Mining Minerals & Metals Share Discussion Threads

[deka1] 04/1/2007 19:10

could see a tic up tomorrow

[tonudiki] 04/1/2007 17:58

Someone's confident ...500k buy at 11p put through at 5 p.m.

Interesting....

[deka1] 04/1/2007 15:59

Could be feb before next drill report and i hope its better than the last

[tsmith2] 03/1/2007 15:08

gold gaining

positive news from drilling - whoosh

[boischastel] 28/12/2006 06:48

St. LOUIS (ResourceInvestor.com) -- United Arab Emirates (UAE) Central Bank Governor Sultan Bin Nasser al-Suwaidi announced today that the UAE will switch 8% of its foreign-exchange reserves from U.S. dollars into euros before September. Now China, Russia, Italy Switzerland, Sweden, Qatar, New Zealand and UAE are all diversifying away from the dollar.

The U.A.E. has started already "in a limited way" to sell part of its dollar reserves, said al-Suwaidi. The total value of the UAE's current reserves is $24.9 billion, 98% in dollars and 2% in euros, meaning the diversification would amount to nearly $2 billion.




Jon Nadler, analyst for Kitco.com, told RI today that this implies that "financially savvy heads inside that financial crystal palace" have seen it fit to prevent future losses by jumping into a currency that has more to offer or less risk.

"Could it start a trend? The dollar's baby sitters sure hope not," Nadler said.

In an e-mailed note, he called it "another ever-darkening shadow over the U.S. dollar and stimulated further demand for bullion in these closing days of the year."

The dollar promptly fell to $1.3124 per euro in New York this morning from $1.3098 yesterday. The dollar has declined 9.7% versus the euro this year. In the meantime, gold has risen 22% for the year, closing today at $631.30/oz.

[deka1] 27/12/2006 12:37

ditto for deka everyone

[bongo bwana] 27/12/2006 11:33

Goldfield drilling results due before end of Jan 2007.

Growing momentum of consolidation in the sector - up to $110 being paid per ounce in the ground. Look at TW's recent maths on that.

Komana alone currently reckoned to hold in excess of 3million ounces Au.

[boischastel] 27/12/2006 08:55

According to Jon Nadler, analyst for Kitco.com, activity slowed considerably ahead of the long holiday weekend and final week of the year with gold prices meandering between $618 and $622.

"As we close out this year, there are many unresolved issues still lingering in the global background picture. No clear choice has emerged on the next phase or costs of the war in Iraq, the N. Korean situation remains as murky as ever, Iranian nuclear development is no closer to cessation, and the Middle East remains a tense region."

"On the economic front, schools of thought are equally divided on whether a serious slowdown is in the making or if inflation and overheating are the more imminent dangers."

"We remain of the opinion that an unwelcome combination of both forces may dominate the better part of 2007 - and that such conditions will be superimposed upon a still-deteriorating U.S. dollar.... Given such an amalgam of uncertainty, and the fact that it is normally difficult to hedge against the unknown, gold will continue to gravitate towards the $700 zone," said Nadler.

"A smaller than the current 25% annual gain may be in the cards for bullion but the overall rising trend remains in place and we do not see significant derailment factors in the wings," Nadler concluded.

[boischastel] 21/12/2006 09:20

GFMS CEO sees $800/oz gold with retail investment
By Karl Heilman
20 Dec 2006 at 11:25 AM

Paul Walker, GFMS CEO, said in an interview that there's a realistic chance gold could reach $800. Walker said the brunt of gold investment has been from the professional side, adding that a pick up in investment on the retail side is necessary to see gold prices reach $800.

"I think the professional interest in the market with investment flows coming out of the US and into other assets could push gold to $700 and above. "

[deka1] 20/12/2006 16:37

Yea bois if only

[boischastel] 20/12/2006 16:11

Aha deka.
Good spot BB......if only!

[bongo bwana] 20/12/2006 16:09

Im wondering if its Tommy O'Gorman selling his stake in order to raise cash for his drive on PRE!

[deka1] 20/12/2006 16:00

Bois we think its bpoker/broker stuff

[boischastel] 20/12/2006 15:06

Some HUGE trades going through......

[deka1] 20/12/2006 14:29

thats what i thought Rob- so prob just an in and out ,no significance.

[robbi123] 20/12/2006 14:07

a trade which is reported late i believe...

[deka1] 20/12/2006 13:59

i have seen trades between brokers or MMs, similar timings, what is an L trade

[robbi123] 20/12/2006 13:49

i think it could be just a switching of holdings. seen them before but we never have an announcement about it! difficult to call mate

[deka1] 20/12/2006 13:48

robbie do you think they were buys?

[robbi123] 20/12/2006 13:42

another large trade gone through, similar to the ones in previous months! i wonder if we will ever get notification of holdings etc?

[boischastel] 19/12/2006 07:58

Numis says Chinese demand keeping gold prices high
By Karl Heilman
18 Dec 2006 at 02:39 PM

According to Numis Securities, growing gold sales in China are keeping bullion prices near recent highs. Gold consumption in the country is expected to hit 350 tonnes this year.

"We remain 'positive' about the yellow metal due to its investment appeal and ongoing strong demand despite the high prices. India remains the largest consumer of gold, however Chinese demand is expanding rapidly," Numis said in a research note.

[tsmith2] 18/12/2006 23:03

cracking news - newsflow expected to be very good over the nex few months

[boischastel] 18/12/2006 22:55

TW saying it is a very good buy at this price and expects strong newsflow in the coming months to potentially push the price to 18p.