Eurasia EGX - Gold Jumps as dollars falls on Good post, imo.
RE: Eurasia Gold EGX - the $200/oz low cost Gold Producer
COMEX Gold Jumps as dollars falls on consumer report,
Tuesday February 24, 3:18 PM EST
In NEW YORK story "Comex Gold jumps as dollars falls
on consumer report,", please now read headline as "Comex
Gold jumps as dlr falls on consumer report"
(changes to show dollar fell instead of rose).
A corrected version follows.
NEW YORK, Feb 24 (Reuters) - Short covering lifted COMEX Gold
Tuesday after the dollar was hit by a less optimistic view
of the economy, while a new al Qaeda tape warning of attacks
on the United States added a safe-haven
backdrop to Gold buying.
The active April contract <0#GC:> shook off Friday's
pummeling and reclaimed the $400 an ounce level, with
stop-loss buying seen after the U.S. Conference Board
said its index of consumer confidence fell to 87.3 in
February from January's 96.4.
Graham Leighton, a vice president at bullion dealer
Societe Generale, said the rally was driven by a
"bit of everything," though volume was light and no
featured buyers were noted.
"The market has been under a lot of pressure," he said.
"We saw all that fund selling last week and the market
was just a little overextended on the downside."
April Gold settled up $5.50, or 1.4 percent, at
$404.80 an ounce, trading from $396.10 to $405.00.
Spot Gold rose to $403.90/4.40 from Monday's close
at $398.00/8.75 and London's Tuesday afternoon fix
at $402.25.
The euro rose above $1.27 from $1.2555/59 at Monday's
close, arming euro-zone investors with more bullion
purchasing power.
Still, estimated volume was a light 37,000 contracts.
"You really haven't seen any bullish fever for Gold jet,"
said David Rinehimer, head of commodities research at
Citigroup Global Markets.
"It struggled last week when the euro was up around
record highs and broke down pretty easily when the
dollar recovered."
Benchmark Gold hit a 15-year high on Jan. 6 at $432.30
as the euro rose to record highs against the
beleaguered dollar.
On Friday it fell to $394.50, its lowest since Nov. 26,
as the euro delved a three-week low.
In an audiotape broadcast Tuesday by Al Jazeera television,
Ayman al-Zawahri, right-hand man to Osama bin Laden,
believed to have masterminded the Sept. 11, 2001, attacks
on the World Trade Center and Pentagon, warned the
United States to prepare for more attacks.
"Maybe it was factored mentally into what this market
is showing.
But it's not really a forefront issue for why we're bid
this morning," another trader said.
March silver <0#SI:> rose 13.2 cents to $6.622 an ounce,
rising from a low of $6.415 to $6.635 as volatile trading
continued in the illiquid metal.
Spot silver was quoted at $6.59/61, up from $6.46/48
late Monday and Tuesday's fix at $6.5375.
NYMEX April Platinum <0#PL:> jumped $16.10 to $856.10 an ounce.
Spot was last priced at $856.00/861.00.
March palladium <0#PA:> rose $5.30 to $234.40 an ounce.
Spot fetched $231.50/237.50.
---
Why Investors Today have the EGX Golden
Opportunity of a Lifetime...
The war on Terror, along with Foreign and Domestic
Policies, has caused the US to "print money" it
can not back, thereby decreasing the value of
the American dollar.
We are now experiencing the most massive devaluation
of the US dollar, in American history!
As the US dollar weakens, Gold RISE sharply in value,
allowing "smart investors" the opportunity to double
or even triple the "value" of their present
investment capitol, when compared to "real value"
in one to two years--this being the conservative
expectation.
For a limited time, Investors can still use American
dollars, ie., "Play Money", to purchase into Gold Stocks
of Gold producers at a bargain prices.
The more Gold stocks they own, the larger the protection
they afford their life savings, and the more enormous
the value possible in one to two years.
When it’s convenient for the US to support its
own currency again.
And when will that be?
When the US economy gets strong enough so that it can hold
its own and produce jobs in sufficient numbers without
a protracted, artificially low interest rate regime.
No sooner, and no later.
The trillion dollar question is:
will that moment ever come, and if so,
will it come in time?
The next trillion dollar question is:
Even IF that moment comes in time, will it help at all
with the US trade and current account imbalance?
It doesn’t look like it will.
If the economy starts adding jobs and Greenspan can raise
rates a bit, the dollar will get stronger, which means
Americans will buy even more foreign stuff and rack up
an even higher deficit - increase the problems and
make the problems worse.
Will any currency be able to extricate itself from this
web of competitive devaluations?
All currencies will depreciate against Gold.
You work to make money.
