Orosur Mining Share Discussion Threads

[richgit] 30/11/2016 10:49

Cognitive Dissonance is everywhere,and no wonder.

Something that has inflicted nearly every Fund Manager and Investor,most of which have lost countless amounts of money backing what they thought was their opinion against the Robots programmed by the Central Planners and supported by their Confetti.

I have been following statements from Mr Druckenmiller,a money man few would dare to challenge.

He states that He had been short the market heading into the election, expecting a Clinton victory and was prepared to short more had the market rallied "based on the quagmire of no options left after the eight year-old experiment of low rates."

Personally I believe that the Central Planners and their Robots were all ready to ramp the Markets up- regardless of who won and that is what we are witnessing and why He flipped,and thus His shorts would have been crushed regardless,yet for how long
is like guessing whether the Summit party will ever take place.

He then says he decided to back the Trump equivalent of the profits from believing an expedition that intends to climb Mount Everest by the most dangerous route in the worst weather forecast in decades will be a huge money maker when they have the "summit celebrations"

All good for Mr Druckenmiller to talk His own book,which He is of course good at,yet
those that follow Him should also understand He can and will change His stance at a stroke,yet only tell His followers "after" the event.

Whilst I am glad Mr Trump is President,and at least Has his own ideas for the economy
I dont believe for a moment that Mr Druckenmiller will remain unflinchingly for the Summit Celebrations as He is more trying to follow the Robots than forecast the future,as that is His future in leveragad bets.

With so many dangers out there- reaching that Summit more needs a miracle than "hope"
so over the months will see who invests in "Miracles"

So we have opinion that.............

Gold will fall because of Deflation ?
Gold will fall because of inflation.?
(We could witness deflation & inflaton at the same time !!!!????)

The World will flock to the $Dollar

(Doesn`t Trump want strong Manufacturing growth,yet Exports would surely collapse,with a flood of Cheap for the $ Imports collapsing already
collapsed Manufacturing ?)

Trade Wars !!!

Doesn`t a strong $Dollar bring deflation to the US !!! ?

Maybe Italian Banks,refugees,War,bankrupt Consumers and a possible Tsunami of sub-prime property debt starting from Australia (or somewhere),collapsing Europe,
will all add to the Cognitive Dissonance.


I will stick to the hope of Gold & Silver rather than the Miracle,yet maybe
Cognitive dissonance will be my downfall too.

[gaaston] 27/11/2016 20:06

Indeed richgit, the panorama will become clearer and not too far out. I certainly don't regret buying into a basket of 5-6 pm stocks, with a good % of cash plus physical.

[richgit] 27/11/2016 17:48

gaaston.

It would seem the US retail figures have been heavily massaged/invented.

That suggests the Fed will unwittingly raise interest rates on a weak economy.
with a following devastating consequence.

But is the Fed so unaware of the false propoganda they support !!?

Whilst everyone is being forced to move to one side of the Titanic we may get some more paper Gold inflicted pain in this Dot-Com type euophoria being engineered.

Whilst Gold and Silver remain the only true money around,and also currency that cannot be printed, both will eventually have to rise some huge percentage to
even fractionally catch up with with the printing of other currencies taken place and to come.

The Central planners have gone far beyond the point of being able to do anything within the realms of sensibility so they will ratchet up irresponsiblity as it is the only game in town now.

We are surrounded by chaos and the Banks are going to digest more debt delinquency which is going to be moved into the Black Hole for most,yet no doubt
there could be some sacrificial lambs unless they print enough to stuff all
the $trillions of bad debt into the Black Hole, so delinquent Banks can start
the process over again (and again).


I am just going to be a hedgehog through December as no doubt the Central Planners will attempt to support and deny whatever potential Carnage Yellen inflicts.

The major Physical Gold buyers will be busy in 2017 until there is nothing left
for Joe Bloggs in the bargains we are witnessing.

[gaaston] 25/11/2016 22:17

richgit, you have spoken about these things and for many a year...

hxxp://www.gold-eagle.com/article/wealth-destruction-90-next

In my opinion it is now (possibly) too late to sell small gold stocks, however AAU and EUA have not fallen (in sympathy) with PM's recent decline: the latter has monstrous potential with the platinum complex being financed by 'official' China etc = apols all for the O/T

Anyway the last para of the above clip stresses a scenario where owing physical is the way to go for a portion of one's wealth: plus caveats

[bean02] 24/11/2016 10:20

Excellent posts!

[richgit] 24/11/2016 08:10

The vast Majority of Americans will not have noticed the claimed fractional improvement of the Economy ( all assuming there was/is any (temporarily).

