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And another, and another....
Another awesome day with the first close of many over 5.00, now many more institutions can buy in!
After making some great money on CDE back in 2016 I finally jumped back in on March 20th @ 3.05 with a full position. Missed selling the high of $5+, sat out the dip to 4.15, then road it back to 4.92 and sold all on 4/26 for 61% profit waiting to jump back in after FOMC rate decision and ER. Got back in on May 2nd @ 4.49 with a full position and rode it back to 4.88 today. Up 80% in less than 6 weeks, what a performer CDE is! Next catalyst to potentially jump back out is pre FOMC rate decision on June 12th, beyond that is pre Q2 ER if looking so-so. I haven't posted here in years, glad to see the board is active!
After a hard fought day gaining .0007, 1,100,000 shares dumped at the close, taking it right back down to .0047, who could have seen that coming.... whoopie!!!
When is the next puff PR/pump campaign scheduled for, the sheep wool is getting kind of long since the last sheering?
Nice buy volume on the us side today, seems the selling on both exchanges has slowed considerably.
IMHO after watching for many years, this company is very questionable????
Any thoughts on this?...."China announced 3 months ago they will be launching in February 2022 a gold backed digital currency for sure and possibly a basket of gold backed currencies which is now very probable with the financial and political events that have recently occurred....The day that occurs, gold will be repriced and I don't mean it will be rising only a few hundred dollars instantly ...What level does everyone think gold will go to if it is backing a currency that almost 2 billion people will be using because it won't just be China using it?"
DG, Here is an additional suspicion of mine:
Gold stocks at $1850 gold are priced and struggling just like they were 10 years ago while waiting for $1300 gold, this disconnect is BS! It's beginning to seem like the same bullion banks that regularly suppress gold, bought up 100's of millions of beat down miner shares (that they themselves beat down with their never ending paper gold suppression) at their decade lows and are repeatedly shorting the hell out of them against their manipulated gold price swings, rinse and repeat.
Gold stocks are all but dead in the water, have you seen the prices lately, it's as if we were all still waiting for $1300 gold, what a joke, and it has been for quite some time now. There is really nothing to talk or get excited about regarding PM miners on the long side, since any gains in this sector are only temporary before being wiped out again and again from manipulation of the stock or underlying asset. There is no general interest in this sector any longer, it's no longer a hedge against broader market declines, and miners are not part of most portfolios like they once were, so they are not missing much if they come to this sight anyways.
Just my 2 cents after more than 20 years of investing in PM miners.
They are trying to smack it down as we speak, and then we have Ol'yeller opening her pie hole later today.
It's really quite beyond belief that we have a sitting President who is mentally incompetent to discharge the office, 80 million votes my ass!
Gio, I thought this might interest you, really this should interest and scare everyone!
Did I REALLY Hear That?
I really did hear it the other day in his "presser", right?
That a "limited incursion" into Ukraine by the Russians would not lead to such-serious sanction?
Oh really?
Uh, exactly what is a limited incursion?
500 missiles targeting both men and material in Ukraine? You know, infrastructure, military sites, maybe a decapitation strike on the Capitol? That's not an "incursion" at all, you know; well... other than by missile of course.
I'm stunned to hear something like that out of a President. But not because of the language; rather the lack of decisiveness on what is and isn't any of our damned business.
Was not Ukraine formerly part of Russia?
Well, sort of. The western part of the nation sort of was and the entire thing was part of the Soviet Union. The communist parliament of the nation declared independence in 1991. Is that valid? If it is, and stands uncontested, then Texas could declare independence from the United States tomorrow by the very same mechanism as exactly the same sort of process brought both together in the first place.
Is this any of our business? Good question, and one that we should have a firm position on backed by the same exact firm position of every nation in Europe, which I remind you has a hell of a lot more at issue than we do when it comes to this matter.
Oh, that "backing" has to come with men, material and a commitment to act.
None of which is there and hasn't been for decades.
Maybe we ought to make up our minds before opening our mouths lest we set off something we then have to deal with.
Oh well -- too late now. That's what we both deserve and get when we have a doddering fool for a President, and we -- both the people and both Houses of Congress -- put him there. All 535 members of Congress have full joint and several responsibility if in fact they put in place a President who is mentally incompetent to discharge the office and as a result gets us nuked.
It just might.
https://market-ticker.org/akcs-www?post=244905
After today's action, you may have spoke too soon, or too late, depending on how you look at it.
Great song and performance...one of my favorite live videos!
Now What Joe?
Oh, inflation and the supply chain issues are just transitory eh?
Uh, not really.
Stress on the supply chain due to labor shortages has ultimately come to fruition, wiping out products from store shelves across the nation.
