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Bullion Direct used to be the best online place to trade bullion - with real time bids/asks and only 1% commission. Now it's a hard time for bullion dealers. Most of them switched to free shipping recently because of high competition. Many dealers bought their inventory at much higher PM prices and losing money on every sale. Others have to play in "hedging", which adds additional risk... I traded on Bullion Direct more than once and always was happy. Now I feel sorry for BD customers who got caught with their cash or bullion delivery "suspended". I am afraid we are going to see more cases like this.
BTW, I noticed that APMEX stopped charging sales tax to their NY buyers. My guess: they have quietly sold (at a loss) the famous building in Manhattan that they bought from Trump using gold as a payment method.
It's very strange opinion... Greece was begging EU to take it's sovereignty when the country joined the Union in 1981 and adopted EURO in 2001. And it's obvious they don't want to take their "sovereignty" back.
Islamic State's New Dinars Help Take Its 'Caliphate' Back to Dark Ages
http://www.thestreet.com/story/13197327/1/islamic-states-new-dinars-help-take-its-caliphate-back-to-dark-ages.html
No comments. Just search "Owen Naccarato"... pumps and scams.
You can start here, for example:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=81787387
Yes, but it's still amazing how those 100-share buys at the ask (worth less than commission for the trade) can move the herd in "right" direction:
Time Price Volume Market
15:59:51 0.0369 100 OTO
15:57:57 0.0368 100 OTO
15:40:11 0.0307 5000 OTO
15:21:42 0.0335 10000 OTO
15:09:37 0.0335 7500 OTO
15:02:18 0.031 50000 OTO
13:47:27 0.038 1000 OTO
13:46:35 0.033 10000 OTO
13:46:35 0.0339 4900 OTO
13:46:17 0.0339 5000 OTO
13:46:17 0.035 5000 OTO
13:46:17 0.033 10000 OTO
13:45:48 0.033 42800 OTO
13:45:45 0.033 10300 OTO
13:45:45 0.033 20000 OTO
13:45:33 0.033 10000 OTO
13:45:33 0.03183 10000 OTO
11:58:55 0.033 23000 OTO
11:57:19 0.033 23000 OTO
10:39:14 0.029 74500 OTO
10:35:10 0.033 100 OTO
09:58:09 0.03 40400 OTO
09:44:51 0.029 42500 OTO
09:43:48 0.029 15000 OTO
it's strange, but nobody accuses me of being short this stock.
Well, let's see what we had today. Paint job highlighted in red (3,350 shares worth about $100). The rest (about a million shares) - dumped at the bid. I would call this "low-cost manipulation". These guys don't even care to build illusion of support (at 0.29, for example). I agree, it's too risky.
Time Price Volume Market
15:00:04 0.0299 100 OTO
14:59:19 0.021 50000 OTO
14:58:00 0.021 100 OTO
14:57:20 0.02 5000 OTO
14:57:18 0.02 35000 OTO
14:54:00 0.021 22400 OTO
14:53:58 0.021 50000 OTO
14:53:39 0.021 27600 OTO
14:53:39 0.021 12400 OTO
14:53:20 0.021 10000 OTO
14:51:53 0.0195 5700 OTO
14:51:53 0.0195 54300 OTO
14:51:11 0.0214 10000 OTO
14:50:40 0.0215 41000 OTO
14:50:38 0.0214 10000 OTO
14:50:38 0.0215 15000 OTO
14:49:37 0.0205 37000 OTO
14:48:56 0.0195 58000 OTO
14:48:53 0.02 10000 OTO
14:48:14 0.0215 100000 OTO
14:47:44 0.0215 38000 OTO
14:47:41 0.0215 12000 OTO
14:47:02 0.0215 10000 OTO
14:46:42 0.022 10000 OTO
14:46:05 0.0215 10000 OTO
14:45:57 0.022 10000 OTO
14:40:08 0.022 1 OTO
14:39:47 0.022 12999 OTO
14:31:42 0.03 100 OTO
14:28:28 0.0215 25000 OTO
14:25:53 0.022 50000 OTO
14:25:53 0.022 50000 OTO
14:25:24 0.022 50000 OTO
14:25:04 0.022 50000 OTO
10:55:07 0.035 1250 OTO
10:49:03 0.03 1000 OTO
10:49:01 0.03 1000 OTO
10:47:02 0.0218 8000 OTO
10:46:23 0.0218 50000 OTO
10:45:28 0.0219 50000 OTO
10:45:28 0.0219 50000 OTO
10:45:26 0.022 10000 OTO
10:44:32 0.022 50000 OTO
10:42:31 0.022 50000 OTO
