To me ACHN looks fradulent with this
Net Shares (Sold) (18,942,700)
% Change in Institutional Shares Held (31.06%)
Manipulation is by some small time Hedge fund trying to control AUY price. Basically converting shares into 'Call' options 'Sell' and get back those on retiring dates.
I think lid is open cause gold at 1130 this was 1.89 now 1142 this at 1.88 ..lid was tight but if broken 2.00 is no more resistance..
Open pit indicated mineral resource of 28.2 million tonnes at an average grade of 1.61 grams per tonne ("g/t") gold for a total of 1.46 million contained gold ounces and an open pit inferred mineral resource of 1.5 million tonnes at an average grade of 1.62 g/t gold for a total of 79,000 contained gold ounces.
Underground indicated mineral resource of 2.0 million tonnes at an average grade of 2.25 g/t gold for a total of 144,000 contained gold ounces and an underground inferred mineral resource of 10.8 million tonnes at an average grade of 2.5 g/t gold for a total of 865,000 contained gold ounces.
It Clearly shows that Goldman Sachs missed loading the Boat either or they are short heavily. OPEC, Venezuela, Brazil Russia just waiting to cut the production and Oil goes 20% up in just few hours..
Jewelry sales make up about half of worldwide demand for gold. Of that, roughly 56% comes from India and China. Full-year jewelry sales figures were (as expected) down year-over-year at 2,152.9 tonnes, but still above the five-year average of 2,053.0 tonnes.
Specifically, demand from India was up eight percent year-over-year at 662 tonnes, and the highest level since it began tracking sales in 1995. Interestingly, for the majority of 2014, the Indian government imposed restrictions on gold imports. With restrictions eased in 2015, there’s a really good chance demand for gold jewelry will hit another record.
Amidst a backdrop of a soaring stock market, “encouraging” economic data, and record mine production, the total supply of gold was flat at 4,278.2 tonnes in 2014. All it would take is a major event (economic, geopolitical, etc.) for gold demand to soar, changing the gold prediction in 2015 to positive.
These factors don’t even take into consideration the fact that the U.S. Department of Justice is investigating whether or not the world’s biggest banks have been manipulating silver and gold prices.
Physical Demand for Gold
By all accounts, the demand for gold remained solid in 2014. Admittedly, gold sales in 2014 were never going to be as bright compared to 2013, which showed phenomenal growth. Still, some interesting numbers surfaced.
Central banks purchased 477.5 tonnes of gold in 2014, a 17% increase over the previous year and the biggest increase in 50 years. This also marks the fifth year in a row that central banks have been net importers of gold. (Source: World Gold Council, February 12, 2015.)
Because of all of these factors, I predict gold prices will be considerably higher next year—and will continue to trend higher in the years ahead.
With the stock markets soaring and the economy chugging along, gold has taken a back seat. All it will take for gold to come to the forefront is a good dose of reality. By that, I mean a well-deserved correction on Wall Street; this will lead to a reversal of funds out of stocks and back into gold.
Unexpected economic challenges out of China, Japan, Russia, and the eurozone could also send investors back into gold. So, too, could rising geopolitical tensions from the Middle East, Russia/Ukraine, terrorist groups, and wild cards like North Korea and Nigeria.
It’s the perfect storm for an overvalued stock market and underperforming gold prices. While many investors have turned their back on gold, the fact of the matter is that when it comes to predicting gold prices in 2015…things are just starting to get interesting.
Brio Gold produced 66,389 ounces of gold in the first half of 2015, compared to 27,871 ounces of gold in the same period of 2014. Cash costs were $797 per ounce of gold in the first half of 2015, compared to $945 per ounce of gold in the same period of 2014.
Institutions bought from Underwriters at price $3.35 just last month ....is this held hostage with some individuals as their Short position?
Crude actually rose 6% yesterday ..whereas XOM contended with just less than 1% ...Today Crude might cross $50 as Trade pattern is deceptive..
Missing connection ?
As of Aug 29, 2015, the consensus forecast amongst 28 polled investment analysts covering Exxon Mobil Corporation advises investors to hold their position in the company. This has been the consensus forecast since the sentiment of investment analysts deteriorated on Nov 29, 2013. The previous consensus forecast advised that Exxon Mobil Corporation would outperform the market.
High +32.9 % 100.00
Med +15.6 % 87.00
Low +2.3 % 77.00
No opinion 0