Orosur Mining Share Discussion Threads

[fangorn2] 01/3/2015 17:54

"how China is maneuvering, and how the new exchange will radically alter price discovery for the gold and silver markets."

Weve been talking about this "move" for at least a year...and look where Silver is trading....Sprott, Rule and Co utterly wrong on the Silver call for the last 4 years

[rhuvaal2] 01/3/2015 16:50

This is one of the most important interviews ever given by Maguire to KWN and it has now been released. You can listen to it by CLICKING HERE OR ON THE IMAGE BELOW. Maguire discusses the precise details of the launch of this new exchange, how China is maneuvering, and how the new exchange will radically alter price discovery for the gold and silver markets. He also discusses how it will change the game for producers, who have expressed anger about the bullion banks and their price suppression scheme. This interview is a must-listen for anyone invested in gold and silver.

[richgit] 28/2/2015 16:53

It would seem the demise of the LBMA Bullion Banks may be on its way.

Those wanting to repatriate their Gold could be told- they simply cannot,so
will they accept the cash default and buy in the true Gold Market.?

The Comex could be finally on course to only play to the tune of prices set by the Physical Market and not those set by JP Morgan et al with their frauds


Cross fingers.

[richgit] 26/2/2015 12:54

rhuuvaal2

They will push Markets ever higher if they can,as they hold belief that high Markets supports all the false employment figures etc etc.

We can sleep at night until something sends a spark to the trail of gunpowder
leading to the quadrillion of derivatives and down goes JP Morgan presumably.

Will Obama with sleight of hand join the crowd stealing pensions ?

I never knew, but read that in the period of Weimar Germany, their stock Market
soared.

I confess I missed a trick in not understanding they would drive Markets through the roof because everything is so bad, yet We also know that from
$250 per ounce Gold reached $1900 and only stopped because Paper Gold is
margined and massively manipulated-whereas Physical is bought and paid for.

All PGM`s could head for large shortages which will become harder and harder
to manipulate, yet the game continues whilst they represent alternative currencies to Paper IOU`s backed by debt and negative assets.

Assuming the day arrives that Gold sees those deficits over time-then when
Gold is unattainable to the masses....Silver goes through the roof !!!

They cannot print these alternative currencies so, like the past Gold standard,
we Cannon Fodder need to hold some in several forms.

We are also reminded to keep some cash under the bed-just in case the worst happens, until they produce the next Currency which assumedly is ready to go.

Nobody knows how long they can keep this going, yet I guess any requirement
of US QE to infinity will be the last attempt until we all owe so much that debt couldn't be repaid until the Dinosaurs re-appear.


Richard Russell thinks the answer is to reset Gold at $5,000 or $10,000 yet
that would mean all those owed Gold would have to get their hands on it.

I haven't a clue-yet know Gold will eventually rise as it remains the only
currency that has and will survive for those that have it.

There certainly isn't enough for all of us.

[rhuvaal2] 25/2/2015 10:29

Last night the BBC news stated "markets highest ever"..... well remember when "largest falls" have been reported too......

[richgit] 25/2/2015 08:26

They certainly wont make it headline news,yet rather amusingly apparently Yellen
warned Greenspan about the dangers of raising interest rates too soon.

Greenspan now says-"Buy Gold-the economy is heading for a disaster "

Euroland added Gold !?

"Nevertheless, the rise in Euro-area gold holdings shows how the ECB continue to view gold as an important monetary asset. Mario Draghi said of gold in October 2013 that gold is a “reserve of safety” that “gives you a value-protection against fluctuations against the dollar.”

Draghi told an open forum at Harvard’s Kennedy School of Government, why central banks want gold and what value it offers. He said that there were “several reasons” to own gold including “risk diversification̶1;.

The increase in reserves came at a time, January, of rising gold prices amidst the reemergence of the Greek debt crisis"




If Euroland does increase its holdings further or merely comes to an end of
Gold leasing nonsense into suppressions, then the possible 1000 tonnes deficit looms.

They cannot print 1000 tonnes of gold no matter what they do or say !!.

