Hycroft Investor Mining shareholders know what it's like to be Seiged. Germany is being seiged by immigrants.
Merkel was cheered when she opened the floodgates to migrants. Now, with gangs of men roaming the streets and young German women being told to cover up, the mood's changing
Thousands of economic migrants are posing as refugees to reach Europe
David Cameron said this week that Europe must said failed asylum claimants back to their countries
Demands for Germany's 'open doors and windows' policy to be scrapped
Women said rape and child abuse were rife in Giessen's refugee camp
By SUE REID IN GIESSEN, GERMANY PUBLISHED: 18:27 EST, 25 September 2015
On the busy shopping street in Giessen, a German university town twinned with Winchester, migrant Atif Zahoor tucks into a chicken dish with his brother and cousin at the curry restaurant Chillie To Go.They have left good jobs back in Karachi, Pakistan, and now want to be Europeans. In late July the three slipped into Germany with their wives and children, using illegal documents. They live together in a five-bedroom house, rented for them by Chancellor Angela Merkel’s government, a 40-minute drive away from Giessen, which is home to the biggest migrants’ camp in the country.
‘We paid a trafficking agent for false visas to fly here to Germany,’ says 34-year-old Atif. ‘We claimed asylum and came to Giessen camp with other migrants. Three weeks ago, because we had families, they gave us a proper home.’ Atif is well-dressed and speaks perfect English. He used to be a transport manager at Karachi airport and is from a well-to-do family. Between mouthfuls of curry, he adds: ‘But there is violence between political gangs in Karachi. Lots of people are leaving for Europe. The trafficker decided that Germany was the place for us because it is welcoming refugees.’
Yet the raw truth is that Atif is not fleeing war or persecution. He is one of thousands of economic migrants getting into Germany...continued
in time for the exit, permit became effective July 11, 2015 (see exibit 3). Once they get the green light, all systems go. The timing couldn't of been better going into golds lows. Please let the bullion banks keep the paper ponzi price capped, so we can cry hopelessly insolvent awhile longer.
Please don't let a real valuation become a reality. A lot of good people got dismissed over this.
"The Theft Of The Biggest Goldminer in U.S. history"... narrated by Brian Tuttle
Docket 1051 page 18 of 53
33. Debtors plan of reorganization is also deficient as the "adjusted Equity Value...is estimated to be in the range of $383,335,000 and $434,280,000" and includes a wide range of unaudited claims.
This court should take notice the outstanding Notes were originally issued in CAD which is now depressed over 25% to the USD, so the adjusted Equity Value should reflect the present discounted rate as the money is owed in CAD not USD. To put things in prospective, as of September 21, 2015 the spot price per ounce of Gold is over $1500.00 an ounce in CAD giving the inventories just on the leach pad a value of approximately $385 million CAD; enough to pay off the secured debt.
Interesting information about the Rail Spur Expansion Project in Docket 1051 page 17 of 53
Debtors submitted a permit application dated February 20, 2015, entitled "Rail Spur Expansion Project".
TF Tuesday, September 15, 2015 at 4:35 pm
The Bullion Bank Shills and Apologists have begun a coordinated and orchestrated attack against anyone drawing attention to the scam and charade of their fractional reserve system. Rather than let their half-truths and distortions stand unanswered, we thought it best to turn the tables back on them, instead.
Here's the timeline of these latest events. In July and August, this site and others diligently chronicled the daily machinations of the delivery fraud of the Comex. The most recent article detailing the recent shenanigans can be found here:
New York Times Sept. 09, 2015
WASHINGTON — Stung by years of criticism that it has coddled Wall Street criminals, the Justice Department issued new policies on Wednesday that prioritize the prosecution of individual employees — not just their companies — and put pressure on corporations to turn over evidence against their executives.
The new rules, issued in a memo to federal prosecutors nationwide, are the first major policy announcement by Attorney General Loretta E. Lynch since she took office in April. The memo is a tacit acknowledgment of criticism that despite securing record fines from major corporations, the Justice Department under President Obama has punished few executives involved in the housing crisis, the financial meltdown and corporate scandals.