Reporters and other shoppers took out their frustration on Twitter by sharing photos of their local grocery stores and tagging #BareShelvesBiden, which began trending.
Uh, what did you expect after decades of offshoring and stretching supply chains across oceans?
You took the bet that nothing would ever happen either here or there that might cause trouble in exchange for higher stock prices since the entire point of doing it was to evade environmental laws, labor laws or both. The "here" is under our control; we can choose, for example, to tell all the histrionic screamers to go shove it and go to work or starve.
But we can't tell the Chinese to do that! We can't tell some foreign nation what to do; while we can ask that's the limit of it.
We've been taught this lesson many times; Arab Oil Embargo anyone?
I'm old enough to remember what that caused and the "fun" that we inflicted on ourselves because we were stupid. Are you?
We didn't learn the lesson even though it was taught, did we? Rather than take to heart all the pain that time dished up we instead decided to make it even worse by putting basically everything in someone else's basket, starting with every little chip and discrete component necessary to build, well, anything with an electronic element to it, which today is basically everything.
Oh, you'd like a microwave without an electronic timer? Or a mechanical timer on a washing machine or dryer?
They don't exist.
Instead there are a whole plethora of little chips and discrete components on a board that does this for you which is all fine and well provided you can get all of them. If even one is unavailable..... oops.
Yeah, that was stupid.
It was stupid the last time too.
Do you think we're going to learn from it this time?
https://market-ticker.org/akcs-www?post=244785
Well now, they can't allow that, can they....
Gio, so it's not a conspiracy /sarc, great video!
I'm afraid its true JD, these banksters have and can weasel out of anything.
https://www.bis.org/press/p200327.htm
Thanks starboy, he will be sorely missed :(
Yep, I was being conservative, could very easily be that high, and that is just JPM. With no transparency or accountability we will never know.
Yep, and JPM probably stole 120M or more, what an ongoing cash cow for the regulators this is, precisely why they really don't want to put an end to it! This is nothing but a pay-to-play arrangement.
November Gold Pump and Dump Exposed in Layman's Terms
Additionally, I think these same perps are strategically pumping and dumping PM miners as well, keeping the whole sector suppressed. IMO this is precisely why most PM miners are doing no better than they were at $1,300 gold.
Another COMEX Gold Price Smash
BY SPROTT MONEY
WEDNESDAY, NOV 24, 2021 - 6:00
Another COMEX Gold Price Smash
Written by Craig Hemke, Sprott Money News
November 20, 2021
In another incident of deja vu, gold investors everywhere have seen their spirits crushed this week in the same old tired manner The Bullion Banks have employed for decades.
I could write about all of this again but I've done it so many times now that, frankly, I'm exhausted. I just wrote about this three weeks ago and I don't have the energy today to do it again.
The Fed's QE Taper Schedule and COMEX Gold
In short, during periods of "speculator" demand for COMEX gold exposure, the market-making Bullion Banks create new contracts in order to dilute the overall supply and mitigate the price rise that basic economics predicts would follow from increasing demand. As soon as that speculator demand is exhausted, The Banks utilize any price weakness to exacerbate the selloff and panic those very same speculators into selling. As speculators sell, The Banks buy back and cover their ill-gotten shorts, total open interest declines and the entire process is reversed.
In this most recent event, the price of Comex gold rose $115 or 6.5% over the two week period of November 3-17, 2021. To dilute this spike in speculator demand, The Banks created and added 112,799 Comex gold contracts to the available open interest. This amounts to 11,279,900 digital/pretend ounces or about 351 METRIC TONNES!
Now that price has been managed lower over the past few days, open interest is receding and it has already fallen back by nearly 40,000 contracts as of Monday, November 22. Wash, rinse, repeat.
Rather than me type further on this, I think I'll turn over the rest of this week's article to a member of my TF Metals Report site. One of the fantastic elements of TFMR is the diverse, global nature of the membership base and this summary was written by one of our subscribers in The Netherlands. Is he logical in his conclusions? I'll leave that up to you to decide. However, he sources all of his market data from the CME Group's own website so that part of his post should be irrefutable.
Please take a few minutes to read on and fully consider how "Ira" has detailed the mechanics of this latest Bank price manipulation effort. He titled it: "We Just Witnessed A Gigantic Pump-and-Dump".