[richgit] 24/2/2015 08:51

Nothing will change as all will be brushed under the Carpet.
The whole system is involved in the Frauds & Manipulation to save Paper IOU`s with their endless dilution, devaluing and plunging asset backing (unless some think endless debt is an asset)

However - Know our enemies and the fraudsters being used by our Central Planners
as nobody can believe a word these people say,whether currency values,Oil values or anything on the Planet that can be manipulated by fraud !!!!!!......

( Barclays PLC, Credit Suisse Group AG, Deutsche Bank AG, Goldman Sachs Group Inc., J.P. Morgan Chase & Co., Société; Générale SA, Standard Bank Group Ltd. UBS AG ,HSBC Holdings PLC ).........until one of them implodes in some derivative web that gets out of all control......


U.S. officials are investigating at least 10 major banks for possible rigging of precious-metals markets, even though European regulators dropped a similar probe after finding no evidence of wrongdoing, according to people close to the inquiries.

Prosecutors in the Justice Department's antitrust division are scrutinizing the price-setting process for gold, silver, platinum and palladium in London, while the Commodity Futures Trading Commission has opened a civil investigation, these people said. The agencies have made initial requests for information, including a subpoena from the CFTC to HSBC Holdings PLC related to precious-metals trading, the bank said in its annual report Monday.

HSBC also said the Justice Department sought documents related to the antitrust investigation in November. The two probes "are at an early stage," the bank added, saying it is cooperating with U.S. regulators.

Also under scrutiny are Bank of Nova Scotia, Barclays PLC, Credit Suisse Group AG, Deutsche Bank AG, Goldman Sachs Group Inc., J.P. Morgan Chase & Co., Société; Générale SA, Standard Bank Group Ltd. and UBS AG, according to one of the people close to the investigation.

Bank representatives declined to comment or couldn't be immediately reached. A CFTC spokesman declined to comment, as did a spokeswoman for the Justice Department.

The precious-metals probes are the latest example of regulatory scrutiny into how the world's biggest financial institutions influence widely used benchmarks. Until last year, prices for gold, silver, platinum and palladium were set using a decades-old practice of once- or twice-a-day conference calls between a small group of banks. The process for setting each of the price "fixes" has since been overhauled.

Benchmarks for the four precious metals affect jewelry prices and financial products such as exchange-traded funds. U.S. commercial banks regulated by the Office of the Comptroller of the Currency had $115.1 billion of precious metals-related contracts outstanding as of Sept. 30.

Previously launched investigations of the interest-rate and foreign-currency markets have led to billions of dollars in settlements from major financial firms. Related probes are continuing in the U.S. and Europe, with additional cases against firms and individuals by the Justice Department expected in the coming months, according to people familiar with the matter.

In the interest-rate investigations, banks often reached settlements with U.S. and U.K. regulators, which made similar allegations of collusion in the rate-setting process. In contrast, the U.K. Financial Conduct Authority and German financial watchdog BaFin reviewed the precious-metals benchmarks but closed their inquiries without finding evidence of wrongdoing, according to people familiar with those probes.

Robert Hockett, a law professor at Cornell University, said it is "not particularly surprising" that the Justice Department is plowing ahead despite the decision by European regulators. Recent scrutiny of big banks' operations in the physical commodities markets and criticism of the Justice Department's financial-crisis track record make it "quite understandable" that the agency would investigate allegations of precious metals price-rigging.

Last year, the FCA fined Barclays GBP26 million ($40.2 million) for lax controls after one of its traders allegedly manipulated the gold fix at the expense of a client.

The bank said at the time that it regretted the situation that led to the settlement and has enhanced its controls. A Barclays spokesman declined further comment.

Swiss regulator Finma settled last year allegations of foreign-currency manipulation with UBS. The regulator said it found "serious misconduct" among precious-metals traders at UBS, including "front running," or trading ahead of, the silver-fix orders of one client. A spokeswoman for UBS, which said at the time that it "instituted significant cultural and compliance changes," declined further comment.

