Metals: Mini Gold (1 Viewer)
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giomf
Forumer storico
.
Da ignorante vedevo solo che negli ultimi giorni il Gold tornava stranamente
... indietro e il Silver continuava imperterrito la sua corsa .....
Siccome > forti tagli FED > Oro bene rifugio ...
allora pensavo ... fra Gold e Silver ... sicuramente il Gold non verrà venduto ...
siccome in molti pronosticano a breve traget ...circa ... 1013-1014 ....
Dico allora ...fra i due ... sicuramente il Gold non scenderà ....
invece ....
.
Da ignorante vedevo solo che negli ultimi giorni il Gold tornava stranamente
... indietro e il Silver continuava imperterrito la sua corsa .....
Siccome > forti tagli FED > Oro bene rifugio ...
allora pensavo ... fra Gold e Silver ... sicuramente il Gold non verrà venduto ...
siccome in molti pronosticano a breve traget ...circa ... 1013-1014 ....
Dico allora ...fra i due ... sicuramente il Gold non scenderà ....
invece ....
.
gipa69
collegio dei patafisici
Chi segue il platino ha visto ina forza straordinaria in queste settimane di questi metallo prezioso.
Aldilà del fatto che i preziosi diversi dall'oro tendono a manifestare nelle fasi più speculative del rialzo fenomeni di irripidimento del rialzo molto significativi allo stato attuale una delle cause del forte rialzo del platino è legato alla crisi energetica in sud africa che costringe il più grande produttore di platino del mondo a limitare la produzione.
South Africa’s Energy Crisis
One of the dangers of putting inexperienced people in charge is that they don’t
understand the long-term consequences of their actions – or inactions.
South Africa has drifted into a serious power-supply crisis because of decisions
taken after the 1994 political transition.
Gold and platinum mines were forced to shut down production because the
national electricity supply authority, Eskom, said it could only provide about half
the power they need. Companies are shelving plans to build or expand powerhungry
plants such as aluminium smelters. City vehicle flows are seizing up
because of traffic lights out of action – Johannesburg is thinking of fitting
expensive solar generators to each set of lights.
It will take years to overcome the electricity supply crisis as the first of three
planned large new power stations will only come on stream in 2013.
When Eskom, which is state-owned, asked the Cabinet in the 90s for permission
to go ahead with expansion of generating capacity, it was vetoed.
But the power crisis is not just about failure to provide for the future – it’s also
about gross incompetence in the management of a massively-important,
technologically-sophisticated industry.
After the political transition, virtually all the experienced managers and engineers
running Eskom were driven out and replaced by officials with the right skin
colour – but little or no experience. Staff numbers were later cut savagely to
produce massive profits and yield fat bonuses for top management.
Failure to spend enough on maintenance of equipment and access routes is now
having predictable consequences. Not enough coal is reaching the generating
plants; powerlines and transformers are failing.
Because so much capacity is out-of-action for various reasons, Eskom was
recently only able to generate 27,000 megawatts, compared to 32,000 a year ago.
Far from failing to keep up with “unexpected” economic growth, as apologists
argue, Eskom is not even able to maintain past production levels.
To address the crisis, plants closed in the past because of obsolescence are being
reopened, and rationing is being introduced, shutting off power to businesses and
homes for several hours a day. The mining industry, so critical to the South
African economy, is being promised 90 per cent of the power it wants (to be
provided by imposing rationing – black-outs – on households and small
businesses.
It’s reckoned it will take another five years to revert to the situation of abundant
cheap power that the ANC government inherited when it first took over.
In the meantime the impact on economic growth, and on the profits of mining
and other power-hungry companies, is likely to be significant. One estimate is
that a fall in production of 5 to 10 per cent would knock 1 to 2 percentage points
off economic growth, which has been averaging about 4 per cent.
Aldilà del fatto che i preziosi diversi dall'oro tendono a manifestare nelle fasi più speculative del rialzo fenomeni di irripidimento del rialzo molto significativi allo stato attuale una delle cause del forte rialzo del platino è legato alla crisi energetica in sud africa che costringe il più grande produttore di platino del mondo a limitare la produzione.
