Member Info for mrtibbles

Friday could be a historic day for the U.S. options market, according to a derivatives strategist at Goldman Sachs Group.

As trading in U.S. stock options, especially extremely short-dated zero day to expiration options, continues to boom, contracts attached to $3.4 trillion worth of U.S. stocks, exchange-traded funds and equity indexes like the S&P 500 are set to expire Friday during September’s expiry for monthly and quarterly options, according to the latest figures from John Marshall, head of derivatives research at the investment bank that were accurate as of midweek.

That is on track to be the largest September expiry on record, raising the possibility that markets could finish the week on a volatile note.

In a breakdown of notional value due to expire, Goldman showed that nearly $2 trillion of S&P 500 index options are due to expire Friday morning, while single-stock options with a notional value of $555 billion will expire later in the day, along with a host of other contracts.

In options-market parlance, notional value refers to the value of the underlying securities or indexes controlled by the option. Typically, index options are settled in cash, while options on single stocks and ETFs are settled in shares.

https://tinyurl.com/bdd6awv6

A call option is the right to buy a stock at a specific price by an expiration date, and a put option is the right to sell a stock at a specific price by an expiration date.

https://tinyurl.com/bdw7sfsd

A put option is a contract tied to a stock. You pay a premium for the contract, giving you the right to sell the stock at the strike price. You're able to execute the contract at any point until its expiration date.

Hi Tornado,

Your bedtime story should help naughty MHenderson get off to sleep before eight o clock!

Oct 2020 J.P. Morgan Bank prosecuted for silver price manipulation, but they are still doing iy along with the others banks in 2023!

https://tinyurl.com/mr2xxuwb

See also In August, two out of three former JPMorgan Chase & Co employees were convicted by a federal jury in Chicago after being charged with manipulating gold prices for years. The conviction included charges of price manipulation, spoofing and wire fraud.

"I used to work for banks back in the '80s

. These trading methods are common, and they're endemic throughout the entire system. You know it doesn't tell the whole story.

These trading desks communicate with each other on a regular basis, and it's not just in the silver market. It is throughout all equity markets and all commodity markets," said Neumeyer.

https://tinyurl.com/umrva8ze

Silver underpriced below this interview with Keith Neumeyer CEO covers many issues that are very relevant to anyone invested in Centamin and/ or precious metals

Hi Everyone, it seems that MHenderson ( I have my suspicions as to his former members handle) is indeed spreading untrue malicious rumours in order to unnerve shareholders, when in fact it seems contrary to this rumour things are going to plan at Sukari!

See the official response from Centamin, please share as you see fit.

Centamin Official reply -

We are not aware of the news you are referring to.

We had a substantial plant maintenance programme scheduled in Q1 this year, which was successfully completed as planned: https://tools.eurolandir.com/tools/Pressreleases/GetPressRelease/?ID=4275992&lang=en-GB&companycode=au-cey&v=.

For clarification, the Sukari paste-fill plant commenced commissioning in Q2, not the gravity circuit. The Sukari gravity circuit is in the design phase with a construction decision expected by the end of this year: https://tools.eurolandir.com/tools/Pressreleases/GetPressRelease/?ID=4357244&lang=en-GB&companycode=au-cey&v=.

Tibbs

Hi Siko,

Great to hear from you, hope that you are well!

Thank you so much for the clarification.

Best

Tibbs

[The mining sector] is at the mercy of banks, so if [banks] want to move these metals to whatever price they want to move them to, they can do it relatively easily" he claimed. "I wouldn't necessarily call it manipulation. I think it's just managing the book."

Keith Neumeyer is a long-time advocate of silver miners forming a consortium so that they can sell silver directly to consumers, instead of going through derivatives markets like the COMEX and LBMA.

Automotive companies like Tesla could soon purchase silver mines, as they seek to control supply over critical metals required for electric vehicles.

That's according to Keith Neumeyer, President and CEO of First Majestic Silver who forecasts that this, combined with other demand-driven factors, will send the price of silver up to $125 per ounce.

https://rb.gy/rc8sm

Where indeed Mr Bond, that's the question which I doubt M Henderson will be able to answer!

MHenderson,

I am sure that you realise that such a claim especially of an event or circumstances that has the potential to affect market confidence and the company value is going to be disregarded unless the claim is substantiated with supporting evidence.

So in view of your reluctance or inability to provide any supporting evidence and indeed no obligatory RNS from the company such a claim must be regarded as malicious or misinformed rumour lacking any credibility!

Steve, Rebess, Cowichan,Mr Bond,Tornado,3bear,Mary & other members,

I have this evening written to Centamin & FTI asking for clarification one way or the other.