Some of the banks under scrutiny by the regulators are also fighting potential class-action lawsuits filed by investors, traders and other plaintiffs in a federal court in Manhattan.

More than 25 lawsuits have been filed against Barclays, Deutsche, HSBC, Bank of Nova Scotia and Société; Générale over their alleged role in setting the gold fix. The plaintiffs are seeking damages for losses suffered due to the alleged manipulation of the price of the metal and gold derivatives. Law firm Berger & Montague, the court-appointed co-lead counsel for the proposed class-action suits, said the gold fix affected trillions of dollars worth of gold and related financial contracts.

Jewelry company Modern Settings LLC last year sued the firms that used to set the platinum and palladium fixes. The proposed class-action suit seeks unspecified damages from Goldman, HSBC, Standard Bank and BASF Metals Ltd, a unit of chemical giant BASF SE, for losses suffered from their alleged "nearly eight-year unlawful conspiracy to manipulate and rig" the metals benchmarks.

The banks and BASF are fighting the lawsuits.

Meanwhile, the CFTC and Justice Department are pushing ahead with an investigation into another interest-rate benchmark, according to people familiar with the probe. Investigators are scrutinizing whether bank traders or brokers were involved in the potential manipulation of the ISDAfix, a measure used widely in areas such as setting payout rates on pension funds and determining the cost of real-estate loans.

Representatives of the agencies declined to comment.

[rhuvaal2] 23/2/2015 17:47

Of course I'm not aware of how other readers invest in precious metals: I am currently fully-loaded in six junior gold stocks.... and am prepared for some Rip-van-Winkle patience while waiting for the News to explain that the "Dow dropped over 900 points today".... meantime the decisions have been made yet I confess to being a little below water, except in two. Good luck all

edit and apologies: it is likely the case that the Dow is limited to dropping by no more than 500 in a day................ ?

[richgit] 23/2/2015 15:25

If long term savers are not buying Gold-they are insane.

The half trillion euro Greek debt will not simply disappear,as Euroland is talking of increasing that debt -again and again and again until it simply
blows up.The Greeks wont have any assets left as no doubt even their Gold isn't theirs.

It is only a matter of sooner or later,that the smoking gun fires and sends
a flash spark to ignite the trail of leveraged derivatives.

Soros will be scouring for the banks that will take the hit at some point and
God knows what will happen to the Euro,yet the demise of just another paper
IOU against Physical Gold.

[s0lis] 21/2/2015 11:53

richgit,

OT any ideas as to why PGD so down ?

[richgit] 20/2/2015 22:31

Euroland -basically backs down to the Greeks and buys more time

Barrick highlights how World production could start plunging, whilst some believe We could start heading towards 1000 tonne deficit.

[richgit] 20/2/2015 08:50

Elban.

I note the US has lost its appetite for games of Chicken especially with the Greeks.

If the Greeks were negotiating with the US,they would get their debt reduction
by whatever methods could be contrived with the fears that just maybe the Greeks are prepared to take the risk of bluff all the way - and win or be damned.


They are in panic mode-and no wonder.
The message they are sending to Euroland is - You are risking $273Billion against $trillions in leveraged fallout - with everyone betting the Greeks will fold-so get it sorted out- now and make the deal !!!.

Will we witness a sleight of hand in magically air-brushing a portion of that debt away,as most certainly the US would dread the possibility of any offer
of help from Russia & China.

We all know Greece could never pay off debts equivalent to their GDP when their
run up deficits each year-so debt to infinity and more, so the only way is for Greece to be handed their own slice of a QE printing press similar to the US-
or slice their debts.

Will they simply be allowed to head for pro-rata $540Billion of debt in the next 5 years + the rest !?

Someone has to take the pain at some point down the line,as Greece themselves say -they are already Bankrupt.

No doubt that pain will be us Cannon Fodder tax payers



Gold -it has to be-longer term.

[undergroundminor] 18/2/2015 15:01

I blame BigT for starting him off again!!

[wigwammer] 18/2/2015 11:46

Richgit - with due respect, we ALL understand the theory.Please stop filling the board with repetition.