You spend what You need to spend, and the rest You
use to buy Gold - stocks.
Do this every month, from now on.
When You lose your job or need to liquidate some Gold
because You don’t have enough trash to buy whatever
You need in the future, liquidate only what you need,
and keep building your "hoard" whenever You can.
By all means, buy some good Gold stocks -
especially of companies that keep metal
on reserve instead of cash.
All fiat currencies are in a downward spiral;
even the "strong ones" will eventually follow.
The dollar is no longer as pivotal to the world monetary
system as it once was only a few years ago.
Because of that, Gold can't no longer be "repressed"
as it once was.
The direction is now in a Gold bull / long trend upwards.
Gold can't no longer being suppressed at all costs -
for any long period of times.
Gold is value - Gold is appreciating.
Would you sell an appreciating asset for a depreciating one?
No? Then why sell Gold-stocks every time the already rigged
COMEX price drops a little?
Owning value gives you peace of mind and builds your wealth.
Chasing a buck gives you heartburn, sleepless nights - and
increases your risk exposure.
We don't know what to make of it.
We don't know what will happen...but,
before it is over,
we wager that all will wish - we had
bought EGX - GOLD Mines at about $405.
The EGX Precious Metal Gold Mines -
EGX Gem has just started to move back UP
its a long way to hike and EGX will GO
higher than any time before, EGX has two
Gold Mines in Gold poduction of more than
30,000 Au ounces per year for about $200/oz
and plenty of more hard assets Gold Mines
& Au deposits than EGX ever had in the past,
see You at the sweet EGX TOP...
Look at EGX, ngx, emr, g, cal etc. Can EGX be this far behind ??
Don't think so.,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
https://stockcharts.com/candleglance?EGX.V,NGX.TO,EMR.V,G.TO,CAL.TO|B
PLATINUM $863.00/oz - GOLD $403.90/oz
Eurasia Key To Peace
Well, hold it - that a little rebellion
now and then a good thing - and as necesary in the
political world - as storms in the physical.
PEACE - is a virtue, a state of mind, a disposition
for benevolence, confidence - Justice -
EURO will luv it.
- History often repeat itself -
- theres no fever like Gold fever -
EURASIA GOLD CORP. EAGCF (EAGCF:OTC:BB) (Nasdaq)
(EAGCF is there but hasn't really started yet at the otcbb)
https://quotes.nasdaq.com/asp/SummaryQuote.asp?symbol=eagcf&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&selected=eagcf
Do the young in Germany know GOLD - do they know that
it used to be a wheelbarrow load of fiat paper money -
to buy a piece of bread - it was a fact after the WWI
and the WWII!
A Two-Hundred-Billion Mark Note, only 80 years ago
(was probably enough to buy a meal for two in a restaurant)
(the fingerprint indicated its authenticity)
Note. the history tell us, that the above has happen
to most fiat currencies - not yet to US & Canadian dollars?
If the American people ever allow private banks
to control the issue of their currency,
first by inflation, then by deflation,
the banksters...will deprive the people of all
property until their children wake-up homeless
on the continent their fathers conquered....
The issuing power should be taken from the banks
and restored to the people, to whom
it properly belongs.
-Thomas Jefferson
- GOLD Chart Long Bull Trend -
https://www.tfc-charts2.w2d.com/charts/cdl/GDW.GIF
- the GOLD Chart Bull Trend reflect a correction -
- about the same pattern as in past June-July 2003 -
- all a Strategic Great Gold Buy Bargain time -
- Volatility is great
- the fast down
- makes the fast Up
- the more volatility
- the higher Gold will jump Up
- in Gold Bull Trends -
The historic investment opportunity of
a lifetime is still in play.
GOLD 2004 Bull Reflextion of 1980 Bulltrend
GOLD 2002 - 2003 is a mirror reflection of 
GOLD 1978 - 1979, is
GOLD 2004 to be a mirror reflextion of
GOLD 1980 - Bulltrend,
GOLD TA on strong Bulltrend TI Longterm comeback...
5 Day chart...
https://quotes.ino.com/chart/intraday.gif?s=FOREX_XAUUSDO&t=f&w=15&a=2&v=w
Long Term Bull Trend...
https://quotes.ino.com/chart/history.gif?s=FOREX_XAUUSDO&t=l&w=15&a=50&v=dmax
Long Term Platinum Bull Trend...
Pt - Frontrunner To GOLD -
https://quotes.ino.com/chart/history.gif?s=FOREX_XPTUSDO&t=l&w=15&a=50&v=dmax
In the GOLD demand perspective its three very
strong ongoing factors for Gold.
Growth in both China and India this year of over 8%.
