Koffiekamer Terug naar discussie overzicht

In gold we trust

1. [verwijderd] 19 januari 2010 14:17

   auteur info

   • [verwijderd]

     Lid sinds: 01 jan 0001

     Laatste bezoek: 01 jan 0001

   • Aanbevelingen

     Ontvangen: 0

     Gegeven: 0

   •    Aantal posts: 0

   Credit Suisse:.......SELL GOLD.......
   
   Howdy,
   
   Credit Suisse Gold Supply And Demand Forecast; And Why Clients Should Sell Their Gold To CS
   Submitted by Tyler Durden on 01/18/2010 09:54 -0500
   
   Cutting straight to the chase:
   
   Our analysis of the gold market leads us to take a bearish stance with regard to the gold price in 2010. In 2009 we reasoned that the main drivers of the gold price were significantly linked to the trade weighted dollar, increased investment demand, central bank purchases and market sentiment. The increase in investment demand for gold ETFs, in our view, had an “accelerating and reinforcing effect” on market sentiment and the safe haven status of gold which resulted in upward pressure on the gold price which rose 24.6% during 2009. We do not expect the 2009 rate of investment in ETFs to continue at the same pace in 2010.
   
   We are of the view that the gold market will likely be dominated mainly by the demand side of the equation in 2010. We believe that the likely decline in investment demand for ETFs, year on year, will play a pre-eminent role as a swing factor in our supply-and-demand balance in 2010. Jewellery, industrial and dental demand will likely strengthen marginally year on year. The secondary supply of scrap will depend on the gold price but will likely remain above 50% of mine supply. Central banks will likely become net purchasers while de-hedging will reduce significantly as the major players in this arena accelerate their 2009 de-hedging activities. Our calculations show a large oversupply of around 420 tonnes in our supply-and-demand equation for 2010.
   
   In summary, we believe that the steam has run out of investment demand as the economic environment has and is changing to the positive. Muted investment demand coupled with a change in market sentiment and a projected large oversupply in the supply equation all point to a downward correction in the gold price from the highs reached at the end of 2009.
   
   www.zerohedge.com/article/credit-suis...
   
   Je kunt daar ook commentaar lezen.
   
   >--:-)-->
2. [verwijderd] 19 januari 2010 14:34

   auteur info

   • [verwijderd]

     Lid sinds: 01 jan 0001

     Laatste bezoek: 01 jan 0001

   • Aanbevelingen

     Ontvangen: 0

     Gegeven: 0

   •    Aantal posts: 0

   Ja, meteen die shiny broodjes en kruggerands uit je matras halen AA
   
   LOL
3. smith&jones 19 januari 2010 14:38

   auteur info

   • smith&jones

     Lid sinds: 24 feb 2003

     Laatste bezoek: 06 nov 2023

   • Aanbevelingen

     Ontvangen: 1321

     Gegeven: 1129

   •    Aantal posts: 8.084

   Denk dat we een vreemde fase gaan krijgen: stijgende dollar EN goud...
4. [verwijderd] 19 januari 2010 15:14

   auteur info

   • [verwijderd]

     Lid sinds: 01 jan 0001

     Laatste bezoek: 01 jan 0001

   • Aanbevelingen

     Ontvangen: 0

     Gegeven: 0

   •    Aantal posts: 0

   quote:

   zzzaai schreef:

   Ja, meteen die shiny broodjes en kruggerands uit je matras halen AA
   
   LOL
   

   Was dat maar waar :-), ik heb alleen maar vetleren medailles als herdenking aan de verkiezing van Obama.
5. [verwijderd] 21 januari 2010 07:14

   auteur info

   • [verwijderd]

     Lid sinds: 01 jan 0001

     Laatste bezoek: 01 jan 0001

   • Aanbevelingen

     Ontvangen: 0

     Gegeven: 0

   •    Aantal posts: 0

   Is there gold in Fort Knox?
   
   By Constance Gustke
   CBS MoneyWatch
   Wednesday, January 20, 2010
   
   moneywatch.bnet.com/economic-news/art...
   
   Buried inside a 109,000-acre U.S. Army post in Kentucky sits one of the Federal Reserve's most secure assets and its only gold depository: the 73-year-old Fort Knox vault. Its glittering gold bricks, totaling 147.3 million ounces (that's about $168 billion at current prices), are stacked inside massive granite walls topped with a bombproof roof. Or are they?
   
   It's hard to know for sure. Few people have been inside Fort Knox, a highly classified bunker ringed by fences and multiple alarms and guarded by Apache helicopter gunships. When the U.S. finished building Fort Knox in 1937, the gold was shipped in on a special nine-car train manned by machine gunners and loaded onto Army trucks protected by a U.S. Calvary brigade. And the fort has been pretty much off limits since then. A U.S. Mint spokesman said in an email statement to MoneyWatch that the accounting firm KPMG, which audits the Mint, "has been present in the vault at Fort Knox." The Mint won't comment on exactly how much gold is in there, though.
   
   That's why U.S. Rep. Ron Paul, R-Texas, a 2008 presidential candidate known for his libertarian streak, wants to have a look around. Paul introduced a bill to audit the Federal Reserve, which includes Fort Knox's gold. "My attitude is: Let's just find out what's there," he says.
   
   Despite conspiracy theories to the contrary, no serious Fed watcher thinks Fort Knox is wholly goldless â?? not even Paul. The push by Paul and a conspiracy-theorist group known as Gold Anti-Trust Action Committee (GATA) to open Fort Knox's 22-ton door is more about their loathing of the Federal Reserve and its purported growing powers. "The gold market is being manipulated by the Fed," says GATA spokesman Chris Powell. "It's involved in gold swap agreements with foreign banks. Gold is a major determinant of interest rates."
   
   The bad news for "Goldfinger" buffs, say gold analysts, is that Fort Knox doesn't really matter much anymore.
   
