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Will gold go $1,500/ounce this year?

 
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kathaksung
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PostPosted: Fri Nov 20, 2009 8:36 pm    Post subject: Will gold go $1,500/ounce this year? Reply with quote

609. About gold price and inflation (9/16/09)

I have been blocked to post until today. It is nearly three months. I could post recently with the message because I go to the public library for their computer service.

Gold will go $1,500 to $2,000/ounce in recent days

I think the Feds is preparing another financial tsunami in the rest days of this year. In which US dollars will rapidly devalued to a historical low. The price of the gold will go $1,500 to $2,000/ounce. The exchange rate of the Japanese yen will go 80/dollar or higher. The Euro will go 1.6 dollar/Euro or higher.

This is why there is regime change in Japan. The Liberal party was too close to its enterprises and big business. It resists to increase the value of yen to the desire of the Feds. So it has to step down. The Democrat party who is willingly to sacrifice the Japanese financial interest now gets the power. The high value of Japanese yen will certainly hurt Japan's economy.

China and India co-operate with the Feds. They have bought the gold quietly for sometime and will make a good profit in coming gold rush.

It will happen in coming days of this year. What a tsunami it is if it all takes place in three months. I predict it before the media bang the drum on inflation. And remember what I said today and how the Feds control your mind with propaganda.


When I say the Feds is the hand to push up the gold price, the Feds here means intelligence (FBI, DEA). So they have their own way to clear the uphill road for the gold.

Here is a whole page advertisement in San Jose Mercury News on August 24, 2009:

Cash for Gold comes to Cupertino

With unemployment and foreclosures at a record high in California, ARC Capital Investments will host another fun, safe and lucrative cash for gold purchasing event here in Cupertino to help stimulate the economy. Many people are already very aware of the benefits of such an event due to the many advertisements on television, radio and the Internet.

ARC Capital Investments, a California state-licensed precious metals dealer, has a different approach to the demand and supply of precious metals. Owner of ARC, hosts a 4-day event in the Cypress Hotel, a very well established and reputable hotel, in order to ensure 100% client interaction.
.......

The Gold Evaluation Process
........ "

The price of the gold in August was around $950/ounce. ARC of course is not a charitable institution. When it pays huge to rent hotels and put advertisement to collect gold from area to area, how much do you think they expect to make in future gold market?

When media repeats on foreclosure and unemployment news, it squeezes people to sell gold and jewellry to speculators. The next financial balloon will be a gold bubble. At that time, the topic in media will be inflation. It will advise you to buy back gold. This is how the inside group controls this country and make money from each crisis.
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kathaksung
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PostPosted: Tue Dec 15, 2009 7:09 pm    Post subject: Reply with quote

612. War crisis in September (10/29/09)

From #593 to 607, I talked about how the Feds attempted to frame a drug case which was to be covered up by Iran war. The fire of Iran war designed to be lit by North Korea. In three months from April to July, N. Korea launched a ballistic missile heading to Alaska area on 4/5; did a nuclear test on 5/25; and planed to launch another ballistic missile to Hawaii area on 7/4. The 7/4 plan went soured. I think because I revealed that Iran war could have been justified by a shipment of nuclear weapon from a N. Korea's ship. That ship failed to go to its destination and finally returned to N. Korea. So failed that project.

A new attempt came in September. On 9/25, Western intelligence accused Iran of constructing a secret underground uranium enrichment facility in Qum and of hiding it from international inspectors for years. Following the revelation, media said that US would demand to access to other sites that have long been off limits and demand Iran to answer detailed questions about its suspected efforts to build nuclear weapons. A tough new sanction would be seeked if Iran resisted. It means the war may start any time when Iran doesn't obey the demand.

The response from Iran was swift. Next day, Iran said it would allow U.N. inspectors to examine the newly revealed secret nuclear site. One month later, on 10/26, inspectors of IAEA examined the covert nuclear facility in Qum. Iran is very humble and cooprative this time. Iran felt the threaten of war.

So said terrorists came out to help. It's not a coincidence.
The news of Secret nuclear site in Iran was released on 9/25 by western intelligence. Here are the other news:

* "Terror suspect charged in plot to make bombs. Denver man may have planned to strike there or N.Y." (By W.K.Rashbaum, New York Time, 9/25/09)
* "Bomb plot arrests in Illinois, Texas". (Chicago, AP, 9/25/09)
* On same day - 9/25 - "Osama Bin Laden demanded that European countries pull their troops out of Afghanistan in a new audiotape Friday, warning of "retaliation" against them for their alliance with the US in the war." (Caro, AP, 9/26/09)

As I always said, the war will be justified with nuclear horror, terror attack, either it is done by North Korea or Al Qaida. Though the media didn't propaganda it as a crisis, there was a war crisis in September. You can judge it how collaborated they were on Sept. 25 - Western intelligence, FBI, media and Bin Laden - when they release the news at same time.



613. Iran war and another economic tsunami (11/12/09)

I have said that the purpose of Iran war is to save US dollar. Because Iran had abandoned dollar in oil trading, US has to keep the oil price at about $80/barrel to maintain the value of dollar in internetional money market.(see "556. Petro-dollar, the cause of Iran war (7/4/0Cool").

There were four big attempts to start the Iran war in past three years. 1. On 8/30/2007, a B-52 "mistakenly" carried six nuclear missiles to fly over the US continent. 2. On 8/8/2008, when Olympic Game ceremony opened in China and Russia invaded Georgia. 3. During April to July/4/09, when N. Korea tested its ballistic missile and nuclear bomb. 4. 9/25/09, when a secret nuclear facility in Iran was revealed and US gave Iran an ultimatum.

If the war on Iran plot have gone through, then Iran would be forced to go back to dollar system in oil trading, the oil price would go normal - that is around $20 to $30/barrel. But in the short period around the war time, what will happen? The oil price will go high, the dollar will go to historical low, and the gold, will go up like a rocket. Will those who planed the war project miss such a good chance to make a fortune? We know in 911, there was unusual trading in stock market that bid the downwards of air company because someone knew a disaster would come. So was in 8/30/2007's plot. Do you still remember the oil price had been manipulated to $147/barrel before 8/8/2008 plot? This time they focus on gold and money market. I felt this when I saw the "Cash for gold" advertisement in August. I wrote "609. About gold price and inflation (9/16/09)", predicted that the gold would go $1,500/ounce or higher, Euro would go 1.6 dollar/euro or higher, and yen would go 80/dollar or higher this year. On 9/25, Iran war crisis suddenly broke out. US gave a three months ultimatum to Iran. (that would be 9/25 to 12/25) If Iran hadn't humbly made a swift response, three months is enough to push the gold price to $1,500 to $2,000/ounce. I did foresee another economic tsunami ploted by the Feds.

