further information will be presented here.
Bundesbank chief recommends gold
(Martin Seal - Seal Investments) The price of gold loses on Friday in New York trading of 1,791 to $ 1,781 / oz. This morning, the price of gold is trading in Sydney and Hong Kong further and is currently trading $ 1,772 / oz to about 22 $ / oz lower than on Friday. The gold mining stocks to give the world, he said, would be relatively robust.
Of the world financial crisis to crack-up boom (boom disaster)
Bundesbank chief Jens Weidmann described gold as a timeless classic in its function as an exchange, payment and a store of value - that is, as good money.
Euro-inflation rate climbs to 2.7% in September.
Turkey approves military action against Syria.
The precious metals markets
In euro terms, the price of gold is clear from (current price 43,855 euros / kg, day before 44,315 euros / kg). On 18/07/11, the gold price exceeded the interim target of $ 1,600 / oz and is rated for the first time for over 20 years, fairly. By price increases and the increase in credit amount is the fair value for the price of gold has increased since 04/11/09 from 1,600 to $ 1,800 / oz. With the current very volatile developments in the financial markets to today's purchasing power is a price band from 1700 to 1900 $ / oz justified. Below $ 1,700 / oz gold price remains undervalued, over $ 1,900 / oz begins (after today's purchasing power) relative overvaluation. At a gold price of about $ 1,800 / oz gold, many producers grow profitably and increase the overall long-term gold production. Because of the lack of investment alternatives, it is advisable to remain at the beginning of a likely exaggeration phase fully invested in gold silver and precious metals stocks. It should be noted that the coverage of gold in recent years has changed for the better and weaker hands have come into the market, so that setbacks vary from immediately be much more violent. In the coming inflationary period (crack-up boom, described in the journal "Smart Investor", April 2009 issue (http://www.smartinvestor.de/pdf/Smart-Investor-4-2009-S-44-49 . pdf) to the target path of the gold price will have to be raised significantly.
Silver falls back (Current Price $ 34.08 / oz, $ 35.02 the previous day / oz). Platinum loses the previous day's gains (current price $ 1,691 / oz, $ 1,724 Previous day / oz). Palladium is clear from (Current Price $ 653 / oz yesterday $ 670 / oz). Base metals fall between 1 and 2%.
The New York-Xau gold mining index lost 1.0%, or 2.0 points to 191.5. The factory settings are Yamana by 3.0%. Osisko can specify 1.4% against the trend. For the smaller values Primero house Explicit after the announcement of an advantageous taxation in Mexico. Klondex rise 7.7% and 5.0% Yukon-Nevada. Wesdome fall 8.7% and 8.2% Santa Fe. When the silver values give Silvercrest 6.1%, 4.7% and Orko Arian 4.6% to Tahoe can grow by 4.2%.
The South African values develop in New York trading weaker. DRD fall back 4.5% and 3.1% of Harmony.
The Australian gold mining stocks evolve this morning dipping. When the producer are Resolute 6.9%, 5.3% and St Barbara Troy 4.0%. Bucking the trend to improve Dragon 4.0% and 3.1% Tribune. In exploration values fall Signature 14.3%, 14.0% and Intrepid Cerro 9.1%. Drake attract 19.4%. The metal values are reflected in both directions changed little.
Stabilitas Fund
The Stabilitas Pacific Gold + Metals Fund (A0ML6U) lost 1.0% to 134.39 euros. Best fund value is now Tribune (+3.1%). The Fund will be charged by the price declines of the Resolute (-6.9%), Noble (-6.3%) and Gold Road (-6.1%). The fund is expected to increase significantly compared to today Xau-benchmark.
In view of the last 3 years, the fund is currently the third-best of 65 by precious metal equity funds: www.onvista.de / funds / performance.html
In the analysis for 9/30/12, the Fund increased by 13.0% and remains slightly below the Xau-benchmark, which can increase by 14.9%. Since the beginning of the year, the Fund may cover losses, while the benchmark index Xau-indented with a gain of 6.8% in the profit zone. Despite the currently somewhat remaining development, the Fund maintains a timeframe of 3 years at the absolute top of all gold mining funds. The fund value increases by slight inflows and gains of 18.0 to 20.5 million euros.