   Fort Knox began losing its luster when the United States went off the gold standard in 1971. Before that, gold bars packed into a secure vault gave people faith in the country's currency. Today, however, Fort Knox's gold is now an asset on the Federal Reserveâ??s balance sheet, not a key part of our monetary system.
   
   Though Fort Knox's security overkill may seem a quaint relic of bygone days -- like the Beefeaters guarding Buckingham Palace -- the gold there and at U.S. Mint facilities adds up to one of the world's largest bullion holdings. Still, it's a tiny part of the nation's total assets. In a $13.8 trillion GDP economy, 147.3 million troy ounces of gold barely registers.
   
   "It may lend some confidence to investors that we have large gold reserves," says Mark Zandi, chief economist at Moody's Economy.com. "But it's more symbolic than substantive."
   
   The Fedâ??s gold is valued at a tremendously low figure -- just $42.22 an ounce. The rock-bottom figure was set in 1973, two years after we left the gold standard, primarily to avoid wild accounting swings. "What would happen if the price of gold drops dramatically?" asks Dimitri Papadimitriou, president of the Levy Economics Institute at Bard College. "The Fed balance sheet would be dramatically lower."
   
   The Fed won't be unloading large stashes from Fort Knox any time soon. Doing so would flood the market and send the price of gold spiraling downward. "A small, vocal group of gold bugs would be against it," says John Irons, research and policy director at the Economic Policy Institute, a liberal think tank. "The Fed wouldn't want to stir things up."
   
   But Irons and some other economists would like to see the U.S. gold reserves thinned out. "The Fed could sell a lot of the gold," says Irons. "It's better used in jewelry or electronics. It can be useful to the private economy rather than buried in a vault."
   
   The sale could make a small dent in the $12.1 trillion national debt and, with the price of gold near its all-time high, this is a particularly good time to sell.
   
   The reason Fort Knox will remain a mighty fortress, however, may come down to something Alan Greenspan once told Paul. When Paul asked the former Fed Chairman why the Fed hangs onto its hefty gold reserves, "Greenspan said, 'Just in case we need it,'" says Paul. "You hold onto it because it's the ultimate in money."
   
   If you don't trust GOLD,the only asset with a 6000 year track record, do you trust the logic of taking a $1,000 pine tree, cutting it up, turning it to pulp, putting some ink on it, and then calling it one billion $ dollars?
   
6. [verwijderd] 21 januari 2010 17:59

   auteur info

   • [verwijderd]

     Lid sinds: 01 jan 0001

     Laatste bezoek: 01 jan 0001

   • Aanbevelingen

     Ontvangen: 0

     Gegeven: 0

   •    Aantal posts: 0

   
   in Gung Ho's stuk over Fort Knox staat:.........."with the price of gold near its all-time high, this is a particularly good time to sell gold"...........
   
   Howdy,
   
   ???????????????????????????????????Wat denken jullie daarvan ?
   
   Houdoe
   
   >--:-)-->
7. [verwijderd] 21 januari 2010 18:05

   auteur info

   • [verwijderd]

     Lid sinds: 01 jan 0001

     Laatste bezoek: 01 jan 0001

   • Aanbevelingen

     Ontvangen: 0

     Gegeven: 0

   •    Aantal posts: 0

   quote:

   Amor Arrows schreef:

   in Gung Ho's stuk over Fort Knox staat:.........."with the price of gold near its all-time high, this is a particularly good time to sell gold"...........
   
   Howdy,
   
   ???????????????????????????????????Wat denken jullie daarvan ?
   
   Houdoe
   
   >--:-)-->
   

   Sell gold plated tungsten ?
   altijd doen ....
8. [verwijderd] 21 januari 2010 18:54

   auteur info

   • [verwijderd]

     Lid sinds: 01 jan 0001

     Laatste bezoek: 01 jan 0001

   • Aanbevelingen

     Ontvangen: 0

     Gegeven: 0

   •    Aantal posts: 0

   quote:

   Amor Arrows schreef:

   in Gung Ho's stuk over Fort Knox staat:.........."with the price of gold near its all-time high, this is a particularly good time to sell gold"...........
   
   Howdy,
   
   ???????????????????????????????????Wat denken jullie daarvan ?
   
   Houdoe
   
   >--:-)-->
   

   Wacht nog even tot USD / EUR pariteit, dat lijkt me wel een mooi moment om wat weg te doen ja ;-)
9. [verwijderd] 8 februari 2010 15:21

   auteur info

   • [verwijderd]

     Lid sinds: 01 jan 0001

     Laatste bezoek: 01 jan 0001

   • Aanbevelingen

     Ontvangen: 0

     Gegeven: 0

   •    Aantal posts: 0

   By Peter Brimelow
   MarketWatch.com
   Monday, February 8, 2010
   
   www.marketwatch.com/story/gold-hit-ha...
   
   NEW YORK -- Gold had a pretty rough week, but some gold bugs remain remarkably cheerful.
   
   Last Friday's down-$10.20 close at $1,052.80 in New York was the lowest since October 30th. Gold has now completely erased the spectacular November rally which carried it over $1,200.
   
   True, gold and gold shares did participate enthusiastically in the peculiar late Friday afternoon rally which brightened the general stock scene. Nyse Arca Gold Bugs (HUI) and Phlx Gold Silver Index (XAU) in particular both rose over 5%, far outpacing the general market.
   
   No one really knows whether to take this seriously -- gold normally barely trades late on Fridays. The possibility of window dressing is obvious.
   
   What next?
   
   The chart damage done last week was horrible. Martin Pring noted in his Weekly InfoMovie Report that gold "has completed an upward sloping head and shoulders pattern and has just violated the major up trendline ... that suggests to me ... a more protracted correction."
   
   The Australian-based service The Privateer's famous $US 5X3 point-and-figure chart -- available here -- turned down and now looks dreadful.
   