South Africa’s Energy Crisis
One of the dangers of putting inexperienced people in charge is that they don’t
understand the long-term consequences of their actions – or inactions.
South Africa has drifted into a serious power-supply crisis because of decisions
taken after the 1994 political transition.
Gold and platinum mines were forced to shut down production because the
national electricity supply authority, Eskom, said it could only provide about half
the power they need. Companies are shelving plans to build or expand powerhungry
plants such as aluminium smelters. City vehicle flows are seizing up
because of traffic lights out of action – Johannesburg is thinking of fitting
expensive solar generators to each set of lights.
It will take years to overcome the electricity supply crisis as the first of three
planned large new power stations will only come on stream in 2013.
When Eskom, which is state-owned, asked the Cabinet in the 90s for permission
to go ahead with expansion of generating capacity, it was vetoed.
But the power crisis is not just about failure to provide for the future – it’s also
about gross incompetence in the management of a massively-important,
technologically-sophisticated industry.
After the political transition, virtually all the experienced managers and engineers
running Eskom were driven out and replaced by officials with the right skin
colour – but little or no experience. Staff numbers were later cut savagely to
produce massive profits and yield fat bonuses for top management.
Failure to spend enough on maintenance of equipment and access routes is now
having predictable consequences. Not enough coal is reaching the generating
plants; powerlines and transformers are failing.
Because so much capacity is out-of-action for various reasons, Eskom was
recently only able to generate 27,000 megawatts, compared to 32,000 a year ago.
Far from failing to keep up with “unexpected” economic growth, as apologists
argue, Eskom is not even able to maintain past production levels.
To address the crisis, plants closed in the past because of obsolescence are being
reopened, and rationing is being introduced, shutting off power to businesses and
homes for several hours a day. The mining industry, so critical to the South
African economy, is being promised 90 per cent of the power it wants (to be
provided by imposing rationing – black-outs – on households and small
businesses.
It’s reckoned it will take another five years to revert to the situation of abundant
cheap power that the ANC government inherited when it first took over.
In the meantime the impact on economic growth, and on the profits of mining
and other power-hungry companies, is likely to be significant. One estimate is
that a fall in production of 5 to 10 per cent would knock 1 to 2 percentage points
off economic growth, which has been averaging about 4 per cent.
gipa69
collegio dei patafisici
ditropan
Forumer storico
orco zio ... sono incaz.za.to come una jena !!! 
... mi dovevo proprio trovare corto di platino ... put.tana sfig.a !!!! :angry::angry::angry:
... tutto stò casino poi per il taglio di appena il 10% sulla fornitura di enegia elettrica ?!?! ... ma tant'è che quando ci si mette la speculazione.
**************************************************
Platinum hits record on supply drop
NEW YORK, Feb 15, 2008 (AP via COMTEX) -- Platinum prices pushed above $2,000 an ounce for a second day Thursday, hitting a new record after another major platinum producer reported a drop in output because of a power shortage in South Africa.
Other commodities traded broadly higher, with wheat futures rebounding after days of losses and energy futures also rising.
Platinum has shot up 15 percent this month amid supply concerns fed by a South African energy shortage, which has slowed the vital mining industry and sent commodities prices spiking. The country's state-run power utility said Wednesday that the mines and other major customers will receive only 90 percent of their usual power supply until 2012 -- raising worries of significant setbacks in platinum production for years to come.
Impala Platinum Holdings Ltd., the world's second-largest platinum producer, said Thursday it has already lost 10,000 ounces in output and could lose another 10,000 ounces under the energy restrictions, Dow Jones Newswires reported.
"The outlook for platinum production isn't going so great because of the power issue in South Africa, and many of these mining companies are going to have to revise their outlooks as they work out how they're going to continue operating with a 10 percent power cut," said Carlos Sanchez, precious metals analyst with CPM Group in New York.
Platinum for April delivery surged $20.30 to fetch $2,004 an ounce on the New York Mercantile Exchange. The metal earlier soared to $2,030.60 an ounce -- a new all-time high. Platinum breached the $2,000 mark for the first time Wednesday.
