Loading ...Vote! Vote!
Buygold with newmont being this cheap
theres days I’m thinking flippng my groy into nem shares…could be civil war war on the fall menu
https://seekingalpha.com/article/4529067-gold-royalty-stock-valuation-beginning-to-improve
Looks interesting if you can get it! Mike Maloney and Adam Taggert
6 Shocking Charts Show the Future for Inflation & US Dollar
No hiding it
WEF Advisor: ‘We Don’t Need Vast Majority of Population’
Posted on August 16, 2022 by Constitutional Nobody
World Economic Forum (WEF) advisor Yuval Noah Harari has declared that “we just don’t need the vast majority of the population” in today’s world.
According to Harari, most of the general public have now become “redundant” and will be of little use to the global elite in the future.
Harari, who describes himself as a historian and futurist, argues that modern technologies like artificial intelligence “make it possible to replace the people.”
https://ussanews.com/2022/08/16/wef-advisor-we-dont-need-vast-majority-of-population/
Ororeef
Apparently it was evidence of Russia/Gate they were after that made more sense.
F-Bi is infamous for obstructing justice and making evidence against them or their base disappear.
They took the evidence forensics was gathering from the ashes of Waco because they denied shooting them, that the gas so detrimental it will cause such bad spasms it can bend you backwards like shoe horn, and denied they started the fire after poking holes in it to feed the flames next and putting in gasses them shooting at the escape roots so they couldn’t get out. They didn’t want witnesses even the children.
Hey guess who was right behind them and making excuses proven all lies by forensics for them with no conscious for the torture and murder the many just religious people looking for biblical answers? Chuck Schumer!!! He was one of the lying attorneys defending the F-bi. Just like he is now.
They said they give the evidence back but never did.
Just like Hunters laptop.
They look what they did when set those people up over the anthrax that were innocent. One was driven to suicide.
Just like now over Jan 6 protests of a rigged election,
Trump Vs Garland
They raided his house to see what they could get whatever Trump had on THEM ..They are afraid he has damming evidence on them and they want it.. Its not about what Trump did or didnt do,its about what does he have on them !
Trumps personal SAFE was the height of proof what they really wanted….I thing he snookered them as I think the safe was a DECOY an obvious target to draw their attention ..a very visable empty safe ! to draw them out…..A stupid decoy to draw them into illegal safe cracking…hehe
I think I’ll dance a lil jig. PS not the kind that H. danced.
Neocon Gone? Liz Cheney Battles For Seat In Wyoming Primary
https://www.zerohedge.com/political/neocon-gone-liz-cheney-battles-seat-wyoming-primary
Signs of life?
If NEM actually goes positive on the day, I might become a believer. 🙂
USD rolling over
but we just aren’t ready to hold a bid.
Kind of frustrating to see these little rally attempts getting stuffed all day.
Vote in the Poll Vote in the Poll
Vote! Vote!
