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Goud en zilver Rockin & Rollin

1. [verwijderd] 3 februari 2006 13:23

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   Make Money on Gold in '06 Even If It Goes Down
   by Steve Sjuggerud, PhD Editor, Daily Wealth
   February 2, 2006
   
   At DailyWealth, we think gold at $570 is still cheap in the long run.
   
   We’re not so sure about oil…
   
   Oil has had a tremendous run, rising 225% in the last four years. Compared to gold’s 120% rise in the same time period, oil has become expensive in terms of how many barrels of oil it takes to takes to buy an ounce of gold.
   
   As you can see from our chart of the gold/oil ratio, the relationship between gold and oil is at an extreme for its entire history. Now, it only takes about eight and three-quarters barrels of oil to buy one ounce of gold, versus a historical median of about 14. (In the nineties, it took 15 – 20 barrels of oil to buy one ounce of gold.)
   
   
   
   The most amazing part is, every time in history that this ratio dipped below 10, you would have made money buying gold and shorting oil. Gold’s outperformance in relation to oil once we reach these extremes has always been stunning… either oil crashes or gold soars.
   
   The same happens at the opposite extreme as well... When an ounce of gold “costs” more than 18 barrels of oil to buy, gold then turns into a horrible underperformer.
   
   So what can you do with this knowledge?
   
   The most direct trade is to head for the commodities exchanges and go “short oil, long gold.”
   
   That might work… but it might not, as sometimes it takes a while for the ratio to come back in line. You could get burned in commodities by trying to hang onto this trade.
   
   Another option is to simply buy shares in just one company…
   
   A large gold miner like Newmont (NEM) or Goldcorp (GG) gives the investor an easy way to make a short oil/long gold trade.
   
   Since fuel and energy costs make up such a large portion of a gold miner's extraction costs (around 20%), a year of falling oil prices and rising gold prices would mean much higher profits for these companies.
   
   Owning a mining company like Newmont gives you a way to profit from what could be a big year for gold in 2006. This trade also gives you “wealth insurance,” as gold is a good hedge against war, terrorist attacks, and natural disasters.
   
   So if gold goes up, you make money in gold stocks. If gold is flat, but oil goes down, you make money in gold stocks. And if gold goes down, but oil goes down a lot more, you can still make money in gold stocks.
   
   The way you can lose on this trade is if oil soars and gold falls.
   
   That’s a bet we’re willing to take.
   
   Good investing,
   
   Steve
   
   
2. [verwijderd] 5 februari 2006 12:30

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   Broker Cheuvreux Ponders $2,000/oz Gold
   Dorothy Kosich '05-FEB-06 07:00'
   
   RENO--(Mineweb.com) In a January 30th sector report, the Parisian international security broker Credit Agricole Cheuvreux raised its mid-cycle gold price estimate from $750/oz to $900/oz, suggesting the possibility gold could climb to $2,000 an ounce and higher.
   
   Meanwhile, London-based Cheuvreux Investment Analyst Paul Mylchreest rated Anglo American as "Outperform," and increased its stock target price 15.9%. However, he warned, "Anglo American is vulnerable to takeover with its financial performance lagging that of its peers and management reversing the diversification strategy of recent years."
   
   Anglo American was given a positive rating by Cheuvreux because of its unique exposure to the precious metals and diamonds sectors among the large European-based miners; the restructuring program scheduled during this year; a more aggressive policy on returning surplus capital to shareholders; and its vulnerability to takeover.
   
   Mylchreest claimed that "covert selling (via central bank lending) of gold has artificially depressed the price for about a decade, but Bank for International Settlements' data on gold derivatives suggests its impact in on the wan. ...Our $900/oz mid-cycle estimate takes into account the long-term average ratios between the gold price and the prices of oil and the Dow Jones Industrial average."
   
   Mylchreest declared that "we also see the possibility of a spike to $2,000 or higher, if the story on diminished central bank gold reserves becomes widely accepted, if central banks in countries with large US dollar holdings compete to buy gold and diversify forex reserves away from dollars, and if the U.S. economy slides into either high rates of inflation or deflation."
   
   He estimated that central banks have loaned out between a third and a half of their reported gold reserves or 10,000-15,000 tonnes of gold. The short position between the central bank and the billion bank "is the foundation for the gold derivatives market which grew rapidly in the 1990s and currently has a notional value of c.USD300bn. Non-gold producers account for the majority of the short position and may not be able to cover their shorts without causing a spike in the gold price," Mylchreest suggested.
   
   Meanwhile, Mylchreest asserted that "despite official denials, there is much evidence to back the gold price suppression claims" made by the Gold Anti-Trust Action Committee (GATA), adding that "support for GATA has come from senior Russians officials."
   
   "We estimated that there is a substantial supply deficit in the gold market of around 1,300 tonnes p.a. before any central bank selling and perhaps 700 tonnes p.a. after the publicly announced sales, but before covert selling," Mylchreest said. "This compared with world gold mine output of only 2,500 p.a."
   
   Any quick fix to this deficit is not possible since central bank gold reserves are finite and the lead time on new mining projects is seven to 10 years, he asserted. Meanwhile, Mylchreest suggested "there is no way that the market can accommodate renewed buying by central banks like Russia."
   
   Mylchreest said the gold price acts as a early warning of potential crisis, such as rising inflationary/deflationary pressures and general confidence in paper currency, particularly the U.S. dollar. "The U.S. economy will walk a fine line between inflation (possibly hyperinflation) and a deflationary slump in the next few years. In the short term, we see further reinflation with continuing asset inflation as slightly more likely," he suggested. "Even if the U.S. economy somehow muddles through, the short position in gold, central bank buying and low real yields will support the gold price."
   
   "Gold and precious metals are the only asset class that should perform well in either an inflationary or deflationary scenario," Mylchreest declared.
   
   Mylchreest predicted that "gold and gold mining stocks are posed for an unprecedented rise in prices and profile. Investors in European and UK equities need to assess the implications for their portfolios." Nevertheless, he added, the combined market capitalization of the 10 largest gold stocks on world stock markets is equivalent to only 30% and 40% of the market capitalizations of GE and BP respectively.
   
3. [verwijderd] 6 februari 2006 09:43

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   Gold's Next Resistance Levels
   goldmoney.com/en/commentary.php#current
   
   Gold closed in New York this past Friday at $567.40. The day before it closed at $572.50, which was one of a string of new 25-year highs achieved by gold in recent weeks.
   
   Gold has now closed above $500 each day since December 22nd. What's more, it has closed above $500 in 42 of the last 44 trading days. In short, it seems safe to conclude that gold has 'blown through' $500, a level which had provided resistance for twenty-five years.
   
   The $500 area will now provide support for gold should there be any downside reaction to test underlying buying demand. But I do not expect any test of support to develop at this time because there is a lot of money waiting on the sidelines to buy gold. In addition to this potential buying power, another factor needs to be considered here.
   
   A lot of people are short gold, which is explained in a new report released this past week by Cheuvreux, the equity brokerage house subsidiary of Credit Agricole, the huge French bank. This report is going to be a big factor in the gold market for months to come because of the report's conclusions and also because of Cheuvreux's leading position - it has some of Europe's top analysts and is highly respected globally for its research.
   
   This report validates work done by various analysts that has been published by GATA (see www.GATA.org). Some of my past analytical work is mentioned in the Cheuvreux report.
   
