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Amarin Corporation plc Message Board

dinepat203 658 posts  |  Last Activity: Dec 19, 2014 3:15 PM Member since: Sep 29, 2011
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  • Jabal Sayid had 1.4 billion pounds of copper in proven and probable reserves as of December 31, 2013(2) . Further exploration work will be carried out within the mining license area and the exploration license area surrounding the mine with the aim of extending the mine life.

  • dinepat203 dinepat203 Dec 15, 2014 7:41 AM Flag

    Breaking the barrier soon .....out from short hedge predators

  • dinepat203 dinepat203 Dec 14, 2014 10:14 PM Flag

    Sydney Terrorist attack !!!

  • dinepat203 by dinepat203 Dec 14, 2014 8:15 PM Flag

    December 15th, 2014
    What You Need to Know Before You Buy a Single Ounce...
    Gold is on the brink of a historic bull run to rival that which occurred back in 2011 in the aftermath of a U.S. credit downgrade.
    People are confused, intrigued, and excited about the opportunities that await. And for good reason...
    Chinese gold demand in 2013 was more than DOUBLE global supply and mainstream estimates as the nation surpassed India as the world's top gold consumer.
    Meanwhile, gold and silver prices remain (temporarily) artificially suppressed. A recent NYU study exposed a major, game-changing, decade-long gold manipulation scheme.
    Consequently, it's only a matter of time before gold's true value rises from the ashes and it regains its rightful position as the ultimate asset in today's crumbling economy.
    Unfortunately, gold being delivered from Western vaults is turning dirty as the appeal of the lucrative profit opportunities associated with selling the precious yellow metal grows.

  • dinepat203 dinepat203 Dec 14, 2014 8:00 PM Flag

    The National Bank Thinks About The Gold Concept

    The gold reserves of the Oesterreichische Nationalbank (OeNB) and their deposits in the UK and in Switzerland are a recurring theme in political discussions. Especially the Freedom to demand the relocation to Austria, along the example of the Deutsche Bundesbank in mind, who want to move half their gold by 2020 to Germany.

    In Austria, the Court of Auditors has adopted the gold concept in its recent OeNB examination. In its draft report it provides the OeNB diverse recommendations. One of the key points: Given the “risk of a high concentration at the Bank of England”, the examiner advise to “rapidly evaluate all possibilities of a better dispersion of the storage locations”. Not only the parties should be diversified, but also the “actual spread of storing among locations”.

    Gold Relocation Possible

    The central bank has not ruled out such a relocation. The existing gold storage concept would be reviewed, potentially it will bring parts of the stored gold in the UK to Austria, OeNB experts have stated. Any changes will be decided upon security and economic criteria, according to the OeNB.

    A brief orientation on the current gold concept: Austria has 280 tonnes of official gold reserves, only a small part of (17 %) is kept in Vienna. 80 % of the reserves are located in London, the most trading partner in gold, 3% percent is stored in Switzerland.

  • The Austrian central bank is the latest central bank to bring up repatriating gold reserves from abroad.
    Gold repatriations by European central banks suggest that maybe there are more problems with the Euro than investors think.
    The European political climate is a mess as populist and anti-Euro parties gain popularity and establishment politician poll numbers plummet.
    We are starting to see gold performing very well in Euro terms with gold nearing its highest levels of the year in Euros.
    If we are right we may start to see European central banks increase gold reserves.

  • And just like that, the list of countries who want to repatriate their gold just increased by one more, because after Venezuela, Germany, the Netherlands, sorry Switzerland, and rumors of Belgium, we now can add Austria to those nations for whom the "6000 year old barbarous relic bubble" is more than just "tradition."

    From Bloomberg:

    Austrian Central Bank Mulls Relocating London Gold: Standard



    The Austrian state audit court says central bank should address concentration risk of storing 80% of its gold reserves with the Bank of England, Standard reports, citing draft audit report. Court advises central bank to diversify storage locations, contract partners.

  • dinepat203 dinepat203 Dec 12, 2014 3:01 PM Flag

    GOLD can POP $400....!!!!!!!!!!

  • With memorandum S-7258, titled "Implementation of New NYMEX/COMEX Rule Regarding Special Price Fluctuation Limits for Certain NYMEX and COMEX Metals Futures and Options Contracts" released moments ago by the CME Group, and set to become effective on December 21, 2014, and which seeks a 5 minute trading halt when "price movements in lead-month primary futures contracts result in triggering events"... "as a measure that is consistent with promoting price discovery and cash-futures price convergence" in order to "deter sharp price movements that may, for example, be driven by illiquid central limit order books prevailing from time to time in otherwise liquid markets", one wonders why now, and what does the CME know about upcoming volatility, or lack of liquidity, in the precious metals space that nobody else does (and does any of this have to do with the "berserk" algo test from November 25?)?

  • 1.International gold prices will return to rational levels after shooting high.
    2.With the status of the US dollar as the international reserve currency is shaky, a new global currency setup is being conceived.
    3.Uncertain changes will happen to gold’s traditional dollar-pricing so the US dollar’s influence on gold pricing needs to be re-evaluated.
    4.With the rise of Asian economies, China and India will continue to be the world’s pillars of physical gold demand.
    5.Gold has not only moved from West to East but will continue to move to the East.

    So, China and Europe are embracing gold prior to the replacement of the US dollar as the world reserve currency. I truly wonder what will replace the US dollar.

