Replies to post #1518 on Claude Resources, Inc. (fka CLGRF)

[tsoprano-1]

CD, well said. It appears all markets are rigged now. From LIBOR to stocks to oil and gold. The media is in on it with their constant bull market BS. Nifty Fifty is going up maybe, but new lows is far heavier than new highs, breadth of market is all wrong with more stocks down than up most days. Bull market my arse.

T
PS outstanding results from Claude, specially in this low priced, manipulated time. Accumulating Claude and MEAOF. Very good to see the discussion here with many new posters.

[TMLonggun]

I have seen first hand how the MM's will divert US OTC buys over to TSX side to presumably keep US OTC volume down in that particular stock,

To what end? This does happen but I don't think it is nefarious by nature, the majority is just the MM's doing their jobs. MM's often do some shady stuff and lots are crooks but as a whole they try to stay neutral and profit via the spread and that is all they are attempting to do when they shuffle shares and go long or short. You buy shares and they short an equal amount and then someone will say MM x is manipulating the stock downwards when they are actually just hedging their position based on the movements of a long.

How do you explain the 100 to 1 ratio of paper contracts to available physical gold and silver (with no auditing being done)?

It is a product of our financial culture and the system we have built for ourselves in the west and has its roots in fractional reserve banking. If only one in a thousand wants delivery, why wouldn't they try and get away with greater leverage especially since it means greater profits. Should paper out-trade physical metals more than 10-1 or 100-1? Of course not but everything is over-leveraged and distorted in our markets and the Comex, like the MM's, is more about hedging than it is about accurate price discovery.

Should a fry cook drive a 50k car and have a 500k home? Of course not but in our society purchasing such status symbols is encouraged and enabled by culture, government, and banking. There is precious metals manipulation (both up and down) but there is manipulation in all markets, although more in gold than say corn for obvious reasons (corn doesn't compete with the USD).

It doesn't make sense if you were a big seller of (anything) to try and get the worst price possible like these trades that sell a billion of paper gold in a nanosecond in the most illiquid hours of the day. Gold directly competes against the corrupt machinations of those who control the fiat currency and so it will always be the subject of negative price bias because it is a threat to the status quo and the desire to constantly expand government and debt.
Gold is the canary in the coal mine and so it is in the interest of the elite to ensure that it is sedated and not warning of the problems created by free money policies that have gone on longer than at any point in human history.

I don't trust any of these bastards.

You shouldn't.