Jan. 13, 2004 - Gold $423.50 - Platinum $857.00 - Silver $6.56
GATA Love That Silver
When you cannot make up your mind which of
two evenly balanced courses of action you
should take -- choose the bolder.
... William Joseph Slim
GO GATA!!
Gold was under pressure all of last evening and
all during the Comex session.
It mattered little that the dollar was fairly
weak early this morning.
The Gold Cartel folks are desperately trying to
take Gold below $420 and to keep it from taking
out $430.
They did manage to knock bullion to $422.20, where
it hit a stone wall. Considering the effort put
in to break Gold down technically, the close
wasn’t too bad.
The Gold Cartel is huffing and puffing, but I don’t
think they will be able to blow the house down.
Silver continues to maintain its very firm tone.
It was bashed to $6.47 when the cabal crowd attacked
Gold, but it came right back, jumping 4 cents late
to return to the unchanged level.
Have some new silver input for you from one
of our sources.
It comes out of the Middle East.
Veteran Café members will remember what this Café
member sent us concerning huge hedge fund
Gold buying a ways back:
Dear Bill
You will probably remember that when the Gold was
struggling with the $325 I sent you information
that a big European fund which bought
2.6 billions worth of Gold.
This information came to me from a friend, a
banker which took an active part of the
purchasing process hence was total 100% reliable.
At the time, the fund's target was $380 at
which point it intended to exit.
Well, they are still in.
But, he now tells me that this fund switched some
of it's Gold to silver in the first 10 days of
January - worth 250 millions dollar.
Searching the world they couldn't find the
40 millions silver ounces they wanted, so some
of it went into derivatives.
Thank you for all the work you are doing.
So far you are spot on.
D
Silver should be ready to make a run
for $7 fairly soon.
With buyers like the one above, Buffet, etc.,
it is going to be hard to break silver down.
More and more big league buyers want in.
The Gold open interest rose 4181
contracts to 304,406.
The silver open interest only dropped 544
contracts to 110,596.
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. EGX:TSE.V,
Gold Mining Projects:
About The EGX Company
Eurasia Gold Corp, ( v.EGX, EAGCF:Nasdaq )
is a Gold producing company
incorporated in Canada and headquartered
in Toronto, Ontario.
The EGX company operates two Gold Mines in Gold production,
in the Republic of Kazakhstan through its wholly owned
subsidiary, Andas-Altyn LLP.
The EGX 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 Gold is extracted by heap leaching.
EGX GOLD Mining Projects
The two EGX Gold Mines projects in Gold production
have an estimated resource of 850,000 ounces
of GOLD.
The Gold Ore ($420 x Au 850,000 ounces = $357,000,000.00)
The Central Mukur and Myaly mining licences
host 59 known Gold deposits
zones of oxide mineralization.
Six of these zones were mined during the years.
The remaining Gold zones are at various stages
of exploration or mine development to ensure
continuity of Gold mining operations.
It is Eurasia’s objective to increase its
annual Gold production incrementally
to Au 60,000 ounces.
Increase in Gold production will come through
increasing the production capability of the
two EGX existing Gold producing projects,
and through development of the other EGX oxide
deposits in Kazakhstan.
~ EGX with 67 zones of oxide mineralisation
remain to be further developed/explored,
according to Minesite.
Highlights from Q3, 2003 earning report ( in US dollars )
- amount of Gold sold was 7,443 ounces
- average production cost for the 9 months
- was $246.00/oz incl. cost for expansion of
- heap leach pads etc.
- Gold was sold at an average price of $362.89/oz
- revenue was $2,701,000
- net profit was $169,000 (only from 3rd Q3, 2003 earning report)
DD: Eurasia Gold Corp. (EGX:TSX-V)
Email: eurasia@eurasiagold.com
Website: www.eurasiagold.com
Please do your own DD before investing in any stocks, imo.
GATA Love That Silver
When you cannot make up your mind which of
two evenly balanced courses of action you
should take -- choose the bolder.
... William Joseph Slim
GO GATA!!
Gold was under pressure all of last evening and
all during the Comex session.
It mattered little that the dollar was fairly
weak early this morning.
The Gold Cartel folks are desperately trying to
take Gold below $420 and to keep it from taking
out $430.
They did manage to knock bullion to $422.20, where
it hit a stone wall. Considering the effort put
in to break Gold down technically, the close
wasn’t too bad.
The Gold Cartel is huffing and puffing, but I don’t
think they will be able to blow the house down.
Silver continues to maintain its very firm tone.
It was bashed to $6.47 when the cabal crowd attacked
Gold, but it came right back, jumping 4 cents late
to return to the unchanged level.
Have some new silver input for you from one
of our sources.
It comes out of the Middle East.
Veteran Café members will remember what this Café
member sent us concerning huge hedge fund
Gold buying a ways back:
Dear Bill
You will probably remember that when the Gold was
struggling with the $325 I sent you information
that a big European fund which bought
2.6 billions worth of Gold.
This information came to me from a friend, a
banker which took an active part of the
purchasing process hence was total 100% reliable.
At the time, the fund's target was $380 at
which point it intended to exit.
Well, they are still in.
But, he now tells me that this fund switched some
of it's Gold to silver in the first 10 days of
January - worth 250 millions dollar.
Searching the world they couldn't find the
40 millions silver ounces they wanted, so some
of it went into derivatives.
Thank you for all the work you are doing.
So far you are spot on.
D
Silver should be ready to make a run
for $7 fairly soon.
With buyers like the one above, Buffet, etc.,
it is going to be hard to break silver down.
More and more big league buyers want in.
The Gold open interest rose 4181
contracts to 304,406.
The silver open interest only dropped 544
contracts to 110,596.
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. EGX:TSE.V,
Gold Mining Projects:
About The EGX Company
Eurasia Gold Corp, ( v.EGX, EAGCF:Nasdaq )
is a Gold producing company
incorporated in Canada and headquartered
in Toronto, Ontario.
The EGX company operates two Gold Mines in Gold production,
in the Republic of Kazakhstan through its wholly owned
subsidiary, Andas-Altyn LLP.
The EGX 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 Gold is extracted by heap leaching.
EGX GOLD Mining Projects
The two EGX Gold Mines projects in Gold production
have an estimated resource of 850,000 ounces
of GOLD.
The Gold Ore ($420 x Au 850,000 ounces = $357,000,000.00)
The Central Mukur and Myaly mining licences
host 59 known Gold deposits
zones of oxide mineralization.
Six of these zones were mined during the years.
The remaining Gold zones are at various stages
of exploration or mine development to ensure
continuity of Gold mining operations.
It is Eurasia’s objective to increase its
annual Gold production incrementally
to Au 60,000 ounces.
Increase in Gold production will come through
increasing the production capability of the
two EGX existing Gold producing projects,
and through development of the other EGX oxide
deposits in Kazakhstan.
~ EGX with 67 zones of oxide mineralisation
remain to be further developed/explored,
according to Minesite.
Highlights from Q3, 2003 earning report ( in US dollars )
- amount of Gold sold was 7,443 ounces
- average production cost for the 9 months
- was $246.00/oz incl. cost for expansion of
- heap leach pads etc.
- Gold was sold at an average price of $362.89/oz
- revenue was $2,701,000
- net profit was $169,000 (only from 3rd Q3, 2003 earning report)
DD: Eurasia Gold Corp. (EGX:TSX-V)
Email: eurasia@eurasiagold.com
Website: www.eurasiagold.com
Please do your own DD before investing in any stocks, imo.