   Note that the report's executive summary says:
   
   "We are raising our mid-cycle gold price estimate to USD 900/oz from USD 750/oz and see the possibility of a spike to USD 2,000, or higher. Covert selling (via central bank lending) has artificially depressed the price for a decade.
   
   Central banks have 10,000-15,000 tonnes of gold less than their officially reported reserves of 31,000. This gold has been lent to bullion banks and their counterparties and has already been sold for jewelry, etc. Non-gold producers account for most and may be unable to cover shorts without causing a spike in the gold price."
   
   The above two paragraphs clearly explain why there is a huge short position in gold. It is this reality described in these two paragraphs that has been driving gold higher the past several weeks. It is probably safe to conclude that a short squeeze has already started, given the way gold has been trading in recent weeks.
   
   More importantly, as the market begins to understand the dynamics at work here - i.e., that the gold price has been "artificially depressed" for years by central bank lending - people will be taking a fresh look at gold and buy it because they will see that gold is still relatively cheap and undervalued. This new buying will put more pressure on the shorts. Consequently, the probability remains high that a significant short squeeze in gold will develop in the weeks ahead.
   
   One last point. A short squeeze in gold is very much like a short squeeze in a company's stock. The only way the shorts can cover is to buy shares back from people who hold them - new shares are not going to be issued just to bail out the shorts from their losing position. It's the same thing in gold. The only way the shorts can cover is to buy gold. Gold cannot be created out of thin air to get the shorts out of their predicament. The shorts have to go into the market to buy physical metal. And they are indeed doing that as evidenced by the surge in London Bullion Market Association clearing volumes. There is now a good possibility that the gold price will explode as well. Short squeezes cause prices to 'spike'.
   
   Given the above, let's look at where gold's next resistance levels are likely to be. These are presented on the following chart.
   
   This chart shows that resistance levels 1, 2 and 3 are behind us. Level #4 comes in at $715. That resistance level is followed by #5, which is the all-time record high closing price of $825. After that there is no historical resistance level, though one could reasonably expect that a 4-digit gold price may provide some resistance, if for no other reason than the psychological impact likely to arise from $1,000 gold.
   
   But please remember the key point of this analysis. Gold is not rising; instead, the dollar is falling, which is made clear by the following chart.
   
   Gold still purchases basically the same amount of crude oil that it has purchased at any time since the end of World War II. But a 2006-dollar purchases only 1.8% of the amount of crude oil that a 1945-dollar purchased. Any guesses as to how much crude oil a 2007-dollar or 2008-dollar will purchase?
   
   I ask this question to focus attention on the main point of this alert. Gold may spike upward in the near-term because of the short squeeze that appears to be gaining momentum, but if this spike occurs, don't lose sight of the big picture. Namely, gold's purchasing power is consistent over the long-term, while the only consistency offered by the dollar is the ongoing debasement from inflation that erodes its purchasing power.
   
   ___________________________________________
   
   Published by GoldMoney
   Copyright © 2006. All rights reserved.
   Edited by James Turk, alert@goldmoney.com
   
4. [verwijderd] 7 februari 2006 07:40

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   Bema, Coeur D'Alene, and Royal Gold replace Placer Dome in XAU
   
   Philadelphia Stock Exchange Press Release
   Monday, February 6, 2006
   
   www.phlx.com/news/pr2006/06pr020606a.htm
   
   The Philadelphia Stock Exchange (PHLX) announced today changes to
   the PHLX Gold / Silver Sector Index (XAU) effective before the open
   of business on Thursday, Feb. 9, 2006.
   
   Bema Gold Corp. (BGO), Coeur D'Alene Mines Corp. (CDE), Randgold
   Resources Ltd. (GOLD), and Royal Gold Inc. (RGLD) will be added
   while Placer Dome Inc. (PDG) will be deleted.
   
   "XAU is the most actively traded gold and silver index for retail
   and institutional investors in the marketplace today as well as the
   seventh most traded index option in the United States during 2005.
   Today's changes reflect a growing trend by gold and silver mining
   companies to allocate resources to properties for rehabilitation and
   full-scale exploration," said Daniel R. Carrigan, PHLX's vice
   president of new product development. "The new components reflect
   leadership changes in the gold and silver industry on a geographic
   basis with penetration in Russia, Australia, South America, and
   Eastern Europe," Carrigan added.
   
   The Philadelphia Stock Exchange was founded in 1790. The PHLX trades
   2,000 stocks, 1,926 equity ptions, 21 sectors index options and
   currency options and futures. For more information about the PHLX
   and its products, visit www.phlx.com.
   
   
5. [verwijderd] 8 februari 2006 08:01

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   Gold Watch: A healthy decline? By Jon Nones
   07 Feb 2006 at 02:58 PM
   
   Gold for April delivery fell to a low of $553.70 an ounce, its lowest intraday level since Jan. 19, before closing at $554.80, down $19.50, or 3.4%.
   
   Trading sources told Reuters metals prices had entered overbought territory with their recent gains and were ripe for a sharp correction lower.
   
   "You are getting a bit of index-based and stop-loss selling," said James Quinn, AG Edwards & Sons commodity commentator at the exchange floor.
   
   "We're now testing support at $560 to $563 an ounce in gold, and you could see it wash out even more," Quinn said.
   
   "We remain bullish long term, but are tightening stops (stop-loss sell orders) dramatically," said Greg Weldon, publisher of the Metal Monitor, adding that gold could even correct to as low as the $540 mark.
   
   Simple profit-taking has knocked gold and sharply lower, according to Dow Jones Market Talk.
   
   "The market was having trouble advancing. People seemed reluctant to buy those 25-year highs (in gold)," said Frank Lesh, analyst with Rand Financial Services.
   
   "Here [the dollar] is up at 90 [on the Nybot dollar index], and I don't think a lot of people expected this," Lesh said. "That might be another influence - the dollar holding up at these highs."
   
   But according to MarketWatch, most analysts still see the weakness as only a temporary setback.
   
   This period of consolidation is "ultimately good for the long-term movement of gold," he said. The fact that "gold has remained near its highs in the midst of profit taking is a testament to the strength of this bull market."
   
   Indeed, "There is huge demand out there at the lower levels still, with the funds holding, but prepared to sell on the fall - that's what consolidation is about," said Julian Phillips, an analyst at online resource GoldForecaster.com. "The resolution of these pressures can only make a market healthy."
   
   "The uncertainty surrounding the situation with Iran and their nuclear program has brought an added degree of volatility into the gold market," said Emanuel Balarie, senior market strategist at Wisdom Financial.
   
   Overall, "the fundamentals are still favoring a continued move on the upside," Balarie said.
   
   According to James Moore of TheBullionDesk.com, quoted in Business Day, this could be just what the market needed.
   
   “It might even be a calm before the storm. I think we are going to see some further tests higher this week,” said Moore.
   
   “The market is going to remain in a bullish trend and we will continue on towards the $600 (an ounce) level, probably over the course of the year,” he said.
   
   March copper closed down 5.2 cents at $2.278. March silver fell 34.8 cents, or 3.6%, to finish around a two-week low of $9.41 an ounce. April platinum lost $14.50 to close at $1,061.70 an ounce, and sister metal palladium saw its March contract drop $23.60, or 7.5%, to end at a one-week low of $289.20 an ounce.
   
