| 10:32 24/05/2012 | Re: Gold bottom could be in |
| OTC is Ortac Resources. RRR is Red Rock Resources. Both are companies that like Condor have been slaughtered by the market over the last few months. By Topsy Turvy |
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| 9:57 24/05/2012 | Re: Gold bottom could be in |
| could we have that in English please ! By Papiv |
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| 0:47 24/05/2012 | Re: Gold bottom could be in |
| Who;s OTC? By gedibear |
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| 20:49 23/05/2012 | Gold bottom could be in |
| It's looking more and more like the bottom in the PM's went in last week: The HUI is up: http://finance.yahoo.com/echarts?s=^HUI+Interactive#symbol=^hui;range=1m;compare  indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;The long bullion/short PM miners ratio trade looks like it's unwinding after well over a year of being in place: Norcini - Central Bank Gold Buyers Battling Hedge Funds Today http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/5/23_Norcini_-_Central_Bank_Gold_Buyers_Battling_Hedge_Funds_Today.html The key to moving North again is in the macro situation. ddd By Dictum de dicto |
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| 16:22 23/05/2012 | Re: QE3/LTRO3 RED ALERT & CTL+P |
| Posted on OTC/RRR. Same script. Now I know that a lot of people think: 'what the f has this got to do with OTC?'. So here goes. The European banking system has just about locked-up. Nobody is lending to anyone and the U.S. banks lending to Europe has slowed down to a trickle - the EU banks have no more collateral to post. Either the ECB creates a massive credit line or we start to see bank failures left, right and centre. The Greek elections are already causing mini-bank runs to compound an already difficult situation. Where does the money come from? El-printo of course. Another 3, 4, 5, 10 years (whatever) credit line which will never be repaid (printing dressed as loans). Which means more Euro money supply, maybe as much as a trillion Euro. And a quickfire vertical response by the markets and Greece worries are brushed off. And of course more inflation across Europe which will be anticipated by higher bullion prices. PM's should react. It might just be the catalyst that sets the sector free from the chains of negative sentiment. Maybe then we will see OTC specific news actually start having an impact again. We'll see. ddd By Dictum de dicto |
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| 16:01 23/05/2012 | QE3/LTRO3 RED ALERT |
| Just in case you were all thinking that QE/LTRO is weeks away....... ZH has just spotted it. While everyone is waiting for the Greek election on June 17th, it looks like the European banking system is on the brink of a total freeze. The ECB/FED do not have the time to sit around for four weeks. If they do you can expect to see multiple bank fails........ Euro Basis Swap Flashing Coordinated Liquidity Intervention Red Light As we noted last week, the EURUSD cross-currency basis-swap - or European bank's most desperate way to fund itself in the absence of any further ECB aid, a lack of collateral, and no interbank-lending (trust #fail) - is flashing a warning light. Today that light went ultraviolet. For maturities beyond the LTRO (greater than 3Y or so) the current level of stress is greater than at the end of November last year which was the trigger for the globally coordinated central bank response. 3Y basis swaps are now back above 70bps (below -70bps) and near record lows - signaling a real desperation for term funding among European banks - as we explained here. Translated: central bankers are now calling each other and planning; the only question is what they can do this time: last time the FX swap margin was cut from OIS+100 to OIS+50 bps. Now what: interbank lending at no cost? - Thank you Uncle Ben. 3Y EURUSD basis swap rates are crisis-like... http://www.zerohedge.com/news/euro-basis-swap-flashing-coordinated-liquidity-intervention-red-light As we said just last week... In the middle of the European crisis last fall, EUR-USD cross-currency basis swap spreads were on the tip of every trader and media-personality's tongue as the critical means for providing banks with access to short-term USD liquidity was ratcheting lower and lower. This means the European banks were willing to pay a higher and higher premium to be able to offload their EUR funding into USD funding. With LTRO funding now faded and perception of the sustainability of European banks becoming dismal, US banks are charging ever higher rates for Eurozone banks to borrow. What is more worrisome is that with the relative liquidity of USD assets, it would appear that the widening in the basis swap spread means the European banks have run dry of money-good USD collateral to unwind. This repricing of USD liquidity costs (now at 4 month highs and increasing rapidly) suggests that the Fed-provided swap lines could get a fresh calling to save the day and/or just as we have noted so many times in the past, the collateral squeeze continues to be the critical part of Europe's demise (and thus negates anything but absolute monetization by the ECB as a solution for the banking system). ddd By Dictum de dicto |
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| 17:17 22/05/2012 | Re: volume |
| Yesterday we had reasonable volume and a drop in SP. To-day we had a smaller volume but the price went up. Obviously the smaller volume is boring you artless but I know which day I would rather have----but I'm Scottish!!! Roll on another day just like it to-morrow. MS2 By Mad Scot 2 |
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| 13:15 22/05/2012 | volume |
| 438k yawnnnnnnn By paythemortgageoff |
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| 19:27 21/05/2012 | Gold bushwhacks bears |
| Gold bushwhacks bears http://www.marketwatch.com/story/gold-bushwhacks-bears-2012-05-21 ddd By Dictum de dicto |
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| 15:22 21/05/2012 | Magp (magnolia petroleum) |
Transformational news due GLA By bgbaby1 |
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| 21:01 19/05/2012 | Tau Group Report |
| Most on here are aware that we have some 1m oz of gold equivalent in El Salvador but that there is a moratorium on mining in that country. The Tau Group was commissioned to report on the feasibility of mining in El Salvador and they delivered their report to the government last September. I don't read Spanish very well but there is a brief summary of the report at http://luterano.blogspot.co.uk/2012_03_01_archive.html with a link to the whole report, in Spanish, which can be downloaded. By TheRationalist |
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| 16:06 19/05/2012 | The Times business today |
| "Tiddler to Watch" Condor Resources jumped 10.3% to 4p. It declared itself really pleased with tests from gold samples from its La India project in Nicaragua, after the latest encouraging update in the last few months. Like many smaller exploration companies the shares have more than halved this year as investors lost their appetite for risk. By ICB888 |
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| 14:08 19/05/2012 | G8 meeting |
| David Cameron has said that the G8 cannot tell the Eurozone what to do. imo they will look at steps to protect economies/banks and may mention that they edge away from austerity measures but that is just about all Another week of market jitters coming up? By paythemortgageoff |
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| 10:28 19/05/2012 | Re: Order at 3.5p |
| No - neither do I, a problem shared, as it were, by other popular PI plays like RRL and HER . The thing that really distinguishes CNR for me, aside from the many factors highlighted by Jibbo in his excellent contributions, is the fact that Mark Child's hand is on the tiller. There are not many AIM bosses who run such a tight ship and who have such a clear and consistent vision. Good luck with the 3.5p purchase, SJ. If you hold on you might do a bit better than that. There are lots of people out there who need to liquidate. They'll tend to take a profit rather than a loss and there must still be lots of investors in the blue on here from the 2010 rise. It's times like these that teach us the value of holding cash. The latter, allied with courage, is what creates lasting wealth. By TheRationalist |
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| 7:35 19/05/2012 | Re: Order at 3.5p |
| Thanks TR but we own some OTC already although I don't like the number of shares in issue. By Sunjammer |
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