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Day One: Tuesday,10 October 2006
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| 08.30 | Registration
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| 08.45 | Chairperson’s opening remarks
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| | Thomas J Mcmahon, Asia Director,
New York Mercantile Exchange
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| GLOBAL TRENDS AND DRIVERS OF GOLD PRICES |
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| 09.00 | Presenting the big picture: How geopolitics, demographics,
social policies and the global economy impact upon your
investment in the gold market
- Current global economic, geopolitical and demographic outlook and their implications for the gold bull market
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Bernanke, the US economy and interest rates hikes
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Middle East terrorism and Avian Flu: Evaluating their impact on the investment market
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Analysis of the critical factors in the downfall of gold in 1982
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Watching for similarities
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Investment opportunities in the current economic and geopolitical landscape |
| | Doug Casey, Author of "Crisis Investing" and Chairman,
Casey Research
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| 09.30 | Assessing the global demand for gold and analysing the
investment market implications
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The upward trend for Asia’s insatiable appetite for gold and
precious metals: Myth or reality?
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Weighing the demand from the Middle East, Asia’s emerging
Economies, Japan and the Western world
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Buying patterns from the emerging Middle Class and Nouveau
Rich throughout Asia
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A comparative review of the industrial and speculative demand
for gold |
| | Frank Veneroso, Founder,
Veneroso Associates
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| 10.00 | A producer’s perspective: Insights on the international mine supply and its implications for investors
- Worldwide gold production last year had the largest decline in 39 years: Will the decline in output continue?
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Challenges to the mining industry and an update on the current mine supply
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Crystal-balling the mine supply in 2007
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Implications on gold prices and analysing the investmentopportunities for investors |
| | Philip Kotze, Executive, Investor Relations,
Harmony Gold Mining Co
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| 10.30 | Trends in trading in gold futures and its implications on gold prices
- Gold futures trading in the middle-east, far-east and western markets: The current volume in each market
- Why are people choosing to trade in gold futures contracts? Are they tools for risk mitigation in times of uncertainty?
- The implications of gold futures on its prices
- An estimate of the trading volume beyond 2007
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| | Arshad Khan, Director,
Dubai Gold Commodities Exchange (DGCX)
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| 10.50 | Morning Refreshments
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| THE RELIABILITY OF THE GOLDEN BULL |
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| 11.10 | Understanding the pattern of gold price shifts and when will gold price estimates reach the USD1000/oz?
- Reassessing gold’s monetary role in today’s market of massive deficit spending, inflating currencies and high oil prices
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Long-term average ratios between the gold price, oil price and Dow Jones Industrial Average
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Is gold the saving grace during rising inflationary/ deflationary pressures and the general declining confidence in paper currency?
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The diversification of forex reserves from USD to gold in central banks
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Reviewing the correlation between gold and silver prices – Is it best to invest in silver?
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| | James Turk, Founder & Chairman,
Goldmoney.com
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| 11.30 | Gold as an alternative currency: Evaluating its monetary
value in today's global economy
- The gold standard - A blessing or a curse? The evolving view of the Federal Reserve.
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Central bank gold reserves: The West is selling while China,
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Russia and India may be buying
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Measuring gold against major currencies - Has gold broke out or are fiat currencies breaking down?
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Monetary outlook: Will there be a return to the gold standard?
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| | Axel Merk, president of fund manager,
Merk Investments
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| 11.50 | Technical and fundamental analysis of gold prices: Learning how to interpret the charts
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| | Ian Gordon, Economic Forecaster and author of ‘The Long Wave Analyst’ and Vice President,
Bolder Investment Partners, USA
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| 12.10 | Update on Eldorado Gold Operations and Exploration Projects
- Updates on the Tanjianshan Mine in China and its scheduled production in October 2006
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First gold pour for Kisladag Mine in western Turkey in May 2006: Major step to becoming an intermediate gold producer
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Impact of current gold prices on Eldorado Gold's earnings and cash flow
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Costs on Eldorado Gold's operations, development and exploration projects |
| | Paul N.Wright, President and CEO,
Eldorado Gold
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| 12.40 | Gold bugs versus bears panel discussion: What will be the
future price of gold?
