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  • QuickChat #253, February 5, 2013 242 comments
    Feb 5, 2013 1:13 PM

    New QC.

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  • (KSU) has edged back to the top of my watch list.
    5 Feb 2013, 01:54 PM Reply Like
  • (CPST): BTW, I forgot to remind that JMP securities, mentioned in the article linked in my recent CPST post on the prior concentrator, was the outfit that Capstone met with recently to discuss something with and the result was JMP continued their outperform(? unsure exactly which term they used w/o peeking again) rating.


    I *suspect* JMP had access to info that is routinely denied us small fry.


    5 Feb 2013, 02:41 PM Reply Like
  • Found this entry on SLW -- very interesting today. I'll have to research whether they have done gold streamer deals in the past. But the big question is the longer term rewards/benefits for existing shareholders (see comments) given the warrant terms and the large cash payment up front:


    SA Market currents 2/5/13
    5:27 PM Silver Wheaton (SLW) agrees to acquire from Vale (VALE) an amount of gold equal to 25% of the life of mine gold production from its Salobo Mine in Brazil, and 70% of the gold production for a 20-year term from some of its Sudbury Mines in Canada. SLW will pay $1.9B in cash, 10M warrants and ongoing payments of the lesser of $400 or the prevailing market price for each ounce of gold delivered under the agreement. [Commodities, M&A] 3 Comments
    5 Feb 2013, 08:40 PM Reply Like
  • RE: SLW past gold streaming here's what I found:


    ""While we have traditionally focused on silver, we have never been averse to strategically adding 'the right' gold streams to our portfolio. While we will continue to believe there are a significant number of streaming opportunities in the silver space, we are also open to layering more high-quality gold streams into our portfolio,” Silver Wheaton CEO Randy Smallwood said in a statement ... Vale streams would increase Silver Wheaton's percentage of revenue generated from gold production over the next five years from an average of 12% to a peak of about 25%..."


    It will be worth watching whether SLW will be competing more directly for gold streaming deals with SAND.
    6 Feb 2013, 06:32 AM Reply Like
  • SLW has always taken gold streams in an opportunistic manner. Some of their clients, for instance, produce both silver and gold, and SLW's standard contracts call for "equivalent" silver payment (ie, they can be paid with other products, priced at the prevailing market for silver and calculated to equate the same quantity of silver).


    SAND does the same thing (ie, I would expect that some of their clients are paying them with silver as well as gold).


    Many mines produce multiple products, and many miners have multiple operations with different output producing at the same time.


    Personally I would love to see a well-managed streamer write contracts on the rare earths, and I believe we will see this happen one day (probably with an offshoot from either SLW or SAND, if I had to guess).
    6 Feb 2013, 09:08 AM Reply Like
  • SAND will take either gold or silver, or the combination of both in the form of silver dore, an alloy of silver and gold that needs further refinement ( One of the companies they have a streaming contract with is Silvercrest, as mentioned here:


    "The open cut mine is a technically simple and robust heap leach operation producing gold and silver dore. SVLC reports production in silver equivalent ounces (oz Ag-eq) even though about three quarters of the production value is in gold."


    Silver Wheaton also has recent agreements agreements involving silver dore:


    Long SLW, SVLC, and SAND.
    6 Feb 2013, 12:57 PM Reply Like
  • Might be of interest to BoA holders

    6 Feb 2013, 08:20 AM Reply Like
  • (CPST): Some activities that will apparently highlight the advantages of Capstone microturbines, and DG (distributed generation) in general, in the aftermath of Sandy are starting to ramp up. These two by RSP, a Capstone distributor, are coming up soon, but results should be much longer in coming.


    Thanks to bub bubba at InvestorsHub for these.


    Nothing detailed in these. The first is just a synopsis of what RSP will discuss at this forum. Near the bottom of the page.



    This second seems very worthwhile as it's being presented to the Connecticut Society of Professional Engineers, "Advances in Distributed Generation Technology". Just presents the agenda in a one-page PDF.



    6 Feb 2013, 08:31 AM Reply Like
  • (CPST): "Capstone Receives Follow-On Order for 30 C65s From U.S. Oil and Gas Exploration and Production Company"


    Beneficial, but these are lower-margin units currently.



    6 Feb 2013, 09:17 AM Reply Like
  • That sale involved the Eagle Ford Shale Play...
    6 Feb 2013, 09:39 AM Reply Like
  • FPA: Yes. Lots of the O&G sales over the last couple years have been into that area. The recent 5MW order was also there. I think it has to do with lack of grid infrastructure in many of those areas.


    Anadarko and several others are there and Anadarko has become one of the biggest utilizers of the MTs.


    6 Feb 2013, 09:47 AM Reply Like
  • From Bloomberg:
    Based on indicators such as consumer consumption and electric power usage, China’s gross domestic product probably grew 3 percent to 4 percent last year, Eaton Corp. Chief Executive Officer Sandy Cutler said yesterday in a telephone interview.


    “That’s what we and so many multinational companies have been feeling there in China for the last year and a half, the economy really hasn’t been growing at 7 or 8 percent,” Cutler said. Cutler runs a manufacturer that got more than half its 2012 revenue of $16.3 billion from outside the U.S.


    His skepticism about the data echoes complaints from economists such as Li Wei of Standard Chartered Plc in Shanghai that China had inflated third-quarter growth before the November congress where the ruling Communist Party had its decennial transfer of power.


    Mark Williams and Qinwei Wang, economists with Capital Economics Ltd. in London, wrote in October that China’s third- quarter economic growth of 7.4 percent was “implausible.” Standard Chartered said in October its analysis indicated the economy expanded 6.5 percent in the quarter.
    6 Feb 2013, 10:02 AM Reply Like
  • China has been inflating their gdp numbers?


