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ADNT is next GORO type play see chart in 2009 , juniour otc co GORO got listed on amex and never looked back from $5 to $25 . With 5,3M in the float ardent will fly once co starts drilling prougram
ADNT is next GORO type play see chart in 2009 , juniour otc co GORO got listed on amex and never looked back from $5 to $25 . With 5,3M in the float ardent will fly once co starts drilling prougram
Pigs canNOT fly forewer ! stock is getting knifed on better results RUNNNN if you have not learned yet: bulls make money , bears make money and PIGS get slottered on open
Bernanke & Gold good read
compliments from Zero Hedge ..
Bernanke Employs a Modified 'Pump and Dump'
Gold is not money, according to Federal Reserve Chairman Bernanke. When pressed on the subject, he demurred that banks, including, I presume, central banks, continue to hold gold due to nothing more than "tradition". Thus, he feels there is a vast difference between dollars and gold. It is curious word for him to choose because Mr. Bernanke is actually correct, but probably not in the way he intended with his unspoken pejorative connotation, politely dismissing any value for the precious metal.
Value itself is nothing more than the outward expression of individual faith. The traditional value of money is really just an outgrowth of its historical reputation, earned through so many actions and consequences. Money may seem to add a level of objectivity into the discussion of value, but that is only because of a more universal "faith" in the transactional price discovery process it allows.
This discussion of "tradition" in the context of "value" is the central problem of our financial age. The question of faith in valuations is at the very heart of the ongoing crisis, infecting all facets of finance and economics. Almost three years after a major banking panic, we are still wrestling with the idea of valuations, and more innately, value itself. Economic and financial unease and uncertainty trace their roots to the shaky valuations that have been provided or interjected into every marketplace, keeping up with the grand tradition of fiat currencies and centralized policy.
For example, U.S. treasuries are supposed to be, pardon the pun, the gold standard of riskless assets. Yet they are increasingly questioned (ask Bill Gross and China). The value of the paper is a derivative function of the ability to tax, as in full faith and credit of the United States. But the same is also true of Greek paper, as sovereign Greek debt derives its value from the Greek government's ability to tax. Yet U.S. debt is more "valuable", in money terms, than Greek debt solely because the Greeks have a "tradition" of default while the U.S. does not. Tradition matters.
By engaging in quantitative easing, the Fed is creating cash for primary dealers that, it hopes, will be used to fund the purchases of "riskier" assets. But those additional purchases only push up the momentary price of the asset, so this flow needs to be ongoing otherwise it is supremely susceptible to reversal. This means a constant state of interference. After establishing such a flow and the follow-on "favorable" price trend, the ensuing faith that higher prices are supposed to generate is thought to lead directly to spending "velocity", which yields economic flow and a healthy economy. That is the theory of the "wealth effect". It is being practiced on both sides of the Atlantic with equal fervor, though with slightly different mechanics.
If prices are the independent variable in the economic equation, that is, the x-factor that needs to be manipulated, then why not just remove the marketplace and mandate specific valuations? Why go through the charade of "managing" a market-based price discovery process? Greece would not need restructuring if the European Central Bank simply decreed that it would convert all Greek debt at par, setting the universal price. After all, Greek principal and interest payments are denominated in euros, so the ECB can easily supply them.
The answer here is that value in any human economic system cannot be directed by diktat or fiat order. If it could, central banks would have done it by now. Instead, value is conferred by scarcity . In engaging in market manipulations to create the appearance of monetary values for financial and derivative financial assets, central banks have turned value on its head by making money plentiful. Plentiful money has always been problematic.
Anyone with the means, and that includes those that hold the power of money printing, can pay $1 million for a stick of gum, but that only establishes a price, not a wider acceptance of value. But that is what central bank intervention is, the establishment of price in a narrow way. Greek debt scarcity and its attendant real value are governed by the perceived ability to repay, a direct link to the quantity of debt for a given tax base. If the market perceives a stable or declining tax base but the Greeks issue twice as much debt at a consistent price, the level of scarcity falls in relation to repayment probabilities, affecting the larger question of value.
