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Allied Nevada Gold Corp. Message Board

markedtofuture 147 posts  |  Last Activity: Sep 19, 2014 3:52 PM Member since: May 25, 2011
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  • Dave's telling it like it is.

    Hi Dave. I am a long time follower of your work.

    Just reaching out for your opinion if you don’t mind the intrusion. I made a decision back in 2005 to put most of everything except the homes we have into metals. Been riding this monkey up and down but I feel like the guy in the twilight zone episode where everyone speaks another language. Any advice for an amateur to stay the course?

    My response:

    The most important aspect of this to understand – and I’m sure you do – is that this manipulation and take-down of the metals is being done almost entirely with Comex paper contracts. As long as they can keep printing paper contracts for which they’re never called on to deliver, they can fabricate fraudulent gold and silver supply. As you know, when supply exceeds demand, price goes down. I watch and trade the Comex everyday. And everyday, like clockwork, gold and silver start to sell-off in the last 30 minutes of Comex floor trading. There is no better example of how manipulated and corrupt the Comex is. It would be equivalent to a baseball player getting a hit every time he went to bat.

    As I’m sure you also know, gold and silver drift higher on most nights when the Asian/Indian physical bullion markets are open. That’s where the real market for precious metals is taking place. London is not only no longer the biggest physical bullion market in the world, it is now predominantly a fraudulent paper-derived market from which most of the physical gold has been transferred from London vaults to the eastern hemisphere buyers, who do demand actual physical delivery. In fact, as we’ve witnessed with this nonsense surrounding the gold/silver fix system and the removal of GOFO/SIFO rate reporting, the London bullion market has evidenced itself to be at least as, and probably more, corrupt than the Comex.

    Continued...IRD

  • Reply to

    While the paper tiger bloviates...

    by markedtofuture Sep 17, 2014 5:30 PM
    markedtofuture markedtofuture Sep 18, 2014 8:53 AM Flag

    Learn how to profit from organized crime. That's like saying, some Chinese companies copy others products to steal profits, but that's ok in your book.

    The gold mining industry needs CEO's with balls enough to do someting. First Majestics Keith Neumeyer...“The mining industry is the only industry that doesn’t fix its own price for its product,” he said. “All we can do is watch our own costs.”

    “Mining has to smarten up and treat its business as a manufacturing business,” Neumeyer said. “We produce a product, we need to make a margin and we need to be a profitably run industry.”

  • A CEO with some nads...

    In a bid to heighten transparency, the mining and silver industries have taken steps towards improvement for investors, but First Majestic Silver Corp.’s Keith Neumeyer isn’t buying into it.

    Speaking with Kitco News at the 25th Denver Gold Forum, Neumeyer, president and chief executive officer of First Majestic, doesn’t see an improvement.

    “Any transparency is healthy and the mining industry needs to put out numbers that make sense to the market,” he said. “Adversely, all-in sustaining cash costs don’t make sense to the market.

    “Costs are costs, I don’t know why you have a special way of measuring costs,” Neumeyer continued. “I wouldn’t be including non-cash items – people want to see treasury, they want to see cash in the bank and the measure of your success is treasury growth.

    “The way mining companies are reporting now, it still leaves holes and it still keeps the investor wondering what mining companies’ costs actually are.”

    Turning to the recently released LBMA Silver Price, replacing the 117 year-old London Silver Fix, Neumeyer said he doesn’t see much of a change.

    “Any time you have a small group of people fixing a price, it’s prone to manipulation,” he said. “There’s no change from how it was done before to the way it’s done now – it’s just a different group of players and now they do it on a computer.

    Asked if senior silver producers getting together and creating their own silver fix would be an option, Neumeyer thought it was feasible, but tricky.

    “The mining industry is the only industry that doesn’t fix its own price for its product,” he said. “All we can do is watch our own costs.”

    “Mining has to smarten up and treat its business as a manufacturing business,” Neumeyer said. “We produce a product, we need to make a margin and we need to be a profitably run industry.”

  • markedtofuture by markedtofuture Sep 17, 2014 5:30 PM Flag

    8,863 Dec. contracts dumped in 2 minutes starting at 2:00 PM, good for an $11 smack. But of course, should we expect anything else? Just another day in manipulation hell. Nothing like dumping 27.70 tons of paper gold into the Crimex to reinforce the illusion of a paper tiger while she bloviates.

