A thread set up and dedicated to Gold and Mining stocks.

Gold could be set to bounce up again in the near future and throughout the autumn and winter. Higher oil prices and inflationary worries both here and in the states mean its an excelent hedge against the falling dollar and weaking markets.

Please post which stocks you feel may benefit other posters. Lets all try and make some money from Mining.

cheers GF.

Triple Plate could be one to have a look at.

I will post the latest Broker comments monday.

cheers GF.

POG starting to move up on serious volume.......................


Never mind gold's price, look at volume

By John Brimelow
Last Update: 12:01 AM ET Aug. 30, 2004

NEW YORK (CBS.MW) -- Gold is back above $400 (again). Last week, it seemed to stall (again). But look below the surface.

Peering closely, I see three factors at work:

First, India, the world's biggest gold importer, was unfalteringly a buyer right up to the high of $412 this past week. I gauge Indian off-take by looking at the local premiums. (Read related column.)

Previously, Indian buying has been choked off at these levels. And the busy season for gold purchases in India is only just beginning.

Inevitable outcome: A great deal of metal will go to live in India this fall -- unless world gold moves up sharply from the $400-plus level.

Second, the Middle East also appears to have become gold-hungry. It's more difficult to follow, but those local premiums I can access have started to suggest this.

So do recent reports of quantities traded. Turkey, for instance, imported a record weight of gold in July.

Conclusion: the physical demand for gold is ratcheting up to support the price.

Thirdly, and below the surface, the past two weeks have seen extraordinary increases in Comex (New York Commodities Exchange) open interest, which have accompanied gold price recent moves.

"Open Interest," is the total of futures contracts outstanding. An increase occurs when a buyer bids to acquire a contract -- a promise to deliver -- and is accommodated by a new seller. Or, when a short seller is accommodated by a new buyer.

Since Aug. 12, open interest has gone up 24.6 percent, 54,749 contracts, equivalent to 170 tonnes of net gold buying. This includes one day, Aug. 19, where the rise was apparently the second highest on record.

In other words, gold volume has been huge. It's just the price that has been boring.

The surge in open interest tells us good and bad news. Good: huge buyers have appeared. Bad: so has a huge seller(s).

Who are the buyers? The most popular theory among gold bears: a big mining house trying to eliminate a hedge position.

I think this is unlikely. No one producer is big enough.

My guess: Some U.S. hedge funds are buying gold because they think the geopolitical/economic is unstable. So are large operators from elsewhere, partly responding to the same anti-American sentiment which that is driving the retail Middle Eastern markets.

Next question: Who is the seller? After all, someone has to have taken the other side of the trades.

To me, it has to have been a central bank. There is simply no other long (or short) around with this kind of size, or courage.

There is increasing evidence that the gold market is being manages by the official sector. Imperative reading for serious gold followers is money manager John Embry's discussion of gold manipulation at Sprott.com.

Ultimately, central bank supplies will be exhausted. Revco Research, the adroit Chicago-based traders, bravely went long on Friday, reasoning that selling of this magnitude cannot persist.

Gold's price breakthrough will be fortune-making. In the meantime, a modest rise to a level which will temporarily slow physical buying is very likely.

If gold passes its $431 March high, it will be at a level not seen since the mid-1980sENDS.

cheers GF.

avocet mining will move up soon as long overdue IMHO. its gone up quite a bit in recent months

Yes I agree Scotinvestor and I once again hold this one.

Evolution Beeson Gegory have a 1 plus target on it.

cheers GF.

The comparitive charts showing percentage movement over 1 year for

1. Small Gold Miners

2. Medium Sized Miners

3. Small Gold Exporers.



1.

Blue = Golden Prospect, Black = Avocet, Red = Oxus


2.

Blue = Peter Hambro, Black = Randgold*, Red = Highland Gold

* Randgold as had a share split.



3.

Blue = Cambridge, Black = Caledon, Red = Centamin.


cheers GF.

Goldfinger.

Did you buy any TSG.

Not yet aldwick Im still waiting for POG to rise higher.
cheers Gf. In fact lets show TSG compared to the other gold explorers.



Black = Caledon, Red= Trans Siberian Gold, Blue = Cambridge.

cheers GF.

NB, if anyone wants a comparative gold chart putting up let me know, but remember 3 is the limit on one post.

cheers GF

goldfinger, i dont care what evolution say about AVM's price. I only care about what i think is right. All these brokers and shares magazines are a load of crap.

I expect AVM in next couple of years to be around 2 plus

Fine Scotinvestor thats why we live in a democracy. I hope you are right.
cheers GF.

i was only stating what i thought of them. Yes, we do live in a democracy which we should all be truly thankful.