    LOL, who woulda thunk it?
    6 Feb 2013, 10:05 AM Reply Like
  • Here in Ohio our governor is attempting to change our tax system to move away from income tax by 20% and move more to sales tax by taxing more items that have previously been exempt is the kicker. He also wants to implement a huge severance tax on resources. Specifically the shale gas play. He wants to place a huge part of the tax burden for the state on one specific industry so he can raise expenditures by 6%!!! Thats way above inflation rate.


    I fear that it is not fair to do that to one industry and if that industry decides to leave the state for greener pastures our job growth opportunities in the one industry with job growth in Ohio will be wiped out. There are only so many workers for this industry and only so much equipment. Why put it where the return is the least?


    The severance tax is applied to both the land owner and the producer so the producer is not the only one paying this tax. What happens to state coffers once this industry plays out in Ohio is another question that comes to mind. Assuming they stay and pay the tax.
    6 Feb 2013, 10:19 AM Reply Like
  • The Golden Goose Taxation Play - and in the process, they will kill both the Gander and the Hen. This is the same thing politicians did in Australia with the mining industry. Kill the only successful thing they had going in order to avoid spending cuts. In the end it buys more time but eventually, the Piper will be calling the tune and the people will have to dance to that tune.
    6 Feb 2013, 10:37 AM Reply Like
  • There are currently real problems getting equipment and resources for drilling to the fields. At the very least companies with more opportunities than equipment will add the new overhead costs to their decision-making process...


    Politicians are low grade morons, generally, and great fans of zero-sum thinking. Their equations never seem to include human nature (or even basic common sense), so they look at something which is growing and run their budgetary numbers based upon assumptions that simply won't work out.


    They will be able to tax producing wells and those advanced projects which are simply past the point where they can be pulled, and therefore they will see a brief bloom (probably less than one full tax year) in revenues from the targeted industry.


    Then the oil companies (which after all are very old hands at this game) will use tax-avoidance techniques and move their efforts elsewhere.


    Unless the governor gets real creative with that new law, the oil companies are likely to cap many wells and just start a waiting game...


    Usually, the politicians who hung their hats on the new taxes and made public plans will ultimately take a hit with the voters, and find themselves voted out in an election cycle or two.


    The oil companies meanwhile have placed some minor money on the other side of the political divide, and the new taxes will be modified by the newly elected government.


    Its sad, really.
    6 Feb 2013, 10:49 AM Reply Like
  • Great panther news. Along with a new CEO they have a new find.



    Oops its a new director not CEO.
    6 Feb 2013, 10:40 AM Reply Like
  • Duke Reactor Shutdown Plan Shows Shale’s Sway Over Power


    Duke Energy’s decision to dismantle a Florida nuclear power plant rather than undertake a costly repair illustrates how rapidly cheap natural gas is remaking the U.S. power industry, hastening a shift from traditional fuels such as coal and uranium. The question for Duke is whether Florida regulators will allow it to charge the state’s consumers $1.65 billion for its failed investments in the reactor, while boosting the state’s already hefty reliance on gas to fuel its electricity plants.


    Duke’s Crystal River Unit 3 plant in Florida joins Dominion Resources Inc.’s Kewaunee reactor in Wisconsin as the first to be shuttered in the U.S. because of growing shale gas supplies, serving as signposts for utilities from Japan to Belgium also considering decommissioning reactors. At least four other U.S. reactors are also at risk of early retirement due to new power market economics.


    Gas has become the cheapest source of power for much of the U.S. with prices that have tumbled 75 percent below the July 2, 2008 peak of $13.695 per million British thermal units.


    (!) The all-in cost to produce electricity during the fourth quarter, including operating and capital expenses, was $90.42 per megawatt-hour at a combined-cycle gas plant, $140.13 at a coal-fired plant and $143.29 at a nuclear plant, according to data compiled by Bloomberg New Energy Finance.


    Shuttering more reactors would leave generators and consumers even more dependent on shale drillers and the gas they produce, said David Herr, a managing director with investment bank Duff & Phelps. “The risk is we’re putting all of our eggs into that one basket: the shale phenomenon...".
    6 Feb 2013, 11:48 AM Reply Like
  • And at the same time permits are being granted to export NG, which will certainly start in 3 years or so, and leave us back in the lurch of having no long-term energy policy in place resulting in rising energy prices again.


    6 Feb 2013, 11:54 AM Reply Like
  • Yep, All in one basket......and then governors like Ohio's Kasich (R) come along.
    6 Feb 2013, 11:54 AM Reply Like
  • There's a joke in the power industry that the best way to no longer have $3 nat gas is to plan on having it.
    6 Feb 2013, 09:20 PM Reply Like
  • Very well put.
    7 Feb 2013, 10:11 AM Reply Like
  • Apples cash is torturing hedge funds who are dying to get their hands on quick we forget just a few short years ago Jobs had to beg Bill Gates for money to survive & avoid bankruptcy.


    This is BS....Einhorn sues Apple
    7 Feb 2013, 11:00 AM Reply Like
  • If gold breaches the $1700 and closes above that for a day or two we may see some move to the upside in gold but since EVERYTHING is manipulated caution is advised. My broker would prefer to see it breach $1750.00 just to feel safer.


    7 Feb 2013, 12:46 PM Reply Like
  • I am having a really hard time getting my mind around this. Cops are looking for a cop killer in California but :


    "The hunt for Dorner led to two errant shootings in the pre-dawn darkness Thursday. (errant? they say)


    Los Angeles officers guarding a "target" named in the posting shot and wounded two women in suburban Torrance who were in a pickup but were not involved, authorities said. It's not clear if the target is a person or a location. Beck said one woman was in stable condition with two gunshot wounds and the other was being released after treatment.


    "Tragically we believe this was a case of mistaken identity by the officers," Beck said. (We believe? you say)


    Minutes later Torrance officers responding to a report of gunshots encountered a dark pickup matching the description of Dorner's, said Torrance Sgt. Chris Roosen. A collision occurred and the officers fired on the pickup. The unidentified driver was not hit and it turned out not to be the suspect vehicle, Roosen said. (A collision occured? Not intentional?)


