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Yes, he's fighting for the future, his future to keep his ass out of jail where he belongs.
LTS...shine on
I was reading where FRMA says all shares of TRGD have been distributed and no shares remain for FRMA. Is this true?
LTS...shineon
Interesting story about China's gold and SDR denial
The Rumblings of War
Jim Sinclair's JSMineset
8/06/15
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To: vegasjoejack@hotmail.com
information@jsmineset.com
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About Jim Sinclair
Jim Sinclair
Jim Sinclair is primarily a precious metals specialist and a commodities and foreign currency trader. He founded the Sinclair Group of Companies (1977), which offered full brokerage services in stocks, bonds, and other investment vehicles. The companies, which operated branches in New York , Kansas City, Toronto , Chicago , London and Geneva , were sold in 1983.
From 1981 to 1984, Mr. Sinclair served as a Precious Metals Advisor to Hunt Oil and the Hunt family for the liquidation of their silver position as a prerequisite for the $1 billion loan arranged by the Chairman of the Federal Reserve, Paul Volcker.
He was also a General Partner and Member of the Executive Committee of two New York Stock Exchange firms and President of Sinclair Global Clearing Corporation (commodity clearing firm) and Global Arbitrage (derivative dealer in metals and currencies).
In April 2002, shareholders of Tanzanian Royalty Exploration (formerly Tan Range Exploration) approved the acquisition of Tanzania American International, a company managed by the Sinclair family. Following this transaction, Mr. Sinclair became Chairman of Tanzanian Royalty and now leads its transition to become a gold producer.
He has authored numerous magazine articles and three books dealing with a variety of investment subjects, including precious metals, trading strategies and geopolitical events, and their relationship to world economics and the markets. He is a frequent and popular speaker at gold investment conferences and his commentary on gold and other financial issues garners extensive media coverage at home and abroad.
In January 2003, Mr. Sinclair launched, "Jim Sinclair's MineSet" which now hosts his gold commentary and is intended as a free service to the gold community.
QE to Infinity, followed by Gold balancing the balance sheets of the sovereign balance sheet disasters. Just as there is no tool other than QE to feign financial solvency, there is no tool to balance the balance sheet of the offending entities other than Gold. It is just that simple. --Jim Sinclair
My Dear Extended Family,
Shock of all shocks, the IMF announced the Chinese yuan will not be admitted into the SDR until at least Sept. 2016. http://www.bloomberg.com/news/articles/2015-08-04/imf-says-more-work-needed-before-yuan-reserve-currency-decision What exactly does this mean? I can tell you the gold community is so shell shocked and fearful at this point, it "must be bad for gold", right? Going back a couple of weeks, China announced they had accumulated another 600 tons or so of gold to the near panic of precious metals investors. This announcement would be used as another shot at taking price down because the Chinese "don't like gold as much as we thought". This was the prevailing sentiment.
What I think happened was China played "good boy" with the West and lied about their gold holdings. They announced enough gold to allow them into "the club" but not so much as to "offend" or intimidate anyone in the West. Their announcement was clearly bogus as they are importing 600 tons every three months ...and we are to believe it took them six years? China had requested both "publicly and officially" to be included in the SDR. They were publicly humiliated with this move by the IMF. The Chinese are a very proud people, public humiliation would be last on my list of aggressions toward them!
Make no mistake, they will retaliate. I believe just as the IMF did this while China is having market problems and during a period of weakness, China will return the favor to the U.S. ...at a very inopportune time for us. When our markets are convulsing, probably this fall, you can expect one of two responses from the Chinese. They will either come public with a true and VERY LARGE number for their gold holdings, or they will threaten to and actually dump some Treasury securities/dollar holdings...or both! I believe their response will be timed to hit us just as in a boxing match, when we are tired, down or vulnerable ...for maximum effect.
Whether you want to believe it or not, the U.S. is in a financial war with nearly the rest of the entire world. To not include a rising China into the SDR makes no sense and is an impossible feat in the long term unless China decides it is not their desire. I see no upside whatsoever to this action. Does it "buy time" and postpone the inevitable? Maybe not. The action of poking the hornets nest may actually accelerate the collapse!
There are other possibilities but looking at the two retaliatory options mentioned above, what could result? First, were China to come clean and "admit" they have 10,000 tons of gold (or MUCH MORE), the yuan would immediately strengthen and move into the dollar's territory as a settlement currency. Markets would quickly do the math and understand if China has this much gold ...where oh where did it come from? China could even do an audit publicly and count the bars out in the open surroundings of their Olympic stadium in a "we've shown you ours, now you show us yours" fashion!
