Mining Minerals & Metals Share Discussion Threads

[1waving] 08/12/2008 09:33

wispaman, looking for a pre-Xmas update but maybe not this week.

[bongo bwana] 08/12/2008 09:29

Good to see you back in the saddle SS

[share_shark] 07/12/2008 23:42

For full article..






"ite the share price pasting taken by gold mining companies in recent months, the outlook in general for commodities prices appears to be improving – at least as far as ETF Securities is concerned.

In its latest weekly trading report the company says it witnessed net inflows of $185m into its Exchange Traded Commodities (ETCs) – a five-month high.

ETCs are investment vehicles tracking the performance of an underlying commodity index. Similar to Exchange Traded Funds (ETFs), they can be traded and settled like normal shares. Hence, they have market maker support with guaranteed liquidity.

Nichols Brooks, head of research and investment strategy at ETF Securities, says the strong flow ($140m) into the company's ETFs physical gold vehicle appears to be part of more movement into gold, which has also seen sales of coins, gold bars and jewellery soar.

Physical demand for gold has surged of late, with investors becoming increasingly concerned about the outlook for major currencies as central banks have been forced to aggressively ease interest rate. Indeed, Governments have substantially increased fiscal spending and debt
in an attempt to offset collapsing private sector growth.

Nik Bienkowski, chief operating officer at ETF Securities, says: "A fall in demand has driven commodity prices down recently. However, the tight supply situation in a number of commodities has not changed significantly."
.

[wispaman] 07/12/2008 15:43

1waving, should we be expecting an update this week.
meanwhile thanks to you (and others) for your useful input.
wispa

[1waving] 07/12/2008 13:29

UK Analyst investment tips through their various tipsters have an abysmal track record --- be careful and DYOR

[share_shark] 06/12/2008 17:16

From Uk Analyst.

Says James Faulkner of small cap website WatsHot.com

I shall be publishing a new hot (gold) tip this weekend on WatsHot.com. It will be up before Sunday night. To make sure that you catch that t1p click

Might be worth seeing what this chap says.

[share_shark] 06/12/2008 11:19

A bounce is due ?.


Commodity radio link. One to listen to. Very worthwhile views,inmho.
Link purloined from another thread.

[haydock] 05/12/2008 12:28

Lwaving.
I can see what you mean by the market forces.
However I was working across 2 bb.There is a wider view to be taken.
These are my comments from CEY.

That seeking Alpha article is the latest of a series of similar, that have been on GEX:CEY over the last few weeks.
Particularly one very inflamitory article that I saw the other week, which had Goldman S. as the fount of all evil & the tool of the FED.
I had not realised who besides Joe public was taking delivery: GS in sackloads.
That has to be food for thought.


haydock - 5 Dec'08 - 11:00 - 14161 of 14163 edit


Follow your reading of that article with the Alf Field article from GEX:
Then you can see the possibliities, & the way the world is thinking.

[1waving] 05/12/2008 11:30

Haydock, the manipulation of gold is a very good article but market forces should win out reasonably soon -- like the last paragraph.


'It won't matter much if you purchase gold at $750, $800, $850, $900 per ounce, or even much higher. All of these prices will be looking extraordinarily cheap in a few months. The price of our pretty yellow metal is about to explode, and it is probably going to soar, eventually, to levels that not even most gold bugs imagine. COMEX gold shorts will be playing the price a bit longer, in an attempt to shake out some remaining independent leveraged longs. Once that is finished, however, and it will be finished soon, the price will start to rise very quickly.'

Dec delivery will put the cat amongst the pigeons -- latest dec delivery status.
Cumulative COMEX Gold Deliveries:
Nov 28 - 860,000 oz vs inventory of 2,855,567 oz. (30.1%)
Dec 1 - 1,116,600 oz vs inventory of 2,908,224 oz. (38.4%)
Dec 2 - 1,147,300 oz vs inventory of 2,908,024 oz. (39.5%)
Dec 3 - 1,175,800 oz vs inventory of 2,918,028 oz. (40.3%)
Dec 4 - 1,189,000 oz vs inventory of 2,918,028 oz. (40.7%)

.