    "We're asking our officers to be extraordinarily cautious just as we're asking the public to be extraordinarily cautious with this guy. (no caution when shooting citizens however?) He's already demonstrated he has a propensity for shooting innocent people," said Smith, the LAPD commander." (Wonder who taught him to do that?)


    NOW THIS IS THE PART I CANT BELIEVE. The LAPD commander is concerned because this guy has a "propensity for shooting innocent people". IT WOULD SEEM TO ME THE PROBLEM IS LAPD WIDE with the two women shot and another motorist nearly shot and his car rammed. What is worse being murdered by murderous cops or muderous thugs. Seems to me there is no difference.


    I think now we know why we need our assult rifles and 30 round magazines. TO PROTECT US FROM THE COPS!!!!

    7 Feb 2013, 05:39 PM Reply Like
  • DG: With the military style of metro police forces now you know you can't protect yourself from the cops. Their M.O. has been changed from protection of citizens AND their civil liberties to military-style preparedness and actions.


    You try to defend yourself from them and you, at best, end up in another "Ruby Ridge" type of occurrence. At worst, immediate dispatch of your soul to the next plane of existence.


    And your family is left without you to help protect from ones you can defend against.


    7 Feb 2013, 05:45 PM Reply Like
  • At some point in our not too distant past... police made the subtle but very powerful mission shift from "keeping the peace" to "Law Enforcement" Notice now that's what we call them? "Law Enforcement", "Law Enforcement Officers", not "Peace Officers"? Many implications to that. The sphere of discretion and judgement shrank at all levels.. And now has nearly atrophied out of existence. We may as well have robo-cops, robo-courts, and robo-judges, because in some people's minds, they would be completely impartial, fair, indiscriminate, and incorruptible. They would also have no humanity. A cop's job as it is today is a decidedly mixed bag... perhaps good pay and pensions, but a hard sour life---one that's generally dominated by two miserable things: Lowlifes and paperwork. This is not a good road.
    7 Feb 2013, 05:59 PM Reply Like
  • HTL, If they are trying to dispatch your soul for no reason it would seem prudent to shoot back and try to live by winning the gun fight. Sitting there absorbing slugs seems rather futile to getting home safely. Are we not allowed to defend ourselves from murderers or rouge cops gone crazy like the one they are looking for.


    Cops do not shoot to wound, its to kill. I think we should be able to defend ourselves from that threat if we have done nothing wrong and find ourselves threatened with murder by cop. Maybe its covered somewhere in the drone policy under the section pertaining to cops.


    Bizarre and very disturbing!!
    7 Feb 2013, 06:12 PM Reply Like
  • Cops have it bad. So how about those military guys in Afgan without the good pay, duncan doughnuts, fresh coffee and wonderful pension. Some how I am not seeing that lowlife and paperwork as a very good excuse. If they quit and do not go to work one day they do not get sent to jail for being UA either.


    I understand your perspective but I think there are a lot worse situations and they are not
    7 Feb 2013, 06:23 PM Reply Like
  • DG; I'm not saying we don't have the right. But I'm suggesting that in many cases there are other options that may have better outcomes.


    Yes, if I get a gun pointed at me by an officer and it seems I'm likely to get shot, that narrows the options. But until the point that I believe I have no other options ... A hair trigger is no good on either side in most cases.


    The story you posted demonstrates what can happen with even supposedly well-trained and "disciplined" folks - now imagine a hair trigger on the majority of citizens who are not well-trained and are basically undisciplined.


    The failure here is with "management". Thinking in terms of "friendly fire" might also cast a different light on how you judge what happened.


    Make no mistake - I have no qualms about defending mine and myself. But I do not think in terms of shooting someone else as the first response I might try.


    This does put me and mine at greater risk from the immediate consequences. But it reduces the risk that I might kill another without just cause. If it was someone's child ...


    7 Feb 2013, 06:32 PM Reply Like
  • HTL your absolutly right and I would not fire first, I would only think one could justify shooting if returning fire. Sorry I did not make that clear. We all are at a greater risk simply because as sane and law abiding folks we would not be ready for an immediate response, after all its the cops, who are supposed to protect and defend citizens not run down and mow down citizens. We would probably be starting the gun fight with a few holes already in us, superior fire power and/or accurate aim would be critical for a win with the prize being "you get to see your family again."
    7 Feb 2013, 06:48 PM Reply Like
  • One possible consequence of indiscriminate "law enforcement"; an escalation in weaponry.


    If a loved one of an intelligent and clever techno-geek is killed by such indiscriminate "policing", will improvised mortar projectiles began falling on and around (ouch!) some urban police station a few months later?
    Easy to build, don't need to be all that accurate. VERY hard to find quickly in an urban "echo chamber" environment.


    Then imagine the software to drive CNC and fabber machines is circulated so any competent person can make the device. Is that enough revenge? Does LA want gang wars fought with these types of weapons?
    7 Feb 2013, 06:59 PM Reply Like
  • Just to be clear DG, not making excuses for this or any other rogue cop's behavior whatsoever. Period. And copy all WRT military life, and unique military challenges. Which is understatement. My comment was directed specifically to the insidious evil which the shift in emphasis from a primary duty of "keeping the peace" to "enforcing the laws" leads... both for society at large, and the officers themselves.


