Commentary - 09/22/2006

Who "Controls" The [XAU] PHLX Gold And Silver Sector Index?

This page is to help determine who really controls the 15 companies listed in the PHLX Gold And Silver Sector Index, or XAU. It was a lot of work, but it turned out very interesting. I can't help but think that nothing has really changed since 1889, when the Great Red Dragon book was published, except that a greater amount of power has been concentrated into fewer hands since then.

"Control" of the XAU - (Total Percentages Divided By 15)
Barclays UK and "Associates"13.2607%
Fidelity Management & Research Corp.3.3427%
Capital Research And Management Company1.4773%
Van Eck Associates Corporation1.1740%
All other firms average less than 1%
(See tables below)

The point is, control of American companies is rapidly being consolidated into a few foreign hands, and they are also doing so at "frantic" pace. Damn any of the promises that had been made, such as retirement benefits, health care and pensions. And why is this being done? To "own the earth in fee simple."

You can do the same lookup on any public corporation and see for yourself who controls what. You will also see that some of the major holders are hardly nothing more than a "front" for another, more powerful group. Simply find out who the major holders of the major holders are and you will see for yourself. This is simply to make it easier to deceive the public.

While doing this, remember that it only takes 10%, sometime less, sometimes more, of the stock to "control" a widely-held corporation. Especially when management and insiders show little or zero ownership. They, as hirelings, simply take their marching orders and their large paychecks, and everybody else be damned. If they show any conscience about what happens to their employees or customer base, they are simply replaced by another "aggressive leader." Be sure to click on the company's stock letters to check on these "Key Executives," the sums they were paid last year, and the stock options they cashed.

Another problem we're facing now is the growth of private-equity groups, which don't have to make the same disclosures as the publicly-held groups. This is why they keep gaining up on the SEC to "prevent" disclosure and accountability. This story appeared September 1, 2006:
Buyout Firms Join Lobbying Efforts.

I have no illusions that they are simply another type of "Snakes In Suits." One last thing: If you found this information valuable, please help support this site. With that being said, here goes:

Components of PHLX GOLD BUGS INDEX (of 30-Jun-2006)


PHLX Gold And Silver Sector Index (as of 30-JUN-2006)  
Symbol Name Of Corporation
ABX

Major
Holders
1. Barrick Gold Corp.
Capital Research And Management Company13.32%
NWQ Investment Management Company, LLC.7.97%
Barclays Global Investors UK Holdings Ltd3.86%
Lord Abbett & Co.3.05%
Capital Guardian Trust Company2.65%
Harris Financial Corp.2.10%
Merrill Lynch Investment Managers Group Ltd.1.87%
Mackenzie Financial Corporation1.23%
RBC Asset Management Inc.1.15%
Franklin Resources, Inc.1.14%
Total percentage of Barclays and "associates"14.84%
AEM

Major
Holders
2. Agnico-Eagle Mines Ltd.
Barclays Global Investors UK Holdings Ltd5.33%
FMR Corporation (Fidelity Management & Research Corp)4.58%
Royce & Associates, Inc.3.39%
Van Eck Associates Corporation2.41%
Merrill Lynch Investment Managers Group Ltd.2.20%
Allianz Global Investors of America L.P.1.99%
Harris Financial Corp.1.57%
Goodman & Company Investment Counsel1.42%
Mackenzie Financial Corporation1.40%
Waddell & Reed Financial Inc.1.34%
Total percentage of Barclays and "associates"12.26%
AU

Major
Holders
3. AngloGold Ashanti Ltd.
% of Shares Held by All Insider and 5% Owners:42.00%
NWQ Investment Management Company, LLC.5.57%
Oppenheimer Funds, Inc.1.53%
Franklin Resources, Inc1.38%
Merrill Lynch Investment Managers Group Ltd.1.37%
Arnhold & S. Bleichroder Advisers Inc.1.01%
Northern Cross Investments Limited0.89%
Capital International, Inc.0.74%
Shaw D.E. & Co., Inc.0.65%
Prudential PLC0.57%
Goldman Sachs Group Inc0.40%
Total percentage of Barclays and "associates"8.72%
CDE

