checkAd

    Don`t panic, gold`s run still intact - 500 Beiträge pro Seite

    eröffnet am 02.07.02 08:16:48 von
    neuester Beitrag 02.07.02 08:43:59 von
    Beiträge: 4
    ID: 603.607
    Aufrufe heute: 0
    Gesamt: 395
    Aktive User: 0


     Durchsuchen

    Begriffe und/oder Benutzer

     

    Top-Postings

     Ja Nein
      Avatar
      schrieb am 02.07.02 08:16:48
      Beitrag Nr. 1 ()
      Und in diesem Beitrag kann man lesen, warum das Rennen bei dem Gold noch intakt ist, bzw.wie es in einem Kommentar zu disem Text steht, das Rennen noch gar begonnen ist, weil es noch an der Startlinie steht. (Gold ist das Investment für die nächsten 20 Jahre.)
      Den S&P 500 werden wir noch bei 350 sehen. Dementsprechend niedrig wird dann auch der Dow Jones, der Nasdaq, der DAX 30 und 100, der Nemax 50 und der Nemax All Share stehen. Der gesamte Aktienmarkt ist kaputt. Und, der WorldCom-, der Enron-, der Xerox-, der Dynegy-, etc., der (wer ist nächste?)-war bestimmt noch nicht der letzte Finanzskandal. Ich glaube das Vertrauen in die Analysten, den CEO`s immens gestört ist und das es Jahre, wenn nicht sogar Jahrzehnte dauern wird, bis es jemals wieder hergestellt ist.

      peter.wedemeier1
      Avatar
      schrieb am 02.07.02 08:17:56
      Beitrag Nr. 2 ()
      Avatar
      schrieb am 02.07.02 08:20:04
      Beitrag Nr. 3 ()
      Don`t panic, gold`s run still intact


      By: Stewart Bailey

      Posted: 2002/07/01 Mon 17:01 | © Miningweb 1997-2002
      JOHANNESBURG – The gold market finally succumbed to the threat of long liquidation by funds on Friday, as the price came crashing down in New York trade to briefly test levels around $310/oz. The fall sent bullion careering through long term uptrend levels of $316/oz, setting new support levels of $309/oz. Late Monday in European trade, the metal had recovered to around the $312/oz mark.

      Stuart Leslie, chief bullion trader at Standard Corporate and Merchant Bank in Johannesburg, said the fall in gold late Friday in New York trade, was caused by one of the large bullion banks exiting a long position on Comex. Analysts and bankers would not divulge the identity of the mystery seller, but one rumour doing the rounds was that Morgan Stanley had cashed in on a stale position after lacklustre bullion price action over recent weeks. Funds remain 3.8 million ounces long on Comex, a potential overhang that remains a bearish indicator for the time being while the metal struggles to gain upside momentum.

      Metal analysts believe the fall in the price of Friday, which triggered a series of long liquidations, was helped along by the Japanese Central Bank massaging currency crosses to retain a favourable (read cheaper) exchange rate relative to the dollar, to keep exporters competitive. They argue that the resultant firmer dollar helped depress gold.

      Leslie says, however, that the falling gold price had less to do with the weaker yen/stronger dollar than firmer looking equity markets. "Gold is less sensitive to the dollar after it peaked around $330/oz. It`s more reactive to equities now and they seem to be holding their ground," said Leslie.

      Surprisingly, the S&P500 shrugged off last week`s separate Worldcom and Xerox disasters, and registered its first weekly gain in more than a month and a half. The broad US index is, however, still nearly 14 percent lower for the year. The good news on world markets, however, is hardly a bullish indicator for the safe-haven metal, but technical analysts say the general trend for the US markets remains negative and, almost to a man, economists say disaster for the Japanese is intractable.

      According to UBS Warburg precious metals analyst John Reade, heavy Japanese public selling on Tocom pushed the price below its Friday close of $314/oz this morning. The selling is hardly surprising, given that Japanese government regulations aimed at buoying share markets has kept the Nikkei afloat this year, with cumulative gains of 10.52 percent. Sentiment among Japanese investors was also boosted last week by a record month-on-month increase in the country`s business confidence index, a rise which could have more to do with a good World Cup campaign by the country`s soccer team than a change in the country`s flagging economic fortunes.

      Against this glut of good news, Friday`s drop in the gold price no doubt sparked some panic among the Japanese that their share market would outperform their main insurance asset. Reade warns that "further Japanese public selling is very possible". He also sounds a short term warning that the price could come under still more pressure.

      "After the recent price declines gold is becoming more attractively priced, however, it is probably too risky to turn positive on the metal until the waves of long liquidation have abated," said Reade.

      That said, though, very little has changed in the global economic and political landscape to warrant an end to the long term prospects for gold. The US deficit is as daunting as ever and whichever way you slice it Japanese banks are in trouble; Worldcom is unlikely to be the last of the financial scandal brigade, US corporate profits will come under more pressure, the Palestinians and Israelis are more intent than ever in continuing their war and the threat of more vicious terrorist attacks on the West is ever-present. All in all, a compelling long term picture for gold.

      SA golds

      It is against this backdrop that most pundits remain bullish over the long term prospects for both the metal and South African gold shares, despite the fact that bullion is well off its 4 June record close of $327.85 – its highest in four and a half years

      Greg Hunter, gold analyst at Deutsche Bank in Johannesburg, says the time is right for bargain hunting among gold equities. "If you believe the story for gold as we do, it might be the time to top up on South African gold shares," he said.

      James Wellsted, gold analyst at JP Morgan in Johannesburg, says the bank`s long term forecast of $325/oz remains intact. This year, however, Wellsted is anticipating an average price of between $310/oz and $315/oz, suggesting some upside for the metal which averaged only $291/oz in the first quarter and $312/oz in the second.

      "Don`t panic. This might be a good opportunity to pick up some of those gold shares at more realistic levels," said Wellsted.

      In Johannesburg today, the gold index had shed 4.6 percent to 2781 by mid-afternoon. The index is far below its peak of 3739 reached during intraday trading on 22 May.

      The non-hedgers in the pack took the brunt of the metal`s fall. Gold Fields dropped 5.6 percent to R115 a share, Harmony shed 4.8 percent to R135.20 a share and Durban Roodepoort Deep lost 5.8 percent to R40.50.

      ARMGold lost 4.4 percent to R50.20 and the day`s most spectacular loser was Afrikander Lease, the junior open cast miner which dropped 15 percent to R5.40 a share.
      Avatar
      schrieb am 02.07.02 08:43:59
      Beitrag Nr. 4 ()
      Most people are not aware of this yet, but the impact of China about to enter into the gold market is going to prove the most significant event that will contribute to the rise of POG over the coming years.

      Once the Shanghai Gold Market opens up and finds its feet - watch out. This is one gold bear (panda) that is going to be a RAGING, CHARGING, SNORTING, BULL!

      ON THAT YOU CAN BET YOUR BOTTOM DOLLAR, POUND, OR EURO


      Beitrag zu dieser Diskussion schreiben


      Zu dieser Diskussion können keine Beiträge mehr verfasst werden, da der letzte Beitrag vor mehr als zwei Jahren verfasst wurde und die Diskussion daraufhin archiviert wurde.
      Bitte wenden Sie sich an feedback@wallstreet-online.de und erfragen Sie die Reaktivierung der Diskussion oder starten Sie
      hier
      eine neue Diskussion.
      Don`t panic, gold`s run still intact