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Same Reddit group that squeezed GameStop decided silver was ripe for squeezing.
Hope you made a fortune! I haven’t been able to follow the market at all lately. It seems that currently some real Ching could be made in toilet paper, however. ??????
What do you think about FRMC?
New filing:
https://www.otcmarkets.com/filing/html?id=13651871&guid=bCLfU6uprzaOG3h
Possibly what may be in play here is a Custodianship play? From nosing around a little bit, apparently Richard Tang acquires a shell in this manner, cleans them up, and sells them for a reverse merger.
FYI-What is a Custodianship?
There are literally thousands of penny stocks that are publicly traded. It isn’t uncommon for some of those stocks to get abandoned by their control people for a variety of different reasons. When a publicly traded company gets abandoned it doesn’t just stop publicly trading. The abandoned shell will continue to trade until the day that the SEC files an administrative order to revoke the Issuers registration (for SEC filers) or until FINRA deletes the symbol (for non-SEC filers). That can often mean years of trading as nothing but a zombie ticker.
As abandoned shells, the public Issuers will fall behind with their business license at the state level (since nobody is around to pay the annual fees due to the Secretary of State). When two years pass without an entity paying its business taxes at the state level, the entity becomes revoked. This opens the door for control of the public Issuer to be taken over by an interested party (a shareholder or debt holder for example) through a custodianship petition.
https://otcmarketresearch.com/understanding-custodianship-plays/
I saw it in CNBC first, but ABC had more amazing pictures. I thought I read in one of the stories said that bids were coming in to buy out this nickel miner? I have no powder to throw in the game, but I do need to start reading more so I can come back to making plays as they come available.
http://www.abc.net.au/news/2018-09-10/rich-gold-seam-half-a-kilometre-deep-in-kambalda/10219576
Was just about to post this...lol.
"He who controls the media"...
Buying a media outlet has been the road that many a billionaire has traveled down in their attempts to control the world. Twitter and Facebook have been the most cost effective way for Trump to get his message out, with the billionaire club running the mass media outlets (including Twitter and FB) calling "foul" and "fake news", as they attempt to circumvent the Trump train from hijacking their platforms to get his message out.
Question: should foreign owned media outlets be granted first amendment rights?
Question: was media bias evident in this last election cycle?
Question: were you able to see the media bias solely on a partisan basis, or were you able to see the elite globalists vs outcast non-globalists scheme? (Non-globalist aka America first. Once you see this scheme, and know the billionaire alliance behind it, it's not so hard to see the media bias in every story.)
http://www.forbes.com/sites/katevinton/2016/06/01/these-15-billionaires-own-americas-news-media-companies/#60a97d1530b4
Bullish? It all depends on where the hostilities target, and how expansive they become. A single oil tanker destroyed in the Red Sea would sky rocket oil. A blowup of hostilities between Russia and US will sky rocket oil and gold, IMO.
A new threat from Yemen Houthi's under direct Iranian command has emerged to the Red Sea shipping lanes:
First Iranian-Yemeni missile attack on US flotilla
DEBKAfile Exclusive Analysis October 12, 2016, 7:07 PM (GMT+02:00)
Contrary to Tehran’s assurance to Washington in August that Iranian arms supplies to Yemeni Houthi rebels had been suspended, the rebels took delivery last week of the largest consignment of Iranian weapons to date.
According to debkafile’s military sources, the shipment included highly sophisticated Scud D surface-to-surface missiles with a range of 800km; and C-802 anti-ship missiles (an upgraded version of the Chinese YJ-8 NATO-named CSS-N-8 and renamed by Iran Saccade).
They came with Iranian Revolutionary Guards officers and radar systems to fine-tune the targeting of these missiles by Iran’s Yemeni proxies.
The Scuds were given to the Houthi forces fighting in northern Yemen on the Saudi border, while the C-802s were delivered to the Houthis’ Ansar Allah faction, which is under direct Iranian Rev Guards command.
The missiles were posted at special launch bases constructed by Iran outside Yemen’s two principal Red Sea ports of Mokha and Hudaydah.
