Member Info for NoelShempsky

https://www.investegate.co.uk/ariana-resources-plc--aau-/rns/share-buy-back--update/201901211629316845N/

Sinclair lists some items of world news that all have a bearing on the gold price, and all gold-postive -

https://www.jsmineset.com/2019/01/20/notes-for-saturdays-discussion/

Ariana has issued a correction to its announcement -

https://www.investegate.co.uk/ariana-resources-plc--aau-/rns/replacement--purchase-of-own-shares/201901161413152941N/

Dibs, I believe it was you who made a remark on the FLX board about ths sort of thing?

Do you take the same view with respect to AAU doing it?

The VAT refund is a huge factor, but, for me, this is too and I wonder if it is why the sp reacted so weakly today -

"Shanta's dividend policy remains under review and will take into account the strength of the balance sheet, operating performance in 2019 and the long-term growth prospects for the business."

I was very disappointed because last October they said - "An update on the Company's dividend policy will be announced in the Q4 Operational and Financial update in January 2019."

That had me expecting an announcement on whether they will or they won't pay out, so to be kept dangling and waiting is disappointing and perhaps others feel that way too and that is what has put a dampener on the sp.

Quote - "I was hoping AAU stayed low" - are you saying that it isn't low now? Aren't you prepared to buy at this level?

If not, then you must have no confidence in it going higher.

My word, I get attacked as though I am so gloomy that I walk around wearing a placard saying "The end is nigh", but I believe in plenty of upside from here. As I said, I recently got back in believing that it will be different this time.

Admittedly I bought back in at a lower price than it is today, but I would still buy at this level.

Ariana has issued a correction to its announcement -

https://www.investegate.co.uk/ariana-resources-plc--aau-/rns/replacement--purchase-of-own-shares/201901161413152941N/

Dibs, I believe it was you who made a remark on the FLX board about ths sort of thing?

Do you take the same view with respect to AAU doing it?

Thank you for thinking about my welfare Daisan, but I think you must have missed the :-) symbol which was meant to show that I was being lighthearted about losing sleep.

I'm not surprised that people fail to spot the humour in my posts. It is because I am not very witty. I ought to not bother trying.

However, I'm astounded by the insouciance of most people.

I think of Germany in 1935 and 1936 when some members of a branch of the community could see danger signs. They got out before 1939 and before they went, they tried to warn the others that they too ought to think about leaving.

They had to endure insouciance and replies along the lines of "You are worrying for no reason. Things won't get as bad as you fear" and many dismissed the warnings and stayed.

I can imagine that a lot of you will see that analogy as too dramatic and of course I hope I am wrong. We can only wait and see, but I think the world is going to change - a lot and quite soon.

Recently someone on here posted a link to a KWN piece. I find KWN rather too sensationalist, but this is something that I always thought had to happen sooner or later -

"Greyerz – Expect Terror In 2019 As Bank Bail-Ins Begin In The West"

https://kingworldnews.com/greyerz-expect-radical-changes-in-2019-as-bank-bail-ins-begin-in-the-west/

and this was In the news on 14th January -

"Storm clouds darken as Europe and China falter: Germany hit by recession fear amid eurozone factory slump

...

Fears are growing for the global economy after sharp falls in manufacturing raised the spectre of another recession in the crisis-torn eurozone.

..."

How's that for a headline - "Expect Terror In 2019" - terror beats my "fear and despondency" in the scary stakes. :-)

Sorry to keep pestering about this issue, but I'm sure this will interest even some of the people who aren't worried about a custodian default.

I came across this and I doubt if you can find a better guide to the relationships between brokers, clearing houses, custodians, stock exchanges, registrars and buyers and sellers and it even discusses market risk and contracts for difference.

"A Simple Explanation of How Shares Move Around the Securities Settlement System"

https://gendal.me/2014/01/05/a-simple-explanation-of-how-shares-move-around-the-securities-settlement-system/

Then I found this -

"Why account segregation doesn’t mean safety" - and -

"Even the traditional method of paper certificates – sometimes suggested as being safer than modern dematerialised share trading – is vulnerable to loss, theft and forgery, as well as being far more inconvenient." - from -

https://the-international-investor.com/investment-faq/stock-broker-account-safety

I won't sleeping tonight. :-)

Well said in4cedros.

Let's get the clause booted out.

People can bring about change - this is in today's news -

"Landmark ruling paves the way for bank scam victims to get their money back"

"... the Financial Ombudsman has overhauled the way it deals with complaints about fraud and is ordering banks to pay back victims."

