PAN Amer Silver (NASDAQ: PAAS) - 500 Beiträge pro Seite
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Meistdiskutierte Wertpapiere
| Platz | vorher | Wertpapier | Kurs | Perf. % | Anzahl | ||
|---|---|---|---|---|---|---|---|
| 1. | 1. | 17.738,20 | -0,09 | 193 | |||
| 2. | 2. | 148,83 | -0,73 | 96 | |||
| 3. | 5. | 0,1740 | -5,69 | 76 | |||
| 4. | 7. | 6,6880 | -0,59 | 73 | |||
| 5. | 8. | 3,7750 | +0,94 | 66 | |||
| 6. | 17. | 7,3000 | -0,07 | 45 | |||
| 7. | 4. | 2.399,37 | +0,84 | 44 | |||
| 8. | Neu! | 756,75 | -18,50 | 32 |
Feedback
Ein anderes Silber Spiel.
Dieses ist eine langfristige Wette...auch eine sehr kleine Position von meinem Gesamtportfolio.
Schöner Chart!
Dieses ist ein wirklich schöner Chart. Ich kann sehen das gerade die Flagge herunter ein sehr großes Interesse bei den Käufern erweckt. Die Technik alleine ist genug Beweis für mich zu reiten diese Aktie für mindestens 2 Monate. Ist eng genug bei der 50-day EMA, dieses ist eine gute Zeit um einzusteigen.
Viel Glück für Euch Alle!
peter.wedemeier1
Dieses ist eine langfristige Wette...auch eine sehr kleine Position von meinem Gesamtportfolio.
Schöner Chart!
Dieses ist ein wirklich schöner Chart. Ich kann sehen das gerade die Flagge herunter ein sehr großes Interesse bei den Käufern erweckt. Die Technik alleine ist genug Beweis für mich zu reiten diese Aktie für mindestens 2 Monate. Ist eng genug bei der 50-day EMA, dieses ist eine gute Zeit um einzusteigen.
Viel Glück für Euch Alle!
peter.wedemeier1
Zurück auf die 50-day und erfolgreich getestet. Habe zur bestehenden Position hizugefügt. Silber! Der Gesamtmarkt (DOW, NASDAQ -> Widerstand ist 1550 und der nächste 1650) eröffnete unten!
peter.wedemeier1
peter.wedemeier1
Übrigens, ein Precious Metal als ein Hedge für sein Depot, falls die Marktrallye verfehlt.
Ich denke z. B. bei der Nasdaq fehlt mir die Überzeugung wie der Widerstand von 1550 genommen worden ist. Wenn die Nasdaq wieder unter die 1550 fallen sollte, dann Gute Nacht Nasdaq für eine längere Zeit. Also ist es im Moment bei der Nasdaq eine entscheidende Situation.
peter.wedemeier 1
Ich denke z. B. bei der Nasdaq fehlt mir die Überzeugung wie der Widerstand von 1550 genommen worden ist. Wenn die Nasdaq wieder unter die 1550 fallen sollte, dann Gute Nacht Nasdaq für eine längere Zeit. Also ist es im Moment bei der Nasdaq eine entscheidende Situation.
peter.wedemeier 1
Eine weitere Gold- und Silber-Rallye hat begonnen. Erfreue dich den Ritt nach oben.
peter.wedemeier1
peter.wedemeier1
N24 ist ebenfalls positiv für Gold und Silber gestimmt.
Vielleicht können mir die Amerikaner mal sagen, ob
die kleine Macmin (Silberwert) an der Nasdaq im Frei-
verkehr gehandelt wird?
Vielleicht können mir die Amerikaner mal sagen, ob
die kleine Macmin (Silberwert) an der Nasdaq im Frei-
verkehr gehandelt wird?
Trading Spotlight
Macmin ist in den USA unbekannt.
Gruß
peter.wedemeier1
Gruß
peter.wedemeier1
Fügt bei Silber hinzu.
Silber könnte haben mehr Aufwärtspotenzial als Gold und die Technik bei PAAS sieht für den Einstieg gut aus.
peter.wedemeier1
Silber könnte haben mehr Aufwärtspotenzial als Gold und die Technik bei PAAS sieht für den Einstieg gut aus.
peter.wedemeier1
Sieht aus wie ein guter Einstiegszeitpunkt.
Langfristiges Kursziel $12,-
peter.wedemeier1
Langfristiges Kursziel $12,-
peter.wedemeier1
Silber bei $5,11 (+0,09) im asiatischen Markt.
PAAS hat eine sehr schnell steigende Produktion. Kapazität sollte ungefähr doppelt so hoch sein (bei existierendem Besitz, nicht berücksichtigend den bay Merger) so das price to sales ratio wird runterkommen.
Silber ist gerade gestartet sich nach oben zu bewegen und dieses ist das beste Silberunternehmen. Es ist der Produzent mit der niedrigsten Kostenbasis, mit riesigen Reserven (~400 millionen oz)und mit sehr niedrigen Schulden. Es scheint dieses Unternehmen könnte am besten von einem Ausfall an Silberlieferungen profitieren.
Silberpreis kann von hier aus nur ansteigen. Es sit so billig, das es gar nicht viel tiefer gehen kann.
Der Dollar hat mehr als 10% in ungefähr 3 Monaten verloren. So $5 Silver ist heute das Äquivalent von $4,50 Silver im April. PAAS ist fertig zu testen $10,- Anfang nächster Woche. Und, die Mutual Fonds werden einsteigen. sobald der Kurs über $10,- gestiegen ist und den Kurs schnell höher treiben. Aufgrund Ihrer Fonds Statuten können sie nicht unter $10,- kaufen.
peter.wedemeier1
PAAS hat eine sehr schnell steigende Produktion. Kapazität sollte ungefähr doppelt so hoch sein (bei existierendem Besitz, nicht berücksichtigend den bay Merger) so das price to sales ratio wird runterkommen.
Silber ist gerade gestartet sich nach oben zu bewegen und dieses ist das beste Silberunternehmen. Es ist der Produzent mit der niedrigsten Kostenbasis, mit riesigen Reserven (~400 millionen oz)und mit sehr niedrigen Schulden. Es scheint dieses Unternehmen könnte am besten von einem Ausfall an Silberlieferungen profitieren.
Silberpreis kann von hier aus nur ansteigen. Es sit so billig, das es gar nicht viel tiefer gehen kann.
Der Dollar hat mehr als 10% in ungefähr 3 Monaten verloren. So $5 Silver ist heute das Äquivalent von $4,50 Silver im April. PAAS ist fertig zu testen $10,- Anfang nächster Woche. Und, die Mutual Fonds werden einsteigen. sobald der Kurs über $10,- gestiegen ist und den Kurs schnell höher treiben. Aufgrund Ihrer Fonds Statuten können sie nicht unter $10,- kaufen.
peter.wedemeier1
Silberpreis steigt. Silber wird benötigt für Verbrauchs- und Industriegüter. Der Dollar wird schwach bleiben, die Staatsdefizite werden weiter ansteigen. Silber (und Gold) werden nicht mehr länger als defensives Spiel angesehen. Es ist die Investition der nächsten 20 Jahre. Der breite Markt wird einen Boden haben unter Wasser und mindestens noch 50&%tiefer. Das Defizit bei den Lieferungen gegenüber dem Bedarf aufgrund von Unterinvestitionen in den vergangenen Jahren bei den Minen wird die Preise für Silber und Gold kräftig ansteigen lassen.
peter.wedemeier1
peter.wedemeier1
PAAS ist einer von den besten Unternehmen im gesamten Aktienmarkt. Angst hat eingesetzt und ein Rausschütteln ist in Arbeit. Das ist der Moment in dem man bei solchen Qualitätsunternehmen long gehen sollte. Nehmt Vorteile von diesem bargain Kurs.
peter.wedemeier1
peter.wedemeier1
Dieses ist ein großes Tief bei den Metallen. Für Leute die die Finger nicht von den Dow Jones, DAX, Euro Stoxx, Nemax oder Nasdaq, etc. lassen können, können PAAS aus Absicherungsgründen wählen, für den Fall das die Aktien vom breiten Markt wieder sehr stark fallen werden. Und Sie werden!
peter.wedemeier1
peter.wedemeier1
Heute welche gekauft. Kauf erfolgte nur aufgrund Charttechnik. Fundamental kenne ich den Wert nicht. Erste Ziel:ca. 7 Euro, dann 9,50.
Retrace nach sell off!
PAAS patizipierte an der breiten Rallye am Montag. Guter Hedge, wenn der breite Markt (Dow Jones, Nasdaq) einmal mehr in die Knie geht und sehr lange benötigen wird (Jahre) seinen Boden zu finden auf wesentlich niedrigerem Niveau.
peter.wedemeier1
PAAS patizipierte an der breiten Rallye am Montag. Guter Hedge, wenn der breite Markt (Dow Jones, Nasdaq) einmal mehr in die Knie geht und sehr lange benötigen wird (Jahre) seinen Boden zu finden auf wesentlich niedrigerem Niveau.
peter.wedemeier1
Hello Mr. Wedemeier 
wie wirkt sich Ihrer Meinung nach der
angestrebte merger mit Corner Bay aus ?
Corner Bay ist heute um 17 % gestiegen.
Sollte man dort noch einsteigen ?
gruß konradi
wie wirkt sich Ihrer Meinung nach der
angestrebte merger mit Corner Bay aus ?
Corner Bay ist heute um 17 % gestiegen.
Sollte man dort noch einsteigen ?
gruß konradi
@konradi.
Nur bei PAAS einsteigen!
peter.wedemeier1
Nur bei PAAS einsteigen!
peter.wedemeier1
DANKE !
Die aktuelle Tbei PAAS:
Der Kurs von PAAS war unter das untere Bollinger Band gefallen und hat anschließend ein gap aufwärts auf hohem Volumen gemacht. Der RSI sieht sehr positiv aus und andere Indikatoren haben auch gedreht. Gold- und Silberwerte sind sehr gute Investments für die mittel- und langfristige Zukunft, seitdem das Weltklima solche Investments favorisiert. Und das Weltklima scheint sich auch nicht zu verbessern, mit der Situation im Mittleren Osten, die sich aktuell wieder aufheizt und dem Krieg gegen den Irak, der nur noch eine Frage der Zeit ist.
Ich glaube, das wir bei dem breiten Markt (Dow Jones, DAX, Nasdaq und Nemax) in einer kurz andauernden bear market Rallye gewesen sind, welche jetzt ihr Ende gefunden hat. Aber während dieser Periode, sind die Gold- und Silberwerte auf mehr als befriedigende Bewertungen herunter gekommen. PAAS zeigte seine Stärke im Mai und im Juni. PAAS war klar überverkauft, als die Sucker bear market Rallye bei dem Dow Jones in der letzten Woche (mit einem +400 Punkte Gewinn/Tag!) im Gang war. Klar, dort gab es internationale Ereignisse, die Gold und Silber iunter Kontrolle hielten, mit nich weniger als extreme Trading Situationen zwischen den Währungen und den großen Bullion Häusern (Gangsterbanken wie JP Morgan Chase, Citigroup -> diese beiden Banken sollten geshortet werden, solange bis sie mit einem steigenden Goldpreis kaputt (bankrott) sind!). Diese Ereignisse gehören nun der Vergangheit an! und die nächste Welle aufwärts beim Gold und Silber könnte nun nicht mehr von den großen Tradern und anderen Regierungsverantwortlichen unter Kontrolle gehalten werden.
peter.wedemeier1
Der Kurs von PAAS war unter das untere Bollinger Band gefallen und hat anschließend ein gap aufwärts auf hohem Volumen gemacht. Der RSI sieht sehr positiv aus und andere Indikatoren haben auch gedreht. Gold- und Silberwerte sind sehr gute Investments für die mittel- und langfristige Zukunft, seitdem das Weltklima solche Investments favorisiert. Und das Weltklima scheint sich auch nicht zu verbessern, mit der Situation im Mittleren Osten, die sich aktuell wieder aufheizt und dem Krieg gegen den Irak, der nur noch eine Frage der Zeit ist.
Ich glaube, das wir bei dem breiten Markt (Dow Jones, DAX, Nasdaq und Nemax) in einer kurz andauernden bear market Rallye gewesen sind, welche jetzt ihr Ende gefunden hat. Aber während dieser Periode, sind die Gold- und Silberwerte auf mehr als befriedigende Bewertungen herunter gekommen. PAAS zeigte seine Stärke im Mai und im Juni. PAAS war klar überverkauft, als die Sucker bear market Rallye bei dem Dow Jones in der letzten Woche (mit einem +400 Punkte Gewinn/Tag!) im Gang war. Klar, dort gab es internationale Ereignisse, die Gold und Silber iunter Kontrolle hielten, mit nich weniger als extreme Trading Situationen zwischen den Währungen und den großen Bullion Häusern (Gangsterbanken wie JP Morgan Chase, Citigroup -> diese beiden Banken sollten geshortet werden, solange bis sie mit einem steigenden Goldpreis kaputt (bankrott) sind!). Diese Ereignisse gehören nun der Vergangheit an! und die nächste Welle aufwärts beim Gold und Silber könnte nun nicht mehr von den großen Tradern und anderen Regierungsverantwortlichen unter Kontrolle gehalten werden.
peter.wedemeier1
Was für ein Geblubber vom Herrn Wedemeier. Der hat die Aktien und schreibzt sich froh. Der größte Blödsinn ist das mit der Regierung etc.....
Die SMA 5 hat nördlich die SMA 10 passiert.
Die Aktie setzt fort bullish zu sein., wie die Bollinger Bänder vor ein paar Tagen angezeigt haben. Der SMA 10 ist bullish. Der aktuelle Kurs hat sich über die SMA 5 bewegt. Das MACD Histogramm hat ins bullishe gedreht. Die MACD Trendlinien sind bullish. Die Stochastik Trendlinien sind bullish.
peter.wedemeier1
Die Aktie setzt fort bullish zu sein., wie die Bollinger Bänder vor ein paar Tagen angezeigt haben. Der SMA 10 ist bullish. Der aktuelle Kurs hat sich über die SMA 5 bewegt. Das MACD Histogramm hat ins bullishe gedreht. Die MACD Trendlinien sind bullish. Die Stochastik Trendlinien sind bullish.
peter.wedemeier1
Silber!
Diese Aktie ist eine gute solide Wahl.
peter.wedemeier1
Diese Aktie ist eine gute solide Wahl.
peter.wedemeier1
Chartroom:
http://www.panamericansilver.com/
Pan American Silver is a mining company focused exclusively on silver.
Production from our three wholly-owned primary silver mines in 2001 was 6.9 million ounces of silver -- a 92 percent increase over that of 2000. Output from the Quiruvilca mine in Peru was scaled back in 2001 to 3.26 million ounces of silver due to low metal prices. In April 2001 full-scale production began at the Huaron mine, also in Peru, which contributed 2.9 million ounces of silver production for the remainder of 2001. Huaron`s silver production in 2002 is forecast at 4.7 million ounces. Small-scale production also began in early 2001 from the La Colorada mine in Mexico, resulting in 0.76 million ounces of silver output for the year.
Steady state production from these three operations should result in approximately 9.0 million ounces of silver production in 2002 -- a further 25 percent increase over 2001`s output. Development plans are underway to begin full-scale production at La Colorada in early 2003, which would add 2.6 million ounces of silver output, and bring Pan American Silver`s total production to over 11.0 million ounces in 2003. This production base will make Pan American Silver the purest large silver producer in the world.
Pan American now controls total silver reserves and resources of more than 611 million ounces and property holdings that give it a solid pipeline of future development projects.
Pan American Silver is listed on the NASDAQ National Market Board (trading symbol PAAS) and the Toronto Stock Exchange (trading symbol PAA), where it forms part of the TSE 300 Index, the TSE 200 Index, and the S&P/TSE Small Cap Index.
HEDGING PHILOSOPHY
Metal hedging has received a very bad name in recent years. But there is a huge difference between hedging and speculation. When banks fund mine construction, they commonly require the mining company to set a floor price for the sale of a portion of the mine`s metal production. This requirement reduces the risk that the mining company may not be able to make loan payments if there were a downward swing in metal prices. Commonly, companies establish a floor price by buying puts, which give the company the right, but not the obligation, to sell their metal at a pre-defined price. Buying puts is the most conservative hedging tool but it costs money, thereby reducing the ultimate rate of return on the mine. Companies occasionally offset a portion of the cost of establishing a floor price by selling calls. Selling calls may obligate the company to provide a set amount of metal to the buyer at the agreed price, which is usually higher than the floor price. Some companies go beyond prudent measures by selling calls or forwards for several times the amount of their annual production. This is pure speculation. In the event of a significant increase in metal price, being forced to honor sales contracts for more metal than is produced is often difficult, if not impossible, and is very costly. Pan American will not engage in this type of speculation.
