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Comex Market Manipulation + Pilot Gold Update

Monday, June 16, 2014 17:18

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(Before It's News)

TND Guest Contributor: Dave Kranzler |

With the U.S. geopolitical situation deteriorating rapidly on several “war” fronts, it seems that most of the world besides England and the U.S. have been stepping up its accumulation of gold, especially China and Russia.

Last night was a good example, as the price of gold jumped when the Comex Globex computer trading session opened at 6 p.m . EST and moved higher throughout the part of the global trading period in which the eastern hemisphere dominates (click to enlarge):

Then, as is typical, once Shanghai closed for the day – and at the same time London opened – the price of gold sold off steadily before bouncing a little over an hour before the Comex opens. Then, as you can see on the above graph, the price of gold gets slammed exactly at the 8:20 a.m. EST Comex floor open (the graph is in MST time, 2 hours behind EST). Another “flash crash” raid, with no apparent news or event triggers. The only trigger, of course, is the Comex floor opening, which is when the big banks dump gold contracts. This occurs at least 85% of the time when the Comex opens.

The manipulation has become blatant, with no attempt to hide it or even deny the allegations…It’s actually starting to smell like desperation.

I wanted to quickly update Pilot Gold, for which I’m offering a research report (link above). Pilot announced that is was acquiring Cadillac Mining on Friday in a stock for stock + warrants transaction. PLG’s stock was slammed for about 11 cents (6.8%) on a day when the juniors were flat.

Every single time a mining company – any size – announces an acquisition, especially stock for stock, the market automatically slams the acquiring company’s (PLG in this case) shares. It’s been like this for as long as I’ve been investing and researching the mining sector (2001).

Pilot is issuing 3.55 million shares – $5.67 million, roughly – of stock to acquire Cadillac, which has a property (Goldstrike) in Utah’s section of the Great Basin gold producing region (Nevada/Utah). It’s one of the most prolific gold producing regions in the world. This particular property produced over 200,000 ozs of gold and 197k ozs of silver in the late 1980′s/early 1990′s. The recovered gold was produced from near-surface ore.

Pilot’s management team has a superb track record of finding significant gold discoveries in areas that have been overlooked by other companies. It’s a very low-cost bet for Pilot to wager that their expertise and experience can be applied to this property to find a strike that will pay back the $5.6 million investment many times over.

I’ve got a research report available – LINK – which details Pilot’s previous successes. This includes its Kinsley Mountain project, which was another former gold producing property that had been shuttered, and overlooked by others, and for which now appears that Pilots’s exploration team has discovered what looks to be a “game-changer” gold strike.

With Pilot’s price down on this knee-jerk reaction by the market to PLG’s stock for stock deal, now’s a great time either add to your position or read my research and see why I think Pilot is a home run opportunity.

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About Dave Kranzler

I spent many years working in various analytic jobs and trading on Wall Street. For nine of those years, I traded junk bonds for Bankers Trust. I have an MBA from the University of Chicago, with a concentration in accounting and finance. My goal is to help people understand and analyze what is really going on in our financial system and economy. You can follow my work and contact me via my website Investment Research Dynamics. Occasionally, I publish on Seeking Alpha too. As a co-founder and principal of Golden Returns Capital, LLC Mr. Kranzler co-manages the Precious Metals Opportunity Fund, a metals and mining stock investment fund.