Samstag, 28. November 2015

Brasilien, Samarco-Minen-Desaster: Erste Klage über 5 Mrd. USD für Vale und BHP Billiton

Neue Hiobsbotschaften brachen fast durchgehend auf die Rohstoffriesen Vale und BHP Billiton in den letzten Wochen nieder. Crashende Rohstoffpreise und ein schweres Minenunglück in Brasilien sorgten für eine scharfe Talfahrt der Aktienkurse.

Die zwei Branchenschwergewichte durchwandern aktuell eine der schwierigsten Zeiten der kompletten Firmen-Historie und sicher die anspruchsvollste Phase während der letzten 15 Jahre.

Jetzt wurde die erste, erwartete Mega-Klage in Brasilien bekanntgegeben..

Credit to

Brazil sues BHP, Vale for 'initial' $5 billion over spill

Frik Els | November 27, 2015

Screenshot from PigMine 7, via YouTube

Brazil's federal government and two states are suing Samarco, an iron ore miner jointly owned by BHP Billiton and Vale, for $5.3 billion over a catastrophic tailings dam burst that devastated the country's second largest river system, the Rio Doce.

The government attorney general announced the 20 billion real civil damages lawsuit late on Friday, but warned that "the figure is preliminary and could be raised over the judicial process, since the environmental damages of the mud’s arrival at the ocean have not yet been calculated."

The November 5 disaster that killed at least 15 people caused 60 million cubic metres of mine waste from the site in Brazil’s Minas Gerais state to wash downstream into neighbouring state Espírito Santo through remote mountain valleys reaching the Atlantic ocean 600 kilometres awayearlier this week.

Toxic materials, including arsenic, and high levels of lead, aluminum, chromium, nickel and cadmium, were found in the waters of the Rio Doce by a United Nations team and confirmed by Vale on Friday.

Vale and BHP also on Friday announced the establishment of a fund of undisclosed size to help restore the environment. Brazil's environmental watchdog earlier levied a 250 million real ($65 million) fine on Samarco.

More images from Agência Brasil Fotografias


BHP Billiton, Vale: Two dozen missing in vast mudflow of Brazil mine disaster

Die jüngsten Kommentare zur Minen-Katastrophe in Brasilien..


Precious Metals Summit 2015 in Zürich: Video-Interviews mit ausgewählten Gold- und Silber-Firmen (Part II)

Die SRC hat auf dem jüngsten Precious Metals Summit in Zürich einige sehr informative Video-Interviews aufgenommen. Schauen Sie sich folgend im Part II (Part I, Part III) weitere, interessante Videos an und erhalten Sie exklusive Einblicke direkt von den Firmen-Insidern:

Commodity-TV: Oban Mining - Well Financed Developer & Merger in Canada

Commodity-TV: Interview with Gold Standard Ventures

Commodity-TV: Avnel Gold Mining - Low Cost Gold in Mali 

Commodity-TV: Comstock Mining - Production Increase Planned

Commodity-TV: Midas Gold - Enough Money For Permitting Of Huge Gold Deposit

Commodity-TV: Canarc Resource Upscale Potential in Early 2016


Im edlen Zürich fand letzte Woche das Precious Metals Summit 2015 statt, welcher der europäische Ableger der renommierten Goldminen-Konferenz im US-Bundesstaat Colorado ist..

Freitag, 27. November 2015

Ausverkauf an Thanksgiving: Gold bricht durch massive Future-Verkäufe auf neues 6-Jahrestief ein

Das passt heute beim Goldpreis mal wieder bestens zusammen. Wasser auf den Mühlen der Systemkritiker, denn offensichtlicher kann eine Manipulation erneut nicht mehr ausfallen.

Man achte auf die Kontraktgröße und das das Timing des Mega-Verkaufs am Future-Markt.

Wie erwartet will man den (Papier-)Goldpreis noch tiefer sehen. Time will tell..

Gold Plunges Below "Crucial Level", Lowest Since Oct 2009 On $2 Billion Notional Flush

Tyler Durden's picture

With the world closest to World War 3 since the cold war era and Russia about to unleash escalating sanctions of Turkey, it makes perfect sense that 'investors' would want to purge themselves of precious metals. "Someone" decided that Friday after Thanksgiving would be the perfect time to dump over 18,000 contracts (around $1.9 billion notional) sending the price of gold futures to their lowest since Oct 2009, below what Goldman called a "crucial level."
Over 18000 contracts dumped...

Sending gold futures prices to Oct 2009 lows...

As Goldman notes, in Gold, the critical level is 1,068-1,066. In Silver, support spans 13.98-13.83.

