaiGuru

[niemandweiss]

@ThaiGuru

danke für deinen Zuspruch, aber der Name "niemandweiss" ist zwar ehrlich gemeint, wird aber zu oft zur Angriffsfläche als solches.

Ging meine Frage nach dem "was ist, wenn Szenario" zu weit aus #1039??

[ThaiGuru]

@niemandweiss

Nein überhaupt nicht, Anwort kommt morgen.

Gruss

ThaiGuru

[ThaiGuru]

The John Brimelow Report:

Indian ex duty premiums: AM (63c) PM ($1.09), with world gold at $320.50 and $321. Still well below legal import point, although sharply higher than yesterday.
(The Indian domestic gold price, of course, is well above the world price, by some $15, but duty is almost $16 an oz.)

Once again, gold moved up in Asian hours, with currency fluctuations providing some motivation. “ ...we saw heavy buying in spot gold and TOCOM as well”
Reuters quotes a source as saying, “..then we saw heavy selling again.”. In the end Tokyo shed the equivalent of 102 Comex contracts on volume of 17, 654 Comex equivalent. (Volume in NY yesterday was estimated at 21,000.) The Japanese authorities are indicating that gold imports in May were only a disappointing 3.27 tonnes, which is back to pre scare levels. However, the 11% build up in Tocom open interest in June and the behaviour of the Japanese trading public in the last few days suggests that any yen weakness, even if mainly against 3rd currencies, will provoke a revival of buying.

Dollar making multi month new lows against other major currencies, Trade Deficit ballooning, Equities ominously soft, the Middle East flaring… and gold twitches. Remaining conspicuous are notable bouts of selling at key moments – just before the NY opening, yesterday’s close - and sudden surges of activity when a rally attempt is tried – as in 11,500 contracts trading between 10 am and 11am (half yesterday’s volume!) as gold tried to clear $324. But the unaccustomed resilience in gold suggests times are changing. The text of the Mitsui technical comment which, as mentioned yesterday, supplies a good reason for macro bears to worry:

“• Critical “neckline” resistance is centred on 328-330
• A clear and confirmed break with resistance reversing to form new support would target 405”

JB

[ThaiGuru]

The obvious reason behind such a blatant rule-change is to spread speculators more thinly across the strike prices, in order to reduce liquidity and reduce the cost to the price manipulators.

Marcia


Press Release

EXCHANGE TO CHANGE STRIKE PRICE INCREMENTS IN FIRST SIX NEARBY TRADING MONTHS OF SILVER OPTIONS


FOR IMMEDIATE RELEASE
Contact: Nachamah Jacobovits
[phone]
Ari Gourometsios
[phone]

EXCHANGE TO CHANGE STRIKE PRICE INCREMENTS IN FIRST SIX NEARBY TRADING MONTHS OF SILVER OPTIONS

NEW YORK, NY, May 16, 2002 - The New York Mercantile Exchange, Inc., will change the strike price increments for the first six listed months of its silver options contract beginning Monday, May 20, 2002.

Strike price increments $0.10 apart will be added to the current $0.25 strike price increments for strike prices $8 or less; strike price increments will be $0.25 apart instead of $0.50 for strike prices that are more than $8 and up to $15; and will be $0.50 apart instead of $1.00 for strike prices over $15.….

www.lemetropolecafe.com

[ThaiGuru]

Sehr lesenswert dieser Artikel von Alf Field

Gruss

ThaiGuru

THE COMING US DOLLAR IMPLOSION

When dealing with real estate investments, the rule is location, location, location. With regard to investments in general, the rule should be TIMING, TIMING, TIMING.


The reasons are self-evident. If one is too early or too late, the results are disastrous. There are, however, “points of recognition” in any market move which, if acted upon, remove a great deal of the risk and vastly improve the timing and profitability of one’s investment activities.


There is a high probability that an implosion is coming in the US dollar, but before detailing the reasons why this should be so, let me give the likely “points of recognition”. These benchmarks, when exceeded, will result in a change in the perception of the majority of investors to the point where they realise that the trend has changed. For the US dollar these “points of recognition” are a rise by the Euro to above US96c and a fall by the US dollar index to a level below 108. These points are derived from technical analysis and will be confirmed by most technical analysts.


It is unlikely that you will be reading this article if the US dollar has not already exceeded the “points of recognition” of US96c for the Euro and the 108 level for the US dollar index. I do not expect to hit the “Send Messages” button and publish this article until those “points of recognition” have been surpassed.


Why is there going to be an implosion in the US dollar? For the past 31 years, since the USA closed the “gold window” and the world embarked upon a worldwide experiment in fiat currencies (money created by Government decree), the world has existed on a US dollar standard. Every prior experiment with fiat currencies throughout history has ended in disaster because Governments could not resist creating ever-increasing quantities of their fiat currencies, to the point where citizens lost confidence in those currencies.


In this, the world’s first ever experiment in worldwide fiat currencies, the US Dollar has been the lynch-pin. It has been the currency that other countries have been prepared to accept as a “standard”, as a store of value. The result of this universal acceptance is that the USA has been exempt from the disciplines that are automatically imposed upon other countries.


If country “X” runs a trade deficit, it has to somehow achieve a capital inflow to counter balance the trade deficit outflow. It generally does this by a combination of currency depreciation (which gradually assists in eliminating the trade deficit), higher interest rates or foreign borrowings. In the case of Argentina, they linked their currency to the US dollar. When Argentina started running trade deficits, instead of depreciating their currency, they opted for retaining the dollar link and resorting to foreign borrowings to cover their trade deficit - until they got to the point where foreigner lenders said “No more”. Now their currency has been forced to depreciate by 66% in a few months and they are still trying to deal with the necessary social and banking adjustments.


The only country exempt from this discipline is the USA because foreigners have been satisfied to accept US dollars when they have trade surpluses with the USA. Thus the USA has been able to run a trade deficit for years and pay for it in US dollars. It doesn’t take a rocket scientist to figure out that this trend is unsustainable. At some point foreigners will either lose confidence in the US dollar or be unhappy to purchase US assets with the surplus US dollars that they accumulate or, worse still, both. At this point there will be an implosion in the US dollar, the mechanics of which are explained later.


Which brings us to the inevitable point of TIMING. This situation of a possible dollar implosion has existed for years. Why should it have relevance NOW?


There are a number of reasons, probably the least of them being the ongoing US trade deficit that is running at US$32 billion per month or over US$1.0 billion per day. It means that each day there is US$1.0 billion that requires someone to make a decision upon. Do they want to hold US dollars and US dollar assets? The two are inseparable. Someone holding US dollars is obliged to make an investment in US assets.


So the question really is: how good are investments in the USA at this time? This is where foreigners strike some real problems. Equities on the US stock market are at historically high PE ratios, some 3 times above the norm and twice the level of PE ratios on foreign stock markets. Then there is the problem of accounting for profits. Are the already high PE ratios realistic? Should they not perhaps be even higher when proper accounting systems are applied?


These ultra-high PE ratios can only be cured by either: (i) a very sharp rise in corporate profits; or (ii) sharply lower share prices, or (iii) a combination of these two options. Whichever way one looks at the problem, US equities do not look enticing.


Interest rates in the USA are near all time lows. The next sustained move in interest rates will almost certainly be upward, which will be seriously bad news for the bond market. Real estate is very frothy and looks as if it could be at a peak. Can one really risk an investment in US real estate, especially with a rise in interest rates in prospect? Even US bank deposits yielding less than 2% are unexciting.


This is why the “points of recognition” on the US dollar become so important. Once these points are exceeded, most people will be convinced that the US dollar is in a down trend. This is when foreigners will have to seriously consider what to do with their US dollar based investments.


Foreigners will firstly consider how far the dollar will depreciate against their home currency over the next 12 months. Could it be a 10%, 20%, 30% or 40% drop? All of these levels are possible. Assume that a foreign investor thinks that the US dollar will decline 20% against his home currency, then the question is: “Can USA assets rise by 20% to compensate for the currency loss and leave the investor in a level, no win, no loss situation?” The answer seems to be a clear “No”.


In these circumstances, it is logical and reasonable to anticipate that the foreign investor will conclude that the sensible option is to liquidate the US investments and repatriate the funds into local currency assets or assets in another currency which is firming against the US dollar.


The nightmare begins. Foreigners own over $8.2 trillion of assets in the USA. If foreigners holding just 20% of this total decide to liquidate and take the money home, that means some $1,640 billion of US assets will be sold and the proceeds transferred into foreign currencies. Add to this the annual trade deficit of $360 billion that also has to be financed and the imbalance in financial and foreign exchange markets becomes obvious. A small matter of $2.0 trillion trying to escape the US dollar!


The nightmare gets worse. If it is reasonable and logical for foreigners to sell their over-valued US assets and send the money somewhere else, then surely it must make equally good sense for American investors to do likewise? And American investors own a much bigger slug of US assets than foreigners do. It requires only a small fraction of US investors to decide to move off-shore and their funds will far exceed the amount that foreigners try to move.


And it is not over yet. There are many extremely intelligent hedge fund managers who are desperately looking for a good deal to reward their investors. Borrowing US dollars and investing in foreign assets must be the next big “play”. Some of them will even figure that the big winner in this whole situation will be gold as it is the ultimate money, the “final store of value”. Most other currencies are suspect because they are all worthless paper.


In these circumstances a dollar implosion is a very high probability event. It is a question of “WHEN” not a question of “IF”. This is why the two levels that I mentioned – the Euro at above US$96.0c and the US Dollar Index below 108.0 are so important. Electing these levels will signal that the US dollar trend has turned firmly down. You will only be reading this article if those levels have already been exceeded.


Once the dollar has surpassed these two “points of recognition”, the “WHEN” will have become “NOW”.


One only needs to look at the Japanese Yen for confirmation. The Japanese are printing the Yen into oblivion in order to keep the currency weak and thus protect the Japanese export industries. Despite this wholesale printing, the Japanese Yen has been rising against the US dollar! What does that tell one about the current status of the US dollar? Perhaps the Japanese should employ some ex-Arthur Andersen partners who have demonstrated an ability to destroy paper.


While gold will almost certainly be the top investment in this climate of a sharply declining US dollar, the Euro and Swiss Franc may also be strong beneficiaries because these countries have large gold reserves. At some point in the future they will have the ability to restore gold convertibility to their currencies, albeit at a very much higher gold price. Secondary beneficiaries will be the currencies of those countries that produce gold, notably Canada, Australia and South Africa.


Alf Field

[e-mail]

PS The closing price for the Euro tonight (20 June 2002) in New York is US96.51c while the US Dollar Index closed at 108.94. Thus the Euro has surpassed its “point of recognition” while the Dollar Index within a point of doing so. It seemed appropriate to click on “Send Messages”.


Disclosure and Disclaimer: In the interest of full disclosure, the author advises that he is not a disinterested party in that he has personal investments in gold and silver bullion and in a selection of gold and silver mining shares. The author’s objective in writing this article is to invoke an initial interest on the part of potential investors in this subject to the point that they are encouraged to conduct their own further diligent research. Neither the information nor the opinions expressed should be construed as a solicitation to buy or sell any stock, currency or commodity. Investors are recommended to obtain the advice of a qualified investment advisor before entering into any transactions.

[ThaiGuru]

http://www.mbendi.co.za/a_sndmsg/news_view.asp?P=0&PG=11&I=3…

Anvil Mining`s Dikulushi Project development on schedule for initial concentrate production
Anvil Mining NL ("Anvil") is pleased to announce significant progress on the development of the Dikulushi copper-silver mine in the Democratic Republic of Congo ("DRC"). The project is now approximately 55% complete, it is on budget and it is scheduled to produce its first concentrate averaging 40% copper and 1,230 g/t silver, by 25 August 2002.

LAUNCH OF CONCENTRATE BARGE

On 14 June 2002, Anvil officially launched the Dikulushi concentrate barge. This is a self-propelled barge, 48 metres long and 10 metres wide, powered by two 150 HP Z-Drives fabricated by Thrustmasters in Houston, Texas. The barge, which is capable of carrying up to 250 tonnes of cargo, began transporting containers and larger equipment across to the DRC on 18 June. Prior to the launch of this large barge, the construction works were supported by a vehicular pontoon barge (25 tonne capacity) purchased in April 2002 from the Zambian Roads Department. The sixteen prefabricated sections used to build the large concentrate barge were purchased in August last year in Richards Bay South Africa, where they underwent a considerable amount of re-engineering between August and December 2001. During February and March this year, the sections were transported to Nchelenge, a town on the Zambian side of Lake Moero, where the barge assembly operation was undertaken.

DOCKING FACILITIES AT NCHELENGE, ZAMBIA AND KILWA, DRC

The docking facilities at Nchelenge (Zambia) and at Kilwa (DRC side of Lake Moero) are now 90% complete. The docking site on the DRC side of Lake Moero was moved south from Mobanga to Kilwa because of water depth issues. An existing house on the land occupied by the Nchelenge docking facility has been refurbished for use by local Customs and Immigration officers, and port authorities. A similar building has been erected for the same purpose at the Kilwa docking facility.

HEAVY MEDIA SEPARATION PLANT

Construction of the 35 tonne per hour Heavy Media Separation ("HMS") Plant in Johannesburg was completed on 12 June 2002. After water testing, the plant was dismantled in preparation for shipment to the DRC. It is expected to arrive on site by 28 June 2002. The HMS plant is a modular unit and erection on site will take less than one week.

CRUSHER CIRCUIT

A three-stage crusher circuit purchased from major shareholder First Quantum Minerals Ltd in April was brought to Ndola, Zambia where it underwent a complete refurbishment. It is now at Nchelenge on the Zambian side of Lake Moero, and will be transported to the Dikulushi site when the concrete plinths at the plant site are completed during the next two weeks.

MINE SITE LABORATORY

A containerised mine site laboratory has been assembled in Perth by SGS Laboratories. The four containers are due to leave Perth for Durban, South Africa today.

MINE SITE POWER GENERATORS

The four 375KW Scania electrical power generating units were delivered to Nchelenge in May and will be taken across to the mine site during the coming week. The concrete plinths for the power units are approximately 60% complete.

MINE SITE CONSTRUCTION WORKS

Construction works at the mine site were stepped up in early June following the clearing of the site and the surveying of the civils layout in May. Work has commenced on the ROM pad retaining wall, the stockpile tunnel, the crusher pad, and the fuel storage area. The vegetation has been cleared from the tailings dam area. The accommodation units to house 30 contractors were completed this week and during the coming weeks additional units will be erected to house a total of 60 contractors.

ROAD ACCESS

The 50 km access road from the docking facility at Kilwa to the mine site at Dikulushi has been upgraded so that the trip now takes 75 minutes in a two-wheel drive vehicle. Further refurbishment work and laterite sheeting will be undertaken on this road over the next month to facilitate the movement of concentrate trucks.

STAFFING

Anvil has continued to build up the small team who will manage the operation of the Dikulushi mine. Project Manager Mike O`Sullivan is now on site at Dikulushi with his family. Others on site include Denham Vickers, Manager Mining; Frederick Ng`ona Mine Geologist; Anne Normandin, Project Administrator; Gerry Hyendrick, Barge Training Skipper; Graeme Martin, HSE Superintendent and Medic; Thinus Bergh, Manager Security; and Mertyl Adams Camp Superintendent. All have substantial African experience. Choong Tan, previously Chief Financial Officer for African Mining Services in Johannesburg will join the Company in Perth as Financial Controller, on 24 June 2002.

PROJECT FUNDING

Anvil commenced the drawdown on the RMB Resources Ltd Project Financing Facility on 21 May 2002. Anvil has access to all the funds required to complete the development of the Dikulushi Project, and most importantly, has all the DRC government approvals required. In addition, Anvil disposed of a further 200,000 Golden Star Resources Ltd ("GSR") shares on 3 June 2002 at a share price or US$2.22 for net proceeds of US$441,780. Anvil currently holds 842,361 GSR shares. Anvil acquired these shares in GSR in August 2001, at a deemed price of US40 cents per share, following a conversion of its direct interest in Bogoso Gold Limited in Ghana, to an equity interest in GSR.

DIKULUSHI RESOURCE

Dikulushi has an independently audited Measured, Indicated and Inferred Resource (at a 2% Cu cut-off) of 1.94 million tonnes at an average grade of 8.58% copper and 266 g/t silver, 85% of which is in the Measured and Indicated categories. Since Dikulushi is open at depth, with one of the deepest drill intersections (DIK 30) intersecting 16.7 metres of 16% copper and 522 g/t silver at a vertical depth of only 165 metres, potential exists to significantly increase the resources of this deposit and extend the mine life well beyond its current 8 years. The HMS approach is expected to produce a concentrate grading approximatel y 40% copper and 1,230 g/t silver. Subsequent expansion, with the addition of a ball mill and flotation circuit (Stage II) would be largely funded out of project cashflows and would produce a very high-grade concentrate averaging 60% copper and 1,935 g/t silver.

For additional information, please contact:

Bill Turner
EXECUTIVE DIRECTOR

Tel: [phone] or [phone]
Email: [e-mail] (Perth) and [e-mail] (travel)

[ThaiGuru]

Golden Star Resources ist unter anderen, eine GATA Empfehlung!

Gruss

ThaiGuru



http://www.mbendi.co.za/a_sndmsg/news_view.asp?P=0&PG=11&I=3…

Golden Star increases reserves at Bogoso/Prestea Gold Properties, Ghana

Golden Star Resources Ltd. (``Golden Star`` or the ``Company``) (AMEX:GSS - news) (TSE:GSC - news) is pleased to announce an increase in its Proven and Probable Mineral Reserves (``Mineral Reserves``) at its Bogoso/Prestea property in Ghana. As at May 31, 2002 its Mineral Reserves comprised 20,637,454 tonnes at an average grade of 3.15 g Au/t for total contained gold of 2,090,793 ounces. This represents an increase of 263,467 ounces compared to the stated Mineral Reserves as at December 31, 2001.

The proportion of Mineral Reserves in the proven category has also increased from 56% to 69%, as a result of additional drilling.

This increase in the Mineral Reserves is a result of additional work and drilling programs at its Bogoso/Prestea property in Ghana on the deposits known as Buesichem, Brumase/Beposo and Plant-North. The Company had not previously published any reserves for Brumase/Beposo and the new Mineral Reserves for this deposit are the result of exploration on the Prestea property since September 2001. The Company had previously published reserves for its Plant-North and Buesichem deposits and the increase in Mineral Reserves for these deposits is a result of greater confidence resulting from infill drilling. At Plant-North, this work resulted in the delineation of wider zones at the southern end of the deposit. The Plant-North deposit remains open to the south and further exploration will be carried out during the current year.

Peter Bradford, President and Chief Executive Officer of Golden Star, said: ``the increase in Mineral Reserves and Mineral Resources achieved at Prestea from the last six months is a very positive confirmation of the prospectivity of the Bogoso/Prestea area for additional reserves that can be processed in the existing processing plant, which defers the requirement to commit capital expenditure to upgrade the project to process refractory sulfides beyond 2007. Furthermore the work has resulted in an overall increase in average grade that will likely realize lower overall cash costs.``

MINERAL RESERVES

The total Mineral Reserves at Bogoso/Prestea contained within $275 per ounce optimized pit shells total 20,637,454 tonnes at an average grade of 3.15 g Au/t, representing 2,090,793 ounces of contained gold. This represents a 14% increase in the Mineral Reserves reported by Golden Star as at December 31, 2001. The increase in Mineral Reserves is primarily the result of additional drilling and further analysis of existing data. The stated Mineral Reserves have been prepared in accordance with Canada`s National Instrument 43-101, Standards of Disclosure for Mineral Projects, and are equivalent to Proven and Probable Reserves as defined by the United States Securities and Exchange Commission.

The identified qualified person responsible for the preparation of the statement of Mineral Reserves is Mr. David Alexander, an employee of Golden Star, employed at the Bogoso/Prestea gold mine as Chief Mining Engineer. Mr. Alexander is a qualified mining engineer and chartered engineer and is a member of the UK Institute of Mining and Metallurgy.

MINERAL RESOURCES

As at May 31, 2002, the Measured and Indicated Mineral Resources (``Mineral Resources``) at Bogoso/Prestea total 30,376,000 tonnes at an average grade of 3.25 g Au/t representing 3,175,000 ounces of gold, which is inclusive of the Mineral Reserves, stated above. This represents a 6% increase in the Mineral Resources reported by Golden Star as at December 31, 2001. The increase in Mineral Resources is primarily the result of additional infill and exploration drilling and further analysis of existing data.

The stated Minerals Resources have been prepared in accordance with Canada`s National Instrument 43-101, Standards of Disclosure for Mineral Projects, and are equivalent to Mineralized Material as defined by the United States Securities and Exchange Commission. The portion of mineralized material which has not been converted to the proven and probable reserves categories does not qualify under the United States Securities and Exchange Commission standards as being commercially mineable until further drilling, metallurgical work and other economic and technical feasibility factors based upon such work are resolved.

The identified qualified person responsible for the preparation of the statement of Mineral Resources is Mr. S. Mitchel Wasel an employee of Golden Star, who following the acquisition of the Bogoso gold mine in 1999 was appointed Exploration Manager for the Company. Mr. Wasel is a qualified geologist with 14 years of experience in gold and base metal exploration and is a Member of the Australasian Institute of Mining and Metallurgy.

Golden Star has a 90% interest in the Bogoso/Prestea open-pit gold mine in Ghana, a 45% managing interest in the Prestea underground mine in Ghana, and is in the process of acquiring a 90% interest in the Wassa gold project in Ghana. In addition, the Company has other gold exploration interests in the Guiana Shield in South America and in West Africa. Golden Star currently has approximately 65 million shares outstanding and is listed on the Toronto Stock Exchange under the symbol ``GSC`` and on The American Stock Exchange under the symbol ``GSS``.

The statements contained in this press release are both historical and forward-looking in nature. The forward-looking statements involve risks and uncertainties including those relating to exploration, the establishment of reserves, the recovery of any reserves, future gold production, future costs of production, future permitting and future operations. Please refer to a discussion of these and other risk factors in Golden Star`s Form 10-K and other Securities and Exchange Commission filings.

NOTE: all currency is expressed in United States dollars

[ThaiGuru]

http://www.cnet.com/investor/news/newsitem/0-9900-1028-20069…

Gold holds firm as dollar falls against euro

6/21/02 7:26 AM
Source: Reuters

LONDON, June 21 (Reuters) - Gold looked set to end the week on a positive note as the market took advantage of a frail dollar and falling stock markets, leading analysts to believe bullion`s bull run was back on track.

"Gold will continue to be driven by equity and dollar weakness and further gains are likely. A break of $328 will probably trigger further speculative and investment buying," UBS Warburg analyst John Reade said.


Gold looked buoyant trading at around $323.00 an ounce for most of the session after the dollar fell to two-year lows against the euro and seven-month lows against the yen on concern over the U.S. current account gap and weak U.S. stocks.

"The risks of parity between the euro and the U.S. are now clearly very high and the renewed U.S. dollar weakness may prompt some speculative funds to add to their already large net long exposure. This is the key relationship between the weak U.S. dollar and stronger gold price," Barclays Capital analysts said.

Spot gold fetched $323.00/323.50 at 1356 GMT, versus $323.10/323.60 at Thursday`s close of business in New York.

Gold`s direction of late has largely been determined by U.S. equity markets which, coupled with fears over escalating geopolitical tensions, helped prices hit a 2-1/2 year high a fortnight ago.

Uncertainty over the situation in the Middle East should continue to provide a crutch for the market, even if the dollar and equity markets begin a positive turnaround, although speculative activity is likely to ease, analysts said.

"Until gold breaks out of the $320s, speculative activity is likely to fall back from the levels reached in recent weeks. $325.00 is therefore the next key resistance area," Barclays Capital said.

The other precious metals remained quiet with silver last at $4.83/4.85 against $4.86/4.88 in New York.

Platinum was at $564.00/569.00 against $562.00/567.00 previously, whilst palladium was bid at $325.00/335.00, versus $328.00/338.00.

Copyright 2002, Reuters News Service

[ThaiGuru]

http://www.newsalert.com/bin/story?StoryId=CprftqbWbtLLusdeZ…

June 20, 2002 16:56

Vista Gold Corporation Completes Reverse Stock Split
Remains Listed and in Good Standing on The American Stock Exchange

NEW YORK, June 20 /PRNewswire-FirstCall/ -- Please be advised that Vista Gold Corporation (Amex: VGZ.WI) completed a reverse stock split and remains listed and in good standing on the American Stock Exchange(R) (Amex(R)). Vista Gold Corporation is temporarily trading under the symbol VGZ.WI as a result of a reverse stock split, which became effective on June 19, 2002. All market data vendors are not currently reflecting the symbol change.

On June 18, 2002, the Amex disseminated notice on the Amex Equities Daily List that Vista Gold Corporation was affecting a 1 for 20 reverse stock split. The symbol upon effectiveness was temporarily changed from VGZ to VGZ.WI to reflect trading would occur on a "when issued" basis as a result of the mandatory exchange of certificates and a new CUSIP. It is anticipated that regular way trading will resume effective June 21, 2002 under the symbol VGZ.

For further information, including quotes for VGZ, please visit http://www.amex.com .

The American Stock Exchange(R) (Amex(R)), a subsidiary of NASD, is the only primary exchange that offers trading across a full range of equities, exchange traded funds (ETFs), including structured products and HOLDRS(SM) and options. In addition to its role as a national equities market, the Amex is the leader in ETF listings, listing 117 ETFs to date, and is the second-largest options exchange in the U.S., trading options on broad-based and sector indexes as well as domestic and foreign stocks. For more information, visit http://www.amex.com .

MAKE YOUR OPINION COUNT - Click Here http://tbutton.prnewswire.com/prn/11690X87517733

SOURCE American Stock Exchange

/CONTACT: Lynn Teresky of Amex, [phone]/

/Web site: http://www.amex.com /

(VGZ.WI VGZ)

[ThaiGuru]

Was diese Meldung für die in diesem Geschäft tätigen Firmen, respektive für deren Aktienkurse bedeutet, muss ich Euch wohl nicht näher erläutern.

Gruss

ThaiGuru



http://www2.swissinfo.org/sde/Swissinfo.html?siteSect=143&ei…

Schweizer Zeit 16:26, Freitag 21.06.2002

Zahl der Mobilfunkkunden in Europa wächst nur noch um 1,3 Prozent

KOPENHAGEN - Die Zahl der Mobilfunkkunden in Westeuropa wächst nur noch marginal. Laut einer Studie des Marktforschers Gartner Dataquest ist die Zahl der Mobilfunkanschlüsse in Westeuropa im ersten Quartal dieses Jahres nur noch um 1,3 Prozent gestiegen.

Zu Beginn des Vorjahres hatte das Wachstum noch 6,5 Prozent betragen. Der Markt zeigt sich damit bereits weitgehend gesättigt. Im Schnitt haben bereits mehr als drei Viertel der Bevölkerung ein angemeldetes Handy.
Bereits im Gesamtjahr 2001 ist das Wachstum bei Mobilfunkanschlüssen bereits von 57,4 auf 19,5 Prozent zurückgegangen. Laut Gartner wird der Abwärtstrend der jährlichen Wachstumsrate in den nächsten vier Jahren weiter anhalten. 210947 jun

21.06.2002 09:47, SDA-ATS

[ThaiGuru]

http://www2.swissinfo.org/sde/Swissinfo.html?siteSect=143&ei…

Schweizer Zeit 16:24, Freitag 21.06.2002

Erneute Zusammenstösse im Kaschmir mit 13 Todesopfern

ISLAMABAD - Bei neuen Zusammenstössen entlang der indisch-pakistanischen Waffenstillstandslinie in Kaschmir und in Kaschmir selbst sind mindestens 13 Menschen getötet und elf weitere verletzt worden.

Die Zeitung «Jang» in Islamabad berichtete, indische Truppen hätten über den Fluss Neelum zwei Kleinbusse und einen Lastwagen mit Granatwerfern und Gewehren beschossen.
In einem weiteren Zwischenfall in dem Gebirgstal kamen sechs pakistanische Soldaten ums Leben, als ihr Fahrzeug von der Strasse in die Schlucht des Flusses stürzte. Acht wurden verletzt, wie die die Zeitung «Dawn» berichtete.
Die Strecke entlang dem Neelum-Fluss gilt als besonders gefährlich, weil sie in Reichweite der indischen Waffen liegt. Im Bezirk Karnah wurden auf indischer Seite zwölf Häuser durch Beschuss von pakistanischer Seite zerstört, wie die indische Agentur UNI meldete. Es sei niemand verletzt worden.
Die EU-Staats- und Regierungschefs begrüssten die Schritte Pakistans zur Entspannung im Kaschmir-Konflikt und forderten auch Indien zu weiteren entsprechenden Massnahmen auf. Dennoch bleibe die Lage prekär, heisst es in einem Entwurf zu einer Kaschmir-Erklärung, die die EU-Gipfelteilnehmer in Sevilla verabschieden wollen. 211521 jun

21.06.2002 15:22, SDA-ATS

[ThaiGuru]

Zur Zeit stimmt die Richtung wieder!

Gruss

ThaiGuru

[ThaiGuru]

http://www2.swissinfo.org/sde/Swissinfo.html?siteSect=143&ei…

Schweizer Zeit 23:59, Freitag 21.06.2002

FBI warnt US-Bürger und Ausland vor Anschlägen mit Tanklastern

WASHINGTON - Die US-Bundespolizei FBI hat vor Terrorangriffen gewarnt, die Extremisten in den USA oder im Ausland mit Tanklastwagen ausführen könnten. Als potenzielle Ziele kämen Tanklager, jüdische Schulen oder Synagogen in Frage.

Die genauen Angriffsziele seien nicht bekannt, teilten FBI-Vertreter mit. Die Sicherheitsbehörden in den USA haben nach den Anschlägen vom 11. September bereits mehrfach die Öffentlichkeit vor erhöhten Gefahren durch Extremisten gewarnt.
Das FBI hat unterdessen Informationen als ernst eingestuft, wonach möglicherweise am amerikanischen Unabhängigkeitstag ein Anschlag in Las Vegas geplant sei.
Ein FBI-Agent sagte, ein im Libanon geborener Geschäftsmann habe in Las Vegas zufällig ein auf Arabisch geführtes Mobilfunk-Gespräch mitgehört, in dem über einen «Schlag am Tag der Freiheit» in Las Vegas gesprochen worden sei. Das lasse darauf schliessen, dass ein Anschlag am amerikanische Unabhängigkeitstag, dem 4. Juli, geplant sei. 212145 jun

21.06.2002 21:46, SDA-ATS

[ThaiGuru]

!

Dieser Beitrag wurde vom System automatisch gesperrt. Bei Fragen wenden Sie sich bitte an [e-mail]

[Tippgeber1]

Hallo ThaiGuru,

ich schiebe wieder Nachtschicht

was hälst Du von folgenden Aussagen von Martin Siegel:

1)"inminki: Bei welchem Preis würden Sie Gold zum Verkauf stellen - 330$,340$,360$,400$,.....,.....???
(M.Siegel) Ohne Veränderung der Umstände würde ich ab 600 $/oz vorsichtig anfangen, Goldbestände abzubauen.
(M.Siegel) 600 $/oz würden dabei etwa 1.500 Punkten am Neuen Markt entsprechen (und der Markt lief bis über 8.000)."

2)"Seppel: Haben Sie eine Meinung zu Coeur D`Alene Mines,Hecla und Silver Standard?
(M.Siegel) Eher Spielereien im engen Silbermarkt."

Nachzulesen im Gold Chat mit Martin Siegel:Thema Gold und aussichtsreiche Goldaktien.




Gruß

Tippgeber

[Sieger2002]

an Tippgeber

würde das von siegel gerne nachlesen. wie komme ich auf die Seiten, da ich gerne wissen möchte, wann er es gesagt hat.

[ThaiGuru]

@Tippgeber1

1.a Persönlich habe ich physisches Gold zur Langzeit- Anlagenabsicherung gekauft, und werde dieses weder bei 450.-$,600.-$, und auch nicht bei 850.-$, oder einem noch höheren Goldpreis verkaufen.

1.b Anders werde ich mich im Falle eines Goldpreises von 600.- $, oder mehr in Bezug auf meine Goldaktien verhalten.
Bei diesen Goldaktien kann ich mir zumindest einen grösseren Teilverkauf durchaus vorstellen, sollten die Preise in die Region ihrer Höchststände von vor 20/22 Jahren vorstossen.
Damals stand der Goldpreis auf über 800.-$ US. Eine Drooy Aktie wurde seinerzeit mit über 50.-$ gehandelt.

Herr Siegel wollte mit seinem gewählten Vergleich "Goldpreis bei 600.-$, Nemax 1500, und lief dann noch bis 8000 Punkte" wohl andeuten, dass er sich einen höheren Goldpreis als 600.-$, noch durchaus vorstellen könnte. Dieser Einschätzung kann ich mich voll anschliessen.

2. Dass Hecla, Coeur D`Alene, Silver Standard eher eine Spielerei sein sollen, glaube ich persönlich weniger.
Tatsache ist aber, dass die genannten Minen, beim Einstieg zum jetzigen Preis, ein viel grösseres Risiko darstellen, als zum Bsp. eine Harmony Gold, oder Gold Fields, falls die Gold oder noch mehr die Silberpreise, aus welchen Gründen auch immer, nicht weiter ansteigen oder sogar fallen würden.

Falls die Gold und Silberpreis aber weiterhin im Preis zulegen werden, wovon ich persönlich ausgehe, bieten die wohlgemerkt risikoreichen Investitionen in obengenannten Minen aber auch ein grosses Gewinnpotenzial, dass das von einer Harmony-Gold/Gold-Field noch bei weitem übertreffen könnte.


Gruss

ThaiGuru

[ThaiGuru]

Gold believers wage war against dollar

By Thom Calandra, CBS.MarketWatch.com
Last Update: 12:00 PM ET June 21, 2002

SAN FRANCISCO (CBS.MW) --

Give the gold bugs credit, they know a theme when they see one.

Gold`s believers, some of them held in high regard in financial circles, this week are waging all-out war against the dollar, which they sense is close to a decline of epic proportions.

RBC Global Investment Management Inc., a division of Royal Bank of Canada, said this week in a report, "The U.S. dollar has been levitating for a long time, but the underlying fundamentals continue to erode. The U.S. current-account deficit exceeds $400 billion annually, and the continuation of this chronic deficit has turned the U.S. into the world`s largest debtor as most of these deficits are being recycled into U.S. debt instruments. Gold is already in a bull market in U.S. dollars, and an established bull market in every other currency. If the reserve currency, the U.S. dollar, falters, gold could well be launched on the upside as people recognize its status as the only true currency."

A spokesman for Royal Bank of Canada said the report was an internal one, not meant for public consumption. "It was a discussion paper prepared for review by the Investment Strategy Committee and does not represent the view of RBC," Graeme Harris, senior advisor for corporate communications at Royal Bank of Canada, told me.

Others are seizing on news of a record high U.S. trade gap and a decline in overseas buying of American securities as powerful ammunition for this year`s gold rally. The euro is at a two-year high vs. the dollar, fetching more than 96 cents and up 10 percent so far this year. Gold`s price is up 19 percent since Jan. 2. See CBS MarketWatch on the trade and current account reports.

"Borrowing U.S. dollars and investing in foreign assets must be the next big play. Some of them will even figure that the big winner in this whole situation will be gold as it is the ultimate money, the final store of value," observes Alf Field at 321gold.com, one of many pro-bullion news services promoting the current gold rally. "Most other currencies are suspect because they are all worthless paper."



Barry Cooper, a gold equities analyst at CIBC World Markets in Toronto, says each 1 percent move higher for the euro against the dollar will translate into a 1 percent gain for gold. If the euro reaches $1, then gold, reflecting a worldwide retreat from American assets, will move to $345 an ounce, Cooper says.
That, the analyst said, will lead to a 25 percent gain in the prices of gold mining stocks, the strongest gainers in the U.S., Canadian, Australian and Seouth African stock market this year. See Cooper`s analysis.

For the gold newsletters, the dollar story is one they have been telling, to deaf ears, for years as the dollar soared and gold languished. "Gold is heading much higher, and it is being driven by the very factors that we`ve been talking about for years, including a basic supply/demand imbalance ... major downtrends in other asset classes and the beginning of a secular bear market in the U.S. dollar," says Brien Lundin of Jefferson Financial`s 31-year-old Gold Newsletter in Jefferson, La.

The fix is in

The folks at Gold Anti-Trust Action Committee Inc. say investment banks are starting to understand the panel`s sole complaint: that central banks have employed a strong dollar and rigged gold sales to depress the price of bullion - all in an effort to moderate inflation and keep worldwide fiscal turmoil at bay.

"The establishment in the gold world is coming around to our central premise: that central banks and particularly the U.S. Treasury Department have been colluding surreptitiously and desperately to suppress the gold price and manipulate the gold market," Chris Powell, secretary/treasurer of the Gold Anti-Trust Action Committee, told his members.



Also taking it on the chin is the U.S. stock market, seen as past its prime and the subject of scorn from once-adoring overseas investors. Overseas investors rang up a mere net $17.6 billion of U.S. stock-market purchases in the first quarter vs. $41.7 billion in first-quarter 2001.

William Rees-Mogg, editor of the forthcoming book "The Case for Gold," recently wrote in The Times of London, "The price rise in gold is telling us the truth, not about gold, but about the U.S. dollar. The U.S. external deficit has to be reduced. That means the dollar has to fall further. There is no early prospect of a return to confidence in the U.S. stock market. There is no point in the U.S. raising interest rates, which would weaken the U.S. economy and only postpone the necessary realignment of dollar exchange rates. Gold will continue to out-perform stock markets, as it has for the past two years. Pension funds are going to be in serious difficulties."



Rees-Mogg, a successful British investor, newsletter editor and prolific financial author, went on to say, "All of this does not look like a short-term adjustment. We may find the decline of the dollar is the most important global movement of the decade."

The price of spot gold Friday morning was up 50 cents at $324.20 an ounce. The euro was up 0.6 percent against the dollar, reaching the 97-cent mark.

How America Lost Its Shirt

It`s out: "How America Made a Fortune and Lost Its Shirt" examines the portfolio pain of ordinary Americans, and the hope Main Street investors hold for a stock market recovery. Steve Gelsi is the author. Thom Calandra is the editor. See more about the book.

Thom Calandra`s StockWatch appears each trading day.

[ThaiGuru]

http://www2.swissinfo.org/sde/Swissinfo.html?siteSect=143&ei…

Schweizer Zeit 13:28, Samstag 22.06.2002

Bush nennt Sorgen an US-Börsen um Bilanzpraktiken unbegründet

ORLANDO - Die derzeit an den US-Aktienmärkten vorherrschenden Sorgen um die Bilanzpraktiken von Unternehmen sind nach Einschätzung von US-Präsident Bush unbegründet. Er räumte jedoch ein, dass es einige schwarze Schafe gebe.
Diese sorgten für Misstrauen auf den US-Märkten. Bush forderte die Firmen auf, aufzuräumen, damit wieder Vertrauen entstehen könne. Rund 95 Prozent der Unternehmen bilanzierten ihre Vermögen und Verbindlichkeiten korrekt, sagte er am Freitag in Orlando im US-Bundesstaat Florida.
Er sei optimistisch, dass die US-Wirtschaft wieder an Fahrt gewinne, sagte Bush. Bilanzunregelmässigkeiten des mittlerweile insolventen Energiehändlers Enron hatten an den US-Aktienmärkten zu einem allgemeinen Vertrauensverlust in die Rechnungslegung von Firmen geführt. Die US-Börsen befinden sich seit Wochen auf Talfahrt.

22.06.2002 02:30, SDA-ATS

[ThaiGuru]

http://finance.news.com.au/common/story_page/0,4057,4558462%…

Wrong way: go back, gold

By Robert Gottliebsen
22jun02

NEWCREST managing director Tony Palmer believes that Wayne Murdy and Pierre Lassonde, the heads of the world`s largest gold miner Newmont, have the wrong strategy.

Even though Palmer is clearly biased, this is a bold claim from the former WMC and Normandy executive who took over the reins at Newcrest last November to be its fourth CEO in four years.

But if he is right, once again Australian institutions are in danger of being sucked in and blowing more superannuation savings.

More and more Australians are now buying into gold via Newmont, Barrick and AngloGold shares and paying a huge premium. And another major, Placer, is making a takeover bid for Australia`s Aurion Gold using the share premium it has as a larger company.

Newcrest is the next on the takeover menu for the hungry giants Newmont, Barrick and Anglo. Palmer says the strategy being adopted by the majors, led by Newmont, of getting bigger and bigger will backfire. He says that over the past 10 years world gold discoveries have totalled about 100 million ounces of recoverable reserves.

Currently the four major companies are producing each year 25 million ounces.

Production of the biggest producer, Newmont, exceeds 8 million ounces (including Normandy). It is closely followed by Barrick and Anglo which each produced just under 6 million ounces.

Palmer says that by undertaking huge mergers Newmont and the majors have set themselves impossible future production tasks.

Newmont`s average mine life is only 10 years, so that just to maintain reserves it alone needs to discover gold equal to about 80 per cent of world discoveries over the past decade. The other majors face similar discovery challenges to maintain production in the longer term.

Newmont has a totally different view and Murdy says that the company has large prospective areas and he is confident they can find enough new gold to maintain current production beyond 10 years. But if Palmer is right about any of the majors they will only have only two choices.

First, they can keep buying mines but this is becoming expensive as institutions are beginning to wake up to the game. The second option is to reduce gold production and hope for higher gold prices.

The global share market simply doesn`t take the Palmer warning seriously and on the basis of gold in the ground both Newmont and Barrick shares trade at enormous premiums over a company like Newcrest.

Australian institutions would much prefer to pay a much higher price for gold held by the majors than they are prepared to offer via shares in Newcrest.

Placer is taking advantage of the difference by trying to snap up Aurion Gold despite directors protests that shareholders who accept are reducing their gold backing.

Newcrest has an extra problem. The institutions still have not forgiven the company for its bad past mistakes.

Nevertheless Newcrest is scheduled to more than double production from 700,000 ounces of gold to 1.8 million ounces, still little more than one-fifth of the Newmont production.

Newcrest`s big rise does not begin until 2005 when the new Telfer mine is developed. Newcrest shut the Telfer mine in October 2000 because operating costs were too high. It developed two new mines near Orange, NSW – Ridgeway and Cadia.

But it wasn`t easy to fund these new mines, because gold was out of favour. To get finance Newcrest directors were required by their lenders to gamble in the currency and metal price casinos and take whatever cards "the riverboat bankers" dealt them.

Not surprisingly they were dealt dreadful cards. For example, Newcrest directors found themselves with "snow pots" – currency cards that explode with huge losses if the Australian dollar is not above US62c on the day they mature.

Newcrest directors lost nearly $800 million of shareholders` money. The company had board links with Pasminco, which also lost $800 million to the "riverboat bankers", giving an enormous earnings boost to the Australian and world banking gamblers.

Pasminco and Newcrest had absolutely no need for the sort of hedge cover that their inexperienced boards took out. Newcrest directors, after leaving the currency casino tables, decided to take a second gamble.

But this was a mining punt where they had expertise. Newcrest constructed an exploration shaft at the bottom of the Telfer mine even though the drilling results had been inconclusive. But the shaft opened up a gold bonanza beyond anyone`s dreams.

On current estimates Telfer has total reserves of 29 million ounces on the basis of a $US225 cut-off price, which include recoverable reserves of 19 million ounces.

The company is planning to spend $1 billion on a new open-cut and underground mine that will lift production by close to a million ounces a year by 2008. Had that second gamble not paid off, Newcrest would have suffered a similar fate to Pasminco.

The Telfer reserves mean that the company`s old hedge contracts are now only 21 per cent of reserves. There are fears among institutions that some Newcrest directors are itching to go double or nothing with the "riverboat bankers".

Newcrest only needs to hedge the price of the gold to the extent required to repay, say, half or two-thirds of its Telfer debt. It does not need currency protection provided its debt is in US dollars – the currency of the gold price.

Any additional hedge agreements or currency contracts are merely a new round of casino games. Nevertheless, leaving aside its board risks, Newcrest has enormous potential.

On the basis of the net present value sums the company shares are priced about a third of those of Newmont, especially as Newmont calculates its reserves on the basis of a $US325 gold price while Newcrest calculates at $US225.

Newcrest is planning to calculate the reserves on the basis of $US285 ($500) an ounce of gold, although it is hard to understand why they wouldn`t do the sum on at least $US300 to bring themselves into line with Barrick and Anglo.

As we saw with Aurion, which undertook a similar exercise, this will cause a big rise in reserves and further underline the difference in gold backing between Australia and the US.

It is a theoretical exercise because the reserves at Telfer can already produce at a high rate for 25 years. Indeed the mine is shaping up as one of the top 10 in the world, with incredibly low costs. To fund Telfer, Newcrest has a number of alternatives.

The group has a myriad of small shareholders because it was originally BHP Gold. All BHP shareholders received an entitlement and many still have small parcels of the stock.

It would be grossly unfair to finance Telfer with a share placement, given the discount to Newmont values. Any equity must be via an issue to shareholders.

On the other hand, Newcrest has a minority stake in the Bodington mine and one option is to sell that interest to the other partners and value the mine at prices akin to the Newmont share price. That way Newcrest would be effectively raising equity on a fair basis.

It might also borrow the entire $1 billion. Newmont`s downside is of course the $800 million lost on the hedge contracts. Most of it will paid in the next three years by selling gold below the market prices in both metal and currency.

If the Australian dollar rises above US62c when the "snow pots" are due to explode, Newmont will save more than $300 million – almost a third of the cost of Telfer. The major institutions have kept away from the stock but the better performing managers of Australian superannuation money – groups like Maple-Brown Abbott – have taken major positions.

Of course if Palmer is right and the major miners will desperately need ore reserves in the long term, then they have no choice but to buy Newcrest. As always in these takeover exercises the Australian superannuation funds and investors will make short-term profits but lose out because they then must invest in gold on much less favourable terms.

If Palmer is right and the big majors can`t replace their production then the price of gold is set for a sustained rise.

Indeed, I suspect that that`s where Palmer and Newmont`s Murdy and Lassonde will come together: gold production will be restricted and the big gains will come via the price.

In that scenario Newcrest will make a lot of money provided it stays away from the "riverboat bankers".

Robert Gottliebsen writes each day for The Australian and broadcasts nightly on the ABC Asia-Pacific TV network.

The Australian

[mickym [VIP]]

Hier noch ein älterer Artkel, der zum Finanzkollaps passt,

vielleicht aber schon von vielen gelesen wurde, wiess nicht

http://www.paganlord.de/DEUTSCH/NAVIGAT-HAUPT/FKHurz.htm#Ein…

gruss mic

[mickym [VIP]]

Auch das finde ich ganz witzig, wenn man so die Spekulationen über den künftigen Goldpreis hört:
Ist zwar einerseits schon ein alter Beitrag, aber denke heute aktueller denn je.


Chancen und Risiken bei Gold- und Goldmineninvestments

CHANCEN

Nur "50" Millionen auf wirkliche Ersparnissicherheit bedachte europäische Kleinanleger oder Sparbuchbesitzer bekunden ihren Willen zum Kauf von jeweils nur 10 Goldmünzen zu je einer Unze, und der Goldpreis würde regelrecht explodieren. Mit großer Sicherheit könnten nur die ersten 300 bis 500 Tausend Käufer bei sofort anziehendem Goldpreis bedient werden. In der Folge würde der Goldhandel rationiert oder gar für einige Tage geschlossen, wie es ab Januar 1980 und den darauffolgenden Monaten mehrfach geschah.

Alle 50 Millionen Kaufwillige zu beliefern (=15 550 Tonnen) ist nicht mögIich, da sogar weltweit diese Menge an Goldmünzen nicht zur Verfügung stünde. Ferner, und dies ist der größte Schwachpunkt, haben alle europäischen Zentralbanken nur ca. 13 500 Tonnen Gold (ein Volumen von etwas mehr als 10 Wohnzimmern á 30 Quadratmeter) in Ihren Tresoren. Dieses Gold wird aber niemals für die Bevölkerung (Anleger) zur Verfügung gestellt, erst recht nicht aufgrund weltweit heraufziehender Währungsreformen in allen überschuldeten Staaten. Außerdem bestehen begründete Zweifel daran, ob die Goldbestände, die die Zentralbanken vorgeben zu besitzen, überhaupt noch vorhanden sind.
So wurden z.B. die Goldreserven der US-5 Federal Reserve
seit Eisenhowers Zeiten nicht mehr offiziell überprüft.


Wenn 1% der Marktkapitalisierung des Dow Jones Indexes und 1% der Marktkapitalisierung der Anleihemärkte(= 875-900 Milliarden DM) in den Goldmarkt investiert würden, ergibt das, bei einer augenblicklichen Marktkapitalisierung des gesamten Goldmarktes der Investmentbanken von ca.
· DEM 784 Milliarden*** eine
· Verdreifachung* des heutigen Goldpreises und in etwa eine
· Verachtzehnfachung** der heutigen Goldminenpreise.


Wenn nach dem Staatschuldenmodell die Geldmenge M3 zu Sätzen von 6% an das Gold gekoppelt wird ergibt das einen Goldpreis von 1.800 $ pro oz.


Angenommen, der Goldpreis wird nach altem Muster des Goldstandards wieder zur vollständigen Deckung der Währungen herangezogen, so ergibt sich zur Deckung des US $ ein Preis von ca. 50.000 $ pro oz und zur Deckung aller Währungen ein Preis von ca.150.000 $ pro oz.

* bei Annahme eines Verkaufsvolumens von 20.000 t = DEM 340 Milliarden)
** Multiplikator der letzten 50 Jahre x 6
*** Notenbank 32.000 t / Investmentbank 10.000 t / Goldminen DEM 70 Milliarden = DEM 784 Milliarden Gesamtkapitalisierung bei einem durchschnittlichen Goldpreis von DEM 17 Millionen pro Tonne .
RISIKEN

Wenn, rein theoretisch, alle verfügbaren Goldbestände ca. 32.000 t der Noten- und ca. 13.000 t der Investmentbanken auf Markt geworfen werden, sinkt der Goldpreis ins Bodenlose, vielleicht annähernd auf Null.

Am Beispiel in der BRD würde ein Verkauf aller Goldreserven zu folgenden Ergebnissen führen:

Bei einem Verkauf aller Goldreserven von 2960 t zu 300 $ oz erhält die BRD
nur 45 Milliarden DM.
Diese Summe entspricht in etwa der Nettoneuverschuldung der BRD von 8 Monaten.

Ein mögliches Ziel der Notenbank mit Goldverkäufen die Gesamtverschuldung deutlich zu senken oder ganz zu tilgen, kann sie, wie Sie sehen, mit einer solchen Maßnahme und bei den heutigen Goldpreisen nicht im entferntesten erreichen. Denn die Staatsverschuldung der BRD liegt bei
2.300 Milliarden DM.

Jeder Großverkäufer (Notenbank) von Gold würde zu diesen Preisen Tafelsilber fast verschenken.
Wirtschaftlich macht es viel mehr Sinn, den Goldpreis in einer konzertierten Aktion zu heben und /oder nur die Geldmenge M3 an den Goldpreis zu koppeln.

Der theoretische Goldpreis, um die Gesamtverschuldung der BRD zu tilgen, müßte dann bei 15.300 $ pro oz. liegen.


http://www.eic-ag.com/eng/gold.htm#start

gruss mic

[ThaiGuru]

June 21 - Gold $324.40 up $1.70 - Silver $4.85 down 2 cents

Caveat Lector and the Mainstream Investment World!

It could not be more clear (even to the brain dead) that a powerful force is trying to cap gold. The dollar was trashed Friday, closing in new low ground for the move at 108.70. The stock market was obliterated too as the Dow submarined 177 points to 9254 and the DOG sank to 1441, down 24. The NASDOG is only 13 points away from taking out its September 11th low, while the bigger cap Nasdaq 100 index has already broken that low.

BUT GOLD, not so fast. Cap, cap again. The Gold Cartel is trying to keep gold from blowing through $330, buying time for a dollar reversal, etc, to take gold down before it exposes their fraud. The funds, as expected, came in big on the buy side due to consistent positive price action, while the goons sold.

AND ONCE AGAIN, gold was only allowed to advance within the confines of the re-emerged $2 rule limit, to keep excitement as subdued as possible. (In the dog-day years gold was never allowed to advance more than $2 (thereabouts) on any given day. The cabal knew very well that price action makes market commentary and a $2 move up won’t generate any real bullish press. For years Midas commented on this cabal market corruption).

The funny thing is that if the dollar and stock market keep going for 3 more days and gold is only allowed to advance $2 on those days, it will still be $330 bid and the gold derivative neutron bomb will go off anyway. The Gold Cartel is running out of time as well as ammo to keep “doing the dirty.”

Gold is only $3 away from closing in new high ground and has been cleaned up technically. Over 31,000 contracts of longs have been whittled away, based on the Comex open interest data.

The Comex floor wanted to see gold go out $325.50 bid, basis August, to set up a big move next week. We did not get that as Auggie went out at $325.30. Still, my guess is gold is going to bananas overseas one day and gap up $10, which should set off the gold bomb.

As far as silver goes, there is ONE big seller. Strangely enough, it has to be the biggest Comex long; I hear 15,000 contracts. This long rolls over his position every month, but legs into his trades. He sells going into first notice day (next Wednesday for the July silver contract) and then buys as the specs puke, or silver sells off. My guess is this is his way of paying for the silver contango. This BIG LONG has been there since the Buffet buying days and is a known market factor on a short-term basis. I am told that if he lets up, silver is going to fly. Since he probably will buy Decembers to replace the Julys he sold, it is only a matter of weeks that silver streaks MUCH HIGHER!

www.lemetropolecafe.com

[ThaiGuru]

The John Brimelow Report:

Indian ex duty premiums: AM ($0.80) PM ($0.52), with world gold at $323.80 and $323.20. Still below legal import level of course, but slightly stronger than yesterday, even though world gold was $3 higher.

Tocom had a spirited start, because of the higher NY close and because the Japanese Government was expected to weaken the yen. In the event, the authorities
delivered a much more egregious than usual Open mouth/Insert foot routine, with various Officials denying intervention had occurred, casting doubt on the effectiveness of intervention in principle, and asserting that the situation was dollar weakness rather than yen strength. (The latter of course is true, but it discouraged Tocom buying.) Open Interest fell the equivalent of 713 Comex contracts on limited
volume equal to 16,424 NY lots. (NY yesterday traded 42,783 contracts and OI rose 3170 contracts, suggesting the rise was not due to short covering as widely suggested.

Gold drifted around $323.50 in Europe, with many comments to the effect that further weakness in the dollar would be likely to cause a price increase. In the event, of course, the dollar slumped in NY, but gold could only rally an increase of another dollar, with notable volume increase as it tried to move up. Consequently this is a good day to point out that a paper by the Royal Bank of Canada’s Investment department constitutes the first endorsement by a mainstream institution of the http://www.lemetropolecafe.com/INDEX.HTML / GATA gold conspiracy theory.

With the stock market slump likely to precipitate more dollar weakness, (except perhaps in Japan, where intervention will very likely be provoked by the yen’s fall of over 2 yen since Tokyo’s close, gold’s friends can enjoy the weekend – next week could be pleasant.

A thought to contemplate is how the dollar and the US market will be viewed by the rest of the world when Israel deals with the suicide bombing problem by expelling the Palestinians from the West Bank, a very likely event in the opinion of this writer.

JB

[ThaiGuru]

http://www.nationalpost.com/financialpost/story.html?id={635…

Newmont stands to gain 10-bagger on triple gold deal
Merged company may also become a takeover target

Barry Critchley
National Post

A little over one week back, three gold producers, Echo Bay Mines, Kinross and TVX Gold, announced a three-way merger to create the world`s 10th largest gold company with annual production of two million ounces.

The news wasn`t much of a surprise, given the deal had been talked about for a few months; and the market had been expecting something, given the share prices of the three companies had moved up substantially over the period.

A lot had to come together before the three companies signed off on the transaction, which is being structured as a "plan of arrangement."

The three companies claim they all emerged as winners. One thing is for sure, the merged company -- the new Kinross -- will be of a sufficient size that it will attract a larger following, particularly among the institutional crowd.

And given the comments of Kinross chief executive Robert Buchan, the new Kinross, which he will run, may also become a takeover target -- given there aren`t many companies of its size in gold sector.

While shareholders of the new Kinross will have to wait some time to assess whether the merger has been successful, Newmont Mining has already made a substantial gain -- at least on paper. By some estimates the gain is in the 10-bagger range.

Newmont wasn`t saying much yesterday, other than the investment "has been good" with the gain "being a significant multiple of the original investment."

Newmont`s shareholders are in that position because about one year ago Franco-Nevada -- one of the three companies that merged to form the new Newmont earlier this year -- acquired US$72.4-million face value of capital securities issued by Echo Bay.

Those securities were issued in early 1997 and called for Echo Bay to pay an annual interest rate of 11%. One year later, Echo Bay deferred interest in the securities. The interest bill piled up, at the rate of 12% per annum, reaching US$64.2-million at the end of 2001.

It`s not known what Franco-Nevada paid for those securities. (The principal and accrued interest on Franco`s stake amounted to US$115.3-million.) But it wasn`t much given that the securities were trading at a substantial discount to their face value.

Unfortunately, historical information on bond prices isn`t readily available. (And Echo Bay`s capital securities didn`t trade that much.) One estimate has the capital securities trading above 25¢ on the dollar but below 50¢ on the dollar.

Neither Franco nor Echo Bay have made the price public though another source indicated the price was in the 30¢ on the dollar range. If true, then Franco paid around US$25-million.

After acquiring the large stake, Franco-Nevada`s position was clear: it approached Echo-Bay "to discuss a possible restructuring on a basis whereby holders of capital securities might exchange these instruments for common shares."

A couple of months later, an agreement was reached between Franco and Echo Bay whereby Franco would exchange its capital securities stake for Echo Bay common shares.

In that agreement, Franco also agreed to guarantee Echo Bay`s bank debt. (That agreement also included Kinross and Echo Bay. Kinross bought US$15.8-million face value of the securities. It made that acquisition before Franco.)

Certainly Franco was in the driver`s seat, given that it originally acquired more than half of Echo Bay`s outstanding issue of capital securities.

In the subsequent recapitalization, Echo Bay issued more than 361.6 million shares to holders of its capital securities. That meant the revitalized Echo Bay had 502.2 million shares outstanding. And holders of the capital securities owned 72% of the new Echo Bay.

Ultimately Franco ended up with 248.6 million Echo Bay shares -- 49.5% of Echo Bay`s float -- after selling some shares in the market. It took that action because it didn`t want to consolidate Echo Bay in its financial statements. It also didn`t want to control the company at the board level.

On Sept. 5, 2001, the day Echo Bay and Franco signed their deal, Echo Bay`s shares traded at US92¢. The shares fell by one-third the next day.

The firm`s shares then drifted lower for a period of time. But in line with the rise in gold prices and interest in the gold sector, the shares moved up and hit a high of US$1.31 earlier this month. (Echo Bay capitalized on that interest by selling 39.1 million units at US70¢ a share, a deal that closed last month.) They closed yesterday at US$1.18.

Newmont has agreed to vend in its 248 million shares into the new Kinross in return for a 14% stake in the merged company. Newmont is the largest shareholder in the new Kinross.

Based on yesterday`s closing share price, that stake is worth US$292-million. Of course, it hasn`t yet realized on that investment, and likely won`t for a while.

When the three-way merger was announced, Newmont indicated it will support the new Kinross, once the deal is finalized, and that it will be a committed shareholder.

© Copyright 2002 National Post

[ThaiGuru]

http://www.nationalpost.com/financialpost/story.html?id={1CD…

Agnico-Eagle foresees gold bull market
Increasing production: `We`re finding new interest from conservative money

Drew Hasselback
National Post

Saturday, June 22, 2002

Agnico-Eagle Mines Ltd., the operator of a mine on Canada`s largest gold deposit, yesterday told shareholders it believes prices have entered a new bull phase.

"We`re starting to hear people talk about a new bull market in gold. We`re finding new interest from conservative money," said Sean Boyd, chief executive, at the company`s annual meeting yesterday. "We`re bullish."

Agnico certainly craves a bull-run. The company has not had a profitable year since 1996, due in part to a stubbornly weak gold price. In the meantime, the company has been working to boost production at its LaRonde mine in Quebec.

Last year LaRonde produced 232,000 ounces of gold, and the company expects production to increase 45% this year. This comes as the price of gold has risen 14% in the year to date.

The company reported profit of $477,000 or 1¢ a share on revenue of $25.5-million in the first quarter ended March 31, compared with a profit of $498,000 (1¢) on revenue of $21.1-million in the same period last year.

The company has never hedged its production, and Mr. Boyd told shareholders the company has no intention of doing so.

"We have never given in to this. We won`t do it. We just won`t do it," he said to applause.

Hedging involves selling as-yet unproduced gold at a fixed price. It is designed to protect companies when prices are falling. But gold bugs hate it because it prevents hedgers from benefiting from the rise in the gold price.

Mr. Boyd told shareholders the company, which has paid dividends for 22 straight years, intends to continue that streak.

The LaRonde property is home to 8.5 million ounces in reserves and resources, and Mr. Boyd said the company is confident some exploration work in the deeper regions of the mine will allow the company to increase its stated reserves.

"This is much more to come. This mine has not hit full stride yet," he said.

Yesterday`s meeting marked a changing of the guard.

Paul Penna, founder, ran the company for 33 years before he died in 1996 at age 73. His death sparked speculation Agnico would be taken out, but the company remained independent.

Two directors who had been with the company since Mr. Penna`s tenure -- Milton Klyman and former chairman Charles Langston -- stepped down yesterday. James Nasso replaced Mr. Langston as chairman.

Three more long-serving directors -- George Pon, Irving Dobbs and Wencel Hubacheck -- will retire by Dec. 31.

They will not be replaced because the company is reducing is roster of directors to nine from 12.

© Copyright 2002 National Post

[ThaiGuru]

http://news.bbc.co.uk/hi/english/world/africa/newsid_2059000…


Saturday, 22 June, 2002, 17:24 GMT 18:24 UK

Tanzania suspends gem mining



The Tanzanian Government has suspended all mining in the north of the country after up to 42 miners died following the failure of a fresh air pump.
The disaster happened on Thursday at Mererani, near Mount Kilimanjaro - the only place in the world where the gemstone tanzanite is found.

Tanzanite is only found in the Mererani area

Daniel ole Njoolay, the regional commissioner for Arusha, said there would be no more mining in the area until all the bodies had been recovered. Fourteen have been retrieved so far.

The victims are about 125 metres (410 feet) underground and about 300 metres (985 feet) along a horizontal tunnel.

Mining officials said 32 miners were registered to work in the mine when the pump failed, but another 10 miners were believed to have died in an initial rescue attempt.

Hazardous mines

Correspondents say tanzanite mines are relatively primitive and lack proper safety equipment.

They say miners are usually young men who often remain underground while carrying out blasting.

They use oxygen pumps fitted with long hoses to pump air down into the mines.

The mines amount to little more than holes hundreds of metres deep and are notoriously dangerous.

In 1998 more than 50 people died after heavy rain flooded the mines.

The Mererani district is rich in deposits of tanzanite - a gemstone with a generally violet-blue hue which earns Tanzania about $8m annually on the world market.

[ThaiGuru]

http://globeandmail.com/servlet/RTGAMArticleHTMLTemplate/C/2…

POSTED AT 2:02 PM EDT Saturday, June 22


Conspiracy theorists see report as validation


By ANDREW WILLIS and CAROLINE ALPHONSO
From Saturday`s Globe and Mail


One of Canada`s most successful money managers, Royal Bank of Canada`s John Embry, has become the poster boy for gold bugs after endorsing the concept of a long-term central bank conspiracy to depress bullion prices.

In an eight-page report published on bank letterhead, and distributed yesterday by U.S. conspiracy theorists, Mr. Embry set out the case of a further rise in gold prices, a prediction made in part on "increasing evidence of unsustainable gold price manipulation."

The successful gold fund manger said "statistics suggest that real manipulation" of bullion prices began in 1995. Mr. Embry wrote: "Those with a vested interest in containing the price of gold — central banks, bullion banks, heavily hedged gold companies — will not die easily, but the tide is moving strongly against them."

Like most central banks, the Bank of Canada has been a consistent seller of gold in the past decade. Bank of Nova Scotia is among the world`s largest bullion banks, and Barrick Gold Corp. is the world`s largest hedger.

Mark Arthur, head of Royal Bank Investment Management Inc., said Mr. Embry`s report was done for internal use and "in no way reflects the views of Royal Bank."

Mr. Arthur described the paper as "a collection of various arguments for gold stocks" that was part of a larger discussion on asset allocation at the money manager.

Mr. Embry runs the Royal Precious Metals fund, which boasts $329-million in assets and a stellar one-year return of 156 per cent, compared with a 90-per-cent average performance by its peers. He was not available Friday.

The eight-year RBC veteran also helps to manage four other large funds. And as chairman of the bank`s Canadian equity and stock selection committee, Mr. Embry sets strategy for the $38-billion mutual fund family.

The theories endorsed by Mr. Embry have been pushed for years by groups such as Gold Anti-Trust Action Committee Inc. (GATA) of Dallas.

The premise is that central banks — mainly the U.S. Federal Reserve Board — stamp out any surge in gold prices to preserve confidence in the U.S. dollar. The idea is that rising gold prices mean a lack of confidence in the greenback, which they believe is the engine of U.S. economic imperialism.

Friday, GATA members trumpeted Mr. Embry`s report as validation of their claims, and said it showed that mainstream organizations are starting to acknowledge that central banks have rigged gold sales to depress the price of bullion.

"The establishment in the gold world is coming around to our central premise: That central banks and particularly the U.S. Treasury Department have been colluding surreptitiously and desperately to suppress the gold price and manipulate the gold market," Chris Powell, secretary and treasurer of GATA, told his members yesterday.

"Royal Bank has written a report that COMPLETELY ENDORSES all the GOLD PRICE-FIXING allegations of GATA," GATA member Ed Steers said in an e-mail. "I cannot overemphasize how huge a story this is!!!!"

GATA chairman Bill Murphy said RBC used information that his organization has been collecting for the past three years.

"As far as we`re concerned, it`s tremendous credibility," Mr. Murphy said in an interview. "It`s fabulous. It explains the gold industry in a way that you don`t hear from most established organizations."

When told that the views of Mr. Embry don`t necessarily reflect that of RBC, Mr. Murphy said: "When you have a report, you can be sure that the report can`t go out without the approval of Royal Bank itself. This is one of the most important reports ever written on the gold market. They understand the dynamics being played out."

Mr. Embry`s report, he said, gives "credibility" to gold bugs like himself, who believe the price of gold has been manipulated. Mr. Murphy added: "Most of the gold world thought we were idiots. It turns out we`re right."

Gold changed hands yesterday at $324.60 (U.S.) an ounce, up $1.40 cents on the day. The price has risen steadily from around $260 a year ago, after spending the better part of four years below $300.

Mr. Murphy predicted gold will hit $800 an ounce once the investment public understands how bullion prices have been manipulated.

[ThaiGuru]

http://www2.swissinfo.org/sde/Swissinfo.html?siteSect=143&ei…

Schweizer Zeit 01:27, Sonntag 23.06.2002

El Kaida droht offenbar mit neuen Anschlägen gegen US-Ziele

KAIRO - Das Terrornetzwerk El Kaida von Osama bin Laden plant nach Informationen des Fernsehsenders El Dschasira neue Anschläge gegen US-Ziele. El Kaida-Sprecher Suleiman Abu Gheith soll auf einem Tonband entsprechende Drohungen geäussert haben.

Der Sprecher kündigte gemäss dem arabischen Sender gleichzeitig an, Bin Laden und der Anführer der afghanischen Taliban, Mullah Omar, würden der Welt bald ein Lebenszeichen geben.

23.06.2002 01:12, SDA-ATS

[tamara93]

@ ThaiGuru betreff # 1069

kannst Du bitte auch den gesammten Wortlaut des Berichtes von John Embry hier veröffentlichen.

Danke

P.S. Ich bin gespannt, was die nächste Woche noch so alles passiert, wenn Gold die 330 durchbricht

[ThaiGuru]

@tamara93

Habe den Artikel bereits in diesem Thread gepostet, doch da seit dem Ueberschreiten des 1000sten Postings, der ganze volle Thread anscheinend nicht mehr geladen werden kann, veröffentliche ich den Wortlaut des Berichtes der Royal Bank of Canada, respektive deren Goldfund Division, auf Deinen Wunsch nochmals.

Dieser Bericht hat in Canada, und den USA, wegen seiner Brisanz, wie eine Bombe eingeschlagen, und war übers Wochenende in den dortigen Goldboards das Hauptthema überhaupt. Auch mehrere Presseorgane, CBS Marketwatch, The Globe and Mail Canada, etc., haben sich, und werden sich vermutlich diesem Thema nächste Woche noch annehmen, insbesondere desshalb, weil die Royal Bank sofort nach auftauchen dieses Berichtes bekanntgab, dass dieser Bericht zum Gold nicht für die Oeffentlichkeit bestimmt gewesen sei, (Man stelle sich das vor) und es sich angeblich "nur" um ein interne Studie handle, für deren Inhalt John Embry, des zuständigen Mannes von "The Royal Bank of Canada Global Investment Management" verantwortlich zeichne. Tatsächlich aber wurde diese Analyse, aus welchen Gründen auch immer, an die privat Investoren ihres Goldmutualfunds per E-Mail versandt.

Diese offizielle Verlautbarung der Royal Bank of Canada ist umso mehr verwunderlich, weil gleichzeitig die offizielle verbreitete Meinung der RBC zum Goldgeschehen als total Baerisch einzustufen ist.

Da hat doch kürzlich ein Investitionshaus in den USA, in einem Vergleich mit der Staatsanwaltschaft, "freiwillig" einen hohen US Dollar Millionenbetrag als Strafe bezahlt, wegen internen E-Mails in die richtige Richtung, und "bewust?" anderslautenden Empfehlungen an ihre Anleger-Kunden.

Bin mal wirklich gespannt, wie die RBC sich aus dieser Angelegenheit rauswinden will, falls sie das jetzt überhaupt noch kann. Auf dem Schleudersitz von John Embry möchte ich zur Zeit auch nicht unbedingt sitzen.

Falls Du, oder jemand der Thread Leser, diesen RBC Bericht zum Gold, der in etwa das Beste ist, was zum Goldgeschehen zu sagen ist, ins deutsche übersetzen könnte, und hier im Thread posten kann, nur zu, die Leser die noch nicht Englisch sprechen, wären vielleicht dafür sehr dankbar?

Gruss

ThaiGuru

[ThaiGuru]

RBC Global Investment Management Inc., a
division of Royal Bank of Canada, whose gold
mutual fund is among the best performing in
the world, has issued a report to private clients
that fully endorses GATA`s analysis of the
gold market and the world economy.

Don`t worry -- GATA hasn`t gone establishment.
To the contrary, the establishment in the gold
world is coming around to our central premise:
that central banks and particularly the U.S.
Treasury Department have been colluding
surreptitiously and desperately to suppress the
gold price and manipulate the gold market.

The RBC Global Investment Management report
seems to have been written by someone who has
been following GATA`s work closely, taking notes,
and checking out our assertions. It`s more evidence
that, because of your support, we`re making a big
difference for the gold cause.

The report was sent to GATA this week by an
intermediary and is appended here.

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

* * *

RBC GLOBAL INVESTMENT MANAGEMENT INC.
Report on Gold

Clearly, with gold stocks on a tear as the gold
price moves laboriously forward battling the
fervent attempts to suppress it, one must be
comfortable with the notion that the gold price
is going to overcome the forces that are aligned
against it. What is happening today is no different
than what was happening in the late `60s and the
very early `70s, when the Gold Pool was in
existence and the gold price was contained at
$35 per oz. by a consortium of central banks
that dumped a considerable amount of gold to
keep prices down. Today, instead of the overt
action of yesteryear, it is covert because the
market is allegedly free, and it has entailed a
different mechanism, which has resulted in a
humongous physical short position. In addition,
there has been an enormous amount of
derivatives piled on top, which could make the
ultimate upside explosion all the more spectacular.

So the question obviously is: "Will the gold rally
ever begin?" The following arguments emphatically
suggest that it will more than rally; it will explode to
the upside.

1.Unsustainable Supply/Demand Imbalance

Mine production has flattened out at 2,600 tonnes and
is beginning to fall due to a lack of exploration, falling
grade at many mines due to previous high-grading,
and the closing of older mines as they run out of ore.
It has been estimated by Beacon & Associates in an
exhaustive study that if gold prices were to remain
under $300/oz., production will fall in the neighborhood
of 25% over the next 5 to 7 years. Scrap supply tends
to average about 600 tonnes annually. Demand is
currently estimated to be roughly 4800 tons (primarily
jewelry) without any investment demand from the
Western world. The present deficit has been met by
direct central bank sales (roughly 400 tonnes per
year) and central bank leasing for mining hedges
and financial speculation.

2) Unsustainable Short Position

Central banks have ostensibly lent increasing
amounts of gold to earn interest on their reserves.
However, when one lends at an rate (less than 1%
generally), the question arises as to whether there
may be another motivation. As a rising gold price
stands as a direct repudiation of their alleged
responsible monetary policy, perhaps this is the
real reason they have been so aggressive in this
area. Bullion banks have borrowed gold from the
central banks for their own accounts and those of
various speculators, such as hedge funds and
financial institutions (the carry trade) and for
producers (mine hedging) and have used
derivatives to limit their risks and generate
additional income. The loaned gold has been
sold into the physical market and is now in jewelry,
primarily in the Middle East, India, and other parts
of the Far East. The size of the short position,
officially acknowledged to be more than 5,000
tonness by the bullion bank apologists, is thought
to be well over 10,000 tonnes and may exceed
15,000 tonnes. To put this in context, this constitutes
between one-third and one-half of all central bank
gold, and the vast majority of it is no longer
accessible.

3) Unsustainable Low Inflation

The gold price has a tendency to rise at the first
whiff of accelerating inflation. CPI inflation has been
unrealistically low due to the very strong dollar, which
has underwritten vicious foreign competition and
removed pricing power in many sectors. However,
in the final analysis, inflation is a monetary phenomenon
and the aggressive interest rate cuts and monetary
expansion to avoid recession/deflation is expected to
result in re-inflation. Year-to-date, the liquidity injection
is more than $1 trillion and MZM has grown by 16.5%
in the past year. To avoid debt default, the Fed must
err on the side of ease, virtually ensuring upside
pressure on the CPI. In addition, the "war on terror"
superimposed on Bush`s mammoth tax cuts and a
four-year government real rate of spending increases
that is the greatest since the `60s portends large U.S.
government deficits, yet another recipe for inflation.

4) Unsustainable U.S. Dollar

The U.S. dollar has been levitating for a long time,
but the underlying fundamentals continue to erode.
The U.S. current account deficit exceeds $400 billion
annually, and the continuation of this chronic deficit
turned the U.S. into the world`s largest debtor as
most of these deficits are being recycled into U.S.
debt instruments. However, foreign appetite for U.S.
securities appears to be ebbing and the chart on
the U.S. dollar looks very toppy . Gold is already in
a bull market in U.S. dollars, and an established bull
market in every other currency. If the reserve currency,
the U.S. dollar, falters, gold could well be launched
on the upside as people recognize its status as the
only "true currency."

5) Unsustainable Prices for Financial Assets

Western world investment demand will be the true
fundamental that drives gold much higher. Gold tends
to be counter-cyclical and investors buy it when financial
assets begin to lose credibility. Ownership and pricing
(P/E) of financial assets are at historic highs and if
inflation accelerates, the U.S. stock market is extremely
vulnerable. The ratio of the S & P 500 Index to the price
of gold reached an all-time high, by a considerable
margin, in 2000, but this parabola have been broken
and a downward trend is in effect. At the margin, if a
small amount of money is moved from financial assets
into gold, the price effect on gold will be dramatic and
the ratio will continue to move in gold`s favor.

6) Increasing Evidence of Unsustainable Gold
Price Manipulation

a. Aggressive gold lending, which from an economic
perspective is indefensible, has filled the
supply/demand gap.

b. NY Fed gold has been mobilized when the gold price
is rising.

c. Timing of Exchange Stabilization Fund gains/losses
corresponds to gold price movements.

d. Audited reports of U.S. gold reserves show unexplained
variances.

e. Minutes of Fed meetings confirm officially denied gold
swaps.

f. Rules on gold swaps revised but subsequently denied.
However, individual central banks have repudiated the
denial.

g. U.S. gold reserves have recently been re-designated
twice, initially to "custodial gold" and latterly to "deep
storage gold."

h. Statistical analysis of unusual gold price movements
since 1994 indicate high probability of price suppression.
The invalidation since 1995 of Gibson`s Paradox -- that
gold prices rise when real interest rates fall -- suggests that
the real manipulation began then.

i. NY gold price movements versus London trading defy
odds.

j. Timing of huge increases in bullion bank gold derivatives
is consistent with gold price declines.

k. Rapid decline in U.S. Treasury holdings of gold-backed
SDR certificates is not explained.

One or two of these factors could be viewed as random, but
the full body of evidence is overwhelming.

It would appear that gold is beginning to be viewed as
money again. Gold is the only monetary asset that doesn`t
represent somebody else`s liability, and with U.S. real
short-term interest rates now in negative territory, there is
no disadvantage in holding gold. Those with a vested
interest in containing the price of gold -- central banks,
bullion banks, heavily hedged gold companies -- will not
die easily, but the tide is moving strongly against them
and the embedded short positions could catapult the
gold price higher while imperiling the future of those
holding the short positions.

The great rallying cry of the bears is the mobilization of
even more central bank gold to the tide. Recently, Ernst
Welteke of the Bundesbank has spoken publicly of the
Germans selling gold after the initial Washington
Agreement limiting European central bank gold sales to
400 tonnes per year expires in late 2004 with the intention
of redeploying into stocks and bonds. Formerly,
commentary and action of this sort by central banks (the
announcement of Swiss sales, the initiation of English gold
auctions, etc.) devastated the gold market but this elicited
little more than a yawn. An astute gold analyst in South
Africa postulated the reason why, perhaps. There are
strong rumors that Deutschebank has borrowed an
enormous amount of gold (more than $10 billion worth)
from the Bundesbank over the years to facilitate the
carry trade, producer hedging, etc. and it is becoming
apparent that there is no way they will be able to pay it
back. Perhaps, to make good on their gold loans, they
will reimburse the Bundesbank with stocks and bonds
and Mr. Welteke is readying the German public for
with his statements.

In addition, there are enormous dollar reserves building
up in the Far East, particularly in China, and the Far East has
acknowledged being significant buyers of gold. So the flow
of central bank gold is not only one-way. Even the Russian
Central Bank is on the buy side. The shibboleth of central
bank sales will undoubtedly be trotted out again, but it is
losing its sting, particularly if the possibility that as much
as half of all the central bank gold may already be in the
market starts to become more widely recognized.

In addition, in the `70s, when gold was rising sharply in
price, central banks, after having been heavy sellers at
$35/oz., sold little or none at higher prices. Central bankers
are no different than the momentum players; if the price is
rising, they are more likely to be buyers than sellers.

One last observation concerns the gold share price action
prior to the explosion of gold prices in the `70s. Then, as
now, gold stocks rose to prices that made no sense to
observers who had a static view on gold prices, but the
stock buyers knew that sharply higher gold prices were
inevitable. I suspect that is the case today, particularly
when one examines the foregoing evidence.

7) Gold Stocks

Gold stocks are perceived by many to expensive, but, in
fact, they are considerably cheaper than they were in the
late `90s. The central banks` overt attempts to bring the
gold price down (Swiss sales, British auctions, etc.) at
that time removed the premium in gold shares and it is
now gradually being restored as confidence returns to
the sector. In fact, if the gold prices were to rise sharply,
I would not be surprised if the price to NAV continued to
rise due to a shortage of viable gold stocks.

-END-

[GSoros]

@ Thai Guru

Wie wäre es mit einem Thread "Gold-Preis ! Informationen und Gerüchte, Teil II".

Ich finde es schade wenn Informationen wegen der Größe
des Threads verloren gehen. Viele Artikel bleiben doch über
lange Zeit aktuell und relevant.
Denk mal drüber nach.

Danke und Gruss

George

[tamara93]

@ ThaiGuru

Danke!
Das mit dem Übersetzen kann ich leider nicht leisten.

[siam123]

@all,

würde gern Eure Hilfe in Anspruch nehmen .

Gold oder Silber (Minen) ? und dann welche ?

Anlagehorizont ca. 12-24 Monate .


Schönen Sonntag ,

mfG ,

siam123

[ThaiGuru]

@GSoros

Danke Dir für Deinen Vorschlag

Wenn wir einen Goldpreis von 340.- Dollar pro Unze erreicht haben, werde ich einen neuen Thread eröffnen.

Gruss

ThaiGuru

[Jompahban]

@ThaiGuru,

ich möchte mich mal bei Dir bedanken für die Mühe, die Du Dir hier gibst uns alle informiert zu halten. ich finde es einfach toll, wie Du alle relevanten Artikel researchierst und hier reinstellst, ohne einzelne Werte zu puschen. Weiter so.

[ThaiGuru]

Diese Meldung dürfte die Dominion Mining Aktienbesitzer besonders freuen.

Gruss

ThaiGuru



http://afr.com/companies/2002/06/24/FFXH18FTR2D.html

Challenger gold to roll in September

Jun 24

Chris Milne

Dominion Mining expects to begin gold production from its new Challenger mine in South Australia`s Gawler Craton by the end of September.

It will be the first significant gold mine in the state since the Tarcoola fields were discovered in 1893. They produced about 95,500 ounces, flourishing from 1901 to 1912, and were spasmodically mined until 1989.

South Australia`s Primary Industries and Resources Department said on Friday that Challenger was destined to become the state`s biggest pure gold mine - leaving aside the major gold production associated with WMC`s Olympic Dam copper-uranium operation.

Dominion`s managing director, Peter Alexander, said yesterday that the
$17 million project was 60 per cent complete.

The 78-person accommodation village for the fly-in, fly-out operation had been completed at the site, about 250km north-east of Ceduna and about 165km west of the Stuart Highway, Mr Alexander said.

A new access road from the Stuart Highway was open, plant foundations had been completed and pre-stripping work for the initial open-pit mine had begun.

Dominion is transferring a gold processing plant from Mount Monger in Western Australia for the operation.

Mr Alexander said Dominion expected the open pit to yield about 105,000 ounces of gold in the first 20 months.

A drive would then be constructed to gain access to the underground resource, estimated at 345,000 ounces.

However, this was expected to be upgraded by further exploration.

Drilling to convert the underground resource to a mineable reserve would begin during the next quarter.




--------------------------------------------------------------------------------

[ThaiGuru]

http://www.news24.com/News24/Finance/Markets/0,4186,2-8-21_1…

23/06/2002 17:57 - (SA)

Rand, gold, new indices in focus

Andile Ntingi

Johannesburg - The JSE Securities Exchange is expected to track moves in the gold price and the rand next week as investors brace for the introduction of new FTSE-related free float stock indices.

The equity market will also take the lead from US equities, economic data and corporate earnings reports for further direction, traders said on Friday.

"The role of the gold price in conditions like these should not be underestimated ... If the gold price moves slightly up, sentiment by foreigners towards our market improves dramatically," said Andre Joubert, chief investment officer at Fairheads Asset Management.

US equity markets have come under pressure recently following a slew of dim corporate forecasts, many from technology companies.

While this has pulled down the tech-related component of the JSE, dollar weakness and Middle East violence has boosted the bullion market and helped the gold index.

