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McEwen Mining Inc. Message Board

jj719903 38 posts  |  Last Activity: Jul 23, 2014 1:49 PM Member since: Jan 30, 2004
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  • Reply to

    Gold Forecaster Says $2,000 in 2014

    by jj719903 May 15, 2014 2:17 PM
    jj719903 jj719903 May 15, 2014 2:44 PM Flag

    That's why people pay him 20K a year to subscribe....keep on bashing for options Friday.

    It's sad when someone cannot make currency honestly.

  • Reply to

    Insider Buying

    by on_kelp_9 May 12, 2014 9:27 PM
    jj719903 jj719903 May 14, 2014 1:53 PM Flag

    Canadian insider....

    May 11/14 May 8/14 Langille, David Carlo Direct Ownership Common Shares 30 - Acquisition under a purchase/ownership plan 21,657
    May 12/14 May 5/14 Gallagher, James Elvin Direct Ownership Common Shares 10 - Acquisition in the public market 115,000 $0.283
    May 9/14 May 2/14 Gallagher, James Elvin Indirect Ownership Common Shares 30 - Acquisition under a purchase/ownership plan 6,325
    May 9/14 May 2/14 Du Toit, Philippus Indirect Ownership Common Shares 30 - Acquisition under a purchase/ownership plan 20,672
    May 9/14 May 2/14 Lofsky, Tess Lee Ann Indirect Ownership Common Shares 30 - Acquisition under a purchase/ownership plan 16,202

  • Kitco News speaks with gold forecaster Bo Polny, who is calling for $2,000 gold in 2014. Polny called the top & the bottom for gold this year and now says the yellow metal is in its third phase of a 21-year bull run. Tune in now to learn how he looks at cycles to analyze the gold & silver markets. Kitco News, May 14, 2014.

    MCP stays in extreme oversold territory after options expiration this Friday? Don't think so!

    Sentiment: Strong Buy

  • TORONTO, ONTARIO May 20, 2014

    The Fosterville Gold Mine increased estimated Measured and Indicated Mineral Resources to 2.1 million ounces of gold, a 30% increase. Total estimated Measured and Indicated Mineral Resources increased to 16.6 million tonnes at 3.87 g/t Au.
    Results from exploration drilling at Fosterville indicate significant potential for further Mineral Resource growth through ongoing drilling from surface and underground.
    The Cosmo Gold Mine increased estimated Measured and Indicated Mineral Resources to 500,000 ounces of gold, a 4% increase. Total estimated Measured and Indicated Mineral Resources increased to 4.5 million tonnes at 3.43 g/t Au.

    Results from exploration drilling at Cosmo indicate the deposit remains open at depth down plunge and holds significant potential for further Mineral Resource growth.
    Crocodile Gold Corphas updated the Mineral Reserves and Resources Estimates at the Company's Fosterville Gold Mine as a result of the successful exploration drill program detailed in the Press Release of March 12, 2014. In addition, the Company has updated the Mineral Reserve and Resource statement for the Cosmo Gold Mine. Separate technical reports are being prepared in accordance with NI 43-101 for each of the project areas and will be filed on SEDAR within 45 days of this news release.

    Rodney Lamond, President and CEO of Crocodile Gold, commented: "I am pleased to announce that Crocodile Gold has significantly increased the Measured and Indicated Mineral Resource categories for both Fosterville and Cosmo Gold Mines. The substantial increase in Mineral Resources at Fosterville has extended the current Life of Mine plan and provides for potential Mineral Reserve increases as infill drilling continues. At Cosmo, the exploration drilling programs have focused on near term targets and have significantly increased the Measured Mineral Resource category.

  • jj719903 jj719903 May 12, 2014 3:30 PM Flag

    The debt was spun out of thin air,... ( book entries)...by and for the fraudsters. Do you see that business model lasting much longer? Investment banking was a con by design. CME wonders why sales volume is dropping on the Crimex?

    Let's change the rules and allow gold & silver to rise by 1%. Duh...that algo has been in place for a long time. That is why folks will trade in other parts of the world or not trade at all.