Tibbs

Hi Rebess, I agree, Q3 was always going to be a teller! let's hope this time that we will be at last pleasantly surprised rather than as in the past disappointed!

Thank you for the info Cowichan,

Please keep us updated via your Sukari contacts.

The UK economy contracted by 0.5% in July - with early official figures suggesting that strikes and the summer washout had an impact.

The Office for National Statistics (ONS) said the decline - which was worse than many economists had expected - followed an unrevised 0.5% increase in gross domestic product (GDP) over the previous month.

ONS director of economic statistics Darren Morgan said of the yo-yo performance: "Our initial estimate for July shows that GDP fell; however, the broader picture looks more positive, with the economy growing across the services, production and construction sectors in the last three months.

https://tinyurl.com/yc8zur5w

Postwar CBI in the United States

Every postwar president from Truman to Trump has made an effort, not always

successfully, to influence monetary policy (Conti-Brown 2016). Furthermore,

Congress—sometimes from the left, sometimes from the right—often has the Fed in its

sights (Binder and Spindel 2017; Paul 2009; Wachtel 2017). The statutory

independence of the Fed is clear but that does not mean it is removed from political

influence or criticism that might influence decision making (Cargill and O’Driscoll 2013).

The Federal Reserve begin operating in 1914 as group of 12 regional banks with

weak oversight from the Board of Governors in Washington, D.C. Independence was

reinforced in the 1930s with the establishment of the Federal Open Market Committee

(FOMC) and the removal of the Secretary of the Treasury from the Board. During World

War II everyone agreed that the role of the Fed was to assist in war financing with low

interest rates. The Fed continued to peg long-term interest rates at 2.5 percent even as

inflation accelerated in the postwar period. Low interest rates were popular and the

policy record indicates that the Treasury was in charge; the Fed had little will or desire

to resist. As inflation increased during the Korean War, the Fed was ready to tighten

policy and assert its independence

https://tinyurl.com/mryxcbvp

“US banks are more profitable because of investment banking. Bank of America, Goldman Sachs, JP Morgan, Morgan Stanley – these are the only investment banking relationships you need. In Europe only Barclays has material access to capital markets. It has proved very painful for the likes of Credit Suisse, Deutsche and UBS to try to compete,

https://tinyurl.com/49wmemtm

US banks are more profitable because of investment banking. Bank of America, Goldman Sachs, JP Morgan, Morgan Stanley – these are the only investment banking relationships you need. In Europe only Barclays has material access to capital markets. It has proved very painful for the likes of Credit Suisse, Deutsche and UBS to try to compete, let alone what I call the ‘rats and mice’ players.”

We’re glad to see that you may be inspiring others with our journalistic content. We ask that you copy our content for personal use only, so as not to violate our Terms and Conditions. Otherwise, ask about our group memberships via lorenzo.passarella@ipe.com. Text copied from: https://www.ipe.com/current-edition/fear-and-loathing-in-european-banks/10065378.article

Considering this was published April 11, 2010, 4:00 a.m. ET it shows just how much of a hold the FED has on holding down PM prices!

There is no silver lining to the activities of JPMorgan Chase and HSBC in the precious-metals market here and in London, says a 40-year veteran of the metal pits.

The banks, which do the Federal Reserve’s bidding in the metals markets, have long been the government’s lead actors in keeping down the prices of gold and silver, according to a former Goldman Sachs trader working at the London Bullion Market Association.

https://nypost.com/2010/04/11/metal-are-in-the-pits/

https://en.wikipedia.org/wiki/Andrew_Maguire_(whistleblower)

The evidence seems to confirm that a very large proportion of "Traders" invariably loose far more than they care to admit so they attempt to seek some compensation for their failures by boasting on forums about their trading prowess and mocking those who take a more long term approach.

Don’t Try This at Home?

60%-80% of Retail Traders, Depending on Broker, Lost Money Trading Forex CFDs

by Wolf Richter • Jul 28, 2020 • 67 Comments

An even greater share of retail traders lost money with these highly leveraged derivative contracts during the Pandemic than before.

https://rb.gy/a75ma

The FCA has reminded firms offering contacts for difference (CFDs) that CFDs are highly leveraged derivatives and adverse price movements in relevant markets can lead to substantial losses for consumers.

https://rb.gy/3hsa3

centamin would be far better rid of a fund such as "blackrock"the brand is generally regarded as a renowned as a parasite or ****roach due to its lack of morality, integrity and commitment which does nothing to inspire confidence in cey.

in contrast vaneck is widely regarded as one of the good guys and a fund that is willing to commit to the long term which inspires market confidence and shareholder faith in cey !