Tasman Metals Ltd.

Published : November 30th, 2010

NORRA KARR PROJECT CONFIRMED AS A LARGE TONNAGE NI 43-101 COMPLIANT HEAVY RARE EARTH ELEMENT RESOURC

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Keywords :   Central Bank | Imf | Investment Demand |

 

An I.M.F. Announcement on the Completion of Gold Sales due Soon

 

 

By : Julian D. W. Phillips

Gold/Silver Forecaster – Global Watch

GoldForecaster.com

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At the end of October the I.M.F. had 32.7 tonnes of gold left to be sold.   In September they sold 32 tonnes of gold and in October 19.5 tonnes, in the open market.   Should they continue selling at the pace of September then we would expect to hear the announcement in December and probably in the first half of December.   If they continued the slower pace of selling of October then we will have to wait until January 2011 for the announcement.   We believe that this is significant because it will signal the real end of “Official” selling of gold.   The signatories of the Central Bank Gold Agreement, with the exception of small deals in coins have not sold for over a year now.   With the completion of the I.M.F. sales the annual 400 tonnes of ‘official’ selling will not be available to the market.   

 

We believe they have stopped selling as we look back on their activity in the last year.   We accept that they still have a ‘ceiling’ of 400 tonnes sales a year, but this is now simply a gesture.      Central banks are solid buyers, primarily taking up their own local supplies first.   We have to consider that more and more gold producing countries may well buy their own local production further reducing the supply of gold to the London and other markets.

 

We should also now accept that the main driving force behind the gold price rise is from central banks, with other investment demand following.   

 

Investment demand changes

 

At this point we should again be careful to note that more and more investment demand not only from Asia but in amongst the Western institutions, is not with a profit in mind.   Their investments are becoming more and more because of the instabilities and uncertainties that surround the developed currency world.   It is becoming more and more difficult to value assets internationally with currencies swinging backwards and forwards as they are now.   Gold is a better place to hold wealth in these stormy days.   

 

All from the head of the World Bank down are also aware of the useful role that gold can play in acting as a ‘value reference point’.   Should this happen gold will have returned to the world of money in real terms, albeit  in a slightly different role to the one it had in the past.   We termed this in earlier issues of the Gold Forecaster as gold no longer being a ‘means of exchange’, but as a ‘measure of value’.

 

What happens to demand with a 400 tonne drop in supply?

 

A 400 tonne drop in supply in a balanced market will pressure the demand side to find more gold.   

·         With mine supply pretty inelastic there will be only a small additional flow from that source.

·         With jewelry demand in the developed world back to former levels, only much higher prices will deter them.

·         With industrial demand [particularly electronics] now a necessity, demand is unlikely to be deterred by higher prices.

·         With demand in India after an excellent monsoon and good harvests and GDP growth at 8.9% Indians are keen to buy at these prices and will not be deterred except by sharply higher prices.

·         With the Chinese middle classes expanding rapidly as that country continues to develop, demand from there will continue to grow and most likely irrespective of the rising gold price.

·         Central Bank demand is unlikely to abate no matter what the price, because their interest is solely in acquiring tonnages of gold.   We note that as part of their ongoing program of gold buying Russia also bought 18.66 tonnes in October [against the I.M.F. sale of 19.5 tonnes].   Not only are they buying local production but are present in the open market.

 

Consequently, the only additional source of supply will have to be scrap supply or supply from current holders.   So we ask, “At what price will current holders sell?

 

Scrap supplies the only source left, but at what price?

 

Subscribers only – Subscribe through www.GoldForecaster.com

 

Julian D. W. Phillips

 

Gold/Silver Forecaster – Global Watch

GoldForecaster.com

 

Is your wealth effectively structured to avoid the pernicious effects of the regulatory climate that we have moved into? It should be and we can help you to do so professionally and within the law. Please contact us for any help regarding this at: gold-authenticmoney@iafrica.com.

 

Subscribers will be briefed again on this subject in our weekly newsletter. For our regular weekly newsletter, please visit www.GoldForecaster.com

 

 

 

Please subscribe to www.GoldForecaster.com for the entire report.

 

 

 

 

Tasman Metals Ltd.

