Russia & Mexico Buy Gold Worth Nearly $1B in March

Saya terima email berkaitan berita semasa emas dunia. Artikel yg agak panjang tapi menarik dan penting juga kita tahu berkaitan pasaran emas dunia semasa iaitu berkaitan Russia dan Mexico telah membeli emas sekitar USD1B. Apa pentingnya tentang berita ini kepada kita. Disini saya syerkan link untuk artikel berkenaan: KLIK

Siri 2: 2600 BC

Permulaan rekaan barang kemas

Dicipta oleh tukang emas purba Mesopotamia (sekarang Iraq). Kraf dalam bentuk kepingan emas sebagai barang kemas terawal serta tengkolok pengebumian dengan manik lapis dan akik merah yang dihiasi dengan dedalu loket emas yang berbentuk daun.

Barang kemas yang diperbuat daripada emas diperhatikan sebagai barangan yang diminati sejak zaman purba lagi dan ini telah berlanjutan sehingga zaman kita sekarang. Lihatlah sejarah mengaitkan emas dengan Zaman Firaun dan zaman-zaman selepasnya. Keranda emas, kerusi emas, katil emas, pakaian dll lagi.

Time to Favor Gold Equities

Artikel terbaru drp:  From http://www.resourceinvestor.com/


Time to Favor Gold Equities

BY ADRIAN DAY

April 18, 2012 • Reprints

It’s not news that gold stocks are trading at some of their lowest valuations in the last decade; indeed by some metrics, they are at their lowest since the start of this bull market.  There are many indicators to consider, demonstrating just how low the gold stocks have fallen. 

Current price to cash flow, for example, for the XAU index is barely above eight times, the lowest level since 2000. It’s down from almost 14 times at the end of 2010 and 20 times the year before. 

In terms of price, most senior gold stocks are down 25% or more over the past year; many are considerably lower today than they were in early 2008, when gold was trading under $900 an ounce; Newmont even traded higher in 1996! 

Why are they so cheap?

Before trying to decide if the turn might be at hand, we should examine what has caused this astonishing underperformance, given gold’s strong record. Some culprits are well known. In the early years of the bull market, miners’ costs (notably energy) rose even more than did the price gold, squeezing margins even as the gold price jumped. Indeed, it was not until the second half of 2008, nearly eight years into the bull market, before major miners, in aggregate, actually made money.

Moreover, gold miners did not actually help themselves – well, they did help themselves – with excessive stock issuance to finance frequently pricey acquisitions that did not work. The sector as a whole has a terrible record of wealth creation. This poor record only helped drive many investors towards the gold bullion ETFs when they came out in 2005. Their dramatic growth in assets reflects this, and also that gold ETFs do not disappoint; the gold price goes up, the ETF goes up. Simple!

Why are people buying gold?

More recently, however, two other factors have come into play. A weak stock market last year, following a relatively nervous rally since the credit crisis in 2008, caused many investors, particularly individuals, to be skeptical of stocks…and that included gold stocks. And the very reasons that more people have turned towards gold assets in the last few years – protection from  deflating currencies, insulation from global monetary and debt woes – favors gold bullion (or ETFs) over volatile mining stocks, which have numerous extraneous influences beyond the price of gold.

When profit replaces protection as the primary motive for gold buyers is when they will favor gold stocks over bullion.

Gold companies dealing with problems

In the meantime, some of the problems with the gold stocks are taking care of themselves. Margins finally are expanding, and mining companies have lots of cash on their balance sheets. Mining companies are exercising better financial discipline than in years past, largely as a result of shareholder pressure after a series of well-publicized write offs and write downs of prior expensive acquisitions.  Many have boosted dividends (most notably Newmont, whose dividend is now tied to the price of gold) as a way of differentiating themselves from the ETFs (which of course has no yield).

So, many of the factors that hurt gold stocks have turned to the stocks’ advantage, while increasingly cash-rich companies are in a position to make acquisitions without equity dilution. Finally, valuations are now low enough to attract buyers; on three previous occasions during this decade-long bull market when valuations for gold stocks fell deeply into oversold, undervalued territory, they were followed by rallies of over 100%.  We don’t know where the bottom will be, but the recovery will be strong enough to justify buying now.

Adrian Day will talk on " Top Seven Low Risk Resource Stocks for the Year Ahead" and "Is the Resource Boom Over" on Monday, May 14, and participate in a "Bulls & Bears"  keynote panel on Tuesday, May 15, during the New York Hard Assets Investment Conference. 

About the Author

Adrian Day

Adrian Day is president of Adrian Day Asset Management, a boutique money management firm which handles accounts in both global and gold equities for individuals. Contact him at assetmanagement@adrianday.com or www.adriandayassetmanagement.com.

Sejarah awal emas.

