The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Bit of a rant but true , at my stage not a problem personally -----------but the corruption in the gold market is so obvious its quite frightening all markets are manipulated for a reason and the Comex will end up in a bed of Sh--t Its the only way it can end, Rant over from market . My holding long term sold at !.55 purchaased a few at !.30 got out at !.14 Sad story but move on i know don,t dwell or fall in love with the past, well recovered personally but getting harder x to all on the board
re --- many thanks to board as i came in in around the 30 to 40 mark, thanks to some great posters. some of these great posters did warn us around !.50 to move on and have not posted since. Some on this board have fell in love with the falling knife as I did-------------- now moved on to other stock and are sleeping better
Despair !! shipments are looking on the worrying side--------- absolutely shattered by the ignorance to respond at investor relations . Will never in my analysis see the golden flip flop should have gone with the man at 1>80 my view is get out as I have on Friday this is going down
What a world we live --35,000 page's of evidence of manipulation thrown out ---- corruption to big to rule against. Our own well respected Centamin by investor's until recently pulling the wool. Not sure about the court case now. Are Centamin concerned about investing outside Egypt with profits made at Sukari --- May it effect the court ruling 7 years in litigation something does not smell right. Loved this share and still want to but head must rule your heart -------- still in but expect a rough ride
NEW YORK (Reuters) - A U.S. judge has dismissed five large banks from two antitrust lawsuits by investors alleging multi-year conspiracies to rig prices for hundreds of billions of dollars of transactions in the global silver and gold markets.
U.S. District Judge Valerie Caproni threw out all claims over alleged silver price-fixing against Bank of America Corp (BAC.N), Barclays Plc (BARC.L), BNP Paribas SA (BNPP.PA), Standard Chartered Plc (STAN.L) and UBS Group AG (UBSG.S).
The Manhattan judge also dismissed UBS from the gold-fixing case. Her decisions issued on Wednesday night totaled 87 pages.
Vincent Briganti, a lawyer for the silver investors, did not immediately respond to requests for comment. Daniel Brockett, a lawyer for the gold investors, declined to comment.
The cases are among several in Manhattan accusing big banks of manipulating financial markets at investors’ expense.
Silver investors had accused Bank of Nova Scotia (“ScotiaBank”) (BNS.TO), Deutsche Bank AG (DBKGn.DE) and HSBC Holdings Plc (HSBA.L) of fixing prices from 2007 to 2013.
After settling with Deutsche Bank for $38 million in 2016, the investors obtained 350,000 pages of documents and 75 audio tapes, including chat messages, that they said offered “smoking gun” evidence that the five other banks broke the law despite not being part of the fix.
One chat message came from a Paribas trader who wrote: “CANT WAIT FOR ANOTHER DAY WHEN WE GET THE BULLDOZER OUT THE GARAGE ON GOLD OR SIL, THEY ARE MY FIRST PORT OF CALL HAHAHAHAHAH.”
But the judge found no overarching conspiracy among fixing and non-fixing banks
A big call on Kinesis Tibbs I am supporting ---- something has to break the manipulation not sure if its Kinesis. Centamin have mislead there investors we will unlikely see 1.80 again . Using the cash store outside Egypt makes me wonder if the court case is a lever on Centamin.. Was a long term holder sold at 1.60 came back in at 1.30. should have moved on some difficult times ahead.
2008 it was banks around the world passing the sub prime loan books it was like pass the parcel Freddie mac and Freddie may had most of the parcel but world wide it was a sub prime lending issue . How can we ever beat the paper gold cartel when you can,t default on what don't exist. We are a small group here but lets support as much as we can the efforts by members to bring the invisible paper trading to light.
Thanks for your valued and respected contribution to the community on this board keep up the good work. As per my previous post the percentage programmed trading explained by Marmot may hit us again on July the 9th, unless the problem has been overstated, maybe sparkle and fizz has some shipment news.
We all know July the 9th is the big day , Have Centamin overstated the problems as they have always been conservative with projections.Are they as conservative with problems !!. I was out and came back with the fall AT 1.30 after being in since 2011. My view is the shorter,s are circling to push us back even to 1.05 in July But then my heart says the results wont be so bad wish we had more info on the shipments. Not much constructive advice my friends just my gut.
Thanks Tibbs for going the extra mile you do need a pasty and a pint and if I am ever in Cornwall I will be so happy to oblige. The panelist at the Mines and money conference in NY I was aware of to. Amazed the market is not seizing the value. My worry is Centamin has no become a traders dream kick it easily politically and move it on production.
I was out and satisfied but like some other long term posters here you just keep getting dragged back in, the unexpected potential from exploration and the recent debacle makes the seasoned investor frustrated and torn. There has no doubt been some misleading here which is usually put down to incompetence. I am back in---- no heads will roll at least publicly June 9th maybe a great time for the brave. Nice to see the old group building camp fires again.
Andrew Mac deserves a medal for is battle , but in my humble view this is like David fighting goliath. But you know old market is going to back this ( not confident) but anything that can have have a go at the corrupt manipulation system of gold is a hit for me. thank you my friends for the wallet advice. x 8k