Since no more than 62km of Red Sea water divides the Saudi and African coasts, the Iranian missiles are well able to block shipping and tanker traffic plying to and from the Gulf of Suez and the Persian Gulf. Therefore, the threat of blockade hangs imminently over one-third of Saudi and Gulf Emirate oil exports.
The same threat hangs over Israeli civilian and naval shipping from its southern port of Eilat through the Gulf of Aden and out to the Indian Ocean.
One of the most troubling aspects of this pivotal new menace to an international waterway was that US, Saudi, Egyptian and Israeli intelligence agencies missed the huge consignment of Iranian missiles as it headed towards Yemen. Neither did they pick up on the construction by Iranian military engineers of three ballistic missile bases – one facing Saudi Arabia and two Red Sea traffic.
Tehran’s Yemeni proxies moreover landed large-scale military strength on Perim island in the mouth of the Bab al-Mandeb strait, the chokepoint for ingress and egress from the Red Sea.
Since the strait is just 20km wide, control of this island empowers this force to regulate shipping movements through this strategic strait.
Tehran wasted no time after all its assets were in place to begin using them:
1. On Oct. 1, Iran’s Houthi surrogates launched C-8-1 missiles against a United Arab Emirates transport HSV-2 Swift logistics catamaran as it was about to pass through the strait. The ship, on lease from the US Navy, was badly damaged. No information was released about casualties.
debkafile’s military and intelligence sources discerned that the aim of this attack was to choke off the movements of UAE warships from the southern Yemeni port of Aden, where large Emirate and Saudi forces are concentrated, to the Eritrean port of Assab, where the UAE has established a large naval base.
This attack did finally evoke a US response. The guided missile destroyers, USS Mason and USS Nitze, were dispatched to the Red Sea, along with the USS Ponce afloat forward staging base, to patrol the strait opposite the Yemeni coast
2. This did not deter Tehran or its Yemeni pawns: On Oct. 9, they fired an additional barrage of C-802 at the American flotilla, which according to a US spokesman, missed aim.
The Mason hit back with two Standard Missile-2s and a single Enhanced Sea Sparrow Missile.
There has been no official word about whether these weapons destroyed a Yemeni launching site. But the event itself was a landmark as the first direct Iranian-Houthi attack of its kind on an American naval vessel.
3. That same day, the Houthis fired Scud-D missiles at the Saudi town of Ta’if, 700 km from the Yemeni border and only 70km from the Muslim shrine city Mecca. This was meant as a direct assault on the Saudi royal house and its claim to legitimacy, by virtue of its role as Guardian of the Holy Places of Islam.
In America’s heated presidential campaign, the Democratic contender Hillary Clinton boasts repeatedly that as Secretary of State she helped “put the lid on Iran’s nuclear program without firing a single shot.”
That is factually true. America did not fire a single shot. Iran did the shooting and still does, constantly upgrading its arsenal with sophisticated ballistic missiles.
Looks like a little opportunity kind of day to me...lol...what do you think, settle in around low 60's next week before a little pull back end of week?
Do you ever think that when the rig count does go up an actual significant amount, that THAT could actually indicate a solidly good, bullish trend is beginning?
Police unable to say how employee allegedly smuggled gold out of mint until they found Vaseline in his locker
http://www.nationalpost.com/m/wp/news/canada/blog.html?b=news.nationalpost.com/news/canada/police-unable-to-say-how-employee-allegedly-smuggled-gold-out-of-mint-until-they-found-vaseline-in-his-locker
OTTAWA — An employee of the Royal Canadian Mint allegedly smuggled about $180,000 in gold from the fortress-like facility, possibly evading multiple levels of detection with a time-honoured prison trick.
Hiding the precious metal up his bum.
The case against Leston Lawrence, 35, of Barrhaven concluded in an Ottawa courtroom Tuesday. Justice Peter Doody reserved decision until Nov. 9 on a number of smuggling-for-cash charges, including theft, laundering the proceeds of crime, possession of stolen property and breach of trust.
The case was also an illuminating look at security measures inside the mint, the building on Sussex Drive that produces hundreds of millions of gold coins annually for the federal Crown corporation.
