Hallo und einen guten Morgen,

nachfolgend eine kurz Analyse zu Gold- Minen aus SA.

Heute wird versucht werden Gold unter 275 UZ $ zu drücken, aus"verständlichen Gründen" mir währe auch nicht"wohl" etwas zu VERKAUFEN, was ich nicht habe!
Wie des Kaisers"neue Kleider"!

Melde mich später, mit aktuellen SA Minen Kurse wieder!

MfG

AU

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GOLD *
Date published: 2001/05/28
Author: Stoltz, Piet
Report Type: Morning Meeting Notes
JSE Code: IX14
Gold lease rates are still firming and, together with the lowering of the US interst rates have put presure on contango. This decreases the likelihood of speculators shorting gold on small margins. The same goes for hedging as producers stand to lose upside if they hedge on these small margins. This is good for gold as it allows fundamentals to drive the price, rather than speculators. However, rumours and interpretation led to the gold's weakness in recent days after the Russian president said that the government could sell some of its reserves (not only gold in its reserves) to provide relief for the flood-hit Sakha Republic. Media interpreted this as gold selling, which would have created an appetite for speculators to short gold despite the low contango. Gold fundamentals remain strong and the latest World Gold Council (WGC) report shown that gold demand has increased by 5% for the first quarter 2001 compared to the same period last year. Incidentally, this is an all time high for gold in Q1 reporting. Q4 in 2000 reported also an all time high. The Indian gold market, as the biggest gold buyer, has increased its off take again. This coupled to the deregulation of the Chinese market during this year will see demand rising. We remain bullish in the medium to longer term on the prospects of the gold price.


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