   
6. [verwijderd] 9 februari 2006 10:27

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   MIDAS GOLD ALERT
   
   What is happening during the early trading hours in Asia
   is unprecedented. Gold has been up as much as $8 and change
   ... and is now up $6.80. The first day after the surprise Washington Agreement on September 26, 1999 gold was up
   only $7. That agreement caused chaos in the gold market in
   the next two weeks as gold rallied $84 an ounce. Bank of
   England Governor Eddie George later stated that they "were looking into the abyss."
   
   The Gold Cartel rallied their forces and sent gold right
   back down to its lows.
   
   The difference between now and then is the bums have GONE
   THROUGH their available central bank gold in order to
   accomplish what they did back in those days.
   
   I won't jinx tonight's spectacular gold price reversal.
   Anything can happen between this evening in Asia and
   tomorrow on the Comex. HOWEVER, this stunning price surge suggests this move is PANIC short-covering by The Gold
   Cartel and their allies. They had hoped to create a gold
   debacle with their raid on Tuesday and it didn't work.
   They know it. GATA knows it.
   
   Gold Rush 21 did the Gold Cartel in because of the Russian presence at our historic gold conference in Dawson City.
   The www.GoldRush21.com DVD makes that VERY clear. If you
   have not watched it, I suggest you do so immediately!
   
   The latest Credit Agricole/Cheuvreux gold report was the
   cabal's death knell as it confirmed what the speakers at our
   conference laid out. This report is circulating at the
   highest government and financial market levels around the
   world. The Gold Cartel understands this, and therefore
   staged a desperate attack on gold yesterday in order to influence fund selling so they cover their huge shorts
   as best they could.
   
   The RAID failed and they are presently scrambling. YES,
   they can call for reinforcements tomorrow. That will
   only bide them time. The Gold Cartel is DOOMED. The
   price of gold is going to soar to $2,000 per ounce and
   well beyond.
   
   If you have not been paying attention to the MIDAS
   commentary the past many months, or years, it is time
   to check back in before you miss THE historic investment opportunity of a lifetime.
   
   MIDAS
7. [verwijderd] 9 februari 2006 11:04

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   Beste Gung Ho,
   Het is me opgevallen dat de lease rates voor zilver de laatste dagen scherp zijn opgelopen voor zovel de 1,3,6 en 12 maands tarieven. (meer dan verdubbeling b.v. van 2 naar ruim 4 pct voor 12 maands tarief binnen enkele dagen).
   Kan ik hieruit de conclusie trekken (ook gezien het bovenstaande artikel van Midas over goud) dat er grote partijen aan het werk zijn die zilver proberen te lenen, om te kunnen verkopen om de prijs te drukken?
   En kan ik dan concluderen door het oplopen van deze lease rates dat het aanbod om zilver te leasen beperkt is?
   En dat de voorraden bij de banken al eerder uitgeleased zijn, en dat het nog maar de vraag is
   hoe en wanneer dat zilver wordt teruggegeven?
   Zou het ook kunnen zijn dat relatief veel leasecontracten rond deze tijd expireren, en dat er daarom veel vraag is naar nieuwe leasecontacten omdat dat misschien wel de enige(de goedkoopste)
   manier is om die contracten/verplichtingen af te lossen.
   Ik ben zeer benieuwd wat jij hiervan vindt?
   Met vriendelijke groet,
   brj
8. [verwijderd] 10 februari 2006 15:13

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   Beste Brj,
   
   Ik deel je conclusies mbt de silvers leases, het blijft natuurlijk altijd wel speculeren natuurlijk maar er is duidelijk wat aan de hand. De supply van fysiek zilver is beperkt en de Comexvoorraad is absoluut niet zaligmakend daar custody silver ook nog eens wordt bijgeteld en het dus bijzonder moeilijk is vast te stellen wat de feitelijke voorrad is die beschikbaar is voor Fysiek uitlevering. De grootgebruikers zijn waarschijnlijk daarom niet voor niets zo bang voor een Zilver ETF die de prijs va zilver aanzienlijk kan doen gaan stijgen daar men de de hoeveelheid wel fysiek dient te bezitten. We zullen zien. Succes
   GH
   
   Gold fell $21 an ounce on Tuesday only to bounce back $13 on Thursday. I was quite happy when the gold price fell on Tuesday, thinking about all the stocks that were declining in price. During a bull market such downturns are profitable opportunities to snap up more shares of your favorite companies. That decline in the gold price was short lived and Thursday's bounce suggests that this week's opportunity had come and gone. But, as I have been saying for a while, gold price volatility is going to increase. I expect to see larger one-day, one-week and one-month changes in the gold price than we have seen to date -- both up and down.
   
   I received an email this week from a subscriber quoting a prominent banker who suggested that the gold price would decline to around $350 an ounce in the medium term. The subscriber wondered how to reconcile that with the claims of pundits who say gold is going to $1,000 or more. That is a good question.
   
   I would pay more attention to the reasoning behind the forecast than to the number itself. Does the reasoning make sense? How does it fit in with my paradigm and opinion of what is going on? Does it present a new idea I did not think of?
   
   No one can predict the future, and no economic model comes with a money-back guarantee. In the case of the gold market, you have to decide whether you believe gold is going up or down and be comfortable with your knowledge of why. It then becomes your opinion, not somebody else's, and your responsibility if you act (or fail to act) on your opinion. With time and exposure to new data and ideas, opinions (hopefully) evolve and may of course change, but they remain your own.
   
   If you believe, for whatever reason, that the gold price is going higher in the medium to long term, and then the gold price declines, you can either sit back and wait for the price to resume its upwards course or you can average down the cost basis of your investments. If you believe that the gold price is ultimately going to $1,000 an ounce, does it matter if it declines from $570 an ounce to $450 an ounce?
   
   Of course, if you are not convinced that gold is going to $1,000 then you might panic and sell your gold investments during a downturn, not only potentially taking a loss but also eliminating the possibility of gains should the gold price recover and ultimately reach your target.
   
   On the other hand, if you believe that the gold price will not reach $1,000 an ounce and see the gold price rally like it has, then you may be inclined to take profits, or even sell short.
   
   There are both bulls and bears out there, and as the gold price increases (or decreases) their numbers grow and their conviction grows. That is the fundamental reason why volatility increases.
   I believe the gold price is going higher and therefore I am not alarmed when the price falls. Instead, I view it as an opportunity. But that does not mean you should. Nor does it mean the gold price will rise. What it does mean is that if the gold price falls dramatically and I lose a whole bunch of money I have only myself to blame.
   
   Paul van Eeden
   
9. [verwijderd] 10 februari 2006 17:16

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   Beste Gung Ho,
   Bedankt voor je reactie...
   M.vr.gr.
   Brj
10. [verwijderd] 14 februari 2006 08:46

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    Peter Brimelow: Sanguine Schultz sees $2,000 gold
    
    By Peter Brimelow CBSMarketWatch.com Monday, February 13, 2006
    
    www.marketwatch.com/News/Story/Story....
    2D94B4%2D4E81%2DB523%2DC20C118A98C9%7D&siteid=mktw&dist=
    
    NEW YORK -- Gold breaks sharply off multi-year highs. But the gold bugs aren't flinching, including one of the most famous.
    
    After reaching $572.15 on Feb. 2, gold closed at $550.20 on Friday.
    But gold's friends are heartened by the fact that the "Bullish
    Consensus" tracked by respected institutional service Market Vane
    had reached an extreme peak on Feb. 2 and has now retreated equally
    dramatically, suggesting that traders are far from stubbornly bullish.
    