Can you please look into my posts on this board? All insider information is there - with names, links, etc. For the starter I will remind you that the only asset in Russia (Markray, Roshal), that Delaware company claims to own, is a private business owned by Olga Smolnikova - the biggest insider that owns millions of RVBR shares. This "Russian asset" is actually a small company that sells small construction supplies. I contacted directly Russian authorities and have official response (EGRUL document). So, registered in US "Markray" has nothing to do with Russian "Markray", it owns nothing. and all their statements are fake. This is exactly the same setup we saw in AURUS and other companies pushed by the same group. All of them are delisted/suspended by SEC, and RVBR is the next. BTW, Olga Smolnikova left her Markray's President position after my posts about her role and affiliation with Markray's (and Aurus) "grey cardinal" Valentin Chegenev. I also had several email exchanges with new President Alexei Borisov. So, if you really want to read about Russian insiders, read my posts. Some names to search: Smolnikova, Chegenev, Marushko, Dovgan, Korogod, ...
All their imports are paid in US dollars. They need dollars to update imported drilling and mining equipment and technologies. They still buy a lot of agricultural products, and their oil/NG revenues are down because of sanctions and low oil price. The Central Bank of Russia buys millions of dollars every day, that's why rouble is falling again. China connection is overrated. Actually Russia is losing on every contract signed with China, and they know this. The purpose is to "scare" the West by their East orientation. Moreover, everybody in Russia realizes that long term China is a big threat to Russia's sovereignty - Chinese consider big part of Siberia and Far East as their territory that was annexed by Russia.
Please pay attention. Let me know if you need some history lessons and supporting links (they could be in Russian though).
I am not really surprised. Organized iHub team can revitalize any corpse. What these guys may not realize - actually they are helping Russian insiders who hold millions of worthless shares and don't have much means to manipulate US trading from Moscow. So, it's like birthday gift for them. Have you noticed that after years of silence they (insiders) started posting fake reports again to support unexpected RVBR rally? They don't really care about the price action, all they need is a strong bid that would allow them to dump their shares. Who do you think sells big blocks under the bid every day? iHub traders selling pre-loaded shares? Possible... but I bet this is happy insiders using rare opportunity to unload. It has been proven many times here that this "company" has no assets, doesn't pay taxes, doesn't send reports to the state of incorporation, and labeled as "inactive" by Delaware.
Russia is under sanctions and threatens to "cover US with radioactive ash". They need dollars to do this.
http://nypost.com/2014/03/17/russian-news-agency-head-we-can-bomb-the-us-into-radioactive-ash/
This will tell you everything ($160 worth price fix at ask and all the selling at the bid). Professional push up, and not much of selling opportunity because of the wide spread.
Time Price Volume Market
15:57:15 0.03 2750 OTO
15:53:42 0.03 750 OTO
15:47:21 0.02 20000 OTO
14:11:34 0.03 2000 OTO
13:42:48 0.021 15100 OTO
13:42:45 0.021 13000 OTO
13:30:42 0.021 100 OTO
13:23:28 0.019 43000 OTO
13:05:39 0.0185 40500 OTO
13:05:11 0.0186 50000 OTO
13:05:08 0.019 10000 OTO
13:04:53 0.019 39500 OTO
13:04:48 0.02 10000 OTO
13:04:24 0.021 2000 OTO
12:56:21 0.019 10000 OTO
12:55:53 0.019 10000 OTO
12:53:51 0.0187 50000 OTO
12:53:51 0.0187 50000 OTO
12:53:45 0.019 250000 OTO
12:53:42 0.02 10000 OTO
12:51:34 0.02 35250 OTO
12:49:40 0.021 10000 OTO
A Derivatives Bomb Exploded Within The Last Two Weeks
I’ve never seen so many sophisticated Wall Street’ers this scared in my entire career. – This comment comes from a very well-connected Wall Street/DC insider and is in reference to how illiquid the bond markets have become.