- Are prices manipulated? A debate on the conspiracy theory regarding the suppression of gold prices by central banks
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Global crisis or a stronger than expected US economy: Readingthe signs and the impact of China and India
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US protectionism, its impact on the US dollar and gold prices
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Is gold in a classic bubble-top? Will prices fall below $400 thisyear?
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Debating whether supply will finally exceed demand: Implications of falling gold fabrication demand to due to current high prices plus the rising supply from mines and scrap refining
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| | Moderator:
Joseph Massey, Deputy Managing Director,
Multi Commodity Exchange of India Ltd Frank Veneroso, Founder,
Veneroso Associates James Turk, Founder & Chairman,
Goldmoney.com Jeffrey M. Christian, Author of "Commodities Rising" and Managing Director,
CPM Group, USA Jonathan Barratt, Head of Foreign Exchange and Metals,
Commodity Broking Services, Australia Graham Dickson, President and CEO,
YGC Resources Ltd.
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| 13.20 | Networking luncheon
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| GOLD INVESTMENT ALTERNATIVES |
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| 14.20 | A private banker’s perspective: Diversifying into gold to
acquire profitable returns for high net worth clients
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| | Cyrille Urfer, head of fund research and multi-management,
Lombard Odier Darier Hentsch,
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| 14.40 | Speed networking, followed by afternoon refreshments
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| EXPLORING GOLD INVESTMENT ALTERNATIVES |
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| 15.20 | Hedge fund strategies for gold: Trading gold as an alpha
strategy
- Issues and performance of hedge fund strategies in gold
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Short term opportunities as numbers grow
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Optimal allocation of gold in an institutional investor’s portfolio
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Risk assessment and performance measurements to achieve alpha |
| | Trevor Steel, Managing Partner and Investment Manager,,
Baker Steel Capital
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| 15.40 | Analysis of the gold products and their performance: Gold
Unit Trusts; Bullion; ETFs; Precious Metals Hedge Funds;
Mutual funds; Gold in Indexes and precious metal linked notes
- Developments in gold products, indexes, ETFs and equities
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Analysis of investors’ preferences: Who is buying and how are they doing it?
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A comparative review of the returns and risks in each respective products
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Debating which of the products are most suitable for the market environment today Evaluating the returns from gold alternative products vs. equity investments in 2007
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What is the optimal portfolio make-up of gold alternative products investments and equities to ensure maximum returns and minimal risks? |
| | Moderator:
Robert Ray, Senior VP,
Chicago Board of Trade Juerg Kiener, Managing Director & Chief Investment Officer,
Swiss Asia Capital Joe Foster, Gold Strategist,
Van Eck Global, USA David Crichton- Watt, Managing Director,
AIMS Asset Management Clive Donner, Managing Director,
LinQ Resources, Australia
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| 16.20 | Gold Equity Investments Panel:
Assessing the risk and returns in equity investments
- Analysis of the projects and their past and future ROI
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Success factors including management, growth of business and market capital
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Risk evaluation on profiles such as country, political and other risks
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Company strategies for tackling cost inflation and growth |
| | Moderator:
Lawrence Roulston, Editor,
Resource Opportunities Jeff Malaihollo, Managing Director,
Central China Goldfields, China
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| 17.25 | Chairman’s closing remarks
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| 17.30 | Welcome remarks by Chicago Board of Trade
Cocktail hosted by:
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Day Two: Wednesday, 11 October 2006
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| 08.30 | Registration
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| 08.45 | Chair person’s opening remarks
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| | Arshad Khan, Director,
Dubai Gold Commodities Exchange (DGCX)
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| THE CASE FOR GOLD, SILVER AND OTHER PRECIOUS METALS |
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| 09.00 | The reality behind the hype of the rising prices for gold and precious metals and how to profit in this market
- Addressing the myth of the commodities supercycle: Lessons from the past
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Analysing the catalyst for a US stock market correction: Will gold, silver and precious metals show resilience during such a correction and which asset will decline the most?
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What are the REAL gold and precious metals prices?