The ripple of September Iran war crisis:
1. Obama was awarded Nobel Peace Price on Oct.8/2009. It's true that Obama didn't do anything big enough to get that prize. My interpretation is that the European elites who, too, felt the coming war crisis. This action is an effort to stop the war before it happens. It also explains why there is a noise in US media. Because it really makes the war more difficult for a Nobel Peace prize winner. That makes the Feds unhappy.

2. On Oct.18, bombing in Iran killed five senior Revolutinary Guard officers. Iran accused Pakistan, the US and Britain were behind the attack. Such kind of case needs intelligence resource. It obviously is a provocation. Because on Oct.24, the inspectors of IAEA would come to Iran to examine the covert nuclear facility. If the Iran regime was enraged by the death of their top ranking commanders and changed their decision of accepting the inspection. Then the war became possible. Once again, Iran humbly swallowed the bitter fruit. Iran still opened the door for the UN inspection. Iran knows it faces a war.
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kathaksung
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PostPosted: Tue Dec 29, 2009 6:53 pm    Post subject: Reply with quote

615. Gold rush in the end of the year (12/5/2009)

In early September, in #609, I predicted that "Feds is preparing another financial tsunami in the rest days of this year. ..... The price of the gold will go $1,500 to $2,000/ounce. The exchange rate of the Japanese yen will go 80/dollar or higher. The Euro will go 1.6 dollar/Euro or higher."

The gold price was around $1,000/oz at that time. It reaches $1,200/oz these days. Euro now is $1.5/Euro and yen is about 87/dollar.

The speculators gathered the gold at the price around $900/oz. To set the profit margin at $1,500/oz is natural. It can be reached in the rest days of this year. How high the gold price can go after the price passing over $1,500/oz? It depends on the situation how successfully the speculators unload the hot potatoes (high price gold) into the hands of public. At that time, notice the big topic in the media - war, inflation, article to praise the value of gold and report of the short supply of it.... It's the time the speculators retreating from the gold market.

Also I have talked about "China and India co-operate with the Feds." to push up the gold price in that September message. Seven weeks later, on November 3, the IMF sold the Central Bank of India 200 metric tons of gold at $1043/oz. The news helped the gold went over the strategic point of $1,100/oz easily and stood steady there. My perspection is once more proved correct.

As a matter of fact, it was the Feds which is the hand behind the stock market collapse of 2000 (dot.com bubble) and the housing bubble of 2007. As early as six years ago, I wrote "180. Beware of housing bubble (11/16/03)". In which I said, "anytime soon there will be a broken housing bubble, and a staggering economy following it." Anyhow, the Feds failed to eliminate me. So the housing bubble keept growing up until it explodes in 2007. We all see the staggering economy now.
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PostPosted: Mon Jan 11, 2010 11:21 pm    Post subject: Reply with quote

616. Feds, a robber (12/16/09)

Rare people know that the operation fund for FBI and DEA comes from the wealth of "criminal case", from the property and the money they confiscated from "drug case" or other "criminal case", and looted from the victims in framed cases.

Quote, "Mr. Hoover prides upon the "profit" it shows annually. During fiscal 1960 the FBI received $113,600,000 in operating funds. Fines, savings, and recoveries of stolen property and contraband in cases investigated by the FBI amounted to $142,822,244, or $1.25 returned for every dollar invested by the taxpayer.'" (see #8. FBI's profit)

When the "profit" becomes the target of the law enforcement agency, you can imagine how aggressive they will be to frame case and to cultivate the criminal business (such like drug case) and to kill innocent people. Because a dead man can never accuse the robbery.

My personal experience of lost credit card (see #34. The lost Credit Card) proves when the Feds planed action date, they even created a case by credit card company to replace the Visa card by a Mastercard. (so they could withhold the mailed card) At that time, I still puzzled with the question that how could the Credit card company happened to replace the card at the Feds' action date? It was after 2001 when I read a news that retired former FBI Director Loius Freeh had taken a job as a vice president of a credit card company, I knew it all. They developed a society to loot money from people. Retired agents still go on with their "looting" job in different career - credit card company or other financial institution such like banks.

Here is a paragraph in that secret drug deal: "For use by the Beijing government, the Federal Reserve agreed to transfer to a neutral designated country, as a neutral depository or escrow agent, 40 Billion dollars in U.S. credits, assets, gold bullion, and currencies, both U.S. and foreign." (see "610. The road of persecution (9/23/09) That "credits, assets, gold bullion, and currencies" is a strange combination. It looks more like a private wealth robbed by the Feds in the framed case. (Of course, 40 billion is too huge for private parties, I later realize it is an equivelent amount with equal value benefited by hosting the Olympic Game and to be a member of WTO)

When "profit" becomes the operating fund of the Feds, you can expect how hard the law enforcement agents are working to frame case for their own benefit. Will there be any justice left for the Department of Justice? Terrorists and drug traffickers now become the source of power and money Feds wanted. That's why there is no end for "war on drugs" and "war on terror". Because the Feds live on these war. After decades developing, now the stock market and the housing market become the cash machine for the Feds.

617. Manipulate stock market in China (12/21/09)

In July 1994, trying to get rid of the persecution of the Feds, I went to China.

As I had no work to do, I thought I might find a fortune in stock market. The Shanghai security index was about three hundred something at that time. There was not much space for investors to lose at that level.

I studied the stocks and chose one - a manufacturer whose product was cement. That manufacturer was generous in dividends while most other Chinese companies didn't give a cent to their shareholders. It also had a bright future - the factory located in SiChuan province, not far away from Three Gorges where the biggest hadro-power station was going to be built. The demand of cement would be huge.

Several days later the security index went to five hundred, but my selected stock didn't catch the index. So I bought two others. When the index jumped on to 700 level, my selection still wouldn't go with the rising market, I started to suspect that I was targeted. The stock market in China in early 90s was a new born baby. It was very primitive. The price of all stocks went up and down with the stock index. My stock selection became exceptional in a rising market. I also knew I was under surveillance.(see "15. EM sleep wave in China (4)") When my acquaintance met me to discredit my stock selection, when my friend called me to tell me the "inside news" that stock market would collapse, I view it from an oppiste angle. One morning when I entered the hall of the security company, I found the electronic display board blackened. Staff said the business would shut down that day because the power supply problem. I thought in other way. I thought it was a subotage targeted at me. There might be a good day tomorrow.