It does not matter if the ECB buys a substantial portion at par; the larger system is not fooled into blindly believing in scarcity, or that price action equals true value. The marketplace will instead buy on the foolishness and irresponsibility of the central bank, buying up all Greek debt solely on the ability to pawn it off on taxpayers at an unearned profit. But even here, it only works as far as faith in the ECB and the euro is maintained, since value has not really changed. The central bank interference is nothing more than a game of musical chairs, with risk investors willing to play as long as they believe the music will keep playing. The second the music stops, that entire intervention and managed price discovery becomes irrelevant as the assets suddenly become bidless.
This is the essence of central bank liquidity management: ensuring that marketplace actors have enough money to prop up prices. But all that liquidity fails if there is no implicit, sometimes explicit, backstop of central bank guarantees. Moral hazard is fully acceptable because without it many more markets will find themselves bidless. This is the opposite of what investing is supposed to be - buying assets with the hope that the rest of the world never finds out what they are truly worth.
In fact, successful investment is predicated on buying something valuable before the wider world recognizes that value, with the greatest hope that the rest of the world will see that value. Investment scams work because they get a small audience to believe that they are discovering something valuable just before the rest of the world makes the same realization, meaning the subject of the scam is presented as undervalued by current prices.
In a way, central banks are engaged in nothing more than a modified "pump and dump". They are attempting to create the illusion of value through price action. By maintaining high valuations due almost solely to their own purchases, they hope to "attract" additional investors into the process. Whereas the exit plan of the traditional version seeks a higher price to disgorge the schemer's original holdings, the legal, central bank version is trying to buy public faith in order to disgorge a larger acceptance of a return to normalcy. In both cases, the public gets abused - suckered investors in the first, taxpayers in the second.
Contrary to Chairman Bernanke's meaning, in this vital respect tradition and reputation are far more important, not less. The more central banks fool investors into placing money into investments of ill repute through these legal confidence schemes, the less faith about the wider marketplace they will engender. There is already considerable damage to reputation after the great pains the ECB took in 2010 to repeatedly assure investors that Greek, Portuguese, Irish, Spanish, and Italian debt were safe and secure. Any investors that committed to purchasing such debt as a result of these assurances have fallen prey in the same way stock investors are taken in by illegal "pump and dump" schemes.
Considering the potential losses that the ECB, now heavily assisted by China, continues to create as all the PIIGS persist in issuing billions of euros in new debt, central banks are building on their own tradition of dishonor. Now the debate is about what kind of default should be employed by Greece; essentially who should be identified as the Greatest Fool.
The Federal Reserve, for its part, has added to its own fine tradition. Before the crisis, the Fed used much of its credibility to "assure" markets that everything was fine, right up and into a full-blown panic. After the panic, the Fed lost still more credibility on assurances of monetary efficacy with regard to the recovery, yet no recovery exists. It proclaims a job well done in "saving" millions of jobs, to the amazement of any impartial observer.
Trillions of dollars have been used on price discovery, especially in the stock market, but 45 million people continue on food stamps and the average duration of unemployment is now twice the previous record. Banks are enjoying healthy profitability, assisted by loan loss accounting, at the same time withholding credit from all but the largest obligors. Individual American savers who are doing everything right are bearing the brunt of all this monetary success, as zero interest rates transfer money from them to the very banks that colluded in creating this disaster in the first place.
Those that have the means will always dilute currencies. It is the greatest temptation of any fiat regime - the easy answer to all the hard problems. No one has to lose money if it can be created out of nothing. It sounds like the path to financial and economic paradise but it is the devil's bargain. No matter how much money they print, it will never be circulated fairly enough.
Market discipline, no matter how brutal, is at least objective and often meritorious, an acceptable condition to free people - free to succeed, free to fail, all regardless of size or stature. General interference, including fiscal interjections such as General Motors and Chrysler, breeds distrust. Fiat is simply an invitation to chaos and discord, so three years of ongoing uncertainty is wholly unsurprising. Price discovery due to interference is not really price discovery at all, meaning the larger class of investors will never fully commit or regain faith. If the game is rigged, fewer and fewer will play.
