The Daily IKN email digest, get all daily posts sent to you next day (& no ads)
UPDATE: Downtown Montevideo this afternoon. You kind of get the feeling that it mattered to the Charrúas, dontcha?
The link is right here. It's an excellent job of work and what the interwebnetpipes are all about, so go read.
One of the best live performances ever witnessed by a camera and then stuck on yootoob.
Daaarling thanks and air-kisses to 10%.
- Gold outsparkling other assets for the 9th consecutive year
- The bark is repaired, but the wood stays rotten
- Soft metal, hard money: the REMONETISATION has started
- Why gold is no bubble
- The creation of money from the perspective of the Austrian School of Economics
- Risk/return profile of gold investments remains very favorable
- Gold mining shares on attractive levels
- Central banks have adjusted their attitude towards gold
- Next phase of the bull market: Parabolic phase ahead?
- Next target price at USD 1,600
- At the end of the parabolic trend phase we expect at least USD 2,300/ounce
Yes indeed, this is serious gold love-in material and, snark aside, it really does do a good job in putting forward the gold bull rationale with decent arguments and statistical structure. You too can download your 1.67Mb copy by clicking this link right here. Goldbugs will lap up every word, but the more normally-adjusted will also benefit greatly from reading this report too. Enjoy.
But today we make an exception to preview a match coming up in five hours and forty-five minutes from now. Spain meet Chile in the last set of group matches and the basic story, assuming Switzerland beat Honduras....not a dead cert but let's just assume, is that Spain needs to win to go through at the expense of Chile, while Chile needs a win or a draw to send Spain home (one of the pre-tournament favourites). Both sides play attractive, quick, attacking football and won friends and plaudits in their qualifying games. Spain are the current European champions and really have a wonderful crop of players right now. Meanwhile, Chile have improved in leaps and bounds under the management of Marcelo Bielsa, who is for many people the best manager out there today.
Bottom line: The match today has the makings of an all-time classic. Now for sure footy fans will know very well that games rarely live up to this kind of billing....but all the same....you gotta watch this one because it might, just might be as good as that. And when it's played at its maximum expression there's no more beautiful game in the world than Association Football.
Update: It wasn't a classic, but at least Chile get through thanks to Honduras. It was also the first time this tournament that a South American team lost a match. So Portugal vs Spain and Brazil vs Chile in the last 16 round. This World Cup is now hotting up.
...gold, daily candle.
That's yer last warnin', laddies and lassies.
Press Release Source: Apollo Gold Corporation On Thursday June 24, 2010, 6:51 pm EDT
DENVER & HALIFAX, Nova Scotia--(BUSINESS WIRE)--Apollo Gold Corporation (TSX: APG - News) (NYSE Amex: AGT) (“Apollo”) and Linear Gold Corp. (TSX: LRR - News) (“Linear”) report that their shareholders overwhelmingly approved the business combination (“the Merger”) of the two companies to form Brigus Gold Corp. (“Brigus Gold”) at their respective meetings of shareholders earlier today continues here
a) rhyme with "Bribe Us"? (and why that little phrase sprung to mind is totally beyond me)
b) rhyme with "Biggus"? (as in the famous Monty Python scene)
Inquiring minds, etc.....
UPDATE Friday AM: This from reader 'MP':
Constitution Mining (CMIN.ob) down 5.8% at $0.73 and word getting out about the sneaky backdoor financing, it seems. This stock is worth much less.
Great Panther Silver (GPR.to) down 2.8% at $0.80. So how's that breakout going, greenhorns? IKN's best advice for those who still think this stock is the world's next shiny happy tenbagger is:
Seriously folks. there are so many self-proclaimed junior mining experts out there who clearly have absolutely no understanding whatesoever about the basics of financial reporting, it's scary. The same people that insisted an über-dog-with-fleas like ECU Silver (ECU.to) was a company on a strong financial footing in early 2009 now swear blind that GPR is some sort of financial example for us all, when anyone who actually knows what to look for can see the direct opposite is true. We know that Bill Murphy is a shamefaced bullshitter, but want we want to know know is whether Mexico Mike is ever going to apologize to the poor saps that he's been leading up the garden path all this time.
What happens when oil companies move into the Amazon jungle.
The above video is not recommended viewing for any gringo in denial.
El Zorzal Criollo died on the 24th June 1935 in a plane collision at Medellín airport, Colombia.
Here's how today's daily digest at Hemispheric Brief starts:
The annual reports on coca cultivation and cocaine production from the UN Office on Drugs and Crime (UNODC) are atop the agenda this morning. Just the Facts has a great breakdown on all the new data, writing that the headline of this year’s reports is “Peru's significant increase and Colombia's decrease in coca cultivation in 2009.” In fact, Peru is on its way to becoming the world’s top producer of coca (retaking that distinction from Colombia) according to the UNODC – a charge Peruvian President Alan García vehemently rejected Wednesday. [García did, however, maintain that his country has been the victim of “the Plan Colombia effect” – a reference to the idea that a decline in coca production in neighboring Colombia has done little more than push the crop across the border.]