    97 for 101........ no need to even mention what it is referencing. All cartel systems are still firmly in place. Something is very wrong out there for them to be this relentless, and maniacal about it.
    JMc

  • Yesterday the Senate Finance Committee convened a hearing to chew on one humdinger of a new report from the Government Accountability Office (GAO). The GAO report found that 314 taxpayers have squirreled away at least $25 million in their Individual Retirement Account (IRA) for an aggregate of $81 billion for all 314 taxpayers. That puts the average account within the $81 billion at an astonishing $258 million.

    The GAO used 2011 data, the most current available to them from the IRS, and noted that since some of the tax returns were for joint filers, the term “taxpayer” may mean an individual or a couple. Still, even two IRA accounts tallying up to $258 million is off the charts.

    The figures are raising eyebrows in Congress. No one can say with any certainty how an IRA could grow to such astronomical sums. IRAs have only been around since 1975. Adding to the perplexity, the GAO calculated that if a person made the maximum IRA contributions from 1975 through 2011 and invested the money in the Standard and Poor’s 500, it would have grown to only $353,379.

    “So how did those massive IRA accounts come to be? In many cases, they’re sweetheart stock deals that most investors would never have access to. Executives buy stocks at a special, rock-bottom price – sometimes fractions of a penny per share – and use an IRA as a tax shelter. The stocks start out dirt cheap, but just like that they turn to gold, and the IRA shoots up in value.”

    One beneficiary of sweetheart stock deals and a member of the privileged 314-Club is former Presidential contender Mitt Romney. The Washington Post’s Tom Hamburger explained in 2012 how Romney got an estimated $87 million in his IRA when he exited Bain Capital, the private equity firm he founded. Hamburger wrote:

  • Shorts are responding

  • Reply to

    To the bitter end?

    by markedtofuture Sep 15, 2014 5:32 PM
    markedtofuture markedtofuture Sep 15, 2014 5:32 PM Flag

    BTW tonight will also make it 105 out of 110 going back to April 14th. This is by far the shabbiest and most blatant manipulation of all that I’ve ever tracked. If the lower silver access trade openings were plotted on a graph you would see a chart going from a steep vertical ascent (83.5% over 2 years) to parabolic (91% beginning in 2014) to practically a straight vertical line. (96% from April 27th)

    There can be NO plausible reason for this trading to be non-manipulative in nature. The only option denialists have is to ignore it, which they doing in grand fashion.
    JMc

  • markedtofuture by markedtofuture Sep 15, 2014 5:32 PM Flag

    Bill,
    If the cartel intends to abide by the CME’s new Rule 575 banning "disruptive trading practices" they sure the hell aren’t acting like it. It looks like even if they do end up changing their evil ways they are manipulating gold and silver to the bitter end. You need look no further than last night’s silver access trade open, the 95th out of the past 99 that has been lower. That’s quintessential "disruptive trading", and illegal to the core. You can also see that any semblance of free trade is also being "disrupted" at 3:00 AM, the Comex open, and the London close time periods. The Comex in total is by definition a disruptive trading practice.

    With the CME’s new 1 day margin rules going into effect October 1st look for more small traders to disappear, leaving the field increasingly to deep pocketed algos. The trouble is that those deep pockets have no doubt already figured out how to circumvent the rule, and will laugh all the way to the TBTF bank. Anybody thinking this rule will prevent another MFGlobal from happening is sorely mistaken. Note too the latest engineered swoon of gold occurred ONCE MORE right after a CME margin change notice, the umpteenth time in a row that this has happened. Fading any and all Comex PM margin changes has been another sure fire way to have winning trades without the hassle of being intelligent or competent.

    Contrary to every MSM analyst crawling out of his mahogany-paneled woodwork everything up to, and including TEOTWAWKI is NOT already factored in to the price of gold.
    JMc...

    The last higher silver access trade open was 2 ½ months ago on Tuesday, July 1st, so last night made it 50 in a row. If tonight’s access trade is lower it will be 96 out of 100 dating back to April 27th. Of the four access trades that did open higher all but ONE settled back lower by 8:00-9:00 PM. Three of the four higher openings were in June, so basically all of May, July, August, and September haven’t seen a SINGLE higher opening!

  • markedtofuture markedtofuture Sep 10, 2014 5:24 PM Flag

    That's a lot of yapping for not seeing the video. Maybe you'll get the point on the reasons for his call.

    He's been tracking the ponzi since the nineties. At the CFTC hearing they admitted the gold ponzi was leveraged 100 to 1.

  • Greg Hunter...

