FYI, the next Casey Research pump and dump scam is using PC Gold (PKL.to)

Lobito James reco'd PKL.to to his A-List clients on Friday, so it's odds on that they'll get to sell to the larger International Speculator subs list when Lobito pumps this dog to them next month.

The day the scamrunning scumballs at Casey Research are closed down and their immoral practices stopped will be a good day for market transparency. DYODD.

Let's all laugh at the poor people...

...who buy Casey Research stock picks.

As Casey Research has an extremely selective memory when it comes to its track record, this chart is offered up  as evidence of the the snake oil salespeople's true abilities. We could have gone for Ram Power (RPG'to), that excellent Marin Scumball Katusa "top pick" of course, but let's keep it topical and go for the most recent Casey recos.

And while we're on the subject of Lobito those still left in his other recent underperforming dogpick, Gold Bullion Development Corp (GBB.v), would be wise to exit before the Vancouver junior mining conference and bunfest this weekend. Just sayin'.

UPDATE: And it just gets better. Today Lobito has called "buy second tranche" on EAS.v and notes that although the recent 43-101 resource was a total PoS and he's in the hole to the tune of 30% he can only "see an opportunity".  So pathetic it's almost funny, now all we need to watch is the initial price switcheroo that Casey Research constantly uses to scam its clients. Will they dare to shift the "initial price" to today's $3.57 in future episodes? Watch this space.....

How Casey Research fakes its track record, part two

We've already noted one of the slimeball techniques used by the unaccountable Casey Research to bullshit itself and fake its track record in this previous post, now here comes another example of their lies and deception. The following mail was recently received from reader "R", who wishes to remain anonymous being a subscriber of Casey Research's  'International Speculator' (IS) service.

In the following mail, R explains just how Casey's IS editor and liar in chief Louis James fakes his track record. At this point, it's best to make clear that I have edited R's original mail in order to strip it of any source of IS and brushed up the script a tad. I then passed the edited version of R's mail back and have received permission from R to post it as seen. In other words what you're about to read is 100% the message in R's mail.  Read on.

Hi Otto,

I don´t necessarily have a negative stance towards Casey, being an International Speculator (IS) subscriber for a year or so now. I'm a newbie everywhere in mining world and can´t judge. But here´s something that makes me angry. For a few weeks I lost track a bit of their recommends and so just recently I noticed a new IS recommendation for Pretium Resources, PVG.to. So I checked it out on the Casey site:

"First Recommended 2011-01-05  at $6.20"

So I went to the January 2011 edition of IS but found nothing. On further checking of my reports I found that it's only featured in the February 2011 IS. Here's what was written in the Feb 2011 edition:

"Bob has leapt back onto the stage, buying these gold assets from SSO and putting them into a new gold company: Pretium.

We spoke with Bob about this last month, after the January issue of IS was already out the door, and became convinced that Pretium is going to add a lot of value in the coming months and going forward. So we put out the word to our alert subscribers, who were able to take advantage of the recent fluctuation down to almost C$6.00. If this bothers you, by all means, take a pass, but note that with gold still showing weakness, it’s possible you could get filled at similar prices if you set your sights on them and wait for the market to come to you."

That stinks in various ways. First, they would have liked to reco it to IS subs but unfortunately the letter was already sent out. Subs can't be notified by email can they? So, sorry sorry had to reco it only to the alert subs.

Second, their latest scheme is: oh boo hoo if you don't like buying after alert subs have bought you can always pass on that pick

But thirdly and that ´s what causes my anger: These buggers have the nerve to list the pick as recommended first in Jan 2011 at $6.20! That's the info in my IS account and it's not true because I was reco'd in Feb 2011. The Feb IS came out on Feb 7th and Pretium was lowest 8 CAD and generally 8.50 CAD

So later they claim a performance that has not at all happened for IS subscribers. According to them, PVG.to today at $8.80 is a 42% gain calculating with start price of 6.20 CAD, while actually it has a gain of 10% at best from $8.00 and virtually nothing from $8.50.

