No Surprise Here:
The U.S. Department of Justice and the Commodity Futures Trading Commission are investigating at least 10 major banks for a possible rigging of precious-metals markets, the Wall Street Journal reported, citing people close to the inquiries.
Justice Department prosecutors are scrutinizing the price-setting process for gold, silver, platinum and palladium in London, while the CFTC has opened a civil investigation, the newspaper said.
The banks under scrutiny are HSBC, Bank of Nova Scotia, Barclays PLC, Credit Suisse Group AG, Deutsche Bank AG, Goldman Sachs Group Inc, JPMorgan Chase & Co, Societe Generale, Standard Bank Group Ltd and UBS AG, the newspaper said.
Reuters could not immediately reach the banks, the DoJ and the CFTC for comment outside regular U.S. business hours.
HSBC said earlier in the day that the CFTC issued a subpoena to HSBC Bank USA in January seeking documents related to the bank's precious metals trading operations.
HSBC was one of a number of banks named in lawsuits filed in U.S. courts last year alleging a conspiracy to manipulate gold, silver, platinum and palladium prices, plus precious metals derivatives, during the daily precious metals fixes.
Just try to imagine what will happen when shorts begin to panic and try to cover. What will happen if they try to buy back 31.27 million shares? Well, for starters the market will be halted on DNDN. Then after one or two days of trying to match buy and sell orders, the market will resume trading on DNDN. What's your guess at what the market will open at? I'm looking for something north of $20.
Dendreon will announce revenue and earning results. It doesn't matter what they are if it includes some block buster news along with it. The news can include anything from a breakthrough on their pipeline or a collaboration with a major biotech company. Either way DNDN will explode to the upside. I'm looking for a pop to around $10-12.00. We have a chance for a ten bagger or more. If I'm wrong, I'm going to continue to accumulate shares but will no longer post messages. Best of luck to all!
At these prices you have one hell of a chance to score big. I'm buying in and know my chance of making a profit tops my chance of scoring with a bunch of lotto tickets that end up being tossed in the trash. I'm buying in with every spare dollar I can beg, borrow and, yep, you know. Need I say anymore?
Haunted by Inflation, He Snapped Up Silver at $2, Made a Fortune and Lost It
By Bob Ivry Oct 23, 2014 12:16 PM PT 21 Comments Email Pri
Texas billionaire William Herbert Hunt, left, seated bext to his brother Nelson Bunker... R
To Nelson Bunker Hunt, the world was full of enemies.
There was inflation. It was running as high as 13 percent in the 1970s, like a thief threatening to steal the family fortune earned by his father, H.L., in the oil fields of East Texas.
There was Muammar Qaddafi and the American oil men who collaborated with him. When Hunt and his brothers William Herbert and Lamar had refused to pay Qaddafi half their earnings from the Libyan oil fields, like their competitors had, Qaddafi had simply snatched the Hunts’ 8 million acres.
There were the communists, the liberals, the proponents of the welfare state. If inflation didn’t rob him of his billions, the tax man would.
The answer was silver. Enough silver to hedge against inflation. Enough to stay rich despite Qaddafi and the Internal Revenue Service, said Tim Knight, author of “Panic, Prosperity and Progress: Five Centuries of History and the Markets” (2014).
“Silver to him was not a pump-and-dump scheme,” Knight said in an interview. “Hunt had a paranoid world view and it made sense to him to amass silver and hang on to it. He was a true believer.”
Hunt died Oct. 21 at the age of 88 of congestive heart failure after a long battle with cancer and dementia, according to The Dallas Morning News.
When he began buying silver with his brothers in 1973, it cost $2 an ounce and a big consumer was Eastman Kodak Co., which used it to make film.
Before the Hunts were through, seven years later, they’d stockpiled more than 200 million ounces, the price was soaring past $45 an ounce and regulators were preparing to take mea
High volume will indicate shorts are running for 'cover.' Just thinking about the 38 million shares shorted and how fast the price will rise to cover makes me feel like a lottery winner.
How can any sane person short this stock? The downside is minimal, the upside is unlimited!
Just try to imagine what it would be like for the shorts to cover over 38 million shares? The most the shorts have to gain is $1.36, but, the most they have to lose is unlimited. Unbelievable!
DNDN can deliver either a blockbuster or crash through the floor. It's worth an investment just to get the adrenaline charged up.
All the chaos taking place around the world is due to artificial money. Call it what you will, fake money, fiat currency, etc. Paper 'money' and electronic entries are nothing but a bogus shell game, a house of smoke and mirrors that people accept as 'real.' It's anything but real or reality. It's an illusion designed to accomplish the same goal that the story of the Pied Piper points out. The world is dancing itself over the cliff.
Did anything 'really' happen to goose the stock price? Absolutely not! So what's going on? It's an attempt on the part of a special interest group to stampede suckers into buying this stock. It's the old shell game making you think the price is going much higher, but in reality, nothing has happened to justify a price increase. Welcome to the world of smoke and mirrors.
5.06 million shares shorted. 17.6% of outstanding shares shorted on CNDO.
A short squeeze will double or triple the price from here.
Not al all. If there is the slightest bit of positive news from the medical conference tomorrow, Wednesday, there should be a significant pop in the price. Is a pop to $5.00 asking too much? Hardly!
Sooner or later, the big boys will push up the price. You can bank on it!