    The Hulbert Financial Digest's Hulbert Gold Newsletter Index is
    contracted on different principles, but also shows a rapid retreat
    in the past week. Mark Hulbert interprets this as good for gold, on a contrary opinion basis.
    
    The latest issue of the monthly International Harry Schultz letter
    arrived about the time I was supposed to file this column. The
    flamboyant Schultz has been a notorious gold bug for four decades --
    notorious because of his flamboyance; he's actually very quick to
    trade -- and his recent successes and long-term Big Thinking caused me to name him 2005's Investment Letter of the Years.
    
    Schultz's take on gold's recent action: "Was the gold price drop
    last week caused by being over-touted (in the media) and overbought,
    and with a bearish chart parabolic curve and bearish up wedge? OR by
    the gold cartel? Yes! Both. The price fixers have chartists too
    (they run two of New York's biggest banks) and they know when any
    market ... is oversold, technically. So they know when to place their bets."
    
    Schultz went on to give the clearest statement I've seen from him of
    the theory, widespread among investment letters but recently
    endorsed in a report by France's Credit Agricole bank, that the
    official sector has been intervening in gold and other financial markets:
    
    "They (the so-called Plunge Protection Team) subsidize the U.S.
    stock market when it sags to a major chart support area, which dare
    not break least weakened public confidence cause a crash. And they
    know when gold has risen to an overbought level, so they sell it
    short. They usually make money maneuvering for their de-facto CEO,
    the U.S. government. ...They also usually make money on their gold
    shorts, by buying back after substantial falls. THERE IS NO FREE
    MARKET. U.S. government prevents markets having healthy adjustments,
    which correct inefficiencies. ..."
    
    Schultz remains sanguine about gold: "We had a similar gold selloff
    in early December (lasting seven market days and dropping $40) but
    last week's was more significant as the rise went to historic highs
    and thereby changed people's attitudes. ...This correction may also
    drop $40, IMO, and will be of no importance except to allow the
    market to work off its overbought condition. Could it fall more than
    $40? Markets can do what they like (as can the Plunge Protection
    Team) but there's technical gold support at 540, 530. 500, 490, 480,
    and the ultimate gold support at 460. ... I think 530-540 is the most likely low."
    
    Schultz's strategy is to trade: "You should sell when THEY do, or
    BEFORE, if possible (perhaps via our GoldCharts R Us service.).We
    told GRCU subscriptions to take profits a full week before this
    latest fall, in bold terms. ..."
    
    Schultz warns of gold "mini-crashes" -- which don't sound so mini; he means 50 percent-80 percent corrections in the gold stocks.
    
    But long-term, his view is very clear: "We're in a major gold bull
    market thanks to excessive bank and government credit and money creation. ... $600 is our next target, then $900, on the way to $2,000."
11. [verwijderd] 14 februari 2006 11:18

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    quote:
    
    "What is happening during the early trading hours in Asia
    is unprecedented. Gold has been up as much as $8 and change
    ... and is now up $6.80. The first day after the surprise Washington Agreement on September 26, 1999 gold was up
    only $7. That agreement caused chaos in the gold market in
    the next two weeks as gold rallied $84 an ounce.
    
    (...)
    
    The RAID failed and they are presently scrambling. YES,
    they can call for reinforcements tomorrow. That will
    only bide them time. The Gold Cartel is DOOMED. The
    price of gold is going to soar to $2,000 per ounce and
    well beyond.
    
    If you have not been paying attention to the MIDAS
    commentary the past many months, or years, it is time
    to check back in before you miss THE historic investment opportunity of a lifetime."
    
    MIDAS
    [quote]
    
    Is de rol van de Centrale Banken, waarvoor ook op dit forum regelmatig wordt gewaarschuwd, volgens bovenstaande zienswijze op zeer korte termijn uitgespeeld?
    
    
12. [verwijderd] 14 februari 2006 21:29

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    Interessant artikel.
    (helaas wederom zonder samenvatting en vertaling.....)
    Good Luck,
    HTG
    
    
    
    The Gold Boom of 2005 and 5 Mining Stocks that could Triple Overnight
    
    By Roger Wiegand
    February 14, 2006
    
    
    www.tradertracks.com
    
    Finding Security in a Dangerous World with Gold
    
    “Power always has to be kept in check; power exercised in secret, especially under
    the cloak of national security, is doubly dangerous.” –William Proxmire
    
    All the markets, particularly the stock markets prefer predictability. This is also quite true in bond markets which are many times larger and more difficult to move and rearrange. We have all seen the results when markets are surprised. Trading becomes erratic, investors and traders exit positions, make guesstimates and install new reactionary trades all while predicting what happens next and hoping to be on the right side of major move. This chaos creates huge losses, anger, doubt and fear. Notice that Greenspan telegraphs his intentions in advance for the bond traders so they can ease into and out of positions not rocking the boat. On the other hand Sir Alan and his merry band of Fed Governors have accidentally misled on occasion with casual remarks and all hell broke loose rocking the sinking boat. Question is can Bernanke keep up the mirage? We say no.
    
    We are beginning to enter uncharted economic waters. No economy ever in history has been able to withstand the magnitude of the mess we have today. To make matters worse, astute market observers and economists (yes there are a few astute economists) have road mapped the end game and none of our remaining choices are inspiring to say the least. To put it bluntly, we have a choice of two disasters and the Fed is taking the lesser evil that being inflate it all away. This one’s not going to float like the early 1970’s or 1980’s. This one will rock the world and if you get in the way you will be crushed. My northlander reporter has a brilliant mind and keeps rolling out scenarios that are not only plausible but probably correct. He thinks the economy will be the main issue in 2008 which many agree to be true. Since the Republicans are setting the table for our next moves, he thinks Bernanke can reload the Fed Funds rate to at least 5% leaving space for lowering rates going into the election while keeping the housing bubble fully inflated. The printing presses are running white hot keeping the dollar moving and producing more votes by providing pay raises to the military, government employees and hiking social security. This buying of votes with taxpayer money is old news but it works. Congress can smash through with more big spending programs like road construction and defense contracts plus a variety of other neat spending tricks. Then of course we have the Plunge Protection Team to corral those wild markets and suppress precious metals. All this is then coupled to those magnificent propaganda machines known as the Bureau of Labor Statistics, Labor Department numbers, CNBC and the National Budget Office. This is a plan preventing disaster while powdering and applying lipstick and mascara to this sick hog of an economy pushing and shoving this shattered drama straight into temporary respectability. However, what they cannot control is a nasty global event or the price of oil which is going where it wants to, which today happens to be straight up. Tom Donlan, Editorial Page Editor for Barrons summarized it perfectly in a discussion about judges. Mr. Donlan said, “The New Deal made the Depression Great. Price-Fixing, cartelization, supply constraints, protectionist tariffs, make-work projects, dollar devaluation, tax increases, pump priming and all the other expansions of government power limited the power of business to adjust naturally. The New Deal substituted hope for knowledge, activity for liberty and control for markets. (Emphasis Trader Tracks). We see nothing in this excellent summary that is any different from 1929-1939 compared to 1999-2009. However this time numbers are off the charts creating more radical extremes.
    
