Lets hope it doesn’t happen before we kick the bucket. But if it does happen first, lets hope it happens soon, so we don’t miss show. And the big profits on Gold, Junk Silver coins and related miners.
Re We Have An Abnormal Financial; System: The fall of crypto exchange FTX is ‘worse than Theranos, worse than Madoff’ as federal probes mount
John Reed Stark, the founder and former chief of the SEC’s Office of Internet Enforcement, pointed to reports that FTX transferred client funds to trading house Alameda earlier this year.
“This is worse than Theranos, this is worse than Madoff, if what I’m reading is true,” he told Yahoo Finance on Thursday, a day before FTX and its affiliates filed for Chapter 11 bankruptcy.
In January, a jury found Theranos founder Elizabeth Holmes guilty of defrauding investors out of hundreds of millions of dollars. In 2009, Madoff pleaded guilty to a Ponzi scheme that defrauded tens of thousands of investors of as much as $65 billion.
Stark noted “sophisticated” FTX investors have had to write down their holdings, even after performing due diligence on its financials.
On Thursday, Venture capital firm Sequoia Capital informed its partners that it wrote off its entire $213.5 million investment in FTX as a complete loss.
Bernie Madoff II? FTX crash is eerily similar to the Bernie Madoff scandal
part:
Sheila Bair, a top regulator during the 2008 financial crisis, told CNN there are eerie similarities between the dramatic rise and fall of Bankman-Fried and FTX and that of infamous Ponzi scheme mastermind Bernie Madoff.
Bair notes that 30-year-old Bankman-Fried, like Madoff, proved adept at using his pedigree and connections to seduce sophisticated investors and regulators into missing “red flags” hiding in plain sight.
“Charming regulators and investors can distract [them] from digging in and seeing what’s really going on,” Bair, who chaired the Federal Deposit Insurance Corp. from 2006 to 2011, said in a phone interview on Monday. “It felt very Bernie Madoff-like in that way.”
Long before his Ponzi scheme collapsed, Madoff was known as a wizard on Wall Street. He was the former chairman of the Nasdaq Stock Market, served on Securities and Exchange Commission advisory panels and managed money for the rich and the famous.
For his part, Bankman-Fried was a top campaign contributor to Democrats in the 2022 election cycle.
https://www.cnn.com/2022/11/15/business/ftx-madoff-bankman-fried-bair
Where do I send it? ………………………………. More than one million creditors!
Bankman-Fried Trying To Raise Fresh Capital As Bankruptcy Lawyers Reveal More Than One Million Creditors
Buygold Maddog
You get to sleep in longer now 3 hours ahead.
Question now will be if Hui I just looked at will follow the temp SM rally nearing resistance or 200 ma of Hui which is now a major resistance.
Thanks Maddog
Scum is all over us even with the USD down.
NEM and WPM were holding their ground as of last look, so all may not be lost.
Such as it is
PureGold files Third Quarter 2022 Financials, Provides LOM Plan and Technical Report Update
Barrick Announces Tender Offer for Any and All of Its 5.250% Notes Due 2042
https://finance.yahoo.com/news/barrick-announces-tender-offer-5-134700304.html
Alamos Gold Extends High-Grade Gold Mineralization Beyond Mineral Reserves and Resources at Puerto Del Aire Deposit within Mulatos District
https://finance.yahoo.com/news/alamos-gold-extends-high-grade-115500745.html
i-80 Gold Hilltop Discovery Yields Bonanza-Grade CRD Mineralization at Ruby Hill
https://finance.yahoo.com/news/80-gold-hilltop-discovery-yields-210000956.html
Puma Exploration Launches Expanded Metallurgical Study Following 99.7% Gold Recovery From Preliminary Tests
https://finance.yahoo.com/news/puma-exploration-launches-expanded-metallurgical-113000057.html
Snowline Gold Intersects 2.5 Grams Per Tonne Gold Over 128.2 m From Surface Within 285.2 m of 1.4 Grams Per Tonne Gold at its Valley Zone, Rogue Project, Yukon
https://finance.yahoo.com/news/snowline-gold-intersects-2-5-120000624.html
NEVADA KING FURTHER EXPANDS PHASE II DRILLING PROGRAM TO 20,000M AT ITS 100% OWNED ATLANTA GOLD MINE PROJECT & NOW PLANS TO DRILL THROUGH WINTER MONTHS
https://finance.yahoo.com/news/nevada-king-further-expands-phase-123000878.html
Aztec Continues to Intersect Gold Mineralization at Cervantes Project in Sonora, Mexico; Including 0.68 gpT Au over 120.0 m
https://finance.yahoo.com/news/aztec-continues-intersect-gold-mineralization-123000395.html
Lion One Discovers Broad Zone of Narrow Gold Lodes at Batiri Creek, Located 2km NE Adjacent to the Tuvatu Gold Mine in Fiji