[haydock] 05/12/2008 10:57

More on the possible gold market rise.

[haydock] 05/12/2008 10:26

Movement in the sector:

[share_shark] 04/12/2008 19:05

Gold Fields CEO Nick Holland
Text Size
By: Martin Creamer
Published on 29th October 2008
JOHANNESBURG (miningweekly.com) - A higher gold price was on the way with $1 000/oz possible in 2009, Gold Fields CEO Nick Holland said on Wednesday.

"I still remain firmly of the view that we are going to see a higher gold price. I still believe we could see $1 000/oz during 2009," Holland told Mining Weekly Online.

Holland said that the current market contagion had resulted in the "indiscriminate" selling down "even of gold" and, in addition, the base-metals pullback had "dragged gold down" with it.

"But gold will regain its value relative to everything else, particularly as all the major currencies of the world are trading on negative real interest rates and inflation is picking up, which are the ingredients for a stronger gold price," Holland told Mining Weekly Online.

Also, worldwide gold production was under pressure, "never more so than now", given the difficulties in raising project finance.

"We're going into a much better period; we've just got to be patient," Holland added.

On the benefit of the high current R250 000/kg rand gold price and also the high Australian dollar gold price that at one stage touched the $1 400/oz level, he said that the South African gold price in rands had risen by between R40 000/kg and R50 000/kg.

"Straightaway we are going to benefit from that in our South African production, an immediate benefit, and then, in particular, as we restore production in South Africa closer to historical levels, that will give us a further bonanza. It's actually quite opportune for us at a time when we are starting to get our production back up," he said.

Increased Gold Fields production in Australia was also "very opportune", as the Australian gold price had now risen from A$1 000/oz to A$1 200/oz, a 20% increase.

"That all flows through to the bottom line," Holland said.

With new projects coming through on three continents and South African operations coming out of their rehabilitation phase, Gold Fields was positioned to increase production from the 798 000 oz of the September quarter to 1-million ounces a quarter going forward.

"That's going to have a very material impact on the bottom line," he said.

With Cerro Corona, the Tarkwa expansion, St Ives and the rehabilitated South African assets upping production at a time of higher gold price in the currency of the various countries, "we could be well-placed to make some decent money".

FLOOR PRICE

Holland said that $800/oz could be regarded as "a reasonable floor price" for gold, because analysis showed that the all-in cost per ounce – or, as Gold Fields described it, the notional cash expenditure (NCE) per ounce – of companies the world over was "very close to $800/oz".

"The industry doesn't really make any money at $800/oz. You need a higher gold price to make money and, if we don't see higher prices, you are going to see pullback in the 'dollarised' countries, where most of the gold is produced," he said.

In countries like South Africa and Australia, currencies had responded to the gold price being below the floor price, but that was not where the bulk of gold production took place.

The bulk of production was still in "dollarised" countries.

Gold Fields was positioning itself for gold-price pick-up and an NCE of $725/oz , which would generate "good cash flow" for shareholders.

"Shareholders want to see cash flow. They are not just interested in ounces in the ground or blue sky. The fundamentals have come home very strongly for people in their analysis of gold companies," he said.

.

[1waving] 04/12/2008 17:39

From seeking Alpha --- gold manipulation and taking delivery:--

It won't matter much if you purchase gold at $750, $800, $850, $900 per ounce, or even much higher. All of these prices will be looking extraordinarily cheap in a few months. The price of our pretty yellow metal is about to explode, and it is probably going to soar, eventually, to levels that not even most gold bugs imagine. COMEX gold shorts will be playing the price a bit longer, in an attempt shake out some remaining independent leveraged longs. Once that is finished, however, and it will be finished soon, the price will start to rise very quickly.

[haydock] 04/12/2008 10:21

Might interest Piedro the guru of APF,they hold Diagnos & he follows closely.
Borrowed
Regards H.

[share_shark] 04/12/2008 09:14

This one might be an interesting one to attend if you have the time, dosh and get up and go.

I just love the mention of artificial intelligence and the use of it.