“Corporations can only commit crimes through flesh-and-blood people,” Sally Q Yates, the deputy attorney general and the author of the memo, said in an interview on Wednesday. “It’s only fair that the people who are responsible for committing those crimes be held accountable. The public needs to have confidence that there is one system of justice and it applies equally regardless of whether that crime occurs on a street corner or in a boardroom.”
Well stated . The Comex gold price is a joke. The opening remarks to the daily podcast at TF metals:
As usual, we begin the show with a discussion of today's most important charts. First up, just more confirmation that movements in the dollar-yen drive virtually everything, from stocks to gold.
The miners play along with these crooks and never complain. Keith Neumeyer tried to do something about it. The Jokers running Allied, take their advisors thoughts on the gold price. Trevor Turnbull of Scotiabank gave Allied a $0.05 target price in 2014, while looking for investors to do the mill. That was total bogus representation There should be a criminal investigation on it.
One Of The World's Largest Silver Miners Slams The CFTC About Silver Market Manipulation
It has long been known to silver market watchers that when it comes to the price of paper silver, there has long been a chronic and extremely concentrated shorting presence at the Comex, one which the CFTC has persistently refused to address even though it consistently surpasses the proposed limits on derivative positions. Now, at long last, a Canadian silver miner, First Majestic Silver Corp., has decided to take the CFTC to task.
Keith Neumeyer, CEO of First Majestic, became the first primary silver producer to vocally highlight some of the questionable activity reported weekly in the CFTC's Commitment of Traders report, specifically the "record position change of more than 28,200 net contracts of COMEX silver futures" the equivalent of 141 million ounces of silver and 61 days of world mine production.
They laugh their #$%$.es off at it. Goldman Sachs wouldn't be around today if they hadn't raided the treasury when Paulson was put in charge of Treasury and got the Vampire Squid bailed out.
"We Made It Wider!" Hank Paulson Bursts Out Laughing When Asked About Wealth Inequality
Speaking of Goldman Sachs and income inequality, back in April, Hank Paulson and Robert Rubin sat down with Sheryl Sandberg and Tim Geithner at an event hosted by Michael Milken (no less), to discuss a variety of topics. Around a half hour into the discussion, Sandberg asks Paulson about income inequality. Here’s what happens next:
Sandberg: “Yeah, so let’s follow up on a bunch of the things we were [talking about]. Let’s start with income inequality.”
Paulson: “Ok, well.. income inequality. I think this is something we’ve all thought about. You know I was working on that topic when I was still at Goldman Sachs..”
Rubin: “In which direction? You were working on increasing it.”
Paulson then bursts out laughing: "Yeah! We were making it wider!"
Here’s the clip:
ZH 09/09/2015 11:32 -0400
Update: Earlier today, we said that we would "keep a close eye on today's Comex update to see if JPM reverses this "adjustment" and adds at least a few more tons of deliverable gold to its vault." Moments ago we got the daily update form the Comex and not only did JPM not reverse its registered to eligible adjustment, but more curiously, the second largest vault, that of Scotia Mocatta (behind only HSBC) saw a comparable adjustment, whereby 16,644 ounces of gold, or about half a ton, and 14% of its vault total, were adjusted away from "registered" and into the "eliglble" category.
This means that the already record low total registered holding across the Comex system, declined once again this time by 8.3% and hit a new all time low of 185,315, or less than 6 tons.This means that what was already a record dilution factor, with over 200 ounces of paper gold claims for every ounce of deliverable gold, just soared even more, and following today's 8% drop, there is now a unprecedented 228 ounces of paper claims for every ounce of deliverable "registered" gold.
By Pam Martens and Russ Martens: September 9, 2015
Yesterday, in a stunning decision packed with Orwellian reverse speak, Judge Victor Marrero of the U.S. District Court for the Southern District of New York (where cases against Wall Street firms are thrown out like penny candy by a carnival barker) dismissed claims against Goldman Sachs in a case so fraught with the appearance of corruption that it had commanded an investigation by the U.S. Senate’s Permanent Subcommittee on Investigations.