I will take a chance and post the link (I was given a warning for posting links on here).

https://www.dailymail.co.uk/money/beatthescammers/article-6595823/Join-fraud-fightback-Landmark-ruling-paves-way-bank-scam-victims-money-back.html

Sadly I won't be writing to Money Mail, as I don't want publicity. If anyone else feels inclined to do, so please do.

Once again the Mail runs a campaign for justice for the people with its "Stop The Bank Scammers" campaign. (Save your bile about the Mail. I am not a huge fan of the Mail, but it does run some good campaigns and has stood up for many victims of various scandals or injustices and it was the Mail that got the plastic bag levy introduced. Normally I am against extra taxes or levies, "taxation is theft" is my belief, but something needed to be done about plastic bags).

I said that I wanted to get people to kick up a stink and get this clause removed. I can't do that on my own, so I ask others to raise the issue on other boards.

We expect our shares to be held safely and institutions to have insurance to cover any losses.

Please ask people on these boards, if they think it is right that we can lose our assets through no fault of our own. Is it right that our property can be taken because of the actions of other people. If they don't like it, then they too should spread the word. Let's get this ball rolling.

Don't worry, you shouldn't get the sort of treatment I got on here.

I have posted on other boards and never been attacked in the way I have been on here. That shows what a load of b**!*&**! f*&!*!***s they are on here (with obvious exceptions of course).

I suppose my account will now be suspended for swearing, so it's up to others to spread the word.

Hello Willowman.

I agree about a fob off.

I intend to push them further.

Hi in4cedros.

The C5 - what was he thinking?

Thanks for complimenting me on the Sinclair write-up. Pity it will be read by only about six or seven people, as that seems to be the readership on this board. Whoops, I forgot, some of them are filtering me out, so make that four or five people.

About the broker's reply - you seem fairly content with it.

It didn't stop me from being full of fear and despondency, but that is good, because fear and despondency keep the mind active, so let me see if I can put the wind up you :-)

To me, saying "too complicated to explain" suggests there is something not right that they want to cover up, but then again I have a deeply suspicious nature - sadly, due to experience.

There is another explanation - what they really wanted to say was "Sorry, but you are too thick to understand". This is probably true - I cannot understand the End User Licence agreements for products from Microsoft, Google, Mozilla, Real Player, etc.

When I was told that everything is all done according to the rules, and there are safeguards, my thoughts were "They would say that wouldn't they, and I recalled Barings Bank. I'm sure Barings had safeguards, but safeguards didn't stop Nick Leeson.

Unless I can find a broker that doesn't have the clause and that says they definitely will never introduce it (most unlikely) I intend to take my shares in certificated form, even though it means losing the advantages of an ISA. I will wait until the end of February, to see if Sinclair is proved right about the big jump in the gold price, and then I will withdraw them.

I'm happy and grateful to learn from your research too. I have been very busy and have only just had the time to search on " Eric Chalker UK Shareholders Association 2014 custodian issues" - a lot to read. Perhaps it will make me change my mind about taking my shares in paper form. Thanks for the tip in4cedros.

I apologise for forgetting who recommended to me that I put my questions to my broker.

I did put a question to them - I asked what is it that a custodian does with the shares that could result in a shortfall. I thought they just held them for safekeeping, so what could go wrong.

My broker has rssponded.

I sent my question using the secure message facility and normally, they reply also by secure message, but not this time.

I got a telephone call.

He said they couldn't give me a written reply because the matter was too complicated to explain, but I shouldn't be worried because everything is done in accordance with FCA rules, there are lots of safeguards in place and they frequently reconcile the accounts with the custodian so, if any shares go missing, they will soon know about it.

"Safeguards in place" - I was reminded of Nick Leeson and Barings Bank.

Again, my post was cut short. There must be a limit on the number of characters we can post. Here is the ending -

Who is old enough to remember Bunker Hunt \ the Hunt Brothers? Sinclair was the man the US government turned to to sort out that lot out.

I searched using "Jim Sinclair Hunt brothers" and this was one of the articles that appeared - "Jim Sinclair: The Legend, I Knew Him Way Back When" which has this -

"What I remember most back then was what a big deal Jim was in New York. When gold was making its big run to $850 or so in 1980 Jim was the talk of the town. The politicians, actors, big money types were all following Jim. And, I THINK, he got many of them out of the trade at the right time. So, here’s to you Jim and to your second run at the big time in Manhattan, Connecticut, and Tanzania. You told everyone what was going on back then and were so right … and you will be so right again in your prediction of $3500 gold." My note - that was wriiten in 2013 and Sinclair's forecast for gold has gone up.

Today, Jim Sinclair is the chief executive of Tanzania Royalty and he sits on the Advisory Board of the Shanghai Gold Exchange - although I haven't bothered to check recently. You know how things change, so please don't quote me until you have checked for yourself.

