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live gold prices http://goldprice.org/live-gold-price.html

put this one in the header see how close this guy comes 775 gold that would be ugly

Gold prices remain under pressure heading into the New Year and according to astrological cycles, the metal may be in for another $300 drop. Speaking with Kitco News, financial astrologist Mahendra Sharma shares his outlook on the metals for 2017. ‘I see a rough patch for gold...I see $1,125 as middle support and after that it lies at $1,055,’ he says, adding that a $775 price tag on gold may also be in the cards





NO NUDE PHOTO SHOTS OR PARTIAL SHOTS SI LOSES REVENUE

so everybody watch what photo's you post on SI or you may get evicted


For all you TSFA people save it in case you need it

October 21, 2016 Taxable #TFSA http://www.thor.ca/blog/2016/10/taxable-tfsas/ Thorsteinssons LLP is at the leading edge in challenging numerous TFSA assessments for business income, advantages, overcontributions and prohibited or non-qualified investments.


On issues that matter, Harper was right

torontosun.com




Aequitas Neo, Canada's new stock exchange, on mission to reshape capital markets Start up stock exchange pitches fairness to investors

Last Updated: Apr 07, 2015 4:31 PM ET


Nathan Mayer Rothschild was a pioneer in high-frequency trading.

Like the high-frequency traders of today, the powerful 18th century English banker used technology to make money on the stock exchanges.

According to legend, in 1815, Rothschild used carrier pigeons to learn the outcome of the Battle of Waterloo before anyone else. He used the news of Napoleon's defeat to his advantage, buying up government bonds at the exchanges before any of his fellow bankers clued in. He made a fortune.

"People will always look to have an edge," acknowledges Jos Schmitt, president and CEO of Canada's newest stock exchange, the Aequitas Neo Exchange in Toronto.

"But in those days, everyone could do it. It was not too expensive to own a carrier pigeon."

Today, Schmitt sees a select few having that edge. This elite group, he says, uses predatory high-frequency trading to gain an unfair advantage in the markets.

What is predatory high-frequency trading? Exchanges are set up for the buying, selling and trading of securities like stocks, funds and other financial instruments.

To buy a certain amount of securities, a buyer may have to go to multiple sellers. This is where predatory high-frequency trading kicks in.

For instance, a buyer will set out to buy three $1 stocks.

A high-frequency trader will see the purchase of the first $1 stock. The high-frequency trader will then spring into action and buy up the rest of the available $1 stock. When the original buyer goes to complete her purchase of the other two $1 stocks, they have already been bought by the high-frequency trader.

Now the high-frequency trader will sell that $1 stock for $1.01 — often back to the original buyer — and pocket the difference.

This all happens in milliseconds.

These milliseconds, over hundreds of thousands of trades, create a lot of money.



"It's technological front-running," says Schmitt. "And it adds no value."

The standout goal of the Neo exchange is to stop predatory high-frequency trading. The new exchange aims to put a speed bump on those traders using predatory high-frequency trading.

The exchange is owned by a host of big-name stakeholders, such as OMERS Capital Markets, Barclays Corp. Ltd., Royal Bank and others.

Capital markets, then and now It cost $5 to join the Toronto Stock Exchange.

That was decided on October 25, 1861, when Toronto's first official exchange was founded.

That day, 24 businessmen met at the Masonic Temple to devise a plan to trade financial instruments and raise money for business in Toronto. Before that, capital needed for businesses was raised on exchanges in London, England — which was both inconvenient and counter to the budding efforts of the Canadian confederation.

So the Toronto Stock Exchange began. It was owned by its members, who would spend a half an hour each day, trading all of 18 securities, mainly in the bank and real estate industries. The new exchange reported a volume of about five or so trades per day.

The Toronto Stock Exchange now trades around 230 million shares per day, according to the Investment Industry Regulation Organization of Canada, and is no longer mutually owned by its members. The stock exchange owned by a for-profit corporation, TMX Group Inc., handling a vast majority of the capital markets in Canada.

This evolution of the exchange is part of the problem for Schmitt.

"Exchanges are very supportive of high-frequency trading," he says. He believes Canada's stock exchanges have outlived their usefulness.

For-profit exchanges thrive off volume of trades, and high-frequency trading adds to volume, he says.

Part of eliminating the bad behaviour on the stock markets, then, is governance. Instead a public company, the Neo exchange is governed by investors and issuers, all with an equal share.

This avoids the drive to deliver value to shareholders — mostly accomplished by volume of trades.