Plaintiffs in the case were investors in Hudson Mezzanine Funding 2006-1 and 2006-2, synthetic bets on toxic mortgages which Goldman sold to investors while making multi-billion-dollar bets for its own firm that the deals would fail.
In writing his decision to dismiss the claims by plaintiffs, the Judge actually acknowledged that employees of Goldman Sachs had called what they were selling to their customers “crap” and “junk” in internal emails that were introduced into evidence. Judge Marrero further conceded that Goldman Sachs was aware of deteriorating fundamentals in the subprime mortgage market and needed to “flip” its risk onto the shoulders of its customers. But none of this convinced the Federal Judge – a so-called steward of the public trust – that he had an obligation to let the case proceed to trial and allow citizen jurors make their own determinations in the matter.
continued.... Wall Street On Parade
Montreal police are asking anyone with information? That didn't apply in this case. The Banditos were colorful, but acted individually. No Mas..says sheriff John in doc 962.
$10mil silver is chump change compared to Allied with 260.000 ounces of gold sitting on the waste pad. Both cases smell like inside jobs. No mention of the 10 million + ounces of gold and 480 million ounces of silver. That stuff got lost in the translation with the evaluators.
Theft of gold and silver seem to be on the rise.
Published Friday, September 4, 2015 9:37PM EDT
Last Updated Saturday, September 5, 2015 3:59PM EDT
The shipping container stolen from the Port of Montreal on Wednesday has been found but the $10 million worth of silver that was inside it is still at large.
The six-metre long grey container inscribed MAERSK was found in Repentigny on Saturday morning, according to the SPVM.
Police are being tightlipped about the heist, but they’re asking for the public's to help them locate the missing loot.
Early on Wednesday, a white 1997 Freightliner truck used for the robbery was stolen somewhere in the city's west end. Within a few hours, that truck made its way over to the port in the east end, and the silver vanished.
Police won't say how they think the silver was stolen but the Port of Montreal prides itself on its security measures, insisting it maintains tight control of its access and exit points with 350 video cameras trained on the sprawling facility.
Montreal police are asking anyone with information that could help the investigation to call Info-Crime at 514-393-1133.
Posted September 4th, 2015 at 5:35 PM
Premiums on silver over the past weeks have exploded! Generally speaking, 10-25%+ seems to be the norm and anywhere from two – six weeks delay for delivery. We have talked about the dichotomy between silver being panic “sold” and “shortages” occurring simultaneously. In a free market, this is an impossibility.
What I’d like to do today is get you to think forward or around the corner. If premiums exist today in what has been a declining market, what will happen in a rising market?
If we look at the move in 1980 when silver traded to $50, what was the backdrop? There was actually more silver above ground (we still had Manhattan project silver as supply) and the uses were far less than they are today. Also, the amount of debt, money supply “people” with a living standard high enough to buy silver were much smaller than today. Debt and money supply have risen maybe tenfold and those with the ability to purchase silver around the world has at least doubled, maybe even tripled.
If there are currently very high premiums for real metal, is this a function of low prices? The answer is yes and no. (I am not hedging as you will soon see). Premiums are a function of real demand being greater than real supply. The premium has risen presumably because the gap between supply and demand is widening and sellers are less willing to let go of product as the price approaches zero.
Now, what would happen to premiums if the same supply demand dynamics were applied, but rather than the price declining …it was rising? In a rising market, buyers will pay a premium out of fear! This fear will arise not only because other assets are crashing around them but because owners of fiat don’t want to be stuck with something worthless. The other side of the coin, the supply side, will also be a source of fear. “Fear” of metal going “no offer” (which it will) and having no exit door at all!
continued a jsmineset
I wonder if Tracey Thom had a chance to talk to him. Never mind... Gold Corp needed a 51% controlling interest to do a deal last year. You have to admit, those Barrick Gold engineers were correct about Allied Nevada shuttering things down in July 2015.
flanders.automation • Nov 25, 2014 12:33 PM
She did mention 1 share of GG for every 5 shares of ANV but that was 2 weeks ago when both companies were trading lower. When I questioned majority ownership, she said the conditions for the exchange required ANV to own a minimum of 51% of the shares. My rough figures show that Hycroft could be fully funded with as little as 30 million shares.