    What I’m leading up to is a possible financial accident. Unlike the media which provides daily road maps for our enemies on how to destroy our country, let’s just say for instance we see a cascade of derivatives becoming Niagara Falls. The internet is a fabulous invention but it could also be our Achilles heel. Our tormenters in the Middle East have also gone to school many of them in America and Western Europe. With this intellectual ammunition my guess is they forget physical attacks on the United States in favor of economic attacks. With little trouble they can sign up (cheap) hundreds of computer hackers to make a gigantic mess. We are now receiving hack attacks from China, Russia and Eastern Europe. Seems to me this would be much easier than the military version. I think nasty old UBL has this same idea. Remember he hit the World Trade Center which was the biblical home of USA finance. We can guess and surmise all day so let’s see where our readers, traders and investors will be should this become reality.
    
    Practicalities of a poor situation
    
    “Too many people are thinking of security instead of opportunity.
    They seem more afraid of life than death.” –James F. Bynes
    
    I was never an ace history student but I enjoyed the subject in school and am a great believer in reruns. Every chance I get, I am constantly comparing 1929-1939 to 1999-2009. Analysts including me have seen several remarkable similarities from comparative charts, attitudes and social moods. The same dumb stupid mistakes are being made over again just like Smoot-Hawley and our current trade wars. We see the erosion of freedom in the name of national security and many global tribes and cultures determined to impose their will upon their neighbors including those in the United States. For the life of me I cannot see how five or ten Arab nations are supposed to get along and operate in a democracy when they cannot even keep peace within their own households without using the whip. Bush had a noble idea to impose democracy on the Middle East, but history and culture says not a chance.
    
    In the United States, Dr. Gary North said, “Woodrow Wilson enacted the first executive order in 1916 with the U.S. Shipping Board Act. Since then 13,000 of these acts and laws have been entered on the books. They exist to provide supplemental powers to the Federal Government in times of emergencies to ensure the “continuity of government.” Dr. North goes further and says they represent a blueprint for tyranny. The most dangerous of these acts exist in Banking Regulation #1, which was signed into effect in January of 1961. It gives government sweeping powers to limit cash withdrawals, stop transfers of credit, and seize bank accounts, control rents, prices, salaries, wages, and rationing. Other regulations would allow government to enact total censorship, seize commodities, institute martial law, restrict travel and seize and control all transportation and communication. And finally, the government can use these measures to convert its debt from short term to long term, thereby devaluing the debt and putting the screws to anyone holding it.” Kind of makes book burning and Ten Commandments removal pale by comparison doesn’t it. Now that I’ve got your attention what do we do?
    
    Gold annihilates government’s powers and eradicates their propensity
    to print money, debase it
13. [verwijderd] 14 februari 2006 21:30

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    and steal using inflation.—Trader Rog
    
    Anybody with half a brain knows precious metals, stock and bond markets are manipulated. It’s common knowledge that after the 1987 scare, “controls” were made available to prevent financial meltdown. If you think those markets are free and open I’ve got a big bridge for sale. Roosevelt seized gold coins by calling them in and paid pennies on the dollar for this confiscation. I’ve seen numerous arguments as to why this could never happen again. If you believe that you’ll believe anything. Gold is feared as it represents true and honest value that cannot be tampered with. The way things got the way they are is with tampering. Gold as a currency and as a strongbox of enduring value is a major threat to global government as it takes away their ability to tamper, print money and notes, issue bonds and a load of other valueless crap. Gold annihilates government’s powers and eradicates their propensity to print money, debase it and steal using inflation. I not only think they will confiscate gold, but silver as well. You do not have to physically remove it, just fiddle with the prices, the buying and selling, and its ability to be bought, sold and moved around. A prominent Mexican who loves his country wants to install the pure silver coin for the population. That one was stopped in its tracks. Can you imagine 50mm poor Mexicans with their own real money? What would happen to the government’s peso paper? What would happen to the Mexican government?
    
    We can do several things to prevent confiscation and ensure we remain free to conduct business and move about the world promoting free enterprise. Almost anything entrusted to the Swiss is safe; even yourself. You can buy Goldgrams from Jim Turk’s bank on the internet with cash backed by gold in Europe. You can load up on personal needs for two or three years on today’s cheaper prices instead of tomorrow’s inflated ones. You can buy a hidey hole; a (second home) for a place to flee if things get very uncomfortable. The Jews that fled Germany early on in Hitler’s game escaped with life, some cash and a new start. The ones who stayed were like the frog in the boiling water saying it’s not too hot yet. I see things getting real warm all of sudden. This is not good at all.
    
    In our opinion, the inflationary conclusion has been all thought out and entirely planned. Years ago we were notified of a new red money currency which has been printed and stored for the day the green money is without value. Any kind of government notes, bonds, bills or paper can be transferred, realigned, debased or repudiated on a moment’s notice. Example: There are millions of dollars temporarily parked in Treasury bills which are supposed to be the safest and most liquid paper. Recently, there has been open talk of bringing back the 30 year Treasury bond. Why is this? I think the answer is to have all those new bonds ready and on the table when the day comes very soon requiring transfer of all Treasury Bills to 30-year Treasury Bonds changing the time frame when they become due and payable. Instead of 90 days due they become 30 years due. How cute. The T-Bill holders get erased and there is nothing they can do about it. Maybe the longer term bonds and notes will be stretched out even further as tens become 30’s and existing 30’s become 50’s or even 100’s. They have 100 year mortgages in Japan as homeowners could never pay those mortgages in 20 or 30 years. Families pass on their homes and mortgages to the children who take on the dual obligation of taking care of the parents, the home and paying the mortgage. In some cases it might take three generations to pay off a house.
    
    Critics scoff and say this could never happen. Guess what, it has happened before. When our country was founded every little Podunk region had local money known as script. When the Revolutionary War was in progress, congress paid for it by issuing Continentals which were un-backed by gold or silver. Those accepting the Continentals were duped as they were inflated into worthlessness just like today’s dollar. When the south fought the north in the Civil War the southern Confederacy had to issue its own money. They issued the paper money, put it in circulation and after the war this currency died. In Wallace, Idaho, the home of the USA silver mining business, locals have cast their own silver coins and spend and trade with them for goods and services daily. They wisely do not call them “currency” as they could get arrested for counterfeiting. They are called medallions, gifts, or souvenir coins. Folks living in the area know in fact this is “really real money” as they are almost pure silver. I got one from a local Wallace coin shop when I visited the area which is a .999 fine silver, one ounce coin imprinted with date 1983 and the words “Sunshine Mining” produced from silver in that mine.
    