https://finance.yahoo.com/news/lion-one-discovers-broad-zone-130000644.html
MacDonald Announces Agreement with Environmental Tailings Corporation to Reclaim and Rehabilitate the Historical Scadding Tailings
https://finance.yahoo.com/news/macdonald-announces-agreement-environmental-tailings-130000225.html
Nighthawk Gold Reports 916.00 g/t Au over 0.50 m (with 232.18 g/t over 2.00 m) at the Cass Deposit
https://finance.yahoo.com/news/nighthawk-gold-reports-916-00-123000246.html
Casa Minerals Acquires Additional 494.48 Acres Mineral Land Claim at Congress Gold Mine
https://ceo.ca/@newsfile/casa-minerals-acquires-additional-49448-acres-mineral
Delta Reports Visible Gold in Two Step-Out Drill Holes at its Delta-1 Project in Thunder Bay, Ontario
https://ceo.ca/@newsfile/delta-reports-visible-gold-in-two-step-out-drill-holes
Signature Resources Announces Commencement of a Strategic Review Process and Corporate Restructuring
https://ceo.ca/@newsfile/signature-resources-announces-commencement-of-a-strategic
Opawica Discovers 29.5m Anomalous Gold Zone at Arrowhead
https://ceo.ca/@thenewswire/opawica-discovers-295m-anomalous-gold-zone-at-arrowhead
GOLD LION Provides Corporate Update
https://ceo.ca/@thenewswire/gold-lion-provides-corporate-update
Initial Drilling at Chanape Intersects Shallow Au-Ag Mineralisation in Multiple Breccias
https://ceo.ca/@globenewswire/initial-drilling-at-chanape-intersects-shallow-au-ag
/R E P E A T — PAYCORE MINERALS INTERSECTS 14.8 METRES OF 6.3% ZINC, 10.3% LEAD, 376 g/t SILVER and 7.1 g/t GOLD, INCLUDING 5.8 METRES OF 9.4% ZINC, 3% LEAD, 248.4 g/t SILVER and 15.9 g/t GOLD FROM THE POLY-METALLIC FAD PROJECT/
https://ceo.ca/@newswire/r-e-p-e-a-t-paycore-minerals-intersects-148-metres
Shanta Gold said rejected bids did not reflect value of the business
https://ceo.ca/@thenewswire/shanta-gold-said-rejected-bids-did-not-reflect-value
Caledonia Mining feeling confident after “outstanding year so far”
https://ceo.ca/@thenewswire/caledonia-mining-feeling-confident-after-outstanding
Getchell Gold Corp. Intersects Multiple Gold Intervals Including 8.8 g/t Au over 8.1 m Within a Broader 3.0 g/t Au over 59.3 m Interval at the North Fork Zone, Fondaway Canyon, NV
https://ceo.ca/@newsfile/getchell-gold-corp-intersects-multiple-gold-intervals
Honey Badger Silver Announces Proposed Share Consolidation
https://ceo.ca/@newsfile/honey-badger-silver-announces-proposed-share-consolidation
Northern Superior Reports Results from the Grey Fox Zone of the Philibert Project Including 2.44 g/t Gold over 21 Metres, 1.78 g/t Gold over 17.5 Metres, and 1.53 g/t Gold over 15.6 Metres
https://ceo.ca/@accesswire/northern-superior-reports-results-from-the-grey-fox
Tier One Silver Reports Channel Sampling Results from the Magdalena Target at Hurricane
https://ceo.ca/@accesswire/tier-one-silver-reports-channel-sampling-results-from
Silver Tiger Intersects 1,719.7 g/t AgEq Over 0.8 Meters in the Shale Zone at the Benjamin Vein Within 6.9 Meters Grading 523.8 g/t AgEq
https://ceo.ca/@accesswire/silver-tiger-intersects-17197-gt-ageq-over-08-meters
PJX Resources Discovers Intrusive Related Gold-Copper-Silver Mineralization in Sullivan Mining District
https://ceo.ca/@accesswire/pjx-resources-discovers-intrusive-related-gold-copper-silver
Morning BuyGold
Re Gold resi @ 1780.
Adens use 80 month, 23 Month 65 week and 15 week av’s…..which are respectively
1515,1792,1802 and 1704.
200 day is 1804
Producer Price Index numbers come out today
PPI will probably move our markets.
Didn’t realize how much the 10 yr. rates have come down the last few days, now @ 3.8%. USD down almost 1%.
I’ve been ignoring news of any kind since the latest election theft. Too depressing. Didn’t even realize the SM was down yesterday while we turned a profit! Unprecedented! 🙂
G & S were up nicely in the AH but while $1780 & $22 were breached earlier this am, they are now back below. I think $1780 is probably some resistance point – we should be doing better. Silver sitting at $21.90 after breaching $22.
I think we have a fair chance of rallying after the PPI comes out though. We’ll see.
Web Business Advice
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A site is an important a part of any marketing strategy. Without 1, customers might question the capacity of your business. A stylish webpage can make a great first impression, and it will generate it easier to attract buyers. It will also let you open up fresh market sectors. This will likely make this easier to build up your business.
