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     archer
Member
Username: archer
Post Number: 339
Registered: 11-2002Rating: N/A
Votes: 0
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| | Monday, October 25, 2004 - 06:59 pm: | 
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Wow the US dollar is gettin smashed
I expect a big effort to minimize the damage come the morn
in the U.S or this could lead to a little panic
I expect they will try to knock gold down hard as well
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rederob
Member
Username: rederob
Post Number: 431
Registered: 10-2002Rating: N/A
Votes: 0
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| | Monday, October 25, 2004 - 08:25 pm: |
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$430 has gone
Next please
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ingot54
Member
Username: ingot54
Post Number: 189
Registered: 05-2004Rating: N/A
Votes: 0
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| | Tuesday, October 26, 2004 - 03:49 pm: |
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Castro bans US dollar
October 26, 2004 - 10:56AM
"Five days after falling and fracturing a knee and an arm, Cuban President Fidel Castro has appeared on television with his arm in a sling to announce Cuba will end circulation of the US dollar within a fortnight.
Castro, 78, was shown from the chest up sitting behind a table during a program denouncing US moves to tighten sanctions against his communist-run government and curb the flow of remittances and tourist dollars to Cuba.
Wearing his trademark military uniform, Castro said the issue was so important that he had to be on the program despite Wednesday's accident.
"The empire is determined to create more difficulties for us," he said, referring to Bush administration steps to restrict travel and cash flows to the island nation.
A Central Bank decree said the dollar will no longer be accepted in shops from November 8, when Cubans and foreigners will have to exchange them for a local currency with a 10 per cent commission.
Castro was obliged to legalise the currency of his archenemy in 1993 after the end of Soviet communism plunged Cuba's economy into its worst crisis."
Does this mean that the cuban unit of currency will soon be stronger than the mighty greenback? Maybe Castro is positioning Cuba to survive something bigger than all of us!
Man stand for long time with mouth open, before roast duck fly in - Chinese saying.
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archer
Member
Username: archer
Post Number: 344
Registered: 11-2002Rating: N/A
Votes: 0
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| | Thursday, October 28, 2004 - 01:58 pm: |
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He who owns the gold, makes the rules.
------------
http://www.gold-eagle.com/editorials_04/ing102704.html
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ingot54
Member
Username: ingot54
Post Number: 191
Registered: 05-2004Rating: N/A
Votes: 0
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| | Thursday, October 28, 2004 - 02:27 pm: |
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Sobering article, Archer.
The USA must be wishing their brash words about the communists could be taken back!
The Chinese are very patient, and have long memories.
What could not be achieved by force, looks about to be achieved by trade!
Another sobering thought (perhaps for the Chinese) : Years ago, it was popular to say "The Japanese lost the war, but they won the peace".
Looks like everything is cyclical. Look at Japan/Nikkei etc today. Are we looking at China through binoculars?
When money speaks, the truth keeps silent. Russian Proverb
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rederob
Member
Username: rederob
Post Number: 436
Registered: 10-2002Rating: N/A
Votes: 0
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| | Saturday, October 30, 2004 - 02:26 pm: |
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POG has been one of the more consistent performers over the last 6 months (increasing over 15%), but is now having difficulty breaching $430.
Markets are expecting some decisive action after US elections are out of the way.
Irrespective of any short term swing, the continuing northward advance is unlikely to be stemmed in the medium term as greenback weakness becomes more pronounced.
Major support lines are drawn at $420 and then $410 - any retrace below $410 could see a protracted consolidation period before tackling $430 again.
Although technically there is room for a spurt up to $340, indicators are a little stretched and another few weeks or so in the $415-430 range will give gold the strength to carry decisively above $450 in early 2005.
Extrapolating the cyclical peaks places gold at $445 in the last fortnight of 2004.
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rederob
Member
Username: rederob
Post Number: 444
Registered: 10-2002Rating: N/A
Votes: 0
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| | Thursday, November 04, 2004 - 06:02 am: |
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With Bush anointed leader of the free world for another 4 years gold's ascent is assured.
While gold's price in USD terms remains high, the little Aussie dollar continues to strengthen and has clipped POG to AU$560.50 and POS to AU$9.40 for the time being.
Few Americans saw the "economy" as an election issue on Tuesday, but in 4 years time that should change significantly as the greenback spirals into oblivion and Asia (largely via China) dominates world business.
What is reassuring so far this week is that gold has held firm despite trading through relatively large daily ranges.