In election year that has cost $1.8trillion of further Government borrowings which in any Accountant`s audit is - seriously bad maths !!

As the Lemmings all follow each other (or follow the Robots)some will find they are a step away from the Cliff edge.

The next step could be critical as Yellen has her Elvis moment "caught in a trap"

With a 100% assumed certainty of a rate hike there is no room for surprises,yet
Mortgage rates will surely be critical for Builders and all their "peak starts"

Whilst things are never like for like I remember all the "starts"in Spain at their peak that remained as "starts" for years after -and 8 years later many are either still started or abandoned in the Bankruptcy courts.

If we get $1150 for Gold it will possibly be the buy to not look back on as Russia
piled in for more in October and the Indian prime Minister can never stop its people buying Gold,and most certainly their own Central Bank will need more Gold


All Central Banks will need to buy more Gold regardless of whether Joe Bloggs leaves it too late.

Should we also freeze a loaf of bread which was worth Z$75Billion in Zimbabwe`s
past game with Inflation.

[richgit] 22/11/2016 21:51

I cannot verify the figures,

However -I have read that for the whole of 2015 the Comex was only asked
to deliver 51 tonnes of Gold from the Casino, which is about par for the course
for a Paper Gold Casino that has virtually 0 to do with Physical Gold,and wholly reliant on a 100-1 leverage of virtually 0% demand of delivery.

So far this year they have had to deliver 191 tonnes, of which 168 of those are since May- with June & August totalling 90 tonnes !!?.

That would explain the frantic manipulations into the futures markets etc as the Comex has been desperately trying to save/scam/threaten for every tonne possible to meet December deliveries.

We possibly have to wonder what premium they may offer to some for not taking delivery.

Yet,some would have us believe there is no demand.


As Eddie George stated "We would have done anything to hold Gold down"



Then eventually they couldn`t.

[richgit] 17/11/2016 13:47

Yellen talks about fears of excessive risk taking with excessively low interest rates.

The excessive risks have surely already been taken to maximum -
In Property(that could fall in value)
Multiple year car loans(already hitting sub-prime),
Credit Card debts (climbing in defaults)
and the obscene and absurd huge borrowings for stock buy backs and dividend payments.

When just those few problems come home to roost on the interest rate hike ?

But then when was anything reality,as we have to go back decades before the US
became the West`s drug baron of debt addiction.

With a virtual 100% belief the Fed will raise in December,which assumedly they will, then arguably Gold has priced it in with no surprise element left.

Of course I wouldn`t "short term trade" anything in these Markets unless I could
communicate with the Robots

[richgit] 17/11/2016 12:02

gaaston.


I am just concentrating on what extra finance I could release for 2017 for any judgement of the right time to deploy it,as I would prefer to now back any convincing rollercoaster with extra funds and just sit tight in the meantime.

It will be a fascinating year with the Fund Managers all talking their own book(as usual) and no doubt headlines of Inflation & deflation (possibly running concurrently).

Short term Traders will spend more time with their Psychiatrists as they lose all self control over their own beliefs and opinions-with Gold possibly rising and falling $100 in days in what should be a gradual stair step up and possibly the full extent of falling Gold production becoming glaringly obvious in 2018.

Of course all assuming Trump survives whilst Soros finances potential US Civil War.









.

[gaaston] 17/11/2016 11:38

With the cash crisis in India pog is in the region of $2800 there at the moment.

[richgit] 17/11/2016 11:31

Gold’s dwindling pipeline of new mines is poised to usher in a decade-long output slump, spurring prices and delivering a new impetus for deal making and industry consolidation, according to Goldcorp Inc., the third-largest gold producer.

Mine supply may fall about a third in the 10 years to 2025, according to Bloomberg calculations based on forecasts from BMO Capital Markets and Randgold Resources Ltd. The number of newly discovered primary gold deposits fell to three in 2014, from a peak of 37 in 1987, according to Melbourne-based industry adviser MinEx Consulting Pty.

The number of deals in the gold sector this year is the highest since 2011, as the metal’s price surge has spurred producers to trade assets to add production or to improve the quality of their mine portfolios. Goldcorp is reviewing opportunities for acquisitions or partnerships including in new discoveries and existing assets, both in the Americas and further afield, Telfer said.

“What we’ll possibly see is consolidation in the industry as a result, whether that’s a large company taking over smaller ones, a number of smaller ones getting together, or even two or three large companies being merged,” Ian Telfer, chairman of Vancouver-based Goldcorp, said in an interview. “No CEO wants to run a shrinking company.”

[richgit] 16/11/2016 08:33

Peter Boockvar points out....


