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GATA event? GOLD!

May 07, 2011 6:05 PM ET
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Seeking Alpha Analyst Since 2010

jaro gruber ;-) investing, gold, silver, inflation, internet, blogging, trading, CFDs, financials, economy, commodities, renewable energy, coffee, orange juice, jim rogers, larry williams, swindling democracy in western democracies, stupid politicians + their small dirty central banks, FED, ECB, bailouts, market manipulation, peace, freedom, ron paul, www.ZEITGEISTMOVIE.com, nature, climate, environment, greenpeace, WWF, martial arts, skiing, travelling + the STILL AVOIDABLE END OF THE WORLD :o)) wanna visit me? pls jump 2 http://jarogruber.blogspot.com/
bill murphy + james turk + peter boehringer = great presentation evening in munich (on friday, april 29, 2011:-)

(source: http://gata.org)

[big picture link: http://4.bp.blogspot.com/-2vtQRCpY7o...ill+murphy.JPG]
bill murphy (www.GATA.org) speaking + peter boehringer (DEG) sitting

[a big picture link again: 3.bp.blogspot.com/-gjS...james+tu...]
james turk (www.goldmoney.com)

folks, gold is abt libertarianism, freedom, free markets, austrian economy, honest money, peace, minimization or even elimination of fraudulent systems like paper money / bailouts / quantitative easings / corrupt governments / states + their small dirty central banks and the like, u know? well, the evening was abt all of that and of course abt meeting other paranoid fellow gold/silver bugs, old buddies and few new folks as well ...

what did i liked most? well, it was again james turks speach ... even if i already know the content of his slides backwards, i simply like the clear and easy to understand messages of that really gifted public speaker ;o)

on the other side, there was too much upset and too much time spent on the 'evil' manipulation (to the downside) of the gold and silver markets by the bad, bad, bad bullion banks, FED, FEDs buddies like jp morgan chase, abt the recent CFTC hearings, etc ... i cant hear that stuff any longer, do u believe me? gold is a political metal so of course there is some manipulation out there, but e.g. the currency + bond markets are manipulated much much more esp. by the corrupt central banks via the official 'interventions' which means buying/selling the given currency (= direct manipulation) or by willfully setting the interest rate for a given currency (= indirect manipulation), so what? if the demand for physical gold + silver would be stronger the price of gold + silver would be higher! it is really as simple as that, u see? gonna buy some cheap manipulated gold+silver and say thx 2 evil manipulators 4 providing this huuuuge buying opportunity? do u?

btw, im involved in the silver market with many ups and downs since 2005. the price was $7 per ounce back then .... the price 2day? $48 per ounce, which is +600% in 6 years!!! of course u can bother your calculator if u wanna some more precise numbers, im both too lazy and too stupid to get it correctly, anyway. what the hell is the price of gold? $1,563 per ounce = all-time-high, reached in the late trading hours on a friday, the day before weekend!!! (again 3 exclamation marks in order 2 show ya the importance of this 'event') ... what abt the production costs ('cash costs') per ounce of silver? the most silver producers out of mine stock portfolio produce between -6 (silvercorp metals) and +13.5 (u.s. silver in 2010 on average) dollars per ounce, my standard mexican producers get the silver for $7 per ounce out of the ground, i think. pls dont think the 'minus' 6 was a mistake, it wasnt. the silvercorp guys sell their zinc, lead, copper and other stuff, earn 6 bucks and on top have all silver 4 free ... what abt the silver price manipulation to the upside? lol

what was the most valuable insight 4 me? well, i really enjoyed speaking in-depth to a fellow junior mining companies investor i know for years .... and i think now i know why are our favorites and the whole portfolios struggling like hell despite the record high gold / silver / copper prices and why both of us fear the 2008 crash could happen again :-( ... the reason is so simple and so sad at once ... btw, the most real reasons are really simple ... well, here we go: my buddy has no additional money to invest and neither have i :-((( ... got it? the 'old' investors have no money left and there are for sure no new investors out there! logical, isnt it? no wonder that on a normal or even on a strong trading day stay the share prices of the junior miners flat and on a weak day they are cheap like an unwanted pet. OMG!!!!! (5 exclamation marks, no comments)

pls dont bother me with questions abt the weak performance of industry leaders like barrick, newmont, gold fields, kinross, goldcorp, yamana ... i think, all of them are below their 2008 highs. folks, the gold price was $700-$800 then, i believe. shame on them!!! imho they will not advance too much until they change their shareholder-damaging financing via convertible bonds (all institutional investors sell the stock if the convertible is some 5-15% above their purchasing level) and/or start paying ATTRACTIVE dividends for us owners ... btw, im going 2 sell few of them in the next market upswing and thus vote 'no' with my money to teach them a lesson, u know?


ps: sorry 4 that much senseless gossip up there! of course u shouldnt get 10,000 bad dreams abt gold / silver / money / state defaults / monetary reforms / riots in the street and the like! just live ... and let live ... and pls do some good 2 humans and nature => an excelent well-known 30 seconds eckhart tolle youtube-video included, a great message, enjoy ;-)


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