Archive through October 28, 2005

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rederob

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Post Number: 1556
Registered: 10-2002

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Tuesday, October 11, 2005 - 05:43 pm:

archer
unless LHG make an adverse market announcement about restarting production (note that mining is continuing unabated) i will have a buy order at $1.65 tomorrow
the financial impact of lost production is less than half a percentage point per day, so the share price decline has already factored in about a month's lost production (after just 2 days)
accordingly, there will be a strong bounce when the road is cleared
these bargains come about rarely and usually play out pretty well

archer

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Post Number: 1044
Registered: 11-2002

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Wednesday, October 12, 2005 - 09:11 am:

Gold hits 632 oz dollars
Silver to 10.35

archer

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Post Number: 1046
Registered: 11-2002

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Wednesday, October 12, 2005 - 09:54 am:

Rederob
This article probably explains the gold and silver volatility the night before
http://www.guardian.co.uk/business/story/0,3604,1589110,00.html

archer

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Post Number: 1047
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Wednesday, October 12, 2005 - 09:57 am:

Schaeffer's addendum: There is plenty for contrarians to like about gold, including the ongoing skepticism in the face of powerful price action as expressed in the piece quoted above. And the gold stocks have their own contrarian allure, with just 29 percent of analysts rating them a "buy," the lowest consensus "buy" rating over the past 18 months.

kate

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Post Number: 157
Registered: 04-2005

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Wednesday, October 12, 2005 - 11:25 am:

I thought the article below was interesting, the changing "role" of gold.

http://www.aireview.com/index.php?act=view&catid=3&id=2834&setSub=1

archer

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Post Number: 1052
Registered: 11-2002

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Wednesday, October 12, 2005 - 12:15 pm:

Snips
``A lot of the hedge funds are selling crude oil and getting into gold.''
----
``Gold has been appreciating against most if not all major currencies over the past several weeks, which signals worldwide inflation,'' said Alliance Financial's McGhee. Alliance trades about $250 million of gold annually. ``Gold will continue to march higher over the next several weeks, if not months.''
----
``As the picture gets gloomier for the U.S. economy, this will fuel the demand for gold as a neutral currency and hedge against inflation.''
---------
``The toughest part of any situation like this is, the consumer is the one who lays out the extra money and probably won't get an 18 percent increase in pay this year,'' Waldron said Oct. 6 in a telephone interview. ``We have homes in Alabama that were selling for $500,000 last week and this week are going for $550,000, with no changes.''
-------
http://www.bloomberg.com/apps/news?pid=10000081&sid=anhKdsGq2VwI&refer=australia

rederob

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Post Number: 1565
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Wednesday, October 12, 2005 - 04:44 pm:

POG presently trading around US$478 with OzPOG breaching $536 for the first time since... I will have to investigate.....
POS has broken over US$7.80 and seems quite settled, with OzPOS slightly better than $10.40
Looks like this trend is gathering a good degree of momentum and not really caring too much about external factors - the usual drivers aren't even in the same vehicle now!

rederob

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Post Number: 1566
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Wednesday, October 12, 2005 - 06:08 pm:

US$480 has capitulated.
Greenspan wanting to up interest rates too...
Don't think DOW movements will knock the trend at the moment, nor a stronger greenback, as POG rises keep on keeping on.
In the inimitable words of Big Kev, "I'm excited".

rederob

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Post Number: 1575
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Thursday, October 13, 2005 - 10:34 pm:

$480 proved as fleeting as one of the Captain's posts on gold.
Funds kicked POG into submission and stole $10 to leave it badly bruised at the start of today, but vibrant nevertheless: POG clawed up thru the afternoon session to reach over $474.
As this evening dawns (?) the "plunge protection team", as some have named the POG price manipulators, is again at it folding POG below $470 altho there seems good buying support and we keep getting a bounce.
In other currencies, and just as the US market opens tonight (POG @ US$471.20) we see POG @ euro$393 and AU$628 - silver @ AU$10.30 and climbing hastily after opening bell.

captain_chaza

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Post Number: 1526
Registered: 02-2003

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Thursday, October 13, 2005 - 11:03 pm:

Ahoy Officer Bluey and World's best 1* Bandit

Don't blame me if you are trapped in the last century?

In this century and since the introduction of the EURO
GOLD is an INDUSTRIAL METAL
And FULL STOP! before I get angry

capn

"While we stop and think, we often miss our opportunity." Publilius Syrus, 1st century B.C.

"I believe the future is only the past again, entered through another gate."
Sir Arthur Wing Pinero 1893

"There are two times in a man's life when he should not speculate: When he can't afford it, and when he can." Mark Twain, 1897

kate

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Post Number: 164
Registered: 04-2005

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Friday, October 14, 2005 - 01:10 pm:

Captain C
If I incur your wrath so be it.
Could you please explain your post bearing in mind my knowledge of commodities is in the early stages of development.

Regards
Kate

rederob

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Post Number: 1576
Registered: 10-2002

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Friday, October 14, 2005 - 02:44 pm:

Captain
I am sure you are right.
I have always enjoyed being wrong and have established it as a standing operating procedure.
I therefore look forward to you telling me what has led to more gold used in jewelry fabrication than any other application.
In fact, more gold is "hoarded" and used in official coins than for industrial purposes.
But the facts should never get in the way of a good story, kate.

rederob

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Post Number: 1581
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Friday, October 14, 2005 - 11:15 pm:

Immediately prior NY markets opening for trading tonight it looks as tho funds are dumping gold, with prices falling below $467 and still declining.
The first question we would normally ask is if we have seen the peak in POG for some months, as we did around a similar time last year.
Anything is possible, but at the moment it's less likely because I believe we are yet to see the cyclical (short term) decline in the greenback - a general signal for gold price resurgence.
More importantly this time around, physical markets have been quickly buying gold on the slightest weakness, suggesting they view $500 as an inevitability and it's better now than later!
POS has declined in tandem tonight and is having trouble at $7.60 but comfortable slightly below.
Let's see what the morning brings by way of fresh news.

smallworld

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Post Number: 359
Registered: 01-2004

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Saturday, October 15, 2005 - 01:28 am:

reberob,
the night is still young, but i'm going to bed.
I think POG might finish where it started at 472.
Now I can be wrong, but EUR is rising against USD as I write.

rederob

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Post Number: 1582
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Saturday, October 15, 2005 - 08:46 am:

smallworld
POG recovered to close at US$469.20 (euro$388 and AU$623.50).
Meanwhile POS was a star p