I immediately opened an account in another security company and bought three different stocks there. Really, next day was a big day - index jumped to 900 level approaching to 1000. Although as usual, my selection didn't make money, I was happy. I successfully foresaw a soaring market - from a sabotage done by secret police.

I changed tactic. I bought stock in small trading - about 2,000 yuen each time(which equals to $250). With $5,000 capital, I could have 20 tradings. It covered the all category of the stock market, from industry to utility. In 1994, there were only 150 company in stock market.

The stock market went down to 500 level. I lost several hundred dollars but my feeling was good. It looked like that I controlled the stock market passively with $5,000. It was unbelievable! I told other people that I was targeted. Nobody believed it. I said the market would soar if I left. People just laughed. People couldn't feel what I had experienced. I had watched the price curve of a stock rising slowly for hours. Then stop at a point and turned downwards. That point was always the time When I finished a buying order on it. It happened many times. So accurate that I believe my account number was registered in a special formula. The Chinese security was trading in a computerized system.

In May, 1995 my application to extend the Visa was rejected. The police behind the counter advised me in a low voice,"Go home, go home." I bought an air ticket leaving on 5/18.

On 5/17, I sold the stock. It was an extrodinary slow day that day. The price of stock was frozen in the trading board. Next morning, I went to the security company to collect money.(The leaving flight was in the evening) The hall was like a boiling pot. I still remembered the red figure of 27% illustrated the increase of security index. It was a brilliant day for stock market. it also was a brilliant day for me. I had predict the soaring up of market. I didn't expect it came so swift. The speculators that manipulated the market had their capital locked up in stock too long time. (Many speculators in China were state running company. The speculating capital were from company's normal business fund) Once the secret police opened the green light for an upwards market, they couldn't help to free their fund from a locked box.

I really got good lessons though I lost money in Chinese stock market.

1. The stock market is controlled by the governnment.

2. The financial group has to obey to the secret police.

3. Chinese secret police collaborated with the Feds.

4. I was targeted by the Feds. They would sacrifice the interest of other group, however big it is, to suppress a targeted individual, however small he is.
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kathaksung
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PostPosted: Fri Jan 29, 2010 6:45 pm    Post subject: 618. South East Asia financial crisis (12/26/09) Reply with quote

618. South East Asia financial crisis (12/26/09)

In May 1995, I came back to US. The stock market was at an unreasonable level with high P/E value. I view it as a trap for me. Of course, I would not touch it.

In later 1997, media said the international speculators attacked Hong Kong dollar. The Hong Kong government managed to go over the crisis so the speculator turned on to South East Asia. Within months, the currency of Thailand, Indonesia, South Korea, all depreciated significantly. That was the famous South East Asia financial crisis. With the success in other countries, the speculator came back to Hong Kong in 1998. This time they aimed at stock market. They bought a large amount of future contract to bid there was a low HanShen index(Hong Kong’s security index) for the August. To achieve their victory, the speculator had to sell down the security market. Hong Kong government, on the contrary, came out to save the stock market. It activated its big foreign currency reserve to take over the stocks poured out by the speculator. Finally the Hong Kong stock market successfully stood above 8,000 index.

A hedge fund company named "Long Term Capital Management" (L.T.C.M.) lost huge in that fight. News reported the Federal Reserve had called an emergence meeting, forcing big financial firms such like Citi group, Goldman Sach... to lend money to save L.T.C.M.. A Hedge fund company could manipulate other big financial firms, it must be more powerful than the Federal Reserve. Obviously it was a cover company of the Feds.

What caught my eye was a news which said that in order to sell down the security market, the speculator borrowed a large amount of stocks from celebrities and rich families of Hong Kong. Now those borrowed chips were all taken over by the Hong Kong government whom said it would keep those blue chips in hand as reserve and wouldn't sell it any more. Since what government bought in this battle occupies 11% of the total blue chip, a large amount of stock were locked up in safe box.

Then how would the speculator to compensate the lenders? They had to buy the same stock from the market. According to the principle of supply and demand, the buying action will push up the stock price. Since Hong Kong stock market always follows New York stock market, I concluded there would be a prosperous bull market.

I had the experience that secret police would suppress the whole market (in China) to restrict me to make money from stock. They didn't care other group's interest, but what if it was their own interest? It worth a try.

I bought 100 shares of Boeing on 9/23, and bought 100 shares of Travelers on 9/25. I chose Boeing because it was one of the only two big commercial plane manufacturers in the world. Feds wouldn't shut down a big company just for my 100 shares? As for "Travelers", it was a new Dow Jones 30 share. I don't think financial group would introduce a junk stock in Dow Jones 30. They would make money on it when people were still strange to it. Several days later, "Travelers" merged with "city Bank". So I then had 100 shares of Citi.

The response of the Feds was severe. I suffered heavy E.M. wave attack that I couldn't stay at my home. At last I had to go San Francisco to live with my parents. On 1/15 I encountered with a bank robbery on my way to my parents' house. I think it was a trap Feds prepared for me - a "random shooting death" case. The case was disrupted by a bystander. (see 402,404,561,562 "San Francisco bank robbery")

In mid March 1999, my parents and my wife told me they would leave for trip within a week. My parents would go China. My wife would go Hong Kong with my daughter and her father. So I would be left alone in the house, either in San Francisco or in San Jose. I thought the Feds could wait any time longer to boost the stock market. They prepared another murder case for me. Before my relatives' leaving, I bought an air ticket and went to Hong Kong on 3/19.

As I expected, the Hong Kong stock market went bull followed the leadership of New York stock market after I arrived in Hong Kong. Seeing a boiling market, seeing other stocks were rushing towards their historical high, I bought another 100 Boeing shares at the price $41 on 4/15. Boeing's historical high was $60, there was $19 space for its price to grow. When Boeing stock turned its head to downwards, I realized I made a mistake. I remembered the experience in China: a rising price curve suddenly stopped and turn downwards. The turning point was always when my purchase order finished. On 4/21, I sold my stock. I made $3100 dollars at Citi Bank. I lost $230 on that newly bought "Boeing". I knew if I held on it, they could drive the price to $34. I made $650 on the Boeing I originally bought on 9/23/1998 later.

