Wishing you all a good year.
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Wishing you all a good year.
- That brings the overall score to 16 weeks out of 41 called correctly.
- That also brings the "strong signal" score (when any of the three options up/down/sideways gets over 50% of votes) to 10 weeks out of 28 called correctly.
As this link shows, excerpt below. Cash flow problems, guys?
Thanks to reader 'JG' for the headsup.
Casey complains about copyright infringementTicker Symbol: C:*CURRENTCasey complains about copyright infringementCurrent Events (C:*CURRENT)Friday June 20 2014 - Street Wireby Mike CaswellNewsletter publisher Casey Research LLC has filed a petition in the Supreme Court of British Columbia looking to identify somebody who has been posting its investment recommendations on-line. The company says that its recommendations are a paid service that costs up to $4,500 per year. Posting the information verbatim in public view infringes its copyright and may harm to its business, Casey claims.The allegations are contained in a petition that Casey filed at the Vancouver courthouse on June 17, 2014. The company identifies itself as a publisher with an office in Vermont that generates several different newsletters and investment alerts. They range in price from $80 per year to $4,500 per year. Subscribers receive the information via e-mail or by logging in to Casey's website.Casey claims that in April, 2014, a Stockhouse user named "rollercoaster2" started posting its recommendations on the Stockhouse forums verbatim. The material included content from publications offered at $995 per year and $4,500 per year. Among the postings were a recommendation for a stock that the petition identifies as "Petromas Energy Inc." (probably Petromanas Energy Inc., a company that Casey advised buying on April 16, 2014, at 28.5 cents).Casey says it did not consent to the reproduction and is concerned that continues here
1) Nope, his father hadn't just died2) He was crying due to the emotion of the occasion, nothing else3) The whole thing was started by a single Brazilian match commentator who thought up the story on the spur of the moment4) The whole world's press and media just decided to run the "news" without bothering to check sources, veracity or anything approaching decent reporting standards.
Right here. Excerpt here
VANCOUVER, June 19 (Reuters) - Any alliance between Barrick Gold Corp and China's sole state-owned gold mining company is likely to involve a smaller, non-core Barrick mine or project and not any of the Canadian miner's main assets, a China National Gold Group official said on Thursday.And remember folks: Citic and a JV on Pascua Lama is a separate deal (and you heard it here first back in February)
Barrick, the world's biggest gold producer, and China National, China's largest producer, have held talks at least three times this year on ways to cooperate, China National President Xin Song said in an interview.
Barrick's appointment of John Thornton, a China expert, as chairman this year has heightened expectations that the Toronto-based company may be seeking an alliance with Chinese investors, possibly for its large but stalled Pascua-Lama gold and silver project in South America
Here's the opening section of The IKN Weekly, issue 266, out last Sunday evening:
Something just changed for the better in the precious metals market. Maybe.
I added that “maybe” on the end because however much I’d like to be more bold or definite about the call, one week (nay, three days) of evidence is much too thin and we’ve suffered through too many false dawns as it is. But last week’s market action looked great for the miners, whichever way you examine it.
One of the very few charts I’ve cared about and keep caring about over the years is the Gold/Silver Ratio (GSR), because when it’s working it can give a useful signal about the risk appetite of our sector (very quickly a higher GSR means gold’s loved more than silver which means the market doesn’t want to take on as much risk or is battening down the hatches, the opposite applies too, of course).
That looks like a change in tide to me, and when coupled with the way stocks bounced hard while gold put in reasonable but small percentage gains, it looks as though people are ready to bolt on more risk to their portfolios.
Once again, I remind readers the same as I need to remind myself on occasion: We’re investors in companies at The IKN Weekly, not investors in metals. Those companies just happen to make (or want to make) metals as their finished product, but the difference is still a vast one.
That's not shabby at all, especially as both gold and silver have popped hard to the upside. I put that "maybe" in the title of last weekend's intro setcion because there have just been way too many false dawns in the metals complex over the last couple of years. This one is by no means a done deal and could go either way too, but there's zero zip nada no doubt that what we've seen this week fits right in with the call made by The IKN Weekly before it happened. We're no sort of permabull round here, either.
UPDATE: Your humble scribe receives the following from Iwnattos, owner of Market Narrative:
Y'know, you should just post all the merger rumours on your blog.
Why should the mouth-breathing functionaries of capitalist oppression deserve to keep secrets from the proletariat? It's not as if people like us have any other way to make money.
The reply: No, if only because I've spent over half a decade trying to avoid becoming a mouthpiece for the asshole end of the junior market.
The maker of a drone that fires pepper spray bullets says it has received its first order for the machine. South Africa-based Desert Wolf told the BBC it had secured the sale of 25 units to a mining company after showing off the tech at a trade show.