    7 Feb 2013, 09:35 PM Reply Like
  • HTL, through thousands of comments, what repeatedly comes through is that you are an eminently reasonable, fair, hard-headed, high-standards, fact-based, detail-oriented, fully-grown, autonomous man. A rare breed anymore. But very sadly, a dying breed in our modern society. (nothing personal) Your answer here is just one more exemplar of all of that in spades... My overarching point is that if more citizens embodied those qualities, we could do with one hell of a lot fewer intrusive, pernicious, orwellian laws... and cops could revert to being good guys there only to deal with the occasional miscreant or heinous situation, and wouldn't have to be so vigilant and escalatorally authoritative.. What has been wrung out of society almost to extinction is trust. Ideally, grown-up citizens should be able to trust one another to a decent extent to act...decently.. responsibly, maturely. But over the years, that trust has been destroyed. By the action of many corrosive mechanisms. Instead of basic human decency and trust, we now have an ever finer mesh of regulations, policies, procedures and safeguards, all designed to restore confidence and safety, but which perversely only serve to undermine many of the very character traits in the citizenry at large upon only which trust and confidence have sound reason to be based...
    7 Feb 2013, 09:44 PM Reply Like
  • SiHiBi... daresay coming soon this decade to a conus state near you. Effective TTPs observe no borders for long.
    7 Feb 2013, 10:04 PM Reply Like
  • "and cops could revert to being good guys there only to deal with the occasional miscreant or heinous situation"


    Look at how the police used to be dressed. They typically wore ties and parade like uniforms. That's because they were OFFICERS of the law. Beware the society where police start to look more like military personnel. I would suggest the decay of society is largely part of gov schools. A gov school has incentives to make people sympathetic to gov, and gov has power when people can be controlled. Controlling people is often achieved by being able to whip them up into a frenzy. One way to do this is to teach them that they are victims and that they need to rise up and take revenge on those that victimized them. Such inculcations produce an ever present feeling of sensitivity that requires revenge for even the slightest perceived insult. It creates the rationalization for stealing, as what is being stolen is only being rightfully returned from whom it was stolen. It is an agitator point of view, and necessary for violent revolts that will ironically render the revolters that are supposedly looking for freedom into a new clandestine form of slavery.
    7 Feb 2013, 10:15 PM Reply Like
  • jhoop, not just gov schools, but just about gov everything... beginning when gov's mission "progressed" from protecting to providing..
    7 Feb 2013, 10:22 PM Reply Like
  • doubleguns, I think you're making a great argument against citizens having the guns that you claim they need. I'm dubious when I hear that mass shootings like in Colorado or Sandy Hook might have turned out better if only someone there had a gun and knew how to use it.


    Well, the police have guns, they have lots and lots of training, and just like in the story you posted, they make mistakes. Remember August last year in NYC? The first reports said a gunman had shot several people, but it turned out that several bystanders had been hit by the police.


    So, as I read your posts, I now think of the theater scenario where a gunman attacks during a movie and lot's of folks have guns. Say Rambo-wannabe #1 shoots at the assailant, misses and a bullet fragment hits someone in your party. Are you now going to shoot at the guy who is trying to stop the gunman because he made a mistake? And if you hit an innocent bystander in the confusion, does that mean they should open up on you? I don't think I'm being unfair, you suggested you need a gun in case overzealous or jumpy police make a mistake and shoot at you. What would you do when an overzealous, untrained and panicked civilian does the same?
    8 Feb 2013, 04:02 AM Reply Like
  • 48: <*blush*> Thank you.


    I think we see the results of lowered expectations over the generations. I think we tend to behave as expected by our peers and/or those we aspire to be like.


    The expectations and acceptable behavior models presented to current younger generations are not the same models I grew up with.


    The results we see seem a logical consequence of this change.


    We are a less civil society as a result. When a society is less civil the natural result is greater need & reliance on police (state) power.


    The only cure I see, and is unlikely to resurface IMO, is a return to higher expectations.


    8 Feb 2013, 07:53 AM Reply Like
  • I did not take that as an excuse. I just wanted to make a point that as bad as they have it there are those that have it worse. I will have to say that I agree with you point about the shift in emphasis resulting in a shift twords evil.
    8 Feb 2013, 11:20 AM Reply Like
  • JPAE, as part of the training to get a Carry Concealed Weapons (CCW) permit they teach that every shooter is responsible for the "final" resting place of every one of thier bullets. That includes if it is resting in the forehead of someones child. There is a requirement to demonstrate ones ability to fire the weapon with some level of accuracy because as you said we do not want to be getting shot dead by someone trying to prevent themselves from being shot dead.


    Most folks have no clue of the requirements or concern for these issues that folks who get those CCW permits have and they make suppositions based of their fears and not facts. Please point out in all these years where people have been mowed down by a citizen protecting them selves, friends, family or strangers from a criminal. I am sure there must be some out there but I do not know of any so it must be sooooo miniscule of a number.


    I can point to hundreds of thousands of instances where citizens have protected themselves with a firearm. I can also point out soooo many times where over zealous cops have essentually murdered citizens in thier homes and elsewhere or simply mowed citizens down when they have opened up indiscriminately trying to save themselves at the expense of the local citizens. Your incident in NY is one of the most recent ones where NINE citizens were wounded by TWO cops trying to get the ONE bad guy. They opened fire on the streets with no concern for the rest of the community that became thier backstop for the bullets.


    Sorry JAPU but the cops seem to be miles ahead in the shoot everyone category over regular armed citizens. I think at the rate the cops shoot /murder citizens we need to consider them to be the most dangerous gunman on the streets. They seem to feel entitled to shoot anywhere and anytime with no regard for the safety of those they are supposed to protect.


    Below clip is where the cops bust into a persons home in the middle of the night with a no knock warrent, he gets out of bed grabs his golf club and comes to see who is in his house and is murdered right there. BY THE FRICKING COPS. Watch it and tell me you are happy to have these guys walking the streets "protecting" you and then to have a court system that say its justified. I see it as over zealous cops being allowed to be judge, jury and executioner. Yea as stated above they have become law enforcement officers not peace officers.


    This clip is from the cops filming the breach on this guys house.



    Here in this clip they gun down an innocent child at the "oops" wrong house.



    Next clip, US Marine shot 60 times in "oops" wrong house again.



    I could play clips all day long like this. Where is the one of the citizens protecting themselves killing people all across this country? JPAU they do not exist in any quantity if at all.


    According to the NRA, firearms are used for "personal" protection more than two million times a year, and that “the presence of a firearm, without a shot being fired, prevents crime in many instances.”


    Do citizens have the right to defend themselves?



