We hebben de afgelopen week in diverse media kunnen lezen en zien dat er een opleving is van de economie in Europa. Ook Amerika laat een imponerend cijfer zien van 7,2%.
Wat velen niet weten is dat deze enkel voor de massaconsumptie bedoeld is. Het gaat helemaal niet goed in de economische wereld. De werkloosheid stijgt overal, in Amerika zijn er al meer dan 9 miljoen werklozen bij sinds 2000, dat is 6,3% van de werkzame bevolking. In Nederland stijgt de werkloosheid ook met rasse schreden, met 600.000 op dit moment. Niet meegeteld zijn alle Nederlanders die van één of andere uitkering leven, want dan komt men gauw in de richting van 2,5 miljoen en dat op een arbeidsbevolking van ca. 7,5 miljoen!

Dat betekent dat 1/3 van onze werkzame bevolking werkloos is, een cijfer, dat we alleen kennen uit de jaren 30, toen 32% zonder baan zat. Gaan we die kant weer op?
Ik denk het helaas wel, want zoals de wereldeconomie zich nu ontwikkeld komen alle nadelige gevolgen van de malaise in beeld, o.a. handelsoorlogen, gewapende conflicten, armoede en onstabiele staten.

Ruim anderhalf jaar geleden voorspelde ik al dat er rollende recessies zouden komen en dat is nu feitelijk aan de orde. Men rolt van de ene in de andere recessie. De 0,1% groei die bejubeld werd op de voorpagina’s is natuurlijk een statistische idioterie.
Kijkende naar de industriële productie, dan zitten we in feite al sinds het voorjaar van 2001 in een zware recessie en ik vrees dat we daar voorlopig niet meer uitkomen.

Albert Spits is financieel analist en bestuurslid van de Frédéric Bastiat Stichting.

GERELATEERDE ARTIKELENMEER VAN DEZE AUTEUR

28 REACTIES

  1. http://nachrichten.boerse.d…

    SNIP:

    Fazit: Ich bleibe bei meiner Meinung, das wird böse, sehr böse enden. Das amerikanische Leistungsbilanzdefizit erreicht nun 5% des BSP, und sowohl Japan als auch China liefern reale Produkte und Dienstleistungen nach Amerika und erhalten dafür gedrucktes Papier. Insgesamt haben sich jetzt über 1.000 Milliarden Dollar amerikanische Staatsanleihen in den asiatischen Zentralbanktresoren angehäuft. Es rollt eine riesige Inflationswelle auf uns zu, wir können aber noch ein kurzfristiges Deflationsintermezzo erleben. Ich halte an meinem Szenario fest und schliesse nach wie vor eine Weltwirtschaftskrise II nicht aus. Ich empfehle nach wie vor einen Grossteil Ihres Portefeuilles auf Goldbasis zu legen, denn sowohl bei einer Schuldendeflation als auch bei einer riesigen Inflationswelle wird der Goldpreis weit über die 1.000 Dollargrenze steigen. Der Tag, an dem das allgemeine Vertrauen in den US-Dollar schwindet, ist näher, als sie glauben. Und vergessen Sie nicht die Worte des auch am 29. November in München sprechenden Amerikaners Harry Schultz: « If you panic, panic first ! » Und die Panik wird kommen !

    Roland Leuschel

    Am 29. November dieses Jahres findet im Münchener City Hilton eine Wiederauflage des Seminars vom März dieses Jahres statt, das vom Midas Investment-Report organisiert wurde. Sie erinnern sich, es war damals restlos ausverkauft, und die Veranstalter mussten die trübe Erfahrung machen, wie unangenehm Leute sein können, wenn sie abgewiesen werden müssen. Dieses Mal ist das Hauptthema « Neuer Börsenaufschwung oder Spekulationsblase II ? » Unter anderem kommen zu Wort : Dr. Marc Faber, dessen Buch « Zukunftsmarkt Asien » (« Tomorrow’s Gold ») gerade lanciert wird – der legendäre Harry Schultz, der in den 70er Jahren als der teuerste Investmentberater der Welt galt und ich selbst. Ich habe übrigens Anfang 2000 Harry Schultz in meiner Kolumne zitiert mit seinem berühmten Wort : « If you panic, panic first ! » Ich werde unter anderem auf die ausführliche Studie einer der grössten Investmentbanken zurückkommen, in der bei einem möglichen Comeback von Gold in das Währungssystem die theoretischen Gleichgewichtsgoldpreise berechnet wurden : Je nachdem welche Dollarmengen (Inland oder Ausland) zugrunde gelegt werden, kommen die Verfasser der Studie auf einen Preis von 1.335 Euro oder 2.716 Dollar bzw. 15.087 Dollar die Feinunze. Diese Zahlen bedürfen einer Erklärung. Sie können sich anmelden uner der Telefonnummer : 01212-5-437-25-425 oder per e-mail : goldbrief-seminar@web.de.

