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Thread: GOLD

  1. #11
    Member trader10's Avatar
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    I'm wondering what gold will do in the next weeks ahead )) I've got physical gold.....and the only stock on hold with gold is AGS....

    Russia 'test-fires ballistic missile'

    December 9, 2007 - 7:14AM

    Russia test-fired an inter-continental missile with new equipment able to pierce anti-missile shields, state news agency RIA said, underscoring Moscow's determination to assert its military might.

    The RS-12M Topol ballistic missile, called the SS-25 Sickle by NATO, was successfully launched at 17:43 pm (0143 AEDT) from Kapustin Yar firing range in southern Russia, RIA said, citing a spokesman for rocket forces.

    "The launch was carried out with the aim of confirming the stability of the fundamental flying and technical characteristics of this class of missile," Rocket Forces spokesman Alexander Vovk told RIA.

    He said the test was part of a trial of unspecified new equipment that could pierce anti-missile shields. Russian generals say the country is working on weapons that would pierce any shield the United States could make.

    The launch of the revamped missile comes amid US plans for a missile defence shield in Europe, which Russian President Vladimir Putin has said would threaten Russian interests.

    Putin signed a law last week suspending Russia's participation in the Conventional Forces in Europe (CFE) Treaty in a step which could allow it to deploy more forces close to western Europe. The move comes into force on December 12-13.

    As configured in 1985, the Topol has a maximum range of 10,000 km, and can carry one 550-kiloton nuclear warhead. The 20.5 metre long missile was designed in the 1970s and made its first flights in 1982.

    The last launch of a Topol missile took place on October 18.

    Buoyed by huge oil revenues, Russia under Putin has been boosting military spending while at the same time using diplomacy to broaden Moscow's influence.

    This week, Russia said it would start the first major navy sortie into the Mediterranean since Soviet times. Eleven ships, including an aircraft carrier, will take part in the sortie and be backed up by 47 aircraft-including strategic bombers.

    © 2007 Reuters

  2. #12
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    looks like gold is breaking out of its symmetrical triangle on the daily chart should get up to around 875

  3. #13
    Senior Member ananda77's Avatar
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    ...with the ongoing enormous increase in the amount of paper money in mind (and a pick up in inflation in just a few months time -A SURE BET-), a study by Peter Millar in 2006:

    ""The Relevance and Importance of Gold in the World Monetary System"

    concluded that a 'Seven-fold increase in gold [is] needed to avert debt depression'

    excerpts: "In the second half of the 20th century we saw a repeat of the first three phases of the same cycle:

    "-- Phase 1: Stability from 1944 to 1968 under a gold standard.

    "-- Phase 2: Inflation from 1968 to 1981, which caused and justified another buildup of debt.

    "-- Phase 3: Disinflation from 1981 until the end of the 20th century, and maybe to the present.

    "However, it appears that Phase 4 (instability and ultimately deflation due to excessive debt) may have started. If so, Phase 5 (revaluation of the gold price to raise the monetary value of the world monetary base and hence reduce the burden of debt) becomes likely or inevitable. The extent of that revaluation would need to be major according to our calculations, probably by a factor of at least seven times, possibly up to 20 times the current price of gold."

    read the full study here: http://www.gata.org/node/4843

    ...and more "Comparison shows gold underpriced by US$ 400" here:

    http://tinyurl.com/23tdgu


    Kind Regards
    Last edited by ananda77; 30-12-2007 at 08:51 PM. Reason: correction

  4. #14
    FEAR n GREED JBmurc's Avatar
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    Wink What the!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

    If you have interest in GOLD check out the latest price 872 it has just hit 2nd gear $900 soon might have to take my profits on me GOLD bull warrant soon 100% profits sounds good
    "With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." Carlos Slim Helu

  5. #15
    Junior Member brookvill's Avatar
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    Smile Golden times

    Gold now trading at above A$1000 certainly great news for unhedged, or lightly hedged producers. this price action has the hallmarks of a very early speculative move in gold.
    With the US heading into a recession gold will certainly be on the move up for some time. Interesting times ahead for us gold bugs
    .

  6. #16
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    a big night for the metals both of them broaching the highs from earlier this month
    For clarity, nothing I say is advice....

  7. #17
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    Gold Fields, the fourth-largest gold producer in the world, has said it expects production at its South African facilities to drop between 15 percent and 20 percent as a result of the country’s ongoing electricity crisis. Two other leading South African gold producers are expected to announce production dips as well. While the situation exemplifies the importance of electricity supplies and infrastructure in developing countries, this might also be a move to control gold prices.


    AngloGold Ashanti, the world’s third-largest producer, could project a loss of 400,000 ounces of gold at its South African operations, while Harmony Gold Mining Co. could project a loss of almost 26,000 ounces from its South African operations as a result of power outages in the country.
    South Africa’s primary domestic energy producer, Eskom, saw its generating capacity reduced by a fifth because of repairs and maintenance ahead of an expected surge in demand during the upcoming South African winter season. Poor planning (including inadequate stockpiling of coal reserves) and a dearth of qualified engineers and technicians have contributed to the crisis, which has included load-shedding throughout the country that has disrupted not only mining operations but also supplies to all consumers, including residences and business offices.
    The South African government is attempting to fix the electricity crisis; it has moved to reopen shuttered coal-fired power plants, and it has advertised tenders for the construction of new plants, including nuclear ones. The construction of new power plants likely will take at least a couple of decades, and in the meantime, all sectors of the South African economy — including its critical mining sector — likely will have to make due with an estimated 10 percent less electricity in the short term.
    While the South African electricity crisis does threaten output in the country’s mining sector — a critical driver of the country’s economy — the move could be an attempt by gold producers or gold-producing countries to manipulate prices. Barrick Gold Corp., the world’s leading producer, reportedly said Feb. 21 that labor and other supply chain disruptions (such as heavy rains) in late 2007 at its mines in Tanzania reduced production in that country. Newmont Mining Corp., the second-largest gold producer, reportedly said Feb. 19 that output at its Peruvian mines fell 39 percent in 2007, and gold output overall in Peru — which ranks fifth in global production — fell 17 percent in 2007.
    South Africa’s economy overall is likely to see its 2008 growth rates lowered because of the electricity crisis. However, reduced output and high demand have helped propel the price of gold to record highs — a circumstance not unfavorable to gold-producing companies and countries.
    Last edited by peat; 27-02-2008 at 07:45 PM.
    For clarity, nothing I say is advice....

  8. #18
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    Went short USD/Zar, expanding triangle on 3 hour and daily chart and currently looks overbought

  9. #19
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    Default Shorted GLD

    Long term trend line and two fib levels hopefully acting as resistance... good risk reward in my opinion stop at 942.15


  10. #20
    Legend peat's Avatar
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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.
    For clarity, nothing I say is advice....

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