    One final thing here. I absolutely do not hate cops. I hate the idiots that call themselves cops that just seem all to eager to pull the trigger on someone and kill them. I also hate the court system that continues to allow these murderers to continue to walk our streets carrying a gun. It all leads to a Shoot first, ask questions later attitude.
    8 Feb 2013, 12:04 PM Reply Like
  • "I absolutely do not hate cops. I hate the idiots that call themselves cops that just seem all to eager to pull the trigger on someone and kill them."


    Cops are just a form of a gov regulator. What you are describing is the danger posed by gov regulators that do not have limits placed on them, or where the limits are not sufficient to protect the people that are supposed to be protected. This is why you limit and divide gov. It is the only entity with a grant of legitimitate coercion. With limits on that, that grant of legitimate coercion becomes one of illigitimate coercion. In other words, gov becomes the very thing you were trying to prevent.


    PS I look forward to the word Somolia being brought up.
    8 Feb 2013, 12:38 PM Reply Like
  • Jhooper, I am not sure what Somolia is. Did you mean Somalia?
    8 Feb 2013, 01:28 PM Reply Like
  • Its a little country just west of the Spellcheckistan.
    8 Feb 2013, 01:30 PM Reply Like
  • Gents, thanks. Regrets to both if I went a bit overboard. All this stuff is a pretty deep thicket. I read some of the guy's manifesto. It kind of defies comment. Lots of gray area. But I don't care how screwed up the system you find yourself in, how much you think you've been don't go after someone's kids. Do that and you're beyond sympathy and understanding. HTL, you nailed it. ISTM it's going to be a long, iterative, and likely painful road back...if we can ever get there.
    8 Feb 2013, 02:38 PM Reply Like
  • I have been there and there have been times I should have been there but wasn't. LOL
    8 Feb 2013, 02:50 PM Reply Like
  • 481086, Nothing was overboard from my perspective. I have not read the manifesto but your comment about the kids is spot on. Now what do you think his chances are of getting brought in alive?


    As far as the painful road back I agree with both you and HTL. I mentioned on the political chat that we do not need a turn to the left or a turn to the right...We need a complete U-turn.
    8 Feb 2013, 02:56 PM Reply Like
  • DO NOT TAKE THE BAIT FOLKS. There is a hook in there....CME cutting margins on gold and silver. hmmmm


    Something about "fool me once".....comes to mind.

    7 Feb 2013, 06:54 PM Reply Like
  • Best news yet on economy doing better than estimated:


    Trade deficit shrinks:
    8 Feb 2013, 08:45 AM Reply Like
  • Two factors in that are lower oil imports... beginning effects of the shale play? ... and the lower US dollar which makes imports into the US more expensive. This is also part of the reason exports are down in the EU.


    It's strange that the ECB is not protecting the Euro. Is there a deal going on under the covers? Could the FED be backing EU banks again with its latest QE program? I don't know, but my whiskers are twitching with the lack of ECB action on protecting the Euro.
    8 Feb 2013, 09:21 AM Reply Like
  • "Falling trade gap masks slowing growth" -- pretty interesting charts.

    8 Feb 2013, 10:33 AM Reply Like
  • Jak, very interesting. Talk about a plunge.
    8 Feb 2013, 03:43 PM Reply Like
  • ALL, I decided to make a small bet that TSLA pps would fall significantly with their next earnings announcement, next week.


    I bought Feb 2013, 36, PUTS at $0.30 today.


    Given past experience, I don't think it will take all that much in the way of reduced earnings projections to knock TSLA down by 10+ percent. And so I wait.
    8 Feb 2013, 12:55 PM Reply Like
  • I have been marveling that these jokers are trying to push it to $40 the week before that earnings call. $4.5B market cap and losing $3.50/share per quarter...geesh!!
    8 Feb 2013, 01:08 PM Reply Like
  • jakurtz: Ah, but the new model S and higher production rates and all the other good stuff is going to make them billions of USD in the next few quarters! At least, that must be true to maintain the current pps. Hummm......
    8 Feb 2013, 01:44 PM Reply Like
  • The problem with internet articles are that the publisher can change the article after it has been read or after it has been cited.


    I give you an example from the huffington post article I linked to yeasterday.



    In the link yeasterday I cited the quotes from the LAPD Commaner. They have now removed that section of the article. I guess more folks saw it the way I saw it or they read puny little ole me's comments and decided to get rid of that part of the article.


    Originally the article read like this: Minus my comments of course.


    "Minutes later Torrance officers responding to a report of gunshots encountered a dark pickup matching the description of Dorner's, said Torrance Sgt. Chris Roosen. A collision occurred and the officers fired on the pickup. The unidentified driver was not hit and it turned out not to be the suspect vehicle, Roosen said. (A collision occured? Not intentional?)


    "We're asking our officers to be extraordinarily cautious just as we're asking the public to be extraordinarily cautious with this guy. (no caution when shooting citizens however?) He's already demonstrated he has a propensity for shooting innocent people," said Smith, the LAPD commander." (Wonder who taught him to do that?)"




    Minutes later, Torrance officers responding to a report of gunshots encountered a dark pickup matching the description of Dorner's, police said (REMOVED-said Torrance Sgt. Chris Roosen) . A collision occurred and the officers fired on the pickup. The unidentified driver was not hit and it turned out not to be the suspect vehicle, they said.


    In San Diego, where police say Dorner tied up an elderly man and unsuccessfully tried to steal his boat Wednesday night, Naval Base Point Loma was locked down Thursday after a Navy worker reported seeing someone who resembled Dorner.


    They have removed (Torrance Sgt. Chris Roosen) in the first paragraph and they eliminated entirely the second paragraph with the quote about shooting innocent people. They now just skip on down to the boat theft attempt.


    I can find no mention that the article was changed or rewritten!!!??? How very strange indeed but it is the Huffington post after all. The liberal media can change anything they want any time they like and you do not get to know about it.
    8 Feb 2013, 06:12 PM Reply Like
  • Capstead Turbine CPST up 5.7% in AH after earnings release. Bid/ask spreads have been healthy (for now.)