Sandstorm (SAND) Gets Shareholders’ Nod for Nomad Buyout
https://finance.yahoo.com/news/sandstorm-sand-gets-shareholders-nod-124312816.html
Lundin Weighs Sale of $1 Billion Copper-Zinc Mine in Portugal
https://finance.yahoo.com/news/lundin-weighs-sale-1-billion-123305001.html
Perpetua Resources Announces Second Quarter 2022 Highlights
https://finance.yahoo.com/news/perpetua-resources-announces-second-quarter-100000635.html
Lion One Confirms High-Grade Gold Feeder Zone at Tuvatu, Fiji with TUDDH-601 Returning 54.9m of 12.22 g/t Au Including 20.10m of 23.03 g/t Au
https://finance.yahoo.com/news/lion-one-confirms-high-grade-142800892.html
SILVER ONE INTERCEPTS 1,339 g/t SILVER and 1.21 g/t GOLD OVER 10.67 METRES WITHIN 48 METRES OF 332 g/t SILVER and 0.39 g/t GOLD
https://finance.yahoo.com/news/silver-one-intercepts-1-339-041500062.html
Mako Mining Provides Q2 2022 Financial Results
https://finance.yahoo.com/news/mako-mining-provides-q2-2022-113000071.html
Benchmark Announces Positive Preliminary Economic Assessment for the Lawyers Gold-Silver Project with Robust +30% IRR, C$ 921m Pre-Tax NPV5% and 2.1 Year Payback
https://finance.yahoo.com/news/benchmark-announces-positive-preliminary-economic-130000036.html
Fortitude Gold Reports High-Grade Surface Samples Including 8.44 G/T Gold at Its Nevada Ripper Property
https://finance.yahoo.com/news/fortitude-gold-reports-high-grade-130000029.html
i-80 Gold Reports High-Grade Gold in Drilling at Ruby Hill – 426 Zone
https://finance.yahoo.com/news/80-gold-reports-high-grade-100000489.html
Kootenay Silver Intercepts 11.3 meters of 449 gpt Silver, 0.3% Lead and 0.66% Zinc and 1.5 meters averaging 1,395 gpt Silver, 0.94% Lead and 5.3% Zinc at Columba High-Grade Silver Project, Mexico
https://finance.yahoo.com/news/kootenay-silver-intercepts-11-3-123000220.html
Magnum Goldcorp Intersects Multiple High Grade Gold Intervals, Including 3.47 m of 13.90 g/t and 9.30 m of 4.51 g/t
https://ceo.ca/@newsfile/magnum-goldcorp-intersects-multiple-high-grade-gold
Angold Discovers Carlin-Style Alteration at Iron Butte, Deploys RC Rig
https://ceo.ca/@newsfile/angold-discovers-carlin-style-alteration-at-iron-butte
TNR Gold Update – NSR Royalty on McEwen Mining’s Los Azules Copper, Gold and Silver Project
https://ceo.ca/@newsfile/tnr-gold-update-nsr-royalty-on-mcewen-minings-los-fad71
Northern Shield Identifies Substantial New Gold Target at Root & Cellar; Fieldwork Continues to Uncover New Mineralization
https://ceo.ca/@newswire/northern-shield-identifies-substantial-new-gold-target
PureGold Provides Operations Update and Reports Second Quarter 2022 Financial and Operating Results
https://finance.yahoo.com/news/puregold-provides-operations-reports-second-025500546.html
Dollar up, rates flat
another day begins with one foot in the big hole aka pm’s
So, we wait for signs of life, and it doesn’t appear $1780 will hold. Who can even predict silver?
Moggy said
There’s gonna be a problem with tomatoes too.
I think there’s gonna be a problem with everything.
RNO
Remembering back. They also said then the Mexicans came along and under cut them with I can imagine back then when they were taking advantage of them already low wages. So that’s the rest of the story on the lies Mexican taking up jobs no body else wanted. Perhaps they did them a favor because Calif had more job opportunities.
I also met a son of the Mexicans who came in. He wound up joining the US army later.
He said the same and had to sleep in fields as a kid.
RNO
Looks like there’s a storm coming.
I had the privilege to meet a lot of people through the years including the children of the Grapes of Wrath. As one woman said it was a hard life and with a stern breath repeated the word Hard! The children were out there in the fields too. They had no place, traveled from one place to the next.
People today cannot imagine what it was like for them. We lived through disasters but neither can I.
About the food thing
Most farmers in my area are applying less than half of the normal fertilizer rate. If the drought continues, we are looking at a disaster in the wheat market.
My brother-in-law is selling over half of his cows because he doesn’t have enough hay to get through the winter. Hay prices are skyrocketing. Herd liquidation will cause a temporary drop in beef prices but beef will be unaffordable afterwards.
One hundred years after the Grapes of Wrath, the Californians are moving back to Oklahoma. They have had enough. Housing is still tight here. When someone dies or goes into assisted living, family members are fighting to see who gets to move into the house.