The interbank money markets are now, invisible to the broader public, tightly in the grips of amplifying turmoil because banks simply do not believe in each other's prices. Banking rules allow German and French banks, among others, to hold PIIGS debt at par on their books, establishing a price for their credit portfolios that no one actually believes (the very same problem as 2008, so much for progress).
Instead of transforming these artificial prices into increased faith within the intercontinental banking system, especially the eurodollar market, they have unleashed nothing but havoc. The mass of overnight lending activity has shifted out of unsecured transactions into collateralized loans whereby U.S. treasury bills are now the only accepted collateral - fewer and fewer institutions are willing to play the unsecured lending game. So we see the general collateral rate, for the first time in history, fall below zero. Inspiring confidence is not how I would describe this action.
For Mr. Bernanke and his contemporaries, gold's traditional value is not in question, which is probably what Congressman Paul's query was driving at. Rather, it was the value of fiat in light of its well-earned and sordid reputation that was being indirectly questioned.
Ironically, it is the ongoing tradition of central bank intervention and currency devaluation that is shining the brightest light on gold's intrinsic value. You may not be able to eat gold, but it is a constant reminder of the constraints that it places, even in our modern times, on central bankers - earning their scorn and pejorative dismissal. There is a reason that Americans' private gold holdings were confiscated by executive decree in 1933; they offered actual protection against the currency devaluation that was being planned. Gold is the foil, the opt-out, of every central bank confidence scheme.
Central banks are betting the financial health of their constituents on the theory that they can buy prosperity. Just like the eccentric art collector that vastly overpays for some obscure artist's original work, the Fed and its global counterparts are hoping that the rest of the world comes to see what they see, to value what they have valued. They are hoping that the prices they establish through narrow transactions become universally accepted as true value. If not, then the central banks will once again transfer to the rest of us the cost of eating their art.
Starting in May, Utah residents will be able to shop in a currency other than the dollar – gold, something that hasn’t happened since 1933.
Utah became the first U.S. state last month to recognize gold and silver coins minted by the federal government as legal tender. More than a dozen other states are considering similar measures, and are expected to follow Utah’s example. The move, proponents say, is caused by declining faith in the U.S. monetary system and concern about rising inflation.
The gold standard, a monetary system in which the dollar is valued against a certain weight of gold, lasted until the Great Depression, when the Federal Reserve confiscated gold held by the public. President Nixon abolished the conversion of dollars to gold at a fixed rate in 1971.
It doesn’t literally mean people would pull out gold coins at the cash register. Instead, the Federal Reserve would be required by law to make their notes redeemable for gold and hold gold coins and bullion as reserves. The printing of U.S. dollars would also be weighed against the value of gold.
Proponents of the system argue that implementing a gold standard in the United States would lower the risk of the continuing fiscal crisis. The move by Utah, they say, sends a message to the federal government that states have more fear and little confidence in the U.S. monetary system.
It also limits the role of the central government in directing monetary policy, and would take away some powers from the Federal Reserve, though proponents argue that’s the basic premise of the system.
But as the Tea Party, with its push to return to Constitutional values and cut spending, gains clout, and states consider bills like those in Utah, the issue is likely to once again find its way into the spotlight.
Steve Forbes: "The US Will Likely Have A Gold Standard Within The Next Five Years"
Zero Hedge ^ | 05/11/2011 | Tyler Durden
Posted on 11 May 2011 18:42:31 by SeekAndFind
And another advocate for the only logical outcome out of the disastrous monetary and fiscal catastrophe the US finds itself in emerges in the face of billionaire, and open administration critic, Steve Forbes. From Human Events: "A return to the gold standard by the United States within the next five years now seems likely, because that move would help the nation solve a variety of economic, fiscal, and monetary ills. “What seems astonishing today could become conventional wisdom in a short period of time,” Forbes said. Such a move would help to stabilize the value of the dollar, restore confidence among foreign investors in U.S. government bonds, and discourage reckless federal spending, the media mogul and former presidential candidate said. The United States used gold as the basis for valuing the U.S. dollar successfully for roughly 180 years before President Richard Nixon embarked upon an experiment to end the practice in the 1970s that has contributed to a number of woes that the country is suffering from now, Forbes added." Of course, for this to happen the US would first need to allow a full public audit of its gold 8,000+ ton reserves held at Fort Knox and elsewhere. And that may be problematic.