Pan American is loath to give away the upside on any of its silver production and will do so only to the minimum extent required as a condition of prudent mine financing.
COST PER OUNCE CALCULATIONS
Pan American, like many other precious metals producers, uses methods established by The Gold Institute (Production Cost Standards, Nov. 1999) to calculate costs per ounce produced at mine operations. For each mine we total all direct mining costs, add smelting and shipping costs, plus royalties, production-related taxes and mine management/ administration costs. From this total we subtract the dollar amount we get from selling the mine`s by-products (zinc, lead, copper, gold) to get the "total cash cost per ounce" of silver produced. Our total cash costs will reflect our mining efficiency, and also the by-product metal prices. For instance, when zinc prices are low, we get smaller by-product revenues from zinc. Subtracting this smaller by-product number from our total costs yields a higher total cash cost per ounce of silver. The "total production cost per ounce" of silver is the "cash cost per ounce" of silver plus DD&A and reclamation.
The DD&A number (depreciation, depletion and amortization) is an accounting allowance for the cost to acquire, develop, construct and sustain a mining operation. The reclamation component is an accounting allowance for the cost to close the mine at the end of its life. The bulk of these dollars are spent at the beginning or end of a mine`s life but, of course, reflect the true total mine cost.
Pan American Silver Corp.
Suite 1500, 625 Howe Street
Vancouver, B.C.
V6C 2T6
Pan American Silver is a mining company focused exclusively on silver.
Production from our three wholly-owned primary silver mines in 2001 was 6.9 million ounces of silver -- a 92 percent increase over that of 2000. Output from the Quiruvilca mine in Peru was scaled back in 2001 to 3.26 million ounces of silver due to low metal prices. In April 2001 full-scale production began at the Huaron mine, also in Peru, which contributed 2.9 million ounces of silver production for the remainder of 2001. Huaron`s silver production in 2002 is forecast at 4.7 million ounces. Small-scale production also began in early 2001 from the La Colorada mine in Mexico, resulting in 0.76 million ounces of silver output for the year.
Steady state production from these three operations should result in approximately 9.0 million ounces of silver production in 2002 -- a further 25 percent increase over 2001`s output. Development plans are underway to begin full-scale production at La Colorada in early 2003, which would add 2.6 million ounces of silver output, and bring Pan American Silver`s total production to over 11.0 million ounces in 2003. This production base will make Pan American Silver the purest large silver producer in the world.
Pan American now controls total silver reserves and resources of more than 611 million ounces and property holdings that give it a solid pipeline of future development projects.
Pan American Silver is listed on the NASDAQ National Market Board (trading symbol PAAS) and the Toronto Stock Exchange (trading symbol PAA), where it forms part of the TSE 300 Index, the TSE 200 Index, and the S&P/TSE Small Cap Index.
HEDGING PHILOSOPHY
Metal hedging has received a very bad name in recent years. But there is a huge difference between hedging and speculation. When banks fund mine construction, they commonly require the mining company to set a floor price for the sale of a portion of the mine`s metal production. This requirement reduces the risk that the mining company may not be able to make loan payments if there were a downward swing in metal prices. Commonly, companies establish a floor price by buying puts, which give the company the right, but not the obligation, to sell their metal at a pre-defined price. Buying puts is the most conservative hedging tool but it costs money, thereby reducing the ultimate rate of return on the mine. Companies occasionally offset a portion of the cost of establishing a floor price by selling calls. Selling calls may obligate the company to provide a set amount of metal to the buyer at the agreed price, which is usually higher than the floor price. Some companies go beyond prudent measures by selling calls or forwards for several times the amount of their annual production. This is pure speculation. In the event of a significant increase in metal price, being forced to honor sales contracts for more metal than is produced is often difficult, if not impossible, and is very costly. Pan American will not engage in this type of speculation.
Pan American is loath to give away the upside on any of its silver production and will do so only to the minimum extent required as a condition of prudent mine financing.
COST PER OUNCE CALCULATIONS
Pan American, like many other precious metals producers, uses methods established by The Gold Institute (Production Cost Standards, Nov. 1999) to calculate costs per ounce produced at mine operations. For each mine we total all direct mining costs, add smelting and shipping costs, plus royalties, production-related taxes and mine management/ administration costs. From this total we subtract the dollar amount we get from selling the mine`s by-products (zinc, lead, copper, gold) to get the "total cash cost per ounce" of silver produced. Our total cash costs will reflect our mining efficiency, and also the by-product metal prices. For instance, when zinc prices are low, we get smaller by-product revenues from zinc. Subtracting this smaller by-product number from our total costs yields a higher total cash cost per ounce of silver. The "total production cost per ounce" of silver is the "cash cost per ounce" of silver plus DD&A and reclamation.
The DD&A number (depreciation, depletion and amortization) is an accounting allowance for the cost to acquire, develop, construct and sustain a mining operation. The reclamation component is an accounting allowance for the cost to close the mine at the end of its life. The bulk of these dollars are spent at the beginning or end of a mine`s life but, of course, reflect the true total mine cost.
Pan American Silver Corp.
Suite 1500, 625 Howe Street
Vancouver, B.C.
V6C 2T6
GO PAAS!!!!!!
peter.wedemeier1
peter.wedemeier1
Go PAAS Go!!!!!
PAAS is King unter den Silberminen!
Up Up and away!
peter.wedemeier1
PAAS is King unter den Silberminen!
Up Up and away!
peter.wedemeier1
www.investmentrarities.com/weeklycommentary.html
The Eagles Soar
By Theodore Butler
http://www.investmentrarities.com/weeklycommentary.html
The Eagles Soar
By Theodore Butler
http://www.investmentrarities.com/weeklycommentary.html
Positiver MACD; Silver wird mit dem Gold nach oben gezogen (Long Empfehlung)
Geht long bei Silber, und PAAS sieht aus wie die beste Silberaktie die man in seinem Depot haben sollte.
Seht Euch die Chartformation an, das Volumen, die Analysten Meinungen.
Geht long bei Silber, und PAAS sieht aus wie die beste Silberaktie die man in seinem Depot haben sollte.
Seht Euch die Chartformation an, das Volumen, die Analysten Meinungen.
Silver Could Outshine Gold In 2003 - Analyst
http://www.wsrn.com/apps/news/art.xpl?id=5148261&f=NEWS
http://www.wsrn.com/apps/news/art.xpl?id=5148261&f=NEWS
"I made some very specific observations about the lack of
legitimate speculative position limits in silver, and the obvious unbacked manipulative net short sale of 260 million
ounces by the 4 or less traders, and the 350 million ounces sold net naked short by the 8 or less largest traders."
-Ted Butler....
legitimate speculative position limits in silver, and the obvious unbacked manipulative net short sale of 260 million
ounces by the 4 or less traders, and the 350 million ounces sold net naked short by the 8 or less largest traders."
-Ted Butler....
Unterstützt GATA und Ron Paul.
http://www.investmentrarities.com/weeklycommentary.html
http://www.investmentrarities.com/weeklycommentary.html
WEEKLY COMMENTARY
September 10, 2002
Here is a further exchange between Neal Wolkoff of the Comex and Ted Butler.
Via e mail
September 3, 2002
http://www.investmentrarities.com/
September 10, 2002
Here is a further exchange between Neal Wolkoff of the Comex and Ted Butler.
Via e mail
September 3, 2002
http://www.investmentrarities.com/
Global Economy
Perils of the debt-propelled economy
By Henry C K Liu
http://www.atimes.com/atimes/Global_Economy/DI14Dj01.html
Perils of the debt-propelled economy
By Henry C K Liu
http://www.atimes.com/atimes/Global_Economy/DI14Dj01.html
>Silver swindle!
By: Tim Wood
Posted: 2002/09/16 Mon 21:24 | © Miningweb 1997-2002
http://www.mips1.net/mggold.nsf/Current/4225685F0043D1B28525…
By: Tim Wood
Posted: 2002/09/16 Mon 21:24 | © Miningweb 1997-2002
http://www.mips1.net/mggold.nsf/Current/4225685F0043D1B28525…
Ab einem Silberpreis von >=4,62/oz werden wir einen breakout nach oben sehen bei PAAS.
Der 200-day EMA dient als Unterstützung. PAAS sollte es bei einem Silberpreis/oz von > 4,62 schnell schaffen, wieder über die 13-day und 50-day EMA zu steigen.
PAAS sollte Unterstützung bei $6,50 finden und schnell wieder über die EMA 13-day und 50-day steigen. Wenn der Silberpreis auf $6,- steigt, dann werden wir PAAS bei $15,- sehen. Im Juni war PAAS bei ungefähr $10,- als der Silberpreis bei $5,15 war. PAAS ist ein sehr gutes Silberspiel.
Sunday, September 22
Is silver a better hedge than gold?
By DAVE EBNER
From Saturday`s Globe and Mail
http://www.theglobeandmail.com/servlet/ArticleNews/business/…
Is silver a better hedge than gold?
By DAVE EBNER
From Saturday`s Globe and Mail
http://www.theglobeandmail.com/servlet/ArticleNews/business/…
PAAS sollte nun schnell wieder über die EMA 13-day und EMA 50-day steigen!
Die EMA 200-day dient als Unterstützung.
>Gold bears slink in the shadows
By: Tim Wood
http://www.mips1.net/mwnew.nsf/Current/85256C400066C6FA85256…
By: Tim Wood
http://www.mips1.net/mwnew.nsf/Current/85256C400066C6FA85256…
Ein gutes Einstiegsniveau. Sollte nun wieder zurück über die SMA 50 und 200 springen!
peter.wedemeier1
Geht long hier! und spielt Gold und Silber!
Pan American Silver ist eine kanadische Silbermine mit aktievn Projekten weltweit. PAAS ist nun auf seinem Boden angekommen. PAAS agiert als sehr guter Hedge gegen die Aktien indem sie tendiert sich gegensätzlich von den Märkten zu entwickeln.
peter.wedemeier1
Pan American Silver ist eine kanadische Silbermine mit aktievn Projekten weltweit. PAAS ist nun auf seinem Boden angekommen. PAAS agiert als sehr guter Hedge gegen die Aktien indem sie tendiert sich gegensätzlich von den Märkten zu entwickeln.
peter.wedemeier1
www.berkshirehathaway.com/news/feb03981.html
BERKSHIRE HATHAWAY INC.
PRESS RELEASE
FOR IMMEDIATE RELEASE
February 3, 1998
Because of recent price movements in the silver market and because Berkshire Hathaway has received inquiries about
its ownership of the metal, the company is releasing certain information that it would normally have published next
month in its annual report.
The company owns 129,710,000 ounces of silver. Its first purchase was made on July 25, 1997 and its most recent
purchase was made on January 12, 1998.
During 1998, Berkshire has accepted delivery of 87,510,000 ounces in accordance with the terms of the purchase
contracts and the remaining contracts for 42,200,000 ounces call for delivery at varied dates until March 6, 1998. To
date, all deliveries have been made on schedule. If any seller should have trouble making timely delivery, Berkshire is
willing to defer delivery for a reasonable period upon payment of a modest fee.
Over 30 years ago, Warren Buffett, CEO of Berkshire Hathaway, made his first purchase of silver in anticipation of the
metal`s demonetization by the U.S. Government. Since that time he has followed silver`s fundamentals but no entity he
manages has owned it. In recent years, widely-published reports have shown that bullion inventories have fallen very
materially, because of an excess of user-demand over mine production and reclamation. Therefore, last summer Mr.
Buffett and Mr. Munger, Vice Chairman of Berkshire, concluded that equilibrium between supply and demand was only
likely to be established by a somewhat higher price.
All metal was purchased for London delivery through a single brokerage firm. No options have been or are held by
Berkshire. No purchases have been made that established new highs for the metal and all buying has been after dips.
Berkshire has had no knowledge of the actions or positions of any other market participant and today has no such
knowledge.
Berkshire has no present plans for purchase or sale of silver. The position at cost comprises less than 2% of the
company`s investment portfolio.
--END--
BERKSHIRE HATHAWAY INC.
PRESS RELEASE
FOR IMMEDIATE RELEASE
February 3, 1998
Because of recent price movements in the silver market and because Berkshire Hathaway has received inquiries about
its ownership of the metal, the company is releasing certain information that it would normally have published next
month in its annual report.
The company owns 129,710,000 ounces of silver. Its first purchase was made on July 25, 1997 and its most recent
purchase was made on January 12, 1998.
During 1998, Berkshire has accepted delivery of 87,510,000 ounces in accordance with the terms of the purchase
contracts and the remaining contracts for 42,200,000 ounces call for delivery at varied dates until March 6, 1998. To
date, all deliveries have been made on schedule. If any seller should have trouble making timely delivery, Berkshire is
willing to defer delivery for a reasonable period upon payment of a modest fee.
Over 30 years ago, Warren Buffett, CEO of Berkshire Hathaway, made his first purchase of silver in anticipation of the
metal`s demonetization by the U.S. Government. Since that time he has followed silver`s fundamentals but no entity he
manages has owned it. In recent years, widely-published reports have shown that bullion inventories have fallen very
materially, because of an excess of user-demand over mine production and reclamation. Therefore, last summer Mr.
Buffett and Mr. Munger, Vice Chairman of Berkshire, concluded that equilibrium between supply and demand was only
likely to be established by a somewhat higher price.
All metal was purchased for London delivery through a single brokerage firm. No options have been or are held by
Berkshire. No purchases have been made that established new highs for the metal and all buying has been after dips.
Berkshire has had no knowledge of the actions or positions of any other market participant and today has no such
knowledge.
Berkshire has no present plans for purchase or sale of silver. The position at cost comprises less than 2% of the
company`s investment portfolio.
--END--
UBS Warburg
14th October 2002
(in case you didn`t already see it)
Silver: The committment of trader`s report of silver confirms out suspicion that Comex-trading speculators initiating new short positions have driven the recent sell-off in silver. In the week to last Tuesday the net long position in silver fell by 52 million ounces and we estimate that a further 20-30 million ounces of selling was seen last week. This takes the Gross spec short silver position to about 120 million ounces, the highest since November last year. In the month following the peak in gross silver short in November, silver rallied by more than 40 cents.
Postscript:
There is a nice presentation of the COT report at http://www.technicalindicators.com/silvcotreport.htm
Looks like commercials are lightening up their shorts and adding to their longs, large speculators are going increasingingly short, and little guys continue to be bullish on silver.
14th October 2002
(in case you didn`t already see it)
Silver: The committment of trader`s report of silver confirms out suspicion that Comex-trading speculators initiating new short positions have driven the recent sell-off in silver. In the week to last Tuesday the net long position in silver fell by 52 million ounces and we estimate that a further 20-30 million ounces of selling was seen last week. This takes the Gross spec short silver position to about 120 million ounces, the highest since November last year. In the month following the peak in gross silver short in November, silver rallied by more than 40 cents.
Postscript:
There is a nice presentation of the COT report at http://www.technicalindicators.com/silvcotreport.htm
Looks like commercials are lightening up their shorts and adding to their longs, large speculators are going increasingingly short, and little guys continue to be bullish on silver.
!
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Der Goldspot Preis sollte nun sehr stark steigen können, nachdem die Unterstützung vom Haupttrend bei $308,- gestern gehalten hat. Und mit dem steigenden Goldpreis sollten auch die Minen steigen. Beobachtet nun, wie der breite Markt DAX, DOW JONES, Nasdaq und Nemax sich nun aufmacht um neue historische und "dramatische" Tiefs zu setzen. Nachdem alle wie schwachsinnige (Konjunktur und Weltwirtschaft geht nach unten und die Aktien nach oben, LOL! Aktien gekauft und damit eine Sucker Rallye hingelegt haben. Neue "dramtische" und historische Tiefs wird es alleine schon aus Enttäuschung geben und das nun noch mehr Anleger endgültig die Nase voll vom Aktienmarkt haben. LOL.
peter.wedemeier1
Aktien gekauft und damit eine Sucker Rallye hingelegt haben. Neue "dramtische" und historische Tiefs wird es alleine schon aus Enttäuschung geben und das nun noch mehr Anleger endgültig die Nase voll vom Aktienmarkt haben. LOL.peter.wedemeier1
silverfundamentals -
That was great post. Thank you. Regarding the COMEX shorts, be sure the 8 or less traders are the manipulators, because even if they had the 350 million ounces in silver backing up their short sale, that still doesn`t give them the right to intentionally cap the market and drive it down. These 8 traders were obviously working in concert, in a coordinated manner to effect the price. That is so against commodity law, it isn`t funny. And, as I suspect, if they don`t have the real silver, they should be taken right to jail and silver will jump $20 during the night that news comes out.
