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

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.



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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

I put the gold price on gf gold price thread.

However,I am also putting it here today because it is over the magic 400:-
i.e.400.25

Taken back to top. POG now $403.

cheers GF.

METALS STOCKS

Gold futures end above $400 an ounce
Prices close near session's high; copper, silver rally

By Myra P. Saefong, CBS.MarketWatch.com
Last Update: 4:34 PM ET Dec. 1, 2003







SAN FRANCISCO (CBS.MW) -- A sharp drop in the U.S. dollar forced gold futures to close above $400 an ounce Monday for the first time in nearly eight years.

Many analysts expect prices to climb even higher, but some urged caution going forward.

February gold traded Monday as high as $404 an ounce on the New York Mercantile Exchange, its highest level since February of 1996. The high surpassed the $402 high from the last Nymex session, which came before the Thanksgiving holiday.

The contract closed at $403.80 an ounce, up $5.80 for the session.

"The gold market is continuing to attract buyers as the dollar continues to slide to new ... contract lows," said John Person, head financial analyst at Infinity Brokerage Services.

The U.S. dollar fell to another all-time euro low, also declining against a host of currencies Monday as investors and officials have been, so far, hesitant to halt a correction for the record U.S. trade gap. See Currencies report.

Dollar weakness and reports of a street battle in which U.S. forces killed more than 50 Iraqis and guerrillas are "keeping the market underpinned," James Moore, an analyst at TheBullionDesk.com in London, wrote in a note to clients Monday.

Grady Garrett, chief trading strategist at EnergyTrendAlert.com, also pointed out that shopping data from Visa USA indicated very firm sales on the two shopping days following Thanksgiving Day. See Retail Stocks.

"At this point, the economy continues to look like it is on track," he said, which is a long-term positive on demand for gold. "A section of the pundits have been underestimating the economic recovery every step of the way," he said.

But "this may translate to the end of the bull ride for gold," Person warned, pointing out that he had been expecting gold prices to reach $400 to $420 by the end of the year.

"The market has appreciated by over $25 an ounce in as little as a month," he said, so "profit taking will be a feature as we climb near the $420 level."

The real test

That's not to say prices won't move any higher.

Now that gold prices have pierced $400, "the real test for the gold bull market begins," said Ben Johnson, president of money management firm First Securities Northwest in Portland, Ore.

In the last 15 years, the gold price peaked four times in the $400 to $425 area, he said.

"In 1989, 1990, 1993, and 1996 gold traded in this range for a month or two -- only to subsequently fall significantly," he said.

So, the market will need to see prices break above, or hold in this "decisive area for more than just a couple of months, to assure that the current three-year gold bull market in U.S. dollar terms is not over," Johnson said.

Silver tops three-year high; copper rallies

Also on Nymex Monday, other metals futures closed mainly higher, with the industrial metals posting sharp gains on upbeat economic demand prospects.

Silver tacked on as much as 3 percent to touch a three-and-a-half year high, and copper rallied 5 percent.

March silver added 8.8 cents to close at $5.47 an ounce after climbing to a high of $5.57 -- the highest price the market has seen since February of 2000.

March copper climbed 4.7 cents to close at 96.1 cents a pound. It climbed to a more than two-week high at 96.25 cents earlier in the session.

January platinum also climbed by $5.10 to $774 an ounce. The December contract for palladium closed at $189 an ounce, up 20 cents.

On the supply end, gold inventories stood at 3.06 million troy ounces, down 195 troy ounces as of late Friday.

Silver stocks totaled 124.5 million troy ounces, unchanged from the previous session, and copper supplies were down 708 short tons at 289,257 short tons.

Metals stocks' four-session climb

In the equities arena, metals mining stocks closed higher after showing some afternoon weakness. Indexes marked four-session winning streak.

Mining stocks saw some weakness at midday, with some indexes even logging a modest decline, but Brien Lundin, editor of Gold Newsletter said pullbacks are actually healthy for the market.

"The gold equities are merely climbing the proverbial wall of worry, and a good dose of skepticism is good for the longer-term health of this bull market," he said.

Gold will "continue to climb this wall, sputtering ahead in fits and starts until it proves it can maintain a price plateau over $400," he said.

And "as it does so, the mining stocks will once again jump ahead," he said.

Tracking the metals sector as a whole Monday, the Philadelphia Gold and Silver Index (XAU: news, chart, profile) closed at 112.21, up 2.3 percent, and the CBOE Gold Index ($GOX: news, chart, profile) tacked on 2.3 percent to close at 94.04. Both indexes closed at fresh six-year highs.

The Amex Gold Bugs Index (HUI: news, chart, profile) moved higher as well, up 2.9 percent to close at 255.59. The index continues to trade at its highest levels in at least seven years.

Several index components touched fresh 52-week highs, including Newmont Mining (NEM: news, chart, profile), Freeport-McMoran Copper and Gold (FCX: news, chart, profile), and Placer Dome Gold (PDG: news, chart, profile).

Myra P. Saefong is a reporter for CBS.MarketWatch.com in San Francisco.


cheers GF.

Thanks gf.I am delighted you posted above on this site as it gives all of us
an overall view of the entire Stockmarket worldwide - not just gold - as
gold is the barometer for the dollar/All currencies worldwide/terrorism/
everything about the entire American economic health.
Now that gold is so high - and probably going higher - it will be interesting
to see how BAD everything gets in relation to the dollar/terrorism and what
effect this will - if any - on the Nasdaq,etc and FTSE,etc which is where we
- investors - will be effected. rgds aj