Medusa Share Discussion Threads

[deka1] 10/11/2015 16:22

18 Numbers That Scream That A Crippling Global Recession Has Arrived

[atlantic57] 10/11/2015 12:05

Hello all Shanta Gold looks worth a look also in my opinion.

[deka1] 10/11/2015 11:50

TF hi , I think that's a good idea,keep what they don't need to spend in real money (bullion), less finding its way to the crimex ,for the time being,the less metal that thing gets the better.

Abacus hi, of course I would hope that an increase in prod would push the share price higher ,and a reduction in costs,chip worked the numbers a while back,with gold price around the 1200 mark,dont know which posts they were,may take a bit of finding, perhaps chip will re post them for us based on 125kozs for the year to next June.
But I believe the POG will be the main driver over the medium term,we need a up trend in gold for a year or two,just a gradual rising trend, like back in 2009-2011,if that happens we will see the sparks fly.

[abacus23] 10/11/2015 11:20

tightfist,

I'm a little confused now!

If the sector is now solely reliant on Gold prices, then MML by association, will be range bound from 35-50c forever.

Surely producing 120,000 ounces a year will increase the share price?

I was looking to add, but I’m now not convinced, i wouldn't be buying miners, like BHP or RIO quite yet, but i feel MML is good value.

[tightfist] 10/11/2015 09:40

Hi deka,

Agreed, it's becoming largely a PoG sentiment-driven sp, now that the MML operations and fundamentals are far more credible and robust. I was just wondering how we/sp would react if the company said it was going to operate cash-neutral and to place the remaining 15-20% of production as bullion in a secure vault and (as opposed to cash) on the Balance Sheet?

Cheers, tightfist
PS: I trust we are going to have an AGM synopsis and video by the end of this week!

[deka1] 09/11/2015 15:05

abacus hi, its the price of gold that will have the most effect on the miners,its a sector thing,no one wants to buy and hold with the gold price down where it is,until the price setting is taken away from the comex futures or for whatever reason golds allowed to increase in value,the miners will struggle,its a crying shame , because Medusa looks to have turned a corner,with its understanding of the mine geo characteristics,and production is increasing and costs are dropping .

[abacus23] 09/11/2015 14:47

Meanwhile funds have been selling out and have little interest in buying so that the company is ripe for a take over for less than $A150 million (£75 million) which would be a 50% premium to the current share price

--

At least that would get the market cap up a bit quicker.

How many quarters around 31,000, does it take to start getting back to the $1/$2?
Even with gold around 1080.

[deka1] 09/11/2015 14:25

Even the Olympic games are sacrificed on the alter of corruption,along with world football,nothing is sacred ,anyone who believes that gold - silver - plat market is not not utterly contaminated is a naïve fool, how do they keep getting away with it.

[chipperfrd] 07/11/2015 21:13

Hi Dek, good evening to you.

In my opinion it will eventually get sorted out when physical demand overwhelms the LBMA as they cannot fail to deliver to sovereign clients.

We have a good idea about the level of consumption, so the issue becomes 'how much unencumbered metal is left to deliver'?

The excellent analysis by Ronan Manly (see provides a reasonable set of numbers for all the available gold left in London.

If correct, it would appear that the ETFs have c. 1,122t - but after the mauling of the last few years, that may well now be held in strong hands. That leaves the BOE-vaulted gold of c. 5,134t. But it looks as though 3,783t of that is owned by the UK and foreign treasuries. Some of that may actually already be loaned out or part of swaps etc., but either way, it would presumably not be available for passage to the East!

That leaves just 1,351t of 'unknown' gold left in London to cover the LBMA and a variety of other smaller players. Plus there will be a dribble of fresh mine supply. But as global supply is less than 8t/day and as London only gets a proportion of that (say 70-80%) it really does not make much difference.

The average draw-down by the Chinese domestic market alone is averaging 52.8t/week so far this year and India looks to be on track for 1,000t for 2015 (ie. another 3t or so per week).

The Middle East, Turkey, and a preponderance of Asian and Eastern countries demonstrate a public preference of gold over currency and we have seen Russia, China and a few other Central Banks adding gold to their reserves in recent times. If this trend continues, as it is likely to do at these low prices, then it can only be a matter of time before the first of the LBMA banks is stuck for liquidity to make deliveries.

The remaining stock of BOE-vaulted gold (1,351t) only equates to 3.7t/day over a full year. Which even with some fresh supply from miners does not look capable of prolonging the point at which available gold dries up. But I would reason that long before that point is reached there will be 'rats leaving that particular sinking ship'!

Given the problems with the financial system worldwide I am of the opinion that this situation is pretty obvious and one would assume that there will be a growing number of deep-pocketed individuals and organisations that will already be getting set to profit.

