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To 'Rocky' on 'Eurasia Gold Corp. (EGX:TSX-V)' -
Rocky just like rossi said, yes it sounds like it -
eventually the 666bolshevikz will delist the stock ? -
Then they will make you beg to take your stock? -
that's right I hate being screwed every bit -
as much as you -
its looks like the bad - uggly 666bolshevikz -
taken over the management? -
to sell before Sept. 5th may be the only way out -
the 666bolshevikz robbed us of the EGX gold ? -
the 666bolshevikz only gives fiatz now -
http://tinyurl.com/3c5gn
history repeat itself
Imo. Tia.
Have a good weekend -
http://www.888c.com/
God Bless America
Accordingly, the recommendation of the Special Committee
and of the Board of Directors, as described
in the Directors' Circular,
that shareholders reject the Offer remains unchanged
that is the bottom line -
Listing Main Market - London Stock Exchange -
http://www.investorshub.com/boards/read_msg.asp?message_id=17193432
Thanks
Bob
Listing Main Market - London Stock Exchange -
Share Offering and Overseas Listing -
The Company is contemplating a share offering to fund
the development of its new projects and the possibility
of a listing on the Main Market of -
the London Stock Exchange.
Eurasia has appointed Nomura International and URALSIB
Financial Corporation as its advisors in this process.
The Company and its advisors will continue to assess
the timing and quantum for such a potential
share offering.
Corporate Governance
The Company has formalized its corporate policies with
a view to complying to the extent possible with the best
corporate governance practices in the United Kingdom,
as well as Canada.
This includes the following changes:
<<
- Restructuring of the Board of Directors to comply with
the UK
Combined Code;
- Creating new terms of reference for its Board Committees
in compliance with the UK Combined Code, as well as adopting
the UK Model Code;
- Ceasing related party transactions, other than the Acquisition,
by entering into a Non-Competition Agreement with its
majority shareholders;
- Limiting the control of the majority shareholder
and avoiding conflicts of interest by entering into a
Relationship Agreement with it major corporate shareholders,
certain members of the Mukashev family and Aman Adilkhanov;
and
- Adopting pre-emption rights following the Continuance.
>>
Appendix: Brief CVs of Tim Read and Stuart Leighton
Tim Read, age 59 (Non-executive Chairman Designate).
Mr. Read was conditionally appointed Independent Non-executive
Director and "Chairman Designate" on February 12, 2007,
effective as of the time of the Continuance.
Prior to joining the Board, Mr. Read was President and
Chief Executive Officer of Adastra Minerals, a Canadian mining
company with operations in Central Africa, between 1999 and 2006
and Managing Director and Joint Head of Mining Investment Banking
at Merrill Lynch International between 1995 and 1999.
Mr. Read obtained a Bachelor in Economics from the University
of Strathclyde, Glasgow in 1968 and is a Fellow of
the Securities and Investments Institute.
Stuart Leighton, age 38 (Non-executive Director).
Mr. Leighton was appointed Independent Non-executive Director
on February 12, 2007, effective as of the date of
the Continuance.
Prior to joining the Board, Mr Leighton was a partner at
Deloitte & Touche CIS between 1999 and 2006.
Mr Leighton obtained a Bachelor of Science in Accounting
from Napier University, Edinburgh in 1989.
This news release contains forward-looking statements contained that are not historical facts. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward looking statements in this news release include, but are not limited to, completion of the Acquisition, completion of the Continuance and the realization of mineral resource estimates. Factors that could cause actual results to differ materially from these forward-looking statements include those risks set out in Eurasia's public documents filed on SEDAR. Although Eurasia believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Eurasia disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
This document is only addressed to and directed at persons
in member states of the European Economic Area who are
"qualified investors" within the meaning of Article 2(1)(e)
of the Prospectus Directive (Directive 2003/71/EC) (("Qualified
Investors").
In addition, in the United Kingdom, this document is being
distributed only to and is directed only at Qualified Investors
(a) who are persons who have professional experience in matters
relating to investments falling within Article 19(5) of
the Financial Services and Markets Act 2000
(Financial Promotion) Order 2005, as amended (the "Order) or
(b) who are high net worth entities falling within Article 49
of the Order, and any other persons to whom it may otherwise
lawfully be communicated
(all such persons together referred to as "relevant persons").
Any investment or investment activity to which this document
relates is available only to
(i) in the United Kingdom, relevant persons, and
(ii) in any member state of the European Economic Area other
than the United Kingdom, Qualified Investors, and will be
engaged in only with such persons.
The qualified person, as such term is defined in National Instrument
43-101 - Standards of Disclosure for Minerals Projects
("NI 43-101"), who prepared the Technical Report was
Dr. Phil Newall (BSc, PhD, FIMMM, C. Eng.).
Dr. Newall is independent of the Company for the purposes
of NI 43-101.
Mineral resources that are not mineral reserves do not have
demonstrated economic viability.
These materials are not for distribution, directly or indirectly,
in or into the United States, Australia, or Japan.
This document does not constitute an offer of securities for sale
in the United States, nor may any securities be offered or sold
in the United States absent registration or an exemption from
registration as provided in the US Securities Act of 1933, and
the rules and regulations thereunder.
No securities are being registered for offer or sale in
the United States and no public offering of any securities
in the United States will be made.
The information contained herein does not constitute an offer
to sell or the solicitation of an offer to buy nor shall there
by any sale of any securities in any jurisdiction in which
such offer, solicitation or sale would be unlawful prior to
registration, exemption of registration or qualification under
the securities laws of any such jurisdiction.
No stock exchange, securities commission or other regulatory
authority has approved or disapproved the information
contained herein.
SOURCE: Eurasia Gold Inc.
