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On October 21st Casey Research charged its bleating flock $20 for its "Prepare For the 2014 Crash" report, in which we were told (and we quote)...
"Now is the time to take action. Not in the next few months or even in the next few weeks—Right now."
Checking down that list...
So, you're improving Duggie, but you're still only one from four here and there's no sign of your fantasy island Ayn Rand crash scenario yet. That's because it was, is and will be a total bullshit call from a charlatan con artist who gets rich by swindling the naive out of their money.
An excellent rendition.
Better than the one on my "Best of Chopin" double CD that I've been playing here all week.
If you're wondering how Gold Fields' (GFI) exploration activities are going in Peru at the moment...
Not this week at least. I want them lower, because next week I'm a buyer.
If you want them to go up I can only assume you're a seller of what you own, which is fair enough (I'm not).
If you're just holding with no plans to buy or sell in the near future, you have no valid opinion. Live with it.
So c'mon gold, drop a little more for me today, make the stock I want to buy a bit cheaper.
"While, clearly, people are more willing now to buy (and companies sell) more shares of junior gold companies than through much of the multi-year downturn in mining equities, the money coming is flowing to fulfill relatively-speaking more conservative needs: The more advanced mine-builds ore expansions (with moderate pricetags, permitted, strong IRR) and to repair balance sheets."
- I'm convinced the government of Argentina is not behind his death. On the basic 'cui bono' level, the CFK government has little to gain (in fact, I'd go as far as to say nothing to gain) and a lot to lose from the destabilization caused by this death. As for Nisman's accusations, they're already looking creaky at best, unsustainable more likely. In Spanish the term for re-hash is 'refrito', there's nothing much new in the report.
- I'm not as convinced at this point as CFK about the case being a non-suicide. At this point there are three logical possibilities of 1) it was a plain straight suicide 2) he was "induced to pull the trigger himself", i.e. not a suicide or 3) it was a plain straight assassination. All those three hold substance at this point, none can be ruled out.
- Lagomarsino has a lot of explaining to do. A lot.
- Sergio Massa, apart from a few minor level statements, has been quiet. Which is fair enough, he and his team are probably working out the strategy that best suits his election campaign (yes of course IKN has sympathy for Nisman's loved ones, but works on a realpolitik level). However, when he does come out and say something we'll get to find out just how far to the dark side this nefarious fucker has moved.
- I'll give Macri credit. Neither he nor his brand of politics is my cup of tea at all, but he's true to his principles. He's saying the right things in the right way and putting his country before his personal ambitions. It's likely that a person who knows what it feels like to be kidnapped and face death from his captors has deeper insight than the average joe.
- Lilita Carrió is a joke, a cartoon sketch that might have been funny or intellectually stimulating 20 years ago but is now eye-rollingly bad.
- This one is turtles, turtles, turtles all the way down and because of that, I doubt it's going to be as big an influence on the October Presidential election as people assume today in January. On this one I expect to get plenty of pushback from my Argentine friends, but history shows us that fud gets discarded as elections draw nigh. This isn't going to be a difficult one for professional politicos to sidestep come the time.
- The anti-CFK press is behaving despicably, Mis-quoting/quoting CFK out of context to make it sound like she said and wrote things that she didn't. The pro-CFK press has rallied to the government's defence quickly and tellingly, the neutral CFK press (eg Buenos Aires Herald), a tome known for its courage, hasn't tried to stick any dirt on the government yet. Of the three groups, the Clarin/Nacion anti-CFK press is by far the worst in all this.
The first paragraph of IKN292 dated December 14th 2014 was this...
UPDATE: Yeah you're right mailers, the new Blasutti thing is Scorpio, after the recent deal. All the rest stands (and it shows just how closely I follow that company's day-to-day ops). Now if you'd excuse me I'm off to watch Cule vs Colchonero (aka the copa del rey 1st leg match between Barcelona and At. Madrid), far more interesting than the close of this market.
Those people looking for a quality, reliable, smart and reasonably priced programmer/website developer...
*Holy Lord and comets, my grammar sometimes...
It's written right here, on the five day price chart:
UPDATE: Oh please don't make me do this, it's not good for the blood pressure y'know...Oh all right, just this once:
"Grasshopper, you have much to learn, grasshopper."
Here's the NR, here's the chart:
Stick a fork in her, she's done. Hycroft, more like Bye croft.
PS: Or to put it another way, dear retail investor, the mining companies have suddenly seen a big wash of money come into the sector and they don't want it all to be wasted on mere share price increases (i.e. you benefit), they want to make sure that they get theirs, so that their treasury positions expand more rapidly than your back pocket. Now you get it?
UPDATE Wednesday afternoon: Welcome, Romarco. $300m
, /CNW/ - Sprott Asset Management LP and Sprott Inc. (TSX:SII) announced today that as part of the previously communicated transition strategy, is stepping down as lead portfolio manager on the Sprott Canadian Equity Fund, Sprott Canadian EquityClass, Sprott Hedge Fund LP, Sprott Hedge Fund LP II and Sprott Bull/Bear RSP Fund. The company also announced portfolio management changes to certain other Sprott funds.
Whole thing here.
This as of a few minutes ago:
My thanks to Setty for the headsup.
*hint: not Frank Giustra
Scotia today changes its recommendation on Probe Mines (PRB.v):
- From: Sector Underperform, $0.50 target
- To: Tender, $5.00 target
Analyst, Mike Hocking.
The new whisper number on the fine ABX is facing for its environmental infractions: U$250m.
Now you know what the mining world is talking about on this side of the equator today.
There's a mix of issues that are annoying locals, but none more so than the local Islamic population, concerned about the arrival of an open pit mining operation in a place next to the main regional centre of pilgrimage for devotees. The annual get-together happened in early January (just before this pleasant snap was taken) and the religious heads seem to have decided that TGM isn't as welcome as the company tries to make out in all of its corporate literature.
UPDATE: TGM news release at the opening bell, right here. QUICK! QUICK! SCREENSHOT!
In 2014 the mine produced 81 million pounds of copper, 22.6 thousand ounces of gold, and 443.7 thousand ounces of silver. The mill averaged 89.4% operating time for the year and a total of 11.1 million tonnes of ore was milled at an average grade of 0.40 % Copper. Copper production in the fourth quarter totaled 20.3 million pounds.
PS: If you know anything about how the internet works and what it's mostly used for, you'll understand why this is destined to be the most hit upon post here at IKN this week and that 99% of the people who
A full-scale, rock-the-establishment event.
UPDATE: A mailpal, well a real-life pal in fact, who also used to be a semi-pro football player writes in (translated):
You're right, Lionel's header is special but not just for the positioning. The contact with the ball is perfect, it's very difficult to do that and he makes it look easy.PS: And for those of you with a love of "those special goalkeeping moments", here's the first goal in the Argentina vs Peru match going on as part of the Under 20s South America tournament, on this month. Argentina's
“What say we finally put a fork in Prediction, Inc.?
There is a forecasting-industrial complex, and it is a blight on all that is good and true. The symbiotic relationship between the media and Wall Street drives a relentless parade of money-losing tomfoolery: Television and radio have 24 hours a day they must fill, and they do so mostly with empty-headed nonsense. Print has column inches to put out. Online media may be the worst of all, with an infinite maw that needs to be constantly filled with new and often meaningless content.
So much has been written about this speech, I'm not adding any more here today. Just watch it.
And if you've watched it before, watch it again.
More on MLK, here