What is the heavy looking “liquidation” all really about? GDXJ traded 13.9 million shares Wednesday in an awful session. GDXJ is a $2.2 billion vehicle. Twenty percent of the total market cap in one day, seriously? Constant machine gun bursts of 100-200 share trades. Obviously 500-share retail selling can’t cause this, so is this a monstrous institutional dump going on?
Kinross Gold has agreed to sell its halted Fruta del Norte gold project in Ecuador to to the Swedish-Canadian Lundin family for $240 million. This should free up KGC financially to proceed on one or two very inexpensive scarfs.
Russ Winter’s commentary on the following article: It is my own belief that the GLD exchange traded fund is a rehypothecation scam and that investors holding this fund will ultimately be defrauded by the parasite guild criminal cabal. This fund’s derivatives have been instrumental in wrecking the price-discovery mechanism in gold. At a very minimum, given the track record of the operators of these funds, I would steer clear.
If there was any lingering doubts about the Ebola situation morphing into abject fraud and looting, it has been laid to rest by the appointment of corrupto, lobbyist, political operative and bag man lawyer Ron Klain. The only good news is that by the White House’s own admission this “Ebola Czar” has no background in the medical field, let alone Ebola.
On Friday the price of gold (POG) was subject to an algo dump after the completely bogus Univ. of Michigan consumer survey was released. This Potemkin Village survey would have us believe that the developing Ebola panic has helped consumer confidence. Later POG bounced back to near unchanged.
I presented the case for the Kemena bio-lab as the source of spreading the Ebola outbreak in Saturday’s post, and I had to circle back and debunk the debunkers. It states on the hospital consortium’s own website that it is involved in research on lethal diseases at Kenema. The trump card, or the rest of the story, is in this post.
After writing yesterday’s post, “Like Slowly Boiling Frogs, Ebola Plan Proceeding on Schedule,” I was challenged by “conspiracy debunkers” on my claim that ground zero for Ebola was at Kenema, Sierra Leone, and that it had a bio-research lab for deadly diseases (including Ebola) located in the now-abandoned hospital. As a reminder, it was local residents that forced the closure of this hospital and lab after hundreds were infected in a “sudden” outbreak.
Get a little volatility and a 7-8% correction and the Fed sends mucky muck dove James Bullard out to feed the beasts. Almost instantly the markets get that dazed and drugged look again. The VIX compression trade gets put on, and the familiar lift action starts up. Now on the SPY 1,900 is now resistance.
I have to hand it to the psychopathic control grid. So far they are executing their seemingly surreal, strange, confused plan to perfection. We go from Ebola is no threat to the U.S. just two weeks ago to a swift executive order calling up 4,000 ready reserves and National Guard for Ebola duty in West Africa.
You see, the apparent challenge in Africa is that folks there don’t want to get close to the health care cabal to take vaccines. For some reason, they associate a vaccine and U.S. health workers with actual contracting a disease or illness. Can you imagine that?