Gold Daily/Weekly – The level to watch in Gold is 1,068-1,066. This includes an ABC equality target off the January high and the trend across the lows since Dec. ’13.
The fact that oscillators are diverging positively suggests that price may be attempting to stabilize. Failure to break this support area confirms that the setup is still corrective; that a 5-wave sequence from ’11 highs ended in July. Alternatively, a break lower would warn that the market hasn’t yet completed its impulsive decline.
This would open potential to extend towards 966 (a 1.618 extension target from the January high).

Silver Daily/Monthly – The level to watch here is 13.98-13.83. This includes the previous low from Aug. 26th and the trend across the lows since Jun. ’03.
Although the wave count on Silver is a lot less evident than the one for Gold, it is apparent that rallies have all met ABC targets insinuating that rallies lack impulse. On a more positive note, daily oscillators are crossing higher from the bottom of its range.
Put another way, the balance of signals seems mixed; 13.98-13.83 does however look significant..

OPEC-Staaten: Öl-Produktion übertrifft weiterhin die markante Marke von 30 Mio. Barrel pro Tag

Saudi Arabien und der Irak sind dafür hauptverantwortlich:


Am 4. Dezember findet das nächste OPEC-Meeting in Wien statt. Es bleibt äußerst spannend..

Precious Metals Summit 2015 in Zürich: Video-Interviews mit ausgewählten Gold- und Silber-Firmen (Part I)

Die SRC hat auf dem letzten Precious Metals Summit in Zürich einige sehr informative Video-Interviews aufgenommen. Schauen Sie sich im Part I ein paar Videos an und erhalten Sie klasse Einblicke direkt von den Firmen-Verantwortlichen (Part II, Part III):

AuRico Metals: Interview With CEO Chris Richter

Commodity-TV: Interview With George Moen from Inca One

Commodity-TV: Interview With CEO Bradford Cooke of Endeavour Silver

Commodity-TV: Interview With CEO & Director Jeff Pontius of Corvus Gold

Commodity-TV: Miranda Gold With President & CEO Kenneth Cunningham


Precious Metals Summit 2015 in Zürich: Qualität vor Quantität, Überlebenskampf in einem historischen Bärenmarkt für Goldunternehmen

Im edlen Zürich fand letzte Woche das Precious Metals Summit 2015 statt, welcher der europäische Ableger der renommierten Goldminen-Konferenz im US-Bundesstaat Colorado ist..


Gold-Newsletter Update: The Midas Touch Gold Model by Florian Grummes - 25th of November 2015

Florian Grummes mit seinem jüngsten, lesenswerten Update siehe unten.

Empfehlung: Hier können Sie sich für den informativen Gold-Newsletter registrieren.

25th of November 2015


After a nasty and brutal sell-off starting mid of October Gold has been consolidating between $1,064 and $1,095 over the last two weeks. Although we are very close to the potential bottom zone around $980 - $1,035 Gold could still continue to consolidate or even start a recovery. The extreme pessimism and the constructive CoT-Data do support a bounce but it looks like nobody wants to catch a falling knife here.
So the long expected final move could indeed happen any time and within just a couple of days. Price-wise I don't see much more downside risk (max 8.5%) but time-wise we could still be in for another round of recovery before the bears finally manage to push prices down towards $1,000.

Baltic Dry Index: Deflation  remains the name of the game
While commodity prices are still in a massive downtrend, the US-Dollar continues to push higher. At the same time the yield curve is flattening and negative real interest rates are more and more obvious. Yet the Baltic Dry Index (as a representative for global trade) is sitting at 12 year lows while the weak oil price is killing the fracking business. The astronomic world wide debt levels will never be paid back and central banks will continue to flood the markets with liquidity just to keep this craziness going. This will only lead to even more distortion and will diminish accurate price signals. Deflation remains the name of the game and what we are witnessing is very likely the final stage of a decades long fiat money experiment. I believe we have to stay away from any risk in these markets and prefer to be in cash even though it might mean to loose purchasing power. My favorite asset classes remain Gold and Bitcoin.
Gold because it represents a 5000-year old track record and freedom from 3rd party risk. Bitcoin because it is traded in a free market and represents the technology of the 21st century. Besides that real estate with a positive cashflow and agriculture are two more asset classes I do like. Stocks in general are probably overvalued and many of them are already in a bear market.

Great video about the biggest obstacle to your making money in trading and investing.
Florian Grummes
In this time of manipulation and fear, government regulation and mainstream conditioning, I will continue to do my own independent research. To support my free work I´d be very grateful if you could support me with a donation. Any amount is welcome and I will honor your trust in my work.

To your success,

Gold Point & Figure
Gold needs a daily close above $1,100 to reverse the downtrend on the point & figure chart.

GDX diverges from Gold
The GDX continues to hold up better than GLD.
At the final bottom you want to see the miners ETF positively diverging from the physical Gold ETF.