[rhuvaal2] 18/2/2015 09:27

Thank you for previous posts ~ we live in interesting times...............

[bigtbigt] 18/2/2015 02:11

"Greece definitely going to leave the Euro"

No way!

Syriza failed to be elected when that was part of their plan. This time around they explicitly said they did not intend/want to leave the Euro, and that is in line with what the vast majority of Greeks want, and hence they got elected. They cannot now make decisions that cause them to leave the Euro. The Troika know this, and so are calling their bluff, whilst expecting to make some compromises to let Syriza save face.

Its all so bl00dy obvious

[augustusgloop] 18/2/2015 02:07

Greece definitely going to leave the Euro.

If the EU gives in to them - then it says to all debtor countries - just elect a left wing govt that refuses to honour contracts and we will comply.

If a change of Government can cause debts to be forgiven - then nobody will ever again be willing to lend to a government and the whole system will collapse.

[richgit] 18/2/2015 00:00

rhuvaal2


That is far too logical,and a logic they are desperate to humiliate to support
waste paper,especially with a flood of QE that may yet prove an insufficient
amount.

The simplistic reality is that if Greece settles for more debt, they wont ever
pay it back, so in time that has to rear its head no matter how Euroland hopes
to sweep it under the Carpet, yet a Greek exit would take some camouflaging.

It will be the next Schumacher event that catches them out,as every manipulation of such immense leverage has potentially dire consequence somewhere.

As Mr Rickards would argue-"If you can see the logical consequential event,you
can be ready to intervene".

The day will come when another unforeseen event could March paper Gold up
$100 and then the complacency of dealing with it with more manipulation leads
to another $200 surge as another follow up unforeseen event blows them out of the water.

There are so many sharp knives out there that someone has to get badly cut as
that logic is a reasonable- non-conspiracy prediction.

It`s going to be a Yo-Yo year,whilst we wonder how far they can push the toxic debt in situations like the sub prime Auto Loans.

[bigtbigt] 17/2/2015 23:43

rhuvaal2 - don't fall for the media sideshow designed to keep the populace distracted

Greece is just bluff. They will not leave the Euro, and a last minute compromise will be made at end of Feb.

Ukraine is going to linger for a while but not explode, because the Europeans have decided to not play ball with Obama's war mongering (they can't afford a conflagration with Russia, financially or politically). Eastern Ukraine will end up being annexed like Crimea.

Inflation worldwide is settling at very low levels, making gold unattractive. Plus the manipulators are holding it down.

The major drama for gold and fiat is still a few years away. OMI will be dead and gone by then, IMHO.

[rhuvaal2] 17/2/2015 14:51

As an ignoramus: I'd have thought what with Eastern Ukraine still very uncomfortable and Greece at a precipice edge = that pog would be more than nudging $1300.... but then what do I know :(

[richgit] 17/2/2015 09:41

It is blatantly obvious that if the IMF weren't handing over more $Billions
of debt to the Ukraine-there would be peace within a couple of weeks as their money ran out,so the IMF are wrongly and recklessly financing War.

Whilst that would be a peace on Putin`s terms,it`s somewhat better than a US imposed leadership going nowhere,as all Putin wants is for a "No Nato" and He would be content the US game has failed.

I assume the Gold attack attempt is to try and pretend that nobody is overly concerned about the Greece situation or the next currency trashing coming.

It seems the West can kick the can even further so no panic yet, though it does
look more and more likely that the US will be hitting the QE again in the next 18 months or so as the real economic truth gradually takes centre stage.

Maybe when the $dollar assumes the assumed strength of the "best of the waste paper" then Gold already outperforming other waste paper can follow the $Dollar up without the tremors of blatantly outperforming the $Dollar.

Then the day comes it outperforms the $Dollar and we all have to make decisions.

We really have to pray the US backs off against Putin,as there is only one winner in that situation.

If things weren't bad enough We could have Miliband and Balls,and that would be
the end.

Compare the give away eye glint of insanity common to Bush,Blair & Balls.