The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Copy and paste, screenshot, or whatever your preference may be. Chances are this post will disappear!
Following discussions with the powers that be about why some of my posts fail to appear-
I have taken facts and created a work of fiction. What follows is a product of my fertile imagination.
For just over 40 years now, following collusive and very secretive meetings, a cartel was formed to control and manipulate the price of gold on the open market. I think we all know that! Notably, these meetings were, in the main, held in Basle (the French spelling) or if you like, Basel (the German spelling) which is of course interesting! These meetings continue today (in my view)!
If you’re interested take a look at January 1980. That month the US dollar gold price rose by just over 60% during a three-week period to reach a then record of $850 per ounce.
You might also find it interesting that central bankers party to these meetings began advocating gold for oil exchanges between the West and the Saudis. Exchanges, I might add, that gave “western recognised wealth” (gold) to the Arabs in exchange for oil being sold to the West, while at the same time creating a “cap” on the gold price. This is still happening today (in my view)!
For those of a similar age, you may recall that at the IMF annual conference in 1979, the US reps happened to be Tony Solomon, Henry Wallich, Paul Volcker and William Miller.
Individual accounts on these guys differ, greatly!
However, they brought with them terrifying power – this was a take it or be tickled proposition.
These four guys “advised” Fritz Leutwiler, the then Chairman of the Swiss National Bank, that a joint central bank gold selling operation was to be set up. I know it sounds a bit Mafioso, but that is what happened. As mentioned before, in less than 3 months after the IMF conference the US dollar gold price rose by over 60% (again, to be absolutely clear, all I have said is a work of fiction).
You might think to yourself, yes that’s all well and good, but over time since then the price of gold has risen? Of course it has, but certainly not to the extent it should have risen. Theft in full view goes unrecognised!
Just as an aside, Gordon Brown nearly 20 years later sold off half of the UK’s gold reserves because “he believed that investment in the dollar and the (about to be introduced) euro would give a better return”.
I ask, why?
What was wrong with gold, or perhaps what was wrong with his thinking?
IMF + WGC + BIS = Tommy Cooper
therein lies the problem.
Quite obvious to me.
Corruption part 2
CBGA parts 1.2.3 and part 4
Not Shaun.
No need for vitriol, such behaviour warrants the usual intentional disregard.
I seek to help with what I believe to be the "heads-up"
As alluded to yesterday, today was going to be...
Toss of a coin tomorrow? SP absolutely hammered 'til close on Friday or maybe a gradual but healthy rise?
The Bonfire night might have passed for you guys but hey, we are all about to experience one hell of a display.
Can't see any hostilities, but I do recall my grandfather teaching me how to set snares.
SD has his followers, those followers are going to do it again.
NS suffered somewhat when he jumped ship.
Do not underestimate the power this guy.
Amended and cancelled trades. Keep your eyes open.
There's a good reason.
If you get to view this post, count yourself lucky.
Has been some time since I saw this in play.
Our European hoarders, yes there is more than one, are actually entrepots!
Is this good news?
Absolutely!
Jiffy, enjoy your pint.
Many years ago a lecturer, at pains, stressed and perhaps over stressed this point at every lecture; "Do not tell me you have checked the facts simply because you have taken the sayings of a well regarded website"
He furthered his argument - who sits behind this website and how does this web site make money? Do not tell me it's through subs and ads!
Of course I am not saying there is anything untoward with Ortex, that would be foolish.
If I had told him my argument was backed up with the argument of the one time chairman of the NASDAQ, would he have settled for that? No.
Dig deeper, and when you think you have reached the bottom, think again, because the bottom is always hidden!
Bernie Madoff - great guy!
Jiffy, good evening.
In reality my friend, with regard to what has actually happened today, focus might be drawn to the trade of 2225000
But focus should really be on the trade(s) of 1186796.
Let's have no talk of shorting. This is a build.
There's a guy on this board named Hydrogen. He has a handle on this activity. Is he always accurate? Of course he's not and neither are any of us because if we were we would be billionaires and wouldn't waste our time helping others here.
Hydrogen's views and opinions are very much worth considering.
Floater,
I doff my hat to you sir!
Please guys. COP26 - The game's up!
How close is Boo to achieving a 1.5C pathway?
Levi's were on top of this 24 months ago.
Ask yourself this question, when the whole world is now turning against fast / disposable fashion because of the massive carbon footprint they leave behind them, why are TRP, JUP and INV still holding?
They will be dumping wholesale at first opportunity. As soon as one of these 3 get wind of any of the others off-loading this SP will capitulate.
Am I short - yes of course I am because I can see what's coming.
Do what you need to do guys.
Bazzaman, it's good you posted.
Lots of my posts have a tendency to vanish, and not because they break any of the LSE posting rules!
Jiffy, nothing to do with shorting, IMO.
Someone is building - are they controlling the price at which they are prepared to build? who knows.
Have said it before and will say it again - if you need to sell for whatever reason, try your hardest to stretch until January.
That's my view.
Huncher
"All the better to sell over the next few days to maintain control over the price. Eventually we will get the thrust for lift off but there is so much money at stake here it will be a hard fought battle. Patience"
Hope I'm reading this wrong - Massive, yes massive gains to be made here - DO NOT sell. All IMO of course.
Bruce, Sales and profits have been doing well for a long, long time, there's no doubt about that.