    13.11.2003

  3. Ja, Dames en Heren: Amsterdam min 1,8 percent, Frankfurt min 2 percent.

  4. Het gebeurt allemaal in Eindhoven:

    Nov. 17 (Bloomberg) — European stocks fell as shares of … Royal Philips Electronics NV declined.

  9. Het is slechts uitzonderlijk dat ik akkoord ga met de GOLD ANTITRUST ACTION commmitee (GATA) (precies omdat ze voorstander zijn van kartelrecht)

    9:27p ET Monday, November 17, 2003

    Dear Friend of GATA and Gold:

    No doubt many gold and silver partisans were discouraged

    today by the pounding of the metals on the New York paper

    markets and the corresponding decline in many gold and

    silver shares. But they should not be discouraged.

    Even six months ago a pounding such as today’s would

    have kept the gold price down for weeks and the shares

    down with it. Lately the poundings don’t last even through

    the whole day, and some mining shares today just ignored

    the Comex altogether — Canyon, Ivanhoe, and Samex had

    huge gains, and, among others, gold- and silver-bug

    favorites Golden Star, Silver Standard, Wheaton, and

    Iamgold closed positive.

    More and more people and traders are recognizing the

    collusion and desperation against gold and silver and

    resolving just to ride it out. The method of selling

    gold, as market analyst John Brimelow is often remarking

    in GATA Chairman Bill Murphy’s "Midas" commentaries over

    at LeMetropoleCafe.com, reeks of desperation, being

    always undertaken so blatantly to suppress the price,

    not to maximize profits. Thus the shorts and the

    governments behind them have given themselves away,

    and, in doing so, have lost the game already.

    …

  10. Jongens en Meisjes,

    Het gele metaal heeft in het laatste uur de kaap van de 400 dollar gebroken.

    De maagd is niet meer.

    Letten jullie er wel op dat de euro samen met het goud aam het bewegen is en wel in dezelfde richting tegenover de dollar.

  11. 19 Nov 2003 01:27

    Gold Breaks $400/Oz for First Time Since 1996

    SINGAPORE (Reuters) – Gold broke above $400 an ounce on Wednesday for the first time since March 1996 on a weakening U.S. dollar and global security worries.

    The spot price rose as high as $400.25 an ounce before retreating to just below the milestone mark, getting its latest lift from the dollar’s slide to all-time lows against the euro and to near three-year troughs versus the yen.

    "I think if we get through $401, we can rally quite quickly to $405," said Martin Mayne, associate director at NM Rothschild in Sydney. "If it doesn’t, it will pull back."

    The dollar was hurt after Washington said it would impose import quotas on Chinese textiles, raising fears protectionism would hurt the U.S. economic recovery. A weaker dollar generally boosts gold.

    Dealers said attacks on U.S.-led troops in Iraq and fears of fresh al Qaeda attacks had also raised interest in safe havens such as gold and U.S. Treasury bonds.

    "A weak dollar is a factor in the market, but I think people psychologically want gold to break $400. That’s why people are worried that once $400 is tested, that will trigger a sell-off," said a bullion dealer in Sydney.

    At 0121 GMT, gold was quoted at $399.50/400.25 an ounce, up from New York’s last quoted level of $396.50/397.25.

    The dollar was at 108.15 yen while the euro was at $1.1962.

  12. The gold price pierced $400 at 7:45 p.m.

    Eastern time.

    da’s kwart voor twee in NL.

    ik zat er dus twee boodschappen geleden achttien minuten naast, sorry.

  13. Dit was:

    The Day the Dollar Reserve Standard Collapsed

    http://www.jsmineset.com/s/…

    Here we go just like in the late 70s. How history loves to repeat itself. The big difference today, however, is that we are dealing with a coiled spring whose kinetic energy exceeds anything I’ve seen in recent memory.