In Hong Kong, I had a hard time to make a trading. The phone in my rented room was harassed. To carry out a trading, one day I had to go out in mid-night, to buy a phone card in a Seven-Eleven store and called the securities company to fulfill a deal by public telephone.
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PostPosted: Sat Feb 13, 2010 8:34 pm    Post subject: Reply with quote

619. Nasdaq bubble (1/2/2010)

After Hong Kong, I went to South East Asia. In Bull market, there used to be one peak in chart. This time the bull market had multiple peaks in more than two years around 11,000 points of Dow Jones index. It almost became a plateau of peaks. I think the Feds maintain the stock market in high value at the hope that I'll return to buy back some stock. Of course, I wouldn't touch it any more.

On 7/26 2000, I came back to US. In August, in the statement of Securities company I found my wife had bought two high tech. stocks in May and June - two months before I came home. They were: 50 shares of New Focus @ $46/share and 200 shares of China Unicorn @ average $22/share. On 8/30, the price of New Focus was $136. The Nasdaq market was crazy at that time. I select Dow Jones fundamental stock because for most time, it would keep a certain value. I have different views on high tech. stock. They are highly speculated. It could become a piece of paper any time. So I urged my wife to sell her two high tech. stock immediately. She refused. Within days, the Nasdaq market went downwards. That was the start of the evaporation of the dot.com bubble. I think it was the result of my urge. Feds wouldn't let my account make money. (It was a joint account)

In the end of November, New focus was at $20 and China Unicorn was $14. They lost half of their original cost my wife paid. New focus later changed its name to Oclaro. 50 shares were shrunk to 6 @ $1 each. That piece of paper now is worth six dollars.

I think that's revenge from the Feds. To offset the profit I made in trading Boeing and City Bank. They lured my wife into the Nasdaq bubble. The money she lost almost equals to the profit I made.

Strange to say, the break off of the Nasdaq bubble doesn't affect the Dow Jones index. Dow still kept floating around 11,000 when Nasdaq lost almost two thirds of its value. I think that was because Feds still wished me to fall in their high value stock trap.

When I was in South East Asia, Feds still sent many informants disguised as tourists to travel with me. This needed a large operating fund. I think the money may come from the rising stock market. I thought many small groups worked on it. They follow the signal of buy and sell from a lady Whom media called "the Goddess of stock market". I noticed her because her hint for many times accorded with the plot Feds applied on me. In my opinion, the US stock market has been kept in an unreasonable high level since 1995 at the purpose to prevent me to profit from it. So the market had a tendency to adjust to normal (much lower from the current level) when there was a trap set for me.
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PostPosted: Sat Feb 27, 2010 7:32 pm    Post subject: Reply with quote

620. Nasdaq bubble (2) (1/8/10)

I wrote "619. Nasdaq bubble" on 1/2. Next day, there was a swift response from the Feds. San Jose Mercury News had a big article "Lost Decade" in its first page with a Nasdaq index chart - though there is still two months away to the ten years anniversary of the Nasdaq bubble peak. It clearly shows that the Nasdaq peaks at 5048 on March 10, 2000. It apparently points at my words in last post "Within days, the Nasdaq market went downwards. That was the start of the evaporation of the dot.com bubble." (The time I referred was September 2000.)

Yes, the Nasdaq bubble did break off on March 10, 2000. It did follow what I said, that the Feds manipulate the Nasdaq stock to collaborate with the persecution on me. The internet surveillance team thought they found a flaw in my article so they made a rapid response to discredit. That's because they might have not taken part in the persecution in March 2000.

On March 2, 2000, I went to US Embassy in Bangkok, Thailand to complain that FBI abused power to manipulate bank remittance. The staff there told me to file a written complaint to the legal Attaché. (Years later, I learned that legal -Attaché is the title of FBI representative in foreign embassies). I wrote a letter, here is part of it. (see " 37. Manipulate Bank operation")

Re: Letter to Mr. Ralph Horton
"March 7, 2000

Mr. Ralph Horton
Legal Attache
95 Wireless Rd.
Bangkok 10330

....."

Obviously, my complaint on March 7 caused a swift response from the Feds. A decision of elimination was made. That was why you saw the Nasdaq index reached its peak on March 10 and went downwards since, because in their new project the target would be eliminated soon. It was unnecessary to maintain Nasdaq at high level any more.

In following days, I encountered an attempt to frame me in a drug case. I was in panic and seek political asylum in Foreign Ministry of Thailand on March 22, 2000. (see "49. Frame attempting" and "50. Seeking asylum") I managed to evade from that trap later and finally go back to US in July. Since the plot of the Feds failed, between May and August, Feds pulled back the falling Nasdaq index to maintain it around 4,000 level, lured my wife bought two stocks at that time. When I found this and urged my wife to sell the stock, Nasdaq market started its evaporation and after nearly ten years, still lost almost half of its value of the year 2000.

Nasdaq bubble and dot.com bubble were twins. Feds created it to make money both in stock market and housing market.

Feds bought a lot of real estate property in my case. These property mainly are in San Francisco area (where my parents and sister live) and San Jose Area (where I live). These two areas has another name - Silicone Valley - where there is a lot of high tech. company. Nasdaq bubble enable the Feds make big money on new listed high tech. company. Dot. com bubble increased the property value in Bay area where the Feds held a lot of houses.
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PostPosted: Thu Mar 11, 2010 11:30 pm    Post subject: Reply with quote



1. From 12/30/1991 to 1/2/1995, in three years, the Dow Jones index curve is a flat one, bounding within 1,000 points. It basically follow the principle of investment with reasonable P/E value.

2. From Jan., 1995, Dow Jones index starts its climbing. In ten months, it was up more than 1,000 poins, and went upwards rapidly since. I would say start from that time stock market value is risky with a high P/E value. The purpose is to prevent my entering the stock market. (A lesson from Chinese stock market)

3. I bought the stock on 9/23/1998 and 9/25. It was at a periodical trough. I sold the stock on 4/21/1999, that was at the average peak value. I invested not on economical condition but on the opinion that the Feds would push the market up to save its own business.
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PostPosted: Fri May 14, 2010 6:37 pm    Post subject: Reply with quote

629. Attack the Euro (3/13/2010)

Since Iran abandons dollar for Euro in its oil trading, a weak Euro would significantly hit Iran's economy. I saw in each attempt to have a war on Iran, it used to be followed with a plot to hit the Euro. The typical samples were: In January 2007, Russia had a dispute with Belarus and shut off the oil pipe for several days. In August 2008, Russia invaded Georgia where there was gas pipe line to Europe. In both events, if the crisis broadened, The oil and gas to Europe would have been cut. The European's economy would have been hurt and Euro would have depreciated. So would be Iran.