The owners, directors, family members have been doing well for a long, long time, there's no doubt about that either.
Boo can continue to espouse £millions and millions in their profits, tremendous growth etc.
Shareholders on the other hand?
Tradingforgood,
What do you think of my rationale?
And by the way, why do you feel it necessary to insult people you know absolutely nothing about?
More likely to smash down through 182 - today was primed.
Can't believe the interaction on pretty much all the SM sites.
LSE chiefs will no doubt be having late meetings.
"what the f3ck is going on here? You're not paid peanuts, so stop acting like monkeys! Sort it pronto! Otherwise you can all f3ck off!"
Wouldn't like to be in that meeting!
"I've built a f3cking empire here and you lazy overpaid cqunts are allowing a shovel full of muppets take it all away from me!"
Here we go with your 3-6 posts '1 month old dodge account' you won't last long here, believe me.... Spreading FUD - fear uncertainty and doubt - over the bulk underground, becuase that's essentially the only unknown left that such disingenuous posts can target.
Last year we had months and months of tecnhical FUD with the GreenTool and others - who said Havieron would never be economic... but here we are 12 months later with a gigantic starter deposit, a $50m decline going in, and $50m GGP cash funding to DFS, and a published phase 1 mine PFS to take to the bank ... so NCM can get ore to Telfer ASAP.
You may be able to confuse and scare the un-researched with your manipulation, but you cannot touch Bamps or me.
For the rest of you MrBig is a skilled and devious operator who last night was attempting to exploit an ostensibly clever argument. The posts were subsequently removed this am. For the correct reasons.
What he/she was trying to do last night was apply NCM's conservative, underground stoping phase 1 mine operational costs @ $84/tonne - actually $81/tonne according to GGP using the correct exchange rate to Bulk Underground production.
The first Stoping operation has naturally has lower volumes, due to the inherent volume limitations of the Stoping technique and higher costs - ore transport to surface limitation, requirement for drill and blast / explosives, and extra material handling, and subsequence labour in back pasting costs )
But you cannot apply this to the anticipated Bulk under ground block caving grades of the larger scale deposit where the cost per tonne would be circa $25-27/tonne
This is a totally and fundamentally inappropriate comparison made by BiggL - It's like comparing two completely different company cost structures, AND specifically designed to imply that anything under 1.5g is likely to be 'uneconomic'...
And It's total BS becuase we ALL know that Cadia is economic down to 0.4g/t Au... specifically due the bulk efficiencies of the operational costs.
And very much like comparing and interweaving the cost structure of building Ferraris directly to Ford Fiestas -
IE both make massive profits, BUT in TOTALLY different ways . Obviously You cannot make a profit building Ford fiestas in the way you build a Ferrari though. That would be loss making.
That's the best analogy I can come up with. And that is the tactic of this poster. Always Happy to smash them into touch.
Expect Multiple shorter accounts with a very obvious agenda.s
Regarding bulk underground : The only question is
first modern, apologies, I forgot to say;
Here we go with your 3-6 posts '1 month old dodge account' you won't last long here, believe me.... Spreading FUD - fear uncertainty and doubt - over the bulk underground, becuase that's essentially the only unknown left that such disingenuous posts can target.
Last year we had months and months of tecnhical FUD with the GreenTool and others - who said Havieron would never be economic... but here we are 12 months later with a gigantic starter deposit, a $50m decline going in, and $50m GGP cash funding to DFS, and a published phase 1 mine PFS to take to the bank ... so NCM can get ore to Telfer ASAP.
You may be able to confuse and scare the un-researched with your manipulation, but you cannot touch Bamps or me.
For the rest of you MrBig is a skilled and devious operator who last night was attempting to exploit an ostensibly clever argument. The posts were subsequently removed this am. For the correct reasons.
What he/she was trying to do last night was apply NCM's conservative, underground stoping phase 1 mine operational costs @ $84/tonne - actually $81/tonne according to GGP using the correct exchange rate to Bulk Underground production.
The first Stoping operation has naturally has lower volumes, due to the inherent volume limitations of the Stoping technique and higher costs - ore transport to surface limitation, requirement for drill and blast / explosives, and extra material handling, and subsequence labour in back pasting costs )
But you cannot apply this to the anticipated Bulk under ground block caving grades of the larger scale deposit where the cost per tonne would be circa $25-27/tonne
This is a totally and fundamentally inappropriate comparison made by BiggL - It's like comparing two completely different company cost structures, AND specifically designed to imply that anything under 1.5g is likely to be 'uneconomic'...
And It's total BS becuase we ALL know that Cadia is economic down to 0.4g/t Au... specifically due the bulk efficiencies of the operational costs.
And very much like comparing and interweaving the cost structure of building Ferraris directly to Ford Fiestas -
IE both make massive profits, BUT in TOTALLY different ways . Obviously You cannot make a profit building Ford fiestas in the way you build a Ferrari though. That would be loss making.
That's the best analogy I can come up with. And that is the tactic of this poster. Always Happy to smash them into touch.
Expect Multiple shorter accounts with a very obvious agenda.s
Regarding bulk underground : The only question is will this be a block cave or a more selective sub level cave...? Anyone with mining nouse can see that.. The grade in those breccia are nothing short of sensational. And a mine in their own right.
firstmodern,
"let them play, they will soon tire"
You're right, p1ss poor attempt to quash!