According to a gold fund manager, bullion banks/ investment banks are $20b short. They have been doing this for years as they have the upper leverage hand. That time is coming to an end now. The central banks have more money than they do. I hope it sets up for the mother of all shorts to crush banks who have been rorting the precision metal markets for decades. J P Morgan were fined $1b from rigging the gold market. No directors went to jail. That is a crime in itself. It’s time they nailed bankers for crimes the same as anyone else. The gold price trend is up at the moment.
Commex was designed for producers to hedge their production. Not many do that now. It was taken over by the criminal banks. Let’s hope we all see a change in this behaviour. We will see more M&A across commodities moving forward, but that does not increase production or produce more gold.
BHP bidding for Anglo won’t increase production, it just concentrates ownership. The big get bigger. New mines need to come online. Bc8 is one of a tiny handful of gold producers coming online in 2024. It is a rare beast.
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35.5¢ |
Change
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Mkt cap ! $157.3M |
Open | High | Low | Value | Volume |
36.0¢ | 36.0¢ | 35.5¢ | $168.8K | 471.5K |
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No. | Vol. | Price($) |
---|---|---|
2 | 324998 | 35.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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36.0¢ | 56405 | 4 |
View Market Depth
No. | Vol. | Price($) |
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2 | 324998 | 0.355 |
15 | 767687 | 0.350 |
6 | 68259 | 0.345 |
7 | 161012 | 0.340 |
2 | 8958 | 0.335 |
Price($) | Vol. | No. |
---|---|---|
0.360 | 56405 | 4 |
0.365 | 101401 | 3 |
0.370 | 50000 | 1 |
0.375 | 50000 | 1 |
0.380 | 55000 | 2 |
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