    There is a significant possibility that the telling figures presented in Warren Pollock’s piece constitutes the big whammy we’ve all been expecting. Those auctions may have been a failure – not the success portrayed by the media. If an underwriter or his associates are forced to buy a significant part of the stock he is underwriting, then the deal is a flop and nothing else. One thing is clear. Many governments not only passed up on the bond offering but in fact liquidated positions. I witnessed the "follow the leader syndrome" of central banks in the 70s and rest assured it will happen again. The worldwide "Dollar Reserve Standard" sold so successfully to so many countries by the IMF and the World Bank is history and will now unwind. Many will figure out what I have told you here so the dollar has only one way to go and that is lower. Neither the US Treasury nor the Fed have the ability to change this situation because the world simply has too many dollars. Don’t kid yourself. The case now pending in the New York Federal Court whereby the US government is asking the New York Federal Court to grant the US Executive branch the right to jail any US citizen deemed a terrorist without any legal recourse will not go unnoticed. Money will scream out of the US dollar that historically has found safe haven in North America.The US dollar market is looking just awful. It is well below the neckline of one of the most bearish Head & Shoulders formations I have ever seen. You can compare the chart of the US dollar directly to the chart of Enron just before its bankruptcy. They are duplicates. Simply overlay a mylar of the dollar chart with that of Enron if you want to test your risk for a coronary.Could the US dollar market go into a massive plunge? What is out there to stop it? Not the Exchange Stabilization Fund because if would swamp its capital. Not the Fed because the means of doing so are the exact means that got the US dollar into this position in the first place.Is gold going over $400 now? No, it’s going over $500 now.

  14. Cytek (11/18/03; 21:19:10MT – usagold.com msg#: 112031)

    A post from a trader on the NEM discussion forum @ Yahoo

    This guy says something VERY big is happening behind the scenes in the gold market right now and tension on the floor is higher than he’s ever seen it. He believes there is now a systematic, behind-the-scenes effort by multiple buyers to take delivery of as much gold as possible. I asked him what was wrong with that, and he replied that there IS no gold out there in size at any level right now. There’s no physical offered in size at any reasonable level, and he said it has never been more of a paper market than now. I then asked him two questions: Who are the buyers, and has there been Fed intervention? He thinks that the buyers are too large to simply be short or intermediate-term speculators, and says the chatter is that the buying is coming out of Asia. In terms of the Fed, he said that almost all traders on the floor including him believe the Fed has been periodically intervening to cap the rallies in gold….but then he said something that was somewhat shocking. He thinks the Fed has actually been trying to BUY gold. He thinks the periodic attempts to cap the rallies (which he says happened yesterday, by the way) have two purposes: to not allow gold to spook the bond market and the dollar, AND to give the Fed a chance to buy gold lower from speculators when the rallies fail. Apparently, there is some speculation among in-the-know traders that at some point next year, the Fed may be forced by the dollar and bond markets to float the idea of an eventual return to at least a PARTIAL dollar/gold link. Some of this chatter comes from the fact that earlier this year, Greenspan made a speech that started off mentioning how the gold standard had led to stable prices over a long period of time.

    In any event, that’s the scoop. There was a lot of tension in my friend’s voice, and he repeatedly said that something "very big" is happening in market right now. The last thing he said was that he thinks $500 gold within the next 6 months is "a done deal."

  15. En dan dit:

    http://news.bbc.co.uk/2/hi/…

    US officials have arrested 48 foreign exchange traders on suspicion of fraud in New York City’s financial district.

    FBI officials raided a building housing several firms in Manhattan, taking away the workers in handcuffs

  17. CoBra(too) (11/20/03; 03:35:13MT – usagold.com msg#: 112093)

    Splendid Isolation

    With the Bush visit to London a new area of the old splendid isolation seems to be revived ;>) cb2

    CoBra(too) (11/20/03; 03:21:28MT – usagold.com msg#: 112092)

    4 More Explosions kill and maim many in Istambul

    http://story.news.yahoo.com…

    Looks like the M-E powder keg can no be any longer contained. It’s getting totally out of control. The bombs blasted HSBC and the British Embassy.

