Medusa Share Discussion Threads

[stevea171] 07/1/2016 22:11

With today's action in gold, sellers of MML on the ASX who have been falling over themselves to sell at almost any price have finally evaporated!

Expect a decent rise tonight .... Open currently projected to be 43c but could finish much higher.

Order book;
51 buyers for 753,738 units................ 20 sellers for 221,812 units

[deka1] 07/1/2016 19:31

LOOKING at the DOW tonight down at the mo near 400 , but the gold miners up between 6-10% , and market vectors up 5%, is this the big one ?

[tightfist] 07/1/2016 19:08

Hi deka,

Yep, yours' is a neat summary. I hope that during this year the Asians will start to grasp the reins of gold pricing and with it turn gold sentiment, and that the Yanks are increasingly pushed onto the back-foot. [O/T: The Donald Trump influence over Scottish thinking (did you listen to Jeremy Vine today?) based on financial considerations is yet another example of the power of the USD distorting cultures].

At least we now know from Goldminer that AT is "on-site" next week (unless that's a Construction Site associated with his other job....) so there's a fair chance that the Q2 report will be accurate, relevant and fresh.

To be honest I am not unduly concerned about the Q2 production figures (because RG has his finger on the pulse), I am far more concerned about the BoD and the CEO appointment stalling.


Cheers, tightfist

[arja] 07/1/2016 18:26

for those interested..- probably OGC, SAR and maybe the spec , SLR , have best looking charts and might move upwards in OZ on friday . MML should do OK too


hxxp://www.australian-gold.com/gold-shares-producers-miners.html

[deka1] 07/1/2016 18:18

TF cheers, I hope the ih&s pans out ,if the gold rally continues it will help us a lot, but what we need is a trend change in pog , to last a couple years or more,a return to the BULL and imo that's upto the Fed, equities looking sick last few sessions, hope for a sentiment shift for gold also, things looking up for MML at the mo, three weeks to qtr2 report,i think they will wait till then to tell us that the shaft mods are finished, the new CEO announcement will have to be RNSd immediately though, good luck to all holders .

[tightfist] 07/1/2016 17:35

ILTL, I had my neckline drawn at 37,5c so we have broken the line as far as I am concerned. Charts are representations of human psychology (fear, greed, etc) going back centuries - I wonder how markets were manipulated then?. This is an example of a market bubble almost 400 years ago:

hxxp://www.investopedia.com/terms/d/dutch_tulip_bulb_market_bubble.asp

If you invest in a decent asset upon completion of an Inverse H&S price pattern and place a Stop Loss just under the recent low, you won't go far wrong, IMHO. The snag here is that we have the uncertainty of the CEO appointment, hence I have only added 9% to my holding since the AGM.


Cheers, tightfist

[deka1] 07/1/2016 17:18

Hi Charles , It sure is, with big increase in prod to boot, but all the surviving golds need the POG on an uptrend,but imo you could do a lot worse than MML.

[charles clore] 07/1/2016 17:01

This is looking very much like a recovery play linked closely to the pog

[deka1] 07/1/2016 16:49

ILTL hi , all the best to you, i'm not a chartist lol but every little helps,
I just cant see how charts are accurate pointers in manipulated markets,being as they are based on history repeating itself over and over,but I know a few people who swear by it old pal.

[tightfist] 07/1/2016 16:47

Last night's positive price action was a lot more convincing with 1,9m shares traded.

[ilostthelot] 07/1/2016 16:38

I read the book Deka. Was alright had to re read a few pages to get my head round it..
Still can't believe they got away with such fraud.

MmL chart inverse H&S looking good for a break of that line tonight with gold stronger.

[abacus23] 07/1/2016 15:42

Gold up another 1%.

Perhaps this is the start of something big?

[deka1] 06/1/2016 19:58

Pleasant reading:

[deka1] 06/1/2016 19:43

Hedge funds have been shutting up shop in ever larger numbers, (a least 171 since 2006) and the numbers are increasing,




Why should regular people care about the travails of the leveraged speculating community? Because these guys are generally considered to be the finance world’s best and brightest, and if they can’t figure out what’s going on, no one can. And if no one can, then risky assets are no longer worth the attendant stress.

In response, a system that had previously embraced leverage and “alternative” asset classes will go risk-off in a heartbeat, and all those richly-priced growth stocks and trophy buildings and corporate bonds will find air pockets under their prices. And since pretty much everything else now depends on high asset prices, things will get ugly in the real world.

A case can be made that such a contagion is already underway but is being hidden from Americans by the recent strength of the dollar. According to Deutsche Bank, when measured in dollars the rest off the world is now deeply in recession and falling fast.

