Some interesting headlines just hit Reuters:
UK GOVT COMMITTEE SAYS IT BRINGS ACTIVITIES OF LARGE DEALERS ON LONDON METAL EXCHANGE TO ATTENTION OF OFFICE OF FAIR TRADING
UK GOVT COMMITTEE SAYS 4 LARGE COMPANIES OWN LME-REGISTERED WAREHOUSES, CALLS THAT “RESTRICTVE”
UK COMMITTEE NAMES JPMORGAN
UK COMMITTEE SAYS WOULD BE CONCERNED IF OWNERSHIP OF WAREHOUSES BY DOMINANT DEALER ON LME WAS ANTICOMPETITIVE
LME SAYS MINOR METALS TRADE ASSOC. ASSERTION TO UK PARLIAMENT ON METALS WAREHOUSING IS “UNJUSTIFIED AND COMPLETELY OUT OF CONTEXT
Click here ...
It's about time they started investigating.
ReplyDeleteI just hope the investigation doesn't get shelved.
Bend over, Blythe. They forgot the lube and could only find sandpaper condoms.
ReplyDeleteSGS - did Tinka just strike a mother load or something? caught a big bid.
ReplyDeleteThe biggest regret i have all year was WAKING UP the day that everyone thought it would be cool to DUMP THEIR SHARES of everything for half of what they bought them for. Stopped me out of most of my positions i didnt want to lose. A majority stake in TINKA being one of them.
FU stupid clowns for selling your shares like sheep and taking me down with you *shakes fist at the sky*
just gonna ask the same thing.
ReplyDeletehaven't seen any related news...
YES, the triple dry HATE probe. With Banker attachments. Sounds like the lyrics to a Zappa song.
ReplyDeleteThis comment has been removed by the author.
ReplyDeleteSGS....besides Tinka, there were a few other stocks you recommended....I believe Sprott Asset Management has a position in one of two of them. What were their names again. thanks.
ReplyDeleteTOP WORLD COPPER MINERS PRODUCTION DECLINES 8% in Q1 2011
This is indeed big news. About 70-71% of silver production comes from by-product mining. Of that 70%, and according to the World Silver Survey in 2009, 23% of the by-product total comes from copper mining.
Quoting the article:
After rising for three straight quarters, production from the 11 biggest publicly listed miners fell by 8 percent in the first three months of 2011, due to declining ore grades and adverse weather conditions, data from companies showed last month.
This has been on ongoing problem in the mining industry, especially in Copper, Gold and Silver. Zinc and lead are found at much higher ore grades. In Australia, these are the present ore grades of the following metals:
GOLD = 1.94 g/t (gram per ton)
SILVER = 98.4 g/t
COPPER = 0.95 g/t
LEAD = 3.5%
ZINC = 7.7%
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In base metal mining, lead and zinc are more readily available than copper. Silver by-product mining from lead and zinc is about 37% of that total. Here are the overall by-product percentages:
Primary = 28%
Gold = 11%
Lead/Zinc = 38%
Copper = 27%
other = 1%
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Again...falling ore grades are going to be a problem going forward for the mining industry. With this decline of 8% of the biggest Copper Miners in the world of copper, I would imagine it will also show a reduction in silver production as well.
TIME to be in PHYSICAL SILVER
CORRECTION
ReplyDeleteCOPPER = 0.95% ore grade not gram per ton
Where is Blyght's Mom? When I hear the word Blythe and probe all I can think of is Katy Perry's song E.T. where Kayne West says, "I'mma disrobe you, then I'mma probe you?
ReplyDeleteLooking forward to Blyght's Mom chiming in here.
I have just shown my appreciation for the information. Keep the good news coming and the donate button will continue to be lit up. Thanks for everything.
ReplyDeleteThose interested in Tinka:
ReplyDeletehttp://thefundamentalview.blogspot.com/2011/05/tinka-resources-moves-as-news-of.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheFundamentalView+%28The+Fundamental+View%29
@ SRS --Fire River Gold Corp symbol FVGCF in the US. Sprott also has a position in Global Minerals symbol GMLFF in the US.
ReplyDeleteMonkeySmoke.....Thanks a bunch.
ReplyDelete