Baltabek Mukashev, President and CEO, + 7 3272 37 83 06,
baltabek.mukashev@almaty.eurasiagold.com;
Eurasia Gold Inc.,
(416) 504-2899,
info@eurasiagold.com
Mr Nursultan Nazarbayev, President of the Republic of Kazakhstan -
today opened the markets at the London Stock Exchange -
Mr Nazarbayev was accompanied by key members of the Kazakh government
and representatives of leading UK and Kazakh financial institutions,
including London-listed companies with significant interests in
Kazakhstan, Kazakhmys PLC and JSC Kazmunaigas.
The event formed part of the programme for Mr Nazarbayev's
official visit to the UK, and marks a strengthening -
relationship between the UK and Kazakhstan's -
financial markets.
This relationship was formalised by the signing of a co-operation
agreement between the London Stock Exchange and the Regional
Financial Centre of Almaty (RFCA).
The Exchange and the RFCA will hold a Central Asian Capital
Markets Conference in Almaty on 1-2 February 2007.
For further information about the conference go to -
http://www.centralasianipo.com.
Four Kazakh companies are currently listed on the London Stock
Exchange’s Main Market, and a further 10 companies with operations
in Kazakhstan are quoted on AIM -
Kazakh companies have raised a total of $4.2 billion,
most recently JSC Kazkommertsbank, on the Main Market
and AIM in the past two years -
http://www.londonstockexchange.com/en-gb/about/cooverview/thesource/
http://www.investorshub.com/boards/board.asp?board_id=2127
http://www.centralasianipo.com/
REGIONAL FINANCIAL CENTER OF ALMATY
http://www.centralasianipo.com/rfca.html
To 'Rocky_2' on 'Eurasia Gold Corp.' -
thanks for the good info Rocky -
Eurasia Gold Inc.
DL (8/24/2006 5:48 PM)
T.EGX
Last: 1.80
Change: +0.01(+0.56%)
Volume: 119.8 k
Last Trade: 1:12
http://www.investorshub.com/boards/quotes.asp?ticker=t.egx&qm_page=58650&qm_symbol=T.EGX
NYBOB if you would like wizetrade you have to buy the progam,egx today is all green good time to buy
Eurasia Gold Inc. DL (6/30/2006 4:42 PM)
T.EGX Last: 2.25 Change: +0.60(+36.36%) Volume: 41.45 k Last Trade: 3:55
http://www.investorshub.com/boards/quotes.asp?ticker=t.egx
http://www.investorshub.com/boards/board.asp?board_id=2127
http://www.investorshub.com/boards/board.asp?board_id=5452
Eurasia Gold Inc. - EGX -
EGX Euro-Asia Gold -
Euro Klondike -
EGX:TSX -
http://tinyurl.com/r4bzz
http://www.investorshub.com/boards/board.asp?board_id=2127
http://www.investorshub.com/boards/board.asp?board_id=5452
Eurasia Gold Inc. *** News and Filings ***
As of 5/25/2006 1:00 PM
http://www.investorshub.com/boards/quotes.asp?ticker=FMNJ&qm_page=34066&qm_symbol=t.egx
http://tinyurl.com/lw9z6
Eurasia Gold Corp. completes acquisition of JSC Charaltyn
and changes name to - Eurasia Gold Inc. -
Tuesday May 23, 2:44 pm ET
TORONTO, May 23 /CNW/ -
Eurasia Gold Inc.
(TSX-V:EGX - News; formerly Eurasia Gold Corp.) -
(the "Company") - is pleased to announce the completion
of the acquisition (the "Acquisition") of
JSC Charaltyn,
a Kazakhstan mining and resource company,
and related transactions, as announced on
August 24, 2005 -
and as principally described in the Company's
information circular dated November 22, 2005.
In connection with completion of the Acquisition,
the Company consolidated its issued capital on
the basis of one post-consolidation share for
every ten pre-consolidation shares and continued
its corporate existence from the Yukon Territory
to the federal jurisdiction under the Canada
Business Corporations Act.
In addition, the new name of
the Company is -
- "Eurasia Gold Inc." -.
Pursuant to the Acquisition, the Company acquired
all of the issued and outstanding shares of
JSC Charaltyn Company -
http://biz.yahoo.com/cnw/060523/eurasia_gold_jsc_acq.html?.v=1
Eurasia Gold Corp. - Trading Halt -
Market Regulation Services - Trading Halt -
Eurasia Gold Corp. -
EGX - May 19, 2006 - 4:07 PM EDT
V.EGX 0.28 0.03
VANCOUVER, May 19 /CNW/ - The following issues have been halted by Market
Regulation Services (RS):
Issuer Name: Eurasia Gold Corp.
TSXV Ticker Symbol: EGX
Time of Halt: 15:54 EST
Reason for Halt: Company Request Pending News
Source: Canada NewsWire (May 19, 2006 - 4:07 PM EDT)
News by QuoteMedia
www.quotemedia.com
GATA - Bill Murphy writes....
May 9 – Gold $699.70 up $22.30 - Silver $14.49 up 71 cents
$700 Gold Is Here / Silver Soars / Gold Cartel Seen Crying In Men’s Room -
"Who Are Those Guys?" … Goldman Sachs
GO GATA!
It’s no one man gang, Goldman Sachs. That’s for sure. You have been had by the whole lot of us, which includes the entire GATA ARMY … and we have done so by following our "Enveloping Horn" strategy, borrowed from Africa’s greatest general, SHAKA!
Goldman Sachs: you messed over the poor blacks in Africa with your bogus, lying gold price suppression scheme and it has come back to haunt you. May you suffer the same fate in gold as did Shaka Zulu’s adversaries so long ago.