Personally I do think it's the new normal and the change has been in gold, not silver. Perhaps it's becoming normal (at last) to consider gold as part of an investment portfolio, or even a trading portfolio thanks to GLD, the enormously successful ETF. Perhaps it's also becoming normal to question the things that were never questioned before, thanks to the continued ZIRPing from the moneymeisters as well as other influences.
Just a couple of general, musing reflections on this Thursday morning. Hope you have a good day.
Meanwhile, not a word in public from CMIN.ob that this financing has been open since Monday, a typical scamsters trick to leave people in the dark for as long as possible.
"Copper is increasingly being looked upon by some as a key part of a diversified portfolio that will hold its value as a hard asset rather than plunging as the economy contracts."
- Some look upon Rapture & Tribulation as a sound basis for investment philosophy.
- There are those who look upon ECU Silver as a sound long-term position.
- A strange island race believes it has a chance in The World Cup after beating by one goal to zero a country that 90% of its population couldn't find on a map.
- Wikipedia reports that since its reformation last year, The Flat Earth Society now has 60 members.
So would those currently championing the long-debunked balderdash about copper being some sort of asset class please, just once and for all.....
1) It's Lithium
2) It's Argentina
3) It's desperate
4) It's run by stupid people
VANCOUVER, CANADA--(Marketwire - June 23, 2010) - Lithium One Inc. (the "Company") (TSX VENTURE:LI - News), is pleased to announce that it has engaged the services of Mr. Peter Grandich (the "Consultant") to assist with the Company's public and investor relations and communications programs. Mr. Grandich specializes in the development and management of customized public relations and marketing programs to public and private companies in North America. He is a long-standing member of yada yada continues here
1) Mandarin Chinese: 1213 million speakersThe report goes on to note that away from the Spanish speaking countries of the world, there are now 24 countries where people grow up speaking Spanish as a mother tongue. This group accounts for 40.52 million people, with 36.305 million of those living in The USA. It's also estimated that by the year 2030, 7.5% of the world's population will be native speakers of Spanish.
2) Spanish: 416.58 million speakers
3) English: 328 million speakers
So how's that ageing population and baby boomer thing going on up there, guys?
Read the report and the way it calls Jabali "the real deal" by downloading it from this link. DYODD, cos I'm long on this stock too (but the personal initial target is much lower).
Silver Stocks: Jay Taylor, editor, miningstocks.com
Fortuna Silver Mines: Jorge Ganoza, president and CEO, Fortuna Silver Mines
Betcha he whusses out and doesn't say out loud what he knows about San José and the way the Pre-Feas does no justice to the project. Freakin' lawyers....
UPDATE: Here's the link to the clip.
¡VIVA INVESTMENT GRADE!
Peru is top coca producer: UN
BOGOTA (Colombia) - PERU has displaced Colombia to became the world's leading producer of coca leaf, the source plant for cocaine, a UN report said on Tuesday.
Fully 45.4 per cent of coca in the world comes from Peru, while 39.3 per cent is grown in Colombia and 15.3 per cent in Bolivia, according to a report by the United Nations Office on Drugs and Crime (UNODC).
'Peru has surpassed Colombia as the world's leading coca leaf producer,' Aldo Lale, the UNODC representative in Bogota, said at a press conference.Peru produced 119,000 metric tonnes of coca leaf in 2009, while Colombia produced 103,000 tonnes during the same period, Mr Lale said. -- AFP
Gammon Gold (GRS) (GAM.to) down 2.4% at U$6.03. So tell me, is today's 52 week low a good or a bad sign? (and welcome to idiot longs from Germany today, tuning in to the CotD earlier). Wir lieben Schafe.
Pediment Gold (PEZ.to) down 3.1% at $1.24 on nothing volumes. Thoughts haven't changed on this since IKN59, subbers.
Focus Ventures (FCV.v) up 4.8% at $0.33 and even though volumes are low and not much of a signal, these last couple of weeks strongly suggest that FCV is putting in a bottom. Worse ultra-spec punt plays out there at these prices.
Dorato Resources (DRI.v) UNCH at $0.80 on precisely zero shares traded today. I wonder if the dumbass longs heard about the "get out" warning given to Dorato in the Cenepa region that came from the indigenous group last week? Oh....did mgmt forget to tell you about that one, too? What a surprise....
Explor Resources (EXS.v) up 6.1% at $0.52. The most fun about discovering a bullshit newsletter dumbass's latest pump job is following it once recognized for what it is. Check out this five day chart of the stock, for example. Would it come as much surprise to you to hear that the latest "super secret" update sent out to sheepsville by Greg McCoach came on Monday morning?
Then tomorrow The K+K chess roadshow is off to Bolivia, where the Russkies are due to play an exhibition match against none other than the President of Bolivia, Dr. Evo Morales. By all accounts, Evo is a fairly tidy club standard player too, having been a chess player since a young kid. And always good for a quote, evo sez:
"It's incredible that the great sporting scientist Anatoly Karpov wants to play a game with me. I hope he doesn't beat me in seconds or minutes, I'll put up a fight."
