J.P. Morp[hine and fiends have tons of free paper from Jellin Yellin to ruthless smash down the price of Gold until every last gram of physical has been shaken loose from the hands of a the investors. When the price rebounds, they will make Hundreds of $Billions off their ill gotten horde. ABX will be a smoldering pile of cinders.
That is not correct. Since the Multi-national bank owned Fed does not pay anything for those bonds, and they create the payment for said bonds out of thin air, they are actually stealing $Trillions of dollars from the US Taxpayers, and adding it to their own balance sheet for nothing. It is biggest Scam in the World.
Barrick's benevolent overlords have declared a dividend of 5 cents,
after frittering away $15 Billion of shareholder equity in waste, debt
payments, bad investments, and executive "compensation." Note to
shareholders: Don't take any wooden nickels.
ABX stock price sounds like an Orbital Sciences Rocket countdown.
Just waiting for the big KaBoom! This stock is going to single digits.
All the other precious metals miners are up 2-3%, ABX barely keeping its fat head above water.
This stock is broken. Munk and his band of bandits pillaged the shareholders' capital, ran up huge mult-Billion dollar debts, then left with suitcases full of golden parachute cash, leaving a limping dysfunction mess to the ruslan mob, and some ex-goldmen sacks lackeys working for their new red chin puppet masters.
I woodn't say zero value, because it now controlled by ruskin mob and squids on red chinese puppet strings who wish to steal underlying assets, but I can tell you this, tax loss selling will be brutal towards end of tax year 2014.
But it is the biggest Loser!
$15 Billion in shareholders' capital written off in losses in 4 years.
This is not a gold mine, it is a hole in the ground where "investors" throw their money.
Tax-Loss selling season is just around the corner, and this stock is definitely the Biggest Looser.
If you are looking for some odd reason to buy this Russian Mob-Squid controlled shell of a co, wait till late Dec.
I thought I smelled the evil stench of rotting squid tentacles at the last board meeting. Goldmen, in collusion with J.P. Morphine, have been shorting down the prices of paper gold and silver, and using these price smashes to steal peoples physical gold and silver, and stash it in their vaults.
Munk, Ratschild and JS left the sinking ship with suitcases full of (investors') golden parachute money, and a hollowed out hull with a boatload of debt. All the other miners are going up 2-3% a day, ABX is stuck in the 13s. Wait till tax loss selling season next month. The biggest dog in the stock loss basket, ABX, will be beaten like a dog.
They were a booming American solar company with the latest Thick-Film ribbon technology, when management got greedy and kept diluting the investors' shares to pay their 7 figure salaries. Then those #$%$ holes sold an IPO to GS and Leahman Bros (now Barfclays) with a #$%^ pile of options on the shares. The hedge desks of those companies then shorted the company into Bankruptcy, much like they are doing with TSL.
Gold has recovered, but ABX still going down like Lewinski on Clinton (Bill).
This stock is a piece of crepe.
What a POC stock. Down 26% in one month. Crappyass management. Corrupt BOD Forced out JS, the only board member that had any financial sense. The rest could not find their buts with both hands. Almost all the other miners went up with the price of Gold. ABX went down. This stock is broken.
Look at the the Crash of 2008. The same big, greedy, players that got bailed out are at it again: the Squid, the Octopus, J.P. Morphin, Banco de Americano. He11, one big insurer that caused the last collapse just changed their name so they won't be blamed for causing 2 collapses. Any ways, these crooks did the same thing in '08. Collapsed the Gold market right before they sold off their toxic credit default swaps, so the little people would have nowhere to run and hide. Paid off the crooked politicians, Then, it was like shooting coy fish in a backyard pond.
25% of South Korea's Foreign currency trade is in RMB,
a year ago it was 2.5% The dollar is being dropped like
a hot potatoe in August. Russia is selling almost all their
US bonds and buying Gold instead. Very Soon, Oil will
be traded in Gold denominated World currency.
The dollar's days are numbered.
They keep watering shares down until your shares are under water. The reason why TSL is down isn't exactly because of the dilution. They also gave out option rights to hedge funds, which means a severe bear attack on long shareholders is eminent, as these crooked hedge funds will use the option rights to short the He11 out of TSL shares.
Despite the pre-engineered price smash in silver and gold, in conjunction with a paid schill
negative Media blitz, someone is buying up all available contracts, and is withdrawing millions
of troy ounces of Physical Silver from the Comex inventories. Anyone remember the Hunt Bros?