Those with kids or grandkids
The food shortages already affecting us. School kids menus subject to change due to supply issues. This last month for the first time when ordering a few things for pizza that way up I ordered chicken wings and Italian bread and they said they were out of chicken.
Meanwhile talking to someone I got to know at my grandsons schools and have to let them know I’m retired they have no nurse on hand. Kids were getting sick. Putting symptoms with environment “ heat” it was heat exhaustion. They shouldn’t let the kids out in that heat esp when it could hit 105F
I’m sending them a list for a few things they can watch not just heat exhaustion or dehydration tomorrow.
This Covid clot shot is totally brain dead irresponsible to mandate is causing shortages everywhere. But pushed too far when schools have all those kids and no nurse on hand!!! Meanwhile staff at hospital probably getting burnt out.
Eeo’s
There pretty much predictable but the shares or the things going on the inside of some of them be company or market maker issues like fails to deliver are still there too,
How the US Toppled the World’s Most Powerful Gold Trader
All just stories, no real teeth. No mention of Jamie Dimon and what crooks him and Blythe are, and JP Moron in general. The comments at the bottom are far more interesting than this pacifying kids play childish article, keep it dialed back and do no real investigative reporting, basically piss-poor quality journalism.
(Bloomberg) — In December 2018, a man in his early 30s was intercepted on arrival at Fort Lauderdale airport and taken to a room where two FBI agents sat waiting.
The target was scared and already on high alert — one of his associates had recently admitted to crimes he knew he’d also committed. Christian Trunz wasn’t a terrorist or a drug trafficker, but a mid-level trader of precious metals returning from his honeymoon. Crucially: he was also a longstanding employee of JPMorgan Chase & Co., the biggest bullion bank.
The FBI’s airport ambush described by Trunz was a crucial step in the pursuit by US prosecutors of JPMorgan’s precious metals desk, leading up to last week’s climax — the conviction on 13 counts of the man who was once the most powerful figure in the gold market, the desk’s former global head Michael Nowak.
Watched with a mixture of fascination and horror by precious metals traders around the world, the case has shone a light on how JPMorgan’s traders — including Nowak and the bank’s long-time lead gold trader Gregg Smith — for years allegedly manipulated markets by placing bogus orders designed to wrongfoot other market participants, principally algorithmic traders whose high-speed activity became a major source of frustration.
Nowak has become one of the most senior bankers to be convicted in the US since the financial crisis, and faces the prospect of decades in prison, although it could be far less.
Nowak’s lawyers contend Nowak wasn’t a “criminal mastermind” and said they will “continue to vindicate his rights in court.” A lawyer for Smith said during closing arguments last month that his client’s orders were legitimate, and there are other explanations to buy and sell futures contracts at the same time on behalf of customers.
It took three weeks in court for the government to persuade a jury of Nowak and Smith’s guilt. (Jeffrey Ruffo, a salesman who was tried with them, was acquitted.)
But whispers of spoofing had hung over JPMorgan’s trading desk for at least a decade — many years before the FBI first approached Trunz in 2018.
Alex Gerko, the head of an algorithmic trading firm, complained about Smith’s activity in the gold market as early as 2012 to CME Group Inc., which owns the futures exchanges where the US alleged thousands of spoof trades took place. But Smith and Nowak continued working at the bank until 2019, when the US unsealed charges against them.
“The wheels of justice are moving, slowly,” Gerko tweeted last month.
At the Justice Department, the road to JPMorgan began with a decision to begin hunting down traders who made bogus offers to buy and sell commodities that they never intended to execute. The criminal fraud unit hired data consultants to go through billions of lines of trades to spot patterns of market manipulators.
As the vast quantities of data was scrutinized, there were certain traders that stood out. And they worked at JPMorgan.
With the data in hand, investigators went looking for cooperators, which they found in Trunz and his former colleague John Edmonds. Both relatively junior traders pleaded guilty to their own misconduct and agreed to testify against the desk’s boss.
Nowak was arrested in September 2019, sending a shock wave through the metals world, but the Covid pandemic meant it would be another three years until the trial finally took place.
