GOLD

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'Urban miners' fleece cellphones for precious metals

http://www.nzherald.co.nz/section/st...0506650&pnum=0



Eco-System, established 20 years ago near Tokyo, typically produces about 200-300 kg of gold bars a month with a 99.99 per cent purity, worth about $5.9 million to $8.8 million.
That's about the same output as a small gold mine.

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Could be relevant to gold and silver.....



The

price of platinum could increase by 50% in 2008, according to a
poll of analysts by the Reuters news agency. Prices are pushed higher
by production problems in South Africa and a rise in demand for
catalytic converters using the metal to filter fumes. The poll sees the
median price of platinum at US$2,000 an ounce in 2008 and US$2,100
in 2009. It was US$1,304 in 2007. Anglo American, which produces

40% of world platinum output, has been hit by power cuts and strikes

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Elliot Wave .com are kinda gloomy at times but when theres a free week on their website as there is now its a good time to read it....




So I sold gold to hedge my silver positions tonite....

[JBmurc]

imho can't see gold fall down through 800 but hey anything can happen the USD has gained well against the EURO still USA #1 export is paper money mid to long term GOLD going alot higher

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look at what greenspan wrote in 1967 !

http://www.cyclesman.com/greenspan1967.htm

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a little while ago I unhedged
small profit on the gold trade... tho gold can go 930 without breaking ew interpretation...

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Released over the weekend.

Gold has rallied nicely toward Inverse Head and Shoulders Neckline Resistance as expected (see Daily Chart below) & with Support now at $910/$905 looking for Gold to now complete this Inverse Head & Shoulders reversal pattern with another rally today, confirming the resumption of Gold’s Uptrend - toward new highs for the year !