Dec. 30 - Gold $416.40 - Platinum $814.00 - Silver $5.97
Gold And Silver Strut Into Multi-Year New High
Ground Once Again
The desire for Gold is the most universal and deeply
rooted commercial instinct of the human race...
Gerald M. Loeb
Both Gold and Silver came in higher and both ended up
that way.
Each traded quietly in yo-yo fashion for most of the session.
Gold ended up leaving another tiny gap, while silver
was taken down on the day in the early going.
The dollar continued its weak string, closing at 87.35,
down .39.
The euro rose again, climbing .55 to 125.19.
Gold is breaking away from its congestion area around
the $410 mark and has closed up 5 days in a row.
Gold also closed in new 14-year high ground.
Gold
futures.tradingcharts.com/chart/GD/24
Two Gold related points stand out:
*Bullion is breaking one technical barrier after another
and doing it with little fanfare.
It seems the media would like Gold to just go away.
Unfortunately for them, it just keeps going higher.
I get the sense they don’t want Gold’s rise to take away
from all the celebration over the big year the stock
market had.
*While Gold continues to break into new high ground,
there is little volatility.
It continues to creep up.
This is very unusual.
Normally, there would be all kinds of activity when
a market does what gold has just done.
It seems since The Gold Cartel cannot stop the Gold price
rise, they intend to keep the rise as calm as possible.
It also seems to me this is the calm before the storm.
Whether it will be the continued fall of the dollar, a
geo-political event, or some kind of financial market
debacle, something is going to trigger a Gold price
explosion, one which shouldn’t be too far off.
The Gold derivatives neutron bomb is going to ignite
at some point which should trigger our long awaited
Commercial Signal Failure.
The Gold open interest rose 1637 contracts to 277,327.
The silver open interest only rose 824 contracts to 102,680.
That is not very much for a 17 cent rise in the price.
Morgan Stanley was the seller again and continues to
go further underwater with his short position.
Silver closed right on its highs and looks more explosive
by the day.
If Warren Buffet is the buyer, as I have been informed,
the shorts have no chance.
Gold appears to be building steam for some serious upside
fireworks.
There is plenty of fund buying power out there which
should send the prices of both Gold and Silver soaring
in the weeks ahead.
futures.tradingcharts.com/chart/GD/C3
futures.tradingcharts.com/chart/GD/W
futures.tradingcharts.com/chart/GD/M
This year has been a very satisfying one.
Next year will be stunning.
It's a mirror reflection of 1978 - 1979 and its the
Gold-print 1980, Au its on strong a come back...
cbs.marketwatch.com/charts/...ick=1&rand=604274928&siteid=mktw
Merry Christmas and a happy holiday season to all.
GATA BE IN IT TO WIN IT!
The Crystal ball ~
~ Video Clip from GATA about GOLD ~
www.smartstox.com/interviews/gata.html
Eurasia Gold Corp. ( v.egx, EAGCF ) is a GOLD producing
mining company incorporated in Canada and
headquartered in Toronto, Ontario.
The company operates two Gold Mines in the Republic
of Kazakhstan through its wholly owned subsidiary,
Andas-Altyn LLP.
The company’s primary business is mining and processing
Gold as well as acquiring and developing additional
Gold deposits in Kazakhstan.
The EGX GOLD Mines use conventional
open-pit mining methods and the Gold is
extracted by heap leaching.
www.eurasiagold.com/goldprod.html
Mining Projects
The Central Mukur and Myaly mining licences host 59 known
zones of oxide mineralization.
www.eurasiagold.com/index.html
Six of these zones were
mined during the year 2000.
The remaining zones are at various stages of exploration
or development to ensure continuity of mining operations.
The two projects have an estimated resource of 850,000 ounces
of gold with 67 zones of oxide mineralisation remain to be
explored, according to Minesite.
It is Eurasia’s objective to increase its annual GOLD
production incrementally to 60,000 ounces.
