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McEwen Mining Inc. Message Board

jj719903 87 posts  |  Last Activity: 8 hours ago Member since: Jan 30, 2004
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  • Russia Busts "Gold-Selling" Rumors, Reports It Bought Another 600,000 Ounces Taking Gold Holdings To New Record High

    Yesterday, when we reported the latest rumor of Russian gold selling, this time out of SocGen, we said that "it should be noted that SocGen and its "sources" have a conflict: in an indirect way, none other than SocGen is suddenly very interested in Russia stabilizing its economy because as we wrote before, "Russia Contagion Spreads To European Banks : French SocGen, Austrian Raiffeisen Plummet" which also sent SocGen's default risk higher in recent days. So if all it will take to stabilize the RUB sell off, reduce fears of Russian contagion, and halt the selloff of SocGen stocks is a "source" reporting what may or may not be the case, so be it."

    Moments ago, as if to deter further speculation that Russia is indeed converting hard money earned from real resources for fiat paper, the Russian monetary authority made it quite clear, that at least in November, Russia not only did not sell any gold, but in fact bought another 600K ounces in the month of November.

    RUSSIAN MONETARY GOLD HOLDINGS RISE VS 37.6M ON NOV. 1
    RUSSIAN MONETARY GOLD HOLDINGS 38.2M TROY OZ AS OF DEC. 1
    So we can now add another 600K to Russia's most recent holdings:

    Which of course means that the very "Russia is selling" rumors that were so effectively used to keep the price of gold low into the recent risk-flaring episode, were capitalized on by the very same Russia, which we do however know sold some $8 billion in US Treasurys in October bringings its total holdings of US paper to the second lowest since 2008...

    ... and which used these same low prices not to sell, but to buy. At the lowest prices possible. Zero Hedge

  • Koos Janson Posted on 19 Dec 2014

    There are rumors doing the rounds that Russia is selling gold. My first reaction to this news was that is contradictory to what Putin stands for. Russia has been the most openly aggressive buyer of gold in the past years and Putin never made it a secret he wants to move away from the US dollar as the world reserve currency – gold potentially playing a role in a new monetary order. The last thing Russia wants to do is sell the asset they have demonstrated to value the most. Besides, the Russian central bank (CBR) also has other FX reserves that it could sell to support the Ruble, if it wants to intervene.

    The rumors about Russia selling gold were spread by Yahoo, Business Insider, and Zero Hedge/SocGen. Two other bloggers already did the debunking for us; Market Update wrote about Yahoo’s article and Bron Suchecki just published a must read on Zero Hedge/SocGen/Business Insider.

    The final confirmation came from Vladimir himself. Yesterday the President of Russia gave his yearly press conference. When journalist Vyacheslav Terekhov (Interfax) asked about the crisis Russia currently is in, Putin made a clear statement:

    VYACHESLAV TEREKHOV: There is something I would like to clarify, Mr President. Judging by the situation in the country, we are in the midst of a deep currency crisis, one that even Central Bank employees say they could not have foreseen in their worst nightmares.

    Do you believe that things will get better in two years, as you mentioned, and we will recover from this financial and economic crisis? Criticism was piled on the Government and the Central Bank for the ruble’s Black Monday and Tuesday. Do you agree with this criticism?

    VLADIMIR PUTIN: I said that given the most unfavourable foreign economic situation this could last (approximately, because no one can say for certain) for about two years. However, it may not last that long and the situation could take a turn for the better sooner.continued bullionstar

  • bloomberg - DECEMBER 17, 2014

    Dec. 16 (Bloomberg) -- On today’s “The Roundup,” James Rickards, author of “Currency Wars,” Bloomberg's Trish Regan, Lisa Abramowicz and Douglas Lavanture o Street Smarts.

    Jim Rickards discusses China and Russia Stockpiling Gold trying to Get Out of the Dollar also the Fed, LTCM, SONY, QE4 & More:

    Trish & Lisa freak out over Jim's suggestion of QE4 in 2016 ?

  • Ann barnhardt Dec 17, 2014

    There are actually TWO Barnhardt Axioms. The second Barnhardt Axiom is:
    Seeking and/or holding office, especially national-level office, is today, in and of itself, proof that a given person is psychologically and morally unfit to hold public office.

    The first, older Barnhardt Axiom is:

    If you can’t stand in front of something and physically defend it with a firearm, then you don’t own it, and probably never did.

