Member Info for mrtibbles

Some of our newer members may find it interesting Commissioners: L32 UNCONSTITUTIONAL Today 08:42 https://cms.shorouknews.com/news/view.aspx?cdate=27032017&id=43e23d70-2608-44d9-9e44-e71ec7eea937 http://www.dostor.org/1348988 http://www.elwatannews.com/news/details/1960719 http://www.elwatannews.com/news/details/1960899 The commissioners have submitted their report regarding law 32 to the SCC. They recommended the unconstitutionality of the whole of law 32. The SCC has set the 6th May to consider the case. The commissioners filed a report of 175 pages explaining the reasons behind their recommendation. The main points were: The law was not approved by two thirds of the MPs, as it was only approved 374 out of 596 MPs. The law violates the right to litigate. The law represents interference in the affairs of justice and an attack on the independence of the judiciary. Time scale The SCC does not normally rule on the first date, it normally takes one or two sessions. In the demonstration law the ruling came 2 months after the first date. The first one was in October, and then they had another one in November, then the ruling in December. If the SCC agreed with the commissioners, then law 32 would be cancelled, so the CEY case would go back with the SAC. As we know the case is suspended now, the next step would be for one of the two sides to apply to restart the case; the SAC sets a date and starts again wherever it stopped before the suspension. If the SCC ruled invalidating law 32 around June, it would be Ramadan and the beginning of summer holiday in Egypt where courts are kind of closed and normally reopen in Sept-Oct, and that's when I think our SAC case could restart, but I have no idea how long it could take. In ideal world you would think that the SAC had suspended the case when they collected all the necessary information for the ruling, so really it should not be long. The only thing I could think of that could cause a further delay would be if the members of the SAC changed by then as of course new ones may need time to look at the case again, but as we know this is the Egyptian legal system and nothing is logic when it comes to time. Once again, all this would happen IF the SCC agreed with the commissioners regarding invalidating law 32, and to be honest I think they would because their report is too bad.

Hi Siko, Great to hear from you and I hope that you are well! Thank you for the update on the diesel case, at least that's is one outstanding situation a bit nearer being concluded! .

http://www.mining.com/web/one-more-sign-of-manipulation-in-the-gold-market/ Conclusion and Outlook for 2014 As demonstrated in our Open Letter to the World Gold Council, there was a large supply-demand imbalance in 2013. The evidence presented here suggests that the decline in the price of gold in mid-2013 and the subsequent raid of gold ETFs (but not silver ETFs) was engineered by Western Central Banks to help solve their physical gold supply problem. However, the resulting increase in Indian gold demand exacerbated the problem. The solution was to restrict Indians from importing gold by all means possible in order to help the Western Central Banks regain control of the gold market. However, the rate of drain in gold ETFs cannot continue forever; at the current pace of 930 tonnes/year, there are less than two years of gold left in ETFs. Moreover, Indians have proved highly creative at finding ways around import restrictions.10 Smuggling is on the rise and will most likely increase as smugglers become more sophisticated. Overall, we believe that interest in physical gold from emerging markets will remain a driving force. Besides, mine production is unlikely to grow, as reflected by the significant decrease in capital expenditures expected for the major gold producers (Figure 5). Accordingly, we believe that the manipulation of gold prices by central banks, as demonstrated by the above analysis, cannot continue in 2014. Therefore, we expect substantial increases in the price of precious metals as the true shortages become obvious. 2018 and the WGC have done nothing! Wonder why?

what the WGC is really all about (jobs for the boys) and it isn't fair price for miners! http://www.mining.com/top-south-african-miners-leave-the-world-gold-council-28925/ Some comments- Good job South Africa. My opinion is the God Council doesn't have the miners at heart. What have they done for the industry but publish data and not much else. The gold mining industry needs an activist reprsentative who makes sure that the miners are getting a fair deal for their output, and not what the CME says the value is. Transparency is lacking in the Gold Council and who it represents is gold buyers and CB's efforts to control the price. "Price is what you pay, value is what you get" (Warren Buffett) - the WGC has not delivered value to their members, nor to the industry, since the previous excellent management team was ousted around 2009.

