Ibiza Update

Well.. finally some updates from them
no trading proofs or results yet though

Dear Investors,

I came to realize today that is has been a while since our last communication. Many e mails and other messages were received this week and unfortunately remained unanswered. I apologize for this as I had to set priorities. We have been very busy with trading so far this month. As many of you know I am not so happy with the recent behavior of the markets. Since June we seem to be in some consolidating phase in the foreign exchange markets and trends are not picking up really. Although I had expected such to happen since September. Now we had the interim elections and even the Democrat victory didn’t give much clue to the markets as where to go. Reason for us to look for alternatives. We turned our intention the only true currency or the mother of all (fiat) currencies: Gold

As many of you know Gold has been very bullish until May this year where it reached a level of about $ 740/oz. Since than gold went into a corrective phase which only recently ended. Gold touched a low of $ 560 in October and from there it slowly moved back up to the pivotal $ 605/610 area which meant a break out of its corrective downward trend. At Ibiza traders we started to buy below $ 600 already as we anticipated this break out. Last night gold traded at a high of $ 637 already! At the moment I write this it trades around $ 630. We intend to expand our activities in this respect by lack of alternative in the regular currency markets. We expect gold this year to touch a high of $680/700 already against the overly inflated US$ and for next year we foresee new highs around $ 800/900!

It seems many investment corps, central banks and high net worth individuals are converting their dollar (and other currency) holdings into the yellow metal. Par example did you know that the Dow Jones All Industrials index only makes new highs against us$ and that it is declining already in terms of gold, i.e. the DJIA is declining against the non inflationary Gold?
Did you know that the USA are technically bankrupt? Did you know that China's net foreign currency reserves are over $ 1 trillion and are soon to be diversified into other currencies and gold? The economical situation looks very ugly in the USA. This wont change overnight and hence we see demand for gold only increasing, Those are just a few of the factors which justify our decision to make this investment. And so far it looks good. Only this month, so far, we reached a yield of 12%. You know that I never speak about interim results or like to publish such results. But the fact is that we at Ibiza traders are just very excited about this and thought that we would share that with you for a change. All communications sent to us will be replied on a short notice and ask your understanding for this delay.

Thank you very much for your attention.

Peter Ris