Oh, and here's the S&P futures chart. It's 6:05pm Sunday local time here and the index futures have just opened. We're now off over 10% in the last two sessions.
"....anything to read into the way gold bullion has been catching up with the price of platinum [?]..."
I've had this tune in my head all weekend, thanks to the the WSJ.
Reminds me of Northern hemisphere summertimes, too. So it's only fair to share.
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"Y’all, this is Texas A&M, where they had to rename the town of Bryan to College Station so that the college students would know where to get off the train."
Here's the chart that points out a simple truth:
Kirsty sneaks in on the rails and brings us this gem rarity of a video....love the close-up headshot
From the days when people wrote songs and then trained their voices to sing. Classic
1) Start with a large fortune.
2) Follow Louis James's advice over at Casey Research.
3) Wait three months.
A quick trade planned for this admittedly small chunk that won't be included as part of any core holding.
Agree with you.. Stillwater is extremely interesting down here. It’s ridiculously cheap trading at base metals multiples for a largely platinum group metals producer; especially one outside of South Africa with all those labour and power issues driving costs up.The deal with Peregrine is locked in that SWC has 0 outs, aside from walking away and getting sued, but management has no intention of doing that.It’d be crazy if Xstrata or someone came in and scooped up SWC for $18… but my gut tells me nothing happens and the deal goes through as planned.Once they drill up Peregrine in Q4/11 I think the market will like what they see and the stock (SWC) will see big gains.
Rafael Correa: Mining Activity Will Be Beneficial
Various contracts will be signed next October for mineral exploitation, amongst them that of the Rio Blanco project of International Minerals (IMC), situated in the Molleturo area.
Date of publication: 4 Aug 2011
During his visit to Cuenca, President Rafael Correa said during a visit to the Azuay government that he had hoped to conclude negotiations this month, but the demands of the mining companies had delayed the process.
Bottom line, yes, beware of smearing, but also don’t let yourself get stampeded by critics seeking to make
names for themselves as would-be whistle-blowers.
NB: Please note that the Y-axes on these charts have been altered to show the changes more clearly. I'm not trying to fool anyone, just trying to make the changes as clear as possible.
After all, if he's giving away free money like this he can't be all bad.
Wondering why Malaga (MLG.to) hasn't announced its 2q11 production numbers to the world? Wonder no longer, this is why:
...GLD, the gold ETF, 12 month chart plus squiggles.
A simple yet interesting chart from your author's numbercrunch of the 2q11 numbers:
SEWARD, NE—Claiming he wasn't afraid to let everyone in attendance know about "the real mess we're in," Federal Reserve chairman Ben Bernanke reportedly got drunk Tuesday and told everyone at Elwood's Corner Tavern about how absolutely fucked the U.S. economy actually is.
Bernanke, who sources confirmed was "totally sloshed," arrived at the drinking establishment at approximately 5:30 p.m., ensconced himself upon a bar stool, and consumed several bottles of Miller High Life and a half-dozen shots of whiskey while loudly proclaiming to any patron who would listen that the economic outlook was "pretty goddamned awful if you want the God's honest truth."
A chart:
"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary."
Argentina: La Nacion
Bolivia: La Razón
Brazil: Folha de S. Paulo
Colombia: Semana
Chile: La Tercera
Ecuador: El Comercio (Ecuador)
Paraguay: ABC Color
Peru: El Comercio (Peru)
Uruguay: El Pais
Venezuela: Noticias24
Nov. 4 (Bloomberg) -- Nouriel Roubini, the economist who predicted the global economic crisis, said a forecast by investor Jim Rogers that gold will double to at least $2,000 an ounce is “utter nonsense.”
There is no inflation or “near-depression” to drive gold prices that high, Roubini said today at the Inside Commodities Conference in New York. If a severe depression came to pass, with investors buying canned goods and hiding out in log cabins, “maybe you want some gold in that scenario,” Roubini said.
“Maybe it will reach $1,100 or so but $1,500 or $2,000 is nonsense,” Roubini said. Gold rose to a record $1,098.50 today in New York on speculation that central banks and investors will purchase the metal to hedge against a declining dollar.
CARACAS – Venezuelan state television showed Saturday new pictures of President Hugo Chavez wearing sports togs and doing exercises together with some of his officials while commenting on government issues.
The video footage, edited and set to music, shows an enthusiastic Chavez directing the physical exercises of his ministers, who lift hands and legs along with the president as he talks about the need for healthy routines.
Let's say it again, just to make sure:
Here's the link, here's the story:
Mineworkers’ Leader, Rafael Tobón, Gunned Down in Antioquía, Colombia
The ICEM condemns the cowardly assassination of Colombian mineworkers’ leader Rafael Tobón Zea on 26 July. Tobón was shot three times and killed by paramilitaries near his home in the city of Segovia, Antioquía department, about 220 kilometres north of Medellín.
Rafael Tobón, 40, was a leader of the metal and mineworkers’ union Sintramienegética, where he was a founding member of that union at Frontino Gold Mines Ltd. He worked there for 15 years and was still assisting discharged miners of Frontino after the Medellín-based company liquidated and its underground mines were bought last year by Modoro Resources Ltd. of Canada and Gran Colombia Gold S.A.
He was working in a smaller gold mine in Antioquía department and organising workers there when he was killed last week. Sintramienegética had reported threats to its leaders that were believed to be tied to the contested takeover of Frontino by Modora and Gran Colombia, and the sacking of all miners.
The ICEM calls on the government of Colombia and the authorities in Segovia and Antioquía state to spare no resource in apprehending and bringing to justice the perpetrators of this heinous crime. Let there be no impunity for the miscreants of Colombia who take the lives of trade unionists in cold blood.
...Colombian President Santos' popularity ratings:
Did i say i was an atheist? No, i said it was good brainfood.
As inferred in the text of the post, much of the time is taken up by the old "rationality" argument in different guises. This one has been batted back and forth between the two sides more times than can be mentioned in polite company and is, intellectually speaking, old hat (though fun to watch how it manifests itself in different people's brains). However, there were a couple of good and well constructed points made and i particularly liked the way the question of whether there is a "grand purpose" to it all was framed.
It made me think, and i like to think.
It made me think above all about social morality and whether religion is a necessary tool in society to keep things working and for us not to descend into anarchy (in its strictest sense) and chaos. It also made me think a helluva lot about my daughters. Finally, it made me revisit a lot of the texts and sayings attributed to Gautama Buddha (because the Bible's view is ingrained into this westerner, whether he likes it or not).
My best advice would be not to jump to conclusions about my religious leanings. I'm not going to force mine upon anyone (nor will i reveal my beliefs), equally i reject others forcing theirs on me.
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