Other precious metals traded mixed Thursday. Gold for April delivery added 20 cents to $910.20 an ounce on the Nymex, while March silver lost 9.8 cents to $17.255 an ounce. March copper declined 4.85 cents to $3.4820 a pound.
Platinum prices have skyrocketed in recent years as automakers try to meet demand, particularly in Asia and Eastern Europe. The automotive industry consumes about 60 percent of world platinum supply to make catalytic converters in car exhaust systems.
"Platinum is a necessity for the automotive sector, so manufacturers will have to buy this platinum at these prices or any prices," Sanchez said.
In agriculture futures, wheat prices rose sharply Thursday, reversing three days of losses, as investors bet that dwindling U.S. stockpiles will feed global supply concerns.
Wheat for March delivery shot up 37 cents to $10.285 a bushel on the Chicago Board of Trade, after earlier rising as high as $10.45 a bushel. Wheat hit an all-time high of $11.53 a bushel on Monday.
Other agriculture commodities also rose. March soybeans jumped 28.5 cents to $13.57 a bushel on the CBOT, while March corn added 10 cents to $5.07 a bushel.
In energy markets, crude oil futures rose Thursday after the Commerce Department said the trade deficit fell in December and for 2007 as a whole -- raising hopes that strong exports will help the U.S. economy may avoid recession.
Also lifting oil prices were suggestions by Federal Reserve Chairman Ben Bernanke that the central bank is open to more interest rate cuts.
Light, sweet crude for March delivery rose $1.34 to $94.61 a barrel on the Nymex, after earlier hitting $95.44 -- a one-month high.
Other energy futures also rose. March heating oil added 2.79 cents to $2.6435 a gallon, while March gasoline gained 4.86 cents to $2.4385 a gallon.
Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
MMMM
... mi dovevo proprio trovare corto di platino ... put.tana sfig.a !!!! :angry::angry::angry:... tutto stò casino poi per il taglio di appena il 10% sulla fornitura di enegia elettrica ?!?!
... ma tant'è che quando ci si mette la speculazione. **************************************************
Platinum hits record on supply drop
NEW YORK, Feb 15, 2008 (AP via COMTEX) -- Platinum prices pushed above $2,000 an ounce for a second day Thursday, hitting a new record after another major platinum producer reported a drop in output because of a power shortage in South Africa.
Other commodities traded broadly higher, with wheat futures rebounding after days of losses and energy futures also rising.
Platinum has shot up 15 percent this month amid supply concerns fed by a South African energy shortage, which has slowed the vital mining industry and sent commodities prices spiking. The country's state-run power utility said Wednesday that the mines and other major customers will receive only 90 percent of their usual power supply until 2012 -- raising worries of significant setbacks in platinum production for years to come.
Impala Platinum Holdings Ltd., the world's second-largest platinum producer, said Thursday it has already lost 10,000 ounces in output and could lose another 10,000 ounces under the energy restrictions, Dow Jones Newswires reported.
"The outlook for platinum production isn't going so great because of the power issue in South Africa, and many of these mining companies are going to have to revise their outlooks as they work out how they're going to continue operating with a 10 percent power cut," said Carlos Sanchez, precious metals analyst with CPM Group in New York.
Platinum for April delivery surged $20.30 to fetch $2,004 an ounce on the New York Mercantile Exchange. The metal earlier soared to $2,030.60 an ounce -- a new all-time high. Platinum breached the $2,000 mark for the first time Wednesday.
Other precious metals traded mixed Thursday. Gold for April delivery added 20 cents to $910.20 an ounce on the Nymex, while March silver lost 9.8 cents to $17.255 an ounce. March copper declined 4.85 cents to $3.4820 a pound.
Platinum prices have skyrocketed in recent years as automakers try to meet demand, particularly in Asia and Eastern Europe. The automotive industry consumes about 60 percent of world platinum supply to make catalytic converters in car exhaust systems.
"Platinum is a necessity for the automotive sector, so manufacturers will have to buy this platinum at these prices or any prices," Sanchez said.