56th Minesite Mining Forum
Tuesday 9th December 2008

Bishopsgate and Chancery Rooms
Andaz Hotel, Liverpool Street EC1
(Formerly Great Eastern Hotel)

Registration - 9am
Presentations beginning at 9.30am

Something to lighten up the dark days of the end of 2008.

Ian Plimer, professor of Geology in the Department of Earth and Environmental Sciences at Adelaide University who is a prominent critic of the theory of human-induced global warming is coming over from Australia to give attendees at the Forum a preview of his new book 'Global warming: a load of hot air'. Next up will be Jonathan Beardsworth of Metals Exploration. In order to maintain the high level of presentations at this Christmas Forum we have also invited Andre Larente, chairman of Diagnos, who will explain how his company has harnessed artificial intelligence to make speedy sense out of the mass of data from various sources that accrues during an exploration programme. Rusoro is a company that has intrigued Minews for some time. The name clearly stands for Russian Gold, but in this case it is gold in Venezuela run by Russians.

Another company has yet to confirm if it will present. Attendees will also await notification of the experts on our investment panel who will give their view on the outlook for mining in 2009

All inmho.

[share_shark] 04/12/2008 09:07

Guys/gals.


We are all here for the same thing, are we not?.

To see Gex make us money.

All views, pros and cons, are always very welcome.

Many thanks for all those views..

[serpicouk] 03/12/2008 17:51

1W - re: 3900

"Too easy to make a short rubbishing statement about something you haven't bothered to study and use. You can not see what you do not know and therefore do not know how to look for it."
-------------------------------------------------------------------------------

Whilst I have no formal training in TA I do have a number of TA books in my finance library; including the the TA bible by J.Murphy. I've read them all and feel I have a rudimentary grasp of the principles involved. On occasions, I've used TA (edit: although not EW) successfully in taking short term positions on the FTSE. My comments were my own opinion and were posted with the reasons that I feel support it.

Whilst my opinion may be proved wrong I don't feel this constituted a rubbishing statement about something I've not bothered to study.

A quick search shows Alf has quite a few errors, mistakes and subsequent revisions in his predictions (looking back with the benefit of hindsight).

I guess time will tell as to whether the price of gold follows this wave pattern or not.

[share_shark] 03/12/2008 16:40

Just seen your addendum i Waving.
many thanks again.

You will have us all making a fortune soon !.

[share_shark] 03/12/2008 16:39

The poster is Aphrodites and posts mainly on the BGT or BGC thread.
Please dont mention my avatar though otherwise i may be persona non grata. ;o).
I do not know Aphro, personally but he owns shares in another company that I hold shares in.
Thanks for the info on John Piper, 1 Waving.

[1waving] 03/12/2008 16:39

Share shark, you can sign up for the occasional market reports from John Piper as freebies at the following link -- follows stock indices and gold.

[share_shark] 03/12/2008 16:35

Zinc and Gex.

You know I must have had one too many hot chocolates drinks the other night as i was sure I had read about Gex ,Ghana and Zinc. I asked because I heard a very interesting tale of TO's and Zinc, recently, although with the low cost of Zinc I dont think there could have been any real interest in the commodity.

Thanks for the response though.

[1waving] 03/12/2008 16:33

Share shark -- if those trades are posted on an open source site would be interested in having a look. Link ??

For your info I learned the bulk of my Elliott wave from John Piper who teaches trading with Elliott as a successful practitioner rather than theorist and teaches a whole trading system approach so that you develop your own system. Cost about £500 for a year but well worth it.

.

[share_shark] 03/12/2008 16:23

IWaving.Re Elliot Wave.

I am of the opinion that instead of taking on an advisory broker, I would have been better employed to have studied the Elliot Wave. There is a very astute poster, an ex Market Maker, who follows the EW and posts his trades for all to see.I have watched him carefully and even followed his example on Lyds at £1.96p to exit the trade with a nice profit(the first in many months) and then put the proceeds into more Gex. Mind ,I frightened myself to death,executing the transaction!.
So my hat off to you !..