Congrats to Adrian, who did it again with his alert last night (served at the TL Table).
With gold and silver correcting yesterday, I mentioned the following in MIDAS:
What is remarkable, and part of the public record, is how few bulls there have been on the way up and how few bulls there are now. I mean look at the chart. The reason is obvious … most everyone refuses to deal with what GATA knows. I believe I have made that comment almost every week since GR 21 … or for the last $250 of the move!
With all the hysteria about a gold market correction, today will barely register on the charts. If I were short, I would be VERY nervous. No doubt The Gold Cartel and the rest of them ARE…
Gold rose every day last week and 10 out of the last 11 days, prior to today’s normal setback. It changes nothing regarding the building squeeze, nor where gold is likely to head in the near future. It could easily trade $700 per ounce before the week is out.
***
Make that REAL easily - and every week since GR 21 … or for the last $270 of the move.
Gold firmed up soon after the Comex close last night, rising as much as $5. After a brief dip in early London trading this morning, it firmed up once again going into the Comex opening. Any astute trader could see and feel something special and very bullish was about to occur today.
It was THE strongest gold trading session on the Comex I have ever seen. Gold did not back off all session long, moving up in spurts and then holding its ground, only to make new highs on the close.
What you are witnessing is a rare market phenomenon … a bunch of trapped bullies trying to get out of their massive gold short positions in a market which is in a steep supply/demand deficit to begin with. At the rate the bad guys are exiting the market, it might take them another TWO YEARS to eliminate their short positions. In a way I am kidding about that and yet in another way I am not. The Gold Cartel and other shorts still CANNOT cover those positions at these LOW prices and it will take a long time for them to bow out.
With all the GATA camp knows about what The Gold Cartel has done and what the gold market is all about, we don’t know exactly what amount of the short position must be covered with physical gold and how much can be paid back with cash. However, as mentioned before, the shorts must be at a point where they must cover price-wise in order to keep their losses from mounting. We are talking about some serious money here with gold moving like it is.
So what do they do? Does Goldman Sachs call up the central bank that lent them the gold and tell them they have decided to send them a check? For what price? You got me. There must be all sorts of havoc going on behind the scenes.
Speaking of havoc, some of the major hedgers have to be in the deepest of troubles … firms like AngloGold, Barrick, and Newcrest. Their hedgebook losses are monstrous and ballooning nearly every day. A savvy vet of the gold business told me this morning that Australia’s Newcrest is technically bankrupt … that if they don’t do some kind of "rights issue" they are tapioca. If they go down, who takes over their sizeable hedgebook?
Again, what almost no one outside of the GATA camp is even dealing with (factoring in, mentioning) is how this HUGE short position, a varied one, is affecting the market. You have numerous calls written over the years which are continuously going into the money, meaning the writers of the calls must come up with physical gold to the call owners. So we have a surging physical market competing with desperate gold shorts of different strokes.
This could very easily lead to a GOLD DERIVATIVES BANKING CRISIS. Veteran Café members will remember when a GATA delegation presented our document of the same name on May 10, 2000 to the Speaker of the House, Dennis Hastert … and then to the members of the House and Senate banking committee. That special report may be found at the upper left corner at www.GATA.org.
There is a very good shot of a staggering gold price melt-up in the days and weeks ahead … one which will shock the investment world … as the GATA camp watches with big smiles on our faces.
"When Solomon said there was a time and a place for everything he had not encountered the problem of parking his automobile." --- Bob Edwards (1947), US radio broadcaster.
OR
"When Solomon said there was a time and a place for everything he had not encountered the Gold Cartel’s problem of covering a 10,000 tonne gold short position!" GATA (2006)
While the AM Fix was little changed from the Comex close, the PM Fix roared to $691.25.
The gold open interest fell 855 contracts to 357,086, while the disappearing silver open interest dropped 2429 contracts to 108,056. The silver OI is some 35,000 contracts less than it was at its highs. The silver shorts continue to use every dip to run for the hills.
JP Morgan’s Chris Jordon turned silver buyer … bad news for the bears. Haven’t heard from him in a while. As soon as he showed up on the buy side, silver took off and followed gold’s lead. No telling what silver could do in the days ahead too.
Our kind of chart … one many of us dreamed of for so long.
June gold
http://futures.tradingcharts.com/chart/GD/66
The fun part is this move up will look rinky-dink in the months and years ahead.
All the metals were on fire:
*Platinum was up a whopping $41 to $1229 per ounce. The price of gold will overtake platinum as The Gold Cartel goes down in flames.
*Palladium danced $17 higher to $388.
*Copper, "The Energizer Bunny," closed at a lofty $369.60, up another 9.05 cents.
The PERFECT STORM is building … its clouds darkening by the day with typhoon winds building.
Crude oil closed up 92 cents to $70.69.
The dollar sank .43 to 84.63. The euro rose .53 to 127.53.
More gold goodies:
Indian ex-duty premiums: AM ($1.44), PM $3.93, with world gold at $681.65 and $681.35 Below, and above legal import point. This is basis Ahmedabad; other Indian cities gave similarly confused readings. Volatility must be troubling Indian import dealers: but it cannot be said their customers are out of the market. The Bombay stock exchange closed at another record high today.
When Japan re-opened today it found world gold at virtually the same level as the previous close: $682.25 v $683.05. Despite this high level and the steadiness of the yen, the Japanese public bought. On volume equal to 30,426 Comex lots (-50%) open interest surged 11.7 tonnes (3,750 Comex lots). Mitsubishi’s data implies that the public added 8.5 tonnes to its long. The active contract finished down 11 yen, but world gold went out $1.30 above the NY close, having been as much as $4 higher earlier.