Bankrate(dot)com said the average 30 yr mortgage rate rose another 11 bps yesterday to 3.88%, up 41 bps over the past week.
At last Monday’s 30 yr rate of 3.47%, a $300k mortgage would have a monthly payment of $1,342.12. At the 3.88% rate, the monthly payment would increase by about $70 to $1,411.57, a 5.2% increase.


Mr Trump isn`t even testing His seating position yet,as the Mayhem markets and
their Robots are trying to price everything for when He does.

I confess that my own agenda used to include Oil as I read everything possible
over the years about the virtually unanimous opinion there would be an Oil crisis
and shortage by now.

How that got turned on its head is something to tell the Grandchildren,so how
these high speed munch everything robots can price hindsight will be another story to tell.

With 90% belief the Fed will raise in December- I just hibernate and wait for
the possible carnage of mispricing - hindsight.


I remain to the only foresight that if "Physical" Gold demand remains above what comes to Market that the source of the supply deficit continues to be drained and at some point becomes "drained" !! (but when ?)

If only we could have Hindsight as foresight,yet those relying on Mystic Meg
to tell us what the Robots will do next may as well just revert to the Monkey/Chart/Pin sticking -as no doubt they will be right at some point assuming they survive the wrongs.

No wonder so many Fund Managers have given up.

[gaaston] 15/11/2016 18:06

hxxps://www.bullionstar.com/blogs/bullionstar/bullion-banking-101-speech-by-bullionstar-ceo-torgny-persson/

the above confirms richgit's view. CEO of bullionstar in Singapore

Now to rest :)

[gaaston] 15/11/2016 14:02

My previous '630 refers. Chipperfrd on HOC starting on 8226.

breaktwister I am in the same position as yourself...... and for now not knowing what to do I have decided to take a few days out, or let the 'events' settle down in our minds. I know investors who have millions of these. The Shanghai effect IS positive and many global worries are on high agenda. Nothing more to say really

[breaktwister] 15/11/2016 13:45

I wish I could top up here but unfortunately I listened to all experts, and I mean everyone, saying that a Trump win would be bad for stocks and good for gold so I positioned myself accordingly with OMI as one of my major positions. Obviously a losing position which is very frustrating. So if Hillary had won gold would have tanked and stocks through the roof but now that exact response for Trump. Stocks are in a bubble, the DOW to gold ratio is crazy high and when this pops, if it ever is allowed to, gold and silver will skyrocket. On this basis I continue to buy PM but am overexposed on OMI already due to a confident Trump bet on the advise of all supposed "experts".

[gaaston] 15/11/2016 12:48

Thanks everyone for some worthy info'

Also, very good technical stuff on how the PM markets actually work over on HOC this morning: not often posted anywhere: real eye-openers, yours too richgit.

[gaaston] 14/11/2016 20:13

Eddie George remarks surfaced earlier this year: something like "the world banking system is destined to fail, at least in Europe it is". Not the exact words, and was echoed by Greenspan a bit earlier who advocated getting into gold from a global point of view.

The timing of these things cannot be precise in my opinion

[breaktwister] 14/11/2016 19:29

With the paper slamming of gold it creates arbitrage opportunities with the real gold market in Shanghai. The only outcome from this is that gold will continue to transfer from Comex to China until there is perhaps only a sliver left. I bet even then the fraudulent selling contracts will continue on infinite leverage.

[breaktwister] 14/11/2016 19:20

Richgit, where did you get the Eddie George quote?

[billthebank] 14/11/2016 17:45

Never mind physical gold what is going on here.Looking for a new entry point as exited at 17

[richgit] 14/11/2016 17:41

What is different since 1999 ?

For certain many ouf our so called Financial Advisors were more interested in
their Acne then.

They know nothing about Physical Gold,16% Mortgage
rates,20% overdraft rates----a bit like unmarried marriage guidance counsellors.

What they do know is ever increasing debt,interest rates declining to 0.and
Comex Gold leverage increasing to a minimum of 100-1
So what !? would be their answer




So-do we ever learn ?



‘We looked into the abyss if the gold price rose further. A further rise would have taken down one or several trading houses, which might have taken down all the rest in their wake. Therefore at any price, at any cost, the central banks had to quell the gold price, manage it.

‘It was very difficult to get the gold price under control, but we have now succeeded. The U.S. Fed was very active in getting the gold price down. So was the U.K. ’ Sir Eddie George (1938-2009), Bank of England Governor, September, 1999.

[gaaston] 14/11/2016 15:19

Thanks for the comments break'r, yet the market is always full of surprises, sometimes very big ones :)