1 ฿ = $322.83

1 ฿ = 302.52€

1 ฿ = 0,3 Gold oz.

Miners Portfolio:
1.GDX @ $13.62

Miners Watchlist:

Agriculture Watchlist:

The Midas Touch Gold Model 11/25/2015

Midas Touch Gold Model Summary

Compared to last week we have the following changes:
New buy signals on the Gold USD-Daily ChartGold Volatility CBOE Index, Gold CoT-Report, Gold Sentiment, Gold in Indian Rupee, GDX Goldmines-Daily Chart and US Real Interest Rate.
New sell signals are coming from SPDR Gold Trust which continues to loose its holdings and from the US-Dollar-Daily ChartGold Seasonality remains supportive until second week of December.

Overall the model is in Neutral/SidewaysMode since 5 trading days.

Gold Daily 11/25/2015

Gold Daily Chart

Gold continues to behave pretty weak. Although $1,064 so far has stopped the sell-off there is no indication of a major low or even an intermediate bottom. The only bounce towards $1,095 was quick, very short-lived and failed already below $1,105. Only a daily close above $1,105 will open up the chance for a recovery towards $1,130 and maybe higher.
As long as the slow stochastic remains bearishly embedded the downtrend will continue. Once $1,064 is taken out Gold should quickly drop towards my ultimate target zone between $980 - $1,035. Here I do expect at least a huge recovery but more likely the end of the bear market.
Overall we are getting very close to a huge opportunity in the gold market on the long side!! Remain patient but alert and do your homework to be ready once we are hitting $1,025.


Swing-traders hopefully followed my recommendation to sell Gold short between $1,175 - $ 1,180 and should now move their stops to $1,095. You might be able to ride this winning trade down to $1,025 where you should cover everything.
As well I recommend to place a multiple scale in "Gold long" order between $1,035 and $980. E.g. 1/4 @ $1,035, 1/4 @ $1,020, 1/4 @ $1,005 and 1/4 @ $985.

Investors should now be very alert as we are approaching another great buying opportunity below $1,050. If Gold goes below this number buy with both hands until you have 10% of your networth in physical Gold and Silver.

Long-term personal believes (my bias)

Gold is in a bear market and headed towards $1,035 - $980. Once this bear is over a new bull-market should start and push Gold towards $1,500 within 2-3 years.

Long-term price target DowJones/Gold-Ratio remains around 1:1.
Long-term price target Gold/Silver-Ratio remains around 10:1 (for every ounce of gold there are 9 ounces of silver mined, historically the ratio was at 15:1 during the roman empire).
Long-term price target for Gold remains at US$5,000 to US$8,900 per ounce within the next 5-10 years (depending on how much money will be printed..).
Fundamentally, as soon as the current bear market is over Gold should start the final 3rd phase of this long-term secular bull market. 1st stage saw the miners closing their hedge books, the 2nd stage continuously presented us news about institutions and central banks buying or repatriating gold. The coming 3rd and finally parabolic stage will end in the distribution to small inexperienced new traders & investors who will be subject to blind greed and frenzied panic.


Disclaimer & Limitation of Liability
The above represents the opinion and analysis of Mr Florian Grummes, based on data available to him, at the time of writing. Mr. Grummes's opinions are his own and are not a recommendation or an offer to buy or sell securities. Mr. Grummes is an independent analyst who receives no compensation of any kind from any groups, individuals or corporations mentioned in the Midas Touch. As trading and investing in any financial markets may involve serious risk of loss, Mr. Grummes recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction and do your own due diligence and research when making any kind of a transaction with financial ramifications. Although a qualified and experienced stock market analyst, Florian Grummes is not a Registered Securities Advisor. Therefore Mr. Grummes's opinions on the market and stocks can only be construed as a solicitation to buy and sell securities when they are subject to the prior approval and endorsement of a Registered Securities Advisor operating in accordance with the appropriate regulations in your area of jurisdiction. The passing on and reproduction of this report is only legal with a written permission of the author. This report is free of charge. You can sign up here:

Hinweis gemäß § 34 WpHG (Deutschland):
Mitarbeiter und Redakteure des Midas Touch Gold Newsletter halten folgende in dieser Ausgabe besprochenen Wertpapiere: physisches Gold und Silber, sowie Gold-Terminkontrakte.
Imprint & Legal Disclosure
Anbieterkennzeichnung gemäß § 6 Teledienstgesetz (TDG)/Impressum bzw. Informationen gem § 5 ECG, §14UGB, §24Mediengesetz
Herausgeber und verantwortlich im Sinne des Presserechts / inhaltlich Verantwortlicher gemäß §6 MDStV
Florian Grummes
Hohenzollernstrasse 36
80801 München

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