Major
Holders
4. Coeur d'Alene Mines Corp.
Ameriprise Financial, Inc.3.87%
Barclays Global Investors UK Holdings Ltd3.77%
Jennison Associates LLC2.45%
Vanguard Group, Inc.2.09%
Andreeff Equity Advisors, L.L.C.1.72%
State Street Corporation1.36%
Morgan Stanley1.29%
Peconic Partners LLC1.21%
Altrinsic Global Advisors, LLC1.06%
Credit Suisse0.96%
Total percentage of Barclays and "associates"6.42%
FCX

Major
Holders
5. Freeport-McMoRan Copper & Gold Inc.
% of Shares Held by All Insider and 5% Owners:5.00%
Capital Research And Management Company8.84%
Barclays Global Investors UK Holdings Ltd5.07%
Mellon Financial Corporation4.96%
Vanguard Group, Inc.4.06%
State Street Corporation3.69%
Merrill Lynch Investment Managers Group Ltd.3.62%
Putnam Investment Management, LLC3.53%
Wellington Management Company, LLP2.87%
Merrill Lynch Investment Managers LP.2.48%
FMR Corporation (Fidelity Management & Research Corp)2.13%
Total percentage of Barclays and "associates"23.35%
GFI

Major
Holders
6. Gold Fields Ltd.
% of Shares Held by All Insider and 5% Owners:25.00%
Merrill Lynch Investment Managers Group Ltd.2.43%
Emerging Markets Management LLC1.36%
Morgan Stanley1.20%
FMR Corporation (Fidelity Management & Research Corp)1.20%
Arnhold & S. Bleichroder Advisers Inc.1.18%
Mackenzie Financial Corporation1.05%
Van Eck Associates Corporation0.66%
Deutsche Bank Aktiengesellschaft0.59%
Royal Capital Management, LLC0.50%
Gabelli Funds, LLC0.44%
Total percentage of Barclays and "associates"3.63%
GG

Major
Holders
7. Goldcorp Inc.
FMR Corporation (Fidelity Management & Research Corp)6.36%
Barclays Global Investors UK Holdings Ltd4.58%
Merrill Lynch Investment Managers Group Ltd.2.68%
RBC Asset Management Inc.2.51%
Toronto Dominion Bank2.21%
TD Asset Management, Inc1.70%
Harris Financial Corp.1.38%
Natcan Investment Management Inc.1.16%
RS Investment Management, L.P.0.96%
Deutsche Bank Aktiengesellschaft0.92%
Total percentage of Barclays and "associates"7.26%
GLG

Major
Holders
8. Glamis Gold Ltd.
FMR Corporation (Fidelity Management & Research Corp)11.03%
Barclays Global Investors UK Holdings Ltd4.47%
Royce & Associates, Inc.4.25%
Merrill Lynch Investment Managers Group Ltd.3.46%
Wells Fargo & Company2.36%
RBC Asset Management Inc.1.85%
Neuberger Berman, LLC1.54%
Jennison Associates LLC1.50%
Van Eck Associates Corporation1.44%
Harris Financial Corp.1.27%
Total percentage of Barclays and "associates"16.08%
GOLD

Major
Holders
9. Randgold Resources Ltd.
Merrill Lynch Investment Managers Group Ltd.11.12%
Wells Fargo & Company7.96%
Van Eck Associates Corporation6.55%
Mackenzie Financial Corporation6.14%
U.S. Global Investors, Inc.3.36%
Franklin Resources, Inc.3.12%
Gabelli Funds, LLC2.58%
JP Morgan Chase & Co.2.39%
Wachovia Corp.2.39%
Arnhold & S. Bleichroder Advisers Inc.2.29%
Total percentage of Barclays and "associates"26.98%
HMY