More from the article:
If the gold standard had been in place in recent years, the value of the U.S. dollar would not have weakened as it has and excessive federal spending would have been curbed, Forbes told HUMAN EVENTS. The constantly changing value of the U.S. dollar leads to marketplace uncertainty and consequently spurs speculation in commodity investing as a hedge against inflation.
The only probable 2012 U.S. presidential candidate who has championed a return to the gold standard so far is Rep. Ron Paul (R.-Tex.). But the idea “makes too much sense” not to gain popularity as the U.S. economy struggles to create jobs, recover from a housing bubble induced by the Federal Reserve’s easy-money policies, stop rising gasoline prices, and restore fiscal responsibility to U.S. government’s budget, Forbes insisted.
With a stable currency, it is “much harder” for governments to borrow excessively, Forbes said. Without lax Federal Reserve System monetary policies that led to the printing of too much money, the housing bubble would not have been nearly as severe, he added.
“When it comes to exchange rates and monetary policy, people often don’t grasp” what is at stake for the economy, Forbes said. By restoring the gold standard, the United States would shift away from “less responsible policies” and toward a stronger dollar and a stronger America, he said. “If the dollar was as good as gold, other countries would want to buy it.”
An encouraging sign for Forbes is that key lawmakers besides Rep. Paul are recognizing that the Fed is straying well beyond its intended role of promoting stable prices and full employment with its monetary policies.
And speaking of Ron Paul, today the Subcommittee chairman will hold a 10 am EDT hearing on "Monetary Policy and the Debt Ceiling", which we hope to broadcast live, as it should further reinforce the logic of all those who are calling for the overthrow of the central bank cartel.
Thank You for link to new presentation . Ardent Mines made impressive prougress in the last two month creating early opportunity in development o major , premier gold projects in brazil . I have reaserched more about this company on goog search and it comes up first : investing brazil gold
thier board of directors got ex minister of mines of brazil involved
40,000 meters of drilling going to be done on Gold Hills . read between the lines - Huge GOLD MINe . Open pit type . This is massive 13km in size !!! i read the whole report onwww.ardentmines.com site
i certainly will follow this , i looked in objectively unde th hood and saw nothing but smoking mirrors and announcements that are not worth the paper they are printed on . tell me how much cash PSPW have today? answer is $0! all of this trapped longs will never admit and take loss - they will buy more nad loose 100% of their investment .
yes this is true but where is financials ? i think co gong to pinks in days like other FOUR(E) rudana play .. do your DD .. I was here for long time and good time and now i think it is over . Longs trapped into dead zombie stock
I did detailed DD. Nothing of substance just blah blah and wind blowing crew on board . Show me one dollar of value on financials ? all announced but 0 of value . gone !
no lows on this one ! 0 = 0 read the fillings . PINKS FOR THE DINKS! ayn real investor will get alerted when c is late on fillings also their treasury is empty , proove me other ? see the chart BYBY
people that payed $2,20 for $0 will loose all of their investment capital . They avarage and get killed by pump and none sense
the AV of this co is less then 0 . show me financials and proove other? 0 cash and default under loan obligations
Are we going to PINKS? when is seawind financials filed under US GAAP? looks like co issued shares but no financials , we can get delisted from OTC board in days .. please answer reall DD only no PUMPING on stories this is over
Great News on Brazil , volume light and price crossed $5+
http://www.24hgold.com/english/pressrelease.aspx?id=11143638E6680&market=ADNT.OB
Look at chart, close to break out on daily: http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Stock&symb=adnt&time=8&startdate=1%2F4%2F1999&enddate=5%2F4%2F2011&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=8&lf=1&lf2=4&lf3=1&type=2&style=320&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=10&x=52&y=18
Ardent silver mine in Peru, silver to go higher
http://gold-silver-market.blogspot.com/2011/04/billionaire-investor-jim-rogers-says.html
ARDENT MINES LTD. DD Page found on the net
http://ardentgoldsilvermines.wall-street-stocks.com/
$10 target on stock by some group called www.sism.com
http://www.sism.com/Ardent%20Mines%20Ltd%20Research%20Report%20April%2011,%202011.pdf
Indeed . Nice long on pull back at 0,50 to 0,66 - 0,75 next target . Will go back in for some shares on open
Long&Strong: Looks like company moving fast and signed big deals . What I would like to see if they get funded ? Looks like founded in 2000 and minning co
Ardent Mines Limited a corporation involved in the Exploration and Development of Gold Mining resources. They are listed on the NASDAQ OTC BB stock exchange under : ADNT.OB / website : www.ardentmines.com
They have executed agreements to acquire and develop properties with very high potential in Brazil, Peru and Tanzania. Their commitment is to develop gold and silver mines around the world, with maximum care for the environment.