...
This could be the start of the big financial markets inferno that many of us have been expecting for quite some time.
My best advice for anyone who wants to protect themselves financially is to get as much money OUT of the system as you can. It’s up to you whether or not you convert your cash into physical gold and silver, but I think at this point only an idiot would leave his money in the system and denominated in paper dollars.
Full article: http://news.goldseek.com/GoldSeek/1433876475.php
Markray's debt to the State of Delaware was about $300K last time I checked. Now the State switched the corporation to the "W0006 Inactive Corp" status. You can find this information at https://delecorp.delaware.gov/tin/GINameSearch.jsp Markray has not paid taxes for years and never submitted annual reports. It has no assets and, just like with all other stocks traded by this "team"(AURC, NWOL, etc.), the next step is SEC suspension.
They have nothing. All facts are here, on this board. Can you read?
To increase the float they need to find fools who would buy millions of shares they already own. Every time when IHub pumpers try to create an interest and preload for "future rally" they actually buy shares from RVBR insiders. This people don't need "rallies". They have been dumping their worthless shares at any bid. This is a fake company with big debt and no assets. Good luck trying to sell your shares now.
5 Reasons To Buy Platinum Rather Than Gold
http://seekingalpha.com/article/3080466-5-reasons-to-buy-platinum-rather-than-gold?ifp=0
TURKEY GOLD BULLION ATM - Gold Deposits Surge In Turkish Banks
http://www.figanews.com/2015/02/turkey-gold-bullion-atm-gold-deposits.html
(about 300 ATMs in Turkey)
Half of Germany’s gold stored in vaults under the streets of Manhattan. Or is it?
http://economictimes.indiatimes.com/news/international/business/half-of-germanys-gold-stored-in-vaults-under-the-streets-of-manhattan-or-is-it/articleshow/46151690.cms
I talked with them many times. Posted phone #s and email addresses. Let us know which phone you called and who answered. BTW, in case you want to see RVBR-AURC assets currently claimed by another Russian company (Krong): http://kronggold.ru/ It's the same people - Chegenev and Co.
"Chitay matchast'"
They merged many times already (with similar scams). They received "buyout offers @ $1.5". They "announced dividends". They "distributed gold coins" to RVBR shareholders. They will do anything to make you buy. Sorry to intrude... Keep recruiting gamblers...
I know iHUB pump teams can move even dead body ... but you guys better spend some time doing research on this one. This is a fake Delaware company that has never paid DE taxes and about to be shut down:
* W0124 You requested Tax Year 2014. No A/R has yet been filed for 2013.
File Number: 4435535
Corporation Name: MARKRAY CORP
Federal Employer ID: Help Text
Incorporation Date: 10/04/2007
Agent Number: 9000014
Agent Name: CORPORATION SERVICE COMPANY
Street Address: 2711 CENTERVILLE RD SUITE 400
City: WILMINGTON
State: DE
Zip Code: 19808
Franchise Tax: $ 175,068.49
Penalty: $ 125.00
1.5% Monthly Interest: $ 31,534.83
Annual Filing Fee: $ 50.00
Previous Credit/Balance: $ 0.00
Prepaid Quarterly Payments: $ 0.00
Amount Due: $ 206,778.32
This company doesn't have assets it claimed to own. Russian owners hold many millions of worthless RVBR shares and sell them at ANY bid. By creating trading volume you just help them to sell their paper. Remember every time you buy RVBR shares you are buying from Russian insiders.
Just read information and documents that have been posted here and visit AURC board - it's RVBR in previous incarnation.
Good luck with you pump (and financing Russian troops in Europe).
The author of the article has no idea...