You are correct to suggest that the bosses at PAAS (and other silver producers) seem to be ignoring a problem (and a solution) that is of vital concern to the shareholders, even though they would seem to have a clear responsibility to do so. If this silver scam turns out the way that I, and many others, see it turning out, and the bosses have continued to ignore their responsibilities, I don`t know how they can escape personal liability afterwards, to those that were harmed by their looking the other way. Again, great post.
Ted Butler
That was great post. Thank you. Regarding the COMEX shorts, be sure the 8 or less traders are the manipulators, because even if they had the 350 million ounces in silver backing up their short sale, that still doesn`t give them the right to intentionally cap the market and drive it down. These 8 traders were obviously working in concert, in a coordinated manner to effect the price. That is so against commodity law, it isn`t funny. And, as I suspect, if they don`t have the real silver, they should be taken right to jail and silver will jump $20 during the night that news comes out.
You are correct to suggest that the bosses at PAAS (and other silver producers) seem to be ignoring a problem (and a solution) that is of vital concern to the shareholders, even though they would seem to have a clear responsibility to do so. If this silver scam turns out the way that I, and many others, see it turning out, and the bosses have continued to ignore their responsibilities, I don`t know how they can escape personal liability afterwards, to those that were harmed by their looking the other way. Again, great post.
Ted Butler
There`s been a pretty good, imo, discussion over the past few days, at the HL board, concerning the two simple questions I wrote that shareholders should ask that management ask of the CFTC and the COMEX, namely where is the real silver backing the 350 million ounces net short sale by the 8 or less COMEX traders, and why there are no legitimate specualtive position limits in COMEX silver. Just because the debate has evolved on the HL Board, does not mean that this doesn`t apply to CDE and PAAS, as it certainly does.
Ted Butler
Ted Butler
Der Silberchart sieht auch nicht besser aus.
Who said he had to use the word "crooks" and "manipulators"? He can ask politely, but just ask. No libel there, my friend.
As I wrote to Neal Wolkoff, I offerred a very simple solution - just show that the 350 million ounces exist, and we`ll assume that backed the shorts. No need to disclose who owns it. Keep trying.
Ted Butler
As I wrote to Neal Wolkoff, I offerred a very simple solution - just show that the 350 million ounces exist, and we`ll assume that backed the shorts. No need to disclose who owns it. Keep trying.
Ted Butler
It`s kind of funny, you say there may be a manipulation, but that Beatty shouldn`t check it out, because the evidence isn`t conclusive. What makes it funny, is that the Justice Department is curently announcing at a newsconference, confirmation that a manipuation did actually occur in the California Energy market (much bigger than the silver market, BTW). Of course, there was no concrete proof that a manipulation was occuring at the time of the Calif manipulation, just suspicions. Only difference with silver, is that I have laid out a clear case in advance for manipulation. If it turns out later that I have been correct, the silver producers might turn out to be very sorry and culpable if they do not check it out. Like I told Beaty - it`s his choice.
Ted Butler
Ted Butler
No disrespect intended, and I`m happy you have benefitted from my writings, but I don`t know how someone who believes there is a deficit in silver and is bullish long term, can dimiss the manipulation thesis. There can be no more extreme bullish situation for a commodity than to be in a deficit. Good luck, sir
Ted Butler
Ted Butler
Thanks for your thoughts. It is extremely logical to assume, when studying the recognized silver statistics that have been published, over the past 15 years, that the statistics must be wrong, and that there is no deficit in silver. After all, the law of supply/demand 101, the cornerstone of our free market system says you can`t have a long term commodity deficit and flat to lower prices. The only other possible alternative explanation is a long term market manipulation, as I allege. Let me explain, very briefly why I say it`s manipulation, because I can prove that the statistics are basically correct.
First off, as far as "secret" flows of supplies, most come and go from publicly owned companies, and it would be hard for the statistics keepers (not me, by the way) to miss them for 15 years. More importantly, the deficit is, as it must be, confirmed by a corresponding drop in world inventories. To wit - the US Government, the formerly largest owner of silver in the world, 60 years ago, with 6 billion ounces, is now tap city.(By the way, that comes out to 100 million ounces per year average of satisfying the deficit). In addition, over the past 6 or 7 years, COMEX inventories have declined about 70% from 350 million ounces to under 110. So the statistics appear to be correct and proven.
At least you fine gentlemen acknowledge the potential problem, as is logical. My point in coming on this thread, is to question why the officers and directors of PAAS and the Silver Institute won`t do the same. Let`s get to the bottom of this. Have Ross Beaty ask publicly what backed the 350 million oz net short sale by 8 or less COMEX crooks, and why aren`t there speculative position limits in COMEX silver, as the law requires? What`s to lose?
Ted Butler
First off, as far as "secret" flows of supplies, most come and go from publicly owned companies, and it would be hard for the statistics keepers (not me, by the way) to miss them for 15 years. More importantly, the deficit is, as it must be, confirmed by a corresponding drop in world inventories. To wit - the US Government, the formerly largest owner of silver in the world, 60 years ago, with 6 billion ounces, is now tap city.(By the way, that comes out to 100 million ounces per year average of satisfying the deficit). In addition, over the past 6 or 7 years, COMEX inventories have declined about 70% from 350 million ounces to under 110. So the statistics appear to be correct and proven.
At least you fine gentlemen acknowledge the potential problem, as is logical. My point in coming on this thread, is to question why the officers and directors of PAAS and the Silver Institute won`t do the same. Let`s get to the bottom of this. Have Ross Beaty ask publicly what backed the 350 million oz net short sale by 8 or less COMEX crooks, and why aren`t there speculative position limits in COMEX silver, as the law requires? What`s to lose?
Ted Butler
<<Who Needs Comex & Such Norilsk Nickel sees no spot palladium sales in 2002-03
RBC, 17.10.2002, Moscow 10:12:58.Norilsk Nickel, the world`s top producer of palladium, said on Wednesday it had no plans to return in 2002 and 2003 to the spot market of this platinum group metal it had left in the second half of 2001. "We have very good contracts with consumers of palladium, and we sell now, and we will continue selling an increasing volume of the metal under these contracts," Maxim Finsky, Norilsk deputy chief executive, told reporters. "We have direct long-term contracts not only for this year, but also for the next year, and we hope they will cover the main (output) volumes. If we stockpile something, we will do so to stabilize the market."
But he said Norilsk intended to continue selling on the spot market other platinum group metals, platinum and rhodium, which were not supplied to end-users under long-term contracts.
Norilsk produces 40 percent of the world palladium and 17 percent of platinum. Last Wednesday, Norilsk revealed it had signed a long-term contract to supply platinum group metals to the world`s number one car maker General Motors, the Russia Journal reported.>>
RBC, 17.10.2002, Moscow 10:12:58.Norilsk Nickel, the world`s top producer of palladium, said on Wednesday it had no plans to return in 2002 and 2003 to the spot market of this platinum group metal it had left in the second half of 2001. "We have very good contracts with consumers of palladium, and we sell now, and we will continue selling an increasing volume of the metal under these contracts," Maxim Finsky, Norilsk deputy chief executive, told reporters. "We have direct long-term contracts not only for this year, but also for the next year, and we hope they will cover the main (output) volumes. If we stockpile something, we will do so to stabilize the market."
But he said Norilsk intended to continue selling on the spot market other platinum group metals, platinum and rhodium, which were not supplied to end-users under long-term contracts.
Norilsk produces 40 percent of the world palladium and 17 percent of platinum. Last Wednesday, Norilsk revealed it had signed a long-term contract to supply platinum group metals to the world`s number one car maker General Motors, the Russia Journal reported.>>
Thanks for comments. I was beginning to think I was talking to a wall. First, these attempts at explaining the backing for the 350 million oz are bizarre. Spreading the short position over 18 months, why? The short is concentrated in the nearbys. Catalysts and silver in process and junk coins and India and the shorts could get the silver if they really, really had to? Huh? This is legitimate hedging? The CFTC nor the COMEX would not dare to advance such silly explanations.
In most cases, the obvious and logical explanation is the truth. I think that`s the case with the concentrated short selling by the handful of insider crooks on the COMEX. Anyone who follows the markets know the large tech funds and the dealers are the elephants and price setters, because they deal in much larger trading quantities than any other participants (this is why we need legitimate speculative position limits in COMEX silver). Ask yourself this - when the tech funds and other speculators, large and small, came into silver market this summer as buyers, what would the price have been if the concentrated 8 shorts hadn`t increased their naked short position to over 350 million ounces? What would the price have been without this 350 million ounce naked short position? Let me give you the answer - $20+ per ounce. It ain`t about catalysts and hedging junk coins - it`s about keeping the price from exploding. And that, my friends, is why this is a manipulation and the 8 or less traders are crooks. Because if you take away this gargantuan naked short sale, the price of silver would be in the mid to high double digits. And if Beaty doesn`t want to inquire about this, then fine. But I`ll be damned if I can come up with a legitimate reason why he wouldn`t want to.
Ted Butler
In most cases, the obvious and logical explanation is the truth. I think that`s the case with the concentrated short selling by the handful of insider crooks on the COMEX. Anyone who follows the markets know the large tech funds and the dealers are the elephants and price setters, because they deal in much larger trading quantities than any other participants (this is why we need legitimate speculative position limits in COMEX silver). Ask yourself this - when the tech funds and other speculators, large and small, came into silver market this summer as buyers, what would the price have been if the concentrated 8 shorts hadn`t increased their naked short position to over 350 million ounces? What would the price have been without this 350 million ounce naked short position? Let me give you the answer - $20+ per ounce. It ain`t about catalysts and hedging junk coins - it`s about keeping the price from exploding. And that, my friends, is why this is a manipulation and the 8 or less traders are crooks. Because if you take away this gargantuan naked short sale, the price of silver would be in the mid to high double digits. And if Beaty doesn`t want to inquire about this, then fine. But I`ll be damned if I can come up with a legitimate reason why he wouldn`t want to.
Ted Butler
Thanks for your post and your concern for my personal welfare. I am well aware of the saying, "be careful what you wish for, as you just may get it." It is not something I dismiss out of hand or take lightly. But I would like to clear the record on a number of issues you mentioned.
For one, like you, I recognize the need for the authorities to "manage" things, at times, for the common good. Whatever can be done to maintain a strong a stable currency, for instance, would fall into that category. I have never written of a connection between the dollar (or the stock market or inflation, etc.) and silver because, frankly, I don`t see one. Second, I don`t bundle gold and silver together. I consider them two different commodities. I have never offered a specific price target of $500 (or any other price) on gold, because the price of gold is determined, imo, on peoples` "faith or belief" in that metal. I`m a commodity supply/demand analyst, and I don`t know how to logically analyze that faith. Silver (like lead, zinc or copper or oil) , on the other hand, can be analyzed on supply/demand, and that is what I have tried to do. If you told me $500 silver, I`d say maybe, in a spike. If you told me $500 gold. I`d say, Huh?, I don`t know.
$50+ silver is not something the world should fear, as it is, imo, a reality and inevitability that will be caused by supply/demand. Only the timing is in question. I think the miners can accelerate that timing, to the benefit of their shareholders, by asking the two simple questions I have outlined. I think it is their responsibility, and if they don`t, and things unfold as I suggest, they will spend the rest of their days with shattered reputations, for having done nothing when they were in the position to do something. You`ve missed my point if you think I am only concerned with quick riches - I am trying to end an obvious manipulation. If Beaty wants to pretend it doesn`t exist, that`s his business.
Ted Butler
For one, like you, I recognize the need for the authorities to "manage" things, at times, for the common good. Whatever can be done to maintain a strong a stable currency, for instance, would fall into that category. I have never written of a connection between the dollar (or the stock market or inflation, etc.) and silver because, frankly, I don`t see one. Second, I don`t bundle gold and silver together. I consider them two different commodities. I have never offered a specific price target of $500 (or any other price) on gold, because the price of gold is determined, imo, on peoples` "faith or belief" in that metal. I`m a commodity supply/demand analyst, and I don`t know how to logically analyze that faith. Silver (like lead, zinc or copper or oil) , on the other hand, can be analyzed on supply/demand, and that is what I have tried to do. If you told me $500 silver, I`d say maybe, in a spike. If you told me $500 gold. I`d say, Huh?, I don`t know.
$50+ silver is not something the world should fear, as it is, imo, a reality and inevitability that will be caused by supply/demand. Only the timing is in question. I think the miners can accelerate that timing, to the benefit of their shareholders, by asking the two simple questions I have outlined. I think it is their responsibility, and if they don`t, and things unfold as I suggest, they will spend the rest of their days with shattered reputations, for having done nothing when they were in the position to do something. You`ve missed my point if you think I am only concerned with quick riches - I am trying to end an obvious manipulation. If Beaty wants to pretend it doesn`t exist, that`s his business.
Ted Butler
WEEKLY COMMENTARY
October 22, 2002
Here We Go Again
By Theodore Butler
http://www.investmentrarities.com/10-22-02.html
I intentionally avoid talking publicly about the miners as investments, but this article happened to come out today, that may address some of your questions -
I read Savois` stuff, and get a big kick out of it. He usually just refers to me as Butler, which kind of makes me feel like Sting, or Madonna, or the artist formerly known as Prince. His stuff is always a lot of fun. Don`t have his e-mail, but try Dave Morgan at silver-investor.com
Ted Butler
October 22, 2002
Here We Go Again
By Theodore Butler
http://www.investmentrarities.com/10-22-02.html
I intentionally avoid talking publicly about the miners as investments, but this article happened to come out today, that may address some of your questions -
I read Savois` stuff, and get a big kick out of it. He usually just refers to me as Butler, which kind of makes me feel like Sting, or Madonna, or the artist formerly known as Prince. His stuff is always a lot of fun. Don`t have his e-mail, but try Dave Morgan at silver-investor.com
Ted Butler
I thank you for the civil reply and I completely understand your impatience and frustration in awaiting the resolution of this silver conundrum. All we can do is examine the case as logically as possible, given available information. We must try to normalize what information we have and try to come up with relative value. In this regard, it is worth comparing the inventory situation between two sister precious metals, gold and silver. Their relationship goes back 5000 years or more.
In 1980, at the price peaks of each, roughly $800 for gold and $50 for silver, there was a ratio of 16 to 1. This was also the ratio for hundreds of years. At the current price of gold, $315, that would translate into a price of around $20 for silver. But, don`t stop there. We know that of the roughly 1.5 billion ounces of gold produced since 1980, most went into jewelry and bars and coins, which had a very small, compared to silver, percentage additional mark up to metal value, and not industrial consumption. This means that above ground supply of gold basically doubled.
In the case of silver, since there was a known industrial deficit, the amount of silver above ground, fell by 2 billion ounces, to some much smaller number. (Silver jewelry and sterling ware has a much, much higher percentage markup or craftsman`s premium to metal than gold`s premium, and therefor would take a much larger increase in price to shake free.)
So here we have one commodity, a precious metal, with close to exhausted inventories and still in a deficit, selling at a much wider ratio than it did 20 years ago, when it had much more in inventory, to another commodity, also a precious metal, that has more than doubled its amount in above ground existence of 20 years ago, with the promise of more to come. Also, in this case the cheaper commodity is vital in thousands of industrial applications to modern life, while the expensive commodity could disappear entirely from our existence without causing a ripple, in terms of our standard of living and daily life (not for Mr.T, of the A Team and rappers, obviously.)
And not only is silver ridiculously undervalued compared to gold, it is also selling at a historic all-time discount to platinum, another precious metal. And, if you take out the extreme peak of $1000, silver is simultaneously, at an all-time discount to palladium. I say, manipulation, and only manipulation could account for these incredible anomalies. Hang in there.
Ted Butler
In 1980, at the price peaks of each, roughly $800 for gold and $50 for silver, there was a ratio of 16 to 1. This was also the ratio for hundreds of years. At the current price of gold, $315, that would translate into a price of around $20 for silver. But, don`t stop there. We know that of the roughly 1.5 billion ounces of gold produced since 1980, most went into jewelry and bars and coins, which had a very small, compared to silver, percentage additional mark up to metal value, and not industrial consumption. This means that above ground supply of gold basically doubled.
In the case of silver, since there was a known industrial deficit, the amount of silver above ground, fell by 2 billion ounces, to some much smaller number. (Silver jewelry and sterling ware has a much, much higher percentage markup or craftsman`s premium to metal than gold`s premium, and therefor would take a much larger increase in price to shake free.)
So here we have one commodity, a precious metal, with close to exhausted inventories and still in a deficit, selling at a much wider ratio than it did 20 years ago, when it had much more in inventory, to another commodity, also a precious metal, that has more than doubled its amount in above ground existence of 20 years ago, with the promise of more to come. Also, in this case the cheaper commodity is vital in thousands of industrial applications to modern life, while the expensive commodity could disappear entirely from our existence without causing a ripple, in terms of our standard of living and daily life (not for Mr.T, of the A Team and rappers, obviously.)