    Harvey Organ has been on a personal mission to expose the “fraudulent manipulation” of the gold and silver markets since the late 1990’s. Organ, who studies these markets daily, contends, “It’s definitely going to happen this year.” Why does Organ think this? Let’s start with the gold market. Organ says, “You are seeing a huge amount of obligations per one ounce of gold that’s available, and as the gold moves from West to East, and the bubble of paper obligations that’s left are going to blow up. So, that is what we are basically seeing in gold. There is a massive movement basically towards three countries . . . Russia . . . China . . . and India. So, if you figure the world produces no more than 2,200 tons of gold per year, excluding China and Russia, more than 100% of that gold is going to those countries.” Organ goes on to say, “I doubt very much if the United States has one ounce of gold left.”

    The price suppression game has been going on for a long time. Why does Organ think it will finally end this year? Organ says, “There is a deficit of gold of 1,800 to 2,000 tons per year. The leasing game started in 1988, and it starts going much higher in 1993. So, over the last 20 or 30 years, all that gold has been leased out. Gold that’s been leased never comes back. Now, this is why there are huge derivatives outstanding. . . . Gold at the central banks is gone.” Organ explains, “You can always paper over a paper problem, but you cannot paper over a physical default. I don’t think there is any left, and this is the year they run out of gold to deliver at GLD, Comex and the LBMA (London Bullion Market Association). How do we know it is officially over? Organ says, “Probably, China announces to the world how much gold it has.”

    Organ says when China and Russia disclose the true amount of gold they hold, there will be a price spike never before seen in the history of the world. Continued ..Greg Hunter’s USAWatchdog

  • GOLDEN, Colo., Sept. 10, 2014 /PRNewswire/ -- Golden Minerals Company (NYSE MKT: AUMN) (AUM.TO) ("Golden Minerals" or the "Company") announced today that it has closed its previously announced underwritten offering of 3,692,000 units, each comprised of one share of its common stock and a five-year warrant to acquire one half of a share of its common stock at an exercise price of US$1.21 per share, at a unit price of US$0.86, before underwriting discounts.

    Roth Capital Partners acted as the sole book-running manager for the offering, and H.C. Wainwright & Co., LLC acted as co-manager for the offering.

    This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.

    The Company has also closed its previously announced private placement with The Sentient Group ("Sentient"), the Company's largest stockholder, pursuant to which Sentient has purchased, in a private offering pursuant to Regulation S under the U.S. Securities Act of 1933, as amended, a total of 5,800,000 units, each comprised of one share of common stock and a five-year warrant to acquire one half of a share of common stock at an exercise price of US$1.21 per share, at a unit price of US$0.86, the same price paid by Roth Capital Partners and H.C. Wainwright & Co., LLC in the underwritten offering.

    The aggregate net proceeds to Golden Minerals from the sale of the shares in the offering and the private placements was approximately $7.7 million after deducting discounts and commissions and before expenses.

    Gap at .72 is now closed.

    Sentiment: Buy

  • markedtofuture markedtofuture Sep 10, 2014 8:00 AM Flag

    Last week, China's Ministry of Industry and Information Technology (MIIT) made a significant move towards the crackdown of illegal mines.

    "The probes found that Hunan's eight rare-earth enterprises and four other mine companies have absorbed more than 4,400 tons of illegal rare-earth products worth over 730 million yuan (US$118.7 million), according to the ministry.

    Three trading companies in Hunan have functioned as white gloves, having purchased black rare-earth products, issued rare-earth special value-added-tax invoices, and sold them to smelting and separation enterprises."

    This is significant for two reasons: First, it shows that China is serious about stopping the illegal mines. China talked about it for a long time, but there was little action. This shows that China is taking real steps to reduce illegal mines. Second, it shows that MIIT is going after the entire supply chain of illegal miners and consumers. This will make it much more difficult for illegal miners to sell their products.

    In addition, there are criminal investigations being conducted in regards to the illegal mines. This is also significant since executives at legitimate companies are much less likely to get involved with illegally mined REEs if it means more than a fine is involved.

    It's no secret that China is consolidating REE operators. There will be "...six national rare earth champions...." This will be good for the REE industry (including MCP and LYSCF) in two ways: First, it will likely raise prices of REE. Fewer suppliers will have more control over the prices, not to mention that they are state-owned. Second, the consolidation will make it much easier for MIIT to regulate the REE industry, thus reducing the number of illegal mines and reducing the supply.