    On a lighter note (ATTENTION LT) NPR just reported that Kentucky holds more barrels of bourbon than people in the state! :-))
    11 Feb 2013, 05:35 PM Reply Like
  • Mercy: All things considered, not a bod report. However, they missed by 400K on the top line and the better EPS benefitted from warrants adjustments due to the low price.


    I would feel comfortable holding here, but I wouldn't be surprised if "the street" took the usual whip to the stock due to the top line miss and the view on the EPS including the warrant adjustments.


    First time ever double-digit gross margin might prevent that *if* the street believes they weren't "finagled" by accounting procedures.


    Recent small order from Wrightspeed and larger order from Denver, CO for C30-powered buses from Designline (C30 seems too small for that altitude, but if the routes are predominately flat, should do well) also should keep sentiment going positive.


    On another good note, short % continues to drop, down over 4% on today's report.


    11 Feb 2013, 05:53 PM Reply Like
  • Thanks HTL -- I took some gains off the table just now with $1.02 in AH. With CPST volatility -- I plan to add more on next dip.
    11 Feb 2013, 06:13 PM Reply Like
  • I'm moving to Kentucky...
    11 Feb 2013, 08:46 PM Reply Like
  • Mercy and Joseph: Yeah, but those darned bourbon makers are thinning the brew...and get this, it's because the bourbon makers can't fill global demand:



    (Bring back the ridgerunner days!)
    11 Feb 2013, 10:16 PM Reply Like
  • Best put some of that in the basement before its diluted down.
    12 Feb 2013, 11:30 AM Reply Like
  • Here comes round #1 of global corporate tax reform:

    12 Feb 2013, 12:04 PM Reply Like
  • Gold at critical point:
    pretty good article
    12 Feb 2013, 12:56 PM Reply Like
  • For those hard core constitutionalists here is the info I got on the cops shooting civilians in LA. In the event they were to open fire on you then you have the right to return fire and kill them. Dont expect to survive the encounter but you are legally allowed to protect yourself from an unlawful arrest.


    Your Right of Defense Against Unlawful Arrest


    “Citizens may resist unlawful arrest to the point of taking an arresting officer's life if necessary.” Plummer v. State, 136 Ind. 306. This premise was upheld by the Supreme Court of the United States in the case: John Bad Elk v. U.S., 177 U.S. 529. The Court stated: “Where the officer is killed in the course of the disorder which naturally accompanies an attempted arrest that is resisted, the law looks with very different eyes upon the transaction, when the officer had the right to make the arrest, from what it does if the officer had no right. What may be murder in the first case might be nothing more than manslaughter in the other, or the facts might show that no offense had been committed.”


    “An arrest made with a defective warrant, or one issued without affidavit, or one that fails to allege a crime is within jurisdiction, and one who is being arrested, may resist arrest and break away. lf the arresting officer is killed by one who is so resisting, the killing will be no more than an involuntary manslaughter.” Housh v. People, 75 111. 491; reaffirmed and quoted in State v. Leach, 7 Conn. 452; State v. Gleason, 32 Kan. 245; Ballard v. State, 43 Ohio 349; State v Rousseau, 241 P. 2d 447; State v. Spaulding, 34 Minn. 3621.


    “When a person, being without fault, is in a place where he has a right to be, is violently assaulted, he may, without retreating, repel by force, and if, in the reasonable exercise of his right of self defense, his assailant is killed, he is justified.” Runyan v. State, 57 Ind. 80; Miller v. State, 74 Ind. 1.


    “These principles apply as well to an officer attempting to make an arrest, who abuses his authority and transcends the bounds thereof by the use of unnecessary force and violence, as they do to a private individual who unlawfully uses such force and violence.” Jones v. State, 26 Tex. App. I; Beaverts v. State, 4 Tex. App. 1 75; Skidmore v. State, 43 Tex. 93, 903.


    “An illegal arrest is an assault and battery. The person so attempted to be restrained of his liberty has the same right to use force in defending himself as he would in repelling any other assault and battery.” (State v. Robinson, 145 ME. 77, 72 ATL. 260).


    “Each person has the right to resist an unlawful arrest. In such a case, the person attempting the arrest stands in the position of a wrongdoer and may be resisted by the use of force, as in self- defense.” (State v. Mobley, 240 N.C. 476, 83 S.E. 2d 100).


    “One may come to the aid of another being unlawfully arrested, just as he may where one is being assaulted, molested, raped or kidnapped. Thus it is not an offense to liberate one from the unlawful custody of an officer, even though he may have submitted to such custody, without resistance.” (Adams v. State, 121 Ga. 16, 48 S.E. 910).


    “Story affirmed the right of self-defense by persons held illegally. In his own writings, he had admitted that ‘a situation could arise in which the checks-and-balances principle ceased to work and the various branches of government concurred in a gross usurpation.’ There would be no usual remedy by changing the law or passing an amendment to the Constitution, should the oppressed party be a minority. Story concluded, ‘If there be any remedy at all ... it is a remedy never provided for by human institutions.’ That was the ‘ultimate right of all human beings in extreme cases to resist oppression, and to apply force against ruinous injustice.’” (From Mutiny on the Amistad by Howard Jones, Oxford University Press, 1987, an account of the reading of the decision in the case by Justice Joseph Story of the Supreme Court.

    12 Feb 2013, 04:55 PM Reply Like
  • Picked this up from a post Mercy responded to...


    And Orwell’s Telascreen takes another big step forward.


