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cannon fodder

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  • The True All-In Cost To Mine Gold: Complete 2012 Figures [View article]
    Ore grades have been drastically falling so you have to process more for the same amount of gold.

    BTW, very good article and one of the few cost analysis that includes the replacement costs of mining, which as you pointed out is crucial.

    It's like looking at trailing P/E for stocks when you don't include replacement costs.
    Apr 17 09:50 AM | 5 Likes Like |Link to Comment
  • The True All-In Cost To Mine Gold: Complete 2012 Figures [View article]
    But even at the peak the most they were able to get from recycled was 1700 tonnes. This is well below the demand if all mines were shut down and also doesn't answer what Hebba proposed, which is that mines are the most willing producers to sell at spot.

    The only way that you'll get recyclers to sell at the dropping spot price is if they buy from thieves or desperate sellers, which I'm not ruling out in this economy.
    Apr 17 09:47 AM | 3 Likes Like |Link to Comment
  • The True All-In Cost To Mine Gold: Complete 2012 Figures [View article]
    You mean like selling 400 tonnes of gold in one day (4/12/13), without worrying about the price?

    That is 15% of the annual supply or about 2 months worth of gold ALL IN ONE DAY.
    Apr 17 09:40 AM | 10 Likes Like |Link to Comment
  • Why Forex Traders Need To Care About Gold's Collapse [View article]
    If we continue to see a sell off in asset classes across the board, then the key question will be, is the Fed finally willing to admit defeat in its artificial propping up of the market?
    Apr 16 04:04 AM | 3 Likes Like |Link to Comment
  • J.C. Penney Bond Update [View article]
    Thanks for the updated article.

    These days, Ackman is looking more like the arrogant kid who got lucky once. He's definitely a long ways from managing that $100B, which he proclaimed to be his goal.

    Do you know what happened to the bondholders who were making the claim that JCP defaulted on its credit agreement?
    Apr 9 08:25 PM | Likes Like |Link to Comment
  • More On Bitcoin [View article]
    You guys are nuts if you think that you have anonymity with BTC. The same transparency that demonstrates their legitimacy also allows them to be traced.

    Here is an interview of one of the creators explaining this. The admission starts at 3:20.
    Apr 9 08:12 PM | Likes Like |Link to Comment
  • Herbalife Announcement [View article]
    Is Sketchers in on this scheme as well?

    KPMG is going to have one hell of a settlement to pay to both Sketchers and HLF in addition to the government fines it will face.

    After all it is the only one of the big 4 to be sued for the financial crisis.

    This is a tempest in a teapot, which Icahn will take advantage of.

    Ackman has his hands full with JCP and redemptions so HLF will rise as a result as he'll have to start buying back.
    Apr 9 08:05 PM | 1 Like Like |Link to Comment
  • What Bill Ackman Doesn't Want You To Know About The FHTM Case [View article]
    I'm sure Icahn will take advantage of the buying opportunity since this 'scandal' isn't limited to HLF.
    Apr 9 05:54 PM | Likes Like |Link to Comment
  • Herbalife Announcement [View article]
    Just trying to get the price a little lower for Icahn to accumulate more.
    Apr 9 12:08 PM | Likes Like |Link to Comment
  • Hedge Funds Are Buying 3 Undervalued Stocks With Short Covering [View article]
    Agree with you 100% about Ackman. If you want to see how evasive and incompetent to run his own company you can read his two depositions here.
    Mar 28 12:35 AM | 1 Like Like |Link to Comment
  • In Gold, Not Cyprus, We Trust [View article]
    He did overlook Corzine.
    Mar 28 12:14 AM | Likes Like |Link to Comment
  • Herbalife Is Not Going To Zero [View article]
    David Thornton,
    The company that was shut down is nothing like HLF despite your opinion to the contrary. The following is from the article that YOU posted:

    "In 2004, she invested $1200 to become a wholesaler for coloured gemstones.
    If she recruited at least two other people, she was promised a return of $7000.
    Calgary RCMP, Staff Sergeant Bill Ralstin says it's easy to spot a pyramid.
    He says if you make more money from recruiting other people to join than from the sale of a product then it's a pyramid."