Earnings in 2007: 12.5%
Loss in 2008: 63.5%
Profit in 2009: 131.1% (best gold mining funds)
Earnings in 2010: 81.3% (second best gold mining funds)
Loss in 2011: 22.3%
Loss in 2012: 0.02% (Xau Comparison Index +6.8%).
Note: Past performance is not indicative of future results.
The Stabilitas silver & white metals (A0KFA1) improved by 2.2% to 56.84 euros. Best fund value is now Tahoe (+4.2%). The Fund will be charged by the price declines of the Silver Crest (-6.1%) and Orko (-4.7%). The fund is expected today to give parallel Hui benchmark.
In the current year, the Fund for the 1st Space of 106 funds argue (see www.onvista.de / funds / performance.html)
In the evaluation of the funds listed on 9/30/12 a profit of 16.5% and thus increases as in the two previous months, significantly more than the Hui benchmark that can grow by 14.0%. The good performance of the Fund is mainly due to the strong gains of silver defaults. Since the beginning of the year, the fund is a gain of 14.0% on top of all the precious metals fund approved in Germany and can leave the Hui benchmark (+4.0%) far behind. The fund value grows by price gains and inflows by 25.7% to 36.7 million euros. All proceeds were invested, so that the fund remains invested with a share of 100% in silver mining stocks.
Loss in 2007: 5.9%
Loss in 2008: 75.6%
Profit in 2009: 47.9%
Earnings in 2010: 60.3% (second-best commodity fund in 2010, the euro and on Sunday)
Loss in 2011: 27.3%
Earnings in 2012: 14.0% (Hui-Benchmark: +4.0%)
Note: Past performance is not indicative of future results.
The Stabilitas gold + resources (A0F6BP) improved by 1.1% to 51.11 euros. The best fund values today are the Australian G-Resources (+9.0%) and Tribune (+3.1%). The Fund will be charged by the price declines of Richmont (-4.8%), Intern. Tower Hill (-4.1%), the South African DRD (-4.5%) and the Australian Gold Road (-6.1%) and St Barbara (-5.3%). Overall, the fund now down slightly against the Xau-benchmark.
In the analysis for 9/30/12, the Fund increased by 12.3% and remains slightly below the increase of Xau-benchmark returns (+14.9%). Since the beginning of the year, the fund remains back with a loss of 6.6% after the Xau-benchmark, which can be improved by 6.8%. We remain convinced that the structure of the Fund will perform in the coming weeks to the Xau-benchmark can be beaten. The fund value is increased in parallel with the price gains of 5.1 to 5.7 million euros.
Earnings in 2006: 47.0%
Loss in 2007: 19.3%
Loss in 2008: 64.4%
Profit in 2009: 12.4%
Earnings in 2010: 21.8%
Loss in 2011: 30.9%
Loss in 2012: 6.6% (Xau Comparison Index: +6.8%)
Note: Past performance is not indicative of future results.
The Stabilitas Gold & Resources Special Situations (A0MV8V) lost 0.5% to 49.01 euros. The best values are today Mt Magnet Fund (+10.0%) and Wild Horse (+3.5%). Charged the fund by the price declines of the Intrepid (-14.0%), Voyager (-12.5%) and Resolute is (-6.9%). The Fund should now increase significantly compared with the benchmark TSX Venture.
In the analysis for 9/30/12, the Fund increased by 4.9% and remains slightly behind the rise in the TSX benchmark index, which may rise by 6.4%. Since the beginning of the year, the loss is reduced to 22.6% (TSX-Venture Fund Index: -6.9%). Since inception, the Fund developed despite the recent weaker development in parallel with a loss of 51.1% for the benchmark index, which recorded a loss of 50.1%. The fund value is increased in parallel with the price gains of 2.9 to 3.0 million euros.
Loss in 2008: 73.9%
Profit in 2009: 73.1%
Earnings in 2010: 87.4% (best raw materials and energy fund, Reuters)
Loss in 2011: 22.3%
Loss in 2012: 22.6% (TSX-Venture Fund Index: -6.9%).
Note: Past performance is not indicative of future results.
