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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (22344)	9/14/2007 4:21:00 AM
From: Snowshoe	Read Replies (1) \| Respond to of 217557

TJ, Now I see through your nefarious plot!!! China is going to flood the world with gold, and pretty soon folks will be buying Pandas at Walmart... China may take No. 1 position in gold output en.ce.cn Last Updated(Beijing Time):2007-09-14 13:35 China may become the world's largest gold producer this year, toppling South Africa's unbroken century-long run, London-based researcher GFMS Lt said yesterday. South Africa's first-half production fell seven percent to 134 tons, while China's output jumped 18 percent to 129 tons, making the Asian nation the second-largest producer, GFMS said in a report. Last year, the United States held that spot, with China and Australia tied for third place. "China's growth has been astounding," William Tankard, an analyst at GFMS in London, said in a phone interview with Bloomberg News. "South Africa will certainly never return to its previous dominance." South Africa's gold production has declined almost a third since 2002 as workers dig as much as two miles underground for metal in aging mines. Production last year was the lowest since 1922, according to the industry group Chamber of Mines. The nation took over from the US as the biggest producer in 1905. There is a "narrowing gap between South Africa, which has reigned supreme for just over a century, and China," GFMS said in the report. "The balance of probability could favor 'The Dragon' as the world's largest gold producer for the full year." China's production usually gets a seasonal boost in the second half of the year, and new projects at Jinshan Gold Mines Inc, Eldorado Gold Corp and Sino Gold Mining Ltd will probably add to the gains into December, GFMS said. "The likelihood is that no country will ever achieve what South Africa achieved at its peak production," Roger Baxter, an economist at the South African Chamber of Mines, said by phone from Johannesburg. The country produced more than 1,000 tons in 1970. Mines in the African country have yielded about 50,000 tons over the past 121 years of officially recorded data, Baxter said. "That's more than 30 percent of all gold ever produced globally," he said. A 45 percent increase in the rand price of the metal last year spurred companies to invest more in mines, slowing the decline in production by about half, Baxter said. Gold traded at US$707.90 yesterday morning in London. There are about 32,154 troy ounces in a metric ton.

To: TobagoJack who wrote (22344)	9/22/2007 7:48:47 PM
From: Snowshoe	Read Replies (2) \| Respond to of 217557

>>Last Portfolio Standing Financial Death Match<< UK investors to battle Bear Stearns money.guardian.co.uk James Doran in New York Sunday September 23, 2007 The Observer A group of angry millionaires from London is to join those already seeking a $100m-plus settlement from Bear Stearns amid claims that hedge-fund managers working for the banking group gave misleading advice about their investments. In the next week, at least eight London-based investors are expected to join a legal action against Bear Stearns, launched by Wall Street lawyer Jake Zamansky, following the collapse of two $1bn-plus hedge funds run by the investment bank. Other Britons and several British institutions have been contacted by the New York lawyer and could also become involved in the coming weeks.