    China is shifting its focus from protectionism to building a healthy REE industry. When China was restricting exports, China benefited from low REE prices since it encouraged manufacturing and downstream processing inside ...

  • Sep. 10, 2014 2:45 AM ET

    Summary

    China is shifting focus from protectionism to building a health REE industry.
    China is cracking down on illegal rare earth mines and consolidating legitimate rare earth miners.
    Rare earth prices likely to stabilize soon, and then start rising.
    With stabile rare earth prices, Molycorp should be cash flow positive by the end of the year or Q1 2015, when production is fully operational.
    Molycorp, Inc. (NYSE:MCP) and other rare earth elements (NYSEMKT:REE) miners such as Lynas, Corp. (OTCPK:LYSCF) are near their all time low price. This is the result of falling REE prices. China is doing several things that are likely to reverse this fall and even start raising it again. Once REE prices are stable, MCP and LYSCF have indicated that they would be cash flow positive once they are in full production.

    This article was sent to 12,458 people who get email alerts on MCP.

    Conclusion

    China wants REE prices to rise, and since they dominate the REE industry, I wouldn't bet against them. Higher REE prices will stabilize the Chinese REE industry and provide opportunities for growth. It will also allow more focus on environmental issues.

    With REE prices stable, MCP and LYSCF have stated that they can be cash flow positive once they are in full production, estimated in Q4 or Q1.

  • Submitted by Tyler Durden on 09/08/2014 17:31 -0400

    It has been an interesting week for the CME: first it was revealed a week ago that in order to "stimulate" the market, the CME is willing to pay central banks a liquidity rebate in order for the world's monetary authorities to "make markets" in the most important S&P 500 future, the E-Mini, confirming not only that central banks directly trade the S&P 500, but are incentivized to nudge it along the preferred central bank direction: up. Then last week, none other than the CME's own 10-K proved that something changed in 2013, when for the first time central banks officially became counted as clients of the biggest US derivative exchange.

    Today, the CME's fall from efficient market grace accelerated when it advised the CFTC that the derivative market would be adopting a new Rule 575 to eliminate "Disruptive Practices Prohibited."

    The good news: starting September 15, 2014 the CME will no longer tolerate what is affectionately calls "Disruptive market practices."

    The bad news: the CME was not only tolerating and turning a blind eye toward such disruptive market practices until this point, in many cases it was compensating the "liquidity providing" perpetrators!

    But what are these "disruptive" market practices? Nothing short of a who's-who lexicon of terms we introduced and discussed starting some time in late 2009 and 2010. From the CME:

    Among other disruptive practices, Rule 575 prohibits certain of the disruptive practices added to Section 4c(a) of the Commodity Exchange Act ("Act") as subparagraph (5) by Section 747 of thee Dodd-Frank Act. Specifically, Rule 575 prohibits the type of activity identified by the Commission as "spoofing," "quote stuffing practices" and the disorderly execution of transactions during the closing period.
    That's just a sample: here is the exhaustive list:…

    Zerohedge

  • SEPTEMBER 3, 2014

    Rally the Troops

    With fresh beat-downs in September in precious metals prices, by the same, old banking forces, I thought it would be a good “gut check” moment to give a rallying cry. After all, living through 3.5 years of paper waterfalls(especially in silver), can get a fellow burned out. That’s exactly how I’d describe much of our precious metal community right now: extremely burned out.

    Sometimes we all need a shot in the arm, I know I do.

    Snippet...

    The Key Solar Ingredient

    For those who don’t know, silver is the key component of solar energy. Silver is the most reflective, and light-capturing metal on earth. The average solar panel is lined with roughly 2/3 of a troy ounce of it.

    Continued....charts, pics...The Wealthwatchman

  • markedtofuture markedtofuture Sep 6, 2014 9:30 PM Flag

    Frequently
    Reaching
    More
    Alternatives

    0.2001 0.00(0.00%) Sep 4 9:30 AMEDT Algo traders must be getting desperate.

    HHappy - what does your TA say about Tarm shares getting issued to TRGD holders before the stock gets to 0.10 ?

  • markedtofuture markedtofuture Sep 5, 2014 5:02 PM Flag

    CNBC Viewership Plunges To 21 Year Lows
    It's over: whether due to the complete domination of centrally-planned markets by a few central banks, whether as a result of HFTs forcing out all human traders and investors, whether due to volatility plunging to record lows and complacency at record highs, whether viewers simply aren't impressed by the new young, female faces that are increasingly taking over the primetime financial TV slots, because people are tired of Cramer's endless "caffeine" high and endless attempts to justify a record disconnect between manipulated record high "markets" and a stagnant economy in which some 53 million workers are "freelancers", or simply because video game consoles don't watch TV, America's interest with finance and the stock market is over.