This is uncharacteristic behavior by the TOCOM general public: maybe they think these are unusual times.
The weekly ECB statement of condition reported a gold sale of E916Mm last week, 59.05 tonnes at the current book value. Four banks were reportedly involved. Almost certainly, 57 tonnes of this was the sale announced by the ECB itself on March 31, which had not previously shown up in the accounts. Exactly the same thing happened last year. This leaves 2.05 tonnes to be split amongst 3 banks – so small as to suggest calls being exercised. At 25 year highs, the ECB group of Central Banks appear to have flinched from selling.
Yesterday in NY, of course, a pretty serious effort was made to break gold down. Several commentators remark that strong physical off take was seen on the lows in the low $670s. However, on volume of 64,177 open interest only slipped 855 lots (2.65 tonnes), indicating very little net liquidation. Any shorts who joined in the downswing could not have enjoyed this morning.
***
CARTEL CAPITULATION WATCH
The DOW rose again, climbing 55 to 11,640. The DOG lost 7 to 2378.
US economic news:
10:00 March Wholesale Inventories reported 0.2% vs. consensus 0.5%
Prior 0.8% revised to 0.9%.
* * * * *
Huh?? Where has everybody been:
11:17ET Bond Watch: Dollar Clocked on Iran Billing Rumors (BONDX) :The dollar has gotten hit hard against the euro as the foreign exchange world buzzes about Iran starting to bill for crude oil in euros. The euro saw a 0.7% bounce against the buck on the chatter
U.S. consumer confidence slips further in May: IBD
NEW YORK (Reuters) - Consumer confidence in the U.S. economy fell for the third month in a row in May as higher gasoline prices offset robust economic growth, according to a survey released on Tuesday.
Investor's Business Daily and TechnoMetrica Market Intelligence said their economic optimism index declined to 46.1 in May from 48.6 in April and 49.1 in March.
A reading below 50 indicates pessimism…
-END-
05:36 Real Estate market chill reported by NY Times
The Times reports that, though prices remain on the rise, that median home price increases are slowing, and that in some cases, prices are in fact falling. The Times cites data provided by ZipRealty, who reported a 35.7% reduction in Boston area real estate prices, and says similar trends exist in San Diego, Sacramento, Los Angeles and Miami, as well as Chicago, Washington and Baltimore.
Reference Link (registration required)
* * * * *
Check out Jesse’s web site:
http://www.geocities.com/arthurcutten/jesse.html
***
From a fellow Café member on silver in Canada:
"Just talked to the head bullion trader at TD Bank. They are running very low on physical silver! This is very bullish news!!!!!!! I am curious about the other Canadian Banks!"
***
This one blows me away. Yesterday I vented my theories on what was going on in the commodities world … an opinion that is nowhere to be seen on Planet Wall Street or the mainstream gold world.
First, the MIDAS thinking, followed by the news of the day …
Perhaps the most common man thinking of the day is that we are in a COMMODITIES BUBBLE. Warren Buffet, Dennis Gartman (on CBNC this morning), etc., are all talking of the great commodities market bubble.
I will dissent for the following reasons, including my thoughts:
*Samex’s Jeff Dahl has been reporting for a very long time now about the Chinese scouring Chile and South America to tie up copper supply for the future. The South Koreans are not far behind, according to Jeff.
*Our STALKER source has reported Chinese buying of gold for years. MIDAS reported the Chinese canvassing South Africa five years ago to tie up supply.
*We know of the Chinese interest tying up zinc supply.
*The common man thinking is unwarranted hedge fund speculation is driving up commodity prices. Maybe that is so with oil, but I suspect much of the run up in the metals sector is due to Chinese accumulation of those metals … BUYING through intermediaries, which are THOUGHT to be hedge funds. If so, it is the shorts in these markets who have been had by the Chinese.
*Bubbles are made of excessive public accumulation by people who are only along for the move, without knowing what is behind it. I see none of that. Matter of fact, it is more of the opposite. The Café Sentiment Indicator, with all this is going on gold-wise, was only a FOUR this weekend. A stinking lousy 4. What we have is the exact opposite of a bubble … general ennui by the general public.
*Regarding the story of the rogue Chinese trader above. The common thinking is this guy is a bonehead, who risked execution Chinese style to do his own thing. I don’t buy it. My guess is this guy was trotted out there to disinform the investment world as to what the Chinese are really doing: BUYING. Yes, his short trading position was no doubt real. However, my guess is there were other Chinese traders on the long side hidden from view, maybe with double his short position. Those long traders will never be heard from.
*And finally, there is little talk about the astounding gold short position outside of the GATA camp. The reality re gold is the REVERSE of a bubble. It is about a position which cannot be covered at these price levels.
***
Then this:
05/09 4:18A (DJ) DJ China To Build Uranium, Iron, Copper Strategic Reserves Story
BEIJING (Dow Jones)--China plans to start building strategic reserves for uranium, iron, copper and other key mineral resources, and accelerate the construction of strategic petroleum and coal reserves as part of the government's official five-year plan, said the Ministry of Land and Resources.
The ministry is targeting adding proven reserves of 4.5 billion-5.0 billion metric tons of oil, 2 trillion-2.25 trillion cubic meters of natural gas, 100 billion tons of coal, 5 billion tons of iron, 20 million tons of copper and 200 million tons of bauxite by 2010. The government officially released the five-year plan for 2006-2010 on April 28, which Chinese media didn't pick up until Tuesday.
Government offices and financial markets were shut May 1-5 due to the Labor Day holidays.
The energy and mineral resources reserves, funded by both the government and companies, will be designed to adjust to market supply and meet emerging demand, the ministry said in a report recently posted on its Web site.
To increase uranium reserves, China will expand exploration of uranium resources in northern and southern mining regions, it said.
