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New Found Gold Corp V.NFG

Alternate Symbol(s):  NFGC

Metals & Mining Gold
New Found Gold Corp. is a Canada-based mineral exploration company. The Company is engaged in the acquisition, exploration, and evaluation of resource properties with a focus on gold properties located in Newfoundland and Labrador, Canada. The Company holds a 100% interest in the Queensway Project, which comprises an approximately 1,662 square kilometers area, located about 15 kilometers (km) west of Gander, Newfoundland and Labrador, and just 18 km from Gander International Airport. The Queensway Project is divided by Gander Lake into Queensway North and Queensway South. The Company also owns a 100% interest in the Kingsway property, which consists of 264 claims on three licenses covering approximately 77 square kilometers. The project is located approximately 18km northwest of the town of Gander, Newfoundland. The Company is undertaking a 650,000-meter drill program on Queensway. It has royalty interests underlying Keats South and several additional zones in Queensway.


TSXV:NFG - Post by User

New Found Gold Corp
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•••
Post by likeikeon Jul 12, 2022 10:09am
113 Views
Post# 34817731

spoofing trial

spoofing trial
@RealMoney But if this trial is successful against JPM, hope BIS - gold movement stopper is next. If oil at $100/barrel, gold should be $2500/oz, silver $250/oz. The government has had many more wins. Two former precious-metals traders at BofA’s Merrill Lynch were found guilty of spoofing by a jury in Chicago last year, and in 2020, two Deutsche Bank AG traders were convicted. In September 2019, JPMorgan admitted wrongdoing and agreed to pay more than $920 million to resolve US claims of market manipulation in both precious metals and Treasuries. It was the largest ever sanction against a bank over spoofing by a wide margin. JPMorgan also agreed to help the Justice Department prosecute its former employees.
 
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@alwil106 One point you miss, the bank of banks BIS is collaborating with all governments from around the world, this JPM trial is a PR exercise to get the government off the hook for when things go wrong. https://www.zerohedge.com/markets/peter-hambro-bis-central-banks-are-rigging-gold-market-using-bullion-banks-paper-gold
 
1
 
@RealMoney Good point! That is DOJ job to ensure no irregularities by requiring sellers must posses physical metals or tier 1 junior shares like NFG to prove bona fide transactions will be conducted not imaginary and wishful nature. This indirectly requires all governments must balance their budget in oz without inflation concern for centuries to come. If all politicians will perform their due diligence like Ron Paul, we will not have any chaos. Scapegoat - Formal JP Morgan Employees
 
1
 
@RealMoney Speechless, BIS is the real spoofing
 
0
 

@RealMoney But if this trial is successful against JPM, hope BIS - gold movement stopper is next. If oil at $100/barrel, gold should be $2500/oz, silver $250/oz. The government has had many more wins. Two former precious-metals traders at BofA’s Merrill Lynch were found guilty of spoofing by a jury in Chicago last year, and in 2020, two Deutsche Bank AG traders were convicted. In September 2019, JPMorgan admitted wrongdoing and agreed to pay more than $920 million to resolve US claims of market manipulation in both precious metals and Treasuries. It was the largest ever sanction against a bank over spoofing by a wide margin. JPMorgan also agreed to help the Justice Department prosecute its former employees.
 
0
 
@alwil106 One point you miss, the bank of banks BIS is collaborating with all governments from around the world, this JPM trial is a PR exercise to get the government off the hook for when things go wrong. https://www.zerohedge.com/markets/peter-hambro-bis-central-banks-are-rigging-gold-market-using-bullion-banks-paper-gold
 
1
 
@RealMoney Good point! That is DOJ job to ensure no irregularities by requiring sellers must posses physical metals or tier 1 junior shares like NFG to prove bona fide transactions will be conducted not imaginary and wishful nature. This indirectly requires all governments must balance their budget in oz without inflation concern for centuries to come. If all politicians will perform their due diligence like Ron Paul, we will not have any chaos. Scapegoat - Formal JP Morgan Employees
 
1
 
@RealMoney Speechless, BIS is the real spoofing
 
0
 

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