something to keep an eye on

An article from renowned market commentator Jim Willie


"Rumor has circulated that Barrick Gold has supplied mammoth investment money for hedge funds to suppress Canadian junior mining firm stock values.

Recall that when originally American Barrick, this ugly scummy corporation began not with mining experts and geology professionals, but with bankers from Wall Street. They filled their board of directors with illluminaries like George Bush Sr, whose only expertise with hard assets relates to military weaponry and narcotics.

So financial gurus teamed with political retirees to form a company whose unexpressed purpose was to knock down the gold price with forward sales at multiple volumes of their potential production.

Rumor has it that Barrick has enabled hedge funds to engage in large scale spread trades, where they buy (go long) bigger firms like Newmont or Kinross or Glamis or AngloGold and sell (go short) tiny explorers in the junior mining group. At a later date the majors, including Barrick also, plan to acquire the many juniors mining firms for a ridiculous corrupted cheap price"

Speaking of Barrick, they sit ominously/disturbingly on the IGR register alongside the criminal/elitist? banking outfit JP Morgan. Those two rate as No 5 and No 2 respectively on the Top 20 shareholder list.

Barrick also runs the Joint Venture on our Oodnadatta leases in South Australia which is proceeding at a snail like pace. Speaking of which they tell us NOTHING!....or so it seems.

Cheers
Nev