This increase will come through increasing the production
capability of the two existing projects, and through
acquisition and development of other oxide deposits
in Kazakhstan.
The Board is continuing with its chosen strategy of
running the company on an un-hedged basis.
The value today of the two Gold Mines development and
infrastructure would cost above $40 millions.
Add the value of 59 more gold deposits with feasibility
studies, and nearly 30 years of exploration activities
made by the Soviet will indicate Eurasia's market cap
of CDN $10.65 millions as of December 10, 2003 to be
extremely undervalue.
Shares ownership structure
Number of shares oustanding: 118,332,250
Number of shares held by Thistle Mining and CIDEM: 68,269,253
Number of shares held by directors and officers: 4,283,437
Number of shares held by retail/instituition investors, ( float ): 45,779,560
The EGX;
Gold production at the Central
Mukur and Myaly mine sites
increased from 17,946 ounces in 2001
to 26,481 ounces in 2002,
a 48% increase is considered very satisfactory.
The cash cost of production in 2002 averaged
US$237 per ounce...and about $210 in 2003
A record production of 8,596 ounces of GOLD
was precipitated during the 3rd quarter of 2003,
compared to 7,328 ounces in the 2nd quarter.
EGX is doing extremely well and making a good profit
as well, compared to a lot of other Gold expl.
companies - who trading 100 times more in market
cap values than EGX?
EGX has plenty of more hard assets of Gold Mines
today and should be trading in a much higher
values than in 1996...
a TA hidden top EGX trendline
shows the target closer to $2.00,
cbs.marketwatch.com/charts/...tick=1&rand=80379664&siteid=mktw
The EGX is a bargain low cost Gold Producer
at a low share price for
any investor with foresight to get in
at a good price, imo!
Highlight from Q3, 2003 earning report ( in US dollars )
- A record production of 8,596 ounces of GOLD
was precipitated during the 3rd quarter of 2003,
compared to 7,328 ounces in the 2nd quarter.
- amount of Gold sold was 7,443 ounces
- average production cost for the 9 months was $246.00/oz
(incl. added capitalcost for construction of
more leaching pads)
-remove the improvements costs for more leaching pads
and the actual real cost was about $200/oz Au~GOLD
- Gold was sold at an average price of $362.89/oz
- revenue was $2,701,000
- net profit was $169,000
Outlook for 2004
We can expect large increase in revenue and profit
in the upcoming quarters as Eurasia will greatly
benefit from much higher gold prices.
Management has also proposed that an additional
exploration of ore zones at Central Mukur will be
initiated to further increase the mineable reserves
during 2004.
The combination of higher gold prices, increase revenues,
and the 2004 exploration program can
take EGX to a new height.
Eurasia is a small and low cost gold producer that
will offer investors the best leverage in a
rising gold bull market, imo.
"Positive earnings immediately put a penny stock
company above 85% of the others.
If those earnings are showing signs of increasing
from one quarter to the next, you may be able to
profit greatly from the underlying shares,
especially if you get in early and the trend of
increasing earnings continues...
In the end, a company can only survive by making more
money than it spends.
This is a fact, and a very painful one for many
investors and corporations who have lost sight of
the rules of the game."
Penny Stocks:
The Book by Peter Leeds
Eurasia had already made a profit in Q3 by
selling gold at only $362.89/oz.
It won't be long until Eurasia Gold can reported
the selling of gold at $400/oz plus.
Interview with Ferdinand Lips a world-reknowned
gold expert
www.smartstox.com/interviews/gata.html
www.tse.com/...edPrices&Language=en&QuoteSymbol_1=egx&x=25&y=1
Contact Eurasia Gold
Phone: 416.504.2899
Fax: 416.504.2729
Suite 2215 - 120 Adelaide Street West
Toronto, Ontario
Canada
M5H 1T1
www.eurasiagold.com
@
www.ivarkreuger.com
Please do your own DD before buying any stocks.
Imo. Tia.