    Intel’s freshly-revealed Web TV service will use advanced viewer monitoring systems, including a camera integrated into the set-top box to actively watch and identify those in front of the TV, to shape its service, the chip giant has confirmed. While the personalization system will have an optional shutter for those particularly camera-shy, new Intel Media chief Erik Huggers conceded, the on-demand project will nonetheless rely considerably on the viewer-tracking potential, helping advertisers craft more appropriate content and recommending more relevant shows depending on who’s watching what.
    Once it’s behind the screen, you can’t tell if it’s on or off, or even where it is...
    13 Feb 2013, 11:59 AM Reply Like
  • And the next x-box will allow Microsoft to watch you 24/7 in full stereoscopic Kinect vision:



    Big Brother will have this face:
    13 Feb 2013, 12:14 PM Reply Like
  • A few months back I (angrily) posted a link about how Verizon was obtaining patents for a new DVR/set top box to include a camera.

    13 Feb 2013, 12:21 PM Reply Like
  • I keep my satellite control boxes in the basement. Now I have more reason for doing so. The rats at the monitoring end can watch all the other rats running around.


    No offence Rattie!!! Your a rat with an upstanding character and morals.
    13 Feb 2013, 03:06 PM Reply Like
  • Samsung may have stolen one too many patents as now NOK drops them from supplier
    14 Feb 2013, 07:22 AM Reply Like
  • Another muppet murder!!!

    14 Feb 2013, 11:08 AM Reply Like
  • DG: I'm surprised that even worth a blogger's time anymore. Is there any rational person who doesn't know this already? And would it make any difference to those who are so irrational as to actually heed the advice those folks spew? Yes, yes, I know they still make a lot of money for the favorite clients - it's the others that get left on the curb like poor Kermit.


    I think our lexicon may drop "God Damn you" and replace it with "Goldman Sachs you"!


    14 Feb 2013, 11:32 AM Reply Like
  • Alas Kermit, I knew thee well....
    14 Feb 2013, 01:42 PM Reply Like
  • Maybe just Goldman you!!!


    As far as why I bothered to mention it, I had to out of respect for poor Kermit. We must not forget the martyrs.
    14 Feb 2013, 02:24 PM Reply Like
  • DG: Yes! It's tough on everyone when a beloved celebrity "croaks"!


    <*ducks flying shoes*>


    14 Feb 2013, 02:38 PM Reply Like
  • I never realized that ducks used flying shoes to get airbourn. Learn something every day!!!
    14 Feb 2013, 02:52 PM Reply Like
  • "If you are not at the table with GS, you are on the menu."


    Frog legs, anyone?
    14 Feb 2013, 03:45 PM Reply Like
  • DG: Good one! LoL! Cme to think of it, they need 'em when coming in for high-speed landings on hard surfaces.


    14 Feb 2013, 03:49 PM Reply Like
  • In 2012 Central Banks buy the most gold since 1964, 17% increase over what they bought in 2011 and at record prices.



    I am kind of confused because I thought gold was meaningless and Germany trying to get its gold back didn't mean anything either. Is there something I should know?
    14 Feb 2013, 11:15 AM Reply Like
  • Buy if you haven't, hold if you have. That should do it. Oh yea, buy more if you can. Schools out jak. LOL
    14 Feb 2013, 11:18 AM Reply Like
  • Looks to be a retraction from gold quite recently-
    Soros and others lightening up-

    15 Feb 2013, 10:08 AM Reply Like
  • $1600 is an obvious stop loss wall. Once reached it is likely to precipitate a down spike as too many sell orders are generated against current demand...


    Soros and others have been moving resources out of gold and into their new playground amid the European bond comedy. There they can play off their usual political victims against one another in ways which are difficult to achieve via gold...


    I would not be shocked to see $1500-$15xx for gold for a while as it probes for support. I would be surprised if we saw a big down spike to the $1400's WITHOUT a dramatic improvement in the political situation with the Euro, or a big increase in the value of the US$ (both events possible, of course, but IMO unlikely short-mid term).


    I would consider Gold a buy at either the low $15xx's OR $1650 if the recovery shows good breadth.
    15 Feb 2013, 12:00 PM Reply Like
  • Trader, I believe it looks to be a good opportunity to buy. I do not see this as a selling event because govts around the world keep printing. Printing has gotten so bad that the fed is getting schooled by the chinese and central banks are beginning to squeal....



    This can not end good. PM's will be the safety net they have always been. My additional concern is how....truely how, do we pay back 20 trillion dollars in debt, pay for social security, and medicare and medicaid and military and repair our infrastructure and deal with disasters (50 billion most recent) and pay for grossly bloated govts as municipal, state and federal levels. We also have a pension system that is collapsing rapidly and the "ANDS" could go on and on.



    Many people think we are going to pay for all of these growing costs, that are growing quite rapidly, with a vast majority of our population working service jobs like McDonalds, nurses aids and Walmart? Add in a job participation rate decreasing with an ever increasing population and finally an increadably indebted youth burdened with student loans and frankly I do not see it happening gold!!


    Of course we all have to decide what is best for each of our own situations. I will count on PM's for the possible issues (my stocks collapsed) I see ahead and, if I am wrong, my estate will just be a bit prettier with some silver and gold scattered in with the fantastically over valued stocks. LOL


    Final thought, how many govts around the world are selling gold and how many are buying gold? To me that is a big hint.
    15 Feb 2013, 12:06 PM Reply Like
  • guns: On the student debt size: Can these students get a loan to buy a house with a debt load greater then a down payment on said house? Seems unlikely.


    more random thoughts on house affordability


    Look for both new and used houses to drop in price in the coming years. That's inflation adjusted price, of course. Although with the types of jobs many of these degree holders might have to accept, maybe the debt load isn't the major problem with affording a house. More multiple owners of one house in the future?
    15 Feb 2013, 12:40 PM Reply Like
  • I see that as another part of the problem too. Another one of those "ANDs" I was talking about. The head winds are unbelievable.
    15 Feb 2013, 12:47 PM Reply Like
  • Some thoughts on the far-ranging topics...


    Look for government to alter the long-standing rules pertaining to student loans... Older loans will begin to qualify for nullification under certain conditions, and most loans will be covered under a looser bankruptcy law.