In agriculture futures, wheat prices rose sharply Thursday, reversing three days of losses, as investors bet that dwindling U.S. stockpiles will feed global supply concerns.
Wheat for March delivery shot up 37 cents to $10.285 a bushel on the Chicago Board of Trade, after earlier rising as high as $10.45 a bushel. Wheat hit an all-time high of $11.53 a bushel on Monday.
Other agriculture commodities also rose. March soybeans jumped 28.5 cents to $13.57 a bushel on the CBOT, while March corn added 10 cents to $5.07 a bushel.
In energy markets, crude oil futures rose Thursday after the Commerce Department said the trade deficit fell in December and for 2007 as a whole -- raising hopes that strong exports will help the U.S. economy may avoid recession.
Also lifting oil prices were suggestions by Federal Reserve Chairman Ben Bernanke that the central bank is open to more interest rate cuts.
Light, sweet crude for March delivery rose $1.34 to $94.61 a barrel on the Nymex, after earlier hitting $95.44 -- a one-month high.
Other energy futures also rose. March heating oil added 2.79 cents to $2.6435 a gallon, while March gasoline gained 4.86 cents to $2.4385 a gallon.
Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
MMMM
ditropan
Forumer storico
... comunque una emerita presa per il sedere !!! Gli indici vengono giù a piombo per la paura di recessione ... con il platino ci fai praticamente solo catalizzatori per auto (60% della produzione) ... le vendite di nuove auto sono in calo e con recessione non cambi auto .... il platino inanella recod su record !!!
gipa69
collegio dei patafisici
Platinum hits record high at $2,055 on panic buying
Fri 15 Feb 2008, 13:28 GMT
[-] Text [+] By Atul Prakash
LONDON (Reuters) - Platinum surged nearly 3 percent to hit an historic high for the successive 12th day on Friday, with acute power problems in top producer South Africa forcing investors and consumers to hastily snap up the metal.
Spot metal hit a high of $2,055/2,065 an ounce at 1242 GMT, against $1,997/2,007 in New York late on Thursday. It has jumped 34 percent this year on the top of 37 percent gains recorded in 2007.
"It's panic, panic, panic. If you are a platinum consumer, you are not going to sleep at night," said Robin Bhar, metals analyst at UBS Investment Bank.
"The price move shows you the unprecedented nature of the market. People can see actual physical shortages somewhere down the road and prices moving away from them. It's not a case of just speculation. There is genuine demand coming through."
South Africa, which accounts for 80 percent of global platinum supply, has been hard hit by power cuts since early January, forcing mines to shut for five days last month.
South Africa's state power firm Eskom said on Thursday it would increase coal purchases and buy back electricity from those industrial users able to reduce consumption under a plan to address crippling shortages.
Analysts say the platinum deficit could widen to 400,000 to 500,000 ounces by the end of 2008, compared with about 265,000 ounces in 2007. The market had a surplus of 65,000 ounces in 2006 following seven successive years of deficits.
"Platinum supplies are heavily dependent on this market, and the delicate power supply situation as well as concerns about mine safety leave mine output extremely susceptible to potential disruptions," Barclays Capital said.
"The market is set to retain its deficit, further eroding the low level of above ground inventories thus further buoying platinum prices," it said in a report.
Impala Platinum, the world's No. 2 producer, on Thursday forecast "very tight market conditions", while No. 1 producer Anglo Platinum said this week the power problem alone would cut output by 120,000 ounces in 2008.
Angloplat said it had shut it Polokwane smelter for weeks of repairs.
GOLD GAINS
Gold also advanced, helped by a weaker dollar and Thursday's comments from Federal Reserve Chairman Ben Bernanke reinforcing the impression it will cut its benchmark rate by 50 basis points in the U.S. central bank's next policy meeting in March.
Spot gold rose as high as $913.30 an ounce and was last quoted at $910.10/910.80 an ounce, against $907.10/907.90 in New York late on Thursday.
U.S. gold futures rose $2.5 an ounce to $913.30.
"The return of the weak dollar/strong oil scenario should prove support for gold in the coming sessions. As well, traders again interpreted Bernanke's comments to suggest a further rate cut may be in the pipeline," said James Moore, metals analyst at THeBullionDesk.com.