See "462. The collapse of Euro and worldwide economic crisis (1/20/07)", and "565. Georgia war and Russia, their role in Iran war (8/19/0Cool"

The resource to sabotage the Euro by the failures of energy supply exhausted. The plan to have war on Iran doesn't go through yet. What's next? We see the international financial speculators again.

You may have noticed that started from later January, the financial crisis of Greece became a hot topic in media. In article "The Bond Vigilantes who left Greece in Ruins" (Business Week 2/22/2010), the writer says, "On Feb.10, striking labor unions shut down schools.....

As of Feb. 10, European officials seemed to be angling for a compromise plan to aid Greece but on such harsh terms that no one else would want such a deal. .....

In the month through Feb.10, the yield on the Greek government's three-month bills soared from less than 1% to 4%....."

The timing reminded me of the Feb. 13 Chinese New Year's dinner plot. The Greek's financial problem was created for that plot. If the 2/13 plot went through, then there would be "terror attacks" which would have justify the war on Iran. At the same time Iran would have suffered a blow in its finance too - a devalued Euro. All these didn't go true because the 2/13 plot went soured.

Who created that crisis? In a meeting with President Obama on Mar.9, Greek Prime Minister George Papandreou called for a clampdown on financial speculators he blamed for worsening his country's situation. Who are those international speculators? Goldman Sach was picked up particularly: "Goldman stars in this Greek tragedy - The firm's currency and bond deals for Greece have drawn fire" (Business Week 3/1/2010)

Russia had disputed over its neighbor countries(Belarus, Ukraine, Georgia) with attempt to shut down the oil and gas supply to Europe. Now it's the PIG'S four countries. (Greece, Ireland, Portuguese and Spain). They will appear in turn to pull down the Euro once there comes a renewed Iran war plot.
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PostPosted: Sat Jun 05, 2010 7:01 pm    Post subject: Reply with quote

633. Volcano eruption (4/23/2010)

In February, Counterterrorism expert Juval Aviv talked in a FOX broadcast:

"I predict, based primarily on information that is floating in Europe and the Middle East, that an event is imminent and around the corner here in the United States. It could happen as soon as tomorrow, or it could happen in the next few months. Ninety days at the most."

( http://www.foxnews.com/story/0,2933,161962,00.html)

Now more than two months has passed. There were many attempts to frame a drug case in these two months, and the plot to activate false flag terror attack as well. According to the character of the Feds that they used to make money on such big "terror attack", what did they do to take advantage on this "90 days plot"?

A volcano in Iceland which had been dormant for 200 years erupted on 4/14. The ash cloud from the volcano halted most air traffic in Europe for almost a week.

"Volcano costs airlines $2 billion

By Arthur Max

Associated Press 4/22/2010

.... An aviation group called the financial fallout worse than the three-day worldwide shutdown after the 2001 terrorist attacks in United States."

Do you still remember the unusual trading in stock market during 911 attack? Someone bought huge numbers of PUTS on airline stock and future option trades in the weeks before the attacks of September 11. They made big money on these speculations.

Same case repeated in September 2007 when a B-52 carried nuclear missiles flied over US Continent on 8/31/2007. I alleged that was an attempt of "nuclear terror attack". There were also unusual "Bin Laden" trading in US and Europe stock market with that event.

So would the same speculators miss this "90 days utmost" chance? As we have seen, they had a busy "60 days" in February and March, plot came one after another. When it failed to go through, what for their huge investment in future contract market? To avoid a huge loss in their speculation, a volcano eruption created to replace the "terror attack".

The 4/14 volcano eruption in Iceland is not a coincidence. It is in the last "30 days" of the "90 days utmost" - the harvest days for the Feds. The longer the air traffic halted, the larger loss the airlines suffered, the more profit the Feds will make.
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PostPosted: Sat Jul 17, 2010 7:19 pm    Post subject: Reply with quote

Goldman Sachs knew Gulf oil leak in advance.

Quote:
No joke: Goldman Sachs shorted Gulf of Mexico

It turns out that Goldman Sachs really did place shorts on TransOcean stock days before the explosions rocked the rig in the Gulf of Mexico sending stocks plunging while GS profits soared -- benefitting once again from a huge disaster, having done the same with airline stocks prior to 911 then again with the housing bubble.

by Sterling D. Allan
Pure Energy Systems News

On Apr. 30, the Huffington Post published a story stating:
In what is looming as another public relations predicament for Goldman Sachs, the banking giant admitted today that it made "a substantial financial bet against the Gulf of Mexico" one day before the sinking of an oil rig in that body of water.

The new revelations came to light after government investigators turned up new emails from Goldman employee Fabrice "Fabulous Fab" Tourre in which he bragged to a girlfriend that the firm was taking a "big short" position on the Gulf.

http://pesn.com/2010/05/05/9501645_No_joke--Goldman_Sachs_shorted_Tran sOcean/
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PostPosted: Mon Aug 09, 2010 6:01 pm    Post subject: Reply with quote

Halliburton knew it too.

Quote:
Disaster capitalists: Halliburton to make money off oil spill

By Daniel Tencer
Friday, June 18th, 2010 -- 3:10 pm

Does a company that both builds oil rigs and cleans up oil spills have any motivation to prevent oil rig disasters?
That's the question some people in business and politics are asking themselves after Halliburton's purchase of an oil clean-up company 10 days before the Deepwater Horizon explosion that killed 11 workers and launched the worst oil spill in US history.

Some observers see a conspiracy in the actions of the company once headed by Dick Cheney. Halliburton, which built the cement casing for the Deepwater Horizon's drill, announced its purchase of Houston-based oilfield services company Boots and Coots for $240 million on April 9, just 11 days before the Deepwater Horizon explosion.

http://rawstory.com/rs/2010/0618/halliburton-making-money-oil-spill/


Halliburton bought Boots & Coots one week before oil spill. (Apr. 20)

1.
Quote:
Halliburton Snaps Up Boots & Coots - DailyFinance
Apr 12, 2010

http://www.dailyfinance.com/story/investing/halliburton-snaps-up-boots -and-coots/19435689/
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PostPosted: Sat Aug 28, 2010 8:04 pm    Post subject: Reply with quote

The purpose is to push Great Britain to support US in coming war on Iran.