"I think people will be looking more closely to the US because there is increasing concern about the extent of the recovery, and we have seen a lot of profit warnings coming through," said Kevin Brady, head of trading at Investec Securities.

"That will probably put the dollar under pressure, and help the gold price," he added.

Traders said rand-hedge stocks like Anglo American and Sasol would also be closely watched if the rand continued its volatile mood, which saw it this week strengthening to 10.10 against the dollar, and then dropping to 10.75.

New indices

The JSE Securities Exchange, which switched to the London Stock Exchange`s SETS trading system last month, will on Monday adopt new indices based on free float as part of its quest to woo foreign capital and boost liquidity.

"One thing about the new indices is that they are free float weighted and that is a new principle for the SA market. People are going to be cautious in order to see what they look like, but activity may pick up afterwards," a trader said.

Traders said there had already been active trade in the stocks affected by the changes but more adjustment, particularly by passive index funds, could be expected.

"So there will probably be some funnies," cautioned the head of trading at one large brokerage.

Traders said producer inflation figures due on Wednesday would have little impact on the equity market as investors have already priced in the rising domestic inflation.

The market would also monitor earnings reports on Tuesday by media group MIH and telecommunications firm Johnnic Holdings.

[ThaiGuru]

http://www.smh.com.au/articles/2002/06/23/1023864528646.html

Global miners chase Aussie gold

June 24 2002

Foreign control of Australia`s gold sector is nearing 60 per cent - and rising, writes Jane Counsel.

Highway Robbery and the Great Gold Swindle are just some of the colourful terms being used to describe the sell-off of Australia`s $5.5 billion gold industry.

In a little over a year, foreign control of Australia`s gold sector has jumped from 30 per cent to 60 per cent - and is yet to show any sign of stopping.

Canadian miner Placer Dome`s $2 billion bid for AurionGold, if successful, will push foreign control of the sector out to 70 per cent, according to industry statistics group Surbiton Associates.

And despite the community uproar that Royal Dutch/Shell Group`s hostile bid for Woodside Petroleum sparked a year back, the great gold robbery has happened with hardly a murmur of protest.

The gold industry may generate more than $5.5 billion in exports annually but the Treasurer, Peter Costello, has made it clear that the same national interest argument doesn`t apply to the sector. His decision to prevent Shell from acquiring Woodside was about protecting a major gas resource at the North-West Shelf off Western Australia.

And although there may be some job losses and an increasing amount of profits spent offshore, Costello and many other market observers don`t appear to see any problems with the gold industry falling into foreign hands.

"I don`t think it`s the same issue. It`s not like the North-West Shelf where you had the risk of major infrastructure not being duplicated," said Darko Kuzmanovic, vice-president of equities at Deutsche Asset Management.

The argument is that foreigners are buying our gold companies because they want to diversify their global assets and hence it`s in their best interests to see new deposits and mines developed in Australia. But others disagree. They argue that it`s this very complacency from both government and the investment community which is allowing the industry to be sold off so cheaply.

The gold industry`s ever declining size as a percentage of the overall equities market, along with its failure to consistently deliver strong returns on shareholder funds, has not endeared the sector to the big institutional investors.

And whatever interest they may have had in gold equities was all but killed off during the dot com boom of 1998-2000, where the type of returns delivered by overinflated share prices better suited the investment market`s short-term focus.

"Everybody hates resources from an investment sense because they`ve all been burnt," said Warren Staude, joint principal of resource-focused Action Management Fund. "[But] that`s the problem because they can`t look far enough ahead."

The recent rise in the gold price to a near six-year high of $US326 an ounce has reignited some support - but the cynics argue it`s too little, too late.

An overriding need for global consolidation has been a key driver of the takeover activity in Australia. But ironically, as Surbiton Associates` Sandra Close points out, "the benefits flowing from rising prices and increased profits will not flow to Australian investors".

The long-term lack of investor support in the sector has seen the share prices of major gold producers wallow which, when combined with the weak dollar, has made them cheap targets for foreigners - particularly for the North American miners, whose share prices trade at a hefty premium over their Australian peers.

In many cases, foreigners have been able to offer their scrip at significant premiums, without having to add a single cent of cash to win over Australian shareholders.

And while foreign miners have long seen the potential, it`s only recently that the local investment market has come to recognise the strategic value of Australian gold assets. That value really came to light during the hostile battle for Australia`s largest miner, Normandy Mining, earlier this year.

Most analysts were stunned by the $4 billion which Newmont Mining ended up paying for Normandy after trumping several earlier offers from AngloAmerican.

That`s because Normandy had failed to attract a valuation of even half that amount from the local investment community before the bidding duel.

Although the premiums being paid for our major goldminers may be good news for long-suffering shareholders, it`s the spending of future exploration dollars in Australia where the critics argue that higher foreign control will be most noticeable. Due to low levels of investment, exploration spending has been in sharp decline in recent years.

Although the trend has turned in recent months due to the gold price surge, in the past five years exploration spending has dropped by 50 per cent to $350 million.

And for global companies such as Newmont and Placer, future exploration spending in Australia will have to compete for funds with the rest of their worldwide portfolio. This means that those companies may only focus on known targets around existing mines or allocate spending in a country like Australia, depending on where it sits on the list of their international priorities.

"A large company is only going to explore where it thinks it`s going to get the best bang for its exploration dollar," Mr Staude said.

Exploration aside, the gold industry is also a big spender on infrastructure and development and, according to the most recent numbers, spent around $4.59 billion in Australia in 2001.

But on the other side of the ledger, others would argue that foreign interests such as Newmont and AngloGold are pouring a lot of money into the Tanami Desert, Australia`s latest exploration hotspot.

[ThaiGuru]

http://www.financialexpress.com/fe_full_story.php?content_id…

Gem Export Council To Set Up India International Jewellery Institute

Kumarkaushalam

New Delhi: The Gem & Jewellery Export Promotion Council (GJEPC) is in the process of setting up the India Internationl Jewellery Institute, which will train Indian jewellers to acquire international manufacturing and designing skills. The institute will entail an investment of Rs 16 crore and will be jointly funded by the Government of India, GJEPC and exporters.
Says Mr Sanjay A Kothari, chairman, GJEPC: ‘‘The India International Jewellery Institute should be ready before the beginning of the next academic year 2003-04. It’s a part of our strategy to move up the high-end of global jewellery business by focusing on the new concepts in design and manufacturing.’’

The India International Jewellery Institute is expected to provide high-end competitiveness to the jewellery exporting community. Currently, the industry is aided by five training centres — Jewellery Product Development Centre — which were set up in the early 90s in different parts of the country.

According to GJEPC, India is the world’s largest cutting and polishing centre for diamonds, accounting for 55 per cent in terms of value, 80 per cent in terms of volume and 90 per cent in terms of pieces.

Says Mr Kothari, ‘‘GJEPC has decided to focus on jewellery, which currently accounts for five per cent of global exports at $1.1 billion. Out of the overall exports of $10 billion, we expect jewellery to account for $2.2 billion in 2005-06.’’ For fiscal 2002-03, GJEPC expects the export of gems and jewellery to rise 10 per cent to $8.2 billion.

GJEPC has also enhanced its advertising, promotion and trade-delegation budget to Rs 4.5 crore in 2002-03 from Rs 3.5 crore in 2001-02. Considering the personalised nature of the business, GJEPC will undertake specific promotional measures in the exports market.

GJEPC is expected to intensify its interactions in new markets like China, CIS and Latin America (where gems and jewellery are routed through the US). One of the major marketing programmes of the GJEPC is India International Jewellery Show, which is held once a year. This year the exhibition is being held in Mumbai during July 19-22, 2002.

Speaking to The Financial Express on the sidelines of a press conference, Mr Kothari said the India International Jewellery Show 2002 is expected to attract a record number of 300 exhibitors — already the four-day event has got 270 confirmed bookings.

‘‘The show has grown in popularity — from 25 exhibitors in 1985, it jumped to 150 last year. ‘This year we expect the number of exhibitors to double,” he adds.

[ThaiGuru]

Von Gold und Silber als alternative Geldanlage, schreibt die FAZ in ihrem heutigen Artikel zwar "noch" gar nichts, als ob es Gold und Silber gar nicht gäbe, doch ein ganz düsteres Bild für die Zukunft der Wirtschaft, kann man wohl schon mal aus dem Bericht herauslesen.

Als ich selbst vor 4-5 Monaten sowas in dieser Richtung geschrieben habe, wurde ich noch von Kritik im WBoard fast zerrissen, heute sind meine Kritiker etwas vorsichtiger, und vor allem weniger Zahlreich geworden.

Gruss

ThaiGuru



http://www.faz.net/IN/INtemplates/faznet/default.asp?tpl=faz…



Der Resignation folgt die Kapitulation

Brasilien wird zum Brandherd / Der Bericht vom internationalen Finanzmarkt / Von Folker Dries


NEW YORK, 23. Juni. Die Händler in den Banken sehen auf ihren Bildschirmen fast nur noch rot. Rund um den Globus scheinen die Kurse aller Wertpapiere, die nicht mit der Rückzahlungsgarantie eines westlichen Industriestaates versehen sind, auf Talfahrt zu sein. Die Risikoabneigung der Anleger steuert damit auf einen neuen Höhepunkt zu. Selbst Aktien und Anleihen aus aufstrebenden Märkten (Emerging Markets), die bis vor einigen Wochen noch von vielen Investmentbanken als eine der vielversprechendsten Kapitalanlagen für 2002 angepriesen wurden, stehen plötzlich unter Abgabedruck. Mit Brasilien, dem größten Schuldner Lateinamerikas, gibt es einen neuen Brandherd, der auch auf andere Schwellenländer übergreifen könnte.

Brasiliens Währung ist am Freitag auf ein Rekordtief gefallen.

Investoren fürchten, daß sich bei den Präsidentenwahlen im Oktober mit Luiz Inacio Lula da Silva der Kandidat der linksgerichteten Arbeiterpartei durchsetzt. In den Umfragen liegt er gegenüber dem Kandidaten der Regierungspartei klar vorn. Ein Präsident Lula könnte trotz gegenteiliger Beteuerungen die weitere Bedienung der Staatsschuld in Frage stellen, fürchten Analysten. Doch auch unabhängig vom Ausgang der Wahl wächst die Gefahr, daß die Zahlungsunfähigkeit des lateinamerikanischen Landes zu einer sich selbst erfüllenden Prophezeiung wird. Denn Brasilien, dessen öffentlicher Schuldenberg von 280 Milliarden Dollar eine ungewöhnlich kurzfristige Laufzeitenstruktur hat, ist der Zugang zum privaten Kapitalmarkt quasi verwehrt.

Die Risikoprämien für brasilianische Schuldentitel sind in den vergangenen Tagen dramatisch angestiegen. Dies hat auch vielen europäischen Privatanlegern herbe Kursverluste beschert, da Brasilien regelmäßig D-Mark und später Euro aufgenommen hat. Die Anleihen werden teilweise nur mehr für 50 bis 60 Prozent ihres Nominalwertes gehandelt.

Nach einem einschlägigen Index von J. P. Morgan weisen die Schuldverschreibungen Brasiliens inzwischen einen durchschnittlichen Renditeaufschlag (Spread) von 1730 Basispunkten gegenüber amerikanischen Staatsanleihen auf. Noch vor einem Monat waren es lediglich 1000 Basispunkte, also 10 Prozentpunkte. Nur mehr Fremdwährungsanleihen Argentiniens bieten derzeit noch höhere Spreads. Und Argentinien hat bekanntlich den Schuldendienst schon eingestellt. Anders als noch während der Argentinien-Krise haben auf Emerging Markets spezialisierte Investoren jetzt nicht mehr die Nerven, über den neuen Brandherd hinwegzuschauen.

Selbst die Schuldverschreibungen Rußlands und Mexikos, derzeit die beiden Vorzeigenationen unter den aufstrebenden Volkswirtschaften, gerieten in der vergangenen Woche unter Verkaufsdruck.

Die Dünnhäutigkeit der Anleger hat freilich gute Gründe. Ausgehend von Amerika, dessen Konjunkturdaten zuletzt weniger überzeugend ausfielen, wachsen die Zweifel an der Nachhaltigkeit des Aufschwungs der Weltwirtschaft. Kein anderes Phänomen spiegelt die Vertrauenskrise der Anleger so gut wider wie die Entwicklung der Weltwährung Dollar.

Gegenüber dem Euro ist der Greenback in der vergangenen Woche auf das tiefste Niveau seit mehr als zwei Jahren gefallen. Ein Euro wurde am Freitag für etwas mehr als 97 Cent gehandelt. Und viele Händler sind sich inzwischen sicher, daß sich die letztmals im Februar 2000 gesehene Parität von Dollar und Euro binnen weniger Wochen einstellen wird.

Amerikas Leistungsbilanzdefizit ist im ersten Quartal auf den Rekordwert von 112,5 Milliarden Dollar angestiegen. Nie zuvor war Amerika damit so sehr auf den Import ausländischer Ersparnisse angewiesen. Doch wenn die ausländischen Anleger das Gefühl bekommen, daß Amerikas Wirtschaft ihren strukturellen Vorsprung gegenüber dem Rest der Welt eingebüßt hat, ebben diese langfristigen Kapitalzuflüsse ab. Und genau dies scheint derzeit der Fall zu sein, wobei die plötzliche Dynamik der Dollar-Abwertung schon überrascht.

Zur Genugtuung besteht in Europa freilich kein Anlaß. Die Hoffnung, daß der europäische Aktienmarkt von diesem Exodus aus der Wall Street profitiert, erweist sich bisher als Illusion. Die Investmentstrategen der Banken raten ihrer Klientel zwar schon seit Monaten, amerikanische Aktien unterzugewichten und sich dafür stärker in Europa und Asien zu engagieren. Zumindest die kontinentaleuropäischen Börsen haben davon aber noch nicht profitieren können. Der Deutsche Aktienindex und der französische CAC-40-Index sind seit Jahresbeginn sogar schon um 18 Prozent gefallen.

Die Einbuße des S&P 500, des Leitindexes der Wall Street, stellt sich dagegen auf 14 Prozent. Und der Dow-Jones-Index schmolz sogar nur um knapp 8 Prozent ab.

In Anbetracht der Wechselkursveränderungen haben europäische Anleger zuletzt gleichwohl gut daran getan, amerikanische Wertpapiere zu meiden.

Zu einer Stabilisierung des Dollar wird es nach Meinung vieler Experten erst kommen, wenn auch die Wall Street ihr Tief überwunden hat. Und dieses Tief wird sich vielleicht schon in den nächsten Tagen einstellen. Marktveteranen wittern eine regelrechte Kapitulation der Anleger, eine Ausverkaufswelle mit außergewöhnlich hohen Umsätzen.

Selbst Anlageguru Barton Biggs von Morgan Stanley, sonst ein notorischer Skeptiker, rechnet inzwischen mit einer Rally, die die großen Aktienindizes in Europa und Amerika um 15 bis 20 Prozent klettern lassen wird.
Die zuletzt so sehr gebeutelte TMT-Gruppe (Technologie, Medien und Telekommunikation) werde dabei überdurchschnittlich zulegen.

Biggs erinnert daran, daß der Nasdaq inzwischen stärker gefallen ist als der Dow-Jones-Index von 1929 bis 1932 und auch stärker als der japanische Aktienmarkt seit seinem Hoch von 1989. Beiderseits des Atlantiks seien Aktien inzwischen deutlich unterbewertet.

Die angebliche Unterbewertung der Aktienmärkte beruht freilich auf Gewinnprognosen, denen Anleger mit wachsender Skepsis begegnen.

Ob Nokia, Apple, Advanced Micro Devices oder Oracle - die jüngsten Zwischenrufe aus den Unternehmen sind noch nicht dazu angetan, den nächsten Bullenmarkt einzuläuten.

J. P. Morgan Index für Staatsanleihen¹) Anlageerfolg in lokaler Währung(4)) Land: Rendite Rest- Vor- Vor- Vor- Index in Proz.²) laufzeit³) woche monat jahr 21.6. Australien 5,78 5,25 0,19 2,02 5,27 447,583 Belgien 4,99 7,24 0,02 1,52 6,00 314,357 Kanada 5,31 9,49 0,11 1,99 7,86 372,141 Dänemark 5,04 6,09 0,13 1,43 5,41 363,419 Frankreich 4,91 7,30 0,06 1,51 5,52 339,873 Deutschland 4,91 7,85 0,08 1,57 5,24 255,330 Italien 5,14 8,53 0,13 1,59 6,31 507,208 Japan 0,92 6,07 0,24 0,60 0,90 215,245 Niederlande 4,97 7,69 0,08 1,60 5,65 272,614 Spanien 5,02 7,63 0,06 1,52 6,16 450,521 Schweden 5,31 5,80 -0,02 1,48 5,07 406,179 Großbritannien 4,96 11,54 0,15 2,17 6,66 389,142 Vereinigte Staaten 4,92 9,52 0,26 2,55 8,01 312,882 Gesamtindex 3,88 7,97 0,18 1,60 5,11 304,520

Anlageerfolg in Euro(5)) Land: Vor- Vor- Vor- Index woche monat jahr 21.6. Australien 0,49 0,08 2,73 457,870 Belgien 0,02 1,52 6,00 320,290 Kanada -0,47 -2,60 -4,95 407,662 Dänemark 0,19 1,51 5,73 370,015 Frankreich 0,06 1,51 5,52 343,475 Deutschland 0,08 1,57 5,24 255,330 Italien 0,13 1,59 6,31 378,584 Japan 0,32 -2,54 -8,92 276,143 Niederlande 0,08 1,61 5,65 272,193 Spanien 0,06 1,52 6,16 362,195 Schweden 1,08 2,80 6,44 323,594 Großbritannien -0,52 -0,31 -0,39 398,017 Vereinigte Staaten -1,88 -2,83 -4,86 402,531 Gesamtindex -0,42 -0,98 -1,91 336,493

¹) Bei dem Index handelt es sich für jedes Land um einen gewichteten Durchschnitt von Anleihen mit breitem Markt. Der Index ist berechnet auf Basis 100 = 31. Dez. 1987. ²) Renditen im Durchschnitt der jeweiligen Anleihen auf Verfall. ³) Im Durchschnitt der jeweiligen Anleihen. (4)) Der Anlageerfolg in lokaler Währung berücksichtigt Zinseinnahmen und Kursveränderungen. (5)) Der Anlageerfolg in Euro berücksichtigt zusätzlich Währungsveränderungen.

Frankfurter Allgemeine Zeitung, 24.06.2002, Nr. 143 / Seite 27

[ThaiGuru]

Dieses Posting mit einem anscheinend am 22. Juni 2002 publizierten Bericht in der Frankfurter Allgemeinen Zeitung, mit dem bereits schon "Verschwörungstheorie" verdächtigen Titel: "Zeitbombe am Future Markt", habe ich im Rumor Mill News Reading Room Forum vorgefunden.

Gruss

ThaiGuru



http://www.rumormillnews.net/cgi-bin/config.pl?read=20483

FAZ 22.6.02

FAZ: "TIME BOMBS AT FUTURE MARKETS"

WIESBADEN, June 22

"TIME BOMBS AT FUTURE MARKETS" READS
THE HEADLINE OF THE "VIEW FROM ZUERICH" COLUMN IN FRANKFURTER Allgemeine Zeitung on on June 22.

Switzerland financial expert Heinz Brestel reports, that the ongoing stock market crash has been the top issue at the supervisory board meeting of a large Swiss life insurance company this week.

Every single day, the property, which the insurance company
has invested on behalf of its clients, has been shrinking further.

The yields that the insurance company had promised its clients, are now completely unrealistic.

We have become "prisoners of the stock markets,"
stated the chief executive of a Swiss insurance firm.

Under such circumstances, states Brestel, financial
institutions are "feverishly looking for rescue instruments."

This means, they are going into the derivatives markets, and therefore, "the hedging business is booming like never before."

The banks as well are now heavily entering the derivatives market to hedge their credit risks. However, "nobody raises the question, what happens, if some day the counterparty, supposed to cover the risk, is itself no longer able to pay?"

Such counterparty failures on the derivatives markets
already happened some years ago in Hong Kong and London.

But, today, the derivatives volume is much larger,
provoking some people to start talking about a "quite high systemic risk" involved in the credit derivatives.

"Financial supervisors have started to deal with the
problem of possible time bombs at the derivatives market."

[ThaiGuru]

Empfehlung "STRONG READ"

Gruss

ThaiGuru



Changing Preferences:

The Velocity of Money & The Short Seller`s Nightmare - Part 2

by James J. Puplava

http://www.financialsense.com/stormwatch/update.htm

[ThaiGuru]

Für diejenigen Leser/Investoren, die viel Zeit zum lesen haben, oder einfach nicht schlafen können!

Gruss

ThaiGuru



http://www.financialsense.com/metals/main.htm

***



http://www.financialsense.com/resources/buffett.htm

***



http://www.financialsense.com/stormwatch/main.htm

[ThaiGuru]

[ThaiGuru]

Gerade in diesem Moment hat Gold wieder die 325.- US Dollar pro Unze erreicht!

Gruss

ThaiGuru

[niemandweiss]

jauu und gleich sind wir bei 326 UDS

325,90 +1,25 +0,39% Symbol: GLD.FX1 24.06. 02:44

[Tippgeber1]

schon 326,80 UDS

es scheint ziemlich schnell auf die 330 USD zuzulaufen.

Dann erst folgt die Entscheidung, ob es weitergehen wird.



Gruß

Tippgeber

[Bachforelle]

@ThaiGuru

auch hier:


@all

es wird deshalb keinen goldstandard geben, weil das "bestreben" der staatenlenker darin besteht, ihre politischen unfähigkeiten durch die jeweiligen bürger finanzieren zu lassen. ob durch inflation oder deflation ist egal! mit einem goldstandard würde diese zeit des betruges vorbei sein. übrigens ist es ja das bestreben der internationalen politik, mehr und mehr ihrer so "heißgeliebten" bürger zum verkauf der nicht beliebig vermehrbaren ware gold zu bringen. in diesem zusammenhang achtet mal alle ehrlich darauf, dass man fast immer nur davon hört, welche zentralbank ihr gold gerade verkauft. und wer kauft!?? bsp. verkauft ja nun schon länger die schweiz jeden tag eine tonne an ...? aha, und der goldpreis...?!!

B.

[ThaiGuru]

@alle

Die gute alte thailaendische Telefongesellschaft hat mir heute unerwartet das Telefon abgestellt. Meine Rueckfrage ergab, dass ich noch einen ausstehenden Rechnungsbetrag von 107.- Thaibath habe. Das sind etwa 2.50 Euro.

Morgen soll mein Telefon wieder aufgeschaltet werden.

Heute darum etwas ungewohnt, aus einem thailaendischen Internetcafe.

Gruss

ThaiGuru

[ThaiGuru]

http://www2.swissinfo.org/sde/Swissinfo.html?siteSect=143&ei…

Schweizer Zeit 17:21, Montag 24.06.2002

Ringen um höhere Löhne auf dem deutschen Bau geht in neue Runde

FRANKFURT - Eine Woche nach Beginn der ersten Streiks im Baugewerbe seit gut 50 Jahren sind die Tarifpartner am Montag an den Verhandlungstisch zurückgekehrt. Die Gespräche wurden in Wiesbaden aufgenommen, wie die IG BAU und der Arbeitgeberverband mitteilten.

Ein neues Angebot der Arbeitgeber lag nach Angaben eines Sprechers nicht vor. Um den Druck zu verstärken, weitete die Gewerkschaft ihre Streiks massiv aus. Mit Beginn der Frühschicht traten laut IG BAU mehr als 30 000 Arbeiter auf rund 2460 Baustellen in den Ausstand.

Damit beteiligten sich rund 10 000 Bauarbeiter mehr an den Aktionen als in der vergangenen Woche, als die ersten flächendeckenden Streiks auf dem Bau in der deutschen Nachkriegsgeschichte begonnen hatten.
Die Baugewerkschaft fordert eine Lohnerhöhung um 4,5 Prozent für die Beschäftigten. Die Arbeitgeber hatten zuletzt ab September 3 Prozent und ab April nochmals 2,1 Prozent mehr Geld geboten. Der Sprecher der Arbeitgeber bekräftigte den Willen zur Einigung. Er betonte, die neuen Gespräche fänden in einer guten Atmosphäre statt.
Bei der Deutschen Telekom liefen unterdessen Warnstreiks an. Nach Angaben der Dienstleistungsgewerkschaft ver.di legten rund 2000 Beschäftigte die Arbeit nieder. Dadurch wurden auch die Telefonauskunft und die Einrichtung von Anschlüssen behindert.
Die Verhandlungen bei der Telekom gehen am Donnerstag und Freitag in eine neue Runde. Die Gewerkschaft verlangt für die Telekom-Beschäftigten 6,5 Prozent mehr Geld. 241644 jun

24.06.2002 16:45, SDA-ATS

[ThaiGuru]

Da will irgend jemand wohl nicht, dass Gold heute weiter steigt?

Warum auch sollte Gold heute steigen, wo doch alle Boersen dieser Welt sich in einem gewaltigen Aufwaertstrend befinden, die Wirtschaft blueht, der Dollar immer staerker wird, Amerika gerade den groessten Wirtschaftsaufschwung dieses Jahrhundert begonnen hat, Argentienien vor lauter Auftraegen nicht mehr mit der Produktion nachkommt, und die Japanischen Banken gerade Minus-Zinsen eingefuehrt haben, damit nicht mehr soviele Sparer ihr Geld bei den Banken anlegen.

Disclaimer: Obiger Abschnitt ist ironisch gemeint!

Gruss

ThaiGuru

[Tippgeber1]

@ThaiGuru im Internetkaffee

das mit den 2,50€ ist wirklich gut


Gruß

Tippgeber

[ThaiGuru]

http://www.jsonline.com/bym/news/ap/jun02/ap-dollar-gold0624…

Dollar Falls; Gold Rises in Europe

Associated Press

Last Updated: June 24, 2002 at 10:49:00 a.m.

LONDON - The U.S. dollar fell against other major currencies in European trading Monday. Gold rose.

The euro was quoted at 97.76 cents in late European trading, up from 96.90 cents late Friday. Later, in midday trading in New York, the euro traded at 97.67 cents.

Other dollar rates in Europe, compared to late Friday, included 121.27 Japanese yen, down from 121.46; 1.5021 Swiss francs, down from 1.5169; and 1.5179 Canadian dollars, down from 1.5267.

The British pound was quoted at $1.5049, up from $1.4989.

In midday trading in New York the dollar bought 121.42 yen and the pound was worth $1.5026.

Gold closed in London at $325.70 bid per troy ounce, up from $324.30 on Friday.

In Zurich the bid price was $325.80, up from $323.30.

Gold rose $2.60 in Hong Kong to close at $326.55.

Silver closed in London at $4.85 bid per troy ounce, unchanged from Friday.

[ThaiGuru]

http://www.bday.co.za/bday/content/direct/1,3523,1113965-607…

Thistle Mining seeks to list

--------------------------------------------------------------------------------
Thistle Mining, the Yukon-registered junior mining group, is planning to tap the current market enthusiasm for gold with a listing on Aim.
The move has already been delayed by two months since being announced in April but the company, chaired by Lord Lang, former trade and industry secretary, insists it will float within the next two months.

Thistle recently purchased five former Anglo-American gold mines in South Africa for 30m (ฃ20m) giving it about 200,000 ounces a year of production. It hopes to raise between 5m and 10m of new money to meet its target of producing 500,000 ounces of gold by the end of next year. The money will be used to improve production at the South African mines as well as developing the Masbate gold project, which it acquired from Philippine Gold in 2001.

Willie McLucas, chief executive of Thistle, formerly ran Waverly Mining Finance, which owned Monktonhall colliery in Scotland. He famously sold a Philippine gold concession to Bre-X of Canada for 80,000, only to see the company claim it was one of the richest prospects ever. Bre-X later turned out to be a fraud.

Mr McLucas said the plan to move to Aim would honour a commitment made to shareholders in Philippine Gold, which saw its shares soar from less than 5p to more than 300p and back below 5p again in the late 1990s.

The group already has a listing on the Toronto stock exchange and has a market capitalisation of ฃ55m. Its shares have risen six-fold since last August because of the rally in the price of gold. Thistle is heavily backed by Kuwaiti investors, three of which sit on its board.

Grant Thornton is acting as nominated adviser to the issue and Cannacord Capital is the broker.

Financial Times

[ThaiGuru]

http://www.neftegaz.ru/english/lenta/show.php?id=24873

Gold Soon To Be Seeking $340 Per Ounce

24.06.2002 12:10

Gold prices held firm last week as investors sought a safe haven for their money while world stock markets gyrated, the dollar tumbled and Middle East tensions showed little sign of easing.

By Friday afternoon, gold was fixed at $322.7 an ounce, compared with $322.10 the previous week.

“We have seen some support return to gold in line with weaker equity markets, which also reflected on forex markets and most noticeably the dollar,” said Macquarie Bank analyst Kamal Naqvi.

“This plus the events we have seen in the Middle East, following the suicide bombing on Tuesday, continued to generate interest for buying gold.”

Gold is likely to continue to look attractive in the near future, Naqvi said, possibly moving up to $330 over the next couple of weeks and to around $340 over the next month.

“I`m still thinking we are looking for further upside, with a quite volatile and generally weak asset market and downward pressure on the dollar,” he added.

Platinum prices rose to their highest level for a year as investors piled out of falling US equities and the dollar, analysts said.

Platinum prices were also given a boost by threats of industrial action at mines owned by South African producer AngloPlatinum, which could lead to a supply squeeze.

Societe Generale analyst Stephen Briggs said: “If we see wages negotiations settled without a strike, we will see prices fall quite sharply.”

On the London Platinum and Palladium Market (LPPM), an ounce of platinum gained to $563 an ounce on Friday from $557 the previous week.

But palladium eased to $330 from 336 with demand still suffering from a sharp price spike last year.

[Neftegaz.ru]

[ThaiGuru]

http://money.cnn.com/2002/06/24/markets/gold/index.htm

Gold dazzles

Spot gold hits three-week high as dollar beaten lower; stocks continue to be hammered.

June 24, 2002: 12:32 PM EDT

NEW YORK (CNN/Money) - Gold hit three-and-a-half week highs Monday, lifted by a bullish mix of renewed stock market losses and fresh tension in the Middle East.



Spot gold for August delivery rose $1.80 to $326 an ounce in U.S. afternoon trading.

Analysts said the precious metal was picking up its share of investment capital as the dollar continued to weaken and U.S. stocks faced another afternoon selloff.

"The U.S. dollar continuing to weaken is one the main fundamental driver causing the price of gold to improve over the last few months and more so over the last few days." said Amaury de Barros Conti, gold analyst with U.S. Global Investors.



"The feeling is that the dollar has a little bit more to go on the downside versus the euro, yen and some of the other currencies. Unless we get some catalyst in the near-term for the U.S. stock market to improve, we will continue to see downward pressure on U.S. equities. Gold and gold-related equities will continue to provide investors with the kind of diversification, alternative asset class in the short term," de Barros Conti added.

Ongoing investor concern over the strength of the economic recovery in the United States sent the dollar to a two-year low against the euro and fresh lows against other major currencies like the Swiss franc and British pound.

Safe-haven gold was also underpinned by the tensions in the Middle East as Israeli forces killed six Palestinians in a helicopter missile strike on a car reportedly carrying Islamic militants in the West Bank.

Gold hit $330.30 an ounce on June 4, its highest level in more than 2-1/2 years.

Meanwhile, silver moved higher in line with the stronger gold price, rising $3.00 to $488.50 an ounce in U.S trading.

The Philadelphia Gold & Silver Index was up 2.8 percent, while the CBOE Gold Index gained 2.7 percent.

Shares of gold stocks including Barrick Gold (ABX: up $0.57 to $21.03, Research, Estimates), Newmont Mining (NEM: up $1.11 to $29.71, Research, Estimates), Ashanti Goldfields (ASL: up $0.33 to $6.08, Research, Estimates) and Anglogold (AU: up $0.88 to $29.72, Research, Estimates) all tagged on gains in afternoon trading.

[dr.gips]

@ thai guru

hast du ne ahnung warum drooy heute gegen den trend dermaßen fällt??
im vorraus vielen dank !!

dr.gips

[Eurocop2000]

Ich denke, die derzeitige Finanzblase weltweit fußt auf drei Säulen:
1. Hoher Dollarkurs
2. Hohe Aktienbewertungen
3. Niedriger Goldkurs
Die ersten zwei Punkte werden sicherlich jeden einleuchten.
Welche Rolle spielt aber der Goldkurs?
Den Verantwortlichen ist sicherlich die Überbewertung der Märkte bewußt und ich glaube nicht, daß bei ihnen noch die Illusion besteht, alte High`s in den nächsten 10 Jahren wieder zu sehen. Es geht jetzt nur noch darum, ein plötzliches Platzen zu vermeiden. Die Märkte werden dann unkontrolliert zusammenbrechen, wenn es einen wirklichen oder vermeintlichen Rettungsanker für das nervös vagabundierende Kapital gibt. Wäre Gold heute über 330/340 $ gestiegen und morgen über 35o $, würden viele Anleger ihre noch immer immensen Aktienbestände auf den Markt werfen, um am letzten Erfolg versprechenden Investment ihr Vermögen zu beteiligen. Der Goldpreis würde explodieren.
Deshalb wird zur Zeit mit allen Mitteln versucht, Gold einen solchen Nimbus zu nehmen.
Wir wissen nicht, wie hoch die physischen Bestände der Notenbanken wirklich sind. Nach Vermutung von Thai-Guru mußten vor wenigen Tagen von den Russen einige Tonnen geliehen werden, um die Situation unter Kontrolle zu bekommen.
Aber daß der Preis überhaupt die 300 $ durchstoßen hat, läßt vermuten, daß die tatsächlich einsetzbaren Mittel begrenzt sind.
Ich kaufe jedenfalls morgen einen Barren zu.

[Prof.Goldhagen]

Ich möchte an dieser Stelle an die Gedanken von ANOTHER erinnern, der meinte, daß der Goldpreis über Nacht so extrem steigt, daß alles Papier (einschließlich Goldminenaktien) verbrennt.
Wenn der POG von 354 auf 150.000 steigt, weil JPM pleite ist, gibt es keinen Goldmarkt mehr und alle Goldminen sind verstaatlicht.
Gold ist dann ein strategisches Metall, das nur der Staat besitzen darf.

[Blecheuro]

Durban ist gefallen, weil es sich um eine GOLDMINE handelt, die durch Notenbankverkäufe zertrümmert werden kann.

Deshalb habe ich nur noch SILBERMINEN in meinem Depot, außer ein paar dreckige austral. Goldminen, die nahezu unverkäuflich sind.

[niemandweiss]

Blecheuro, dein ewiges einseitiges Silbergepusche finde ich trotz Deiner Anhänger hier im Board geschmacklos. Schade eigentlich, wenn du sachlicher argumentieren würdest, könntest du vielleicht sogar überzeugen.

niemandweiss

[mickym [VIP]]

@Prof.Goldhagen

Na das halte ich ja nun doch für zu unrealistisch. Soll denn dann der gesamte Goldschmuck konfiziert werden?

gruss mic

[Blecheuro]

@Niemandweiss

Niemandweiss weiß wirklich nichts, sonst würde er sachlich bleiben, wenn er einmal das hört, was er nicht hören möchte.

Aber so sind die verbohrten Anleger eben! Nur davon lebt die Börse!

[ThaiGuru]

June 24 - Gold $323.90 down 50 cents - Silver $4.86 up 1 cent

An Irish Joke/US Gold Gestapo Enforces $2 Rule Once Again

To new Café members: if you ever wanted to know what the $2 rule was all about, today was the day to understand what I have brought up for years.

Gold was already up over $1 when the dollar was slammed against the Euro, the foreign stock market swooned and the Dow fell as much as 150 points. It would not have mattered what happened anywhere in the world, The Gold Cartel would not allow gold to rally anymore than $2+ in the U.S. Buyers came in and silent cabal member Morgan Stanley knocked gold down. Morgan Stanley was there all day long to take on all comers. Before gold closed, The Working Group on Financial Markets (PPT) showed up to rally the stock market and set the Euro back.

The Gold Cartel can take little solace in this short-term victory. The commodity markets are flying! The CRB closed at 207.01, up 3.42, and is only a sprint from taking out its Feb 4 high of 208.23. A good reason for gold to sell off today, eh?

There is no point in me being overly emotional. It is disgusting and going to end very badly for the perpetrators and the investing public.

Then again, maybe I will be. Look at what one of the ringleaders of The Gold Cartel, Treasury Secretary O’Neill, had to say on Sunday:

06/23 16:37
O`Neill Calls U.S. Corporate Scandals an `Outrage`
By Keith Snider

Washington, June 23 (Bloomberg) -- U.S. Treasury Secretary Paul O`Neill said people should be ``outraged`` by recent corporate scandals, as President George W. Bush`s administration continues to seek a way to bolster investor confidence.

O`Neill, speaking on ABC`s ``This Week`` program, said Bush would sign legislation that revamps regulation of the accounting industry if passed by Congress. He also called for better disclosure of the cost of stock options and said corporate boards should show restraint on executive pay.

The administration has been emphasizing corporate responsibility in recent weeks as financial markets react to scandals that have enveloped corporations such as Enron Corp., Tyco International Ltd. and Adelphia Communications Corp. Last Thursday, Bush urged a group of executives to help eliminate an ``overhang of mistrust`` of public companies. O`Neill made a similar appeal two days earlier.

``I think anyone who`s paying attention ought to be outraged about the things that keep tumbling out,`` O`Neill said in the ABC interview. ``The amount of money some of these people have taken out and gotten away with is just unconscionable.``

Executive Pay

O`Neill, the former chairman of Alcoa Inc., said boards of directors should give closer scrutiny to how much their chief executive officers get paid.

``I think the corporate pay, especially the amount of money some of these people have ripped off when they`ve been abusing their trust, it`s an outrage,`` the secretary said. He added that it`s not the government`s role to regulate CEO pay.

He also said investors deserve to know how much money is tied up in stock options granted to executives by accounting for the options as expenses on a company`s balance sheet.

That would make it ``clear to every shareholder and every member of the public how much prospective money is attached to the granting of stock options,`` O`Neill said.

Bush has stepped up his rhetoric on corporate responsibility as stock prices have faltered. Last week, he asked executives who are members of the Business Roundtable to tighten corporate governance in what executives described as an impassioned plea for leadership. During a stop in Florida, the president said business ``must clean up its act`` to restore faith in the markets.

-END-

www.lemetropolecafe.com

[ThaiGuru]

Royal Bank of Canada RBC sued over Enron loan

June 23

A $517-million (U.S.) relic of Enron Corp., the bankrupt Houston energy trader, has come back to haunt Canada`s biggest bank.

Royal Bank of Canada issued a statement late Sunday saying that a Dutch bank it believed would bear the risk of an Enron-related loan has refused to honour the deal and has filed a lawsuit against RBC in a New York state court.

RBC calls the suit a "spurious and totally unfounded attack on our reputation." If it is successful, RBC may never get its money back….

RBC lent the $517-million to a trust affiliated with Enron in late 2000. Then, like a bookmaker laying off excess action, it hedged its bet by negotiating what is called a total-return swap with Utrecht-based Cooperatieve Centrale Raiffeisen-Boerenleenbank BA, better known as Rabobank.

As RBC saw it, the swap made Rabobank responsible to repay the loan if Enron did not.

"Until last Friday, Rabobank had fulfilled its contractual obligations related to the transaction," RBC`s statement said, "and we expected that Rabobank would continue to act in good faith with respect to the terms of the transaction, which include a full and final payment from Rabobank to RBC of $517-million on June 28, 2002."

The collateral for the loan, a block of shares in a surviving Enron-related oil company, has become the subject of separate court cases to determine who owns them.

Saying Rabobank knew what it was getting into, RBC vowed to mount a vigorous defence against the suit and launch its own legal action to make the Dutch bank pay up.

-END-

www.lemetropolecafe.com

[ThaiGuru]

http://planetgold.com/interview.asp

Interview with GATA`s, Bill Murphy

Monday, June 24, 2002

Interview with Bill Murphy of GATA, conducted by Ragnar Danneskjold, editor - Planetgold.com. E-mail Ragnar for questions or to suggest an interview at [e-mail]

Planetgold: Today, Planetgold is pleased to interview Bill Murphy, of The Gold Anti-Trust Action Committee (www.GATA.org).

Planetgold: The Gold Anti-Trust Action Committee was organized in January 1999 as a Delaware corporation to advocate and undertake litigation against illegal collusion to control the price and supply of certain financial securities, particularly securities involving gold. The committee arose from essays by Bill Murphy, a financial commentator, and by Chris Powell, a newspaper editor in Connecticut, published at Murphy`s Internet site, www.lemetropolecafe.com.

Murphy`s essays reported evidence of collusion among financial institutions to control the price of gold. Powell, whose newspaper had been involved in antitrust litigation, replied with an essay proposing that gold interests should act on Murphy`s essays by bringing suit against the financial institutions involved in the collusion against gold.

The response to these essays from gold interests throughout the world was so favorable that the committee was formed. Murphy is Chairman and Powell is Secretary/Treasurer.

The committee has retained a prominent anti-trust law firm, Berger & Montague of Philadelphia, and is raising money for advocacy and litigation.

Additionally, GATA seeks to disclose and publicize the huge speculative short positions in gold taken by financial institutions and bullion banks. GATA believes that 10,000 tons of gold or more have been sold short by these speculators, even as yearly mine supply of gold in 1998 was only 2,529 tons. When, through our lawsuit and otherwise, we are able to show how short in gold even one major financial institution really is, other institutions will buy gold in quantity, knowing the short position in gold is too large to close without causing a substantial rise in the price of gold. Then the gold collusion game will be over.

Planetgold: Please tell us a little about yourself.

Murphy: I grew up in Glen Ridge, New Jersey. I’m a 1968 graduate of the School of Hotel Administration at Cornell University. I was Honorable Mention on the All-America Football team as a wide receiver. I was starting end for the Boston Patriots in 1968. I racked up 20 years on Wall Street in the futures industry. I started www.LeMetropoleCafe.com, a financial market website featuring gold analysis. I became chairman of the Gold Anti-Trust Action Committee in January of 1999.

Planetgold: What is the current status of the lawsuit you initiated against the gold price conspirators?

Murphy: The law suit against The Gold Cartel was dismissed on March 26 by Judge Lindsay of the Boston Federal Court. It was not dismissed on the merits of the case, but due to the judge`s decision that Reg Howe, a former Boston trial lawyer, did not have the proper legal standing to bring the case forward. He hinted a gold mining company should do so.

Planetgold: How does Gata.org function? Does it have members, etc.?

Murphy: GATA is the creation of myself and Chris Powell (Treasurer/Secretary). He has a 2200 mailing list. Then there is the GATA ARMY out there that feeds us information, contacts the press, politicians, gold producers. That is why we are winning the day.

Planetgold: Do you accept digital currencies for donations?

Murphy: Yes, we do.

Planetgold: What evidence is there that a conspiracy to deflate gold prices exists?

There is an unsustainable short position

Murphy: It is overwhelming and could fill a War and Peace type novel. According to the Royal Bank of Canada, which confirmed our claims, there is an unsustainable supply/demand imbalance and an unsustainable short position in gold. Central banks have ostensibly lent increasing amounts of gold to earn interest on their reserves. However, when one lends at a rate (less than 1% generally), the question arises as to whether there may be another motivation. As a rising gold price stands as a direct repudiation of their alleged responsible monetary policy, perhaps this is the real reason they have been so aggressive in this area. Bullion banks have borrowed gold from the central banks for their own accounts and those of various speculators, such as hedge funds and financial institutions (the carry trade) and for producers (mine hedging) and have used derivatives to limit their risks and generate additional income. The loaned gold has been sold into the physical market and is now in jewelry, primarily in the Middle East, India, and other parts of the Far East. The size of the short position, officially acknowledged to be more than 5,000 tonnes by the bullion bank apologists, is thought to be well over 10,000 tonnes and may exceed 15,000 tonnes. To put this in context, this constitutes between one-third and one-half of all central bank gold, and the vast majority of it is no longer accessible.

Other factors include the following unsustainable trends: low inflation, strong dollar and strong financial assets (stocks). This, coupled with the growing realization that gold is a better source of money, will drive gold prices through the roof.

Planetgold: What has GATA accomplished so far during its existence?

Murphy: A great deal. We have alerted the world to the gold fraud and we have had a big impact influencing hedgers to reduce their forward sale positions.

Planetgold: So what`s the next step? Will any other law suits be filed? What are the chances of success?

Murphy: What Reg Howe did was historic and magnificent, but the judge ruled the US Government was above the law. No lawyer will take that on. What is most likely to happen is the soaring price of gold (it is headed for $800 per ounce or more) will prove GATA right. There will be no other explanation. The gold industry mining analysts at the beginning of this year called for $285 gold this year and next for an average. Are they just stupid or hired guns to ONLY speak what their short bullion banks require them to do? What a scandal. Like Enron. For that matter, gold will melt up like Enron melted down. Many of the same players are involved in the same kind of scandal. They include Citibank and J.P. Morgan Chase.

Planetgold: You have done a good job of getting the word out, but what has to happen for the federal [un]reserve and the bullion banks to stop (or fail to) control gold prices? Why can`t they just continue to sell short forever?

Murphy: Because they are running out of ammo. Our work says that they have lent out or swapped out 15,000 tonnes of gold, more than 3 times industry estimates. That means half of the gold in the central banks of the world is not there. The Russians, Chinese, Arabs and Japanese are buying while the dummy central banks sell at ridiculously low prices to perpetuate a fraud. The scandal, when all is known, will be bigger than Watergate for what it has done to the poor gold producing countries in sub-Saharan Africa.

Planetgold: What do you think will happen once the house of cards falls down? Obviously gold prices will sharply increase, but what effect will this have?

The gold scandal is the mother of all scandals

Murphy: The gold scandal is the mother of all scandals. The dollar will be bashed. Wall Street and the New York/Washington press will be discredited. Investors will flee the stock markets for a decade. There will be profound changes coming.

Planetgold: This question for Mr. Murphy is posed by one of the readers of Planet Gold, Jim Davidson:

"When will Congress hold hearings on the US Treasury sale of gold?
Article One, Section 9, paragraph 7 [of the U.S. Constitution] says, ‘No money shall be drawn from the treasury but in consequence of appropriations made by law’ and at the time that was written, gold was money. Gold continues to be money, so the drawings of gold from the US Treasury and the sale of gold by the US Treasury should only come in consequence of law made by Congress. It seems clear that much gold has been drawn from the US Treasury without any law from Congress. That suggests that the Treasurer of the United States may be due for impeachment. So, when will Congress hold hearings on the US Treasury sale of gold?”

Murphy: Congressmen Ron Paul of Texas and John Larson of Connecticut have a bill in Committee entitled, Monetary Reform and Accountability Act. It only says that if the Treasury Secretary or President want to deal in US gold they get Congressional approval. Treasury Secretary O`Neill is on the record as being against it even though the Treasury says they do not deal in gold. It stinks, the scandal, when it breaks, will be bigger than Watergate because of how many people the US gold policy has hurt around the world.

I was beat up

Planetgold: Are you afraid that government thugs may come over to GATA to shut you up? Have you been contacted by any government agency regarding your activities?

Murphy: Two years ago, I was beat up, my car was stolen and web site hacked. Since then, nothing. My esteemed friend, Frank Veneroso, who spoke at the GATA African Gold Summit on May 10, 2001, in Durban, SA will not talk about gold anymore in public. He is very afraid of what could happen to him.

…

Planetgold: This concludes our interview with Bill Murphy of the Gold Anti-Trust Action Committee. Feel free to browse previous interviews on this site and come back next week for Planet Gold’s next exciting interview. Also, sign up for our email notification service to be informed when Planet Gold publishes a new interview. If you have any questions regarding this interview or would like to suggest an interview, please contact [e-mail]

[ThaiGuru]

http://www.mips1.net/MGGold.nsf/Current/4225685F0043D1B28525…

Uproar over RBC gold conspiracy report

By: Tim Wood


Posted: 2002/06/24 Mon 17:50 | © Miningweb 1997-2002


PRINCETON, New Jersey ­­ A bullish report on gold has been strongly disavowed by Royal Bank of Canada, which is now saying it was for internal consumption only. Prior to repudiation, the report marked the first formal acknowledgement by an investment institution of an American led conspiracy to suppress the price of gold.
The report, which was littered with permabull talk, like "gold exploding to the upside", spread like digital wildfire after the Gold Anti-Trust Action Committee got hold of it and mailed it to subscribers. Now knives are out for Murphy who was fined fifteen years ago by the Commodity & Futures Trading Commission for trading violations.

Insiders say the report was never meant to reach the outside world and that Gata chairman Bill Murphy stepped over the line in not seeking permission. One investment professional fumed: "The damage done to the gold market by these clowns` antics [Gata] is difficult to measure."

Canada`s Globe & Mail confirmed on Saturday that RBC was officially distancing itself from the report, which was authored by its top professional gold investor, John Embry. Embry could not be reached for comment.

Murphy remains unrepentant and stoic: "Would the professional who called Gata `clowns` like to review the evidence and debate it all with us?" The professional is actually sympathetic to allegations of gold price manipulation, but hates the way Gata conducts itself and believes it is responsible for creating an environment in which it is impossible to talk rationally about the topic – the UFO syndrome.

"The report was send to me by one of the Gata Army, who received it from one of the private clients of the Royal Bank. I was told it went to their biggest and best clients. It was dated March 2002. Since I saw Gata`s evidence of why gold was going to explode, I saw no reason not to put it out, Murphy says.

"I never mentioned John Embry`s name, nor requested anyone`s permission. As far as I was concerned, it was a public document that drew largely from specifics in Gata`s own published research."

Murphy`s claim that the report was first distributed to select clients is serious because it contradicts assertions that it was a working document rather than an official opinion. RBC securities clients told Gata that instead of getting the bullish report, they are being offered a "bearish" report that punts Barrick and Placer Dome, both hedgers, while lowering the price target for gold bug favourite GoldCorp.

Murphy has never been enamoured of the institutions and the feeling is clearly mutual. But the antagonism is building to a new level after information was distributed about a CFTC sanction on Murphy for exceeding position levels during a stint in the copper pits.

Murphy shrugs it off: "I have been waiting for that to show up for years. They must be desperate now.

"In 1987 copper was 59 cents. I studied a Frank Veneroso copper study he did for the World Bank in which he felt the price of copper was going to explode. It did, to $1.46 by the end of the year. I made a fortune and then lost it. I made enemies then too.

"A group of bullion banks went after me and got the copper market down to 88 cents. I got killed. After they got me out, copper went right back up again. I swore that if I ever got a chance again, I would make them pay for ganging up on me. I had to pay the second biggest Comex fine ever (Bunker Hunt paid the highest at the time).

"I was also thrown out of the industry without admitting guilt, etc (for unspecified trading violations); that drill. I had no money left to fight the charges. I was a broker for many years in the futures industry and only had one complaint with all that happened in copper. My only other complaint involved a customer tax straddle. I made enemies then too."

Nevertheless, the fine will harm Murphy`s image as gold`s knight with no interest above truth, honesty and fair play.

Murphy supporters are hardly defecting though. One high profile figure said RBC must rebut rather than just disclaim the Embry report. "If we`re wrong, why don`t they just provide us with some evidence demonstrating that we are wrong - instead of just making unsubstantiated statements," he said.

The RBC flap coincides with another gold bug dust-up. Embry`s keenest competitor, Eric Sprott, on Friday retracted statements about Barrick`s vulnerability to rising gold prices because of its hedge book. It was an unusually fulsome apology that endorsed Barrick`s own sense of invincibility about its premium gold sales programme.

[ThaiGuru]

@Blecheuro

Dass Du nichts mit Gold am Hut hast, ist mir selbst und den vielen Lesern hier im Thread wohl schon lange bekannt.

Deine frühere Aussage, vor Monaten, in meinem Thread , dass Du dem Goldpreis keine Chancen gebenüber dem Preis Silber gibst, und nicht an einen Goldpreisanstieg glaubst, hat sich, wie Du unschwer heute selbst feststellen kannst, als eine falsche Einschätzung erwiesen.

Goldaktien sind seit Januar, gesammthaft gesehen, entgegen Deiner Prognose stärker gestiegen als Silberaktien. Das selbe gilt natürlich auch für das physische Gold.

CDE und HL sind keine reine Silberaktien, was Du leider gerne vergisst zu erwähnen.

Du bist anscheinend etwas vergesslich, was Deine alten Prognosen zu Gold und Silber anbelangen.

Tatsache ist aber auch, dass Silber immer noch massiv gedrückt wird, und zwar noch mehr als Gold, und nicht vom Fleck kommt. Die 5.- Dollar sehen wir zur Zeit immer noch von unten, trotz Deiner seit Monaten wiederholt gemachten Ankündigungen.

Verstehe mich bitte richtig, ich mache Dir keinen Vorwurf weil Silber noch nicht "explodiert" ist, dafür kannst Du sicher nichts. Auch ich glaube selbst, aus fundamentalen Gründen an einen bedeutend höheren Silberpreis. Doch im Gegensatz zu Dir warne ich in Deinem Thread keine Leser vor Silberkäufen, was Du aber im Falle von Gold, glaubst (auf die Gründe dafür möchte ich gar noch nicht eingehen), in diesem Thread machen zu müssen.

Du solltest mit solchen unangebrachten negativen Kommentaren zu Gold und einzelnen Goldaktien in diesem Thread besser aufhören, speziell darum weil sich Deine frühere geäusserte Meinung zum Goldpreis meistens als falsch erwiesen hat, und Du auch mit Deinen des öffteren geposteten negativ Meinungen zu Gold und Goldaktien, höchstwahrscheinlich noch einmal daneben liegen wirst.

Deine Favoriten CDE und HL sind zu Beginn, nicht unwesentlich, wegen den gestiegenen Goldpreisen im Preis avanciert, und erst in zweiter Instanz, wegen dem Silberpreis.

Das könnte sich nun zwar bald ändern, da bei einem starken Preisanstieg des Silbers, Deine (unsere) Favoriten überproportional steigen könnten.

Desshalb habe ich überhaupt nicht verstanden, wie Du allen Ernstes kürzlich in Deinem "Silberexplosion" Thread, Deinen Lesern eine aus Sicherheitsgründen, wie Du sagtest, "Verkaufsempfehlung" für Deine Favoriten abgeben kannst, falls der Silberpreis die 5.-$ Marke in den nächten 2-4 Wochen nicht nachhaltig überschreiten sollte.

Deine Warnungen zu ECO und BEMA haben sich auch als Fehleinschätzung erwiesen, wie sich gezeigt hat.


Physical Gold "strong buy"

Physical Silber "strong buy"


Gruss

ThaiGuru

[ThaiGuru]

http://www.sundaytimes.co.za/zones/sundaytimes/business/busi…

Daily Business news


Gold, Bidvest lead JSE lower

By Alison Maltz

The JSE Securities Exchange (JSE) was trading in the red at noon on Tuesday with gold stocks driving the downside of the market. Another drag on the market was services giant Bidvest, whose shares tumbled on news that a third party was making a bid for Brake Brothers in the UK.

At 1150 local time (0950 GMT), the all share index had dipped 0.34%. The gold index had nosedived 4.52%, dragging the resources index 1.14% into the
red. The platinum index had dipped 0.10%. On the upside, financials had inched up 0.13%, industrials had improved 0.70%, while the IT index had jumped 1.67%.

"Gold is one of the main drivers on the downside," a dealer said.

Bullion was changing hands at $323.25 an ounce from $326.40 when the JSE closed on Monday.

"The euro ran up to 0.98 to the dollar yesterday, but gold didn`t respond which shook everyone`s nerves. Gold has had its run but there`s nothing more
to drive it," he continued.

Gold Fields, South Africa`s second largest gold producer, was leading the slide south. It lost 5.11% or 7.20 rand to 133.80 rand. Harmony lost 4.78%
or 7.55 rand to 150.50 rand, while South Africa`s largest gold producer AngloGold was 2.05% or 12.30 rand weaker at 588.90 rand.

The dealer said that an announcement that Brake Brothers in the UK had accepted an offer by a third party to acquire its issued share capital was bad
news for local services group Bidvest. Bidvest`s subsidiary Bidvest Plc had made a submission to the Office of Fair Trading regarding a possible merger with Brake. Bidvest said on Tuesday that Bidvest plc was awaiting the outcome of its submission to the OFT, at which time it would consider its options.
"The Brake acquisition would have given Bidvest mass to expand offshore," the dealer explained.

Bidvest shares lost 5.39% or 2.75 rand to 48.25 rand in the wake of the news. On the financial index, London-listed Old Mutual slipped 11 cents to
13.89 rand, which the dealer said was worrying.

"Old Mutual is coming close to its levels when it first listed three years ago. If you look at it in pound terms, it is down substantially. Old Mutual has
been a bit of a disaster in terms of its listing offshore," the dealer explained.

I-Net Bridge

[Nefprak]

thai guru, blecheuro kann und wird dir nicht böse sein.
dein posting 1111 entspricht ja absolut den tatsachen. nur
eine bescheidene frage meinerseits. wann glaubst du den,
wie lange es noch dauern könnte, bis der silberpreis
explodiert.
danke für die antwort im voraus.

[ThaiGuru]

Bush To Speak At 3:45 P.M. EST On Middle East

WASHINGTON -(Dow Jones)- President George W. Bush will deliver a speech on his Middle East policies at 3:45 p.m. EDT (1945 GMT) in the Rose Garden, the White House announced Monday.

Bush had been scheduled to deliver the speech last week but decided not to after a series of terrorist attacks on Israeli civilians.

In his speech, Bush will offer new proposals to get the Middle East peace process back on track.




(This story was originally published by Dow Jones Newswires)
Copyright (c) 2002 Dow Jones & Company, Inc.
All Rights Reserved

[ThaiGuru]

@Nefprak

Spätestens dann, wenn die Firma Kodak, Fuji, Agfa, etc. oder die industriellen Verbraucher nicht mehr genügend physisches Silber am Markt kaufen können.

Wann eine solche Meldung die Weltpresse erreichen könnte, darüber gibt es unterschiedliche Auffassungen.

Zwischen einigen Monaten und 1 bis 2 Jahren.

Dabei ist noch anzufügen, dass die strategischen USA Silbervorräte, die in ca. 2 Monaten, nach offiziellen Angaben aufgebraucht sind, nicht mehr aufgestockt werden können, ohne dass der Silberpreis hochgeht.

Von einer Nachfrage für Silber als Anlageinstrument, wollen wir gar nicht einmal reden.

Der Blecheuro hat absolut recht, wenn er seinen Lesern anrät physisches Silber zu kaufen.

Gruss

ThaiGuru

[ThaiGuru]

Schaut Euch doch bitte mal diese Homepage an, scheint recht interessant zu sein!

Und wie es halt meistens so ist, leider alles wieder in englischer Sprache.

Disclaimer: Ich möchte ausdrücklich darauf hinweisen, dass ich keinerlei Beziehungen zu dieser Homepage plege, die Verantwortlichen nicht kenne, und dass ich den Inhalt der dortigen Berichte weder bestätigen, noch dementieren kann. Auch will ich den Wahrheitsgehalt der dort gemachten Aussagen weder bezeugen, noch in Abrede stellen. Der Link wurde von mir nur aus Gründen der Meinungsvielfalt, und aus Informationsgründen gepostet!

Gruss

ThaiGuru


Financial Scandals

A Guide with Links to Information Sources

Haupt URL:

http://www.ex.ac.uk/~RDavies/arian/scandals/

Nur eine von vielen Seiten:

Scandals involving Central Banks

http://www.ex.ac.uk/~RDavies/arian/scandals/centralbanks.htm…

[ThaiGuru]

http://www2.swissinfo.org/sde/Swissinfo.html?siteSect=161&si…

Schweizer Zeit 18:15, Dienstag 25.06.2002


Industrie auf Talfahrt

Besonders betroffen von der anhaltenden Flaute ist unter anderem der Fahrzeugbau. [Keystone Archive]

Die Schweizer Industrieproduktion hat sich auch im ersten Quartal 2002 rückläufig entwickelt. Sie schrumpfte gegenüber dem Vorquartal um 8,7%.

Der seit Mitte 2001 anhaltende Produktionsrückgang im Industriesektor hat sich im ersten Quartal dieses Jahres stark akzentuiert. Dies teilte das Bundesamt für Statistik (BFS) am Dienstag mit.

Im Vergleich zum Vorjahresquartal sank die Industrieproduktion um 8,8%. Dies ist der grösste Produktionsrückgang seit das BFS den Index 1996 neu berechnete.

Der Rückgang sei "happig", sagte Roland Aeppli von der Konjunktur-Forschungsstelle der ETH Zürich (KOF) gegenüber swissinfo.

Überraschend sei die Entwicklung allerdings nicht. Sie decke sich ziemlich zuverlässig mit den KOF-Daten.

Folge der Weltwirtschaft

Die Hauptgrund für die Entwicklung liegt laut Aeppli im Rückgang der Nachfrage aus den USA und Deutschland: "Die Industrieproduktion leidet unter dem derzeitigen Zustand der Weltwirtschaft. Geringer ist die Negativwirkung des starken Frankens."

Für das 2. Quartal 2002 liegen noch keine BFS-Zahlen vor. Gemäss Aeppli dürfte sich der Negativtrend in der Zwischenzeit jedoch etwas abgeschwächt haben. Zu übertriebenem Optimismus bestehe jedoch kein Anlass: "Die Industrieproduktion hat zwischen April und Juni bestenfalls stagniert."

Investitionsgüter unter Druck

Vom Rückgang besonders betroffen waren die Investitionsgüter. Hohe Einbussen vermeldeten der Fahrzeugbau, das Papier-, Karton-, Verlags- und Druckgewerbe, die Textilindustrie sowie die Maschinenindustrie.

Positive Zuwachsraten erzielten einzig die chemische Industrie, die Herstellung nichtmetallischer Produkte und die Gewinnung von Steinen und Erden.

Der Gesamtumsatz im Industriesektor blieb im Berichtsquartal 4,8% unter dem Wert des Vorjahres. Gegenüber dem letzen Bericht verlor er 5,7%.

Weniger Aufträge

Zum vierten Mal in Folge gingen die Auftragseingänge zurück, und zwar um 6,5%. Dies gilt vor allem für die Investitions- und Verbrauchsgüter.

Laut BFS versuchten die Unternehmen, die Umsatzeinbussen durch den Abbau von Arbeitsreserven aufzufangen. Dabei sind folgende Branchen Spitzenreiter: Herstellung von elektrischen Geräten, Feinmechanik und Optik, das sonstige verarbeitende Gewerbe und die Maschinenindustrie.

Verhaltener Optimismus

In der zweiten Hälfte 2002 dürfte die Industrieproduktion "eher wieder zunehmen", sagt KOF-Ökonom Aeppli. Und auch für die gesamte Wirtschaft wagt Aeppli eine "verhalten optimistische Prognose": Es sei "mit einem leichten Zuwachs" zu rechnen. Dieser sei allerdings zu klein, als dass etwa auf dem angespannten Arbeitsmarkt mit einer Erholung zu rechnen wäre.

Felix Münger und Agenturen

25.06.2002 - 16:39

[ThaiGuru]

http://www2.swissinfo.org/sde/Swissinfo.html?siteSect=143&ei…

Schweizer Zeit 18:23, Dienstag 25.06.2002

Bisheriger Vize wird neuer Chef der argentinischen Zentralbank

BUENOS AIRES

Der bisherige Vizepräsident der argentinischen Zentralbank, Aldo Pignanelli, wird ihr neuer Chef. Dies teilte eine Sprecherin der Bank am Dienstag in Buenos Aires mit.

Der bisherige Präsident der Bank, Mario Blejer, hat zum Ende der Woche seinen Rücktritt angekündigt. Blejer hat sich der Forderung der peronistischen Regierung unter Präsident Eduardo Duhalde widersetzt, der argentinischen Wirtschaft mehr Liquidität zu verschaffen und die Geldpresse anzuwerfen.

Blejer warnte bei seiner Rücktrittsankündigung davor, dass die Unabhängigkeit der Zentralbank durch den Konflikt mit der Regierung geschwächt sei. Pignanelli gehört der peronistischen Partei an.

Argentinien hat öffentliche Schulden in Höhe von 140 Milliarden Dollar (rund 230 Milliarden Franken) angehäuft. Sie sind teilweise seit Januar fällig und haben die Banken des Landes an den Rand des Zusammenbruchs gebracht.

25.06.2002 04:34, SDA-ATS

[Hustensaftschmuggler]

Hallo alle zusammen!

Viele Dank zunächst mal an Euch alle hier, die Ihr bemüht seid, solch faulen Schreibern wie mir, gute Infos zukommen zu lassen!

Eigentlich ist mir das ja ein bisschen zu viel Stress hier im WO-Board zu posten, aber die Goldpreisentwicklung des heutigen Tages ist ja wieder mal der Hammer! Während einer Seitwärtsbewegung von EUR/USD und des DOW kackt der Goldpreis entgegen aller bisherigen Entwicklungen dieses Jahres ab, dass ich mich fragen muss, wieviel Tonnen (Papier?-)Gold die Shorties an dem heutigen relativ ruhigen Tag in den Markt gekippt haben??? Wenigstens gab es bisher immer ein kräftiges "Auf" des DOW bzw. "Zwischenhoch des Dollar, aber heute???





Viel Strategisches ist ja schon gesagt... Weil mir manches nicht "koscher" erscheint in den letzten Monaten - auch gerade bezüglich des Goldpreises und es allen so 100%ig sicher scheint, das den ZBs irgendwann die (Gold)Luft ausgehen muß, dann wäre es ja logisch, dass die das zu aller erst wüßten, nicht war? Wenn ich "die" wäre und das Dilemma auf mich zukommen sehen würde, dann hätte ich wohl einen "Plan B"... Die lassen doch das Kind niemals in den Brunnen fallen. Habe zu diesem Thema mal eine Mail an Herrn Siegel geschrieben, die ich hier mal reinstelle. Vielleicht fällt Euch mehr dazu ein.

Hallo Herr Siegel!

als Leser Ihres Börsenbriefes "Der Goldmarkt" bin ich über die Lage am Goldmarkt eigentlich ganz gut informiert. Auch Ihren aktuellen Artikel über Gewinnmitnahmen war wieder sehr interessant.

Strategisch gesehen macht mir die Sache mit dem weltweiten Zentralbankgold jedoch ein bisschen Unbehagen. Dass irgendwo 5000 - 10000 Tonnen Gold am Markt unwiederbringlich verliehen sind, ist mir klar. Bleiben immer noch 20.000 Tonnen... (lassen wir die Verteilung mal außen vor) Die FED will die Welt glauben machen, dass sie gar nichts verliehen hat. Man muss aber jedoch bei den Brüdern immer mit dem Schlimmsten rechnen. Deshalb folgende Frage:

Was hält die FED in Kenntnis der unausweichlichen Fakten eigentlich strategisch davon ab, den Goldpreis steigen zu lassen, um dann vielleicht doch aus dem Stand eine 180°-Drehung zu machen und bekanntzugeben, dass sie sich wegen "Nutzlosigkeit des Goldes" von einem Großteil der Goldreserven trennen will? Wie hoch sind eigentlich die gesetztlichen Hürden für einen solchen Verkauf gelegt? Bedarf es dazu einer öffentlichen Diskussion in den Staaten, eines Gesetzgebungsverfahrens o. ä. oder könnten die so was über Nacht durchziehen und dann früh einfach bekanntgeben?

Schließlich haben die ja aus der Geschichte auch gelernt und versuchen heute nicht zum ersten Mal, einen Finanzkollaps zu vermeiden - oder, wenn das nicht geht, so langsam wie möglich ablaufen zu lassen... Über Nacht 50% verloren treibt die Massen auf Straßen und löst Revolution aus..., in drei Jahren 50% verloren verzeiht die Volkssele ohne Revolution. Plötzlich gegen alle Erwartung einsetzende Goldverkäufe der FED oder anderer könnten die Investmentbanken diesem Ziel näher bringen. Eine wirkliche Goldhause hat noch nicht begonnen, aber schon ist das Thema doch ganz gut in den Medien. In Euro ist der Goldwert sogar stabil. Kann es sein, dass die Herde mal wieder aufs Eis geführt wird? Darauf, dass die FED kein Gold verkauft, kann man sich doch fast 100% verlassen... Vielleicht wollen die das aber auch, um es dann ganz anders handzuhaben?....

Ich kann mir nicht vorstellen, dass die nicht noch ein paar Joker im Ärmel haben, die wir "Deppen vom Fußvolk" nicht kennen. Gibt es eigentlich eine halbwegs sichere Zahl über die Verleih-Mengen der FED?

Viele Grüße,
...der Hustensaftschmuggler

[ThaiGuru]

Die neue "Minerals and Petroleum Development bill" Südafrikas war wohl einer der Hauptgründe dafür, dass die Goldminen gestern und heute so stark nachgaben.

Gruss

ThaiGuru

SA mining has changed forever

By: Stewart Bailey


Posted: 2002/06/25 Tue 18:13 ZE8 | © Miningweb 1997-2002


JOHANNESBURG

The investment climate in South African mining and resource sectors will be forever changed after the industry`s new Minerals and Petroleum Development bill is passed into law. Senior executives at some of the country`s leading mining houses, speaking on the condition of anonymity, said the bill in its current form was confusing and left a veil of uncertainty over the industry which would influence future investment in mining projects.
"We are no longer in the position of clear and certain law. Now we are in a period of ministerial discretion and it is a time of `it all depends`," said one mining executive. "We don`t think the government has a clear idea of how this thing is going to work," he said.

The act has already been approved by the South African cabinet and will be presented to President Thabo Mbeki today for his signature, the final protocol before it is passed into law. Khanyo Gqulu, the spokesman for the department of minerals and energy, says the president would be at liberty to request changes to the bill before passing it into law, although he said any major changes were unlikely.

One senior industry source, said the earliest the bill would be enacted was August 15.

But the industry and the government appear to be at cross-purposes as to how the new law will be implemented. Mining bosses questioned by Miningweb appear to believe mineral assets may not be used to securitise loans, while the government is adamant the leases can used as collateral in fund raising.

Gqulu says fears that mineral deposits have been sterilised from a funding point of view, are unfounded. "Under the new law, the mining companies can raise money against the assets. We have spoken to the IDC (Industrial Development Corporation), the DBSA (Development bank of South Africa) and to other banks and they`ve said there`s nothing in the bill that stops them from lending money," says Gqulu. "We want people to raise capital so that mining can continue," he said.

Fighting talk

That all sounds reasonable, although the government short of allowing mining companies carte blanche with the deposits to which they hold the licenses. Gqulu says any restructuring or sale of the asset needs to be approved by government, as a fail-safe to guard against "further concentration of the resource base". "They must notify the government (if they sell or cede mining licenses), because we don`t want the (mining licenses) to be sold and merely to further the concentration of the industry," said Gqulu.

He says the state`s main priority is to "break the existing monopoly (in the minerals sector) in order to stimulate a vibrant and fiercely competitive mining industry".

These words might strike an ominous note for Anglo Platinum, De Beers and ultimately, parent company Anglo American. Both vassals of the London-listed diversified giant have over the past century amassed the lion`s share of the platinum and diamond reserves in South Africa, a fact which clearly does not sit well with the government.

The danger to investors is that the state`s concerns over concentration and dominance of the local minerals sector will constrict Anglo American`s two main growth avenues – platinum and diamonds.

Quid pro quo

Gqulu says the state has not intentionally obstructed the approval of mining licenses to the country`s majors under the existing legislation. He confirms, however, that all companies operating in South Africa will have to re-apply for mining licenses on all its properties once the new law is enacted. This could have sweeping implications for mining groups across the board, even gold producers which have until now been seen as exempt from the new legislation.

"But it has been made favourable for them. The minister is required by law to approve those applications," he said.

The minister`s approval, however, will not come without a legislated quid pro quo from the mining companies. Each will have to present the state with a comprehensive and well financed environmental and social plan, as well as a black empowerment strategy which satisfies the tenets of a broad charter on empowerment in the mining sector (which has yet to be agreed upon by the industry`s stakeholders).

The government`s newfound gripe with concentration of the minerals reserve base, however, could nullify Angloplat and De Beers` best efforts at satisfying the government`s environmental, social and black empowerment objectives.

Too little too late

The one kernel of truth and certainty that has emerged, though, is that the high level discussions between prominent business leaders and the government this weekend, were left too late.

"We can safely say that this thing was left with the lawyers for too long… The time for debate is past and we have now switched into the implementation phase," said the mining executive.

His fatalism is shared by many of his peers, although most are holding their breath that the long passage of the bill into law – which was started on its way today - will allow an opportunity for some more tweaking to the legislation, which will hopefully quell the uncertainty most are expecting to wreak havoc with South African miners` valuations.

[ThaiGuru]

Die Richtung stimmt schon wieder!

[ThaiGuru]

http://www.newsalert.com/bin/story?StoryId=CprFQWbebCgfRAxn0…

June 25, 2002 14:19

Pakistan presidential aide found dead

Date: Tuesday, June 25, 2002 2:19:12 PM EST

ISLAMABAD, Pakistan, June 25 (UPI) -- A close aide to Pakistani President Pervez Musharraf was found dead in his room Tuesday. A note left near the body said he was killing himself, but sources within the aide`s party say he was murdered.


--
Copyright 2002 by United Press International.
All rights reserved.

[ThaiGuru]

Es gibt im USA Goldboard Stimmen die eine baldige Yen Abwertung, als Lösung aus der japanischen Misere voraussagen!

Gruss

ThaiGuru




http://www.japantimes.co.jp/cgi-bin/getarticle.pl5?nb2002062…

Wednesday, June 26, 2002

BOJ may have to go it alone against dollar

By MASAKI KOSE

Japan tried to keep a low profile at the recent meeting of Group of Seven finance ministers in Halifax, Nova Scotia. However, the United States insisted that Japan take more steps to revitalize its economy.
The U.S. officials taking part in the G-7 meeting avoided spelling out concrete measures that they deem necessary for Japan to take, since such an action could be construed as an interference in Japan`s domestic affairs.

But the real intentions of the White House must have been made known to the government of Prime Minister Junichiro Koizumi. This is apparently behind the move by Finance Minister Masajuro Shiokawa to order a freeze on personnel transfers at the ministry.

The U.S. has been urging Japan to introduce tax reforms that will contribute to economic growth over the short term. However, Finance Ministry officials and the government`s Tax Commission oppose such reforms, calling instead for a tax increase. Such a collision of opinion between the two sides appears to be intensifying.

At this moment, discussions on economic policies, including antideflation measures, are making little progress. This situation has discouraged many foreign investors, triggering recent falls in the Nikkei average on the Tokyo Stock Exchange.

Many investors remain bearish on U.S. stock market prospects, due to concerns over the Middle East and sluggish corporate profits, and people continue to worry about a possible sharp plunge in share prices. An excessive fall in the stock market could accelerate depreciation of the dollar, a result undesirable for the U.S. government.

Theoretically, there is room for central banks of other major industrial nations, including the European Central Bank and the Bank of Japan, to ease their policies to halt a sharp fall of the dollar.

However, the ECB has no intention to change its monetary policy and instead condones the rise of the euro. That leaves only the BOJ to introduce additional monetary easing.

While the Finance Ministry will probably continue to order yen-selling market intervention, government pressure on the BOJ for additional monetary steps, to increase outright purchases of Japanese government bonds, is expected to intensify day by day.

Masaki Kose is a Fisco Ltd. analyst.

The Japan Times: June 26, 2002
(C) All rights reserved

[Prof.Goldhagen]

Der Yen ist einer der wenigen "Opferanoden", die den Amis noch übriggeblieben sind.

Bei der Wahl, welches Land geopfert wird, ist doch wohl klar, daß erst Japan untergehen muß.

Dann Europa.

Der Yen wird schwach, aber der Dollar muß noch schwächer werden.

Währungsgewinner sind Euro und Aurum.

Wenn alles nichts hilft, muß eben WWIII beginnen.

[ThaiGuru]

Nach Kanada, USA, SA, jetzt auch schon in China!

Dieser Bericht wurde ursprünglich von der South China Morning Post, Hongkong am 25. Juni 2002, zum Thema des "Royal Bank of Canada" "Goldberichtes" veröffentlicht, und von CNN dupliziert.

Dieser Bericht verbreitet sich immer mehr auf dieser Welt!

Gruss

ThaiGuru



http://cnniw.yellowbrix.com/pages/cnniw/Story.nsp?story_id=3…



Missive adds weight to gold conspiracy theory

Source: South China Morning Post
Publication date: 2002-06-25


The gold bugs got a boost at the weekend. An investment letter by John Embry, a money manager with the Royal Bank of Canada, appeared to back the central argument of conspiracy theorists who for more than three years have been crowing about the co-ordinated attempt to keep the yellow metal low.
According to the theory, the United States Federal Reserve, the Bank of England, a consortium of Wall Street banks headed by JP Morgan and Goldman Sachs, and others ganged together in the mid- 1990s to keep the price of gold at less than US$290 an ounce.

In Mr Embry`s letter - later called an "internal" piece and played down by his bank - the manager reportedly asserted that manipulation of the gold price began in 1995 and that "those with a vested interest in containing the price of gold - central banks, bullion banks, heavily hedged gold companies - will not die easily, but the tide is moving strongly against them".

The price manipulation theorists - who include the Gold Anti- Trust Action Committee (Gata) - took Mr Embry`s words as a huge vote of confidence for their take on the depressed gold market of the 1990s.

The gold bugs hold that the price has been manipulated by the massive short positions built up by banks over the years - positions aided by an extremely generous lease rate of about 1 per cent by the central banks.

Gold producers, too, have played a part, taking out billions of dollars of derivative contracts to hedge against the falling prices, they maintain.

The banks have purportedly been borrowing the gold, selling it on the market and ploughing the sales proceeds into better performing assets.

That has left them with tens of billions of dollars in short positions in gold; a serious enough increase in prices and the global financial system starts looking wobbly.

Hence, the theorists say, the bailout of hedge fund Long Term Capital Management in 1998 was, in part, an attempt to keep the price of the yellow metal depressed.

Gata accused the hedge fund of being short 300 tonnes of gold but a letter from the fund`s lawyers saw Gata back down.

The gold bugs also contend that the US authorities have been keeping gold prices depressed to bolster the price of the US dollar and maintain the trade deficit, allowing the US to maintain its position as investment destination par excellence and paying for the late 1990s boom.

Dismissed by many as a few cans short of a six-pack, the gold bug theorists have nevertheless kept their foes busy over the past few years.

They have published report after report exposing the banks` and producers` positions as well as studies of central bank gold hoards. They prompted the introduction of a bill in the US House of Congress forbidding the Federal Reserve and Treasury from intervening in the gold markets and took the Bank for International Settlements and Alan Greenspan, among others, to court for manipulation. The case was thrown out of court last year.

The mainstream line is that gold slumped because of a widespread perception at the end of 1990s that, with the inflation demons tamed, it was a relic of a former world.

Not that any recent events - including oversupply in the past decade, the sudden rise in gold prices on renewed Japanese buying and growing investor risk aversion - have shaken the gold bugs` conviction.

"This is one of the most important reports ever written on the gold market. They understand the dynamics being played out," Gata chairman Bill Murphy said.

Publication date: 2002-06-25

***

Hier noch die E-Mail der GATA zum Bericht:

2:08p ET Tuesday, June 25, 2002

Dear Friend of GATA and Gold:

The gold price suppression story rumbles on around
the world.

Today`s Toronto Globe and Mail published on Page B-14
the commentary dispatched to you earlier today from
the newspaper`s Internet site.

And the South China Morning Post, the big English-
language newspaper in Hong Kong, today published its
own story about the pro-gold, pro-GATA report issued by
a fund manager for RBC Global Investment Management
Inc. While the newspaper`s Internet site is available
mostly by subscription -- china.scmp.com -- CNN`s
Internet site reproduced the story, and a check of the
index at the Post`s Internet site confirms that the
story was indeed published today.

The Post story is fascinating for its inclusion of
details of GATA`s work that haven`t been reported in
the RBC controversy. Someone at the Post has been
looking up stuff on us, not just recycling other
recent news reports. But the Post makes one mistake:
It says GATA retracted its claim that Long-Term
Capital Management Inc. was short gold. In fact,
LTCM stopped pursuing the issue when GATA stood by
its claim.


CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

* * *

[ThaiGuru]

Im nachbörslichen Handel fällt die Nasdaq munter weiter!

[ThaiGuru]

June 25 - Gold $319.70 down $4.20 - Silver $4.83 down 3 cents

Action Jackson Time For Gold Could Come Any Day

What more does anyone need to see to comprehend that the gold market is being manipulated. The dollar closed at 108.10, which is a new low close for the move; the stock market was trashed with the Dow finishing at 9127, down 155; and the DOG swooned to 1424, down 36. Worse for the overall market, the transportation index, which had held up very well, collapsed, closing at 1627, right above its 200-day moving average of 2620. And, commodity prices firmed again with the CRB closing at 207.19.

There was a rumor circulating around the banking world that Cisco was going to warn at a London tech conference. The NASDOG 100 was weak all day and led the stock market to the downside, giving credence to the rumor so far.

According to the pundits who routinely comment on gold, that should have been a recipe for gold to rock up, not be trashed. How will they explain today’s gold action? ZZZZZZZZZ.

It appears to me The Gold Cartel is in a near state of panic. They have to be worried about the stock market action, which is tumultuous. The volatile failed rallies ought to give them concern of a potential crash. They have to be concerned about the dollar falling apart. They also know that if gold breaches $330 on the upside, the gold derivative neutron bomb will go off, which could result in severe financial distress at certain “prestigious” bullion banks.

Therefore, they had to feel they needed to smash gold and move it as far away from $330 as they could. I did not think the gold rigging could be more obvious than yesterday. Then, we get today’s take down.

Tomorrow’s Treasury’s 2-year note auction was cancelled late in the day. That is not exactly a confidence builder for U.S. financial markets either.

Now what for gold?

I keep looking for the day when gold comes in $10 higher and shoots up the rest of the day in New York. That could come at any time. That is why it is important to stay fully invested in gold share positions. When the move comes, it will be historic. Gold can only break thru $330 if The Gold Cartel gives up, or is FORCED to give up. World and financial events make that more likely to occur by the day.

Around 70,000 contracts traded on the Comex today with 20,000 contracts changing hands the last hour. That last hour is significant. Due to the declining dollar and stock market failure, gold was rallying. The Gold Cartel had to sell and sell and sell to keep gold down. At some point, they will just not be able to do it anymore - especially with the GATA story gaining momentum around the world.

The South China Post story was big, as were the Miami Herald, Globe and Mail and www.theminingweb.com stories. American Metal Market is doing a story on GATA. Expert, a popular Russian business magazine will have a substantial GATA pictorial story out any day and a El Hayat, the London-based and influential Arab newspaper is doing a GATA story. The worldwide press on GATA’s findings has to bring in investment demand for gold.

These are exciting and prosperous times for us gold bugs.

www.lemetropolecafe.com

[ThaiGuru]

The John Brimelow Report:

Indian ex duty premiums:AM 44c, PM 20c, with world gold at $323 .35 and $323. Below legal import point, but about $2 stronger than yesterday, when of course the Indians were facing $326+ gold. Gold in the teens would probably generate reasonable demand.

Yesterday, of course, gold was hit by a powerful bear raid at the close. "..gold succumbed to speculative selling and ended the session at the low." (UBS Warburg) "..the yellow metal fell sharply on Funds selling .." (Standard London). A quarter of the days` volume traded in the last half hour. Fairly heavy selling on Access following the Comex close, driving gold down another $2, supporting the concept that, at least in part, this was short selling - what kind of long sells in the thinnest time of the gold trading day?