    ZH

  • Reply to

    CNBC Viewership Plunges To 21 Year Lows

    by markedtofuture Sep 5, 2014 4:12 PM
    markedtofuture markedtofuture Sep 5, 2014 4:55 PM Flag

    Smothered, again

    Things that are bearish for gold and silver:

    * War.
    * Peace.
    * QE and hyperinflationary money printing.
    * QE "tapering".
    * Rising crude prices.
    * Falling crude prices.
    * Rising dollar.
    * Falling dollar.
    * Increased physical demand.
    * Falling physical demand.
    * Bullish NFP report.
    * Bearish NFP report.
    * Any government economic report.
    *All government economic reports.

    Things bullish for the Dow:

    EVERYTHING ABOVE

    It was a horrible NFP report, yet gold still wasn’t even allowed to rise by its rigged +1% limit up. Welcome to the Dystopian Paradise, aka the totally and centrally planned everything. It won’t be long before a book with this title becomes a best selling thriller: When Algos Failed: The Destruction of 20 Trillion Dollars of Paper Wealth in a Millisecond.

    Oh, BTW, make it 89 out of 93 in that PM access trade thingy. Nothing like an occurrence happening 96% of the time to get the attention of.......... NOBODY.
    James Mc

  • It's over: whether due to the complete domination of centrally-planned markets by a few central banks, whether as a result of HFTs forcing out all human traders and investors, whether due to volatility plunging to record lows and complacency at record highs, whether viewers simply aren't impressed by the new young, female faces that are increasingly taking over the primetime financial TV slots, because people are tired of Cramer's endless "caffeine" high and endless attempts to justify a record disconnect between manipulated record high "markets" and a stagnant economy in which some 53 million workers are "freelancers", or simply because video game consoles don't watch TV, America's interest with finance and the stock market is over.

    Exhibit A: The chart below shows CNBC's Nielsen rating for August.

    Some observations: for the core 25-54 demo, CNBC's Business Day segment is down every month this year compared to last year, with August's 28,000 literally a step in the abyss compared to last year, as viewership plummeted by a near record 30% (with ad revenue following close behind). In fact, the last time CNBC was up in Business Day year to year was over two years ago, in July 2012.

    And the punchline: this was the lowest rated month in the core demographic since February 1993! In fact, in CNBC's entire Nielsen-rated history, there is only one month in history when demo viewership was lower, back in November 1992, when demo viewership was just 1000 less at 27,000.

    At this rate, in the next month or two, CNBC should make history when Nielsen reports that its viewers have dropped to a never before seen low, paradoxically enough, as the increasingly unwatched financial channel cheers on the very same market-rigging policies that are forcing retail investors to give up on anything finance-related, and crushing the station into ad-revenue and eyeball oblivion.

    Zerohedge

  • SilverCrest Confirms Underground High Grades at Santa Elena 13m @ 2.54 gpt Au and 307.0 gpt Ag Including 0.7m @ 18.25 gpt Au and 2,900 gpt Ag,

    VANCOUVER, BC – September 4, 2014 – SilverCrest Mines Inc. (the “Company”) is pleased to announce results of underground infill drilling completed in July, 2014 at its 100% owned Santa Elena Mine in Sonora, Mexico. Twenty five closely-spaced underground drill holes, totaling 2,856 metres were completed to better define reserves and verify widths and grades for planned production stopes (see table below and attached figure). The results of all holes included in this news release will be part of the resource update scheduled to be completed by early 2015.

    N. Eric Fier, CPG, P.Eng., President & COO stated; “This underground drill program was successful in confirming previous resource model expectations with delineation of high grade zones in the initial stopes scheduled for production in 2014 and 2015. Valuable information was also provided from the program to better define reserves and first stope mine designs. This detailed in-fill information continues to improve our model and enhances tonnage and grade projections for production planning and budgeting.”

    The drill program, with estimated 20 metre centres, assisted in stope design and reserve estimation. The results showed comparable widths and grades when reconciled with previous wider-spaced drilling in this area. The most significant assay results from this underground infill drilling program are shown in the following table. Intervals are considered to be near true thickness.

    See N/R

ANV
3.72-0.06(-1.59%)Sep 19 4:06 PMEDT

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