We shall see!
Chip

[deka1] 07/11/2015 19:32

Cheers chip, the leveraged ratio now 300-1, wonder what if anything happens when it hits 400-1 or 500-1, will someone put this onto the mainstream media lol,because that's what it going to take imo the advertising of this FRAUD for the whole world to see , perhaps then action will be taken to cut this cancer out, I cant see any other way old pal.

[deka1] 07/11/2015 12:42

The fraud of manipulated markets has been going on for years , and I don't think its something that could be reset to a free market in a short space of time,if what we believe is true (that every commodity market is manipulated).
To go back to a free market would have to be a gradual process imo, so that the prices of everything can adjust to the upside.
INFLATION !!

[deka1] 07/11/2015 07:10

They answer only to the money masters,all politicians are on the take , in one form or another, not just in the good ol US of A.
Not much is done to benefit the people they represent, its an utterly rotten system based on greed.

[stevea171] 06/11/2015 20:58

Paul Craig Roberts – Financial Corruption, Propaganda And Why The U.S. Government Won’t Answer My Letter November 06, 2015

On the heels of the U.S. Jobs Report being released and the manufactured surge in the dollar and pounding in the gold and silver markets, today former U.S. Treasury official, Dr. Paul Craig Roberts spoke with King World News about the total corruption of the financial markets and why the U.S. government won’t answer his letter about the proof of this corruption.

Dr. Paul Craig Roberts: “I actually sent a letter (a few months ago) with the proof (of the rigging of the gold price by the agent banks of the United States government) to the Commodity Futures Trading Commission (CFTC), and asked them why they don’t do something about this illegal manipulation? And I didn’t even get an answer. (Laughter).”

Eric King: “Just so I understand this, even though they received a query from a former U.S. Treasury official of the United States, the CFTC thought, ‘Well, we don’t really have to answer this guy.’”

Dr. Paul Craig Roberts: “Yes. That’s right. They don’t have to answer a former U.S. Treasury official. But the government doesn’t answer to anybody, does it?…

[nielsc] 06/11/2015 19:35

Lots of seasonal workers then. Love the way this is being paint as a strong economy. How many people buy this?Cheers,Niels

[deka1] 06/11/2015 18:48

.


After several months of weak and deteriorating payrolls prints, perhaps the biggest tell today's job number would surprise massively to the upside came yesterday from Goldman, which as we noted earlier, just yesterday hiked its forecast from 175K to 190K. And while as Brown Brothers said after the reported that it is "difficult to find the cloud in the silver lining" one clear cloud emerges when looking just a little deeper below the surface.

That cloud emerges when looking at the age breakdown of the October job gains as released by the BLS' Household Survey. What it shows is that while total jobs soared, that was certainly not the case in the most important for wage growth purposes age group, those aged 25-54.

As the chart below shows, in October the age group that accounted for virtually all total job gains was workers aged 55 and over. They added some 378K jobs in the past month, representing virtually the entire increase in payrolls. And more troubling: workers aged 25-54 actually declined by 35,000, with males in this age group tumbling by 119,000!

[deka1] 06/11/2015 18:30

CP42 hi, i'm with you on all counts , the USA lies about everything to do with the economy , markets,banking, any sort of financial insti,any statistic, cpi, unemployment ect, hell NFP jobs nos 270k, aye 50k coffee jockys, 50k burger flippers , and 170k Santas and there little helpers, what WTFs a fraggle stick.

[cp42kx07] 06/11/2015 16:27

IMO it is nothing short of bizarre that a (potential) long-heralded, slight increase in the Fed rate is accepted as a justification for the recent near 10% drop in the PoG during the last fortnight. Even more so given how close the PoG still is to its 5 year low.

Putting aside questions as to the validity of the underlying data ("lies, damned lies and statistics", e.g.: the US government has changed its methodology for calculating inflation some 20 times during the last three decades) it is interesting to compare historical data for both the PoG and interest rates (nominal and real):

hxxp://www.dailypfennig.com/2015/10/11/will-gold-fed-raises-rates/

What is the real CPI level? Almost certainly not the published < 2% figure. Any takers for 4%?:

hxxp://www.shadowstats.com/alternate_data/inflation-charts

Why would anyone want to hold US Treasury bonds paying negative real interest rates (denominated in a currency issued by a government with an $18t debt) rather than gold?

The answer, presumably, brings us back once again to concerns over misinformation and market manipulation.

It will end in tears.

[abacus23] 06/11/2015 14:29

atlantic57,

I was expecting the jobs data to be bad as well.

I even topped up last night. :(

Well, I expect a re-test of the lows now.

Randgold have fallen heavily.

[atlantic57] 06/11/2015 14:12

Well i expected the jobs data to be bad!
i thought the dollar was strong and earning were weak in Corporate America.
i guess i was wrong!!!

[abacus23] 06/11/2015 13:52

Oh dear, gold has gone vertical and not the way we wanted.

:(

[atlantic57] 06/11/2015 13:12

You would expect the jobs number to dissapoint and gold to go up!