    When you consider history and look at the huge mess on today’s table, can you honestly believe your gold and silver coins may not be called in by the government and paid for with the new red paper money? I believe it is not only possible by very likely for the gold coins and maybe even the silver ones. When “reconfiguration day” comes, any new currency, if it is to be trusted must be fully or partially gold backed or the Sheeple will not trust it nor use it. Consider that brain dead central bankers have sold most of their gold by the many tons to disparage it, and diminish its value for the junk paper floating in currency land. They do not have any gold left in large amounts to back the new red money. There hasn’t been a USA gold audit in years and you can be sure there will not be one either as the results would cause a revolution. Here’s the easy answer to that problem. They are going to come and take your precious metal coins and give you red money in return. If you don’t turn it in and comply with the new rules, you go to jail. This means the savers the people who worked, scrimped and put away real money will lose it all to profligate wasters who destroyed the monetary system. Do not give them the chance. Put heavy deposits overseas, most particularly Switzerland where they have over 300 years of obeying laws of responsible banking. It would not surprise me if new rules are mandated soon prohibiting large transfers of cash out of the country. When John Dorrance who retired as the major stockholder and owner of Campbell Soup he was faced with a massive tax on his 700mm worth of Campbell stock retirement money. He renounced his American citizenship, became an Irish citizen and saved his money from the tax thieves. Immediately he was roundly criticized in our congress for “not paying his fair share.” The leeches in Washington tried to figure how they could get the money and began to write new legislation prohibiting this kind of activity. I do not pretend to know all these rules, but as I understand it an American can possibly be obligated for a ten year tax liability after leaving the country. Taxpayers are only good for two things for politicians; they want your vote and they want your money so they can spread it around to more undeserving leeches to buy more votes. That’s the story in a nutshell and you can believe it or not. The biggest lie in the world is “I’m from the government and I’m here to help you.” Our next topic relates to vote buying as well.
    
    USA Borders are Wide Open
    
    Billions are spent for Homeland Security yet our Mexican b
14. [verwijderd] 14 februari 2006 21:31

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    border next to the southern USA is wide open with 600-800 illegals entering each day. Reports of non-Mexican illegals and some of Middle Eastern origin along with folks from Central and South America filter in daily. Homeland Security is a joke and is more of a nuisance for legal, law abiding citizens at their expense. We expect southern California, Arizona and New Mexico along with parts of Texas to become the new United States of Mexico. Conditions in California are now bad enough that when three newcomers enter, one leaves the state for good. This ratio is growing larger in favor of those leaving. Taxes, crime, housing costs, air pollution, earthquakes, make life in La La Land untenable. The smart ones are cashing in their chips by selling their million dollar upholstered garages and departing for greener pastures where you can buy a nicer home in a safe location for one tenth the price. When Pat Buchanan was a candidate for President he said, “I give you my word. I will halt the invasion cold. Six months after I become President, a security fence will be erected on the Mexican Border and I will use troops if necessary to defend it.” Too bad Pat never got elected. Trader Tracks Prediction: Our enemies will not inflict a major violent attack on the scale of 9-11 but will help wreck the economy by repudiation of USA notes, bonds and paper creating derivative failures. This coupled with internet attacks on a variety of institutions will complete the job. You saw the latter already when 40mm credit cardholders were exposed to the hackers. While we are busy pushing junk paper around the Asians and Arabs are buying gold with both hands in exchange for American dollars they are only too happy to kiss goodbye. It’s a new world for sure.
    
    Gold will only be delayed not defeated
    
    The gold boom of 2005 through 2007 and beyond will be unprecedented in history. Some of the best minds in the gold business expect $1200-1500 gold as a minimum. Jim Sinclair and Dr. Gary North are two highly successful analysts, market watchers and investors. They both expect the third alternative which is to impose the iron market controls Dr. North expects. This seems far fetched to some, but if things get wild enough it is entirely or partially likely. I wonder if the civilian population would openly revolt? Bob Prechter says he expects “clashes with the authorities.” A common first response for citizens will be to cower and watch. Then the bolder hotheads will turn to violence. Unless immediately crushed, this violence turns to open revolution and many old grudges will be settled once and for all. This stuff doesn’t just happen over night. Problems evolve and one thing leads to another until matters are radically out of hand. I do not expect another American Revolution, but another big world war over religion (the Middle East) over oil (East against West) and potentially over food and water. The older adult population has not done a good job for our children’s future which at this point in my life is of paramount concern. Today however, open minded adults with some money to invest can purchase gold positions for potentially a major investment result. Richard Russell who is highly respected for his views expects the Dow and Gold to cross at 3,000. Independent of his view, I compiled some long range charts and oddly came up with 2960 without knowing of Mr. Russell’s numbers. This could be a coincidence, but I doubt it.
    
    Trader Tracks has provided lists of ideas before for the personal safety and protection of your financial future. This is not rocket science but the simple reapplication of plain old logic to previous historical results. We know the framework for all the wars, recessions and depressions. We know how various social and cultural groups will react and respond under these conditions. All that’s left is to take some serious simple steps preparing for the inevitable.
    
    
    
    
    
    
15. [verwijderd] 15 februari 2006 09:23

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    The Secret Of The Universe / Alert From Adrian Douglas
    
    Many years ago my colleague Chris Powell ranted that GATA
    had stumbled on the Secret of the Universe ... something so important that it would be coveted more than how to make a nuclear bomb.
    
    I chuckled back then at Chris. Turns out he was RIGHT! There
    is no other explanation for the silence over Gold Rush 21, GATA's Gold Rush 21 DVD, and the stunning Credit Agricole/Cheuvreux gold report, which endorses GATA's
    findings.
    
    What can Planet Wall Street and the US media be so afraid
    of that they will not even mention the word GATA, much
    less all of the above. It IS that BIG!
    
    Anyone who has followed the MIDAS commentary from day one
    knows that GOLDMAN SACHS is the designated Hit Man for the
    white-collar thug Gold Cartel. The fun thing now is GATA's Adrian Douglas has put their nefarious price-capping
    routine right out there for the world to see.
    
    The price of gold is going well beyond $2,000 an ounce.
    What we are going through now is a Mickey Mouse correction.
    
    As a veteran trader of markets, I know that to make a
    fortune and go through corrections like this present one,
    you need to understand the fundamentals of what is going to happen and why. Read the Credit Agricole report at
    www.GATA.org. Watch the speeches of the world’s finest
    when it comes to the precious metals at www.GoldRush21.com,
    by ordering the GATA Gold Rush 21 DVD for a pittance:
    $19.95 plus shipping.
    
    GATA’s Chris Powell is right. We DID discover the
    investing Secrets of the Universe. We know them. Do you?
    
    The latest this evening from Adrian Douglas on the
    nefarious GOLDMAN "Hannibal Lecter" SACHS:
    
    Bill,
    Well, whaddaya know? The Cabal head honchos, Goldman Sachs covered more shorts in the overnight session on TOCOM.
    They reduced their short position by 5278 contracts to
    40,515. They left their long unchanged. Since Friday Feb
    10 they have reduced their short by a staggering 12539 contracts. With covering like that this is certainly the
    bottom of this pullback. Gartman's talk of $500 is nothing
    more than that, Talk. He has obviously been fed a line
    by his well connected friends so that he could do the scaremongering to give an opportunity for the Cartel to
    cover. He himself has not gone short which is very
    revealing. First of all because if he truly believed that
    there was a $40 down move from here it would be an
    irresistible trade. But secondly, it probably indicates
    news from the inner sanctum of how difficult it is to
    cover shorts when the market "V" bounces in your face.
    If he knows the Cartel is struggling to cover, one
    would not willing volunteer to be in the trenches along
    side them trying to buy back some short positions! I
    sense it will be every man for himself very soon. There
    is no honor among thieves.
    Cheers
    Adrian
    
16. [verwijderd] 17 februari 2006 08:31

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    Dear Friend of GATA and Gold:
    
    U.S. Rep. Ron Paul, the Texas Republican who at
    GATA's urging a few years introduced legislation to
    require the U.S. Treasury Department to obtain the
    approval of Congress for intervention in the gold
    market, yesterday gave a speech in Congress that
    was so important that it is sure to be ignored.
    