I see a few weeks more upside before any meaningful retrace.
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rederob
Member
Username: rederob
Post Number: 448
Registered: 10-2002Rating: N/A
Votes: 0
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| | Thursday, November 04, 2004 - 10:27 pm: |
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Tonight we might get lucky:
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goldbug
Member
Username: goldbug
Post Number: 65
Registered: 02-2004Rating: N/A
Votes: 0
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| | Friday, November 05, 2004 - 01:41 pm: |
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maybe tonight rederob...
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rederob
Member
Username: rederob
Post Number: 449
Registered: 10-2002Rating: N/A
Votes: 0
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| | Friday, November 05, 2004 - 04:36 pm: |
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goldbug
The charts are looking looking good, but a little weakness of gold in past hour might not bode well:
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goldbug
Member
Username: goldbug
Post Number: 66
Registered: 02-2004Rating: N/A
Votes: 0
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| | Saturday, November 06, 2004 - 08:18 am: |
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Finally....
To the moon Alice...
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rederob
Member
Username: rederob
Post Number: 453
Registered: 10-2002Rating: N/A
Votes: 0
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| | Saturday, November 06, 2004 - 01:13 pm: |
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goldbug
What an interesting "ride" overnight.
US jobs data smashes gold price in a matter of minutes.
Then a rally over the next 2-3 hours that sets gold above psychological $430 barrier.
Finally, profit taking cuts in late before any buy-stops are triggered to carry POG over $435.
Given greenback weakness, POG's performance disappointed.
We need to see POG break well over $435 next week to generate a push to $450 before year's end.
Am satisfied with the outcome overnight but concerned that no follow-through eventuated.
Maybe just too much action in equities for the funds to get really bullish?
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greatdane
Member
Username: greatdane
Post Number: 152
Registered: 12-2002Rating: N/A
Votes: 0
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| | Monday, November 08, 2004 - 09:29 am: |
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1003 [Dow Jones] Spot gold quoted by TheBullionDesk at $432.35/oz, just shy of 16-year high hit Friday in NY. ANZ Bank says if gold can sustain break above $430, can't rule out hitting $450 in near future; says rise in financing needs for U.S. trade deficit expected to place further downward pressure in near term on USD, which will help push gold higher. Technical buying to provide support for spot gold, it says. (RCB)
0946 [Dow Jones] Shares in gold miners face upward pressure with spot gold quoted by Kitco at US$433.15, up almost US$3 from late Friday in Asia, as USD weakens further. Major gold miners will extend last week's advances, probably in range 2%-3% including Newcrest (NCM), Lihir (LHG), Croesus (CRS), Resolute (RSG). Among juniors, Perseverance (PSV) set to build on last week's 19% gain, Agincourt (AGC) to make fresh high, Kings Minerals (KMN) to at least consolidate at relatively high current level, ditto Bolnisi (BSG). (RCB)
Regards, GreatDane
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rederob
Member
Username: rederob
Post Number: 457
Registered: 10-2002Rating: N/A
Votes: 0
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| | Monday, November 08, 2004 - 02:44 pm: |
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"To the moon, Alice... "
After the Eagle has landed:
One small step.... (over $437), and
One giant leap.... (to $450)
From the space-to-ground tapes:
EAGLE: 540 feet, down at 30 [feet per second] . . . down at 15 . . . 400 feet down at 9 . . . forward . . . 350 feet, down at 4 . . . 300 feet, down 3 1/2 . . . 47 forward . . . 1 1/2 down . . . 13 forward . . . 11 forward? coming down nicely . . . 200 feet, 4 1/2 down . . . 5 1/2 down . . . 5 percent . . . 75 feet . . . 6 forward . . . lights on . . . down 2 1/2 . . . 40 feet? down 2 1/2, kicking up some dust . . . 30 feet, 2 1/2 down . . . faint shadow . . . 4 forward . . . 4 forward . . . drifting to right a little . . . O.K. . . .
HOUSTON: 30 seconds [fuel remaining].
EAGLE: Contact light! O.K., engine stop . . . descent engine command override off . . .
HOUSTON: We copy you down, Eagle.
EAGLE: Houston, Tranquility Base here. The Eagle has landed!
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rederob
Member
Username: rederob
Post Number: 460
Registered: 10-2002Rating: N/A
Votes: 0
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| | Wednesday, November 10, 2004 - 08:10 am: |
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