Merry Christmas and A Happy New Year
MfG
Gold And Silver Strut Into Multi-Year New High
Ground Once Again
The desire for Gold is the most universal and deeply
rooted commercial instinct of the human race...
Gerald M. Loeb
Both Gold and Silver came in higher and both ended up
that way.
Each traded quietly in yo-yo fashion for most of the session.
Gold ended up leaving another tiny gap, while silver
was taken down on the day in the early going.
The dollar continued its weak string, closing at 87.35,
down .39.
The euro rose again, climbing .55 to 125.19.
Gold is breaking away from its congestion area around
the $410 mark and has closed up 5 days in a row.
Gold also closed in new 14-year high ground.
Gold
futures.tradingcharts.com/chart/GD/24
Two Gold related points stand out:
*Bullion is breaking one technical barrier after another
and doing it with little fanfare.
It seems the media would like Gold to just go away.
Unfortunately for them, it just keeps going higher.
I get the sense they don’t want Gold’s rise to take away
from all the celebration over the big year the stock
market had.
*While Gold continues to break into new high ground,
there is little volatility.
It continues to creep up.
This is very unusual.
Normally, there would be all kinds of activity when
a market does what gold has just done.
It seems since The Gold Cartel cannot stop the Gold price
rise, they intend to keep the rise as calm as possible.
It also seems to me this is the calm before the storm.
Whether it will be the continued fall of the dollar, a
geo-political event, or some kind of financial market
debacle, something is going to trigger a Gold price
explosion, one which shouldn’t be too far off.
The Gold derivatives neutron bomb is going to ignite
at some point which should trigger our long awaited
Commercial Signal Failure.
The Gold open interest rose 1637 contracts to 277,327.
The silver open interest only rose 824 contracts to 102,680.
That is not very much for a 17 cent rise in the price.
Morgan Stanley was the seller again and continues to
go further underwater with his short position.
Silver closed right on its highs and looks more explosive
by the day.
If Warren Buffet is the buyer, as I have been informed,
the shorts have no chance.
Gold appears to be building steam for some serious upside
fireworks.
There is plenty of fund buying power out there which
should send the prices of both Gold and Silver soaring
in the weeks ahead.
futures.tradingcharts.com/chart/GD/C3
futures.tradingcharts.com/chart/GD/W
futures.tradingcharts.com/chart/GD/M
This year has been a very satisfying one.
Next year will be stunning.
It's a mirror reflection of 1978 - 1979 and its the
Gold-print 1980, Au its on strong a come back...
cbs.marketwatch.com/charts/...ick=1&rand=604274928&siteid=mktw
Merry Christmas and a happy holiday season to all.
GATA BE IN IT TO WIN IT!
The Crystal ball ~
~ Video Clip from GATA about GOLD ~
www.smartstox.com/interviews/gata.html
Eurasia Gold Corp. ( v.egx, EAGCF ) is a GOLD producing
mining company incorporated in Canada and
headquartered in Toronto, Ontario.
The company operates two Gold Mines in the Republic
of Kazakhstan through its wholly owned subsidiary,
Andas-Altyn LLP.
The company’s primary business is mining and processing
Gold as well as acquiring and developing additional
Gold deposits in Kazakhstan.
The EGX GOLD Mines use conventional
open-pit mining methods and the Gold is
extracted by heap leaching.
www.eurasiagold.com/goldprod.html
Mining Projects
The Central Mukur and Myaly mining licences host 59 known
zones of oxide mineralization.
www.eurasiagold.com/index.html
Six of these zones were
mined during the year 2000.
The remaining zones are at various stages of exploration
or development to ensure continuity of mining operations.
The two projects have an estimated resource of 850,000 ounces
of gold with 67 zones of oxide mineralisation remain to be
explored, according to Minesite.
It is Eurasia’s objective to increase its annual GOLD
production incrementally to 60,000 ounces.