"Putin is not shouting about it all over the world. And of course, he still accepts US dollars as an intermediate means of payment. But he immediately exchanges all these dollars obtained from the sale of oil and gas for physical gold! To understand this, it is enough to look at the dynamics of growth of gold reserves of Russia and to compare this data with foreign exchange earnings of the RF coming from the sale of oil and gas over the same period."
This is completely wrong. Russia is buying practically zero gold for dollars. Almost 100% of its "purchases" come from domestic producers and banks. They just don't have other options to sell gold which treated as "banking metal" in Russia. Actually, Russian CB will take domestic gold "for free" if ruble keeps falling and economic environment requires draconian measures. Russia needs foreign currency to feed population and avoid complete collapse. Their currency reserves are less than they need to survive, and CB already spent billions of dollars just to support ruble, which lost about 50% anyway. Without imports (that require dollars) they won't survive. Even Russian experts give Putin 2-3 years to fix the situation. If no improvement by then Russia will start selling gold (the country is one of the largest gold producers), or... start bombing it's neighbors. Ukraine is just the first victim. "Little war" has always helped to consolidate population and resolve economic problems.
I kind of agree with this article and have been saying this all along. People who bet on US dollar crash need to look at Russia to understand what "currency crash" means. USD will be the last domino to fall. IMO.
The problem with this is that, according to their SEQ filings, the only "accredited investor" on board is Mr. Goldstein. He does get cheap shares for his loans and sells them on the open market then. Not too bad: 5% interest plus capital gain. This is just another tricky way of diluting shareholders. IMO.
Leading independent advisory firms ISS and Glass Lewis support plan of arrangement between Scorpio Mining and U.S. Silver & Gold
http://www.newswire.ca/en/story/1461687/leading-independent-advisory-firms-iss-and-glass-lewis-support-plan-of-arrangement-between-scorpio-mining-and-u-s-silver-gold
Calling RBK "gold bug" is kind of exaggeration. He is just looking for the next gap on the chart (up or down). Besides, talking about "long shot", it's not that simple. "Yes" vote would mean that Swiss Central Bank had to stop supporting euro. Euro would go down, dollar would go up, gold price (in USD) would drop... Nothing has changed.
Was it on Friday? No. So, nothing has changed.
Just two points to consider:
1. Unlike Germany or Netherlands Switzerland basically doesn't keep any gold in USA. "Currently, the Swiss National Bank holds 70% of its gold and 20% is held with the Bank of England and 10% is held with the Bank of Canada." http://www.forbes.com/sites/kitconews/2014/10/27/switzerland-gold-referendum-a-healthy-conversation-ron-paul/
2. "Yes" vote would mean that Swiss National Bank should increase its gold reserves to 20%. This could be done in different ways: by buying more gold (which everybody expects they would do), or by selling part of Swiss currency reserve to bring the ratio of gold reserves to 20%, or both (most likely). If Switzerland starts selling its currency reserves than euro will crush, USD go up, and gold price drops.
I don't know who is selling (no insider reports yet), but there is a small arbitrage discrepancy between USA and SPM. So, anybody who wants to own combined company would rather buy USGIF at this point. And some people do see value in new Scorpio Mining, like this "deep value" analyst, for example. He thinks that AG (used to be my favorite miner, BTW) "could be a tax-loss candidate in the coming months as other companies such as Scorpio (OTCPK:SMNPF)/U.S. Silver & Gold (OTCQX:USGIF) are cheaper and doing a better job looking out for shareholder interests."
http://seekingalpha.com/article/2677155-update-first-majestic-silvers-q3-financials-were-extremely-disappointing
In general, Engelhards have more value. But I would rather buy ten generic 10 oz bars for the same or better price. They need to be mint sealed and offered by reputable seller. IMO.
Making Sense Of Scorpio Mining's Merger With U.S. Silver And Gold
http://seekingalpha.com/article/2673135-making-sense-of-scorpio-minings-merger-with-u-s-silver-and-gold?uprof=46
Actually, their products are quite beautiful (it's Sunshine Minting afterall) but hugely overpriced. For example, I saw a couple of 2 gram PMX bars sold at $80-85 on EBAY, and PMXO price is $125: http://pmxgoldstore.com/products/pmx-goldbar
I don't even mention Navy's PMX shipping experience.