Albert Alfonso- SA Sep. 2, 2015 1:08 PM ET
PGH slashes its dividend 83%.
The new dividend will be $0.01 per quarter, down from $0.02 per month ($0.04 versus $0.24 annually).
This cut has to do more with the long-term than anything short-term.
PGH is actually generating very healthy levels of cash flows.
However, the company is preparing for a $40 per bbl oil future.
Pengrowth is simply preparing for the worst. Cutting the dividend is a response to lower oil prices and its own weak share price, not due to anything wrong with its cash flows. The hedge book will protect the company through the end of 2016. After that, FFO will fall considerably if oil prices stay near $40 per bbl.
However, that would really be an unlikely nightmare scenario. Most analysts believe crude oil prices will recover by 2016. Indeed, FFO should actually stay flat through 2017 if oil prices stay above $65 per bbl.
Seeking Alpha with a timely downgrade
Iamgold's (NYSE:IAG) credit rating is downgraded further into junk territory, to B from B+, at Standard & Poor's, which cuts its average gold price assumption for the next two years to US$1,150/oz. from $1,200.
S&P says it expects IAG’s adjusted debt-to-EBITDA ratio will remain above 5x, which could further cramp the company’s ability to borrow money.
The ratings agency says that while its reduced gold price forecast is modest, IAG’s credit ratios are highly sensitive to small changes in gold prices, particularly on the downside.
S&P also notes IAG has “limited operating diversity” and currently relies on two mines - Essakane and Rosebel - for the vast majority of its production and earnings.
Opec is concerned by the drop in oil prices—trading near multi-year lows—and is ready to talk to other producers, an article in an OPEC publication issued on Monday said.
"Today's continuing pressure on prices, brought about by higher crude production, coupled with market speculation, remains a cause for concern for OPEC and its members—indeed for all stakeholders in the industry," the commentary in the latest OPEC Bulletin said.
The Organization of the Petroleum Exporting Countries renewed its openness for dialogue with other producers. OPEC has refused to cut its own output without help from outside producers such as Russia, which have also declined to lower supply.
Zero Hedge - For the 3rd day in a row, crude oil prices are spiking as the short squeeze morphs into a war premium. Heberler reports that Saudi ground troops have entered Northern Yemen and seized control of two areas in the Saada province. WTI is now above $45...
Order Regarding Motion for Leave to Amend Subpoenas and Request for Signature from an Officer of the United States Bankruptcy Court. (related document(s)479, 817) Order Signed on 8/28/2015
Brian Tuttle's subpoenas are directed to be issued addressed to Computershare, which were filed in Docket 817.
Lemetropole cafe snippet...
We can now add things like NIRP and Saudi invasions of Yemen to the list of things which will only produce a 1% gold rally. Gold traded somewhat above 1% for about 1 ½ hours this morning but at the end of the cartel day it was all about control and MOPE. Nothing like getting the London close out of the way to effectively snuff yet another promising rally. Circled number said $1133.80 was where the gravitational pull would occur and as of 12:45 PM it’s been hovering right around that tick for over an hour. It’s the usual nauseating cartel rigging in full glory.
Bullish things that happened this week for gold:
*Chinese stock crash.
*Chinese liquidating U.S. Treasuries.
*U.S. stock crash, largest weekly equity outflow on record.
*U.S. dollar crash.
*Fed suggestion of NIRP.
*Saudi invasion of Yemen.
POG at the beginning of the week: $1160
POG at the end of the week: $1133
Is there anybody in their right mind who could still believe this a non-manipulated market? Gold declined $27 because of the above bullish developments? This "ain’t" over by a long shot. No doubt the Fed Jackson Hole meeting was another reason for any gold uprising being a huge no-no. You can’t have gold showing up the puppet masters during their luxury pow-wow. Next week may be another throw away but post-Labor Day will be key for gold’s chances. It’s definitely primed and ready.