China will also strengthen the exploration of key metal mining zones in southwestern rivers, as well as Tianshan Mountains in the northwest, Nanling Mountains in the south and Daxinganling Mountains in the northeast.
The country will accelerate the construction of oil reserve tanks and supplemental system and explore more oil reserves, the ministry said, without elaborating.
-END-
Followed by this:
China Is Urged to Quadruple Gold Reserves, Reuters Reports
2006-05-09 11:13 (New York)
By Danielle Rossingh
May 9 (Bloomberg) -- The Chinese government was urged by economists to quadruple gold reserves to 2,500 tons from 600 tons, Reuters said, citing an official industry newspaper.
Gold should comprise between 3 percent and 5 percent of China's foreign-exchange holdings, from 1.3 percent now, Liu Shanen, an expert at the Beijing Gold Economy Development Research Centre, told a conference, Reuters quoted the China Gold newspaper as saying. China should increase its gold holdings given the strength of its economy and the size of its foreign trade, Shanen said.
China's gold reserves have remained stable since December 2002, Reuters said.
-END-
Chinese gold:
Resource Investor, VA - Apr 17, 2006
By Jon Nones. China holds 19.29 million ounces in gold reserves at end-March, unchanged from end-January, end-February, central bank data show.
Some market reaction to the Chinese gold flap:
11:28 June gold touches $700; currently $699.30, +$19.40
An additional factor being mentioned to explain the strength in gold is a Reuters report that China is being urged to quadruple its gold reserves. The source of the story was comments by Liu Shanen, an expert at the Beijing Gold Economy Development Centre, at a conference. It is unclear if Liu Shanen's opinion has any bearing on official Chinese policy.
* * * * *
I cannot stress this enough: Via our STALKER source MIDAS has been reporting Chinese buying of gold for years. The Chinese have been buying metals for a long time, as one way of unloading their dollars on the cheap … without insulting the US on the world economic scene. They have been doing this buying in the most discreet of manners. It is remarkable how sophisticated they are in the commodities arena and how clueless the West is on what they have been up to.
A copper, gold bull:
Freeport's Adkerson Says Copper, Gold Prices May Keep Rising
2006-05-09 09:12 (New York)
By Mike Schneider
May 9 (Bloomberg) -- The failure of the world's copper mines to keep up with demand is keeping prices at record highs, and defensive investing is boosting gold, said Richard Adkerson, chief executive officer of Freeport-McMoRan Copper & Gold Inc.
``The copper market remains very tight,' Adkerson said today in an interview from Miami. ``Even though we have such high prices, the industry has been characterized by a challenge in adding new supplies. There's an absence of major new projects.'
Copper prices have more than doubled in the past year, and gold has surged to a 25-year high, boosting profit for New Orleans- based Freeport, owner of the world's largest gold mine and second- largest for copper. First-quarter earnings surged 83 percent, even as production of copper and gold tumbled at its Grasberg mine in Indonesia.
Lower output ``is being offset by the very strong prices that we have,' Adkerson said. ``We had a third less copper and 20 percent less gold than a year ago. Yet, it was our second-strongest quarter from an earnings standpoint than we've ever had.'
Adkerson said he isn't concerned about manufacturers seeking alternatives for copper, used mostly in wiring and pipes.
``The really great thing about copper as a commodity is it's physical characteristics are such that it's difficult to replace for its basic uses,' he said. ``As industrial output grows, as urbanization grows in the developing world, the demand for copper is a necessary element of those conditions.'
Gold prices probably will remain strong as demand increases from ``defensive investing,' Adkerson said.
``Gold is driven by issues beyond near-term supply,' he said.
``Demand is driven by currency issues and political concerns. With events we face around the world today, the outlook for gold is strong.'
-END-
TOCOM:
Good Evening Gentlemen,
On May 8 the seven large TOCOM gold shorts reduced their net short position by 7,174 contracts to a total of 171,690 contracts or 5,519,961 troy ounces.
In silver, the same dealers reduced their net short position by 127 so far.
Have a good night,
Scott
Bill,
In the May 8 session on the TOCOM Goldman Sachs decreased their short position by 251 contracts. They achieved this by covering 948 contracts in DEC 06 and 903 contracts in FEB 07 and going short 1600 contracts in APR 07. This continues their ongoing "Operation Toxic Waste" as they move their short position as far away as possible. Unfortunately, just like with toxic waste, the problem doesn’t go away when you try to bury it.
I used to think bears were cute and cuddly… so far they’ve got zero out of ten on both counts!
Cheers
Adrian
Hello Gentlemen,
I was just doing some calculations using today’s spot gold and silver closing prices from Kitco, and yesterday’s (May 8) TOCOM dealer net positions data. Using Sumitomo Corporation, who is currently the largest TOCOM gold and silver short, and assuming that they did not buy or sell any additional gold or silver contracts on the May 9 TOCOM session and that they are not hedged in any other way, we can conclude that someone, somewhere, is having a bad day today. I say this because on May 8 Sumitomo Corporation was net short 72,693 contracts of gold and 5,518 contracts of silver. If we convert these contracts to troy ounces and multiply the result by today’s price gains we can get some idea of the potential losses.
GOLD SHORT
72,693 contracts x 1kg per contract x 32.1507 troy ounces per kg = 2,337,130
troy ounces
2,337,130 x U$22.30 (today’s gain) = U$52,117,999 loss
http://www.tocom.or.jp/souba/gold/torikumi.html
SILVER SHORT
5,518 contracts x 60kg per contract x 32.1507 troy ounces per kg =
10,644,453 troy ounces
10,644,453 x U$0.71 (today’s gain) = U$7,557,561 loss
http://www.tocom.or.jp/souba/silver/torikumi.html
Therefore,
U$52,117,999 + U$7,557,561 = U$59,675,560 hypothetical gold/silver one day loss
That can’t be good!!!
