Insider knowledge or what could really be going on

JulieW · Aug 24, 2012

ANZ chief executive Mike Smith has sold $10.9 million worth of shares in the bank to pay a looming tax bill and repay debt.

Mr Smith offloaded 440,000 shares in the bank on August 20, according to a directors interest notice lodged with the Australian Securities Exchange.

''The exercise of the share options and the sale of the resulting shares was undertaken by Mr Smith in order to fund a forthcoming income tax payment and repay debt,'' ANZ said in a statement.

The shares were part of an options package exercised by Mr Smith. The options were approved by sharesholders in 2008. The options had an exercise price of $14.18. This gave Mr Smith a $4.69 million profit on the transaction.

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Even after the sale, Mr Smith has 1.17 million shares in ANZ, which are worth $29.2 million based on current market values.

ANZ shares were down 23 cents at $24.77 in late trade today.
http://www.theage.com.au/business/b...f-dumps-shares-to-pay-tax-20120824-24rbr.html
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http://www.shtfplan.com/headline-ne...cks-invests-over-100-million-in-gold_08162012

In a harbinger of what may be coming our way in the Fall of 2012, billionaire financier George Soros has sold all of his equity positions in major financial stocks according to a 13-F report filed with the SEC for the quarter ending June 30, 2012.

Soros, who manages funds through various accounts in the US and the Cayman Islands, has reportedly unloaded over one million shares of stock in financial companies and banks that include Citigroup (420,000 shares), JP Morgan (701,400 shares) and Goldman Sachs (120,000 shares). The total value of the stock sales amounts to nearly $50 million.

What's equally as interesting as his sale of major financials is where Soros has shifted his money. At the same time he was selling bank stocks, he was acquiring some 884,000 shares (approx. $130 million) of Gold via the SPDR Gold Trust.

When a major global player with direct ties to the White House, Wall Street, and the banking system starts off-loading stocks and starts stacking gold, it suggests a very serious market move is set to happen.

While often lambasted for his calls to centralize global banking, increase government intervention in the economy and his support of what he has called an "emergence of the new world order," if there's anyone with an inside track of where things are headed next it's Soros.

Soros, who has written extensively of a coming global paradigm shift in his book The Crash of 2008 and What It Means, calling the current economic and political model "an end of an era," has recently suggested that the financial and economic situation across the world is so serious that Europe could soon descend into chaos and conflict. He also notes that the world is entering "one of the most dangerous periods in modern history", and foresees violent riots in America and a brutal clamp-down by the government that will dramatically curtail civil liberties.

This is an individual who not only predicted the collapse of 2008 and took action to insulate himself, he also proposed the various fixes that governments in Europe and the US would eventually implement in order to stave off a deflationary depression. In his aforementioned book he suggested that central banks infuse the system with massive amounts of monetary expansion, but also warned that not injecting enough money would simply extend the onset of deflation and printing too much could lead to hyperinflationary currency collapse.

Based on recent activity in Soros' US held accounts, it seems that governments and central banks have failed at those efforts to stabilize the system. As such, Soros is getting out of those companies which are most at risk should the financial system buckle like it did in 2008 and he's shifting his assets into what may be the only asset class left standing when it's all said and done.
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http://www.zerohedge.com/news/obama-requests-europe-bail-out-his-reelection

Color us unsurprised; but the UK's Independent is reporting that American officials are worried that if the Troika decides Greece has not done enough to meet its deficit targets, it will withhold the money - triggering Greece's exit from the eurozone weeks before the presidential election. British government sources have suggested the Obama administration is urging eurozone Governments to hold off from taking any drastic action before then - fearing the resulting market destabilization could damage President Obama's re-election prospects. The Troika are expected to report in time for an 8 October meeting of eurozone finance ministers which will decide on whether to disburse Greece's next EUR31bn aid tranche, promised under the terms of the bailout for the country. European leaders are thought to be sympathetic to the Obama lobbying, fearing that, under pressure from his party in Congress, Mitt Romney would be a more isolationist president than Mr Obama.
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SilverSanchez · Aug 24, 2012

Some people are suspecting a US bank holiday a few days before the election... dont know if this is a majority view - i dont think so

willrocks · Aug 24, 2012

SilverSanchez said:

Some people are suspecting a US bank holiday a few days before the election... dont know if this is a majority view - i dont think so
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That will only happen if the men behind the curtains want Obama gone.

Nukz · Aug 25, 2012

Mike Smith covering margin calls?

I suspect gold will be a good play even if the price drops in USD terms. If the U.S prints more money it will accelerate inflation in China pushing wealthy Chinese into precious metals/Art/Wine ect.

I still believe the exit of Greece from the Euro is a nothing event the country's basically unemployed anyway. Traders will push down markets on the day though to gain on shorts then do it all again when they put in long positions for the rebound.

I'm still of the view that something else will trigger the next big cliff, something that nobody is expecting for example a bank in Germany or HK reporting they have no way to value their sovereign bonds or derivative contracts. Similar to that of BNP Paribas when in 2007 they stated they could not value their mortgage backed security's which triggered a wave of selling.

Australia may even be a harbinger for the next crisis, because economic data in China is fudged(only slightly better here really) we are used as a proxy for speculation on China. I believe Chanos has huge short positions on BHP and Fortescue.

It was interesting reading some conspiracy theory's about Soros being a Rothschild agent then reading recently he doubled his Gold holdings while Rothschild had placed massive short positions on the Euro(It's really the same position just executed differently).

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Insider knowledge or what could really be going on

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Insider knowledge or what could really be going on

JulieW Well-Known Member Silver Stacker

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