And not only is silver ridiculously undervalued compared to gold, it is also selling at a historic all-time discount to platinum, another precious metal. And, if you take out the extreme peak of $1000, silver is simultaneously, at an all-time discount to palladium. I say, manipulation, and only manipulation could account for these incredible anomalies. Hang in there.
Ted Butler
sirrealtime -
u wrote, about me -
he has a lot of knowledge about the market, and some good ideas I think. But as I said before, in my opinion he twists things to support a super-extreme bullish case. Not only does this ultimately hurt his cause (because such one-sided analysis turns off intelligent people), but it isn`t even necessary! The bull argument for silver is quite strong (again IMO) without getting ridiculous about it.
*********************
Thanks for the compliments, but I think you are missing my point, if you think I am being super-extreme, beyond reason. Based upon my reading of all the facts surrounding the silver market, I think a super-extreme conclusion is the rational conclusion. If I am wrong, so be it. I don`t see how that will hurt anyone. If we only double or triple, instead of go up, eventually, ten or twenty fold, what`s the harm?
Based upon my study, this is a manipulated market. When that manipulation ends, as it must, the resultant counter-reaction to that manipulation will be radical. I`m sorry if it offends your scientific sense of of reasonableness, but I`m looking at it through my personal experiences. I say we stay manipulated until we are manipulated no more, and then we explode. I don`t think I should have to apologize for what I sincerely believe. Certainly not until I have been proven wrong. And let me be clear about what will make me wrong. If we go up , like a normal market, with backing and filling and no disorderliness and emergencies, and reach a free market price that balances current supply and demand, then I was wrong. Fair enough?
Ted Butler
u wrote, about me -
he has a lot of knowledge about the market, and some good ideas I think. But as I said before, in my opinion he twists things to support a super-extreme bullish case. Not only does this ultimately hurt his cause (because such one-sided analysis turns off intelligent people), but it isn`t even necessary! The bull argument for silver is quite strong (again IMO) without getting ridiculous about it.
*********************
Thanks for the compliments, but I think you are missing my point, if you think I am being super-extreme, beyond reason. Based upon my reading of all the facts surrounding the silver market, I think a super-extreme conclusion is the rational conclusion. If I am wrong, so be it. I don`t see how that will hurt anyone. If we only double or triple, instead of go up, eventually, ten or twenty fold, what`s the harm?
Based upon my study, this is a manipulated market. When that manipulation ends, as it must, the resultant counter-reaction to that manipulation will be radical. I`m sorry if it offends your scientific sense of of reasonableness, but I`m looking at it through my personal experiences. I say we stay manipulated until we are manipulated no more, and then we explode. I don`t think I should have to apologize for what I sincerely believe. Certainly not until I have been proven wrong. And let me be clear about what will make me wrong. If we go up , like a normal market, with backing and filling and no disorderliness and emergencies, and reach a free market price that balances current supply and demand, then I was wrong. Fair enough?
Ted Butler
Thanks for your comments. I think you are confusing inventories, known and unknown, with supply and demand. For supply and demand, I readily accept the recognized statistical tabulations (CPM, GFMS USGS). I do, however, offer my own interpretation on those statistics, which anyone can accept or reject. My interpretation, of course, is that the market is manipulated.
As far as inventories, I see no more than 150 million ounces in documented bullion inventories. I allowed for 500 million to 1 billion in unknown bullion inventories (includes coins). I`m not sure of your point. If you`re saying there is less in inventories, I won`t argue. If you`re saying much more, without any kind of back-up, I would argue. One thing to keep in mind - regardless of the amount in inventory, who`s to say that inventory is available at current prices? If anyone has a better explanation for why we are at these current prices, other than the manipulation that I allege, I`d love to hear that explanation.
Ted Butler
As far as inventories, I see no more than 150 million ounces in documented bullion inventories. I allowed for 500 million to 1 billion in unknown bullion inventories (includes coins). I`m not sure of your point. If you`re saying there is less in inventories, I won`t argue. If you`re saying much more, without any kind of back-up, I would argue. One thing to keep in mind - regardless of the amount in inventory, who`s to say that inventory is available at current prices? If anyone has a better explanation for why we are at these current prices, other than the manipulation that I allege, I`d love to hear that explanation.
Ted Butler
I could be wrong, but I think you are getting my point. If you read the paragraph you refer to in my recent article, I use the word world silver "inventories" rather freely. I did not use the word "elemental" silver at all. I do not consider, nor would I expect any market analyst to consider, inventory to mean jewelry, or knives or forks, or silver in any similair forms. Nor silver Eagles. I wouldn`t care what a geologist had to say on the matter. I know what inventory means.
I grant you that there is silver out there, not in bullion inventory form, that, in a shockingly higher price structure, may or may not, find its way to the market. But that is a completely different discussion as to what is now in inventory, and it`s kind of silly to try and factor that great unknown into current price structure. It is not what is keeping silver at current prices. It does not factor into the current price structure, in any way. Let`s save the debate on what happens to this "elemental" silver until we get to that higher price level. It`s kind of like worrying excessively about what one`s tax liability may be in the event one makes a great profit. Let`s concentrate on getting the great profit (or higher silver price level) first, then we can debate what happens next.
Ted Butler
I grant you that there is silver out there, not in bullion inventory form, that, in a shockingly higher price structure, may or may not, find its way to the market. But that is a completely different discussion as to what is now in inventory, and it`s kind of silly to try and factor that great unknown into current price structure. It is not what is keeping silver at current prices. It does not factor into the current price structure, in any way. Let`s save the debate on what happens to this "elemental" silver until we get to that higher price level. It`s kind of like worrying excessively about what one`s tax liability may be in the event one makes a great profit. Let`s concentrate on getting the great profit (or higher silver price level) first, then we can debate what happens next.
Ted Butler
I don`t know what those numbers mean that are attached to my posts. Sometimes It`s a 1, sometimes a 6, sometimes a 7. If I`m doing something wrong, I apologize, as my screen shows "do not disclose opinion" when I enter my posts. I don`t issue buy, sell or hold, stock recommendations. I hope I made that clear.
Ted Butler
Ted Butler
Two things will break the silver deficit, either one of which will do the trick. One, a visible physical shortage, which is the inevitable end result of a deficit. Two, an enforcement of existing commodity law to enforce legitimate speculative postion limits in COMEX silver, which will destroy the 4 and 8 or less largest commercial crooks` ability to short sell in unlimited and uneconomic quantities, capping the price. That is why it is important for the miners to ask the two simple questions of the COMEX and CFTC.
You`ll have to ask a prophet or swami for the exact timing, but I can tell you the minute either of those two things occur, we lift-off.
Ted Butler
PS - I`m not concerned about silver as money, as there simply isn`t enough left for it to ever serve as a currency, or for currency backing. It`s much too important in its role as a vital industrial commodity, to be considered for something as frivilous as money. Maybe gold, but definitely not silver, imo.
You`ll have to ask a prophet or swami for the exact timing, but I can tell you the minute either of those two things occur, we lift-off.
Ted Butler
PS - I`m not concerned about silver as money, as there simply isn`t enough left for it to ever serve as a currency, or for currency backing. It`s much too important in its role as a vital industrial commodity, to be considered for something as frivilous as money. Maybe gold, but definitely not silver, imo.
Malaysia backs Iran proposal to set up international gold dinar
Kuala Lumpur, Oct 24, IRNA
http://www.irna.com/en/head/021024134327.ehe.shtml
Kuala Lumpur, Oct 24, IRNA
http://www.irna.com/en/head/021024134327.ehe.shtml
Re: volume on mining stocks, I wouldn`t read too much into it. Earlier in the year, there was some excitement in the metals and we had volume come into the stocks by non-metal people. That has faded as the excitement wore off. It`s probably bullish on balance.
Of more importance is the reason for owning silver mining companies (or any resource stock) in the first place. I own some (don`t want to get specific) simply as a play on the price silver. In fact, I would imagine that would be the reason most folks would own them. It`s certainly not because of great management, or current big profits or dividends. It`s a bet on the future price of silver. What breaks my heart (and pisses me off) is that these brain-dead managers keep extracting the owners` resource with no gain to shareholders, it`s only purpose appears to be to keep their own salaries and perks coming in.
In just the US alone, over the past 15 years, close to a billion ounces of silver have been taken from the ground, with not one penny of profit being passed to the shareholders. It would have been better for the shareholders to have just shut down and leave the resource there, as all they have to show for it is a big, black, empty hole. Of course, I can say this with the benefit of hindsight, but this is my real point - why aren`t these SOB managers trying to lift a finger (not the middle one) and attempt to rectify what many of their shareholders see as an obvious manipulation in the silver market? They`re supposed to safeguard the shareholders` assets, not feather their own nests. Whose side are they on anyway - the real owners or the vermin crooks on the COMEX?
Ted Butler
Of more importance is the reason for owning silver mining companies (or any resource stock) in the first place. I own some (don`t want to get specific) simply as a play on the price silver. In fact, I would imagine that would be the reason most folks would own them. It`s certainly not because of great management, or current big profits or dividends. It`s a bet on the future price of silver. What breaks my heart (and pisses me off) is that these brain-dead managers keep extracting the owners` resource with no gain to shareholders, it`s only purpose appears to be to keep their own salaries and perks coming in.
In just the US alone, over the past 15 years, close to a billion ounces of silver have been taken from the ground, with not one penny of profit being passed to the shareholders. It would have been better for the shareholders to have just shut down and leave the resource there, as all they have to show for it is a big, black, empty hole. Of course, I can say this with the benefit of hindsight, but this is my real point - why aren`t these SOB managers trying to lift a finger (not the middle one) and attempt to rectify what many of their shareholders see as an obvious manipulation in the silver market? They`re supposed to safeguard the shareholders` assets, not feather their own nests. Whose side are they on anyway - the real owners or the vermin crooks on the COMEX?
Ted Butler
WEEKLY COMMENTARY
October 29, 2002
Two Kinds of Silver
By Theodore Butler
http://www.investmentrarities.com/10-29-02.html
October 29, 2002
Two Kinds of Silver
By Theodore Butler
http://www.investmentrarities.com/10-29-02.html
And silver is available at marginal cost as long as the COMEX warehouse has the stuff to sell.
***********************************
Just because we can see the COMEX warehouse stocks, doesn`t mean they are available, or for sale at current prices. Not every house (or any other item) we can see is avilable for sale and available at current prices.
While I agree that a serious drawdown in COMEX warehouse stocks would probably be a bullish "all-clear" signal, I don`t think that it must be "the" signal. For one thing, it would be real simple and obvious and easy. Generally, investing is not based upon such obvious and simple and easy signals. Second, the COMEX warehouse stocks are down over 70% from the highs of 8 years ago, and there has been zero correlation, so far, between COMEX warehouse movements and price. Why would it start now? Lastly, silver is unlike other commodities, in that the COMEX warehouse stocks are the largest known depository for silver in the world. They are that way for a reason, and serious investors store their silver at the COMEX. I know a decent number of them personally. The investors that I know, and those that I don`t, keep their silver at the COMEX for a logical number of reasons, and that silver is not available at anywhere near current prices. If prices stay the same, or even go up, but not dramatically, there is no good reason for these investors to sell. And there is also no good reason for them to move that silver physically. So, I don`t see why the COMEX warehouse stocks have to decline, necessarily, before we explode in price. They may, but then again, they may not -- until after the price has exploded.
Ted Butler
***********************************
Just because we can see the COMEX warehouse stocks, doesn`t mean they are available, or for sale at current prices. Not every house (or any other item) we can see is avilable for sale and available at current prices.
While I agree that a serious drawdown in COMEX warehouse stocks would probably be a bullish "all-clear" signal, I don`t think that it must be "the" signal. For one thing, it would be real simple and obvious and easy. Generally, investing is not based upon such obvious and simple and easy signals. Second, the COMEX warehouse stocks are down over 70% from the highs of 8 years ago, and there has been zero correlation, so far, between COMEX warehouse movements and price. Why would it start now? Lastly, silver is unlike other commodities, in that the COMEX warehouse stocks are the largest known depository for silver in the world. They are that way for a reason, and serious investors store their silver at the COMEX. I know a decent number of them personally. The investors that I know, and those that I don`t, keep their silver at the COMEX for a logical number of reasons, and that silver is not available at anywhere near current prices. If prices stay the same, or even go up, but not dramatically, there is no good reason for these investors to sell. And there is also no good reason for them to move that silver physically. So, I don`t see why the COMEX warehouse stocks have to decline, necessarily, before we explode in price. They may, but then again, they may not -- until after the price has exploded.
Ted Butler
What do you think of this rebound in the price of silver? Is this the start of the BIG MOVE?
*******************************
Could be. (Of course, we`re not talking about fundamentals here, as we should all know that silver is the most manipulated market in history.) Under the premise that the big move will come when it is most advantageous to the manipulators, I have hope that this might be it. I base that on the fact that the tech funds still appear to be heavily short. If the dealers let the tech funds out of their shorts gracefully, by aggressively selling into the tech funds` short covering, that would dash my hopes. But, based upon volume and changes in the open interest, the tech funds` short position, while somewhat diminished, is largely intact. Tonight`s COT should show a deterioration in the commercials` net short position to 21-22 thousand contracts, from 16.5 last week. (Another way of looking at it is if the non-commercial gross short is 25 thousand or more.) Much bigger than the commercials` net short at 22K would be bad, around that number or smaller would be great. I don`t think there`s been a radical change since the Tuesday cut-off.
Sell-offs from here don`t matter much, as the funds won`t cover their shorts on lower prices, only higher prices. (Although that would delay the timing of the upmove, but not its potential explosive power.) The worst thing to happen here would be a high volume 10 or 20 cent rally, that lets the tech funds off the hook with minimal damage. While an orderly move to 5 dollars would cheer the bulls, it is the one thing I pray against, as it will mean that the crooked dealers are short big, once again. The real move, when it comes (and it could be now or soon), will be so violent and awesome that you will not need to ask me, nor anyone else, if this is the real move. Most likely, but not necessarily, it will start with a giant opening gap and invoke the current COMEX limit move rules for the first in history. Good luck
Ted Butler
*******************************
Could be. (Of course, we`re not talking about fundamentals here, as we should all know that silver is the most manipulated market in history.) Under the premise that the big move will come when it is most advantageous to the manipulators, I have hope that this might be it. I base that on the fact that the tech funds still appear to be heavily short. If the dealers let the tech funds out of their shorts gracefully, by aggressively selling into the tech funds` short covering, that would dash my hopes. But, based upon volume and changes in the open interest, the tech funds` short position, while somewhat diminished, is largely intact. Tonight`s COT should show a deterioration in the commercials` net short position to 21-22 thousand contracts, from 16.5 last week. (Another way of looking at it is if the non-commercial gross short is 25 thousand or more.) Much bigger than the commercials` net short at 22K would be bad, around that number or smaller would be great. I don`t think there`s been a radical change since the Tuesday cut-off.
Sell-offs from here don`t matter much, as the funds won`t cover their shorts on lower prices, only higher prices. (Although that would delay the timing of the upmove, but not its potential explosive power.) The worst thing to happen here would be a high volume 10 or 20 cent rally, that lets the tech funds off the hook with minimal damage. While an orderly move to 5 dollars would cheer the bulls, it is the one thing I pray against, as it will mean that the crooked dealers are short big, once again. The real move, when it comes (and it could be now or soon), will be so violent and awesome that you will not need to ask me, nor anyone else, if this is the real move. Most likely, but not necessarily, it will start with a giant opening gap and invoke the current COMEX limit move rules for the first in history. Good luck
Ted Butler
CALL OFF YOUR DOGS WALT
Copyright November 2002 Charles Savoie
http://www.silver-investor.com/DOGS.htm
Copyright November 2002 Charles Savoie
http://www.silver-investor.com/DOGS.htm
PR Newswire - November 04, 2002 14:41
VANCOUVER, Nov. 4 /PRNewswire-FirstCall/ - Pan American Silver Corp. (NASDAQ: PAAS; TSE: PAA) will announce third quarter 2002 results before the market opening on November 18th. At the same time, the status of Pan American`s proposed merger with Corner Bay Silver will be broadcast. Following the announcements, Pan American will host a conference call to discuss the news and financial results, give project updates, and answer questions. The conference call will take place on Monday, November 18th at 10:00 am Pacific time (1:00 pm Eastern time). To participate in the call, dial 1-416-695-5806 five minutes before the start time. To listen to a playback of the call after it has ended, dial 1-416- 695-5800 and enter the pass code 1303238. This option will be available for 2 weeks after the call. The conference call will also be broadcast live and archived for later playback on the Internet at http://www.q1234.com.