"Gold now needs to conquer chart resistance at $913 and $927 or else the metal will remain vulnerable to a deeper correction back to the $875-$882 area."
Bernanke told the U.S. Senate Banking Committee the central bank "will act in a timely manner as needed to support growth and to provide adequate insurance against downside risks."
A rate cut tends to boost gold' appeal as an alternative investment to currencies and bonds.
Harmony Gold, the world's fifth-biggest gold producer, posted a wider second-quarter loss per share after an accident closed a mine and warned South Africa's power crisis was now hitting output.
Palladium firmed to $437/440 an ounce from $433/437, while silver rose to $17.35/17.40 from $17.24/17.29 an ounce in the U.S. market.
Fri 15 Feb 2008, 13:28 GMT
[-] Text [+] By Atul Prakash
LONDON (Reuters) - Platinum surged nearly 3 percent to hit an historic high for the successive 12th day on Friday, with acute power problems in top producer South Africa forcing investors and consumers to hastily snap up the metal.
Spot metal hit a high of $2,055/2,065 an ounce at 1242 GMT, against $1,997/2,007 in New York late on Thursday. It has jumped 34 percent this year on the top of 37 percent gains recorded in 2007.
"It's panic, panic, panic. If you are a platinum consumer, you are not going to sleep at night," said Robin Bhar, metals analyst at UBS Investment Bank.
"The price move shows you the unprecedented nature of the market. People can see actual physical shortages somewhere down the road and prices moving away from them. It's not a case of just speculation. There is genuine demand coming through."
South Africa, which accounts for 80 percent of global platinum supply, has been hard hit by power cuts since early January, forcing mines to shut for five days last month.
South Africa's state power firm Eskom said on Thursday it would increase coal purchases and buy back electricity from those industrial users able to reduce consumption under a plan to address crippling shortages.
Analysts say the platinum deficit could widen to 400,000 to 500,000 ounces by the end of 2008, compared with about 265,000 ounces in 2007. The market had a surplus of 65,000 ounces in 2006 following seven successive years of deficits.
"Platinum supplies are heavily dependent on this market, and the delicate power supply situation as well as concerns about mine safety leave mine output extremely susceptible to potential disruptions," Barclays Capital said.
"The market is set to retain its deficit, further eroding the low level of above ground inventories thus further buoying platinum prices," it said in a report.
Impala Platinum, the world's No. 2 producer, on Thursday forecast "very tight market conditions", while No. 1 producer Anglo Platinum said this week the power problem alone would cut output by 120,000 ounces in 2008.
Angloplat said it had shut it Polokwane smelter for weeks of repairs.
GOLD GAINS
Gold also advanced, helped by a weaker dollar and Thursday's comments from Federal Reserve Chairman Ben Bernanke reinforcing the impression it will cut its benchmark rate by 50 basis points in the U.S. central bank's next policy meeting in March.
Spot gold rose as high as $913.30 an ounce and was last quoted at $910.10/910.80 an ounce, against $907.10/907.90 in New York late on Thursday.
U.S. gold futures rose $2.5 an ounce to $913.30.
"The return of the weak dollar/strong oil scenario should prove support for gold in the coming sessions. As well, traders again interpreted Bernanke's comments to suggest a further rate cut may be in the pipeline," said James Moore, metals analyst at THeBullionDesk.com.
"Gold now needs to conquer chart resistance at $913 and $927 or else the metal will remain vulnerable to a deeper correction back to the $875-$882 area."
Bernanke told the U.S. Senate Banking Committee the central bank "will act in a timely manner as needed to support growth and to provide adequate insurance against downside risks."
A rate cut tends to boost gold' appeal as an alternative investment to currencies and bonds.
Harmony Gold, the world's fifth-biggest gold producer, posted a wider second-quarter loss per share after an accident closed a mine and warned South Africa's power crisis was now hitting output.
Palladium firmed to $437/440 an ounce from $433/437, while silver rose to $17.35/17.40 from $17.24/17.29 an ounce in the U.S. market.