  • Reply to

    Gold Forecaster Says $2,000 in 2014

    by jj719903 May 15, 2014 2:17 PM
    jj719903 jj719903 May 15, 2014 3:04 PM Flag

    Check out message board fools...Bashers handbook...you fit the grade D basher.

    If you are trying to convince someone that a bunch of naked shorts with the help of a few downgrades is worth the ill gotten gains...enjoy!

  • Unexpectedly, the LBMA announced early this morning that it would be closing down the daily silver price-fixing, effective August 14 (article link from Marketwatch). While I’m sure the Ross Normans and Bron Sucheckis of the world will issue some kind of absurdly puerile rationalization full of empty rhetoric and shameless propaganda for this event, it is an unmistakable acknowledgement that the London precious metals price fix is rigged.

    Recall that Deutsche Bank recently gave up its seat on the price fix committees of gold and silver after trying hard to find a buyer for the position. No bank wanted the seat because they all know that it comes with billions in potential liabiity. The last time a gold fix seat changed hands, the Rothschild banking cartel sold its seat to Barclays for $1 million. The Rothschild organization, which had been part of the fix since it was formalized in September 1919, offered no explanation for its sudden withdrawal from the fixing.

    With formal investigations and oversight now occurring, and with Deutsche Bank’s resignation, the move to close down the silver fix is implicit confirmation that the London gold and silver markets are rigged. Although the gold fix should be shut down as well, and both immediately, I believe that the western Central Bank/bullion bank cartel has no choice but to keep the gold fix going. I suspect that short of an eventual default and collapse of the LBMA – just like the London Gold Pools of the 1960′s defaulted and collapsed – will prevent the corrupt banks from maintaining the rigged gold fix.

    WIth that in mind, however, the LBMA can do nothing to hide the deep red Scarlet Letter of admission which now marks the London gold/silver fix, which is perhaps why the news announcement came with no explanation. To be sure, this event has also added confirmation to anyone with remaining doubt about the corrupt and rigged nature of the western precious metals markets.

    Dave Investment Research Development

  • Exit stage right!

    Citing sources, the NY Post reports that another 10K job cuts are coming on top of previously announced layoffs. A Wall Street executive tells the NY Post that JPM projects were put on hold at the equity unit, which may impact the jobs of computer programmers.
    The piece, citing analysts, also suggests that CEO Jamie Dimon may seek exit.

  • Tanzanian Royalty Exploration Corporation is pleased to announce that Buckreef Gold Company Limited has been awarded the Environmental Impact Assessment Certificate for its Buckreef Gold Project in Tanzania.

    Receipt of this Certificate is the final approval necessary and confirms that all requirements for mining on the Buckreef Gold Mine project area have been fulfilled.

    Buckreef Gold Company Limited is a joint venture company owned by Tanzanian Royalty Exploration Corporation and the State Mining Corporation (STAMICO), representing the Government of The United Republic of Tanzania.

    The Environmental Impact Assessment Certificate was issued and signed by The Minister of State, Vice-President's Office-Environment, The Honourable Eng. Dr. Binilith Satano Mahenge (MP) and was received on the 27th of May, 2014. The process of obtaining an Environmental Impact Assessment Certificate is complex and involves multiple independent consultants, stakeholders and institutions, which have all given their stamp of approval for production at the Buckreef site, including .the professional national environmental body and the National Environment Management Council ("NEMC").

    In a message to shareholders, Mr. Joseph Kahama, Chairman and COO (Tanzania) said: "Your Company takes great pride in being partners with STAMICO in the Buckreef Project and plans to make every effort to continue its advancement to production and returning value to all its shareholders. I look forward to exciting times ahead and to keeping you abreast of developments as we move steadily forward."

    Respectfully submitted,
    Joseph Kahama
    Chairman and Chief Operating Officer (Tanzania)

  • jj719903 jj719903 Jun 1, 2014 9:53 AM Flag

    The banking/ hedge fund trolls are incredibly thick all over the message boards. Sinclair's TRX has a special place in their corrupt little minds. They hate the public getting educated about their crimes.

    wild_gold, here's a nice play by play video of the Crimex Cabal Operation. They honestly think this system is going to last.

