Wednesday, August 17, 2016

Class action motion filed against SA gold companies

December 28, 2012 by · Leave a Comment 

A South African lawyer has moved to file a Silicosis class action motion against over 30 gold firms on behalf of 17,000 former miners

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Lonmin CEO steps down after prolonged illness

December 28, 2012 by · Leave a Comment 

Lonmin CEO, Ian Farmer, has stepped down after a serious illness that saw him admitted to hospital in August.

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Hanlong seeking Chinese partners for Sundance

December 28, 2012 by · Leave a Comment 

Hanlong, which is planning to buy the stake in the Australian iron ore miner it doesn’t already own is looking for Chinese state-owned partners, it said on Thursday.

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B Wave the Seminal Event, blink and you miss it and the C wave up

December 28, 2012 by · Leave a Comment 

By David Banister, Active Trading Partners

David Banister-

The work at my firm centers firmly around a combination of fundamentals and catalysts, and crowd behavior. Yes, it’s crucial to understand herd mentality if you want to consistently enter profitable swing trades at the right time and price.  The Seminal event is analogous to what is called “the tipping point” in a new development stage of a company.  Learning to spot the pullback during this seminal event period and pouncing is crucial to making big money in the market.

This seminal event trading pattern I often call the ABC pattern, and we are looking to get long during the “B” wave portion of that 3 wave rally.  This B wave is where you get a combination of traders taking profits from the A wave rally as it begins to fade a bit.  Along with those profit takers come the late stage buyers who chase price action and therefore often fail in their trading. They often end up stopping out as the B wave progresses, or they get margin called as the B wave decline takes hold.

If you want to become a better swing trader, learn to be patient and not chase the A wave rally. Often a tipping point development is announced and a spike rally ensues, then the buzz picks up online and traders come in and chase the top end of the A wave spike.  What you want to learn is to sit on your hands and let the gas run out of the A wave, let the B wave pullback begin… and then slowly scale into your position as traders exit out not believing the move up will hold.

Samples of this are Research in Motion, Nokia, and recently Vivus.  We played RIMM and VVUS at my firm and recommended to our subscribers during the B waves. All of those companies were in the down and out mode, sentiment was negative, but then a seminal event took place that sparked an A wave rally to the upside.  The early traders rightly take their profits quickly leaving scraps for the chasers. The chasers end up taking losses during the digestive period of the B wave consolidation, which takes many forms on a chart.  The smart money then aggressively accumulates the B wave consolidation and profits from the C wave which can be 150-260% bigger than the A wave rally. It’s where the crowd really catches on in a light bulb moment of recognition that this time things are in fact changing fundamentally for the company in question.

Learn to recognize those “seminal events” where the A wave rally takes off, avoid chasing it, then pounce and scale long on the B wave correction. Below are some samples of the ABC pattern.

Consider joining us at to benefit from swing trades, crowd behavior, and fundamental catalyst patterns.


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Sales Ending for US Silver Coins and 2011 Annual Sets

December 27, 2012 by · Leave a Comment 

The door is quickly closing on more than a dozen United States Mint products produced for 2011, including several silver coins and many popular annual sets for the year. Sales end at 12:00 noon ET on Monday, December 31, 2012 for most of the Mint’s remaining 2011-dated products. Ordering deadlines occurred earlier this month for [...]

Related posts:

  1. US Mint 2011 Silver Commemorative Coins Ending Sales Figures
  2. Older US Mint Clad and Silver Annual Sets Go Off Sale Friday
  3. Annual Silver Eagle Sets Possible in 2012 and Beyond

Gold, silver charts imply end to consolidations, resumption of strong increases

December 27, 2012 by · Leave a Comment 


8:37p ET Thursday, December 27, 2012

Dear Friend of GATA and Gold (and Silver):

King World News tonight publishes some charts showing the rises and consolidations in the price of gold since 2005 and the price of silver since 2003. The implications are very bullish — that consolidations should end soon and push prices much higher. The charts are posted at the King World News blog here:$3,620_For_Gold_%26_$125_Silver.html

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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Fortescue to restart iron ore expansion as prices jump

December 27, 2012 by · Leave a Comment 

The Australian iron ore miner said it will resume expansion work on its Kings deposit in January on the back of asset sales and rising commodity prices.

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Iron ore up most since 2010 on China hopes

December 27, 2012 by · Leave a Comment 

The steel making ingredient is rallying the most in around two years on expectations that China will import a record amount of iron ore in 2013

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Russian gold, forex reserves rise to $532bn

December 27, 2012 by · Leave a Comment 

Russia’s central bank has no immediate plans to diversify its foreign exchange holdings, Chairman Sergei Ignatyev said on last week

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The Three Legs of the Precious Metals Bull: Part I

December 27, 2012 by · Leave a Comment 

By Jeff Nielson, Bullion Bulls Canada

Normally, at this time of year writers tend to turn their thoughts toward making predictions for the upcoming year. My own belief is that this practice has turned into a Fool’s Game; as the saturation-level corruption in our markets and endemic propaganda from the Corporate Media mean that rationality is out the window.

Without accurate information  and legitimate, vigilant regulation; our markets have become nothing but rigged casinos – where “the House” doesn’t even honour its losing bets when inconvenient. Prices are no longer the product of supply/demand fundamentals, but merely the outcomes of crime.

In such an environment, investors are forced to purely “play defense.” The object is not simply to seek out promising investment opportunities, but rather to survive the rapacious plundering of the banking cabal. It is not enough to identify assets which “should” or “probably” will turn a profit.

Instead, investors need to identify asset classes which must appreciate in value (over the long term) at a greater rate than the spiraling inflation generated from the exponential money-printing of the banksters. At the top of the list are gold and silver, humanity’s ultimate shield against financial crime in general and (predatory) inflation in particular.

For those craving certainty/security in the most uncertain of times, the precious metals bull market (which began over a decade ago) offers “three legs” of support; or (alternately) three reasons why we know that gold and silver must outperform most/all other asset classes in our current circumstances.

Excessive money-printing:

Currency dilution is neither a theory, nor is it some obscure concept which can only be grasped by those with training in economics. Rather, it is the obvious and inevitable result of a simple relationship of arithmetic.

Incredibly, while nearly all but the most novice of investors understand the concept of “dilution” when it applies to the printing of shares by our corporations, virtually none of those same investors comprehend the dilution of our (fiat) currencies – despite the fact that currency-dilution is precisely analagous to share-dilution in virtually every respect.

If a corporation prints excessive quantities of its own shares, the share price will plummet. If the corrupt (private) bankers holding monopolies to all of our sovereign(?) printing presses print these fiat currencies in excessive quantities, they must plummet in value (i.e. purchasing power). This is “inflation.”

As we saw with the hyperinflation of Weimar Germany, it is possible to delay the effects of even the most extreme/insane excesses of money-printing. However, it is never possible to prevent such monetary depravity from totally destroying the value of one’s own paper.

How much is “too much” when it comes to money-printing? Under ordinary (i.e. sane) circumstances that can be a difficult answer to determine. Unfortunately current parameters are “extraordinary” in every respect – and not for the better.

Current Western money-printing grossly exceeds any other time in any modern, major Western economy, with the exception of Weimar Germany. Worse still, it continues to ramp-up at an exponential rate. And even worse, we have these rapacious banksters now openly using words like “unlimited” (Europe) and “open-ended” (the U.S.) to describe their suicidal money-printing.

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