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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: philv who wrote (20894)	5/7/2004 4:28:34 PM
From: sea_urchin	Respond to of 81132

Phil > How long can some of the S.A. miners hold on now? Randgold and Durban Deep are the most marginal of the marginal producers. Even at the best of times they sell far more paper than they do gold so their fortunes have more to do with the gullibility of shareholders than demand for their professed product. Harmony is an aggregation of all the better marginal mines. With an increase in the gold price the leverage would have been enormous. Unfortunately with a fall in the gold price costs rapidly escalate over profits and many shafts will have to close. Goldfields and Anglogold should be able to weather some lean years. Re Iraq, I found this piece very thought-provoking. xymphora.blogspot.com >>Thursday, May 06 Who benefited from the release of these pictures? The neocons, who are trying to stave off irrelevancy by ensuring that WW III is well underway before the next election.. These pictures raised a predictable fury in the Middle East, making the coming world war all that much more easy to start and keep going. You might want to ask yourself if you can think of another torture center where the torturers carried cameras to take souvenir pictures.<< I suppose OBL will "retaliate" soon.

To: philv who wrote (20894)	5/7/2004 11:45:48 PM
From: sea_urchin	Read Replies (1) \| Respond to of 81132

Phil, it looks like my friend, Jim, would have been better off taking a position in oil instead of gold. channels.netscape.com >>Some are already betting that crude with rise above $50 by summer with the number of call options -- contracts allowing dealers to buy oil at that level -- more than doubling since last week to 1,092 lots, according to NYMEX data. "All you need is one person with a block of explosive in their lunchbox in a Saudi oil facility and we'd be in uncharted territory," said Adam Seminski of Deutsche Bank in London. "An attack that cuts off Saudi Arabian oil shipments* could easily push oil prices to $60," said O'Grady. "There's a lot of fear built into these prices. But that fear is not unfounded." << * some guys can dream. Are they imagining an atomic bomb in that lunch-box, I wonder?