    Search...Golden Truth #2 - Comex Options Expiration: Orchestrated Price...jj

  • Kitco News speaks with gold forecaster Bo Polny, who is calling for $2,000 gold in 2014. Polny called the top & the bottom for gold this year and now says the yellow metal is in its third phase of a 21-year bull run. Tune in now to learn how he looks at cycles to analyze the gold & silver markets. Kitco News, May 14, 2014.

  • VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 23, 2014) - New Zealand Energy Corp. ("NZEC" or the "Company") (TSX VENTURE:NZ)(OTCQX:NZERF) today announced that the Company has relinquished the Castlepoint and Wairoa permits in the East Coast Basin of New Zealand's North Island.

    NZEC continues to hold a 100% interest in the East Cape Permit, which covers 1,048,406 onshore acres in the East Coast Basin, and also controls 97,637 net acres across six permits in the Taranaki Basin of New Zealand's North Island.

    "NZEC is focused in the near-term on its Taranaki Basin permits that offer near-term production potential. The Company has also retained its East Cape Permit, which gives the Company more than one million acres and five years to explore the unconventional oil shales and unlock the potential of New Zealand's East Coast Basin," said John Proust, Chief Executive Officer of NZEC. "Relinquishing the Castlepoint and Wairoa permits has reduced our work program commitments by $13.9 million for 2014, and $54.3 million over the life of the relinquished permits. The Company's work program commitments for the East Coast for the remainder of 2014 are now only $64,000. The Company's Taranaki work program commitments for the remainder of 2014 are $3.2 million, of which approximately $320,000 relate to the Company's producing assets.

    "NZEC's work on the Castlepoint and Wairoa permits has provided the Company with significant technical information and insight into the Waipawa Black Shale, which will guide the Company's exploration strategy on the East Cape Permit," continued Mr. Proust. "For example, one of the stratigraphic wells that NZEC drilled on the Castlepoint Permit identified a Waipawa horizon that the Company's geology team believes may extend northward into the East Cape Permit. In addition, NZEC's community engagement activities have allowed the Company to build strong relationships with regulators, landowners and iwi communities in the East Coast Basin.

  • Reply to

    Banks Sued on Claims of Fixing Price of Gold

    by jj719903 May 7, 2014 10:21 PM
    jj719903 jj719903 May 7, 2014 10:25 PM Flag

    of global foreign exchange rates.

    “A lot of conspiracy theories have turned out to be conspiracy fact,” said Kevin Maher, a former gold trader from New York, who filed the first suit against the banks. (The case is Maher v. Bank of Nova Scotia, 14-cv-01459.) “We now know that Libor was manipulated and that a bad odor is coming out of the Forex market. So why not gold?”

    Mr. Maher, who started trading gold in 1993, said he filed his suit reluctantly and only after he became convinced that official regulators were unwilling or unable to investigate the fix. “I didn’t feel like there was any oversight, either from the government or from self-regulating entities,” he said in an interview last month. “A lawsuit seemed to be the only means to rectify the problem.”

    Over the last few weeks, so many plaintiffs have joined Mr. Maher with copycat complaints that a hearing was held to consolidate the cases and to appoint a lead lawyer. The fourth-floor courtroom was so full of lawyers that it took nearly 15 minutes for all of them to introduce themselves. “I want to do this in an organized way to figure out who’s who,” said Valerie E. Caproni, the presiding judge. “Not,” she added, “that I’ll remember.”

    The lawsuits — and there are still more being filed — center on two main aspects of the gold fix: the fact that it is unregulated and that member banks can trade gold, and gold derivatives, during the call.

    “The gold fix is by its very nature not transparent and therefore vulnerable to conspiratorial and manipulative behavior,” one of the suits maintains. The suit claims: “The lack of prohibition against trading during the calls allows defendants to gain an unfair trading advantage because pricing information exchanged during the calls provides them with insight into the immediate future direction of gold and gold derivative prices.”

    As proof that collusion exists, the suits point to a handful of academic studies — some of them unpublished

  • Frustrated traders and offbeat activists have complained for years in whispers and in online screeds that the price of gold has been subject to collusion. On Monday, these accusations of manipulation found a more august arena for expression: the federal courts.