http://www.kitco.com/news/video/show/Kitco-News/1993/2018-06-15/RERUN-Gold-Is-Where-It-Should-Be---Pierre-Lassonde#_48_INSTANCE_puYLh9Vd66QY_=http%3A%2F%2Fwww.kitco.com%2Fnews%2Fvideo%2Flatest%3Fshow%3DKitco-News

Bought at the going rate from Chevron last I heard. I have asked you questions and will remind them. Tibbs

i would love to be able to help you, however I am not a qualified financial advisor and although I would like to influence a rise in Centami it would be morally wrong to encourage you to take such a risk with your portfolio. I am sure with portfolio of your size you have been around a while and know all too well what can happen to peoples stops on a Monday open up As you know we have members on here who have faith in the markets and those regulating them, I lost my faith in both some years ago when it became very apparent that the regulation's protect the system and certainly not the likes of us. Look at recent events we had cracking results and and production guidance from a trusted company that had always under-promised and over delivered, so there was no reason to think anything was going to change. Three weeks later a RNS from the same company give out confusing reasons why the previous guidance had been reduced drastically and so the market punished the share with an immediate and severe knock back that has continued to the present. Should Centamin have made us aware sooner of the knackered LHDR,,possibly but even if they had done so the share price would have still been punished. In hindsight if any of us had thought to ring investor relations a couple of weeks after the very positive Q! outlook to confirm everything was in order with production would Centamin have told us about the problems? More than likely not, even if they had wanted to because that may be regarded as giving the investor an advantage to sell out or open a short position for instance. So we have to appreciate that although it frustrating that investor relations can't always tell us as much as they may like to, that is understandable ,because not all Centamin share holders are in for long term like the majority of us and so giving a running commentary on production to us may not be in our interests, there are others that would use such information against the company and us! This is the problem we face ,we are in for the long term, but that isn't how the markets operate today,they want results and profits in 24 hrs or less! What is my opinion on the LHDR , it's back up and running, when will the extra one arrive, that will be announced by the company in due course, as will the final commissioning of the new crusher.. All of us long term older know that production will be restored and increase, that future threats to drilling output will have been mitigated and that long term ore grades are guaranteed . What will happen to the POG , that is more tricky, but as things stand now I believe there could well be a major reset perhaps around October time, but who knows far too many vested interests in keeping the present paper system going! I am still very angry with Cenatmin management for such an avoidable and monumental cock up as they have just made, but I really don't think they will ever make the same mistake again. So ove

CEO of First Majestic Silver Price Manipulation by Keith Neumeyer This bloke used to be a manipulator, but he did the right thing and got out! https://www.youtube.com/watch?v=dIKj12_8i3Y How can it be morally right to sell something that doesn't exist (paper silver) to push down the price of something that does exist real silver bullion? The countries where the silver is mined are having their natural resources exploited and devalued by stock market manipulation which is detrimental to their peoples standard of living and their long term future. I think it was Spot one of our group who asked "Why carry on mining the real stuff, it would be far cheaper for the mining companies just produce and sell paper precious metals!" Worth serious consideration, just think of the great advantages for Centamin if it stopped digging for real gold ore at Sukari? 1. They no longer need to win the court case 2. Diesel used is nil 3. No longer need Barminco or their unreliable LHDR, or the second rig, or the crushers, or the trucks, or any of the other kit! 4. No more explosives needed! 5 .Ore grades no longer matter a jot, its paper grades now! 6. Sand dancing lessons and camel husbandry can be run on a daily basis instead of pesky gold mining! 7. Ordinary staff could just be paid to help out in the community. 8.Set up a black algo trading box in the board room and employ a few highly paid cartel insiders to tip the IT bod running it which way the market is going next week, or 5 days before the NFP figures are released to the pleb's (that's us) 9. The board could just meet once a quarter to decide on what bonus they should be. Paid. 10. EMRA would be getting shed loads of profit share from paper gold sales and no more pesky mining licences to sort out; even Lord Nagy's mine could be producing paper gold 11. No more detrimental environmental impact and all the money earned from profit share from selling paper gold could go back into rebuilding the Egyptian economy 12. Share holders no longer have to be concerned about guidance, it can be guaranteed! 13. Wall Street can whistle Dixie and the NFP figure will matter not a jot! It really does make e sense, the world gold council has stated that demand for real gold is dropping and those trusted trading banks in the know have said there is a surplus of real gold and clearly by the sales of paper gold going through each day (around 1300hrs, why is that?)the demand for paper is ever rising! So let’s get that LHDR scrapped, (it never worked properly any way) then start producing the commodity that is in real demand, paper gold! Sukari could even churn out paper silver, or anything else, potatoes, oh' no sorry, they wouldn't allow you to sell paper potatoes in the local market, that would be fraud, oh' and no paper gold or silver down the market either, they only buy the real stuff, strange these ordinary folk?

