Response to the paper market manipulators:
"South African Mines Minister Susan Shabangu said, “We want to contribute without creating a cartel, but we want to influence the markets."
"The West is losing ground and conceding defeat to China, all over Africa. It is fast getting to the point where it will be too late to catch up to China where Africa is concerned!"
Russia, South Africa Seek to Create OPEC-Style Platinum Bloc
By Ilya Arkhipov & Franz Wild – Mar 27, 2013 8:16 AM GMT-0300
Russia and South Africa, countries that hold about 80 percent of platinum group metal reserves, plan to set up an OPEC-type trading bloc to coordinate exports.
“It can be called an OPEC,” Russian Natural Resources Minister Sergey Donskoy said late yesterday in an interview in Durban. “Our goal is to coordinate our actions accordingly to expand the markets. The price depends on the structure of the market, and we will form the structure of the market.”
This is clearly a very strong signal about the bottom being hit in mining shares.
CIGA Luis Ahlborn Sequeira
Insider buying of gold stocks surges to multi-year highs
The Globe and Mail
Published Monday, Mar. 25 2013, 5:39 PM EDT
The TSX global gold index has lost about a third of its value over the past two years. The S&P/TSX Venture Exchange, stock full of gold mining juniors, hit a multi-year low this month.
Yet, executives and officers who work within those businesses are showing remarkable confidence that the sector is poised for better times.
According to INK Research, there are now seven precious metals stocks on the TSX with insider buying for every one with selling. That’s a near doubling of the ratio since mid-January – and represents a level of lopsided transactions that is usually only seen during major market peaks or valleys.