BP originates from “The National Iranian Oil Company” in 1953, and was ousted from Iran in 1979. When US wants to start a war in Iran, they need again the ally of the Great Britain like what they had when Bush started Iraq invasion. But the puddle Tony Blair is not at the seat. To extort Britain to join the coming Iran war, the Gulf oil spill was created to shake the foundation of the BP. To save BP from the financial trouble – joining the Iran war.

Quote,
Quote:
“Iran Accountable for BP Oil Spill
Posted on 03. Aug, 2010 by Raja Mujtaba in Enviornment
By Mehreen Saee

In order to pay for the damages it caused to U.S. businesses and to itself, BP will likely resort to its historic strategy of how it became an oil giant in the first place. And the U.S. will once again help the corporation as we did in 1953 when a covert CIA plot overthrew Iran’s democratically elected Prime Minister Mohammed Mossadegh and instated an authoritarian regime in order to acquire that country’s oil.
The coup proved to be a successful covert experiment for the U.S. when The National Iranian Oil Company was transformed into British Petroleum in 1954…..

In 1979, Iran’s Islamic Revolution ousted BP from the country and attained back its resources; but for the past few years U.S. officials have again been looking toward Iran, which still has the world’s third largest oil reserves.

http://www.opinion-maker.org/2010/08/iran-accountable-for-bp-oil-spill  /
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PostPosted: Mon Sep 27, 2010 4:36 am    Post subject: Reply with quote

It was sabotage

Somebody knew in advance. It was meant to happen. That’s why Goldman Sachs, Halliburton and BP’s Chief, all could make money on it.

Quote:
'And The Sea Shall Turn To Blood'...
By David Icke
The David Icke Newsletter
6-27-10

Mother Jones magazine reported:

'Tony Buzbee, a lawyer representing 15 rig workers and dozens of shrimpers, seafood restaurants, and dock workers, says he has obtained a three-page signed statement from a crew member on the boat that rescued the burning rig's workers.

The sailor, who Buzbee refuses to name for fear of costing him his job, was on the ship's bridge when Deepwater Horizon installation manager Jimmy Harrell, a top employee of rig owner Transocean, was speaking with someone in Houston via satellite phone.

Buzbee told Mother Jones that, according to this witness account, Harrell was screaming, "Are you * happy? Are you * happy? The rig's on fire! I told you this was gonna happen.'

Yes, and nothing was done because it was meant to happen.

http://www.rense.com/general91/blood.htm
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PostPosted: Thu Oct 14, 2010 7:18 pm    Post subject: Reply with quote

U.K. kneeling down (10/4/2010)
BP oil rig in Gulf was damaged in April 20, 2010. I alleged it was sabotage because big heads all knew in advance. Goldman Sachs, BP’s Chief all sold their BP stocks days before the case broken. Halliburton also bought an oil clean-up company just a week before the rig collapsing. Everything follows the steps of 911 sabotage when there was a “Bin Laden trading” of stock which made money on the coming 911 attack. The insiders are experts to take advantage on their plot.

BP was not able to stop the oil leaking in following month. The pressure increased on U.K.. Watch the time table:

6/12, “ UK PM to visit Washington next month |

Reuters
Sat, Jun 12 . Obama tells Britain: BP must pay economic claims

www.reuters.com/article/idUSTRE65B1YK20100612

U.K. finally bent to the pressure. High ranking ruling class signaled compromise. Queen Elizabeth visited Washington.

7/7, “Queen Elizabeth addresses U.N. for first time since 1957

By Colum Lynch
Washington Post Staff Writer
Wednesday, July 7, 2010

http://www.washingtonpost.com/wp-dyn/content/article/2010/07/06/AR2010 070603943.html

Deal was made. Extortion stopped.

7/15, “BP says oil has stopped leaking into Gulf of Mexico
The well has been sealed for the first time since April, using a cap which engineers are now monitoring to see if it holds

David Batty and agencies
guardian.co.uk, Thursday 15 July 2010 “

Secret deal was confirmed. U.K. will join the war on Iran.

7/21, “ U.K. - U.S. relationship thaws
By Helene Cooper
New York Times

Washington - It was not quite the Tony Blair-Bill Clinton love fest of 1997, but President Barack Obama and the newly minted British prime minister, David Cameron, appeared game to do everything they could Tuesday to take some of the recent chill out of the relationship between their countries. “

Cameron will follow its predecessor to help the U.S. to continue its “war on terror” in Mid-east. Interesting thing is the media even dare not to say Tony Blair- George Bush love fest but replaced it with Bill Clinton because that would otherwise reveal its attention - Cameron would join Obama in War on Iran, just like Blair joined Bush in War on Iraq.
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PostPosted: Sat Oct 30, 2010 9:29 pm    Post subject: Reply with quote

It is through these CEO, Feds ruled this country. That's why these CEO can always harvest fat bonus and pension, despite it's good year or bad one. Even the company is bankrupted, they left with a full pocket. When they were ousted from a company, they just get another CEO job in a different firm. Because they work for the interest of the ruling class, not for the interest of small share holders or company employers. And those CEO agents now are pushed to take the seats to run the government. The typical representatives we see: Bloomburg, Meg Whitman, Fiorina.....

Quote:
BP chief Tony Hayward sold shares weeks before oil spill

The chief executive of BP sold £1.4 million of his shares in the fuel giant weeks before the Gulf of Mexico oil spill caused its value to collapse.
By Jon Swaine and Robert Winnett
Published: 12:10AM BST 05 Jun 2010

Tony Hayward cashed in about a third of his holding in the company one month before a well on the Deepwater Horizon rig burst, causing an environmental disaster.
Mr Hayward, whose pay package is £4?million a year, then paid off the mortgage on his family’s mansion in Kent, which is estimated to be valued at more than £1.2?million.

There is no suggestion that he acted improperly or had prior knowledge that the company was to face the biggest setback in its history.

http://www.telegraph.co.uk/finance/newsbysector/energy/oilandgas/78049 22/BP-chief-Tony-Hayward-sold-shares-weeks-before-oil-spill.html
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PostPosted: Wed Nov 17, 2010 1:00 am    Post subject: Reply with quote

CEO work for the Feds.