   And JSMineset's Dan Norcini came straight to the point about the gold shares on Thursday evening: "The HUI chart stinks -- not much more can be said than that. It has to get back above 400 to generate the least bit of bullish enthusiasm."
   
   Of course last week was a pretty bloodcurdling week to own anything. The Gartman Letter's explanation of why it was not evicted from its gold position, as it frequently is in waterfall declines, has a lot of resonance: "We hold what we hold out of fear of the future, not out of love for gold."
   
   Nevertheless, two types of gold bugs remain remarkably cheerful.
   
   The truly hard-core financial system skeptics actually found last week delicious. They are exemplified by Australia's The Privateer, which (despite its grim chart) happily noted:
   
   "The Global Financial Crisis has come back, but this time, it is not the risk of banks going under -- it is the risk of "sovereign nations" going under. Which sovereign nations? European ones, or more precisely peripheral European ones along the shore of the Mediterranean Sea.
   
   "It was the same old herd reaction. Get out of trades -- ANY trades -- that were going to strangle the holder of same, most of them financed with U.S. dollars. Grab the proceeds and convert them back to U.S. dollars. Stuff the dollars under the mattress or into Treasuries."
   
   From The Privateer's standpoint, gold will inevitably benefit after the short-term panic reaction is succeeded by the long-term despair reaction.
   
   Are you really sure the financial system skeptics are wrong?
   
   The other cheerful group, with arguably a more useful short-term orientation, is the radical gold bugs who muster at Bill Murphy's Le Metropole Cafe. They argue that the gold price has long been manipulated. Its nose-diving in the face of intensified financial system threat is exactly what they would expect, so they are not alarmed. As Murphy himself said of Friday's early action:
   
   "Gold managed a modest rally to $1067 when The Gold Cartel's traders reported for work at 3 a.m. New York time and straight down she went."
   
   What really cheers up the Metropole Cafe crowd are the reports they are starting to see signs of strong buying of physical gold by the public in India and the Far East. They last reported this in late January and were rewarded with a $40 rally. Now apparently it is being seen again.
   
   Le Metropole Cafe also publicized this weekend the fall of MarketVane's Bullish Consensus for gold to 70%. It comments that this indicator "... was last at this level (for a single day) on April 6 last year which marked the climax of the late winter selloff. ... Gold closed that day at $872.80."
   
   _________________
   If you don't trust GOLD,the only asset with a 6000 year track record, do you trust the logic of taking a $1,000 pine tree, cutting it up, turning it to pulp, putting some ink on it, and then calling it one billion $ dollars?
   
   
10. smith&jones 8 februari 2010 15:46

    auteur info

    • smith&jones

      Lid sinds: 24 feb 2003

      Laatste bezoek: 06 nov 2023

    • Aanbevelingen

      Ontvangen: 1321

      Gegeven: 1129

    •    Aantal posts: 8.084

    igg beter timing dan die van Noutje en Gordon...
    Grappig argument: 'er zijn zoveel dollars dat de waarde van het goud nix meer voorstelt... dus verkopen..????!!!
    
    De temperatuur van de patiënt is al zo hoog, stuur hem maar naar de tropen, dan lijkt het alsof het wel meevalt...
    
    
11. [verwijderd] 12 februari 2010 21:53

    auteur info

    • [verwijderd]

      Lid sinds: 01 jan 0001

      Laatste bezoek: 01 jan 0001

    • Aanbevelingen

      Ontvangen: 0

      Gegeven: 0

    •    Aantal posts: 0

    Gold (GOLDC : US$1,094.70), Net Change: 18.40, % Change: 1.71% Light Sweet Crude Oil (OILC : US$75.28), Net Change: 0.76, % Change: 1.02% Eyes Wide Shut? Gluskin Sheff's Chief Economist & Strategist David Rosenberg says, "While Greece and the other PIGS have been getting all the press, don’t take your eye off the prospect of a strike against Iran, either by Israel or Obama. [Israeli Prime Minister] Netanhyahu sounded very tough in a speech in Europe on Tuesday...What we are talking about here is what the response is going to be to Iran’s intent to move to 20% enrichment of its uranium from the current 3.5%." The West fears Iran's nuclear program is aimed at building weapons, while Tehran insists it needs enriched uranium for civilian power generation. Netanyahu said on Tuesday to an audience of European diplomats, "Iran is racing forward to produce nuclear weapons...I believe that what is required right now is tough action by the international community...This means not moderate sanctions, or watered-down sanctions. This means crippling sanctions and these sanctions must be applied right now." Any action against Iran could be bullish for oil and gold.
    
    _________________
    If you don't trust GOLD,the only asset with a 6000 year track record, do you trust the logic of taking a $1,000 pine tree, cutting it up, turning it to pulp, putting some ink on it, and then calling it one billion $ dollars?
    
    
12. [verwijderd] 12 februari 2010 22:23

    auteur info

    • [verwijderd]

      Lid sinds: 01 jan 0001

      Laatste bezoek: 01 jan 0001

    • Aanbevelingen

      Ontvangen: 0

      Gegeven: 0

    •    Aantal posts: 0

    quote:

    ffff 10 sep 07, 12:34 schreef:

    Ik blijf me verbazen over die goudbelievers.
    
    Dit weekend hele verhalen in de media dat de goudprijs door de 700 dollar was gebroken. Tjonge jonge jonge, dat was toch wat!
    
    Maar dat goud doet toch niet zoveel, dacht ik bij mijzelf.
    
    En dan toch eens drie grafieken bekeken
    Op een jaar, want je moet ergens beginnen.
    
    Goud van 620 dollar naar 700 dollar. Het lijkt heel wat, zeg maar 13 procent
    
    Maar de dollar zakte van 1,25 naar 1,375, dus 10 procent.
    
    Met andere woorden: In gewone door de weekse EURO's boerde je drie porcent vooruit en als je natuurlijk ook de goudgrafieken IN EURO's kijkt klopt dat ook ongeveer.
    