VANCOUVER, Nov. 4 /PRNewswire-FirstCall/ - Pan American Silver Corp. (NASDAQ: PAAS; TSE: PAA) will announce third quarter 2002 results before the market opening on November 18th. At the same time, the status of Pan American`s proposed merger with Corner Bay Silver will be broadcast. Following the announcements, Pan American will host a conference call to discuss the news and financial results, give project updates, and answer questions. The conference call will take place on Monday, November 18th at 10:00 am Pacific time (1:00 pm Eastern time). To participate in the call, dial 1-416-695-5806 five minutes before the start time. To listen to a playback of the call after it has ended, dial 1-416- 695-5800 and enter the pass code 1303238. This option will be available for 2 weeks after the call. The conference call will also be broadcast live and archived for later playback on the Internet at http://www.q1234.com.
Release: #4720-02
For Release: November 1, 2002
CFTC COMMISSIONER THOMAS J. ERICKSON RESIGNS
Washington D.C.
http://www.cftc.gov/opa/press02/opa4720-02.htm
For Release: November 1, 2002
CFTC COMMISSIONER THOMAS J. ERICKSON RESIGNS
Washington D.C.
http://www.cftc.gov/opa/press02/opa4720-02.htm
COMMENTS FROM JIM SINCLAIR:
This is going to be the toughest call of this entire $300 - $330 sideways movement. The reason why is because, as we enter the $320 - $325 range, there is a knee-jerk reaction in the gold market. The gold market is so used to the arrival of JPM, Lehman, Goldman and Merrill as sellers pounding the market, that gold shares now almost automatically decelerate, as a knee-jerk reaction to gold being at the the $320 -$325 price. At this price, the gold shares` appreciation decelerates and actually stops dead in their tracks.
What the market has failed to realize is that these gold dealers, due to their own liquidity situations, are now no longer the big position takers in gold as they were before. All they have been doing lately is exercising clients` orders. The sellers of gold that have come into gold market at the $320 - $325 area have not been the gold cartel. They have been the local floor traders and speculator computer traders. Again, not the cartel. This is why we have had higher lows as we chop sideways.
I firmly believe the chances of taking out the $330 level to the upside before Christmas is real because the significant enemy of the gold price, the gold cartel, is out of business. They have had their trading capital called back to the parent holding company because of the effects of the credit downgrade on the parent holding companies. When the market wakes up that the enemy is no longer there, no event will be required to take gold above $330. It will simply go there.
Here is how we will determine if gold is going to break out above $330:
Have you wondered how I was able to determine the heads up and buy/sell points in this rally? Well, thanks to RGLD/GG and the use of proprietary measures in the duration period of the chart, the slow stochastic and Williams %R, I have when these leading (action-wise) gold shares entered an oversold condition, began to look for the buy and overbought for the sell. Now as gold approaches $330, if the gold shares (which historically know more about gold than gold does) are not into the overbought condition that have been so accurate, we will assume $330 is going to breach and NOT SELL our 1/3.
This means we are remaining disciplined, but being superbly focused. I will, as we near this situation, be doing daily technical reviews. I consider the market at this time more critically positive than ever before in this 11-month rally. The magnificently symmetric, three-year golden tea cup formation* would break to the upside out of the handle at a close above $330. This type of a formation, over this amount of time, is extremely rare and super bullish. I have in my 43 years never seen a technical formation of this kind for this long a duration with this type of symmetry. It is rare and important. This type of a formation will launch only one thing, a huge Bull market, if resolved to the upside. The probability of failure after gold breaks to the upside above $330 from this type of a formation is less than 10%. Those odds are outrageously good for the long.
We know the bull market in gold started 11 months ago, but history will record the breakout above the handle on the golden tea cup as "The Birth of the Gold Bull Market." This will occur because the amount of appreciation above the handle will be orders of magnitude compared to the 11-month appreciation we have already witnessed. Be assured that I am focused and will be keeping the Gold community as closely focused.
This is going to be the toughest call of this entire $300 - $330 sideways movement. The reason why is because, as we enter the $320 - $325 range, there is a knee-jerk reaction in the gold market. The gold market is so used to the arrival of JPM, Lehman, Goldman and Merrill as sellers pounding the market, that gold shares now almost automatically decelerate, as a knee-jerk reaction to gold being at the the $320 -$325 price. At this price, the gold shares` appreciation decelerates and actually stops dead in their tracks.
What the market has failed to realize is that these gold dealers, due to their own liquidity situations, are now no longer the big position takers in gold as they were before. All they have been doing lately is exercising clients` orders. The sellers of gold that have come into gold market at the $320 - $325 area have not been the gold cartel. They have been the local floor traders and speculator computer traders. Again, not the cartel. This is why we have had higher lows as we chop sideways.
I firmly believe the chances of taking out the $330 level to the upside before Christmas is real because the significant enemy of the gold price, the gold cartel, is out of business. They have had their trading capital called back to the parent holding company because of the effects of the credit downgrade on the parent holding companies. When the market wakes up that the enemy is no longer there, no event will be required to take gold above $330. It will simply go there.
Here is how we will determine if gold is going to break out above $330:
Have you wondered how I was able to determine the heads up and buy/sell points in this rally? Well, thanks to RGLD/GG and the use of proprietary measures in the duration period of the chart, the slow stochastic and Williams %R, I have when these leading (action-wise) gold shares entered an oversold condition, began to look for the buy and overbought for the sell. Now as gold approaches $330, if the gold shares (which historically know more about gold than gold does) are not into the overbought condition that have been so accurate, we will assume $330 is going to breach and NOT SELL our 1/3.
This means we are remaining disciplined, but being superbly focused. I will, as we near this situation, be doing daily technical reviews. I consider the market at this time more critically positive than ever before in this 11-month rally. The magnificently symmetric, three-year golden tea cup formation* would break to the upside out of the handle at a close above $330. This type of a formation, over this amount of time, is extremely rare and super bullish. I have in my 43 years never seen a technical formation of this kind for this long a duration with this type of symmetry. It is rare and important. This type of a formation will launch only one thing, a huge Bull market, if resolved to the upside. The probability of failure after gold breaks to the upside above $330 from this type of a formation is less than 10%. Those odds are outrageously good for the long.
We know the bull market in gold started 11 months ago, but history will record the breakout above the handle on the golden tea cup as "The Birth of the Gold Bull Market." This will occur because the amount of appreciation above the handle will be orders of magnitude compared to the 11-month appreciation we have already witnessed. Be assured that I am focused and will be keeping the Gold community as closely focused.
Where has all the silver gone?
Let your eyes tell you a story...^o-o^..
http://www.sharelynx.net/Papers/SilverStocks.htm
Let your eyes tell you a story...^o-o^..
http://www.sharelynx.net/Papers/SilverStocks.htm
Silver set-up for the year`s end
By: Clif Droke, The Bear Market Report
http://www.goldseek.com/cgi-bin/market/news/BearMarketReport…
By: Clif Droke, The Bear Market Report
http://www.goldseek.com/cgi-bin/market/news/BearMarketReport…
NEW YORK (CBS.MW) -- Richard Russell has finally, indisputably, said it: the gold market is being manipulated
The septuagenarian technician, who has been publishing Dow Theory Letters for more than 40 years, has had a great year. See my July 15 column.
He`s even caught the recent stock market rebound. See my Oct. 14.
But he thinks it`s a bear market rally -- and was beginning to worry about it this weekend. (Of course, he worries a lot).
Long-time Russellologists have been sensing for some time that their oracle was getting interested in the widely rumored gold manipulation hypothesis most forcefully advanced by Bill Murphy`s Le Metropole Café.
Thursday, after gold started strong and was driven back below $320 an ounce, Russell took off the gloves:
"It`s obvious that someone, some group, somebody, does NOT want gold above 320. Who the hell are they? Is it the Fed that wants to cover up its frantic attempts to reinflate? Is it the gold-mining companies that are still hedged and therefore don`t want gold to rise until they can get rid of the hedges? Is it the Commercials who are net short? Just who are they?"
But Russell takes the long view -- maybe that`s the advantage of age: "Look, I believe gold and gold shares are in the early accumulation phase of a bull market... tell subscribers, `Use this area to accumulate whatever gold and whatever gold shares you want to hold. Take this obvious gold manipulation as a chance to buy gold at what I consider dirt cheap levels.`"
Russell`s long-standing view: all such attempts to control market forces fail. Eventually.
Commenting on Friday`s action, Russell wrote: "Gold now on a `buy` signal, being well above its 50-day M[oving] A[verage]. Nevertheless, the resistance to gold moving higher is incredible. You can almost feel it."
Actually, it didn`t take much "feeling." The end of the week saw a huge COMEX volume spike, with kamikaze sellers crashing onto buyers, so that, after a lot of smoke and flame, the actual price barely moved.
One persistent rumor is that major banks, notably JP Morgan Chase, are in trouble with their gold derivatives positions, and that their death throes are bloodying the waters.
If the great 1990s bubble saw market manipulation, above all with official collusion, the resulting scandal will dwarf Enron.
Meanwhile, Mark Hulbert reports a remarkable jump in the bullishness of the gold timers that he follows -- 57.69 percent invested. Many gold-timers have mechanical, trend-following systems. But this is in sharp contrast to their reluctance to get on board when gold rallied earlier this year.
In response to my prodding him Sunday night, Hulbert wrote:
"I can`t be certain about my categorization of the gold timers into the trend followers vs. fundamentalist camps. Some don`t divulge their methods, for example. And there are some technical approaches that I`m not sure about -- e.g. is [Bon Prechter`s super-bearish-on-gold] Elliott Wave a trend-following approach?"
"Qualifications aside, we follow 13 gold timers for the daily updates to our gold sentiment index. I classify seven of them as trend followers, of which four are outright bullish, a fifth is 50 percent invested, with the final two bearish. Of the 6 fundamentalists, five are bullish and one is bearish."
Hulbert is an instinctive contrarian. But this consensus is impressive.
The septuagenarian technician, who has been publishing Dow Theory Letters for more than 40 years, has had a great year. See my July 15 column.
He`s even caught the recent stock market rebound. See my Oct. 14.
But he thinks it`s a bear market rally -- and was beginning to worry about it this weekend. (Of course, he worries a lot).
Long-time Russellologists have been sensing for some time that their oracle was getting interested in the widely rumored gold manipulation hypothesis most forcefully advanced by Bill Murphy`s Le Metropole Café.
Thursday, after gold started strong and was driven back below $320 an ounce, Russell took off the gloves:
"It`s obvious that someone, some group, somebody, does NOT want gold above 320. Who the hell are they? Is it the Fed that wants to cover up its frantic attempts to reinflate? Is it the gold-mining companies that are still hedged and therefore don`t want gold to rise until they can get rid of the hedges? Is it the Commercials who are net short? Just who are they?"
But Russell takes the long view -- maybe that`s the advantage of age: "Look, I believe gold and gold shares are in the early accumulation phase of a bull market... tell subscribers, `Use this area to accumulate whatever gold and whatever gold shares you want to hold. Take this obvious gold manipulation as a chance to buy gold at what I consider dirt cheap levels.`"
Russell`s long-standing view: all such attempts to control market forces fail. Eventually.
Commenting on Friday`s action, Russell wrote: "Gold now on a `buy` signal, being well above its 50-day M[oving] A[verage]. Nevertheless, the resistance to gold moving higher is incredible. You can almost feel it."
Actually, it didn`t take much "feeling." The end of the week saw a huge COMEX volume spike, with kamikaze sellers crashing onto buyers, so that, after a lot of smoke and flame, the actual price barely moved.
One persistent rumor is that major banks, notably JP Morgan Chase, are in trouble with their gold derivatives positions, and that their death throes are bloodying the waters.
If the great 1990s bubble saw market manipulation, above all with official collusion, the resulting scandal will dwarf Enron.
Meanwhile, Mark Hulbert reports a remarkable jump in the bullishness of the gold timers that he follows -- 57.69 percent invested. Many gold-timers have mechanical, trend-following systems. But this is in sharp contrast to their reluctance to get on board when gold rallied earlier this year.
In response to my prodding him Sunday night, Hulbert wrote:
"I can`t be certain about my categorization of the gold timers into the trend followers vs. fundamentalist camps. Some don`t divulge their methods, for example. And there are some technical approaches that I`m not sure about -- e.g. is [Bon Prechter`s super-bearish-on-gold] Elliott Wave a trend-following approach?"
"Qualifications aside, we follow 13 gold timers for the daily updates to our gold sentiment index. I classify seven of them as trend followers, of which four are outright bullish, a fifth is 50 percent invested, with the final two bearish. Of the 6 fundamentalists, five are bullish and one is bearish."
Hulbert is an instinctive contrarian. But this consensus is impressive.
Silver to out perform US equities
Dr. Clive Roffey
http://www.gold-eagle.com/editorials_02/roffey111302.html
Dr. Clive Roffey
http://www.gold-eagle.com/editorials_02/roffey111302.html
Date : November 13, 2002
The Proposed Islamic Dinar Could Be A Test Run For A Gold Backed Chinese Currency.
http://www.minesite.com/archives/features_archive/2002/Nov-2…
The Proposed Islamic Dinar Could Be A Test Run For A Gold Backed Chinese Currency.
http://www.minesite.com/archives/features_archive/2002/Nov-2…
Strong physical buying is reported at current silver prices, mine supply of silver is likely to decrease in 2002 for the first time in six years, and it is believed that Chinese sales of silver inventories have been curtailed for the time being. While some reports argue that silver prices are being manipulated downward by bullion traders, we believe silver prices can be well explained by demand and supply fundamentals, which provide a solid base to current prices and good support for a higher price trend in the near future.
WEEKLY COMMENTARY
November 19, 2002
The Silver Producers Are Still The Problem
By Theodore Butler
http://www.investmentrarities.com/11-19-02.html
November 19, 2002
The Silver Producers Are Still The Problem
By Theodore Butler
http://www.investmentrarities.com/11-19-02.html
Chipmaker Infineon drops on report of year loss (IFX, DE:623100) by Emily Church
Shares of German memory chipmaker Infineon (IFX) (DE:623100) dropped 3.7 percent in in Frankfurt to 9.97 euros Friday amid a report the company`s expecting operating losses of over 200 million euros for 2002 fiscal year. Analysts are forecasting operating profits for the company. The report in FT Deutscheland, which cited an internal paper drawn up by Infineon`s Supervisory board, said the company is expecting a 35 percent rise in sales to to about 7 billion euros vs. the consensus expectation for sales of 6.2 billion. The paper reportedly further warned of rising DRAM (dynamic random access memory) chips costs.
http://bigcharts.marketwatch.com/
Shares of German memory chipmaker Infineon (IFX) (DE:623100) dropped 3.7 percent in in Frankfurt to 9.97 euros Friday amid a report the company`s expecting operating losses of over 200 million euros for 2002 fiscal year. Analysts are forecasting operating profits for the company. The report in FT Deutscheland, which cited an internal paper drawn up by Infineon`s Supervisory board, said the company is expecting a 35 percent rise in sales to to about 7 billion euros vs. the consensus expectation for sales of 6.2 billion. The paper reportedly further warned of rising DRAM (dynamic random access memory) chips costs.
http://bigcharts.marketwatch.com/
BMO Nesbitt Burns Changes EPS Estimate of Pan American Silver Corp.
