lutherminerals's Profile
lutherminerals's Posts
This is not the LBMA! It is a two bit operation obviously caught long with paper gold.
LM
London Gold Exchange is a digital currency exchanger founded in 2001. The London Gold Exchange is owned by LGE International LTD., an offshore company registered in Belize, with offices in London, England and Hong Kong. London Gold Exchange operate 2 franchises, one in the UK and one 'International' which covers everywhere other than the UK. The UK administration office in Central London, with staff based in locations around the UK. The International administration office is in Hong Kong, with staff also operating from mainland China. Technical staff also operate from locations in Australia.
London Gold Exchange currently buy and sell the following digital currencies:
This reminds me of the Noront - Freewest fiasco where Noront made a similar merger offer at a given ratio. Noront share price continued to fall which in turn drug Freewest down in exact proportion to share swap ratio.
Then out of the blue a major Cliff's makes an all cash offer at 3 month rolling average share price. One could almost believe Cliff's shorted Noront until they got Freewest's price down to where they wanted it.
Maybe there is a major who is going to swoop in and buyout ECU on the cheap for cash.
lm
Babaoriley,
Also, as I pointed out earlier, alot of people (retail longs included) are buying ETF - AGQ, Pro Shares Ultra Silver which moves 2x to the underlying move in spot silver. They gain leverage without risk in individual miner plays. They are taking profits at the predictable opex expiry downdrafts and then buying physical.
This will continue as long as the paper/derivative games work; until they don't.
Regarding my bride, she's fully aware - so my phraseology may have been bad but she looks over my shoulder and has my back always!
lm
LOL, had to look up santeria. No that's Marla Singer from the movie Fight Club in the ice cave. Yes I am a Zero Hedge regular.
I've been in and out of ECU since 2005 so I feel your misery but not all your angst. I sold my position in 2007, not because I was smart but because I needed the cash (got married). Got back in last year when it was in the .60's.
I agree with the others - now is not the time to sell.
lm
Oroico,
I am sure the PD's (JPM, BOA, DB, G, etc.) have strict orders to only goose S&P 500 with the free Benny bucs they receive every POMO and of course demoralize anything and everything that has to do with PM's.
Besides they can go long silver with leverage by buying AGQ (up 300% since Feb) and not have to worry about collapsed bore holes, delayed PR,s, and miner production issues - no brainer right!!
lm
Edgy,
Agreed, but they will let the market crash first so the addicts will be begging for the FRN debt fix!!
lm