I tried to give a balanced view of Sinclair, pointing out that for the last eight years his forecasts have been off the mark, but that is just my personal recollection and perhaps I missed some of his accurate forecasts.

I balanced that by pointng out that in the eight years prior to that his forecasts were always right.

Back in the days when the gold price was around $400, Sinclair said it would go to $600.

The MSM laughed and poured scorn on him saying that it would go to $200. Sinclair was proved right.

When the gold price was around $600, Sinclair said it would go to $800.

The MSM laughed and poured scorn on him saying that it would go to $300. Sinclair was proved right.

It went on like that for years until eventually the MSM, having been made to look ridiculous by Sinclair, dropped all mention of him. They didn't dare to take him on.

Then Jim Sinclair made his famous million dollar wager. The gold price was a round $800. This was about 2008 or 2009 I think.

At that time any forecast of a gold price above $1,000 was considered outrageous and unbelievable.

Sinclair made a bet that, by 14th January, 2011, the gold price would be $1,625, I think it was. If I am wrong I am only a few dollars out.

He offered the bet to anyone who cared to take it on. This was well publicised on the gold sites. The only condition was that anyone who wanted to take on the bet had to have a million in cash to be handed to a lawyer, along with Sinclair's own million in cash, to be held in escrow.

No one took his bet. Despite the call being so outrageous, no one dared to bet against Sinclair with his track record of spot on gold price forecasts. He used to call them his "Angels" for gold. Does anyone remember that? Do a search using "Jim Sinclair gold angels".

Had anyone dared to take that bet they would have won. Sinclair was wrong about the gold price being abouve $1,600 on 14th Janaury, 2011 - but in June of 2011 it did go above $1,600.

Sinclair was right about the price but he was a little out on the timing - it was still an a amazing forecast considering how many years prior he had made it.

In 1980, Sinclair was reputed to be the world's biggest gold trader. When gold hit its peak of $850 (I find that a bit of a false indicator as it was only an intra-day peak. $650 is more accurate, in my view) Sinclair knew that the gold bull wa sover. He got out of gold and got back in to gold in 2000 or 2001, catching the $250 bottom. He knew that the next gold bull was starting. It was soon after that when he started his web site and I have been reading it almost every day since then, but when he made it a subscription site, I didn't subscribe. He now only publishes for free, some of the information that he makes available to paying subscribers. Just a few "teasers" you might say.

Who is old enough to remember Bunker Hunt \ the Hunt Brothers? Sinclair was the man the US government turned to to sort out that lot

There will soon be a big test of Sinclair's forecasting powers. A few weeks ago, he said that in fifty trading days, from then, the gold price would be very much higher. I don't recall the exact on which he posted that comment, but I remember calculating that fifty trading days would make it somewhere in mid February.

Willowman - my broker has ressponded.

I sent my question using the secure message facility and normally, they reply also by secure message, but not this time.

I got a telephone call.

He said they couldn't give me a written reply because the matter was too complicated to explain, but I shouldn't be worried because everything is done in accordance with FCA rules, there are lots of safeguards in place and they frequently reconcile the accounts with the custodian so, if any shares go missing, they will soon know about it.

Willowman - my broker has ressponded.

I sent my question using the secure message facility and normally, they reply also by secure message, but not this time.

I got a telephone call.

He said they couldn't give me a written reply because the matter was too complicated to explain, but I shouldn't be worried because everything is done in accordance with FCA rules, there are lots of safeguards in place and they frequently reconcile the accounts with the custodian so, if any shares go missing, they will soon know about it.

Just to give you a flavour of his views -

"The Reset has begun, the last men standing will be gold and silver only. Currency will survive for commerce, but gold and silver will be your only store houses of value. This is a watershed event heralding the birth of the first reset.

Russia Buys Quarter of World Yuan Reserves in Shift From Dollar

..."

and from his "“When” Is Now!" page-

"My Dear Friends,

We will keep this short and to the point. As time goes by, you will come to know all the ingredients to the fact that economic law lives and is in the process of reasserting itself like a hot solar storm on the surface of the sun.

...

Gold will be the last man standing . After June of 2019 there will be an entire new system monetarily only known to the early advocates of the theory of “Free Gold”

Today the fist system has broken and all the king’s men cannot put it back together again.

Gold will have a market of “$50,000 bid to $50,000 offered” as this new system, by the true law of economic reveals itself. There is no force on Earth that can stop the consequences of greed and mass hysteria of the years 1968 to present. This is also the end of the rule of this planet by what you call the deep state. This is the war of light versus darkness that had to come.

...

This answers the when you ask so often about the timing of the resumption of the long term gold bull market.

Jim Sinclair"