Archive for the ‘James Sinclair’ Category

TORONTO, Jan. 11, 2019 (GLOBE NEWSWIRE) — Tanzanian Royalty Exploration Corporation’s (TSX:TNX) (NYSE MKT:TRX) (the “Company’s”) Board of Directors is pleased to announce the entering into subscription agreements for the sale of 3,924,386 common shares raising $885,734 in the aggregate with two investors.

The proceeds from the sale of common shares will be used in furtherance of the Company’s Three-Phase Drill Program at the Buckreef Project previously announced.

The common shares are being offered pursuant to an effective shelf registration statement on Form F-3, that was previously filed with the Securities and Exchange Commission and declared effective on September 5, 2018. The sale of the common shares is expected to close on or before on January 16, 2019, subject to the satisfaction of customary closing conditions, including acceptance of the listing of the common shares by the NYSE American and the Toronto Stock Exchange.

Respectfully Submitted,

“James E. Sinclair”

James E. Sinclair

Executive Chairman

Click here for full release

Jim Sinclair’s Commentary


Banks need to be prepared for the RESET, when it occurs. Banks need to have the technology already in place when a RESET happens.

It makes perfect sense for Banks to hire computer programmers/engineers. 25% of Goldman Sachs workforce is computer programmers. It is no secret to anyone that the cutting edge and state of the art technology in finance is toward digital, cashless, crypto-currency and block chain technology. The demand for programmers to develop this technology is unavoidable. Dedicating a high percentage of a bank’s workforce to a RESET transition makes absolute sense, and would certainly be an imperative for any financial institution.

Since Goldman Sachs’ has shrunk their market makers from a workforce of 500 down to 3, it therefore seems unlikely that the programming efforts are being aimed at the markets. Why would 9,000 programmers and state of the art technology be needed when a financial institution is shrinking an area of business focus?

It could be postulated that programmers are developing Artificial Intelligence (AI) in finance. Banks are the entities of the 1% elite, and have an unsurpassed psychological need for control. Such entities are manifestly controlling, and would be extremely unlikely to give financial control to anyone or anything, particularly something they could not control. The need to control would eclipse any notion of AI in the financial and banking institutions.

Let’s read between the lines in the programming agendas and efforts of large banks. Often, what is not said is more important and more telling than what is actually stated. In the case of the following article, what is taking place in the workforce of Goldman Sachs’ tells more by what isn’t said. There is no mention of digital or cashless, etc. Let’s let the employment of engineers and programmers speak for itself since we already know the financial trend is toward digital and cashless technologies. It isn’t rocket science to read between these lines. What is unsaid about this hiring and this trend is plainly conspicuous by it’s absence.


See article below…


Computer engineers now make up a quarter of Goldman Sachs’ workforce

Thomas Franck@tomwfranck

Published 3:23 PM ET Mon, 30 April 2018  Updated 4:46 PM ET Mon, 30 April


Patrick T. Fallon | Bloomberg | Getty Images

David Solomon of Goldman Sachs & Co.

Goldman Sachs’ David Solomon said the bank now employs thousands of engineers in its effort to stay on the cutting edge of financial technology.

Keeping up in modern finance “requires a lot of investment,” said Solomon, president and next in line to be CEO at the firm, from the Milken Global Investment Conference on Monday. Companies such as Goldman need to answer questions like “how to hold on to your legacy businesses but create an environment that’s conducive” to innovation, he added.


CEO confidence is relatively high, says Goldman’s Solomon  11:28 AM ET Mon, 30 April 2018 | 04:09


The chief operating officer added that Goldman Sachs has hired about 9,000 engineers to help ensure that the bank keeps up with peers in the age of modern banking. For a company with just over 36,000 employees, the bank’s influx of computer engineers now represents approximately 25 percent of its entire workforce.

“Ours is a business of information … pattern recognition and historical context are important,” he explained, saying that it’s important to the company’s success that it continues to hire about 2,000 people fresh out of school each year.

“Equity trading: 15 to 20 years ago we had 500 people making markets in stocks. Today we have three,” he said.

Solomon became sole president and chief operating officer of Goldman Sachs earlier this month following Harvey Schwartz’s decision to retire. Commenting on the bank’s line of succession, chief executive Lloyd Blankfein called Solomon the “CEO-in-waiting” earlier this month.

Thomas Franck

Investments Reporter