    Kortom: Al die hysterische verhalen over goud.....
    
    Vroeger kreeg je bij de boerenleenbank ook drie procent over je geld. netzoveel als je afgelopen jaar op goud maakte.
    
    Peter
    

    En hoe denk je er nu over ?
    
    Ik heb vanaf de aankoopdatum EURO-GOUD (dus goud gekocht- en uitgedrukt in euro's) t/m heden (nu 4 jaar) een jaargemiddelde van 14,83 % per jaar gemaakt (cumulatief dus bijna 60%) ... dat krijg je niet bij de Rabobank.
    
    Of zie je het gele metaal nog steeds niet zitten ?
13. [verwijderd] 17 februari 2010 17:22

    auteur info

    • [verwijderd]

      Lid sinds: 01 jan 0001

      Laatste bezoek: 01 jan 0001

    • Aanbevelingen

      Ontvangen: 0

      Gegeven: 0

    •    Aantal posts: 0

    Gold-to-Silver Ratio
    
    Some precious metals for thought...Canaccord Adams Junior Mining Weekly team highlighted that since January 19, 2010, the price of silver has decreased by 18% (not including Tuesday’s move), while over this same period, the price of gold has decreased by only 4%. This has resulted in the Au:Ag ratio increasing from 60.6:1 to 70.7:1, a corresponding 17% increase.
    Since 1975, this ratio has averaged 65.5, and more recently, since September 2006, it has averaged 59.2. According to the United States Geological Survey (USGS), there are currently 400,000 tonnes of silver held globally in reserves, compared with 47,000 tonnes of gold (8.5:1). In terms of global production, the USGS estimates 21,400 tonnes of silver were produced in 2009, versus 2,350 tonnes of gold (9.1:1). Incidentally, based on the geochemistry of igneous rocks (from which all rocks are derived), the Ag:Au ratio is 17.5:1 (igneous rocks are estimated to contain 0.004 ppm Au and 0.07 ppm Ag). Therefore, simply looking at abundance and production (the supply side of the pricing equation), it would appear that at an Au:Ag price ratio of more than 70:1, silver is undervalued relative to gold. However, this conclusion does not take into account the demand side of the equation. Clearly, based on the pricing ratio of these metals, there is more demand for gold than silver on a proportionate basis to supply. Gold is widely viewed as a currency, is relied on as a hedge against inflation, and benefits from a flight-tosafety mentality during times of economic uncertainty. Although silver exhibits some of those characteristics (historically, silver has also been seen as a currency), it does not appear to have the same demand profile as does gold. Silver is widely used in industrial applications (electronics), accounting for approximately 50% of demand (in addition, jewellery accounts for 18% and photography for 12% of silver demand), compared with gold, for which industrial applications account for only about 11% of demand. As a result of differing demand profiles, we would expect the Au:Ag ratio to be high during periods of economic uncertainty and low industrial growth and low during periods of economic stability and relatively high industrial growth. Could this be a golden opportunity for silver investors?
    
    _________________
    If you don't trust GOLD,the only asset with a 6000 year track record, do you trust the logic of taking a $1,000 pine tree, cutting it up, turning it to pulp, putting some ink on it, and then calling it one billion $ dollars?
    
    
14. [verwijderd] 3 maart 2010 09:36

    auteur info

    • [verwijderd]

      Lid sinds: 01 jan 0001

      Laatste bezoek: 01 jan 0001

    • Aanbevelingen

      Ontvangen: 0

      Gegeven: 0

    •    Aantal posts: 0

    quote:

    D.N. schreef:

    [quote=ffff 10 sep 07, 12:34]
    Ik blijf me verbazen over die goudbelievers.
    
    Dit weekend hele verhalen in de media dat de goudprijs door de 700 dollar was gebroken. Tjonge jonge jonge, dat was toch wat!
    
    Maar dat goud doet toch niet zoveel, dacht ik bij mijzelf.
    
    En dan toch eens drie grafieken bekeken
    Op een jaar, want je moet ergens beginnen.
    
    Goud van 620 dollar naar 700 dollar. Het lijkt heel wat, zeg maar 13 procent
    
    Maar de dollar zakte van 1,25 naar 1,375, dus 10 procent.
    
    Met andere woorden: In gewone door de weekse EURO's boerde je drie porcent vooruit en als je natuurlijk ook de goudgrafieken IN EURO's kijkt klopt dat ook ongeveer.
    
    Kortom: Al die hysterische verhalen over goud.....
    
    Vroeger kreeg je bij de boerenleenbank ook drie procent over je geld. netzoveel als je afgelopen jaar op goud maakte.
    
    Peter
    [/quote]
    En hoe denk je er nu over ?
    
    Ik heb vanaf de aankoopdatum EURO-GOUD (dus goud gekocht- en uitgedrukt in euro's) t/m heden (nu 4 jaar) een jaargemiddelde van 14,83 % per jaar gemaakt (cumulatief dus bijna 60%) ... dat krijg je niet bij de Rabobank.
    
    Of zie je het gele metaal nog steeds niet zitten ?
    

    Fysieke goud en zilver voorraden op COMEX dalen alarmerend
    
    De belangrijkste goud en zilver futures markt (de COMEX) publiceert de voorraden goud en zilver in de COMEX magazijnen alleen dagelijks op haar website en stelt geen maandelijkse database beschikbaar van de leveringen van goud en zilver futures. Adrian Douglas heeft de laatste 6 maanden op basis van deze dagelijkse meldingen een eigen database gemaakt en de trends geanalyseerd om meer inzicht te verkrijgen in de ontwikkelingen van de fysieke voorraden goud en zilver van de COMEX. Hierbij is het belangrijk te weten dat wanneer iemand een future verkoopt (short) deze zich verplicht de future in de leveringsmaand fysiek te leveren aan de koper (long) tenzij de koper de future doorrolt naar een volgende maand of dat de future in geld wordt afgewikkelt. In de praktijk wordt slechts een klein deel van de futures fysiek afgeleverd (circa 2%) maar dit kan op korte termijn wijzigen. Aangezien de hoeveelheid van alle verkochte goud futures ongeveer gelijk staat aan circa 50.000 ton (ongeveer 25 maal de huidige jaarproductie van alle goudmijnen) is het duidelijk dat wanneer iedereen zijn goud zou laten leveren er een groot probleem ontstaat en de goudprijs zal exploderen aangezien deze hoeveelheid fysiek goud niet aanwezig is.
    
