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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (59835)	4/28/2006 8:44:29 PM
From: ild	Read Replies (1) \| Respond to of 110194

From JPM research: Although the magnitude of the gold price rally may translate into some shortterm profit taking, we believe the medium-term outlook remains positive. We highlight the following reasons supporting our positive stance on the sector: 1. Falling supply—mine supply peaked in 2001 and continues to decline. Limited exploration spending and Central bank purchases to exacerbate. 2. Strong fabrication demand from India—continued economic growth and a more liberalized gold environment to support ongoing demand. No early signs this is slowing. China also provides demand upside following deregulation of its gold market. 3. Inflation risks rising—Gold’s position as a traditional inflation hedge has been gaining traction in recent months. Continued high oil prices are unlikely to see this argument erode. At the least, inflation fears should provide some downside support in the medium term. 4. Paper gold (ETFs) gaining popularity—ETFs continue to gain in popularity given their advantages over holding the physical and project risk around gold equities. 5. Gold price moderate compared to history—Although gold is close to 25 year highs, in real terms it remains well below its peak of $1500/oz. We don’t expect a return to previous highs but a $650/oz price should not prove a psychological barrier nor prevent strong fundamentals from driving it higher. 6. Gold market small vs. other Investible assets—The total investible gold market is small at only $200bn or around 0.5% of global equity markets. This is likely to also underpin demand. 7. Deteriorating outlook for alternative asset classes—Another poor year of equity market returns alongside slowing growth in property markets may further raise the attractiveness of gold as an alternative investment class in the year ahead. 8. Resumption of US$ weakening—an end to Fed interest rate tightening may begin to place increased downside pressure on the US$ particularly given structural imbalances and rising interest rates in the ROW.

To: TobagoJack who wrote (59835)	4/29/2006 12:26:14 PM
From: shades	Read Replies (1) \| Respond to of 110194

Trinidad To Extradite 5 Men Wanted In US Veteran's Death (no wonders you spend so much time in China - its much safer there eh?) PORT-OF-SPAIN, Trinidad (AP)--Five men accused in the kidnapping and killing of a U.S. veteran will be extradited to the U.S., a government spokesman said Friday. Attorney General John Jeremie has signed off on the U.S. extradition request in the slaying of Balram Bachu Maharaj, said Maxie Cuffie, a spokesman for the attorney general, who couldn't say when the papers were signed or when the men will be extradited. Three gunmen snatched Maharaj, 62, of Mount Vernon, N.Y., from a bar on the outskirts of Port-of-Spain in April 2005 and held him for ransom. Maharaj's remains were found cut up and buried in two holes in a forest in January. A grand jury in Washington, D.C., indicted on Wednesday the five - two who are soldiers - with conspiracy to commit hostage-taking, Cuffie said. The decision to extradite the men follows a meeting between Jeremie and the U.S. Attorney General at a conference in the Dominican Republic earlier this week. Six other persons have also been charged in Maharaj's killing by Trinidadian authorities and will likely be sent to the U.S. to stand trial, Cuffie said. Authorities in the twin-island nation of Trinidad and Tobago reported a record 389 killings and more than 60 kidnappings for ransom in 2005. Five, including Maharaj, were killed. (END) Dow Jones Newswires April 28, 2006 17:49 ET (21:49 GMT) Copyright (c) 2006 Dow Jones & Company, Inc.- - 05 49 PM EDT 04-28-06