Take care,
Scott
One of the mainstream gold world’s grandest dingbats:
GFMS's Klapwijk Comments on Gold Market, Chinese Gold Holdings
2006-05-09 12:19 (New York)
By Danielle Rossingh
May 9 (Bloomberg) -- Philip Klapwijk, executive chairman of GFMS Ltd., a London-based research company, comments on rising gold prices and speculation China may increase its gold reserves.
Gold today traded at $700 an ounce for the first time since October 1988 as tensions increased over Iran's nuclear-research program.
On gold's rally:
The gold market ``is being driven by investors and speculators, instead of the normal ebb and flow of supply and demand.'
On China:
``There's quite a rumor mill going round the market at the moment. China is frequently being mentioned.'
Increasing reserves ``wouldn't make any sense. I just don't believe it.'
``Why would they buy at these levels? The Chinese are very big holders of dollars. It would send a negative message on the U.S. dollar. They're very cautious.'
``It would only complicate the management of their portfolio.'
-END-
It’s Klapwijk who makes no sense.
To the GATA camp:
Dear Bill
As I watch gold hit $700, I’m thanking God for the many blessings this has allowed. I also want to thank you and GATA for shedding light on the untold story of gold manipulation. I have no doubt I may have missed this whole move if I didn’t subscribe and believe in your analysis these past few years.
God Bless,
Peter Grandich
One point to make. There is nothing close to knowing what GATA knows to have nailed this gold market move. One other positive is, like Jim Sinclair, I was a big time commodities trader in another life … one who put on a limit position at one time.
This has helped me understand what is going on here. Many of the gold pundits have never traded a futures contract in their life. There is no way they could get a feel for how a market trades like Jim and I have. There is no substitute for that kind of extensive experience.
The gold shares were their usual comatose selves this morning, even with gold rocking along. It was pitiful. However, they caught some serious bids late, as the HUI began to quietly run away from 385/386 resistance. As it became apparent this heavy resistance area was to be overrun, the bids became more aggressive.
After all, there are more gold pundits who are OUT of this market than in. What does one do when you are predicting a correction for weeks and months … only to see gold fly to $700? At one point do these gold pundits, who are dead wrong, bite the bullet and start buying the shares? Some started today. They (SO MANY OF THEM) have a long way to go.
The XAU rose 7.63 to 167.46, while the HUI gained 17.16 to 393.28.
HUI
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=hui&sid=0&o_symb=hui&fre....
Gold, silver and the shares remain THE historic investment opportunity of a lifetime. Starting to look that way, isn’t it.
YEAH!
GATA BE IN IT TO WIN IT!
MIDAS
Eurasia EURO Gold Klondike -
Nobel, Viktor Vekselberg Renova want Charaltyn -
because he knows its the richest Gold projects
in the world -
that the price a firesale bargain at a dime
on the fiatdollar -
he will be back to buy more -
Eurasia TKA - refused to sale him more -
TKA - maybe Thyssen Krupp holding -
using ally-caretaker -
to keep their unions out -
to me a demand from Viktor, TKA -
russia and the rest of EURO -
will blow the Eurasia Gold -
from $0.45 - 4.50 - 45 - 450 -
no doubt -
Eurasia the new Klondike in EURO
the Last Frontier -
with 100's of Gold deposits - only
drilled to 300' but still classified
as Gold deposits which can be mined
for a profit by russian engineers who
did explorations for 50 years with soviets
ussr gov. fundz -
thanks Nobel - good info.
posted by Wheeler.
Russia's Renova is controlled by billionaire
businessman Viktor Vekselberg - wanted to buy
all of Charaltyn for $300 million -
he was only allowed to buy 25% for $75 million -
with a much higher POG $677.00/oz today it was
smart move - he would get about double today,
imo.
http://www.ivarkreuger.com/Eurasia.htm
.
PRESS: Russia's Renova close to buying 25% in Kazakh gold co
http://www.aton.ru/en/news/publication.asp?id=107922&page=1&order=pubdate&type=publicati....
Renova-Capital, affiliated with Russia's Renova group,
is about to close a deal to purchase about 25% in Kazakh gold
producer Charaltyn, Vedomosti business daily reported Tuesday
citing three independent unspecified sources
close to the deal.
Alexander Yakubov, analyst with CenterInvest Securities,
told Vedomosti that Charaltyn could cost up to U.S. $300 million.
In this case, the price for a 25% stake might be $75 million,
he said.
Renova Capital’s Managing Director Oleg Tsarkov declined
to comment on the deal.
But Kirill Lipa, managing director of Aton's investment
banking department, told Vedomosti he confirms that
Renova Capital is in talks to buy the stake.
Aton is acting as a consultant to Charaltyn,
the newspaper said.
On August 24, Charaltyn announced its plans to merge
with Canada's Eurasia Gold, Vedomosti said.
If Renova manages to buy the stake in Charaltyn,
it would get a chance to become a shareholder in Eurasia Gold,
which is listed on the Toronto stock exchange,
Vedomosti said.
Charaltyn is currently developing Kazakh gold deposits
with estimated reserves of about 85 tonnes.
Russia's Renova is controlled by billionaire
businessman Viktor Vekselberg.
Prime-TASS
http://www.aton.ru/en/news/publication.asp?id=107922&page=1&order=pubdate&type=publicati....
Renova
http://nccg.ru/en/site.xp/050048054124.html
http://www.aton.ru/en/news/publication.asp?id=107922&page=1&order=pubdate&type=publicati....
