In 1980 a great GOLD Bull market topped out, POG Options

[goldsmith]

In 1980 a great GOLD Bull market topped out
at a Gold price of 861.

The bear market that followed continued
for 18 year and finally bottomed in 1999 at
a Gold price of 252.

The halfway point between the 1980 high price
for Gold and the 1999 low for Gold comes in
at 556.

In my thinking, as long as spot Gold trades
below 556, Gold and Gold shares should be
accumulated.

I'm using the 50% Principle in relation to Gold.

Like a giant see-saw, Gold below 556 is in the
lower section of the see-saw.

If or when Gold advances above 556 I believe
Gold will have risen to the upper section of
the see-saw, and at that the same time Gold
will be entering the second phase of
the Gold bull market.

The second phase is the phase where Gold
and gold shares will finally be attracting
attention from the retail public.

It will also be at the stage where Wall Street
will concede that "maybe something is happening"
in the Gold area, and that perhaps this is
the time to buy a few Gold shares and even
a few gold coins.

The second phase of any bull market is often
the longest phase.

Following the second phase of the Gold market,
Gold will enter the third and final phase
of the Gold bull market.

This will be characterized by violent mark-ups
in Gold and Gold shares, general hysteria, a
frenzy to trade paper dollars for Gold and
Gold stocks, and a period in which the buying
of Gold items become highly emotional.

The third phase of the Gold bull market will
also be marked by a great fear -
- a fear of being left behind with
"worthless dollars," dollars backed by
absolutely nothing but government fiat
stating that dollars are legal for
the settlement of all debts.

To bring you up to day on the Gold action,
I show below a P&F chart of Gold.

Each box on the chart equals 4 points,
and only reversals up or down of three
boxes (12 points) are shown.

(chart not available)

The chart shows the massive consolidation
pattern which began in early 2003.

With Gold having touched the 292 box,
a rise to 396 will break Gold out of this
large consolidation pattern -
- and we'll see where it rocket from
there...

Got Emgold EMR Shares?

By Richard Russell
For..STREETWISE / THE GOLD REPORT...

http://www.theaureport.com/pub/co/42

THE historic investment opportunity of a lifetime
is still in play.

For investors looking to jump on board,
you have a gift.

GOT TO BE IN IT TO WIN IT! and WE ARE GOING TO WIN IT!

The Gold chart is very constructive:

http://www.tfc-charts2.w2d.com/charts/GDM.GIF

http://www.tfc-charts2.w2d.com/charts/GDW.GIF

Gold stocks will shine after bullion prices hit
a seven-year-high in London...

A GOLD SHARE BUYING PANIC IS COMING...

There is no way the little Gold share market
will be able to handle this buying without
the shares SOARING,

***To The Moon Alice, To The Moon!***

EMR has long way to hike Back UP...

http://cbs.marketwatch.com/charts/int-basi...330&siteid=mktw

http://ichart.yahoo.com/z?s=EMR.V&t=my&q=l...off&z=m&a=v&p=s

http://chart.bigcharts.com/bc3/intchart/fr...6945&mocktick=1

EMR is oversold / undervalued...
Starting a Strong Come Back...
Emgold Mining Corporation at...
http://www.ivarkreuger.com

The Gold shares are only getting to the launch pad...

http://www.house.gov/paul/press/press2003/pr073103.htm

Lift off and rocket ride still to come...

It’s a red flag that tells the world
that intrinsic wealth is preferable to
fantasy wealth, and fantasy wealth is
what the central banks are now offering
to the world in the form of
fiat currencies, or paper.

Dollar Index Cash (NYBOT:DXY0)...

http://quotes.ino.com/chart/history.gif?s=...=15&a=50&v=dmax

...lower highs and lower lows...going down hill..

The US$ fiat falling off the cliff...
U.S. Dollar Index (CEC)
Weekly fiat $$ Price Chart...

http://www.tfc-charts2.w2d.com/charts/USW.GIF

...the fiat US$ & Can$ will be only be
worth the paper its printed on?..

http://www.house.gov/paul/
Imo. TIA!


[B]

[uncleharley]

Okay...... Soo, What are you selling?????

[goldsmith]

ubcleharley, GOLD IS A POLITICAL METAL
and I a'nt an atavistic mmm-broker,,,

Beware: all mmm-brokers want you only to buy BGO & ABX,,,
the Bre-X copycats,,,

Investors flee Russia after arrest
Stocks plunge 10%: Bonds, ruble also slip after Yukos chief imprisoned

Wojtek Dabrowski
Financial Post, with files from wire services


Tuesday, October 28, 2003
ADVERTISEMENT


Economic turmoil hit Russia yesterday as investors fled its markets in reaction to the weekend arrest of oil magnate Mikhail Khodorkovsky on fraud and tax evasion charges.