I was puzzled by a series of transactions on COMEX between 5 and 11 November. During 5 consecutive days, each day an extremely high volume of gold future contracts was traded via TAS. TAS is a channel via which traders can buy or sell contracts at settlement price. The volume of TAS trades exploded to a total of 172.254 in just 5 days or 160.000 above normal. For perspective on this gigantic volume: when this series of trades started, open interest was 511.333 contracts. These trades amounted to 31% of all open interest on November 4th. The position limit in Gold futures are a fraction of this: 16.500 contracts (varies with OI). At least 10 entities would have been needed on either side of these trades to stay within CFTC’s position limits, and only parties without any existing position. The CFTC’s Bank Participation Report stated that on November 2nd, 5 US Banks on average held a short position of 6,746 contracts. It is safe to assume that NON-US bullion banks held similar positions. So each bank would have been able to sell a maximum of 10,000 future contracts, in which case 16 banks would be needed to supply a total of 160,000 contracts. This is nonsense of course, position limits have been violated big time in these transactions.
But who sold these contracts and who bought them? And why? Had a 30 Billion USD hedge fund whale entered the market? Was the Exchange Stabilisation Fund wagging its 254 Billion USD tail directly in the Gold futures market? Or were the Bullion Banks planning something nefarious again? During the past 3 days, all became clear.
The COT reports of 2 and 16 November state that in the intermittent time frame, i.e. while these TAS-trades were executed, open interest skyrocketed from 507,616 to 612,612 (+104.996). Large spec longs were up 49,438. Bank shorts were up 72,728.
Why?
Since September 29 the Gold futures price had risen $65 (from USD 1.726 to USD 1.791) in 5 weeks. On September 28, the Bullion Banks held a net short position of 190,000 futures contracts, a position that ran up to 240,000 in the weeks leading up to November 4th (on average in October: net short 215,000). As price rose during the month of October, they watched their position melt down: -1.4 Billion USD. With potential futures losses mounting rapidly as the market gained momentum, something had to be done.
How?
A cunning plan was devised. Hence the massive buildup of short positions via the TAS facility. It was ammunition for the bombardment that was to follow. TAS was used to not influence the trading price in the market, despite blowing up the Exchange Open Interest with 31% during the preparations . The build-up phase of the operation consisted of these transactions via TAS:
Nov/05 29,966
Nov/08 33,352
Nov/09 38,169
Nov/10 39,310
Nov/11 31,457
Meanwhile Gold’s price had risen to $1875 on November 16. It was beaten back hard and the $1870 level was capped aggressively in the following days. The banks had their plan and they had to prevent Gold from gaining any more momentum at all cost, to protect the effect of their upcoming 'operation'. They knew what was to follow.
Execution
On November 17 Banks started selling contracts and build up pressure on the market. Price started dropping. After 2 days they released their nuclear bombs: several salvos consisting of thousands of short contracts were dumped on the market in very short time, driving the Gold price all the way down to $1790 currently.
Result
How much did they gain by this massive ‘pump-and-dump’? Price dropped from $1873 to $1790 or USD 83. In the latest COT report of November 16 the banks held a net short position of 287,539 short contracts. Their gain from this operation was 2.2 Billion US Dollars.
During the build up phase of the operation (from 4 November to 11 November) price rose further from USD 1797 to USD 1873 or $76 and they lost an additional 1,8 Billion USD.
So a total loss of -1,4 Billion (Sept. 9 – Nov. 3) - 1,8 Billion (Nov. 4 – 16) or 3,2 Billion is dampened by clawing back 2,2 Billion USD and counting (Nov 17 to date).
That’s how you get your money back!
The above scheme could not have been conducted without massive violations of position limits. By using TAS, this time they left a footprint. I will file a complaint with the CFTC, I hope you do the same. Even if the effect will be zero, if we allow the above to happen without giving a peep, we deserve what we get.
My questions for the CFTC:
Which parties were involved with the below transactions in Gold Future contracts via TAS (data sourced form COMEX website):
Nov/05 29,966
Nov/08 33,352
Nov/09 38,169
Nov/10 39,310
Nov/11 31,457
Did any of theses parties violate position limits as stated on CFTC's website?
Were any of these parties involved in the:
a) capping of the Gold Future contract price at $ 1.870 in the days leading up to November 16
b) dumping of Gold Futures short contracts in the market between November 17 and 23.
"Ira" suggests that anyone interested in alerting the utterly-worthless and corrupted Commodity Futures Trading Commission about this matter should do so as soon as possible. If you'd like to do that, I'll conclude this week's article with the official CFTC listed below.
Thanks again for reading and for your willingness to continue fighting against The Bullion Banks and their fraudulent digital derivative and fractional reserve pricing scheme.
https://www.zerohedge.com/news/2021-11-23/another-comex-gold-price-smash
https://www.cftc.gov/Forms/tipsandcomplaints.html
cftc headquarters
Another COMEX Gold Price Smash
Written by Craig Hemke, Sprott Money News
Gold: Two Scenarios, Same Result
Written by David Brady, Sprott Money News
Ask The Expert - John Rubino - November 2021
Written by Craig Hemke, Sprott Money News
More Gold Price Manipulation New
Written by Craig Hemke, Sprott Money News
Here ya go JD, another M+M week in the books, where is the bump in PM's for yet another 2 Trillion in fiat about to be unleashed upon us? Instead they do the opposite, almost as if tbtb are knocking it down ahead of time to limit the upside potential, nah couldn't be...