    This is getting awfully close to home and the EU is already more than concerned about last weeks synagogue blasts in the area. –

    Hope it’s not too cynical to say gold went vertical right after the news. cb2

    Black Blade (11/20/03; 03:18:53MT – usagold.com msg#: 112091)

    Equities Market Futures Plunge On Multiple Terrorist Bombings

    At least 5 suicide bombings in Istanbul sent European markets spiraling downward and gold bounced higher. US market futures are sharply lower. So far several dead and at least a hundred reported injured. "Interesting" start to the trading day as geopolitical concerns take center stage.

    – Black Blade

    Belgian (11/20/03; 03:08:38MT – usagold.com msg#: 112090)

    TURKISH GOLD BOURSE CLOSED !!!!

    Think deep !

    Black Blade (11/20/03; 02:22:54MT – usagold.com msg#: 112089)

    @ Chris Powell – usagold.com msg#: 112085

    "Options writers desperate to keep gold under $400 through Monday, Embry says"

    Black Blade: That’s how I see it as well. With all that gold has going in favor of a higher price there is a sense of desperation in the market. After Monday though all bets are off though trading may be light next week due to the upcoming Thanksgiving Day holiday.

  18. Ik had voorzichtiger dienen te zijn alvorens dit te posten:

    Black Blade (11/20/03; 03:18:53MT – usagold.com msg#: 112091

    Equities Market Futures Plunge On Multiple Terrorist Bombings

    Het probleem is het adjectief ’terrorist’. Vorige week of zo heeft Bush in Irak ook gebombardeerd. Was dat ook een ’terrorist’ bombing? Of is dat your friendly neighbourhood bomber?

  19. Jongens en Meisjes,

    Op een seminarie van het Cato institute http://www.cato.org/

    heeft Alan Greenspan gisteren gezegd dat het protectionisme niet deugt.

    http://story.news.yahoo.com…

    Misschien vindt hij morgen wel het warm water uit en komt hij zeggen dat ook het monetaire protectionisme niet deugt.

    Had hij niet in 1966 een artikel geschreven “Gold and Economic Freedom”?

    Maar treurt niet, Jongens en Meisjes, het is vandaag vrijdag. Misschien komen er wel mooie bewegingen op de financiele markten.

    "Consequently, it is imperative that creeping protectionism be thwarted and reversed," said Greenspan.

    Jongens en Meisjes, het is zover. Hoe ver dat is weet ik niet, maar zeker is wel dat we een stap dichter bij de afgrond staan wat het goud wel eens tot een reactie zou kunnen overtuigen.

    Ach, morgen is het week-end en dan gaan we dansen …

    Maar ik zou liever eerder dansen en om andere redenen dan de alcohol, de muziek en de vrouwen.

  21. http://www.gold-eagle.com/g…

    THIS IS ALAN GREENSPAN SPEAKING (in my dreams)

    We are still perfectly on track to a situation where a return to the gold standard will be mandatory, no longer just an option or one alternative to consider. It is now a matter of timing and waiting for the right combination of conditions to release the final blow to the system – a blow that has been so carefully prepared and that will ring through the ages and change the world as economists and markets know it.

    A blow that in due course will mean a return to a gold standard.

    For America and for the world. For the better.

    There have been a few close calls, in 1997 and in 1998. Crises that developed on those occasions were premature and would not have been serious enough to have the desired effect, triggering a demand for the gold standard to be re-imposed.

    Which meant rapid action on the part of the FOMC – and myself, of course – to prevent these crises from unsuccessfully pre-empting my strategy. Yet these occasions suited me fine as our success in preventing a melt down added to our stature and made the road so much easier for what still lay ahead.

    If my strategy works, I will most likely be demonised as the progenitor of all the misery that has come down on American society and the global community. Yet, not too many years later and once the blessings of a gold standard are being experienced by all, it may well be that this perception will change to that of a man who deeply loved capitalism and had done much to set the world economy on an even keel, leading to prosperity and stability for the global community.

    That would make a good epitaph.

  22. Ik citeerde Leuschel aan het beginnen van mijn litanie.

    Leuschel sprak zaterdag in Brussel.

    Een van mijn spionnen was daar.

    Hij schrijft mij dat Leuschel " ondubbelzinnig " het goud-verhaal bevestigt. Beurs-crash….dollar-teloorgang….goud kopen !!!

