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Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
Message: From MIDAS tonight...mine production figures updated & Adrian
Mine production…Bill,
FYI,The reports I have seen from top gold producers so far in the first quarter 2008, I have mine production down 16.6%. 5.803 MM oz vs 6.956 MM oz. Company q108(mm oz) vs q107(mm oz)Barrick 1740…………... 2030Freeport 280…………... vs 956Newmont 1290…………... vs 1294Anglo 1200…………... vs 1370Newcrest 441…………&... 390Kinross 331…………&... vs 389Goldcorp 521…………&... vs 527Goldfields ?Yamana ?Harmony ? Looks like we might be past peak Gold production. Non monetary Gold exports continue to be one of the fastest growing exports out of the US. With M-3 now through 20% YOY. Housing prices continuing to fall and a Fed willing to monetize anything and everything, time appears to be on our side.
Garicunlocking gold's true valueBill,
You can answer his issues on your own but here is my two cents:1) Gold demand in India has been consistently rising. They are smart enough to time their imports on price pull backs. They have not driven the price up from $255 to $1000 but they have been a floor under the market on price declines2) Rising gold demand is coming from many places including China (liberalized gold market), Middle East (wealth effect of oil prices), some Central banks, ETF, western investors, large funds trying to diversify (Calpers etc etc)3) To wonder where gold demand is going to come from when the price rises is exactly what the cartel is trying to achieve. In fact unlike any other commodity when the price of gold rises its demand increases (hence the price suppression scheme). In fact its price doesn’t rise …it takes more and more dollars to buy an ounce. This means the "price of the dollar" is falling. This means the dollar is worth less and less gold. Which means its worth less and less oil, its worth less and less copper, its worth less and less rice etc etc. If one has no problem seeing the endless demand for such things as oil then one should have no problem seeing an endless lack of demand for dollars. Oil has hardly changed in price in terms of gold. The key is that gold is money.4) Remember that the engineers who built the Titanic didn’t foresee any "demand" for lifeboats because the Titanic was unsinkable so there were only enough for a fraction of the passengers. Of course the supply and demand scenario changed when the Titanic hit an iceberg. The USS Fiat Dollar Titanic has hit an iceberg.5) Escape from fiat means "spending it"…getting rid of it. This means buying things that you need in the future (like rice, copper, oil etc) but most real things are really inconvenient to store. Gold is a store of wealth, it is real money, and it is convenient to hold. Over 6000 years it has been the lifeboat of choice.6) The dumping of gold by CB’s and use of derivative markets has been intended to be the band on the main deck of the Titanic…and the band plays on. When the music stops there are no choices left!
Cheers
Adrian
FYI,The reports I have seen from top gold producers so far in the first quarter 2008, I have mine production down 16.6%. 5.803 MM oz vs 6.956 MM oz. Company q108(mm oz) vs q107(mm oz)Barrick 1740…………... 2030Freeport 280…………... vs 956Newmont 1290…………... vs 1294Anglo 1200…………... vs 1370Newcrest 441…………&... 390Kinross 331…………&... vs 389Goldcorp 521…………&... vs 527Goldfields ?Yamana ?Harmony ? Looks like we might be past peak Gold production. Non monetary Gold exports continue to be one of the fastest growing exports out of the US. With M-3 now through 20% YOY. Housing prices continuing to fall and a Fed willing to monetize anything and everything, time appears to be on our side.
Garicunlocking gold's true valueBill,
You can answer his issues on your own but here is my two cents:1) Gold demand in India has been consistently rising. They are smart enough to time their imports on price pull backs. They have not driven the price up from $255 to $1000 but they have been a floor under the market on price declines2) Rising gold demand is coming from many places including China (liberalized gold market), Middle East (wealth effect of oil prices), some Central banks, ETF, western investors, large funds trying to diversify (Calpers etc etc)3) To wonder where gold demand is going to come from when the price rises is exactly what the cartel is trying to achieve. In fact unlike any other commodity when the price of gold rises its demand increases (hence the price suppression scheme). In fact its price doesn’t rise …it takes more and more dollars to buy an ounce. This means the "price of the dollar" is falling. This means the dollar is worth less and less gold. Which means its worth less and less oil, its worth less and less copper, its worth less and less rice etc etc. If one has no problem seeing the endless demand for such things as oil then one should have no problem seeing an endless lack of demand for dollars. Oil has hardly changed in price in terms of gold. The key is that gold is money.4) Remember that the engineers who built the Titanic didn’t foresee any "demand" for lifeboats because the Titanic was unsinkable so there were only enough for a fraction of the passengers. Of course the supply and demand scenario changed when the Titanic hit an iceberg. The USS Fiat Dollar Titanic has hit an iceberg.5) Escape from fiat means "spending it"…getting rid of it. This means buying things that you need in the future (like rice, copper, oil etc) but most real things are really inconvenient to store. Gold is a store of wealth, it is real money, and it is convenient to hold. Over 6000 years it has been the lifeboat of choice.6) The dumping of gold by CB’s and use of derivative markets has been intended to be the band on the main deck of the Titanic…and the band plays on. When the music stops there are no choices left!
Cheers
Adrian
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