“Appalling,” was the conclusion of defence lawyer Gary Barnes, who described the Crown’s case as an underwhelming collection of circumstantial evidence.
“This is the Royal Canadian Mint, your Honour, and one would think they should have the highest security measures imaginable,” Barnes said in his closing submission.
“And here the gold is left sitting around in open buckets.”
Royal Canadian Mint
Royal Canadian MintGold is (((smelted))) at the Royal Canadian Mint on Sussex Drive in Ottawa.
Indeed, it was not even the mint that discovered the alleged theft but an alert bank teller.
Court was told that, on multiple occasions, Lawrence took small circular chunks of gold — a cookie-sized nugget called a “puck” — to Ottawa Gold Buyers in the Westgate Shopping Centre on Carling Avenue.
Typically, the pucks weighed about 210 grams, or 7.4 ounces, for which he was given cheques in the $6,800 range, depending on fluctuating gold prices, court heard. He then deposited the cheques at the Royal Bank in the same mall.
One day a teller became suspicious at the size and number of Ottawa Gold Buyers cheques being deposited and Lawrence’s request to wire money out of the country. She then noticed on his account profile that he worked at the Mint.
The first red flag was up.
Bank security was alerted, then the RCMP, which began to investigate.
Eventually, a search warrant was obtained and four mint-style pucks were found in Lawrence’s safety deposit box, court heard.
Records revealed 18 pucks had been sold between Nov. 27, 2014 and March 12, 2015. Together with dozens of gold coins that were redeemed, the total value of the suspected theft was conservatively estimated at $179,015.
But the defence countered with a couple of important points. The Crown was not able to prove conclusively that the gold in Lawrence’s possession actually came from inside the mint. It had no markings nor, apparently, had any gold been reported missing internally.
The Crown was able to show the pucks precisely fit the mint’s custom “dipping spoon” made in-house — not available commercially — that is used to scoop molten gold during the production process.
Lawrence, who has since been terminated, was an operator in the refinery section. Among his duties was to scoop gold from buckets so it could be tested for purity, as the mint prides itself on gold coins above the 99 per cent level.
The great mystery that went unanswered at trial, however, was this: How did the gold get out of the mint?
Court was told Lawrence set off the metal detector at an exit from the “secure area” with more frequency than any other employee — save those with metal medical implants. When that happened, the procedure was to do a manual search with a hand-held wand, a search that he always passed.
(It was not uncommon for employees to set off the detector, court heard.)
Investigators also found a container of vaseline in his locker and the trial was presented with the prospect that a puck could be concealed in an anal cavity and not be detected by the wand. In preparation for these proceedings, in fact, a security employee actually tested the idea, Barnes said.
Lawrence did not take the stand — as is his legal right — and the Crown was not able to definitively establish how the gold pucks made their way out of the facility.
“We do have compelling evidence,” countered Crown attorney David Friesen, of someone “secreting (gold) on his person and taking it out of the Mint.”
Barnes implied there were many ways Lawrence could have legitimately obtained the gold — he could have bought the coins, for instance — and said he made no efforts to be devious with the gold buyers or the bank. Further, Barnes said, the mint isn’t even sure a theft took place.
“In fact, I would submit the mint doesn’t even know if anything is missing.”
In an emailed statement Tuesday evening, a Mint spokeswoman said several security measures had been upgraded, including high definition security cameras in all areas, improved ability to track, balance and reconcile precious metal, and the use of “trend analysis technology.”
UVXY or TVIX time?
Here's a piece from DEBKAfile that indicates that the Golan Heights, where the hugest oil discovery was recently made, has Assad moving with Russia's backing into the region.
Syrian-Russian Provocations Could Spark Golan Clash
DEBKAfile Exclusive Report July 28, 2016, 11:59 AM (GMT+02:00)
For four days since July 25, the Syrian army has been continuously firing artillery batteries - moved close to Israel’s defense lines on the Golan border - in a manner that comes dangerously close to provoking an Israeli response. This carefully orchestrated Syrian campaign goes on around the clock.