Oh, all this goodwill and upstanding promotion of chess in South America might just have something to do with Karpov's candidacy for the Presidency of chess world body FIDE and the way that he's been canvassing for the Peru and Bolivian association votes in this year's election. But hey....all good clean fun.
Meanwhile, real congrats in order for two LatAm teams, Uruguay and Mexico. Aztecas, your prize for getting out the group is almost certainly Argentina in the last16 round so...errr....good luck with that one.
"The Ecuador Minister of Internal and External Security, Miguel Carvajal, said that if President Rafael Correa is invited to the handover (of power in Colombia) in a formal manner he would not pass up the invitation."
So the dainty diplo-twostep is "yeah I'll come if you ask nicely" and it's now up to Colombia to invite. Bet yer ass the invite is in the post in the next few days, RSVP.
It’s no secret that U.S. government tries to clandestinely infiltrate Mexican political affairs. But I didn’t realize that they advertised on Craig’s List … and that they can’t spell:
Wanna find out what shady right wing pressure groups are doing in the world's best continent? Click through here and get the freshly squeezed juice. Excellent post.
|Jun 18/10||Jun 18/10||Marion, Rene Luis Joseph||Direct Ownership||Common Shares||10 - Acquisition in the public market||3,600||$6.960|
|Jun 18/10||Jun 18/10||Marion, Rene Luis Joseph||Direct Ownership||Common Shares||10 - Acquisition in the public market||2,900||$6.950|
|Jun 18/10||Jun 18/10||Marion, Rene Luis Joseph||Direct Ownership||Common Shares||10 - Acquisition in the public market||2,400||$6.940|
|Jun 18/10||Jun 18/10||Marion, Rene Luis Joseph||Direct Ownership||Common Shares||10 - Acquisition in the public market||1,100||$6.930|
So now your 10% underwater yourself on that trade, will you please.......
Games Won: 8
Games Drawn: 2
Games Lost: 0
Codelco’s costs evolution provide a backbone to copper pricing
More Codelco, but for different reasons. A stats-packed article in Chile’s La Tercera this week (19) highlighted the rise in costs for copper production. Adding a bit of searching at the Codelco website (20) to the La Tercera note, the chart below came into being and shows that in the period 2007 to the estimates for 2012, the cost of producing one Lb of cathode at the company will have doubled in six years if Codelco estimates prove to be accurate.
Now for sure you can point to Codelco as perhaps not the most efficient major miner in the world (for example, it’s not overly surprising that the payroll of this State run company is inordinately large compared to roughly equivalent megaminers such as VALE or BHP), but the big size and the relative stability over time of Codelco production and fixed assets does give us a pretty useful benchmark for the whole industry.
The most obvious first reflection that comes from that chart is that the era of sub-$2 copper is now confined to history, assuming we don’t suffer a major and prolonged deflationary period (something that’s extremely unlikely). When marginal costs rise to this kind of level it makes no sense at all to expect copper to return to low levels for any great period, as good old fahsioned supply and demand dynamics will soon crimp supply if prices drop.
This small section of today’s Weekly isn’t saying that copper couldn’t possibly drop below $2/lb. Of course it could, as if the market applies enough pressure a spike to such low prices is possible (though unlikely). What we are saying here is that there’s very solid fundamental reasons to assume long term prices of above $2 and little reason to expect a sub $2/lb price for much more than the shortest period possible. If the world’s biggest copper player expects costs to have doubled in the six years to 2012, consider that a very strong backbone for longer-term pricings going forward.
....zinc, 30 day spot price.
Want a place to trade the move, world citizen? Then try Volcan (VOLCABC1) on the Lima exchange.
Here's another good 'un. Free subs for you, just by clicking right here
Renewable Energy Focus reports on various major topical developments in renewable energy from around the world.
This includes coverage of solar energy (PV, thermal and thermal electric), solar architecture and sustainable buildings, wind energy (offshore and on shore), wave and tidal energy, biomass energy, renewable hydrogen and fuel cells, on the generation and consumption of sustainable energy.
Geographic Eligibility: USA, Canada, Mexico, Selected International
Offered Free by: Elsevier Limited
Other Resources from: Elsevier Limited
Juan Manuel Santos: 2,272,878 votes (69.18%)That's all she wrote, folks. You can follow the progression yourself from here on in, but really there's no doubt at all who is the next President of Colombia.
Antanas Mockus: 898,908 votes (27.36%)
UPDATE: Ok, ok, one update. The above was bulletin 6, this is bulletin 17. With 98.36% of the pre-count now in the score is:
Juan Manuel Santos: 8,889,187 votes (69.00%)Notably voter turnout was very low at less than 44%...everybody watching Brazil whup Ivory Coast, methinks. Anyway, toldya that's all she wrote earlier, didn't I. Congratulations therefore to Juan Manuel Santos and I hope he turns out to be a better Prez than this humble scribe anticipates. And make it up with Ecuador and Venezuela one time, willyaz?
Antanas Mockus: 3,552,353 votes (27.57%)