The other possibility comes with an "option A or B" for the Fed. If the Chinese decided to sell some of their Treasury holdings, could the Fed sit idly by? Option A, the Fed could let the market absorb the dumped Treasuries and allow interest rates to rise and watch as bond prices crater. This is not much of an option, especially in a world where all prices are generated and created "officially". On the other hand, option B would be FORCED MONETIZATION! The Fed could decide they had to buy any and all Treasuries offered by China. I believe this is exactly what the Fed will decide they MUST do.
Not coincidentally, the Chinese know this. They also understand by using this tactic, they will be forcing the Federal Reserve to create an "exit door" especially for ...and because of them. This is the reverse of the old story, if you owe the bank $1 million they own you, if you owe $1 billion then you own the bank. You see, in this instance the Chinese have a direct lever on our credit markets. It would be bad enough if they could control our interest rates which they certainly can now influence. What makes this really bad is they can FORCE the Fed to either monetize or face the immediate collapse of credit markets and thus all markets. As I mentioned above, the Chinese will not do this until the time is right. The time will "be right" when our markets display weakness. They will smile while doing this and politely (publicly) restore honor and dignity.
Before finishing and as long as we are talking about financial "war", let's briefly look at Russia. The U.S. and NATO are now crossing some very red lines in the sand when it comes to both Ukraine and Syria. Trainings and war games are taking place in western Ukraine while the U.S. is and has authorized airstrikes (with Israeli assistance) against Syria. Mr. Putin has said in no uncertain terms he will not allow the slaughter of Russians in Ukraine. He has also stated numerous times he will not stand by idly should allies Syria or Iran be attacked http://www.zerohedge.com/news/2015-08-04/russia-ready-send-paratroopers-syria . These are all very real sparks in the dry tinder of current geopolitics.
The question you need to ask yourself is this, do you really believe the current fairy tale pricing of assets, ALL ASSETS will hold during a financial war with China? Or during a real war with Russia? This is not fear mongering, it is what's on our dinner table!
Standing watch,
Regards, Bill Holter
Holter-Sinclair collaboration
Comments welcome! bholter@hotmail.com
LTS..shine on
Don't forget Fifer too. They both need to share a cell together with Bubba and his boys!!!
LTS....shine on
Badge, glad you're keeping news posted on this. Indeed, this is in flux and could go either way.
Spanish and Panamanian compensation, what about all other shareholders? Or are we just chopped liver?
LTS...shine on
Is this the last gasp for PTQ? Less than a penny now!!!
LTS...shine on
Gues our TRGD shares are wallpaper hangers now. Any further news on outcome?
LTS...shine on
Yes, we've heard that before and nothing has come of it. Just more words from a company of liars.
HAVE THEY GOTTEN RID OF "HIM" YET????
LTS....shine on
They may not be buried in legal fees but the sp is being buried alive!!!!!!
LTS...shine on
What the hell does that mean?????
LTS...shine on
Good News???? I doubt it. These machines were probably purchased to see how 3d's equipment works and try to reverse engineer them for HP's benefit.
LTS....shine on
Just confirms that Fifer was nothing more than a CROOK. He should be rotting in jail for many years like BERNIE MADOFF!!!
lts...shine on
Lets just face it...we sh's have been screwed big time on this venture. No if's and's or buts.
LTS......shine on
And what about a new BOD? Will they step aside too? That would indeed be a step in the right direction cause under their watch they let RF do just about anything he pleased.
LTS...shine on
No, the way I understood it was that MJK's sister was married to RF. I could be wrong on that though.
MY bad, I see Carlos has answered your question.He knows more than me.
LTS...shine on
MJK is probably sitting on a beach somewhere sipping margaritas and laughing at how he played all us suckers. This was a disaster from getgo when TRICKY DICK started selling us bogus property that he got for pennies.
If there is any justice in PANAMA (Petaquilla es Panama, remember that) then there should be lawsuits and jail time for all.
Any revival of this company is a longshot at best with BK, consolidation or defunctness sure to follow.
WE'VE BEEN SCREWED BIGTIME!!!!
LTS...shine on
This last gasp effort that Progafa announced is the last straw for this POS. I hope the efforts are sucessful but I don't think they will be. TIME IS TICKING!!!!1
LTS...shine on
Maybe that's the solution, let 'em all drink the kool aid. Would solve most all problems.