57. FBI's interest

On Jan. 31, 2001,(the first wave of attack on my thread) one web site I failed to post was Foxnews.com. It's a big firm. So the level of moderator was high too, I suppose. Perhaps they were unwilling to shut down my thread without proper reason. They simply shut down the forum. A message said that "If you are looking for the Foxnews.com and Fox News Channel community message boards, they have been temporarily disabled while we build a new and easier to use format. We'll have them up and running again as soon as we can." This is obviously cover words. The format they had used was a good one which is using now by big firm such like WashingtonPost.com, ..... The promised 'new and easier to use format' never come true. From time to time I went there, found the page of 'temporarily shut down' was still the same, with threads posted on last day (dated Jan. 31) laying there, showed shut down took place abruptly.

Shut down a prosperous message board was by no means an insignificant event. It hurt Fox's fame and popularity. The decision must be from top ranking. It also helped me to strengthen a belief of how FBI control this country.

I learnt that Walter Disney was an informant of FBI. He died in 1960's. I think there were many VIP informant like him worked for FBI. In early 1990, I believe a helicopter accident was a result of a conspiracy of selection for CEO of Disneyland. I had a puzzle then. Whoever selected a CEO would be co-operate with FBI. Why did they select with violence? Unless they needed one whom was more than an informant, that was, a candidate of their own. Walt Disney was an informant, but once he was required to do something which was conflict to the interest of Disneyland, what would he do? He might choose to protect the interest of Disneyland.

HP and Compaq's emerge is a good example of the difference of a CEO and an owner (I can't find proper word for it. I mean someone who has real interest in business.) HP CEO Fiorina proposed to emerge with Compaq, HP heir Hewlett opposes the deal. Fiorina wants to make HP the biggest PC manufacturer. Hewlett think it's too risk to emerge with a rotten business. I think Hewlett is real care for HP's interest. That's because he has big financial interest in HP. (18% of HP's stock) And he has personal feeling on HP. It's a company set up by his father. Same thing like W. Disney to Disneyland. If the deal is a failure, CEO's loss will be much less than him. And she may become a CEO of another big firm.

Through Disneyland's story, I have a feeling that 40 years ago, FBI got VIP of big firm as their informant. 30 years later, they are not satisfy with this, they need a representative of their own interest.
(I have no intention to link HP and Compaq's emerge with FBI at all. It's different from the shut down of message board of Foxnews. I only use it as reference to show that CEO's decision could hurt the company they work for. )

83. Spy country (8/21)

When I started my thread in internet, a message told me, the content of " The newspaper titled: " Heroin bust called U.S. record".(See San Jose Mercury, 6-22-1991)." is a day off...

Quote, "You cited the wrong date! Although the rest of your newspaper and highway information (in Bay Area holds up). "
He gave me an URL to check:

http://nl13.newsbank.com/nlsite/region_pgs/ca_search.htm

I thus knew my article was under scrutiny. I live in San Jose. I read San Jose Mercury News. Most news reference were from it.

Some people doubted that when I said Walt Disney was an informant. (#29. "I'm you, American")

Question, quote, "What was Walt informing on? Mickey's communist ties? Goofy's drug problems? Minnie's prostitution busts? "

With above URL, choose S.J.M.N, with appropriate key words and time, you can find news I referred.

Quote,"But most disturbing,....is the allegation that Disney was an FBI informant, recruited by J. Edgar Hoover to snitch on employees and Hollywood colleagues in exchange for favors....."
See whole story in "THE AUTHOR WAS WALT DISNEY A WICKED WITCH? OR IS THIS MAN GOOFY?" San Jose Mercury News, 8/1/1993.

In Chinese newspaper "World Journal"(5/7/93, page 3A) talked about this too. W.Disney was FBI's informant from 1940 to 1966 when he passed away. It also talked about former President Ronno Reagan was a FBI informant, code 'T-10', when he was president of Actor and Actress Association(translation) in 1947.

Are these the only informants FBI have had? Of course not. FBI titled W. Disney "Full Special Agent in Charge Contact" in 1954. It's 50 years passed, a net of surveillance should have been developed already. And in addition to this informant net, we can see there is another army of FBI: retired FBI. They are still the eye and ear and hand of the Bureau. And they used to occupy important position. Such like Ornell, who became Chief in charge of security of WTC after retirement. Still they say they are outnumbered in war on terror. They want recruit one million more TIPS. A spy country that Gestapo and KGB have ever dreamed of. A monstrous power that almost equal to Defense Department. But it's not used to defend US citizens, it's used to spy on them.
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PostPosted: Mon Dec 06, 2010 1:07 am    Post subject: Reply with quote

291. CEO and company (2/14/05)

HP ousted its CEO - Carly Fiorina on 2/9. It proved my previous thought.

In early 1990s, I started to suspect it was the house I bought which caused persecution on me. One thing puzzled me was how could they even shut down a company to prevent me from buying the house. How could owner of the company bear the loss to benefit Feds?

Something occurred in 1993 solved this puzzle for me. In May that year, newspaper reported that former owner of Disneyland - Walter Disney was an informant of FBI. I thus knew that Feds ruled country through their informants, especially by the management of company.

About same time there was a campaign between two high ranking executives. They competed for the post of CEO of Disneyland. The struggle ended with one candidate died in a helicopter accident. So another puzzle came into my mind. Either candidate would have
been cooperative with Feds to be its informant, why Feds still choose the CEO by violence?

I finally had a conclusion. Feds now is not satisfied with informants. They need a CEO of their own. That someone represents for the interest of Feds rather than for the interest of company he works for. For example, Walther Disney might refuse to shut down Disneyland for the interest of FBI because that was his blood and sweat. But a CEO of Feds will do. (see "29. "I am you, American."")

In late 2001, HP CEO Fiorina announced acquisition of Compaq. Which was opposed by HP heir Hewllet. I thought it was a typical sample of how a CEO not work for the interest of the company she was employed. I wrote an article, pointed out Hewllet's opinion was for the interest of HP. Fiorina's was not. The recent development proved my theory about CEO. (see "57. FBI's interest" I wrote in 2002.)

Three years later Fiorina is ousted from HP. Her decision to merge with Compaq played key role in her bad performance. I am an outsider of high tech. business. But even I knew it was a bad deal. How Fiorina in a position with much more information couldn't see the danger and took over a hot potato? What she did might have saved the Compaq from bankruptcy. She might have saved profit of some firms which held a large quantity of Compaq stock. She probably saved the stock market from another shocking downturn. Stock market was gasping in 2001 from the outbreak of dot.com bubble. It couldn't bear another news of bankruptcy of a big firm. What she did, was at the cost of HP's interest.

As what I have said if CEO made a damage, he has little to lose. Fiorina left with a fat pocket. She got 21.4 million of severance pay and a compensation of 8.15 million for 2004. It looks like she did something good and left with a reward. She might get another high ranking job.