    The fifth largest Commodity trading company (not a brokerage firm per se, but specializing in trading commodities in both the physical and on paper) just announced that they are ceasing ALL gold trading activity. Why? Because the PHYSICAL GOLD that is allegedly stored and/or backing the paper markets ISN’T THERE, everyone knows it, and they want out before the manure impacts the rapidly spinning airfoils.

    This is called a "mokita", from a language in Papua New Guinea, meaning "a truth everybody knows but nobody speaks".

    Yup. I’ve been saying this for years. COMEX warehouse receipts are a joke, as are ETFs (Exchange Traded Funds). I wonder what the factor is on "owners" of each serial number? Kyle Bass was beyond smart to get his physical gold out of COMEX years ago – essentially cashing out of the Ponzi super-early, before it collapsed, which is the one and only viable strategy when one finds oneself unwittingly in a Ponzi – as Bass did with regards to COMEX.

    Kyle Bass says COMEX can't deliver ...video

    Last month DeutscheBank also announced that it would cease all physical precious metals trading. Yup. The jig is up, methinks. The metal simply isn’t there, and these people are getting out not out of a profound sense of moral responsibility, but rather like vermin exiting a sinking ship. How does one defend oneself when after taking delivery of a certain bar, or even just owning on paper, and fifty other claimants show up, each carrying a warehouse receipt with exactly the same serial number?

  • jj719903 jj719903 Dec 17, 2014 6:13 PM Flag

    Jim Rickards @JamesGRickards · 2 hours ago
    People have been debating whether the #Fed will raise rates in March or June. The March people got whacked today. June will get whacked next

    Jim Rickards @JamesGRickards · 2 hours ago
    I chatted with a voting #FOMC member recently. He told me he's never had a "government job." Technically that's correct.

    Jim Rickards @JamesGRickards · 3 hours ago
    #Yellen said the "financial system" is less leveraged than before the crisis. That's wrong unless central banks are not part of the "system"

    Jim Rickards @JamesGRickards · 3 hours ago
    Polygraph operators & intelligence analysts get more out of body language than words. #Yellen just threw the NY Fed under the bus.

    Jim Rickards @JamesGRickards · 3 hours ago
    #Yellen tried to express confidence in the New York Fed and choked on her own words. Fascinating.

    Jim Rickards @JamesGRickards · 3 hours ago
    #Yellen calls the oil price decline "like a tax cut." Yeah, except for the trillion dollars of bond defaults coming.

    Jim Rickards @JamesGRickards ·4 hours ago
    I've met privately with many central bankers. Don't ever think they know what they're doing, My 3-min video explains:

  • 2.76 million views. Scam is still in full bloom. The shell game of open market operations is explained in detail, along with the fractional reserve ponzi scheme.

    Perfect video for today's meeting.

    Don't miss the comments by Ron Paul, James Rickards and Steve Forbes at end of video.

  • Reply to

    insiders buying at higher prices

    by xwolf2013 Feb 21, 2013 12:38 AM
    jj719903 jj719903 Dec 17, 2014 3:34 PM Flag

    insiders - follow the leaders
    Gold Canyon Resources Inc. (GCU) has the following new filing(s) recently:

    LEVINSON, AKIKO (President, Chief Executive Officer, Director)
    SEDI Insider Relationship:
    4 - Director of Issuer
    5 - Senior Officer of Issuer

    Acquired 10,000 Common Shares (Direct Ownership) at a price of $0.125 through the public market on December 15th, 2014 (Holdings Change* of 0.3%)

    Insider transaction information sourced from SEDI®

    From stockhouse

  • Great comments section...for folks that get tired of the BS here.

    By Turd Ferguson | Tuesday, December 16, 2014 at 10:32 am

    As historic events unfold around us, and with markets moving so quickly around the globe, I thought we should try something different today. Hopefully this open thread provides a forum for the free exchange of ideas and opinions as well as headline updates for all the global markets.

    My opinion is this:

    With overt sanctions against Russia having minimal impact, the U.S. set out on a course of covert sanctions last summer. Among these was a plan to manipulate down the paper price of crude oil as Russia derives nearly 15% of its national income from the sale of crude.

    Once price broke $90, the spec algos took over and the growing momentum of the trade has driven price well beyond what the central planners originally thought possible. Now closing in on $50, the decline has imperiled all sorts of economies, currencies and derivatives around the globe.

    Chief among those imperiled is the original target, Putin's Russia, which has seen the ruble devalue by nearly 50% in past few months, 20% in just the past few days. The US and NATO are already fighting a proxy war versus Russia in Ukraine. How might these events intensify the battles there?