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Investment strategies in gold, silver and other precious metals to profit in today’s global economy
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| | Jeffrey M. Christian, Author of "Commodities Rising" and Managing Director,
CPM Group, USA
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| 09.30 | Should pension funds invest in gold and precious metals to
receive absolute returns: Insights on the risks, returns and assessment criteria
- The increasing focus on corporate governance, accounting transparency, and environmentally sensitive investing
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Diversification beyond stocks and bonds to improve returns versus unrealistic estimates which could severely underfund pension plans: Addressing the volatility of gold prices
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Understanding the financial consequences of risk
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Critical factors to assess whether pension funds should invest to improve returns |
| | Ian Henderson, Managing director & Portfolio Manager, Global Portfolios Group,
JP Morgan Asset Management
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| 10.00 | India's bullion market: The road ahead
- Buying and selling trends for the world's biggest importer of gold and consumer of gold jewellery: Evaluating how these trends shape market forces in world gold prices
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Evolution from a price-responsive import market to an export market
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Inferences from the past: Demand elasticity during the upward movement of gold and precious metals prices
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Development on India’s growth as a world bullion trading superpower and its implications on gold prices |
| | Joseph Massey, Deputy Managing Director,
Multi Commodity Exchange of India Ltd
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| 10.20 | Morning refreshments
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| 11.00 | Silver panel:
Controversies, price hikes and future trends for silver with the emergence of the silver ETFs
- Latest developments and controversies facing silver
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Possibility of "long" manipulation and other risk exposures in investing in ETFs: How does this impact the investment universe for silver ETFs?
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Implications on movement of silver prices when pension funds, mining companies and fund managers invest in Silver
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ETFs: Is there enough silver to go around? |
| | Moderator:
Thomas J Mcmahon, Asia Director,
New York Mercantile Exchange Doug Casey, Author of "Crisis Investing" and Chairman,
Casey Research Bruce Ikemizu, Head of Trading and Marketing, Preious Metals Department Commodity Trading & Risk Management Division,
Mitsui & Co, Japan Cathy Fong, Vice President of Corporate Development,
Silvercorp Metals Inc Ken Cai, President, Chief Executive Officer & Director,
Minco Silver
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| 11.40 | Investment opportunities in silver
- The Silver Market Supply/Demand Fundamentals
- Endeavour's Guanacevi Mines Project - History & Geology
- Past production, current status and future production targets
- Reserve/resource data, current exploration/development program, future reserve/resource targets
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| | Geoff Handley, Director,
Endeavour Silver Corp, Canada
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| 12.00 | Evaluating the risk and return premiums of platinum
- Current and future market conditions
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Are the prices overstated? A look at the industrial demand versus mine supply updates
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The platinum bull run into 2007 and beyond: What are the factors that support the bull run?
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Investing in equities vs. platinum alternatives |
| | John Lewins, Managing Director,
Platinum Australia Limited
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| 12.20 | Minco Silver: A world class silver deposit
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| | Ken Cai, President, Chief Executive Officer & Director,
Minco Silver
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| 12.35 | Networking luncheon
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| INVESTMENT PRIMER IN GOLD AND PRECIOUS METALS MINING
STOCKS
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| 13.40 | Panel discussion: Assessment criteria for achieving targeted returns when investing in blue chips and juniors
- Perspectives from institutional investors, private equity companies and portfolio managers on their analysis of the risk profile of mining companies
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Other critical factors in the selection of mining companies for investment portfolios: Sustainability, management, growth of business and entrepreneur skills
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Tools used to guarantee the adequate amount of disclosure
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Comparative case study on the potential returns from mining majors versus juniors and are juniors suitable investments for institutional investors? |
| | Moderator:
Ian Gordon, Economic Forecaster and author of ‘The Long Wave Analyst’ and Vice President,
Bolder Investment Partners, USA Warwick Grigor, Executive Chairman and Managing Director,
Far East Capital, Joe Foster, Gold Strategist,
Van Eck Global, USA Bhagyesh Dash, Managing Director,
Crosby Capital Partners
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| 14.20 | Case study on a blue chip gold miner: What it takes to be
successful!