But most of these brokers only look at things no more than once a year. They dont give a stuff about their clients

Avocet price comparison with other junior miners earlier in the thread.

cheers GF.

I would like to see the comparsion between junior miners and the gold price chart, TSG seems to be linked more closely then most to the price these days.

anyone heard anything positive about MANA lately?

aldwickk, sorry the software cant help with that one.

cheers Gf.

Back to top for Caledon fans.

cheers GF.

Avocet rising nicely at the moment.

cheers Gf.

If there is anybody in Medoro the gold explorer I was told late this afternoon that the Sargold deal would go through in the next few days.

cheers Gf.

South African Resources, (SFU) have been ticking along quite nicely recently. Are probably sitting on quite a pile of Platinum, (and Gold), and have been growing at a considered rate. Some very experienced mining professionals also added to the board in the last few months.



Southern African Resources PLC
03 August 2004

Southern African Resources Plc: SFU / Index: AIM / Sector: Exploration

3rd August 2004
News Item

SOUTHERN AFRICAN RESOURCES LOCATES PGE+AU
DRILL TARGETS IN BOTSWANA AND MAKES OFFER FOR REMAINING TAU MINING SHARES



Southern African Resources Plc ('SAR' or 'the Company'), through its Australian
exploration subsidiary Tau Mining Ltd ('TML'), has identified significant drill
targets for Platinum Group Elements + Gold ('PGE+Au') on its Molopo Farms
Project in the Molopo Farms Igneous Complex ('MFIC') in southern Botswana. The
Company is now commissioning a drill contractor and expects to commence drilling
on a first-pass reconnaissance programme in August.



Following the interpretation of airborne and ground electro-magnetic surveys on
the property, TML has identified a number of targets to be drill tested. These
are situated in the lower part of the MFIC, which is a layered ultra-mafic to
mafic succession. The targeted area is similar in age and litholgy to the
Bushveld Igneous Complex ('BIC'), recognised as the world's premier PGE district
and situated approximately 200 kilometres to the east in South Africa.



The detailed airborne survey area at 250 metre line spacing was carried out
earlier this year along the northern margin of the MFIC. The new aerial
electro-magnetic survey technology used appears to have penetrated the veneer of
Kalahari sand material and has identified conductor zones that are ideal hosts
for PGE and nickel mineralization.



The targets extend over an unusual 26 kilometres in length within this detailed
survey area. Additional targets were identified on reconnaissance lines
throughout the tenement area, which extends over 6,185 square kilometres. Recent
exploration by TML has also included the update and verification of its drill
hole database, and a new integrated geophysical and geological interpretation.



The Molopo Farms Project comprises 10 Prospecting Licences in a first-tier
mining country. The area is considered to be a key exploration district by TML
due to its relatively under-explored nature and the presence of several similar
geological characteristics to the PGE-rich BIC in South Africa, where SAR
already holds significant properties. These include the flagship 4,600-hectare
Leeuwkop 402JQ, the 460-hectare Wolwekraal 407JQ and the 605-hectare Kareepoort
407JQ properties. Recent resource estimates by independent consultants Snowden's
have put the geological potential of this property package at up to 125 million
ounces of PGE+Au, making it potentially one of the largest known platinum
deposits in the world.



Southern African Resources CEO Roy Pitchford said: 'SAR is very keen on
advancing the exploration of its Molopo Farms Project. It has reviewed the
survey data, which was very encouraging, and as a result, a number of drill
targets for the first drill campaign have been defined. SAR believes that there
is huge potential on The Molopo Farms Igneous Complex, which bears geological
similarity to the Bushveld Igneous Complex, the world's most important platinum
district, and view it as one of the most prospective platinum targets in
southern Africa. While there can be no assurance of success, SAR hopes to locate
deposits that will significantly increase an inferred resource base that already
has the potential to emerge as one of the largest platinum group metals
inventories in the industry.'



As anticipated in SAR's announcement of 6th July 2004, the formal Offer Document
for the acquisition of the remaining Tau Mining shares was lodged on August 2nd.
Accordingly, provisional application is being made for the admission to
trading on AIM of up to 10,775,000 ordinary shares of the Company being the
maximum number of shares to be issued if all Tau Mining shareholders accept the
Company's takeover offer.



**ENDS**

Issued on behalf of Southern African Resources Plc by St Brides Media & Finance
Ltd, 46 Bedford Row, London WC1R 4LR.

Contacts:

Roy Pitchford Southern African Resources Plc Tel: 0845 108 6060
Hugo de Salis St Brides Media & Finance Ltd Tel: 020 7242 4477

I have a small interest in this company.

Regards

PTH

Thanks PTH (sfu) look very interesting indeed.

cheers GF.