Nov 21, 2002 (Nelson`s Broker Summaries via COMTEX) --
Company: Pan American Silver Corp. (toronto:PAA) Report Headline: "PAN AMERICAN SILVER CORP. - Q3 LOSS AND WRITEDOWN AT QUIRUVILC" Report Date: November 19, 2002 Current FY EPS Estimate [FY2002]: -0.14 Previous EPS Estimate for Current FY [FY2002]: -0.11 Current Quarter EPS Estimate [Q4]: -0.03 Previous EPS Estimate for Current Quarter [Q4]: -0.02 Next FY EPS Estimate [FY2003]: 0.19 Previous EPS Estimate for Next FY [FY2003]: 0.11 Current Recommendation: Market Perform
Nov 21, 2002 (Nelson`s Broker Summaries via COMTEX) --
Company: Pan American Silver Corp. (toronto:PAA) Report Headline: "PAN AMERICAN SILVER CORP. - Q3 LOSS AND WRITEDOWN AT QUIRUVILC" Report Date: November 19, 2002 Current FY EPS Estimate [FY2002]: -0.14 Previous EPS Estimate for Current FY [FY2002]: -0.11 Current Quarter EPS Estimate [Q4]: -0.03 Previous EPS Estimate for Current Quarter [Q4]: -0.02 Next FY EPS Estimate [FY2003]: 0.19 Previous EPS Estimate for Next FY [FY2003]: 0.11 Current Recommendation: Market Perform
Reflecting on Silver
the "ah" in ag
by David Morgan
November 22, 2002
http://www.financialsense.com/editorials/morgan112202.htm
the "ah" in ag
by David Morgan
November 22, 2002
http://www.financialsense.com/editorials/morgan112202.htm
Last updated at: (Beijing Time) Thursday, November 28, 2002
Personal Gold Investment in China Soon to Be Relaxed
A gold market for personal investment will soon come to show up. At the "Beijing Gold and Jewelry Exhibition 2002" convened today (November 27), small gold bars, commonly known as "little yellow croakers" and suitable for personal investment, will make a debut after 50 years of disappearance from the market.
http://english.peopledaily.com.cn/200211/28/eng20021128_1076…
Personal Gold Investment in China Soon to Be Relaxed
A gold market for personal investment will soon come to show up. At the "Beijing Gold and Jewelry Exhibition 2002" convened today (November 27), small gold bars, commonly known as "little yellow croakers" and suitable for personal investment, will make a debut after 50 years of disappearance from the market.
http://english.peopledaily.com.cn/200211/28/eng20021128_1076…
Silver
But this issue I want to look at SILVER and its stocks.
http://www.321gold.com/editorials/roffey/roffey120602.html
But this issue I want to look at SILVER and its stocks.
http://www.321gold.com/editorials/roffey/roffey120602.html
habe corner bay aktien. bekanntlich wird oder wurde corner von pan am silver übernommen. weiss jemand wie und zu welchen kurs
e w s
DECEMBER 5
Russia is going to double silver production volume market
On Wednesday "Polimetall" Company announced the beginning of the largest Russian silver deposit Dukat exploitation. It will lead to the increase of this metal production in Russia and will allow the country to rise from the tenth to the fifth rate in the list of silver mining countries.
Silver deposit Dukat is situated in 650 km from Magadan. Its balance resources are estimated at 14 810 tons of silver and 30 tons of gold.
http://www.jewellernet.com/info/news/archiv/1202/051202_2.ht…
DECEMBER 5
Russia is going to double silver production volume market
On Wednesday "Polimetall" Company announced the beginning of the largest Russian silver deposit Dukat exploitation. It will lead to the increase of this metal production in Russia and will allow the country to rise from the tenth to the fifth rate in the list of silver mining countries.
Silver deposit Dukat is situated in 650 km from Magadan. Its balance resources are estimated at 14 810 tons of silver and 30 tons of gold.
http://www.jewellernet.com/info/news/archiv/1202/051202_2.ht…
Der Dollar fällt!
The Hidden Behavior Behind the Price of Gold
http://www.gold-eagle.com/editorials_02/lindley120902.html
http://www.gold-eagle.com/editorials_02/lindley120902.html
INDICATIONS
Rising gold, oil doesn`t bode well
Gold at 3-year high, specs buy gold stocks
By Emily Church, CBS.MarketWatch.com
Last Update: 8:14 AM ET Dec. 13, 2002
LONDON (CBS.MW) - U.S. stocks were set for a slow start on Friday. Rising oil and gold prices in Europe were scaring investors off stocks in the early going; U.S. stock futures were tracking European indices lower.
http://www.marketwatch.com/news/yhoo/story.asp?guid=%7BA6E6A…
Rising gold, oil doesn`t bode well
Gold at 3-year high, specs buy gold stocks
By Emily Church, CBS.MarketWatch.com
Last Update: 8:14 AM ET Dec. 13, 2002
LONDON (CBS.MW) - U.S. stocks were set for a slow start on Friday. Rising oil and gold prices in Europe were scaring investors off stocks in the early going; U.S. stock futures were tracking European indices lower.
http://www.marketwatch.com/news/yhoo/story.asp?guid=%7BA6E6A…
2002-12-19 11:25 PT - News Release
Mr. Jonathan George reports:
C Squared Developments has provided information regarding the Qin Ling
gold project, located in Henan province, China.
The project is the subject of an agreement between Terrawest Management Inc. and Qin Ling gold mine. C Squared has
entered into an agreement to purchase 100 per cent of Terrawest, as reported in Stockwatch on Oct. 15, 2002.
Two veins, No. 60 and No. 9, are the most significant past producers in the project area, with reported production of over
one million ounces of gold. Management of Qin Ling gold mine believes this represents only half of the actual production
from the property, with the remaining being accounted for by:
(a) direct shipment of high-grade ore to the smelter; and
(b) unreported production from illegal mining operations.
The No. 60 vein has been mined continuously over a strike length of three kilometres through a vertical range from 2,200 to
1,660 metres above sea level. Recently, an internal shaft and modern hoist system was completed to access ore below
1,660 metres. A 464-metre crosscut driven from the shaft at the 1,340-metre level intersected the No. 60 vein last week,
and Qin Ling gold mine`s management is presently evaluating this new area of the vein.
Based on past drilling and mining, the indicated and inferred ore reserves on vein No. 60 below 1,660 metres are estimated
to be 3,978,400 tonnes grading 8.9 grams per tonne gold for a total of 35,448,000 grams gold (1,139,556 ounces of gold).
No estimation of associated silver grades has been obtained. These estimates were derived from an internal document
provided to the company by the management of Qin Ling gold mine, and have been corroborated by an
independent geological consultant retained by the company.
Information on vein No. 9 is presently being compiled, and will be released when available.
The company has closed its private placement of one million units at a price of 20 cents per unit as reported in Stockwatch
on Oct. 31, 2002. The hold period of the common shares and share purchase warrants issued under the private placement
will expire on April 18, 2003.
Mr. Jonathan George reports:
C Squared Developments has provided information regarding the Qin Ling
gold project, located in Henan province, China.
The project is the subject of an agreement between Terrawest Management Inc. and Qin Ling gold mine. C Squared has
entered into an agreement to purchase 100 per cent of Terrawest, as reported in Stockwatch on Oct. 15, 2002.
Two veins, No. 60 and No. 9, are the most significant past producers in the project area, with reported production of over
one million ounces of gold. Management of Qin Ling gold mine believes this represents only half of the actual production
from the property, with the remaining being accounted for by:
(a) direct shipment of high-grade ore to the smelter; and
(b) unreported production from illegal mining operations.
The No. 60 vein has been mined continuously over a strike length of three kilometres through a vertical range from 2,200 to
1,660 metres above sea level. Recently, an internal shaft and modern hoist system was completed to access ore below
1,660 metres. A 464-metre crosscut driven from the shaft at the 1,340-metre level intersected the No. 60 vein last week,
and Qin Ling gold mine`s management is presently evaluating this new area of the vein.
Based on past drilling and mining, the indicated and inferred ore reserves on vein No. 60 below 1,660 metres are estimated
to be 3,978,400 tonnes grading 8.9 grams per tonne gold for a total of 35,448,000 grams gold (1,139,556 ounces of gold).
No estimation of associated silver grades has been obtained. These estimates were derived from an internal document
provided to the company by the management of Qin Ling gold mine, and have been corroborated by an
independent geological consultant retained by the company.
Information on vein No. 9 is presently being compiled, and will be released when available.
The company has closed its private placement of one million units at a price of 20 cents per unit as reported in Stockwatch
on Oct. 31, 2002. The hold period of the common shares and share purchase warrants issued under the private placement
will expire on April 18, 2003.
ich hab´s eilig, daher nur schnell ein link:
http://sg.biz.yahoo.com/021220/15/35www.html
Gruß Konradi
http://sg.biz.yahoo.com/021220/15/35www.html
Gruß Konradi
Silver Institute Press Releases:
President Signs Legislation to Purchase Silver On The Open Market (August 06, 2002)
- Silver Will Be Used For The U.S. Mint`s Coinage Programs
August 06, 2002
(Washington, D.C. - August 6, 2002) President Bush recently signed into law legislation that authorizes the U.S. Treasury to buy silver on the open market when the nation`s silver stockpile is depleted. Public Law 107-201 will ensure that the largest and most popular silver investment coin program in the world, the American Eagle Silver Bullion program, continues unfettered by disruptions in the U.S. Mint`s silver supply.
"This is a win-win situation for the silver industry," said Paul Bateman, Executive Director of The Silver Institute, a Washington, D.C. -based industry association. "We are quite pleased that the U.S. government will shortly have to go to the open market to obtain its supply of silver for the American Eagle Silver coinage program," Bateman added.
From the program`s inception in 1986 through 2001, the American Eagle Silver bullion coinage program surpassed 100 million ounces in sales. American Eagle Silver coin sales last year posted their fourth-best sales year in the seventeen-year history of the program.
Equally impressive, based on the yearly average London Fix (US$4.35 per ounce), sales from the American Eagle Silver coinage program grossed US$38,399,625 in 2001. Overall, sales from the American Eagle Silver coin have generated US$517,332,230, based on the average annual London Fix silver price for the seventeen years of the program. "The program continues to provide investors with a convenient way to invest in silver," said Bateman.
Senator`s Mike Crapo of Idaho and Harry Reid of Nevada, along with Congressman Butch Otter of Idaho, were instrumental in the bill`s passage. Additional Senate cosponsors include Senator John Ensign of Nevada, Senator Larry Craig of Idaho, Senator Robert Bennett of Utah and Senator Wayne Allard of Colorado. Additional House cosponsors include Rep. Mike Simpson of Idaho, and Rep. Jim Gibbons and Rep. Shelly Berkley, both from Nevada.
American Eagle Silver Bullion Coinage Program Tops 100 Million Ounces - Half-Billion Dollars Invested in Eagles
The silver for the Eagle has come from the U.S. Defense National Stockpile Center (DNSC), an arm of the Defense Logistics Agency. In early 2001, the DNSC delivered its remaining stockpile of silver to the U.S. Mint for its coinage programs, effectively depleting the silver stockpile. The Mint will be purchasing silver for this program from the open market in the near future. The U.S. Mint is a significant user of silver, representing approximately 1 percent of global silver demand annually.
http://www.silverinstitute.org/newsdesk.html
President Signs Legislation to Purchase Silver On The Open Market (August 06, 2002)
- Silver Will Be Used For The U.S. Mint`s Coinage Programs
August 06, 2002
(Washington, D.C. - August 6, 2002) President Bush recently signed into law legislation that authorizes the U.S. Treasury to buy silver on the open market when the nation`s silver stockpile is depleted. Public Law 107-201 will ensure that the largest and most popular silver investment coin program in the world, the American Eagle Silver Bullion program, continues unfettered by disruptions in the U.S. Mint`s silver supply.
"This is a win-win situation for the silver industry," said Paul Bateman, Executive Director of The Silver Institute, a Washington, D.C. -based industry association. "We are quite pleased that the U.S. government will shortly have to go to the open market to obtain its supply of silver for the American Eagle Silver coinage program," Bateman added.
From the program`s inception in 1986 through 2001, the American Eagle Silver bullion coinage program surpassed 100 million ounces in sales. American Eagle Silver coin sales last year posted their fourth-best sales year in the seventeen-year history of the program.
Equally impressive, based on the yearly average London Fix (US$4.35 per ounce), sales from the American Eagle Silver coinage program grossed US$38,399,625 in 2001. Overall, sales from the American Eagle Silver coin have generated US$517,332,230, based on the average annual London Fix silver price for the seventeen years of the program. "The program continues to provide investors with a convenient way to invest in silver," said Bateman.
Senator`s Mike Crapo of Idaho and Harry Reid of Nevada, along with Congressman Butch Otter of Idaho, were instrumental in the bill`s passage. Additional Senate cosponsors include Senator John Ensign of Nevada, Senator Larry Craig of Idaho, Senator Robert Bennett of Utah and Senator Wayne Allard of Colorado. Additional House cosponsors include Rep. Mike Simpson of Idaho, and Rep. Jim Gibbons and Rep. Shelly Berkley, both from Nevada.
American Eagle Silver Bullion Coinage Program Tops 100 Million Ounces - Half-Billion Dollars Invested in Eagles
The silver for the Eagle has come from the U.S. Defense National Stockpile Center (DNSC), an arm of the Defense Logistics Agency. In early 2001, the DNSC delivered its remaining stockpile of silver to the U.S. Mint for its coinage programs, effectively depleting the silver stockpile. The Mint will be purchasing silver for this program from the open market in the near future. The U.S. Mint is a significant user of silver, representing approximately 1 percent of global silver demand annually.
http://www.silverinstitute.org/newsdesk.html
High-tide in silver
Dear friends,
On 10th December I predicted gold touching new and `GIVE WAY BULL IS ENTERING IN GOLD`. After 36 hrs happened. Also I have been predicting very strongly that GOLD will touch $350 by December 2002 and many were optimistic on $350 mark but again proven me right.
I am happy that gold has touch $350 because this was very important number according to my astrological calculations. Now few days in December left but they are not looking negative at all for important metals - gold, silver and platinum.
Monday is very important day for Silver, Moon rules Silver and also has very close relationship with water. Moon brings high-tide and low-tide in the sea BUT this time I only see big high-tide, be careful don`t go near sea, don`t try to go against flow of high-tide. GIVE WAY, HIGH-TIDE IN COMING IN SILVER AND POWER OF MOON WILL PULL SILVER VERY HIGH IN COMING DAYS.
Keep very close eye on Platinum. Platinum will attract toward Venus in coming days and might fall in love with new Venus for some time until another new young Venus appear. Price will cross $600 very soon.
For Gold I am predicting next target $412 very soon. date I will announce.
As I predicted for Oil to touch $28 and world financial market will remain weak, also came true.
I love to make predict on unpredictable world financial market.
In my new book `2003 WORLD PROPHESIES` page 42 paragraph first says "As I write this book (October 2002), the prices of gold are trading at around $350. Still I am very hopeful that in the next months, these prices will rise 12% ($350).
I feel 50 pages on world financial market in my book are worth more then millions $. One request I would like to put all buyer or those who have already bought my new book, please don`t pass-on inside information to your friends and colleagues. Let them buy their own copy because part of money from my book sell will go to AIDS/HIV infected children. This will be small contributions from me to needy.
Thanks & God Bless
Mahendra Sharma
http://www.mahendraprophecy.com/
Dear friends,
On 10th December I predicted gold touching new and `GIVE WAY BULL IS ENTERING IN GOLD`. After 36 hrs happened. Also I have been predicting very strongly that GOLD will touch $350 by December 2002 and many were optimistic on $350 mark but again proven me right.
I am happy that gold has touch $350 because this was very important number according to my astrological calculations. Now few days in December left but they are not looking negative at all for important metals - gold, silver and platinum.
Monday is very important day for Silver, Moon rules Silver and also has very close relationship with water. Moon brings high-tide and low-tide in the sea BUT this time I only see big high-tide, be careful don`t go near sea, don`t try to go against flow of high-tide. GIVE WAY, HIGH-TIDE IN COMING IN SILVER AND POWER OF MOON WILL PULL SILVER VERY HIGH IN COMING DAYS.
Keep very close eye on Platinum. Platinum will attract toward Venus in coming days and might fall in love with new Venus for some time until another new young Venus appear. Price will cross $600 very soon.
For Gold I am predicting next target $412 very soon. date I will announce.
As I predicted for Oil to touch $28 and world financial market will remain weak, also came true.
I love to make predict on unpredictable world financial market.
In my new book `2003 WORLD PROPHESIES` page 42 paragraph first says "As I write this book (October 2002), the prices of gold are trading at around $350. Still I am very hopeful that in the next months, these prices will rise 12% ($350).
I feel 50 pages on world financial market in my book are worth more then millions $. One request I would like to put all buyer or those who have already bought my new book, please don`t pass-on inside information to your friends and colleagues. Let them buy their own copy because part of money from my book sell will go to AIDS/HIV infected children. This will be small contributions from me to needy.
Thanks & God Bless
Mahendra Sharma
http://www.mahendraprophecy.com/
High-tide in silver
Dear friends,
On 10th December I predicted gold touching new and `GIVE WAY BULL IS ENTERING IN GOLD`. After 36 hrs happened. Also I have been predicting very strongly that GOLD will touch $350 by December 2002 and many were optimistic on $350 mark but again proven me right.
I am happy that gold has touch $350 because this was very important number according to my astrological calculations. Now few days in December left but they are not looking negative at all for important metals - gold, silver and platinum.
Monday is very important day for Silver, Moon rules Silver and also has very close relationship with water. Moon brings high-tide and low-tide in the sea BUT this time I only see big high-tide, be careful don`t go near sea, don`t try to go against flow of high-tide. GIVE WAY, HIGH-TIDE IN COMING IN SILVER AND POWER OF MOON WILL PULL SILVER VERY HIGH IN COMING DAYS.
Keep very close eye on Platinum. Platinum will attract toward Venus in coming days and might fall in love with new Venus for some time until another new young Venus appear. Price will cross $600 very soon.