    De analyse van Adrian Douglas laat zien dat de fysieke voorraad goud in de COMEX magazijnen de laatste maanden 6 maanden met 41% is gedaald en in dit tempo zal het nog 8.5 maanden duren voordat de voorraad uitgeput is.
    
    Voor zilver geldt een vergelijkbaar beeld zij het iets minder dramatisch. De voorraad zilver is de laatste 6 maanden met 24% gedaald en zal in 18.8 maanden uitgeput zijn.
    
    De laatste maanden doen regelmatig geruchten de ronde dat het verkrijgen van grote hoeveelheden fysiek goud en zilver steeds moeilijker wordt. Zo stelt de Amerikaanse Munt de productie van Silver Eagles, Golden Eagles en Golden Buffalo's regelmatig uit en kan niet aan de volledige vraag voldoen. Ook op de OTC (over the counter) markt in London doen de fysieke leveringsproblemen zich voor en moeten de centrale banken met hun reservers bijspringen.
    
    Meer: blog.goudmarkt.nl/post/2010/02/26/Fys...
    

    Bijlage:
15. [verwijderd] 3 maart 2010 15:12

    auteur info

    • [verwijderd]

      Lid sinds: 01 jan 0001

      Laatste bezoek: 01 jan 0001

    • Aanbevelingen

      Ontvangen: 0

      Gegeven: 0

    •    Aantal posts: 0

    
    .........alarmerend ?............
    
    Howdy,
    
    Dat wordt al meer dan 20 jaar beweerd.
    
    >--:-)-->
16. [verwijderd] 3 maart 2010 16:13

    auteur info

    • [verwijderd]

      Lid sinds: 01 jan 0001

      Laatste bezoek: 01 jan 0001

    • Aanbevelingen

      Ontvangen: 0

      Gegeven: 0

    •    Aantal posts: 0

    Gold Hits Record High in Euros, Sterling
    Wednesday, March 03, 2010 - by Staff Report
    
    Gold rallied to a six-week high in dollar terms and hit record highs versus sterling and the euro on Tuesday, as uncertainty about Greece's debt and Britain's politics lifted demand for bullion as a hard asset. Euro-denominated gold hit a record high of 836.72 euros an ounce, up from 823.66 euros late on Monday, while gold priced in sterling touched a record 759.86 pounds an ounce, up from 744.85 pounds. "Gold denominated in euros has definitely outperformed the drop in euro-dollar by almost 1 percent in the last 10 days," said Mitsubishi Corp precious metals strategist Tom Kendall. "That does reflect some nervousness about stability of sovereign debt, and stability of the euro itself." – Reuters
    
    Dominant Social Theme: Don't look now ...
    
    Free-Market Analysis: We are not surprised that gold keeps climbing (silver too). We anticipated a powerful upwards push from money metals way back in 2001-2002 when it became clear that the business cycle had turned and that the 2000s would be a decade of increasing fiat-money chaos. Indeed it has been. We were not alone, of course. Plenty of free-market-oriented observers understood where the West's economy was headed at that juncture. Stock markets were flailing, gold and silver had reached a nadar and there was nowhere to go but up. From our point of view, it is not over yet.
    
    Austrian (free-market) economics make it easy, in a sense, to predict macro investment moves, and even the timing to a degree. Marry free-market economics to analysis of power elite dominant social themes and you pretty much have created a mechanism that allows you to interpret the world with some level of accuracy and comprehension. Simply understand that mercantilist central banks over-print fiat money causing a boom and then eventually a bust. If the bust is big enough, the affected economies will have a great deal of trouble recovering and gold and silver will rise commensurately as people will want to own something of real value and have internalized, once again, the worthlessness of fiat.
    
    Those in control of fiat money – government types and bankers (and the power elite behind them) – make endless PR attempts to discredit gold and silver. In fact, with others, we have expected more power elite pushback directly against rising money metals sooner. It may be the elite has so many challenges on its hands and is so distracted defending so many of its wavering promotions that it simply doesn't have the time or the bandwidth to deal on an institutional level with rising gold and silver prices. Or perhaps those prices simply haven't gone high enough.
    
    There ARE areas of pushback, nonetheless. The mainstream media remains determinedly lukewarm, at best, about precious metals, no matter the price. We couldn't help noticing the lengths that Reuters went to track down the author of an article on gold that claimed the Chinese are going to buy gold from the IMF. Now it is somewhat questionable whether the IMF is actually selling physical gold to all the countries that want to buy gold from it. And there are also questions as to WHY the IMF is selling gold now. But Reuters to our knowledge has never aggressively followed such story leads. Instead it provides us with these insights, excerpted below under the headline, "China buying IMF gold story unfounded: author."
    
    BEIJING (Reuters) - The author of an article that said China had confirmed it would buy 191.3 tons of gold from the International Monetary Fund said on Friday she didn't have official sources for her story. Nobody was available to comment on Friday at China's State Administration of Foreign Exchange, the arm of the central bank overseeing gold reserves.
    
    The unverified report helped push up gold prices by 1 percent on Thursday, though other commodities fell, under pressure from a stronger dollar. Traders cited the talk about China as a significant factor why gold prices clawed higher. China has not said anything officially about plans to buy the IMF gold, but there has been strong speculation because of China's $2 trillion reserves and its announcement last year that it had increased its gold holdings by 454 tons since 2003.
    