    “ Heb hem nog NOOIT zo overtuigend en expliciet geweten. Hij beklemtoonde dat hij nu als een ongebonden man sprak. Hij zit mee in de H. Schultz clan. Ik vermoed dat de Belgische finance business hem inhuurde om in levende lijve "het" te komen zeggen !!!

    Ik had een leuk bevestigings-moment met onze guru” besluit hij.

    Op mijn vragen wanneer de crash er komt en hoe het dan met goud zit, antwoordt mijn spion als volgt:

    Crash is eigenlijk al bezig…

    Greenspam zal de geschiedenis ingaan als de grote schuldige…

    hij vergelijkt de komende situatie met de dertiger jaren (maar erger) en wijst slechts één woordje aan : DEBT !!!

    Niks minder dan het klassieke doomscenario.

    Hij nam een dollar-briefje en schreef daarop….IN GOLD WE TRUST !

    Zijn meest merkwaardige stellingname was zijn kategorieke afstand van de financiele broederschap met de uitspraak dat goud de anti-these is van die financiele industrie.

    Hij raadt inflation-adjusting bonds aan ! Er zijn er zo maar bitter weinig op de markt. Zijn dus obligaties die een flexibele rente dragen, naargelang de inflatie. Hij ziet dus ook hyperinflatie en geen deflatie !

    Hij leest zeker Gold-Eagle medewerkers en heeft ook FOA gelezen.

    Kort : heb daar seconde na seconde instemmend zitten ja-knikken : Dit overkwam me nog nooit.

  23. DAAR GAAT DE DOLLAR?

    mas (11/23/03; 18:32:23MT – usagold.com msg#: 112293)

    From the Privateer, something we missed?

    A Massive Vote Of NO Confidence:

    Citibank, one of the largest traders in global foreign exchange markets and biggest Dollar bulls, closed all

    its existing long Dollar positions Tuesday, November 18. Now, having read that sentence, it is time for

    ALL our worldwide readers to take a deep breath. Here is CITIBANK – one of the all time US Dollar

    boosters – cutting and running from ALL its US Dollar long positions. At this point, on the quarterdeck

    of The Privateer, we do not know how many other US mega banks and major trading houses have done

    the same. But we are certain of one thing. Historically, this has been seen before, always in a situation

    where the player (Citibank) suddenly has information in hand that it must and does act upon, on the

    principle that if you have to get clear, the sooner and harder you sell, the better off you will be. In all

    such situations, speed matters. On Tuesday, November 18, Citibank moved fast.

    The only other kind of case, historically, where this happens is when the actor itself has got the case

    entirely wrong but acted anyway. If that’s the case, Citibank will end up looking like a very silly goose.

    mas (11/23/03; 18:40:42MT – usagold.com msg#: 112294)

    More from Privateer….

    Then Came November 17:

    In an interview with the British newspaper, The Independent, only one day before the arrival in London of President Bush for a full scale State visit,

    Mr Javier Solana, Europe’s Chief of Foreign Policy, made the following

    very clear indeed. He claimed that the United States now accepts that to

    avoid humiliating failure in Iraq, it needs to bring its armed forces quickly under international control and speed the handover of power. It had already been pre-leaked out of White Hall that Mr Bush and Tony Blair would discuss an exit strategy for their forces in Iraq. Mr Solana said this:

    “Everybody has moved, including the United States, because the United

    States has a real problem and when you have a real problem, you need

    help. There is a ‘growing consensus’ that the transfer of power has to be

    accelerated. How fast can it be done? I would say the faster the better.”

    There has been no refutation or even comment on Mr Solana’s remarks from either the US or Britain.

    And.

    Two such events have now hit bulls eyes. The first, the geo-political event, is of course the statement of Mr Solana, which stands unchallenged by both the US and Great Britain. The second is the reported action taken by Citibank to close out ALL its $US long positions.

    Combining both of the above, The Privateer now makes the worldwide call that this is the start of the GLOBAL US DOLLAR CRISIS.

  24. Jongens en Meisjes,

    Ik heb het allemaal niet goed gevolgd omdat het uitgaat van de gold ANTITRUST action committee maar het zou wel eens vandaag kunnen gebeuren (Tokyo is vandaag gesloten daarom kon ik jullie niet eerder over de crash van de Nikkei informeren.)