    At a 40-minute hearing, lawyers for more than 20 plaintiffs gathered in Federal District Court in Manhattan to coordinate their linked lawsuits against the five banks that make up what is known as the London gold fix. The suits, filed by hedge funds, private citizens and public investors like the Alaska Electrical Pension Fund, contend that the banks have used their privileged positions as market makers to rig the price of gold to their benefit.

    The lawsuits — the first of which was filed in March — question the integrity of the gold fix, which dates to 1919, when a handful of bankers began to meet in the wood-paneled offices of N. M. Rothschild & Sons in London. The purpose of the fix is to set a benchmark price for gold, which is subsequently used by dealers, central banks and mining firms to buy and sell the precious metal and its various derivatives.

    These days, the fix takes place by phone twice a day — at 10:30 a.m. London time and again at 3 p.m. — and generally lasts 10 minutes to an hour.

    According to one of the suits, “The ‘great flaw’ of the gold fixing process is that the member banks trade on the information exchanged during the call to manipulate the price of gold and gold derivatives before publication of the gold fix to the wider market.”

    Each of the banks — Barclays, Scotiabank, Deutsche Bank, HSBC and Société Générale — denied, or declined to comment, on the accusations of collusion, which — at least traditionally — have been dismissed as a conspiracy theory. Nonetheless, concerns that the gold fix may be rigged have escalated of late in part because of investigations into the setting of the London interbank offered rate, or Libor, and suspicions about manipulation

  • Reply to

    ANV beats estimates by +.08

    by goldbullrun May 5, 2014 5:41 PM
    jj719903 jj719903 May 5, 2014 7:07 PM Flag

    Allied Nevada Gold beats by $0.08, beats on revenues • 6:56 PM

    Allied Nevada Gold (ANV): Q1 EPS of $0.00 beats by $0.08.
    Revenue of $85.52M (+74% Y/Y) beats by $1.98M.

  • According to Kyodo News, the Chinese report says key North Korean leaders should be detained in special camps where they can be monitored, but also prevented from directing further military operations or taking part in actions that could be damaging to China’s national interest.

  • Twitter

    "Do what Warren Buffet does. Move out of paper money, into hard assets like railroads, oil, natural gas"

  • Reply to

    Armstrong

    by ludwigvonmises2 May 13, 2014 3:43 PM
    jj719903 jj719903 May 13, 2014 7:35 PM Flag

    Glenn Greenwald says NSA bugs tech hardware en route to global customers

    Routers and servers implanted with beacons by NSA, says journalist who broke Edward Snowden story
    CBC News Posted: May 13, 2014 5:00 AM ET

  • Snippet.... I would like to see something like that happen. However, we must keep in mind that we require the crash and burn. Society moves through waves of Creative Destruction. We must see the system collapse and that will then set the stage for a rebirth. The object is to be there when that happens. This will be the moment of truth. Society will swing either toward more authoritarian or toward real democracy.

  • Crimex going out of business?

    May 5, 2014 .....New 1,400-tonne Kaloti refinery will be one of world’s biggest and shift balance of power in trade

    Dubai: In the desert on the outskirts of Dubai, one of the world’s biggest gold refineries is under construction. When completed next year, it will help to alter the balance of power in the global gold industry.
    Growth in demand for the precious metal is shifting east, to Asia’s fast-growing economies. But key industry activities such as refining and clearing ­ matching investors’ buy and sell orders ­remain dominated by Europe and the US.

    The $60 million refinery being built by Kaloti Precious Metals in Dubai is part of efforts to change that pattern, as is a plan by the Dubai Gold and Commodities Exchange to introduce a spot gold contract this June.
    “Dubai is already a top global centre for gold trading,” Tarek Al Mdaka, chief executive of Kaloti Precious Metals, said in an interview. “The refinery is part of the next stage, making Dubai a top centre for physical gold refining and clearing.” If Dubai succeeds, it will be a new example of how the emirate can use its proximity to top consumers in India and China, low-tax environment and highly developed transport sector to muscle in on industries controlled by others.

MUX
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