Desert Wolf's website states that its Skunk octacopter drone is fitted with four high-capacity paintball barrels, each capable of firing up to 20 bullets per second. In addition to pepper-spray ammunition, the firm says it can also be armed with dye-marker balls and solid plastic balls. The machine can carry up to 4,000 bullets at a time as well as "blinding lasers" and on-board speakers that can communicate warnings to a crowd.Full story here
So says Felix Salmon.
If true, my best guess is that Argentina would need to secure around U$1Bn in Bitcoin for the transfers, as its next coupon payment to the restructured debt holders (the 93%) is around U$900m
Interesting times, we live in.
- Everybody relax, this has been studied deeply. Actions have been taken to conteract the risk posed by a small group of bond holders that wants nothing else than to ruin countries and try to stop the reconstruction of the Argentine fianncial situation.
- Some people (bond holders) don't want to let Argentina pay its debts.
- My feeling is that they want to bring down our debt restructuring
- If we apply the Griesa ruling and Argentina is obliged to pay the vulture funds, the country will go into default
- We are going to try everything in order to pay [keep paying] the restructured debt
- Some [presidential] candidates propose the overendebted model (a clear reference to Macri)
- This government did not put the country into debt. We have dedicated ourselves to paying for the financial mess left by the neoliberal fiesta.
- They [the vulture funds] shall not pass, they're not going to change the restructuring of the debt
- This judgement says that in order to pay bondholders we have to pay the vulture funds as well, this would push Argentina into default.
- The vulture funds are vultures because they do not negotiate
- If a sentence tells us to commit suicide, we cannot accept it
- We cannot be in a situation again where, in order to pay the debt, hunger will rule
- They're coming for everything, for all the possessions of Argentina
A slice of fine oldskool
Remember that strong rumour in February about China's Citic wanting in on Barrick's (ABX) Pascua Lama?
...has just been sent to subscribers on this crisp and sunny Tuesday morning, just after the opening bell. Time to do some buying.
Update later, but it sounds like they've managed to flog it after all.
1) How Argentina had got to the position it finds itself in today regarding external debt, with a lot of emphasis on the 1976-2001 period when the dictatorship and subsequent governments took out the "cheap looking" debt, then later restructured it to put the country into hock even further.
2) Gave an overview of what the "vulture funds" are, differentiating their position from those foreign holders who were severely affected by the 2001/2002 default. It's at this point she said that Argentina would not default on its honoured positions (as predicted) and talked of the vulture funds position of extorsion (also right on playbook).
3) Explained in general terms the position of her government to the court decision and decisions the country will need to make in the near future after the US Supreme Court ruling yesterday.
Argentina and bonds and defaults and business death and stuff and money: Things the media will show you today (and things they won't)
Argentina will say:
1)We're not in default
3)Only US isn't allowing us to pay
4)Creditors line up at new window, we pay
Know your history.
TORONTO, ONTARIO--(Marketwired - Jun 16, 2014) - Solvista Gold Corporation ("Solvista" or the "Company") (TSX VENTURE:SVV)(SVVZF) announces that effective today Miller O'Prey has resigned as President and CEO of the Company to pursue other interests. Mr. O'Prey will remain as a member of the Board of Directors of the Company. Bruce Durham, P.Geo, currently a director of the Company, has been appointed as the new President and CEO of Solvista with immediate effect.
Commenting on the news, Gerry McCarvill, Solvista's Chairman stated, "on behalf of the Board, I wish to thank Miller for his excellent guidance since the inception of the Company. Under his leadership we have made discoveries at both our projects and successfully negotiated an option agreement with IAMGOLD for our Caramanta project that will ensure the advancement of the project while at the same time protecting the Company's treasury of approximately $4 million. We are well positioned to advance the Company's interests in Colombia or wherever we identify opportunities. Given Bruce's broad experience and Toronto base we anticipate that Solvista will be reviewing a host of new opportunities in both base and precious metals in multiple jurisdictions."
Bruce Durham, the Company's new President and CEO commented, "I look forward to building on the solid base that Miller has created for the Company. We have two excellent projects in Colombia, with Caramanta currently under option to a major mining company who continues to aggressively explore the project and plans to commence drilling in the third quarter of this year. In addition, the high-grade gold-silver discovery made in 2012 at our Guadalupe project warrants further exploration. We will continue to review new opportunities with a view to expanding the Company's portfolio of quality projects."
It's Sunday morning and polls are now open. As Colombia's post-close fast count system lives up too its name and is a very accurate read on the true numbers, we'll know who's in charge for the next four years in 12 hours' time. For more, this is AP today and here's Colombia Reports yesterday via a guest post in Think Progress
PS: And of course, for news as it happens including real-time coverage in English of the results this evening, no better place than the Colombia Reports main page, right here.