India is the world’s biggest buyer and will continue
to be and China’s buying is really just getting
underway.
China also has a history of large Gold consumption.
Also add to those two the buying by the Islamic world
and the valuation of the Gold dinar.
These three factors in the physical market today is far
more important than any other factor including the value
of the dollar.
The game is beginning to change and physical buying has
become the lead factor.
This is something that eventually the gold cartel can
not overcome.
They do not have enough gold left to do so.
If you add in the net physical shortfall of production
to fabrication demand and investment demand you have
a powerful source for winning.
Presently versus the dollar, Gold is off 6% more and
the shares even more.
At this area of around $405.00 Gold
there are some wonderful opportunities.
Remember you should get long and stay long.
Trading these markets in short term trading is
very difficult even for the pros.
The volatility and emotional ups and downs are very
difficult to handle if you don't see the panoramic
economics in the long term trends...
A chart of the HUI/S&P500 ratio
showing the upward trend -
- reflecting persistent strength in the Gold sector
relative to the overall stock market -
- that has been in place since November of 2000...
Anyone who wants to increase his/her exposure
to the Gold sector should now be preparing
to do some buying.
Currency wars and budget woes.
Markets are overconfident that the Fed will continue
to manoeuvre interest rates and liquidity favourably
to allow the economy to grow and the market to
continue higher.
This is mislaid confidence.
A falling currency and ongoing huge deficits
is not healthy long term.
And the charts especially for the US$
is telling us this.
GOT EGX Eurasia Gold Mines Shares ?
RE: EGX Eurasia Gold Mines Production...
RE: Following EGX Info - is for the welcome
wagon to any newbe to Eurasia Gold Mines -
EGX - EAGCF Investor,
for some help to your own dd...
Start with some EGX history,
Statement by the President and CEO: Elmer Stewart 1997
In 1997 the company changed its name to signal the new focus
of its activities and bought Centramining Ltd,
a private company with rights to
four gold projects in Kazakstan.
The following year Eurasia acquired Andas-Altyn for shares.
This brought in two GOLD projects, a resource of 850,000 ozs GOLD, infrastructure with annual leach capacity of a million tonnes and an operating entity with 4 years experience in
heap leach mines operations
At the beginning of 1999 Ourominas Minerals –
now Thistle Mining –
reversed into the company via a private placement to
raise C$6 million.
These funds are now being used to commence commercial
production at Myaly and Central Mukur.
The company is therefore poised on the next phase
of its life with Thistle as controlling shareholder.
Operations
First gold poured on a commercial basis at
the Myaly heap leach gold project in August.
First gold production from the Central Mukur
project occurred in September.
Both plants have had upgrades including recovery
plants, equipment, and leaching capacity
up to 1.3 million tonnes from both projects.
A total of 23,000 ozs of gold are expected to be
placed under leach before year end 1999-Both
projects are generating positive cash flow.
Gold production to the end of October 1999 was 6,500 ozs
https://www.minesite.com/companies/eurasia_gold_corp.htm
Thanks Elmer, since You started the EGX GOLD Production
of EURO"s EGX Gold Mines - Eurasia Gold Corp. has come
a long way to become a Major GOLD Producer
in Europe/Asia...
Eurasia Gold Corp. ~ EGX GOLD MINES
(EGX:TSE.V)
The EGX Precious Metal Gold Mines -
EGX Gem has just started to move back UP
its a long way to hike and EGX will GO
higher than any time before, EGX has two
Gold Mines in Gold poduction of more than
30,000 Au ounces per year for about $200/oz
and plenty of more hard assets Gold Mines
& Au deposits than EGX ever had in the past,
see You at the sweet EGX TOP...
thank you, its the reflexion of the facts,
EGX is a very good Gold Mine Producer
at about $200/oz and making a good
profit...
Eurasia Gold Corp. EGX:TSE.V,
Gold Mining Projects:
About The EGX Company
Eurasia Gold Corp, ( v.EGX, EAGCF:Nasdaq )
is a Gold producing company
incorporated in Canada and headquartered
in Toronto, Ontario.
The EGX company operates two Gold Mines in Gold production,
in the Republic of Kazakhstan through its wholly owned
subsidiary, Andas-Altyn LLP.
The EGX company’s primary business is mining and
processing Gold as well as acquiring and developing
additional Gold deposits in Kazakhstan.
The EGX Gold Mines use conventional open-pit mining methods
and Gold is extracted by heap leaching.
EGX GOLD Mining Projects
The two EGX Gold Mines projects in Gold production
have an estimated resource of 850,000 ounces
of GOLD.
