Hope this helps board members out. Come on $400.



cheers GF.

nb, updated 2.30am wed.

Wishing you all

A

HAPPY CHRISTMAS

And

NEW YEAR

 

Have a GOOD ONE.

 

from

Zarif

GoGoGold

Now on 415$. Bemas finished like a train in the US.

Yup look like its going for a new high. Bema and Avocet are the ones to be in.

cheers GF.

Taken back to top.

taken back to top. Incidently, Evil K and Zak Mir have a year end price of $550
on gold, T Winnifrith is more conservative and is going for $485. Food for thought.

cheers GF.

GF,

Oxus have poured Gold!

LONDON (AFX) - Oxus Gold PLC said gold production has commenced, on
schedule, at the company's Amantaytau Oxides project in Uzbekistan.
This production comes only nine months after the start of construction at
the mine.
Oxus CEO Bill Trew said: "This is an enormous accomplishment for the team at
Amantaytau, who have worked tirelessly to bring this low-risk, low-cost project
into production in record time."

Wow new high 0f $422.Bema BAU and African Eagle AFE both flying this afternoon, plenty of upside in these two.

cheers GF.

Blimey its gone even higher $425.

Heres an interesting note from one of my brokers Seym Pierce.........

The US authorities are continuing to promote the idea that interest rates will remain stable in 2004. With the large budget and trade deficits, the US will need to continue to print dollars to fund its budget commitments, and spend dollars importing goods and services from overseas. This implies that the dollar will continue weakening – with consensus pointing towards a decline to US$1.35 to the euro, a further significant fall from the current level of US$1.26. The corollary of a weaker dollar is higher dollar-based commodity prices.

Clearly, supply/demand factors also influence commodity prices, but we think that gold supply factors are largely under control. This is related to the lack of exploration and development of new deposits in recent years, as low prices have constrained budgets for all but the best projects. Indeed, the rise in gold production over the past twenty years has slowed appreciably in the new century, and 2004 may actually see the first year of falling mine output.

Gold supply from the world’s central banks is also likely to remain under control, with the expectation that the Washington Agreement will be renewed later this year. This is set to maintain the limit of around 400t/year on annual gold sales by the main European central banks. As these banks had been the key sellers of gold, the initial agreement aided the supply/demand factors for the metal, and boosted sentiment.

Mining companies have also reduced gold supply through another route. This has come from their concerted attempt to reduce forward selling – which had effectively brought forward the sale of future production. The close-out of forward sales tends to work in the opposite direction, with the use of mined gold to repay gold borrowings from central banks and other lenders. Admittedly, this benefit to the gold market is set to decline over time as the proportion of mined production sold into the spot market increases. However, the prospects for lower output tend to offset this to some extent.

On the demand side, jewellery demand can be split into two areas – developed world demand (which is largely insensitive to price) and developing world demand (which is largely price sensitive). An improving global economy, leading to higher discretionary spending, should aid developed world demand, but there is likely to be some contraction in developing world consumption. This may be muted by a weaker dollar, restricting the rise in local currency prices and may slow demand contraction. Nevertheless, the decline in developing world demand is likely to be significantly above the level of growth in the developed world. Consequently, some other component of demand will have to improve in order to benefit the commodity.

Our view is that this will come from increased investment demand. This will be related to investment markets looking for other investment media in view of concerns about the dollar and worries that the US markets, in particular, stand on relatively full valuations. Given current uncertain markets we think that gold will remain an attractive home.

Exposure to gold can be gained through direct investment in the metal (aided by the recent listing of Gold Bullion Securities). However, obtaining exposure through the equity market can yield additional benefits. Pure gold producers such as AngloGold, and Harmony in South Africa (where we anticipate a return to rand weakness) could be of interest. However, UK investors may like to consider Anglo American amongst the majors, while Avocet, Highland Gold, and Peter Hambro Mining are some of the smaller UK-listed gold producers.

cheers GF.

Another new high $429. African Eagle AFE is looking good for further upside.

Should be,come on $500!

Back to top.

GF,

did u give up on SVR?

MM

Yup, unfortunately just after the mini profits warning. Thinking seriously of going in again.
GF.

brought back to top.

back to top

$426 and going higher. African Eagle awaits your investments.

cheers GF.

AFE, AVM, OXS, BEMA, just to name four great gold shares, and if you don't have any one of these in your portfolio right now you must have a screw loose !!imop

Ill second that Scottie.

gf.