Major
Holders
10. Harmony Gold Mining Co. Ltd.
Merrill Lynch Investment Managers Group Ltd.2.73%
Arnhold & S. Bleichroder Advisers Inc.1.92%
Orbis Holdings Ltd1.79%
Capital International, Inc.1.62%
Oppenheimer Funds, Inc.0.95%
Deutsche Bank Aktiengesellschaft0.83%
GAM USA, Inc.0.63%
Van Eck Associates Corporation0.60%
Asa (Bermuda) Limited0.55%
Jennison Associates LLC0.55%
Total percentage of Barclays and "associates"2.73%
KGC

Major
Holders
11. Kinross Gold Corp.
% of Shares Held by All Insider and 5% Owners:15.00%
Amvescap Plc7.27%
Barclays Global Investors UK Holdings Ltd6.50%
Mackenzie Financial Corporation4.16%
FMR Corporation (Fidelity Management & Research Corp)3.31%
Merrill Lynch Investment Managers Group Ltd.2.76%
Goodman & Company Investment Counsel2.17%
Van Eck Associates Corporation1.83%
Arnhold & S. Bleichroder Advisers Inc.1.56%
Harris Financial Corp1.52%
AGF Funds Inc1.35%
Total percentage of Barclays and "associates"9.26%
MDG

Major
Holders
12. Meridian Gold Inc.
% of Shares Held by All Insider and 5% Owners:15.00%
FMR Corporation (Fidelity Management & Research Corp)12.94%
Royce & Associates, Inc.7.45%
Prudential PLC6.55%
Barclays Global Investors UK Holdings Ltd6.32%
T. Rowe Price Associates6.11%
Merrill Lynch Investment Managers Group Ltd.2.62%
AGF Funds Inc1.78%
Franklin Resources, Inc1.74%
Van Eck Associates Corporation1.53%
Goldman Sachs Group Inc1.51%
Total percentage of Barclays and "associates"25.75%
NEM

Major
Holders
13. Newmont Mining Corp.
FMR Corporation (Fidelity Management & Research Corp)7.13%
Capital Research And Management Company6.78%
Lord Abbett & Co.4.53%
Barclays Global Investors UK Holdings Ltd3.33%
State Street Corporation2.93%
Vanguard Group, Inc.2.72%
Wellington Management Company, LLP2.67%
Morgan Stanley1.99%
T. Rowe Price Associates1.98%
Deutsche Bank Aktiengesellschaft1.86%
Total percentage of Barclays and "associates"10.23%
PAAS

Major
Holders
14. Pan American Silver Corp.
% of Shares Held by All Insider and 5% Owners:7.00%
Royce & Associates, Inc.9.61%
Wells Fargo & Company2.54%
Waddell & Reed Financial Inc.2.01%
FMR Corporation (Fidelity Management & Research Corp)1.46%
Jennison Associates LLC1.33%
Andreeff Equity Advisors, L.L.C.0.99%
Oppenheimer Funds, Inc.0.83%
Barclays Global Investors UK Holdings Ltd0.79%
Rainier Investment Management0.74%
Van Eck Associates Corporation0.70%
Total percentage of Barclays and "associates"14.95%
RGLD

Major
Holders
15. Royal Gold Inc.
% of Shares Held by All Insider and 5% Owners:15.00%
Neuberger Berman, LLC13.18%
Barclays Global Investors UK Holdings Ltd3.58%
Arnhold & S. Bleichroder Advisers Inc.3.41%
Blackrock Inc.3.22%
United Services Automobile Association3.03%
Oppenheimer Funds, Inc.2.52%
Thompson, Siegel & Walmsley, Inc.2.29%
Dimensional Fund Advisors Inc.2.21%
Vanguard Group, Inc.2.19%
Van Eck Associates Corporation1.89%
Total percentage of Barclays and "associates"19.98%

2006 by Edward Ulysses Cate

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