Note. Political analyst and former Mavambo/Kusile/Dawn executive Ibbo Mandaza said As long as Mugabe is the Zanu (PF) presidential candidate the party will lose heavily to MDC-T and Tsvangirai since no-one will vote for a 90-year-old man.
UZ law lecturer Greg Lennington said Zanu (PF) members were not telling their leaders and the world publicly that the party will lose because they fear losing what they have acquired, like farms. People within Zanu (PF) rcognise their leader is old and needs to rest, thus this is a source of frustration.
Well-known businessman Alex Mashamhanda said: Judging by public opinion, MDC-T is going to win. Election at the end of July - Zimbabwe had the hyperinflation and survived - will US be the next -
Gold will move in hundreds of dollars a day on Comex soon says Jim Sinclair Posted on 23 July 2013
World famous gold guru Jim Sinclair is telling his followers that the gold price will soon move in ‘hundreds of dollars a day’ when the Comex changes its settlement rules as it must because the exchange is running out of physical gold.
‘The cause of today’s spectacular rise in the gold price is the reality that with Friday continue large drop in Comex warehouse gold inventory,’ he writes. ‘No cogent argument can be formed against the reality that because of the continue fall in gold inventory that within in 90 days or sooner the Comex must change its delivery mechanism.
Cash settlement
‘The highest probability is that Comex will have to move to cash settlement rather than gold. Part of that settlement could be lots of 100,000 GLD (gold exchange traded fund) that represents the ability to exchange for gold.
‘Their problem is that if GLD is part of the settlement mechanism for the spot Comex contract that GLD will be destroyed by the convertibility. It is a truism in gold that which is convertible into gold will in fact be converted over time.
‘Gold rose today because those knowledgeable know the inevitability of the changing of the Comex contract, as it is today which calls for settlement in gold between contracting parties. There is no question this is the emancipation of physical gold from the fraud of no gold, paper gold.
‘The emancipation will cause physical gold exchanges to take birth and to be the discovery mechanism for the price of gold. This is the end of the ability to use paper gold future contracts as a mechanism to make the gold price sing and dance at the will of the manipulators.
True value
‘With manipulation coming to an end the true value of gold will be discovered by the cash exchanges that are now taking birth. The advent of the cash spot exchanges around the world is the natural demise of the Comex set up as convertible and now being converted.
‘As long as one can buy spot, pay insurance, transportation and re-casted by Rand Refinery to Asian products sold profitably, the demands for real gold are ending the hay days or even existence of the futures exchanges.
‘Gold is headed back to be traded as it was before 1973. Gold will trade well above $3,500 and those who have lived in the gold market like me for now 53 years know it. A price of $50,000 for gold is not out of the question as a result of its emancipation from fraudulent paper, no gold, paper gold.’
Gold running out
He continues: ‘The warehouse inventory of every futures gold exchanger is screaming this. The fact that there is no meaningful above ground supply of gold is screaming this. The fact that most of the central banks supply of gold is leased is screaming this.
‘There is no reason why gold cannot move up hundreds of dollars a day when the Comex changes their spot contract settlement, as they must, as they will, very soon.’
The next edition of the popular ArabianMoney investment newsletter has an exclusive interview with Jim Sinclair and edited highlights of his four-hour presentation in Vancouver on July 10th. Sign up to see this private circulation publication (click here).
Caledonia Mining - “Cash costs at the Gold mine are running at around $500/oz, which positions the company well to keep generating cash to self-fund expansion and pay dividends to shareholders. CAL has more than $25 million in cash in Western banks and NO DEBT --
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