Emas sebagai 'Warisan'
Emas mempunyai ciri-ciri unik yang tiada tandingan, ia satu bahan lengai. Ia tidak bermakna apa-apa sehingga manusia menemuinya dan melombongnya. Menapisnya dan melenturnya mengikut citarasa masing-masing. Jadi emas mempunyai terlau banyak sejarah dan tamadun. Di sini dan seterusnya dalam beberapa post akan datang dicatitkan beberapa hal sejarah berkaitan emas dalam tempoh di mana sejarah itu terjadi.

Siri 1: c. 3600 BC
Permulaan meleburkan emas
Tukang emas orang Mesir melaksanakan kerja-kerja peleburan atau memisahkan logam-logam yang terdapat di dalam bijih-bijih yang dilombong. Mereka menggunakan sumpitan yang diperbuat daripada lempung tahan kebakaran bagi memanaskan relau peleburan.

Kenaikan harga emas sepanjang minggu.

Sedikit ringkasan harga emas sepanjang minggu lepas:
Minggu lepas emas ditutup pada tahap harga sekitar $1630. Pada malam sabtu emas kelihatan seperti ditutup kira-kira $1670 selepas mendapat setinggi $1680 sebelumnya. Itu adalah lebih daripada 2% naik berbanding minggu sebelumnya dan keseluruhanya menunjukkan harga emas keseluruhannya pada asasnya adalah rata(flat) setakat ini.

Maklumat emas yang agak penting

A message from: http://www.goldmadesimplenews.com

As the gold price takes another leg lower it’s ‘bigger picture’ time once again

Promosi terbaru Public Gold

Sedikit Kupasan Pasaran Emas Sepanjang Minggu Lalu drp www.goldmadesimple.com.

Saya telah menerima berita terbaru dan kupasan berkaitan pasaran emas dunia melalui emel drp www.goldmadesimple.com yang saya langgan bagi mengetahui berita-berita terbaru berkaitan kommoditi ini. Antara lain menyelitkan perkara-perkara berkaitan harga emas yang telah mencecah harga terendah sebanyak tiga (3) kali dalam bulan Mac. Ini petikan penuhnya, saya tidak membuat alih bahasa karana khuatir berlaku kesilapan fakta: 

Gold Made Simple News Goldmadesimple@cmp.dotmailer.co.uk

Mar 31 (2 days ago)
This week is really all about the very sorry state that the UK economy finds itself in. Our main article features news from the OECD that they're predicting that the UK will officially be in recession next week when we get a first look at the GDP figures for Q1 - Nobody should be surprised by this, after all taxes have gone up, the debt has increased by some 30% in two years and unemployment is higher now than the peak reached at the height of the recession. In short we're still in the same recession that started in 2008. No prizes for what we think the BoE will do as a result of this news.

We also feature a very interesting clip of Bill Gross, who runs the worlds largest bond fund, essentially advising every investor to look towards adding gold to their portfolio - and this is from a bond guy.

Before we get into gold's performance this week we'd like to draw your attention to a very special offer that Gold Made Simple are running. We have a 1kilo gold bar that we're going to sell at the spot rate of gold. Usually a 1kilo gold bar sells for anywhere between 2%-4% over the spot rate, we can virtually guarantee that you won't be able to buy a 1kilo bar cheaper anywhere in the UK.

However we only have 1 bar to sell at this rate and will be sold very much on a first come first serve basis - for more details go to www.goldmadesimple.com.

On the gold front we're at the end of another month (maybe Mckenna was onto something about timing speeding up after all?) and it's looking like gold will be putting in back-to-back down months. This will only be the 12th time that gold has achieved such a feat in the entirety of its 12 year long bull market.

A couple of weeks ago we put out a piece looking at the amount of 'up' and 'down' months over the course of gold's bull run. We found that there has never been a time since 1999 that gold has put in 3 consecutive down months. Something to remember as we head into April.

On a weekly basis gold got off to a great start on Monday rallying all the way up to $1690/£1060 on the back of Ben Bernanke hinting at more money printing to come. But after that gold has drifted lower for the rest of the week.

Yesterday we got all the way back down to $1644/£1034 before staging a come back today to close out the week and the month around the $1663/£1040 level and once again flat on the week. This is the third week in a row that we've closed on a Friday at these levels.

Silver is very much the same as gold, for the week it has put in a 'doji' formation (essentially silver's gone up, gone down and then ended the week back where it started) and is looking to close around the $32.2 level - fractionally up on the week.

Last week we postulated that gold had bottomed at the $1630-40 level - this week certainly adds weight to that argument but we're not going to know for sure for the next couple of weeks as the precious metals market looks set to be stubbornly indecisive for a while yet.

Have a great weekend - the Gold Made Simple team  
From : www.goldmadesimple.com.