In his testimony, Edmonds, who’d started in an operations role at JPMorgan, described spoofing on the desk as a daily phenomenon and felt obliged to take part because it was part of the normal strategy.
Read: JPMorgan Gold Desk ‘Spoofing’ Cheated Market, Ex-Trader Says
The Justice Department’s move against JPMorgan’s most senior bullion bankers was celebrated in some corners of the gold and silver markets, where investors and bloggers have long accused the bank of a large-scale scheme to manipulate prices lower. Those allegations prompted multiple investigations by the Commodity Futures Trading Commission, the most recent of which was closed in 2013 after finding no evidence of wrongdoing.
The case against Nowak and Smith made no allegations of a systematic plot to suppress prices, instead arguing that they spoofed markets over very short periods of time, and in both directions, to benefit JPMorgan’s most important hedge fund clients.
And while the convictions are a victory for the prosecutors, the jury rejected the government’s most sweeping charges — brought under the Racketeer Influenced and Corrupt Organizations Act, or RICO — that the men were part of a conspiracy and that JPMorgan’s precious metals desk was a criminal enterprise.
At JPMorgan, Edmonds said the practice was referred to as “clicking” rather than spoofing, and the traders never discussed it as being illegal despite the firm’s own compliance policies making it plain. Trunz even spoke of a running joke involving Smith, who would click his mouse so fast to place and cancel orders that his colleagues would urge him to put ice on his fingers.
In 2012, Gerko, who is the founder of quantitative trading firm XTX Markets Ltd., complained to the CME about Smith’s trading in gold futures by rapidly entering and canceling orders. The CME began an investigation, which dragged on for three years before concluding he’d likely been spoofing.
“It took a long time after 2010 to get consistent enforcement,” Gerko said in a tweet, referring to the Dodd-Frank act in which spoofing was defined and made illegal.
After another JPMorgan trader, Michel Simonian, was fired in 2014 for spoofing, Nowak called his traders into his office to ask if they’d been doing the same, according to Edmonds. No one said anything. The incident shocked Edmonds, he said, as Nowak knew it had been going on for years.
During the trial, Nowak appeared largely impassive, his face hidden behind a Covid mask. Industry insiders described him in 2020 as introverted and brainy, and testimony during the trial painted him as a well-liked manager, who became friendly with Trunz while the two did a stint working out of JPMorgan’s London office.
During trial, Trunz was asked whether he liked Nowak, the former trader responded: “I loved him.”
However, the relationship became more complicated after Trunz was approached by authorities. When he contemplated making a deal with the government, Nowak told him not to, according to Trunz, who became audibly choked up as he gave the testimony.
Defense lawyers painted Trunz and Edmonds as unreliable — proven liars who were testifying against their clients in order to avoid lengthy prison sentences.
Nowak and Smith won’t be sentenced until next year. For comparison, two Deutsche Bank AG traders convicted of spoofing in 2020 were each sentenced to about a year in prison.
Last week’s conviction represents the pinnacle of the US Justice Department’s crackdown on the illegal trading practice known as spoofing. So far, prosecutors have managed to convict ten traders at five different banks.
JPMorgan has already paid $920 million to settle spoofing allegations against it.
“Even though the jury rejected the conspiracy and RICO charges, they will consider this a win,” said Matthew Mazur, an attorney at Dechert LLP who defended one of the Deutsche Bank traders. “This is probably the end of the precious metals sweep that was done, but I do think there will continue to be cases.”
Even after the crackdown, some market participants say spoofing still takes place. Back when commodity futures traded in the pits, brokers had to trade face-to-face. Hiding behind a screen makes it much easier to place and pull orders at will.
“We still see spoofing on a regular basis,” said Eric Zuccarelli, an independent commodities trader who began working on the floor of the New York Mercantile Exchange in 1986. “But back then if a person spoofed everybody would come over and punch you in the face and the floor committee would come over and fine you for being an asshole.”