Anglo Asian Mining Share Discussion Threads

[zhockey] 27/9/2016 14:40

But large speculators are net long?

[onedayrodders] 27/9/2016 14:34

In support of your post cast_no_shadow

26SEP16 : James Turk CAUTION – Option Expiry Week
We face another month-end option expiry, which starts tomorrow (today) on the Comex and ends Thursday in the over-the-counter market. We know from experience that option expiry can be brutal. It looks like the slam down on Friday – particularly in silver – was contrived to set the stage for this week, namely, to keep precious metal prices under pressure so as many call options as possible expire out of the money.

So if this option expiry proves to be similar to just about every other option expiry we have seen for many years, we can forget about prices rising this week. Price manipulation at option expiry is just part of the picture of overall manipulation of the gold price. This manipulation has a couple of aims. First, it takes pressure off government central planners. When the electorate sees a rising gold price, people react. They intuitively know that a rising gold price is a red-flag signaling monetary problems, and policymakers don’t like to see their policies being discredited by market reactions.

[cast_no_shadow] 27/9/2016 14:23

Zhockey are you for real? Does anyone seriously still deny the manipulation that goes on in this market and many others.

Take the last few days for instance, 35000 new paper contracts added that's 110 metric tonnes of paper gold magically created from nothing!!! Are you seriously trying to suggest this is just the producers hedging? That's approx one tenth of total annual gold mining production shorted in a few days. And this is happening all the time.

Come on this has been going on now for years and there's more than enough evidence. Do any kind of Google search or go check out GATA's records. Jeez even ex fed officials have admitted as much and declassified fed minutes from years ago.

This market is absolute criminal. The banks have almost bottomless pockets and can issue naked paper sorts as and when they feel like it. In fact this is the first year that their paper raids seem to be having less and simply due to the incredible demand for physical and paper gold negative interest rates are creating.

They have been forced in to a managed retreat this year. The action in gold this week has been absolutely disgusting and yet these banks get away with it. It's beyond infuriating.

[zhockey] 27/9/2016 14:00

That is not correct, it is the producers that are net short. They are protecting their balance sheets to have a profitable year and get their bonuses.

Gold continues to mean revert.

[cast_no_shadow] 27/9/2016 13:52

It's sickening how distorted these markets are.

Gold should be absolutely flying with the Fed's interest rate decision and the fears over Deutsche bank. Open interest has risen massively yet the price has barely moved and is in fact now lower than before the Fed's decision.

The banks are creating ridiculous amounts of naked shorts to achieve this and it has been this way for 5 years now, it's criminal.

What I don't understand is why the gold producers don't all get together and fight it. They don't even seem to be vocal about these market manipulations.

If all the producers got together and say refused to sell their gold for two months these naked short positions could be anialiated.

Pathetic.

[jbe81] 26/9/2016 16:55

Yes, think we will be moving up this week

[mattjos] 26/9/2016 16:27

you can sell 100k+ at 15.75 but, not buy that quantity at 17 .. the quoted spread is stupid

[celeritas] 26/9/2016 16:06

Interesting read.

[jbravo2] 26/9/2016 15:53

Lots of stuff to love here before the end of the year.
I guess if people want in they are just trying to time their entry to get the best price possible and who can blame them. I'm not sure it'll go much lower than this but who knows.
The interesting times will be the scramble for shares once either the resource news at existing sites starts to become apparent or the news about new properties starts to break.

[zhockey] 26/9/2016 15:49

If DB goes t's up then the USD will rally, can't have it both ways.

[celeritas] 26/9/2016 14:33

Stock tight again, wont take much to move it higher.
Whats with that stupid spread anyway.

[cast_no_shadow] 26/9/2016 14:19

Yes because the USDJPY is tanking. Now only 100.5!

Like is said if it breaks 100 it'll fall to 95 quickly and gold will hit $1,450 ish.

[mattjos] 26/9/2016 14:13

On my charts, gold daily has just broken out today

[mattjos] 26/9/2016 11:55

Deutsche Bank plumbing new all time lows today after Merkel ruled out state aid for the bank and looking increasingly likely that an emergency fund raise and/or depositor bail-in is coming.
With Merkel refusing state aid for DB, it ensures no state aid for the Italian banks, despite Renzi's pleas.

Gold should remain extremely well bid, particularly as Trump looks to be gaining ground in the polls. Will the Yanks mimic UK and vote their own equivalent of our BREXIT?

Looking at various charts, I cant help concluding there is a big, big move fairly imminent in Gold

[celeritas] 26/9/2016 10:10

I remember the old Russian numbers showing extensive gold runs concluding with a resource some 10x larger than the current proved one from aaz.
AAZ have built a mine to exploit this resource which will prove up over the coming months and years.

[mattjos] 25/9/2016 19:51

This blog is worth checking time to time .. & a good gold & silver chart series:https://3.bp.blogspot.com/-bzt31FvuyaM/V-WN4I18fTI/AAAAAAABLN4/weGcSChWwvoA4wmCbfMGhMnh-cIX_7_eQCLcB/s1600/golddaily3.PNG

[philo124] 25/9/2016 19:13

Hadn't realised that. Thanks.

[mattjos] 25/9/2016 16:33

Hello YasX, I am quite sure you are correct.The second half of 2015 was both frustrating and also a great time to have been a buyer.Whilst Bashirov declared himself out of the stock on 6th October 2015 (& caused a heavy buying day), it was apparent that his need for the cash was so great that he bulk sold the remainder of his holding to Cantor at, we assume a market discount at the time. Cantor then remained selling down what they had picked up from him for another 3 months or so.A lesson to be learnt there .. An 'Out' declaration does not necessarily mean all the stock is sold to the market .. In this case to a Market Maker who likely made 50% on the rump of the stock.Anyway, with all that stock now moved into safer hands for the longer term, the valuation is slowly on the rise back towards something sensible .. Meanwhile, the company has grown into an altogether bigger & better concern

[yasx] 25/9/2016 15:55

Mattjos - delightful chart.

Clearly the time to get positioned was when the long term trend was clearly broken in Q1 of this year. I did miss that, but am now positioned for further gains which appear to me very likely indeed.

[mattjos] 25/9/2016 14:44

free stock charts from uk.advfn.com

[jaspoland] 25/9/2016 06:00

Ok thanks Zhockey.

[zhockey] 24/9/2016 22:57

Jaspo, you can infer that from the interims. Also in the latest presentation they say Gedebek caped will be paid off in 2018.

[jeanesy] 24/9/2016 11:42

Nice end to the week here. Pog holding steady too. Looking forward to exploration news and drilling results soon.