    Rough & Polished, a Moscow-based industry website, reported China had "confirmed its decision to acquire 191.3 tons of gold auctioned by the International Monetary Fund," which helped push prices up on Friday. Contacted by Reuters, the author of the Rough and Polished story, Nadezhda Shagrova, who works as a tour guide and journalist in Shanghai, said she did not have any official information to back up her story.
    
    "The source for the story? Well, that's been written about in lots of places. I mean, Xinhua news agency wrote about that and other official Chinese sources, lots of them. Why are you asking?"
    
    We're not sure from Shagrova's comments what to make of the Reuters headline. If Shagrova was relaying reports on the potential for an IMF/gold purchase from China's official Xinhua news agency, well that sounds fairly official to us. But Reuter's zeal to "get it right" in the narrowest sense is par for the course as concerns Western journalism these days when it comes to reporting on gold and silver. Every day, in fact, Reuters reports in excruciating detail on the prices of gold and silver in various currencies. But the reporting is entirely linear. You will almost never stumble on a "big picture" analysis of the gold and silver market from major Western media.
    
    The more in-depth articles on gold and silver – the ones that do get written – may treat the price spikes as aberrant and bound to subside over time. These sorts of articles were more prevalent in the mid-2000s as we recall. Nowadays, articles also tend to lump gold and silver with other commodities, treating prices rises as part of a general upward trend in the prices. We wait for more substantive reporting in vain. We would be most interested in article from Reuters explaining how gold and silver could outperform virtually all other assets over the past decade or so - and why that has not received more attention (certainly compared to equity coverage).
    
    Conclusion: We don't really expect Reuters or other major media to change their coverage as regards precious metals. But the mainstream is missing one of the biggest stories of the early 21st century in our opinion. There is still time to get on board from a journalistic standpoint. The trend toward higher gold and silver prices continues in our opinion because the fundamentals have not changed. You would think this would be obvious by now. But because it is not, readers interested in gold and silver will continue to turn alternative electronic media for the "bigger picture."
    
    If you don't trust GOLD,the only asset with a 6000 year track record, do you trust the logic of taking a $1,000 pine tree, cutting it up, turning it to pulp, putting some ink on it, and then calling it one billion $ dollars?
    
    
17. [verwijderd] 5 maart 2010 09:24

    auteur info

    • [verwijderd]

      Lid sinds: 01 jan 0001

      Laatste bezoek: 01 jan 0001

    • Aanbevelingen

      Ontvangen: 0

      Gegeven: 0

    •    Aantal posts: 0

    Gold grab underway
    By The Mogambo Guru
    
    Adrian Douglas of MarketForceAnalysis.com took a look at a summary of the goings-on at the Comex, the division of the New York Mercantile Exchange where folk trade gold, silver and copper, and commented that "the data reveals a very shocking trend. That is that the registered [dealer] inventory is being drawn down at a phenomenal rate. In silver the inventory has dropped by 24% in 6 months while in gold it has dropped an eye-popping 41% in 6 months!"
    
    Already my eyes are glazing over at the sudden overload of information, most of which I know nothing about, but know that I should, and feel uneasy that I don't, and guilty that I don't even want to because it involves work and initiative, or, in this case, listening to the equivalent of, "blah blah blah silver and gold are going to go to the moon not only because the Fabulous Mogambo has thus foretold it, and the Austrian school of economics has
    explained it, but that blah blah blah at the Comex warehouses" and then I end up getting most of it wrong anyway and I look like an idiot.
    
    So, already reeling in confusion, I was thus rendered almost comatose when he relentlessly went on, "The withdrawal-to-deposit ratio for registered silver is 14:1 and in gold it is 5:1" and which, again, is meaningless to me because I am, as I already admitted, ignorant and lazy, which is a crushing handicap, now that we are talking about it, that should enable you to qualify for a Handicapped Parking sticker for your damned car so that you can get some of those terrific Handicapped-Only parking spots, right up front, wherever you go, but the application for which can be rejected by a snotty clerk, out of hand, on her personal say-so, although she volunteered that my "abrasive, demanding, incoherent and repellent personality is a real handicap, too, but there is no sticker for that, either."
    
    As I fell asleep, eager to again escape reality and responsibility, I began dreaming of some snappy comebacks I could have said to the Handicapped Sticker lady, like, "Well, I assume that there is a Handicapped Sticker for anyone who is mentally handicapped, and I can tell by looking at your stupid Department of Motor Vehicles face that you are not buying gold, silver and oil to protect yourself against the government's massive deficit-spending and the Federal Reserve's creation of all the new money and credit that will be necessary to soak it up, which is really stupid of you! Hahahaha!"
    
    I really like it when the dream gets to the stage where some hot young honeys make their appearance, stage left or stage right, it makes no difference to me, but we never got there because apparently the sound of my snoring made Mr Douglas aware that he is talking "over the head" of the biggest dullard in the crowd, which violates the politically correct stance on "inclusion" and "diversity" of persons such as me.
    
    So, quickly remedying the situation, he explains that this means that "If this rate of drawdown continues, the registered inventory of silver will be exhausted in 18.8 months and in just 8.5 months for gold!"
    
    And before there is any mistake made by the casual reader, that concluding exclamation point in the previous sentence was his, not mine, although it was totally unnecessary, as I was already freaked out at the implications!
    
    Thus, I was ready to race home and frantically root around in my wife's purse for some extra money, so that I could buy some more gold and silver, when I was transfixed to the spot when he went on that he estimates "as much as 50,000 tonnes of gold has been sold that does not exist. That is equivalent to all the gold reserves in the world that are yet to be mined, or put another way, 25 years of gold production."
    
    I was ready to edit his remarks to put an exclamation point at the end, as it certainly deserves one, but before I could do it, he followed up with, "That is the grand-daddy of all short positions!", which had an exclamation point, and so I let it go at that, and saved myself a lot of work that will - I guarantee! - show up in the narrative section of my Productivity Report, which is coming due pretty soon, and which is always pretty disagreeable.
    