The country's benchmark stock exchange, the Russian Trading System, closed down 10% after recovering from deeper lows hit in intraday trading. It was the biggest drop since November, 2000.

At the same time, the Russian ruble inched down 0.6% against the the U.S. dollar, and bonds came under pressure as well. The country's central bank reportedly had to sell at least US$500-million in a bid to calm the markets.

The turbulence comes as a swift blow to an economy which has enjoyed brisk growth and benefitted from strong oil prices. Russian stocks climbed to all-time highs this year and Moody's credit rating agency for the first time gave the country an investment-grade rating earlier this month.

North American fund managers were among those who offloaded some of their Russian holdings yesterday, Callum Henderson, head of emerging market research at Bank of America, said in an interview from London.

"There has been some of that today," he said. "If I needed a reason, this is one to get out."

Portfolio managers are more likely to pull money out of Russia than large Western corporations who do business there and are "unlikely to change their minds based on one headline," he added.

Mr. Khodorkovsky, Russia's wealthiest person and the head of Russian oil giant OAO Yukos, was arrested on Saturday by armed and masked agents, charged and incarcerated in Moscow.

Yukos stock shed more than 15% of its value yesterday, its biggest one-day loss since 1998.

Peter Boone, head of research with Brunswick UBS in Moscow, said the stock-market aftershocks from Mr. Khodorkovsky's arrest should shake out within three months. He added he expects Russian president Vladimir Putin will work diligently to restore investor confidence ruffled by the weekend arrest.

Mr. Henderson said the arrest is "undoubtedly going to increase volatility ahead of year end," though he added it "seems consistent in terms of reducing the power of the oligarchs."

The so-called oligarchs, a small, extremely wealthy business elite in Russia, have been a thorn in the side of Mr. Putin. He has accused the them of political meddling and, in some cases, outright fraud.

Some financial analysts viewed Mr. Khodorkovsky's arrest as deeply damaging to investor confidence -- a sentiment that appeared to materialize in the Russian selloff yesterday.

"Western investors don't want to do business in an environment where the government confiscates private property and intimidates businesspeople," said Ian Hague, who manages US$415-million, including US$350-million of Russian assets at Firebird LLP in New York.

Comments like these prompted Mr. Putin to call yesterday for an end to "speculation and hysteria" regarding the possibility of a reversal of the privatization of state businesses that occurred in the 1990s.

But where some observers saw a looming crisis, others saw opportunity.

"I think it's a kneejerk reaction from the stock market," said Chen Zhao, chief emerging markets strategist at BCA Research Group in Montreal. "It's created a great opportunity to buy back stocks."

Mr. Khodorkovsky's arrest also benefits the Putin administration by hindering a powerful businessman said to be funding the administration's political opponents.

"This guy, the Yukos chief, has been doing a lot of politicking in Russia," Mr. Zhao said. "Obviously, Putin doesn't like it."

Yukos is Russia's largest oil company. Its shares soared after Mr. Putin said Yukos was in talks with ExxonMobil Corp. and ChevronTexaco Corp. regarding the sale of as much as 40% of the company. Such a stake has been valued at about US$15-billion.

Reports yesterday suggested that while Mr. Khodorkovsky's arrest hasn't halted the negotiations, it presents a large roadblock.

Generally, the arrest is not an issue "that should be of direct concern on investment in the country," said Bob Buchan, chief executive of Toronto-based Kinross Gold Corp., which operates a gold mine in Russia.

"I don't think it has any material impact on the investment climate," he added.

Brunswick UBS's Mr. Boone agreed with Mr. Zhao in saying that investors should take advantage of the discounts offered by the Russian market.

"My own feeling is that these types of movements are fantastic buying opportunities," he said, adding Mr. Putin will spend the next several months convincing the business community that Russian property rights are safe and entrenched.

"If you think they're more or less entrenched, then all these assets are really cheap."

wdabrowski@nationalpost.com

http://www.nationalpost.com/financialpost/...52-5EFE73E99BCA


MOSCOW (Reuters) - President Vladimir Putin (news - web sites) appealed for calm on Monday after the arrest of Russia's richest man sent financial markets tumbling over doubts about the Kremlin's resolve to reform the former Soviet state.

But he refused to intervene following Saturday's arrest at gunpoint of Mikhail Khodorkovsky...

it will be the same for Bema and ABX as soon as they
start any production...

they will come out in black bags...
and don't ever count on any gold...

...they are allowed to spend 100's of million
but never take out any gold...

DeBeers knows after 45 years spending 100 mil.
on no diamonds but a lot of taxes...

the mmm-brokers A1 special recom,,,

http://web.archive.org/web/19970412094418/.../media/fp06.htm