In Japan, however, this seems to have been greeted as an opportunity. On volume equivalent to 29,488 Comex lots, 14% more than yesterday, open interest rose a further 498 Comex contracts. Nihon Unicom remarks "Downward potential was limited on the sense the JPY advance was slowing down. The bottom-out is coming probably." And indeed there seems generally to be a wider acceptance that the BOJ may succeed in preventing appreciation of the yen. A couple of commentators also report some other Asian buying of physical.

At this point, since a heavy 21,000 contracts have traded by 11am, and it is clear the Bear is not retreating, it is probably wise to peer through the noise and smoke and look at the fundamentals. Bridgewater Associates, in an interesting "Daily Observations" yesterday, argued that the yen`s rise was due to excessive tightness by the BOJ, and not equity inflows (and they deploy a persuasive chart to support this):
"Long term, we expect the yen will have to weaken as a new wave of weakness in the economy eventually forces the BoJ to inject much more liquidity." Today Japan`s Finance Minister Shiokawa called for Monday`s intervention not to be sterilized: just as Bridgewater recommended. Equally interesting is a David Hale article in todays` FT arguing that a substantial dollar decline, which he apparently sees as inevitable, will be "likely to provide an important boost for the global economy."

He expresses the view that Greenspan will keep interest rates low for fear of an Iraqi-conflict induced oil shock in the Fall, and that Europe and Japan will be forced to reflate to counter the effect of a weak dollar:


"The effect of all this could give a tremendous boost to the growth rate of the global economy during 2003 and 2004. Competitive global monetary reflation will probably encourage commodity prices to appreciate ..."

Hale is widely thought to enjoy associate status in governmental sources in Washington, raising the possibility that he is kite flying for his friends. It sounds congenial for golds` friends.. See http://news.ft.com/servlet/ContentServer?pagename=FT.com/Sto…
FullStory&c=StoryFT&cid=1024578196304&p=1012571727088" target="_blank" rel="nofollow ugc noopener">http://news.ft.com/servlet/ContentServer?pagename=FT.com/Sto…
FullStory&c=StoryFT&cid=1024578196304&p=1012571727088

JB

[ThaiGuru]

Für diejenigen unter den Lesern die es noch nicht wissen sollten:

Worldcom ist in den USA nachbörslich um 71% eingefallen!

Panikartig haben die Anleger diese Aktie rausgehauen, als bekannt wurde, dass die Firma ihre Bilanzen "frisiert" hat, und den Gerüchten zufolge wahrscheinlich Chapter 11 (Konkurs) beantragen muss.

Macht Euch heute auf ein Blutbad an den Börsen bereit.

Den Goldpreis, und damit auch die Goldaktien wird es freuen.


Gruss

ThaiGuru




http://biz.yahoo.com/rb/020625/telecoms_worldcom_2.html

Tuesday June 25, 7:35 pm Eastern Time

Reuters Business Report

Report: WorldCom Engaged in Massive Fraud

NEW YORK (Reuters) - Telecommunications giant WorldCom Group Inc. (NasdaqNM:WCOM - News) has been engaged in a massive fraud, inflating its cash flow by about $3.6 billion over the past five quarters, according to a news report.

Citing sources close to WorldCom`s board of directors, CNBC reported that Chief Financial Officer Scott Sullivan -- who it said was fired over the past 48 hours -- inflated WorldCom`s earnings before interest, taxes, depreciation and amortization, a measure of cash flow know as EBIDTA.

The beleaguered telecom firm has been reporting as capital expenditures costs that should have been treated as ordinary expenditures, and is planning to restate its financial statements in the near term, CNBC said.

Shares of WorldCom sank on Tuesday after-hours trading plunged to 36 cents per share on Instinet, down from a close of 83 cents on Nasdaq.

WorldCom could not be reached immediately for comment on the report.

"This is absolutely wrong," said Patrick Comack, an analyst Guzman & Co. who covers WorldCom. "This is shocking, it`s mind-boggling. If it`s true, it`d be hard for them to avoid bankruptcy."

WorldCom has been in talks with its banks and they are aware of the alleged fraud, the report said. This new revelation will make it very difficult for WorldCom to raise any new money and they may have to file for bankruptcy, the report said.

"I would assume the banks would do an about-face," Comack said, adding that WorldCom needs the credit line to meet its debt maturities next year.

The report, if true, would be the latest in a string of troubles for the firm. It would also add to a larger crisis of confidence on Wall Street where some of America`s biggest companies are under federal investigation for accounting fraud and management chicanery.

An SEC spokesman declined to comment when asked if the agency was aware of the alleged financial fraud at WorldCom being reported by CNBC.

In April, WorldCom said it may sell up to $2 billion in assets, including the wireless resale business, as well as its stakes in Latin American telecom companies Avantel of Mexico and Embratel (NYSE:EMT - News) of Brazil. Proceeds from any sales would be used to pare WorldCom`s debt load, which totaled $27.9 billion at the end of the first quarter.

The company last month said it would scrap its tracking stocks and dividend payments, saving $284 million a year. Analysts expect the company to cut its already reduced capital spending budget by another $1 billion to about $3.5 billion.

WorldCom faces a regulatory inquiry into its accounting practices and personal loans it made to former Chief Executive Bernie Ebbers. WorldCom Group`s stock was removed from the Standard & Poor`s 500 Index, and credit ratings on its $30 billion in debt were slashed to "junk" status.

The company is in talks to secure $5 billion in new funding to help restore investor confidence after its stock plunged 90 percent this year. It said expects to have the financing in place this month.

[ThaiGuru]

ROXIO die bekannte USA Software Firma, verlor am Dienstag nachbörslich fast die Hälfte ihres Wertes, nachdem sie schlechte Zahlen und Aussichten bekannt gaben.

Solche, oder ähnliche Meldungen werden wir wohl in nächster Zeit noch öfters zu hören bekommen.

Das Gold und die Goldaktien wird es freuen!

Und dem Goldcabal wird es bald das Rückgrat brechen.

Gruss

ThaiGuru

[ThaiGuru]

ROXIO die bekannte USA Software Firma, verlor am Dienstag nachbörslich fast die Hälfte ihres Wertes, nachdem sie schlechte Zahlen und Aussichten bekannt gaben.

Solche, oder ähnliche Meldungen werden wir wohl in nächster Zeit noch öfters zu hören bekommen.

Das Gold und die Goldaktien wird es freuen!

Und dem Goldcabal wird es bald das Rückgrat brechen.

Gruss

ThaiGuru

[ThaiGuru]

ROXIO die bekannte USA Software Firma, verlor am Dienstag nachbörslich fast die Hälfte ihres Wertes, nachdem sie schlechte Zahlen und Aussichten bekannt gaben.

Solche, oder ähnliche Meldungen werden wir wohl in nächster Zeit noch öfters zu hören bekommen.

Das Gold und die Goldaktien wird es freuen!

Und dem Goldcabal wird es bald das Rückgrat brechen.

Gruss

ThaiGuru

[ThaiGuru]

ROXIO die bekannte USA Software Firma, verlor am Dienstag nachbörslich fast die Hälfte ihres Wertes, nachdem sie schlechte Zahlen und Aussichten bekannt gaben.

Solche, oder ähnliche Meldungen werden wir wohl in nächster Zeit noch öfters zu hören bekommen.

Das Gold und die Goldaktien wird es freuen!

Und dem Goldcabal wird es bald das Rückgrat brechen.

Gruss

ThaiGuru

[ThaiGuru]

June 26 - Gold $320.70 up $1 - Silver $4.84 up 1 cent

The Gold Cartel is Ruining American Financial Markets

How could the stock market close unchanged today? One could understand that if the WorldCom news was expected. But, it was not. It shocked the financial markets.

ONCE AGAIN, the stock market was not allowed to be trashed two days in a row. In addition to the $2 gold rule, we now have the two day save the stock market rule.

The Working Group on Financial Markets (PPT) is working overtime to manage the U.S. financial markets.

Some of today’s news stories:

Clinton, Mississippi, June 26 (Bloomberg) -- WorldCom Inc.`s disclosure that it concealed losses for more than a year may make the company file for bankruptcy, surpassing Enron Corp.`s collapse as the largest in U.S. history, investors say.
The report that the No. 2 U.S. long-distance telephone company hid $3.9 billion in costs and fabricated profits gave fresh ammunition to a Securities and Exchange Commission accounting probe and spurred the Justice Department to consider a criminal inquiry WorldCom borrowed $30 billion during a 1990s acquisition binge and is having trouble repaying debt as demand for services crashed

Denver, June 26 (Bloomberg) -- Shares of Qwest Communications International Inc. fell as much as 71 percent amid investor concerns that U.S. regulators will force the telephone company to restate results after rival WorldCom Inc. disclosed it hid losses.
``They probably will have to restate,`` said Donna Jaegers of Invesco Funds Group, owner of about 5 million Qwest shares. ``People are painting it with the same brush as WorldCom,`` said Jaegers, who doesn`t believe Qwest committed fraud, though its accounting for some sales was ``aggressive,`` she said.

Sao Paulo, June 26 (Bloomberg) -- Brazil`s bonds fell for a second day as central bank President Arminio Fraga failed to reassure investors that the country will be able to pay its debt. WorldCom Inc.`s disclosure that it hid losses also weighed down prices.

New York, June 26 (Bloomberg) -- Citigroup Inc., J.P. Morgan Chase & Co., and Mellon Financial Corp. shares tumbled on concern WorldCom Inc. won`t repay at least $4.5 billion of bank loans.
Citigroup, the biggest financial services company, fell $2.75, or 7 percent, to $36.40, its biggest drop since March 2001. J.P. Morgan`s shares fell 6.56 percent and Mellon shares declined 6.5 percent.
The prospect that WorldCom may file for bankruptcy fueled investor concern that banks may add to loan losses from Enron Corp.`s collapse, Argentina`s debt default and a two-month slump in Brazil`s bonds and currency.

New York, June 26 (Bloomberg) -- Dennis Kozlowski, the former head of Tyco International Ltd. who resigned this month after being accused of tax evasion, pleaded not guilty to new charges of tampering with evidence to impede a criminal investigation.
A new indictment accuses Kozlowski of removing a phony shipping document from a file at Tyco`s offices in Boca Raton, Florida, before the file was delivered to New York prosecutors. Kozlowski previously prepared the false document, the indictment says.
Kozlowski, who made more than $300 million as head of Tyco before resigning June 3, was charged a day later with conspiring with art dealers to avoid sales taxes on $13.2 million worth of art he bought for his Manhattan apartment. Tyco`s shares have plunged 79 percent so far this year. Kozlowski is one of several corporate chief executives ousted amid accounting scandals and falling share prices.

-END-

www.lemetropolecafe.com

[ThaiGuru]

Not exactly inspiring!

Then, there was more damning evidence and obstruction of evidence charges against Martha Stewart. Get Leona Helmsley’s old cell ready for this one.

Midas commentary is becoming a broken record. Once again, the gold goons capped gold from advancing and protected $330 from being taken out. Can it be any more obvious?

Like I have been saying for years. The only thing that REALLY matters as far as the price of gold is concerned is the activity of The Gold Cartel. Until they give up, or are forced to give up, gold will not go through $330. The dollar can go to 80 and it will not matter. If any Café member did not believe that before, you surely must now. Over the past 3 weeks, the dollar has TANKED sharply and gold has gone lower.

I know most of you out there have to be as mad as I am. Will the gold industry ever say, or do, anything about this gold abuse? Today, I received a phone call from a very knowledgeable person who was in Washington during right after the Washington Agreement was announced on September 26, 1999. A colleague of his was an attorney for the House Banking Committee. My source was told that the Fed sold gold through J.P. Morgan no less than 3 times to stop the price advance. That confirms what Reg Howe said in his law suit in Boston Federal Court.

We have a financial tragedy unfolding at the moment. The rigging of the gold market by the United States Government to foster the ill-conceived strong dollar policy of former Treasury Secretary Rubin and the Clinton crooks is backfiring. Simplistically, gold was kept at an artificially low price to give greater confidence in the US dollar and in the US financial markets. It took away the barometer from the average American that all might not be well with the US stock markets.

That sort of philosophy from our own government spread throughout the bullion banking world. Banks like J. P. Morgan Chase and Goldman Sachs adopted the “do whatever you want to do, regardless of right or wrong, way" of doing business. It spread to the companies they did business with. The rots of the Tycos, World Coms and Enrons are everywhere. The Café contributors have been reporting on this for years. Main Street is now finding out as one company after another is disappearing, as are their investments in those companies.

I thought Clinton, Summers, Greenspan and Rubin were the worst, but President Bush and Treasury Secretary O’Neill are gaining fast. Bush was out today talking about his “outrage” at the corporate goings on in America. He said that we must "strive for the highest of standards." Meanwhile, he has his Working Group on Financial Markets and Gold Cartel rigging the stock and gold markets. As a result, the investing public is encouraged not to panic and to stay with their stock market investments. But, the rot is too big and too systemic. The stock market continues to make new lows. The US investing public is being conned by Wall Street and our own government. It is revolting and will end badly. I expect there will be rioting before it is all over. What a shame. Bush is a lost soul!

www.lemetropolecafe.com

[ThaiGuru]

The John Brimelow Report:

Indian ex duty premiums: AM ($1.70) PM ($1.42), with world gold at $325 and $324.80. Below legal import point, and sharply lower than yesterday as usual on a spike like this. Duty works out at $15.91 per oz today, so Indian gold is well above world gold before duty is considered.

Dynamic action in Tokyo this morning, with a huge volume equivalent to 56,548 Comex contracts changing hands, 92% above yesterday`s already heavy volume. World gold rose above $325,some $5 above the NY close but the strong yen caused a 13 yen loss in the active yen contract, and open interest fell by 1087 Comex lots. This put the contract below 1250 yen, the lowest for six weeks, which may well revive bottom fishing buying on a calmer day. For the present, however, the interesting question is, where all this selling coming from?

In fact, the same question applies to Comex yesterday, where a massive 70,000 contracts is estimated to have traded. On the abrupt $4 break down 11 am-12 noon, 19,000 were estimated to have changed hands, and on the less impressive (if welcome) $1 rally in the last half hour 22,000, either of which would be a respectable days` volume quite recently.

"The yellow metal broke below $320 with Funds selling a feature" reports Standard London. "As gold traded though $321/oz stops were triggered and heavier and heavier selling was seen both OTC and on the Comex floor." says UBS Warburg. Heavy selling towards $325 during Asian hours this morning could therefore be seen a a defence of the positions established by the Bear raid which started on Monday evening on Access. UBS Warburg also suggests that an urgent defence of the $325 strike options could be a factor.

However, the option expiry was at 9 30 EST time this morning, and gold has not rallied as UBS expected. Neither have lease rates risen, which usually happens on a rapid short build up. Therefore the diagnosis must be that serious Central Bank activity, probably both selling and lending, is present to some significant degree.

However, whether official, private sector, or some alliance, the sellers have a problem. "Decent physical demand was seen in gold, the best that we have seen for some weeks, as XAUEUR fell below 330." says UBS Warburg. This morning: "Good buying of gold was seen up to the $324 level with any dip provoking further interest." Standard London concurs that yesterday "physical bids helped the price to stabilize around $318" Dow Jones quotes a Sumitomo Corp. precious metals trader saying that "already , with the weaker U.S. dollar...Japanese investors are buying spot gold". The point is that a lower dollar, which as remarked yesterday may even be starting to become policy in Washington, sooner or later will push gold up if only because of Asian peasant demand.

That the sellers are concerned may be deduced from the rash of stories overnight to the effect that the market is overbought, starting with interviews with Japanese Trading House sources, notorious for only granting them when they are motivated to influence the market, usually by lying. "Large Long Positions Cap Gold`s Rally On WorldCom Woes" headlines Dow Jones, in a story collecting these assertions including the Sumitomo man hopefully saying "Gold could fall to US$300/oz in the short term if long-position holders on Tocom chose to sell". If that were not enough, Reuters from London has produced a report with no obvious news hook speculating that European Central Banks will step up the pace of gold sales when the Washington Accord expires.....in 2005!

At this point it is well to remember that the great bulk of the gains in gold equities made on the occasion of the ending of the London Gold Pool were in fact made BEFORE the Central Banks capitulated in March of 1968.

Anyone who doubts that general circumstances are bad enough to cause Officialdom serious problems would do well to read Richard Russell`s comments of last night. I do not recollect this veteran stock market observer sounding more alarmed.

JB

[ThaiGuru]

LATE RALLIES ROUSE SUSPICIONS

By Peter Brimelow
CBS.MarketWatch.com
Thursday, June 27, 2002

http://cbs.marketwatch.com/news/story.asp?print=1&guid={6EE0…
4E26-9E05-CB452F73582A}&siteid=mktw" target="_blank" rel="nofollow ugc noopener">http://cbs.marketwatch.com/news/story.asp?print=1&guid={6EE0…
4E26-9E05-CB452F73582A}&siteid=mktw


NEW YORK -- These days, violent market reversals are
really making everyone queasy -- even when they finish
with a closing rally, like Wednesday and Monday.

Tuesday`s closing triple-digit Dow loss, coming after a
triple-digit gain earlier in the day, claimed a notable victim in investment letterland: TheDowTheory.com`s Jack
Schanepp, who announced that the action constituted a
Dow Theory sell signal.

By Schanepp`s count, this means he lost 4.8 percent on
his bold bullish call last November.

Just last week, I noted that Schanepp was one of two Dow
Theory letters maintaining that the bull market was still intact.

Now there is one: Dow Theory Forecasts http://www.dowtheory.com

It says it`s still bullish. But it`s sounding, well, queasy.

But even days that end with a rally make some letters unhappy. This is because the pattern of sudden last-hour buying feeds the suspicions of those who believe that the authorities have been systematically intervening in the stock market, trying to manage the bursting of the Great Bubble of the 1990s.

It`s a hairy theory, typical of letterland`s willingness to think what Wall Street thinks is unthinkable.

Most letters post their market comments too late for us to
check what they were saying about this issue by press time. But

On The Money`s Dennis Slothower http://www.onthemoney.com
had this intriguing comment last Friday about a market in which everyone accepts there is official intervention -- foreign exchange.

"I can`t help but wonder when the Euro was falling out of bed a year ago if some sort of agreement was reached between the central bankers to bring the Euro up and the dollar down in order to reach a parity between the two currencies. Certainly trade balances had grown all out of whack as we saw even with yesterday`s trade report. We are now reaching this parity...

"The dollar is plunging fast and panic selling is overtaking the markets. When fear and pain get too severe as we are seeing now, the central bankers are more likely to take some action to stabilize things. This isn`t because they care about how much pain you are suffering, but rather plunging markets become far more unruly to manage and more expensive to stabilize, the more panicky it becomes....

"We are beginning to feel an ominous threat to the markets (and I believe world markets too) if these critical supports are violated at the September lows. You can be sure the central bankers are very aware of this threat."

And one letter who does post his daily comments immediately
-- Dow Theory Letter`s Richard Russell
http://www.dowtheoryletters.com -- included a long attachment about a leaked Royal Bank of Canada report which appears to be the first financial establishment endorsement of the thesis, long and vigorously argued by Bill Murphy`s LeMetropole Café http://www.lemetropolecafe.com website, that the gold price is being held down to mask gathering financial instability.

Gold`s early rally certainly got squashed Wednesday -
paradoxically in view of the weak dollar.

Russell isn`t worried -- he expects gold to trade some multiples higher eventually. He has speculated about stock market manipulation in the past. But yesterday, as the leading bearish Dow Theorists at the age of 78, he was savoring what looks like the rout of his younger rivals.

-END-

[ginagina]

http://www.handelsblatt.com/hbiwwwangebot/fn/relhbi/sfn/buil…

AUSZUG aus dem Handelsblatt 27.6.02
Vor dem Abschluss des Gipfels der sieben führenden Industrieländer und Russlands wollten die Teilnehmerländer einen Aktionsplan für Afrika beschließen, mit dem afrikanische Länder bei Eigeninitiative zur Besserung ihrer Lage stärker gefördert werden sollen. Zudem sollen mindestens 50 % zugesagter zusätzlicher G8-Mittel für entwicklungspolitische Zusammenarbeit - es geht um Zusatzmittel von im Jahre 2006 insgesamt zwölf Mrd. Dollar jährlich - in Länder Afrikas fließen sollen, die solche Eigeninitiativen ergreifen und eine "gute Regierungsführung" vorweisen können.

Den Beschluss der G-8, Russland 2006 zum Vollmitglied ihrer Achtergruppe zu machen, nannte Schröder ein sehr wichtiges Thema für Russland, wie für Deutschland und das restliche Europa. Russland soll dem Beschluss zufolge erstmals im Jahr 2006, in dem ursprünglich Deutschland Gastgeber werden sollte, einen Weltwirtschaftsgipfel ausrichten. Mit der Vollmitgliedschaft wird Russland künftig in G-8-Untergremien vertreten sein, wie der bisherigen G-7-Finanzministerkonferenz.

Bundeskanzler Schröder wie die anderen Gipfelteilnehmer rechnen fest mit einem Wirtschaftsaufschwung in der Welt. "Alle Fundamentaldaten zum Beispiel in Deutschland aber auch in Europa weisen in Richtung Aufschwung", sagte Schröder. "Mein Eindruck ist, dass wir auf einem sehr guten Weg sind in Europa, in Deutschland zu Mal", ergänzte er. Ganz besonders aus den USA, aber auch aus Japan, kämen günstige Signale. Die weltweite Besserung sei gerade für die exportabhängige deutsche Wirtschaft außerordentlich wichtig. Wie aus US-Kreisen verlautete, beschloss der Gipfel zudem, 20 Mrd. Dollar (rund 20,3 Mrd. € aufzuwenden, um in Russland und anderen Staaten auf dem Gebiet der einstigen Sowjetunion gefährliches Nuklearmaterial, aber auch andere Risikostoffe, zu beseitigen oder sicher zu lagern. Die Hälfte des Geldes werde von den USA bereitgestellt, hieß es weiter.


-----------
Na dann buddelt mal schön. Aber wieso habe ich nur das Gefühl das wir da gerade das fehlende Gold gekauft haben???

[kaepntnemo]

aus china daily
IN BRIEF (Page: 6, Date: 06/27/2002)

06/27/2002

SHANGHAI
Gold exchange

China`s "Big Four" State banks are striving to be the first firms to be awarded gold trading licences as the country forges ahead with full liberalization of its precious metal market, bank officials said yesterday.

The Bank of China, the Industrial and Commercial Bank, the China Construction Bank and the Agricultural Bank have applied to the foreign trade ministry for approval to import and export gold, gearing up for the launch of the country`s first gold exchange.

But gold is considered an important constituent of strategic reserves, and authorities will control imports and exports by issuing quotas, bank officials said.

[ThaiGuru]

The John Brimelow Report

Indian ex duty premiums: AM $1.42, PM $3.93, with world gold at $320.15 and $318.20. Much stronger than yesterday, of course: the PM is less than $1 below legal import point. The dip below $317 when NY opened may well have seen some Indian nibbling.

Tocom gold longs had the unpleasant experience this morning of finding the healthy gold rally they experienced yesterday completely eradicated and reversed, the yen very strong again, and Wall Street unscathed. Not surprisingly they fled: open interest fell the equivalent of 4,590 Comex contracts on very heavy volume equal to 57,802 lots (NY volume yesterday was estimated at 41,000) As Mitsui –HK reports:

“Good volume changed hands in gold in Far East in narrow range – Tocom selling and professional buying. As liquidation tapered off and soon physical demand gathered force, gold crept higher in p.m. session.”

(Physical demand responds to a lower yen price; Tocom gold buyers prefer a weaker yen)

Some play is being made (and much more would be made if Andy were around) with the disappointing 3.06 tonnes of gold imports into Japan in May. At that time
there was a sizable reduction in Tocom open interest, since recovered somewhat: June should be stronger. But the concerns which triggered the Q1 buying are still
there as discussed below. In an interesting article in the Nihon Keizai Shimbun yesterday, the ongoing appetite for cash holdings is discussed, and also the demand for safes and Deposit boxes to store it. A Safe maker has

“has only been this busy three times in its history -- in the 1960s when many regional banks built their main branches; in the late 1980s amid the bubble economy; and immediately after the 1995 Great Hanshin Earthquake”

and

“More surprising, banks are demanding the safes be sturdy enough to accommodate gold ingots, an order the firm says it has never encountered in its 50 years of making the boxes for financial institutions”

Nevertheless, it must be conceded that the Bears struck a heavy blow yesterday, and there is widespread disappointment. Standard London politely says

“It seemed likely that the $325 option strike would be triggered as we headed towards expiration time but good selling emerged to keep the price below this key
level”

and UBS Warburg amplifies”

“Good two way trade was seen throughout the session with the cheap local currency gold prices proving attractive to some physical buyers. One US bank was a noted seller of gold all day and many other professionals sold from time to time.”

Obviously in a rout all kinds of sellers are swept into the market: but one continues to suspect Official Sector selling was the core of opposition to yesterday’s gold rally and the heavy volume of the past few days.

So it is necessary once again to refresh oneself with the fundamentals. In Bridgewater Associates’ cheerful words this morning:

“In this new environment, we should expect a long, steady stream of bad surprises. That is because bad news comes out slowly because completely coming clean would be too shocking (because of the enormity of the accounting adjustments required. Just as troubled banks classically dribble out the bad news, troubled companies tend to do the same. So when it starts coming out, it’s a good bet that there’s a lot more behind it.”

Gold’s friends will also appreciate a new piece by Bernard Connolly of AIG, adding an expectation of overall dollar weakness to his anticipation of renewed yen weakness and financial system stress in Japan.

“Fed’s attitude towards USD is neglect. It believes that if there is anything approaching a crisis in the US, USD fall is a symptom –even a remedy -- not a cause. US would consider intervention to support USD only if a falling dollar began pushing up US long yields, which is definitely not happening yet.”

“…it is not totally surprising that MoF has until now been half-hearted about trying to prevent yen appreciation. However, when world financial market developments, including USD move, hit Japanese financial markets, beginning with the Nikkei, MOF concern about halting JPY appreciation intensifies. We expect much more determined intervention by Japan from now on. But, whatever happens, Japan is likely to be facing an additional deflationary shock, making banking sector and public debt problems even worse. By year-end, we could see fresh concerns about the banking system, and another round of yen depreciation, although this time EUR might bear the brunt of appreciation pressure.”

JB

[ThaiGuru]

http://www.financialsense.com/Market/wrapup.htm

Here is a quote from Jim Puplava`s article he wrote regarding yesterdays market:

Today’s Market

In today’s market it appears obvious that the PPT was hard at work. I was literally having a conversation with someone when I looked up on my screen and watched the markets move from new benchmark lows into positive territory. The daily chart of the Dow Industrials looked like a NASA space launch and it was occurring in real time as I watched the numbers climb from the negative to the positive in a matter of a few minutes. It reminded me of a trip I took last year on a nuclear submarine when the ship’s captain took us from depths of 750 feet to 100 feet in a few minutes. I recall watching the depth meter on the con as the numbers quickly rolled up. I had that exact experience today. The gentleman I was talking to was a credit analyst and his screen was tuned into the same chart. It was a heroic effort that took the markets from the depths of the abyss. At the end of the day, however, it failed. The Dow and the S&P 500 both finished in negative territory while the Nasdaq managed a tiny gain.

It now appears necessary to intervene in the financial markets, the currency markets, the commodity markets, and into our credit system to keep things functioning. History teaches us that all intervention fails and that the markets eventually win out in the end. Intervention simply postpones the inevitable and creates new distortions."

[ThaiGuru]

http://www.usagold.com/cpmforum/

The Chickens come home to roost:

by: Captainfreddy1

Long-Term Sentiment: Strong Buy 06/27/02 08:04 am
Msg: 10435 of 10450

Manipulation can affect only short-term performance of the market. There are trillions of dollars of hot money lodged in the United States. The Saudi Arabian princes alone have one trillion dollars lodged here, and rumours have it they are slowly transferring it out into gold and other assets far away from here to avoid their being frozen in the inevitable general war in the Middle East.

Do not be confused by the propaganda and disinformation coming from the Federal Reserve that the three trillion dollar plus daily turnover of the dollar on the foreign exchange markets makes the three trillion plus net deficit position meaningless in a relative sense, though as with the corruption with the CPI they keep finding new foreign investments to fraudulently reduce this net deficit position 600 billion at a time, as foreign exchange turnover is not the same as exposure. The turnover on the Federal Wire, or bank debits in the United States, is also trillions a day though the GDP is somewhat over 10 trillion. Exposure rules the day, and a trillion pulled out of our markets by the Saudis is very significant indeed, and will substantially weaken the currency. Foreign investment in a country with a falling currency inevitably dries up, as it has, and reverses plunging that currency into significant depreciation as we see with the dollar.

It should be kept in mind that foreign Central Banks as Japan or the Euro can buy dollars with their currencies, but to be effective they cannot sterlize these purchases by domestic operations where they sell their government bonds--and to be effective as a support to the dollar they cannot sterilize the action, but such purchases would be inflationary in those countries. That would also be beneficial for commodities such as gold.

Thus, the macro-trend is for both a lower dollar, and probably more credit expansion both in the United States (if they could get commercial and industrial loans to grow which they are not) and Euroland, and such a falling dollar is bullish for gold.

Yes, Central Banks can dump gold as they appeared to be doing yesterday in a significant way, and yes those three firms launched a rescue operation to support the market yesterday, but the fundamentals rule in the end. For five years the current account deficit grew and the dollar defied all odds and fundamentals by not falling. But now the chickens have come home to roost, and the initial failure to follow fundamentals will make the stabilization crisis even more profound.

It is also important to note that Central Bank gold is a finite reserve, and can only hold gold down as in the 1970s gold pools with diminishing firepower as the gold is sold and reserves are reduced. It is not the same as the Central Bank ability to create credit which is merely a bookkeeping entry, and of course, a fraudulent one at that. These Central Banks are controlled by the private banking houses in London and New York City for whom a Greenspan is just a lackey and nonentity who does their bidding or gets tossed aside or unmade as they say, the same private bankers who promote sodomy as the destruction of moral values is the only way this bloodthirsty guttersnipe could get themselves into control (and mark, the credit system is merely a control mechanism for the western democratic dictatorships, the dictatorships of the subhuman financiers), and they terrorize the world with their power as in their creation of Bolshevism to kill Christianity in Russia and the Tsar with his family, and a hundred million more dead as outlined in "The Black Book OF Communism," wars for their political ends as in the assassination of Archduke Ferdinand as the initial effort to get the Tsar, and destruction of individuals and their careers of those that oppose them. But the laws of gravity apply even to them as we saw in Berlin in 1933.

Their doom is certain.

[ThaiGuru]

From The King Report:

A few days ago we mentioned that there has been a peculiar routine that has occurred several times when stocks faced the abyss over the past 4 weeks. This pattern has been for stocks to be falling smartly and suddenly horrendous news appears. The overnight markets are severely hammered. But when the US markets open, soon after the initial carnage, a spasmodic rally occurs. But the rally clearly is short covering, not a renewed bull push. The technicals cogently validate that view. The familiarity of that modus operandi beguiled us. It was tantalizing familiar, but we couldn’t place it.

Yesterday, we had an epiphany when Bush had to disrupt the G-8 soiree to calm markets in the wake of WCOM’s mischief. With the Nikkei down 4%, it seemed certain the DJIA would plunge in kind. So, the call went out for W to do something. Bush called WCOM’s accounting ‘outrageous’ and promised a government crackdown on corporate miscreants. We can’t recall other presidents stridently excoriating corporations in order to prevent a market meltdown. After Bush’s appearance, we surmised that plunge protection is probably active. The recognizable pattern that stocks have experienced at least 5 times in the past 4 weeks is precisely what occurs to a currency after intervention. The intervening entity knows the trend is too powerful to resist; they just try to manage the decline and keep it orderly, especially after key technical levels have been breached (like yesterday in stocks).

Easy Al gave several speeches globally during the bubble years that stated burst bubbles are not toxic with the ‘right policy mix’. You mean like currency-style intervention? More on page 2

Weeks ago, we mentioned that Bush II is replicating Bush I’s economic data chicanery. Bush I employed past-month revisions to produce benign current month trade data in order to allay market fears about the burgeoning US trade deficit. Bush II is overstating current month data, like yesterday’s durable goods (0.6, 0.5 expected) to enhance economic rebound psychology while revising past month data (down to 0.4 from 1.5, which last week had been revised down to 0.8).

By the way, the furor over WCOM’s capitalizing of costs instead of expensing them should be extended to US economic data compilers. They capitalize software expenditures instead of expensing them in order to overstate GDP. As we keep harping, Uncle Sam’s number jockeys are as duplicitous as any artful corporate accountant.

www.lemetropolecafe.com

[Tippgeber1]

Hallo alle zusammen,

seit einigen Tagen beobachte ich den Markt sehr genau. Es fällt auf, dass gerade in solch schlechten Börsenphasen der Goldkurs kaum zulegt, obgleich gerade bei solchen Panikverkäufen doch bekanntlich Gold gut laufen müßte.

Das überraschte mich persönlich sehr. Wenn nicht jetzt, wann sonst sollte Gold mal nach oben ausbrechen über die 330 USD? Es scheint fast so, als sei Gold ein sicherer Hafen. Mehr aber wohl nicht.

Man sollte daher in breit streuen in Bonds, Putoptionen, Gold/Silber, Immobilien und Cash und hin und wieder das Gewinne mitnehmen nicht vergessen. Das scheint die einzige sinnvolle Strategie zu sein in diesen volatilen Märkten. Sicher bleibt eben nur, dass nichts sicher ist und der Merkt schwankungsfreudig bleiben wird.


Gruß

Tippgeber


28.6.02 1:06 MEZ

[niemandweiss]

@ alle

Gold hat sich seit Anfang Juni total vom Euro abgekoppelt. Wemm sich DOW, Nasdaq und Biotech weiterhin erholen werden, sehe ich schwarz bzw. braucht man dann einen langem Atem, bis das wieder aufgeholt ist.

[macvin]

@niemandweiss

...total abgekoppelt? Manchmal gibt es gewisse zeitliche Verschiebungen (besonders wenn irreguläre Eingriffe den Markt beeinflussen). Die Schere wird sich wieder schliesen... und in einem längerfrisitgen Chart wird man diese kurzfristige Divergenz nicht mehr wahrnehmen können..

macvin

[niemandweiss]

ok - auf Jahressicht ist Gold sogar noch über der Euroentwicklung, was mich beunruhigt, ist dass erst in letzter Zeit massive Gegenmassnahmen gestartet wurden. Denke auch nicht, dass die momentane technische Gegenreaktion bei DOW Nasdaq,welche sicherlich Zocker anziehen, nachhaltig Wirkung haben.

[niemandweiss]

hat aber verblüffende Ähnlichkeit mit der Entwicklung im Februar März. Da ich damals noch an die guten Dinge glaubte, kann ich es nicht nachvollziehen. Wäre super, wenn sich jemand noch an die Zeit erinnern könnte.

Und jetzt geh ich endlich ins Bett

gute Nacht
niemandweiss

[hotspot33]

coinable silver in the United States Strategic and Critical Materials Stock Pile (Strategic Stock Pile) is nearing depletion

http://www.certifiedcoins.com/leeviews/lv_20020625_01.asp

[vomo]

aus dem Basic-Newsletter - 28.06.2002 - von www.fondscheck.de

"Gold eine Anlagealternative?
Deka Investment

Auch bei Anlegern mit gutem Gedächtnis für die Währungsverhältnisse im vergangenen Jahrhundert ist das Gold weiterhin beliebt und selbst ein Preisrückgang von über 650 US-Dollar pro Feinunze im Jahr 1980 auf unter 260 US-Dollar im Jahr 1999 hat viele nicht dazu bewegen können, sich von Goldmünzen oder ähnlichen Anlagen zu trennen, so die Anlagestrategen von Deka Investment in einer aktuellen Einschätzung.
Ihrer Ansicht nach lohne sich der Einstieg für den normalen, das heißt langfristig orientierten, Anleger jedoch nicht. Zwar sei es durchaus möglich, dass mit dem Kauf von Gold oder angelehnten Anlageformen (Goldminenaktien, Zertifikate oder ähnlichem) kurzfristig auch wieder einmal Kursgewinne zu erzielen seien. Eine solche Phase mag ihres Erachtens gegenwärtig auch durchaus gegeben sein.
Eine nachhaltige Überwindung der Widerstandszone bei 320 US-Dollar pro Feinunze beispielsweise würde die Weichen dafür stellen, dass sich der Goldpreis vorübergehend auch noch weiter erhöhen könne. Wer hierjedoch einsteige, müsse sehr auf der Hut sein und kontinuierlich sein Engagement beobachten, denn ein langfristiger Trend zum steigenden Goldpreis sei aus fundamentalen Gesichtspunkten heraus nicht angelegt.
Denn die meisten Gründe, warum Gold im letzten Jahrhundert so beliebt gewesen sei, bestünden nicht mehr und kehrten auch nicht zurück. So sei Gold beispielsweisekein Zahlungsmittel mehr. Auch seien hohe Goldbestände in ihren Kellern der Notenbanken nicht mehr notwendig. Da der Goldbesitz nur eine geringe Rendite abwerfe, hätten sich alle wichtigen Notenbanken der Welt entschlossen, ihr Gold über kurz oder lang zu verkaufen. Der Goldverkauf der Zentralbanken sichert nach Meinung der Deka-Experten noch auf lange Jahre hinaus ein kontinuierliches hohes Angebot an Gold auf den Weltmärkten.
Gleichzeitig würde die Nachfrage nicht besonders stark ansteigen. Allerdings, so schränken die Deka-Strategen ein, gibt es neben der Goldnachfrage für Industriezwecke oder als schmuckes Konsumgut mitunter einen zusätzlichen Goldbedarf, der schwierig zu prognostizieren ist, nämlich die Nachfrage aus Anlage- oder Spekulationsgründen. Wenn beispielsweise Anleger sehr stark verunsichert sind, könne es sein, dass sie allen Finanzanlagen den Rücken zukehren wollten. Dann schlüpfe das Gold wieder in seine alte Rolle als sicherer Hafen für scheue Anlagegelder.
Solche Situationen träten etwa in Zeiten weltpolitischer Bedrohungen auf wie Anfang der Neunzigerjahre durch den Golfkrieg oder nach den Attentaten im September des vergangenen Jahres. Auch in Japan hätten die Sparer mittlerweile mit vielen Formen der Geldanlage schlechte Erfahrungen gemacht, daher seien die Japaner in der gegenwärtigen Käuferschlage ganz vorne mit dabei.
Der jetzige Preisansteig sei schließlich auch vor dem Hintergrund einer weiterhin verbreiteten Unsicherheit über die konjunkturelle Entwicklung und die Kursperspektiven auf den Aktienmärkten getrieben. Hinzu käme, dass im beginnenden Aufschwung die Nachfrage nach Rohstoffen allgemein, also auch nach Gold, etwas ansteige. All diese Gründe lassen jedoch nach Meinung der Deka-Experten nicht erwarten, dass das Gold vor einer Jahrhundert-Renaissance steht, die den Goldpreis wieder in alte Höhen treibt. Es bleibt ihres Erachtens dabei, dass wer Gold als Wertanlage kaufe, weiterhin starke Nerven haben muss."

Ham wa...

[ThaiGuru]

The Afternoon Gold Report...

by Jon Warner

June 28, 2002 (usagold.com)


Spot gold in New York settled at $314.00 an ounce, down $5.50 from the previous close. There is a rumor that banks sold off at the close of trading as the USD index sharply recovered from the days lows. The Euro currency hit $0.9990 this morning; it’s highest since Feb 24, 2000.

The weak greenback makes dollar-priced precious metals more attractive to overseas investors. However, the USD index rebounded sharply against major currencies in late afternoon trading. "That`s the only thing that moves it, but it`s not really performing too well in my opinion," said a discouraged bullion dealer.

"The dollar is going to hell in a hand basket and gold`s just kind of laying there like a lump." However, dealers said resistance in place in the $320-$321 region may prove tough to overcome in the near term if the equity markets are reluctant to surrender recent gains and the recent bank selling seen in that area persists.

Persistent investment bank selling amid low volume trade triggered resting sell orders just below the $315 level within the last 10 minutes of trading, washing Aug sharply lower to $310.50 before a let-up in the selling pressure combined with light short covering and consumer buying sent Aug back towards the $315 area by the end of the session.

Dealers noted that steady bank selling had hampered gold throughout the week and denied bullion much in the way of an extended positive response to the flagging equity markets and U.S. dollar throughout the week.

One floor dealer with a large futures brokerage stated that Friday`s swift slide may have triggered a wave of long liquidation that may have served to "free up some buying room among the (large) speculators so that they can start buying again. "Maybe we needed to flush out a few weak longs in order to re-ignite the buying interest," he added.

London gold was fixed this afternoon at $318.50 an ounce, down from $319.05 at the morning fixing. Spot gold was higher in London Friday morning in response to renewed weakness for the dollar despite a rebound in the global equity markets.

The dollar`s late recovery, thanks in part to Bank of Japan intervention to weaken the yen, also weighed on gold, they added. Gold reached an intra-day high of $321.00 an ounce as the euro threatened to hit parity against the dollar around midday but then fell back as the euro retreated alongside the yen.

The macro economic situation all point to strong gold prices but it has had a disappointing week, Howard Patten, analyst at Barclays Capital said. "Equity prices, corporate accounting fraud and a weak dollar all indicate strong gold," Patten said.

Spot gold fell Friday in Asia from late New York, again pressured by recovering stock markets across Asia, after another night of gains in U.S. equity markets, said traders. Other dealers said that gold slipped in Asia chiefly on position squaring ahead of the quarter end and a long weekend in Hong Kong. "We are seeing some squaring off ahead of the long weekend, some position adjustments by TOCOM players, said Peter Tse, dealer at Scotia Mocatta in Hong Kong. "I think gold is going to remain volatile, tracking the Dow and the dollar adjustments, but overall the trend hasn`t changed. In the medium term, we are looking to go higher, Tse, said.

"The overall trend still looks pretty good in gold, as it seems that people have lost confidence in U.S. dollar-based assets," said a Hong Kong-based bullion trader. The key factor to gold`s next direction is whether gold can attract investment dollars from the equity funds to hedge against any further potential U.S. corporate accounting debacles, said the Hong Kong-based trader.

"Gold is trading a little bit like a currency, inversely tracking the dollar and it is going to continue to do that," said Paul Macarounas, associate director at NM Rothschild and Sons in Sydney. "The risk premium given for the Middle East is beginning to unwind...but the dollar will continue to be soft and gold will continue to hold up," Macarounas said. "Gold may lag the movement in the euro but it should hold above US$300 for the remainder of the year," he added.

Billionaire investor George Soros made some interesting comments on Thursday when he blamed U.S. President George W. Bush and his team for the fall in the U.S. dollar and declared: "The international financial system is coming apart at the seams." "I think we`re in fairly serious trouble. I do think we`re in a crisis situation," said the Hungarian-born hedge fund king-turned-philanthropist in a speech to the London Business School on Thursday evening. "We have the Latin American crisis and we have the declining U.S. dollar, which means that the motor of the global economy is basically switched off," said Soros.

George Soros wouldn`t be surprised if the dollar loses a third of its value during the next several years, the Wall Street Journal cited him as saying.

The philanthropist and financier said stock markets "could go much lower," too, if the US quickly slips back into recession - something he still hopes can be avoided. Soros, whose assault on the British pound 10 years ago ejected Britain from the European exchange rate mechanism, said the dollar`s recent decline had taken him by surprise. Soros who is famous for raiding world currencies orchestrated a raid on the English pound 10 years ago and the Malaysian Ringit in 1998. Soros also has called on Britain to adopt the euro as its currency.

However, the U.S. dollar is overvalued and the excesses of the “New Economy” were built up long before George W. Bush came upon the scene. I had mentioned before that President George W. Bush faced the very real possibility of going down in history as the Herbert Hoover of our generation.

On The Money`s Dennis Slothower had this intriguing comment last Friday about a market in which everyone accepts there is official intervention - foreign exchange.

"I can`t help but wonder when the Euro was falling out of bed a year ago if some sort of agreement was reached between the central bankers to bring the Euro up and the dollar down in order to reach a parity between the two currencies.

Certainly trade balances had grown all out of whack as we saw even with yesterday`s trade report. We are now reaching this parity... the dollar is plunging fast and panic selling is overtaking the markets.

When fear and pain get too severe as we are seeing now, the central bankers are more likely to take some action to stabilize things. This isn`t because they care about how much pain you are suffering, but rather plunging markets become far more unruly to manage and more expensive to stabilize, the more panicky it becomes...We are beginning to feel an ominous threat to the markets (and I believe world markets too) if these critical supports are violated at the September lows. You can be sure the central bankers are very aware of this threat."

Comment: We already know that the Japanese Ministry of Finance has been involved in official intervention to manipulate the currency markets.

Most recently on Monday the Japanese government spent over $5 billion worth of yen to prop up the U.S. dollar.

This begs the question of how much intervention and by who has been underway to keep a lid on the price of gold, which is an alternate currency as well. This lends support to those who insist that there is a conspiracy by institutional bankers and perhaps the U.S. government to manipulate the price of gold. If anything it does raise suspicion. There are rumors that a major bank (perhaps JP Morgan Chase) entered the market near the end of the trading session to sell off gold as the Japanese Ministry of Finance came to the rescue of the U.S. dollar after the yen strengthen in the last 24 hours. Several other institutional investors sold off gold to lock in profits ahead of end of quarter bookkeeping. The sharp drop in the price of gold in the late afternoon trading session put gold in what appears to be an artificial low. It would not be surprising to see the price of gold rebound strongly next week as speculative funds have been shaken out of the gold market. Much of the gold market action aside from the bank and institutional sales is centered on the currency war between the Japanese Yen and the U.S. dollar.

- Jon H. Warner -



__________________________
Jon Warner is a professional geologist with nearly 24 years in exploration and project development in both mining and petroleum. Mr. Warner brings to the table an impressive industry contact list, thorough knowledge of the precious metals and energy markets as well as a practical understanding of gold`s role in the private investment portfolio. His strong knowledge in these fields has been demonstrated at the USAGOLD Discussion Forum where he posts on a regular basis as Black Blade. http://www.usagold.com/cpmforum/

[ThaiGuru]

http://biz.yahoo.com/rc/020628/economy_japan_jobs_2.html

Friday June 28, 2:51 am Eastern Time
Reuters Company News

Japan jobless rate swells, outlook patchy

By Tamawa Kadoya

TOKYO, June 28 (Reuters) - Japanese unemployment swelled unexepectedly in May, approaching a postwar era high in a sign that the stabilising economy is failing to take on more workers.

The jobless rate climbed to 5.4 percent from 5.2 percent in April while the number of people with jobs, including the self-employed, fell by 1.17 million from a year earlier to 63.56 million -- the second-largest drop since records began in 1953.

Thousands of Japanese companies -- from telecoms giants to automakers -- have been forced to ditch traditional lifetime employment in the past year, shedding jobs to cut costs as part of long-delayed restructuring in the face of harsh competition.

As a result, the unemployment rate has topped five percent for the past 11 months and is expected to show little improvement this year despite a fragile economic recovery.

Increasing numbers of frustrated job-seekers are ending their hunt for work, the data showed, causing the labour force to shrink 1.3 percent in May from a year earlier -- a trend that has also been affected by a shrinking and rapidly ageing population.

"In May, the labour force declined significantly, which means that discouraged workers retreated again from the labour market. said Takehiro Sato, economist at Morgan Stanley in Tokyo.

In recent months, the dwindling size of Japan`s labour market has helped to pull the overall unemployment rate down from a post-war era peak of 5.5 percent in December, economists said.

"But this time unemployment still rose despite the falling labour force. It`s unusual. It looks like it was really affected by the manufacturing sector," Sato added.

Manufacturers shed 700,000 workers over May and April.

"The fact that the service sector is not absorbing these new unemployed people any more is making the situation much more severe now," added Ayako Mitsui, economist at UBS Warburg.

The Ministry of Public Management, Home Affairs, Posts & Telecommunications, which released the data, said the total number of unemployed jumped 7.8 percent from a year earlier to 3.75 million.

GRIM REALITY

After clocking its best economic growth in two years in the January-March quarter of 2002 to emerge from recession, the world`s second-largest economy is showing signs of fatigue.

Continued sluggishness in job and income conditions is expected to restrain consumer spending, which accounts for 55 percent of Japan`s economic activity.

With many companies under severe pressure to cut costs, economists are doubtful the turnaround will be strong enough to fuel a big improvement in the job market.

"The decline in employment was greater than expected," said Peter Morgan, senior economist at HSBC Securities Japan.

"Particularly, there were large falls in manufacturing and construction. Those are obviously the areas where there are substantial excesses, so it is good they are being squeezed out, but short-term it has a negative impact on consumption," he said.

Japan`s top five chipmaking conglomerates including Mitsubishi Electric Corp, NEC Corp and Fujitsu Ltd, cut nearly 70,000 jobs in the financial year that ended in March.

The unemployment rate in April had been unchanged from March, and most economists had expected it to stay the same in May.

Part-time jobs jumped, rising 5.3 percent in May from a year earlier -- up for a fifth straight month in a reflection of the end to Japan`s cradle-to-grave employment system. The number of full-time jobs fell 2.7 percent.

Female unemployment hit a record at 5.3 percent, while the male unemployment rate stood at 5.5 percent.

Deutsche Securities economist Mikihiro Matsuoka said that as the economy starts recovers, this could temporarily lead to rises in unemployment numbers as more people start actively looking for jobs again and return to the labour market.

"When the economy starts recovering properly, then people who exited the labour market will return and start seeking jobs, which will actually boost the unemployment rate for the foreseeable future," said Matsuoka.

"Unemployment is a lagging indicator," Matsuoka added.

Data from the Ministry of Health, Labour and Welfare showed that for every 100 job seekers at government-run job agencies there were 53 jobs available in May, up from 52 in April and in line with economists` forecasts.

[hotspot33]

US-Flugzeuge beschießen irakische Kommandozentrale

Washington (dpa) - US-Flugzeuge haben nach amerikanischen Angaben in der südlichen Flugverbotszone im Irak eine militärische Kommandozentrale bombardiert. Zuvor waren sie unter Beschuss genommen worden. Das gab das zuständige US-Militärkommando bekannt. Vergangene Woche war es zu ähnlichen Vorfällen in der nördlichen Flugverbotszone gekommen. Das Pentagon sprach von verstärkten Bemühungen des irakischen Regimes von Saddam Hussein gegen die Flugzeuge der Alliierten vorzugehen, die das Flugverbot überwachen.[/b] Veröffentlicht von RZ-Online am 28.06.2002 22:14

[ThaiGuru]

June 28 - Gold $312.60 down $6.40 - Silver $4.78 down 9 cents

Gold Smashed by Cabal Right on the Close

The Gold Cartel smashed gold right on the close. Twenty thousand contracts traded in the last half hour. Their desperate attempt to take gold down and away from detonationville at $330 is extraordinary - and obvious.

Amazing! Each passing day this week, The Gold Cartel became more brazen in their blatant capping of the price of gold. The more the President talked about integrity and corporate fraud, the more the cabal rigged the gold price lower.

What more can I say that was not said ALL week long and for the last 3 years. Talk about blatant managing of a market; the goons are not even bothering to hide their routine anymore. All along GATA has said that a Gold Cartel has rigged the gold price to prop up the dollar. Well, well, well, lookee here:

NEW YORK, June 28 (Reuters) - Central bank intervention to prop up the dollar pulled the rug out from under COMEX gold on Friday, upending early gains and sending futures to a six-week low as bulls turned tail en masse. Much of the capitulation came suddenly before the close, which left August gold at $313.90 an ounce, down $5.70, or 1.8 percent. It managed an equally head-jerking bounce off $310.50, its lowest since May 16, in the final moments. -END-

Thank you very much Reuters for stating GATA’s case so poignantly. You might as well have added: and central banks sold gold to support that intervention.

This is really something else. We are, or were, talking about $323 gold, not $653 gold. Why should the central banks care about that? We know why. Gold has been a massive fraud for many years. The short position is out of control. Were gold ALLOWED to rise to its proper level, the gold derivative neutron bomb would go off. We know it. They know it.

Aid to Africa was one of the major topics at the G-8 meeting. The G-8 leaders kiss them in the morning and then punch the Africans in the face in the afternoon.

President Bush was all over the tube today talking about truth, justice and the American way; calling on corporate executives to hold to the highest of standards - that all debits and credits must be accounted for. He does that in the morning. In the afternoon, he orders the rigging of the gold price. The man is a hypocrite and a disgrace to humankind.

I tell you, something bad is headed the way of the American financial system. The gold fraud led the way to the most corrupt and immoral Wall Street in US history. The American public will pay the price.

Can you imagine the outcry if a Stock Market cartel played with the NYSE stocks like the Gold Cartel did with gold today?

www.lemetropolecafe.com

[ThaiGuru]

The John Brimelow Report:

Indian ex duty premiums: AM $0.26, PM $1.64, with world gold at $318.50 and $320.10. Below legal import point.

Tocom continued to be unhappy with the abrupt slump in yen gold. Although the US$ price of gold moved little, open interest fell the equivalent of 3,252 Comex contracts on volume equal to 49,787 Comex lots. (NY yesterday traded 49,345 contracts and saw open interest fall 5058 lots.)Tokyo can hardly be said to be overbought now!

Despite India’s quietness, several observers noted a pickup the interest in physical offtake. Standard London: “Good buying was noted around the $318.50 level…. Excellent scaled down physical off-take supported the market” (of Thursday). “Physical demand and short covering saw gold rally into the end of Asian trading..” ( of Friday morning: UBS Warburg).

The key story of the day developed in the last half hour, when gold fell $3 on an estimated 21,000 contracts, until recently a respectable days’ volume, and almost half the whole daily activity. An effort is being made to explain this action as normal CTA games at quarter end: the consensus amongst the community of veteran gold watchers who are chained to their vantage points on the gold market is that this is not plausible: no one can remember anything like this before. It may be that the Reuters headline: “COMEX gold drops as central banks intervene on dlr” is closer to the truth than their notably cautious writer realized.

So it is a highly appropriate time to consider the evidence presented at:

http://www.gold-eagle.com/editorials_02/speck062802.html which, in the great empirical tradition of Anglo-Saxon scientific enquiry, looks at the statistical history of the NY gold opening and concludes, “The intra-day charts…confirm. secret intervention”. Perhaps this sounds crazy: but how do you know without looking?

A noted bullion dealer makes it clear that his view of the world has not changed since his post Sept 11 apotheosis: some may appreciate his view of George Soros: “Hell hath no gibberish like a former Robber Barron gone soft….Yuk”

JB

[ThaiGuru]

http://www2.swissinfo.org/sde/Swissinfo.html?siteSect=161&si…

Hoffen aufs zweite Halbjahr

Die Enthüllungen um Worldcom erschütterten das Vertrauen der Anleger massiv. [Keystone]

Das Tief vom letzten September ist in dieser bewegten Börsenwoche nicht erreicht worden. Statt vor Terror fürchten sich die Shareholder nun vor beschönigten Bilanzen.

Gegenwärtig sind Schweizer Aktien im Durchschnitt um fast einen Drittel günstiger als noch zu Beginn des Jahres 2001. Der SMI virt-x Börsenindex stand Mitte 2001 noch bei über 7000 Punkten, fiel nach dem 11. September kurz auf 5000 Punkte, um sich dann bis im Frühjahr 2002 auf 6700 Punkte zu erholen. Zum Ende dieser bewegten Börsenwoche pendelte er sich dann bei über 5900 Punkten ein (+3.5% gegenüber Vortag).

Kein richtiger Crash

Der SMI hat also in den letzten Wochen um rund 900 Punkte nachgegeben – wenig im Vergleich zum sogenannten "Schwarzen Herbst" 1998, als er innert weniger Tage von über 8000 auf fast 5000 gefallen war.

Bilanzskandal-Kaskade als Novum

Was bei den vergangenen Börsencrashs bisher kaum ein Thema war und in der abgelaufenen Woche als Novum auftaucht, ist die Massierung der (diese Woche auf US-Firmen beschränkten) Bilanzskandale. US Accounting Standards wurden in den letzten 20 Jahren den Europäern geradezu aufgedrängt, die vorsichtigen helvetischen Buchhalterregeln und die Usanz der "Stillen Reserven" aufgegeben.

Und nun folgen sich auf Enron am Mittwoch WorldCom, am Freitag Xerox (6 Mrd. Dollar), und gerüchteweise auch schon bald General Motors. GM habe im grösseren Stil Bilanzkosmetik betrieben, was die Kurse belastet. Dahinter stehen gierige Wirtschaftsmanager – dieselbe Generation an Führungskräften, die anscheinend dem börsenfreundlichen Shareholder Value nachgelebt hat und sich gleichzeitig selbst grosszügig abgelten liess (ABB!).

Die Schweiz ihrerseits hatte mit der SAirGroup schon vor einem Jahr erste Erfahrungen im Umgang mit der Bilanzwahrheit gemacht.

Corporate Ethics statt Shareholder Value

Die inzwischen aufgeklärten Shareholder (Anleger) ihrerseits empfinden diesen Stil inzwischen als derart skandalös, dass sogar die Analysen der lange belächelten Wirtschaftsethiker Beachtung finden. Diese prophezeien, dass der Begriff der Nachhaltigkeit (sustainability), bisher eher in Umweltkreisen prägend, in den Führungsetagen nachhaltig Eingang finden werde. Unangenehm für die USA, dass ausgerechnet jetzt dieses Abzock-Management mit amerikanischem Führungsstil gleichgesetzt wird.

Deshalb wirkt sich weiterhin als kursbelastend aus, dass die graue Eminenz in der USA, Alan Greenspan, abgelöst werden soll. Der FED-Chef glänzte nämlich durch all die Jahre nicht nur mit Sachverstand und Weitsicht, sondern auch mit einer sauberen Weste.

Ratingänderungen

In der Schweiz kam die CS positiv ins Gespräch, weil am Freitag nicht mehr vom Verkauf der gesamten Tochter Winterthur die Rede war, sondern nur noch von ihrem Rückversicherungsteil „Winterthur Re“ an die Münchner Rück. WESTLB schätzt CS demnach wieder zum Kauf ein.

Auch die ziemlich geschüttelten Werte der Rentenanstalt und Zürich konnten zum Wochenausklang preislich wieder etwas Terrain gutmachen, und wurden von den Investmenthäusern zumindest als "neutral" belassen. Nestlé, der sichere Wert, wird von Prudential auf "kaufen" eingeschätzt.

Langer Atem und kurze Röcke

Wie es um gegenwärtig um die Börse bestellt ist, zeigt ein weiterer Medien-Klassiker, der dieser Tage aufgetaucht ist: Die Minirock-Theorie. Seit der Weltwirtschaftskrise Ende der 20iger Jahre mit ihrer frivolen Frauenmode taucht die "Rocksaum-Theorie" immer dann wieder auf, wenn die Analyse nicht weiterführt. Demnach bringen Zeiten, in denen viel Bein zu sehen ist, viel Kurspotenzial, während lange Röcke auf Crashs hindeuten...

Modeeinkäufer sehen einen Minirock-Winter voraus. So hoffen Shareholder, Börsianer, Portfolio-Manager und andere Budget-Verantwortliche auf einen nachhaltig anhaltenden Minirock-Boom ab dem zweiten Halbjahr 2002.

Alexander P. Künzle

29.06.2002 - 09:11

[ThaiGuru]

http://www2.swissinfo.org/sde/Swissinfo.html?siteSect=143&ei…

Schweizer Zeit 10:58, Samstag 29.06.2002

Auch Disney hat falsche Bilanzen vorgelegt

NEW YORK - Auch der US-Unterhaltungskonzern Walt Disney hat falsche Bilanzen vorgelegt. Der Konzern korrigierte seine Gewinne aus den Jahren 2000 und 2001 nach oben.

In einem Schreiben an die Börsenaufsicht (SEC) erklärte das im kalifornischen Burbank ansässige Unternehmen, zu den «Rechenfehlern» sei es im Zusammenhang mit der Bewertung seiner Internet-Gruppe gekommen. Die Bilanz sei deshalb nicht mehr konform mit den neuen Regeln der Buchführung gewesen.

Disney habe im Jahr 2001 nach der Korrektur 613 Millionen Dollar anstelle der vorher bilanzierten 358 Millionen Dollar Gewinn gemacht.

Auch für das Jahr 2000 habe sich ein Gewinn von 2,2 Milliarden Dollar anstelle der zuvor festgestellten 1,6 Milliarden Dollar ergeben. In den vergangenen Tagen hatten mehrere US-Unternehmen Bilanzfehler zugeben müssen. 290840 jun

29.06.2002 08:41, SDA-ATS

[ThaiGuru]

http://www2.swissinfo.org/sde/Swissinfo.html?siteSect=143&ei…

Schweizer Zeit 10:46, Samstag 29.06.2002

Süd- und nordkoreanische Kriegsschiffe schiessen aufeinander

SEOUL - Südkoreanische und nordkoreanische Kriegsschiffe haben nach Angaben des südkoreanischen Verteidigungsministeriums am Samstagmorgen vor der Westküste aufeinander geschossen.

Fischerboote in der Region seien aus der Gefahrenzone nahe der Insel Yeonpyeong im Gelben Meer geflohen, hiess es in einer Erklärung in Seoul weiter. Gründe wurden zunächst nicht mitgeteilt.

29.06.2002 04:51, SDA-ATS

[ThaiGuru]

http://www2.swissinfo.org/sde/Swissinfo.html?siteSect=143&ei…

Schweizer Zeit 10:45, Samstag 29.06.2002

Vier südkoreanische Soldaten bei Seegefecht getötet

SEOUL - Bei einem Gefecht zwischen südkoreanischen und nordkoreanischen Kriegsschiffen sind am Samstagmorgen vor der Westküste Koreas vier südkoreanische Soldaten getötet worden. 18 weitere Soldaten wurden verletzt.

Ein Patrouillenboot der südkoreanischen Marine sei gesunken, teilte ein Sprecher des Verteidigungsministeriums in Seoul mit. Der Schusswechsel habe rund 20 Minuten gedauert. Mehrere Fischerboote seien aus der Gefahrenzone nahe der Insel Yeonpyeong im Gelben Meer geflohen.
Zwei nordkoreanische Patrouillenboote hätten als Eskorte von Fischkuttern die Grenzlinie verletzt, sagte ein Vertreter des Generalstabs. Die Schiffe hätten auch auf wiederholte Warnungen nicht reagiert, sondern das Feuer eröffnet.

Neun südkoreanische Fregatten seien an dem Einsatz beteiligt gewesen. Nach dem Gefecht seien die nordkoreanischen Boote in Richtung Norden umgekehrt. Angaben über Schäden auf nordkoreanischer Seite liegen bisher nicht vor.

In Laufe dieses Jahres drangen nordkoreanische Kriegsschiffe bereits neun Mal in die Hoheitsgewässer des Nachbarlandes ein. Bislang gab es jedoch keine Gefechte. Im Juni 1999 hatten südkoreanische Kriegsschiffe ein nordkoreanisches Patrouillenboot versenkt. 290635 jun

29.06.2002 06:36, SDA-ATS

[ThaiGuru]

http://www2.swissinfo.org/sde/Swissinfo.html?siteSect=143&ei…

Schweizer Zeit 12:46, Samstag 29.06.2002

Insolvenz könnte WorldCom Investoren bringen

PHILADELPHIA - Ohne den Gang zum Konkursrichter wird der angeschlagene US-Telekom-Anbieter WorldCom gemäss Analysten kaum neue Investoren finden. Der Konzern verhandelt nach Angaben von Unternehmens-Chef Sidgmore derzeit mit Banken über neue Kredite.
Es gebe wohl Interessenten für einzelne Unternehmensteile, sagte ein Mitarbeiter einer Investmentbank. Doch es werde niemand kaufen, solange das hoch verschuldete Unternehmen nicht Gläubigerschutz nach Kapitel 11 des US-Konkursgesetzes beantragt habe.

Mehrere US-Parlamentsausschüsse und die US-Börsenaufsicht SEC untersuchen indes die von WorldCom eingestandenen Milliarden-Fehlbuchungen, die Mitte der Woche an den Aktienmärkten weltweit für Kursturbulenzen gesorgt hatten.
Obwohl der WorldCom-Konzern Experten zufolge über eines der wertvollsten Telekommunikationsnetze weltweit verfügt, könnte es schwierig werden, dieses vor Klärung aller rechtlichen Fragen rund um die Bilanzmanipulationen zu verkaufen.

Dies könne wohl am Besten im Rahmen eines Insolvenzverfahrens geschehen, sagte ein Investmentbanker. «Falls jemand schon vorher einen Vertrag abschliesst, bekommt er vielleicht nicht das, was er dachte zu bekommen.» Ein Konkurs von WorldCom sei in Kürze möglich, sagte ein Analyst.

WorldCom braucht Mittel für laufende Ausgaben und Zinszahlungen auf Verbindlichkeiten im Volumen von insgesamt rund 30 Mrd. Dollar. In bankennahen Kreisen hatte es geheissen, Gespräche über neue Finanzierungen im Volumen von 5 Mrd. Dollar seien offenbar geplatzt.
Die WorldCom-Aktien waren nach dem Eingeständnis der Fehlbuchungen ausserbörslich um mehr als 80 Prozent eingebrochen und sind seither vom Handel ausgesetzt. 291231 jun

29.06.2002 12:32, SDA-ATS

[ThaiGuru]

http://www.news24.com/News24/Finance/Companies/0,4186,2-8-24…

28/06/2002 18:27 - (SA)

Anglo ups stake in Gold Fields

Sue Thomas

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Johannesburg - Mining giant Anglo American said on Friday it had raised its stake in Gold Fields by 3.9%, bringing its holding in South Africa`s second-largest gold producer to 20%.

Analysts said the move pointed to Anglo`s bullish view on gold, and played down rumours that the group was lining up to merge AngloGold, in which it has a 51.5% stake, with Gold Fields.

The deal also lets Anglo to use equity accounting for its holding in Gold Fields - allowing it to recognise its share of Gold Fields` retained profits in its own results.

"It seems to be an opportunistic move, which rounds up their shareholding and doesn`t do them any harm on the equity accounting," said SG Securities analyst Peter Davey in London.

"It implies that they are going to hold onto (their stake) longer, rather than sell it sooner... and it also becomes perhaps a stronger bargaining chip with some international mining company in the medium term," Davey said.

He and other analysts played down the prospect of AngloGold tying up with Gold Fields. "I think the obvious thing it shows is that the group is still excited about gold as a commodity, but I would be a little careful of reading too much into it," said Allan Cooke, an analyst at Rice Rinaldi Securities.

He added that for a start local competition authorities would take a dim view of a straightforward merger between South Africa`s largest and second largest gold miners. "It`s difficult to imagine how they would regard a mega gold merger."

Last month, AngloGold chief executive officer Bobby Godsell said he expected to see more industry consolidation. But he brushed aside rumours that the world`s third largest gold producer would team up with Barrick Gold Corp to buy Gold Fields.

"This is a small industry and I can`t remember many weeks when there hasn`t been a rumour of a merger," Godsell told reporters on the sidelines of a conference in Peru in response to a takeover report that appeared on a prominent mining Internet site in May.

Gold Fields may be looking at mining platinum in South Africa as it weighs a platinum mine in Finland that would produce enough of the white metal to boost world metal supplies by 5%.

"It (a merger) could be their long-term strategy, but I think they are signalling their intention to continue with their core assets, which are mainly gold and platinum," said David Davis, an analyst at SCMB Securities.

"Gold Fields has signalled that it wants to move into platinum." Anglo said it would use equity accounting for the Gold Fields stake from July 1.

"Up until now we`ve held 16 percent so it was an investment. When you get to 20 percent it is an equity account, and we would account for 20 percent of Gold Fields in our income statement," Anglo spokeswoman Ann Dunne told Reuters.

Anglo`s shares closed up 5.4% in London at 1 091p and gained more than 3% in Johannesburg to R171.98.

The shares were also given a boost by investment bank Dresdner Kleinwort Wasserstein, which said on Friday it had raised its rating on Anglo American to "add" from "hold".

[ThaiGuru]

http://www.gulf-daily-news.com/Articles.asp?Article=26505&Sn…

Vol XXV NO. 101 Saturday 29 June 2002

Gold to retain sheen as prices hold steady


By Prakash Devji


After the disappointments of 2000 and early 2001, when the gold price seemed to be drifting ever lower, heading towards the psychologically significant $250 barrier, the outlook appears to have improved, with an accompanying change in sentiment.

For the first time in many years, market participants are, justifiably in our view, upbeat about the future prospects for gold. Prices have built steadily since their trough in April last year, and at the time of writing are holding steadily at around $319.00.

It is perhaps simplistic to assume that this reversal was primarily a function of reaction to political developments such as `911`.

The extent to which that was true and the role played by other factors is set out below. Also analysed is the key question of whether these firmer prices are sustainable in the short to medium term.

Positive sentiment and improving fundamentals have helped gold consolidate at higher levels.

Firstly, producer hedging emerged as an important factor on the demand side.

Hedge books are managed by the producers who sell their ground stock in the forward market at the current rate and book their future profits.

Analysis shows that this practice has reduced considerably, due to the fact that the falling interest rates saw the gold price contango virtually disappear as the year progressed, which made forward selling much less attractive.

Secondly producers were encouraged by a return of signs of strength in the gold price and wanted to be in a position to participate fully in higher prices by maximising their price exposure.

A sharp decline in outstanding hedge positions towards the end of last year provided support for the price, and indications are that this trend has continued, and indeed intensified, during the first quarter of 2002.

Through the last decade the Central bank gold sales and gold loans have been essential in filling gap between supply and demand.

Gold lending provides the liquidity for producers to hedge and for speculators to sell short.

Two factors that have kept the price under pressure. But on September 26, 1999 the 15 Central banks unexpectedly announced that they would limit gold sales to 400 tonnes per annually for the next five years. The reaction to which was a drastic upsurge in the prices, proving that room had been created for gold to enter the up trend and which supported the market to build a base from where it could trend higher.

One of the other reasons for the rally in the gold price seems to be a flight to security as fears of war increase, the dollar weakens and stock markets remain in doldrums.

A sharp decline in the interest rates since January 2001, has made short selling... an investing bet that its prices will drop... less profitable for both producers and speculators.

Short selling has been a major negative for gold prices the last several years.

At the same time, other investments have lost their appeal, especially stocks.

Double digit rate of returns for equities from 1995 through 1999 lured investors away from gold.

The current slump in the major markets of the world means gold faces less competition for investment demand.

Macroeconomic trends are also working in the metals favour.

S&P sees higher prices for commodities such as gold in 2002, reflecting consolidation in commodity producing industries and a recovery in global economic growth.

A large increase in the money supply thanks to 11-interest rate cuts by the Federal Reserve since January 2001 should also help boost commodity prices.

Supply and demand factors will help. The deficient between production and consumption will widen in 2002 as output declines and physical demand for the metal increases.

Low gold prices in recent years have led to sharply reduced exploration... resulting in flat to lower production.

And that will continue even if the price continues to climb, since it takes a long time to bring production capacity on line. An agreement by Central Banks - the largest holders of metal - to limit gold sales till September 2004, including sales by the Bank of Switzerland and the Bank of England, removes an uncertainty that plagued the market during the late 1990`s.

The mining industry is also undergoing major consolidation through mergers and acquisitions. Mergers will result in larger market capitalisation and more trading liquidity in stocks, making gold more attractive to institutional investors.

The geo-political situation also contributes to this trend. The heightening conflict between India and Pakistan, renewed global terrorism fears and the weakening US dollar have propelled the gold price past $320 an ounce.

Gold hit its highest level in the past two years. The more bullish forecasts predict gold to reach $400 if markets are sent into a tailspin.

Gold has now risen 16 per cent since the start of the year as a series of factors reinforced its position as a `safe haven` or `store of value` in terms of crisis.

It has outperformed every currency, including the low risk currencies such as Swiss franc and the Japanese yen.

The Enron collapse has caused major corporate jitters, big gold companies are selling down their hedge books and Japanese investors have been big buyers of gold because of the rising concern on the country`s financial system.

Gold prices are unlikely to fall significantly lower in the coming months, while the medium-term outlook for demand and supply suggests that the price of gold will gradually rise in the years ahead.

Demand is expected to continue to rise, boosted by a global economic recovery in late 2002 that will be supportive to the buying of luxury goods, such as gold jewellery.

Currency trends will also support gold. The price of gold is usually expressed in terms of US dollars.

The greenback is overvalued and is expected to depreciate on a trade-weighted basis by 5pc in 2002, which will raise the price of gold by a similar amount.

On the other hand a normalisation of economic and political conditions this year could well limit the chances of such an investor led increase in prices.

[ThaiGuru]

http://www.guardian.co.uk/business/story/0,3604,746299,00.ht…

Xerox in $2bn scandal

Dollar plunges as firm admits exaggerating revenues

Nils Pratley and Jill Treanor
Saturday June 29, 2002
The Guardian

Corporate America suffered a fresh accounting scandal yesterday as Xerox, the photocopying and printing giant, admitted it had overstated its revenues during the past five years by almost $2bn (£1.3bn).

The revelation, following the alleged frauds at WorldCom and Enron, threatens further damage to confidence in the US economy, Wall Street`s integrity and the dollar, which came within a fraction of parity with the euro yesterday amid further heavy selling pressure.

Meanwhile, Sir David Tweedie, the Scot who heads the international accounting standards board, warned in an interview with today`s Guardian that the UK is not immune from huge accounting failures such as the $4bn apparent fraud at WorldCom.

"People are saying this couldn`t happen in Britain. Oh yes it could," said Sir David. "It`s corporate governance failures. It could happen to us, too."

The UK`s chief financial regulator, the financial services authority, acknowledged the wide concerns yesterday as it tried to bolster confidence in the fragile stock market by changing solvency rules that could have forced insurance companies, among the biggest equity investors, to dump shares in a falling market. The move appeared to work as the FTSE 100 index rose 115.8 points to 4656.4.

The scandal at Xerox, though, is doubly shocking because its problems seemed to have been resolved by an investigation in April by the securities and exchange commission, the chief US financial watchdog. That audit estimated that Xerox`s overstatement of revenues, achieved by bringing forward equipment sales, was $3bn. Under the new accounts the equivalent figure is $6.4bn, which sent Xerox`s shares tumbling 10% yesterday.

The company, however, was able to claim that the net overstatement of revenues was $1.9bn because of various other revisions to its accounts. Nevertheless, it still admits that its profits during 1997-2001 were overstated by $1.4bn.

Xerox, founded in 1906, has almost 80,000 employees around the world, including 3,000 at its European head office in Uxbridge.

Its accounting scandal erupted last year and its auditor, KPMG, was fired after working for the firm for 30 years. The SEC accused Xerox of having "misled and betrayed investors" via a series of accounting tricks designed to manipulate its earnings and enrich top executives. One Xerox accounting scheme was known internally as "project Mozart" because of its supposed creative brilliance. Xerox agreed to pay a $10m fine to settle the charges but the SEC has still told a number of former executives and KPMG that it is considering filing civil charges against them.

Although the Dow Jones was barely affected by the Xerox scandal in early trading in New York, concern over the dollar is mounting. Intervention by the Bank of Japan, which is concerned about the impact on Japan`s export-led recovery, reversed the dollar`s slide in afternoon trading but it is becoming clear that financial institutions outside the US are losing faith in the currency.

Stephen King, chief economist at HSBC, said: "It seems to me that we are on verge of some kind of breakdown as far as the dollar is concerned. Foreign investors in the US have not seen the returns they expected. The major beneficiaries have been American consumers. If it is contained to a small fall in the dollar, it may not be too bad. But if it continues and we see a major drop, it is destructive for European competitiveness and that is not good for European growth."

Sir David, in his interview today, called for changes to the structure of the audit committees that oversee company accounts, suggesting that one of its members should be a finance director from another company or one who had recently retired: "A lot of finance directors don`t like having another finance director looking over their shoulder."

Sir David, who is credited with introducing new accounting rules in the 1990s after the Maxwell scandal, warned that the implications of not making changes are grave. "These are big issues," he said. "If the stock market becomes so wary of accounting numbers, share prices are going to continue to fall. That`s going to affect insurance companies and pension funds."

[HappyVienna]

2 Milliarden USD in 5 Jahren ist schwach, Worldcom hat das doppelte in kürzerer Zeit geschafft.

Ausserdem kann Xerox die irrtümlich falsch gebuchten Gewinne sicher mit Drucken und anschliessendem kopieren von Geld leicht kompensieren.

Liebe Grüße aus Wien

[ThaiGuru]

@HappyVienna

Hab bitte noch etwas Geduld, es kommen "mit Sicherheit" noch "stärkere" Zahlen von weiteren USA Firmen auf uns zu.

Besitzt Du Deine AOL Aktien eigentlich noch, oder hast Du sie auf meine Empfehlung hin, damals verkauft?

Gruss

ThaiGuru

[HappyVienna]

@Thai

Also Du musst mich verwechseln, ich hatte nie AOL und Du hast mir auch nie empfohlen diese zu verkaufen. Hätte ich selbst empfohlen. Habe vor 2 bis 3 Jahren wie ein Irrer gewirkt auf meine Mitbürger in Wien, als ich Cybertron als rechtmässigen "Betrug" hingestellt hatte (heute im Konkurs) und meinte Finger weg von allen Telekom Werten, NM etc. KGV hatte ich ja noch verstanden, aber KWV (Kurs Wachstums Verluste) nicht mehr. Und wenn ich 22000 USD für einen Mobilkunden zahle habe ich sicher mehr als diesen geringen Anteil wie Telekom in USA. Ich bin überzeugt ich bekomme 50% der Kunden in D wenn ich jedem Neukunden 1000 Euro schenke. Hatte bei 250 Gold empfohlen bzw. alternativ traden mit old economy, mit guten KGV Aussichten, wenns denn sein muss. Dzt. etwas Goldminen, sonst nur Cash, traden mit GM und schau mir diverse Werte an wie Infineon, Telekom, etc., dies hat aber noch etwas Zeit denke ich.

Liebe Grüße aus Wien

[HappyVienna]

Und zu den sogenannten Bilanzierungsskandalen:

Man muss diese sehr genau betrachten, was los ist. Nach allen 3 möglichen Bilanzierungsmöglichkeiten für die Börse, (in D gilt immer noch das HGB für die Finanz, wenn ich richtig informiert bin) ist etliches möglich, ohne gegen dass Gestz zu verstossen.

Das HGB ist üblicherweise die konservativste Methode. Aber es erlaubt trotzdem zB Immobilien mit fast 0 Wert in der Bilanz zu haben oder selbstentwickelte Dinge (Software, Entwicklung eines neuen Patentes usw.) mit Millionen zu bewerten oder Lagerproduktion auf Grund besonderer Umstände extrem hoch oder niedrig zu bewerten.

Nein, dass ist mir zu lange heute, müsste sicher etliche Seiten schreiben.

Liebe Grüße aus Wien

[ThaiGuru]

http://news.independent.co.uk/business/news/story.jsp?story=…

Mining giants dig heels in over South African seizures

By Leo Lewis

30 June 2002

The South African government is heading for a major fight with the country`s biggest mining companies such as Anglo American and De Beers after proceeding with a controversial new law.

The showdown centres on a minerals Bill that would transfer historic ownership of mining rights to the state. It means the government could seize land if companies cannot prove they plan to use their deposit.

Mining companies have protested vigorously. Although all minerals are covered, the biggest effects will be felt by miners of platinum, diamonds and gold. Companies fear years of hard work could be undone and the country will become unappealing to foreign investors.

Anglo American Platinum and De Beers and other firms are understood to be attempting to prevent the Bill passing in its current form, though time is running out. They have criticised its lack of detail, saying it leaves too many questions unanswered for them to accept something so radical.

Despite court actions and intense lobbying by the miners, the law – brainchild of the country`s minerals minister, Phumzile Mlambo-Ngcuka – has sailed over the first two major hurdles, and now only needs the endorsement of the Constitutional Court. Its aim to increase black empowerment has given the Bill considerable public approval.

[ThaiGuru]

http://english.peopledaily.com.cn/200206/29/eng20020629_9877…

Last updated at: (Beijing Time) Saturday, June 29, 2002

China Welcomes Foreign Investors in Gold Mining

China welcomes foreign investment in its gold production, according to an official with the State Economic and Trade Commission (SETC). http://english.peopledaily.com.cn/data/organs/statecouncil.s…

Cheng Fumin, head of a gold administrative bureau under the SETC, made the statement at the Sino-South Africa trade fair http://english.peopledaily.com.cn/data/southAfrica.html on gold production and technology held in Zhaoyuan City of east China`s Shandong http://english.peopledaily.com.cn/data/province/shandong.htm… Province.

China formally lifted the ban on foreign investment in gold production in March this year.

China`s gold production technology and management is backward compared with major gold production countries in the world, so it is eager to introduce advanced technologies and management expertise, Cheng said.

The country now has gold reserves of 4,000 tons, of which about1,000 tons cannot be developed with China`s current technology, but could be with advanced biological technologies already being used by other countries, he said.

China`s industrial and public demand for gold far exceeds the country`s own production. Local gold enterprises badly need good management and sales expertise. Both these factors offer vast opportunities to overseas investors, Cheng said.

The trade fair is jointly sponsored by the Gold Association of China, the Ministry of Trade and Industry of South Africa and the city government of Zhaoyuan, the most important gold mining area in China.

Over 30 South Africa businesses, including its largest gold enterprise, Gold Fields Limited, took part in the three-day event

[ThaiGuru]

Schöne Worte von W. Bush!

Wer weiss, vielleicht lässt er sich schon bald selbst einsperren, wenn rauskommen sollte, dass nicht alles mit rechten Dingen zugeht bei den Aktienmärkten und dem Goldpreis?

Uebrigens könnte sein Vizepresident Dick Cheney, vielleicht auch bald in die "Crooked Execs" Liste aufgenommen werden, da gegen dessen Firma "Halliburton", jetzt eine Untersuchung der SEC, wegen Bilanzierungs- "Unregelmässigkeiten" angelaufen ist.http://news.independent.co.uk/business/news/story.jsp?story=…

Gruss

ThaiGuru



http://news.independent.co.uk/business/news/story.jsp?story=…

Bush vows to jail crooked execs

By Elizabeth Hollander
30 June 2002
Internal links

In a desperate bid to shore up trust in corporate America, President George Bush yesterday vowed to punish executives who benefit from accounting irregularities.

His comments come at the end of a week in which two blue-chip US names have become embroiled in scandal and world markets lost faith in the stability of the dollar.

"Executives who commit fraud will face financial penalties and, when they are guilty of criminal wrongdoing, they will face jail time," Mr Bush said in his weekly radio address.

The President`s promises follow the twin shocks of a $3.8bn (£2.4bn) accounting gap at the telecommunications firm WorldCom and a $1.9bn mis-statement by Xerox, the photocopier giant.

Although stock markets managed to stage solid rallies at the end of the week, the scandals shook investor confidence to the core. The WorldCom revelations caused Wall Street and the City to plumb depths last seen in the aftermath of September 11.

But while WorldCom was clearly a shock, the irregularities at Xerox produced a more fundamental depression among traders.

Its announcement of a larger-than-expected reversal of revenues gave traders a chilling sense that no area of the market could now be assumed immune from scandal. Xerox shares plunged 14 per cent on Friday.

These scandals followed the collapse of the energy trader Enron last year and could spell more bad news for Andersen, which audited both WorldCom and Enron. As the dollar fell on international markets, Mr Bush called for stricter rules to "restore faith in the integrity of American business".