    Laat ons allen samen onze (rechter-)hand in het vuur steken. (staat hierboven geen artikel over weddenschappen?)

    12:30p ET Sunday, November 23, 2003

    Dear Friend of GATA and Gold:

    Jim Sinclair has posted "A Review of Last Week’s Gold

    Market," which is largely an expert speculation about

    why Barrick Gold last week reversed its position on

    hedging so abrupty and why Goldman Sachs and others

    were desperate to cap gold below $400. Sinclair argues

    essentially that gold derivatives have hit the

    long-awaited blowup stage. You can find Sinclair’s

    commentary here:

    http://www.jsmineset.com/

    Here are some similar thoughts from Saturday’s market

    letter for private clients from B.C. Harris at Harris

    Capital Management, a commodities futures broker and

    adviser in Boca Raton, Fla., who for years, like GATA,

    has noted central bank manipulation of the gold price

    and whose Internet site is:

    http://www.harriscapitalman…

    "There’s been a lot of interesting news regarding Barrick

    lately as it has made some high-profile comments that

    it is abandoning its hedging program. Barrick is the one

    that has been long suspected of colluding with the banks

    and has reportedly sold forward most or all of its

    production for several years out at much lower prices.

    7:10p ET Sunday, November 23, 2003

    Dear Friend of GATA and Gold:

    As you’re waiting for the gold market’s reaction to

    the upheaval at Barrick Gold, you might want to

    check out a report at CBSMarketWatch, "Gauging

    the Commodity Price Gains," which quotes Gold

    Newsletter editor and New Orleans Investment

    Conference organizer Brien Lundin. You can find

    it here:

    http://cbs.marketwatch.com/…

    2D4F3B%2D93EA%2D84C1E4EE502A%7D&siteid=mktw

    Or try this abbreviated link:

    http://ls.shapebyforce.com/…

  25. Meisjes en Jongens,

    Mijn spion vraagt mij jullie nog het volgende mede te delen:

    De allesomvattende macht van het derivaten-kartel :

    Een gigantisch netwerk van loyale internationale intriganten, colludeerdt reeds 20 jaar, met als doel de US$ ( de wereld-reserve-munt) sterk te houden tov zijn antithesis, goud (universele rijkdom standard).

    Banken, centrale banken, goudmijnen, zijn één van de executives in de eeuwige globale machtstrijd, die nu crescendo gaat. Het prijs-gedrag van goud weerspiegeld dit duidelijker en duidelijker, voor de goud-observators en participanten, natuurlijk.

    De financiele broederschap beperkt het aantal falingen tot het absolute minimum. Ashanti, Cambior goudmijnen die door hun roekeloosheid, al lang hadden moeten zieltogen, blijken springlevend. Anglogold, en ander super voorwaarts goudverkoper, verdubbelde in prijs de laatste zes maanden, netjes in lijn met de georchestreerde (derivatieve), gemiddelde stijging van

    menig ander aandeel. Barrick zal jamais ter ziele gaan en ondergronds goud moet kost wat kost boven blijven komen om de papier-goudprijs te blijven kontroleren en de kleine goudvrager-opnemer niet argwanend te laten worden.

    Dezelfde redenering geldt ook voor alle andere elementen (stocks, bonds, currencies) in de grote financiele machine…aka de "onvrije" markt-markten.

    170 Triljoen US$ (en stijgend-BIS statistics) )wordt door derivaten-handel beheerst. Dit is vergelijkbaar met een verzekerings-premie die driemaal de waarde van het onderliggende dekt ??? Reden : de totale schuld is driemaal het obsceen overgewaardeerde onderliggende. Voorbeeld : US total debt 44 Triljoen en US stockmarket cap. 11 Triljoen.

    Het onuitspreekbaar belang van een non-panic goudprijs, moet nu toch stilaan beginnen doordringen.

    Hetzelfde geldt voor de resterende olie-wereld-reserves. Georgie : De US heeft zijn slag thuis gehaald in dit gebied en dank zij 1 US$ miljard aan intriganten geld voor de Chevernadze opposanten…komt de olie pipeline er in deze corridor. Gelukkig zonder drama’s waar de onschuldigen weeral het slachtoffer van zouden zijn.