    But I will get through this new assault by "higher-ups in the executive food chain" with Classic Mogambo Equanimity (CME), as I always do, and I would probably have gone completely Mogambo Freaking Nuts (MFN) a hundred times before this if I hadn't always remembered, sometimes at the last minute, that I own gold, silver and oil, whereas these gold-less, silver-less and oil-less bozos are questioning my ability ("I think you are too stupid!"), my competence ("You seem to have no idea what you are doing!") or my sanity ("I think you are insane!"), while never even mentioning my numerous off-setting good qualities, such as my twinkling blue eyes or the fact that none of my employees or former customers have a Restraining Order on me that is still in force.
    
    If you are even half as smart as I think you are, then you get the obvious message, which is to buy gold, silver and oil.
    
    Some of you, on the other hand, also got the more subtle message that a long list of miscellaneous people are all going to be very, very upset and angry at the horrifying inflation in prices that is inescapably coming, due to this massive expansion of the money supply by the Federal Reserve to pay for the unbelievable tons of money the US Congress is deficit-spending, and you had better take your gold, silver and oil into a bunker of some sort and arm yourself to the teeth because it is going to get Very, Very Ugly (VVU), and you will want the options of buying your way out or shooting your way out.
    
    On the other hand, if you do not buy gold, silver and oil, then, as they say, "the angels will weep for you".
    
    I, personally, will laugh at you. It will sound sort of like this: "Hahahaha! Moron!"
    
    Richard Daughty is general partner and COO for Smith Consultant Group, serving the financial and medical communities, and the editor of The Mogambo Guru economic newsletter - an avocational exercise to heap disrespect on those who desperately deserve it.
    
    If you don't trust GOLD,the only asset with a 6000 year track record, do you trust the logic of taking a $1,000 pine tree, cutting it up, turning it to pulp, putting some ink on it, and then calling it one billion $ dollars?
    
    
18. [verwijderd] 8 maart 2010 09:59

    auteur info

    • [verwijderd]

      Lid sinds: 01 jan 0001

      Laatste bezoek: 01 jan 0001

    • Aanbevelingen

      Ontvangen: 0

      Gegeven: 0

    •    Aantal posts: 0

    Gold: Best Asset of the 2000s Monday, March 08, 2010
    - by Staff Report
    
    Gold has proved to be the best value investment over the last 10 years, new research has disclosed. The price of the precious metal rose 277 per cent during the past decade, with investors particularly attracted to gold during the recession as they sought a safe haven for their money. Overall, gold, silver and platinum increased in value by 242 percent between December 1999 and December 2009, the equivalent of an average annual return of 13.1 percent. The price of gold soared during the recession as investors sought a safe haven for their money. Despite the slump in the housing market in the past two years, property has produced the second highest return after precious metals during the past decade of 187 percent or 11.1 percent a year, according to the findings by Halifax. Shares saw an average return of just 18 percent over the decade, while cash returned 57 percent. It comes despite savers seeing their rates of return plummet to record lows after the Bank of England cut interest rates to just 0.5 percent a year ago. Suren Thiru, an economist at Halifax, said: "Precious metals were the top performing asset during the noughties, largely reflecting increased demand from China and India for industrial uses and jewelry." – UK Telegraph
    
    Dominant Social Theme: We are puzzled and perplexed, but no doubt things will soon get better.
    
    Free-Market Analysis: It is really is unfair in our view how the mainstream media misleads so many people when it comes to investing. As financial journalists throughout the 1990s we heard over and over from the planning and brokerage establishment that gold and silver were purchases for up to maybe five percent of one's investments as a so-called "safe haven" but no more. This was the standard line - and many in the US and Canada where financial planning is most advanced may not even have recommended this much to clients.
    
    To us there was little debate. We could see what was coming even in 2001 when gold was around US$250. Some of us aggressively acted on our beliefs. In aggregate we had lived through the 1970s and the fundamentals were much the same and only increased when George Bush began his string of serial wars. Yet the financial planning community in the West didn't seem to see it. Advisers continued to recommend REITS, mutual funds, individual stocks and bonds instead of gold and silver. To us it was absolutely obvious - and to many others as well - that the 2000s were a repeat of the 1990s, only a cycle that would probably stretch longer, probably until 2015.
    
    In fact, what we failed to understand was just how bad this cycle really is. The 1970s were bad but salvageable. We are not sure Western fiat money is salvageable this time around. It is truly remarkable to watch. Western countries have been so distorted by fiat money printing that there is likely not one industry, one entrepreneur, one government service wholly untouched by mal-investments. That's what mercantilist (public/private) fiat money does over time. It distorts every thing it touches until society has become so inefficient that it can hardly function anymore.
    
    So what do the powers-that-be do? They sure don't tell the truth. Apparently in a bad enough crisis they double down. They print MORE worthless money, fueling the distortions and propping them up if they can. The idea is to spread the pain over time, someone explained to us recently, thus avoiding outright rebellion. But we wonder how effective this strategy will be this time round. There are still bubbles aplenty.
    
    The biggest bubble of all, of course, is the banking bubble because that is the way that fiat money is distributed. No matter how many businesses go out of business, commercial banking especially gets bigger and bigger around the world. The end result would be a handful of big banks and nothing else if trees grew to the sky, but they do not. The irreducible reality of the Invisible Hand chops them down. But no one in the mainstream media will tell you that. Not even the "best" papers.
    
    Just look what the Telegraph article reports: "Precious metals were the top performing asset during the noughties, largely reflecting increased demand from China and India for industrial uses and jewelry." This simply isn't true. Honest money – Gold and silver – went up because central banks had printed too much worthless paper money, distorting the Western economy so no one knew - or knows - what companies are good investments, what products are practical (versus overproduced) and what governments are yet solvent. No one knows anything in fact (and still!) except that gold and silver hold their value and continue to rise because of it. The relative pricing has nothing to do with jewelry and everything to do with fiat money distortion.
    