"No violation of the public`s trust will be tolerated," he said. "The federal government will be vigilant in prosecuting wrongdoers."

President Bush said that corporate officers would be barred from benefiting from accounting sleights-of-hand by collecting salaries or bonuses. "When bad accounting practices make the company appear to be more successful than it actually is, corporate executives should lose their phony profits gained at the expense of employees and stockholders," he said.

Mr. Bush stressed that the American economy was strong enough to withstand "recent abuses of the public trust". The economy could determine the Republicans` fate in November`s elections, with Democrats in Congress arguing that the Republican-backed legislation does not go far enough to clean up corporate America.

"The desire for reform is not to be found" in measures put forth by the Bush administration, said Senate Majority Leader Tom Daschle, a Democrat, on Friday. The Democrats want to establish a regulatory board that would be more independent than the Securities and Exchange Commission, which reports to the President.

[ThaiGuru]

June 30 - Gold $312.60 down $6.40 - Silver $4.78 down 9 cents

Crisis Team: Hit or Myth?

Here in the U.S we have the Wall Street Journal. England has the Financial Times. In Australia, you would read the Australian Financial Review.

Financial Review
Robin Bromby
Friday June 28

Crisis Team: Hit or Myth?

At 2:32 Wednesday, New York time, something extraordinary happened at the corner of Wall and Broad streets.

The New York Stock Exchange’s Dow Jones industrial index - struggling since the opening bell after the World Com fraud revelations - threw off its problems.

From an intraday low of 8926.6, the Dow shot skywards to its high of 9160 at 3:29 PM, leaving a chart movement resembling the north face of the Eiger. Quite some reversal in the face of such bad news for investors.

Could it be the work of the much talked about, but never seen, Plunge-Protection Team?

There is a belief fast gaining ground that this team represents a powerful and secretive hand that is ready to act at any time the Dow looks ready to tank big-time.

It is reputed to consist of Fed chairman Alan Greenspan, the US Treasury Secretary, and select insider Wall Street brokerages, including Goldman Sachs and Merrill Lynch along with bankers like Citigroup.

When needed, so the theory goes, funds are pumped into stocks and futures to derail any market panic. Such a group’s existence first came to light in The Washington Post five years ago. The paper reported that after the October 1987 crash president Ronald Reagan signed an executive order authorizing a working group on financial markets aimed at coming up with strategies dealing with stock market crises. No one heard much more about it -- that is, until January 1997 when Dr. Greenspan made a speech saying the government would directly intervene in the market in “rare circumstances.”

That lead to the Post’s investigation, and the belief that such interventions have occurred has never died.

Lat January popular online brokerage www.TheStreet.com wrote: ‘That may investors believe a so-called ‘plunge-protection’ team exits may be as important as whether it’s fact or myth. Such beliefs may explain why many investors rode the markets down in the past 22 months., and why most continue to have faith in the stock market, and in Greenspan.”

The New York Post reported in October 2000 that when the Dow dropped 400 points the previous day, Goldman Sachs, Merrill and others saved the market through heavy futures purchases. “You and I will probably never know whether the Fed was behind the futures purchases…and Alan Greenspan will never admit that he is interfering in a supposedly free market,” the paper added.

London’s Observer newspaper last October reported it had information the plunge team was preparing to spend “billions of dollars” to avert a repeat of 1929 and 1987.

The paper said Washington strategy was to use investment funds and broking subsidiaries to block short selling by speculators.

-END-

www.lemetropolecafe.com

[ThaiGuru]

Word is spreading about US market manipulation:

Banks stem dollar slide
Japan enlists Europe and US to stabilise currency markets after WorldCom

Charlotte Denny and Oliver Burkeman in New York
Saturday June 29, 2002

The Guardian

The dollar was rescued from plunging through parity against the euro yesterday after the Bank of Japan enlisted the help of the European Central Bank and the US Federal Reserve in a multibillion-dollar strike on the foreign exchange market to cap the yen.

During a day in which regulatory authorities around the world sought to soothe market nerves shattered by the WorldCom debacle and revelations of false accounting at Xerox, the BoJ took action to prevent the dollar`s plunge against world currencies from undermining the Japanese economy.

Japan has intervened repeatedly on its own during recent weeks to prevent the yen from rising sharply in value, but the coordinated attack yesterday marks a more serious attempt to halt the dollar slide.

It is the first time the Japanese authorities have asked other central banks for help since the dollar plunged last September after the terrorist attacks in the US.

"What we`ve seen today is an exercise in stabilisation," said David Brown, chief UK economist at Bear Stearns. "All they are doing is sending a shot across the market`s bow." The dollar, which earlier in the day had been within a whisker of the psychologically critical one-to-one level with the euro, initially bounced back against the euro and yen. But it was under pressure again in late trading, and analysts said that it was likely to fall further unless the central banks repeated yesterday`s intervention.

"The parity barrier could be breached next week. We were only marginally away from there today," said Hans Redeker, the chief foreign exchange strategist at BNP Paribas.

"The euro has gained more than 12 big figures against the dollar since March without any major correction yet."

In the US, regulatory authorities are taking action to prevent WorldCom engaging in an Enron-style mass document shredding operation, the Wall Street Journal reported.

WorldCom is in talks with the Securities and Exchange Commission to appoint a corporate monitor to ensure the firm does not destroy documents or seek to silence executives with severance payoffs or bonuses during the inquiry.

The newspaper also reported new charges against the company in an employee lawsuit accusing WorldCom and its present and former executives of encouraging workers to buy its stock for their retirement plans, even though it knew the share price would be likely to plummet.

Judy Wilson Rambo, a participant in WorldCom`s 401(k) retirement plan, filed the suit in Jackson, Mississippi, where the company was founded, alleging breach of fiduciary duty.

WorldCom bosses urged employees to buy stock "despite their knowledge that [it] was not a prudent investment option," according to the suit, which is being filed by one of the firms leading class action claims against Enron in connection with its retirement plans. Ms Rambo`s suit seeks class action status too, the paper reported.

According to the most recent public filings, 55% of WorldCom`s $514m retirement funds were invested in its own stock - a proportion totalling $281m. Those shares were worth just $4.4mwhen trading in WorldCom shares was
halted this week.

Officials from WorldCom were not available to comment on the negotiations with the SEC or the lawsuit.

Guardian Unlimited © Guardian Newspapers
Limited 2002

www.lemetropolecafe.com

[ThaiGuru]

Richard Russell:

June 28, 2002 -- Economists take notice -- all facts are history. So to start, let`s go over a bit of history.

The US dollar has sustained it biggest quarterly drop in 14 years. Why? A decline in foreign demand for US assets.

Financier George Soros says the US dollar could drop by one third over the next few years. Is George shorting the dollar?

The House votes (by one vote) to raise the US debt ceiling another $450 billion to a total of $6.4 trillion. The US is swimming in an ocean of debt.

US consumer spending "unexpectedly" declined in May for the first time in six months.

The broad M-3 money supply increased by $38 billion in the latest week.

Stocks fell worldwide in the first half of 2002 -- investors lost trillions of dollars as US stocks suffered their biggest first-half loss since the 1970s, based on growing distrust of US executives and a concern that a rebound in earnings may be slower than originally expected.

www.lemetropolecafe.com

[Blecheuro]

Was ist, wenn die Welt auf einmal merkt, daß auch Europa in einem Schuldenmeer schwimmt?

Dann gilt es nur noch einzustufen, wer am schnellsten absäuft!

Ich sage der BLECHEURO!!!!!!!!!!!!!!!!!!!!!!

[ThaiGuru]

Mit entwas Verspätung, wurde heute der Gold "Manipulations" Bericht der Royal Bank of Kanada, von John Embry, den ich bereits vor einigen Tagen gepostet habe, nun heute auch von der englischen Zeitung "Telegraph" in ihrer Money Rubrik veröffentlicht.

Eigentlich gar nicht so schlecht für eine "Verschwöhrungstheorie" wie die Gegner sie benennen.

Gruss

ThaiGuru



http://money.telegraph.co.uk/money/main.jhtml;$sessionid$YVG…

Sunday 30 June 2002

Bank retracts gold price-fixing report

By Edward Simpkins (Filed: 30/06/2002)


The Royal Bank of Canada has issued a retraction after a research report by one of its most senior asset managers appeared to support the claims of conspiracy theorists that central banks have secretly connived to keep the price of gold low.

The eight-page report published as a research note by the investment division of the bank speaks of "increasing evidence of unsustainable gold price manipulation" and says the evidence of secret price fixing is "overwhelming".

The report refers to the practice in the past, when the price of gold was pegged to currencies, of central banks dumping gold to keep the price down. "Today, instead of the overt action of yesteryear, it is covert because the market is allegedly free," the report says.

It goes on to claim that instead of selling physical gold the banks have sold derivatives, called hedging, leaving them owing far more metal than they control and giving them an interest in the price of gold continuing to fall.

"The size of the short position, officially acknowledged to be more than 5,000 tonnes by the bullion bank apologists, is thought to be well over 10,000 tonnes and may exceed 15,000 tonnes," the report adds.

The claims were seized on by fringe groups such as the Gold Anti-Trust Action Committee which said it showed that mainstream investors were coming round to their view that central banks secretly act to keep a lid on the price of gold in order to support the dollar.

"The establishment in the gold world is coming around to our central premise," Chris Powell, secretary of GATA, told his members last week. "Central banks and particularly the US Treasury Department have been colluding surreptitiously and desperately to suppress the gold price and manipulate the gold market," he added.

The report has caused embarrassment to Royal Bank as many of its clients and some of the biggest companies on the Canadian stock exchanges are gold miners, including Barrick Gold Corp, the world`s second largest producer which is also the world`s biggest hedger.

Bank of Novia Scotia is one of the largest bullion banks in the world and the Canadian central bank has been a consistent seller of gold over the past decade. Mark Arthur, head of Royal Bank Investment Management, issued a statement saying the report was produced for "internal use" and "in no way reflects the views of Royal Bank".

However, the report is by John Embry, a senior figure at RBC who sets strategy for the bank`s $38bn funds under management and chairs its stock selection committee as well as running its Royal Precious Metals fund. He was not available for comment.

Embry predicts in the report that the price of gold is set for further steep rises. "Those with a vested interest in containing the price of gold - central banks, bullion banks, heavily hedged gold companies - will not die easily but the tide is moving strongly against them and the embedded short positions could catapult the gold price higher."

[ThaiGuru]

@Blecheuro

Sag ich doch schon Lange!

Gold und Silber kaufen, aber physische Ware zum Anfassen.

Zur Zeit wieder zu vom Goldcabal und PTT "subventionierten" "Aktionspreisen" erhältlich.

Falls es denn unbedingt Bargeld (Fiat Money) sein muss, dann lieber Schweizer Franken, als Euro.

Gruss

ThaiGuru

[ThaiGuru]

http://news.bbc.co.uk/hi/english/business/newsid_2076000/207…

Sunday, 30 June, 2002, 13:55 GMT 14:55 UK

Accounting concerns focus on GE

Jack Welch turned GE into America`s most respected corporation

With every major US corporation apparently now in the crosshairs of investors suspicious about accounting practices, the spotlight is now in US industrial and financial icon General Electric.
The company, nursed to near-legendary status by former chief executive Jack Welch, reportedly made $2.1bn (£1.4bn) in profits from its pension fund in 2000 and 1999 - despite the fact that the fund has been losing money thanks to sliding stock markets.

The practice has become common among large corporations, and helps them to meet Wall Street`s expectations for earnings, but it is now coming under fire amid the hailstorm of criticism directed at US corporations` accounting practices.

Billionaire investor Warren Buffett, for one, has said that GE, General Motors, Exxon and other heroes of USA Inc are basing their pension fund profit contributions on "pretty heroic assumptions" about future performance.

Anger

The new focus on GE comes as President George W Bush adds his voice to the chorus of disapproval from regulators, politicians and commentators.

In a regular radio address on Saturday, Mr Bush demanded jail terms for corporate fraudsters.

"A few bad actors can tarnish our entire free enterprise system," he told listeners.

And he also wants to see senior corporation figures stopped from making financial gains from false company profit statements, while people guilty of such abuses should be prevented from holding high-level business positions again.

Trouble at the top

Unfortunately for Mr Bush, that could well include his own second in command.

Among the big corporations currently in the firing line of the Securities and Exchange Commission is Halliburton, the oil giant whose chairman and chief executive - till July 2000 - was current US vice president Dick Cheney.

The SEC is examining allegations that Halliburton relabelled $100m in disputed costs on oil contracts to bolster its financial position during tough merger negotiations.

At the time of the alleged switch - 1998 - the firm`s auditors were Arthur Andersen, the accountants already disgraced by a conviction for obstructing justice following the Enron scandal and implicated in WorldCom`s misdeeds as well.

[ThaiGuru]

Soviel zur "Freien Marktwirtschaft"!

Gruss

ThaiGuru




http://biz.yahoo.com/rf/020628/chronology_history_1.html

Friday June 28, 11:09 am Eastern Time
Reuters Market News

CHRONOLOGY-History of central bank intervention

LONDON, June 28 (Reuters) - The following is a chronology of intervention in foreign exchange markets by major central banks on the dollar, yen, mark and euro.


June 28, 2002 - Bank of Japan intervenes to sell yen, and U.S. Federal Reserve and European Central Bank also sell yen on BOJ`s behalf early in New York trading. ECB confirms it buys euros for yen. Traders see sharp euro move from around 118.10 to highs above 119. Dealers also see Fed buying dollars for yen from around 119, lifting the dollar to highs around 120.35.

June 26, 2002 - Bank of Japan intervenes to sell yen, lifting the dollar to 121.35 from around 120.20-30. Second bout takes the dollar to around 121.10 from 120.50/60. Third bout in early European session takes dollar to 120.70 from 120.03. BOJ is estimated to have bought $18.56 billion in its intervention operations in June, including May 31.

June 24, 2002 - Bank of Japan intervenes to sell yen in early afternoon Tokyo trading, lifting the dollar to around 122.80 from 121.10/15 as the greenback fell to a seven-month low below 121 in the previous session.

June 4, 2002 - Bank of Japan intervenes to sell yen, lifting the dollar a full yen from 123.35 yen.

May 31, 2002 - BOJ intervenes to sell yen for dollars as the dollar falls to around 123 yen, after it dropped to a six-month low below 123 in the previous session. Intervention takes it back up to 124.45/50 before another slide to 124 and another round of BOJ yen-selling. Third bout takes it from around 123.75 to above 124.

May 23, 2002 - BOJ intervenes for second straight day, seen selling yen for dollars at 123.90/95.

May 22, 2002 - BOJ intervenes to sell yen for dollars, after the dollar fell to a 5-1/2 month low of 123.50 on doubts about the speed of the U.S. economic recovery. BOJ seen intervening at 123.80/90 yen per dollar.

Sept 24/26/27/28, 2001 - BOJ intervenes to sell yen for dollars, worrying about an export crippling rise in the value of the yen and following attacks on U.S. cities on September 11. Sept 24/26/27 intervention is not limited to the dollar but includes buying euros for yen, with European Central Bank (ECB) and euro zone central banks operating on behalf of BOJ. On Sept 27 Japan says the New York Federal Reserve intervenes on its behalf for the first time in the September round.

Sept 17, 19, 21, 2001 - BOJ intervenes to sell yen for dollars.

Nov 10, 2000 - ECB in conjunction with national euro zone central banks intervenes to buy euros.

Nov 6, 2000 - ECB and other euro zone national central banks intervene to buy euros.

Nov 3, 2000 - ECB and other euro zone national central banks intervene at least twice to buy euros, following the currency`s five percent recovery from record lows set the previous week around $0.8225.

Sept 22, 2000 - Central banks in Europe, Japan and the United States, acting together for first time since 1995, intervene to drive euro higher after currency hits all-time low below 85 cents two days earlier, a loss of nearly 30 percent of its value since its January 1999 launch. Intervention is first by ECB since its birth.

January 1999 to April 2000 - Japan concerned too-strong yen, trading around 108 to the dollar in January, 1999, will choke off fragile economic recovery and intervenes in foreign exchange markets to tame its strength. Bank of Japan (BOJ) sells yen at least 18 times in this time period, including once via the Federal Reserve and once via the ECB. Despite intervention, yen continues to strengthen against dollar, reaching 102 by April 2000.

April-June 1998 - With yen weakening, BOJ intervenes to support its currency. As yen crumples below 144 to the dollar, U.S. authorities on June 17, 1998 join the BOJ, spending $833 million buying yen.

April 1994 - August 1995 - Dollar sinks to record lows against the German mark, reaching 1.41 in July 1995, and it hits post-World-War Two lows against the yen below 83 to the dollar in April 1995. From April 1994, United States intervenes repeatedly, often in concert with Japanese and individual European central banks, to prop up U.S. currency. The last coordinated intervention with European banks in this period takes place on August 15, 1995.

April-August 1993 - U.S. buys dollars and sells yen.

1991-1992 - U.S. and European central banks intervene repeatedly as U.S. economy tumbles into recession during Gulf War, which weakens the dollar. U.S. intervenes on both sides of market, spending more than $2.5 billion buying currencies and selling $750 million.

1988-1990 - Dollar trends higher. U.S. intervenes after Group of Seven statements on importance of maintaining exchange rate stability.

February 1987 - Louvre Accord. Weak dollar, growing U.S. trade deficit and prospect of weakening U.S. economy raises concerns in Europe and Japan about further dollar weakening. G5 plus Italy meet at the Louvre in Paris and issue statement agreeing to "foster stability of exchange rates around current levels." United States, frequently in coordinated operations, intervenes a number of times to buy dollars.

September 1985 - Plaza Accord. Group of Five - U.S., Germany, Japan, Britain, France - meet at Plaza Hotel in New York to discuss concerns about very strong dollar and U.S. worries about declining competitiveness. Following weeks see substantial intervention sales of dollars for other G5 currencies by U.S. and other monetary authorities.

1980-1981 - U.S. authorities intervene to tame strengthened dollar.

1978-1979 - Dollar comes under heavy pressure amid high oil prices, high U.S. inflation and deteriorating balance of payments. In November 1978 a major new dollar support programme is introduced to raise a large war chest of up to $30 billion. U.S. intervenes forcefully and often in the market with other central banks.

[keepitshort]

der Aktienmarkt im Aufschwung oder die Trendwende ist da
oder der Boden ist gefunden ???

nein dies kann nicht sein,
denn erst heute habe ich auf N24 gehört dass Börsengänge
abgesagt werden, da die Marktlage so schlecht ist.

Der Hintergrund ist auch interessant,
Firmen wollen einen Börsengang wagen um damit ihre
Schulden abzubauen.

Ich hatte immer geglaubt Firmen gehen an die Börse
da sie ein Konzept haben um mit dem Geld vom
Börsengang dann ihre Firmenstruktur zu erweitern.

Das Börsenkonzept erst riesige Schulden machen und
dann über den Börsengang das Geld wieder reinholen.
(Ron-Sommer-Prinzip )


Mein Konzept erst mal eine gute Geschäftsidee dann
das Geld über den Börsengang reinholen und
dann wenn man das Geld hat, dann kann man erst die
Investition tätigen.

[ThaiGuru]

Aus den offiziellen Kommentaren zum Goldpreisgerschehen entnehme ich viele Stimmen der Verwunderung zum starken Preisabfall vom Wochenende.

Doch was wirklich mit dem Dollar, den USA Aktien, Gold und Silber abläuft, wissen die Kommentatoren anscheinend immer noch nicht?

Die meisten Leser dieses Threades wissen es, doch nur ärgern hilft nichts. Unternehmt selbst was dagegen, und schreibt Leserbriefe an Zeitungen, ruft bei Radio Sendungen an, schreibt Eure Meinung und Ansichten in die vielen deutschen Forums und Boards, und verbreitet Euren Aerger.

Nur Lesen hilft nicht!

Gruss

ThaiGuru




http://finance.news.com.au/common/story_page/0,4057,4613939%…

Gold at six-week low

01jul02

LOCAL gold stocks were under pressure after the price of gold tumbled to a six-week low, despite uncertainty in world markets after multi-billion dollar accounting irregularities at two major United States companies.

Following the lead set by markets in New York on Friday, the Sydney gold price opened at $US313.85 an ounce, down $US5.40 on Friday`s close of $US319.25.

At 1500 AEST, the precious metal had slumped further to $US311.60 an ounce, its lowest level since May 17 and a long way from its five year high of $US328 an ounce on June 3.

In New York Comex August gold closed at $313.90 an ounce, down $5.70 after falling as low as $310.50.

Gold stocks on the Australian Stock Exchange have followed the gold price south with all key players losing ground.

AurionGold Ltd, which is battling a hostile takeover offer from Canadian miner Placer Dome, has plunged 18 cents to $3.77.

Its nearest Australian rival Newcrest Mining Ltd is six cents softer at $7.52 while Lihir Gold Ltd has lost five cents to be trading at $1.29.

Gold and tantalum miner Sons of Gwalia Ltd is five cents weaker at $6.00.

Commonwealth Bank of Australia commodities analyst David Thurtell said gold`s reaction to the scandals at WorldCom and Zerox in the US was "puzzling".

"Everything that has in the last two or three months helped gold rise continued last week yet it came off," he said, blaming the fall on profit taking.

"I think there was a bit of profit taking....the funds started to build up their shorts in the week to June 25 so perhaps people were taking profits."

Growing concerns about accounting procedures in the wake of the Enron collapse was one of the major factors that helped breathe life back into the gold price after years in the doldrums.

Safe haven buying as tension in the Middle East increased, fears of another September 11 style terrorist attack, a reduction in producer hedging and a weaker US dollar have also boosted interest in gold.

However the precious metal remained indifferent to telecommunications giant WorldCom`s admission last week that it had improperly booked almost $US4 billion in expenses as capital expenditure.

Xerox provided the next bombshell by revising down its pretax profit by $US1.4 billion after restating five years of results to reclassify more than $US6 billion ($A10.66 billion) in revenues.

With gold now hovering just above $US310, some investors may wonder if its recent resurgence has come to end.

Although Mr Thurtell warned of some volatility ahead, he remains confident that gold will regain some of its lost ground.

"I find it hard to believe that there is not one or two more WorldComs out there and the US equities are still fairly heavily priced.

"My view is that further weakness in both equities and the US dollar will mean that gold can go further still.

"It is probably a timely consolidation and I think it will push back up.

"It`s held $US311/312 quite well."

Mr Thurtell warned trading would be thin this week given the July 4 holiday in the US.

"There could be a bit of volatility in thinning trade," he said.

AAP

[ThaiGuru]

http://www.themoscowtimes.com/stories/2002/07/01/045.html

Monday, Jul. 1, 2002. Page 7

Russians Turning to Surging Euro

By Victoria Lavrentieva

Staff Writer With the euro surging to two-year highs against the U.S. dollar, the ruble and Central Bank reserves are sliding in value and some panicky Russians are switching to the euro.

On the back of scandals swirling around U.S. giants WorldCom and Xerox Corp., the euro peaked at 99.90 cents to the dollar on Friday, its highest level against the U.S. currency since February 2000.

A handful of banks, anticipating a further strengthening of the euro, started selling euros last week at rates equal to or higher than the dollar.

"The demand for euros has increased dramatically over the past several days," said a cashier with the EnergoSberBank currency exchange office on Pyatnitskaya Ulitsa, which has one of the highest rates for euros in town, according to business information service RosBusinessConsulting. EnergoSberBank was selling 1 euro for 31.9 rubles on Friday, while its dollar rate was set at 31.57 rubles.

"Demand is exceeding supply and Russian banks are having difficulties meeting it," the cashier said. "As you might guess, people are making orders for quite significant amounts, as it is not a problem to change $100 for euros if you are going on vacation."

At least six banks -- Bank Moskvy, Rossiisky Bank Razvitiya, Ogni Moskvy, Sovinkom, Sfinks Bank, Belekonombank, Fram and BFT -- were buying euros at the same rate as the dollar Friday.

The economy is traditionally linked to the dollar, as most of its exports are priced in dollars. The federal budget is based on the ruble-dollar rate, and most external debts are nominated in dollars. Eighty percent of the Central Bank`s reserves are nominated in dollars, while euros account for 10 percent and the rest is in gold.

At the same time, Europe has always been Russia`s main trading partner, with food and clothes being among the major imports.

"In Russia`s case, additional dollar weakness will mean first of all that the ruble will weaken against the euro while largely remaining unchanged against the dollar," said Philip Poole, head of emerging markets research at ING Barings in London.

"In the longer term, this will make noncommodity exports from Russia more competitive in the EU market. At the same time it will make imports sourced from the EU more expensive," he said. "In this respect, over time we will probably see the shift in the Russian trade pattern from importing from EU toward exporting to EU."

Additionally, a limited valuation affect will hurt the country`s debt-GDP ratio. "Russia does not have a lot of euro-denominated debt," Poole said.

But while the macroeconomic effect of the dollar-euro battle for Russia will only be seen in the longer term, the Central Bank and ordinary people are already losing money.

Presidential adviser Andrei Illarionov said recently that the value of the Central Bank`s reserves has shrunk by about $2.5 billion because of the rise in the euro`s value.

According to some estimates, a 10 percent increase in the euro rate against the ruble means a $5 billion to $6 billion decline in Russia`s trade balance. The euro has strengthened about 10 percent against the ruble since the beginning of the year.

Alexander Kolochenko, head of consumer banking with Raiffeisenbank Austria, said his bank last week was issuing an equal number of cards on euro accounts as on dollar accounts, while at the beginning of the year euro cards accounted for only 5 percent of the accounts.

"Also, many clients are coming and converting their dollar deposits into euros, even though they are losing on interest rates," he said.

"Russians are prone to panic," said Mikhail Matovnikov, deputy director general of the Interfax Rating Agency. "But in the short term, the euro is still less attractive as a means of savings than the U.S. dollar, and although it sounds unbelievable, ruble deposits are the most attractive instrument of them all these days."

But spreads on euro/ruble exchange rates remain very high at about 50 kopeks, compared to 1 to 5 kopeks for the dollar, as a result of high transaction costs, low liquidity and considerable currency risk, he said, adding that where the euro will end up is anybody`s guess.

"Two months ago no one would have expected the euro to reach parity with the dollar, and likewise no one today can say what will happen in two months," Matovnikov said.

[ThaiGuru]

Soviel zum Wirtschaftsaufschwung in den USA!

http://www.contraryinvestor.com/mo.htm

[ThaiGuru]

Schweizer Zeit 10:32, Montag 01.07.2002

Ein weiterer kleiner Dominostein der gefallen ist! Und der Steuerzahler zahlt die Zeche!

Gruss

ThaiGuru



http://www2.swissinfo.org/sde/Swissinfo.html?siteSect=143&ei…

Fairchild Dornier-Insolvenzverfahren eröffnet

WEILHEIM - Das Insolvenzverfahren über das Vermögen des Flugzeugbauers Fairchild Dornier ist offiziell eröffnet worden. Das teilte das Amtsgericht Weilheim mit. Damit ist die Zerschlagung des Traditionsunternehmens näher gerückt.
Fairchild Dornier hatte Anfang April Insolvenzantrag gestellt.

Da es keine seriösen Interessenten für das Gesamtunternehmen gibt, bleibt nur eine Zerschlagung. Verhandlungen mit EADS, Alenia und Bombardier über den Verkauf des 728-Programm waren in den letzten Wochen erfolglos abgebrochen worden.

Bereits wurden bis zu 1200 der 3600 Arbeitsplätze in Oberpfaffenhofen gestrichen. Noch einmal so viele Stellen sind beim 728-Programm in Gefahr. Diese insgesamt 2400 Arbeitsplätze werden ab 1. Juli für drei Monate in Qualifizierungsgesellschaften ausgegliedert. 011013 jul

01.07.2002 10:14, SDA-ATS

[ThaiGuru]

http://quote.bloomberg.com/fgcgi.cgi?mnu=news&ptitle=Technol…

07/01 08:54

Harmony Gold, Gold Fields, BHP, MIH: S. African Equity Movers

By Jonathan Rosenthal and Antony Sguazzin


Johannesburg, July 1 (Bloomberg) -- The following stocks are making substantial gains or losses today in South Africa. Ticker symbols are in parentheses.

Gold shares slid after the price of the metal fell 1.9 percent to an almost six-week low of $311.25 an ounce. AngloGold Ltd. (ANG SJ), the world`s third-biggest gold producer, slid 8 rand, or 1.5 percent, to 540 rand while Gold Fields Ltd. (GFI SJ) dropped 8.4 rand, or 6.9 percent, to 113.4 rand. Harmony Gold Mining Co. (HAR SJ) declined 8 rand, or 5.6 percent, to 134 rand and Durban Roodepoort Deep Ltd. (DUR SJ) fell 1.69 rand, or 3.9 percent, to 41.3 rand.

Platinum shares fell after the price of the metal declined as much as $10, or 1.8 percent, to $532.50 an ounce, bringing to 5.7 percent their fall since the New York-based CPM Group released a report saying platinum production will exceed demand for the second year in 2002. Anglo American Platinum Corp. (AMS SJ), the world`s biggest platinum miner, declined 15 rand, or 3.7 percent, to 390 rand while Impala Platinum Holdings Ltd. (IMP SJ), the second-biggest producer, declined 6.8 rand, or 1.2 percent, to 565 rand. Gencor Ltd. (GMF SJ), which owns 46.1 percent of Impala, declined 50 cents, or 1.1 percent, to 44.5 rand. Anglo American Plc, which owns 58 percent of Anglo American Platinum, declined 3.98 rand, or 2.3 percent, to 168 rand.

BHP Billiton Group (BIL SJ), the world`s biggest mining company, gained 2 rand, or 3.7 percent, to 56 rand after it said an Australian court approved the spinoff of its $1.9 billion steel business.

MIH Holdings Ltd (MHH SJ), the owner of Internet service providers and newspapers, gained for a third day after its Naspers Ltd. unit posted a smaller second-half loss and higher sales. MIH gained 90 cents, or 11.3 percent, to 8.9 rand, taking its gains since Wednesday to 37 percent. Naspers (NPN SJ) gained 20 cents, or 1.1 percent, to 19 rand.

[Traderfriz]

News v.d. JSE Die Party sollte wieder an Fahrt gewinnen *******************************************************

On GOLDS - we see that the Gold price is still in uptrend on behavioural counts as well as 50 day and longer momentum tests. We see that the US$ has been sold to below key long term technical levels. We notice that when the Euro rose above $0.92 - gold traders knew that $352 would come on the Gold price. Yet since $332 there has been enough $Gold buying in recent weeks to bring it back to $314 despite the Euro at $0.99. The behaviour of the CHF (Swiss Franc) has been even more dramatic.

The question must finally be this: assuming the US Fed with the collusion of multinational financial institutions and other central bankers, have indeed been keeping the $Gold price down, how long can they do it? Only while Wall Street stays at reasonable levels and while the exodus of money from the US does not accelerate. Or the US trade deficit gets smaller. Yet the corollary to these points is that any new stress on the global financial system in coming weeks - will almost certainly lead to capitulation selling of Wall Street and the US$ and buying of Gold.

If you think that Wall Street is robust right now and that despite Mr Soros "agreeing" with my previous warnings that the US$ has one third downside in the next two years - that we are wrong - that all is in fact hunkey dory - then sell your golds and buy the US$ and buy Wall Street and sell US Bonds.

If on the other hand, you listen to the 18-21 year gold cycle and to my behavioural counts AND you think that Wall Street and the US$ ain`t seen nothin` yet - then buy the dips on golds and wait patiently for the next leg of the bull to $352 and above by October 2002.

In a bit more serious gold vein though, we are expecting a quiet couple of weeks in July with more profit taking and nibbling in the early part and the next leg of the gold run starting either on or about 15th July or on or about 27th July.

Don`t hang your only gold hat on these cycle comments though - the Yellow Lady has a way of glinting when you don`t expect her to. The currencies and volumes on Comex and gold share prices themselves are still the best indicators to watch. While the Gold price stays above $302.80 on a weekly close, plus some base building action, we go and have picnics away from the screens, instead of worrying too much about the direction of the Yellow Lady.

Best regards

Victor Hugo

www.jseshares.com

[ThaiGuru]

Es sieht für mich persönlich danach aus, als ob wir gerade langsam auf eine Uebernahme von Gold Fields durch Anglo Gold moralisch vorbereitet werden.

Wir werden es wohl nächstens erleben, ob es wahr ist?

Gruss

ThaiGuru



http://quote.bloomberg.com/fgcgi.cgi?ptitle=Top%20Financial%…

Top Financial News

07/01 03:34

Gold Fields` CEO Seeks Growth, Eyes AngloGold Tie

By Antony Sguazzin

Johannesburg, July 1 (Bloomberg) -- Ian Cockerill, Gold Fields Ltd.`s chief executive officer as of today, faces a new challenge with gold having its best year since 1987 -- how to spend record profits at the world`s fourth-largest producer.

Most gold deposits in South Africa, where Gold Fields and its predecessors have been mining for a century, lie miles underground and are more expensive to exploit than those abroad. That will force Cockerill and his counterparts at bigger rival AngloGold Ltd. to look elsewhere or combine, analysts said.

``There are only two options,`` said Leon Esterhuizen, an analyst at UBS Warburg in Johannesburg. ``Put AngloGold and Gold Fields together, or they can both go overseas in a big way.``

Violence in the Middle East, concern of terrorist attacks after Sept. 11 and accounting frauds at Enron Corp. and WorldCom Inc. have left investors looking for a haven. That has caused gold to jump 12 percent this year to $312.45 an ounce, helping Gold Fields recover from losses in two of the past three years.

Until last year, the South African gold industry had been suffering from falling prices, sending production to the lowest level since 1954.

Gold Fields shares have tripled since Sept. 11. It`s also lifted the price of potential acquisitions. Bigger miners such as Newmont Mining Corp. of the U.S. and Canada`s Barrick Gold Corp. have bought rivals in the past year, reducing the list of targets.

Gold Fields shares fell as much as 8.4 rand, or 6.9 percent, to 113.4 rand today after the gold price declined as much as 1.9 percent in London to its lowest level in almost six weeks.

Started as Geologist

London-born Cockerill, who turned down a place at medical school and started as a geologist in 1975, was Gold Fields` managing director before taking the top job. Chairman Chris Thompson will keep his post after relinquishing the chief executive title.

While mulling combinations, Cockerill is looking to expand Gold Fields through exploration from Venezuela to Bulgaria to Burkina Faso. The company may diversify by digging a platinum and palladium mine in Finland capable of producing about $400 million worth of metal a year, Cockerill said last week.

Cockerill, 47, said he`s not desperate for a partner. Gold Fields declined to pay more than A$3 a share earlier this year for a stake in Australia`s AurionGold Ltd. Last week Aurion rejected an offer of A$3.86 a share from Canada-based Placer Dome Inc., and the stock closed Friday at A$3.93.

``We have to make sure that we don`t squander the improved margins`` brought about by last year`s decline in the rand and the rising gold price, Cockerill said in an interview during breakfast at the Park Hyatt hotel, where he ate porridge and kippers. ``We want to use these improved margins sensibly. Exploration has a better chance of adding value.``

Australian Miners

Two more Australian miners, Newcrest Mining and Lihir Gold, may yet be on the block. Acquiring either would increase Gold Fields` production by about 15 percent to 4.8 million ounces a year, a sixth less than AngloGold, the world`s third-biggest gold producer after Newmont and Barrick. Buying Ghana-based Ashanti Goldfields Co. would pull it about even with AngloGold.

A dearth of opportunities abroad may drive merger talks with AngloGold that sputtered last year, analysts said. AngloGold Chief Executive Bobby Godsell approached Thompson in January 2001 about bidding for Gold Fields. No formal offer was made.

Together the two South African companies would mine more than 10 million ounces of gold a year, worth about $3.2 billion at current prices and enough to recapture the top producer`s status that AngloGold lost this year.

Savings

Gold Fields and AngloGold, whose predecessor companies fought over South Africa`s gold resources for a century, could cut costs at neighboring mines. Gold Fields` Driefontein, Africa`s biggest mine, is near AngloGold`s Tautona and Mponeng operations. Further savings would stem from combining everything from head offices to medical services.

Gold Fields, whose market value has soared to around 55 billion rand ($5.3 billion), may be too big to be acquired outright, all the more so because South African law would require a foreign bidder to pay cash, analysts said. The government two years ago blocked Gold Fields` plans to move its headquarters to Toronto by merging with Franco-Nevada Mining Corp.

Cockerill, who worked at one of the companies that formed AngloGold, said differences in strategy may outweigh the advantages of merging with AngloGold. Gold Fields sells its output at prevailing gold prices, which has helped it catch AngloGold in market value as bullion prices rose. AngloGold plans to keep its policy of selling as much as half of its output in advance.

``The differences are in the underlying philosophies,`` Cockerill said. A merger is ``not going to be easily achievable, but never say never.``

[ThaiGuru]

@Traderfriz

Danke für Deinen Link: www.jseshares.com

Kannte diesen Link noch nicht.

Noch besser finde ich den auf dieser Seite, den Link:http://www.sagolds.com mit den Berichten und Artikeln zum Goldgeschehen.

Besten Dank

ThaiGuru



http://www.sagolds.com/feed/index.php/item/view/article/72

[ThaiGuru]

Wer sagt`s denn? Beamte können es auch in einer Wirtschaftskriese schön haben!

Gruss

ThaiGuru



http://www.blick.ch/PB2G/PB2GA/pb2ga.htm?snr=32627

Artikel vom 1. Juli 2002, 10:41 Uhr / Quelle: Blick Online

Zwangsferien für 20`000 Beamte

NASHVILLE (USA) – Im US-Staat Tennessee wird das Haushaltsgeld knapp. Drum werden 20`000 Beamte erstmal in die Ferien geschickt. Auch wenn sie gar nicht wollen.



1,3 Milliarden Franken. Soviel Geld braucht der Staat Tennessee, um ihr Dienstleistungsniveau halten zu können. Und zwar nicht insgesamt, sondern zusätzlich zum ordentlichen Budget.

Das hat der Senat des Staates vorerst nicht gutgeheissen. Das wiederum fand Gouverneur Don Sundquist gar nicht lustig. Flugs schickte er 20`000 Beamte in den Zwangsurlaub. Gleichzeitig wurden 20`000 weitere Angestellte verpflichtet, ihre Arbeit fortzusetzen.

[ThaiGuru]

Warum übernimmt die Commerzbank wohl 10% des Aktienkapitals von Ferrari von ihrem "Strategischen Partner" Mediobanca?

Genau! Man übernimmt Aktien, und vermeidet so "Bilanzprobleme"!

Gruss

ThaiGuru



http://www2.swissinfo.org/sde/Swissinfo.html?siteSect=143&ei…

Schweizer Zeit 15:13, Montag 01.07.2002

Commerzbank übernimmt 10 Prozent an Ferrari

FRANKFURT - Die Commerzbank hat sich mit 10 Prozent am italienischen Sport- und Rennwagenhersteller Ferrari beteiligt. Dies bestätigte Deutschlands viertgrösste Geschäftsbank in Frankfurt.

Die Kapitalbeteiligung wurde von dem italienischen Kreditinstitut Mediobanca weitergereicht. Der strategische Partner der Commerzbank hatte insgesamt 34 Prozent an Ferrari vom Mutterhaus Fiat übernommen, um dem italienischen Autohersteller Liquidität zu verschaffen.
Das Commerzbank-Engagement soll allerdings nur ein vorübergehender Boxenstopp sein. Falls die Situation an den Aktienmärkten wieder aufhellt, sollen die roten Aktien an der Börse platziert werden. 011445 jul

01.07.2002 14:46, SDA-ATS

[ThaiGuru]

Mit etwas Verspätung.

Die gute Nachricht für Silber!

Ein Bericht zu den geplanten Käufen von physischem Silber am Open Market durch die US Mint von ca. 9000000 Unzen (280 Tonnen)pro Jahr.



http://204.228.236.37/Story.asp?ID=13763

Bill could prop up Idaho’s silver mines

A measure that would require the federal government to restock its dwindling silver supplies passed the U.S. Senate on Monday.

Introduced by Idaho Sen. Mike Crapo and Nevada Sen. Harry Reid earlier this month, the Support of American Eagle Silver Bullion Program Act — S. 2594 — is designed to allow the U.S. Mint to continue minting the American Eagle Silver Bullion Coin without the interruption in production that would come due to a depleted silver stockpile at the U.S. Mint.

With the current silver stockpile already depleted, Crapo´s office said in a release, it was vital to pass the legislation to ensure the future of the Silver Eagle Bullion Coin Program and to protect many mining and manufacturing jobs in Idaho and Nevada.

The legislation calls for the U.S. Treasury to replenish the silver stockpile by buying silver on the open market. The mint is expected to buy up to 9 million ounces of silver each year to continue production of the coins.

“This will surely be a boon to Idaho and Nevada´s silver industry,” Crapo said. “The Silver Eagle Bullion Coin is a great product for the U.S. Treasury and consumers. Idaho and Nevada´s mining sector are critical components of our national economy, and today the U.S. Senate showed its support to America´s hard-working miners and manufacturers.”

Blanks for the Silver Eagle Bullion Coin are manufactured at Sunshine Minting Inc. in Coeur d´Alene.

The timing of the vote helped more than 60 Idahoans in North Idaho who depend on work related to the U.S. Mint program.

“We are very pleased this legislation passed the Senate so quickly,” said Randy Hardy, president of Sunshine Minting Inc.

Identical legislation was introduced in the House of Representatives by C.L. “Butch” Otter on Wednesday. The House is expected to vote on it soon.

The mines of the Silver Valley in North Idaho produce more than $70 million of silver a year, along with employing more than 3,000 Idahoans and contributing more than $900 million to the overall Idaho economy, Crapo´s release said.

The state Republican Party recently passed a resolution calling on Congress to pass such a bill.

Edition Date: 06-25-2002

[ThaiGuru]

Persönlich halte ich eigentlich gar nichts von Astrologen und Wahrsagern, doch diese Meldung von Mahendra möchte ich Euch nun trotzdem nicht vorenthalten, weil es sooooo schööööön zu lesen ist.

Der Mann hat übrigens schon öfters Recht bekommen, mit seinen Vorhersagen zum Gold und Silberpreis.

Gruss

ThaiGuru



http://www.usagold.com/cpmforum/

MAHENDRA (7/1/02; 07:34:18MT - usagold.com msg#: 79585)

In few days SILVER will touch US$5.45.

www.mahendraprophecy.com

As I predicted on 24th June about uncertain time for GOLD?SILVER until 2nd July now getting over. Worrying time is getting over in next within 24 hrs from now 1st July 2002. Long term positive trend I see foresee. Any time we will see sudden spurt in SILVER prices. Very soon (I am not talking in terms of months) SILVER will cross US$ 5.45. GOLD prices will steadily move up in coming days.

Thanks
God Bless

Mahendra

[niemandweiss]

hi Anglo ,

ich auch nicht unbedingt, aber bei Börse ... Naja, hoffen wir mal, dass er sich dieses Mal auch nicht irrt.

Gruss
niemandweiss

[btrend]

Wo er recht hat, hat er recht.
Oder: der Wunsch ist der Vater des Gedankens.

Übrigens: ich habe auch schon gesagt, dass wir diese Woche ein zyklisches Tief haben bei Gold/Silber und Minen.
Anschliessen sehe ich bei Silber ebenfalls eine Explosion.

(Hoffentlich weiss das Silber dies auch...)

[niemandweiss]

btend.

dann dürften wir dieses Tief hoffentlich heute erreicht haben.

niemandweiss

[Youme]

@ ThaiGuru
die mahendra message ist auf der angegebenen homepage NICHT zu finden.
Die Forums-Message 79585 auf usaGold.com ist gelöscht.
wie soll ich das jetzt verstehen ? [oder habe ich nicht richtig geguckt?]

[Bachforelle]

@niemandweiss

und wenn es doch noch weiter runtergeht, so ist das noch besser. klingt wiedersinnig, ist aber die vorbedingung für jede hausse. raus mit den schwachen händen!!

B.

[ThaiGuru]

Na wer sagst denn?

Komme gerade wieder von einem Bar Bummel zurück, und welch freudige Ueberraschung, die Richtung beim Goldpreis stimmt wieder. Meine Minen Aktien sind auch schon wieder etwas mehr Wert als noch vor einigen Stunden.

Und das schönste ist:

Ohne Worte!




Gruss

ThaiGuru

[ThaiGuru]

@Youme

Diese URL sollte funktionieren:

http://www.mahendraprophecy.com

[NfDrag]

das sieht dann doch gut aus

[ThaiGuru]

@Youme

Du hast recht, das Posting von Mahendra wurde im USA Gold Board gelöscht, wie ich gerade feststellen musste.
Den genauen Grund dafür kenne ich leider nicht.
Könnte mir aber vorstellen, dass er gegen irgendeine der strengen Boardregeln mit seinem Posting verstossen hat.

Gruss

ThaiGuru

[macvin]

@thaiguru

...neee, PPT hat eine kurzfrisitge Terminänderung vorgenommen...

macvin

[Youme]

@ ThaiGuru
…dafür steht der text jetzt upgedated auf Mahendra`s homepage (FlashNews vom 1.7.2002), also doch kein Fake.

Wär ja auch ein toller (indischer Seil-)-Trick:
ich prophezeie, dass Silber steigt.
Zum Glück glauben mir alle und kaufen schnell mal Silber.
In der Folge steigt natürlich Silber. ;-)

Aber damit kein Zweifel entsteht: ich bin sehr pro, was Mahendra angeht und eher ein Freund der esoterischen Wissenschaften.
Mal sehen, wie es weitergeht, vor allen Dingen seine weltpolitischen Voraussagen.

Gruss

[ThaiGuru]

The John Brimelow Report

Indian ex duty premiums: AM $1.95, PM $3.26, with world gold at $312.35 and $311.60. Below legal import point, although much higher (by around $1.50) than Friday.

Standard London observes:

‘Physical traders will be pleasantly surprised by gold’s sudden reversal of fortune and can be expected to provide support on further weakness..”

although a reduction in volatility would be helpful. It is true, as Standard adds, that this the weakest phase seasonally for India, but this does not preclude imports if the price is judged attractive.

Tocom gold traders continued to be very unamused at the reversal in gold as well as apprehensive about the possibility of yen strength. Open Interest fell the equivalent of 2,921 Comex contracts on volume equivalent to 55,614 Comex lots (NY on Friday traded an estimated 45,000 contracts, 21,000 in the last half hour). This open interest reduction is actually 10% lower than Friday’s.

The ferocity of the late Friday assault on gold has chilled sentiment. MarketVane’s Bullish Consensus for gold dropped 6 points to 72%, the lowest since May 14, and that survey does not usually reflect late developments immediately. Veteran gold market observer James Turk http://www.fgmr.com/, having been narrowly cheated of vindication in his brave prediction of a breakout above $325 in the first half of ’02, has chosen to stand aside: “My best guess now is that gold will probably not take another shot at $325 before September or October..” Reuters quotes a Sydney gold analyst as saying:

“I’m a bit mystified. There doesn’t seem to be any real evidence of say producers selling.”


The technical damage to both gold and gold shares is considerable. What has frightened participants is the blatancy of a transparent and huge effort to ‘groom’ the gold market. Whether conducted by private interests seeking favorable price marking at the quarter end, or more closely linked to Friday’s heavy Central Bank intervention in the FX markets, as is increasingly suspected,
( “I continue to hear about manipulation in gold….I don’t doubt it. I thought that fade right at the close for gold had a phony “feel” about it.” – Richard Russell) the point is very substantial volumes changed hands last week, taking Tocom and Comex together. This suggests considerable determination.

While one noted bullion dealer dwells happily on the technical damage and speculates on the possibility of “a major macro-strategy reversal day”, he does point out that the Vanguard Group’s peculiar decision to close its’ gold fund (What Mutual Fund manager closed a high tech or dot com fund because of “concerns about investor time horizons and expectations”?) may constitute a “Contrarian Pointer”.

JB

[ThaiGuru]

CARTEL CAPITULATION WATCH

There was a great deal of talk about the credit spreads blowing out today. That could be ominous for many reasons. Hello derivatives!

The DOW blew through key technical support at 9200 and finished the day at 9109, down 133. The DOG barked its way lower to 1404, down 59 (over 4%). The NASDOG also scooted below its previous closing low of 1423 and finished in new low ground for the move as did the SOX index - a very bearish technical sign.

PE ratios of many of these companies are already WAY too high. How can their share prices go up if coming earnings will not be that good and tightening accounting procedures will make many of them look worse, even if they were really better? Talk about a stock bulls nightmare. Then throw in the threats from the crazed madmen terrorists. Not good, not good at all. But, heck, we knew all of this LAST WEEK.

Stock prices were marked up last week for the end of the quarter. The PPT did all it could to keep the stock market from collapsing after the WorldCom fraud announcement. As stated in my recent missives, they are only prolonging the agony for the average American investor, while the insiders bail out.

When Main Street realizes what Wall Street and The Gold Cartel have done to them, there will be Hell to pay. For years I have stated that I believe the massive fraud will lead to small riots in certain parts of the country when Americans realize their hard-earned money is GONZO and not coming back.

www.lemetropolecafe.com

[ThaiGuru]

Mahendra:

http://www.321gold.com/editorials/mahendra/mahendra_new.html

Prophesies of Mahendra Sharma
ASTROLOGER AND PROPHET

Gold + Silver

Monday 1 July, 2002
09:11:28 EDT

[ThaiGuru]

http://www2.swissinfo.org/sde/Swissinfo.html?siteSect=100

Schweizer Zeit 07:51, Dienstag 02.07.2002


Flugzeug-Zusammenstoss in der Region Bodensee

http://www2.swissinfo.org/images/keystone/2002/keyimg2002070…

Kurz vor Mitternacht ist in rund 11`000 Metern Höhe eine Boeing-Frachtmaschine mit einem Passagier-Flugzeug vom Typ Tupolew 154 zusammen gestossen. Gemäss offiziellen Angaben sind dabei mindestens 70 Personen ums Leben gekommen.

Mehr dazu:http://www2.swissinfo.org/sde/Swissinfo.html?siteSect=105&si…

[GebrderHunt]

@Thai Guru

Hatte die Frachtmaschine Gold an Board, weil das ´hier eingestellt wird?

[ThaiGuru]

Ein ganz unangenehmer, publizitätssüchtiger, Zeitgenosse!

Dieser Ed Fagan ist mit Schuld daran, durch seine Anklage gegen die Schweiz, wegen der "nachrichtenlosen" Holocaust Depots der schw. Banken, dass die "Schweizerische Nationalbank" heute Teile (1300 Tonnen) ihrer Goldbestände verschleudert, und damit der Goldpreis gedrückt wird.

Gruss

ThaiGuru



http://www2.swissinfo.org/sde/Swissinfo.html?siteSect=143&ei…

Schweizer Zeit 08:11, Dienstag 02.07.2002

Ed Fagan klagt gegen IBM und deutsche Banken

JOHANNESBURG - Südafrikanische Apartheidsopfer haben Entschädigungsklagen in Milliardenhöhe gegen den US-Computerhersteller IBM und drei deutsche Banken angekündigt. Dies teilte das Team von US-Anwalt Ed Fagan in Johannesburg mit.

IBM sowie die Deutsche Bank, die Dresdner und die Commerzbank hätten vom «Blut und Elend» der Opfer profitiert. IBM soll die südafrikanische Apartheid-Regierung von 1952 an wissentlich mit Computertechnologie versorgt haben, die die Diskriminierung und Unterdrückung vereinfachte.

Den Banken wird vorgeworfen, trotz wirtschaftlicher Sanktionen während der Apartheid Zahlungen an Südafrika geleistet zu haben.

Aus den gleichen Gründen hatten die Anwälte am 17. Juni eine Sammelklage gegen die Schweizer Kreditinstitute UBS und Crédit Suisse sowie das US-Geldinstitut Citibank angekündigt. Weitere Klagen gegen europäische und US-Computerfirmen sollen folgen. 011625 jul

01.07.2002 16:26, SDA-ATS

[GebrderHunt]

@Thai Guru

Bitte nochmals, hatte die Frachtmaschine Gold an Bord, weil das hier im Goldboard eingestellt wurde?

[ThaiGuru]

@GebrüderHunt

Die Tupolev hatte 80 Tonnen russisches Zentralbankgold an Board, und waren wohl gerade dabei es dem Blecheuro zu liefern.

Gruss

ThaiGuru

[GebrderHunt]

Was soll diese Aussage nun wieder? Man sollte wirklich hier nicht alles einstellen. Wenn in Thailand ein Sack Reis umfällt, hat das mit dem Goldboard nichts zu tun.

Sachbezogene Dinge sind interessant, aber das mit dem tragischen Flugzeugabsturz hat jeder über die Medien gesehen und hat mit Edelmetallen nichts, aber auch gar nichts zu tun.

Was passiert mit dem Goldpreis?

[ThaiGuru]

@GebrüderHunt

Du hast ja vollkommen recht, Du solltes hier im Thread auch nicht mehr lesen, es schadet anscheinend nur Deinem Gemüt.

Bleib draussen Du "Silber Fachmann" Du ghupferter.

Gruss

ThaiGuru

[SchlimmerSilberfinger]

Hat sich hier schon jemand mit den "Gold Lease Rates" mal näher auseinandergesetzt?

Mir fällt auf, dass diese ja langfristig sehr sinken. Nur im kurzfristigen Bereich, konkret vor stärkeren Goldpreismanipulationen nach unten, steigen sie.

Noch was interessantes: Die 1-Jahresrate sinkt stärker als die anderen.

Unter der Annahme der Angebots-/Nachfragemechanik heißt das, dass entweder immer mehr Gold zum "Vermieten" zur Verfügung steht und damit auf den Markt geworfen werden kann!

Oder aber anders rum: Die Nachfrage nach zu mietendem Gold nimmt ab.

Wie ist das nun? Und wie wirkt das eurer Meinung nach auf den Goldpreis?

[kazman]

fehlt ja nur noch Euer Dottore ;-)

Wo steckt der ? .. Ist der wieder im Puff ???

[ThaiGuru]

@Katzmann

Der Lupilein fehlt mir doch auch sehr.

Wo bist Du Lupilein, unter Deinem orginal UrNick versteht sich.

Gruss

ThaiGuru

[ThaiGuru]

@SchlimmerSilberfinger

Deine Frage habe ich mir auch schon gestellt.
Glaube eher an Deine zweite Möglichkeit.

Gruss

ThaiGuru

[mickym [VIP]]

@#1213

Könnte aber doch auch heissen, dass immer weniger Gold zu vermieten ist, bzw. die Bereitschaft zum "Verleihen" von Gold abnimmt, oder?

gruss mic

[ThaiGuru]

Hat mit Gold auch nichts zu tun!

Trotzdem schön anzuschauen, und schon bald könnte es mit Gold etwas zu tun bekommen.

[ThaiGuru]

http://news.cnet.com/investor/news/newsitem/0-9900-1028-2011…

Photo Makers Need Silver Despite Going Digital

7/2/02 4:31 AM
Source: Reuters

By Kerstin Gehmlich

LONDON (Reuters)

Digital cameras are all the rage among holidaymakers this year but it`s too early to write off traditional film cameras, especially in Asia, analysts say.

Users of digital cameras can watch and edit photos on their computers and do not need film and photographic paper, raising concern in the industry that demand for the important component silver might now flag.


But analysts believe the effect of increased digital camera use has been modest so far.

"For the last five or 10 years, people have called in the end of photographic silver. But it`s not too sharp because people don`t change technologies quickly and the price for digital cameras is still too high for many consumers," said Ross Norman, analyst at TheBullionDesk.com.

"You would have to see a dramatic change in pricing for things to change. At the moment, it`s not compelling for people to bin their old cameras. The traditional sector still uses silver in films and on papers, and there is rising demand for reprints."

The precious metal, mostly associated with jewelry, is a key ingredient in photographic film and photo paper and is also used in electronics because of its malleability and high conductivity.

The photographic sector accounts for around 25 percent of total fabrication demand for silver.

Demand for silver-bearing photographic products dropped by four percent in 2001 to 210.2 million ounces from 219.5 million the year before, according to the Washington-based Silver Institute. However, the use of traditional film in China rose by 30 percent.

"The big question over the absolute impact is clouded by a negative impact by digital photos in Western countries. But at the same time, there is growing use of film in developing countries, especially in China and India, with growing incomes and falling costs of cameras," said Kamal Naqvi, metals analyst at Macquarie Research.

The number of digital cameras worldwide is expected to double by 2004 while traditional cameras are to increase only by about nine percent. This would reduce the 2002 estimated gap between 1.15 billion film cameras and 57 million digital ones, U.S.-based Photofinishing News said in a study.

But even if digital cameras swept away the need for silver-based films, the precious metal would still be essential to the photo industry. Camera-makers like Eastman Kodak are promoting prints from digital cameras and online storage on silver halide paper.

Photofinishing News estimated that silver use in photo paper would increase from 39 million ounces in 2000 to 45 million ounces in 2005.

Kodak spokesman James Blamphin in New York said he saw no change in the company`s demand for silver now or in the immediate future.

"Demand for film is unaffected by the rise of digital cameras. A long way down the road, that is possible to change but we are not seeing diminished demand for film at the moment," Blamphin told Reuters, adding that demand for photographic paper was steady.


SILVER PRICES

Since the beginning of 1998, silver prices have fallen from over seven dollars per ounce to levels of around $4.80.

In the last few months, silver tracked gold and attracted

investors who sought a safe haven in the wake of the September 11 attacks and wilting stock markets.

Another major factor moving the silver price has been the demand and supply of its host metals tin, lead and copper, analysts said, adding that the photo industry was not a big driver of the silver price.

"Changes in the photo industry can affect people`s sentiment in the speculative market but supply is mainly determined by demand for the host metal rather than silver itself," Norman said.

Naqvi said that photography was the most stable sector out of the three users of silver, with the other two being electronics and the silverware and jewelry industry.

"Electronics are more volatile because of the economic cycle. We`ve seen strong growth in the 1990s and a collapse in the last few years. Demand for silver for jewelry is
quite price sensitive. Especially in India, the biggest user in this area, consumers are very sensitive to price and that causes volatility," he said.

He added the silver price this year was mapped by the fallout in electronics and an improvement in jewelry and he expected all elements of demand to improve with an economic recovery expected to start at the end of the year.

"Silver is losing its current strength as a safe haven but is coming back on demand for the fundamental commodity," he said.

[ThaiGuru]

http://www.bday.co.za/bday/content/direct/1,3523,1120668-607…

JSE propped up by gold shares

--------------------------------------------------------------------------------
By Alison Maltz

Gold shares once again bucked the broader trend on the JSE Securities Exchange South Africa (JSE) today rocketing over 4% following strong demand for gold ADRs in New York overnight.

However, the broader local market, which also took its cue from offshore, was weaker.

At 11.54am, the gold index had soared 4.19%, while the resources index had rallied 1.14%. Leading the downside, the IT index had plunged 4.27%, the industrial index was down 1.96% and the platinum index was 1.42% lower and financials had fallen 0.61%. Overall, the bourse was 0.10% weaker.

"The only thing keeping us up today is gold shares," a dealer said. "This is not because of the bullion price, but because we saw good demand in New York last night."

Gold Fields was leading the pack and was last quoted up 5.92% or R6.90 at R123.40.

Harmony was 4.36% or 6.10 rand stronger at R145.90, while AngloGold had added 2.84% or R15 to R544.

The dealer said that, overall the market was very quiet.

"We are broadly negative following what happened in the US yesterday and what`s happening in Europe today. I don`t see much activity going forward," he said.

Stocks to fall on the day included Swiss-listed luxury goods group Richemont, which was down 4.17% or 98 cents at R22.50. Pulp and paper producer Sappi was 2.78% or four rand weaker at R140.

The Nasdaq`s tumble on Monday saw IT stocks take punishment.

London-listed Didata was 6.72% or 45 cents weaker at R6.25 while Datatec lost 3.57% or 60 cents to R16.20.

The Wall Street Journal reports that in New York on Monday, yet another batch of financial worries, this time about companies including WorldCom, Electronic Data Systems and International Business Machines, dealt stocks another setback.

The Nasdaq Composite Index, dominated by besieged technology shares, started the new quarter by plunging 4%, to below the panic low it hit following the September terrorist attacks.

The index, which only two years ago was trading above the 5,000 mark, now stands just a hair above 1,400 - its lowest level since June 1997.

The Dow Jones Industrial Average, less exposed to tech stocks, yesterday fell 1.44%, or 133.47 points.

Yesterday`s percentage dive in the Nasdaq was its sharpest since Oct. 17 of last year. In addition to falling below September`s low, the Nasdaq now has dropped beneath the low it hit in 1998, after the Russian debt default and the crisis surrounding the near-collapse of the investment fund Long-Term Capital Management.

The Dow Jones Industrial Average remains well above its September lows, but the broad Standard & Poor`s 500-stock index stands only three points above its September low.

Yesterday, the S&P 500 fell 2.14%, or 21.16 points, to 968.65.

European bourses slipped on Tuesday morning. In London, the FTSE 100 was 1.75% in the red in noon trade. The Paris CAC was down 2.86%, while Frankfurt`s Dax was 2.18% weaker.

I-Net Bridge

[ThaiGuru]

http://www.wsrn.com/apps/news/art.xpl?id=4702801&f=NEWS

GOLD FIELDS LTD - Added to the PHLX Gold & Silver Sector

Tuesday, July 2, 2002 07:00:21 AM - Market News Publishing

New York, New York, Jul 02, 2002 (Market News Publishing via COMTEX)

Gold Fields Limited is pleased to announce that effective it has been added to the PHLX Gold & Silver Sector (XAU) Index. The XAU is a capitalisation-weighted index composed of the common shares of eleven companies involved in the gold and silver mining industry. On a current market value basis, Gold Fields will comprise approximately 12.5% of this Index, thereby ranking it the fourth largest component.

Gold Fields is one of the largest gold producers in the world with a market capitalisation of approximately R57 billion (US$5.5 billion) and production of approximately 4.5 million ounces of gold annually from operations in South
Africa, Ghana and Australia.

The company has proven and probable reserves of 84.5 million ounces. It also has a 51% stake in an advanced stage exploration project, the Arctic Platinum Partnership, in Finland.

In addition to Johannesburg and New York, Gold Fields trades on the London, Paris, Brussels and Swiss stock exchanges.

www.goldfields.co.za

[GebrderHunt]

@Thai Guru

Was soll der Nemax mit Gold zu tun haben? Der Nemax hat 90% verloren. Meinst Du, wenn er 99% verloren hat, wird Gold steigen?
Was soll dieser ganze Unsinn?

[niemandweiss]

@ GebrderHunt

was den Nemax anbetrifft, weiss ich noch, dass es damals Leute gab, die überzeugt waren, dass die 1000 halten. Was die Korrektur der Nasdaq anbetrifft wurde vor einiger Zeit noch darüber philosphiert, ob es eine V oder U-förmige Erholung geben wird.

Und umso tiefer wir kommen, desto klarer wird die tatsächliche rauhe Wirklichkeit. Es gab im Nasdaq Board Leute wie Digital5.0 "Der Wahnsinn von Amerika" und andere, die schon lange über den Schwindel berichtet hatten, der jetzt erst langsam aufliegt. Zur Zeit postet er im stockchannel, weil er im Nasdaq Board wohl keine Resonanz fand.

Seit einem halben Jahr steigt GOLD, warum wohl?

Das ganze hat nunmal mit mit der wirtschaftlichen Misere zu tun und sowas spiegelt sich nunmal auch in den Indizien wie NM - Nasdaq wider. Jetzt steht der Dow kurz vor dem Zusammenbruch.

Und jetzt frage bitte nicht, was der DOW mit Gold zu tun hat

niemandweiss

[ThaiGuru]

Oh Oh Oh, da warnt wieder einer mehr vor der Derivativ Zeit Bombe! Das freut den ThaiGuru natürlich besonders, insbesondere, weil diese Meinung im angesehenen Wirtschafts Magazin Forbes veröffentlicht wurde.

Der Fund Manager Tony Dye schreibt zwar nicht explizit über die Gold, oder Silber Derivative, sondern allgemein über die, wie ich schon lange schreibe, "Wahnsinns" Derivativ Positionen einzelner Bnaken in den USA wie die von JP-Morgan, City Bank, etc., bei denen die Gold/Silber Derivativ Positionen vermutlich zu nichts anderem gebraucht werden, als zur Manipulation der Gold-, und Silberpreise. Wobei ich erwähnen muss, dass diese "Horror" Derivativ Positionen z.Bsp. in Devisen noch viel gewaltiger sind, als in Gold und Silber.

Muss jetzt aufhören, mir wirds gerade schlecht!

110 Trillionen, 110`000`000`000`000.- US Dollar, davon ist "Weltrekordhalter" JP-Morgan über 60% Anteil. Oder diese riesen Summe entspricht anders gesagt, 3x dem Bruttosozialprodukt der gesammten Welt, schreibt Tony Dye.

Das wären bei 5 Milliarden Weltbevölkerung gerechnet 22000.-US Dollar pro Kopf der Weltbevölkerung

Wer noch kein physisches Gold, und Silber besitzt, sollte seine Versicherung möglichst schnell abschliessen!

Gruss

ThaiGuru



http://www.forbes.com/newswire/2002/07/02/rtr650254.html

UK`s Dye warns of OTC derivatives market time-bomb

Reuters, 07.02.02, 7:19 AM ET

By Elif Kaban

LONDON, July 2 (Reuters)

British fund manager Tony Dye, whose warnings of a stock market bubble in the late 1990s earned him the nickname "Dr Doom", warned on Tuesday of a "lurking time bomb" of creative accounting in the derivatives market.

Speaking at a hedge fund conference in London, Dye also said fair value for stocks was about 60 percent of current valuations.

Dye said the value of outstanding contracts in the over-the-counter derivatives market had reached $110 trillion.

"There is a lurking time bomb in the OTC derivatives market which is now worth three times the world GDP," said Dye, who left his then employer, Swiss UBS unit Phillips & Drew, after refusing to jump on the dot.com bandwagon.

"The question is why are people using them so much. The real reason must be because some people are using these for creative accounting purposes," he said.

"My guess is that there`ll be some real nasties in the derivatives market in the next 12 to 18 months."

Dye, former boss of Phillips & Drew, warned for years that a bubble was developing in the stock market but his prophecies of doom were not believed.

He stepped down in February 2000 after 15 years as chief investment officer of Phillips & Drew.

Near the end of his tenure, Dye argued that equities were overvalued and due for a fall. His bearish stance lost pots of cash for his investors but within weeks of his departure, his predictions were proved correct.

Dye, now into his 15th month as a hedge fund manager, said that he had a negative view on stock markets and the U.S. economy, predicting a double-dip.

He said he strongly disagreed with fund managers recommending buying of stocks at current valuations saying the markets had not revalued themselves enough.

MARKETS STILL OVERVALUED

Dye said he estimated fair value in the markets at 60 percent of current levels.

"The question is at what point we reach this fair value," said Dye.

"If it is in the next six months, it is going to be very awful. If it takes longer, medium-term returns on equities are going to be very low over the next five to ten years."

Dye said that the magnitude of the bubble that burst following 10 years of a bull market in the 1990s compared favourably to previous economic bubbles.

"The rhyme here is quite a powerful one. The prospects for financial markets are very choppy with very low real returns, and high risk of return on the downside," he said.

"Nobody can predict the future, but bubbles are very destructive. They actually borrow growth from the future. They lead to a tremendous amount of wasted investment in projects that need to be scrapped," he said.

Dye said capacity utilisation in the U.S. economy, an indication of pricing power and corporate profitability, was at the lowest level since the early 1980s.

"The outlook for the U.S. economy is less good than people anticipated," said Dye.

"The capacity utilisation will fall yet again. Double-dip is much more likely than all the investment bankers` forecasts," he added.

Dye said that a ratio known as Tobin`s Q, which measures the replacement cost in the U.S. industry relative to the market, also remained high, currently at 1.8, way above its normal level of one.

"This implies that stock markets are still overvalued. If the value of a company is higher than its replacement cost of capital, then you shouldn`t be investing in it," he said.

With the bursting of the bubble, Dye said the excesses of the boom period, "the aggressiveness of chief executives and accountants in creating fictitious numbers" were now exposed,.

"We`re getting into that period when we`ll see all the fraudulent practices come to the surface. I`d like to remind people that in 1991-1992, people didn`t realise that Japanese banks were almost bankrupt," he said.

Copyright 2002, Reuters News Service

[SchlimmerSilberfinger]

Also ziemlich genau vor einem Jahr betrugen die Mieten - je nach Laufzeit - das 2- bis 7-fache von den heutigen Werten:



In genau der Zeit, wo der POG stieg, sanken aber diese Mieten.



Für mich heißt das, dass irgendjemand nun mehr Gold besitzt als vor einem Jahr. (Wer?) Denn der gestiegene Goldpreis belegt eine in dieser Zeit ebenso gestiegene Nachfrage. Es muss einiges Gold den Besitzer gewechselt haben (von wem?) und er hat auch damit Angebot vom Markt genommen. POG ist ja gestiegen.

Und genau dieser Besitzer ist nun in der Lage, heute mehr Gold selbst zu vermieten als noch vor einem Jahr. (Speziell im längrfristigen Bereich!)

Aber wie wir ja alle wissen, ist dieses gekaufte Gold ja eigentlich vermietetes Gold und offenbar wird es jetzt zum zweiten (dritten?) Mal (längerfristig) vermietet.

So ähnlich wie mit dem Geld: Ich gehe zur Bank, lege es auf ein Sparbuch, die Bank vergibt es als Darlehen, der kauft sich was um das Darlehen, der Verkäufer legt es wieder auf ein Sparbuch bei einer anderen Bank, eine neues Darlehen wird möglich, ... usw.

Beim Geld gibt es da aber bestimmte Schranken, die die Zentralbanken vorgeben und damit eine theoretischen unbeschränkte Vermehrung des Geldes verhindern - oder auch nicht?

Wie sieht es denn beim Gold aus?
Was unterscheidet das Gold insofern vom Geld?

Ich meine, ich krame das hier aus meinem sehr verstaubten volkswirtschaftlichen Wissen, keine Ahnung ob ich richtig liege. Aber ich denke, eine Antwort würde sehr helfen, in die Zukunft des Goldes (und damit auch Geldes) zu blicken!

Weiß hier jemand mehr im Board?

[ThaiGuru]

Die Russen haben anscheinend auch einen Bankenskandal!

Die Uebersetzung lässt leider noch etwas zu wünschen übrig.

Gruss

ThaiGuru







http://english.pravda.ru/main/2002/07/01/31549.html

UNPRECEDENTED SCANDAL IN RUSSIA: THE BIGGEST BANK - PETROCOMMERCE BANK - IS IN DISPUTE

The Arbitration Court of Moscow is considering the case pertaining to the invalid registration of Petrocommerce Bank. This is the third attempt at justice: to return the money to the depositors that played a very important role in the authorized capital of the bank, when it was being registered.

There is a certain unbalance of forces in this game. On the one hand, there are oligarchs who are waging war for their territory. On the other hand are those who stand for proprietary of the ordinary citizen, trying to return the money to their owners. If this story is over with the court no longer ignoring the Law, then this will be an unexampled case. Who is going to win?

Unfortunately, the result has actually been predetermined. It is an open secret that there is only one law that never has any violations: the law of double standards. This is a very curious situation: the Law and the State in Russia take the side that can bring profit. Ordinary mortals are not in this category, of course. However, we have heard so many passionate speeches on television from high-ranking officials about strengthening laws, struggling with corruption, etc. Were they only nice mottoes, or positive tendencies?

Everybody remembers the situation with TV-6 television company, when the LUKOIL company initiated the legal proceedings asking for the liquidation of the television company. It was explained that the debts of the company exceeded its assets. TV6’s debts made up $12 million at that time. There were five lawsuits filed, with four of them disputing the competence of the meetings of the shareholders. It was eventually ruled to liquidate TV6 on the ground of the expertise of the annual balances of the company over the period of 1998-2000.

The company LUKOIL-Guarantor (a branch company of LUKOIL, which owned 15% of TV6 stocks) published a press-release that was signed by Director General Mikhail Berezhnoy: “We are not pursuing any political goals; we are simply standing for our rights as a shareholder – the rights, which have been repeatedly broken. The owners of the control stock of TV6 shares did not give us an opportunity to participate in the administration.”

This example was not incidental. In the TV6 story, LUKOIL was legally standing up for its ownership rights, laws were working for the company, and courts were executing them. Our story has a similar plot: there are shareholders standing for their rights and the other party violated those rights, being guided with its own strong ambition. But, in this case, LUKOIL (Bank Petrokommerce) is on the other side of the barricade. Can you imagine this blatant impudence: scientific and industrial concern Futurum being exasperated with one of the largest banks of the country! For what? This concern has been simply deprived of its propriety. The concern started fighting back instead lying down. Then it turns out that a law is rather a relative notion and that it works only when it is expedient. Rights can be different too, only money or telephone rights are beyond competition.

This is a long and messy story. The line of court procedures has been going on since 1993, when a scientist decided to help the industrial and scientific enterprise Futurum in its hard moment. The scientist raised a loan for the company as a natural person, and passed it over to Futurum on the same basis. The guarantee of the loan was the share of the company in the authorized capital of Bank Pertocommerce. However, Futurum failed to pay the money back. The company`s administration changed, and the new managers advised its creditor that the enterprise did not have any assets and that the only way to get the money back was to find more funds and buy Futurum’s share of five percent in Bank Petrocommerce, which was the guarantee of the repayment. The offer was accepted.

The most interesting thing took place when the new owner of the five percent of shares of Bank Petrocommerce decided to put its legal rights of a shareholder into effect. It became known that it did not have any rights or shares in the given enterprise, since it was being passed the stocks over, and the bank was a share bank at that moment. In 2002 Futurum invested ten million rubles in the authorized capital of the bank, pursuant to the payment order. Although the stocks and shares of the balance were totally equivalent, the bank was formally a share bank. Our character purchased stocks on the sale agreement, and not shares, so it happened that he actually bought nothing. However, what about the pledge guarantee of the loan? Futurum was pronounced bankrupt, external management was instituted, and the external manager turned out to be very honest and meticulous. He sued Bank Petrocommerce, trying to bring justice. It was not easy; actually, it was impossible.

The court completely ignored the fact of a violation of the law on the part of the Russian Federation Central Bank (on the ground of the documents, which were null and void relative to the situation): in 2000 the Central Tariff Directorate of the Central Bank of Russia registered the re-organization of the bank from a Limited Liability Company to a Joint-Stock Company. This was performed illegally, turning a blind eye on the fact that only two-third of the total number of shareholders took part in the meeting, whereas the Federal law “On Limited Liability Companies” stipulates the unanimity.

Furthermore, the fact of the forgery of documents was not paid any attention to. N.Pankratova, who signed the documents on re-organization in the spring of the year 1994 on behalf of the Central Tariff Directorate of the Central Bank of the Russian Federation, was took the position of the deputy chief of one of the departments of the Directorate, she was not entitled to sign anything, she was not on the list of those persons, whose signature was legalized with the official stamp of the Central Bank of the Russian Federation. The structural changes of the bank that were registered on the other side of the front page of the charter, did not contradict the functioning law, as they were totally different from those documents, which were signed by N. Pankratova and submitted to the court.

Despite two court decisions, the collaborators of the Moscow Central Tariff Directorate of the Central Bank refused to present the original registration case of Bank Petrocommmerce to the court. The details mentioned above allow to come to conclusion that the document appeared after, as a substitute to the original one. The appeals court accepted it as evidence and cancelled the decision of the court of the first instance.

At the beginning 2000, there was an act of execution submitted to the Moscow Central Tariff Directorate from Meshansky municipal court regarding the retrieval of the proprietary right on the share in the capital of Bank Petrocommerce to Futurum Ltd, together with other banks’ stocks. All banks executed the decision of the court, except for Bank Petrocommerce. In response to the act of execution that was submitted to the Central Tariff Directorate of the Central Bank of Russia, D.Yan (deputy chief) said that he did not notice Bank Petrocommerce on the list of debtors, secondly, he offered to force the Moscow Central Tariff Directorate to the execution of the court decision with the help of police officers. According to D.Yan, it happens that police officers are supposed to make the Central Bank of Russia do the things that the Bank is obliged to do within the scope of its authorities and according to the laws “On the Central Bank (the Bank of Russia) and “On Banks and Banking Activity.” Here you go!

The case “About the registration of Bank Petrocommerce as invalid” is being currently heard at court – in other words, the case is about the liquidation of the bank that operated on the illegal basis. The court possesses the documents, which verify that:

1. In 1992 the Central Tariff Directorate of the Central Bank of Russia registered Bank Petrocommerce and violated the following laws and standard acts: the Federal Law “On Banks and Banking Activity”, the Federal Law “On Foreign Investments in Russia,” the standard act of the Central Bank (Letter №4) “On the registration and licensing order of commerce banks,” which directly prohibited to territorial departments to register the banks with foreign participants. It was legally banned to establish authorized capitals of the banks at the expense of loans (several participants submitted loans to the authorized capital). Letter №4 prohibited to grant a license, until all participants paid a part of the authorized capital: one participant paid 35%, others did not pay anything at all, but the licence was granted anyway.
2. When the bank was being registered, there was a constituent document used, which did not comply with the requirements of the law that was valid at that moment.

The list of those violations can go on, but the things that we mentioned are enough to see very serous infringements of the law. Now we just have to wait and see what happens. If the court makes a legal decision, not in favor of Bank Petrocommerce, then one could forecast the economic consequences. Can you imagine that – to close down the biggest bank! But there is a significant example from that – there is power in Russia. The law is equal for anyone! Depositors will get their money back! This happy end seems rather fantastic, though.

Marina Mayakova

Translated by Dmitry Sudakov

Petrocommerce Bank
TOP.RBC.ru Expert comments on declining investments
PRAVDA.Ru Experts comment on dynamics of Central Bank

Read the original in Russian: http://www.pravda.ru/main/2002/07/01/43498.html

[ThaiGuru]

Hat mit Gold auch noch nichts zu tun!

Aber bald!

Gruss

ThaiGuru



http://www2.swissinfo.org/sde/Swissinfo.html?siteSect=143&ei…

Schweizer Zeit 16:09, Dienstag 02.07.2002

Vivendi-Aktie nach Herabstufung durch Moody`s im freien Fall

PARIS - Die Aktie des französisch-amerikanischen Medienkonzerns Vivendi Universal ist in den freien Fall übergegangen: Der Anteilschein stürzte um 34,31 Prozent gegenüber dem Schlusskurs vom Vorabend und lag am Mittag bei nur noch 15,70 Euro.
Die Kreditwürdigkeit Vivendis war zuvor von der Ratingagentur Moody`s herabgestuft worden war. Zusätzlich lastete ein Zeitungsbericht auf der Aktie des in schweren Turbulenzen befindlichen Unternehmens.
«Le Monde» berichtete, Vivendi Universal habe die Bilanz 2001 um 1,5 Mrd. Euro (2,2 Mrd. Fr.) schönen wollen. Der Konzern sei erst von der Pariser Börsenaufsicht COB gestoppt worden.
021417 jul

02.07.2002 14:18, SDA-ATS

[ThaiGuru]

Wer ist den dieser Fehlgeleitete Verdi-Chef Frank Bsirske?

Tolle Idee, verkauft das Gold, und betreut Eure Kinder mit dem Erlös, die werden sicher Betreuung benötigen.

Gruss

ThaiGuru



http://www2.swissinfo.org/sde/Swissinfo.html?siteSect=143&ei…

Schweizer Zeit 16:10, Dienstag 02.07.2002

Verdi fordert Teilverkauf der Goldreserve der Bundesbank

BERLIN - Die deutsche Dienstleistungsgewerkschaft Verdi hat die Bundesbank aufgefordert, einen Grossteil ihrer Goldreserven zu verkaufen und den Erlös für öffentliche Investitionen zur Verfügung zu stellen.
«Die Bundesbank sollte einen möglichst hohen Bestand an Goldreserven verkaufen», sagte Verdi-Chef Frank Bsirske der Zeitung «Die Welt».

«Beim gegenwärtigen Goldpreis könnten durch den Verkauf Bewertungsgewinne von über 27 Mrd. Euro erzielt werden.» Dieses Geld solle dem Bundeshaushalt zufliessen und für öffentliche Investitionen zur Verbesserung der Infrastruktur in Verkehr, Kinderbetreuung, Forschung und Bildung verwendet werden.

Bsirske sagte, die Goldreserven seien überflüssig. «Sie bringen im Unterschied zu anderen Anlagen keine Erträge und verursachen im Gegenteil sogar noch Lagerkosten für die sichere Aufbewahrung.»

Ein Verkauf der Goldreserven sei in jedem Fall besser als ein Verkauf staatlicher Beteiligungen an Wirtschaftsunternehmen, weil der Staat damit seinen wirtschaftspolitischen Einfluss aus der Hand geben würde. Der Abbau der Goldreserven sei aber nur über einen längeren Zeitraum möglich, weil es sonst ein Überangebot am Markt geben werde.

Nach einem Abkommen von 1999 dürfen die 15 beteiligten europäischen Notenbanken bis 2004 nur 400 Tonnen Gold pro Jahr verkaufen, damit die Goldbestände marktschonend abgebaut werden können. Die Bundesbank hat von ihren gut 3500 Tonnen Gold seither erst 20 veräussert und darf nach Marktschätzungen auch nur noch drei Tonnen zusätzlich abstossen.
021022 jul

02.07.2002 10:22, SDA-ATS

[ThaiGuru]

Das ist er der Frank Bsirske!

Der das Bundes Bank (USA?) Gold verkaufen will

[ThaiGuru]

Das ist der Lebenslauf vom (möchtegern) Goldverkäufer!

Frank Bsirske in Stichworten

Geboren am 10. Februar 1952 in Helmstedt als Sohn des Arbeiters Rudi Bsirske und der Krankenschwester Luise Bsirskel
Realschulabschluß 1967
Abitur 1971
Studium der Politikwissenschaft 1971-1978, Hans-Böckler-Stipendiat
Bildungssekretär im Bezirk Hannover der Sozialistischen Jugend Deutschlands - Die Falken 1978-1987
Fraktionsmitarbeiter der Grünen Alternativen Bürgerliste im Rat der Landeshauptstadt Hannover 1987-1989
Sekretär der ÖTV-Kreisverwaltung Hannover 1989-1990
Stellvertretender Geschäftsführer der Kreisverwaltung Hannover 1990-1991
Stellvertretender Bezirksvorsitzender des ÖTV-Bezirks Niedersachsen 1991-1997
Stadtrat, Personal- und Organisationsdezernent der Landeshauptstadt Hannover seit 1997 Mitglied von Bündnis 90/Die Grünen


Gruss

ThaiGuru

[ThaiGuru]

Zum heutigen Börsen Blutbad!

Der Link:

http://finance.yahoo.com/m2?u


Die Charts!

DOW zur Zeit wieder mit einer 8 vorneweg.

[Sovereign]

So hab ich mir den Lebenslauf von dem Typen auch vorgestellt: Typisch Sozi/Grüner...Partei des zweiten Bildungswegs

Aber 9 Jahre bei "Sozialistischen Jugend Deutschlands - Die Falken"...der Typ muß doch wirklich Schmerzen haben
Ab nach Nordkorea mit dem Komsomolsken...

[noor]

der dow fällt aber gold steigt trozdem nicht,wenn nicht jenzt vieleicht überhaubt nicht mehr

ammen

[niemandweiss]

@noor

gestern wurde halt mit Gold gezockt und heute dafür mit Silber

[siam123]

@all, warum wird DURBAN ROODEPT. so abgestraft ?


mfG,


siam123

[manfred1_I]

Durban war zu hoch gestiegen. Da Gold heute gefallen
ist, war einfach Silber an der Reihe.

