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-- Posted Wednesday, 4 January 2006 | Digg This Article
HIGHLIGHTS in “Gold Forecaster - Global Watch” Silver – COT, Gold : Silver Ratio EDR.V, SSRI, PAAS, SIL, HL, CDE / Platinum. SHARES: HUI, NEM, FCX, GFI, HMY, DROOY, NG, VGZ, GOLD, PDG, GLG, MNG, PDG, GLG, Western Gold Fields, GG, VIA.to, VGZ Makes a Big Move – Update Index: 1-2. Market Forecasts / Short-term forecasts across the Board! 2-3. Comex forecast 2006/ Commercial Shorts Forecasts 2006 3-16. Forecasts for 2006 for gold sales under the CBGA / Exchange Traded Funds 2006/ Indian demand 2006/ 2006 Oil Crisis / Prospects for the U.S. $ 2006 / Shares we follow/ Gold: Oil Ratio/ Dow Jones / Technical Analysis of the Gold Price: Long / Gold price drivers 2006 / Short term in the U.S. $ / Treasury Notes / CRB Index / Natural Gas 16 – 33. International Gold Markets / Silver / Platinum/ Silver & Gold Shares
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Gold as a currency! We have seen gold move from a discredited relic, through to linked to the €, on to a separate currency itself. This is not a short-term condition but a re-establishment of gold in its role as money, defining trust between all, even enemies. For the last 60 years the world has been expected to trust paper currencies as money. This has been in the interests of Government and Bankers as it heightens the level of flexibility amongst money and gives control over money [including money owned by you] to banks and to government. This system works, only so long as governments and banks act in such a way as to give the same reliability to paper money as is inherent on gold. Once it fails to do so people begin to lose confidence in it and those who manage it. We are experiencing this fall in confidence right now and will do so as long as governments and banks undermine such confidence, globally! In India we have the complete definition of gold used as a store of wealth and as an alternative money. There, individuals have never developed trust in the Rupee, because the government and its official, supported by the banks, constantly seek to exert their power and government over it in a manner unacceptable to the Indian community as a whole. Is this where gold is headed in the future in the global monetary system, where nations have interests not friends? Such a trend will exponentially increase volatility and the value of the gold price! Exchange Traded Funds in 2006  Earlier this year we forecast that the amounts invested in the Exchange Traded funds would rise as the gold price rose. This has proved to be the case. Surges in buying have accompanied the times when the gold price jumped. We forecast this pattern would persist for the foreseeable future. As an example it is reported that streetTRACKS Gold Shares Trust increased its holdings in the last week, as the gold price rose by 18.58 tonnes of gold. Over 12 tonnes of that increase was reported Tuesday and Wednesday (12/27-28). This is more than the gold sold by the Central Banks of the Central Bank Gold Agreement.
The latest statistics from the Exchange Traded Funds show confirm this. The five gold funds [the four developed under the Gold Bullion Council’s efforts and Barclays iShares] currently hold 347 tonnes of gold in trust, up 70 tonnes in the last three months, in line with the moves in the gold price. Indeed, the growth in gold held by the E.T.F. s well describes the level of brand new investment interest in gold. At close to 10% of newly mined gold levels these volumes will tip the balance of demand over supply just by themselves! We forecast ongoing growth in these quantities to far higher levels, perhaps even doubling in the next two years. Institutional demand not only in the United States, but across the globe can now enter the gold market as it has never done before. The ceiling on the volumes that could come from this source is far greater than we imagine. To emphasize the point, please note that this demand was not in the market in the 1970’s or ‘80’s. It is brand new! They come with one notable feature, which must be borne in mind in future; they will be far more price-sensitive than traditional investment demand. In our latest issue, we have made our forecasts for Gold, Silver and Platinum and our favored Gold and Silver and Platinum shares for 2006. 
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This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. Gold-Authentic Money / Julian D. W. Phillips, have based this document on information obtained from sources it believes to be reliable but which it has not independently verified; Gold-Authentic Money / Julian D. W. Phillips make no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. Expressions of opinion are those of Gold-Authentic Money / Julian D. W. Phillips only and are subject to change without notice. Gold-Authentic Money / Julian D. W. Phillips assume no warranty, liability or guarantee for the current relevance, correctness or completeness of any information provided within this Report and will not be held liable for the consequence of reliance upon any opinion or statement contained herein or any omission. Furthermore, we assume no liability for any direct or indirect loss or damage or, in particular, for lost profit, which you may incur as a result of the use and existence of the information, provided within this Report.
Disclosure: The owner, editor, writer and publisher and their associates are not responsible for errors or omissions. The author of this report is not a registered financial advisor. Readers should not view this material as offering investment related advice. Authors have taken precautions to ensure accuracy of information provided. Information collected and presented are from what is perceived as reliable sources, but since the information source(s) are beyond our control, no representation or guarantee is made that it is complete or accurate. The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action. Past results are not necessarily indicative of future results. Any statements non-factual in nature constitute only current opinions, which are subject to change. The information presented in stock reports are not a specific buy or sell recommendation and is presented solely for informational purposes only. The author/publisher may or may not have a position in the securities and/or options relating thereto, & may make purchases and/or sales of these securities relating thereto from time to time in the open market or otherwise outside of the trading timeframe listed above. Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities & therefore information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein. Investors are advised to obtain the advice of a qualified financial & investment advisor before entering any financial transaction.
-- Posted Wednesday, 4 January 2006 | Digg This Article
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