Here is where I feel ridiculed. And sure, Casey will be all "sorry for the error" if it gets revealed. I might write to Casey but honestly, their communication politics is a bit like you never get an answer. I appreciate that you provide market transparency and track dubious behavior so I send it to you, please respect my anonymity.

Kind regards,

R

IKN Back. Personally, I think R is being far too kind and forgiving to Lobito and his band of swindlers and one of these fine days they're going to get a well-deserved lawsuit slapped on their lying asses. But that's just me. DYODD, dudettes and dudes.

The other way the Casey frontrunning scam works

And so begins another tale of Casey Research frontrunning and general ripping off of its plebeian subscribers for your education and edification.

Yeah owly, really. On February 25th Louis Lobito James, the senior metals analyst at Casey Research with no formal degree in geology or metallurgy to his name, decided to call buy on Gold Bullion Development Corp (GBB.v), a small Quebec junior gold explorer. That's fair enough, but the problem is that he only told a fraction of the people who subscribe to Casey Research that it was a buy. Here's the start of what he wote at the time:

Gold Bullion Development Corp. (V.GBB, C$0.52, 158.5M SO, 188.1M FD, C$82.4M MCap, C$6M Cash)
BUY (First Tranche, on Spec)—The CEO here is Frank Basa, whom I was (continues)

At the time, the stock was 52c, but Lobito didn't pronounce his positive conclusions on GBB.v far and wide, because this information only went to the privileged few that pay extra money for the A-list "alert" Casey Research 'Alert' service (they call it something else I think, but what it boils down to is "pay more and frontrun the cheap seats"). GBB.v then made a small upmove on improved volume due to buying from his privileged A list before....well, it dumped hard straight afterwards, in fact and bottomed out a full 26.9% lower than his buy reco price at 38c before floating on for a month or so in the low 40s.

But there's always good news when it comes to being a Casey A-lister, because if you manage to find yourself in a dog stock you can rely on Lobito and his gormless B-listers to bail you out. How so? Simply, if the reco doesn't work out he'll then reco the same stock to the B-list that gets the monthly International Speculator publication at a later date, they'll wade in like the sheep they are and those who bought in badly earlier have a neat and voluminous exit point...no harm done, on the to next

And sure enough, in this month's Intl Spec GBB.v was featured as a new buy and...

...sure enough, the volume surge saw it bought up to 51c (see the above chart)...all the out you could have wanted from this stale pick. Ain't that lucky?

One of the things I like most (well, 'like' in a rather perverse way) is the sheer barefacedness of the way these serial price manipulators go about their dirty work and to that end I've made sure that clipping from the Casey rag includes their "disclosure". In essence what they're saying iwith that disclosure you see there is "We're frontrunning you AGAIN and now that you know you're getting front-ran it's perfectly alright and we can carry on ripping you off...thank you for not noticing our little scam". For sure it's probably not illegal (note the word 'probably' there, because one of these fine days, if there's enough moolah involved I reckon there's plenty of room for an ambitious lawyer to have fun with these guys) but what this crowd of crudballs do on a regular basis sure is morally despicable. Under normal circumstances the three-card trick they play will prime a stock for an A-lister easy win, with the later Intl Speculator reco giving the tipped-off buyers a volume-laden exit point and easy percentage gains, but even if the whole thing goes wrong on Lobito and his pick turns out to be a dud, there's always the "palm it off on the sheep" exit for the A-listers....and the poor saps on the B-List who bought today will just have to learn the hard way (or not at all)

To round off, IKN would like once again to make the case for the Casey Research 'A List' expensive "hear it first" service and we're doing Casey Research a favour by marketing its expensive subscription for them all. Really, if you get the Intl Speculator but not the A-listers service, you're not doing yourself any favours whatsoever and you're also THAT clsoe to finding a real way to beat the market and rig the whole game in your favour. Why are you still on the cheapseat B List when 1) you're getting reamed by the A-listers every single month and 2) you too can sign up for the expensive Casey service and frontrun the poor saps that only get the Intl Speculator, too? So if you're a morally bankrupt piece of shit with zero scruples who enjoys making money at whatever cost, the boys at Casey will suit you down to the ground. Give them a bell today...and ask for that A-listers' thing, yeah?