    And there are all sorts of other "unknown unknowns" here:

    The $4T in US TBTF bank commodity derivatives, the majority of which are linked to crude oil.
    The collapsing currencies and equity markets of other crude oil producing nations.
    The US high yield bond market with an abundance of debt issued by energy companies.
    Might even Russia surprise the world by "thinking outside the box", if you get my drift?
    So, anyway, please discuss all of this here and be sure to add your own ideas and theories. I'm going to make this a public thread so that anyone stopping by will have the opportunity to explore the collective wisdom of Turdville.

    Continued....

  • By Pam Martens: December 16, 2014

    Citigroup is the Wall Street mega bank that forced the repeal of the Glass-Steagall Act in 1999; blew itself up as a result of the repeal in 2008; was propped back up with the largest taxpayer bailout in the history of the world even though it was insolvent and didn’t qualify for a bailout; has now written its own legislation to de-regulate itself; got the President of the United States to lobby for its passage; and received an up vote from both houses of Congress in less than a week.

    And there is one more thing you should know at the outset about Citigroup: it didn’t just have a hand in bringing the country to its knees in 2008; it was a key participant in the 1929 collapse under the moniker National City Bank. Both the U.S. Senate’s investigation of the collapse of the financial system in 1929 and the Financial Crisis Inquiry Commission (FCIC) that investigated the 2008 collapse cited this bank as a key culprit.

    The FCIC wrote: search title

  • It looks like Jim Sinclair isn't going to get into a #$%$ match with a writer that refuses to give his name and is worried about being sued if he comes clean. From the comments section of his latest...
    -------------------------------------------------------------------------------------------------------------
    This article is designed to call out a CEO by name, shouldn't it work both ways? Thanks

    You should focus on the analysis and conclusions and not my true identity. James Emerson is a pseudonym so of course SUNY hasn't heard of me.
    ----------------------------------------------------------------------------------------------------------------
    Even Kramer Miller uses his name .. even a photo ! ... In my opinion JAMES EMERSON is an opportunistic short looking for liquidity thats all ...
    -----------------------------------------------------------------------------------------------------------------
    Independent researcher Steve St. Angelo (SRSrocco)
    Mr. Emerson says he doesn't use his real name because he could be sued by Jim Sinclair. Nice excuse, but still a lousy one at that.
    ----------------------------------------------------------------------------------------------------------------------------------
    SRSrocco,
    Mr. Emerson isn't revealing his name because he's a fraud. Why else would he lie about working at a university? It's one thing to create an alias, but another to lie and make up false titles.

    As for suing, the reason why Sinclair can't sue is because SeekingAlpha is based in Israel and is untouchable in terms of lawsuits.

  • My Dear Extended Family,

    The blogger named James Emerson does not exist. He or she is writing under an assumed name, on a website operated by a company based offshore, and Tanzanian Royalty does not give credence to any commentator who refuses to be accountable. In addition, the company cannot by law give selective disclosure to reporters, but must disseminate the same information to all investors. Investors should refer to the company's news release dated December 9, 2014.

    If you have any questions about the company, please feel free to phone Tanzanian Royalty directly. We aim to dispel any lies and to address any concerns you may have. You may also call me directly at my office or on my cell. The numbers are as follows:

    Office: 844 364 1830
    Cell: 860 671 0846

    Respectfully yours,
    Jim

  • Reply to

    Answer for Bochat

    by jj719903 Dec 13, 2014 4:47 PM
    jj719903 jj719903 Dec 13, 2014 6:06 PM Flag

    He may have been referring to....

    2) Why does Tanzanian Royalty believe that no payment is due to Stamico pursuant to Article 5.2(c) of the JV Agreement?

    I copied and pasted some questions from the board and told him I thought it was a waste of time since you folks have been bashing TRX since 2011. He did thank me for trying.

    You proved my point about getting answers from him. All you are going to do is pick things apart.

    The answer I received about money being owed to Stamico was the same... In the contract is is clearly stated that if the time delay is a product of delay by the government that delay does not impact our time schedule. We are well in advance of that.

    If you need to know something he is able to answer, call him like anyone else does, with the exception of AKA Emerson and folks that are playing the short side.

  • jj719903 by jj719903 Dec 13, 2014 4:47 PM Flag

    I am interested in the company and would like to know the answer to the following questions?
    1) What is the ‘Effective Date’ as defined in the Joint Venture Agreement for the Re-Development of Buckreef Gold Mine?
    .

    A.. In the contract is is clearly stated that if the time delay is a product of delay by the government that delay does not impact our time schedule. We are well in advance of that.