The Gold Ore ($420 x Au 850,000 ounces = $357,000,000.00)
The Central Mukur and Myaly mining licences
host 59 known Gold deposits
zones of oxide mineralization.
Six of these zones were mined during the years.
The remaining Gold zones are at various stages
of exploration or mine development to ensure
continuity of Gold mining operations.
It is Eurasia’s objective to increase its
annual Gold production incrementally
to Au 60,000 ounces.
Increase in Gold production will come through
increasing the production capability of the
two EGX existing Gold producing projects,
and through development of the other EGX oxide
deposits in Kazakhstan.
~ EGX with 67 zones of oxide mineralisation
remain to be further developed/explored,
according to Minesite.
Shares ownership structure
shares oustanding: 118,332,250
shares held in escrow: 3,900,000
shares held by Thistle Mining and CIDEM: 68,269,253?
shares held by directors and officers: 4,283,437
shares held by retail/instituition, investors,
( float ): 41,879,560
EGX Eurasia Gold Mines in Kazakhstan,
A record production of GOLD Au 8,596 ounces of
GOLD was precipitated during
the 3rd quarter of 2003,
compared to 7,328 ounces
in the 2nd quarter
Highlights from Q3, 2003 earning report ( in US dollars )
- amount of Gold produced was 8,596 ounces
- amount of Gold sold was 7,443 ounces
- average production cost for the 9 months
- was $246.00/oz (incl. cost for expansion of
- heap leach pads etc.)
- deduct the expansion cost of the heap leach pads to expand
- the EGX Gold production and You will find a production cost
- of about $200.00 per ounce
- Gold was sold at an average price of $362.89/oz
- revenue was $2,701,000
- net profit was $169,000 (only from 3rd Q3, 2003 earning report)
- plus the Gold 1153 ounce produced - and to be sold at
- a higher price
Website:
English:
https://www.eurasiagold.com
Français:
https://babelfish.altavista.com/babelfish/urltrurl?url=http%3A%2F%2Fwww.eurasiagold.com&lp=en_fr&tt=url
Deutsch:
https://babelfish.altavista.com/babelfish/urltrurl?url=http%3A%2F%2Fwww.eurasiagold.com&lp=en_de&tt=url
They know their GOLD in Europe, and they do not wish to use truck-
loads of fiat paper money to buy a piece of bread, - ever again!
A Two-Hundred-Billion Mark Note, only 80 years ago
(was probably enough to buy a meal for two in a restaurant)
(the fingerprint indicated its authenticity)
Español:
https://babelfish.altavista.com/babelfish/urltrurl?url=http%3A%2F%2Fwww.eurasiagold.com&lp=en_es&tt=url
Italiano:
https://babelfish.altavista.com/babelfish/urltrurl?url=http%3A%2F%2Fwww.eurasiagold.com&lp=en_it&tt=url
汉语
https://babelfish.altavista.com/babelfish/urltrurl?url=http%3A%2F%2Fwww.eurasiagold.com&lp=en_zh&tt=url
Outlook for 2004
We can expect large increase in revenue and profit
in the upcoming quarters as Eurasia will greatly
benefit from much higher Gold prices.
Management has also proposed that an additional
exploration of ore zones at Central Mukur will
be initiated to further increase the mineable
reserves during 2004.
The EGX Board is continuing with its chosen
strategy of running the company on an
un-hedged basis.
The combination of higher Gold prices,
increase revenues, and the 2004 exploration program
can help lift EGX to new height.
Eurasia is a small and low cost Gold producer
that will offer investors the best leverage
in a rising Gold bull market, imo.
The current value today of the two EGX Gold Mines
development and infrastructure would be
about $40 millions.
Add the value of 59 more Gold deposits with
feasibility studies, and nearly
30 years of exploration activities made by
the Soviet will indicate Eurasia's market
cap of CDN $15 millions as of
Jan. 7, 2004 to be extremely undervalued.
Highlights from Q3, 2003 earning report ( in US dollars )
"Positive earnings immediately put EGX a penny stock
company above 85% of the others.
If those earnings are showing signs of increasing
from one quarter to the next, you may be able
to profit greatly from the underlying shares,
especially if you get in early and the trend of
increasing earnings continues... In the end,
a company can only survive by making more money
than it spends.
This is a fact, and a very painful one for many
investors and corporations who have lost sight
of the rules of the game."
Penny Stocks: The Book by Peter Leeds
https://www.eurasiagold.com/goldprod.html
Dear readers,
The creation of the WWW-server "Kazakhstan" in the
world global information network will enable comprehensive
acquaintance with the history and present-day status
of one of the largest countries in the world.
