The likes of HSBC, JP Morgan and Citibank are loaded with XGD...

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217 Posts.

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02/09/21

15:45

Post #: 55785569
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Originally posted by Avenarius: ↑

Interesting, A lot of people have been complaining about SLR management ignoring Shareholders. Maybe that is precisely what they are doing.
76% owned I think by the likes of HSBC, JP Morgan, Citibank, Correct me if I'm wrong. These banks have been convicted in America for manipulating the price of Gold. In JP Morgans case they have been fined Billions.
I wonder if Mr Tonkin has been told by his majority Shareholders to keep a very low profile including not going to the Diggers and Dealers, not releasing drill results, not buy backs, while these banks try to cover their shorts on the Comex , which must be urgent now when London becomes Basel 3 complient.
The shorters on SLR are having a ball, let the price go up to $1.41, borrow a few million shares, push down the SLR price to $1.31, then buy at that price and make 10 cents profit per share, definitively a license to print money.
What annoys me is that they do this from our shares that get borrowed without our permission

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The likes of HSBC, JP Morgan and Citibank are loaded with XGD now. Not much further they can go before totally destroying the market. SLR short position has been reduced from 3.08% as of 2 Aug to 2.06% as of 26 Aug.

https://hotcopper.com.au/threads/rms-august-broker-reports.6212513/page-80?post_id=55727758

SLR Price at posting: $1.37 Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

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The likes of HSBC, JP Morgan and Citibank are loaded with XGD...

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