It is the first time in the six years of the Syrian war that Bashar Assad has ventured to come near to provoking Israel. But now he appears to be emboldened by his Russian ally.
The IDF is holding its fire for the moment. But Israeli military and government leaders know that the time is near for the IDF to be forced to hit back, especially since it is becoming evident that the Syrian army’s steps ae backed by Russia.
debkafile’s military sources provide details of the Syrian steps:
The Syrian army’s 90th and 121nd battalions have been firing their artillery batteries non-stop across a 10km band along the Golan border from Hamadia, north of Quneitra, up to a point facing the Israeli village of Eyn Zivan. (See attacked map).
This means that the Syrian army has seized the center of buffer zone between Israel and Syria and made it a firing zone.
This artillery fire fans out across a radius that comes a few meters short of the Israeli border and the IDF troops stationed there. It then recedes to a distance of 500 to 600 meters and sweeps across the outposts and bases of the Syrian rebel forces believed to be in touch with Israel or in receipt of Israeli medical aid.
The new Syrian attack appears to hold a message for Jerusalem: For six years, you supported the rebels against the Assad regime in southern Syria. That’s now over. If you continue, you will come face to face with Syrian fire.
Damascus is also cautioning those rebels: For years, you fought us with Israel at your backs. But no longer. Watch us bring you under direct artillery fire, while the IDF sits on its hands.
On July 26, Russian media published an article revealing that Russia had delivered to the Syrian Air Force, advanced SU-24M2 front-line bombers, which is designed for attack on frontlines of battle. Israeli officials were unpleasantly taken aback by the news. Up until now, the Russians and Syrians refrained from deploying air strength in South Syria near the Israeli border. Now the Syrian air force has the means to do so.
debkafile military sources report that the SU-24M2, following recent upgrades and modifications in Russian factories, is now capable of dropping smart bombs – ballistic bombs with a guidance system on their tails that enable them to hit targets with precision.This guidance system does not rely on US GPS satellites but rather the equivalent Russian GLONASS system which is linked to a network of 21 Russian satellites and partially encrypted for military usages.
In addition, the SU-24M2 is equipped with a system that projects the information the pilot needs (flight details and battle details) on the plane’s windshield (head-up display) and on the pilot’s visor.
The Russians delivered to the Syrians two of these sophisticated airplanes this week, out of 10 that they will supply soon.
The IDF has concluded that it is only a matter of time before these planes appear in Southern Syria and so generate a new and highly combustible situation on Israel’s northern and northeastern borders.
The Russians are colluding with Damascus to inform Israel that it will no longer be allowed by either to continue backing the rebel forces in southern Syria or sustain the buffer zone which they man.
Israel may pay dear if Prime Minister Binyamin Netanyahu, Defense Minister Avigdor Lieberman, and Chief of Staff Lt. Gen. Gadi Eisenkot decide to continue to abstain from hitting back at the Syrian fire which is aimed every few hours at the vicinity of IDF posts or the impending arrival of Russian bombers. The price in store would be the weakening of the IDF’s hold on the Golan border.
Here's a 12 year old girl giving a speech on the criminal collusion between banks and government: ENJOY!!!
Right now Galveston is reported to be full of ships of oil, a traffic jam if you will, that will eventually disrupt over production. Think of those ships like a blocked pipeline. Eventually, production must be pared back, or they'll be spilling oil in the dessert sand. They certainly will not allow those ships to unload at a rate disruptive to onshore capabilities. Hence, backup in "pipeline" will force reductions or even partial shutdowns of production.
On the other side of the supply/demand story is the greater than anticipated draws of gasoline and distillates that keep coming in every EIA Petroleum Inventory report. This shows that demand is up, and that the Saudi's were correct to anticipate this American market behavior when cheap gas prices hit for a sustained period...i.e., increased SUV sales, etc.
The OPEC increase is nothing more than returned production of disrupted pipelines that were sabotaged or needed repair. Over reactions to OPEC report today, IMO.
Eventually these forces will all scale out and balance in the market place, but until they do, volatility will persist in the market place, as investors play both bull and bear on every market rumor...like running from one side of the ship to the other side.