Although a web business is normally comparatively better to start compared to a brick and mortar business, it still requires a immense amount of diligence and research. Before you start, evaluate your idea to be sure it is feasible and cost-effective. Even a great business idea may are unsuccessful if there is no market for this or whether it does not solve a common problem.
It is also helpful to know the regulations that govern your business. Completely different states will vary requirements. Your state’s Small Business Administration can help you figure out the guidelines. Also, be familiar with income tax that apply at your web business. Some countries have duty regimes that happen to be more beneficial to internet entrepreneurs.
Congratulations NY for electing your Governor.
Now you put them on corporate gravy train they’ll be coming after your kids. The one who posted this from Illinois lost her son a 3 months old to a vaccine.

Could it get any clearer
Biden and Trudeau Beclown Themselves by Parading Around Asia in Commie Mao Jackets
Bix Weir and Clif High….
They discuss the crypto fiasco.
Talking is good
CIA & Russian Intel Chiefs Meet In Turkey To Discuss Nuclear Tensions
In a rare diplomatic opening of dialogue after nine months of war in Ukraine, CIA Director William Burns is in Turkey on Monday for talks with his Russian counterpart aimed at reducing nuclear tensions between the two superpowers.
Burns is holding the talks with Sergey Naryshkin, the head of Russia’s Foreign Intelligence Service, or SVR, in Turkey’s capital of Ankara. This marks the highest-ranking face-to-face meeting between US and Russian officials since President Putin ordered the invasion of Ukraine on Feb.24.
https://www.zerohedge.com/geopolitical/cia-russian-intel-chiefs-meet-turkey-discuss-nuclear-tensions
Mr. Copper
Domestic mining should be the place, but it seems we want to mine, produce oil, nat gas etc. everywhere but domestically. Note Ipso’s article about the US Military funding mining in Canada.
Something is going on here in the US and I don’t think it’s just about climate change. Maybe it’s the intentional destruction of the economic might of the country. I really don’t know.
@ Buygold
I’m just target practicing with $2000 plays. So even a 10% move is only $200 up or down. Naturally if I see +10% ill ladder up double the shares. Its been a long time, since I was doing s/t trades, before 2012 13 1200 trades a year. I’ve really not been doing much during this correction we started in June 2021. Odds favor we are back in gear.
Because of the blood bath everyone took re FANG Bitcoin, etc etc the herd will start looking our way I figure. Gold miners have had a great month, has to attract attention. I think even the recent hot energy sector will start dropping. Domestic mining, I think is THE place to be. The clowns have started blocking imports.
Mr. Copper
I’m not sure about the USD and being ready to bounce, but it did fall pretty hard and fast, so maybe. It hasn’t been able to hold all that well today as it was up close to 1% or so in the overnights.
I don’t want to get too crazy bullish here because I always get smacked when I do, but it does look like we’ve turned and hopefully continue up into year end.
I thought last week’s COT Report was normal with the scum bankers loading up the short side.
Who knows?
Good luck with your shorts.
Buygold
Very frustrating and a feeling of hopelessness on my end.
Not surprised….we had anew PM ‘inserted’ the other day, after a mini mkt panic, over the previous one, notice how the ‘right’ one is in No 10, not a sniff of panic etc.
It really is scary the way we are all being played….however more and more are waking up to something not being right/ cannot trust anything we are told from usual out lets etc….
I think the Covid jab conjob has woken huge numbers, to something ain’t right, as unfortunately very large numbers of people know of bad reactions and deaths, that can only be due to the jabs. That will drive them towards alternative info sources, as they no longer trust anything official/mainstream…..
Think About It, Recently Russia and China are a threat to national Security? What Happened To The World That Lives As One???
I remember long ago Obama saying once to the world. What a load of crap. Obamas Final Speech: Good bye.
Part:
“This is important work. It has made a real difference in the lives of our people. And it could not have happened had we not worked together. And yet, around the globe we are seeing the same forces of global integration that have made us interdependent also expose deep fault lines in the existing international order.
Indeed, our international order has been so successful that we take it as a given that great powers no longer fight world wars; that the end of the Cold War lifted the shadow of nuclear Armageddon; that the battlefields of Europe have been replaced by peaceful union; that China and India remain on a path of remarkable growth.
Moreover, I believe that the acceleration of travel and technology and telecommunications — together with a global economy that depends on a global supply chain — makes it self-defeating ultimately for those who seek to reverse this progress. Today, a nation ringed by walls would only imprison itself.
https://time.com/4501910/president-obama-united-nations-speech-transcript/
@Buygold Thinking Similar Here. AU AG up with Dollar
And USD looks ready for a bounce, that may not bother AU and AG. They seem like they want to go no matter what. Naturally a higher dollar might or should drop Oil. So I got some SCO short Oil Friday. Also got some TZA short naz but may not hold either of them and focus on Silver related. (and copper later)