I appreciate that some believe there is no organised precious metals market manipulation because those dong the manipulation have have put over a very convincing argument that it is down to supply and demand, market forces and the fact that government bonds, etc cost nothing to keep and pay a bit of interest as opposed to precious metals that pay no interest. People are entitled to believe what ever they choose, however having seen some very damming evidence recently of just how much manipulation goes on and the lengths that those involved go to to discredit anyone who speaks out I remain firm in my opinion. Cranky Tibbles.

a gold price collapse depress you to much. My well-informed broker/trader explained that yesterday the pull back in POG was due to short term algo driven chart chatter with HFT’s correlated to GC & DX triggering a directional naked long stops! However, contrary to what is claimed by some there certainly isn't a surplus of real gold on the markets, in fact the physical market is very strong confirmed by very long in institutional tonnage size taken up on Friday! Don't be panicked!

thank you Mizolgit for that explanation.

Who's The Little Man Behind The Curtain? //www.roadtoroota.com/public/133.cfm There has also been many articles about JP Morgan being both the Custodian of the largest Silver ETF (SLV) while at the same time the suspected huge COMEX silver short. As analyzed in the above article it is clear to me that the physical metal in the ETF's is being used to justify the large concentrated short positions that are used to rig the prices of gold and silver. Interesting enough this same issue is highlighted in the letter written to the CFTC by Senator Carl Levin in support of Position Limits. http://comments.cftc.gov/PublicComments/ViewComment.aspx?id=33866&SearchText=levin "The proposed rule would help put an end to excessive speculation and market manipulation in U.S commodity prices by creating the regulatory infrastructure needed to establish position limits across U.S. commodity trading venues, including futures and related derivatives markets, and across a variety of commodity related trades in agriculture, metals, and energy markets." "the proposed rule must make it clear that the new position limits will apply to derivative dealers and speculative traders that buy or sell commodity-related instruments, including index traders who trade commodity-related index swaps, and financial firms that sponsor commodity-related Exchange Traded Funds (ETF's) or Exchange Traded Notes (ETN's). These commodity-related financial instruments are designed to allow investors to profit from changes in commodity prices without having to purchase the actual commodities or manage a portfolio of commodity investments; they are inherently speculative and, in the aggregate, can have a significant effect on commodity prices." These are some pretty big words aimed at our totally corrupt markets! And don't think for a minute that this came from some Congressional lackey that doesn't know what he's talking about or have any real power. Senator Carl Levin is the Chairman of the Permanent Subcommittee on Investigations for the United States Senate. Basically, he's one of the leaders in the battle to take down the Banking Cabal! I could go on for days about all the comments I read regarding the Position Limits Rule that were posted on the CFTC website as the true "Good Guys" and "Bad Guys" have come out of the wood work on this one. As the crooks at BlackRock commented..."The Commission's position limit proposal may well have the most profound impact on our clients, our business and the markets we use of any Dodd-Frank proposal the Commission has issued". THAT'S HOW IMPORTANT THIS RULE IS! Make no mistake...the end of market manipulation means the end of un-backed fiat money as history has shown again and again that no un-backed currency can survive on it's own without controlling the prices of gold and silver. The only question left is WHEN will the final ruling come down?