For Gold I am predicting next target $412 very soon. date I will announce.
As I predicted for Oil to touch $28 and world financial market will remain weak, also came true.
I love to make predict on unpredictable world financial market.
In my new book `2003 WORLD PROPHESIES` page 42 paragraph first says "As I write this book (October 2002), the prices of gold are trading at around $350. Still I am very hopeful that in the next months, these prices will rise 12% ($350).
I feel 50 pages on world financial market in my book are worth more then millions $. One request I would like to put all buyer or those who have already bought my new book, please don`t pass-on inside information to your friends and colleagues. Let them buy their own copy because part of money from my book sell will go to AIDS/HIV infected children. This will be small contributions from me to needy.
Thanks & God Bless
Mahendra Sharma
http://www.mahendraprophecy.com/
Dear friends,
On 10th December I predicted gold touching new and `GIVE WAY BULL IS ENTERING IN GOLD`. After 36 hrs happened. Also I have been predicting very strongly that GOLD will touch $350 by December 2002 and many were optimistic on $350 mark but again proven me right.
I am happy that gold has touch $350 because this was very important number according to my astrological calculations. Now few days in December left but they are not looking negative at all for important metals - gold, silver and platinum.
Monday is very important day for Silver, Moon rules Silver and also has very close relationship with water. Moon brings high-tide and low-tide in the sea BUT this time I only see big high-tide, be careful don`t go near sea, don`t try to go against flow of high-tide. GIVE WAY, HIGH-TIDE IN COMING IN SILVER AND POWER OF MOON WILL PULL SILVER VERY HIGH IN COMING DAYS.
Keep very close eye on Platinum. Platinum will attract toward Venus in coming days and might fall in love with new Venus for some time until another new young Venus appear. Price will cross $600 very soon.
For Gold I am predicting next target $412 very soon. date I will announce.
As I predicted for Oil to touch $28 and world financial market will remain weak, also came true.
I love to make predict on unpredictable world financial market.
In my new book `2003 WORLD PROPHESIES` page 42 paragraph first says "As I write this book (October 2002), the prices of gold are trading at around $350. Still I am very hopeful that in the next months, these prices will rise 12% ($350).
I feel 50 pages on world financial market in my book are worth more then millions $. One request I would like to put all buyer or those who have already bought my new book, please don`t pass-on inside information to your friends and colleagues. Let them buy their own copy because part of money from my book sell will go to AIDS/HIV infected children. This will be small contributions from me to needy.
Thanks & God Bless
Mahendra Sharma
http://www.mahendraprophecy.com/
Ein sehr bullisher Chart. Ich sehe eine sehr bullishe cua and handle Formation bei PAAS. Der Beginn einer neuen Rallye. Der Chart vom Silberpreis bestätigt diese Aussage. Der Silberpreis ist kurz davor seine 3. Fanline zu überspringen. Sobald der Silberpreis über $4,72 springt, geht die Rallye bei dem Silber und den Silberaktien los. Seht euch auch CDE, SIL und SSRI an!
Eine sehr bullishe Cup and handle Formation!
There’s one additional note on the COMEX. While prices were basically flat this year, we ended the year with a mini-delivery drama in the December COMEX silver futures contract. I confess to over-analysis of the details, but in studying delivery patterns on the COMEX for more than 15 years, I saw something in the just concluded December contract that I have never witnessed before. There were an unusually large number of open contracts until almost the end of trading on December 27. The longs had held their contracts since before first delivery day on November 27, and were waiting for the shorts to make delivery (the shorts can deliver anytime they want, but must deliver by the last trading day). What I saw, or more correctly, what I think I saw, based upon the delivery and trading patterns of the month, and changes in warehouse stocks in the COMEX warehouses, was an inability to deliver 500 to 600 contracts (2.5 to 3 million ounces of real silver). This resulted in a negotiated transfer of this delivery requirement to the March contract. I`m sensitive to this issue because I have been personally involved in a similar delivery situation (not silver). If my speculation is correct, the CFTC and COMEX management were involved in the negotiation, which meant convincing the long holders to not disrupt the market, and defer their delivery of physical silver until March. Again, if I`m correct, three things come to mind. One, the CFTC is speaking with a forked tongue when it says anyone can take delivery of COMEX silver whenever they like. Two, this may be the first warning shot to paper longs looking to take delivery and convert to physical. Three, tightness in the physical market will start a price rise. Silver is acting like it’s in short supply, with a lot of people trying to hide that fact. Once silver starts it’s run, get out of the way. Nothing will stop it.
www.investmentrarities.com
www.investmentrarities.com
Silver Supernova
By Charles Savoie (copyright 2002)
The Impending Silver Crisis
http://www.silver-investor.com/nova.htm
By Charles Savoie (copyright 2002)
The Impending Silver Crisis
http://www.silver-investor.com/nova.htm
According to the CBS PM report, January 15, COMEX silver inventories declined 574,869 ounces, leaving about 106 million ounces.
Reuters
UPDATE - Iraq crisis key to gold price in early 2003
Thursday January 16, 6:00 pm ET
By Lesley Wroughton
(Recasts throughout)
TORONTO, Jan 16 (Reuters) -
http://biz.yahoo.com/rm/030116/minerals_gold_survey_4.html
’’ Klapwijk said gold investment more than doubled last year, owing mainly to political uncertainties and economic developments such as falling stock markets, corporate fraud, lower interest rates and a weaker U.S. dollar.
The largest investment holdings in gold came from trend-following funds that were mostly operating via futures exchanges, and from a small group of high net worth private investors, he said.
The consultancy expects gold producers to keep trimming their hedge books this year to take advantage of the higher spot market price, but Klapwijk said the cuts will not be as big as in Over the past year big producers have slowly transformed themselves into net buyers of gold by removing supply from the market and securing physical supply by buying back their hedged positions.
"De-hedging could prove important this year for price support if investors prove as fickle as some fear and fabrication remains poor," Klapwijk said.
We`ll probably have to wait until at least 2004 before falls in mine supply get more interesting," Klapwijk said.
UPDATE - Iraq crisis key to gold price in early 2003
Thursday January 16, 6:00 pm ET
By Lesley Wroughton
(Recasts throughout)
TORONTO, Jan 16 (Reuters) -
http://biz.yahoo.com/rm/030116/minerals_gold_survey_4.html
’’ Klapwijk said gold investment more than doubled last year, owing mainly to political uncertainties and economic developments such as falling stock markets, corporate fraud, lower interest rates and a weaker U.S. dollar.
The largest investment holdings in gold came from trend-following funds that were mostly operating via futures exchanges, and from a small group of high net worth private investors, he said.
The consultancy expects gold producers to keep trimming their hedge books this year to take advantage of the higher spot market price, but Klapwijk said the cuts will not be as big as in Over the past year big producers have slowly transformed themselves into net buyers of gold by removing supply from the market and securing physical supply by buying back their hedged positions.
"De-hedging could prove important this year for price support if investors prove as fickle as some fear and fabrication remains poor," Klapwijk said.
We`ll probably have to wait until at least 2004 before falls in mine supply get more interesting," Klapwijk said.
SILVER DELIVERY PROBLEMS. COMEX OWNS 2% of Above ground gold inventories and 95% of above ground silver inventories. Comex has set themselves up as WORLD supplier of silver. GET READY FOR $500/oz silver soon. COMEX has built a strawman with low silver prices. They (COMEX) is ready to burn the strawman. They own 95% of above ground silver and silver is needed by industry. Who you going to in missed silver shipments. COMEX and the few who hold physical silver. Silver stocks will do well also.
http://messages.yahoo.com/bbs?.mm=FN&action=m&board=18184314…
GOLD = A 15,000 TONNE SHORT BUBBLE
http://messages.yahoo.com/bbs?.mm=FN&action=m&board=7079186&… mid=11224
CLICK HERE FOR MORE SLICK FED LIES
http://messages.yahoo.com/bbs?.mm=FN&action=m&board=18184314…
http://messages.yahoo.com/bbs?.mm=FN&action=m&board=18184314…
GOLD = A 15,000 TONNE SHORT BUBBLE
http://messages.yahoo.com/bbs?.mm=FN&action=m&board=7079186&… mid=11224
CLICK HERE FOR MORE SLICK FED LIES
http://messages.yahoo.com/bbs?.mm=FN&action=m&board=18184314…
CNN:
"Russia`s decision Thursday to increase its non-dollar reserves continues to weigh on the greenback, with traders wondering whether other countries will follow suit. Indeed, yesterday at the World Economic Forum in Davos the general manager at the Bank of China said that the prospect of better currency returns elsewhere could mean Asia-based reserve flows into the dollar could be lower this year. "
"Russia`s decision Thursday to increase its non-dollar reserves continues to weigh on the greenback, with traders wondering whether other countries will follow suit. Indeed, yesterday at the World Economic Forum in Davos the general manager at the Bank of China said that the prospect of better currency returns elsewhere could mean Asia-based reserve flows into the dollar could be lower this year. "
Michael Gorham
Director
Division of Market Oversight
Commodity Futures Trading Commission
Washington, DC Via e-mail
Dear Mr. Gorham:
Thank you for your letter of December 9, in response to my letter to Chairman Newsome of August 13. I appreciate the time and effort you have taken to look into this issue and respond in detail, as befits its serious nature. It is not my intention to engage the Commission in a never-ending debate on this issue, as I am a private citizen and you are the regulator of last resort. Since only the Commission can intercede against the silver manipulators, I feel a responsibility to ask you to reconsider your conclusion that all is well in COMEX silver.
I had written to Chairman Newsome with two specific allegations, namely, there were no legitimate speculative position limits in COMEX silver, contrary to commodity law, and that the large commercial dealer speculators were masquerading as hedgers. While I appreciate your acknowledgment upfront, that I am, "... essentially correct that the COMEX does not have speculative position limits outside the spot month...", I ask you to reconsider your justifications as to why this does not matter. In all due respect, sir, this is key to the COMEX manipulation.
Further, your argument that because there are no legitimate speculative position limits in place, then, "...there... is no motive for a speculator to masquerade as a dealer/hedger in order to evade position limits." Sadly, I must agree with you, but this is almost tantamount to admitting that most silver trading on the COMEX is speculative in nature, which was my original point, namely, that speculators, not real producers and consumers, are dictating the price of silver. As you well know, allowing unlimited speculation is not the economic purpose and justification of futures trading.
Just like the COMEX`s Neal Wolkoff, you failed to provide any evidence of the real silver, or specific hedging agreements, that backed up the 8 or less traders` net short sale of 350 million ounces of silver. It is obvious that the real silver backing up the short sales does not exist, and any "hedging" agreements are with foreign producers violating the intent of our commodity law. Unfortunately, you have given the institutional crooks on the COMEX the green light to continue their decade long manipulation in silver.
You have a staff loaded with taxpayer-funded economists, yet not one can explain, in free market terms, how a commodity price can remain depressed in every possible objective measurement, against 13 consecutive years of a documented deficit. Or how inventories, including those of the US Government, can approach, and hit zero, because of that deficit, without the price rise dictated by the law of supply and demand.
Commodity law is incredibly clear on this point - speculators should not dominate the price of a regulated commodity, like silver. That`s why the law dictates speculative position limits. I ask you, with the utmost sincerity and respect, to uphold and enforce the law and reconsider your approval of this manipulation.
Respectfully,
Ted Butler
Director
Division of Market Oversight
Commodity Futures Trading Commission
Washington, DC Via e-mail
Dear Mr. Gorham:
Thank you for your letter of December 9, in response to my letter to Chairman Newsome of August 13. I appreciate the time and effort you have taken to look into this issue and respond in detail, as befits its serious nature. It is not my intention to engage the Commission in a never-ending debate on this issue, as I am a private citizen and you are the regulator of last resort. Since only the Commission can intercede against the silver manipulators, I feel a responsibility to ask you to reconsider your conclusion that all is well in COMEX silver.
I had written to Chairman Newsome with two specific allegations, namely, there were no legitimate speculative position limits in COMEX silver, contrary to commodity law, and that the large commercial dealer speculators were masquerading as hedgers. While I appreciate your acknowledgment upfront, that I am, "... essentially correct that the COMEX does not have speculative position limits outside the spot month...", I ask you to reconsider your justifications as to why this does not matter. In all due respect, sir, this is key to the COMEX manipulation.
Further, your argument that because there are no legitimate speculative position limits in place, then, "...there... is no motive for a speculator to masquerade as a dealer/hedger in order to evade position limits." Sadly, I must agree with you, but this is almost tantamount to admitting that most silver trading on the COMEX is speculative in nature, which was my original point, namely, that speculators, not real producers and consumers, are dictating the price of silver. As you well know, allowing unlimited speculation is not the economic purpose and justification of futures trading.
Just like the COMEX`s Neal Wolkoff, you failed to provide any evidence of the real silver, or specific hedging agreements, that backed up the 8 or less traders` net short sale of 350 million ounces of silver. It is obvious that the real silver backing up the short sales does not exist, and any "hedging" agreements are with foreign producers violating the intent of our commodity law. Unfortunately, you have given the institutional crooks on the COMEX the green light to continue their decade long manipulation in silver.
You have a staff loaded with taxpayer-funded economists, yet not one can explain, in free market terms, how a commodity price can remain depressed in every possible objective measurement, against 13 consecutive years of a documented deficit. Or how inventories, including those of the US Government, can approach, and hit zero, because of that deficit, without the price rise dictated by the law of supply and demand.
Commodity law is incredibly clear on this point - speculators should not dominate the price of a regulated commodity, like silver. That`s why the law dictates speculative position limits. I ask you, with the utmost sincerity and respect, to uphold and enforce the law and reconsider your approval of this manipulation.
Respectfully,
Ted Butler
GATA "substantiates" 15,000ton short
"Word is the Portuguese central bank sale was the result of an options structure arranged in tranches over 1997 and 1998 (a collar). This is exactly what MIDAS reported over the past years and may only be the tip of the iceberg. Central banks wrote calls above the market and gold is being called away from them.
"I doubt this gold will ever see the physical market because of the massive 15,000 tonne gold short position. There is a scramble out there to get hold of physical gold to honor prior commitments. The Portuguese have found that out.
"The big news, as far as GATA is concerned, is the revelation that 70% of the Portuguese gold is gone. How many other central banks are in the same predicament? The Portuguese gold loans/swaps are not in the gold loan numbers of the World Gold Council and GFMS. Their gold loan numbers are only 4600/ 5,000 tonnes. The GATA/Howe/Veneroso numbers are more than three times the official gold industry numbers.
"Word is the Portuguese central bank sale was the result of an options structure arranged in tranches over 1997 and 1998 (a collar). This is exactly what MIDAS reported over the past years and may only be the tip of the iceberg. Central banks wrote calls above the market and gold is being called away from them.
"I doubt this gold will ever see the physical market because of the massive 15,000 tonne gold short position. There is a scramble out there to get hold of physical gold to honor prior commitments. The Portuguese have found that out.
"The big news, as far as GATA is concerned, is the revelation that 70% of the Portuguese gold is gone. How many other central banks are in the same predicament? The Portuguese gold loans/swaps are not in the gold loan numbers of the World Gold Council and GFMS. Their gold loan numbers are only 4600/ 5,000 tonnes. The GATA/Howe/Veneroso numbers are more than three times the official gold industry numbers.
A Silver Dream
Ralph Johnston
November 14, 2002
I had a dream last night. A silver dream.
http://www.321gold.com/editorials/johnston/johnston111402.ht…
Ralph Johnston
November 14, 2002
I had a dream last night. A silver dream.
http://www.321gold.com/editorials/johnston/johnston111402.ht…
CHAPMAN ON MANIPULATION
OK I agree, and everyone LONG should put in their individual GOOD `till Cancelled SELL order @ $100 or what ever high number they choose.
That single step will take a lot of your and our Brokerage GOLD shares off their Marginable Account, and they`ll have to `call` in the shorter to buy the SHORT position back.
Hell guys, we probably collectively hold millions of shares.......imagine the SHORT SQUEEZE when we ALL place a GTC sell order at $100.
There won`t be much `marginable` Broker Shares left for any SHORT to BORROW.
Recourse...of course........BUY! ! ! ! !
If you think this has merit, give it to every other GOLD board around.
http://messages.yahoo.com/bbs?.mm=FN&action=m&board=7079095&…
OK I agree, and everyone LONG should put in their individual GOOD `till Cancelled SELL order @ $100 or what ever high number they choose.
That single step will take a lot of your and our Brokerage GOLD shares off their Marginable Account, and they`ll have to `call` in the shorter to buy the SHORT position back.
Hell guys, we probably collectively hold millions of shares.......imagine the SHORT SQUEEZE when we ALL place a GTC sell order at $100.