Auf alle Silberwerte achten. In USA ziehen sie gegen
den gesamten Trend an.

[hakunamatata42]

Mail von heute.
Ich habe mich gestern bei den einzigsten Chartechniker bedankt der im März 2000 auf NTV ernsthaft die Blase am NM
aufgezeigt hatt und wirklich auch Kleinanleger warnte.
Als Antwort bekam ich heute folgende Mail als Antwort ohne das ich auch nur irgendeine Frage gestellt habe.




Hallo Herr ......

besten Dank für Ihre Mail, die ich an Herrn ....weitergeleitet habe.
Er hat sich sehr über Ihre Zuschrift gefreut.

Neueste Gerüchte besagen, dass eine Großbank in Schieflage geraten sei, weil sie auf einen fallenden Goldpreis gesetzt habe. Wenn das stimmt, geht es wohl weiter abwärts innerhalb des übergeordneten Trends.

MfG,
Büro ...



Für uns ist das ja nix neues aber langsam kommt der Zug ins rollen obwohl ich es kurzfristig eher negativ interpretieren würde.

[Gringo1]

Ist doch nicht zufällig die J P Morgan ?

Sorry für die Schulmeisterei, aber es tut weh und ist doch so verbreitet:

einzig - ist schon der Superlativ, somit nicht steigerungsfähig

einzigster - gibt es nicht

[ThaiGuru]

Und noch eine Meldung aus der Rumor Küche, die wirklich nichts mit dem Goldpreis zu tun hat, aber vielleicht könnte man sich eine Goldene Nase dran verdienen, falls dieses Gerücht zutreffen sollte.

Aber kauft jetzt um Himmels Willen nicht Ericsson Aktien auf dieses Gerücht hin. Der Rumor könnte sich nähmlich auch als falsch herausstellen.

Gruss

ThaiGuru



http://www.theinquirer.net/02070220.htm

Ericsson target of takeover talks

US or Japan to grab Ericsson while shares are low?
By Tony Dennis, 02/07/2002 17:13:25 BST


RUMOURS ARE CIRCULATING that Sweden`s flagship corporation, Ericsson, might soon be on the wrong end of a hostile take-over bid.

The shares have recently hit a five year low, despite the fact that Ericsson itself does not have any significant exposure to telecoms scandals such as WorldCom. So publications such as The Wall Street Journal have suggested that Cisco Systems might be the most likely suitor as it is "cash-rich".

Previous Cisco acquisitions, however, had the purpose of acquiring specific technologies. Ericsson isn`t cheap either as its stock market value is presently over US $10 billion.

A morely likely scenario is that one of the big Japanese telecoms companies might use Ericsson to break into the potentially lucrative 3G market – an obvious candidate here being NEC which is supplying the first W-CDMA/UMTS handsets into Europe.

NEC`s interest might trigger a counter offer from Sony which already has an established joint venture with Ericsson for handsets. A better fit, perhaps, might be fellow European company, Siemens, which if it merged with Ericsson would create a super-heavyweight against the threat to Europe`s domination of the global telecoms market from Japanese and US Based companies. µ

[ThaiGuru]

July 2 - Gold $312.80 down $1.10 - Silver $4.92 up 9 cents

Stocks DIVE, Silver Pops, Gold Capped by Gold Cartel AGAIN

The goons clocked gold at the end of trading day again, after capping it all day long while financial stock markets dived round the world. That is getting to be habit for the cabal. How ironic that these very same people pontificate to other countries how great our free markets are and that they should emulate us. God forbid!

Gold is not a safe haven any more. Look at how badly gold acts with the stock markets so weak around the world. That is what you can expect to read in tomorrow’s papers regarding today’s gold action. The commentary is both predictable and pathetic.

What can you expect when an 800 pound gorilla Gold Cartel is coordinating a gold take down? Each week I think it cannot be more obvious to even the lamest of the gold analyst types. Nope, they continue to report on gold as if they were in The Stepford Wives.

The Gold Cartel has become very predictable in doing whatever it can to talk down the price of gold. With commodity prices soaring, the dollar bashed as of late and stock markets diving, this is their latest orchestration:

Berlin, July 2 (Bloomberg) -- Ver.di, Europe`s biggest union, proposed that the Bundesbank sell most of its gold reserves to invest in public projects, German newspaper Die Welt said.
``The Bundesbank should sell as much as possible of its gold reserves,`` Ver.di President Frank Bsirske told the paper. ``Given the current gold price, one could make more than 27 billion euro ($26.6 billion).``
The revenue should be used to improve infrastructure, child care, research and education, to improve the quality of life and create jobs above all in eastern Germany, said Bsirske, according to Die Welt.
may sell some of the bank`s gold to invest the money in better returning assets after a 1999 accord limiting central bank sales of gold expires in 2004.
(Die Welt 7/2 p. 1 )

Who gave this brilliant idea to Bsirke? What could they do for their public projects with gold at $600, if Germany still wanted to sell some gold? The real question is how much Bundesbank gold is ALREADY gone? More and more of the smart money in the world wants to buy gold, not sell it.

Is this another ploy for the Germans to disguise what they have done with their gold lending because they now realize they cannot get it back without sending the price up hundreds of dollars per ounce and jeopardizing their own banks?

A MiningWeb.com story talks of Asian banks as coming buyers of gold, not sellers. Maybe the Germans can sell their gold to them? Some excerpts:

Notwithstanding the US investment bank-inspired gold sell-off last Friday, which saw the gold price dive almost US$10/oz at one stage, the events of last week and indeed most of this year (including terrorist- and Middle East-related nervousness) suggest Asian central banks could "theoretically at least" be convinced to return as a buyer of gold in the current economic climate, Naqvi argued. Miningweb understands the investment bank was Morgan Stanley.

Naqvi noted that over the past five years there had been a large move by central banks, particularly those in Asia following the region`s currencies and financial crises in 1997/98, into US-dollar denominated assets. "Given the current uncertain outlook for the foreign exchange markets, particularly the US dollar, this could be one of the few occasions in our view when increasing central bank gold reserves could be justified," he said. "There are certainly quite a number of European central banks who would be more than willing to consider an exchange."

He said Asian central banks were potential gold investors because their reserves were insignificant, having crept up by only 7 per cent (in US dollar terms) in the past five years. If it wasn`t for the extra 100 tonnes of gold held by the People`s Bank of China in January this year, probably set aside to offer liquidity to the Shanghai Gold Exchange the analyst said, then Asian central bank gold reserves have actually crawled up by only 1 per cent since 1995.

In contrast, Asian central banks have boosted their total reserves by 57 per cent in the same timeframe. "Much of this increase in foreign exchange reserves has been in US-dollar denominated assets," Naqvi said.

-END-

www.lemetropolecafe.com

[Dottore Lupo]

Wieso fordert von diesen VOTRO´s niemand mal bei 0.85 die Dollarreserven der Buba aktiv zu managen...vulgo vertickern...????

Weil dan Dubble Bubble mit seinen Kampfbombern kommt???

cuDL...ein Sozi ist per se ein Gauner

[boncuk]

kann mir jemand sagen warum heute gold gefallen ist

[ThaiGuru]

The John Brimelow Report

Indian ex duty premiums: AM $3.17, PM $$2.28, with world gold at $313,75 and $314.25. Still below legal import point, although a little higher than yesterday on a slightly firmer gold price. Evidently, however the ever-alert Indian bullion shipping community took serious action as gold dipped towards $310: Reuters carries an unusually upbeat story from India to the effect that gold imports have rebounded:

“…arrivals in the country have grown to 12,000 to 15,000 gold bars a day of 116.64 grams each in the last few days from 1,000 to 1,200 bars in early June. For the June and July last year, imports were on average around 16,000 bars a day.”

“There is some life in the import market, prices look attractive now," Raju Bhai of Jaipur-based Kiran Jewellers told Reuters... Traders said the current trend in imports was expected to continue in the coming weeks with demand growing from across the nation.”

Tokyo gold traders also seem to have calmed down: open interest rose the equivalent to 572 Comex contracts on strong volume equal to 33,859 Comex lots, causing world gold to edge up over $315 at one point.”( NY yesterday traded 38,381 lots, adding 159 to open interest.) And generally it clear that physical off take has revived:

Reuters:

“Gold remains cushioned at lower levels by physical off take, with good buying seen out of the Middle East on Monday. "A lot of people who had been sitting on the sidelines got involved yesterday morning at the lower levels," (a) trader said.”

Standard London:

“One feature to note yesterday was an encouraging up-tick in physical demand in the Middle East, suggesting that good support is evident beneath the market…
(Interestingly, this observer suggests: “Friday’s large Fund seller was a scaled in buyer on the floor.”) UBS Warburg pays tribute to the Comex longs:

“Again, the comex-trading speculators, small and large, have demonstrated their resilience and we now believe that the link between the currency market and gold will be re-established as traders take heart from the metals recent performance.”

Since MarketVane’s Bullish Consensus for gold did drop further yesterday, to 69%, a level not seen since late March when gold was pushing up through the $290s, it is tempting to think about a rally, especially with world stock markets continuing to frighten investors and the dollar looking dubious.

To do so would be to overlook the abnormal ferocity of Friday’s Bear Raid, questioned quite reasonably by Mitsui-Sydney:

“Could last weeks bullish run in the equities be put down to Funds”squaring shorts for 1/2 yearly reporting? It was an incredible week in light of Worldcom.”
And to ignore the hint from Mitsui-New York:

“Gold staged a minor comeback to$315.50 overnight, only to meet resistance generated by a stronger dollar, and more central bank rattlings. Russian central bank head Ignatyev is quoted today as saying that they are prepared to reduce gold and currency reserves to prevent further ruble devaluations…”.

By which they clearly do not mean currency intervention.

Happily, gold’s friends may be about to get some more help from Japan. Overnight the Nihon Kezai Shimbun reported that, besides some $330 Mm of loans to
Worldcom,

“major Japanese banks appear to have WorldCom-related
loan claims and assets in the form of corporate bonds, derivatives, stocks and other products …Meanwhile, some investment trust products for individual investors include WorldCom`s bonds and stocks.”

Remembering to anxiety similar Enron news caused the Japanese public six months ago, and the fact that yen gold is now back to where it was then, this may again become a space worth watching.

Another useful NKS article points out the parallel between the scandal and fraud- smeared end of the Japanese bubble and current events in Japan:

“These phenomena points to the probability that the U.S. economy is following the typical pattern of the bursting of a bubble economy. Stock-market rally leads to overconfidence and sloppiness. The subsequent collapse may even be an inevitable consequence of unreasonably high stock prices. According to a recent book by Kazuo Matsumoto titled "2003 Depression In Japan and the U.S.," we had the same situation 70 years ago, in which U.S. stocks peaked nearly 10 years after Japanese stocks did. American stocks then collapsed, and the Great Depression followed.”

JB

[boncuk]

und was sagt uns das

[Blecheuro]

Schaut Euch den Palladiumchart an! SILBER wird steigen und niemand wird von Gold reden, es geschieht unbemerkt. Hat irgendwann jemand in der Zeitung gelesen, daß Palladium kometenhaft gestiegen ist?

Ich sage nein!

Auch bei SILBER werden nur Wenige vom steilen Preisanstieg etwas mitbekommen!

[ThaiGuru]

River Gold Mine Toronto *RIV.TO*http://finance.yahoo.com/q?s=RIV.TO&d=t nähert sich schon wieder ihrem 52 Wochen Höchst, heute bei fallendem Goldpreis, plus 1.49% bei 3.40 Dollar, auf Tageshöchst geschlossen.

Gruss

ThaiGuru

[Tippgeber1]

@Thai

Stimme Dir zu.

"Wenn es nach Mahendra, dem Astrologen und Wahrsager gehen würde, wäre unser aller Ungemach bereits ab 3. July zuende.

Auch nach meinem Gefühl her zu urteilen, könnte es bald wieder losgehen mit dem nächsten Schub nach "OBEN"."

Silber zog stärker an als Gold und tatsächlich zum 3.7.2002 scheint es loszugehen. Ziel Ende des Jahres 380-400$ und im nächsten Jahr das historische Hoch mit 850$. Das würde bedeuten, dass wir sehr schlechte Börsenzeiten vor uns hätten und Amerika nicht mehr die erste Geige spielen würde, wie Soros dieser Tage voraussagte. Auch Europa traute er die Leitbörsenfunktion nicht zu nur -wer soll dies dann übernehmen?


Fazit: Wir scheinen vor einem Crash des gesamten Finanzsystems zu stehen und der Dollar wird noch mindestens 30%!!!! fallen wie Soros ankündigte. Der Terror wird weitergehen- weltweit wird es zu weiteren Anschlägen kommen.


Also Cash und Silber/Gold sind wohl weiter angesagt.
Siehst Du das ähnlich?



Gruß


Tippgeber
(der pessimistische Realist)

[ThaiGuru]

@Blecheuro

Du glaubst das Gold nicht steigen wird, nur weil Du es sagst.

An einem starken Glauben fehlt es bei Dir allem Anschein nach nicht gerade.

Gruss

ThaiGuru

[ThaiGuru]

@Tippgeber

Es wird hochgehen mit Gold und Silber, das steht für mich fest. Wenn es morgen schon soweit sein sollte umso besser.

Ob jetzt Gold, oder Silber zuerst den grossen Preisanstieg vorweg nimmt ist auch nicht so wichtig, wichtig ist nur dass beide Edelmetalle in Zukunft wieder ihren Stellenwert als Geld inne haben, der ihnen aus fundamentalen Gründen zusteht.

Silber bei 50.- Dollar pro Unze, kann ich mir dabei genau so gut vorstellen wie Gold bei 850.- Dollar pro Unze, das siehst Du richtig.

Der weltweite Wirtschaftscrash befindet sich ja bereits im vollen Entwicklungsstadium, wie man auch heute wieder unschwer an den Blutroten Zahlen an den Weltbörsen sehen konnte.

Aber viele Leute sehen das leider immer noch anders, vielleicht solange noch, bis es zu spät ist zu handeln.

An neue Leser dieses Threades, die noch nicht in Gold oder Silber investiert sind, kann ich nur eindringlich die, Empfehlung abgeben physisches Gold, und/oder Silber aus Sicherheitsgründen sofort zu kaufen, auch wenn sie hier im Goldboard durch die Meldungen von Manipulationen der Preise etwas verunsichert sein sollten.

Erst danach sollten sich neue Investoren mit Gold, oder Silber Aktien gründlich befassen, bevor sie diese kaufen.

Dabei ist auch zu beachten, dass es ausser den Mischminen Gold/Silber, wie *CDE* und *HL* auch noch viele andere Minen gibt, die Erfolgsversprechend aussehen, zum Teil mit weniger Risiko.

Gruss

ThaiGuru

[niemandweiss]

schade, dass du es nicht verstehst, deine persönliche Meinung von deinem übrigen - was du hier reingiebst - mitzuteilen. DU sollgtest DEINE überlegungen - ähnlich wie Bechi - nein scheisse auch nicht gut - aber zumindst DEUTLICHER - hervorbringen - mal abgsehen davon, dass die meisten keinen bock haben, die langen amitechtexte zu übersetzen. Ist schade, aber ist so ....

lass dich öfters mal persönlich aus - ok ?

[Tippgeber1]

@ThaiGuru

Ich sehe Silber bis September 2003 bei 12$ nicht bei 50$
Ich verlaß mich da auf unseren Nostradamus(S.M.) der Neuzeit

Wobei er natürlich auch ein Motiv haben könnte, nämlich durch den Buchverkauf das Geschäft seines Lebens zu machen. Gewinner wird er (S.M.)in jedem Fall sein egal was passieren wird oder?


Gruß
Tippgeber

[niemandweiss]

Tippgeber

was ich an dir abschreckend finde nach wie vor, ist dass du gegeneinander in irgenweiner weise aufhetzt. sorry und genau darin versuchst, deinen gottverdammten nutzen zu ziehen. Scheiss Börse, menschlich bin ich ohnehin schon im Eimer.

[niemandweiss]

aber bevor ich meine exisenz auf spiel setze, .. sowas wie seele ...bleibt doch - oder ?

[Blecheuro]

@Thai Guru

An einem starken Glauben fehlt es mir tatsächlich nicht.

Nur glaube ich immer nur an das, was füre mich nachvollziehbar ist.

Dabei sage ich immer 1 und 1 ist Zwei. Und nicht 2 ist 1+2-1.

Gold dürfte auch stark steigen, aber wann ist fraglich. Aber man muß sich auch darauf einstellen, daß es von Minute zu >Minute stark fallen kann, weil es runtergeprügelt wird.

Bei Silber glaube ich deshalb eher an das Resultat aus 1 + 1 - ist doch logisch, oder?

Damit will ich Deine Illusionen bei Gold aber in keiner Weise ion Frage stellen. Natürlich kann es so kommen, wie Du denkst oder möchtest.

Bei meiner Addition 1+1 habe ich den Palldiumchart vor Augen gehabt. Gelsen habe ich auf dem Chartbild aber das Wort Silber und nicht Palladium. Das ist wiederum meine Phantasie.

[ThaiGuru]

Soviel zum Wirtschafts-Aufschwung!

[ThaiGuru]

@Blecheuro

Du solltest mal endlich sagen ob Du jetzt empfiehlst Gold zu verkaufen, oder nicht.

Nur von Gold kann jederzeit runter geprügelt werden zu reden, hilft den Lesern auch nicht weiter.

Wohin, auf welchen Preis pro Unze wird denn Deiner Ansicht nach Gold runter geprügelt werden?

Und auf welchen Preis siehst Du Silber diese Woche steigen?


Gruss

ThaiGuru

[ThaiGuru]

http://www.forbes.com/2002/07/02/0702watch.html?partner=yaho…

Forbes Newsletter Watch

Swaps And Options: The Next Investor Time Bombs?
John Dobosz, 07.02.02, 4:10 PM ET

NEW YORK - Given the headlines of the past few months, most investors now regard corporate accounting as an exercise in creative writing, and ethics as joke. Unfortunately, the bad news might not be over.

Curtis Hesler, editor of Professional Timing Service, is concerned about interest-rate swaps and the resulting vulnerability of companies that have traded their long-term debt for shorter maturities. With interest rates on short-term debt much lower than those for longer term debt, companies with good credit quality are entering swaps in which they trade their higher (generally fixed) rate obligations for those with a lower (but generally variable) rate at the short end of the yield curve. Bill Gross, fund manager at PIMCO, criticized General Electric (nyse: GE - news - people ) earlier this year for placing so much of its debt in short-term commercial paper.

While swapping lowers borrowing costs today, Hesler fears that if the Fed begins to raise short-term rates, it will dramatically increase financing costs for these companies, perhaps causing some to default, which could send waves through credit markets and the economy. To be certain, says Hesler, it would significantly reduce earnings.

"This means that short-term interest rates are much more important to the U.S. corporate bottom line than they were ten years ago," says Hesler. Hesler warns that these swaps are generally not disclosed to investors but could affect a large number of companies, especially banks.

Charles Allmon, editor of Growth Stock Outlook, has been pounding the table about the way companies account for stock option grants to employees. Allmon estimates that if companies treated options as expenses, than earnings on the S&P 500 would be 30% less than they are today.

"It`s crooked, and nobody wants to do anything about it," says Allmon. "Nobody`s showing any leadership. It`s taking this whole trust thing down the tubes."

Allmon, who has been publishing Growth Stock Outlook since 1965, says that President George W. Bush should invite Warren Buffett to chair a blue-ribbon commission with power to issue subpoenas. Another recommendation he has is for Microsoft (nasdaq: MSFT - news - people ) Chairman Bill Gates: take the lead and start expensing options.

Allmon is particularly outraged by companies like Yahoo! (nasdaq: YHOO - news - people ) and Amazon.com (nasdaq: AMZN - news - people ). Yahoo, he says, issued options worth more than the company`s annual revenue.

"Anytime you have options tied to stock prices, you`re in trouble. You should link them to something like real profits," says Allmon, who adds that "if something isn`t done to clean up this mess, George Bush is going to be a one-termer."

Hesler does Allmon one better: "If the economy remains in recession when the next presidential election comes around, we may find that Hillary Clinton is on the slate with a better than even chance of becoming the first female U.S. president."

More Newsletter Watch Columns

Send comments and questions to [e-mail].

[ThaiGuru]

http://cnniw.yellowbrix.com/pages/cnniw/Story.nsp?story_id=3…



British Government Loses 480 Million Euros on Ill-Timed Gold Sale!

Source: Sunday Business

The British government has admitted that it lost UKpound 300 million (E480 million) by the bad timing of its decision to sell off a chunk of Britain`s gold reserves.
The Bank of England, under government instructions, sold 395 tonnes of gold as part of a restructuring of the United Kingdom`s foreign currency reserves, announced in May 1999.

The Treasury has now released figures showing that the sale raised UKpound 2.4 billion (E3.8 billion), which was invested in interest-bearing foreign currency assets.

Economic secretary to the Treasury Ruth Kelly has now admitted in a written parliamentary answer just released, that the sale would have raised UKpound 2.7 billion (E4.3 billion) at today`s prices.

The Bank used the money it raised to invest in a portfolio split between 40 percent in euros, 40 percent in dollars and 20 percent in yen.

Gold has recently made a strong recovery on the world markets and the UK gold reserves were sold at the bottom of the market.

The series of auctions took place over three years. The best price raised was $294 an ounce. But some went for only $256 an ounce. By the time of the final sale in March this year, the price was well over $300 an ounce.

The Conservatives have accused the government of wasting large sums of money by taking a long-odds punt. Britain had gold reserves of 715 tonnes before the sales.

On Friday gold prices did dip after an unexpected intervention by the European Central Bank in the foreign currency markets.

The bank and the United States Federal Reserve were responding to Japanese requests to sell the yen in order to help prevent the surging currency from helping Japan`s mini-export-led recovery. But it still ended the week at $318.5 an ounce.

Shadow chancellor Michael Howard said: "The British taxpayer is UKpound 300 million (E480 million) out of pocket thanks to Gordon`s golden fleece. The government has now admitted the true cost of the chancellor`s mistake in selling nearly 400 tonnes of gold when the price was at its lowest for nearly 20 years.

"UKpound 300 million would buy four hospitals or 30,000 heart bypass operations," he said. "So much for the chancellor`s so-called prudence. The government`s own figures now prove that very little this government touches turns to gold."

[ThaiGuru]

http://www.minesite.com/archives/features_archive/2002/July-…

Date : July 3, 2002

North American Banks Under Growing Pressure From Gold Derivative Positions.

When someone returns to the bosom of their family after a long spell in jail reactions range over the whole spectrum. Some relations reject that person on the grounds that shame has been brought on the family; some ignore him as they find the situation embarrassing; some are over- effusive; and some are constructive and welcoming. So it is with gold. It has been off the financial scene for fourteen years or so and, as Andy Smith of Mitsui Precious Metals pointed out recently, it is not easy to think of gold from a bullish perspective after being a bear for all that time.

Last Friday was a case in point. The price of gold fell sharply and there was a shrill ululation from bankers and analysts claiming that the whole performance by gold in recent months was nothing more than a spike. Few of them, presumably, read the sanity written by Rhona O`Connell in her daily gold commentary from the World Gold Council on the following Monday: "After a steady morning in London, and opening in New York in a reasonably buoyant condition, the mood changed in gold at the end of New York trading last Friday with a rapid fall in prices towards the close of trading. Dealers report that volume was light, but the move was extremely fast and involved some stop-loss selling as key technical levels were severed. Prices fell by $5/ounce and regained $3 in as many minutes, before further liquidation developed in the Far East. Physical demand is in evidence at prevailing levels and with the dollar again under pressure in London this morning, conditions have calmed."

No signs of panic here from Ms O`Connell, just a report on a volatile market. Nobody in their right mind expects the price of any commodity, be it gold or pork bellies, to go up in a straight line. Profit takers always make an appearance and a correction results. In the gold market there is the added influence of international official intervention against leading currencies. In her gold commentary Rhona O`Connell said that, " The Fed and the ECB are both reported to have intervened in the currency markets last Friday in order to bolster the dollar, which looked above ¥120, but is now again below that level and under some pressure." Those with longish memories will remember just how useless such intervention proved to be in the last currency crisis - if anything it provided fuel for the flames.

This interplay between gold and paper currencies may be of academic interest to commentators, but is life and death to banks who have been making money in derivatives all the time gold has been in a bear market. Now the game has changed and a fascinating article has been published on a website called 321gold.com which claims that JP Morgan Chase & Co had notional amounts of derivative contracts outstanding which amounted to US$23.5 trillion as at the end of December 2001. To put this in context, the GDP of the United States is roughly US$10 trillion. And according to the Office of the Comptroller of the Currency JP Morgan had over US$41 billion of gold derivatives in this figure which represents around 65 per cent of all the gold derivatives held by US banks.

It also represents 149 million ounces of gold based on the price of US$279/oz as it then was. This is more than ten times the amount of UK gold sold by our deluded Chancellor between July 1999 and March 2002. There is little doubt that his action helped to keep a lid on gold during the period, so what chance would JP Morgan have of retrieving its position without sending the price through the roof? The figures above are the gross outstandings and no one knows the exact the position. Common sense, however, dictates that they were running a short book and the squeals from JP Morgan analysts every time the gold price rises confirm this. If this is the case the derivatives book could implode if gold rises to a certain level and there are guesstimates circling the market that it is no more than US$340/oz.

Small wonder then that the Royal Bank of Canada got its knickers in a twist recently when John Embry, a senior director who runs its Royal Precious Metals Fund, issued a report suggesting that central banks have, indeed, conspired to keep the price of gold low. RBC`s position is nowhere near as big as JP Morgan`s as it had total outstanding derivatives of only US$1.2 trillion and is one third the size. Nevertheless an implosion would do serious damage on a scale that is reflected in its decision to retract this research report which suggested that the price of gold is set for further steep rises.

This was a remarkably naïve reaction as all it did was put the spotlight on RBC`s vulnerability to gold. By so doing RBC raised memories of a certain Dinsa Mehta who was with JP Morgan for a long time and ran its gold book. Suddenly he was not there any more and the mystery of his departure led to rumours, doubtless wholly unjustified, that he had done a Keatley on the hedging position. Mark Keatley was the finance director who ran Ashanti`s gold hedging programme which brought the company to its knees three years ago. In such circumstances these banks should take a lead from London stockbrokers Cazenove which simply closed ranks when under pressure during the Guinness fiasco. Panic is not a pretty sight.

[ThaiGuru]

So viel zum Wirtschaftsaufschwung in der Autoindustrie in Italien!

Noch etwas mehr physisches Gold und Silber zu kaufen, kann sicher nichts schaden.

Gruss

ThaiGuru



http://www2.swissinfo.org/sde/Swissinfo.html?siteSect=167&ei…

Schweizer Zeit 14:13, Mittwoch 03.07.2002

Italienischer Automarkt rutscht tiefer in der Krise

ROM - Die Krise der Autobranche in Italien vertieft sich. Im Juni sank die Zahl der hergestellten Autos um 17 Prozent gegenüber den Vergleichsmonat im Jahr 2001. Bereits im Mai war ein Rückgang von 11 Prozent gemeldet worden.

Angemeldet wurden im Juni 180 300 neue Autos. Der Markt für Occasionen verzeichnete ein Plus von 0,2 Prozent. Seit Jahresbeginn ist der Automarkt in Italien um 13,4 Prozent rückgängig, wie das italienische Verkehrsministerium bekannt gab.

Die Krise wirkt sich auf Italiens grösste Privatgruppe Fiat besonders negativ aus.

Im Juni verkaufte Fiat 36 010 Autos in Italien, was einem Rückgang von 34,7 Prozent innert Jahresfrist entsprach. Seit Jahresbeginn meldete Fiat einen Absatzrückgang von 20,2 Prozent im Vergleich zum ersten Semester 2001.

03.07.2002 11:39, SDA-ATS

[Blecheuro]

@ Thai Guru



Obwohl es keinen Konflikt gibt, nehme ich kurz Stellung.

Ob Gold runtergeprügelt wird, kann niemand behaupten. Da es aber möglich ist, investiere ich nicht in Gold. Habe nur die zur Gürtelbestückung nötigen Krügerrands für die Familienmitglieder für Notfälle!

Silber sehe ich mittelfristig gewaltig steigen. Sobald 6 Dollar übersprungen sind, landen wir Ruck Zuck bei 10. Ich gehe zumindest davon aus, daß dies bis Jahresende der Fall sein wird.

Ob Gold am Jahresende bei 500 oder 250 Dollar ist, kann niemand beurteilen, da dieser Markt heiß bleibt.

Warum soll ich etwas Heißes anpacken, wenn es gleichzeitig etwas ähnliches gibt, das man ohne Asbesthandschuhe anpacken kann.

Ich hoffe, das ist eine deutliche und für jeden verständliche Aussage.

[ThaiGuru]

@Blecheuro

Jetzt schreibst Du auf einmal in Posting #1254

"Ob Gold runtergeprügelt wird, kann niemand behaupten"

Du hast das ja selbst behauptet in Deinem Postings #1254 von heute, und bereits früher immer in diversen Postings wiederholt. Der Frage, ob Du den Anlegern einen Verkauf von Gold empfiehlst weichst Du einfach aus.

"Aber man muß sich auch darauf einstellen, daß es von Minute zu Minute stark fallen kann, weil es runtergeprügelt wird."

Vor ca. 6 Monaten hast Du Dich schon weit aus dem Fenster gelegt, als Du Deinen Lesern versprochen hast, das Silber explodieren würde und innerhalb kurzer Zeit auf 10.- Dollar steigen werde. Gold bei einem Preis von ca. 280.- Dollar hast Du damals keine Chance eingeräumt.

Das Gegenteil von dem was Du behauptet hast ist eingetreten.

Dass Du selbst während langer Zeit selbst nicht wusstest, wie Du Dich verhalten sollst mit Deinen Aktien, hast Du anscheinend vergessen. Du wolltest doch verkaufen, hast div. Leute, inkl. mir selbst schriftlich um Rat angefragt, und Dir fast in die Hosen gemacht vor Unsicherheit. (Falls Du diese Tatsache vergessen haben solltest, die Belege dafür könnte ich Dir sofort ins Board stellen)

Noch am 11.Mai.02 hast Du im Board in Deinem Thread "DIE ZUKUNFT DER EDELMETALLE UND MINENAKTIEN" in Posting #4 zu Deinem Favoriten *CDE* folgendes geschrieben.

"Auch ich habe mir an Sunshine die Fingerchen verbrannt. Nie habe ich bei einem einzelnen Wert so viel verloren. Ähnliches kann natürlich mit vielen anderen Minen noch passieren. Momentan bin ich mit diesem Hintergrund auch bei CDE wieder zu stark investiert. Sollte Silber nicht sehr bald steigen, kann es aus CDE eine zweite Sunshine geben. Vorsicht ist besonders bei Silberminen MOMENTAN N O C H angebracht. Kann sich aber innerhalb der nächsten Tage schon ändern oder sobald Silber über 5 Dollar springt"

Vor bereits einem halben Jahr hattest Du schon etwas von "Loch in den Chart Reissen" gepostet, aber trotzdem steht Silber immer noch unter 5.- Dollar pro Unze.

#29 von Blecheuro 09.01.02 20:33:54 Beitrag Nr.: 5.296.026 5296026

"Dieser Silberpreis stärkt mein Selbstvertrauen, ich fühle mich in meinem Gefühl bestätigt und bin sicher, wir sehen in dieser Woche noch die 5 vor dem Komma. Silber wird ein Loch in den Chart reißen! Daumen drücken, das soll doch helfen!!!!!!!!!!!"

Meine Fragen an Dich von heute, hast Du nicht beantwortet, sondern nur etwas von 1+1 geschwafelt.

Um es Dir ganz klar zu sagen!

In meinen Augen bist Du nur ein ganz gewöhnlicher "Schwätzer", der zudem seine Meinung zu Silber und Gold jeweils nach dem Wind richtet.

Und wenn ich eines nicht ausstehen kann, sind es "Schwätzer", darum lasse ich Dich im Gold Board jetzt alleine weiter posten, und mache mal einige Wochen Urlaub.

Obwohl es im Moment nicht gerade danach aussieht, Gold und Silber werden steigen, auch wenn das anscheinend dem wackel "BlechEuro" nicht einleuchten will.

Deine Favoriten CDE - Hecla - Bema sind übrigens heute, zur Zeit stark am fallen, trotz Deinem blöden Vergleich mit Coca Cola / Afri Cola, und Silber steigt auch (noch) nicht!


Gruss

ThaiGuru

[Gringo1]

Na Bravo !

Wenn sich sämtliche Star-Writer, die uns ALLE mit nützlichen Infos versorgen, verabschieden, ist das sehr sehr schade und man sollte dann dieses Goldboard überhaupt gleich schließen.

Diskussionen sind doch produktiv und sollten nicht in irgendwelchen Feindseeligkeiten ausarten!
Oder sind hier nur Männinen am Werk ? (der Ausdruck stammt nicht von mir sondern von Nietzsche )

In der Hoffnung, daß wieder Vernunft einkehrt verbleibe ich

ein Gringo

[macvin]

Ach ist das amüsant, wenn sich die Herren "Starwriter" gegenseitig Nebelkerzen an den Kopf werfen..

[niemandweiss]

@ an alle Thai Fans

ThaiGuru hat sich doch wohl eine "Auszeit" verdient, wenn er auch mehr oder weniger verärgert geht, hat er infomässsig verdammt viel zusammengetragen. Klar wird sowas vermisst!

Ich wünsche "erholsamen" Urlaub in der Hoffnung dass wir danach wieder höher stehen

Gruss
niemandweiss

[Blecheuro]

Thai Guru, ich muß sagen, das, was Du hier losgelassen hast, spricht Bände über Dich.

Bis zum jetzigen Zeitpunkt dachte ich immer, Du wärst ein sehr intelligenter belesener Mensch.

Aber auch ich irre mich leider immer wieder!

[niemandweiss]

@Blecheuro

Das würde ich so nicht sehen! Wenn sich jemand von unsachlichen Auseinandersetzungen fern hält, ist es ja wohl Thaiguru. Diese Stärke bewunder ich schon lange an ihm.



Gruss
niemandweiss

[Blecheuro]

Eines möchte ich klarstellen, Thai Guru habe ich nie herausgefordert. Außer: Daß Ihr meine Seite zu oft anklickt! Bitte täglich maximal einmal auf meine Seite klicken, abends, bevor Ihr Zubett geht! Aber klickt täglich zehnmal auf die Zeitungsineserate von Thai Guru, denn seine Arbeit muß je irgendeinen Sinn haben. Zeitungsauschnitte kann ich Euch leider nur selten kopieren, da ich nach wie vor berufstätig bin und ARBEITE!

[Blecheuro]

ThainGuru hat offensichtlich keinen Wehrdienst abgeleistet, sonst hätte er den Dreck, den er heute hier losgelassen hat, erst überschlafen. Deshalb sage ich: Auch nur noch 10 WOCHEN )irgendwann) Wehrdienst sind noch für irgendwas gut!

[Blecheuro]

Thai Guru muß unbedingt ausspannen, er ist zu nervös!

Vielleicht liegt es daran, daß er zuviel Goldminen hat, die stündlich weiter runtergeprügelt werden! Abere lieber mit dem Kopf durch die Wand marschieren, aber nur keine Silber- minen kaufen, denn da besteht die Gafhr, da´es rasant hochgeht.

[Wavetrader]

Oft ein Zeichen für eine bevorstehende Trendumkehr:

Die aktivsten User bekriegen sich

[Blecheuro]

Verabschiede mich jetzt, sehe gerade, Thain Guru ist noch Online. Er sollte jetzt ins Bett gehen und entspannen, tut ihm gut! Thai Guru muß Geduld üben, mit Gewalt geht an der Börse nichts, da kann man so viele Zeitungen lesen, wie man will, die schreiben eh nur das, was wir lesen sollen. Anscheinend glaubt Thai Guru immer noch an das Gute, ich nicht! Sonst wäre SILBER längst oben!

[vomo]

Aus dem www.fondscheck.de - Basic-Newesletter v. 03.07.2002

Goldpreis Doppeltop-Formation - Bankhaus Reuschel

Nach Angaben der Analysten vom Bankhaus Reuschel kam es beim Goldpreis zu einer Doppeltop-Formation.
Zuvor sei der Goldpreis am bedeutenden mittelfristigen Widerstandsbereich bei 325 bis 330 US-Dollar abgeprallt. Inzwischen sei die Doppeltop-Formation durch das Unterschreiten der 315 US-Dollar-Marke bestätigt worden.
Negativ sei ebenfalls, dass gleichzeitig der seit Dezember letzten Jahres existierende intermediäre Aufwärtstrend gebrochen worden sei. Gelinge es dem Goldpreis innerhalb der kommenden ein bis zwei Handelstage nicht, erneut über die Marke von 315 US-Dollar zu klettern, würden die kurzfristig stark negativen Indikatoren ihre Wirkung entfalten und zu weiter fallenden Kursen bis in den Bereich von 300 US-Dollar führen.

[keepitshort]

@vomo

vielleicht könntest Du dem "Bankhaus Reuschel"
mal mitteilen Sie sollten den Goldpreis auch
in Beziehung zum US-Dollar sehen.
Beim 1Euro= y US-Dollar sehe ich
bei ca. 0,95 US-Dollar eine sehr kräftige
Unterstüzungslinie.

Den Goldpreis sollte man nicht Charttechnisch
als isoliertes Einzelstück betrachten.

siehe auch die letzten Threads von user: keepitshort.

nicht alleine der US-Dollar spielt hier eine Rolle
aber eine Währung zeigt eventuell die Leistungskraft
eines Landes.

[vomo]

@keepitshort

... wenn die `mal auf mich hören täten... dann würden sie auch nicht so unausgegorene statements (= Empfehlungen bzw. Nichtempfehlungen) `rausgeben ;-)

[siam123]

http://www.welt.de/daten/2002/07/05/0705fi342460.htx

siam

[Biotechperle]

aus der "Berliner Zeitung" :

JAPAN

Sparer haben Angst um ihr Geld
Angela Köhler

TOKIO, 4. Juli. Japans Banken haben im jüngsten Geschäftsjahr erneut massig Geld verloren - allein die sieben führenden Finanzinstitute weisen zusammen 35 Billionen Euro Verlust aus. Schuld an den blutroten Zahlen der Bilanz 2001/02 sind vor allem die drastisch gestiegenen Zwangsrückstellungen für faule Kredite, die wie ein Krebsgeschwür wachsen - bei den 13 Großbanken im abgelaufenen Finanzjahr um 76 Milliarden Euro auf die Rekordsumme von offiziell 232 Milliarden Euro. Bisher konnte ein Mega-Kollaps verhindert werden, aber immer mehr Sparer plündern nun aus Angst vor einem Bankrott die Konten.
Seit die Regierung mit Beginn des Fiskaljahres am 1. April nur noch private Guthaben über 10 Millionen Yen (87 000 Euro) garantiert, wurde in allen Geldinstituten die Zahl der Sicherheitskameras mindestens verdoppelt. In zwei Jahren soll diese limitierte Garantie auch für Gehaltskonten und Sparbücher gelten, deren Schutz bisher noch einen Sturm der Bankschalter verhindert hat.

Finanzexperten finden es gar nicht komisch, dass immer mehr Japaner ihr Geld unter dem Bett horten, weil es ihnen dort sicherer scheint als bei den Banken. Nach Erkenntnissen der Bank von Japan haben Nippons Haushalte zwischen März und Dezember vergangenen Jahres knapp 50 Milliarden Euro von ihren Konten abgehoben und zu Hause gelagert. Allein im Februar stieg der Bargeldumlauf um ein Zehntel. Der private Bargeld-Bestand ist auf rund 340 Milliarden Euro gewachsen. Diese Summe entspricht etwa dem Betrag, den die 126 Millionen Japaner in Investmentfonds gesteckt haben.
-Ende-


Ob es unterm Bett so sicher liegt ... ?

[macvin]

in aller Kürze:

jetzt werden auch in der Presse die Gründe für den heftigen Anstieg des Yen bestätigt: die Japaner lösen ihre $-Assets auf - und dies aus reiner Not! Der Rückgang des NIKKEI parallel zum DOW dürfte diese Bewegung in den letzten Wochen noch verstärkt haben. Ich habe den auf japanischen Banken lastenden Druck offenbar unterschätzt. Eines muss aus Sicht der Verantwortlichen auf alle Fälle verhindert werden: der Zusammenbruch eines größeren japanischen Finanzinstituts. Denn dann würde der Run beginnen....

Übrigens: nicht alle Japaner horten ihr Geld unter dem Bett...einige kaufen auch die in Japan so beliebten österreichischen Philharmoniker...

Schaun wer mal
macvin

[tamara93]

Ich finde es schade, dass ThaiGuru nicht mehr postet, aber vielleicht wird SIAM123 genauso interessant.

[tamara93]

schaut Euch mal strategic minerals an http://www.stratmin.com.au
oder diesen Thread Thread: strategic minerals - der kracher der nächsten Monate?!?

[manfred1_I]

an macvin

lass dich doch gleich auf Macmin umbenennen. Wäre
das nicht herrlich.

[Blecheuro]

Damit Thai Gurus Thread nicht ganz verkümmer, hier ein paar Zeilen für unsere deutschsprachigen Boardmitglieder:

Ich bleibe dabei, das neue Silberzeitalter hat am 2.6.2002 begonnen. SILBER hatte an diesem Tag erstmals seit etwa 1,5 Jahren die 5-Dollarmarke überschritten und sich seit mehr als 6 Monaten kontinunierlich in sehr gesunder Weise nach oben bewegt. Das war das GROSSE SIGNAL!!!


Und dieses SIGNAL hat bei SILBER auch heute noch Gültigkeit, da der Aufwärtstrend so, wie er für meine Begriffe nach einer Bodenbildung Ende 2001 begann, (0ffiziell mit Sicherheitsgefühl erst in der 2. Woche 2002)auch heute noch Bestand hat. Der Trend läuft bei SILBER in sehr beruhigender Weise kontinuierlich weiter und es gibt keine Ungewissheiten die über dem SILBERMARKT LASTEN. Ich spreche aber hier nur vom SILBERMARKT, nicht vom Edelmetallmarkt!

Wer zu diesem Zeitpunkt (Ende 2001) Minen einsammelte, unsere Lieblingsminen CDE, Hecla und Bema sollte natürlich bei den jetzt ablaufenden Gegenreaktionen wegschauen und unter keinen Umständen aussteigen, denn sonst ist er nicht mehr dabei, wenn es weiterläuft.

Mich interessieren 20 oder 30% Rückschlag natürlich nicht.

Beispiel: Hecla habe ich bei rd. 1 Dollar gekauft

Wer die Absicht hatte auszusteigen, wäre bestimmt jetzt nicht mehr drin, sondern hätte bei vielleicht 1,5 oder 1,6 schon wieder verkauft, so wie ich es zwischendurch mchte. Erst bei 1,80 Dollar kam ich wieder rein. Seit dieser Zeit sitze ich nach einem zu versteuernden Zwischengewinn auf einem dicken Plus.

Hätte ich beispielsweise bei der 5Dollarmarke wieder verkauft, wären bei einem Einsatz von beispielsweise 100000 Dollar 177.777 Dollar Gewinn entstanden. Davon hätte ich incl. Kirchensteuer und Solizuschl. bei Halbbesteuerung 88.888 Dollar versteuert und mehr als 51000 Dollar Steuer berappt. Ich hätte also sofort etwa 30% Kursverkust durch Steuerbezahlung gehabt, wodurch mein Kurswert sofort auf 3,50 von 5 Dollar abgewertet worden wäre. Heute stehen Hecla bei etwa 4 Dollar und ich sitze nach wie auf auf einer steuerfreien Pluspositionen.

Warum sollte ich verkaufen? Der SILBERPREISANSTIEG geht weiter und die Silberminen werden weiterlaufen, so daß ich irgendwann einen steuerfreien Gewinn realisieren kann.

Deswegen müßt Ihr schon ALLE hier im Board verstehen, wenn ich gestern von einem Kindergarten gesprochen habe.

Diese Worte tun mir auch heute nicht leid, sondern ich wiederhole nochmals, daß es sich bei gewissen Personen um Kleinstkinder handelt, die sicher noch gar nicht in den Kindergarten dürfen.

Ansonsten wünsche ich allen, auch den lernunwilligen und mitunter ziemlich ungehobelten Kindern ein schönes Wochenende

[Blecheuro]

Doch noch eine kleine Frage:

Wiese verkriecht sich TG eigentlich, wenn SILBER besser läuft als Gold? Oder ist er in einem Hotel, das keinen Internetzugang hat? Ich dachte immer, man müßte den Markt stündlich oder minütlich beobachten. Stimmt das nicht mehr, Thai Guru?

[Bachforelle]

@all

sind wir doch froh, daß es jemand wie ThaiGuru gibt, der sich zumindest (ohne jede wertung) seit langer zeit hier so viel arbeit macht. meine familie wünscht ihm einen langen gesunden urlaub.

B.

[niemandweiss]

@ Blecheuro

du vermisst ihn ? Wo Hass ist ist auch Liebe. Erst verscheuchst Du ihn und jetzt machst du Dir Sorgen um sein Depot Soweit ich weiss vertraut er auf Edelmetall, da sollte ein Urlaub schon mal drinnen liegen. Und er hat keine Stoppkurse gesetzt, zur Beruhigung.

Gruss
niemandweiss

[Blecheuro]

In Abwesenheit von Thai Guru möchte ich wenigstens ab und zu einen Bericht für unsere ausländischen und vornehmlich englischsprachigen Boardteilnehmer einblenden, damit es nicht langweilig wird und Thai Gurus Einschaltquote erhalten bleibt.

Fresh 4 year highs (nearly) in the price of wheat pushed CRB futures to new 52-week highs, as wheat bulls continued to try and complete a rounding bottom on the long term charts Monday. The nearest wheat contract gained almost 2 percent, while the other grains were up from 2 to 3 percent for the day.

It was enough to signal a primary bull market for wheat, as well as an intermediate bull market for the CRB, but not enough for the Goldman Sachs commodity index to follow suit. Several of the commodities were up more than one percentage point on Monday, but the Goldman Sachs index sports a heavy weighting in Oil, which was up only marginally today (up in Europe, down on NYMEX).

Cocoa prices extended their string of highs, and although coffee prices didn`t, they were up 2.5% at the time of writing. Helping the CRB up besides the grain complex was a 4% gain in world sugar prices (a bounce from the recent drubbing), and like gains in some of the Livestock prices.

Gold bounced around between support at $310 and resistance at $315 after a Friday late day sell off where the bears took out "some" support (June`s low), but hardly the meaningful type. There are several factors affecting gold trade (for most of the last decade almost no factors affected gold prices except on the downside). However, it is our opinion that the most dominant, until recent weeks, has been the slide in stock prices and the US dollar. Speculating on war is a tough thing to do, and even if one could do it, the bulk of the evidence supports the best correlation between the dollar, stock prices, and gold (inverse correlations) over the medium to long term.

The short term is always filled with noise that`ll promise to take investors eyes off of the correct ball in terms of gold market valuation - the question of dollar valuation. We suspect in hindsight, gold`s lag in confirming last week`s dollar break will be seen as its last buying opportunity perhaps for a long time.

We are of the opinion that gold`s weakness in recent days is related to expectations the bulls will be able to lift US share averages. The averages were largely flat last week, but the broader markets were up a little bit compared with the prior week. A bounce in stocks would I believe offer support for the dollar.

Another factor driving gold lower recently has been renewed weakness in the South African Rand and the Australian dollar, which could explain why the weakest of the gold stocks happen to be the hedgers with exposure to hedges in those currencies, such as Newmont, Placer Dome, Anglogold, and Barrick.

It is those stocks that have taken out their June lows. The unhedged gold stocks, as measured by the Amex Gold Bugs index, "technically" fared better, which I think is bullish for our near term outlook - that the recently weak Aussie and Rand are keeping the price of gold from confirming a primary bull market ($339) even as the US dollar just signaled a primary bear. The HUI was up on Monday.

Also supporting our near term outlook is the fresh high in the CRB index, the breadth of that participation, and the rising prices paid component of the string of reports in the monthly US ISM (a national manufacturing) index, indicating a recovery of some pricing power for the commodity producers.

Nonetheless, there was another wave of gold selling at the close Monday on COMEX, but it only managed to shave one point off the market`s best for the day. The Rand was firmer Monday, but the Aussie was off half a percent against the dollar matching the bulk of the action in Forex trading up to midday. The US dollar index (trade weighted average) backed up(ward) by ½ percent by midsession.

All eyes were focused on Wall Street, whose bulls were struggling to hold their heads above water for most of Monday. The broad market was under pressure, but was buoyed by the averages until we neared the end of the trading day when bulls closed up shop early. My gut, for one, has been a little confused. It`s been telling me that equities could bounce one minute but that they could collapse the next. Certainly they`re due for a bounce in the short term, but they`re also due for that collapse we have been waiting on, ever since last year. You know, the one to Dow 6000!

The US dollar ended back down, and the Dow finished down better than 125 points by the time the bell rang. This also supports our view on gold as the price of gold popped in overnight ACCESS trading that begins shortly before the Wall Street close, obviously in reaction to the late session Dow and Nasdaq sell off.

The sentiment data is sending us mixed signals, but that data is driven as much by news as it is by price. Moreover, we`re approaching a heavy news season guided by second quarter profit reports. What`s more is that it is about that time when belated profit warnings might roll out, particularly from any of the companies that have bad news but have been putting off telling us about it.

The third quarter promises to have a more favorable comparison year over year, but in many cases analysts may have postponed reducing their forecasts for the quarter, which are probably dependent on second quarter results to some extent.

So if one were to ask us whether we`d place greater weight on the sentiment data or the technical data, we`d vote for the latter, which has been forecasting a poor second quarter, and perhaps even worsening sentiment as a result.

Bugos Wisdom (or not... read on at your own risk)



In a bull market we buy the dips. In a bear market we sell the rallies. I think this is the mistake many investors still haven`t corrected to this day. Buying the dips in a bear market could become a costly strategy, since during a typical bear market the dips invariably give way to greater declines.

I`m not sure how well the lay investor may know it, but in the investment business I think we generally agree on the existence of market trends even if we differ on their interpretation, criteria, or method of evaluation. In the case of the beginning trader, for instance, the criteria may consist of nothing more than arbitrary lines on a price and volume chart.

In my experience this is usually done wherever those lines (conveniently) support an already preconceived outlook.

Without giving away our trade secrets, largely because they`re not really secrets (it is only by looking at chart after chart, year after year, the investor will eventually know what not to conclude, or what the data does `not` mean), suffice it to say that investors` progress in deriving a use from the data on a chart will depend on the extent that they become aware of their own biases.

In fact, as we continue on, learning our trade (as investors, speculators, or traders), we become more and more aware of our internal biases, specifically how they affect our own analysis of the market environment - micro or macro - and consequently, how they affect our decisions.

This is the trader`s biggest challenge, I believe. As Ed Seykota said, in J. Schwager`s Market Wizards, "everybody gets what they (really) want." Parentheses are mine.


RBC Controversy, Rambles, & Mainstreet Bashing
Mainstreet has finally written about GATA`s claims of gold market suppression. The amusing thing is that hardly a word was written when Reg Howe announced litigation against the BIS, Treasury, and the Fed. And only a few words were written when the case was thrown out of court (before it got there). But now, virtually every business paper we`ve picked up is running the story written by John Embry, the Royal Bank of Canada`s gold fund manager - the only gold fund manager to outperform the HUI (Amex Gold Bugs index) over the past six months or so - endorsing GATA`s claims as well as stating that gold market suppression is nothing new in the annals of history.

What has changed to make this argument worthwhile for publishing? Only that gold prices and gold shares have outperformed any other investment class for the better part of a year. Otherwise Mr. Embry might have held back. Already, the Royal Bank denounced it as the independent opinion of one of its employees, and nothing more, which makes it a controversy now. For Mr. Embry isn`t the bank`s janitor after all.

Without getting into all the reasons for our own bullish position on gold, and risk redundancy, I`ll say this: by the time the (gold) bull market is over, we fully expect the media to be making up its own conspiracies altogether. And we fully expect to be shooting them down as we had their nonsense about tech stock valuations. Mainstream has always lagged the truth, a little, but in the Internet age it is puzzling and implies interesting things. No, no, don`t go there. We`re not talking about conspiracies. We don`t need that label to know that mainstreet`s monopoly over information and the publishing of it is threatened by the golden age of the Net.

At any rate, bull and bear markets produce nonsense. The chief difference is that in one case the nonsense is optimistic, while in the other, the nonsense is pessimistic.

The longer that a particular trend continues, the more religious the nonsense is likely to become.

At the late stages of any trend, the opposite arguments tend to be the most cogent. Only, the hard part is identifying the late stages. But that`s why it is important for investors to understand the contrarian argument, particularly at the times they least want to.

So if we`re at the late stages of a bear market in gold, any media reports thumping Mr. Embry`s and GATA`s claims are probably still nonsense. The headline of a report by the Globe & Mail, for instance, recently states:


"RBC Manager Endorses Gold Conspiracy Theory"

Using the word "conspiracy" reveals to us that the bullish argument is still embraced only hesitantly despite its cogency. For, there is no conspiracy. It`s always been the job of a central bank to replace gold`s monetary role in an economy, as Mr. Embry is aware apparently. Would even Greenspan deny that? I doubt it, for he`s as much as admitted it in the past. Gold price suppression should not be news. What is news is the discovery by the media that it exists.

The covert mandate of any central bank that intends on surviving the long term is to sustain the inflation and persuade the market that its currency is better than the one it (the market) might otherwise choose. It is those words which the central bank will refuse to use (I think). But to not acknowledge this means to refuse to accept the economic fact that the Fed`s notes (US dollar) compete with gold for the prestigious role that money plays in any economy - to facilitate the free exchange of goods and services.

To call it a conspiracy, however, helps the central banker`s cause. It helps because it makes the thinking unpopular, despite its verity. Personally, when I hear that word, I become quickly convinced the person using it doesn`t know the first thing about money, capitalism, or history at that.

To believe that central bankers are really willing to sell the rest of their gold reserves is what requires religion, for it is their only ammunition. Though they`ve been robbing us with a blank gun for years, it is paramount that people believe the gun is loaded.

Until the day the press stops calling it a conspiracy, a common understanding of the forces unfolding right under their noses will continue to elude its readership, and in that way will keep the bull market alive because the faster investors awaken to the monetary implications of the past decade`s inflation, the sooner the gold bull market is likely to conclude - for in our view that`s what it is largely about. Perhaps unwittingly mainstreet will carry on as the Fed`s preacher, religiously preaching yesterday`s trend as tomorrows` because productivity now determines all values bullishly regardless of the extent of government intervention and resultant market dislocations.

You see, it isn`t the gold bulls that are religious, folks. It`s the paper preachers that are. They are the ones constantly preaching falsities to solicit our full faith & credit.


Buy and hold; Buy the dips; Stocks are not expensive over the long term; the dollar is money; money supply has to grow with the economy; inflation is measured by price indexes; aggregate computing power determines productivity; Greenspan is a capitalist.


These things are largely false but can work to an extent if we believe they will. They can all be made true by the economic participant`s willingness to offer his or her faith. Isn`t that Larry Kudlow`s favorite line? Have faith?

But if you don`t, just buy gold. `Cause it`s still really cheap.

Ed Bugos

The Goldenbar Report: is not a registered advisory service and does not give investment advice. Our comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity or any other financial instrument at any time. While we believe our statements to be true, they always depend on the reliability of our own credible sources. Of course, we recommend that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and barring that, we encourage you to confirm the facts on your own before making important investment commitments.

[Bachforelle]

sehr lobenswert!

[niemandweiss]

@ Blecheuro

na also, hört sich doch schon viel besser an Was sich neckt das liebt sich halt.

Aber ob Du jetzt nicht zu weit gehst? Hättest Du nicht auch Lust das ganze noch zu übersetzen, damit nicht nur die Einschaltquoten erhalten bleiben, sondern auch "alle" das verstehen?

Aber was geht mich das eigentlich an ?

niemandweiss

[crashkommt]

Schade Thai Guru,

wenn man sich von solchen Arsch...
wie Blech...

vertreiben laesst.

Die Qualitaet sinkt zunehmend.


MfG

[macvin]

@manfredo # 1281

daran hatte ich auch schon gedacht...

Als Promoter der 1. Stunde steht dieser Nick aber eigentlich nur Dir zu...

macvin (dessen Name bereits für ein anderes Produkt steht)

[Blecheuro]

Damit IHR Eure Ruhe habt, ADE KINDERGARTEN, ADE!

[GebrderHunt]

Schade, Blecheuro!

wenn man sich von solchen Arsch...
wie crashk....

vertreiben laesst.

Die Qualitaet sinkt zunehmend.


MfG

[peter.wedemeier1]

Gold shines in downturn

Industry`s strength tempers damage of tech meltdown

By Allison Linn, Rocky Mountain News
July 6, 2002

Amid the boom of the telecom and tech industries, it was easy to forget the old economy staples that built Colorado`s economy, including gold and oil and gas.

But, as much of the rest of the Colorado economy sags under the weight of the struggling technology and telecommunications industry, these old economy staples are among the few sectors that have withstood the downturn relatively well.

Gold prices have been on the rise since the beginning of the year, and crude oil and gas prices, while down slightly from their 2000 highs, have stayed healthy enough for industry experts to feel confident about the long-term outlook.

Economic experts say the strength in these industries has helped temper the damage caused by meltdowns in other Colorado industries.

Those who work in these old economy mainstays say the improvement has been a long time coming.

"Gold funds are doing really well, but remember we`ve been suffering for 15 years," said Douglas Silver, president of Balfour Holdings Inc., a mining appraisal company.

Oil and gas industry businesses, which struggled as other parts of the economy boomed in 1999, feel relief.

"Three years ago, this business was in deep trouble," said Stuart Wagner of Denver-based Petrie Parkman & Co. an investment firm specializing in energy. "So there`s been tremendous improvement."

Why are these industries finally doing well?

Ironically, the same factors that are hurting other industries - the impact of Sept. 11, distrust over accounting issues, fear of war between India and Pakistan and a falling U.S. dollar - are drawing people to gold.

When there`s a perception of instability in the U.S. economy, Silver says, people think, "What are we going to do? Well, we`re going to get into a safer currency."

Japan`s economic and banking woes also have driven up demand for gold there, further helping U.S. businesses, Silver said.

Shares in Denver-based Newmont Mining, the largest gold producer in the world, reached a high of nearly $32 in late May, although the company`s stock price has since slipped.

No one knows how long the gold industry will maintain its Midas touch, but after years of struggle, Silver jokes, "We would really like it to last more than two or three weeks."

Colorado`s oil and gas businesses are hoping for another two or three years of good times. Petrie Parkman`s Wagner says the state`s natural gas companies, especially, are being helped by steadily increasing worldwide demand for natural gas at a time when there are still substantial reserves in the Rockies - and less potential in other parts of the United States.

But Wagner cautions that the natural gas industry must grapple with the difficult question of balancing environmental concerns with drilling.

Still, he says those concerns may actually help the industry.

"At the end of the day there are environmental challenges," Wagner says, "(but) I`d make the case that the more they challenge to stop drilling, the higher prices there are going to be."

[crashkommt]

Wenn jetzt noch mr. Hunt nach Hause geht,

dann steigt die Qualitaet wieder um 100%


Blechkopf, danke wir werden dich sicher nicht vermissen!!



MfG

[Trendfolger]

Warum werden solche Leute wie crashkommt nicht gesperrt? Unverwchämtes Dreckpack!

[kazman]

Sehe ich auch so

Wir "Oberlemminge" wollen wieder Blecheuro und ThaiGURU haben :-)))

[ThaiGuru]

Ferien ist schöner als ich dachte!

Keine Schwätzer, keine Obrigkeitshörigen, und kein Gold Board Adel weit und breit.

Nur Palmen, Sonne, erfrischendes Meeresrauschen, liebenswerte Menschen die einem die Lust am Leben verschönern. Die lokalen Schönheiten sind sehr hilfsbereit, und lassen jeden einzel reisenden Adam die Börse schnell vergessen.

Heute hat es mich nun aber doch kurz ins Internet getrieben.
Die Verlockung war zu gross, wenn auch nur für eine Stunde.

Ist ja schon sehr interessant was in der kurzen Zeit so alles passiert ist beim Gold, und Silberpreis Geschehen.

Im Board wird auch munter gestritten, und der Jeffery2 versucht wieder einmal auf`s neue einen neuen User im Board Mundtot zu machen. Aber das kennen wir ja schon, er macht das gerne, bei mir übrigens hat er es in meinem ersten Thread auch versucht. Die Comicfigur verteilt auch munter seine Unterstellungen, und Seitenhiebe, selbst gegen nicht anwesende User. Er glaubt immer noch nicht an einen Goldpreisanstieg, und träumt halt munter weiter von der sich selbst regulierenden Wirtschaft der Obrigkeit.

Ja und der Blecheuro, er scheint ein bisschen irritiert zu sein, nachdem ich Ihm, vor meinem Ferienbeginn, noch sachlich meine Meinung gesagt habe.

Eigentlich wollte ich mich nur etwas im Net informieren, doch einen neuen Billanzierungs-Skandal in Amerika der Firma Merck, mit dem "unbedeutenden" Betrag von 12,4 Billionen US Dollar, möchte ich Euch nicht vorenthalten.

Danach bin ich schon wieder weg.

Die Nui wartet schon.

Gold und Silber, weiterhin strong buy!

Gruss

ThaiGuru

[ThaiGuru]

http://story.news.yahoo.com/news?tmpl=story&u=/dowjones/2002…

Merck Booked $12.4 Billion in Revenue It Never Collected

Mon Jul 8,12:06 AM ET

Drug giant Merck & Co . recorded $12.4 billion in revenue from the company`s pharmacy-benefits unit over the past three years that the subsidiary never actually collected, according to a filing with the Securities and Exchange Commission ( news - web sites), Monday`s Wall Street Journal reported.


Merck`s Medco unit, which manages pharmacy-benefit programs for employers and health insurers, included as part of its revenue the co -payments collected by pharmacies from patients, even though Medco doesn`t receive those funds. Between 1999 and 2001, co -payments represented nearly 10% of Merck`s overall reported revenue.

Merck first disclosed the accounting treatment in an April SEC filing as it prepared to sell 20% of Medco in an initial public offering. But it wasn`t until a subsequent SEC filing on Friday that the company said exactly how much revenue was involved.

Merck, based in Whitehouse Station, N.J. , says its revenue-recognition policy conforms to generally accepted accounting principles. The company says the accounting treatment has no effect on its net income, because it subtracts the same amount as an expense. Medco is the country`s second-largest pharmacy- benefits manager, with 65 million members. Medco reported revenue last year of $ 29.69 billion, or 59% of Merck`s $50.69 billion in revenue.

"For a company such as Merck to reflect as revenues in its financial statements billions of dollars of co -payments a customer makes directly to another company, the pharmacy, which the pharmacy collects and never remits to Merck, just does not reflect the economics of what is occurring," said Lynn Turner, a former chief accountant at the SEC who is now an accounting professor and director of the Center for Quality Financial Reporting at Colorado State University in Fort Collins. "If that is what the SEC accepts, then investors are in trouble and our financial reporting indeed needs improving," he said.

Medco`s accounting practice echoes a recent case involving Edison Schools Inc., a commercial operator of public schools, which was booking as revenue funds that school districts paid directly for teacher salaries and other costs. The SEC in May found that Edison "failed to disclose that a substantial portion of its reported revenues consist of payments that never reach Edison." Although Edison`s accounting practice, which didn`t affect net income, conformed to generally accepted accounting principles, the SEC said that "technical compliance with GAAP" doesn`t insulate a company from enforcement action if it makes filings "that mischaracterize its business or omit significant information." The SEC ordered Edison to add a director of internal audit to its management team. The agency said that Edison would exclude most of those payments from its reported revenue in the future.

There isn`t any indication that regulators have an issue with Medco`s or Merck`s accounting. The SEC hasn`t asserted that inclusion of co -payments in revenues are inappropriate or not in accordance with GAAP, according to a Merck official. SEC officials couldn`t be reached to comment late Sunday.

A pharmacy-benefits manager such as Medco uses the combined buying power of millions of people in its plans to extract discounts and rebates from drug makers and pharmacies. These companies then pass on some of the savings to clients -- employers and health-insurance companies -- looking to save money on prescription drug costs.

Medco`s revenue in question is the co -payment -- $10 to $15 is typical in the industry -- paid by consumers with a prescription drug card to their retail pharmacy to cover their portion of the cost of a drug under an insurance plan. The pharmacy keeps the entire amount of the co -payment.

Merck contends that it has legal liabilities for the co -payment under certain circumstances, such as if it transmits electronically to the pharmacist incorrect information about how much co -payment the pharmacist should collect. But in its SEC filing, the company said it doesn`t face a "credit risk," which would force it to reimburse pharmacies if a customer skipped out on making the co -payment.

The disclosure from Merck comes amid heightened scrutiny over many companies` accounting policies after several high-profile scandals. Last week, the SEC ordered that chief executive officers and chief financial officers of more than 900 of the nation`s largest companies must swear under oath in writing that the numbers in their companies` recent financial reports are correct.

Merck declined to say whether the SEC required it to disclose the amounts of the co -payments in its latest filing, its fourth amended prospectus for the planned Medco initial public offering. But Kenneth C. Frazier, Merck`s general counsel, said the latest filing has been thoroughly reviewed by the agency and " reflects the discussions we had with the SEC" over the co -payments. "We are proceeding with the offering and hope to price this week. However, we can`t comment further because we are in the quiet period," he said. An SEC spokesman said the commission`s approval of the latest filing is still pending.

-- Barbara Martinez, staff reporter of The Wall Street Journal, contributed to this report.

[Gringo1]

Thai,

Dir gehts gut....beneidendswert

Ich und das PPT müssen leider viel arbeiten, und das pausenlos...

Jedoch kann ICH auch bald urlauben...

[Tippgeber1]

@all

Ich bin mir sicher, dass sich Thai Guru und Blechi wieder vertragen.


Gruß

Tippilein

[siam123]

http://www.wallstreet-online.de/si/?k=865+260+

Ein kleiner Vorgeschmack der Börse Stuttgart !

siam

[GSoros]

Jau,

der Durban Kurs in Stuttgart stimmt, aber die anderen Börsen
scheinen falsche Daten zu melden. Oder loht sich die Arbitrage
heute ?!


Gruss George

[kazman]

Hats denn schon jemand mal probiert ;-)

[ThaiGuru]

Ohne diesen Mann, hätte wohl die Weltpresse bis heute noch nichts von den Goldpreis Manipulationen des Gold Cabal bereichtet.

Danke Bill Murphy




Bill Murphy Receives GATA Award of Appreciation
from Cambridge House International Inc.
Vancouver, June 2002.

Hier könnt Ihr hören was er zum Goldgeschehen sagt!
(Benötigt schnelle Internetverbindung, zum anhören)

http://www.lemetropolecafe.com/Ni2/BILLVA.mp3

[kazman]

Das ist aber jetzt nicht der mit Murphys law ?,-)

[ThaiGuru]

@Kazman

Doch, doch, aber der mit Murphys Gold Law

[ThaiGuru]

http://www.pennaluna.com/prospector.htm?news_item=318

09 July, 2002

News update from the Idaho silver fields

Coeur d’Alene, Idaho -- With gold now camping north of $300 and silver knocking on the door of $5.00, things are starting to get a lot more interesting in the mining sector.

Here’s what’s been going on lately up in our neck of the mining woods --

Formation Capital (TSE:FCO) -- Formation today reported it’s given formal notice under its option agreement that it will buy the Big Creek refinery of bankrupt Sunshine Mining. The Vancouver firm -- which aims to become the only integrated cobalt miner and chemical refiner in the United States -- has already paid $675,000 toward purchase of the Silver Valley installation. It plans to process concentrates there from a cobalt mine it’s developing in Idaho’s Lemhi County, as well as outside concentrates. The company says a recently closed $2.3 million private placement will help finance an early settlement, giving it a “significant discount” from the $1.575 million sales price.

An interesting little outfit, recent filings disclose that over 13% of Formation stock is owned by Benjamin Torchinsky and his wife. Torchinsky is the well-regarded founder of AGRA (Canada’s second largest engineering firm before a merger two years ago) and recipient of the Sir John Kennedy Medal and other honors. FCO was trading recently on the Toronto Stock Exchange at about US .30.

Coeur d`Alene Mines (NYSE:CDE) – Coeur has been busy the past couple of weeks. In late June, it picked up a working capital facility through Standard Bank London for the recently opened Cerro Bayo Mine in southern Chile. Coeur expects to produce 52,000 ounces of gold and 3.6 million ounces of silver there this year, with cash costs for gold forecast to be under $150 an ounce.

Next, the NYSE told Coeur that it was again in compliance with Big Board listing requirements, resolving a situation that has been touch and go for the past year and a half. Reflecting a new optimism that led CEO Dennis Wheeler to refer to it as the “new Coeur”, the firm also revamped its investor relations program. It made internal corporate changes and hired Makovsky & Company, the New York City communications and investor relations consultants. CDE has traded lately at around $1.84.

Atlas Mining -- Atlas (PinkSheets:ALMI), the Osburn-based resource, mining and underground mining contractor, reported yesterday that its new SB-2 Registration Statement has been declared effective by the SEC. Atlas says it made the filing in order to raise about $1.5 million and to become a fully reporting company -- thus qualifying its stock to be quoted on the OTCBB, as it used to be. ALMI traded lately at around .12.

Silver legislation -- The House and Senate have both passed the bill that allows the U.S. Mint to buy silver in the open market for the first time in over forty years. President Bush is expected to sign it shortly.

Silver Standard (NASDAQ:SSRI/TSX Venture:SSO) --Vancouver-based Silver Standard may have made a shrewd deal recently, when it bought a 43% interest in the Pirquitas silver project in Argentina for $4.3 million. Pirquitas is a permitted silver-tin-zinc property that was once owned by Sunshine Mining’s Argentina subsidiary… which spent over $25 million to outline the resource and produce a bankable feasibility study before the lights went out on the company.

Sunshine had estimated capital costs at $133 million, and projected production of 11 million ounces of silver a year, along with sizeable quantities of tin and zinc. Cost of silver production was estimated at about $1.53 an ounce after by-product credits. The company says it will place the project on care and maintenance awaiting favorable silver prices. Silver Standard’s interest in Pirquitas represents almost 60 million ounces of proven and probable silver reserves. SSRI started the year at $2.65. As we write, it’s trading at a little over $6.50.

Sunshine Mine – Speaking of Sunshine, we mentioned last time that Dave Bond of the Coeur d’Alene Press had reported on due diligence work by Rathborne Energy of New Orleans at the venerable old Sunshine Mine -- the granddaddy that’s produced over 350 million ounces of silver to date. That due diligence seems to be continuing. Rathborne representatives have been in the area (and stopped by our offices) within the past few days. Bond reported that Rathborne’s goal -- if everything checks out -- is to take an option on the mine from the bondholders who now own it. No way to tell at the moment how this may turn out. But firming silver prices can’t hurt.

Hecla Mining (NYSE:HL) and Independence Lead Mines (PinkSheets:ILDM) -- 70 year-old Independence made good on its David versus Goliath threat to sue Hecla over the 1968 Gold Hunter lease that ILDM recently terminated. The new suit charges Hecla with waste and inefficiency at the Gold Hunter project, located at the Lucky Friday Mine up in Mullan.

Independence has reportedly received nearly $400,000 in lease payments since the Gold Hunter started producing in the late 1990’s. But Independence president Bernard Lannen says his firm has not received any royalties because Hecla ran the project so badly it didn’t produce a profit. Hecla stock has climbed from .94 at New Years to about $4.55 now. Independence last traded at .16.

Two new reverse mergers -- Two area old-timers have recently announced reverse mergers. A reverse merger is where a private corporation is absorbed into an inactive or nearly inactive company whose stock is publicly traded. Often this process allows the private company to become public cheaper and faster than an IPO would.

First, Utah-Idaho Consolidated Uranium (PinkSheets:UTIU), founded in 1954, announced it would acquire Net2Trade, a Nevada financial services company. Next, Silver Butte Mining (PinkSheets:SIBM), founded in 1965, reported it would acquire Quantum Technology Group Inc. Quantum is an Idaho Falls technology development and commercialization firm.

Hello, Garden State -- Pennaluna has just added New Jersey to the list of states where we’re registered to do business. If you live in Jersey, we’d love to have you work by phone with one of our brokers (800-535-5329).

Mining History Association -- Becky Kramer of the Spokesman-Review recently wrote an interesting piece about the Denver-based Western Mining Association’s meeting in Wallace in late June. Around 100 professors, museum curators, retired mining officials and history buffs attended. Besides tours and socializing, highlights included the presentation by retired Bureau of Mines inspector Warren Andrews of his new research paper on the 1972 Sunshine Mine Disaster that killed 91 people. Apparently there was also a good deal of reminiscing about Burke, the little Silver Valley mining town in a canyon so narrow that gas pumps had to be installed on sidewalks because there wasn’t enough room for cars to pull into service stations.

"Don`t tell me I`m burning the candle at
both ends; just tell me where to get more
wax." Unknown

Editor: Tom Wobker

[Traderfriz]

>TG ..
kleiner Feiertag für die Gold gemeinde ... prosit, die party kann ja weitergehen.

Sag mal TG wie ist denn das Wetter in Koh Sa Mui od. so ähnlich. lohnén sich Reisen auch im Sept/Oct.

Ich habe mir mit meinen Bemas ..., schon den 2 Wo. Trip, verdient, ... diesmal wird BKK + der Norden Besucht, war einfach super in Phuket letzen Dec.

Tja TG, genieß es ... das Leben ist leider eh zu kurz, schuften, zocken ist ja doch nicht alles, Fun gehört ja auch dazu.

So long, auf die nächste Goldhausse ... Blechbirne + Konsorten sind ja vielleicht gerade am Mittelmeer.

Have Fun

TF

[ThaiGuru]

@Traderfriz

Super Wetter kannst Du sicher auch im September/Oktober in Khosamui erwarten, da dort eher Trokenes Wetter vorherrscht, wenn in Zentral/Ost/West-Thailand Regenzeit herrscht. Doch Regenzeit in Thailand ist etwa gleichzusetzen mit einem schönen Sommer in Deutschland. Gelegentlich halt mal Regen, der aber meistens innerhalb ein zwei Stunden wieder zuende ist. Dafür ist es nicht so heiss wie im März/April/Mai. Angenehme 32-34 Grad am Tag, und 26-28 Grad in der Nacht.

Zudem ist Sept/Okt. Tiefsaison, die meisten Hotels sind bis 50% billiger bei den Zimmerpreisen, als in der Hochsaison.

In diesem Moment geht hier gerade bei mir die Sonne wieder auf, der Himmel ist leicht bewölkt, und es scheint wieder ein schöner Tag zu werden.

Nachdem gestern Dienstag die Gold Minen GFI +12,86%, die HGMCY +13,2%, die Drooy + 8,19, die ECO + 10,48%, und die RIC +10,54% zugelegt haben, sehe ich morgen einen weiteren guten Tag für Gold und natürlich auch Silberminen, die jedoch gestern leider noch nicht ganz mit den Goldminen Preissteigerungen mithalten konnten.

Höchste Zeit schlafen zu gehen, damit ich heute zum Frühstück am Pool um 14 Uhr wieder fit bin.


Gruss

ThaiGuru

[ThaiGuru]

July 9 - Gold $316.10, $.10 - Silver $5.02 up 9 cents

Somebody Knows Something!

Our main source on the Comex called up early to let us know that gold was trading with the stock market. As the stock market weakened, gold would rally. However, it gradually decoupled from the stock market and trended higher on its own for the rest of the session. Stocks were unchanged when gold closed. The dollar was weak for most of the time too, but when it suddenly firmed (Fed probably checking rates), gold didn’t budge.

That is a complete change of trading pattern than we have witnessed over the past month. Today’s move up was the strongest move we have had since gold topped out below $330.

Silver was also strong as a rock all day long and continues to shine. During June Midas presented anecdotal bits and pieces that suggested a big silver move could matriculate in July. There is plenty of time left in the month for that to still happen.

The CRB rebounded and finished at 211.09, up 1.78. Rains in the plains sent corn, wheat and beans lower yesterday, but the most recent crop report showed growing progress to be retarded and behind schedule. This is a very critical time in the growing season. Hot and dry weather, should it zone in on the Midwest, could send soybean and corn prices sharply higher. The CRB could swiftly jolt its way up to 220.

But, there is no inflation because food and energy prices don’t count.

The dollar closed at 106.04, down .70, selling off again late. It is only a blip away from a new low close for the move.

Gold and silver were not the only stellar performers. The precious metals shares soared for the second day in a row on VERY HEAVY VOLUME! That is an important input. The XAU closed at 77.95, up 5.40, while the HUI leaped to 136.70, up a whopping 10.20.

Perhaps the generalist fund (European) that was going to buy $400 million of XAU shares between 65 and 70 decided not to wait any longer?

Why the sudden reversal in gold’s trading pattern today? It is only a hunch of mine, but I suggest that a bunch of somebodys know something is coming down the pike that will be very gold positive. That is the way gold and the shares traded today. These people want IN and are willing to pay up. Patience was thrown to the wind. There was an obvious sense of urgency. Maybe the big move we have been looking for over a very long time is right around the corner.

www.lemetropolecafe.com

[ThaiGuru]

Das solltet Ihr Gold Bugs unbedingt mal lesen!

Gruss

ThaiGuru



http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=17706…

[ThaiGuru]

Silver news:

Monday, July 8, 2002

Senate silver bill goes to President
From Numismatic News by David L. Ganz

In a concentrated study of brinkmanship, the Senate and House acted quickly during the last week of June to assure that there would be a continued silver supply for the the American Eagle program, agreeing to allow the Treasury secretary to go into the commodity market to obtain metal to strike the coins.

On June 28, the House initialed its approval stamp on S. 2594, the “Support of American Eagle Silver Bullion Program Act,” in a unanimous consent vote, just a day after the House voted 417 to 1 in favor of a longer and more involved bill, H.R. 4846, entitled “Silver Eagle Coin Continuation Act of 2002.”

Both measures addressed the same problem. After sales of millions of one-ounce coins that have generated more than $264 million in profits over the last seven years – and lots more since its initiation in 1986 – the nation’s silver stockpile, the program’s source for precious metal, has been all but depleted.

Measures had been introduced almost simultaneously in the House and Senate, going in two different directions. One, by Rep. Frank Lucas, R-Okla., sought to revamp the Mint’s public enterprise program in an ambitious bill that restructured the public enterprise fund while also solving the immediacy of the silver bullion problem.

Sen. Harry Reid, D-Nev., took a different tack – one that avoided the controversial aspects of reforming the Mint. Reid’s focus was on Nevada’s 17.5 million ounces of silver produced last year – one-third of the nation’s mining effort.

The House bill simply authorized the Treasury secretary to pick up silver for minting the bullion coins “from other sources as appropriate.” Reid was more explicit:

“At such time as the silver stockpile is depleted, the Secretary [of the Treasury] shall obtain silver ... to mint coins authorized under section 5112(e). If it is not economically feasible to obtain such silver, the Secretary may obtain silver for coins authorized under section 5112(e) from other available sources. The Secretary shall not pay more than the average world price for silver under any circumstances.”

This allows the secretary to buy newly mined silver, older silver or any other, for the term “average world price” means the price determined by a widely recognized commodity exchange at the time the silver is obtained.

On June 6, Reid’s bill was introduced and referred to the Senate Banking Committee. It was discharged June 21 under a unanimous consent request, passed the same day, then sent to the House on June 24. On June 28 the bill was cleared for Presidential signature.

[ThaiGuru]

[/b][/u]Die neuste Voraussage von Mahendra zum Silber Preis

Silver :

I see prices moving up faster than the gold. According to the astrology chart I see a great boom for silver is around the corner. During the period 12th July 2002 to 28th August the price of silver will rise to $5.65 per ounce with a possibility that it may touch $6 mark.

[kazman]

>http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=17706…

Ich kapier ohnehin nix

Aber was sollte das für einen Sinn machen ???

[ThaiGuru]

http://www.themoscowtimes.com/stories/2002/07/09/061.html

Silver Duty May Go

MOSCOW (Reuters) -- The government may scrap a 6.5 percent export tariff on silver to help domestic producers, an Economic Development and Trade Ministry spokesman said Monday.

Konstantin Bogdanov said the Commission for Protective Measures in Foreign Trade, a government panel responsible for drafting resolutions on customs tariffs, decided Monday to recommend that the government abolish the tariff. But he could not say when it would be removed.

[ThaiGuru]

@kazman

Wenn es denn stimmen sollte, macht`s sehr viel Sinn.

Falls es nur ein Gerücht ist, vergiss es besser sofort wieder.

Die Zeit wird`s klären.

Gruss

ThaiGuru

PS: Und jetzt bin ich wirklich weg, und tschüss.

[Tippgeber1]

@ThaiGuru

Freut mich, dass Du so schnell wieder zurück bist. Danke für die Vorhersage von S.M. Silber hält sich wie prognostiziert besser als Gold.

Vieles deutet darauf hin, dass die Vertrauenskrise in die Unternehmen, Analysten etc. nach der enttäuschenden Bush Rede noch sehr lange andauern(bis 2004 mindestens Baisse) wird und das wir im nächsten Jahr tatsächlich im Gold historische Hochs sehen könnten.

Allerdings bin ich mir bei S.M. Vorhersage nicht sicher, ob 12§ bei Silber bis 09/2003 stimmen. Wenn Gold derart hoch geht, dürfte Silber evtl. noch stärker steigen als 12$.

Interessant fand ich, dass der Euro kurz bei 0,9733 stand und offensichtlich die Notenbank kurzfristig beim Dollar interveniert hatte. Das hielt aber nicht sonderlich lange. Der Euro steht mittlerweile wieder über 0,99€ und damit einhergehend wird Gold weiter steigen.

Die dauerhafte schwäche des Dollars die nächsten Jahrzehnte wird Gold und Silber in neuen Höhen führen. Die dauerhafte Manipulation der Goldmärkte läßt sich nicht duchhalten.

Dir weiterhin alles Gute

Gruß

Tippgeber

[manfred1_I]

Schaut euch mal den Chart von " MACMIN" in Australien
an.
Ihr werdet staunen.

J A H R E S T O P, 14,5 Acts.

[Tippgeber1]

@manfred

Ich halte mich an Thia´s Motto- wenn die Kurse hoch stehen, kaufe ich nicht. Bin nur im Schnäppchenmarkt aktiv, ansonsten Gewinne laufen lassen und Cash halten.


Gruß

Tippgeber

[manfred1_I]

An tippgeber

Geschlossen hat Macmin bei 15,5 Acts. in Australien.

Vielleicht klappt es ja nochmal für 14 oder 15 Acts.,
aber wenn Siegel das Einstiegslimit erhöhen sollte,
wird es eng.

[ThaiGuru]

July 10 - Gold $314.80 down $1.30 - Silver $5.01 down 1 cent

CARTEL CAPITULATION WATCH

Comex gold trader: “All dealer selling.”

And, who would they be selling for if the gold producers are covering hedges?

A trader sent me the following:

“For weeks Morgan Stanley is trying to keep the lid on the market. It is so noticeable that the floor traders are now talking about it.”

More and more, The Gold Cartel is being found out.

Germany’s Welteke must have Alzhei...s. He keeps repeating himself and always when the cabal is feeling stress. This AGAIN, after only a $4 gold rally:

Welteke Says Bundesbank Wants the Option to Sell Gold Reserves

By Christian Baumgaertel

Frankfurt, July 10 (Bloomberg) -- Germany`s Bundesbank, the world`s second largest holder of gold, wants the option to sell some of its bullion after a central bank accord to limit sales expires, said the central bank`s president, Ernst Welteke.