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CODE : TSM.V
ISIN : CA87652B1031
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Tasman Metals is a exploration company based in Canada.

Tasman Metals holds various exploration projects in Sweden.

Its main exploration properties are NORRA KÄRR and BASTNAS in Sweden.

Tasman Metals is listed in Canada. Its market capitalisation is CA$ 16.9 millions as of today (US$ 13.1 millions, € 11.6 millions).

Its stock quote reached its highest recent level on April 15, 2011 at CA$ 5.98, and its lowest recent point on February 26, 2016 at CA$ 0.09.

Tasman Metals has 66 141 922 shares outstanding.

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10/18/2012Announces Extension of Warrant Term
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11/30/2010(Norra Kärr)NORRA KARR PROJECT CONFIRMED AS A LARGE TONNAGE NI 43-101 CO...
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8/19/2016Tasman Shareholders Approve Arrangement with Flinders
7/6/2016Tasman Announces Date of Annual and Special Meeting of Share...
6/21/2016Tasman and Flinders Sign Definitive Arrangement Agreement
4/5/2016Tasman Announces Resignation of Director Gil Leathley
3/31/2016Tasman Provides Update on Norra Karr Mining Lease
1/15/2016Tasman Announces Voluntary Delisting from the NYSE MKT
1/14/2016Tasman Files Financial Results for the Three Months Ended No...
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11/30/2015Tasman Files Annual Report on Form 20-F
7/10/2015Files Amended and Restated Pre-Feasibility Study on the Norr...
3/11/2015The REE Basket Price Deception and the Clarity of OPEX
1/21/2015Tasman announces results of Pre-Feasibility Study for the No...
1/21/2015announces results of Pre-Feasibility Study for the Norra Kar...
1/13/2015Tasman Files Financial Results for the Three Months Ended No...
1/6/2015Tasman joins the Critical Materials Institute
12/17/2014Tasman Expands Critical Metal Portfolio With Acquisition Of ...
12/17/2014expands critical metal portfolio with acquisition of two chr...
12/9/2014Tasman Completes Drill Program For Bulk Metallurgical Sample...
12/9/2014completes drill program for bulk metallurgical sample at Nor...
11/26/2014Tasman Files Annual Report on Form 20-F
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7/9/2014Tasman Precipitates Heavy Rare Earth Element Concentrate and...
6/13/2014Tasman Announces Results of AGM
5/20/2014Tasman and Flinders Mutually Agree to End Merger Negotiation...
4/14/2014Tasman Files Financial Results for the Six Months Ended Febr...
4/8/2014Tasman Commences Pre-Feasibility Study for Norra Karr Heavy ...
3/31/2014Tasman Announces Second Tranche Private Placement Closing
10/10/2013Expands Critical Metal Portfolio with Acquisition of Tungste...
8/28/2013Files Preliminary Base Shelf Prospectus and F-3 Registration...
8/14/2013Achieves High Recovery in First Metallurgical Tests From Ols...
7/25/2013Receives Bulk Surface Sample Permit for the Norra Karr Heavy...
7/23/2013Submits Mining Lease Application over Olserum Heavy Rare Ear...
7/17/2013Receives European Commission Funding for Processing Research...
7/11/2013files amended and restated technical reports on its Norra Ka...
7/11/2013files amended and restated technical reports on its Norra Ka...
4/16/2013releases NI 43-101 resource report for Olserum heavy rare ea...
4/12/2013Grants Stock Options
3/25/2013engages ANSTO Minerals to expand metallurgical testing of No...
3/15/2013announces results of AGM
2/19/2013drills thick intervals of heavy REE mineralization at Olseru...
10/3/2012completes summer drilling program at Norra Karr heavy rare e...
7/6/2011NORRA KARR HEAVY RARE EARTH ELEMENT PROJECT DECLARED PROJECT...
6/17/2011COMPLETES SPRING DRILLING AND BEGINS UPDATED RESOURCE CALCUL...
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4/12/2011BEGINS DRILLING OTANMAKI RARE EARTH ELEMENT PROJECT, FINLAND
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3/29/2011FILES FORM 40-F WITH U.S. SECURITIES AND EXCHANGE COMMISSION
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