    Paul not only cited the U.S. government's gold price
    suppression scheme but also spelled out the
    pernicious policies of imperialism that are operating against the world economy.
    
    Paul titled his speech "The End of Dollar Hegemony"
    and it is appended here.
    
    CHRIS POWELL, Secretary/Treasurer
    Gold Anti-Trust Action Committee Inc.
    
    * * *
    
    The End of Dollar Hegemony By U.S. Rep. Ron Paul
    Wednesday, February 15, 2006
    
    www.house.gov/paul/congrec/congrec200...
    
    A hundred years ago it was called "dollar diplomacy." After World
    War II, and especially after the fall of the Soviet Union in 1989,
    that policy evolved into "dollar hegemony." But after all these
    many years of great success, our dollar dominance is coming to an end.
    
    It has been said, rightly, that he who holds the gold makes the
    rules. In earlier times it was readily accepted that fair and
    honest trade required an exchange for something of real value.
    
    First it was simply barter of goods. Then it was discovered that
    gold held a universal attraction, and was a convenient substitute
    for more cumbersome barter transactions. Not only did gold
    facilitate exchange of goods and services, it served as a store of
    value for those who wanted to save for a rainy day.
    
    Though money developed naturally in the marketplace, as governments
    grew in power they assumed monopoly control over money. Sometimes
    governments succeeded in guaranteeing the quality and purity of
    gold, but in time governments learned to outspend their revenues.
    New or higher taxes always incurred the disapproval of the people,
    so it wasn't long before Kings and Caesars learned how to inflate
    their currencies by reducing the amount of gold in each coin --
    always hoping their subjects wouldn't discover the fraud. But the
    people always did, and they strenuously objected.
    
    This helped pressure leaders to seek more gold by conquering other
    nations. The people became accustomed to living beyond their means,
    and enjoyed the circuses and bread. Financing extravagances by
    conquering foreign lands seemed a logical alternative to working
    harder and producing more. Besides, conquering nations not only
    brought home gold, they brought home slaves as well. Taxing the
    people in conquered territories also provided an incentive to build
    empires. This system of government worked well for a while, but the
    moral decline of the people led to an unwillingness to produce for
    themselves. There was a limit to the number of countries that could
    be sacked for their wealth, and this always brought empires to an
    end. When gold no longer could be obtained, their military might
    crumbled. In those days those who held the gold truly wrote the
    rules and lived well.
    
    That general rule has held fast throughout the ages. When gold was
    used, and the rules protected honest commerce, productive nations
    thrived. Whenever wealthy nations -- those with powerful armies and
    gold -- strived only for empire and easy fortunes to support welfare
    at home, those nations failed.
    
    Today the principles are the same, but the process is quite
    different. Gold no longer is the currency of the realm; paper is.
    The truth now is: "He who prints the money makes the rules" -- at
    least for the time being. Although gold is not used, the goals are
    the same: compel foreign countries to produce and subsidize the
    country with military superiority and control over the monetary
    printing presses.
    
    Since printing paper money is nothing short of counterfeiting, the
    issuer of the international currency must always be the country with
    the military might to guarantee control over the system. This
    magnificent scheme seems the perfect system for obtaining perpetual
    wealth for the country that issues the de facto world currency. The
    one problem, however, is that such a system destroys the character
    of the counterfeiting nation's people -- just as was the case when
    gold was the currency and it was obtained by conquering other
    nations. And this destroys the incentive to save and produce, while
    encouraging debt and runaway welfare.
    
    The pressure at home to inflate the currency comes from the
    corporate welfare recipients, as well as those who demand handouts
    as compensation for their needs and perceived injuries by
    others. In both cases personal responsibility for one's actions is
    rejected.
    
    When paper money is rejected, or when gold runs out, wealth and
    political stability are lost. The country then must go from living
    beyond its means to living beneath its means, until the economic and
    political systems adjust to the new rules -- rules no longer written
    by those who ran the now defunct printing press.
    
    "Dollar Diplomacy," a policy instituted by William Howard Taft and
    his Secretary of State Philander C. Knox, was designed to enhance
    U.S. commercial investments in Latin America and the Far East.
    McKinley concocted a war against Spain in 1898, and (Teddy)
    Roosevelt's corollary to the Monroe Doctrine preceded Taft's
    aggressive approach to using the U.S. dollar and diplomatic
    influence to secure U.S. investments abroad. This earned the
    popular title of "Dollar Diplomacy." The significance of
    Roosevelt's change was that our intervention now could be justified
    by the mere "appearance" that a country of interest to us was
    politically or fiscally vulnerable to European control. Not only
    did we claim a right, but even an official U.S.
    government "obligation" to protect our commercial interests from
    Europeans.
    
    This new policy came on the heels of the "gunboat" diplomacy of the
    late 19th century, and it meant we could buy influence before
    resorting to the threat of force. By the time the "dollar
    diplomacy" of William Howard Taft was clearly articulated, the seeds
    of American empire were planted. And they were destined to grow in
    the fertile political soil of a country that lost its love and
    respect for the republic bequeathed to us by the authors of the
    Constitution. And indeed they did. It wasn't too long before
    dollar "diplomacy" became dollar "hegemony" in the second half of
    the 20th century.
    
    This transition only could have occurred with a dramatic change in
    monetary policy and the nature of the dollar itself.
    
    Congress created the Federal Reserve System in 1913. Between then
    and 1971 the principle of sound money was systematically
    undermined. Between 1913 and 1971, the Federal Reserve found it
    much easier to expand the money supply at will for financing war or
    manipulating the economy with little resistance from Congress --
    while benefiting the special interests that influence government.
    
    Dollar dominance got a huge boost after World War II. We were
    spared the destruction that so many other nations suffered, and our
    coffers were filled with the world's gold. But the world chose not
    to return to the discipline of the gold standard, and the
    politicians applauded. Printing money to pay the bills was a lot
17. jumpster 17 februari 2006 13:46

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    Lang verhaal maar aanbevolen en eigenlijk verplicht kost.
    
    voor het laatste/beste deel van de speech moet je de link gebruiken.
    
    Waarom lees ik hier nooit iets over in de krant? Zoals die Iraanse plannen voor een euro-oliemarkt. Die info heb ik tot nu toe alleen op internet gezien. Of heb ik wat gemist?
    
    Kleine samenvatting van het laatste deel vd speech:
    
    "In November 2000 Saddam Hussein demanded Euros for his oil. His arrogance was a threat to the dollar; his lack of any military might was never a threat.".... ,,Within a very short period after the military victory, all Iraqi oil sales were carried out in dollars. The Euro was abandoned."
    
    "In 2001, Venezuela’s ambassador to Russia spoke of Venezuela switching to the Euro for all their oil sales. Within a year there was a coup attempt against Chavez, reportedly with assistance from our CIA."
    
    "Now, a new attempt is being made against the petrodollar system. Iran, another member of the “axis of evil,” has announced her plans to initiate an oil bourse in March of this year. Guess what, the oil sales will be priced Euros, not dollars."
    
    "Though we don’t occupy foreign countries to directly plunder, we nevertheless have spread our troops across 130 nations of the world. ... But unlike the old days, we don’t declare direct ownership of the natural resources-- we just insist that we can buy what we want and pay for it with our paper money. Any country that challenges our authority does so at great risk."
    