This increase will come through increasing the production
capability of the two existing projects, and through
acquisition and development of other oxide deposits
in Kazakhstan.
The Board is continuing with its chosen strategy of
running the company on an un-hedged basis.
The value today of the two Gold Mines development and
infrastructure would cost above $40 millions.
Add the value of 59 more gold deposits with feasibility
studies, and nearly 30 years of exploration activities
made by the Soviet will indicate Eurasia's market cap
of CDN $10.65 millions as of December 10, 2003 to be
extremely undervalue.
Shares ownership structure
Number of shares oustanding: 118,332,250
Number of shares held by Thistle Mining and CIDEM: 68,269,253
Number of shares held by directors and officers: 4,283,437
Number of shares held by retail/instituition investors, ( float ): 45,779,560
The EGX;
Gold production at the Central
Mukur and Myaly mine sites
increased from 17,946 ounces in 2001
to 26,481 ounces in 2002,
a 48% increase is considered very satisfactory.
The cash cost of production in 2002 averaged
US$237 per ounce...and about $210 in 2003
A record production of 8,596 ounces of GOLD
was precipitated during the 3rd quarter of 2003,
compared to 7,328 ounces in the 2nd quarter.
EGX is doing extremely well and making a good profit
as well, compared to a lot of other Gold expl.
companies - who trading 100 times more in market
cap values than EGX?
EGX has plenty of more hard assets of Gold Mines
today and should be trading in a much higher
values than in 1996...
a TA hidden top EGX trendline
shows the target closer to $2.00,
cbs.marketwatch.com/charts/...tick=1&rand=80379664&siteid=mktw
The EGX is a bargain low cost Gold Producer
at a low share price for
any investor with foresight to get in
at a good price, imo!
Highlight from Q3, 2003 earning report ( in US dollars )
- A record production of 8,596 ounces of GOLD
was precipitated during the 3rd quarter of 2003,
compared to 7,328 ounces in the 2nd quarter.
- amount of Gold sold was 7,443 ounces
- average production cost for the 9 months was $246.00/oz
(incl. added capitalcost for construction of
more leaching pads)
-remove the improvements costs for more leaching pads
and the actual real cost was about $200/oz Au~GOLD
- Gold was sold at an average price of $362.89/oz
- revenue was $2,701,000
- net profit was $169,000
Outlook for 2004
We can expect large increase in revenue and profit
in the upcoming quarters as Eurasia will greatly
benefit from much higher gold prices.
Management has also proposed that an additional
exploration of ore zones at Central Mukur will be
initiated to further increase the mineable reserves
during 2004.
The combination of higher gold prices, increase revenues,
and the 2004 exploration program can
take EGX to a new height.
Eurasia is a small and low cost gold producer that
will offer investors the best leverage in a
rising gold bull market, imo.
"Positive earnings immediately put a penny stock
company above 85% of the others.
If those earnings are showing signs of increasing
from one quarter to the next, you may be able to
profit greatly from the underlying shares,
especially if you get in early and the trend of
increasing earnings continues...
In the end, a company can only survive by making more
money than it spends.
This is a fact, and a very painful one for many
investors and corporations who have lost sight of
the rules of the game."
Penny Stocks:
The Book by Peter Leeds
Eurasia had already made a profit in Q3 by
selling gold at only $362.89/oz.
It won't be long until Eurasia Gold can reported
the selling of gold at $400/oz plus.
Interview with Ferdinand Lips a world-reknowned
gold expert
www.smartstox.com/interviews/gata.html
www.tse.com/...edPrices&Language=en&QuoteSymbol_1=egx&x=25&y=1
Contact Eurasia Gold
Phone: 416.504.2899
Fax: 416.504.2729
Suite 2215 - 120 Adelaide Street West
Toronto, Ontario
Canada
M5H 1T1
www.eurasiagold.com
@
www.ivarkreuger.com
Please do your own DD before buying any stocks.
Imo. Tia.
Merry Christmas and A Happy New Year
MfG