WORLD GOLD COUNCIL SUPPORTS GOLD PRICE MANIPULATION! Bix Weir For years my friends over at the Gold Anti-Trust Action Committee (GATA) have been claiming that the World Gold Council (WGC) is a puppet organization funded by the very banking cabal that suppresses the price of gold. In the early days of this 10 year old gold bull run most people brushed off GATA's comments as coming from people who wore "tin foil hats" and saw conspiracies in everything. But nobody really gave a good explanation as to why the industry's largest gold advocate organization, the World Gold Council, was always touting the virtues of Gold Jewelry over and above the monetary purposes of gold in all their marketing campaigns. Millions of advertising dollars were spent glorifying the virtue of gold necklaces to enhance a woman's skin tones and how the gift of a gold bracelet was sure to lead to a lifetime of romance. While the WGC was promoting gold via jewelry sales, the GATA Army was scouring government documents, writing letter to their elected officials, uncovering incriminating evidence and suing the guilty parties for their involvement in a vast conspiracy by banks and governments to serendipitously suppress the price of gold. In a nutshell, the World Gold Council has stayed silent while the obvious market manipulations suppressed the price of the ONLY thing they were supposed to support...GOLD! All the while GATA has been busy freeing gold from the clutches of the rich and powerful that control the price on a daily basis. The really twisted part of it is that where the World Gold Council has an operating budget in the multi-millions of dollars funded by donations from gold miners and banks, the folks at GATA operate on a shoe string budget funded by paltry donations from individual investors that are tired of being robbed by the bullion banks. Even given these facts the amazing truth is that... GATA DESERVES MORE CREDIT FOR THE 10 YEAR PRICE APPRECIATION OF GOLD THAN ANY OTHER ORGANIZATION IN THE ENTIRE GOLD INDUSTRY! So where does the World Gold Council stand now on supporting the price of gold? Clearly they have benefited from the monumental rise in the price of Gold so wouldn't you think they would go all out in support of Gold market issues that may help gold gain a stronger foothold in investment portfolios, support a higher price and stop the rampant market manipulation? If there is one tool that is used most in the price suppression of Gold it is the concentrated paper gold selling that takes place on a daily basis on the COMEX and LME. As our good friend Jeffrey Christian of the CPM Group so eloquently put it... paper gold trades in multiples of 100 times the amount of physical gold. So when the CFTC presented the world with the opportunity to voice their opinion on whether this concentrated paper manipulation should be curbed or stopped which side do you think the largest Gold advocacy group came out on? THEY ARE VEHEMENTLY AGAINST THE NE

Don't you think they have a hidden agenda, they have their strings pulled too you know!

I had a long conversation with with a gold trader and they explained that the big banks are snapping up real bullion as soon as it is available and there is actuality a huge shortage of the real bullion. This trader was saying that the big reset is going to take place over a weekend and the big boys will make billions whilst the ordinary punters will have their pants pulled down on the following Monday morning. Market regulation , what regulation, the manipulators even manipulate the regulations with impunity !

Fed and their bank cartel then? Trumpo reckons the rest of the world takes advantage of the US? How long will the North Korea agreement last, it's very one sided ?

Up and running again! No news on the arrival of the additional LHDR as yet. New crusher, no news on when it will actually start producing. To be fair though we must remember that I.R. are unable to give a running commentary on operational issues due to public disclosure constraints.

Awaiting confirmation Rebess

this afternoon!, this is why gold is down!

It was working with only stops for routine maintenance to be carried out, in the meantime the production crews carried n working on those previously drilled, holes, however two major breakdowns in close succession and a shortage of spare parts to repair it meant that underground production came to complete and lengthy standstill . No stand in or spare LHDR machine was available.