Germany would ``want to keep the option open to possibly be able to sell gold,`` Welteke told reporters at an event organized by the Frankfurt Club of International Business Journalists. ``It must be an amount that`s worth bringing to the market.``

A 15-nation accord signed in 1999 limits central bank gold sales to 400 tons per year, and the agreement is due for review in 2004. Germany lags only the U.S. in gold holdings and has 3,500 tons, equal to about 16 months of the total supply from mines worldwide. The banker said the agreement should be renewed.

Welteke in an interview in February said the bank wants to swap some of its gold reserves into better-returning assets such as stocks and bonds. Its gold reserves don`t ``yield any profit,`` he said.

-END-

www.lemetropolecafe.com

[ThaiGuru]

Welteke not only has Alzh....r’s, he must be a bit retarded. Sell cheap gold to invest in the stock market? Gold has moved up this year nicely, while stocks keep falling all over. I think it is time he visit a mental doctor.

Gold needs to clear $318, basis the August contract, to set new sights for $330.

Silver could explode any day. There was a surprise 1.5 million withdrawal from Comex Silver Inventories today. That is something to keep an eye on.

The U.S. stock market has been routed to the tune of almost 500 Dow points since gold closed yesterday. Yet, gold has been repelled since then by Gold Cartel forces. It is sickening to continue to watch what THEY continue to do to gold and then listen to the President talk about cracking down on corporate fraud.

Oh well, in the end the gold mess will be his mess. Treasury Secretary O’Neill and The President are going to rue the day they did not do the right thing and clean up the scam when they could. A year ago it would have been so easy to put the blame where it belonged: squarely on Clinton, Rubin, Summers and Greenspan.

www.lemetropolecafe.com

[ThaiGuru]

CARTEL CAPITULATION WATCH

The Gold Cartel HAS to be choking on their gold shorts as the worst financial disaster in 75 years stares them right in the face. The stock market knows what is coming and is reacting accordingly and appropriately.

The Dow swooned 283 points to 8813, while the DOG fell 35 points to 1346. The S&P was really battered. It dived to 920.47 and took out its October 1998 low of 923.32. That low was put in during the Long Term Capital Management Crisis. It was at that exact point in time I realized the gold market was rigged. The cabal showed their hand, as they would not let gold stay above $300.

The Transportation Index also followed through on the downside after yesterday’s technical breakdown. WORSE, the Utility Index is collapsing. What does that tell you: the debt bomb is raising its ugly head.

The U.S. investing public is receiving statements in the mail from their fund managers and deciding enough is enough. Many innocent investors realize they have been conned by Wall Street’s finest. What a shame!

It may not be tens of thousands of protestors in the months and years to come, but this is what Wall Street has to look forward to:

“Tens of thousands of protesters filled the streets of Buenos Aires on Tuesday to demonstrate against the government`s handling of the country`s economic crisis. “

I almost could not believe my ears when a CNBC commentator said traders sighed relief when the following was announced because it not was accounting related, or more loss of profits:

Denver, July 10 (Bloomberg) -- Qwest Communications International Inc. said federal prosecutors began a criminal investigation of the local-telephone company, four months after regulators began probing its accounting. Qwest`s bonds and shares fell on concern that the company may seek bankruptcy protection….

MIAMI (Reuters) - A legal watchdog group on Wednesday sued Vice President
Dick Cheney and the Halliburton (NYSE:HAL - News) oil services company he
once ran, alleging they defrauded shareholders by overstating company
revenues…….

Cheney is the invisible Vice President. He must be hiding out with Greenspan.

Quid pro quo. From The Daily Reckoning:

In the meantime, "Asian Stocks Favored as U.S. Investors Flee," says a headline in the Jakarta Post.

"If you thought Thailand had corporate governance problems, you haven`t been following the soap opera that the American securities business has become," opined an editorial in the Bangkok Post.

When the Asian Crisis of `97-`98 was in the news, fingers wagged at the East. They should follow the American example, said the IMF...the World Bank...the fund managers and western tycoons. Now, the Asians are watching what they believe may be an even bigger crisis developing in the U.S. Can we blame them for gloating
just a little?

And in Europe, Chancellor Gerhard Schroeder of Germany said the scandals uncovered in the U.S. so far were just the "tip of the iceberg."

Corrigan observes, "Relishing the humiliation - after all, schadenfreude is about the only form of merriment for which the Germans are noted - the Chancellor seized
his moment to rail against the American Way."

At an election rally, Schroeder told an audience of BASF workers, "Now it has been revealed that egotism practiced at the top under the catchphrase `shareholder value` is worth less...than a system based on a fair balance between the interests of workers and employers. [In the US] the individual employee is not valued and shareholder value is everything."

-END-

www.lemetropolecafe.com

[ThaiGuru]

This is good news and is about time. A bullion dealer ACTUALLY GOING BULLISH. It can only tighten the noose around the cabal’s neck.

UBS WARBURG JULY 9

We Buy Gold

by John Reade, Shahab Jalinoos

Jul 9 13:38 GMT

We buy gold at $313.40 with the expectation that gold can challenge if not surpass the recent intra-day high of $330/oz. Our stop is at $310.

Gold rallied from $270/oz at the start of the year due to improved gold market fundamentals and a US dollar weakness, trading up to $330/oz at the beginning of June before retreating to current levels of $313.50/oz. In June gold succumbed to profit taking after the metal began to increase at a slower rate than the US dollar fell.

The factors behind the improvement in the gold fundamentals have not changed: Gold producers are reducing their forward sales and investors are returning to gold in a wider move towards safe haven assets. The outlook for the US dollar remains weak too and after a brief respite the currency has begun to fall again. The USD is the ultimate risk asset amongst the major currencies, and risk aversion is rising again after a period of consolidation (please see our UBSW FX Risk Index).

Commitment of traders data shows that speculators have reduced their gold positions and now have capacity to add to their long holdings and we believe that the recent resumption of US dollar weakness may herald a further period of strength in gold.

www.lemetropolecafe.com

[Tippgeber1]

@manfred

Traue bloß nicht Don Siegel, der empfahl verstärkt Kingsgate und Croesus, die nach seiner Empfehlung mal eben 30% verloren Ein Schelm wer dabei an Gewinnmitnahmen bestimmter Leute denkt

Gruß
Tippi

[Blecheuro]

Bezüglich Siegel muß ich Thai Guru Recht geben. Siegel saß nahezu jahrzehntelang auf Verlusten oder besser gesagt Totalverlusten. Wenn für ihn eine ehrliche Rechnung aufgemacht wird, sitzt er jetzt auch noch auf Verlusten!

[Blecheuro]

Eigentlich ist Siegel lediglich jemand, der sich auch so vehement hinter Gold gestellt hat wie Thai Guru. Hätte er sich zum gleichen Zeitpunkt so vehement hinter Silber gestellt und vor einem Jahr CDE, Hecla und Bema gekauft, wäre er jetzt schon am Ziel und könnten in den Ruhestand gehen.

[Blecheuro]

Thailaberer!

Die Goldminen natürlich für die, die es einfach nicht lassen können Afri zu trinken, wie Du!

[ThaiGuru]

@Blechbirne

Im Nachschwatzen warst Du schon immer einsame Spitze.

Aber was eigenes, dazu bist Du nicht fähig, nur Sprüche Klopfen allenfalls kannste noch.

Gruss

ThaiGuru

[tamara93]

Hört doch bitte auf mit der Beschimpferei, Eure Infos sind mir viel lieber.

Noch lieber wäre mir ein Goldpreis von 400.- US$

[ThaiGuru]

http://www2.swissinfo.org/de/images/deh_world.gif

http://www2.swissinfo.org/sde/Swissinfo.html?siteSect=143&ei…

Schweizer Zeit 10:55, Donnerstag 11.07.2002

US-Defizit wegen Aktienschwäche grösser als erwartet

WASHINGTON - Die US-Regierung erwartet gemäss Regierungskreisen wegen der Schwäche der Aktienmärkte ein grösseres Budgetdefizit als bislang angenommen. Grund dafür sollen die unterschätzten geringeren Einnahmen durch die Kapitalgewinnsteuer sein.

Wie aus Regierungskreisen in Washington verlautete, werde die Regierung in der kommenden Woche neue Prognosen veröffentlichen, in denen für die Geschäftsjahre 2002 und 2003 höhere Defizite erwartet werden. Dies berichtete die Nachrichtenagentur Reuters.

Zwar sei das Wirtschaftswachstum im ersten Quartal 2002 höher als erwartet ausgefallen. Jedoch seien die Auswirkungen der geringeren Einnahmen durch die Kapitalgewinnsteuer unterschätzt worden.

Das Budgetbüro (OMB) von Präsident George W. Bush hatte im Februar für das Geschäftsjahr 2002 ein Defizit von 106 Milliarden Dollar, für 2003 von 80 Milliarden Dollar und für 2004 von 14 Milliarden Dollar vorhergesagt. Den Kreisen zufolge wird in dem für Montag erwarteten Budgetbericht des OMB eine Rückkehr zu einem Budgetüberschuss für 2005 erwartet.

Die Auswirkung der Kapitalgewinnsteuer unterstreicht die politische Bedeutung der Aktienkurse für Bush. Sollten diese weiter fallen und damit das Budgetdefizit wachsen lassen, würde dies den Demokraten vor den Kongresswahlen eine Angriffsfläche bieten.

Sie machen Bushs Steuererleichterungen in Höhe von 1,35 Billionen Dollar für das Defizit verantwortlich. Dagegen sagen Bushs Republikaner, dass die Steuerkürzungen massgeblich für die Erholung der US-Wirtschaft nach einer Rezession und den Anschlägen vom 11. September gewesen seien. Sie machen höhere Staatsausgaben und nicht Steuerkürzungen für das Defizit verantwortlich. 110335 jul

11.07.2002 03:37, SDA-ATS

[Traderfriz]

>diese Cap Gain steuer ist doch pervers.

der Investor trägt das liqui + Unternehmens Risiko,... bindet sein Cap., hofft auf Gewinne, u. sollten die eintreten dann zockt dich der Staat ab.

wenn du verlierst dann ist das kapital weg, der Staat sagt, na ja beim verlierer ist ja nichts zu holen, pech gehabt u. solltest du wie in D Verluste haben kannst du die nicht mit anderen steuern verrechnen, sondern nur mit evtl. Gewinnen in der Zukunft.

Das wäre ja genauso wie ich leih mir ein Auto fahr es zu Schrott und sag dem Eigentümer, na ja weißt Du, ... ich hab jetzt keine Kohle aber sollte ich in Zukunft welche haben zahle ich Dir deinen Schaden.

bala bala ???!!!

Nee,... ich habe keine Probleme Gewinne so mitzunehmen, und auch verluste selbst zu tragen.

und Aktien wegen der allein wegen dividende zu halten ist ja wegen der Steuer schon uninterressant.


Nein ich warte keine 12 Mon. Herr Eichel lieber die Kohle im Sack als die Hoffnung auf Träume.

OK ...
Gehört zwar nicht ins Gold News Board aber hat mich eben auf den Gedanken gebracht.

TF

[Blecheuro]

Thailaller, Du bringst heute wieder nur Kopien von Dingen, die längst bekannt sind, glaubst Du, wir wären im Urwald?

[Blecheuro]

Jetzt bitte aber mal Pal raus und mit Thai labern!

[GebrderHunt]

Der Große Thai Guru möchte bitte nicht so kindlich sein.

[GebrderHunt]

Es wird auch niemand verhindern wollen, wenn er hier immer alles nur denkbare reinkopiert. Auch wenn es nervt.

[Tippgeber1]

@all

Dass Blechi und Gebr. Hunt identische User sind ist wohl für die meisten jetzt eindeutig und klar. Beide wohnen ja auch direkt nebeneinander. Wer´s glaubt wird seelig.

Blechi schreib doch bitte nicht mehr unter geb. Hunt. Danke.#


Userinfo

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Username: GebrderHunt
Registriert seit: 25.05.2002
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Letztes Login: 11.07.2002 16:08:25
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Userinfo

allgemein
Username: Blecheuro
Registriert seit: 25.05.2001
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Letztes Login: 11.07.2002 14:05:15
Threads: 27
Postings: 1116
Interessen Informationstechnologie





Gruß

Tippgeber

[Tippgeber1]

@Blecheuro

Leider bist Du noch auf keinen einzigen genannten Punkt von Thai eingegeangen. Hier nochmal für Dich zur Erinnerung Thai Posting:

"#1311 von ThaiGuru 11.07.02 01:04:11 Beitrag Nr.: 6.848.804 6848804
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@Blecheuro

Du verdrehst die Tatsachen wie es Dir gerade in den Kram passt.

Du solltest endlich einmal aufhören Mist zu Schwatzen!

Habe zu Beginn dieses Jahres, im Gegensatz zu Dir, Gold die grössere Chance als Silber eingeräumt, und das ist auch so eingetreten, und nicht so wie Du es prognostiziert hast.

Deine ständigen Unkenrufe zum Gold und Goldaktien haben sich die vergangenen 6 Monate als totale Fehleinschätzung der Sachlage erwiesen, dass scheinst Du Deinen Lesern gerne zu verschweigen.

Dass Du mir aber heute hier im Thread von Manfred1_l "Unglaubliche runde +20%", Posting #5, unterstellst, dass ich Gold die grösseren Chancen als Silber einräume, ist eine glatte Lüge, und typisch für einen Schwätzer wie Dich.

Sehr wohl sehe ich einen massiven Silberpreis Anstieg in den nächsten Monaten, und das habe ich auch mehrfach in meinen verschiedenen Threads geschrieben, und dementsprechende Presse, und Insiderberichte gepostet.

Zudem habe ich nie etwas gegen eine Silberinvestition eingewendet, das Gegenteil ist der Fall.

Habe im Gegensatz zu Dir "Blechschwätzer" schon von Anfang an, eben auch in Goldaktien eine grosse Chance gesehen, und den Lesern im Board zum Kauf geraten. Und das hat sich ja sehr gut ausbezahlt, für die Leser, die damals meinen Empfehlungen für Goldaktien gefolgt sind, wie Du eigentlich schmerzlich wissen solltest, da Du damals zu den Tiefstpreisen anscheinen nicht gekauft hast. Du empfiehlst ja meistens Aktien wenn sie schon stark gestiegen sind.

Hier für einen Schwätzer wie Dich, extra nochmals einen Beitrag von mir, den ich bereits im Januar 2002 hier im W Board zum Silber gepostet habe.

Die CDE Gold/silber Aktie besitze ich auch schon längere Zeit, wie Du unschwer aus dem untenstehenden Posting entnehmen kannst. Habe dazu im Januar 2002 auch noch CDE nachgekauft, und auch darüber berichtet.

Du hast damals noch mehrfach in meinen Threads, schwerste Bedenken zu CDE, Hecla, und auch Eco geäussert! Und jetzt lässt Du Deine Leser glauben die CDE sei von Dir entdeckt worden.

Manfreds Kaufempfehlung, die MacMin hast Du andauernd herruntergeredet, von imensem Risiko geschwafelt, und nachdem Du auch mit dieser Einschätzung zu MacMin, total daneben gelegen hast, die MacMin sich bis heute im Preis fast verdreifacht hat, fängst Du an dem Manfred in den Ars.. zu kriechen.

In einigen Wochen wirst Du dann vermutlich, die MacMin Aktie, Deinen Lesern im Thread, als Deine eigene Entdeckung verkaufen wollen?

Du bist und bleibst für mich ein ganz grosser Schwätzer.

Gruss

ThaiGuru

************************************************************
#8 von ThaiGuru 05.01.02 15:26:14 Beitrag Nr.: 5.263.458 5263458
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@alle

Danke für Eure Meinungen und Einschätzungen.

Persönlich habe ich schon seit Januar 2001 in die von mir aufgeführten Minen investiert, und habe kürzlich nochmals *CDE* dazugekauft.

Meine Ueberzeugung ist, dass der Silberpreis und auch der Goldpreis nächstens stark ansteigen werden. Beim Goldpreis bist Du Blecheuro, und auch einige andere interessante Poster, wie ich weiss ja etwas anderer Meinung als ich selbst.

Die Preise für Gold und noch mehr für Silber, wiederspiegeln in keinster weise den Markt, sprich Angebot und Nachfrage, die Charts haben den *Markt* meistens auch nicht wiedergegeben. Wer noch davon überzeugt ist, dass die Charts die echten Marktbedingungen wiederspiegeln, liegt meiner Meinung nach falsch. Um es zu klarifizieren, meine Meinung muss nicht unbedingt die richtige sein, könnte es aber ebensogut sein.

Wenn mann sich vorstellt, dass Silber und auch Gold heute so billig sind, dass es sich für die meisten Silber- und Gold-Produzenten schon gar nicht mehr lohnt diese *Waren*, der Monetäre Wert wird diesen beiden Produkten ja seit langer Zeit von offizieller Seite abgesprochen, zu produzieren.

In den letzten Jahren sind weiss ich wie viele
Silber-und Gold Minen stillgelegt worden, Konkurs gegangen, oder zu Schleuderpreisen eben von der Seite übernommen worden sind, die selbst in die *Marktpreisgestaltung* von Gold und Silber involviert sind. Wisst Ihr eigentlich wer hinter der *Preisgestaltung* von Gold und Silber in London *Fixing* steht? Ja die Deutsche Bank ist auch dabei, ebenso die Rothschilds, die Credit Swiss First Boston bis vor kurzem auch, zur Zeit ist dieser Sitz ein Spielball der Interessen.

JP Morgan Chase Manhatten ist im Gespräch für den Sitz. Diese JP Morgan Chase Manhatten wiederum, wäre meiner Ansicht nach vorübergehend das Ende eines jeden Gold oder Silberpreis Anstieges, da diese Bank selbst die mit Abstand grössten Shortpositionen in Gold und Silber innehat. Die London Base Metal Assosiation *LBMA* hate diese Woche die Lieferzeiten von physischem Silber von 5 auf 15 Tage erhöht, und kurz darauf wieder rückgängig gemacht. Warum wohl denkt Ihr wollen die *LBMA*, ja genau diese Organisation die das London *Preis-Fixing* bestimmt, die Lieferzeiten verlängern??

Hat das eventuell auch etwas mit den seit einiger Zeit stark angestiegenen *Leasingrates*, sprich Mietpreisen, für physisches Silber zu tun, die letzte woche bis auf fast 30% für einen Monat gestigen sind???

Wer bezahlt eigentlich für eine Ware wie Gold oder Silber, die angeblich noch in genügender Menge vorhanden sein soll einen Zins???

Bei Silber von bis 30% für einen Monat, oder 10% für ein Jahr. Das mutet doch etwas seltsam an.

Es ist glaube ich höchste Zeit sich auf ein Silber, und/oder Gold-Engagement einzulassen, am besten in Münzen, oder Barrenform. Minen sind auch gut geeignet, falls mann die Investition auf möglichst viele Titel aufteilt. Alle Minen können nicht Konkurs gehen, auch wenn die Preise weiterhin Manipuliert werden sollten. Wenn zum Beispiel ein Anleger 8-10 Titel kauft und auch nur ein einziger Titel bis zu einem massiven Silber oder Goldpreis Anstieg überlebt, wird dieser Titel, mit grösster Wahrscheinlichkeit die ganze Investition absichern können.

Dass jedoch unter den jetzigen Gegebenheiten im Silber oder Goldmarkt nur ein einziger von 8-10 Minen, die Tiefpreise überleben wird, wage ich stark zu bezweifeln.

Ob der Einstieg in Silber jetzt beim heutigen Preis von 4.66 US $, oder bei 4.30 US $ stattfindet, spielt meiner Meinung nach eine untergeordnete Rolle, wenn mann als Anlagezeitraum 2-3 Jahre veranlagt. Das Ziel für mich persönlich liegt bei einem Preis von mindestens ca.50.- US $ pro Unze Silber.

Das ist der Preis von ende 1979, vor 21 Jahren, als die Silbervorräte noch riesig waren. Heute sind die Silberbestände im Verhältnis zu damals verschwindend gering, und der Verbrauch steigt von Jahr zu Jahr an. Von der Inflationsrate der letzten vergangenen 21 Jahren wollen wir mal gar nicht reden.

ThaiGuru"


Gruß


Tippgeber

[Tippgeber1]

Silber 5,09$
Gold 316,66$

Gruß
Tippgeber

[Blecheuro]

@ Arbeitsgemeinschaft Tailaller - PAL

MEHR HATTE ICH ZUM THAIGELABERER LEIDER NICHT ZU SAGEN:


#1336 von Blecheuro 11.07.02 14:07:53 Beitrag Nr.: 6.852.411 6852411
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Pal, Du solltest schnellstens wieder in deine Schublade gehen, bzw. in die vom Thailaberer. Wer meine Threads nicht lesen will, kann es doch lassen. Heute waren es schon wieder fast 1000. Thailaberer klickt anscheinend nicht mehr so oft auf seine Seite, seit er für ein paar Tage verschollen war. Dafür aber anscheinend jetzt mit Pal. Das wars zu Eurem gemeinsamen Kindergarten. Geht jetzt wieder hin, die Pause ist rum!


#1327 von Blecheuro 11.07.02 11:17:36 Beitrag Nr.: 6.850.938 6850938
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Thailaberer!

Die Goldminen natürlich für die, die es einfach nicht lassen können Afri zu trinken, wie Du!


1322 von Blecheuro 11.07.02 08:50:40 Beitrag Nr.: 6.849.543 6849543
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Thai Guru!

Icvh habe von einer nachgemachten Rolex noch nie eine Rolex nachmachen lassen. Deshalb interessieren mir Deine Kupferein eh nicht, zumal sich diese fast immer auf Afri Cola oder meöldungen beziehen, die mit diesem Board nichts zu tun haben. Macht aber nichts, denn wenn ich draufklicke ist es ja kein Problem drüber weg zu sehen. Deshalb schreibe doch was Du willst und genau so, wie es Dir Spaß macht. Schönen Urlaubstag noch!

1313 von Blecheuro 11.07.02 06:39:45 Beitrag Nr.: 6.849.065 6849065
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Tatsache ist, daß Thai Guru ständig zu dem Metall englischsprachige Texte kopiert, das die schlechtesten Aussichten hat und am risikoreichsten ist. Deshalb müssen die wenigen Thai-Anhänger mir doch einfach zugestehen, daß es sinnvoller ist, weiterhin Coca Cola anstatt Afri Cola zu trinken.

Ich liebe immer nur das Beste, wenn es keine Veranlassung gibt das Zweitbeste zu nehmen.

Zum anderen wundert mich, daß Thai Guru so feinfühlig ist. Das muß er ablegen, sonst wird er es im weiteren leben zu schwer haben

[manfred1_I]

An Blecheuro und Thai Guru

Natürlich kann man auch anderer Meinung als Siegel sein.

Schwerpunkt natürlich auf Gold und Silber. Hierbei
im Moment mein Favorit auch Silber, da die Manipulation
noch weiter gehen kann bei Gold.

Wißt ihr warum die Gold- und Silbermanipulateure nicht
angeklagt werden.
Ich vermute, dass wir dann keine führenden Notenbankchefs mehr haben und auch gewisse Politiker fehlen dann.
Sie sitzen alle im selben Boot.

Bei Gold Schwerpunkt auf Durban (hier kommt man schnell
rein und raus)
Bei Silber: Eigentlich alles einschl. die kleine
Macmin
und denkt an die Barren.

[manfred1_I]

Wenn ich so etwas lese wie nachstehend, dann wird
es mir ganz übel.
Verkauft ruhig weiter euer Gold:

15:51:41 11.07.2002 - SJB: Steigender Goldpreis kein langfristiger Trend

KORSCHENBROICH (dpa-AFX) - Anleger können nach Ansicht des Finanzhauses SJB nicht auf lange Sicht mit weiter anziehenden Goldpreisen rechnen. "Es kann sein, dass die Goldpreise kurzfristig noch weiter steigen", sagte Gerd Bennewirtz, Geschäftsführer von SJB FondsSkyline, am Donnerstag. Aber ein langfristiger Trend lasse sich weder aus der Preisentwicklung noch aus den Fundamentaldaten herauslesen.

Die Ursachen für das große Interesse an Gold liege in der Psyche. "Wenn die Zeiten unsicher sind, steigt offenbar das Bedürfnis, etwas in der Hand zu haben." Dann kauften viele Sachwerte wie Immobilien oder eben Gold. Als Folge hiervon sei der Preis für die Feinunze Gold von 253,30 Dollar Mitte Juli 1999 auf 318,50 Dollar Ende Juni 2002 gestiegen.

GOLDFONDS GEHÖRTEN ZU DEN SPITZENREITERN

"Die Aktien von Goldminen sind mitgezogen mit dem Ergebnis, dass unter den zehn erfolgreichsten in Deutschland zugelassenen Fonds der letzten zwölf Monate per Ende Juni allein sieben Goldfonds waren", sagte Bennewirtz. Der Spitzenreiter, der PEH Q-Goldmines (WKN: 986 366), hat den Angaben zufolge ein Plus von 98,31 Prozent erzielt. Im selben Zeitraum hat der MSCI World Index 26,48 Prozent verloren.

"Viele scheinen derzeit zu vergessen, dass die Goldpreise von über 650 US-Dollar pro Feinunze im Jahr 1980 auf unter 260 Dollar im Jahr 1999 gefallen sind", sagte Bennewirtz. Eine Rückkehr zu alten Höhen sei nicht zu erwarten. "Weder spielt Gold im Währungsgeschehen noch eine große Rolle, noch brauchen es die Notenbanken zur Inflationsbekämpfung."

Vielmehr sei das Gegenteil der Fall: "Weil Gold im Keller keine Renditen erwirtschaftet, haben die wichtigen Notenbanken der Welt für Unternehmer und Führungskräfte begonnen, Gold im großen Stil zu verkaufen." Die Schweizerische Nationalbank habe seit Mai 2000 über 528 Tonnen Gold verkauft. Damals hatte die Bank laut SJB ein Programm zur Veräußerung von 1.300 Tonnen Gold aus Reserven gestartet.

Die Verkäufe fänden im Rahmen einer Übereinkunft von 15 europäischen Notenbanken vom 26. September 1999 statt. "Würden alle Nationalbanken zugleich verkaufen, würden die Goldpreise mit einem Knall implodieren" begründet Bennewirtz die Vereinbarung. So sei auf Jahre hinaus mit einem kontinuierlich hohen Goldangebot auf den Weltmärkten und einer moderaten Preisentwicklung zu rechnen. `ENTWICKLUNG DES FT GOLD MINES INDEX STIMMT SKEPTISCH`

Dies werde auch Auswirkungen auf die Aktien von Goldminen haben, mit denen Investoren in den letzten drei Jahren viel Geld verdienen konnten." Während physisches Gold seit dem Tiefstpreis Mitte Juli 1999 bis Ende Juni um rund 26 Prozent zugelegt habe, seien bei Goldminen Kurssteigerungen von 200 Prozent und mehr keine Ausnahme.

Skeptisch stimme, dass der FT Gold Mines Index, der von Jahresanfang bis Ende Mai noch ein Plus von 63,29 Prozent erzielt habe, trotz stabiler Goldpreise zwischen Anfang und Ende Juni um 18,97 Prozent abgebröckelt sei./mw/sh


Ich muss dem Artikel insofern recht geben, dass ich auch
nicht mit anziehenden Preisen, sondern mit

explodierenden Goldpreisen rechne.

[Blecheuro]

Mit jeder Minute wird mir deutlicher, daß nur SILBER in nächster Zeit anspringen kann. Dies sagen mir die Kursentwicklungen der SILBERMINENWERTE! In den Goldwerten steckt nämlich der WURM! Langfristig werden selbstverständlich ALLE Minen steigen. Nur kann niemand voraussagen, wie lange es noch dauert. Da GOLD nur dann signifikant steigen wird, wenn die Währungen allesamt den Bach runtergehen, kann es mit GOLD noch sehr lange dauern, denn die Politiker haben einen sehr sehr sehr langen Atem. Die geben nicht so schnell auf! Thai Guru wird seöbstverstndlich auch irgendwann Recht haben und zu den Gewinnern zählen, denn er hat auch einen langen Atem. Weiß zwar nicht, wie alt er ist, hoffe dennoch, daß er dann noch atmet!

[niemandweiss]

Blechi, was soll das gleiche hier noch mal ?

[ThaiGuru]

The Afternoon Gold Report...
by Jon Warner

July 11, 2002 (usagold.com)


Spot gold settled higher at $317.20 an ounce in a “tug of war” between bank selling and fresh buying on U.S. dollar weakness and weak equities markets according to Dow Jones. Gold was kept under pressure by a stubborn U.S. dollar. According to analysts, the resilient dollar has held up against the other major currencies. However any renewed dollar weakness combined with weak equities markets could give a boost to gold prices in coming days. Comex Aug gold futures rose to seven-day highs of $318 by late morning Thursday. Increased buying prompted by a weakening in the U.S. dollar and falling equity markets pushed prices higher.

However, according to a Dow Jones report this morning, bank selling piled in to the strength to temper the ascent just ahead of 1200 ET, and prevented prices tripping resting stop-loss buy orders assumed to be in place above recent highs. It was also noted that the bank selling absorbed the dollar-induced buying to push gold below $317 an ounce. Buyers came back into the market to force another wave of buying that temporarily pushed gold prices above the $318 an ounce mark. Bullion dealers expect that further buying could push gold through resistance levels. "Gold came in lower but with the stock market -- the S&P 500 -- coming off you got some buying coming in gold," said a floor broker.

"There is considerable open interest in the $320 strike," said Rhona O`Connell, head of market research at the World Gold Council, in her daily market commentary. "It will be interesting to see how the market trades both on the run-up to expiry and in its aftermath as this will give some guide as to prevailing market sentiment."

London gold was fixed this afternoon at $314.15 an ounce, down from $314.50 an ounce at the morning fixing. But analysts said steep losses in equity markets would provide solid support to gold as an alternative investment in uncertain times. "Excellent support from the physical market continues to provide a solid base at the $310 area with resistance pegged at the $319 level," said Standard Bank London. "We continue to be well disposed towards the metal and believe that a test of recent highs of $330/oz will be seen at some point in the third quarter, as long as the dollar remains weak," said John Reade, metals analyst at UBS Warburg. He added, "The correction in gold has run its course and we expect gold to trade higher, targeting the recent high around $330 an ounce."

Physical demand for gold remains positive, dealers added, and this is likely to provide a fundamental boost to sentiment in the medium to long term.

Spot gold rose Thursday in Asia, as Japanese traders bought the yellow metal on a relatively strong yen, traders said. Japanese trading houses bought spot gold while selling Tokyo Commodity Exchange gold futures, as the yen strength made spot purchases cheaper, said a Tokyo-based trader.

Japan`s top gold retailer said Thursday its gold ingot sales posted a 3.2-fold jump in the six months to June as investors sought a safer haven for their money amid economic uncertainties at home and abroad. "Sales volume of gold ingot in the first half of this year reached 3.17 times higher than last year`s," Tanaka Kikinzoku Kogyo said in a statement, while declining to give the specific volume it sold in the period. "Consumer interest in protecting their assets increased amid worries over the Japanese and world economy, and gold ingot was bought as part of investment portfolios, the Tokyo-based firm said. Sales increased over concerns about the solvency of Japanese banks and geopolitical tensions. [/u][/b]``U.S. equity and dollar weakness is certainly going to help another rally in gold,``[/u][/b] said David Thurtell, who advises on commodities and currencies as an economist at Commonwealth Bank Of Australia. He sees gold recovering from the recent decline, to as much as $335 an ounce. Gold recently traded at $314.75.

Richard Davis who helps to manage Merrill Lynch Investment Managers Ltd. Stated gold miners have spent more than $10 billion on mergers and acquisitions since last year to cut costs and acquire reserves to increase output. ``We expect mergers and acquisitions to continue because some of the larger companies have to maintain their resource base and for that they`ll have to buy small companies,`` Davis said. ``That`s because the gold price is too low to warrant exploration budgets to look for new ounces.``

Obviously this cannibalism cannot continue very long in such a small industry. Gold prices were also driven higher this year by mining companies buying back some of the 500 metric tons of metal they sold in advance in 1999 to lock in prices as gold dropped to a 20- year low of $252 an ounce, Davis said. Demand has increased as a result of the closing of forward sales by the companies, Davis said. ``It represents a major shift in the psychology of the mining industry,`` he said. He also noted that South Africa`s physical gold production last year fell to its lowest level since 1954, curbing supplies of the metal.

Comment: Gold analysts said steep losses in equity markets would provide solid support to gold as an alternative investment in uncertain times. The current uncertainties in the equities markets have given support to gold prices as well as the weak U.S. dollar. A major concern for the markets is the flurry of corporate accounting scandals and criminal activities at the top of the corporate structure. Revelations of corporate scandals are a daily event. As investors become disgusted with the spate of corporate malfeasance and they get over the initial shock when they open their brokerage statements, they are likely to seek out alternative investments such as gold.

Many investors are confused as they listen to financial media pundits who have given rosy market forecasts even while the markets have plummeted. It has become more like a casino where the gambler is ever hopeful of “winning” back those losses with some “lucky” bet. This is a very dangerous market to be “catching falling knives”. It is only a matter of time before the “New Gold Rush” gains significant upward momentum.

- Jon H. Warner -


__________________________
Jon Warner is a professional geologist with nearly 24 years in exploration and project development in both mining and petroleum. Mr. Warner brings to the table an impressive industry contact list, thorough knowledge of the precious metals and energy markets as well as a practical understanding of gold`s role in the private investment portfolio. His strong knowledge in these fields has been demonstrated at the USAGOLD Discussion Forum where he posts on a regular basis as Black Blade.

[niemandweiss]

dieses Bild hatten wir selten

[ThaiGuru]

@niemandweiss

Was Du bist auch noch aktiv um diese Zeit!

Danke für Deine eingestellten Charts, habe davon schon etliche male profitieren können.

Gruss

ThaiGuru

[ThaiGuru]

http://ftd.de/ub/fi/1026225424113.html?nv=hpm

Aus der FTD vom 12.7.2002 www.ftd.de/kredite

Worldcom wird teuer für Deutsche Bank

Von Günter Heismann, Frankfurt

Ihr Engagement beim Telekombetreiber Worldcom wird die Deutsche Bank voraussichtlich teuer zu stehen kommen. Dies triff das Kreditinstitut in einer Situation, in der heimische Insolvenzen belasten.

Auf ihren Kredit an das US-Unternehmen, das sich unter Gläubigerschutz nach Chapter 11 befindet, muss das Institut laut der Nachrichtenagentur Bloomberg eine Risikovorsorge von bis zu 200 Mio. Euro bilden. Analysten wie Georg Kanders von WestLB Panmure hatten zwar mit einer Wertberichtigung gerechnet, sind aber von der Höhe überrascht. Ein Banksprecher wollte die Angaben auf Anfrage nicht kommentieren.

Der faule Großkredit steht in einer Reihe ähnlich riskanter Engagements, die die Ertragsfähigkeit der Deutschen Bank in diesem Jahr nachhaltig gefährden. Wie Deutschlands führendes Kreditinstitut müssen voraussichtlich auch die anderen großen Geschäftsbanken der Bundesrepublik ihre Vorsorge für faule Kredite kräftig über die Planansätze für 2002 anheben.

"Dies wird für die deutschen Banken ein ganz hartes Jahr", sagt Stefan Best, Direktor im Büro Frankfurt der Rating-Agentur Standard & Poor’s. Er schätzt, dass die erforderliche Risikovorsorge zum Jahresende bei unverändert schlechter Konjunktur bei den deutschen Großbanken um bis zu 30 Prozent höher als 2001 ausfallen könnte.

Höhere Risikovorsorge

Die Deutsche Bank sieht für 2002 rund 1,1 Mrd. Euro zur Abdeckung für ausfallbedrohte Kredite vor, nur unwesentlich mehr als im abgelaufenen Geschäftsjahr. Analyst Kanders von WestLB Panmure prognostiziert, dass die Risikovorsorge am Jahresende um rund 20 Prozent höher liegen könnte. Das zweitgrößte deutsche Kreditinstitut, die Münchner HypoVereinsbank, wird den Budgetansatz voraussichtlich um zehn Prozent überschreiten, die Frankfurter Commerzbank laut Kanders voraussichtlich ebenfalls.

Da zugleich die Erträge vor Bewertung und Vorsorge in diesem Jahr sehr dünn ausfallen werden, dürfte es allen deutschen Banken schwer fallen, 2001 operative Gewinne zu erzielen. "Die Herausforderung besteht darin, Verluste zu vermeiden", sagt der Analyst Guido Hoymann von der Frankfurter Privatbank Metzler. Bereits 2001 fiel der Reingewinn der Deutschen Bank um 99 Prozent auf 167 Mio. Euro. Dresdner Bank und Commerzbank erlitten operative Verluste.

Der Deutschen Bank wird unter anderem zum Verhängnis, dass sie mit großzügigen Krediten versucht hat, ihrer Unternehmenssparte Investment Banking Geschäft zu verschaffen. So engagierte sich das Institut im Juni 2001 gemeinsam mit 20 Banken bei Worldcom, um an der hastigen Folge von Akquisitionen zu verdienen, mit der das Management versuchte, einen Weltkonzern zu schmieden. Allein von 1994 bis 1998 hatte das Unternehmen 17 Mitbewerber übernommen.

Heimische Insolvenzen

Überdies machen den deutschen Banken die zahlreichen großen Insolvenzfälle zu schaffen, die jüngst auf dem deutschen Heimmarkt für Schlagzeilen sorgten. Vom Baukonzern Holzmann über die Mediengruppe Kirch bis zum Maschinen- und Anlagenbauer Babcock Borsig stehen die Institute mit hohen Millionenbeträgen im Feuer.



© 2002 Financial Times Deutschland

[ThaiGuru]

July 11 - Gold $317.20 up $2.40 - Silver $5.07 up 6 six cents

Gold, Silver Advance; Shares Bopped

Chase took of the gold capping chores. They were it all day long as gold rallied pennies at a time while the stock market and the dollar were mauled. Even with this noticeable effort to hold down the price, gold managed to kiss the significant resistance levels mentioned yesterday: $318, basis the August contract. Spot closed right below key $317.50.

Hudson River was the featured buyer of the day - probably for a big fund.

Technically, today was a good one for gold as we had an outside day to the upside. That is a lower low than yesterday, a higher high, and a close above yesterday’s high. That is a very constructive development.

The gold chart:

http://futures.tradingcharts.com/chart/GD/82

Gold does not need a lower dollar to explode, but a dollar move below 116 can only be a gold positive. If the dollar does move below 116, it will take out a triple bottom. That would be very bearish. It closed at 116.19, down .38.

The CRB continues to move higher. It finished at 213.08, up .8.

As far as the stock market goes, the shop talk was as follows:

*The PPT was in action. That input did note even come from our crowd.
*The Putnam and Janus funds were running short on cash due to redemptions.

The British and French markets were each tagged about 4%, but our market was brought back from oblivion. All was not good however. While the DOG finally managed a nice gain, the Transportation Index was hit hard, the DOW could not closer higher and the broadest index of all, the Russell 2000, was off ¾% and was weak all day.

Silver continues to steadily grind its way up and continues to play catch up to soybeans.

A great looking silver chart:

http://futures.tradingcharts.com/chart/SV/92

All the ingredients for a gold/silver price explosion are in place. It is only a matter of time before the bad guys get their just desserts.

Interesting piece in today`s UBS Warburg Gold report:

Gold: News: Real estate –

It`s the new gold for wary U.S. investors seeking security in a bear stock market that won`t quit, a study released on Wednesday says. "Much like gold in the 1970s, Americans now appear to be treating the purchase of residential real estate as the investment of choice in times of economic uncertainty," said a study by the Milken Institute, the California think tank funded by the foundation of former junk bond trader Michael Milken. Gold was historically the investor`s shield of choice against inflation and uncertainty, the study said. But the precious metal`s status as a safe haven has been in decline since the 1970s, due to the rise of the importance of oil as a commodity and because central banks have SDbeen willing to manipulate the supply of gold, the study`s authors wrote.

Scandale du jour:

New York, July 11 (Bloomberg) -- Bristol-Myers Squibb Co. said the U.S. Securities and Exchange Commission is investigating whether discounts that boosted sales last year misled investors about the pharmaceutical company`s revenue growth.
Shares of the world`s fifth-biggest drugmaker fell as much as 16 percent. Bristol-Myers cut profit forecasts in April after wholesalers, who had stocked up on discounted drugs, slowed orders to reduce excess inventories that analysts estimated at as much as $1.8 billion. -END-

www.lemetropolecafe.com

[ThaiGuru]

http://www2.swissinfo.org/sde/Swissinfo.html?siteSect=143&ei…

Schweizer Zeit 02:30, Freitag 12.07.2002

Budgetziele einiger EU-Staaten 2002 wohl nicht zu halten

BRÜSSEL

Die Finanzminister des Eurolandes haben zum ersten Mal eingeräumt, dass die Budgetziele in einigen Ländern im laufenden Jahr wohl nicht mehr einzuhalten sind. Dies liege teilweise am verspäteten Wirtschafts-Aufschwung.
Dies teilten die Minister in der Nacht in Brüssel mit. EU-Währungskommissar Pedro Solbes erklärte, die Defizite seien zu hoch. Es müsse das Nötige gemacht werden, damit 2003 oder 2004 nahezu ausgeglichene Budgets erreicht würden. Die Minister bekannten sich zu einem Budgetausgleich spätestens 2004.

Portugal, wo für das vergangene Jahr eine überhöhte Neuverschuldung von fast vier Prozent vom Bruttoinlandsprodukt (BIP) droht, sicherte zu, bis Ende des Monats eine genaue Zahl nach Brüssel zu übermitteln. Die Kommission will ein Defizitverfahren gegen Portugal einleiten, falls sich ein überhöhtes Defizit offiziell bestätigt.
Auch Italien, Frankreich und Deutschland haben noch keine ausgeglichenen Budgets.

Der italienische Finanzminister Giulio Tremonti sicherte laut Solbes zu, dass Italien - wie schon früher zugesagt - bereits im kommenden Jahr einen nahezu ausgeglichenen Budget erreichen wird. Frankreich, wo im laufenden Jahr ein Defizit von 2,6 Prozent vom BIP erwartet wird, legte noch keine endgültigen Zahlen vor.

Nach dem Treffen der zwölf Finanzminister aus den Euro-Staaten werden nun heute alle 15 EU-Finanzminister in Brüssel zusammenkommen. Dabei werden sie unter anderem über die fest gefahrenen Verhandlungen mit der Schweiz zum gemeinsamen Vorgehen gegen die Steuerflucht sprechen. Die EU will bis Jahresende eine Vereinbarung unter Dach und Fach bekommen. Die Schweiz beharrt bisher auf der strikten Beibehaltung des Bankgeheimnisses. 120127 jul

12.07.2002 01:28, SDA-ATS

[ThaiGuru]

http://www.faz.net/IN/INtemplates/faznet/default.asp?tpl=faz…

Aktienmärkte weiter auf Talfahrt

Aktienmärkte auf Talfahrt / SAP verlieren bis zu 20 Prozent / Pharma- und Finanztitel unter Druck


mtr./kpa.

FRANKFURT, 11. Juli. Die europäischen Aktienmärkte setzen ihre Talfahrt in unverminderter Geschwindigkeit fort. Am Mittwoch kam es abermals zu deutlichen Einbußen. Der Euro Stoxx 50 ermäßigte sich bis zum Abend um 3,5 Prozent auf 2879 Punkte. Der Deutsche Aktienindex Dax verlor 1,7 Prozent auf 4118 Punkte. Dabei belastete besonders der Kurseinbruch bei SAP um zeitweise bis zu 20 Prozent auf 70 Euro den Index. Der Softwarekonzern hatte eine Umsatzwarnung herausgegeben und wird wohl zum ersten Mal in diesem Quartal in die Verlustzone geraten.

Der Handel in Europa wurde vor allem durch die negativen Vorgaben aus Amerika belastet. Dort waren am Mittwoch die Kurse auf neue langjährige Tiefstände gefallen. Maßgeblich dafür war die Aufnahme staatsanwaltschaftlicher Ermittlungen gegen das angeschlagene Telekomkonzern Qwest. Sowohl der breitgefaßte S&P 500-Index als auch der Index der Technologiebörse Nasdaq schlossen am Vortag auf dem niedrigsten Stand seit fünf Jahren. Am Donnerstag wurde die Wall Street zunächst durch die Meldung belastet, daß die Behörden gegen das Pharmaunternehmen Bristol-Myers-Squibb informelle Untersuchungen aufgenommen haben. Der Dow Jones gab 1,7 Prozent nach. Das fünftgrößte Pharmaunternehmen der Welt steht unter dem Verdacht, seinen Vorjahresumsatz um eine Milliarde Dollar aufgebläht zu haben. Bristol-Myers-Squibb bestätigte die Untersuchungen. Der Titel verlor zeitweise 10 Prozent. Auch die Diskussion um Hormonersatzpräparate und die mögliche Lockerung von Beschränkungen für Generika in den Vereinigten Staaten drückten die Aktienkurse dieser Branche. Schering büßten nach den kräftigen Verlusten am Vortag nochmals fast 8 Prozent ein. Zu den großen Tagesverlierern gehörten auch die Versicherungswerte. Dafür war eine Verkaufsempfehlung von Merrill Lynch für die Aktien der Münchener Rück und der Schweizer Rück maßgeblich. Bankaktien lagen auch deutlich schwächer.

Die Kursverluste führen dazu, daß die Indizes ihre aus technischer Sicht wichtigen langjährigen Aufwärtstrends bereits unterschritten haben oder kurz davorstehen. So hat der Dow-Jones-Index am Mittwoch mit einem Schlußstand von 8813 Punkten die seit 1982 andauernde Aufwärtstrendlinie von 8900 Punkten nach unten durchbrochen. Der S&P 500 hatte bereits Mitte Juni den seit 1982 geltenden Aufwärtstrend von 1040 Punkten hinter sich gelassen und befindet sich in der Nähe des seit 1987 andauernden Aufwärtstrends von 925 Punkten. Auch der Dax ist dem seit 1982 gültigen Aufwärtstrend von 3900 Punkten nahe.

"Angesichts der hohen Abwärtsdynamik ist nun abgesehen von möglichen kurzfristigen Zwischenerholungen mit weiteren Kursverlusten zu rechnen", sagt Heinz Stork vom Maklerhaus Nols. Die Schwankungsbreite der Aktienkurse hat zuletzt deutlich zugenommen, was der Anstieg des V-Dax auf rund 40 Punkte zeigt. Einen ähnlichen hohen Wert hatte er zuletzt im September 2001 erreicht. Der V-Dax zeigt an, mit welchen Schwankungen des Dax die Marktteilnehmer im Schnitt für die nächsten Monate rechnen. Von einem nachhaltigen Unterschreiten wichtiger Trends sprechen technische Analysten jedoch erst, wenn der Schlußstand eines Index an drei aufeinanderfolgenden Tagen den entsprechenden Wert um 3 Prozent unterschritten hat. Falls dies eintreten sollte, dann dürften durch das Auslösen von Stopp-Loss-Orders weitere Kursverluste drohen. (Weiterer Bericht Seite 24.)

Frankfurter Allgemeine Zeitung, 12.07.2002, Nr. 159 / Seite 23

[ThaiGuru]

!! Dringende Warnung an alle Leser dieses Threades !!

Der Welt Börsen Crash ist im vollen Gange!

Selbst solche "Blue Chips" wie die schweizer Aktien von "Zürich", "Swiss RE", "CS ", "UBS", "Nestle",
"Rentenanstalt", etc. gaben auch gestern wieder stark nach.

"ZURICH FINL" verlor gestern unglaubliche 18.92% an Wert!

"Rentenanstalt N" verlor 10,12%.

"CS Group" Bekannter unter dem alten Namen: Schweizerische Kredit Anstalt, die zweit grösste CH Bank, verlor 7,44%.

Als ich vor ca. 2 Monaten in diesem Thread darüber informierte, dass die "CS Group" sehr wahrscheinlich massiv überbewertet sei, und die Bilanzen überbewertet seien, stand der Kurs noch bei ca. 61.- CHF, gestern sind davon noch 39.80 CHF übrig geblieben. Tendenz weiter fallend, auch wenn es technisch bedingt nochmals kurz höher gehen sollte, es wird höchst wahrscheinlich weiter runter gehen.

Wer nicht zuwarten will bis der Endcrash an den Aktienmärkten einsetzt, sollte jetzt dringend handeln.

Die meisten Fonds sind natürlich ebenso vom Crash beroffen, auch wenn Euer Bankberater das Gegenteil Behaupten sollte.

Gold und Silber Fonds, Hingegen bleiben empfehlenswert!

Ich warne auch ausdrücklich davor in Anleihen umzuschichten, was jetzt viele Anleger gerade tun.
Das könnte sich in Zukunft als totale Fehlentscheidung erweisen. Argentinien lässt grüssen!

Gold und Silber strong buy!

Aber physisch, kein Papier Gold/Silber Zertifikat, oder Edelmetallkonto!

Wer immer noch nicht an Gold und Silber glaubt, sollte wenigstens in`s Bargelg gehen!

1. Schweizer Franken

2. Euro (Nicht unbedingt mein persönlicher Geschmack)

oder als exotische Alternative in

3. United Arab Emirates Dirhams


Gruss

ThaiGuru

[Tippgeber1]

@Blechi

Hochmut kommt vor dem Fall lieber Freund Und der fall kann tief sein.

Du schreibst:"Thai Guru wird seöbstverstndlich auch irgendwann Recht haben und zu den Gewinnern zählen, denn er hat auch einen langen Atem"

Ich stelle fest, dass der User ThaiGuru konsequent bei seine Strategie und Meinung bleibt und nicht nahezu tagtäglich wie Du umschwengst wie es Dir gerade in den Kram paßt. Exakt das hatte Dir Thai Guru zu recht vorgeworfen?

Schämst Du Dich gar nicht Dir bei ihm Rat zu holen und ihn jetzt in den Rücken zu fallen? Mir wäre an Deiner Stelle speiübel.


Kaum, dass die Kurse steigen, flippst Du aus. Du schreibst z.B.: "Mit jeder Minute wird mir deutlicher, daß nur SILBER in nächster Zeit anspringen kann"
Also lieber Blecheuro Du scheinst Dich für Nostradamus oder ähnlichen zu halten- wie kann man derart unseriöse Vorhersagen wagen? Ich weiß noch gut, wo Du geschrieben hattest, der Aufstieg dürfe nicht zu stark sein. Jetzt wo der Aufstieg zu schnell geht, ist davon freilich bei Dir natürlich nicht mehr die Rede- nach dem Motto, was kümmert mich mein Geschwätz von gestern....

Aber genau dieses unseriöse Geschwätz, hat ThaiGuru aus meiner Sicht zurecht angesprochen. Geht der Kurs wieder runter, verkriechst Du Dich wieder in Deinem Loch und läßt Geb.Hunt wieder mal auf der Bildfläche erscheinen. Oder doch wieder im Urlaub? Könnten Sie schizophren sein? Da könnten wir was empfehlen-ThaiKlinik

Für wie blöd hälst Du eigentlich die anderen User(manfred etc.)?


Ich schätze durchaus Deine Arbeit, aber was Du Dir gegenüber Thai(der Dir stets geholfen hatte) geleistet hattest, ist ein Stück aus dem Tollhaus.


Wie ich bereits vorher ausführte. Hisse die weiße Flagge, entschuldige Dich bei ThaiGuru und zeige mal, dass Du kein Schwätzer bist, sondern noch Anstand hast.


Dir weiterhin alles Gute



Gruß

Tippgeber

[tamara93]

@ tippgeber

Du hast absolut recht, wir suchen hier Informationen und keinen gehaltlosen, polemischen bla, bla, das wäre vielleicht etwas fürs wallstreet sofa.

Mehr Sachlichkeit bringt viel und macht die Threads lesenswert.

Wer intelligent genug ist kann und sollte sich über jede Info seine eigene Meinung bilden

[Blecheuro]

@ Tippgeber

All das was Thai Guru in seinem Posting Nr.1352 wieder bläst, erzähle ich Euch seiit Monaten, zuletzt vor wenigen Tagen. Ganz deutlich habe ich Euch geschrieben, das wir allesamt in der SCHULDENFALLE sitzen. Und das zieht logischerweise all diese Dinge nach sich. Wenn ein Unternehmen in der Schuldenfalle sitzt, kann auch der Aktienkurs nur zurückgehen und es besteht sogar die Gefahr, daß der Laden dicht macht. Und daran wird sich in absehbarer Zeit, wie ich ebenfalls geschrieben habe, nichts ändern. Wir haben es mit einer ganz anderen und besonders den Jungbankern absolut unbekannten Situation zu tun. Gewinner werden die Edelmetalle, vornehmlich SILBER sein! Aber bei dieser Gelegenheit zu den australischen Minen. Heute sind diese nahezu umsatzlos. Dominion z.B. Null Umsatz!

[Tippgeber1]

@Blecheuro

Ist das ernsthaft Deine Erklärungen auf meine Fragen und Feststellungen? Du scheinst mir nicht mehr ganz frisch in der Birne zu sein guter FreundBlechi was ist los Sand im Getriebe?

Du erzählst uns von CDE und das hat richtigerweise bereits Thai im Januar 2002 empfohlen.Du bist auf den Zug viel später aufgesprungen nicht umgekehrt.

Was erzählst Du uns von Deiner Schuldenfalle. Nun werde mal etwas konkreter. Beziehst Du das auf Enron, Tyco etc. oder aber auf das US-Handelsdefizit oder weißt Du es selber schon nicht mehr?

Ist das ernsthaft Deine Begründung für die Kursrückgänge?

Machst Du es Dir da nicht ein wenig zu einfach großer Meister? Und behauptest Du ernsthaft, dass Du wieder alles gesehen hattest?

Wenn Du alles weißt, warum kaufst Du immer bei höchsten Kursen und nicht so wie ThaiGuru bei niedrigen Kursen? Du weißt doch alles?

Hier für Dich mal meine Erklärungen für die jetzigen Kursrückgänge. Wenn Deinen These(nicht bewiesene Behauptung) stimmen würde, dass die Schuldenfalle an allem Schuld ist, dann wundert es doch sehr, warum nicht schon vor zwei Jahren zu Beginn der Baisse Gold und Silber stark gestiegen sind. Aber dafür wirst Du wahrscheinlich auch wieder eine Erklärung haben, wie wir alle Dich kennen?

Mich wundert sowieso, warum Du schon jahrelang dabei bist und Verluste hast, wenn Du doch immer alles vorher schon gewußt haben willst? Warum bist Du nicht viel später eingestiegen? Ist es nicht viel mehr so, dass jeder irgendwann mal Recht hat auch ein Blecheuro

Zurück zu den Gründen für die Baisse- schon mal was von Vertrauensverlust der Anleger gehört? Schon mal was von Vertrauensverlust der Anleger gegenüber Unternehmen, Bankern, Analysten wahrgenommen? Schon mal Enron, MCI oder Tyco gehört? Oder hier in Deutschland mal die Mängel des kommenden 4.Finanzförderungsgesetz analysiert? Keine Managerhaftung und keine Beweislastumkehr. Auch die SEC in Amerika sieht nicht gut aus, will jetzt aber die Manager etc. eidesstaatliche Unterschriften mehr verpflichten als bisher. Hier gilt es aufzuräumen und das zentrale Thema Vertrauen der Anleger zurückzugewinnen entsprechend umzusetzen.

Erst wenn das wieder hergestellt ist, kann man mal über steigende Kurse diskutieren.


80% ist Börsenpsychologie und die hängt unmittelbar mit dem Vertrauen der Anleger zusammen, lieber Blecheuro.

Schulden gab es früher auch schon und niemanden hat es interessiert bzw. gestört. Die KGV´s waren astronomisch und niemanden hat es interessiert. Je höher das KGV, deso mehr Wachstum schien die Aktie zu haben...

Nein, Dein Argument platt allgemein hier zu sagen

S C H U L D E N F A L L E

ist zu wenig und nur ein winziger Mosaikstein.



Du vergißt auch, neben den erwähnten Gründe für die Baisse und die damit einhergehende Konsumschwäche, dass es weltweit zahlreiche kriegerische Auseinandersetzungen gegeben hat und weiterhin geben wird. Beispiel: Israel, Anschlag auf Amerika, Krieg in Afghanistan oder die Auseinandersetzung zwischen Indien und Pakistan. Das scheint Dir auch neu zu sein. Du reduzierst alles auf oben genannten Begriff.

Schauen wir uns Dein Zitat nochmal an:

"Ganz deutlich habe ich(hört hört,der Meister mit seinen Nußecken ) Euch geschrieben, das wir allesamt in der SCHULDENFALLE sitzen. Und das zieht logischerweise all diese Dinge nach sich. Wenn ein Unternehmen in der Schuldenfalle sitzt, kann auch der Aktienkurs nur zurückgehen und es besteht sogar die Gefahr, daß der Laden(damit meint er Unternehmen ) dicht macht"


zieht diese Dinge nach sich... Was soll das heißen? Wenn ich die Tür auflasse, zieht es auch irgendwie etwas nach sich

Dein Geschwätz soll uns ernsthaft erklären, dass n u r die Schuldenfalle an allem Übel Schuld sein soll?
Soviel Unsinn habe ich überhaupt noch nie gelesen. Jeder Volkswirtschaftstudent im ersten Semster weiß da mehr.


Was Du da "verzapfst" ist schlicht NONSENS , wie soll man ansonsten derartige Unvollkommenheiten anders interpretieren?


Bei jemanden wie Dir, der sich für den Größten hält, muß man anderes verlangen können.

Grundvoraussetzungen für Deine abenteuerlichen Meinungswechsel sollten wenigstens einhergehen mit wirtschaftlicher Kompetenz. Die vermisse ich aber in jeden Deiner Sätze.

Du erinnerst mich stark an den Bäckerburschen FRICK. Bei Dir fehlen nur noch die 0190 Nummern
Merke: Blechi puscht 10 Werte am Tag und irgendeine Gewinneraktie ist dann meist immer dabei.

Fazit: Mensch Jung, das war ja gar nichts. Du taumelst im Ring hin und her und suchst verzweifelt die Ecke Das kommt davon, wenn man zuviel bechert und ständig die Seiten wechseln will
Entscheide Dich doch auch mal zwischen Geb.Hunt oder Blecheuro? Teile uns dann Deine Entscheidung alsbald mit.
Dank vorab.


Dir weiterhin alles Gute


Gruß
Tippgeber



P.S. Du hast wohl zudem den Ehrgeiz Thai´s Thread bezüglich der Anzahl der Postingbeiträge zu überholen was Blechi Komisch finde ich es dann nur, wenn 500 User bei WO online sind und 1000 User plötzlich zugegriffen haben sollen. Das ist immer sehr lustig

[tia]

könnt Ihr mir bitte einen guten (für kurzfristig) Goldput sagen?
Danke

[Blecheuro]

@Kleingeist Tipgeber

Wenn die der deutschen Sprache mächtig wäörest, hättest Du bemerkt, daß ich CDE zwischendurch als nochmaligen Tipo für SPÄTZÜNDER gegeben habe.

Ihr solltet Euch endlich einmal darübver einig werden unter welchem Namen Ihr posten wollt. Unter Thaikopierer, Thaibabbeler, Vertipper oder was auch immer.

Zum anderen würde ich vorschlagen und das werde ich auch tun, daß es für den Fall, daß es möglich sein sollte jedem eingewählter Boardteilnehmer nur einmal möglich ist, auf der jeweiligen Seite registriert zuu werden. Daran können wir dann erkennen, wo die Pappnasen stecken. Thaibabbeler war zumindest bis zu seiner letzten Abwesenheit eine Pappnase!

Im übrigen werde ich mit Dir, Tippverdreher, als Patenonkel vom Thaikopierer keine Gespräche mehr führen. Vielleicht später wieder, wenn nicht mehr in den Kindergarten geht

[schmithi]

@ All

Kann die Diskussion jetzt wieder sachlich werden oder kann ich den Thread aus meinen Favoriten entfernen?

Gruss
Schmithi

[Wavetrader]

Wie wärs, wenn ihr einen Extra-Thread auf macht "Die gelungenen und misslungen Empfehlungen der Goldboard-User" und die Streitereien, die sich seit einiger Zeit durch viele Threads ziehen, dorthin auslagern.

Damit würdet ihr der Seriosität des Goldboards einen großen Gefallen tun. Denkt auch an die Außenwirkung gegenüber den vielen passiven Mitlesern, die sich für persönliche Feden einzelner aktiver User in der Regel nicht interessieren.

[ThaiGuru]

@tia

Geh auf http://quotes.ubs.com/quotes/X0=25/X1=sHoMtfl7vcXKANGVdDSiJb…

Da kannst Du Dir aus grossem Sortiment einen aussuchen!

Viel Glück!

Gruss

ThaiGuru

[tia]

Danke Thaiguru!

[tia]

...und wie finde ich bitte die WKN dazu?

[ThaiGuru]

@Alle

Für diejenigen unter den Lesern die, wie ich selbst von einer zukünftigen positiven Preis-Entwicklung, von Gold und Silber überzeugt sind empfehlen sich diese beiden Links:

Silber Calls Auswahl:

http://quotes.ubs.com/quotes/X0=25/X1=sHoMtfl7vcXJ16UfJJSeNB…

Gold Calls Auswahl:

Auf der Seite der Silber Calls, den Link für Gold Calls verwenden.


Gruss

ThaiGuru

[Blecheuro]

qtia

PUTS auf GOLD (EURO) Anzahl: 5 Treffer 1 - 5


WKN Emittent Basis-
preis Währ-
ung Fälligkeit Bez.-
Verh. Geld-Kurs Brief-Kurs Zeit Datum Omega Spread
(homogen.) Implizite
Volatilität
(Brief)






















696044 Deutsche Bank 280,00 EUR 31.10.02 0,100 0,010 0,030 10:51 12.07.02 -28,15 0,20 17,33%
761160 Dresdner Bank 300,00 EUR 12.12.02 0,100 0,280 0,360 10:51 12.07.02 -15,07 0,80 19,56%
761161 Dresdner Bank 280,00 EUR 12.12.02 0,100 0,060 0,140 10:51 12.07.02 -18,14 0,80 20,55%
761162 Dresdner Bank 260,00 EUR 12.12.02 0,100 0,010 0,090 10:51 12.07.02 -17,58 0,80 24,32%
696043 Deutsche Bank 250,00 EUR 31.10.02 0,100 0,010 0,020 10:51 12.07.02 -20,63 0,10 24,61%

[tia]

danke Blecheuro, suche mehr kürzer laufende Optis mit gutem Delta, aber wie ich sehe, seid Ihr mehr bullish..

Thaiguru@ der Spread bei den Optis von UBS ist ja riesig, sag, aber wie komm ich zu einer WKN z.B. von
Gold Call A1 310 29.07.2002 7.05 10.05 11:22:00 ??

[ThaiGuru]

http://www.neftegaz.ru/english/lenta/show.php?id=25472

Russian Gold Reserves Fall

12.07.2002 09:03

Russia`s foreign currency and gold reserves fell to $42.0 in the five days to July 5th, the central bank said in a statement faxed to news agencies.

The reserves declined $400 million from July 1st, the bank said. The bank changed its method for calculating its reserves beginning July 1st by excluding the effects of short-term operations.

That meant that the reserves stood at $42.4 billion on July 1st, compared with $43.6 billion under the old method of calculation.

The reserves had risen $6.3 billion in the previous thirteen weeks, according to the old methods, after expanding $8.7 billion during the whole of 2001.

[Neftegaz.ru]

archive of news | next | previous

[ThaiGuru]

http://www.mbendi.co.za/a_sndmsg/news_view.asp?P=0&PG=11&I=3…

Gold Fields affirms faith in Mvelaphanda

Mvelaphanda Resources Limited, (Mvela) said today that it has, subject to approval by its linked unit holders before 15 September 2002, secured participation rights of up to 15% in mining giant Gold Fields Limited`s precious metals exploration projects in Africa with
effect from 1 March 2002.

The rights acquired by Mvela are exercisable at the time a decision is taken to mine, will be subject to whatever third party consents may be required, and relate to any project in which Gold Fields secures any right, title or interest to prospect for precious metals, or to participate in the financing, construction, development or operation of any precious metals mine in Africa after the effective date.

Mvela will, in consideration for these participation rights, issue to Gold Fields (or its nominee within the Gold Fields group) unlisted options to subscribe in tranches for linked units in Mvela. The strike price applicable to each tranche will be at a ten per cent premium to the five day weighted average price at which the linked units have traded on the JSE Securities Exchange South Africa immediately prior to the issue. The number of options to be issued to Gold Fields will, in relation to the first tranche, be determined by dividing R10 000 000,00 by the applicable strike price and, in relation to subsequent tranches, be determined by dividing one half of the amount incurred by Gold Fields on relevant exploration projects by the applicable strike price. All options are exercisable by Gold Fields at any time prior to their second anniversary of issue.

Commenting on the deal, Mvela Chairman Tokyo Sexwale said, "The deal gives Mvela - and its linked unit holders - access to local and international exploration opportunities in alliance with a forward-thinking global precious metals giant. At the same time, the deal signifies a clear intention by Gold Fields to participate in Mvela, reaffirming its confidence in our company and our strategy."

Sexwale added, "It has always been our intention to develop Mvela into a pre-eminent African mining and resource company. Gold Fields has built up an excellent reputation in Africa. This transaction provides for Mvela the opportunity to gain access to Gold Fields`s proven geological expertise and technical skills."

Gold Fields Chief Executive Officer, Ian Cockerill, said that he was pleased to be forging a closer partnership with Mvela. "Mvela has built up significant stakes in some of South Africa`s premier mining assets and has demonstrated itself to be a significant empowerment player in the resources sector. With this deal we reaffirm our commitment to empowerment and to the transformation of the South African mining industry."

Mvelaphanda Resources is the first black-controlled South African company to list in the resources sector of the JSE Securities Exchange South Africa (JSE). It holds significant interests in Northam Platinum and Trans Hex. Since its listing in February Mvela has concluded a joint venture prospecting agreement with De Beers. Mvela has also secured a 50% interest in the exploitation of certain significant PGM properties adjacent to the Messina lease area with Southern Era.

Gold Fields is one of the world`s largest precious metals companies and produces approximately 4.5 million ounces of gold annually from operations in South Africa, Ghana and Australia. The company has proven and probable reserves of approximately 84.5 million ounces. It also has a 51% stake in an advanced stage exploration project, the Arctic Platinum Partnership, in Finland. Gold Fields trades on the Johannesburg and New York Stock Exchanges (GFI) as well as on the London, Paris, Brussels and Swiss exchanges.

For any queries contact: For Mvelaphanda - Richard Shead, Tel [phone]; For Gold Fields - Willie Jacobsz, Tel [phone].

[ThaiGuru]

http://www.mbendi.co.za/a_sndmsg/news_view.asp?P=0&PG=11&I=3…

Thistle Mining secures long term mining licence in South Africa

Thistle Mining Inc. is pleased to announce that it has been granted 2 new long-term mining authorizations (No`s 8/2002 and 9/2002) from the Department of Minerals and Energy ("DME") of the Republic of South Africa. These authorizations are valid until July 9, 2015 and replace the existing three-month, renewable mining authorizations (issued in 2000) under which Thistle`s mines have operated to date.

Although these authorizations are valid until 2015 under existing South African Law, the new South African Mineral and Petroleum Resources Development Bill, when enacted (expected by year`s end) will require Thistle`s operating subsidiary to apply within 5 years to convert its new authorizations into new 30 year mining rights. In its application Thistle must demonstrate its plans and strategies to fulfill the social objectives of this new legislation including social upliftment and black empowerment.

"We regard the granting of these new mining authorizations as a major step in realizing our immediate objectives for the South African operations" said Willie McLucas, President and CEO of Thistle. "We look forward to working with our South African colleagues and officials of the DME over the next few years to make Thistle`s operations a leader in accomplishing the social objectives of the new mining laws of South Africa".

FORWARD-LOOKING STATEMENTS

This press release contains certain forward-looking statements with respect to Thistle`s business, financial condition and results of operations, including, without limitation, statements concerning strategic plans, anticipated production, financing plans and other events and circumstances described in terms of the company`s expectations or intentions. Use of the words "anticipates," "believes," "estimates," "expects," "intends," "plans" and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those expressed or implied by these forward-looking statements. All of these forward-looking statements are based on estimates and assumptions made by thistle`s management which, although believed to be reasonable, are inherently uncertain and may not prove to be correct. Therefore, undue reliance should not be placed on these estimates and statements. Thistle cannot assure an investor that any of these estimates or statements will be realized and it is likely that actual results will differ materially from those contemplated by these forward-looking statements.

For further information: Willie McLucas, President and Chief Executive Officer, Thistle Mining Inc., + 44 7836 638912; Harvey McKenzie, Chief Financial Officer, Thistle Mining Inc., [phone]; Smithfield Financial, Mark Woolfenden/Rupert Trefgarne, Thistle Mining Inc., [phone]; Neil Murray-Lyon, Renmark Financial Communications Inc., [phone], Fax : [phone]; Sylvain Archambault, Renmark Financial Communications Inc., [phone], Fax : [phone]; Media Contact: Dominic Sicotte, Renmark Financial Communications Inc., [phone], Fax : [phone].

[ThaiGuru]

@Tia

Die deutsche WKN, ISIN Nummer, etc. findest Du ebenfalls auf der UBS Homepage, mittels der dortigen Suchfunktion.

Gruss

ThaiGuru

[ThaiGuru]

http://www.reuters.com/news_article.jhtml;jsessionid=YGGH2SM…

Ouch! Investors Lost $2.4 Trillion in `02

NEW YORK (Reuters) - A stock rout this year has erased $2.4 trillion in market value, representing almost one-quarter of the U.S. gross domestic product, as waves of accounting problems, executive skullduggery and profit warnings have pounded Wall Street`s confidence.

The Wilshire Total Market Index .TMW , the broadest index for the U.S. equity market, closed at its lowest point in almost 4 years on Wednesday and has tumbled more than 18 percent so far this year.

The decline is worth more than Germany`s gross national product, a measure of the dollar value of all goods and services produced in that country plus income from abroad. U.S GDP, which measures the value of goods and services produced within the United States, is about $10 trillion.

But for all the doom and gloom, some see recent sharp declines as good news.

"It`s going back to a more normal level. During the speculative bubble, it (the Wilshire index) was (valued at) almost 2 times GDP," said Edgar Peters, chief investment officer for Panagora Asset Management, which manages $13 billion. "But it`s pretty much run its course, despite all the pessimism. When that dissipates in the next few months, it will be a good buying opportunity for those who have the fortitude."

The Wilshire index measures the stock performance of all U.S.-based companies. It had traded down 9.45 points, or 0.11 percent, at 8,706.93 at mid-morning on Thursday.

On Wednesday, the index closed at 8,716.38, giving it a value of $10.4 trillion. That was the lowest close for the market measure since Oct. 8, 1998, when the Wilshire 5000 ended the day at 8,620.80. It also is a new low since the market peaked on March 24, 2000.

Since the Wilshire`s all-time high, the market gauge has tumbled about 41 percent, reflecting a loss of nearly $7 trillion in market value.

[ThaiGuru]

http://www2.swissinfo.org/sde/Swissinfo.html?siteSect=143&ei…

Schweizer Zeit 13:02, Freitag 12.07.2002

Fast 10 000 Pleiten in Japan im ersten Halbjahr

TOKIO - In Japan sind in den ersten sechs Monaten dieses Jahres fast 10 000 Unternehmen Pleite gegangen. Die Zahl der Firmenzusammenbrüche stieg im Vergleich zur gleichen Vorjahresperiode um 4,7 Prozent auf 9872.

Die meisten Unternehmen wurden Opfer der Wirtschaftskrise und des Preisverfalls. Dies teilte die Kreditforschungsagentur Teikoku Databank mit.

Die von den Unternehmen zurückgelassenen Verbindlichkeiten stiegen um 3,2 Prozent auf rund 7,4 Billionen Yen (94 Mrd. Fr.) Euro). Das ist der zweithöchste Betrag bezogen auf die erste Hälfte eines Jahres in der Nachkriegszeit.
Hintergrund seien mehrere grosse Pleiten von börsennotierten Unternehmen wie der Baufirma Sato Kogyo. Der bisher höchste Schuldenstand mit 9,2 Billionen Yen war 1999 erreicht worden.
Bezogen allein auf den Monat Juni ging die Anzahl der Pleiten in Japan indes um 9,5 Prozent im Vergleich zum Vorjahresmonat auf 1415 Fälle zurück und damit im nunmehr zweiten Monat in Folge, hiess es. 120739 jul

12.07.2002 07:40, SDA-ATS

[ThaiGuru]

http://www.snb.ch/d/aktuelles/index.html? file=pressemit/con…


Auszug: Aus der Medienmitteilung vom 11. July 2002


Ausweis vom 10. Juli 2002



Gold und Forderungen aus Goldgeschäften

31`260`000`000.9 CHF

Veränderungen seit dem letzten Ausweis

-136`000`000.-

*****************************************************************************************************************************************************

Jetzt haben wir es wieder schwarz auf weiss!

Die SNB macht mit dem "toten" Kapital Gold, Geschäfte!

Aber genau was für welche Geschäfte sie tätigt, und mit wem, gibt sie leider nicht bekannt. Das wird sie vermutlich bestimmt auch nicht tun, falls sie von der Politik nicht dazu gezwungen wird?

In der englischen Fassung der Presse Mitteilung verwendete die SNB das englische Wort *lending" was auf deutsch *Verleihen* heisst!

"The Swiss National Bank(SNW) gave report on its gold reserve on Thursday, reporting that its gold and gold lending reserve was down by 136.0 millions francs to 31,260.9 millions francs from June 28 to July 10."

Alles Klar ???

Gruss

ThaiGuru

[ThaiGuru]

http://quote.bloomberg.com/fgcgi.cgi?mnu=news&ptitle=Mining%…

Mining News

Fri, 12 Jul 2002, 4:42pm EST

Placer Dome Extends Offer for AurionGold to Aug. 7

By Jason Gale


Vancouver, July 11 (Bloomberg) -- Placer Dome Inc., aiming to be the world`s No. 5 gold miner, said it extended its $844 million bid for AurionGold Ltd. by two weeks as it tries to win control of Australia`s largest independent producer of the precious metal.

Placer said the new Aug. 7 deadline gives AurionGold shareholders time to consider the value of its share offer after the Canadian company is removed from the S&P 500 Index after the close of trading on July 19.

The index changes may result in a ``short-term`` decline in the shares of Placer and other companies removed from S&P 500 Index, Placer said in a statement filed with the Australian Stock Exchange. ``Losses are nearly fully recovered by the sixth day after the change is made effective,`` Placer said, quoting Standard & Poor`s, which compiles the index.

Placer may have to raise its offer, including offering cash, if it wants to buy Sydney-based AurionGold and boost gold output by a third, some investors have said. The Australian company`s shares are trading about 8.8 percent higher than Placer`s bid.

Vancouver-based Placer Dome`s bid values AurionGold at A$3.42 ($1.91) a share, compared with A$4.51 the day it was announced. Shares of Sydney-based AurionGold fell as much as 10 cents, or 2.7 percent, to A$3.66.

On May 26, Vancouver-based Placer offered 17.5 shares for every 100 AurionGold shares. The company has won approval from regulators in Australia and Canada for its bid.

[Blecheuro]

Gold ]
Source: South China Morning Post
Publication date: 2002-07-12


GOLD
European gold was weighed down yesterday by a steadier US dollar against the euro and failed to make gains despite the rout in the stock markets, triggered by more concern over United States accounting.

Spot gold stood at US$313.75-$314.25 an ounce in London at noon, against New York`s close of $315.40-$315.90 on Wednesday.

The metal was fixed at $314.50 from $314.80 previously.

With the greenback holding off a return to parity against the euro, European consumers` appetite for the metal was dented as their purchasing power for gold decreased.

"Excellent support from the physical market continues to provide a solid base at the $310 area, with resistance pegged at the $319 level," said Standard Bank London.

JP Morgan analysts said that a break of the $316 level should open the way for the yellow metal to go to between $320 and $323 an ounce.

In Hong Kong, gold ended at US$314.90-$315.40 an ounce from $316.60-$317.10 on Wednesday. Tael gold fell HK$15 to $2,925.

Publication date: 2002-07-12

[Blecheuro]

Dollar, gold rise
Source: Associated Press
Publication date: 2002-07-12


LONDON (AP) -- The U.S. dollar was higher Friday against most other major currencies in European trading. Gold prices rose.
The euro was quoted at 98.83 cents, down from 98.90 cents late Thursday.

Other dollar rates compared with late Thursday included 116.86 Japanese yen, up from 116.74; 1.4841 Swiss francs, up from 1.4840, and 1.5232 Canadian dollars, down from 1.5239.

The British pound was quoted at $1.5509, up from $1.5490.

Gold traded in London at $316.50 bid per troy ounce, up from $315.00 on Wednesday. In Zurich the bid was $316.30, up from $314.80. Gold rose $2.00 in Hong Kong to close at $317.15.

Silver traded in London at $5.04 bid per troy ounce, down from $5.05.



The Associated Press News Service
Copyright 2002 by The Associated Press
All Rights Reserved

[ThaiGuru]

http://allafrica.com/stories/200207120235.html

Mvela Makes Foray Into Gold

Miningweb (Johannesburg)

July 11, 2002
Posted to the web July 12, 2002

David Mckay


Mvelaphanda Resources, one of South Africa`s few listed black empowerment companies, will offer shares to Gold Fields in return for an option on the gold company`s African-based precious metal ventures. The union has come after a period of bargaining in which Mvelaphanda Resources, whose executive chairman, Tokyo Sexwale, is a non-executive on Gold Fields` board, was offered opportunities to buy existing operations owned by Gold Fields. Mvela`s managing director, Mark Willcox, says the current arrangement makes better sense for the company which believes gold stocks are fully valued.

Sexwale and another businessman, Bernard van Rooyen, sit on the Gold Fields and Mvelaphanda boards. Willcox says both individuals recused themselves where necessary.

The outcome is a marriage of convenience for both parties: Gold Fields knows that it must continue to invest in black empowerment while it remains a fully-fledged South African company; Mvela knows it needs to invest in gold for the longer term, but is faced with the problem of finding value in a popular sector. Today`s (11 July) announcement is intended to satisfy both company`s requirements.

The structure of the deal sees Mvela secure participation rights of up to 15 percent in precious metals exploration projects in Africa controlled by Gold Fields with effect from March 2002. The rights acquired by Mvela are exercisable at the time a decision is taken to mine and includes any prospect over which Gold Fields has the right to mine. That means Mvela secures optionality in its share on the possibility Gold Fields discovers another Tarkwa mine in Ghana, and if Gold Fields buys smart in an African precious metals company with a suite of interesting projects.

Gold Fields, meanwhile, will be issued with unlisted options to subscribe for linked units in Mvela with a market related strike price plus a 10 percent premium. "Mvela has built up significant stakes in some of South Africa`s premier mining assets and has demonstrated itself to be a significant empowerment player in the resources sector," said Ian Cockerill, chief executive of Gold Fields. "With this deal we reaffirm our commitment to empowerment and to the transformation of the South African mining industry," he added.

This is not the first empowerment deal by Gold Fields ? it is the largest shareholder in newly listed ARMGold after management ? but it is probably one of the most important. It also comes only days after the private sector and government concluded robust debate on new minerals and mining legislation aimed at developing black economic empowerment in South Africa.

The deal also underlines Gold Fields interest in African mining whereas the emphasis in the past has been the company`s offshore growth. While offshore growth remains a pillar of the company`s strategy, Gold Fields spokesman, Willie Jacobsz, says Africa is the right place to find new mines: "If we find a potential mine there is a much better chance of developing it than if we find one in North America," he said.

"The problem for emerging companies is how to build in the optionality of exploration given that there is a cost of this in the longer term. This deal helps build some of that upside into our share," Willcox said. Mvela has concluded a number of deals where it has enjoyed virtual free carry into a project or has used equity to buy in without parting with cash. The company has a 30 percent stake in Trans Hex, a diamond miner; and a 22.5 percent stake in Northam Platinum.

[ThaiGuru]

US-FINANZSKANDALE

Das nicht ganz so Weiße Haus!

In seiner Rede zu den Bilanzskandalen der jüngsten Vergangenheit hat US-Präsident George W. Bush die gängige Praxis von Unternehmen gegeißelt, Top-Managern zinsgünstige Kredite einzuräumen. Offenbar hat Bush in der Vergangenheit jedoch selbst genau solche Firmenkredite erhalten.

Weißes Haus: Der üble Geruch der Enronitis

Washington - Während der Boomzeit war es nichts Ungewöhnliches, wenn Top-Manager der amerikanischen Wirtschaft ihre Unternehmen als Kreditinstitute missbrauchten. CEOs wie Enron-Gründer Kenneth Lay bekamen von ihren Firmen Bürgschaften, Darlehen oder Kredite, die Aufsichtsräte nickten die Deals meist bedenkenlos ab.

Den Rekord hält Ex-WorldCom-Chef Bernie Ebbers: Der Kanadier hatte auf Kredit eine große Zahl von WorldCom-Aktien erworben. Als der Kurs abstürzte, musste Ebbers Geld nachschießen. Dazu war er selbst nicht in der Lage, sein Unternehmen half ihm jedoch großzügig aus. Im Frühjahr 2002 wurde dem umstrittenen Manager von WorldCom eine Bürgschaft in Höhe von mehr als 400 Millionen Dollar gewährt.

Auch Präsident George W. Bush soll als Führungskraft seinen damaligen Arbeitgeber angezapft haben. Die "New York Times" und die "Washington Post" berichten am Donnerstag, dass Bush in den achtziger Jahren in seiner Zeit als Top-Manager des Energiekonzerns Harken von dem Unternehmen äußerst zinsgünstige Kredite in Höhe von insgesamt 180.000 Dollar erhalten habe. Mit dem Geld habe Bush im Rahmen eines Optionsprogramms für Manager Harken-Aktien erworben.

Firmenkredite sind schlecht - bei den anderen

Besonders peinlich: Bush hatte Anfang der Woche "harte neue Gesetze" zur Verhinderung von Finanzskandalen angekündigt. In seiner Rede an der Wall Street hatte der Präsident die US-Wirtschaft auch dazu aufgerufen, nicht länger Firmenkredite an Manager zu vergeben.

Bush muss sich außerdem gegen den Vorwurf verteidigen, dass er selber in den neunziger Jahren als Harken-Manager von Insiderwissen profitiert und den Aufsichtsbehörden Aktienverkäufe zu spät gemeldet habe.

Bush-Regierung wirkt unglaubwürdig

In der Bush-Administration sitzen eine Reihe umtriebiger Ex-Manager, davon viele aus dem Energiesektor. Bereits während der Enron-Krise war das Weiße Haus wegen seiner Nähe zu der Houstoner Skandalfirma unter Druck geraten. Bush war mit Enron-Gründer Ken Lay per du und nannte ihn "Kenny Boy". Lay war der größte Finanzier der Präsidentschaftswahlkampagne Bushs.

Ebenfalls im Kreuzfeuer: Dick Cheney. Der Vizepräsident wurde am Mittwoch von der Anti-Korruptionsinitiative Judicial Watch verklagt. Die Kläger werfen Cheney und dem Ölkonzern Halliburton, bei dem Bushs Vize von 1995 bis 2000 Vorstandschef war, Bilanzbetrug und Irreführung der Anleger vor. Das ist nicht die einzige Klage gegen Cheney. Auch der Rechnungshof des Kongresses (GAO) hat Cheney und die Bush-Administration vor den Kadi gezogen: Der Vizepräsident weigert sich nämlich beharrlich, der Legislative Auskunft über seine Kontakte zur Energieindustrie zu geben.