    Het aan de gang zijnde Anglo Ameikaanse wereld-offensief heeft reeds zijn anti-krachten op de been gebracht ! Deze polarizatie gaat steeds toenemen en daarom verder dollar-berdreigend werken. Goud zal hier onvermijdelijk de grootste overwinnaar (dollar-antithese) zijn .

  26. Waverider (11/24/03; 03:06:42MT – usagold.com msg#: 112299)

    Bull run on London markets predicted

    http://www.theage.com.au/ar…

    "In LONDON, London Metal Exchange (LME) futures ended largely higher on Friday after a week characterised by profit taking, and the market is set to revert to its recent bull run, analysts said. In NEW YORK, COMEX gold rose Friday after Barrick Gold Corp, one of the most active hedgers, said it was no longer committed to selling the metal forward to protect future production from falling prices. Barrick Chairman Peter Munk told reporters in London that the Canadian company was cash rich and would do no more hedging over the next decade. This raised eyebrows only a day after Munk extolled the virtue of hedging at a conference."

    Waverider: Nothing new for us here but it’s interesting to see what the mainstream media is reporting – front page Google news too! I think we’re in for a wild week – Spot at $400.00 by Tuesday?…we’ll see…

  27. Gisteren wou ik jullie de crash van de Nikkei meedelen.

    Vandaag meldt CNN dat de Nikkei weer boven de 10.000 is.

    http://edition.cnn.com/2003…

    Gisteren steeg Wall Street weer en daalde het goud. Onze rechterhand werd dus verbrand.

    Hoelang kan dit spelletje nog duren?

    Als Nederlanders en hebben wij lang geleden de ervaring van tulpenmania achter de rug. Misschien hebben wij daar iets uit geleerd. Maar helaas zijn wij Nederlanders niet de enigen op deze planeet.

    “There’s something rotten in the Kingdom of Denmark”, zei den andere.

    De Wereldschok kan toch niet meer veraf zijn.

    Waarop baseer ik mij om dit te zeggen? Wel op het aantal faillissementen en werklozen.

    Rechtvaardigheid is een waarde natuurlijk, maar waarheid (A=A) is er ook een.

    Door de waarheid te verdoezelen slaagt ‘men’ erin om sukkelaars op de beurzen te doen kopen.

    Hoelang kan dat duren?

    (anderzijds hoe langer het duurt, hoe heviger de reactie zal zijn)

    De Bushploeg heeft verleden week (de tulpen in – eind november staan daar aarschijnlijk veel tulpen) de tuin van Elizabeth II vernietigd. (stond zojuist op drudereport.com uit Britse Sunday Mirror maar is nu verdwenen)

    Is dat misschien een eerste aanwijzing dat de Hollanders de bovenhand halen?

    Lenine, reviens, ils sont fous. Lenin is ook gek.

  28. En nu de linkerhand in ’t vuur:

    MarkeTalk (11/24/03; 23:10:49MT – usagold.com msg#: 112323)

    Comex December Gold Futures Open Interest

    I don’t know if anyone posted Friday’s figures about the number of open contracts for the December gold futures ahead of this coming Wednesday’s First Notice Day. I checked the figures as of Friday, November 14th and they stood at roughly 181,000 futures contracts (which equals 18.1 million ounces of gold) out of a total open interest of roughly 283,000 contracts. Today’s issue of The Wall Street Journal reported as of last Friday, November 21st, the number had dropped to about 118,000 futures contracts (which equals 11.8 million ounces of gold) out of approximately the same total open interest. Today’s numbers will not be published until tomorrow.

    As First Notice Day approaches, it appears that the small speculators are rolling out of their December contracts into February (which has swelled to around 90,000 contracts). However, in all my years of following gold, I cannot remember anytime when the open interest of an expiring futures contract was so HUGE just two days before First Notice Day. In other words, the majority of these people are standing pat. As the Hoople remarked to me today, he believes many futures buyers and speculators are ready to call the bluff of the gold cabalists by keeping their contracts past Wednesday’s deadline. Such an action will send a serious message to the paper shorts that a massive short squeeze is underway. Jim Sinclair might be right this time. We could see an explosive gold price in the spot or cash market because the number of ounces represented by the futures market (11.8 million ounces) far outstrips the actual physical in Comex depositories (around 2.8 million ounces). Let’s just keep our eye on the price action as well as the open interest in the December gold futures.

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