    In the above paragraphs from the article that YOU posted, you should be able to see the difference between that scam and HLF. In that scam you had to pay $1200 to join. Additionally, that scam focused principally on recruiting and also buying crappy gemstones, which should clearly be a scam to most people.

    With HLF, a distributor pays about $60 to join. It should be obvious to you that no one is making any money from that fully refundable distributor charge. Everyone, including HLF are only making money from the sale of the products. There is no other revenue source as the distributor kit is sold near cost and fully refunded even if it is partially used and unable to be resold.

    Please review what the RCMP officer above said is the differentiating factor between a legitimate MLM and a scam. It is a fairly simple standard.

    So you see Dave, since you are someone who I assume would want to be accurate in his accusations, you are plainly wrong with your accusations about HLF.
    Mar 28 12:10 AM | 1 Like Like |Link to Comment
  • Krugman: Cyprus Should Leave The Euro [View article]
    If Cyprus stays in the Euro then it is done as a banking center. It has more banks per capita than any other country.

    As much as I despise Krugman, he's correct on this one, just as a broken clock is right twice a day, he's probably now got one more good idea in him.

    Here's a brief history of Cyprus from showing how Germany wants Cyprus shut down as a banking center;

    In his bid to justify an unprecedented tax on bank deposits, German Finance Minister Wolfang Schäuble insists that the Cypriot economic model “has gone bankrupt.” In his fascist opinion, "anyone who invests money in a country where taxes are low and supervision is weak should suffer the consequences when the banks and the country itself cease to be viable."

    We are convinced that the tax measures involved in the deal were discussed in front of Greek and Cypriot ministers. And what was their response? Did they point out that the Cypriot model was not devised by a rabble of swindlers but by a European state which had to find a means to survive in the aftermath of military invasion and occupation?

    To avoid collapse, this state — half of which is still under military occupation, not that it would make any difference to Mr Schäuble — took the step of lowering taxes on tourism, marine charters and bank transactions to attract foreign investment.

    The economy had to be given the means to develop in a context where Turkey — which controls 700,000 voters of Turkish origin in Germany — had strangled the Cypriot state by stealing 65 per cent of its hotels, 87 per cent of its holiday complexes, 40 per cent of its schools, 48 per cent of its agricultural exports and 56 percent of its beaches (and we will continue to reiterate these figures so that history will not be forgotten).

    How was the Republic of Cyprus supposed to survive without an economic model designed to attract a level of investment that was sufficient to enable it to recover from the invasion [of 1974]? Is Mr Schäuble so focused on his economic lessons that he has no time for history?

    Has no one thought to tell him that of the 80 foreign shipping companies registered in Limassol, 36 are German and only three are Russian? Or could it be that this is in fact the problem: the Germans have three Russian companies under their feet at a time natural gas is going to boost business and tankers will bustle to and fro throughout the Mediterranean?
    Mar 27 08:32 AM | 3 Likes Like |Link to Comment
  • Hedge Funds Are Buying 3 Undervalued Stocks With Short Covering [View article]
    Doesn't William Ackman's analysis of HLF count. He believes he can ride his 20,000,000 shares down to $0.00, which to me is fairly haughty.
    Mar 26 07:14 PM | Likes Like |Link to Comment
  • In Gold, Not Cyprus, We Trust [View article]
    Here's a great idea, charge a 10% tax on all luxury yachts built in the US. We'll bring in millions.

    Never mind, that was already tried and the entire US yachting industry left the country.

    When these policy makers attempt to calculate the income on tax changes they figure it statically instead of dynamically. This is a mistake as the taxes they raise change peoples' behaviors.
    Mar 26 06:45 PM | 5 Likes Like |Link to Comment