IKN

6/19/13

Guess when Gran Colombia Gold (GCM.to) did its rollback?

Yep, it was June 18th:

That's one humdinger of a post roll selloff. Y'know, if it were anyone else's show this might even be a buy once the "We're digusted and we're not going to stand for it any more" money has done its Exit Stage Left. But this company? No way, no chance and no honeymoon available.

Slice of pizza, anyone?

A disclaimer

The best thing I read while on the road was this from here.

* - this is not investment advice or a solicitation to buy or sell securities. My Own Market Narrative is a comedy blog meant only to entertain, not to inform your investment decisions. The author of this blog is not a licensed securities dealer, has no concept whatever of how to manage money, and has possibly even served time for criminal offences and/or been made the subject of restraining orders. If you want someone to inform your investment decisions, phone some company like Sprott or Canaccord and ask them if they would like to anally rape your life savings to death.

And it deserves more eyeballs. Even if he couldn't save LYD.to.

It's impossible to save LYD until Louis Lobito Jonah James decides to sell and take his big loss, only then it has a chance of moving back up.

6/16/13

The IKN Weekly, out now

IKN215 has just been sent to subscribers. There will be no more posts on this blog until Thursday.

Peru Presidential Polling: Ollanta is slipping

The monthly snapshot of the Peru political scene from country benchmark pollster Ipsos/Apoyo is out and here's the headline number:

President Ollanta Humala's approval rating has slipped considerably in the last two months and now stands at 41% (his wife Nadine gets 50%, fwiw). And here's the socioeconomic breakdown of that approval:

The slippage is across the board but one that catches the eye is in the Bs, being the best indicator of true middle class in the country (the As are a very small group in percentage terms, perhaps half a million people man/woman/child in a coun try of ~30m). That 43% is a lot lower than any time in the last year.

Anyway, we're now getting pretty (and petty) typical mid-term politic gripes in Peru that make a lot of noise and tend to grind down a government's popularity without meaning much on the grand scale of things. However watch out folks, because between now and the end of July we're now expecting the big ruling on the maritime border between Chile and Peru which will be a big and potentially defining moment for government popularity on both sides of the border.

6/15/13

Neymar today

Two minutes into the Confederations Cup, Brazil 1, Japan 0. Neymar.

Order of importance, Guatemala politics edition

Which is more important?

Narco gang attacks police station en masse and murders eight police officers.

Your country plays an international friendly football match against Argentina.

No, not according to your moral compass dear reader, but according to Alejandro Sinibaldi, 2015 Presidential candidate for the Guatemala's Patriotic Party. See Mike for the rest of the story over at Central American Politics.

6/14/13

And tonight's winning entry in the Friday-night-bury-that-news-while-the market-players-are-at-happy-hour NR stakes is...

...Tasman Metals (TSM.v) for this dog's breakfast of a retraction. And there was plenty of competition this week, too. Congrats and kudos, Mr Saxon.

Ah, remember the good old days when rare earths were about to change the world? It was about two or three years ago if memory serves, just a few short months after the time that lithium was going to change the world and long after the time that thorium was going to change the world. But don't worry, because now graphite is going to change the world. What could possibly go wrong?