    "There are no other countries that can challenge our military superiority, and therefore they have little choice but to accept the dollars we declare are today’s “gold.”
    
    Eind van het verhaal: Die dollar wordt steeds minder waard omdat er continu bijgedrukt wordt -nu extra om de oorlog te betalen. Het wordt steeds moeilijker de rest van de wereld te dwingen het steeds waardelozer wordende papiergeld aan te nemen. En op een dag zal de olie worden afgerekend in goud.
    
    
18. [verwijderd] 18 februari 2006 11:34

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    Beste Gung Ho
    
    Wellicht heeft u het artikel "The beautiful world of gold" van Richard Daughty niet gezien. Ik vind zijn conclusie interessant maar vraag me het volgende af:
    
    Hij schrijft dat de Centrale Banken alles op alles zullen zetten om de prijs van goud te doen zakken. Echter, wat houdt deze macht nog feitelijk in als, zoals Daughty ook stelt, deze banken een groot deel van hun goud al hebben verkocht of elders hebben geparkeerd? Worden de Centrale Banken zo langzamerhand hierdoor niet papieren tijgers en valt het niet te vergelijken met het naakt shorten bij GSS dat immers ook niet het gewenste resultaat oplevert?!!
    
    Ben benieuwd naar uw bevindingen.
    groet,
    Honky Tonk Girl
    
19. [verwijderd] 21 februari 2006 08:40

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    Beste HTG,
    
    Ik ben met je eens dat de CBs papieren( lees FIAT )
    tijgers zijn. Gezien de short/lease poisties van 15.000 ton goud door al decennia geen onafhankelijke audits tov van de aanwezige fysieke voorraden. Sterker de nationale bevolkingen hebben gen enkel zicht op hun eigendom. De vraag is dan ook waarom. Het recht om ongebreideld geld te scheppen door middel van de drukpers ligt natuurlijk wel bij de overheid maar de feitelijke macht( oncontroleerbaar) bij de CBs die zich internationaal georganiseerd hebben in NGOs ( oncontroleerbaar) zoals BIS, Wereldbank en IMF. Ze zijn dus altijd in staat om de fysieke uitlevering om te zetten in cash settlements in plaats van het uitstaande goud fysiek op te eisen. Vooral het gebruik van derivaten heeft geleid tot een praktisch gezien fysiek onoplosbare zaak die bij een een normale vraag/aanbod zou leiden tot een historisch hoge goudprijs. Dit is natuurlijk tot nu toe niet de bedoeling en zou een aantal banken ten gronde brengen en daarmee het hele $ FIAT systeem in gevaar brengen. Er is psrake van een PAT stelling zeker tov vab CBs die nog wel fysiek goud bezitten en dus zouden kunnen profiteren van de hogere goudprijs. Ik verwacht nog steeds bewust gecreeerde volatiliteit die bij tijd en wijle gebruikt zal worden om gevaarlijke posities te sluiten. Al met al spannende tijden.
    We zullen zien.
    Succes
    GH
    
    PS hieronder interessant verhaal over PEAK zilver
    
    

    quote:

    honky tonk girl schreef:

    Wellicht heeft u het artikel "The beautiful world of gold" van Richard Daughty niet gezien. Ik vind zijn conclusie interessant maar vraag me het volgende af: Hij schrijft dat de Centrale Banken alles op alles zullen zetten om de prijs van goud te doen zakken. Echter, wat houdt deze macht nog feitelijk in als, zoals Daughty ook stelt, deze banken een groot deel van hun goud al hebben verkocht of elders hebben geparkeerd? Worden de Centrale Banken zo langzamerhand hierdoor niet papieren tijgers en valt het niet te vergelijken met het naakt shorten bij GSS dat immers ook niet het gewenste resultaat oplevert?!!

    Dear Friend of GATA and Gold:
    
    Resource Investor's Jon A. Nones suggests that
    silver, like oil, has reached a "Hubbert's Peak"
    of maximum production, and he quotes silver
    market experts (and GATA supporters) Ted Butler
    and Jason Hommel. You can find Nones' report
    here:
    
    www.resourceinvestor.com/pebble.asp?r...
    
    CHRIS POWELL, Secretary/Treasurer
    Gold Anti-Trust Action Committee Inc.
20. [verwijderd] 22 februari 2006 09:11

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    Correction time is here!
    One month ago, I pointed out that investors were euphoric about buying everything. The same still applies as of today. Equity investors, commodity traders, property investors, art buyers and even bond fund managers are all bullish about the one or the other asset class.
    Wednesday, February 22 - 2006
    
    Mutual fund cash positions in the US have declined to a record low and that such low readings have, in the past, preceded serious market corrections or bear markets.
    
    Moreover, from the US stock market has become technically over-bought and that such over-bought conditions have usually been followed by meaningful stock market corrections. Another indicator, which is negative for the US stock market, is that foreigners are once again buying US equities at an almost record clip.
    
    As is the case for every stock market around the world, heavy buying by foreigners occurs usually near market tops, while foreign selling has always occurred very close to market lows such as we had in late 1998, in October 2002, and March 2003.
    
    So, if we combine the over-bought condition of the stock market, investors' sentiment high optimism, equity mutual funds' low cash positions, and also heavy foreign buying, we have all the ingredients for a stock market correction in the US getting underway very shortly.
    
    Emerging market outlook
    There are two questions that preoccupy investors. What might the catalyst for such a correction be and when such a correction comes, which assets will decline the most and which ones will show resilience. In particular, investors in emerging stock markets are concerned that if the US stock market sold off, emerging stock markets would decline even more, as has always been the case in the past.
    
    I concede that some emerging markets look extended (Lebanon is up 45% so far in 2006 and Russia has already climbed by almost 20%). However, there is a fundamental difference between the past and the current environment because today, it is not the US or Europe, which are financing economic development in emerging economies. Quite on the contrary! In an ironic twist of economic history, today, the poor countries - largely the ones in Asia - are the economies which are financing the US with their large current account surpluses.
    
    Emerging economies were highly dependent on foreign capital in the late seventies and just prior to the Asian Crisis in 1997, but currently they are accumulating monetary reserves with their current account surpluses amounting to more than 3% of their GDP. As a result, my bet would be that emerging markets as an asset class may be less vulnerable than the US market should a sharp stock market correction unfold.
    
    However some emerging markets, which have experienced vertical price increases recently, are so over-extended that they could easily drop more than the US market, which has been an under-performer over the last 18 months. But, should such a sharp correction unfold, I would feel more comfortable to add to positions in emerging economies than in the US as I still maintain that over the next five to ten years emerging stock markets will outperform the US.
    
    Inflation a risk
    As to the catalyst that will trigger the correction, I suppose that inflationary pressures may necessitate more additional interest rate increases than the market now expects. Therefore, rising interest rates and declining bond prices could at some point weight on all asset markets. But it does not really matter what the catalyst will be.
    
    When all asset markets are as extended as they are now it does not take much for a vicious sell-off to get underway. Still, I maintain that gold and other precious metals will continue to out-perform financial assets. Wherever, you may think the Dow will rise or decline my view is that we shall, eventually, be able to buy one Dow Jones Industrial Average with between just one and five ounces of gold.
    © 1996-2006 by AME Info FZ LLC. All rights reserved.
    This story was posted by Dr Marc Faber
    Wednesday, February 22 - 2006 at 09:02 UAE local time (GMT+4)