In other words, Main Street is vulnerable to leveraged trading algorithms and Brazilian bonds because it’s not just exotica that is overleveraged. Virtually all governments have to refinance trillions of short-term debt each year. Corporations have borrowed record amounts of money in this expansion (and wasted much of it on share buy-backs). Pension funds (the last remaining leg of the middle-class stool for millions of Americans) are grossly underfunded and will have to slash benefits if their portfolios decline from here.

Risk-off, in short, is no longer just a temporary swing of the pendulum, guaranteed to reverse in a year or two. As amazing as this sounds, we’ve borrowed so much money that as hedge funds go, so goes the world.
------------------------------
Something is going to happen soon I think,all the Fraud,market manipulation, and criminal activity in the financial world must come home to roost eventually.IMO

[abacus23] 06/1/2016 16:25

gold up another 1.1%.

We surely must break 40c tonight in Auz

[deka1] 06/1/2016 13:30

chapv hi, a futures market , fed bullion banks, and the London wing run by the same banks, and a licence to print money , and you control the global price of anything you want , when you want to.
biggest frauds in human history been playing out before our eyes for decades.
and done with impunity .

[goldminer70] 06/1/2016 11:22

I sent an EMail to Andrew Teo aking about his promise of a "new CEO within a month" and progress of the shutdown. I have had a reply from his secretary, Rina Shah, saying "Andrew is away this week and on site next week and will respond to your email upon his return." ~ I am not holding my breath.
Tightfist
You say you sent an EMail to "[e-mail]" If you had sent it to "ateo" instead of "admin" it would have got in Andrew Teo's EMail box. I am not saying you would have got a reply.
Goldminer70

[chapv] 06/1/2016 10:42

Hi all Happy New Year to you.

Hi Deka interesting thoughts I guess the system is amd has always been rigged. I have always wondered what went on at Davos!

Regards
vic

[deka1] 06/1/2016 09:21

FROM a discussion on the film THE BIG SHORT,

I think this must apply to the gold market along with everything else, it re enforces my belief that the gold market is a market of only one player , and that's the Banksters,the money just goes round in a circle between the FED banks, to keep the price where they want it , for whatever reasons they have to do so.
---------------------------------

This is the same thing they did in the CDOs that the film shows correctly. The underlying crashed but the banks would not lower the CDOs because they would have to pay. That was outright fraud. The banks are simply not trustworthy in such situations. Anyone who even thinks they are covered by a proprietary option the bank creates and prices, is clearly immature and out of their mind. They have ZERO trading experience and do not have the experience to hedge or manage money. You cannot trade with a counterparty who creates and prices the product to their own benefit. It is just insane.

The CDOs on Greece they rigged and would not pay off on claiming they covered only a full default – not partial. It is pointless dealing in such derivatives everyone touts as the end of civilization for they assume these things would even be honored. They will not. Only an exchange is partially safe. Even there the COMEX screwed the Hunts in the metals back in 1980 raising margins only for long-positions. They screwed me in the Ruble. Regulators also always side with the bankers. So caution is ALWAYS advised.

[deka1] 05/1/2016 16:52

TF hi, accountants only need to be numerically literate,they bring nothing else to the table imo, add up the costs of the thing the comp sells and deduct that from the price they get for it in the market = gross profit, whats hard about that, its got to be the easiest job at the mine,and he's probably got a couple of minion accountants doin that for him lol,

With respect to any accountants on here,;-0

[tightfist] 05/1/2016 16:03

Hi deka,

A beancounter would be OK as Chair, IF he also displayed man-management skills and shareholder alertness. AT hasn't replied to my letter, which I assume was passed-on after being handed to RG in London. Neither has "[e-mail]" replied to my subsequent November email, before the AGM.

According to ASX, AT was actually appointed on 12th November as "Exec. Chairman on an interim basis", though none of the 12th November ASX Announcements have been uploaded to the MML Newsroom [I have written to MML before and complained about that shortcoming]. That way I suppose he can delegate responding on operational stuff to the COO; is a Chairman actually expected to know what is going on?!


BL,

If we still had a London Listing I would venture to suggest that we would still have ASX liquidity from fund dealings derived from the LSE listing, have an share price warranting exposure by ASX200 funds, such that Van Eck would still be in - and thus AT would be held to account by the Institutional Investors. It's a whole pack of cards that has collapsed; possibly also the loss of NED Robert Weinberg.


Cheers, tightfist

[bluelynx] 05/1/2016 15:37

TF / Steve


I now wonder that if we had a London listing, would it be more difficult for Teo to ignore us shareholders.