Warum der Silberpreis steigt...

verfasst von Tofir, 04.01.2002, 21:56

Gold seesawed in the early going but stayed in shallow negative territory as the financial markets operated in a quandary on the potential fallout from the situation in Argentina. Yesterday, the Argentine government failed to make a loan payment to Italian banks. So default is now a reality. A 40% peso devaluation is about to follow, according to press reports last night and this morning. The big story in the precious metals continued to be silver where lease rates are both very high and and in backwardation signaling strong activity by silver shorts to cover positions. Traders believe that Warren Buffet, who owns some 165 million ounces of silver and has it out on lease, may be pulling it in as a reaction to the Enron collapse. There are rumors circulating the gold market that Buffet had silver leased to Enron, as reported here some time ago, and is now concerned about being blind-sided by other less than stable silver creditors. The volatile situation in the silver market is giving gold a boost. In addition, the general perception that pro-gold Newmont will win the bidding war against AngloGold for Australia's Normandy is also adding underlying strength to told market. Newmont is anti-hedging and its success in acquiring Normandy would be a blow -- both symbolically and in reality -- to the gold shorts, who may be forced to cover their positions in rapid fashion.

Quelle:usagold

Deckt sich mit meinen Vermutungen bez. ENRON und Buffett.

Gruss

tofir

<center>

<HR>

</center>

Thread gesperrt

 

gesamter Thread:

• Warum der Silberpreis steigt... - Tofir, 04.01.2002, 21:56