Kein Kommentar

Der Sprecher des Weißen Hauses, Ari Fleischer, nannte die Judicial-Watch-Klage gegen Cheney ungerechtfertigt. Er lehnte Fragen zu dem Thema mit der Begründung ab, Ansprechpartner sei der Konzern Halliburton.

Unter Cheney hatte der Ölfeldausrüster Halliburton in den neunziger Jahren seine Buchführung geändert, was die Profite des Unternehmens erheblich verbessert hatte. Die Wertpapier- und Börsenaufsicht SEC untersucht den Fall.

Judicial Watch erklärte, die geänderte Buchführung habe zu einer Überbewertung des Aktienwertes und damit zur Täuschung der Anleger geführt. Halliburtons Finanzchef Doug Foshee wies die Beschuldigungen als "unwahr, unbewiesen und unbegründet" zurück.

Von Thomas Hillenbrand

[Tippgeber1]

!

Dieser Beitrag wurde vom System automatisch gesperrt. Bei Fragen wenden Sie sich bitte an [e-mail]

[Tippgeber1]

@ Hey Blechi



Wie nicht anders zu erwarten, hast Du keinen einzige Frage beantwortet und bist unsachlich geworden und startest wie gegen Thai Guru nunmehr auch gegen mich persönliche Attacken.


Immer wenn Dir die Argumente ausgehen unterstellst Du- eigentlich typisch Blechi

Blechi ist wohl er ein schlechter Pistolenheld
denn ein glaubwürdiger seriöser Zeitgenosse im Gegensatz zu Thai Guru.



Du schreibst:

"Ihr solltet Euch endlich einmal darübver einig werden unter welchem Namen Ihr posten wollt. Unter Thaikopierer, Thaibabbeler, Vertipper oder was auch immer.

Zum anderen würde ich vorschlagen und das werde ich auch tun, daß es für den Fall, daß es möglich sein sollte jedem eingewählter Boardteilnehmer nur einmal möglich ist, auf der jeweiligen Seite registriert zuu werden. Daran können wir dann erkennen, wo die Pappnasen stecken. Thaibabbeler war zumindest bis zu seiner letzten Abwesenheit eine Pappnase"


UM ES HIER NOCHMAL GANZ DEUTLICH ZU SAGEN. THAIGURU LEBT IN THAILAND UND ICH HIER IN DEUTSCHLAND. WIR HABEN VÖLLIG VERSCHIEDENE SCHREIBSTILE. DAS SIEHT DOCH SOFORT JEDER LAIE. LEIDER HABE ICH NICHT DIE GABE, WIE THAIGURU, DERMAßEN PASSGENAU AKTUELLE INFOS WELTWEIT ZU BESORGEN. IM ÜBRIGEN POSTE ICH SEHR HÄUFIG IN ANDEREN THREADS, SO DASS ES DIE BEIDEN PERSONEN UNMÖGLICH IDENTISCH SEIN KÖNNEN.

AUSLÖSER DEINER ATTACKE IST NATÜRLICH, DASS ALLSEITS BEMERKT WORDEN IST, DASS GEB.HUNT und BLECHEURO IDENTISCH USER SIND.

GERNE WILL ICH HIER EINE MAIL AN MICH DER GEBR.HUNT VERÖFFENTLICHEN. ES DIENT JA EINEM GUTEN ZWECK. ES WAR DER ZEITPUNKT, WO BLECHI AUFGEHÖRT HATTE UND ALS GEB.HUNT WEITERSCHRIEB. FOLGENDE MITTEILUNG ERHIELT ICH:

"Blechi ist nicht im Urlaub, wir wohnen im gleichen Ort wie er. Haben heute noch mit ihm gesprochen. Es gibt noch jemanden hier im Board, der ihn auch kennt. Wir haben uns heute per Zufall in der Straße, wo Blechi wohnt , getroffen. Er hatte gerade den Garten gemäht und chlorte sein Schwimmbad. Letzenendes rief er, kommt, wir trinken ein Bierchen, und das hat bis jetzt gedauert.

Denke, er geht irgendwann auch wieder ins Board, aber in seinem Alter läßt er sich bei seinen Erfahrungen nicht gerne von irgendwelchen Gernegroßen verarschen. Anscheinend (so war es rauszuhören) hat ihn Thai Guru gerempelt, der anscheinend Probleme mit der Klickzahl hat. Blechi meinte, er wolle dem Thai Guru die Show nicht stehlen und würde deshalb gar nichts mehr posten. Da die Börse aber für ihn das Zweitschönste im Leben ist, denken wir, daß er irgendwann wieder kommt. Aber es kann lange bei ihm dauern. Vielleicht auch gar nicht mehr. Falls Interesse besteht, können wir ab und zu korrespondieren. Kennst Du Thai Guru?

Bis dann!"


WIE GESAGT DAS SCHRIEB GEB.HUNT PER MAIL AN MICH. ES BEDARF WOHL KEIN WEITEREN BEWEISES, DASS BEIDE USER IDENTISCH SIND.


DAS BEDEUTET BLECHI LOBT SICH SELBST ÜBER DEN KLEE DURCH SEINEN ANDEREN USER NAMEN GEBR. HUNT. DAS HALTE ICH FÜR UNSERIÖS UND DU SOLLTEST, NUR WEIL MAN DICH DURCHSCHAUT HAT, NICHT ANDEREN EHRLICHEN USERN SELBIGE TRICKS DIE DU ANWENDEST UNTERSTELLEN.



Weiter schreibst Du:

"Wenn die der deutschen Sprache mächtig wäörest, hättest Du bemerkt, daß ich CDE zwischendurch als nochmaligen Tipo für SPÄTZÜNDER gegeben habe."

Also das mit der deutschen Sprache scheint eher auf Dich zuzutreffen, wenn ich mir so Deinen Satzbau anschaue. Da soll einer draus schlau werden. Analphabetentum liegt mir nicht so sehr Blechi

Trotzdem, will ich mal versuchen, zu verstehen, was Du denn gemeint haben könntest.


Tipo ist wohl ne´ Automarke was Blechi

Du scheinst immer noch nicht zu verstehen. Es geht nicht darum, dass Du einen späteren Tipp für CDE abgegeben hast. Nein, lieber Freund, nimm mal Kritik an. Du tust so in Deinen Postings, als wärst Du der alleinige Alleswisser von CDE. Und genau das hat Dir der User TippGuru vorgeworfen. Du Indianerhäuptling schmückst Dich zu oft mit fremden Federn.

Dass Du die Sache jetzt runterspielen willst ist wieder typisch Blechi



Fazit: Anfangs versuchte ich Blechi gegen andere User zu helfen, die diesen angriffen - er zog sich schmollend in seinen Ecke zurück und schien sehr sensibel zu reagieren unser Blechi.

Trotz seiner Fehler war er zumindest in der Sache sympathisch. Nunmehr verdreht er alles so wie er es gerne hätte. Seine Rechthaberei macht ihn unsympathisch. Prognosen ja Blechi, aber die Dosis muß stimmen. Nahezu täglich deine großkotzige Art lesen zu müssen nervt dann doch irgendwie. Ich habe daher mich auf die Seite des User´s Thai Guru gestellt, weil sein Kommunikationsstil im Gegensatz zu Blecheuro nicht von Dauerausfällen und dauerhaften Unzulänglichkeiten geprägt ist.

Bei Dir ist die Luft raus. Pump dich erstmal wieder auf Blechi
und spiele mit den anderen Usern weiter Deine Spielchen

Doch immer mehr User werdn Dich durchschauen und auf Dich zeigen
Da hilft dann auch kein Verstecken mehr


Gruß

Tippgeber






P.S. Deine Dosis Afri Cola scheint wohl zu hoch gewesen zu sein

[Blecheuro]

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[Blecheuro]

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[Blecheuro]

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[Blecheuro]

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[Blecheuro]

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[Blecheuro]

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[Blecheuro]

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[Blecheuro]

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[Blecheuro]

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[Blecheuro]

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[Blecheuro]

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[Blecheuro]

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[Blecheuro]

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[Blecheuro]

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[Blecheuro]

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[Blecheuro]

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[Tippgeber1]

Da scheinst sich aber Blechi mächtig geärgert zu haben

Jetzt versaut er schon andere Boards.


Gruß

Tippi

[Blecheuro]

!

Dieser Beitrag wurde vom System automatisch gesperrt. Bei Fragen wenden Sie sich bitte an [e-mail]

[ThaiGuru]

@Blecheuro

So geht es aber nun wirklich nicht weiter!

Glaubst Du wenn Du meinen Thread zumüllst würde das etwas daran ändern, dass Du in meinen Augen alle Glaubwürdigkeit verloren hast?

Hör bitte damit sofort auf!


ThaiGuru

[Tippgeber1]

Beantworte doch bitte die Fragen ja. Dir scheint nicht wirklich klar zu sein, warum Thai so reagiert hat. Offensichtlich ging ihn Deine ständige Glorifizierung zu weit. Du darfst Dich nicht wundern, wenn sich Menschen wie Thai wehren.

Gruß

Tippgeber

Offensichtlich wiedersprichst Du mir nicht, dass Du mit geb.Hunt identsich bist. Da hörte ich nichts zu von Dir. Das heißt Du läßt das so stehen!!!!

[Blecheuro]

@ Tippgeber

Du kannst es anscheinend nicht lassen, ich hatte bereits geantwortet:

#1400 von Blecheuro 12.07.02 17:31:16 Beitrag Nr.: 6.864.990 6864990
Dieses Posting: versenden | melden | drucken
Im übrigen werde ich meine Zeit in Zukunft sinnvoller nutzen und nur noch ab und zu etwas posten. Auf Angriffe wie zum Beispiel eben von Tippgeber nehme ich künftig grundsätzlich nicht mehr Bezug. Mit dem einen oder anderen werde ich künftig im gewohnten Mailkotakt bleiben

[Tippgeber1]

@Blechi
Ich hatte auch wieder geantwortet. Scheinst Du irgendwie nicht geschnallt zu haben wie so manches im Leben. Dauert wohl immer etwas bei Dir was :O. Auf meinen Mail hattest Du mir auch erst Monate später geantwortet.

#1405 von Tippgeber1 12.07.02 17:59:09 Beitrag Nr.: 6.865.298 6865298
Dieses Posting: versenden | melden | drucken
Beantworte doch bitte die Fragen ja. Dir scheint nicht wirklich klar zu sein, warum Thai so reagiert hat. Offensichtlich ging ihn Deine ständige Glorifizierung zu weit. Du darfst Dich nicht wundern, wenn sich Menschen wie Thai wehren.

Gruß

Tippgeber

Offensichtlich widersprichst Du mir nicht, dass Du mit geb.Hunt identisch bist. Da hörte ich nichts zu von Dir. Das heißt Du läßt das so stehen!!!!

[Blecheuro]

Wir sollten uns alle wieder etwas beruhigen, uns übers Wochenende ein wenig erholen und ab Montag dann alles besser machen. Das ist ein Vorschlag von mir. Denn die Edelmetalle werden uns noch so schöne Zeiten machen, daß wir uns gegenseitig hold sein sollten, denn dann ist das Leben noch schöner, oder?

[Tippgeber1]

@Blecheuro


Das fällt Dir aber reichlich spät ein. Ich fordere Dich auf

1.Dich bei Thai zu entschuldigen für Deinen zahllosen Entgleisungen.

2. Zuzugeben, dass die User Geb.Hunt und Blecheuro selbige sind.


3. Deine Unterstellung zurückzunehmen, dass ich mit Thaiguru identisch sein soll.


4.Höre mit weiteren Beschimpfungen in Richtung Thai Guru auf.


5.Mülle andere Boards nicht voll, nur weil Du sauer bist und Deine Emotionen nicht im Griff hast.


Erst danach wird wieder aus meiner Sicht Frieden herrschen.


Du mußt auch lernen gemachte Fehler zu korrigieren.

WO würde das genauso sehen.



Zeige mal Größe Blecheuro.


Gruß


Tippgeber

[bluemoons]

ich sage nur

"DER KLÜGERE GIBT NACH" !!!!

[Tippgeber1]

@bluemoons

Wenn es nur darum ginge, hättest Du Recht. Hier ist aber mehr geschehen. Zahlreiche Unterstellungen und tagelange Attacken von Blecheuro mußten gestoppt werden, ansonsten hätte er immer weiter drangsalisiert.

Gruß

Tippgeber

[jeffery2]

Es scheppert so blechern im Goldboard. Fürchterlich hier.
J2

[WarumBuffett]

Auch du... mein Sohn, und Ihr, meine Schäfchen seid herzlichst eingeladen, die sachlichen Diskussionen über Silber und (Gold) in meinem Thread weiterzuführen.



WB

[ThaiGuru]

@WarumBuffett

Dein Motto ist wohl:

Wenn Zwei sich streiten, freut sich der Dritte!

Gruss

ThaiGuru

[ThaiGuru]

Die Börsen (Anleger) wissen nicht was sie tun!

Gestern runter, heute zum Start hoch, und zum Schluss wahrscheinlich noch mehr runter?





Um den Gold und Silber Preis wird gekämpft!

Hoch und runter, hoch und runter.



Gruss

ThaiGuru

[ThaiGuru]

16 Federal Reserve Banken vernichten wichtige Akten, des Indian Trust Account, trotz einer Anweisung eines Bundes Gerichtes zur sofortigen Einstellung der Aktenvernichtungen, und entgegen der Versicherung des Justiz Departements Anwaltes, dass die Vernichtung eingestellt würden.

Diese Meldung zeigt wieder einmal mehr, dass es gar nicht gut sein muss, die Finanz Ueberprüfung in den Vereinigten Staaten von Amerika von einer Privat Firma wie der Federal Reserv Bank *FED* durchführen zu lassen.

Das Vertrauen ist weg, der Börsencrash wird weitergehen, und Gold und Silber werden weiter steigen!

Gruss

ThaiGuru



http://www.indiantrust.com/releases.cfm?press_id=15

FOR IMMEDIATE RELEASE

Contact: Philip Smith (202-661-6350)



DESTRUCTION OF INDIAN TRUST DOCUMENTS REPORTED BY 16 FEDERAL RESERVE BANKS AND BRANCHES

Plaintiffs: Investigation by Court-Appointed Special Master Is “Imperative”

WASHINGTON, D.C. – Sixteen Federal Reserve Banks and branches, including the New York Fed, have reported continued destruction of Indian trust account documents, in violation of a federal judge’s orders and despite repeated assurances by Justice Department lawyers that the destruction would stop.

In court papers filed late yesterday, Indian plaintiffs said the ongoing destruction means that an investigation by Court-appointed Special Master Alan Balaran, which the plaintiffs requested Feb. 20, is now “imperative” and that the plaintiffs have “no confidence” in what government lawyers are telling the Court about efforts to preserve the records.

Document destruction in recent weeks has been reported to Balaran by the Federal Reserve Bank of New York, the Kansas City Fed’s branch in Denver, the San Francisco Fed and its branches in Seattle, Salt Lake City, Portland and Los Angeles, the Fed in Minneapolis and its branch in Helena, the Richmond, Va. Fed and its Charlotte branch, the Atlanta Fed’s branch in New Orleans, the Federal Reserve Bank in Philadelphia, the Federal Reserve Bank in Dallas and its El Paso branch, and the Cleveland Fed’s Pittsburgh branch.

The plaintiffs noted in yesterday’s filing that the New York Fed has retained outside counsel to handle the document destruction issue. Former Treasury Secretary Robert Rubin, along with then-Interior Secretary Bruce Babbitt, were found in contempt by U.S. District Judge Royce C. Lamberth in February 1999 for ignoring the judge’s document-production orders.

Justice Department lawyers have claimed that the recently destroyed trust records are either not relevant to the Court case or that duplicate data exists elsewhere. “These pro forma claims of irrelevance seem to be lifted verbatim from the proverbial Justice Department Cobell Litigation Handbook, which one can only assume provides instructions to its attorneys as follows: (1) Deny; (2) Deflect, and finally (3) Defend vigorously all claims of innocence regardless of or despite the merits,” the plaintiffs’ filing said.

“Plaintiffs cannot rely on the representations concerning the preservation of [Indian trust] related documents because the [Treasury] Secretary and his counsel have repeatedly made wholly unsupported claims and misleading representations to this Court,” the plaintiffs said.

“The plaintiffs’ skepticism is founded not on the lengthy and repeated reporting of their destruction but rather on the chronic failure of defendants and their counsel to disclose candidly the full scope, nature and extent and relevance of the destruction.”

The Court case, Cobell v. Norton, is a class action lawsuit filed to force the Interior and Treasury departments to clean up more than a century of gross mismanagement of individual Indian trust accounts. A ruling by Judge Lamberth that the government is in breach of its fiduciary obligations to the Indian trust beneficiaries was upheld last month by the U.S. Circuit Court of Appeals in Washington, D.C.

The plaintiffs’ filing is available at www.indiantrust.com, under Latest Information. To read the Feb. 20, 2001 motion for an investigation by the Special Master, click on Case Documents.

[ThaiGuru]

@Gentil

Wir mussten aber nicht sehr lange warten!

Die Börsen sind nach anfänglichen Zuckungen schon wieder auf Talfahrt.

Nächste Woche geht es höchst wahrscheinlich, noch etwas rasanter weiter runter.

Ja und noch etwas, bevor ich es vergesse!

Habe gerade in meinem Thread im Goldboard Thread: Kein Titel für Thread 22573644012719295686795293011067766526 über einen neuen Federal Reserv Bank, Akten-Vernichtungs-Skandal in den USA berichtet.

Schau doch mal rein!

Gruss

ThaiGuru

[ThaiGuru]

Sorry, der letzte Beitrag war fürs Neue Markt Board bestimmt gewesen.

[ThaiGuru]

http://www.iii.co.uk/shares/?type=news&articleid=4421977&act…

Breaking news View headlines...

(AFX-Focus) 2002-07-12 17:10 GMT:

Harmony Gold says earthquake at Evander mine stops production, 3 missing

LONDON (AFX) - Harmony Gold Mining Co Ltd said production activities at shaft 8 of its Evander mine in South Africa were halted this morning due to an earthquake in the vicinity.

Currently, three men are unaccounted for. A total of four employees were injured one of which sustained serious injuries.

Rescue operations are underway, the company added.

[ThaiGuru]

http://investor.ft.com/custom/ftmarkets-com/news/story.asp?g…

Chart of the Day

Head-and-shoulders completed
Bearish chart pattern suggests 600 point drop on S&P 500

By Vince Heaney FT Investor, 09:34 BST Jul 12, 2002

LONDON (FT Investor) - The S&P 500 slumped 3.4 per cent on Wednesday July 10, sweeping aside key technical support to complete a major bearish chart formation, which has an eventual price target some 600 points below current levels.

Even after a volatile session on Thursday, which saw the S&P reverse early losses to close higher, the bearish chart signal remains intact.

The pattern

Wednesday`s close at 920.47 on the S&P 500 [SPX, News, Chart, Research] completed a head-and-shoulders formation on the long-term weekly charts



The head-and-shoulders is a pattern that forms at the end of an up trend and signals a change in the direction of the trend. As the name suggests it is formed by three successive peaks. The middle peak (head) marks the high point of the market and is flanked by two lower and roughly equal peaks, which form the shoulders.

The pattern is completed when the market breaks through a line drawn through the troughs between the peaks, known as the neckline.

Den vollständigen Bericht gibts hier:

http://investor.ft.com/custom/ftmarkets-com/news/story.asp?g…

[ThaiGuru]

Was ein weiter möglicher starker Fall, um bis zu 600 Punkte beim S & P Index, für den Gold und Silber Preis bedeutet, wie im Bericht der Finanzial Times veröffentlicht, sollte wohl allen Lesern klar sein.

Das Gold und Silber Manipulations Kartell würde den Kampf für tiefe Preise mit sicherheit verlieren!

Hier noch zwei weitere Charts zum S & P Index:

Ein schönes Wochenende wünscht (fast) allen.

ThaiGuru

[Ken_meyer]

Die Frage, die ich mir immer wieder stelle: wenn es das Kartell aus Bullion- und Notenbanken wirklich gibt, warum
sollte die Notenbanken angesichts einer explosiven Lage für die Shorts bzw. den POG ihr
Gold jemals zurückverlangen, bzw die Lease Rates erhöhen statt das Spielchen endlos weiterzutreiben??

Und, wenn dem so ist, woher soll die Kraft der Goldbullen
kommen? Ich glaube bislang nicht so recht an die Flucht des gemeinen Anlegers in die Metalle, eher an eine Flucht aus den
Märkten überhaupt.

[niemandweiss]

Moin Thaiguru,

"Das Gold und Silber Manipulations Kartell würde den Kampf für tiefe Preise mit sicherheit verlieren!"

Dann ist es wohl sicher nur noch eine Frage der Zeit, wie ernst (gefährlich) die Situation mittlerweile geworden ist, kann man an dem verstärkten Kampf gegen Gold seit Juni genau erkennen. Gold soll auf keinen Fall auf 350 kommen, denn dann wird es erst richtig lukrativ. Was die wirtschaftliche Sitation anbetrifft, müsste Gold schon längst dort angekommen sein.




PS. Kannst du den Bericht aus der Financial Times noch mal hier hereinstellen ?

[niemandweiss]

sorry, hab FT Investor gerade gesehen # 1397.

Hier noch mal ein bekannter Chart. Überlege nur, ob man demnächst gar den heutigen DOW anstatt Nasdaq als Vergleichschart gegenstellen könnte

[ThaiGuru]

@Ken_meyer

Teile Deine Ansicht.

Der überaus grösste Teil der Anleger werden, nach dem sie sich aus den Aktien zurückziehen, noch nicht in Gold oder Silber Anlage Instrumente gehen. Schätze das meiste Kapital dürfte in so genannte "AAA" Anleihen gehen, staatliche und auch Firmen Anleihen/Bonds. Ebenfalls Anlagen in Oel-, Energie-, und Resourcen-Aktien werden vermehrt als Anlage geschätzt.

Viel Geld geht auch in Imobilien als Kriesenabsicherung. Doch ein kleiner nicht unwichtiger Anteil geht dabei immer mehr auch in Goldfunds, und durch die Marktenge der Gold-, und Silber Aktien, wirkt sich auch ein prozentual kleiner zusätzlicher Anteil, sehr Preis steigernd aus.

Du könntes auch mit Deinem Einwand richtig liegen, dass die meisten Zentralbanken ihr verliehenes Gold nicht zurückverlangen werden, respektive können, weil sonst diejenigen Banken, oder Finazinstitute in eine existenzbedrohende Lage gebracht werden, falls sie bei massiv steigenden Goldpreisen am Markt, Gold zurückkaufen müssten.

Es besteht ja auch der starke Verdacht, dass es im Falle der Deutschen Bundes Bank so sein könnte, dass Teile dieser Goldreserven die in Deutschland lagerten, der grösste Teil der deutschen physischen Goldreserven, lagert nicht wie fälschlicherweise vielfach angenommen in Deutschland, sondern in den USA, bereits ausgeliehen wurden. Die Deutsche Bank wird gerüchteweise als Empfänger gehandelt, die bei den jetzigen Goldpreisen dieses Gold nicht mehr zurück gegeben werden könnte, ohne dass die DB in eine gewaltige finanzielle Schräglage käme.

Die mehrfache Ankündigung von Welteke, von der Deutschen Bundes Bank, dass er ab September 2004 gerne Gold für Aktien verkaufen würde, dem Ende der vertraglichen Selbstbeschränkung Gold zu verkaufen, "Wahingtoner Agreement", der europäischen Zentralbanken, deutet meiner persönlichen Ansicht stark darauf hin, dass Welteke die bereits "verlorenen" Goldreserven nur noch buchhalterisch in Form von Aktien von den "Mietern" zurückerhalten kann.

Es nützt Zentralbanken nähmlich gar nichts, auf physische Gold Rückgabe zu bestehen, wenn dadurch die "Mieter" ruiniert würden, falls sie Gold zu weitaus teuren Preisen am Markt zurückkaufen müssten, als sie es verkauft haben, und vielleicht bei einem eventuellen Konkurs, auch nicht einmal mehr in der Lage wären, Aktien anstelle von Gold an die Vermieter DBB zurückgeben könnten.

Trotzdem sieht es zur Zeit so aus, dass nächstens noch gewaltige zusätzliche Mengen von physischer Gold Nachfrage entstehen könnte, zu dem bereits seit zig Jahren bestehenden Nachfrage Ueberangebot, und dem stetigen Rückgang der weltweiten Goldproduktion.

Falls aber schlussendlich die Anleger, die in Anleihen und/oder in bereits, wie z.Bsp. USA jetzt schon massiv überbewertete Liegenschaften, oder Häuser investierten, feststellen, dass auch in diesem Segment ein Wertverlust möglich ist, wird es zum Gold und Silber kaufen schon fast zu spät sein.

Diese riesigen vorhandenen, und von den Notnbanken ständig noch ausgeweiteten Mengen an Papier-Kapital *Fiat Money*, wäre für den kleinen Goldmarkt einfach zu gross, dass dann, wirklich erst dann, eine Goldpreis Blase entstehen könnte, die in ihrer Preisdimension gar noch nicht abzuschätzen ist.

Die heutigen Gold und Silber Preise sind meiner Ansicht nach weiterhin total unterbewertet, und ein strong buy!

Analysten wie Hatheway sprechen von Goldpreisen von bis zu 5000.- US Dollar pro Unze Gold. Einige bekannte Silber Analysten sehen Silberpreise von bis zu 100.- Dollar pro Unze, die in einer Uebertreibungsphase möglich wären.

Gruss

ThaiGuru

[ThaiGuru]

@niemandweiss

Welchen Bericht meinst Du?

Den letzten Bericht der

http://investor.ft.com/custom/ftmarkets-com/news/story.asp?g

Posting Nummer #1397

[ThaiGuru]

Zufälligkeiten!

Habe gerade im Thread von "Keepitshort" Posting Nummer #1 gelesen, dass ich allen Lesern die es noch nicht kennen, als Lektüre wärmstens empfehlen kann.

Es zeigt einmal mehr die Verstrickung der Deutschen Bank mit Gold Manipulation, und einem Fernsehsender auf, der bis jetzt entweder gar nicht, oder falls doch, in der Tendenz negativ zum Goldpreis Geschehen in seiner Aussage war.

Thread: Kein Titel für Thread 226072240027192930435483404493187668396

[niemandweiss]

Thai #1403. Hab dir Mail geschickt.

[ThaiGuru]

@niemandweiss

Posting Nummer #1400

Deine Aussage kann ich nur unterstützen!

Dein eingestellter Chart, Euro - Gold spricht Bände..

Gruss

ThaiGuru

[ThaiGuru]

Busch erwartet ein um 56% ansteigendes Budget Defizit, gegenüber seinen früheren Aussage im Februar 2002

Lügte dieser Mann früher, oder ist er nur schlecht im Rechnen, oder sind es gar noch andere Gründe?

Jetz wird neu ein USA Budget Defizit für das Jahr 2002, von 165`000`000`000.-US Dollar angekündigt.

Was sagte meine Wurstverkäuferin doch früher immer?

"Darf es noch ein bisserl mehr sein"


Es wird höchste Zeit sich etwas mit Gold und Silber Anlagen zu beschäftigen!

Gruss

ThaiGuru



http://www.reuters.com/news_article.jhtml?type=businessnews&…

Bush Expects 56 Pct Surge in `02 Deficit

By Adam Entous

WASHINGTON (Reuters) - The Bush administration said on Friday it expected the federal government to post a deficit of $165 billion this fiscal year, a 56 percent increase over earlier projections reflecting a dramatic drop in tax revenues as the stock market has slumped.

Conceding it was caught off guard by the steepest decline in receipts since 1955, the administration said it may develop new budgetary models aimed at projecting the impact of stock movements on capital gains and other tax revenues.

"We have no model at this time, and it will be very difficult, I know, to produce one, but we need to try to understand this phenomenon better," White House budget director Mitch Daniels said.

While the White House revised upward its 2002 economic growth forecast to 2.6 percent from 0.7 percent and projected a return to surpluses in fiscal 2005, rising deficits in the near term could hurt President Bush and his fellow Republicans in upcoming elections, where small swings could shift control of both the House of Representatives and Senate.

Senate Majority Leader Tom Daschle, a South Dakota Democrat, called the deficit numbers "a disaster."

Rep. John Spratt, the senior Democrat on the House Budget Committee, asked: "How much worse will these figures have to get before the administration recognizes that its budget is at the source of the problem and there is no easy glide-path back to a balanced budget?"

At $165 billion, the projected deficit for fiscal 2002, which ends on Sept. 30, would be largest since fiscal 1994. The federal government posted a $127 billion surplus last year.

"The president deals with the cards that were dealt him," White House spokesman Ari Fleischer said, citing the recession and costs of the war on terrorism as reason for plunging the government into deficits for the first time in five years.

Officials said a major factor in the bigger deficits was the decline in tax receipts from capital gains -- a finding that could increase pressure on the president to play a more active role in seeking to shore up the stock market.

Capital gains taxes are generally collected from individuals when assets are sold at a profit. As stock values dropped this year, many investors racked up losses or held onto their shares. As a result, the government collected less.

The White House said it expected total tax receipts in 2002 to drop by $124 billion, or 6 percent, from 2001 levels. The last time revenues fell at that rate was 1955.

Bush is already under heavy fire from Democrats for failing to respond forcefully enough to a wave of accounting scandals that have sent the stock market tumbling to lows not seen since 1997. Polls show an erosion in public confidence in the economy and the administration`s economic stewardship.

DEFICITS REVISED UPWARD

If public confidence in the economy continues to waver in the run-up to the November congressional elections, analysts said it would be a huge boost for Democrats, who blamed the reemergence of deficits on Bush`s $1.35 trillion tax cut.

Republicans countered that Bush`s tax cut helped the United States recover from the twin shocks of a recession and the Sept. 11 attacks. They blamed a surge in government spending advocated by Democrats, not lower taxes, for the red ink.

The $165 billion shortfall for fiscal 2002 was revised up from the $106 billion deficit forecast by Bush in February. Senate Republicans expect a deficit of $152 billion in 2002.

The White House believes the shortfall in 2003 will run $109 billion, up from the $80 billion deficit projected in February. In contrast, Senate Republicans expect the deficit to climb to $194 billion in 2003. The deficit in 2004 would fall to $48 billion, according to the OMB`s mid-year budget review.

OMB said it expected a $53 billion surplus in 2005, and a combined surplus of $827 billion between fiscal years 2003 and 2012, assuming Democrats who currently control the Senate stick to the administration`s proposed spending levels.

The Bush White House is not the first to underestimate the impact of capital gains receipts on federal budgeting.

Former President Bill Clinton`s projections often missed the mark. But in contrast to Bush, Clinton underestimated the capital gains windfall as the stock market set record highs.

"In the late 1990s we had surprise revenue windfalls and everyone thought it was because GDP was growing," a Bush administration official said. "But we`re finding that that was not the biggest factor. The bigger factor was capital gains."

The finding gives Bush new incentive to try to boost the stock market. While polls show Bush`s overall approval ratings remain high, his marks for handling the economy have slipped.

[ThaiGuru]

Zu Posting #1407

Um weiteren Missverständnissen vorzubeugen.

Eine amerikanische Billion, entspricht einer deutschen Milliarde!

165 Billionen Dollar Budget Defizit, entsprechen in der deutschen Schreibweise 165`000`000`000.- Dollar, 165 Milliarden Dollar!

[Gringo1]

Dieser Mann log nicht, der weiß nicht einmal die Quadratwurzel aus 9.

Der macht und sagt das, was ihm seine "Berater" vorsagen, nicht mehr und nicht weniger.

So eine Meldung würde ich auch erst rausgeben, wenn mir das Wasser bis zum Hals steht und es keine Chance auf Besserung gibt.

Aber ist recht hübsch der Effekt:

Aktienkurse fallen --> Steuereinnahmen gehen zurück --> Budgetdefizit wird größer --> Aktienkurse fallen --> and so on .....

Ist wie der Zinseszins !

[Gringo1]

Bist Du eigentlich schon wieder aus dem Urlaub zurück ?

[ThaiGuru]

@Gringo1

Gott sei Dank, noch nicht.

Dauert fast noch fast 2 Wochen.

Nächste Woche werde ich nochmals von der Board Fläche verschwinden.

Vielleicht lässt Du bitte dann die Leser, Deine Meinung zum Welt und Gold/Silber Geschehen hier öffters vernehmen.

Gruss

ThaiGuru

[ThaiGuru]

Konkurse in den USA brechen Rekorde!!

Diesen Artikel im bekannten USA Magazin "Fortune" solltet Ihr Euch auch noch zu Gemüte führen, und dann am nächsten Montag vielleicht besser nochmals etwas physisches Gold und Silber zusätzlich kaufen.

Gruss

ThaiGuru




http://www.fortune.com/indexw.jhtml?channel=artcol.jhtml&doc…

STREET LIFE
Breaking Records--For Bankruptcies

Chapter 11 is the hottest fad in business. But that`s not even the half of it.

FORTUNE

By Andy Serwer



Enron. Adelphia. Global Crossing. Kmart. Names we know all too well. These are just a few of the biggie companies that have slid into bankruptcy over the past 12 months. And I`ll bet you your last dollar that between the time I write this article and the time you read it, we can add another big name to the list. (Kind of reminds me of that old Booker T & the MG`s tune, "Time Is Tight," if you know what I mean.)

"It`s been growing since October two years ago," says Ray Warner, a professor at the University of Missouri at Kansas City Law School. "You`re now seeing some very large examples, which is different than in the past. What we`re really seeing is bankruptcies that are being caused by accounting issues. The real trigger for these companies is the loss of financial confidence."

If you`re guessing that bankruptcies are going through the roof--or falling through the floor--right now, you`re dead right. The scariest, most visible wave, of course, is telecom. Besides Global, we have FLAG, Century, Clariti, Metrocall, Metrofiber, Mpower, Network Plus, NTL, Pinnacle, Rhythms NetConnections, Star, (which is not to be confused with) StarBand, Teleglobe, Western Integrated, Williams Communications, World Access, XO, and my favorites: Yipes Communications and ZeroPlus.com. (The latter two seem almost destined, don`t you think?)

But it`s not just phone companies. Houlihan`s (yup--the restaurant chain) went bankrupt in January. Anchor Glass filed in April. Birmingham Steel in June. Florsheim (I`ve always been partial to their wingtips) kicked in March. Batterymaker Exide also went down in April. Guilford Mills, Kaiser Aluminum, Polaroid, State Line Casino, and Wisconsin Color Press all threw in the towel. And then--surprise, surprise--there was Beliefnet, "a spirituality-based Internet site," which passed on in April.

It`s terrible. Unless, of course, you happen to be Wilbur Ross, CEO of W.L. Ross & Co., who is a dean of distressed investing. "The numbers are really big, and there`s no end in sight," Ross says. "We keep track of companies with $100 million or more of liabilities when they file. Last year was the all-time world`s record. Companies worth $230 billion filed for bankruptcy. That`s up 80% from 2000, and up 11.5 times from the last peak, in 1990." Last year some 172 large companies filed for bankruptcy, says Ross. That`s one every two days!

And the beat goes on. "If we don`t break the record this year, we`ll be within spitting distance of it," says Ross. "If you add up the two years cumulatively, there will be some $500 billion of liabilities in bankruptcies by the end of the year. That`s 5% of GDP."

And that`s just corporate bankruptcies. The action on the personal side is even faster and more furious. Be it under Chapter 7 (liquidation), Chapter 11 (reorganization), Chapter 12 (family farms), or Chapter 13 (low-income insolvencies), Americans are raising the white flag as never before. In the first three months of 2002, bankruptcy trade group ABI reports, total bankruptcy filings climbed to 379,012, the highest first-quarter tally ever. The overwhelming majority, 369,237, were personal bankruptcies. In other words, 97% of the bankruptcies in this country are personal. That`s up from 81% 20 years ago.

A disturbing trend, to be sure. And of course there`s much clamor to stiffen personal bankruptcy laws. But at the risk of being callous, I say it`s part of the cycle we must endure. I`m not sure what the opposite of bankrupt is--I suppose "incredibly solvent"--but we certainly enjoyed that trend for several years previous. Now the pendulum has swung back with a vengeance, and bankruptcy is in its own boom. I met a new neighbor the other day who told me that he was a lawyer by training who had been working as an executive at a shoe company. "But I`m going back to law," he said. "Bankruptcy law. This is a once-in-a-lifetime opportunity." Sadly, he`s right.

States v. Oracle?
Oracle is taking heat--and Larry Ellison can`t be happy about it. The QT: Last year Oracle was awarded a $95 million software contract intended to save the state of California more than $100 million in operating expenses. That`s fine, as far it goes, except that it actually goes a lot further.

For starters, the contract was given without competitive bids. Meanwhile, a lobbyist hired by Oracle, Ravi Mehta, gave a state official a $25,000 check for Governor Gray Davis` reelection campaign. Yikes. Then a state report charged that Oracle`s software would actually waste as much as $41 million of state money. Oracle disputes the study and denies any impropriety.

Now all hell has broken loose. Davis returned the $25,000 and fired the official who accepted it. Mehta no longer works for Oracle and took the Fifth during contentious state hearings. Worse, other municipalities are said to be looking at their contracts with Oracle, which gets 25% of its sales from governments.

In Memoriam

Dan Case passed away the other day after a long illness. Dan was the CEO of Hambrecht & Quist (now owned by J.P. Morgan Chase) and one of Silicon Valley`s most prominent investment bankers. He was also the brother of Steve Case, chairman of AOL Time Warner, FORTUNE`s parent. I was fortunate enough to have spent time with Dan over the years, and I remember him as great company, warm, supersmart, and charismatic. His family and all of his friends in the world of business will miss him.

Loose Change

Ross Perot may soon be back in the spotlight--but not under happy circumstances. His company, Perot Systems, is being investigated by a California state senator for allegedly offering to help power companies "game" that state`s electricity market. The company denies it, and Perot has offered to testify. We`re all ears, Ross! Watch Andy on CNN.

[Thoemsi]

Viele glauben, daß das Schlimmste schon vorbei sei und das es im nächsten Quartal wieder aufwärts gehen wird.
Ich persönlich teile diese Einschätzung nichtDas größte Übel ist meiner Meinung nach die enorme Geldmengenausweitung der letzten Dekaden....die enorme Schuldenlast, die durch die fortlaufende Verzinsung jeder ausgegebenen Banknote entsteht, koennte das System in der Tat bald zusammenbrechen lassen... Die Verzinsung wächst, wie hier sicher jeder weiss, exponentiell. Das macht 10,20 und 30 Jahre nichts aus, aber irgendwann....

Dazu gibt es eine nette Illustration:

Eine Seerose wächst auf einem Teich und verdoppelt jeden Tag ihre Blattgrösse. Nach 100 Tagen hat sie den kompletten teich bedeckt.
Frage: nach wievielen Tagen hat sie den halben Teich bedeckt?... Denkt mal drüber nach.

Gruß Thoemsi

[Eurocop2000]

Geld wird aus den Anleihen- und Aktienmärkten erst dann
massiv abgezogen werden, wenn der gebeutelte Anleger eine Alternative sieht. Gold ist eine solche, deshalb shorten die Notenbanken den Preis so lange es irgendwie geht.
Ich denke, das Kartenhaus wird über einen plötzlichen Silberpreisanstieg einzubrechen beginnen, da es kaum physische Bestände an diesem Metall gibt und der Preis insofern schwerer zu manipulieren ist. In der dann aufkommenden Panik wird Gold nicht mehr zu drücken sein und seinen Mythos entfalten.

[mickym [VIP]]

@Thoemsi

Ist doch einfach, am 99.Tag natürlich.

Gruss mic

[ThaiGuru]

July 13 - Gold $315.60 down $1.60 - Silver $5.05 up down 2 cents

Cramer, Kudlow, Fisher, Gold and the Coming Financial Debacle

While the press was all over the President’s task force that proposes to go after criminal indictments for crooked corporate executives, The Gold Cartel forged on to rig the gold market. It is the most bizarre of happenings. The more news and talk of corporate financial scandal, the greater the stock market swoons. The fear of a stock market collapse enhances gold demand. As a result, the gold price wants to go up, which means the cabal has to work that much harder to hold it down.

What we are talking about is the President, Treasury Secretary, key New York banks and the Fed manipulating a U.S. financial market, in contrast to their public utterings and statements to the American public. That public is clamoring for truth and transparency and this gang is doing just the opposite when it comes to gold.

They are inviting disaster, as they are going to be found out. The price of gold is not going to stay down much longer. When the price explodes, it will lead to financial chaos, as the shorts panic. In effect, these massive gold shorts are on a financial Titanic and there are not enough lifeboats to save them all. My guess is the price of gold will take off at the worst possible time on the stupefied Gold Cartel; it is called Murphy’s Law.

Meanwhile, 300,000 people in sub-Saharan Africa are on their way to starving to death for lack of money, partly due to the gold price rigging. This Gold Cartel is truly a bunch of very evil, pathetic people that will pay a severe price for what they have done. They will begin to pay that price after the gold price explodes. There will be few explanations for the dramatic lift-off other than the price was artificially held down for many years. The corporate scandals of the day did not surface until the share prices of these companies collapsed. The gold scandal will surface when the price of gold skyrockets!

The cabal has more to worry about than just a collapsing stock market. Crude oil is trading near 52-week highs, finishing at $27.47 for the week. That is a gold positive and hardly mentioned in the financial press. While the CRB set back on general commodity selling, new crop soybeans closed in new high ground ($5.21). This is the critical growing time for the beans. If the weather goes hot and dry the next couple of weeks, beans could head for the teens on a worse case scenario. In that case, the CRB will FLY, feeding talk of coming inflation.

Then, there is the dollar (106.30). It should have been nailed after yesterday`s very disappointing Michigan consumer confidence number. Only The Working Group on Financial markets prevented a dollar swoon. By next week, the dollar price riggers are very likely to be overpowered. Dollar 100 here we come, if 106 is taken out.

www.lemetropolecafe.com

[ThaiGuru]

CARTEL CAPITULATION WATCH

The WATCH goes on high alert. The cabal is doing all they can to hold up the stock market, but margin call selling and mutual fund redemption selling is all, and more, than they can handle. Rarely have stock market watchers seen such tremendous volatility, which seems to be intensifying.

The DOW has become the wild one, after holding up in a relative sense for so long. It finished the day at 8684, down 117. Three times it has roared back after plummeting to the 8600 level - once on Thursday and twice yesterday. Like the dollar, we have a triple bottom. When that bottom is taken out, look out below.

For the week, the S&P completed a MASSIVE TOP formation, finishing at 921. Measured move technical counts go all the way down to 600. OUCH!

The economic/financial news for the stock market and The Gold Cartel continues to worsen.

Washington, July 12 (Bloomberg) -- The U.S. government`s deficit may grow to about $165 billion this year, the Bush administration said, as slumping stocks reduce capital-gains tax payments.
The deficit forecast compares with one of $106 billion in January. -END-

www.lemetropolecafe.com

[Prof.Goldhagen]

Wer einen plötzlichen Goldpreisanstieg erwartet, sollte physisches Gold kaufen und keine Goldminenaktien.

Wenn Gold plötzlich auf 10.000 USD steigt, sind die Goldminen von weltweiter strategischer Bedeutung und werden für einen Apfel und ein Ei verstaatlicht werden.

Schließlich darf heute auch nicht jeder Geld drucken.

Wer noch unbedingt Aktien kaufen will, kann ja Silber- und Ölaktien kaufen.

[ThaiGuru]

@Prof.Goldhagen

Deiner Aussage kann ich nicht ganz zustimmen.

Dass die Goldminen wie Du schreibst, "für einen Apfel und ein Ei" übernommen würden, ist sehr, sehr unwahrscheinlich.

Wenn doch, dürfte das die Silber Minen noch mehr zutreffen, als Goldminen, gerade weil die Silbervorräte bald aufgebraucht sein werden, und von der Industrie in immer grösseren Mengen benötigt wird. Doch wie gesagt ich glaube nicht an ein solches Szenario.

Eher eine Silber Rationierung wäre denkbar, falls es in 1 1/2 bis 2 Jahren, in der Industrie zu grossen Versorgungs- Engpässen kommen sollte.

Was ich mir aber sehr gut vorstellen kann, wäre die Erhebung von massiven neuen Steuern auf die, bei einem starken Goldpreisanstieg, zu erwartenden extrem hohen Gewinne der Minen Gesellschaften. Auch eine Einführung einer neuen Edelmetallsteuer für die Besitzer von Edelmetallen, Gold und Silber Aktien wäre vorstellbar.

Zur Erinnerung:

Die Besteuerung der Edelmetalle mit WWST/WUST ist in den vielen europäischen Ländern, wie auch in der Schweiz, erst erfolgt, während des Goldrush zu Beginn der 80iger Jahre, nachdem die Goldpreise so stark gestiegen waren. Habe mich damals schon darüber geärgert, dass meine "Gold Vreneli" auf einmal mit Warenumsatzsteuer WUST belegt wurden.

Deine Meinung dass man physisches Gold kaufen sollte, kann ich aber zu 100% unterstützen. Meiner Meinung nach gilt das selbstverständlich auch fürs Silber.

Bis es aber zur Einführung von neuen Steuern, oder wie Du erklärst, Verstaatlichung von Minen kommen könnte. Haben Gold, und Silber Minen noch gewaltiges Preissteigerungs-Potenzial vor sich.

Gruss

ThaiGuru

[ThaiGuru]

Das wird ja immer "schöner", jetzt schreibt auch noch die Washingthon Times vom einer Wirtschafts Kriese und Rezession!

Gruss

ThaiGuru



http://www.washtimes.com/business/20020713-4268236.htm

Market fuels fears of `double-dip` recession


By Patrice Hill

THE WASHINGTON TIMES

July 13, 2002


"We cannot rule out a financial crisis and return to recession before year end," said David A. Levy of the Jerome Levy Economic Institute, citing "the rapid spread of the accounting scandal, the relentless bear stock market, currency instability, the alarming situation in the Middle East and the increasing corporate-credit crunch."

Ganzer Bericht unter diesem Link:

http://www.washtimes.com/business/20020713-4268236.htm

[ThaiGuru]

http://www2.swissinfo.org/sde/Swissinfo.html?siteSect=143&ei…

Schweizer Zeit 00:58, Sonntag 14.07.2002

24 Tote bei Angriff islamischer Extremisten in Kaschmir

JAMMU - Islamische Extremisten haben im indischen Teil der umkämpften Kaschmir-Region bei einem Angriff auf ein Armenviertel der Winterhauptstadt Jammu 24 Menschen getötet. 35 weitere Menschen seien bei dem Angriff verletzt worden.

Die meisten der Opfer seien Frauen und Kinder gewesen, teilten Polizei und Augenzeugen mit. Ein Polizeivertreter sagte, mehrere als hinduistische Geistliche verkleidete Männer hätten in dem Stadtviertel Qasim Nagar wahllos das Feuer auf Passanten eröffnet.

Nachdem sie mitten in dem Viertel mehrere Menschen niedergeschossen hätten, seien die Männer in zwei nahe gelegene Hindu-Tempel gelaufen und hätten von dort aus weiter Zivilisten beschossen. Einer Augenzeugin zufolge liefen Hindus in Panik aus den Tempeln, nachdem die ersten Schüsse gefallen seien.

Der Angriff ist der schwerste Zwischenfall in der Region seit Mitte Mai. Damals töteten Extremisten 34 Inder und provozierten damit eine militärische Eskalation zwischen den Atommächten Indien und Pakistan. 132157 jul

13.07.2002 21:58, SDA-ATS

[siam123]

@THAI GURU,

moin, wie löst Du das Gewichtsproblem beim Kauf von

physischem Silber, wenn ich z.B. 10.000 € anlegen

möchte.

Oder habe ich da etwas übersehen ?

mfG & schönen Sonntag,

siam

[aneises2]

Hallo Siam123,#

warte doch einfach noch ein paar Monate oder Jahre (je nach körperlicher Leistungsfähigkeit).

Gruß
aneises2

[siam123]

@Hallo,aneises2 ,

danke für die geistreiche Antwort ,

mfG,

siam

[logo8]

die Minenverstaatlichungen dürften heute nicht so leicht sein, weil insbes. auch die USA-Minengesellschaften große internationale Interessen haben - vielfacher Abbau sonstwo auf der Welt. Und da kann Gott sei Dank der Ami nicht einfach die Werte (Auslandsresourcen) verstaatlichen. Aber sonst wäre das denkbar - die Amis haben schon öfter "zum Schutz der Nation" enteignet.
Ich denke auch, die Steuerschraube (und wer weis was für Tricks) werden angewendet.
Ich persönlich kaufe aber wenn möglich eher kanadische Werte bzw. lasse die Aktien über Toronto kaufen.

[ThaiGuru]

@siam123

Empfehlen kann ich Dir den Kauf von 1000 Unzen Silber Barren, was etwas mehr als 30 KG entspricht. Dazu erhälst Du ein Echtheitszertifikat (UBS)

Nach meiner Kurzberechnung ergäben 10000.- Euro ca. 2 Barren a 1000 Unzen, oder ca. 60 Kilo Silber.(Ohne MWST, Gebühren)

Du müsstest also zwei mal zum Auto laufen falls Du diese zwei Barren nach Hause nehmen willst.

In der Schweiz wird bei der Auslieferung von physischem Silber eine Auslieferungs Gebühr erhoben, deren Höhe Du unbedingt vor Deinem Kauf telefonisch abklären solltest.

Bei 1 KG Barren, hat z. Bsp. die UBS die Frechheit, von Ihren Kunden eine Auslieferungsgebühr von 50.- CHF zu verlangen. Bei 1000 Unzen Barrren sind diese "Gebühren" pro KG bedeutend billiger, aber man sollte vorher bei mehreren Banken anfragen, und auch versuchen zu Handeln. Bei mir hat das geklappt.

Letzte Woche habe ich bei einem Silber Unzenpreis von 4.92$
nochmals 3 Barren Silber a 1000 Unzen zugekauft.

Im Ergebnis hat mich ein KG Silber, inkl. MWST und Auslieferungs-Gebühr 269.- CHF gekostet.

Beim heutigen Kurs des Silbers von 5.05$ dürfte es schon etwa 6.- CHF mehr pro KG sein.

Da aber Silber 1979 einmal auf dem Höchst 2900.- CHF gekostet hat, der Unzenpreis lag damals bei 54.- US Dollar pro Unze, laden die heutigen Preise direkt zum Kaufen ein.

Ein Kauf von physischem Silber, sollte aber als Langzeit Anlage getätigt werden, mind. 2 Jahre, und nicht nur für einige Monate, weil die An- und Verkaufs Margen der Banken mit ca. 6% (UBS) recht gross sind, und man auch die MWST und Auslieferungs Gebühren mit einkalkulieren muss.

Trotzdem sollten alle Silber Investoren in diesen sauren Margen-, Steuern-, und Gebührenapfel beissen, und nicht aus falscher Sparsamkeit, Silber auf Papier kaufen, Edelmetall-Konto, Silberzertifikate, oder ähnliche Instrumente. Das könnte sich wer weiss, später als grosser Schuss in den Ofen erweisen, da Papier Silber eben auch nur Zahlungsversprechen sind, und Zahlungsversprechen können, wie jeder weiss, gebrochen werden. Argentinien, Enron, etc. lässt grüssen.

Gruss

ThaiGuru

[ThaiGuru]

http://www.business.scotsman.com/index.cfm?id=757162002


Sun 14 Jul 2002

Thistle to strike gold with Aim

Doug Morrison


SCOTS entrepreneur Willie McLucas is poised to bring Thistle Mining to the Alternative Investment Market in a flotation expected to value the gold mining company at about £50m.

The float marks an important step in McLucas’s ambition to make Thistle one of the world’s top 20 gold producers and is a further sign that investors are turning to the mining sector as a ‘safe haven’ during the current volatility in equities.

Thistle, chaired by Lord Lang of Monkton, the former Secretary of State for Scotland, is planning to raise between £3m and £7m and the shares are due to start trading on Aim later this month following a marketing roadshow that has been well-received by UK institutions.

The Thistle float will also represent another coup for Aim, London’s junior stock market for smaller growing companies. So far this year Aim has attracted 81 new admissions and has accounted for 34% of all the initial public offerings in western Europe at a time when IPOs on the main market have struggled to generate investor interest.

Edinburgh-based Thistle, which is already listed on the Toronto Stock Exchange, has five production mines in South Africa as well as interests in the Philippines and Kazakhstan.

The key attraction to investors is South Africa, where in February this year Thistle paid some £20m for part of the President Steyn Gold Mines complex 250 miles south of Johannesburg.

According to analysts, the one-mile deep mines are likely to produce 200,000 ounces of gold this year with the potential to increase to 500,000 a year.

McLucas said: "It was profitable from day one but five months on we are beginning to see operational improvements."

The acquisition and the rising price of gold swiftly led to a re-rating of Thistle’s share price on the Toronto stock market. The shares soared from 20 cents to 90 cents although they have since slipped back to 65 cents (27p).

"The market is catching its breath," said McLucas. "People say we’re just coming to Aim to take advantage of the rising share price but if we wanted to do that we could have made the move six weeks ago when the shares were 90 cents."

McLucas took control of Thistle in 1998 when it was little more than a shell company, quoted in the UK and with some 6,000 British investors, most of whom have retained their shareholdings. "We’re effectively going back to their market place," said McLucas.

Nevertheless the rising price of gold, largely due to the volatility in stock markets in the aftermath of September 11, has led to renewed investor interest in specialist producers such as Thistle. During the past six months in Canada, mining companies have raised more than US $1bn (£640bn).

At $315 (£202) an ounce, the price of gold is at its highest level for more than two years and some observers believe it could go as high as the $700 (£450) it reached in the late 1970s. McLucas, meanwhile, has put in place an arrangement with his banks to hedge against a fall in the gold price to provide long-term protection of Thistle’s earnings.

McLucas emerged as a player in the mining sector as a broker during the 1980s. He had an early - and innocent - involvement in the infamous Bre-X discovery, which purported to be one of the richest gold finds ever before turning out to be a fraud.

However it was with coal mining that saw McLucas rise to prominence in Scottish business circles four years ago when he resigned as chief executive of Waverley Mining after flooding caused the closure of the Monktonhall colliery.

With Thistle, McLucas is adhering to strict policy of avoiding speculative exploration and concentrating on existing, known deposits. Thistle posted group-wide losses of $5.5m in its 2001 accounts although the benefits of its South African assets have yet to emerge.

Grant Thornton is Thistle’s nominated adviser in the float along with Canaccord Capital, the first Canadian firm to have accreditation on Aim.

A spokesman for the London Stock Exchange said: "We have been getting considerable interest in Aim from North America, and in particular Canada. This is primarily from the healthcare and resources sectors. Because of this, we have made Canada one of our priority markets."

[e-mail]

[ThaiGuru]

Die Wirtschafts-Krise nimmt weiter ihren Lauf!

Man muss sich das mal vorstellen, die CS-Group, die selbst mit eigenen grossen image (Finanz?) Problemen zu kämpfen hat, deren Aktienkurs sich seit Monaten auf Talfahrt befindet, muss 1,7 Milliarden CHF bei der Weltbekannten Versicherung "Winterthur" notfallmässig einschiessen, um deren Existenz nicht zu gefärden.

Die Schweizerische Rentenanstalt, auch ein sogenanter "Blue Chip", steht nach eigenen Angaben vor riesigen finanziellen Problemen. Auch wenn einige CH-Versicherungen versichern, sie hätten noch genügend Reserven, heisst das ja nichts anderes, als dass diese Firmen von der Substanz leben.

Die Swissair war nur der Beginn einer Entwicklung. Jetzt brodelt es unter anderem bei den Versicherungen, dadurch werden vermutlich auch die Banken in massive Bedrängnis geraten. Bekanntlich sind die beiden grössten CH Banken "UBS" und "CS-Group" auch massiv in Goldderivativ Geschäfte verstrickt, übrigens genau so wie eine "Deutsche Bank".

Wohin dieser Trend, uns alle, mit seinen negativen Auswirkungen führen könnte, falls nicht ein Wunder an den Börsen geschehen wird, sollte doch eigentlich allen Lesern jetzt schon klar sein.

Direkt ins Gold und Silber!


Gruss

ThaiGuru




http://www.sonntagsblick.ch/PB2G/PB2GA/pb2ga.htm?snr=33509


Artikel vom 14. Juli 2002 / Quelle: SonntagsBlick


Die Versicherer und ihre Geschäftspolitik
Reserven verschlampt!

VON ANDREAS VALDA

ZÜRICH – Ende der 90er-Jahre versprach die Rentenanstalt hohe Rentensätze und vernachlässigte die Reserven. Jetzt, wo sie aufgebraucht sind, will sie sich über eine Senkung des Mindestzinssatzes sanieren – und bringt Metzlers Bundesamt in Zugzwang.

«Die zweite Säule ist in Gefahr», behaupteten die Vertreter der grossen Versicherungen am Freitag vor Journalisten in Zürich. Wenn der Bundesrat den Zinssatz nicht senke, dann werde es allen an den Kragen gehen.
Doch weit gefehlt. Die Zeichen verdichten sich, dass die Regierung bei der panikartigen Herabsetzung des Mindestsatzes von 4 auf 3 Prozent nur die beiden grössten Lebensversicherer des Landes im Auge hatte: die Rentenanstalt/Swisslife und die CS-Tochter Winterthur mit ihren Sammelstiftungen.

Erstes Indiz: Den andern geht es gut. «Wir haben noch dicke Reserven», sagt etwa Hans Weber, Chef der Pax-Versicherungen. Auch Paul Müller, Konzernchef der Helvetia Patria, bestätigt: «Unsere Situation ist keinesfalls dramatisch.» Und selbst der Sprecher der Bâloise, Philipp Senn, freut sich gegenüber SonntagsBlick, dass die Schweizer Nummer vier kaum betroffen sei: «Unsere Aktien waren vom Kurssturz nicht betroffen.»

Bei der Zürich tauchte der Kurs zwar, aber aus anderen Gründen. Das Geschäft mit den Sammelstiftungen macht gerade 3 Prozent des Prämienvolumens aus. Der Direktor des Bundesamtes für Privatversicherungen, Peter Pfund, bestätigt: «Ein Rentengrounding in dieser Form ist für uns nicht denkbar.» Es trifft nur die zwei Grossen, Rentenanstalt und Winterthur.

Zweites Indiz: Der Chef der Rentenanstalt, Roland Chlapowski, offenbarte in einem Geheimpapier vom 7. Juni, das dem Bundesrat vorlag. Die «Situation ist für die Lebensversicherer sehr kritisch», schrieb er – und meinte damit seinen eigenen Konzern. «Ohne Richtigstellung der technischen Parameter ist eine Sanierung nicht möglich.»

Drittes Indiz: Chlapowski beteuerte, fast alle Überschüsse an die Versicherten weitergegeben zu haben. Dies stimmt. Aber anders, als man es bisher verstanden hat. Von 1997 bis 2000 herrschte enorme Konkurrenz unter den Versicherern. Allen voran die Rentenanstalt und die Winterthur boten exzessive Überschussbeteiligungen an und vergassen, dass das Geld auch exzessiv in die Reserven fliessen sollte.

Zwei schlechte Börsenjahre präsentieren die Rechnung: Die Verträge sind da, die Reserven aber futsch – alles unter Aufsicht des Bundesamts. Es segnete die Auszahlung hoher Überschüsse ab und vergass, die Versicherer zu grosser Reservenbildung anzuhalten.

Mit den Fehlentscheiden von 1997 bis 2000 sitzen Ruth Metzler und ihr Bundesamt jetzt im selben Boot mit der Rentenanstalt und der Winterthur, der die CS kürzlich 1,7 Milliarden Franken nachschiessen musste.

[ThaiGuru]

Wer Interesse an den Auswirkungen der gerade ablaufenden Wirtschafts-Krise auf die deutschen Versicherungen hat, sollte sich diesen Bericht in deutscher Sprache (PDF Format), mal runterladen.

Lässt sich nur mit Gänsehaut lesen!

Elke Weidenbach, Verbraucherzentrale NRW

"...in der Versicherungswirtschaft gibt es keine Sicherungsfonds wie bei den Banken, so dass der Kunde ... sein ganzes Geld verlieren kann."

http://www.share-infos.de/admin/artikel/Bilder/ACF4735.pdf

[ThaiGuru]

http://www.321gold.com/images/321goldlogo2.gif

http://www.321gold.com/editorials/gebhard/gebhard07_15_02.ht…

GOLD & SILVER REVIEW

For Mon July 15, 2002

Erik Gebhard

August Gold:

Lethargic and anemic - that is how best to describe today`s action, as gold lazily drifted lower to settle at $315.9, down $1.7. Retail sales were a bit stronger than anticipated, the dollar was a smidgen stronger, and stocks at the very least didn`t collapse. On the week, gold is higher about $3.5.

President Bush is coming under pressure to shore up the equity markets, which of course isn`t really possible. President`s aren`t legislated a magic wand last time I looked. Besides, the market needs the "medicine" it is getting, as his budget forecasts shortfalls for a few years. The shortfall can be blamed on increased defense spending, increased social spending and a shortfall of capital gains tax revenue. After all, if everybody has been losing in stocks, there aren`t any capital gains to be taxed! So, don`t be surprised to see some political maneuvering intent on lifting stocks ahead of mid-term elections. This might lift the dollar as well, which would hurt gold bulls.

For gold to continue with another substantial run soon, we`ll need to see more ground removed from under the dollar and equities. Longs from $312 should protect profits and be out on a close below $315.7. After all, if stocks/dollar bounce, gold could dip again and give us another buying opportunity.

Look to $319 as resistance, there is lots of congestion there.

September Silver:

After seven consecutive positive closes, we ended the day in the red by 2.7-cents, to close at 506.5. We hit a 22-day high yesterday but without newfound influences, silver took a breather today.

Last week prices broke out above the top of recent congestion and have rallied. The gap near 511 from 6/4 was filled in and it looks poised to take out stops above the high at 517. The 6-month uptrend remains intact with the nearest layer of support near 494, but prices could search out the gap near 499 before going higher.

If you are interested in Altavest`s Papertrader Online service or trading futures or options, contact Erik Gebhard and visit us online to request our free Starter Kit. Keep in mind that there is risk of loss in all trading.

Erik Gebhard

***

[Tippgeber1]

@Trendfolger,


#1435 von Trendfolger 13.07.02 19:49:35 Beitrag Nr.: 6.871.878 6871878
Dieses Posting: versenden | melden | drucken
"warum regen sich welche darüber auf, wenn einer mit verschiedenen namen schreiben tut? wenn einer zwei lottoscheine ausfüllt mit dem namen von sich und einem kind regt sich doch auch keiner auf."

Natürlich ist es kein Beinbruch, wenn viele User hier zig Namen benutzen. Ist deren Ding. ich selber halte davon gar nichts. Unangenehm wird es dann, wenn man sich selber durch eigene Usernamen hochlobt und/oder in selbiger Straße wohnt. Damit untergräbt man seinen eigene Glaubwürdigkeit hier im Board und gräbt sich sozusagen selber das Wasser ab.

Natürlich, wenn bestimmte User User x nerven, kann er diese durch andere Namen abwatschen - schon nachvollziehbar, aber diese massive Lobhudelei nervt dann irgendwann doch. Oder User x zieht sich zurück und ein anderer User berichtet nahezu täglich mehrfach, wie es User x geht und das er gerade im Pool sitzt und uns schön grüßen läßt
......
Spätestens da wird die Sache unangenehm.

Wenn dann noch 400 User im Wo Board aktiv sind und 5000 sollen geklickt haben, dann ist das mehr als sonderbar. Dann wird dann ein Ehrgeiz in die falsche Richtung entwickelt. Dann möchte User X seinen Seite vorne sehen, um jeden Preis und das erscheint mir irgendwie nicht nachvollziehbar.

Fazit:
Der Vergleich mit dem Lottoschein hinkt etwas, weil durch das Ausfüllen des Lottoscheines mit x Namen, ja nicht Online viele Tipper in Ihrer Entscheidung beeinflußt werden können.

Im Gegensatz dazu, könnte hier im Board, theoretisch sehr wohl, durch gutes Zusammenspiel verschiedener Usernamen, selbigen Users, zig Tausende User in bestimmte Richtungen beeinflußt werden. Ja, das halte ich für möglich. Die Meute braucht irgendwo einen Leitwolf, dem sie folgen kann.

Und das erscheint mir nicht unbedingt erstrebenswert zu sein. Wozu solche Tricks?


Dir weiterhin alles Gute



Tippgeber

[ThaiGuru]

Zum Schluss noch eine Meldung die mir fast die Sprache verschlägt.

Die USA werden Kubanisiert!

Oder sollte ich sagen die USA kopieren die DDR ?

Doch lest selbst.

Mit diesem Posting verschwinde ich für eine Woche von der Board Fläche, und wünsche allen eine erfolgreiche Gold und Silber Woche.

Tschüss

ThaiGuru




http://www.smh.com.au/articles/2002/07/14/1026185141232.html

US planning to recruit one in 24 Americans as citizen spies

By Ritt Goldstein

July 15 2002

The Bush Administration aims to recruit millions of United States citizens as domestic informants in a program likely to alarm civil liberties groups.

The Terrorism Information and Prevention System, or TIPS, means the US will have a higher percentage of citizen informants than the former East Germany through the infamous Stasi secret police. The program would use a minimum of 4 per cent of Americans to report "suspicious activity".

Civil liberties groups have already warned that, with the passage earlier this year of the Patriot Act, there is potential for abusive, large-scale investigations of US citizens.

As with the Patriot Act, TIPS is being pursued as part of the so-called war against terrorism. It is a Department of Justice project.

Highlighting the scope of the surveillance network, TIPS volunteers are being recruited primarily from among those whose work provides access to homes, businesses or transport systems. Letter carriers, utility employees, truck drivers and train conductors are among those named as targeted recruits.


A pilot program, described on the government Web site www.citizencorps.gov, is scheduled to start next month in 10 cities, with 1 million informants participating in the first stage. Assuming the program is initiated in the 10 largest US cities, that will be 1 million informants for a total population of almost 24 million, or one in 24 people.

Historically, informant systems have been the tools of non-democratic states. According to a 1992 report by Harvard University`s Project on Justice, the accuracy of informant reports is problematic, with some informants having embellished the truth, and others suspected of having fabricated their reports.

Present Justice Department procedures mean that informant reports will enter databases for future reference and/or action. The information will then be broadly available within the department, related agencies and local police forces. The targeted individual will remain unaware of the existence of the report and of its contents.

The Patriot Act already provides for a person`s home to be searched without that person being informed that a search was ever performed, or of any surveillance devices that were implanted.

At state and local levels the TIPS program will be co-ordinated by the Federal Emergency Management Agency, which

was given sweeping new powers, including internment, as part of the Reagan Administration`s national security initiatives. Many key figures of the Reagan era are part of the Bush Administration.

The creation of a US "shadow government", operating in secret, was another Reagan national security initiative.

Ritt Goldstein is an investigative journalist and a former leader in the movement for US law enforcement accountability. He has lived in Sweden since 1997, seeking political asylum there, saying he was the victim of life-threatening assaults in retaliation for his accountability efforts. His application has been supported by the European Parliament, five of Sweden`s seven big political parties, clergy, and Amnesty and other rights groups

[Tippgeber1]

Schönen Urlaub wünsche ich Dir.

Gruß
Tippgeber

[Trendfolger]

Mir fällt auf dass das mit der useranzahl totales quatsch ist. wenn ich hier drin bin im Board klicke ich immer wieder mal auf die Seiden vom Guru und vom Blechi. manchmal 50x am Tag.

#1463 von Trendfolger 15.07.02 08:52:07 Beitrag Nr.: 6.880.618 6880618
Dieses Posting: versenden | melden | drucken
qTippgeber

in diesem Board gibt es doch gar keine Rangliste. Im Arivaboard gibt es eine. Guck es Dir mal an. Das iost eine richtige Rangliste. Bei WO ist es doch Scheißegal. Warum regst du dich überhaupt auf?

[Tippgeber1]

@Blechi alias Gebr.Hunt alias Trendfolger alias Gringo1


Wie damals Blechi schreibt Trendfolger alias Gebr. Hunt alias Gringo1 auch in beiden Boards.

Bitte Blechi alias Trendfolger alias Geb.Hunt alias Gringo1 mißbrauche nicht dieses Board, wenn sich Thai im Urlaub befindet.

Antwort gab ich Dir im anderen Board ausführlich.


Dank für Dein Verständnis Blechi.


Gruß

Tippgeber

[loehle]

Ein seltenes Bild
Dow Jones - 320 Punkte
T-Bond - 0,28
Geldmangel ?????

[ThaiGuru]

Es gibt auch noch andere Gold/Silber Minen, als CDE und MacMin!

Gruss aus dem Urlaub.

ThaiGuru



18 July, 2002

News Update from the Idaho silverfields!

Coeur d’ Alene, Idaho – While knowledge-challenged members of Congress are busy “restoring investor confidence” by pontificating on TV and proposing massive new bureaucratic legislation, developments in mining stocks continue apace up here in our area. For instance:

Hecla Mining (NYSE:HL) – Hecla on Monday boosted its estimates for 2002 gold and silver production. The Coeur d’Alene miner said it now expects to produce about 215,000 ounces of gold and 8 million ounces of silver this year -- a 10 % boost for gold estimates, and a 7 % hike for silver estimates. During the first six months of the year, Hecla produced 120,000 ounces of gold and 4.3 million ounces of silver. The stock was trading lately at about $4.50, up around 60% in the past 90 days despite market corrections.

Sterling Mining (PinkSheets: SRLM) – Sterling reports it has picked up 60 acres of unpatented claims in the Beacon Light area of the Silver Valley. This is along the Osburn Fault, about three miles east of Hecla’s Lucky Friday Mine in Mullan. 99 year-old Sterling has added significantly to its Silver Valley land position in recent years. It now has over 1,500 acres of Valley silver claims -- some right next door to active mines and under lease to major producers -- as well as ground in Montana, Nevada, and Arizona. With less than 5 million shares out and a public float of only around 3.5 million shares, Sterling could react favorably to a recuperating silver market. SRLM traded lately at .23.

Northwest Mining Association – Though snow is still waist-deep in some shaded spots in the high country (we know this because we were up trying to walk on top of it last weekend), the Northwest Mining Association is already planning for its 108th Annual Meeting, to be held December 2 through 6 in Spokane. A 107-year-old non-profit trade association, the NWA is headquartered in Spokane and has about 2,000 members. It supports the mining industry in Alaska, Idaho, Montana, Oregon, and Washington… as well as Alberta, British Columbia, and the Yukon and Northwest Territories. You’ll find details on the NWA, the Annual Meeting, its newsletter, and other good info on its newly redesigned website. Go to http://www.nwma.org .

New Jersey Mining (OTCBB:NJMC) – New Jersey reports that two diamond drill holes have been completed in the exploration program at its gold mine near Kellogg. Samples were sent off to ALS Chemex for analysis. Another 1,000 meters of drilling is planned for this year. Some will be under the existing open pit in an effort to boost reserves. Meantime, the firm awaits permits for drilling programs this year at its Lost Eagle gold and silver prospect at Murray and its Silver Strand underground silver mine just outside Coeur d’Alene. Headed by the father and son mining engineer team of Fred and Grant Brackebusch, NJMC started the year at 6 cents… and is trading now at about .28.

Fischer-Watt Gold Company (OTCBB:FWGO) – Fischer-Watt says recently received results of diamond drilling late last year on its La Balsa copper property in Michoacan, Mexico, support its plan to develop a relatively small copper mine in the upper ore body. The little Coeur d’Alene outfit said column testing by Mountain States R&D International and Leach, Inc. was designed to be applied in a bankable or commercial feasibility study. FWGO has been trading lately at about five cents.

Trend Mining (OTCBB:TRDM) -- Trend, a one-time junior silver that has shifted its focus to PGM metals, added a heavyweight new director to the Board when Bobby Cooper joined it recently. Cooper is former President and CEO of giant Kennecott Corporation, now a subsidiary of even larger Rio Tinto. Trend earlier this year acquired sole ownership of the Lake Owen platinum-palladium-gold property in Wyoming. Shares have traded lately in the .50 range, down from a 52-week high of .80.

Minera Andes (OTCBB:MNEAF/CDNX:MAI) -- For the second time in recent weeks, Spokane-based Minera Andes had good news about the drilling by joint venture partner Mauricio Hochschild & Cia. Ltda. at its Huevos Verdes property in Argentina. (Mauricio Hochschild is a large, century-old Peruvian mining firm.) Minera says Australia’s Snowden Mining Industry Consultants Inc. has provided an independent estimate on two target areas of the developing project of more than 900,000 gold equivalent ounces or 55 million silver equivalent ounces. Underground exploration and development construction is scheduled for later this year. MNEAF is trading lately at about .25, up from around a nickel at the start of the year.

Metalline Mining (OTCBB:MMGG) -- Metalline reports it purchased equipment, improvements and surface rights to over 300 acres of property at its Sierra Mojada Project in Coahuila, Mexico. The local outfit says the surface rights and improvements it bought from Mineros Nortenos Cooperativa give it use of frames, hoists and other equipment necessary to mine the property, where it already had mineral rights. Prior exploration at Sierra Mojada indicates promising amounts of silver, copper, zinc, lead and germanium – a rare element used in microchips. With a 52-week high of $2.75, MMGG has been trading recently at about $1.55.


"Martyrdom is the only way a person can become famous without ability." George Bernard Shaw

Editor: Tom Wobker

[ThaiGuru]

10p ET Thursday, July 18, 2002

Dear Friend of GATA and Gold:

More great reporting at http://www.theminingweb.com. Tonight
it`s an article by Tim Wood about the conversion to
gold of Morgan Stanley global strategist Barton Biggs.
Here`s the first paragraph:

NEW YORK -- More famous for punting
Japan and other exotics, Morgan Stanley
global strategist Barton Biggs is lately
a gold bull, and a convincing one. In a
report circulated on Wednesday, Biggs
wrote: ".I have never believed in gold,
for all the conventional reasons, but now
I am changing what`s left of my mind. I
think there is a plausible case that a
professionally managed portfolio consisting
of the metal itself and gold shares could
realize returns of 15 percent real per
annum in the difficult environment ahead."

You can find the whole story here:

http://www.mips1.net/MGGold.nsf/Current/4225685F0043D1B28525…
6E?OpenDocument" target="_blank" rel="nofollow ugc noopener">http://www.mips1.net/MGGold.nsf/Current/4225685F0043D1B28525…
6E?OpenDocument

Or just go to MiningWeb`s home page:

http://www.theminingweb.com/

The story is headlined: "Morgan Stanley `name` backs
gold."

While Biggs seems to be pirating the research of GATA`s
heroic consultant, Reg Howe, without giving attribution,
we may be happy that the word is getting out in any
case.

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

[vomo]

TECHNICALS-Gold eyes $320 as euro strengthens vs dlr


---------------------------------------------------------------
SPOT NY CLOSE * SUPPORT * RESIST * RSI14 * MA10 * MA30
GOLD 316.95/7.45 * 316.00 * 322.00 * 65 * 316.71 * 317.45
SILVER 4.97/4.99 * 4.95 * 5.15 * 57 * 5.01 * 4.91
PLAT 525.00/3.00 * 520.00 * 550.00 * 43 * 523.80 * 538.55
----------------- VIEWS FROM THE MARKET - July 19 -------------
LONDON, July 19 (Reuters) - Gold was seen technically ranged
between $316-322 a troy ounce on Friday although the euro`s
strength against the dollar <EUR=> and Wall Street`s fall to
fresh five-year lows should support the metal in the short-term.
Silver is seen tracking gold`s movements after breaking
through the psychologically important $5.00 an ounce level
again. Platinum and palladium were seen drifting in current
ranges.

GOLD - Gold was seen technically well supported at $316 a
troy ounce and aiming to break first resistance at $320, spurred
by renewed euro strength against the dollar and wilting stock
markets.
At 0642 GMT spot gold <XAU=> was quoted at $318.90/319.40 a
troy ounce, up from $316.95/317.45 at the close of trade in New
York on Thursday.
"Technically, $316 support in gold is looking good and
should hold firm given that investors are wary of the stock and
currency markets," said Standard Bank London.
"Further losses for the dollar and equity may trigger
renewed buying of gold. $320 should provide a strong resistance,
but if the euro firms up further, we could be heading towards
$330," it said.
The 10- and 30-day moving averages are converging on the
$316/317 an ounce level and this area has provided good support
against forays on the downside by spec and trade sellers.
Gold was also well supported after bouncing up from $315.90
an ounce earlier this week, technical analysts said.
But similarly, on the upside, the market is still well
capped at $320 and gold`s failure to crack this resistance
earlier in the week has led to some disappointed liquidation.
The direction of the euro-dollar is seen as critical to
gold`s fortunes.
The dollar fell against most major currencies on Friday
in Asia, sliding to a 2-1/2 year low against the euro <EUR=>
spurred by Wall Street`s falls and weak U.S. economic data.
As of 0644 GMT, the euro was at $1.0160 against Thursday`s
late U.S. level of $1.0097. It rose to $1.0215, a high not seen
since January 2000.
Sharp falls in stock markets were seen supporting gold as
speculative funds moved into the safe-haven asset.
In U.S stock markets, the broad market tumbled to 5-year
lows on Thursday as a flurry of dismal corporate earnings
reports pummelled hopes company profits were on the mend.

SILVER - Silver was expected to track gold while looking to
build a solid base of supprt at the $5.00 mark.
At 0645 GMT spot silver <XAG=> was quoted at $4.99/5.01, up
on $4.97/4.99 in New York on Thursday.
Silver`s 14-day relative strength index now lies at 57
percent, down from close to 80 percent at the start of the week.

PLATINUM AND PALLADIUM - Both platinum group metals were
seen stuck in current ranges in thin seasonal trade.
Spot platinum <XPT=> was quoted at $525/530.00, unchanged
from New York`s closing levels, while palladium <XPD=> was at
$320/330 an ounce against its previous close at $320/330.
((-Steven Swindells, London newsroom, [phone], fax
[phone]))

For related news and prices, click on the codes in brackets:
Spot gold/silver <XAU=> <XAG=> Platinum/palladium <XPT=><XPD=>
Gold lease rates <LGLR> Comex gold futures <0#GC:>
Europe/Asia prices <GOLD/EU1> <GOLD/EU2> <GOLD/ASIA1>
RELATED NEWS AND OTHER TOPICS
Precious metals news [GOL] All metals news [MTL]
Metals summary [GLANCE/MTL] Index of summaries [GLANCE/]
All commodities news [C] Metals diary [MTL/DIARY]
Ldn Bullion Mkt Assoc <LBMA01> Foreign exchange rates <FX=S>
SPEED GUIDES
<COMMODS> <PRECIOUS1> <PRECIOUS/FUT1> <PRECIOUS/CASH1>
<PRECIOUS/SWAP1> <PRECIOUS/VOL1> <REUTERS>

(C) Reuters 2002. All rights reserved. Republication or redistribution of
Reuters content, including by caching, framing or similar means, is expressly
prohibited without the prior written consent of Reuters. Reuters and the Reuters
sphere logo are registered trademarks and trademarks of the Reuters group of
companies around the world.


nL19461828
PREC/I

Jul-19-2002 06:59 GMT
Source RTRS Reuters News
Categories:
RSF EUROPE GB GOL INSI LEN MET RTRS WEU XREF PROD/C PROD/EMK PROD/MF
PROD/MTL PROD/PMF PROD/SF PROD/UKI R/EUR R/GB N/GPC F/TEC L/EN N/BAS FSN/01267
N/MKT N/MET MST/F/TEC MST/L/EN MST/N/GPC MST/N/BAS MST/N/MKT MST/N/MET
MST/R/EUR MST/R/GB

[ThaiGuru]

July 18 - Gold $316.90 down 60 cents - Silver $5 up 3 cents

All Hands on Deck!

It was a very quiet and dull gold day, but what a hullabaloo elsewhere in the financial markets. Gold first. Two items caught my attention:

*The most important was the Barton Biggs/Morgan Stanley report, now served at The Little Bear Table. The repercussions from this report should be no less than staggering. $500/$1,000 gold! Biggs sounds like Midas. 5% of a generalist fund in the gold shares! The pitifully small gold share market CANNOT handle that kind of buying from generalist funds. When gold explodes, you will not be able to buy gold stocks without paying up like you have never seen before.

The gold analyst world is a joke. Why don’t we hear talk, or analysis, like that of Barton Biggs from those turkeys? They are going to make the Enron, AOL, WorldCom, dot.com, Global Crossing analysts look quite credible in the end.

GATA will have its day. It is my intention to have certain bullion dealers hauled in front of a Congressional investigating committee and have them explain why they refused to tell the public what GATA discovered. We know the reason why and that is exactly the reason to haul them in.

Then we have:

Johannesburg, July 18 (Reuters) - Sough African gold miner Western Areas Ltd said on Thursday it has closed 1.5 million ounces of its hedge book, leaving its anticipated open hedge positions at. 1.9 million ounces over 12 years.

“The hedge position if being significantly restructured, with 1.5 million ounces of gold committed being closed out,” Western Areas said in a statement.

Newmont wins “Café Raspberry Award”

Boy, is Newmont full of it. In an interview, President Pierre LaSonde said that Newmont would buy back 1 million ounces of their 7, 250,000 million ounces of forward sales over the coming year because Newmont did not want to disrupt the market. He said something like he did not want to buy back their hedge book and have Newmont go from HERO to ZERO, as the gold price might soar and then collapse after they covered their forwards.

What a load of garbage. My guess is that Western Areas bought 1.5 million ounces over the past week or, at the most, over the past many weeks. Has the gold price soared?

Newmont led investors to believe they would cover the Normandy hedge book in relatively short order. Now they are telling investors their hedge book will still be 6 million ounces at the end of the year. Newmont wins the “Café Raspberry Award" for not telling it like it really is. They are just one more example of the hypocrisy in the gold world.

I know many Café members are Newmont shareholders and invested because they were supposed to be a quality, unhedged gold company. I would be very angry if I were a Newmont shareholder. Durban Deep covered its forwards. Now, Western Areas has coved close to half of its hedges. Why not Newmont? What are they not telling their shareholders?

Well, well, maybe the gold analyst tide is begun to turn. No Biggs, but another serious gold analyst bull surfaces:

www.theminingweb.com

JOHANNESBURG – Global investment bank HSBC has published a report on the gold market in which commodities analyst Alan Williamson predicts the bullion price will peak at $350/oz in the final quarter of this year. The bank`s London-based commodity research team also says the gold could "potentially…be looking at the most bullish scenario in twenty years", with a potential upside of between $100/oz and $200/oz.

[ThaiGuru]

CARTEL CAPITULATION WATCH

The DOW closed in new low ground for the move at 8409, down 133. The DOG barked down to 1356, a 40-point drop. As brought to your attention by Midas 3000 points ago, the NASDOG is on its way to 500/750. The S&P also closed in new low ground at 881, down 24.47. The S&P is headed for 600.

Two of the stocks Midas focused on yesterday were hit hard:

*J.P. Morgan Chase is on the run. Their share price dove to $27.20, down $.94.
*AIG was battered as it closed at $57.23, down $3.67.

Both of these firms are bullion dealers. It would not surprise me if both have SERIOUS derivatives problems.

In Midas yesterday I said something smelled wrong. That just may be it.

Why did Barton Biggs choose to come out with his report on gold at this point in time? My guess is that he has wind that something IS seriously wrong. He has to know that the gold market has been manipulated, as Morgan Stanley is part of the cabal. Therefore, he must think that their participation in the gold fraud is going to end soon - either voluntarily, or involuntarily.