Impact Ontario Finance Minister Charles Sousa says he doesn't have an opinion on high-frequency trading — that is up to regulatory bodies like the Ontario Securities Commission.

Sousa spoke at the Neo launch, but stresses he is not passing judgement on any exchange.

"That's a choice investors can make," he says of high-frequency trading. "I trust them to make that choice."

But Sousa says the fact the choice is now available to investors is a good thing.

"This will be great overall," he says. "My only desire is to increase competitiveness."

The benefits of competition may already be arriving.

TMX Group has altered its approach since Neo received its regulatory go-ahead. In October 2014, it proposed a wave of reforms to its trades. Those include effective solutions for participants who do not use speed-based trading strategies, according to Kevan Cowan, president, TSX Markets and Group Head of Equities.

Part of those reforms are to give high-frequency technology to more investors.

TMX is awaiting approval of its measures.

In the interim, Cowan points out TMX is in full compliance with Universal Market Integrity Rules, and adheres to principles of fair and transparent markets.

All about investor confidence But for Schmitt, considerable damage has already been done.

He says the recent history of the stock exchange in Canada, including the switch in its ownership from mutually owned to a public company, has contributed to what he calls a "deep investor confidence crisis."

He argues that is caused by the perception that markets are not fair anymore.

"There are behaviours in the markets today which make it very difficult for a retail investor to be successful," says Schmitt. "That type of behaviour is what we want to eliminate."

Fundamentally, you no longer have to know about the fundamentals of a corporation to invest in it, says Schmitt. You just have to see what other investors are buying and use high-frequency trading to get there first.

So that does not come down to investor know-how, but the wealth to invest in high-frequency trading technology.

"That confidence crisis has an impact. If people don't feel confident, they will not come to the market," he argues. "And if people don't come to the market, you have problem raising capital. If you have problems raising capital, you have problems growing your economy."

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Message 30460917
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If there are any "FRONTRUNNERS ON THIS BOARD" we don't accept it NOR on SILICON INVESTOR


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This is NOT AN INVESTMENT ADVICE SERVICE, consult a licensed professional for your investment decisions. All information posted here, including buys and sells are not investment advice and if you rely on information posted by others, you do so solely at your own RISK!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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197006shopping on line is going to kill a lot more stores in the years ahead Rocket Red110 AM
197005yup we were right.....longz110 AM
197004took a few years but its official now Sears Canada applies for creditor protectRocket Red19 AM
197003NC oversubscribed PP 1. Total amount of funds to be raised: $1,156,624 . Form 9Rocket Red-yesterday
197002Your money is barely yours- they can take it in an instant...Bitcoin not so fastPostman-yesterday
197001fyi, 30M issued and outstanding is pretty tiny float these days, has some cash fDJK1-yesterday
197000Thank you.Boolish-Tuesday
196999I agree Safe Travels and have funRocket Red-Tuesday
196998I agree with him. Crypto and definitely block chain are here to stay. Looming Boolish-Tuesday
196997PHOTOS: Trove Of Nazi Artifacts Uncovered In Argentina http://www.npr.org/sectiRocket Red-Tuesday
196996The first investor in Snapchat explains why the bitcoin rally is just getting stRocket Red-Tuesday
196995NC I want to see there Crypto Coin and shareholder divvy and see where this goesRocket Red-Tuesday
196994Well he out smarted us nice going kidRocket Red-Tuesday
196993cnbc.comBoolish1Tuesday
196992Mining Mogul Frank Giustra Is ‘Dabbling’ in Bitcoin - PART 2 http://www.kitco.cRocket Red-Tuesday
196991UGE nice deal.Boolish-Tuesday
196990"The banksters will soon also have crypto under their control too" I Rocket Red-Monday
196989nothing ever changes with gold as the crooks have it under there control thus teevee-Monday
196988nothing ever changes with gold as the crooks have it under there control thus Rocket Red-Monday
196987so what has changed? The main controller is the US through Goldman Sachs, they hralfph-Monday
196986banksters in full control of gold that is the problem these daysRocket Red-Monday
196985Here we go again. Most of these snake oil analysts should go out and get a realProud Deplorable-Monday
196984Canadian online payment processor NetCents has indicated its entry into the CariRocket Red-Sunday
196983...............AGREE...........longz-last Saturday
196982Downside Risk Increasing • 06/16/17 - @TheDailyGold JORDAN ROY-BYRNE CMT, MFTARocket Red-last Saturday
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