  • The fact the Eurosystem discloses the ratio between its allocated and unallocated gold and, more important, the fact that the portion of allocated gold is far greater and increasing, tells me the Eurosystem is allocating as much gold as they can. Add to that the Germans are currently repatriating over 600 tonnes of their allocated gold from the US and France, and The Netherlands has just repatriated 123 tonnes of its allocated gold from the US. Will the rest of the Eurosystem follow to repatriate their gold from abroad?

    The Eurosystem is surely up to something with its gold. This can only be seen in advance of a reform of the international monetary system. As Jean-Claude Trichet, former president of the European Central Bank, stated on a financial forum in Beijing at the end of October 2014:

  • 3 Hrs not allowed below $1220

  • dinepat203 dinepat203 Dec 12, 2014 1:33 PM Flag

    Two good descriptions of unallocated gold accounts from the LBMA:

    To take the analogy of simple currency bank accounts, precious metal bars, of any form, may be drawn down, or allocated, from an unallocated account in just the same way that bank notes with specific unique numbers may be drawn out of a bank checking account.

    As you might know bank accounts are fractionally backed.

    UNALLOCATED ACCOUNT: An account where specific bars are not set aside and the customer has a general entitlement to the metal. This is the most convenient, cheapest and most commonly used method of holding metal. The holder is an unsecured creditor.

    The fact the Eurosystem discloses the ratio between its allocated and unallocated gold and, more important, the fact that the portion of allocated gold is far greater and increasing, tells me the Eurosystem is allocating as much gold as they can. Add to that the Germans are currently repatriating over 600 tonnes of their allocated gold from the US and France, and The Netherlands has just repatriated 123 tonnes of its allocated gold from the US. Will the rest of the Eurosystem follow to repatriate their gold from abroad?

  • dinepat203 dinepat203 Dec 12, 2014 10:57 AM Flag

    GOLD IS SHOOTING...UP

  • dinepat203 dinepat203 Dec 12, 2014 10:18 AM Flag

    GOLD BACK ABOVE $1220 .................Live

  • Reply to

    Buyout?

    by longviewcapital Dec 11, 2014 10:37 AM
    dinepat203 dinepat203 Dec 12, 2014 9:25 AM Flag

    Newmount Gold & Barrick Gold merger announcement coming up....

    Some bankers say companies are increasingly discussing forming joint ventures to share costs -- such as power generation, geologists and regional offices -- for mines that operate near each other. But recent precedent isn't good. Barrick and Newmont looked at this in Nevada, but talks have so far gone nowhere.

    Sharing operations without combining companies is difficult. "Each company is going to have its own interest at heart," said Patrick Chidley, a mining analyst at HSBC Securities.

  • Why Are Some Mainstream Investors Buying Gold?
    The negative headlines we all see about gold come from the mainstream. Yet, some in that group are buyers.

    Ray Dalio runs the world's largest hedge fund, with approximately $150 billion in assets under management. As my colleague Marin Katusa puts it, "When Ray talks, you listen."

    And Ray currently allocates 7.5% of his portfolio to gold.

    He's not alone. Joe Wickwire, portfolio manager of Fidelity Investments, said last week, "I believe now is a good time to take advantage of negative short-term trading sentiment in gold."

    Then there are Japanese pension funds, which as recently as 2011 did not invest in gold at all. Today, several hundred Japanese pension funds actively invest in the metal. Consider that Japan is the second-largest pension market in the world. Demand is also reportedly growing from defined benefit and defined contribution plans.

    And just last Friday, Credit Suisse sold $24 million of US notes tied to an index of gold stocks, the largest offering in 14 months, a bet that producers will rebound from near six-year lows.

    These (and other) mainstream investors are clearly not expecting gold and gold stocks to keep declining.

    Why Are Countries Repatriating Gold?
    I mean, it's not as if the New York depository is unsafe. It and Ft. Knox rank as among the most secure storage facilities in the world. That makes the following developments very curious:
    Netherlands repatriated 122 tonnes (3.9 million ounces) last month.
    France's National Front leader urged the Bank of France last month to repatriate all its gold from overseas vaults, and to increase its bullion assets by 20%.
    The Swiss Gold Initiative, which did not pass a popular vote, would've required all overseas gold be repatriated, as well as gold to comprise 20% of Swiss assets.
    Germany announced a repatriation program last year, though the plan has since fizzled.
    And this just in: there are reports that the Belgian central bank is investigating repatriation of its gold reserves.

  • LONDON (Reuters) - Gold edged lower on Friday as some buyers cashed in recent gains, but remained on track for its biggest weekly rise since June as the dollar retreated and sliding oil prices hurt risk appetite and stocks.

    Gold is up nearly 3 percent so far this week, following a 2.1 percent jump the previous week. Falling stock markets have prompted some investors to buy the metal as an alternative asset, while a drop in the greenback made dollar-priced bullion cheaper for other currency holders.

  • dinepat203 dinepat203 Dec 12, 2014 9:09 AM Flag

    The long-time gold bear is intrigued by the metal’s recent bounce, which has helped lift the SPDR Gold Shares ETF (GLD) 5.3% higher during the past month. “A run to $1,250 or $1,280 [an ounce] is certainly possible for gold, certainly when you break a downtrend that is more than a couple of weeks old.”

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