    Investor relations replied with an invitation to speak with Mr. Sinclair. I am somewhat surprised that they responded and not at all surprised that they didn't answer any questions. I guess I am going to have to get a burner phone. Hopefully, Mrs. Bochat won't find out out or she will be very suspicious

    A.. communicating with the CEO of this company is quite easy. you just did.

  • Reply to

    E-mail to TRX Investor Relations

    by jj719903 Dec 12, 2014 8:57 PM
    jj719903 jj719903 Dec 13, 2014 9:42 AM Flag

    JJ. Relbo didnt get any answers thats fact. Wrong! An invitation to speak with Mr. Sinclair is not an attempt at communication? Relbo's mission wasn't to get answers, it was to lie to his wife and mislead investor relations, using a burner phone. Alltför dåligt!

    relbochat • 3 hours ago
    Investor relations replied with an invitation to speak with Mr. Sinclair. I am somewhat surprised that they responded and not at all surprised that they didn't answer any questions. I guess I am going to have to get a burner phone. Hopefully, Mrs. Bochat won't find out out or she will be very suspicious

    relbochat does have reason to worry about his wife finding his burner phone. Being a Title One Specialist and member of the amazing Walnut family, could hamper his lies to her. I do commend her for teaching and having the will to reside in the same house.

    My name is Deedra Bochat and I am beyond thrilled to be part of the amazing Walnut family. This is my fourth year at Walnut and my second year teaching 4th grade, and first year in 5th. Previously, I worked in the CVUSD for six years as a Computer Specialist, Title One Specialist, and First grade teacher. I received my Teaching Credential and Masters through Cal Lutheran University.

    You can't say, I didn't make an attempt at putting the parties together to get fact. AKA Emerson is another story. He writes articles on assumption, that are designed to help his short positions of the hedge fund he works for. He was quite capable of contacting Mr. Sinclair and getting the facts. I used the AKA Emerson model of assumption, locating relbochat's wife. That is how the model works.

  • Reply to

    JJ why

    by aaafamler Dec 12, 2014 10:52 AM
    jj719903 jj719903 Dec 12, 2014 12:56 PM Flag

    Toll Free: 1-844-364-1830

  • Another one gets what is going on?

    Submitted by Tyler Durden on 12/12/2014 12:11 -0500

    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.

    Austrian central bank reviewing gold storage concept, doesn’t rule out relocating some of its gold from London to Austria: Standard cites unidentified central ank officials. Austria has 280 tons gold reserves, according to 2013 annual report. Austrian Audit Court Will Review Nation’s Gold Reserves in U.K.

    Continued...ZH

  • December 12, 2014

    SEC Chief Seeks Mutual Fund Stress Tests (link)

    Is she worried about the large body of mutual funds that bloated up with derivatives? Is she worried about the lack of liquidity in the bond market? Did Mary Jo White see a burning bush that spoke to her about the system derivatives risk embedded in every crevice of the financial markets?

    I warned everyone less than a year ago to get out of your bond mutual funds. Get out NOW. A good friend of mine who is a hedge fund consultant told me yesterday that he spoke to a big bond fund manager who is terrified about the lack of liquidity in the corporate bond market. This guy couldn’t get a bid on some paper he wanted to sell this week. A year ago he could have moved it in one phone call.

    The system is collapsing. We have seen several clear indications of that just this week…

    investmentresearchdynamics

  • Reply to

    JJ why

    by aaafamler Dec 12, 2014 10:52 AM
    jj719903 jj719903 Dec 12, 2014 11:42 AM Flag

    Why have you not refuted 1 thing that emerson said? Are you in on it also?

    Just for you...the company does not owe the money. If "AKA" Emerson, had called Sinclair before writing the article, he could have had an article with both sides of the situation told. Its like that Rolling Stone article that had to be retracted. I have been a shareholder TRE since it came out on the AMEX.

    I have not been posting because of all the BS. "No, I am not in on anything". I learned how to use a telephone. Most on this board will not, because it goes against their agenda.

  • jj719903 jj719903 Dec 12, 2014 10:40 AM Flag

    Performance clauses work both ways. There is no money owed.

    Thanks for the smart #$%$ reply. I was working on getting your answers, but you just blew it with me.

  • jj719903 jj719903 Dec 12, 2014 10:35 AM Flag

    Actually i emailed investor relations 7 questions. I have yet to receive an answer.

    I mentioned to him, someone on this message board said they emailed him and hadn't received a reply. He said all his emails have been answered. You can call him.

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