Quetzal Energy Under Current Evaluation
Quetzal Energy Ltd. Under Current Evaluation
Wed Nov 24, 1:56 PM
Equedia.comand Equedia Weekly provides research on the top Canadian companies witha focus on mining and resource stocks. Equedia is continuing researchand evaluation on the prospects of Quetzal Energy Ltd. (TSX VENTURE: QEI.V) To be further notified of our updates on these companies and specialreport editions through our Equedia Weekly Newsletter, please obtainyour free subscription here:
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Companies previously featured in our special report editions havehit new 52 – week highs since the initiation of our coverage and manycompanies under evaluation have made strong gains since being placedunder evaluation. To receive these reports, please make sure tosubscribe for your complimentary subscription to Equedia Weekly here:
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Here is a brief excerpt from our latest newsletter with our story, "Conflicts of Interest,":
“Hidden in the GLD prospectus, a custodian is free to store thegold with sub-custodians until the gold is delivered to the custodian'smain vault. The sub-custodians can also store the gold with othersub-custodians! That means you have no idea where your gold might be.At the end of the day, your gold could be in the hands of 10 differentbanks and you may not even know it!
That's not the worst part. Not only are the sub-custodians notaccountable for the gold they store and are free to appoint othersub-custodians to hold the gold, the GLD (the trustee) has no right tovisit the sub-custodians to examine the gold or check out its records.What's even crazier is the fact that the GLD can only check their goldin the banks on a limited basis. There is usually only one independentaudit at the end of the year and one surprise audit per year.
Over the past year, we have discussed the role and possibility ofprecious metals manipulation in numerous newsletters. When it comes toETF's, herein lies yet another big controversy...."
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