292. From Disneyland, HP, to US. (2/19/05)

Disneyland had invested in Michael Moor's documentary film Farhenheit 911. But it refused to distribute the film after it was done. The decision of high ranking was political motivated. As Farhenheit 911 is a business successful film. It got the top prize in Cannes film Festival.

If you view US as a company and president as a CEO, you can find it is operated by inside group in same way they did to a business company.

What has Bush achieved in his first term? Patriot Act was passed and mid-east war activated. The suffering of Americans is apparent. Civil rights are seriously eroded. Lives and money are losing in war. US reputation in the world goes down. Bush hurt the interest of American people to benefit a little group and Israel. Former Prime Minister of Malaysia said that Israel rules world through its proxy, it let others fight and die for them. (The original word Marhatir used was Jews, I don't think it is proper here so replaced it with Israel) Bush is a proxy not work for the interest of US. He let Americans fight and die for the interest of Israel. He was rewarded for a second term.

What will Bush do in another four years? Likely more wars in mid-east to secure Israel. (Syria and Iran) And another important mission for him is to steal from the retirement savings from America people - their social security fund.

Bush's plan to privatize s.s. fund mainly will benefit financial group. And another purpose is to support the stock market from collapsing.

Because Feds held a large quantity of real estate properties, they keep interest rate at unreasonable low level since 2001 to maintain a prosperous housing market. The low interest rate produced two big bubbles in housing market and stock market. these two markets are also the cash boxes for Feds where they withdraw money for their spending.

When the economic situation won't allow interest rate staying in low level any more and turn up to go upward, the two bubbles are going to break up. It's hard to keep the house price to be higher when interest rate rises. So the only choice for them is to save the stock market which is controlled by big financial group.

What Bush going to do is to drive small fish into a slaughter market to lure the big fish from leaving. To keep a cash box of Feds to be active while the other one (housing market) will go low in recent future. As I have said, a CEO in US doesn't work for the interest of company he was employed. Bush works for the interest of inside group which selected him to be a president of US.
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PostPosted: Sun Dec 26, 2010 9:39 pm    Post subject: Reply with quote

Why pentagon involved in BP oil leaking pollution? Because the case was created for Iran war. High ranking official of Pentagon of course have to deal with the aftermath of their plot.

Quote:
, "Armed services are urged to stock kitchens with Gulf seafood
Published: Tuesday, December 07, 2010, 7:00 AM

Navy Secretary Ray Mabus, who doubles as President Barack Obama's point man on Gulf Coast oil spill recovery, is pressing America's armed services to consume as much Gulf seafood as possible.

http://www.nola.com/news/gulf-oil-spill/index.ssf/2010/12/armed_servic es_are_urged_to_st.html
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PostPosted: Thu Aug 18, 2011 12:58 pm    Post subject: Reply with quote

http://www.reuters.com/article/2011/08/17/us-venezuela-gold-idUSTRE77G 53L20110817

Chavez to nationalize Venezuelan gold industry
[img]http://www.reuters.com/resources/r/?m=02&d=20110817&t=2&i=4811602 85&w=460&fh=&fw=&ll=&pl=&r=2011-08-17T183823Z_01_BTRE77G1FS200_RTROPTP _0_VENEZUELA-CHAVEZ[/img]
Quote:
Gold rises for third day, inflation data underpins
Wed, Aug 17 2011
Special report: Pension scandal shakes up Venezuelan oil giant
Wed, Aug 17 2011
Gold recoils from record on stock bounce, margin hike
Thu, Aug 11 2011
Gold sets record $1,800 on French bank fears
Wed, Aug 10 2011
Gold up but off high after volatile post-Fed trade
Tue, Aug 9 2011
Analysis & Opinion
Venezuela’s embarrassment of riches — oil
US medicine could be bitter for dollar
Related Topics
World »
Venezuela »

By Louise Egan
CARACAS | Wed Aug 17, 2011 2:38pm EDT
(Reuters) - Venezuelan President Hugo Chavez said on Wednesday he will nationalize the gold industry, including extraction and processing, and use its output to boost the country's international reserves.

The move follows a dispute between his government and foreign miners who say the rules limiting the amount of gold that can be exported from the South American nation hurt their efforts to secure financing and create jobs.

Toronto-listed Rusoro, owned by Russia's Agapov family, is the only large gold miner operating in Venezuela. It produced 100,000 ounces last year.

The gold industry will be just the latest part of the economy to be put under state control by the socialist leader, who said he would issue the necessary decree in the coming days and called on the military to help control the sector.

"I have here the laws allowing the state to exploit gold and all related activities ... we are going to nationalize the gold and we are going to convert it, among other things, into international reserves because gold continues to increase in value," Chavez said in a phone call to state television.

The announcement came a day after an opposition legislator revealed a report showing the government's top finance officials were recommending the repatriation of 90 percent of Venezuela's gold reserves held abroad.

The government has not commented on the report, which the opposition legislator said Chavez had yet to approve.

"We've managed to increase the international reserves. We have close to 12 or 13 billion dollars in gold reserves. We can't allow it to continue to be taken away," the president said, referring to reserves held in banks overseas.

According to the report revealed by the opposition legislator, Venezuela has total international reserves of $29.1 billion. About 63 percent of that is in gold worth $11 billion held overseas and $7 billion at home, according to the report.

Venezuela has some of Latin America's largest gold deposits, buried below the jungles south of the Orinoco river. According to official figures, formal mining in the country produces 4.3 tons a year.

Chavez agreed last year to let gold miners export up to 50 percent of production, from 30 percent previously. The other 50 percent must be sold to the central bank.

But that did not satisfy foreign companies like Rusoro, which said the limits made it much harder for them to secure financing abroad, develop projects and create local jobs.

One victim of the dispute has been a huge but long-troubled project called Las Cristinas. It has been in limbo since the government canceled a development license with another Canadian miner, Crystallex, in February.

Rusoro had expressed interest in Las Cristinas, which has not been developed since the 1980s but has reserves estimated at 17 million ounces. Locals once found a 1-kilo (2.2-lb) nugget there.

But the company's chief executive told Reuters in an interview in June that it could not take on the project unless the government scrapped its export rules.

Sources at Rusoro said the company planned to make a statement on Wednesday's developments in the coming days.

(Additional reporting by Daniel Wallis and Diego Ore; Editing by Marguerita Choy)

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