Do you want to get all the gold/mining treads onto this site as a huge amount
of repetition ajren

arjen,

I suggest you register with The Daily Reckoning, it provides a free daily newsletter that deals with the serious market and bullion issues.

You may not agree with all they say, but it certainly makes you think.

Gold chart - week of Nov24Monday opens are always difficult to predict. There is a possibility that there will be a brief move higher before starting the pattern.

Found this on my travels in cyberspace

Thanks Scottie/Andy/Zarif.Now I have more info to work with.aj

Thanks Scottie/Andy/Zarif.Now I have more info to work with.aj

Thanks Scottie/Andy/Zarif.Now I have more info to work with.aj

Thanks Scottie/Andy/Zarif.Now I have more info to work with.aj

Thanks Scottie/Andy/Zarif.Now I have more info to work with.aj

Thanks Scottie/Andy/Zarif.Now I have more info to work with.aj

Thanks Scottie/Andy/Zarif.Now I have more info to work with.aj

Thanks Scottie/Andy/Zarif.Now I have more info to work with.aj

Thanks Scottie/Andy/Zarif.Now I have more info to work with.aj

Ajren : you must be onto something exciting as u have posted ythe msj 10 times.
good luck.
Uncanny but mkt seems to be nearenough flwg the chart.

zarif

Tread carefully today. new terror alert in Turkey

FCO advises Britons against all but essential travel to Istanbul, Ankara and other major cities

zarif.10 is funny.However,I only sent it once.I will edit the 9 out

Looks interesting.

METALS STOCKS

Gold futures close short of $400
Brief breach of key level as dollar sinks

By Myra P. Saefong, CBS.MarketWatch.com
Last Update: 4:17 PM ET Nov. 26, 2003


SAN FRANCISCO (CBS.MW) -- After briefly breaching the $400-an-ounce level Wednesday, gold futures closed a few dollars short of the target they've been teasing for more than a month.



CBS MARKETWATCH TOP NEWS
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U.S. economy gaining strength
Gold prices close short of $400 target




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Contracts on gold for December and February delivery each rose to a high of $402 an ounce on the New York Mercantile Exchange, the highest intraday level for gold futures since February 1996.

But prices eased, with the February contract closing at $398, up $5.60, or 1.8 percent. December gold rose $5.70 to close at $396.80. The figures are short of the closing highs of about $398 an ounce the contracts reached earlier this month, the highest level since March 1996.

Day traders won't get another chance to break $400 this week. Metals trading on Nymex will be closed Thursday for Thanksgiving and remain closed on Friday.

Weakness in the U.S. dollar and initial concerns over a scare in the New York subway system Wednesday prompted traders to buy into the precious metals market ahead of the Thanksgiving holiday.

Fumes from an unknown source put five New York subway workers in the hospital on Wednesday, but authorities said the incident was not terrorism-related and no foul play was suspected.

With people "on edge" regarding terrorist attacks, the subway incident "certainly [was] a good excuse" for the gold market to move higher, said Erik Gebhard, president of Altavest Worldwide Trading.

But "the gold rally could not have happened without assistance from a dramatic stab lower in the dollar," he said. See Currencies Report.

Amaury Conti, a gold equity trader at U.S. Global Investors, agreed. "The subway story and other geopolitical issues have continued to complement gold's safe haven qualities," he said, but a fall in the dollar continues to be the "strong driver" for higher gold prices going forward.

"Pressure is assuredly on the upside, but to be fully convincing we'll need to see two consecutive closes above $400 in the February contract," said Gebhard of Altavest. If that happens, a new trading range of up to $420 will be established, he said.

"Overall, the dollar remains under pressure from an escalation in what could be construed as trade protectionism, from the Fed's continuing easy money stance and from an ongoing war on terror," he said.

"The Fed has postured that it does not see inflation as a risk. Therefore, one can infer they'll be pleased to watch the dollar weaken further in hopes of reinflating the economy," he said.

The slew of economic data released early Wednesday revealed a rise in durable goods, a fall in weekly jobless claims and flat consumer spending, among other things. Read the latest Economic Reports.

Despite the upbeat data, which puts short-term pressure on gold's investment value, "dealer, physical and bargain-hunter buying quickly emerged on the lows," James Moore, an analyst at TheBullionDesk.com in London, told clients in a note Wednesday.

Mining stocks at fresh multi-year high



Metals mining stocks closed higher for a second session at fresh multi-year highs.

"The stocks continue to do well, but there's more behind the story," said U.S. Global Investors' Conti.

With foreign currencies strengthening against the dollar, operations outside the U.S. become more expensive for the metals companies to run, he explained.

But most of the mining projects become "economically viable" with gold at around the $400 level, he said.

Conti's favorite stocks include Bema (BGO: news, chart, profile), Goldcorp (GG: news, chart, profile), Newmont Mining (NEM: news, chart, profile) and Toronto Exchange-traded Northern Orion (CA:NNO: news, chart, profile). All of those shares closed higher Wednesday.

Tracking the sector as a whole, the Philadelphia Gold and Silver Index (XAU: news, chart, profile) closed at 107.68, up 2.9 percent, and the CBOE Gold Index ($GOX: news, chart, profile) added 3 percent to 90.13. Both indexes closed at their highest level in more than six years.

The Amex Gold Bugs Index (HUI: news, chart, profile) gained 4 percent to close at 242.58 -- at least a seven-year high.

Among the index components, Coeur d'Alene Mines (CDE: news, chart, profile) tacked on 50 cents, or 11.4 percent, to close at $4.88 and Kinross Gold (KGC: news, chart, profile) added 47 cents, or 5.6 percent, to end the session at $8.80.

cheers GF.

Hi gf.Many thanks for so much essential detail and work.
.............
396.25 now shows I should have gone with my gut instinct i.e.they were too
cheap : terrorism,dollar,etc.cheers aj

Ajren dont forget, Yamana Gold floats in the morning. Could be another Bema if POG holds up.

cheers GF.

Thanks -- I will have a look.

New York Spot Price :-
Ask : 397.00
Bid : 366.50
UP : 4.90/1.25 per cent

World Spot Price :-

Ask : 397.60

Bid : 397.10