Fund Rises $21Bln in H1
Aug 30, 2005
Billionaire Viktor Vekselberg's
holding company, Renova, agreed
to buy 25 percent of Kazakh gold producer
Charaltyn, Interfax reported,
- The Moscow Times,
--
UrAsia Energy Ltd.
The company's board of directors
includes Ian Telfer as its non-executive Chairman.
http://www.freemarketnews.com/eRADIOLaunch.asp?rid=350
,
Btw.
Russia's Renova is controlled by billionaire
businessman Viktor Vekselberg - wanted to buy
all of Charaltyn for $300 million -
he was only allowed to buy 25% for $75 million -
with a much higher POG $677.00/oz today it was
smart move - he would get about double today,
imo.
http://www.ivarkreuger.com/Eurasia.htm
.
EGX - old post - Renova buys Aug. 2005 -
PRESS: Russia's Renova close to buying 25%
in Kazakh gold co -
http://tinyurl.com/dba8c
Renova-Capital, affiliated with Russia's Renova
group, is about to close a deal to purchase
about 25% in Kazakh gold producer Charaltyn,
Vedomosti business daily reported Tuesday
citing three independent unspecified sources
close to the deal.
Alexander Yakubov, analyst with CenterInvest
Securities,
told Vedomosti that Charaltyn could cost up
to U.S. $300 million.
In this case, the price for a 25% stake
might be $75 million, he said.
Renova Capital’s Managing Director Oleg Tsarkov
declined to comment on the deal.
But Kirill Lipa, managing director of Aton's investment
banking department, told Vedomosti he confirms that
Renova Capital is in talks to buy the stake.
Aton is acting as a consultant to Charaltyn,
the newspaper said.
On August 24, Charaltyn announced its plans to merge
with Canada's Eurasia Gold, Vedomosti said.
If Renova manages to buy the stake in Charaltyn,
it would get a chance to become a shareholder in Eurasia Gold,
which is listed on the Toronto stock exchange,
Vedomosti said.
Charaltyn is currently developing Kazakh gold deposits
with estimated reserves of about 85 tonnes.
Russia's Renova is controlled by billionaire
businessman Viktor Vekselberg.
Prime-TASS
http://www.aton.ru/en/news/publication.asp?id=107922&page=1&order=pubdate&type=publicati....
Renova
http://nccg.ru/en/site.xp/050048054124.html
http://www.aton.ru/en/news/publication.asp?id=107922&page=1&order=pubdate&type=publicati....
Fund Rises $21Bln in H1
Aug 30, 2005
Billionaire Viktor Vekselberg's
holding company, Renova, agreed
to buy 25 percent of Kazakh gold producer
Charaltyn, Interfax reported,
- The Moscow Times,
--
UrAsia Energy Ltd.
The company's board of directors
includes Ian Telfer as its non-executive Chairman.
http://www.freemarketnews.com/eRADIOLaunch.asp?rid=350
,
Btw.
Russia's Renova is controlled by billionaire
businessman Viktor Vekselberg - wanted to buy
all of Charaltyn for $300 million -
he was only allowed to buy 25% for $75 million -
with a much higher POG $677.00/oz today it was
smart move - he would get about double today,
imo.
http://www.ivarkreuger.com/Eurasia.htm
Posted By: Nobel1
at another forum
.
Eurasia Gold $669.20 per ounce -
well, it will be long ride UP -
EGX SChart TA TI Alert
^^^ Bull BreakOut Started ^^^
TA Signal # 1 - EGX Bull ST Wave In Action -
Elliott Wave Principle pattern -
Calls for 5 Bull Short Term Waves -
makes one LT Wave -
EGX Bull has 3-4 more Short Term Bull Waves to Go -
to complete # 1 Long Term Bull Wave -
Elliott Wave Pattern Calls for 5 LT Bull Waves -
EGX Gold $669.20 Up $5.00 -
Mother 888 Gold -
Wheeled Out - resistance (666 black toped) -
Gold On Next Target - 888 -
No Resistance - before $850-870 -
Follow Rh $4180 per ounce -
frontrunner - Right Road - Clear -
Move On -
http://tinyurl.com/7r4f5
http://tinyurl.com/s8nts
Great things are happening for Eurasia Gold -
the Eurasia Gold - may become the largest
Gold producer in EURO / ASIA? i hope -
they suffered hardship under the old USSR's
left tyrants for long time -
The Gold price - EGX Liberty -
EURO's New Klondike will do very well -
Great Eurasia Gold Future -
http://tinyurl.com/n4dpr
http://tinyurl.com/jcvce
http://tinyurl.com/zv8wh
http://tinyurl.com/poonk
Eurasia Gold Corp - EGX:TSX.V -
Eurasia Gold Corp EGX:TSX.V -
http://tinyurl.com/l9hkf
Not many EGX share for sale -
but a large EGX demand on TSX -
http://tinyurl.com/jcvce
Note. the EGX / Top LT Trend Line calls
for $2+
Tia. - Imo.
Eurasia Gold Corp.
BigChart LT TA Alert * BreakOut Bull *
Starting -
Long Term Bull Run -
Competition between the major Gold and
Junior producers have started -
http://www.investorshub.com/boards/board.asp?board_id=5452
.
Competition between the major Gold and
Junior producers have started -
http://www.investorshub.com/boards/quotes.asp?ticker=egx&qm_page=15293&qm_symbol=v.egx
Eurasia Gold Corp. receives conditional approval
for listing on the Toronto Stock Exchange -
TORONTO, April 20 /CNW/ -
Eurasia Gold Corp.
(TSX-V:EGX - News; "Eurasia") is pleased to announce
today that the Toronto Stock Exchange ("TSX") has
conditionally approved the listing of its common
shares.