    It is truly a shame that people are misled by the Western mainstream media and governments into thinking private/public fiat money is viable over the long-term. It is not. But another problem is that the money system we have now is so entrenched and so promoted that it does not seem the truth can be otherwise. All the big magazines report on fiat money still and "problems" are only mentioned in the context of a system that still works.
    
    Explaining to the uninitiated what is going on is a big job indeed. We call it "dreamtime." One has to realize that every aspect of Western society has been corrupted by mercantilist central banking and its fiat money over the past 100 years. Almost nothing is real. The great banking edifices, the vast governmental bureaucracies, the sprawling militaries and global corporations - none of these would look like they do without the current imploding money system. It would be an entirely different world. It would be far more equitable as well from our point of view, far less conflict-ridden and full of real human progress instead of phony solutions to the endlessly promoted lies of the power elite's dominant social themes.
    
    Conclusion: Only in retrospect, probably, will we see a spate of articles declaring gold and silver's best-investment status over the past decade. We certainly didn't see these articles DURING the decade. And likely they will soon vanish once again, even if gold and silver continue to rise, as we believe they will. No, we will continue to be exposed to a vast wave of promotional propaganda proclaiming that the tottering fiat money system is "turning around" and "recovery is underway." But this time round the Internet, coupled with the real financial pain that people are feeling, may prove enough to bring about significant change. History seems to tell us so. We may be living through a pivotal time and Chinese jewelry demand has nothing to do with it at all.
    _________________
    If you don't trust GOLD,the only asset with a 6000 year track record, do you trust the logic of taking a $1,000 pine tree, cutting it up, turning it to pulp, putting some ink on it, and then calling it one billion $ dollars?
    
    
19. [verwijderd] 10 maart 2010 13:44

    auteur info

    • [verwijderd]

      Lid sinds: 01 jan 0001

      Laatste bezoek: 01 jan 0001

    • Aanbevelingen

      Ontvangen: 0

      Gegeven: 0

    •    Aantal posts: 0

    Rob McEwen sticks with $2 000/oz gold by year-end
    By: Liezel Hill Published: 9th March 2010
    
    TORONTO (miningweekly.com) – Goldcorp founder Rob McEwen is standing by his forecast that the price of gold will reach $2 000/oz by the end of 2010, he said on Monday.
    
    While it may still seem a stretch from current levels of around $1 135/oz, it should be noted that McEwen has been making the prediction since at least March 2006. At that time, prices for the yellow metal had not topped $600/oz since January 1980.
    
    “I have been saying for over five years: by the end of this year, we will be at $2 000 and, when the game is over for gold, it will be over $5 000 an ounce,” he said in an interview on the sidelines of the Prospectors and Developers Association of Canada's annual convention.
    
    McEwen is the former CEO of Goldcorp, the second-biggest gold miner by market value, and is currently CEO of US Gold, Minera Andes and Lexam Explorations.
    
    US Gold is exploring for precious metals in Nevada and Mexico, and has found what it could be a significant silver discovery, the El Gallo project, in Mexico's Sinaloa state.
    
    The firm should have its first resource estimate on El Gallo by midyear, and expects to complete a prefeasibility study by the end of 2010, McEwen said.
    
    BIGGER, BUT NOT BETTER?
    
    There has been a lot of chatter at this year's PDAC event about looming merger and acquisition activity, with Pricewaterhouse Coopers calling for a “blockbuster year" in mining merger and acquisition as cash-flush companies seek to add to their resources and production.
    
    But McEwen cautioned that acquisitions are no good unless they result in an increased share value.
    
    “The real danger most companies face is an investment banker comes along and says you can get this much bigger if you take over that company and everybody thinks: 'well, I'll get all this press, and maybe I'll get a bigger salary'.
    
    “And the shareholder is sitting there saying, 'what am I going to get?'.”
    
    If the transaction does not result in an increase in the share price, the executive of that company should not do it, he asserted.
    
    “When you are in the position of being a shareholder, you are looking at it and saying, “I want a higher share price - I didn't buy it to have a company with a bigger top line and a lower share price,” McEwen continued.
    
    “That isn't why I invest. I don't want any part of a bigger story if it means less for me.”
    
    GETTING CROWDED
    
    The higher gold price will likely mean a lot more marginal projects finding their way through the system, and the junior space is going to become even more confusing for investors, McEwen said on Monday.
    
    “Because there are going to be that many more companies out there, all saying the same thing.
    
    “Walk around [the PDAC convention trade show], put a paper bag over your head, stop in front of any booth and you will hear exactly the same story,” he commented.
    
    “They're exploration stories, they're all dreams, people are passionate about them.
    
    "Some will work. Some won't."
    
    The junior market does represent the best place to get the biggest lift on investors' dollar, he added.
    
    “But you have to be a little more educated about your stories, and you have to recognise there is risk.”
    
    If you don't trust GOLD,the only asset with a 6000 year track record, do you trust the logic of taking a $1,000 pine tree, cutting it up, turning it to pulp, putting some ink on it, and then calling it one billion $ dollars?
    
    
20. [verwijderd] 11 maart 2010 04:58

    auteur info

    • [verwijderd]

      Lid sinds: 01 jan 0001

      Laatste bezoek: 01 jan 0001

    • Aanbevelingen

      Ontvangen: 0

      Gegeven: 0

    •    Aantal posts: 0

    Howdy,
    
    Gelezen op 'n buitenlands forum (auteur BWP, alias Pascal):
    
    ............."gold's gettin' peeled like an onion ....
    
    ... won't be long before the snot-nosed girlymen gold sissies start wailin' .... get it over wif already ..........."
    
    Ouch !
    
    >--:-)-->