DEUTSCHE BANK ADMITS BIG BANKS RIGGED GOLD AND SILVER MARKETS
Gog Magog War, 26 April 2016
Recently, a European mega-bank, Deutsche Bank, admitted that it cooperated with other global mega banks to manipulate the gold and silver markets (first link). This story deserves far more coverage and analysis than it has been given in the establishment media. As one reads the links, it is quite evident that the mega-banks rigged the gold and silver markets to suppress the prices of both metals. However, in a conspiracy to manipulate the prices either up or down in the short term, the banking insiders could reap huge illegal profits via such insider trading actions. Continue reading “Article: DEUTSCHE BANK ADMITS BIG BANKS RIGGED GOLD AND SILVER MARKETS”
StreetSweeper’s Short Thesis On Almaden: Stock Is ‘Fool’s Gold
Jayson Derrick, 19 April 2016
Shares of Almaden Minerals Ltd. AAU 0.08% were trading higher by more than 9 percent on Tuesday, despite The Street Sweeper stating in a new research report the company’s stock is “fool’s gold.”
Almaden Minerals saw its stock rise on misconceptions surrounding a “highly speculative” gold mine project in Mexico (Ixtaca) to cost more than $1 billion, The Street Sweeper’s Sonya Colberg wrote. Meanwhile, the company only has a “measly $2-or-$3 million in the kitty,” or a “tiny, tiny sliver” of the amount it would need to finance any mining projects of such a large scale.
Almaden announced back in October a plan to secure financing to acquire a mine in Alaska. The company pitched a $6.5 million option deal to acquire the mine and argued that it will reduce its Ixtaca ramp costs by $70 million – a figure that was an “arguably highly inflated guesstimate.”
Continue reading “Article: StreetSweeper’s Short Thesis On Almaden: Stock Is ‘Fool’s Gold”
Overstock Invests $4M In Digital Currency FinTech Firm
PYMNTS, 04 April 2016
Overstock’s CEO has a reputation for having an affinity for digital currency — which has been reflected in Overstock’s business plans — and now, the company has taken that vision a step further.
The company announced late last week a $4 million investment in Bitt, a Caribbean-based FinTech firm that aims to help digital currency adoption grow in that region. Continue reading “Article: Overstock Invests $4M In Digital Currency FinTech Firm”