Yes it was JD, I thought you might appreciate this one...
Karora Reports Strong Third Quarter Results Positioning The Company For A Record Year
Maybe the mm's are losing control and will let it run this time...at $5 more institutional buyers can move in.
https://www.karoraresources.com/2021-11-08-Karora-Reports-Strong-Third-Quarter-Results-Positioning-the-Company-for-a-Record-Year
Yup, at a minimum, moar fed jawboning.
And nickel...Producer Karora Resources (krrgf) in Australia has boatloads of gold and high grade nickel.
What the article failed to mention is that they are now leaving in droves across the country due to doddering dementia joe's unnecessary unconstitutional vax mandates.
Fully Vaccinated Former SecState Colin Powell Dies From COVID Complications
That’ll screw up the MSM narrative. Easy to ignore Joe SixPack dying. Not so easy to ignore someone like a fully jabbed Powell dying from the very disease he’s been fully jabbed against. According to VAERS, with the COVID Vaccine, we’ve had 16,766 deaths in 10 months administering this vaccine.
Senator Johnson is one of the few lawmakers openly speaking out on the historic dangers of the COVID vaccines.
On Sunday Sen. Johnson had this to say on the mandates, “The mandates are pointless. Now that we know that fully vaccinated individuals are getting infected, they can transmit the disease. Unfortunately, they are being hospitalized, they’re getting seriously ill, they’re dying. There’s no point to the mandate, whatsoever.“
On the dangers of the vaccines, Senator Johnson added, “They’re completely ignoring the vaccine injuries. And Maria, people really need to understand this because it’s not being reported. It’s being suppressed. But over 25 years with the flu vaccine there were a little less than 1,700 deaths reported on the Vaccine Adverse Reporting System (VAERS). That’s CDC’s early surveillance security system… With the COVID Vaccine, we’ve had 16,766 deaths in 10 months administering this vaccine.”
MONDAY, OCT 18, 2021 - 08:10 AM
Colin Powell, the first Black US secretary of state , has died from complications from COVID-19, his family said on Facebook.
“General Colin L. Powell, former U.S. Secretary of State and Chairman of the Joint Chiefs of Staff, passed away this morning due to complications from COVID-19,” read a statement posted to his official Facebook page.
“He was fully vaccinated. We want to thank the medical staff at Walter Reed National Medical Center for their caring treatment. We have lost a remarkable and loving husband, father, grandfather and a great American.”
Powell's leadership in several Republican administrations helped shape American foreign policy in the last years of the 20th century and the early years of the 21st.
As CNN reports, his national popularity soared in the aftermath of the US-led coalition victory during the Gulf War, and for a time in the mid-90s, he was considered a leading contender to become the first Black President of the United States. But his reputation would be forever stained when, as George W. Bush's first secretary of state, he pushed faulty intelligence before the United Nations to advocate for the Iraq War, which he would later call a "blot" on his record.
He was 84.
I'll believe it when I see it, these phucks never answer for anything...BOTH sides of the isle!
Democrat's projecting AGAIN, complete leftist drivel.
The difference being, the clowns shouting "vote Trump out" are nothing but lemmings, unable to critically think, mindlessly following the mainstream/bigtech media's liberally biased, hateful, fake, narrative of lies and distortions.
"Phuck joe biden" chant goes global...
https://www.thegatewaypundit.com/2021/10/fk-joe-biden-goes-global-protesters-rome-chant-fk-joe-biden-pass-us-embassy-video/
Quote of the week....
-- In life, it's important to know when to stop arguing with people and simply let them be wrong --
Great Karl Denninger interview linking current supply chain disruption to inflation, caused by 18 months of mandates, lock downs, paying people not to work, government picking and choosing what companies are essential and an extra 6 trillion in free money floating around.
https://market-ticker.org/akcs-www?post=243848
Exactly! I've been saying for a long time that BOTH sides of the isle are dirty and guilty of running this nation into the ground....it is us vs them! They are continually trying to divide us (the latest division tactic being vaxxed vs unvaxxed) while they remain united in raiding the nation. Their mantra is; united they stand, divided we fall, and the mainstream/big tech media is their willing accomplice.
Yep, I fear this winter is going to be brutal for a lot of uninformed willfully ignorant folks.
The economy is already in the shitter, it's just being masked over with fake data and hidden buy the fake media shills.
All the proof in the world and nothing will come of it, the rule of law will not be upheld, nothing but kabuki theater, on to the next distraction.