Ardent Mines has assembled an extraordinary Board of Directors and experienced Management.
Hmm .. Why chapter if you have 5B to go around with to Albania . Swiss Alps way safer bet !
Cash is King indeed! Super momentum play on PSPW with great pipeline and deal flow . PSPW is on my watch list and I am tempted to buy on nice pull back . Would love to see NAV per share improve in next 10K .
I did read all . Rudana running the show 100% till now but seems like principals stay in the dark and CEO left . If you can post CVs of Rudana executiives and their last 5 deals?
Who is Hany Salem? He is not listed on Forbs list and annunced 5B deal
Can Anyone post his CV for everyone to see ?
What is Rudana ? Dos he have any connection to Rotana ?
Thx for quick responce . Usually good CEO stay with the winners and buy more shares in the company they run . heer captain left the ship and we hope new and better guys can run it better
pspw balance sheet sucks and new team have to plug the holes asap
pull back is 25% of the top and now we should climb up toward 0,70c unless sharp vlume reversal comes and wee see 0,25c before we see 0,70c .. chart sure looks good and big improove last month
Does anyone know why CEO resigned ? is there something we should know? seems strange as he was acting CEO for last 3 years
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7808543
8-k out looks like done deal next we know its out of Q?
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7808543
8-k out looks like done deal next we know its out of Q?
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7808543
deal is done asset sale aprooved
it is more ike 3,500,000 as rancher repaid loan and will be out of BK
ADNT is not RTO play , if you check the filings minning co was founded in 2000 and trades under same symbol and name .
500% move and looks like sellers at 0.07-0,10c now . If co comes out of BK and announces new plan this is 0,20c stock http://www.otcmarkets.com/stock/RNCHQ/quote
120M shares issued and all float in Rancher , looks like will there big buyers and sellers
99,9% of sub penny stocks never recover to $1 . So your odds 0,01% here .. You can win 1000% or loose 100% of your money here . What do you choose?
Big cats in ADNT play strong chart in the last 6 month:
http://www.ardentmines.com/management.html
Leonardo Riera
President and CEO, Director, Mr. Riera is a Senior Investment Banker and Management Consultant with extensive experience in Private Equity and Mergers & Acquisitions. He was Country Head and Executive Vice President with Bankers Trust Company, Head of a Latin American regional M&A unit at Citicorp Investment Bank, and a Consultant with McKinsey & Co. Mr. Riera has closed dozens of transactions over his 26-year career, including transactions involving publicly traded companies. Recently, he was a Director of Credit and Asset Structuring for a $2.1 Billion Emerging Markets Fund, where he oversaw investments in more than 20 emerging nations. Mr. Riera has served in the Board of several manufacturing companies, and was a Professor of Finance and Project Appraisals at Universidad Metropolitana for 10 years. Mr. Riera was elected three times President of the International Banking Association of Venezuela, and was elected to the House of the Congress of Venezuela in 1998, where he also served as a Member of the prestigious Finance Commission of the House. He holds a B.S. in Economics from Universidad Catolica Andres Bello, and an MBA from the Wharton School of the University of Pennsylvania.