Morgan Stanley has been a major seller the past few weeks. As mentioned yesterday, gold should have tanked on Wednesday. "Why did it not?" I asked. This may also be why. Barton Biggs probably knows what is coming and WHY. The word of his gold report has to be spreading fast. Yes, might the jig be up for the gold crooks?

Keep in mind please that Morgan Stanley may be selling gold for the ESF. It does not have to be for their own account. All eyes will be on Morgan Stanley in the Comex gold pit.

Stay tuned!

www.lemetropolecafe.com

[kaepntnemo]

ok, thaiguru,
barton biggs wird zum konvertiten pro gold erklaert, aber heute in der FTD lautet der Titel seiner kolmune `longview`:
"Nur Verlierer wetten gegen Amerika".
Tenor: Amerikas
Wirtschaft braucht nur die Selbstheilungskraefte des Marktes zu beschwoeren -und alles wird gut.
Alles klar ?

gruss & dank
nemo

[vomo]

Man beachte den Hinweis auf die "bearishen US-Wirtschaftsdaten"...

"Reuters Market News
COMEX gold gallops up 3-week peak amid Dow valley

NEW YORK, July 19 (Reuters) - COMEX gold galloped up a three-week peak Friday morning as Wall Street continued to slip and the dollar lost ground in the face of bearish U.S. economic data.

Floor sources cited commission-house short-covering and speculative buying,
ADVERTISEMENT



"When we took out the weekly high, we accelerated and there was just nothing but buyers all the way up to $325" for August futures, said a New York broker. "There was not a seller to be found."

By 1026 EDT, COMEX benchmark August futures (0#GC at the New York Mercantile Exchange were up $5.20 or 1.64 percent at $322.30 an ounce, trading $317.2 to $326, its highest since June 26.

"Mostly, this was people getting out of shorts," said the broker.

Geopolitical instability prompted some investors to stock up on safe-haven gold as violence flared this week in the Middle East with militant Islamic group Hamas spearheading a campaign of suicide bombings in Israel.

"What happened was the market came in firm, the Dow was coming in (lower), and with euro and what`s happening in the Middle East, with the multiple bombings in Israel, I think that just added to `who the hell wants to be short this thing,`" the broker said.

Spot gold (XAU=) rose to $323.05/3.55, from its last New York close at $316.95/317.45. The London afternoon fix was $322.90.

Gold and currencies have been cuing off volatile stock markets, traders said. As investors took cover from wobbly equities markets and the weak greenback, gold last month shot to 2-1/2-year highs above $330.

U.S. stocks tumbled Friday as bleak forecasts from technology leaders like Sun Microsystems and a federal probe into drug giant Johnson & Johnson cast more gloom over Wall Street after Thursday`s sell-off.

Economic data released earlier added some luster to precious metals.

"The data too -- the trade deficit, the weak dollar, and you have the Michigan Sentiment coming out -- it is all of that," said AG Edwards commodity commentator James Quinn.

He said those factors combined to shove August gold futures up though buy-stops at $319.70 and then above $320 and $322.

The U.S. government said the trade deficit set a record in May for the second straight month, as strong American demand for autos, food and consumer goods lifted the gap to $37.64 billion, above expectations for a rise to $35.23 billion.

The June U.S. Consumer Price Index, the main U.S. inflation gauge, rose a mere 0.1 percent, showing inflation was tame. It was expected to rise by 0.2 percent, after a flat reading in May.

The Dow Jones industrial average fell 142 points or 1.69 percent in early trade to 8,267 after hitting its lowest close since September yesterday. The S&P and the Nasdaq were floundering near five-year lows.

Falling stocks threw the U.S. dollar on the defensive against the euro (EUR=) and the yen (JPY=). The euro bought $1.0141/46, off overnight 2-1/2-year highs, while the dollar/yen changed hands at 115.63 yen, down 0.75 percent.

COMEX September silver futures (0#SI gained 7.0 cents to $507.50, ranging $5.01-$5.10. Spot silver (XAG=) climbed to $5.06/08, from $4.97/99 previously. It fixed Friday at $5.01 an ounce.

NYMEX October platinum (0#PL was up $3 at $524 an ounce, nearing the top of its $510-$530 range this month. Spot platinum (XPT=) was at $527/531.

September palladium futures (0#PA slipped $2 to $321.50 an ounce. Spot (XPD=) was quoted at $321/327."

Quelle: http://biz.yahoo.com/rf/020719/markets_precious_2.html

[vomo]

Quelle: http://www.usagold.com/DailyQuotes.html



The Afternoon Gold Report...
by Jon Warner

July 18, 2002 (usagold.com)


Spot gold settled at $316.90 an ounce, off 60 cents from yesterday’s close. In currencies, the dollar strengthened against the euro and the yen. The U.S. dollar typically enjoys an inverse relationship with gold. The precious metals remained close to unchanged as a slumping Dow Jones industrial average gyrated at the open and the U.S. dollar wavered against the stronger euro. Traders were at a loss to describe the feature of the market in early trading. "There is absolutely nothing happening," said one broker. "It is just waiting for the stock market to move," said another.

London gold was fixed this afternoon at $317.65 an ounce, up from $316.60 an ounce at the morning fixing. "Gold remains range bound in soporific conditions, with the usual external parameters continuing to play their part," said Rhona O`Connell of the World Gold Council. However, she said that fund-based buying support held good in the $316 an ounce level. Gold fell back on Thursday morning as equities markets pushed higher and the dollar edged higher against the euro, leaving the bullion market vulnerable, traders and analysts said. "I sense that gold may come under some pressure, assuming the momentum in the stocks and the dollar continues," one London trader said. Support is found at $316 an ounce, an area that should hold strong given that investors are wary the stock and currency markets may merely be in a period of correction. Further losses for the dollar and equity weakness would trigger renewed buying of gold. Rory McVeigh, London-based dealer at Mitsuibishi Corp. said gold`s potential to break higher through $320 an ounce will depend on whether the euro can remain above parity against the dollar. "If the euro holds up we could be looking at the $320s and maybe $330an ounce," he said. On a technical basis, the low at $315.90/oz posted Wednesday may have completed a correction and the market now has the potential to retest $319- $320 an ounce, said J.P Morgan.

Gold closed at U.S. $317.05 an ounce on Thursday in Hong Kong, down 90 cents from Wednesday`s close of $317.95. Earlier in Asia gold traded within a narrow range of about $1.00. Fears of Bank of Japan intervention in the foreign exchange market dampening speculation in currencies and TOCOM gold futures, dealers said. "Gold tends to move in the opposite direction of the dollar and stocks, so the turnaround in these markets made it a little hard to buy gold today," said a trader with a bullion house in Singapore. The U.S. dollar strengthened against the yen during Asian trading hours. "I don`t feel they (U.S. stocks and dollar) have bottomed out yet," said a dealer of precious metals futures in Tokyo. "Stocks saw a natural short-covering rally after a 7-day slide and the dollar got a bounce on fears that the Bank of Japan might intervene to hold back the yen. But gradually, both the dollar and US stocks are likely to resume their downward moves." "The stock market still has a way to go before it can recover investor confidence, and that bodes well for gold," said a trader in Singapore. "If we see another selloff on Wall Street, look for more funds to start moving into gold and other hard assets," said a Tokyo futures dealer.

Foreign investors have been withdrawing funds from U.S. shores. The withdrawal of foreign funds has accelerated as U.S. based equities and the U.S. dollar has weakened. According to Bloomberg, Japanese fund managers aren`t just losing money on U.S. stocks. An index of Treasury bonds maturing in a year or more has handed yen investors a loss of 8.3 percent over the past three months, according to the European Federation of Financial Analysts` Societies. An index of like-maturity Japanese bonds rose 1 percent. ``Declines in the dollar and stocks are damping the attraction of the U.S., in turn increasing the attraction of Japanese assets, especially bonds,`` said Yuuki Sakurai, who helps manage about 1.7 trillion yen in yen debt at Fukoku Mutual Life Insurance Co. Fukoku Mutual, the nation`s 10th-largest life insurer, reduced its overseas holdings by selling Treasuries earlier this year and may not increase them soon, Sakurai said. A similar move to withdraw funds from U.S. markets by European investors appears to be underway for the same reasons.

Comment: There was very little news for gold traders to react on. The U.S. dollar strengthened slightly against the major world currencies while the U.S. equities markets fluctuated into and out of positive territory. The markets weakened late in the trading session, however, by then the gold pits had closed in New York. Accounting scandals and dubious earnings standards have created confusion among investors. Renewed concerns came on the back of revelations that media giant AOL Time Warner had become involved in questionable accounting. In fact today the board of directors has ousted AOL CEO Bob Pitman. IBM reported a slight gain though it also reported lower sales growth and concerns over revenues for the next quarter. Motorola reported lower earnings as did Nokia. Results look mixed on Wall Street, however, the continuing spate of accounting scandals and corporate malfeasance have shaken the confidence of the investor. The equities markets remain under pressure and as a result some investors could be looking to preserve capital in alternative investments. It has been suggested that the strength in real estate is due to investors searching for a “safe haven” during these turbulent market conditions. However, there is increasing evidence that a real estate bubble had developed and that the real estate market is close to topping out, where upon the bubble could soon begin to deflate. Precious metals look to gain in the intermediate to longer term as nervous investors seek out other hard assets for wealth preservation.

- Jon H. Warner -


__________________________
Jon Warner is a professional geologist with nearly 24 years in exploration and project development in both mining and petroleum. Mr. Warner brings to the table an impressive industry contact list, thorough knowledge of the precious metals and energy markets as well as a practical understanding of gold`s role in the private investment portfolio. His strong knowledge in these fields has been demonstrated at the USAGOLD Discussion Forum where he posts on a regular basis as Black Blade.

[vomo]

As of date 2002, July, 19th

Learning From History
By: Steve Saville, The Speculative Investor

Here is an extract from commentary that was posted at www.speculative-investor.com on 11th July 2002.

Markets are complex. Over the short-term they often do the exact opposite of what they `should` be doing based on conventional wisdom. This is partly because the financial markets are always trying to anticipate tomorrow`s news rather than react to today`s news, but it is also the nature of markets to keep the majority of participants off balance most of the time.

We`ve been using the gold stock rally of the early-1970s as a rough guide as to what could reasonably be expected from the current bull market (the one that began in November of 2000). As we`ve shown in the past, the path that has been followed by gold stocks since November of 2000 is remarkably similar to the path that was followed by gold stocks during the rally that commenced in January of 1972. Furthermore, the correction in the gold market that began in late-May of this year lines up quite closely with the 3-month correction that began at the beginning of May in 1973. Via the following chart, let`s now take a look at how the gold price, the Dow Industrials Index and the US$ moved in relation to each other during 1972-1974, paying particular attention to what happened between May and November of 1973.



The above chart shows that the gold price trended higher throughout 1972-1974 as the Dow and the Dollar trended lower (we`ve used the Swiss Franc-US$ exchange rate to represent the performance of the Dollar). This is, of course, what we would expect to see and also matches what has happened over the past 18 months (most people mistakenly think that Dollar weakness is something that has just happened over the past few months, but the Swiss Franc actually began trending higher against the US$ in October of 2000). Now, zooming in on the period beginning in May of 1973, what we see is:

1) The gold price peaked at the start of May, 1973. The gold price then spent the next 2 months drifting lower (period `A` on the chart) even as the Dow continued to fall and the US$ plunged.

2) Between July and November of 1973 (period `B` on the chart) the Dow and the $ experienced counter-trend rallies while the gold price continued to consolidate.

3) Between November of 1973 and January of 1974 (period `C` on the chart) the gold price began the next upward leg in its bull market even as the $ continued to move higher.

There are obvious similarities between the first stage of the 1973 gold market correction and what has happened to date during the correction that began in late-May of this year. As far as we know there was no cartel of bullion banks to blame for the apparently anomalous behaviour of the gold price during May and June of 1973. Furthermore, the US and the IMF didn`t begin their gold sales until 1975 and the swapping/lending of gold was not popular at that time. So, why did gold and gold stocks fall during May-June 1973 even though the stock market and the US$ continued to weaken? How about the simple fact that markets don`t go up in a straight line. Even the most powerful of bull markets experience substantial corrections from time to time and these corrections often happen when the fundamentals appear to be more bullish than ever.

Studying what has happened in the past doesn`t tell us what will happen in the future, but it does help us set our expectations as to what is both possible and reasonable. It should also prevent us from being surprised when markets don`t do the obvious.

Regular financial market forecasts and
analyses are provided at our web site:
http://www.speculative-investor.com/new/index.html
One-month free trial available.

Quelle: http://www.goldseek.com/cgi-bin/news/SpeculativeInvestor/102…

[vomo]

... hier nochmals der Linkhinweis auf die "übersichtliche" Seite von http://www.goldseiten.de/minen/qbericht-u.htm zu sehr vielen Minenaktien...

[ThaiGuru]

July 19 - Gold $323.90 up $7 - Silver $5.08 up 8 cents

Gold up BIGGS!

How rare are days like this in gold? Very! In the last 14 months, there has been only one stronger day, on a closing basis. That was on Feb. 5 of this year when gold rose $9.

You would never know it by the action of the shares. The XAU was only up .60. The gold shares flopped for one of two reasons:

*Investors in the general market that own gold shares dumped them, taking profits in any stock they could.
*Over the years gold share investors have seen the cabal take gold down at key resistance levels and these same investors are tired of watching gold share profits disappear. Those folks expect gold to fail on Monday.

Even though gold put in a very strong day, it could not have been more obvious that the surprised cabal gathered its price-fixing team and capped spot at $324. Yes, gold traded several dollars higher than $324 as buy stops were set off early in the Comex session, but that did not last long as the cabal quickly mobilized.

Still, gold is only $3.30 from closing in new high ground for the move.

Where do we go from here? That depends on The Gold Cartel and how much more they can take. What is very important to keep in mind is that almost no one in the investor world knows what you know about gold price rigging. One day, maybe soon, gold will be up $100 in a week.

This is very important because a $100 gold move and resulting financial chaos is not factored into the stock market in any way. It would not surprise me if the gold move triggers a market panic sell-off, which may mark a temporary bottom.

Silver is only ten cents away from going into new high ground. Yesterday, 1.6 million ounces were withdrawn from the Comex warehouse.

www.lemetropolecafe.com

[ThaiGuru]

CARTEL CAPITULATION WATCH

The DOW, down 390 to 8019.
The DOG, down 38 to 1319.
The S&P, down 34 to 848.

For the life of me, I cannot understand why this stock market drop should surprise anyone. The P/E is still double the historic norm, that is if future corporate profits do not shrink.

For a VERY long time Midas has said that the investing public and Wall Street was not dealing with what happens to financial markets after a “bubble” bursts. They sure are finding out now. It’s not very pretty.

The Gold Cartel is in BIG trouble, or should it be Biggs trouble. That report is a home run for GATA and for the price of gold. I will go into that in the next Midas.

J.P. Morgan Chase closed at $26.10, down $1.10. It has broken all support and completed a massive TOP. It looks ominous. YES!

The CRB closed in new high ground for the umpteenth time at 213.95, up .67.

Yikes:

Friday, July 19, 2002

The United States trade deficit ballooned to a record $37.6-billion (U.S.) in May, reflecting Americans` ravenous appetite for foreign-made cars, TVs and clothes.

The U.S. Commerce Department reported Friday that the deficit was 4.1 per cent higher than the revised $36.1-billion trade gap reported for April.
Many analysts were predicting a slight narrowing of the trade imbalance in May.

Get this, ANOTHER “price-fixing conspiracy.” They are a dime a dozen in America. How can the gold industry be such a bunch of empty suits on this issue when the gold price-fixing conspiracy has stared them RIGHT IN FACE for SO MANY YEARS? Blows my mind.

DaimlerChrysler Is Being Probed for Price Fixing
Washington, July 19 (Bloomberg) -- DaimlerChrysler AG said the U.S. Justice Department is conducting a criminal investigation into allegations the company`s Mercedes-Benz subsidiaries took part in a price-fixing scheme among U.S. dealers.

The No. 5 carmaker said in a filing today with the U.S. Securities and Exchange Commission that the investigation is connected to a class-action lawsuit previously filed against two of its Mercedes-Benz units. The subsidiaries, Mercedes-Benz USA LLC and Mercedes-Benz Manhattan Inc., have been served with grand jury subpoenas, the company said.

The class-action lawsuit filed in U.S. District Court in Newark, New Jersey, accuses the units of participating with the dealers in a ``price-fixing conspiracy,`` the company said. Last October, DaimlerChrysler was fined 72 million euros by the European Commission for refusing to sell cars to Germans who shopped abroad in search of lower prices.

The company said today its U.S. subsidiaries ``intend to defend themselves vigorously.``

U.S. shares of DaimlerChrysler fell $2.84, almost 6 percent, to $44.71 in midday trading.

Anecdotal input on coming real estate debacle:

“I can attest from the real estate front that things are looking very soft in Fairfield County, Connecticut USA.....there are more for sale and for lease signs in Stamford than since the early 1990`s (when office space went for less than $100/square foot). Luxury residential real estate is generally offered without the bid. In fact today I saw a phrase in a residential real estate section I hadn`t seen in ten years......"just reduced."

www.lemetropolecafe.com

[ThaiGuru]

New problems surfacing for the Gold Dealer`s Cartel

The gold dealer`s cartel is in for trouble now for a new reason. That is because their stock prices of the parent financial holding corporation are declining significantly and that will raise credit concerns.

Central banks historically are no different from other market participants when as today push has become shove in the equities markets. Central banks will soon perceive the credit risk of an asset lease that allows you to sell the asset gold without collateralizing the sold asset.

Can you imagine such a deal for individuals? Well, that is what`s happening but but the individuals in the gold lease deals are favored financial bank holding companies that are by their nature in bed, so to say, with central banks. So much for ethical standards and a level playing field?

Can you imagine leasing a car, plane or boat and being able to sell it and use the money anyway you please with no guaranteed payback collateral arrangement on the vehicle? That would send new vehicle sales through the roof and collapse the used vehicle market.

It is the now fledgling (but growing) perception of credit risk due to the failing stock price of the international financial holding companies that will stop the central banks from a constant flow of gold leasing to these private entities, the gold dealer`s cartel.

Without constantly increasing gold leases the gold dealer`s cartel will not be able to storm the gold market late Fridays and from behind trees with gold for sale. The gold derivative and gold lease shorts are in deep trouble because the gold market is, I believe, in a very long term bull phase of a multi year nature.

This is an engine that cannot be stopped, but as we have seen, as long as central banks continue to enrich their friends at the gold dealers cartel it can be slowed from time to time.

The next level to watch is the 329.94 where the cartel will rise again. Now support is 317.36 with a price object on this phase of the bull market now at 370.65.

www.lemetropolecafe.com

[ThaiGuru]

The collapse of the dollar is being forestalled by massive intervention by foreign central banks buying dollar credits in a massive effort to underpin the foreign countries` export capacity to the United States.

Yesterday the "Financial Times" reported that Asian countries alone in June had purchased 50 billion dollars, and July must be far worse. If you multiply 50 times twelve, you get 600 billion dollars, and this is just one area of the world.

There are ten trillion dollars of instantly convertible funds in the United States including credit, and paper currency which together amount to 6 trillion, and foreign ownership in bonds, stock, deposits, etc. as of March of this year, which are called hot money that amount to 5.7 trillion as of Jan., 2001. By deleting duplications you get ten trillion. Therefore, you have a ten trillion dollar exposure, a 3.6 plus net deficit position if you ignore the funds the Treasury is suspiciously finding whenever the trade account deteriorates more, and an nearly unlimited shorting capacity in dollars.

It is impossible for the foreign central banks to mop up a tidal wave of these dollar credits and securities being converted to foreign credits without experiencing a terrific inflation, and if they sterilize the intervention they nullify the long-term result--more dollar depreciation.

In other words, we can see the panic in the purchase by foreign central banks of dollars and the panic is now stupendous even though the dollar has not crashed to smithereens on the markets yet.

CF

-END-

www.lemetropolecafe.com

[ThaiGuru]

Na also, Gold ist gestern 7 US Dollar pro Unze gestiegen, auf 323.90 Dollar pro Unze!

http://www.kitco.com/charts/livegold.html

Silber stieg auch um 8 Cents, auf 5.08 Dollar pro Unze!

http://www.kitco.com/charts/livesilver.html

Weltweit, sind gestern die Weltmärkte gecrasht!

http://finance.yahoo.com/m2?u

Der DOW tumbelt fast 400 Punkte runter, und schliesst in der letzten halben Minute vor Börsenschluss, gerade noch etwas über der 8000er Marke, nachdem kurz vor Schluss bereits eine 7xxx erreicht war.

Das die Schweiz gestern an den Börsen den Negativ-Rekord, Weltweit, mit einem Minus im SMI, von 6,6% aufgestellt hat, ist den meisten Lesern wohl noch gar nicht so recht ins Bewusstsein gelangt.

Dabei ist bemerkenswerter Weise die "Blue Chip" Aktie "Zürich", weltbekannt als Versicherungskonzern, um gerade mal 11,16% gestürzt.

Wohlgemerkt eine Aktie die in sehr vielen Fonds mit enthalten ist. Von den grosen Verlusten der CH-Banken, und den anderen Versicherungen, die alle sammt die ganzen letzten Wochen, im Endeffekt, bereits schon massiv verloren haben, möchte ich gar nicht weiter eingehen.

Das auch eine so weltweit bekannte, und renormierte Firma, wie die "Nestle", der es Wirtschaftlich gut geht, 3,94 Prozent an einem einzigen Tag an Wert verlieren kann, sollte eigentlich dem letzten Zweifler, Obrigkeitshörigen, Optimisten und Tagesträumern, die Augen öffnen.

Auch auf die Gefahr hin mich zu wiederholen!

Wir befinden uns mitten in einem weltweiten Finanz Desaster, aus dem es, aus heutiger Sicht, kein anderes Entrinnen mehr geben kann, ausser dem ausbluten der immer noch, respektive sich ständig noch durch die anstehenden Neubewertungen der Firmen an den Aktienmärkten, ehöhenden, viel zu hohen P/E/KGVs.

Wir werden in den nächsten Monaten noch viele weitere negativ Meldungen zu den Märkten vernehmen, und der weitere Fall ist im Gange.

Falls es wieder Erwarten unter den Lesern immer noch Menschen gibt, die noch kein physisches Gold, und/oder Silber besitzten, frage ich mich ernsthaft, was denn noch alles passieren muss, bis den "Aktien Masochisten" am DOW, NASDAQ, DAX und Neuer Markt, etc., die Deckel von den Augenlieder fallen werden?

Es gibt auch schon wieder einen User im Gold Board, der von weiter fallenden Gold und Silber Aktien schwafelt. Nein den Blechschätzer meine ich damit diesmal nicht. Eine deutsche Eiche ist gemeint, die zu feige, unter seinem ersten alten User Namen zu schreiben, jetzt nach der Konsolidierung der Minen Aktien, von einem weiteren möglichen Fall von bis zu 30%, bei den Gold-Aktien, "bei weiter steigenden Goldpreisen" ausgeht, und die Leser davor warnt.
Wenigstens empfiehlt er aber wenigstens den Kauf von physischem Gold und Silber.

Da bei weiter steingenden Gold, und auch Silberpreisen, die Gewinne dieser Minen dementsprechend weiter ansteigen, respektive Minen die bis anhin noch Verluste geschrieben haben, sukzessive wieder in die Gewinnzone kommen, werden die Gold und Silber Aktien, bald wieder massiv nochgehen, und nicht 30% fallen, wie eine idiotische deutsche Eiche, und ehemaliger, konfuse Gold-Theorien Verbreiter, geschrieben hat.


Gruss

ThaiGuru

[xxTornado]

@ Thai Guru

was meinst du mit physischem Gold und was sollte man kaufen ?
Zur Bank gehen und Goldbarren kaufen ?
Kenne mich da überhaupt nicht aus und habe mit soetwas keinerlei Erfahrung.

Kannst du mir das bitte näher erläutern.
Vielen Dank

[mickym [VIP]]

@All

Da ich denke, dass dieser Thread, einer der informativsten im Goldboard ist und ich oft auch nicht die Zeit aufbringen kann, mich so intensiv, wie beispielsweise Thai , im Internet nach verschiedenen Resourcen umzuschauen, aber natürlich auch in anderen interessanten Threads lese, möchte ich auch wenn dem einen oder anderen das alles bekannt ist bestimmte Stellen aus einem Interview (http://www.financialsense.com/transcriptions/Prechter.htm) mit Robert R. Prechter das Harry_Schotter recherchiert in seinem Thread Thread: Warum die Indizes fallen werden. hat, vielen Dank an dieser Stelle, mal zum Gold und Silber zur Diskussion stellen.

In diesem Interview gehts um das Buch "Conquer the Crash" und er zeigt darin Strategien zur Meisterung des Crashs.

In diesem Interview werden auch mögliche Parallelszenarien zu 1929 aufgezeigt und auch kurz die Rollen zum Gold und Silber Anfang der 30er Jahre angesprochen.

Ausgehend von einem Crash, entnehme ich 1 Hauptstategie, nämlich Cash zu bleiben, das kann auch in Form von Edelmetallen sein. Die Möglichkeit eines Downmoves der Edelmetalle zu Beginn dieses Crashes schliesst er aber nicht aus.
Ein generelles Anziehen der Rohstoffe in diesem Szenario wird ebenfalls vertreten.

Deshalb hier kurz, der Ausschnitt, wo es sich um Gold und Silber dreht:

....

JIM: I want to talk about the issue of gold because we’ve seen this recent rise in gold. You believe that it’s possible that gold will drop to 200. I want you to address those issues because we’ve gotten a lot of e-mails on that one particular point about gold’s going to 200. I would have to say in defense, I could think of two reasons, or two ways that could happen. Number one, there’s an outright war against gold fought by central banks dumping their reserves. Or number two, in this market crash that you address in your book, a liquidity issue comes up. I can remember buying shares from a hedge fund manager that got caught with a margin call. So, I wonder if you might address the issue of gold in the short-term and longer-term.

BOB: Well, there are two things to consider. One is market opinion and the other is what you should do. They don’t necessarily always follow precisely 100% one for the other and I’ll tell you what I mean as we go along here. In the depression of the 30’s, silver prices were free to float. Gold was not. It was fixed by the government. Silver had a nice sharp rally in 1931 that lasted most of the year. But, by the time the economy bottomed in early 1933, silver had made a new low for the entire fifteen year period preceding and it bottomed, finally, in December 1932. A lot of people in 1931 thought that silver would be a hedge against the depression. That’s why they bought it and that’s why it had the rally but, eventually, it went down and finally bottomed with stocks. I think that’s likely to happen to all of the precious metals because today none of them are fixed by any government prices.

What usually happens in a severe deflation is that people have to survive and they have to survive financially. When they’re in tremendous debt and they have to make that one more payment, they’ll begin to sell things off in order to make the payment. That means even selling things that are valuable. I think that’s one of the reasons why commodities go down and goods go down. That’s going to include the precious metals. However, one important aspect of the Bear Market is that most of it has occurred. I’ve been bearish throughout the Bear Market. This isn’t anything new. Back when gold was at $700 an ounce, I said it’s going to go way down under $400 and maybe eventually under $200. So, that trend is still in force, but, look at silver, down from $50, all the way down to $4. That is a tremendous Bear Market. So, in one sense, you might say who cares if it’s going to go down to $2.50 or $3.50 an ounce, this is cheap stuff. So, I really recommend that people do own some gold and silver. Not only because we’re very late in the Bear Markets, but also because it’s real money. Real money currently is legal to own. That’s crucial because when deflation takes hold and depression really gets underway, governments begin to look around for ways to survive, and they’re ruthless when they do it. So, if clamping down on the ability to own real money is going to be part of that scenario, you want to make sure that you already have your investments in place. Because, if they don’t allow for the transactions, for example, you wouldn’t be able to buy it at that point. Opportunity is an important part of the precious metals picture.

JIM: Now, one thing about the markets, and of course Elliott Wave follows this, is this psychology that plays such an important role in the financial markets. Part of that is greed and the other is fear. I wonder if we might talk about this fear element, because fear to me, is a much more powerful emotion. It can drive things more to the extreme. Ultimately, where do you see the markets going? It would be hard for some people, right now, to say that the stock market could lose 90% of its value, but that’s exactly what happened during the Great Depression in the 30’s. -- not just after the crash in 1929. Where do you see the stock market going on the down side and then on the opposite side, where do you see gold going long-term?

BOB: You’re absolutely right that fear is a stronger emotion than hope. It certainly is more concentrated and that’s why it appears stronger. For example, commodities go up on fear. That’s why you have tremendous price spikes in commodities. But stocks go down on fear and that is the reason that they can fall so precipitously, such as they did in the 1987 crash or the 1929 crash. The key is the overvaluation because that is the benchmark that tells you what the risk is. In 1929, the overvaluation was substantial. When we say stocks went down 90%, that’s really a complete understatement. What went down 90% is the Dow Jones Industrial Average, all of which were the premier industrial companies of the day. But a huge mass of stocks during that time went down far more than that by 99% or 100%. People forget about those because they don’t know the names anymore. I think we have achieved an overvaluation, as we already discussed earlier, with respect to dividends and the P/E ratio and book value and so on, but it’s far greater than it was at the 1929 high. So, I think there is more risk than we had then and eventually, as the decline snowballs, it will be caused by fear and feedback and will generate more of it until it’s all cleaned out and stocks are the bargain of a lifetime. You know, one thing I hope we can get to before this interview is over, is what a tremendous lifelong, life saving, opportunity that people are going to have at the ultimate bottom. They can only get that if they’ve saved their purchasing power during the Bear Market.

JIM: Well, what about gold? Where do you see that going?

BOB: Like I say, I was unequivocally negative on gold for 20 years. But last year I published a paper and I said the psychology in gold has turned too negative. This was when it was down at $265 an ounce. I said I can see it, we are either at or we’re approaching the bottom, and the most likely occurrence to me is that immediate period of rally to be followed by one last leg down. But, if I’m wrong, then we’re making the bottom now. So, I think we’ve had the rally that I’ve talked about, that it was going to occur one way or another. We’re seeing signs right now that gold is getting a little tired. There seems to be a lot of bullishness about it. There is actually vehemence. As you said, if you try to suggest gold could have another leg down, people are screaming and arguing with you. That generally is not the case early in a Bear Market, usually there are a lot of skeptics at that point. So there’s some anecdotal evidence that the scenario of one rally and one final decline, which is exactly what we saw in 1931 and 1932, is on schedule. But, I don’t think it’s that crucial of a question for most people.

If you’re very wealthy, you should have a fair amount of your money in gold and silver. If you’re a speculator, I wouldn’t chase it, unless it got to a point where you couldn’t ignore the fact that a new Bull Market has started and that’s at least $70 off on the upside. So I’m keeping my powder dry as far as getting completely into gold and I think most people should. As far as how low it can go, I think it could really get under way, it could get down to about $180 an ounce, which would be the buy of a lifetime. But, we’re running out of time and I don’t want to be too cute about it. I wasn’t too cute with the stock market. I got out early on that because I didn’t want to stay in with the crowd and I don’t want to do the same thing here. Sometimes you can catch a market for 90% of it’s move and if you’re too cute at the end, you’re going to miss the turn. So, that’s why, in this book, I say you really should have a fair amount of gold and silver, it’s real money.

................


Zusammenfassend denke ich die geliche Meinung, wie wir hier alle, dass Gold und Silberinvestments "richtiges Geld" darstellen, aber auch mit der Skepsis, das es noch ein letztes Mal nach unten gehen könnte, wenn auch im Vergleich zu den Verlusten im Aktienmarkt und den Verlust, die die Edelmetalle bereits hatten, nur marginal.

Was habt ihr für Meinungen diesbezüglich?

Gruss Mic

[konradi]

@Thai Guru

auch in voller Anerkennung Deiner profunden Beiträge: bitte, mein Lieber, S C H R E I D O C H N I C H T I M M E R S O !!!

Du kannst davon ausgehen, daß die Mehrheit der Goldbugs ein pessimistisches Welt- und Wirtschafsbild haben, auch ich gehöre dazu. Allerdings: wenn Panik an den Märkten herrscht ist es schon schlimm genug, hier im board sollten wir sachlich bleiben.

Einen ähnlichen Hype in genau entgegengesetzter Richtung haben wir vor 4 Jahren in den Internetboards erlebt.

Vergessen wir nicht: die Macht der Zentralbanken ist absolut gigantisch und das was wir uns hier alles - zu recht oder grundlos -zusammenfantasieren wird auch auf den Vorstandssitzungen bei JP Morgan und der FED diskutiert.
Die Wirtschaft in den USA wächst zur Zeit, das läßt sich anhand von Zahlen belegen. Ob JP Morgan Pleite geht ist noch lange nicht ausgemacht. Und solange JP Morgan oder eine große Züricher Versicherung nicht pleite geht sollte man absolut vorsichtig sein, denn :

der Weltuntergang könnte auf das Jahr 2005 verschoben werden !!!

Beste Grüße und ein POG 330 wünscht konradi

[ThaiGuru]

@xxTornado

Ja ich meine Gold/Silber Barren, mit Zertifikat, bei einer Bank kaufen!

Auch sehr geeignet sind 1 Unzen Gold Münzen, wie die SA Krüger Rands, etc.

1 Unzen Silber Münzen, wie der USA Silver Eagle, werden zum Teil auch angeboten, doch die An-, und Verkaufsmargen sind bei Banken in der Regel einfach zu hoch. Vielleicht eher noch über einen Münzenhändler zu kaufen, nach vorherigen Preisvergleichen.

Bei Silber möglichst 1000 Unzen Barren = ca. 30 KG, wegen den unverschämt hohen Auslieferungsgebühren auf Kilo Barren.

Bei Silber bietet sich evtl. noch der Kauf von Industrie Silber in Form von Granulat, engl. "Siver Pearls" an, die in verschiedenen Reinheitsgraden angeboten werden, da dort die hohen Auslieferungsgebühren wegfallen. Der Nachteil liegt aber darin, dass beim Verkauf von Industrie Silber, weniger Verkaufsstellen zur Verfügung stehen, und man Wartezeiten, bei der Echtheitsprüfung in Kauf nehmen muss.

Gruss

ThaiGuru

[ThaiGuru]

@koradi

Schreien bewirkt manchmal mehr als als zarte Worte!

Es soll sogar vorgekommen sein, dass Leute anfangen ihre Denkweise zu hinterfragen, was ja bei vielen am Aktienmarkt nicht selbstverständlich ist.

Von einem Weltuntergang, habe ich übrigens noch nie etwas in irgend einem meiner vielen Threads geschrieben, und glaube auch nicht an einen solchen.

An einem totalen Finanz-, und Wirtschaftskollabs liegt mir übrigens genau so wenig wie vermutlich Dir selbst, und den meisten Lesern dieses Threades.

Hingegen glaube ich an das echte Geld, eben Gold und Silber. Beides sind werterhaltungs Instrumente, dessen Stellenwert, von der Obrigkeit im Westen, versucht wurde wegzureden.

Weil das aber einfach nicht richtig gelingen wollte, wurden die Preise dieser beiden Edelmetalle mit manipulativen Eingriffen, versucht zu kontrollieren, und zu drücken.

Einige Bank und Finanzinstitute haben diese Gegebenheit, noch zusätzlich ausgenützt, und sich auf Kosten vieler, jahrelang eine goldene Nase daran verdient, in dem sie physisches Gold bei verschiedenen Zentralbanken, für einen kleinen Zinssatzt mieteten, es dann am Markt verkauft haben, und mit dem Erlös der Goldverkäufe, durch die die Goldpreise noch weiter gedrückt wurden, andere lukrativere Investitionen tätigten, wie sie zur damaligen Zeit geglaubt haben.

Jetzt stehen diese Banken durch ihre Unverantwortlichkeit, und Gewinnsucht, vor den Scherben ihres Tuns, aus dem es ohne riesige Verluste, sehr wahrscheinlich, eben keinen Ausweg mehr geben wird.

Das Selbe gilt natürlich auch für die von einigen wenigen Banken getätigten irrsinnig hohen Derivativgeschäfte mit Devisen, Aktien, Rohstoffen, Energie, etc.

Wenn dadurch einige Banken, in absehbarer Zeit vom Schauplatz der Finanzen verschwinden, finde ich das sogar hilfreich, für einen späteren Neubeginn.

Die von Dir zu recht genannte gigantische Macht der Zentralbanken, denen wir unter anderem, die tiefen Gold und Silberpreise zu verdanken haben, ist heute aber gar nicht mehr so gigantisch, wie Du noch zu glauben scheinst.

Ja ich würde sogar sagen, die Macht die Märkte zu manipulieren ist zur Zeit gewaltig am Schwinden, und schwindet jede Woche etwas mehr.

Falls Du wirklich glauben solltest, vielleicht auf Grund von in den USA veröffentlichen Zahlen, dass die Wirtschaft in den vereinigten Staaaten von Amerika sich in einem Wachstum befindet, möchte ich Dir eine Zusatzfrage stellen.

Glaubst Du den offiziellen USA Zahlen uneingeschränkt?

Werde wohl von Zeit zu Zeit weiter "schreien" müssen, damit die noch unsicheren Leser wenigstens meine Meinung zum Geschehen, ein wenig, in ihre Ueberlegungen mit einbeziehen werden.

Gruss

ThaiGuru

[ThaiGuru]

http://www.nationalpost.com/financialpost/story.html?id={25D…

Gold regaining former glory as a safe haven
Rockets us$6.90 an ounce.

Drew Hasselback
National Post


Saturday, July 20, 2002

Gold soared US$6.90 to US$323.90 an ounce yesterday as investors dumped stocks in favour of bullion, a commodity favoured as a safer bet than the weakening U.S. dollar or sinking global equities.

The prime driver was news of a record U.S. trade deficit. The trade gap for May was US$37.64-billion, a 4% jump from April. That points to a further weakening of the U.S. dollar because it shows that money is flowing out of the U.S. at an increasing rate. The dollar is at a 30-month low against the euro.

Then there was the ongoing meltdown of global capital markets. Falling stock prices have sent investors searching for alternatives. The S&P 500 composite index his down 25% this year.

"Gold did not do well in the stock market bubble. But now that it has deflated, gold has returned as an asset class and as a reserve," said John Ing, president of Maison Placements Canada in Toronto.

Mr. Ing believes gold is on track to rise to US$375 an ounce by the end of the year, and continue to climb to US$510 in 2003.

Indeed, gold futures are indeed pointing to a higher price in the short term. Gold for August delivery rose US$6.80 to US$323.90 on the Comex division of the New York Mercantile Exchange. The 2.1% hike was the biggest gain since Feb. 5.

The gold bug has even begun to nip at market watchers who have previously favoured stocks.

"I am changing what`s left of my mind," said Barton Biggs, chief global strategist with Morgan Stanley.

"This is a plausible case that a professionally managed portfolio consisting of the metal itself and gold shares could realize returns of 15% real per annum in the difficult environment ahead."

Accounting worries continue to cast a pall over equities. The Dow Jones Industrial average plunged to its lowest level since October, 1998, yesterday. The Standard & Poors/TSX Composite Index has lost ground in eight of the last nine weeks.

Investors turn to gold in times of economic panic because gold, and to some extent the companies that produce it, is generally seen as a store of value and a stable alternative to dropping currencies.

So, while stocks in other sectors were falling yesterday, gold producers gained ground in Toronto.

Barrick Gold Corp. rose 58¢ to $27.05. Placer Dome Inc. gained 39¢ to $16.60. The TSX sub-index of gold stocks was up 1% overall.

Yesterday`s growth came despite the fact it was Barrick`s and Placer`s last day in the benchmark S&P500 index.

The two largest gold producers are among the five Canadian companies dropped from the index to make it exclusively American.

"Gold is becoming a more viable alternative, especially considering low interest rates and falling stock markets around the world," said Mark Rzepczynski, president of John W. Henry in Boca Raton, Fla.

Placer needs every boost to its share price it can get as it forges ahead with its hostile, all-stock takeover bid for Australia`s largest gold producer, AurionGold Ltd. Aurion has attacked Placer`s offer because it contains no cash component and because Placer`s shares has fallen about 30% since the bid was made May 27.

© Copyright 2002 National Post

[ThaiGuru]

http://www.guardian.co.uk/business/story/0,3604,758733,00.ht…

Flight becomes gold rush

Share prices slump worldwide as disillusioned investors seek something safer.

Larry Elliott, Charlotte Denny and Richard Wray
Saturday July 20, 2002

The Guardian

Global investors scurried for the haven of bonds and gold last night as a record US trade deficit and grim news from leading companies in America and Europe sent share prices slumping around the world.

After another day of frenetic trading, the Dow Jones Industrial Average was stuck below its post-September 11 low as dealers reeled from the combined impact of poor figures from Sun Microsystems, news of a criminal investigation into the drugs firm Johnson & Johnson, and a monthly US trade gap of $37.64bn.

With figures showing that $7 trillion had been wiped off the value of shares in the US since the bear market began in March 2000, Charles White, president of Avatar Associates, said: "It`s just ugly. It`s the recovery that won`t come. It`s always one or two quarters away. People don`t trust anything any more."

The Dow was down almost 300 points by lunchtime in New York, having dropped rapidly from the moment trading began. Other measures of share prices - the S&P 500 and the hi-tech dominated Nasdaq - were also down sharply.

In London, the FTSE 100`s three-day rising trend was brought to an abrupt end with a 199-point fall, leaving the index lower than at the start of the week. The mood of near-panic on global markets led to increases in the price of government bonds and pushed up the cost of gold.

With shares showing no sign of bottoming out, Harvey Pitt, chairman of the securities and exchange commission, last night made the latest attempt to restore investor confidence.

Mr Pitt, America`s most important financial regulator, said he was actively working to stamp out corporate crime, but admitted that investors had yet to be reassured despite "swift actions" to find and punish wrong-doers.

Network computer manufacturer Sun Microsystems reported its first profit for a year, but warned of further losses amid cut-throat competition in the technology sector that is forcing companies to cut prices in order to maintain market share.

Data from the US commerce department showed that the 15% fall in the dollar since April has yet to have any impact on the country`s trade deficit, which defied expectations of an improvement to balloon by $1.5bn in May. The poor trade figures led to renewed pressure on the US currency, which lost ground against both the euro and the yen.

The sell-off in New York followed a decline in Europe, prompted by the announcement from Ericsson that the slump in stock markets was forcing it to offer new shares at bargain-basement prices. Share prices fell by 5.5% in Paris and 4.5% in Frankfurt.

Ericsson, a manufacturer of mobile phones and transmitters, revealed a deeply discounted financing and 6,000 more job losses after reporting its seventh consecutive quarterly loss.

The company priced its long-expected rights issue at a level that its shares have not stood at for 10 years and far below what analysts had expected. The company is looking to raise £2bn to pay down debt.

The pricing - at the equivalent of 26p a share - was a 75% discount to Ericsson`s current stock price and one-tenth of the price of Ericsson`s shares on April 19, the day before the company admitted that it needed more cash.

Ericsson also cut its forecast for the global handset market for 2002 and warned that the downturn across the communications world continues.

It now expects 390m phones to be sold worldwide this year - 10m less than rivals Motorola and Nokia which reduced their forecasts this week.

Ericsson, reporting a second-quarter loss of £240m, said the job cuts were part of an ongoing plan to drive down costs in the face of declining demand. It has already shed 42,000 staff and by the end of the year its workforce will have dropped to 60,000 from more than 100,000 a year ago.

Special report
Global recession
http://www.guardian.co.uk/recession/0,7368,461972,00.html

Recession roll call
Company job losses around the world
http://www.guardian.co.uk/recession/subsection/0,7370,583516…

Explained
04.01.2001: Recession
http://www.guardian.co.uk/theissues/article/0,6512,417886,00…

Useful links:

US Federal Reserve
http://www.federalreserve.gov/

Bank of England
http://www.bankofengland.co.uk/

US economic conditions
http://www.federalreserve.gov/FOMC/BeigeBook/2001/default.ht…

Office for national statistics
http://www.statistics.gov.uk/

FTSE
http://www.ftse.com/

[ThaiGuru]

Die angesehene englische Zeitung "International Harald Tribune" schreibt in ihrer heutigen Ausgabe:

Es ist nicht zu spät für einen Gold Fond!

Gruss

ThaiGuru



http://www.iht.com/articles/65145.html

Saturday, July 20, 2002

It`s not too late for a gold fund

[ThaiGuru]

Der neue ZEAL Report ist da!

Gruss

ThaiGuru




Den ganzen Bericht gibt es hier:

http://www.zealllc.com/2002/euro.htm


US Stocks Torture Europeans

Adam Hamilton

July 19, 2002

As the US stock markets plunge, Americans aren`t the only ones feeling the bear`s razor-sharp bite. European and foreign investors are facing even more acute pain.

[ThaiGuru]

Am vergangenen Freitag erschien in der konservativen arabisch sprachigen Zeitung "Al-Hayat" in London, die in der arabischen Welt sehr hohes Ansehen geniest, und etwa für die Araber das ist, was für die Amerikaner die "New York Times", ein grösser Bericht zu den Goldpreis Manipulationsvorwürfen der GATA, und dem RBC Bericht aus Kanada, in arabischer Sprache.

Hier eine englische Uebersetzung davon:


Al-Hayat, London, July 19, 2002

"A Gold Cartel Aims at Destroying the Economies of Developing Countries"

Economic Factors or "International Conspiracy" Behind the Depressed Price of Gold"

There is a storm in the money markets caused by the distribution of a report prepared by Mr. John Embry, a senior analyst with the Royal Bank of Canada, the largest bank in Canada. The storm, which spread rapidly, south to the US, and as far as China, stemmed from the fact that Mr. Embry, in his report, supported the basic assumptions that have been promoted by a group known as GATA, short for Gold Anti-Trust Action Committee. In essence, GATA has been promoting the notion that there exists an international conspiracy to suppress the price of gold through dumping it in large quantities on world markets, and that this conspiracy is managed by a number of central and commercial banks.

Although GATA, which was founded by Mr. Bill Murphy, has a large following, it has been depicted by its opponents as a marginal group promoting conspiracy theories; until Mr. Embrey’s report that is. For, as soon as the report, which was made public by Bill Murphy, came to light, the Royal Bank of Canada claimed it was only an internal working document, and not the official position of the Bank. However, Mr. Murphy was quick to publicly point out that the report was published on one of the bank’s subsidiary’s official stationary, and was distributed to a number of its select clients. Mr. Embry, declined to comment.

So what`s happening in the world of Gold? Gold has soared by 20% since January of this year, while the shares of some gold companies have more than doubled in the same period. Gold, which until recently had been ruled out by many as a hedge against inflation and political uncertainty is roaring right back. Is this the result of natural economic trends at play, or is there a much more sinister and darker side about to be exposed as some maintain?

Among those of the second opinion is Bill Murphy, Chairman of GATA, Gold Anti-Trust Action Committee. This is a group of financial advisors and gold market participants, who have waged a three-year legal battle to prove that the unusually low gold prices since 1995 were not the result of market forces, but instead the product of price rigging that included governments and big commercial banks. Al-Hayat had this interview with Mr. Murphy.

Give us an idea about GATA and its lawsuit: Who is it against, and why?

GATA was established to expose the manipulation of the gold market by a Gold Cartel consisting of: Goldman Sachs, J.P. Morgan Chase, Deutche Bank, Bank for International Settlements, the U.S. Treasury and the Federal Reserve Bank of the United States. It appears the manipulation of the gold price began in earnest under the guidance of former U.S. Treasury Secretary, Robert Rubin, who came to that position from Goldman Sachs.

The GATA type lawsuit was brought against them in Boston Federal Court by GATA supporter, Reg Howe, a former trial lawyer in Boston. Much of the evidence used in his case was uncovered by "the GATA ARMY."

Judge Lindsay dismissed the case stating that in his opinion Reg did not qualify from a legal standing point of view to continue with the suit. He stated if it were a gold company bringing the suit, it might be a different story.

At no time in his legal opinion did Judge Lindsay disparage Reg or dispute his claims. Reg and GATA may have lost in court, but we won in the court of public opinion.

What are the purposes of the gold price suppression scheme?

We believe there are several:

To keep interest rates down by deceiving the bond markets about the rate of inflation, inflation historically being gauged in large part by the price of gold. You may remember the famous comments about the bond market that were attributed to President Clinton not long after he took office. He was frustrated with having to take the advice of his economic advisers that the approval of the bond market was crucial to his administration s political success. Clinton said he resented having to make his administration one of Eisenhower Republicans. GATA thinks that the gold price suppression scheme -- the massive deception of the bond market -- was Clinton`s revenge.

To strengthen the U.S. dollar in relation to other curencies; to suppress commodity prices generally, since commodity prices take their cues from the gold price; and, by extension, to raise living standards in the United States by expropriating the developing world, which makes its living largely from producing and exporting commodities.

To enrich through inside information about U.S. government policy the Wall Street investment houses that have helped implement the gold price suppression scheme and that long have staffed the Treasury Department and Federal Reserve.

But the results of the gold price suppression scheme have been far greater than all this. The results include the devastation of the economies of the developing world, particularly sub-Sarahan Africa, and the vast misallocation of capital throughout the world in the last decade. That is, with the bond market deceived about inflation, the dollar, and the strength of the U.S. economy, most economic decisions around the world for the last decade have been based on horribly mistaken premises. The U.S. stock market bubble, now bursting, is evidence of this.

Are you saying then that the recent increase in the price of Gold could be partly attributed to this lawsuit?

GATA has been collecting evidence of the manipulation of the gold price for 3 /12 years. No one in the gold industry has every challenged the specifics of that evidence in all that time. We do know that the GATA story is spreading throughout the investment world and that is accelerating investment demand for gold. As to the gold price run-up and the lawsuit, the gold price did shoot up right after the judge issued his ruling. It also shot up when Reg and I gave presentations at the GATA African Gold Summit in Durban, South African on May 10, 2001 and when we spoke at the Association of Mining Analyst seminar in London on May 23 of this year. Five sub-Saharan gold producing countries attended our summit to expose the gold fraud to Africans as did the South African Reserve Bank, the leading South African gold producers, the National Union of Mineworkers, Cosatu (largest trade union), the Ministry of Mines, SA Chamber of Commerce, and press including the South African Broadcasting Company.


What are the other major factors contributing to the increase in the price of gold?

Low interest rates make gold a very compelling investment,

Gold producing are buying back their forward sales (hedges)

Terrorist concerns and Middle East tensions

Concerns that the dollar will tank

A huge supply/demand deficit - Mine supply is 2500 tonnes per year and going down. Demand exceeds supply by about 1700 tonnes per year. The central banks have lent/swapped out 13,000 to 15,000 tonnes of their gold. It is actually sold and they cannot get it back. In essence, they have trapped themselves.


Gold and Middle East: Do you keep tab on the movement of Gold in the Middle East, and the Arab World in particular. Where does the ME stand in its gold holdings? Is this good or bad for those Middle Eastern countries?

Back in my futures industry days, I dealt with a good number of Arabs including a distinguished Kuwaiti, Talib Al Nakib who lived in Geneva, Switzerland. These days I only hear things hear and there about Arab going buying. I do know that it has been aggressive this year. A bullion dealer friend of mine had his best day ever a few weeks ago, selling 6 tonnes of gold to an Arab group in one day alone.

Some are calling for a re-pricing of gold and using it as the actual basis for money. How feasible is this?

In time gold will be used more and more as money. Already, the Moslems in Malaysia have the Dinar and the Russians have the Chevronet as gold coin money.

What in your opinion should the actual price of gold be?

My price target for gold is $800 to $1,000. Gold should explode when it takes out $330 and go ballistic when it takes out $355, or so. There is going to be gold derivative banking crisis because of the reckless gold suppression activities over the years at certain bullion banks. Gold will melt-up like Enron melted down. Many of the same banks are involved with both scandals (Citibank and J.P. Morgan Chase).

Lebanon, whose currency used to be 100% backed by gold before its civil war, has been under tremendous pressure to sell or lend its gold. Given Lebanon s debt and devaluation of the currency (1 $US = 2.75 LL before the war, to 1 $US = 1500 LL now,) there is talk now about using this gold as a security for an upcoming Eurobond issue. What is your best advice for Lebanon on this matter?

The Russians, Chinese, Arabs, savvy hedge funds and the Japanese public have been buying up cheap gold while the foolish western central bankers have been dumping it, in some cases to perpetuate the gold fraud. The English Exchequer is already being vilified for dumping half of England s gold at average price of around $280. His decision has cost the English citizenry big time, already. Lebanon should not make that mistake. They should not lend it out either. They might not be able to get it back.

Dubai is promoting itself as the City of Gold. What do you think of that idea? Will it succeed?

Yes, it will. Arabs have always loved to trade gold, throughout the centuries this has been so. The dollar is going to lose its luster in the years to come. Gold will regain its luster.

If the price of gold goes as high up as you predict, with the value of the $US ultimately plummeting, what kind of impact will that have on the US foreign policy in general, and on its Middle East policy in particular?

The Bush and Clinton Administration have been very foolish. They have opened up our country to the possibility to financial blackmail by foreign powers because of their gold rigging activities. I met with two of President Bush’s boyhood friends in Austin, Texas at the Texas Capitol Building. One of them, a State Senator, sent that message along with other GATA findings to the President on his private fax the next day. They believed GATA to be correct and did not want him to be blindsided. His economic advisor, Lawrence Lindsay, sent me a letter the same day after receiving the fax. GATA wants to help America, not hurt it. A GATA delegation met with the Speaker of the House, Dennis Hastert, on May 10, 2000. We gave him our Gold Derivative Banking Crisis document and strongly suggested he do what he could to end the gold rigging.

Sub-saharan Africa is going to be very upset when the gold price soars and the gold price rigging is discovered. Gold should have been well above $600 per ounce these past years. The Economist called Africa "the hopeless continent." If not for the gold fraud, Africa could have been the "natural resource boom continent." There would have been money freed up to begin to deal with Africa`s terrible disease problems, etc.

Should that happen, what do you estimate the impact will be on the economies of Saudi Arabia, Egypt, Iraq, Israel, Syria and Lebanon?

Hard to say. The U.S. stock market is in deep trouble. It could go in crash mode at any time. That cannot be good for any other nation’s economies.

[ThaiGuru]

http://www2.swissinfo.org/sde/Swissinfo.html?siteSect=105&si…

Schweizer Zeit 01:14, Sonntag 21.07.2002


Unsichere Versicherer



Die Schweizer Versicherungsgesellschaften befinden sich wegen des ungünstigen Börsenumfelds in Turbulenzen.

Wie die Banken standen auch die grossen Schweizer Versicherungen immer im Ruf, sehr solide zu sein. Seit kurzem allerdings beunruhigen einige scheinbar die Investoren ernsthaft.

Zuerst waren da die schlechten Betriebsergebnisse für das vergangene Jahr. Die Verluste waren hoch, insbesondere bei Zurich Financial Services (ZFS), wo der Verlust 387 Mio. Dollar, also rund 560 Mio. Schweizer Franken, betrug. Und Firmenchef Rolf Hüppi musste plötzlich sehr schnell gehen.

Ausserdem haben sich die Versicherer an der Börse verspekuliert. Seit Beginn des Jahres fielen die Aktien der ZSF um über 40%, mit einem Minus von 19% allein am letzten Donnerstag.(Am Freitag waren es dann nochmals über 11% Minus, also über 30% Wertverlust nach zwei Börsentagen, ThaiGuru) Die Swiss Life/Rentenanstalt befindet sich seit Januar gar auf einer 60%-Talfahrt.

"Das ist nicht ungewöhnlich", meint Eric Güller, Analyst der Zürcher Kantonalbank. "In einem gegen unten tendierenden Markt verlieren die Versicherer im Allgemeinen überdurchschnittlich. Ist der Markt dagegen im Hoch, gewinnen sie überdurchschnittlich."

(Dieser Anal-yst Güller hat aber Nerven, Verlust von 60% soll nicht ungewöhnlich sein! ThaiGuru)

Spürbare Reaktion

Nach Ansicht Güllers liegt die Erklärung in der Schwäche des Aktienmarktes. "Die Schweizer Versicherer haben relativ viel in Aktien investiert. Sie reagieren also sehr sensibel auf den Markt. Deshalb haben sie dann Probleme mit den Eigenmitteln. Und das nimmt die Börse vorweg."

Diese Befürchtungen wurden letzten Monat noch verstärkt, als die Credit Suisse Group beschloss, die Solvenz ihrer Tochtergesellschaft Winterthur zu verbessern. So erhielt die Versicherung zur Stärkung der Eigenmittel (Es ist wohl eher anzunehmen, zur Verhinderung der Zahlungsunfähigkeit, ThaiGuru) eine Finanzspritze von über 1,5 Mrd. Franken.

Einige Tage nach dieser Ankündigung glaubte das Bundesamt für Privatversicherungen, das mit der Überwachung dieses Sektors in der Schweiz betraut ist, präzisieren zu müssen, dass "die Schweizer Versicherungs-Gesellschaften nach wie vor sicher sind". Trotzdem führt das Amt eine Umfrage bei den Versicherern durch, um sich ein Bild über ihre Solvenz machen zu können.

Drei oder vier Prozent?

Hinzu kommt die Frage des Mindestzinssatzes für die Guthaben der 2. Säule, der beruflichen Vorsorge: Soll er 3 oder 4% betragen? "Das hat sehr grosse Auswirkungen für die Versicherer", erklärt Güller. "Ein guter Teil dieser Geschäfte gingen an Schweizer Firmen. Aber diese Aktivitäten können im Moment praktisch unmöglich rentabel geführt werden."

"Einerseits müssen diese 4% garantiert werden", so der Analyst der Zürcher Kantonalbank weiter. "Andererseits kann dieser Zinssatz nicht erwirtschaftet werden, denn die Zinsen der Obligationen liegen um 3,2% und am Aktivenmarkt läuft es schlecht. Man kann deshalb nur Verluste machen."

Die von der Schweizer Regierung angestrebte Massnahme einer Senkung des Mindestzinses von 4 auf 3% bedeutet deshalb eine eigentliche Frischzellenkur für die betreffenden Versicherer. Winterthur und Swiss Life/Rentenanstalt halten je einen Viertel dieses Marktes.

Das Problem ist, dass die Debatte seit der Ankündigung der Regierung Anfang Juli hitzig geführt wird. Es gibt Leute, die den Bundesrat beschuldigen, er habe dem Druck der Versicherer zu schnell nachgegeben. Im Sommerloch wird die Frage des Prozentsatzes plötzlich sehr heiss und sehr politisch.

swissinfo/Pierre Gobet, Zürich




20.07.2002 - 12:50

[konradi]

die Versicherungskrise könnte sich noch zu einer Bombe entwickeln, wenn die Leute merken, auf welchen wackligen Füßen die Riester-Rente steht.

[ThaiGuru]

http://www.reuters.com/news_article.jhtml?type=businessnews&…

More Selling, but Snapback Seen on Street

July 20, 2002 09:38 AM ET

By Brendan Intindola

NEW YORK (Reuters) - Expect no reprieve, as the stock market is likely to get shellacked next week by more languid earnings and deep-seated investor mistrust.

"The mood is just horrible. There is one crisis after another. Anything people can point to as a negative they are jumping all over it," said Mike Driscoll, a Bear Stearns managing director of listed trading. "Markets tend to go to extremes, and I am seeing a lot of good companies that are being completely annihilated without reason."

But the pros won`t rule out a reversal, as each rout to lows dating back to 1997 makes prices more alluring. The result, they say, could be a market that finishes the last full week of July unchanged, or with a minor loss.

Still, a small decline could offer some comfort for investors stunned by the Dow`s nearly 1,400-point drop since July 5, a span in which it fell nine days out of 10.

On Friday, the Dow Jones industrial average logged its seventh-largest points decline, falling nearly 400 points. The rout was led by health products giant Johnson & Johnson, which said U.S. regulators are probing allegations of fraudulent record-keeping at a Puerto Rico plant. The stock fell 16 percent.

The rush of corporate earnings reports continues in one of the busiest weeks of the reporting period. So far, the mountain of numbers and forecasts digested by investors every 90 days has stoked the July meltdown. It is not so much the results that have weighed, but the dim outlook for the future.

"Valuations matter, and they have been improving," said Thomas McManus, strategist at Banc of America Securities. "Now we are starting to see bargains popping up, good companies available at prices you would not have considered possible in some time."

One example, he said, is Automatic Data Processing Inc. . On Thursday, ADP shares surrendered almost a quarter of their value, dropping to a 1998 low, after the No. 1 U.S. payroll-services company warned of slower profit growth ahead.

"Here is a steady business, steady cash flow, rising dividend," McManus said, "ADP has been in business for 41 years, and it is an outstanding company."

MAGAZINE COVER GRRRRRL

Need another reason for emergent optimism? The latest issue of BusinessWeek magazine has a toothy, roaring bear on the cover. This in the past been a contrarian indicator, a harbinger of a turn in market sentiment.

If the bear`s prowl widens to more general news publications, such as Time magazine or Newsweek, investors should take that as even more encouragement to get back into stocks, McManus said.

"I think that the market is trying to form some form of tradable bottom," said Jeffrey Saut, Raymond James Financial chief investment strategist. For next week, he said he expects the market to "make a low and trade higher."

"Everything was OK until clients got their monthly statements a week ago. They saw the stealth decline in June, which was relentless ... and they dialed up 1-800-GET-ME-OUT," Saut said.

The Dow fell 9.4 percent in June, the worst month since a 10.5 percent drop in February. In July, the Dow has declined 13.2 percent, as investors fled from equities and there was little sign of a let-up.

Jack Francis, a senior Nasdaq trader at UBS Warburg, noted: "There were $11.4 billion in mutual fund outflows last week. That is monstrous, and selling begets selling.

Most of the earnings being reported by technology companies in general met analyst expectations, but Francis said their lowering of earning forecasts fueled pessimism on Wall Street.

EXPLODING BOTTOM

For evidence of a lasting market turn, Kevin Lane, chief market strategist at Technimentals Research Group in New York, will be looking at market breadth, which is the ratio of rising stocks to decliners.

The recent drop in stocks, he said, differs from the panic sell-off last September. In trading immediately after the attacks on the United States, stocks tumbled to three-year lows, but after a week of heavy selling, the breadth improved.

"Institutions on the buy side (like mutual funds) are not showing any confidence or conviction," Lane said. "Last September, we saw big surges in gainers versus decliners, we saw institutions step back into the market. Now, you are not seeing anyone step up with confidence or conviction."

While he waits for such an "explosion off the bottom" -- a day where rising volume beats down volume by at least a 10 to 1 ratio -- he said he sees a telling parallel between the surging market of early 2000 and today`s near-constant declines.

"There seems to be that last leg of the bear market. We are getting the mirror image of the bull market, when stocks were going up every day, seeming like they would never stop," he said.

The blue-chip Dow index closed at its lowest level since October 1998, finishing the week with a drop of 7.8 percent, pushing it back into bear territory. The Standard & Poor`s 500 ended the week down 8 percent and at a new 1997 low, and the Nasdaq composite finished the week off 4 percent.

So far this year, the Dow is off 20 percent, the S&P has surrendered 26.2 percent and the Nasdaq has tumbled 32.4 percent.

NUMBERS ON DECK

Earning will again dominate equity news, with a slew of results this week representing the quarter`s peak.

On Monday, American Express Co., 3M Co. and Texas Instruments are due to announce results.

Tuesday brings AT&T Corp., Amazon.com and Gillette Co., followed by Anheuser-Busch and AOL Time Warner on Wednesday.

Thursday, look for earnings from Viacom, American International Group and Eastman Kodak .

[ThaiGuru]

http://www.businessweek.com/magazine/toc/02_30/B37930230bear…

[Blecheuro]

@konradi

Ich betrachte es nur als Schweinerei, dáß man die Wackelkandidaten nicht beim Namen nennt!

[Dottore Lupo]

Hast du mich gemeint????????

Mit deinem # 1451!!!!!!!!!!!

cu DL

[ThaiGuru]

Panik und Ratlosigkeit an den USA Märkten!

Von Gold und Silber, als alternative Anlage Instrumente wird in der amerikanischen Presse bis jetzt noch nicht viel geschrieben. Verwunderlich um so mehr, als doch Gold und Silber, im Gegensatzt zu Stock Investments, in diesem Jahr überhaupt nichts an Wert eingebüsst haben. Im Gegenteil haben Gold und Silber gegenüber Aktien, die Gold und Silber Aktien natürlich ausgenommen, massiv zugelegt, wenn man die grossen Verluste an den Börsen berücksichtigt.

Warten wir es doch mal ab, wie lange es noch dauern wird, bis auch die hinterletzte Zeitung, Gold und Silber wieder als Anlage auf ihren Titelseiten empfehlen.

Lange wird es wohl nicht mehr dauern, wenn es mit dem Verfall der Aktien Märkte so weitergeht, und davon gehe ich aus!

Gruss

ThaiGuru




http://quote.bloomberg.com/fgcgi.cgi?ptitle=Top%20Financial%…

07/20 10:52

Investors See No Respite From Declines: U.S. Stocks Outlook

By Josh P. Hamilton


New York, July 20 (Bloomberg) -- U.S. stocks may begin the coming week the way they ended this one -- with the Standard & Poor`s 500 Index tumbling.

``There`s a panic going on, and it has to run itself out,`` said Louis Navellier, who manages about $5 billion at Navellier & Associates in Reno, Nevada. ``I`m very worried about earnings growth and then there are all these accounting shenanigans.``

Withdrawals from U.S. stock mutual funds are at almost double last September`s record pace, according to TrimTabs.com Investment Research Inc., as a worsening outlook for corporate earnings and the prospect of further revelations of accounting irregularities undercut investor confidence.

Navellier said the only stocks he currently owns are consumer companies such as Lowe`s Cos. and defense contractors like Lockheed Martin Corp., ``because business spending stinks.``

In the past two weeks, the S&P 500 declined 14 percent and the Dow Jones Industrial Average dropped 15 percent. Those losses were the biggest for any two-week period since the market`s crash in October 1987.

Next week, about one-third of the companies in the S&P 500 report second-quarter results. These include BellSouth Corp. on Monday, AT&T Corp. on Tuesday, AOL Time Warner Inc. on Wednesday and American International Group Inc. on Thursday.

Falling Forecasts

The latest declines came as companies including Automatic Data Processing Inc., Caterpillar Inc., Eli Lilly & Co., Microsoft Corp. and PNC Financial Services Group lowered earnings forecasts.

Of the 177 S&P 500 companies that have given third-quarter projections, 93 have said profits will be lower than analysts` forecasts, according to Thomson First Call. That`s more than twice the 40 that have said they will surpass estimates.

``There seems to be no reason to build any positive momentum,`` said Jeffrey Sledge, managing director and portfolio manager for Brencourt Advisors, a $900 million New York hedge fund. ``I think you could easily see another 10 percent on the downside`` for benchmark indexes.

Revelations by companies such as WorldCom Inc. that they have inflated earnings cast doubt even on better-than-expected results. WorldCom, the second-largest long-distance phone company, may file the biggest bankruptcy in U.S. history Sunday.

``In this kind of environment you`re not going to pay as much for earnings as you did when you felt more comfortable with the quality,`` said Peter Cooke, who helps manage $15 billion at Glenmede Trust Co. He expects valuations ``to continue to fall until companies can rebuild trust.``

Investor Withdrawals

Individuals fleeing the market amid stocks` third losing year are fueling the current declines, said Charles Biderman, president of TrimTabs, a Santa Rosa, California, company that tracks money flows.

``People are scared,`` said Biderman. ``The media and the politicians have done a great job of convincing the people who have been hanging in there through two years of losses that everyone`s a crook.``

More than $23 billion was pulled from stock funds the two weeks ended July 18, according to TrimTabs. That`s a monthly pace of $57 billion, according to Biderman. The previous record in a month was September`s $27 billion.

Investors and traders said more companies are likely to reveal accounting irregularities as they rush to square their books ahead of a government deadline that requires top executives to certify the accuracy of their companies` financial reports.

A Securities and Exchange Commission order goes into effect Aug. 14 mandating that principal executive officers and principal financial officers swear under oath that their companies` financial reports are accurate and complete, and that they have been reviewed by their companies` audit committees or independent board members.

The new requirement applies to those executives at public companies with annual sales over $1.2 billion. Currently there are 947 such companies on the SEC`s list.

``Someone`s going to say `our accounting has been extremely aggressive, borderline fraudulent for the past five years,``` said David Memmott, head of trading at Morgan Stanley, the world`s second-largest securities firm. ``Anyone who thinks it`s over is foolish.``

Greenspan`s View

This week, the S&P 500 lost 7.5 percent, while the Nasdaq Composite Index shed 3.4 percent. Both are at their lowest in more than five years.

The Dow slid 7.7 percent and became the last of the major indexes to fall below its September low. Among the 30 stocks in the Dow, only Boeing Co. has posted a gain so far this year. That hasn`t happened this late in a year in at least two decades.

Investors brushed aside a forecast from the Federal Reserve Board, which raised its projection for 2002 gross domestic product growth to between 3.5 percent and 3.75 percent from 2.5 percent to 3 percent forecast in February.

They focused instead on Fed Chairman Alan Greenspan`s testimony to Congress in which he addressed investor concern about the corporate bookkeeping scandals. ``Additional revelations of corporate malfeasance`` threaten the recovery by undermining consumer confidence, Greenspan told lawmakers.

Losers

Nicor Inc., the biggest loser in the S&P 500 this week, lost 46 percent for the past five days.

The parent of Northern Illinois Gas & Electric Co. on Thursday night disclosed losses and accounting irregularities at its Nicor Energy LLC retail-energy marketing joint venture with Dynegy Inc. Nicor said it may restate prior results. Dynegy, which has the steepest loss in the S&P 500 this year, plunged 37 percent this week.

Economic reports expected next week that may affect stocks include durable goods orders and home sales on Thursday and the University of Michigan consumer confidence report on Friday.

Companies scheduled to report quarterly earnings include 3M Co., Pharmacia Corp., Tyco International Ltd., Amgen Inc. and Exxon Mobil Corp.

``The market will eventually rescued by earnings, but it will be fragile,`` Navellier said. ``All I can do is try to stink less than my competition. This is a horrible, horrible environment.``

[ThaiGuru]

@Dr. Luppo

Nein Dich habe ich nicht gemeint!

Du hast ja meines Wissens, kürzlich auch nicht einen Einbruch der Gold Minen Aktien Preise, um 30% bei steigendem Goldpreis prophezeit.

Gruss

ThaiGuru

[ThaiGuru]

http://timesofindia.indiatimes.com/articleshow.asp?art_id=16…

India `biggest` swing factor in global silver mkt:


PTI [ SUNDAY, JULY 21, 2002 11:43:03 AM ]

NEW DELHI: An international metal consultancy agency, Gold Fields Minerals Services, has identified India as one of the biggest `swing` factor in the global silver market apart from China.


"Silver demand in Asia is dominated by a handful of large markets, namely Japan, China, India and Thailand, who collectively account for around 40 per cent of the total world fabrication offtake," according to UK-based GFMS Director Paul Walker.


Of these, India and China have been two of the biggest "swing factors in the global silver marktet in recent years, Walker said.


India`s influence in the last decade has been firmly on the demand side, with offtake surging to record levels in 2001.


"Crucially, India and China have, in the past four years, become increasingly intertwined, Walker said, adding, "we estimate a significant portion of India`s needs over this period have been met from Chinese supplies."


According to GFMS estimates, imports to India surged by close to 20 per cent or over 24 million ounces.


GFMS, in the `World Silver Survey 2002`, said silver offtake in India had grown strongly to around 22 per cent.


GFMS, while quoting the survey undertaken by the Silver Institute, said silver fabrication demand might recover strongly in 2002 as the world`s economies pick up steam.


Silver fabrication demand had dipped 4.9 per cent in 2001, principally due to a downturn in global GDP, the anaemic performance of the electronics industry and the bursting of the `tech bubble.`


The electronics sector was the key factor behind the decline in overall silver fabrication in 2001, the survey revealed.


However, it said jewellery and silverware demand had escalated a solid 2.2 per cent in 2001 and Asia accounted for most of the global gains with Indian offtake growing particularly strong

[ThaiGuru]

.
.


http://www.boston.com/dailyglobe2/202/business/Gold_real_est…

Gold, real estate lure investors from stocks


By Bloomberg News, 7/21/2002

WASHINGTON - Falling stock prices, investigations of corporate deceit, and money market funds that yield little more than inflation have pushed investors to real estate and precious metals as a shelter for their cash.

US homebuyers are increasing down payments as a share of property values, and consumers are becoming reacquainted with gold pieces such as American Eagles and Krugerrands. Bullion has won converts among younger Japanese investors, even as the government is trying to entice them into bonds with ads by a movie star.

Tangible assets such as homes could become even more attractive to US investors, who this past week saw the Standard & Poor`s 500 index drop to its lowest level since 1997. Bristol-Myers Squibb Co. joined the list of companies, including WorldCom Inc. and Adelphia Communications Corp., whose financial and accounting practices are under federal scrutiny.

``I want to be able to understand where my money is,`` says Martha Kumar, a political science professor at Towson University in Towson, Md., who recently made a down payment worth 36 percent of the value of her new home in Washington, D.C. ``In real estate, you can see that.`` (Liebe Martha, ich befürchte Du irrst Dich ganz gewaltig, auch die Imobilien Bubble in den USA, dürfte bald zu platzen beginnen, ThaiGuru)

Median down payments for repeat home buyers are up to an average of 25 percent of US home values, compared to 19 percent in 1999, according to the National Association of Realtors, a Washington trade group.

More Americans are seeking the comfort of precious metals as well. This week, a banker bought 1,524 one-ounce American Gold Eagle coins, worth about $500,000, says Michael Kramer, head trader at Manfra Tordella & Brookes Inc., a metals dealer in New York.

``One guy is buying 200 to 300 ounces of gold a week,`` Kramer says. Many people started picking up bullion at below $300 per ounce earlier this year, he says, so ``it is the first time in years that somebody has been able to have a profit.``

At FH Coins & Collectibles, a dusty, standing-room-only shop crammed with old porcelain and crystal as well as coins on New York`s Upper East Side, owner David Heller says people are calling up or walking in off the street three out of five days a week and asking how to buy gold. Usually, he sells them American Eagle, Canada Maple Leaf, or South African Krugerrand coins.

``A year ago, you couldn`t give it away,`` he says. Gold, which doesn`t pay dividends, was trading below $300 an ounce and ``you couldn`t interest anybody in buying.``

Demand at his shop now is almost as strong as it was in 1999, when investors hoarded gold on fears that the arrival of Jan. 1, 2000, would cause computers to malfunction and throw business into chaos. ``With everything going on in the economy, people want something substantial,`` he says.

Gold for August delivery rose June 4 to $328.80 an ounce, the highest closing price for the metal since October 1997. Back then, stocks had tumbled in reaction to a slump in Asian economies. Last month, investors were concerned that India and Pakistan were going to war. A year ago, gold fetched $266.

Few analysts expect gold, trading at more than $310 since mid- May, to exceed $400 an ounce this year. Sales of jewelry have declined. And central banks, which hold about one-fourth of above-ground reserves, continue to sell.(Dieser Abschnitt, stellt meiner Ansicht nach, eine typische Fehlinformation dar, ThaiGuru)

This story ran on page E4 of the Boston Globe on 7/21/2002.
© Copyright 2002 Globe Newspaper Company.

[niemandweiss]

Grüss Dich Thaiguru,

ich beschäftige mich gerade mit dem 87er Crash und frage mich gerade, ob Gold- Silberminen wirklich in Crashzeiten die richtige Anlageform sind. Kannst du erlären, warum es im XAU genauso herunterging ? Soweit ich erkenne, ging es erst "nach dem Crash" mit dem XAU aufwärts.

[mickym [VIP]]

@NW

Das ist auch anscheinend in den 30igern so passiert (s. #1453)

Nach dem Autor:

As you said, if you try to suggest gold could have another leg down, people are screaming and arguing with you. That generally is not the case early in a Bear Market, usually there are a lot of skeptics at that point. So there’s some anecdotal evidence that the scenario of one rally and one final decline, which is exactly what we saw in 1931 and 1932, is on schedule. But, I don’t think it’s that crucial of a question for most people.


Gruss Mic

[ThaiGuru]

@Niemandweiss

Zuerst mal die Gegenfrage an Dich:

Was glaubst Du denn, was die richtige Anlageform heute beim gerade stattfindenden Börsen Crash ist?

Zum Chart den Du reingestellt hast, an dem ersichtlich ist, dass der Xau zusammen mit dem Dow beim Oktober Crash 87 zusammen gefallen sind, und sich danach der Xau im Gegensatzt zum Dow sehr schnell wieder teilweise, von 90 auf 120 erholt hat.

Die Veraussetzungen sind doch heute gewaltig anders als damals 1987!

Gold befand sich 1987 in einem Abwärtstrend, und nicht wie heute 2002 in einem neuen Aufwärtstrend. Die Minen Aktienpreise hatten im Zuge der überhitzten Aktienpreise, (Vor dem Crash) am Dow auch zusätzlich profitieren können, und standen viel höher als heute.

Zudem hatten praktisch alle Minen noch nicht angefangen ihre Gold Produktionskosten, massiv zu senken, wie es heute der Fall ist. Man muss heute auch den XAU Index mit vorsicht geniessen, weil er eben viele gehedgte Minen enthält, die von einem starken Goldpreisanstieg, nicht, oder nur wenig profitieren können. 1987 gab es meinem Wissenstand nach, nur sehr wenig Hedging bei Goldminen im XAU, im Gegenstz zu heute.

(Alles ca. Zahlen)

1987 Gold: 460.-$ Dow: 2700 DROOY: 15.-$ XAU: 160

2002 Gold: 320.-$ DOW: 8000 DROOY: 4.27$ XAU: 71

Falls wir nächstens noch zusätzlich einen Tages Crash ala Oktober 1987 erleben würden, will ich nicht ausschliessen, dass der *XAU* nachgeben könnte, doch halte ich es für sehr unwahrscheinlich, dass zum Bsp. der *HUI* Gold Bugs Index, mit seinen ungehedgten Minen, überhaupt nachgeben wird, bestimmt auch nicht, wenn wir von einem höheren Goldpreis ausgehen. Falls von interessierter Seite der Goldpreis nochmals unter Papier Gold Verkaufsdruck kommen sollte, ist ein vorübergehender Fall des *HUI* Index jedoch tämporär möglich.

Nächte Woche sollte eigentlich schon viel mehr Klarheit bringen.

Gruss

ThaiGuru

[Blecheuro]

Den Inhalt Deiner Zeilen nehme ich mit Bedauern zur Kenntnis und stelle fest, daß Du noch ein viel größerer Laberer bist als ich immer dachte! Ich erkläre hier ausdrücklich, daß ich keine Doppel-IDS habe und bitte KaeptnAhab zu prüfen, ob ich eine weitere ID außer der Bleheuro-ID habe und dies hier mit einem klaren Ja oder Nein zu beantworten.

Ansonsten kannst Du Thailaberer hier reinkopieren, was immer Du willst.

Meinetwegen auch, was Du für Unterhosen trägst, denn oft sind vergheichbare Witzchen von Dir hier reinkopiert!

[Trendfolger]

thai weiss wie man sich verkauft. Wie der Feuerwehrmann, der die braende selbst legte! nur hatte der Feuerwehrmann seine minderwertgkeitskomplexe nicht.

[Tippgeber1]

@Blecheuro:O

Der Käpt´n kann soviel prüfen wie er will. Was ich vorher nicht wußte, es ist möglich bei WO verschiedene Namen anzugeben, so dass WO nicht rausbekommen kann, ob es sich um selbige User handelt oder nicht.

Insofern können viele ID´s benutzt werden ohne das Wo das rausbekommen kann. Insofern weißt Du natürlich, dass bei Dir vermutlich ein dahingehender Nachweis für Wo schwer möglich sein wird. Daher auch Deinen Äußerungen sehr viel später zu diesem Thema.

Das ändert aber gar nichts an den zahlreichen Übereinstimmungen bestimmter User bis hin zu dem Satzbau und den identischen Rechtschreibfehlern und die Möglichkeit der Übereinstimmungen ohne das Wo das prüfen könnte. Insofern bleibe ich bei meinen damaligen Feststellungen.


Kein Wunder, dass Du wieder anfängst, Dich weit aus dem Fenster zu lehnen.

Gruß


Tippgeber

[Tippgeber1]

@Trendfolger

Du verwechselst Ursache und Wirkung. Blechi hat den Brand gelegt und Thai hat dann versucht diesen Flächenbrand zu löschen.

Wie sich jemand verkauft ist da vollkommen nebensächlich.

Eine Bitte: Erspare uns doch Deinen Ergüsse und unterstelle anderen nicht, dass Sie Minderwertigkeitsgefühle hätten.
Was hat das mit dem Thema hier zu tun?

Weißt Du wohl selber nicht.


Gruß

Tippgeber

[Tippgeber1]

@Blechi
@Trendfolger

Bitte lasst doch dieses Board frei von Euren Anfeindungen und zahlreichen Unterstellungen. Der Käptn hat Euch doch extra ein Board eingerichtet, wo ihr euch völlig auslassen könnt.

Hier sollen eigentlich nur die schreiben, die wirklich Ahnung von der Materie haben und da gehört ihr beide Glücksritter und Phropheten ja nun wirklich bekanntermaßen nicht zu

Also haltet diese Board sauber und müllt andere Threads voll.

Dankschön

Gruß

Tippgeber

[silvo]

nur so nebenbei: Krügerrand Ankauf 299,-- Verkauf 331,-- ,=Differenz 32,-- (vor 3 Wochen war die Differenznur ca 8,-- bis 10,--)seltsam,seltsam

[ThaiGuru]

@Blecheuro

Werde hier in meinem Thread den Lesern versuchen aufzuzeigen, was Du für eine Koryphäe bist.

Du bist nicht nur ein Betrüger bei Deinen eigenen Zugriffszahlen, sondern auch ein Lügner in Deinen gemachten Aussagen über ThaiGuru. Ob, und bei wievielen IDs zu selbst dahinterstehst, will ich jetzt nicht nochmals weiter eingehen.

Ich möchte den Lesern nur aufzeigen, dass Du eben nicht der sichere, und wissensstarke Kerl in Sachen Gold und Silber Aktien bist, als den Du Dich gerne bei den Lesern im WGoldboard, und in Deinem Thread verkaufen möchtest, sondern im Gegenteil ein unwissender, von Aengsten und Unsicherheit gesteuerter, vermutlich alter Mann, der je nach Gold und Silber Wetterlage, irgendwelche Behauptungen und Schlagworte zum besten gibt, obwohl Du Dir selbst nie sicher warst, und andere selbst um Rat fragen musstest.

Desshalb werde ich einige Deiner gemachten Aussagen im Board, und ebenso einige Deiner Anfragen über Boardmail an mich, des besseren Verständnisses wegen, und zu Deiner persönlichen Erinnerungs-Auffrischung hier in diesem Thread veröffentlichen.

Dass Du im Zuge der anstehenden Silberpreis Erhöhung einige Male richtig lagst, war ja nicht sehr schwer, nachdem der Silberpreis ein über 20 Jahre Tief erreicht hatte, und eigentlich jedermann wusste, dass es fast nicht mehr weiter runtergehen kann, ohne dass die Silber Minen aufhören zu existieren, und sich auch Gold und Silber Minen wie die *CDE*, *Hecla*, etc. kurz vor dem Konkurs standen.

Deine Impertinenz, und eigene Ueberschätzung, bestimmte Vorhersagen zum Silber Preis auf den genauen Betrag, und das exakte Datum zu machen, ging ja meistens auch total in die Hosen.

Gruss

ThaiGuru