Interesting piece here:
http://english.alarabiya.net/en/News/middle-east/2016/03/25/North-Korea-troops-in-Syria-to-help-Assad-report.html
North Korea troops in Syria to help Assad: report
North Korean military units are in Syria to help President Bashar al-Assad’s forces, a member of the Saudi-backed Syrian opposition recently claimed.
“Two North Korean units are there, which are Chalma-1 and Chalma-7,” Asaad al-Zoubi, who is heading a delegation for the Syrian opposition’s High Negations Committee (HNC) to the upcoming Geneva talks told state-owned Russian news agency TASS.
Zoubi, who is a former colonel in the Syrian Arab Army, currently heads the rebel Free Syrian Army (FSA) south of the country, dubbed the North Korean fighters as “fatally dangerous.”
This is not the first time an opposition official claimed that North Korea is providing support to the regime.
Burhan Ghalioun, former president of another opposition group called the Syrian National Council, said in 2013 that North Korean pilots were flying in the Syrian Air Force.
In early 2014, the UK-based Jane’s Defence Weekly, a magazine specializing in military and defense activity, reported that North Korea was assisting in improving missile capabilities.
Last Update: Friday, 25 March 2016 KSA 23:58 - GMT 20:58
http://www.bloomberg.com/news/articles/2016-03-21/why-the-global-oil-glut-might-not-fill-swimming-pools-after-all
Good article to help sort through the bearish power phrases and examine the reality of the moment.
May be too soon. Check out Kam's posts on UWTI board, been most accurate of all.
Employment caused me to miss $700 of profit today when my sell order didn't go through when it started dropping. Chased it twice before I caught it. Thought I'd swing to the D side, but didn't like the action, and saw you are still bullish, so I'm out for the weekend.
Congrats Cork: the Mining and Metal Du Jour board is like number 34 on breakout boards!
UWTI is a beast today! Record oil shorts are covering, going long.
Perhaps the question is, will this rally top at $39-$43 range, or pop to $57-62 range?
Could move to $43+ tomorrow? Big after hours push today:
http://www.cx-portal.com/_smb/wti.php
Russia to keep S-400 in Syria until Saudi warplanes leave Turkey
DEBKAfile Exclusive Report March 16, 2016, 9:14 AM (GMT+02:00)
( Saudi F-15 bomers )
The highly-advanced S-400 air defense missiles will also eventually be evacuated from Syria, said high-ranking officials in Moscow on Wednesday, March 17, according to an exclusive debkafile report. But their presence for now is crucial in view of the continuing Saudi buildup of warplanes in Turkey, close to the Syrian border.
Our military sources disclose that the initial Saudi deployment of four warplanes to the Turkish air base of Incirlik earlier this month, has been expanded to sixteen, while Saudi officials declare that Riyadh and Ankara are preparing to intervene jointly in the Syrian conflict.
According to our sources, Turkish armored and infantry troops have already crossed the border and set up positions in the northern Syrian province of Idlib, just a few hundred meters inside the border.
Russian Foreign Minister Sergei Lavrov referred Sunday, March 14, to evidence of “a creeping expansion by Turkey in the sovereign nation of Syria.”
This was taken as a warning that Moscow would not tolerate any further Turkish encroachments in Syria, any more than it would accept Saudi air force intrusions of Syrian air space.
The Russians infer from Turkish military movements that Ankara aims to establish enclaves inside Syria as no-fly or security zones, which Moscow has consistently opposed. The presence of the top-grade S-400 anti-air missiles in Syria is meant to obstruct this plan and discourage Turkish and Saudi aerial flights over Syria.
At the same time, the presence of the S-400 missiles close by is a worry for the Israeli Air force. The batteries, currently positioned at the Latakia base, would cover a broad stretch of air space over northern and central Israel if they were moved further south.
A word of reassurance on this score was understood to have come from Russian military sources Wednesday. They said that the S-400 would be removed eventually, leaving behind only the Pantsir-S1 anti-air missile systems, which have never posed a challenge to the Israeli air force in the last decade.
debkafile’s military sources also confirm that Putin has so far kept his promise to Prime Minister Binyamin Netanyahu to withhold advanced S-400 and S-300 air defense missiles from Iran, by executing a series of delays.