I think one of the company's problems is that they started this business at the wrong time. The inventory was purchased at the top, and they have to keep unrealistic prices or... every sale will just add more losses to their balance sheet.
It's not really investing strategy (rather speculative trading approach), but which scenario has better chances (both for 100% return):
1. Combined Scorpio Mining stock goes from 0.29 (USGIF close) to 0.58. OR 2. HL goes from 2.32 to 4.64?
I like Hecla and have been in and out many times. But I would bet on scenario #1 if I had to...
Russian Central Bank Forced To Buy Domestic Gold
http://www.fxempire.com/news/commodities-news/russian-central-bank-forced-to-buy-domestic-gold/
"Physical demand has been supporting prices as of late. Russia’s central bank has been forced to step up its gold buying this year to absorb domestic production that Western sanctions are making it hard for miners to sell abroad, and to boost liquidity in its foreign reserves, sources said. Most Russian gold mine production is sold to domestic commercial banks, such as Sberbank or VTB, which can then sell the metal on to either the central bank or to foreign banks. This year, sources say, foreign banks are holding off buying Russian gold after Western powers implemented sanctions against the country over the Ukraine crisis. The central bank has therefore had no choice but take domestic mine production that cannot be sold to foreign banks, two sources said, and has bought most of the metal that commercial banks had available. With crude oil prices falling to recent lows, this has caused double stress on Russian economy and the value of the ruble. "
The next time someone asks you "Have you ever talked with Meris?" you can answer "Yes." Because you've just talked with her.
I was here too. Of course, I regret not selling all my shares when PPS popped up after Hecla offer. But I did sell some and have been buying back since about 0.6. As I said, 0.42 is average price. Averaging down is a normal way losers invest in falling knives.
At least USGIF will be saved from inevitable private placement with current low share price. Combined company will have enough cash for some time. Besides, "the combined management team will be led by Darren Blasutti, who "will assume the title of President and Chief Executive Officer and will draw from the expertise of both companies". I agree, last merger was a disaster for US Silver shareholders. But for our merger partner RX Gold (led by Blasutti) it was the way out of inevitable bankruptcy. So, hopefully Blasutti will take care of his shareholders again. I hold small USGIF position now (at 0.42 average) and feel kind of relief... without any reason.
http://www.stockhouse.com/companies/bullboard/t.usa/us-silver-gold-inc?postid=23109651
Scorpio Mining and U.S. Silver & Gold Announce Business Combination to Create a Well-Funded Junior Silver Producer
TORONTO, Nov. 7, 2014 /CNW/ - Scorpio Mining Corporation ("Scorpio Mining") (TSX: SPM) and U.S. Silver & Gold Inc. ("U.S. Silver & Gold") (TSX: USA) are pleased to announce that they have entered into a definitive agreement (the "Agreement") to complete a merger of equals that will combine their respective businesses (the "Transaction") to create a leading junior silver producer in the Americas.
The combined company will continue under the name of Scorpio Mining Corporation and is positioned to have a strong operating platform with two established producing mines, a third mine in development, an advanced stage exploration project, and pro forma net working capital of approximately C$40 million (including approximately C$21 million in cash)[1]. In addition, the combined company will be led by a highly experienced management team and Board of Directors that will focus on efficiently executing a combined business plan, further reducing costs and optimizing operations given current market conditions and evaluating accretive growth opportunities.
Under the terms of the Transaction, which will be effected by a statutory plan of arrangement, shareholders of U.S. Silver & Gold will receive 1.68 common shares of Scorpio Mining for each share of U.S. Silver & Gold held. Shareholders of Scorpio Mining will not have to exchange their shares of Scorpio Mining in the transaction. Upon completion of the Transaction, the combined company will have approximately 335 million common shares outstanding, of which former shareholders of Scorpio Mining will own approximately 59% and former shareholders of U.S. Silver & Gold will own 41%. The Transaction values the combined company at C$65 million on a basic basis.
http://www.newswire.ca/en/story/1442425/scorpio-mining-and-u-s-silver-gold-announce-business-combination-to-create-a-well-funded-junior-silver-producer