LTS...shine on
I find it very disheartening that only certain individuals can get information from this company. Maybe the tone of requests, the subject matter or whatever has something to do with their responces.
But basic info such as when loans are closed, what direction company is following, and nebulous PR'S that never come to fruition should always be questioned.
When we ask these questions their are never answered by management. They have all forgotten their fuduciary obligations to sh's ( if they had any to begin with).
This was once a vibrant money making operation and then everything went to hell in hand basket very quickly. So, it stands to reason so many sh's have lost faith with this team of managers.
IT HAS REINFORCED MY OPINION THAT THIS MANAGEMENT TEAM AND BOD'S COULD CARE LESS ABOUT THEIR SH'S. IMHO.
LTS....shine on
Let's face it, BOD or management doesn't give a rats ass about sh's. All they care about is getting paid and rubber stamping everything RF has done to bring down this company.
LTS...shine on
As usual lies, and delays are SOP for this bunch. We're doomed. Last man turn out the lights. DIGI what hope did you have?
LTS..shine on
do sh's ever get to vote on anything this company does? El Capitan Fifer has the first and last word on where the money goes.
LTS....shine on
YES, that is disgusting. The workers should confiscate all of Fifers properties until payment is made. JUSTICE IS BLIND!!!
LTS...shine on
What the hell was that??????
LTS...shine on
IMO, the breakup of HP has a lot to do with them diversifying into 3D printing.
LTS..shine on
If they can get the bridge loan to close(maybe????), then perhaps PTQ can survive. But, the onslaught in POG has many juniors in peril of closing shop. GS has predicted $1000 gold price and we seem to be headed in that direction.
If that happens, alot of good juniors will be in a firesale and the larger miners will have a slew to choose from. SO KEEP SOME POWDER DRY.
LTS....shine on
And do it in one year!!! Mighty ambitious. Looks like another smoke job in the works. Will new board memebers reign in RF? We'll have to see.
LTS....shine on
Is this our slow death march to nothingness? Our fate seems to be sealed!!!
LTS....shine on
Wow, no comments on article about printed vehicle. I guess you all are just chart watchers. GLTY.
LTS...shine on
This could be reason for sp moving up. Read this article.
http://venturebeat.com/2014/09/23/worlds-first-3d-printed-car-takes-inaugural-drive/
Lts...shine on
That's my point!!! What do we know for sure....NOTHING. Can't get a word from PTQ on anything. Who knows what the hell they're doing????
LTS shine on
Don't know if HL working at all since no word from PTQ. Besides, if there is no production revenue how can they operate at any level.
Lots of questions, NO ANSWERS.
lts..SHINE ON
Price of gold has been down for last 6 months but PTQ has held some price value during that time. Certainly looks like something is happening with over 2mil shares traded here in US. Dont know about Canada. Anyone have the Canadian figures?
LTS...shine on
Any news (other than PTYgold) around? Sp dropping like a rock!!!!
LTS...shine on
SWC won't be the only miner scaling back activities in mining production. With PM prices at these levels no miner can make a decent profit in such an environment.
I think all miners should shut down production and let the marketplace fend for themselves until the price manipulators stop their shenanigans with PM prices.
Probably won't happen but I can wish though!!!!
LTS...shine on
There should be some retribution we sh's have against these crooks. They have milked us dry and now no word from anyone in management or their website.
They are CROOKS and need to be dealt with severely under the law!!!
LTS...shine on
We were lied to, flimflammed, and bamboozled with pr's put out by this management team. The truth has never told about production, indebtedness, or dilution of sh's interest.Getting us so far in debt that we had to sell our lands just to keep afloat. Yea, great job Fifer (not!!!)
Reminds me of a movie long ago called the "Flimflam Man" with George C. Scott. He would play on your own egos, then steal you blind.
LTS...shine on
Yes, I remember it and nothing has happened to get it done. We went into the toilet shortly thereafter. Just more manure for the mushrooms!!!!
LTS...shine on
I see they're up to same old shit. Putting out updates that have nothing to do with reality. Will they us about production? When will it start? Do we have enough cash to continue operations? Any loan prospects on the horizon?
They don't say anything about operations, cash or lender prospects instead they put same old PDI info from years past that has never come to fruition.
Nothing has changed, same management, SOS!!!
LTS.....shine on
What do you need website for when you have nothing going on. No production, no revenue, no announcements, nada, zip, zero!!!!!
These Jack@@#@% can't maintain a website either!!!
LTS...shine on