On Feb. 17, Iranian military officials announced a ceremony the next day at the Caspian port of Astrakhan for the handover of the first batch of S-300s. The ceremony never took place.
This week, Russian arms industry sources announced that the missiles would be not be delivered to Iran before August or September – another delay, which is unlikely to be the last.
This from DEBKAfile might add wind to the sails this week:
Russia to keep S-400 in Syria until Saudi warplanes leave Turkey
DEBKAfile Exclusive Report March 16, 2016, 9:14 AM (GMT+02:00)
( Saudi F-15 bomers )
The highly-advanced S-400 air defense missiles will also eventually be evacuated from Syria, said high-ranking officials in Moscow on Wednesday, March 17, according to an exclusive debkafile report. But their presence for now is crucial in view of the continuing Saudi buildup of warplanes in Turkey, close to the Syrian border.
Our military sources disclose that the initial Saudi deployment of four warplanes to the Turkish air base of Incirlik earlier this month, has been expanded to sixteen, while Saudi officials declare that Riyadh and Ankara are preparing to intervene jointly in the Syrian conflict.
According to our sources, Turkish armored and infantry troops have already crossed the border and set up positions in the northern Syrian province of Idlib, just a few hundred meters inside the border.
Russian Foreign Minister Sergei Lavrov referred Sunday, March 14, to evidence of “a creeping expansion by Turkey in the sovereign nation of Syria.”
This was taken as a warning that Moscow would not tolerate any further Turkish encroachments in Syria, any more than it would accept Saudi air force intrusions of Syrian air space.
The Russians infer from Turkish military movements that Ankara aims to establish enclaves inside Syria as no-fly or security zones, which Moscow has consistently opposed. The presence of the top-grade S-400 anti-air missiles in Syria is meant to obstruct this plan and discourage Turkish and Saudi aerial flights over Syria.
At the same time, the presence of the S-400 missiles close by is a worry for the Israeli Air force. The batteries, currently positioned at the Latakia base, would cover a broad stretch of air space over northern and central Israel if they were moved further south.
A word of reassurance on this score was understood to have come from Russian military sources Wednesday. They said that the S-400 would be removed eventually, leaving behind only the Pantsir-S1 anti-air missile systems, which have never posed a challenge to the Israeli air force in the last decade.
debkafile’s military sources also confirm that Putin has so far kept his promise to Prime Minister Binyamin Netanyahu to withhold advanced S-400 and S-300 air defense missiles from Iran, by executing a series of delays.
On Feb. 17, Iranian military officials announced a ceremony the next day at the Caspian port of Astrakhan for the handover of the first batch of S-300s. The ceremony never took place.
This week, Russian arms industry sources announced that the missiles would be not be delivered to Iran before August or September – another delay, which is unlikely to be the last.
Fed game plan every time...talk up a rate hike, but when the time comes, no rate hike will occur. If rate hike occurs it will implode the dollar, IMO.
Took your advice and held. Charts looking much more bullish today across all views.
http://www.cx-portal.com/_smb/wti.php
Those who purchased U on yesterday's dip made a nice buy!
More short covering to come, IMO.
If I would have locked in Friday's meager profits, this pull back would look like a tasty buy...
The daily and weekly charts are not looking so bullish, and Russia scaling back their operations in Syria to some degree reduces risk of conflagration...thus may slow short covering.
At the same time, DEBKAfile reports that Putin pulled out in a spat with Assad and Iran, who want to escalate matters there...so perhaps they may create situation that draws in Turkey and Saudi Arabia.
May sell my loss if this breaks lower.
Wow...there's an unexpected development...yet I see he's not making a total withdrawal, keeping both sea and air bases well fortified. Also, having upgraded the arms of Assad's forces, and presumably Iran's troops in Syria as well, not all that surprising for the moment.
https://www.google.com/amp/www.bbc.co.uk/news/amp/35807689#
Now let's see what he does with his troops massed on Turkey's border in Armenia!