The conditional listing approval allows Eurasia to
list its common shares for trading on the TSX
subject to Eurasia fulfilling all of the
requirements of the TSX and filing final listing
documentation.
Eurasia will now proceed to complete the previously
announced business acquisition of all of the shares
of JSC Charaltyn, a company with gold production in
Kazakhstan
(see press releases of Eurasia
dated November 30, 2005 and January 11, 2006).
Details of the business acquisition are disclosed
in the management information circular of Eurasia
dated November 22, 2005, which is available on
www.sedar.com.
It is expected that the business acquisition will
be completed in May 2006, and Eurasia intends to
file final listing documentation with the TSX
and to have the listing effective shortly
thereafter.
Eurasia will make a further announcement once the
effective date of the listing is determined.
THE TSX VENTURE EXCHANGE HAS IN NO WAY PASSED UPON
THE MERITS OF THE PROPOSED TRANSACTION AND HAS NEITHER
APPROVED NOR DISAPPROVED THE CONTENTS OF THIS PRESS
RELEASE
For further information
contact: Baltabek Mukashev,
President and CEO,
+ 7 3272 581-081,
baltabek@andas-gold.kz
Ismail Nishanbayev,
CFO,
+ 7 3272 743-371,
mnishanbayev@nursat.kz
Graham Bevan,
Director,
+ 44 7798 721952,
graham.bevan@eurasiagold.com
Eurasia Gold Corp.,
(416) 504-2899,
info@eurasiagold.com
Source: Eurasia Gold Corp.
http://www.investorshub.com/boards/board.asp?board_id=5452
http://www.investorshub.com/boards/board.asp?board_id=2127
.
Eurasia Gold Corp. GOLD $642.00 per ounce
Eurasia Gold Corp.
EGX - a firesale and bargain -
its still unknown to most investors -
and still a baby Gold leader last 3 months.
http://tinyurl.com/n4dpr
Imo.
Eurasia Gold - Mid Tier Gold producers -
- compared to - Goldcorp GG, Kinross KGC, Barrick ABX
and Newmont NEM -
- the preformance by Eurasia EGX -
has been excellent outstanding -
- EGX has given the Shareholders a 175%
increase in the shares value over the last 3 months -
- still the EGX another giant is still just waking Up -
may become a large Goldproducer in EURO / Asia
in the future -
http://www.investorshub.com/boards/board.asp?board_id=5404
.
Eurasia Gold -
needs your investments -
help yourself -
DD..
Eurasia Gold
links below --
fiatz$ reflecting the printing is -
the evils 666 - anti-Christ -
destroying America ? -
EGX Gold $586.20 -
Rhodium $4130.00/oz Frontrunner -
Gold POG soon to follow Rhodium -
http://tinyurl.com/poonk
The Day Argentina Hit Rock Bottom -
Thousands of people saw their life savings disappear -
"It was a catastrophe for us," says Ms Garcia...
http://news.bbc.co.uk/2/hi/business/4534786.stm
Can we escape it with more fiat$ paper-printings ? -
or will it will be the same for us one day ? -
I prefer to be prepared in safety for it -
This period will still be looked at, in retrospect,
as one of the opportune moments to have
accumulated some Gold stocks for the
nebulous future -
Eurasia Gold - EURO - Asia -
will Eurasia become -
- A New Klondike Golden Frontier ? -
http://tinyurl.com/d7han
http://finance.yahoo.com/q/bc?s=EGX.V&t=1y
RE: Eurasia Gold - Mid Tier Gold producers -
Bless Christ The Lord
http://www.888c.com
.
EGX Gold $580.70 -
Rhodium $4130.00/oz Frontrunner -
Gold POG soon to follow Rhodium -
imo. Bob
http://tinyurl.com/poonk
EGX Gold $575.20 - Rhodium $4130.00/oz Frontrunner -
Gold POG soon to follow Rhodium -
imo. Bob
EGX Gold $564.70 - Rhodium $4030.00 -
Gold futures closed at a three-week high Monday,
silver struck a new 22-year peak and
copper traded at its highest ever level,
as the dollar weakened ahead of a Federal
Reserve meeting.
Adding to the uptrend, bankz raised its forecasts
for Gold, copper, nickel and aluminum and said
metals are entering the "sweet spot of the
Commodity Supercycle."
The COMEX April Gold contract closed up $6.90 at
$567.40, its highest level since March 3.
The dollar was last down 0.7% against the yen
with investors cautious ahead of a two-day Fed
monetary policy committee meeting.
The central bank is widely expected to raise
interest rates by a quarter point, its 15th
straight hike, bringing rates to 4.75%.
But investors are expected to focus most closely
on the statement accompanying the decision, the
first to be made under the stewardship of new
chairman Ben Bernanke.
If the statement fails to signal further hikes,
the dollar will fall, providing support for gold.
For gold, "the early March peak of $570.50 is the
next obvious target," said research firm Action
Economics.
Gold was further boosted by comments from an
official at the Bank of China's Australian
operations, who argued that the Chinese central
bank should hold more gold in its forex reserves
as a way of diversifying away from dollars,
according to Action Economics ....
EGX a Gold prod. leader -
btw. I feel good be with the 888 -
Gold stocks outside America -
EGX makes it a bit harder for the 666 to
confiscate - 888 - EGX Gold stocks -
The Eurasia faught off - 666 and got
- 888 - Liberty 1991 -
http://www.888c.com/
Bless Christ The Lord.
Posted by an 888 Brother.
Btw. Low cost Gold producers -
http://www.tsx.com/HttpController?GetPage=QuotesViewPage&SelectedSymbol=EGX&RowNumber=1&....
http://www.conservative.ca/EN/2444/
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