There won`t be much `marginable` Broker Shares left for any SHORT to BORROW.
Recourse...of course........BUY! ! ! ! !
If you think this has merit, give it to every other GOLD board around.
http://messages.yahoo.com/bbs?.mm=FN&action=m&board=7079095&…
Press Release Source: Silver Standard Resources Inc.
Silver Standard and Pan American Silver Announce Further Bonanza-Grade Drill Intercepts at Manantial Espejo in Argentina
Wednesday January 29, 9:03 am ET
VANCOUVER, British Columbia--(BUSINESS WIRE)--Jan. 29, 2003--
http://biz.yahoo.com/bw/030129/292126_1.html
Silver Standard and Pan American Silver Announce Further Bonanza-Grade Drill Intercepts at Manantial Espejo in Argentina
Wednesday January 29, 9:03 am ET
VANCOUVER, British Columbia--(BUSINESS WIRE)--Jan. 29, 2003--
http://biz.yahoo.com/bw/030129/292126_1.html
Do You Want to Fight Back
Against The Outrageous Short Position In Gold Shares?
Then Read This Now or Get Ready to be Had!
By
James Sinclair, CEO Tan Range
tnxinvestor@zoolink.com
Fed Holds Key Interest Rate Unchanged
Wed Jan 29, 2:57 PM ET Add Business - AP to My Yahoo!
By JEANNINE AVERSA, Associated Press Writer
WASHINGTON
http://story.news.yahoo.com/news?tmpl=story2&ncid=514&e=3&u=…
Wed Jan 29, 2:57 PM ET Add Business - AP to My Yahoo!
By JEANNINE AVERSA, Associated Press Writer
WASHINGTON
http://story.news.yahoo.com/news?tmpl=story2&ncid=514&e=3&u=…
Silver Investor Newsletter
By David Morgan
Feb 12, 2003
www.silver-investor.com
http://kitco.com/ind/Morgan/feb122003.html
By David Morgan
Feb 12, 2003
www.silver-investor.com
http://kitco.com/ind/Morgan/feb122003.html
Friday, Feb. 21, 2003. Page 1
Following the Trail of Magadan Gold
By Catherine Belton
Staff Writer
For MT
A worker pouring gold at the Kubaka mill, which is owned by Magadan`s biggest gold venture, Omolon. Each bar is worth $60,000.
KUBAKA GOLD MINE, Magadan --
http://www.themoscowtimes.com/stories/2003/02/21/002.html
Following the Trail of Magadan Gold
By Catherine Belton
Staff Writer
For MT
A worker pouring gold at the Kubaka mill, which is owned by Magadan`s biggest gold venture, Omolon. Each bar is worth $60,000.
KUBAKA GOLD MINE, Magadan --
http://www.themoscowtimes.com/stories/2003/02/21/002.html
BAY deal closed today
"The TSX has conditionally approved the listing of the Pan American warrants under the symbol PAA.WT. The listing is subject to Pan American fulfilling all of the requirements of the TSX as soon as practicable, including the distribution of the Pan American warrants to a minimum number of warrant holders."
"The TSX has conditionally approved the listing of the Pan American warrants under the symbol PAA.WT. The listing is subject to Pan American fulfilling all of the requirements of the TSX as soon as practicable, including the distribution of the Pan American warrants to a minimum number of warrant holders."
silver lease rates
http://www.kitco.com/charts/s_leaserates.html
http://www.kitco.com/charts/s_leaserates.html
Bank Secrecy Act Regs to Cover Precious Metals Dealers
Eugene C. Holloway, J.D., L.L.M
(Admin. Law Economic Regulation) ©2003
http://www.gold-eagle.com/editorials_03/holloway022403.html
Eugene C. Holloway, J.D., L.L.M
(Admin. Law Economic Regulation) ©2003
http://www.gold-eagle.com/editorials_03/holloway022403.html
KODAK PROFESSIONAL Digital III Color Paper
For superior prints and productivity from digital image writers
http://www.kodak.co.ae/global/en/professional/products/paper…
For superior prints and productivity from digital image writers
http://www.kodak.co.ae/global/en/professional/products/paper…
(Washington, D.C. - February 21, 2003) - Members of the United States House of Representatives introduced legislation last week directing the Secretary of Agriculture to conduct a study of the effectiveness of silver-based biocides as an alternative treatment to preserve wood.
H.R. 688, known as the "Wood Preservation Safety Act of 2003," directs the Forest Products Laboratory in Madison, Wisconsin to conduct a study on the effectiveness of silver-based biocides as a wood preservation treatment. Congressmen Jim Gibbons (R-NV) and Butch Otter (R-ID) introduced the legislation. The U.S. Senate is expected to introduce companion legislation soon.
Last year, the Environmental Protection Agency (EPA), the chemical industry and the home-improvement industry negotiated an agreement to phase out the use of arsenic-based wood preservatives in pressure-treated wood by December 31, 2003. This transition affects virtually all residential uses of wood treated with chromated copper arsenate (CCA), including wood used in play structures, decks, picnic tables, landscaping timbers, residential fencing, patios and walkways/boardwalks.
Beginning January 1, 2004, the EPA will not allow any CCA products in these residential uses. Corporations such as Home Depot and Lowe`s have announced they would stop selling lumber treated with an arsenic-based preservative in concert with the EPA announcement.
The Consumer Products Safety Commission also is entering the long-running debate about the health risks of playground equipment made of pressure-treated wood. Earlier this month the agency released a staff study of 12 playgrounds in the Washington, D.C. area. It concluded that children who play on equipment made of wood treated with CCA`s could face an increased risk of developing lung or bladder cancer over their lifetime.
"With the introduction of this legislation, Congress recognizes the growing importance of silver as a biocide and we will work hard to see that this important legislation is passed in the 108th Congress," said Paul Bateman, Executive Director of the Silver Institute.
If silver-based biocides were used as an alternative to harmful arsenic-based preservatives, potentially over 100 million ounces of silver a year would be consumed in this application alone, adding significantly to overall worldwide fabrication demand.
The Silver Institute is a nonprofit international association. Established in 1971, the Institute serves as the industry`s voice in increasing public understanding of the value and many uses of silver.
H.R. 688, known as the "Wood Preservation Safety Act of 2003," directs the Forest Products Laboratory in Madison, Wisconsin to conduct a study on the effectiveness of silver-based biocides as a wood preservation treatment. Congressmen Jim Gibbons (R-NV) and Butch Otter (R-ID) introduced the legislation. The U.S. Senate is expected to introduce companion legislation soon.
Last year, the Environmental Protection Agency (EPA), the chemical industry and the home-improvement industry negotiated an agreement to phase out the use of arsenic-based wood preservatives in pressure-treated wood by December 31, 2003. This transition affects virtually all residential uses of wood treated with chromated copper arsenate (CCA), including wood used in play structures, decks, picnic tables, landscaping timbers, residential fencing, patios and walkways/boardwalks.
Beginning January 1, 2004, the EPA will not allow any CCA products in these residential uses. Corporations such as Home Depot and Lowe`s have announced they would stop selling lumber treated with an arsenic-based preservative in concert with the EPA announcement.
The Consumer Products Safety Commission also is entering the long-running debate about the health risks of playground equipment made of pressure-treated wood. Earlier this month the agency released a staff study of 12 playgrounds in the Washington, D.C. area. It concluded that children who play on equipment made of wood treated with CCA`s could face an increased risk of developing lung or bladder cancer over their lifetime.
"With the introduction of this legislation, Congress recognizes the growing importance of silver as a biocide and we will work hard to see that this important legislation is passed in the 108th Congress," said Paul Bateman, Executive Director of the Silver Institute.
If silver-based biocides were used as an alternative to harmful arsenic-based preservatives, potentially over 100 million ounces of silver a year would be consumed in this application alone, adding significantly to overall worldwide fabrication demand.
The Silver Institute is a nonprofit international association. Established in 1971, the Institute serves as the industry`s voice in increasing public understanding of the value and many uses of silver.
Short Covering in Gold & Silver Shares
In other news select gold and silver shares continue to bounce back after short positions have been put on the sector. Short positions have been rising throughout all of last year and this year. Normally we would have the current month’s short positions to report to you at this time. They are normally released between the 13-15th of each month. This month they have been delayed. However, watching the action of gold and silver stocks, it appears that there is a lot of short covering that is occurring judging by money flows. As the charts of SSRI, PAAS and SIL indicate, large money went out of these stocks beginning in December, reflected in the red line. Now that money is coming back in. It can be assumed that some degree of short covering is taking place since short positions increased remarkably in Q4 and Q1 of this year. We observe the same pattern in gold shares. It is assumed that short covering is also taking place in gold shares. Not shown in the charts is individual money. Money flow patterns indicate that as precious metals stocks were going up from November to February, individual investors were attracted to the sector. While they were buying, the big boys [institutional traders] were shorting. Now those positions have reversed. The little guy is selling; while the big boys are buying back in.
(Financial Sense)
In other news select gold and silver shares continue to bounce back after short positions have been put on the sector. Short positions have been rising throughout all of last year and this year. Normally we would have the current month’s short positions to report to you at this time. They are normally released between the 13-15th of each month. This month they have been delayed. However, watching the action of gold and silver stocks, it appears that there is a lot of short covering that is occurring judging by money flows. As the charts of SSRI, PAAS and SIL indicate, large money went out of these stocks beginning in December, reflected in the red line. Now that money is coming back in. It can be assumed that some degree of short covering is taking place since short positions increased remarkably in Q4 and Q1 of this year. We observe the same pattern in gold shares. It is assumed that short covering is also taking place in gold shares. Not shown in the charts is individual money. Money flow patterns indicate that as precious metals stocks were going up from November to February, individual investors were attracted to the sector. While they were buying, the big boys [institutional traders] were shorting. Now those positions have reversed. The little guy is selling; while the big boys are buying back in.
(Financial Sense)
PAAS (+ 1.41% bei $6.47) führt im US-Handel vor HL (+ 1.20% bei $3.38).
Go Silber Go!
PAAS (+ 2.66% bei $6.55) hat soeben im US-Handel die Führung von PAL (+ 1.72% bei $2.37) zurück erobert. Beide führen nun vor VGZ (+ 1.17% bei $3.45).
Go Silber, Palladium und Gold Go!
Go Silber, Palladium und Gold Go!
PAAS (+ 2.04% bei $6.51) hat soeben im US-Handel die Führung von PAL zurück erobert. PAL führt nun vor SWC (+ 1.75% bei $2.33) und PAL (+ 1.29% bei $2.36).
Go Silber, Platin und Palladium Go!
Go Silber, Platin und Palladium Go!
PAAS (+ 3.45% bei $6.60) hat soeben im US-Handel die Führung von SWC zurück erobert. PAAS führt nun vor PAL (+ 3.00% bei $2.40) und SWC (+ 2.62% bei $2.35).
Go Silber, Platin und Palladium Go!
Go Silber, Platin und Palladium Go!
PAAS (+ 3.45% bei $6.60) hat soeben im US-Handel die Führung von PAL (+ 3.00% bei $2.40) zurück erobert. Beide führen nun vor SWC (+ 1.31% bei $2.32).
Go Silber, Platin und Palladium Go!
Go Silber, Platin und Palladium Go!
PAAS (+ 6.11% bei $6.25) hat soeben im US-Handel die Führung von GSS übernommen. PAAS führt nun vor HL (+ 5.34% bei $3.75) und SSRI (+ 5.12% bei $4.52).
Go Silber und Gold Go!
PAAS (+ 1.84% bei $6.63) hat soeben im US-Handel die Führung von CDE übernommen. PAAS führt nun vor DROOY (+ 1.24% bei $2.44).
Go Silber und Gold Go!
Go Silber und Gold Go!
PAAS (+ 2.46% bei $7.07) hat soeben im US-Handel die Führung von BGO (+ 2.42% bei $1.27) übernommen. Beide führen nun vor DROOY (+ 2.03% bei $2.51).
Go Silber go PAAS!
Go Silber go PAAS!
@p.w.,
anstatt dir die Mühe zu machen, so viele einzelne Goldwerte zu bewerben nimm doch einfach Dundee Precious Metals (WKN 872063)...
Hier das aktuelle Beteiligungsportfolio von DPM:
Altius Minerals Corporation
American Bonanza Gold Mining Corporation
Anatolia Minerals
Apollo Gold Corporation
Argosy Minerals
Ariane Gold Corporation
Atikwa Minerals Limited
Bolivar Gold Corp.
Cambior
Campell Res. Inc.
Canadian Royalities Inc.
Case Resources Inc.
Cumberland Resources
Diagem International Res.
Eastmain Resources Inc.
Eldorado Gold Corporation
European Goldfields Ltd.
FNX Mining Company
Gabriel Resources Ltd.
GlobeStar Mining Corp.
Golden Queen Mining
Greystar Resources
Hedman Resources Ltd.
Manhattan Minerals Corporation
Major Drilling Group
Metallic Ventures
Metallica Resources
Miramar Mining Corporation
Nichromet Extractions Inc.
Northgate Exploration Ltd.
Opti Canada
Pacific Rim Corporation
Pele Mountain Resources Inc.
Quest Ventures
Ranchgate Oil & Gas
Rio Narcea
South Atlantic Ventures Ltd.
Stratic Energy Corp
Tahera Corporation
TecnoPetrol Inc.
Tempest Energy
Titanium Corporation
Twin Mining Corporation
Verena Minerals Corporation
Western Canadian Coal Corp.
Wolfden Resources
East African Gold Mines
Revesco Group Ltd.
Red Back Mining NL
Buenaventura
anstatt dir die Mühe zu machen, so viele einzelne Goldwerte zu bewerben nimm doch einfach Dundee Precious Metals (WKN 872063)...
Hier das aktuelle Beteiligungsportfolio von DPM:
Altius Minerals Corporation
American Bonanza Gold Mining Corporation
Anatolia Minerals
Apollo Gold Corporation
Argosy Minerals
Ariane Gold Corporation
Atikwa Minerals Limited
Bolivar Gold Corp.
Cambior
Campell Res. Inc.
Canadian Royalities Inc.
Case Resources Inc.
Cumberland Resources
Diagem International Res.
Eastmain Resources Inc.
Eldorado Gold Corporation
European Goldfields Ltd.
FNX Mining Company
Gabriel Resources Ltd.
GlobeStar Mining Corp.
Golden Queen Mining
Greystar Resources
Hedman Resources Ltd.
Manhattan Minerals Corporation
Major Drilling Group
Metallic Ventures
Metallica Resources
Miramar Mining Corporation
Nichromet Extractions Inc.
Northgate Exploration Ltd.
Opti Canada
Pacific Rim Corporation
Pele Mountain Resources Inc.
Quest Ventures
Ranchgate Oil & Gas
Rio Narcea
South Atlantic Ventures Ltd.
Stratic Energy Corp
Tahera Corporation
TecnoPetrol Inc.
Tempest Energy
Titanium Corporation
Twin Mining Corporation
Verena Minerals Corporation
Western Canadian Coal Corp.
Wolfden Resources
East African Gold Mines
Revesco Group Ltd.
Red Back Mining NL
Buenaventura
PAAS (+ 3.23% bei $7.66) hat soeben im US-Handel die Führung von HL (+ 3.22% bei $4.81) übernomen. Beide führen nun vor CDE (+ 1.91% bei $1.60).
Go Silber go CDE!
Go Silber go CDE!
PAAS (+ 4.45% bei $7.75) hat soeben im US-Handel die Führung von SSRI (+ 3.96% bei $5.51) übernommen. Beide führen nun vor RANGY (+ 2.57% bei $11.90).
Go Silber go PAAS!
Go Silber go PAAS!
PAAS (+ 5.80% bei $7.85) hat soeben im US-Handel die Führung von SSRI (+ 5.66% bei $5.60) übernommen. Beide führen nun vor CDE (+ 3.82% bei $1.63).
Go Silber go PAAS!
Go Silber go PAAS!
PAAS (+ 1.56% bei $7.83) liegt im US-Handel in Führung vor AAUK (+ 1.09% bei $15.79) und ASL (+ 1.03% bei $7.88).
Go Silber go PAAS!
Go Silber go PAAS!
PAAS (+ 1.43% bei $7.82) hat soeben im Us-Handel die Führung von CBJ (+ 1.29% bei $1.57) übernommen. Beide führen nun vor ASL (+ 1.15% bei $7.89).
Go Silber go PAAS!
Go Silber go PAAS!
PAAS (+ 7.56% bei $7.97) hat soeben im US-Handel die Führung von CDE (+ 7.24% bei $1.63) übernommen. Beide führen nun vor MNG (+ 7.09% bei $1.51).
Go Silber go PAAS!
Go Silber go PAAS!
!
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