- Updates on the exploration and development activities worldwide
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Insights into its current reserves and resources
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Analysis on the prevalent risks and its risk mitigation strategies
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Strategies for expansion and investment potential |
| | Mark Bristow, CEO,
Randgold Resources
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| 14.40 | Building our future
- Sharing the vision
- Merging with Climax Mining: The path to becoming a 500,000+ gold equivalent ounces p.a production
- Growth opportunities and roadmap
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| | Steve Orr, CEO,
Oceana Gold Limited
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| 15.00 | Case study on a “Best-in Breed” junior: Ensuring your payoffs outweigh the high risks
- An overview of the management, market capitalisation, reserves and previous performance
- Previous performance
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Insights on its expansion plans and potential yields
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An update of its current mining cycle
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Estimated ROI for investors |
| | Jake Klein, President & CEO,
Sino Gold
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| 15.20 | Silvercorp Metals Inc. – An emerging silver producer in China
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| | Rui Feng, President and CEO,
Silvercorp Metals Inc
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| 15.35 | Networking afternoon refreshments
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| 16.00 | Precious metals finale panel:
A comparative review of gold, silver, palladium or platinum as an alternative investment
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| | Moderator:
Lawrence Roulston, Editor,
Resource Opportunities Si Kannan, Commodities Analyst,
Sharekhan Commodities Tom Kendall, General Manager - Market Research,
Johnson Matthey Asia, UK
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| A SPECIAL FEATURE ON THE URANIUM BULL |
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| 16.40 | Investing in uranium stocks: The nuclear option and the
uranium bull
- The stampede for uranium: Japan, China, Pakistan, India and
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Russia’s nuclear ambition
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Uranium's shortage has driven prices up 275%: Charting the constant and current prices of uranium
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Will its demand continue to exceed the supply?
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The uranium bull run into 2007 and beyond |
| | Tim Sugden, Managing Director,
Nova Energy Limited
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| 17.00 | Chairman’s closing remarks and end of conference
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Post conference masterclass: 12 October 2006
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| 09.00 | CHOOSE FROM 3 HALF -DAY SESSIONS LED BY INDUSTRY EXPERTS ON:
Post-conference masterclass
Masterclass A
Asset allocation of gold for HNW Investors (9.00am – 1.00pm)
Masterclass B
Led by:
Cyrille E. Urfer,
Executive Vice President & Head of Fund Research and Multi-Management
Lombard Odier Darier Hentsch & Cie, Switzerland
Masterclass Agenda
1. The gold strikes back – From the gold standard era to a 700+ $/oz
spot price.
This part gives a brief history screening of the various periods related to
gold during the last century.
2. Precious metals’ impact on minds: People’s relation with gold around
the world.
The topic looks at how one can behave emotionally and culturally towards
precious metals.
3. Gold as an asset class into an asset allocation framework.
This section aims to give a deep and careful consideration on gold for
asset allocation purposes.
4. What sets gold apart of the other commodities?
A look at the key determinants of gold price behavior.
5. Physical gold versus mining – A long term commitment.
Here, the emphasis is put on the way to evade risks while gaining strong
returns.
6. The antagonism versus commodities and equities, are they
irreconcilable?
Finally, the discussion revolves on the gold’s diversification purpose: Can
it still be an efficient hedge against markets’ swings?
Masterclass C
Masterclass C
Precious metals strategies and investment products for wealth management (2.00pm – 6pm)
Led by:
Martin Jackson, Director
UBS Investment Bank, Singapore
Masterclass Agenda
1. The case for inclusion of Precious Metals in portfolios, and its
applicability to individual investors
2. What instruments are available to private investors keen to participate
in the Precious Metals markets? A discussion of OTC vs Exchange
Traded products, ETFs, Equities, Structured Products
3. Short term strategies - Portfolio Optimisation and Yield Enhancement
Products. A close look at Double Currency Investments (DCIs), with
real-time pricing examples.
4. Longer term strategies - Growth Products. A close look at Guaranteed
Return On Investment (GROI) products, designed to express directional
views on price and volatility. A brief discussion of the impact of
volatility smail and the term structure of the metals forward curve
on pricing.
5. Exotic stuctured products. A look at baskets, triple currency
(correlation) products, and custom built Precious Metals linked notes.
6. Q & A |
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