The overall structure of this site gives a broad notion
of the momentous events in the history of the country, its
investment capabilities, its natural and other resources
and its culture.
The availability of more detailed information about
Kazakhstan will no doubt help in creating an unbiased
and positive image of our young state.
I hope that owing to the ever-growing opportunities
of the Internet, Kazakhstan will no longer remain a terra
incognita on the electronic map of the world.
N. Nazarbayev
The President of the Republic of Kazakhstan,
Mr. Nursultan A. Nazarbayev
Excerpt from the National Anthem of the Republic of Kazakhstan:
We are a valiant people,
sons of honour,
And all we’ve sacrificed
to gain our freedom.
Emerging from malicious grip of fate,
from hell of fire,
We scored a victory
of glory and success
Refrain:
Soar high up in the sky,
oh, eagle of freedom,
Call up to harmony,
agreement and accord!
For hero’s might and strength
is in the nation,
Just as the unity is
nation’s razing sword.
https://www.eurasiagold.com
Kazakhstan - Eurasias new Texas!
The sovereignty and independence of Kazakhstan
Nine years have passed since Kazakhstan
made a historic step when it
declared its sovereignty on
October 25, 1990.
Those years were noted
as great challenges to the people of
Kazakhstan as well as triumphs.
The people of Kazakhstan may be
proud of achievements of your country.
We are ready to work with
Kazakhstan to promote prosperity,
democracy and stability while we
are entering together
the new millenium.
- From the message of
U.S. President
B.Clinton,
October 1999
DD: Eurasia Gold Corp. (EGX:TSX-V)
Email: eurasia@eurasiagold.com
Website: https://www.eurasiagold.com
EURASIA GOLD CORP. (EGX:TSX-V) (Toronto)
https://www.tse.com/HttpController?GetPage=QuotesViewPage&DetailedView=DetailedPrices&Language=en&QuoteSymbol_1=egx&x=41&y=4
The charts tells where the GOLD is!
https://stockcharts.com/webcgi/perf.html?EGX.V,THT.to
GOLD from Kazakhstan - Eurasias new Texas!
THT, bre-x, nt, bgo, wcom ~ mmm-bankster~pros,
u-mutual fund-schemes, don't worry
the facts below will soon find its way to
50++ BB's in EURO!
FYI. THT producing GOLD in the 3Q to $488/oz
compare to
EGX to less than $250/oz ~ and its incl.
cost for expansion of heap leach pads
and still EGX making a good profit on
the Gold production,
imo.
Thistle Mining Forward Gold Sales
~ acquisition term debt
to Standard Bank London Ltd.;
closed 408,843.78 ounces at 2,555 rand per ounce
(based on 7.45 rand/U.S. dollar) compared with
the put price of 3,650 rand;
bought back at a loss, 151,944 ounces of calls,
originally granted at $310 (U.S.) from January, 2005,
until December, 2005, and
152,400 ounces of calls
originally granted at $315 (U.S.) from January, 2006,
until December, 2006.
Note. These calls were a part of the bank's financing requirements
in February, 2002;
BEWARE:
THT - entered into flat forward sales agreements
for 304,344 ounces
at $310 (U.S.) per ounce for the 24-month period between
January, 2005, until December, 2006;
retained the $32.4-million (U.S.) forward currency protection
at 8.65 rand until November, 2003; and
the company also retains flat forward sales amounting
to 220,188 ounces at $330 (U.S.) per ounce
to December, 2004.
THT Infinite share dilution ?
BEWARE:
Thistle previously said it plans to offer -
between 133.3 million and 150 million units at 30 cents each,
raising $40 million to $45 million for
the Montreal-based gold miner.
Each unit consists of one common share and half a warrant
to buy a share at 45 cents within the next five years.
Note. Thistle currently (TSX:THT) has;
Last Updated: 04 Feb 2004
Rolling 52 Week High 0.890
Rolling 52 Week Low 0.270
Quoted Market Value 119,362,239
# of Shares Outstanding 391,351,603
P/E Ratio N/A
Earnings/Share (trailing 12 months) -0.44/sh in loss
https://www.tse.com/HttpController?GetPage=QuotesViewPage&DetailedView=DetailedPrices&Market=T&Language=en&QuoteSymbol_1=tht&x=22&y=8
This is why more and more go from THT to EGX:
Compare EGX to THT and the chart below tells
the facts ~ where the GOLD is!
Please do your own DD before investing.
https://www.eurasiagold.com @ the Mine Team...
https://www.ivarkreuger.com
imo,
Best Regards
Axel Jr.
Precious Metals Spot Price's
https://larouchein2004.net/pages/pressreleases/2004/040208openltr.htm