Eldorado Gold Corp T.ELD

Gold: Planting The Seeds Of Inflation And Food Shortages

[CatamaranFund]

Interesting... now buyers only want to take delivery of physical gold;

In a recent interview Terry Lynch, CEO of Chilean Metals Inc., stated the following: MontesDeOca asked about the manipulation in the metals markets since 2008. He asked Lynch how he has survived during this time of price suppression. “We have a lot of great assets in the company, but we haven’t done a lot to move them forward,” given the prices, Lynch said. He was about ready to leave the business in March last year. He started a campaign called Save Canadian Mining. It is very difficult for individual investors to make money. Most traders are overseas, selling short, and in many cases thousands of trades every day via artificial intelligence. They look for weak positions, which is easy to do in mining, and hammer down mining company stocks. Lynch hired a gold mine research authority to look into the structure of trading for mining shares. A tick test was that until 2012, if you wanted to short a stock it had to be going up, day over day. Therefore, people could not pile onto deals and push companies into oblivion. It then became a hole in the system. Lynch paid for some research on the Toronto mining stocks. If you looked at day 1 of October 2012, the market index was 100 and the currency index was 100. Now, in late February 2020, the commodity index is off about 7%. The stock index was off 65%. Historically, the stock price is usually somewhat over the commodity index. Now you have to triple every mining stock on average to get back to where it was. Lynch asked how any company could raise money with such a situation. “I am just a pissed off investor,” Lynch said.
https://seekingalpha.com/article/4342754-gold-planting-seeds-of-inflation-and-food-shortages