    The Fed will stop paying interest on mandated reserve deposits made by the 2Bigs, and an entire new level of Federal Notes will be created, modeled on the wilder derivative abuses seen in the bond markets in Europe... This will preceed a massive assault on retirement accounts, which will become taxable under a large array of changes, including allowing for early withdrawals with lower levels of penalties in order to encourage the saving class to consume more, now...


    Gold will become a Tier 1 asset for banks throughout the West, which will buoy prices at first, but then the 2Bigs and their partner central bankers will begin to abuse them with new derivatives designed to be traded by the more solvent banks, and gifted to support those in trouble. This will be part of the endless stream of "solutions" for the European banking debacle.


    Silver will lose its historic tether (already very frayed and increasingly meaningless) to gold, and we will see a final round of manipulations designed to allow the 2Bigs to detach their massive short positions at a profit, while simultaneously setting up huge purchases of bullion and resources (miners, processors, streamers in the equity markets) at rock bottom prices... Followed by a boom in these equity prices which will largely flow to the manipulators (funny how that works).
    15 Feb 2013, 01:07 PM Reply Like
  • TB,
    Sadly, I have to agree. You have put into words what I have been mulling on for a while now. The student loan forgiveness by working in a poor school district for a pittance has been around for a long time. I understand it is the same for doctors.


    As for the PMs I think you are correct, like they said in the Highlander "there can be only one." Eventually the banks will be invested or consolidated into one organism, feeding off itself.
    15 Feb 2013, 01:18 PM Reply Like
  • Very well put TB, I have said much the same. Especially on the student loan fix.
    PM's I bet goes much lower than anyone thinks, the big boyz will clean up on the short side and then buy low as you said.
    15 Feb 2013, 03:25 PM Reply Like
  • Backwardation in gold has surged. Seems no one wants to release their physical gold today for paper gold later. Think about that. Seller beware.

    15 Feb 2013, 04:37 PM Reply Like
  • DG=
    It very well could be a decent entry point. Based upon the German moves to bring in the gold the thought has merit. I for one am a victim of the un-announced inflation spike that is the subject of full blown denial by the powers that be. When I'm laying out $650 every two weeks to heat my humble abode, listen to my wonderful wife complain about radishes at $2 a package and reviewing my co-pay increases at the rate of 40% a pop I think inflation is here.


    I know, I know the CPI disagrees- well disagree THIS BLS!


    I happened to be by my computer when the Wally World VP said this was the most dismal retail story he's seen in 8 + years. As expected the Dow stocks- Every One, tanked within minutes. The Dow was off around 100 points about 2:30. Lo and behold- there was an epiphany! With a ton of volume the Dow, and of course most others just marched right back up and totally recovered to finish in positive territory for the day! I guess that VP's comment was just an anomaly?


    I think I now know how and where the QE-3 money was intended to be used.
    15 Feb 2013, 06:36 PM Reply Like
  • Soros more than doubled his position in GDX in q3 2012 for prices between $40 and $54. He apparently reduced that position last quarter by 34%, but between his GDX, GDXJ and remaining GLD holdings he still has 5% of his long portfolio in gold or gold stocks. Paulson still has a 21.8m share position in GLD dwarfing Soros' previously 1.3m shares. i have read Einhorn converted his GLD to physical a couple years ago citing too high of fees as the reason, he has 6% of his portfolio in GDX and Barrick gold and his Barrick position was doubled in q2 2012 at prices between $35 and $44, it is currently trading at $31.63.


    I suspect that most guys selling GLD are probably moving it to physical, but that is just my suspicion. Does anyone know if physical holdings are tracked in 13f filings?


    I am not sure if any of that is overly bullish but I also do not believe these big boys are bearish at all. It will be interesting to see how things change this quarter.
    16 Feb 2013, 09:06 PM Reply Like
  • I don't think the hedgies will switch from paper to physical.
    When they get out, they're out until it drops. That's why I have repeatedly stated IMO that PM's will fall much lower than we think.
    CB's will prop it for a while until that cash is worth more elsewhere too.
    16 Feb 2013, 09:18 PM Reply Like
  • Story about the gold sales being used to off set AAPL losses and now India and China buying surge.

    18 Feb 2013, 12:19 PM Reply Like
  • I agree with this perspective, so long as one is arguing that short term moves by hedgies in the paper gold markets should be viewed as one topic, while long term trends for physcial metals in the primary markets is something utterly different.


    It is also true that despite how much chaos can be created short term by Paulson (and friends) dumping gold ETF's to offset losses elsewhere in their portfolios, the underlying demand structure remains unchanged. Also unchanged are the other factors supporting gold prices, like the ongoing central bank accumulation of gold... and rapidly increasing production overhead costs led by accelerating layers of government regulation, energy and labor costs, and the steadily decreasing quality of un-mined deposits worldwide.


    As time goes on many long-time primary gold mines are near the end of their life span, while new projects which might have helped fill any gap are languishing from "not in my back yard" attitudes in most of the developed world, combined with kleptocracies suppressing economic activity in the less-developed world.


    Its essential to remember that many of those who report yearly production for gold include recycled gold, treating it as if it was new gold mined out of the ground. The demand figures are also suspect, since the same logic is applied to that side of the ledger, ie, that sales of gold to recyclers comprises "demand". I understand why many governments and groups use this sort of skewed bookkeeping, but an investor is wise to take these factors into consideration.
    18 Feb 2013, 12:45 PM Reply Like
  • I think this is important to read for some more direction on the hype we get from the market/media trying to paint such a wonderful picture.

    14 Feb 2013, 02:56 PM Reply Like
  • Rick thinks being a trader is so difficult, he should try investor, however its not any better.

    14 Feb 2013, 03:18 PM Reply Like
  • <engage sarcasm font>


    But guns, the housing foreclosure shuck and jive got the POTUS past the November election, didn't it? The big Bernank did his job. Things are improving! It's the dawn of a better America!


    <disengage sarcasm font>


    I really hate getting old and cynical. But what are the alternatives, once I'm no longer young and cynical? :-)
    15 Feb 2013, 04:37 PM Reply Like
  • SHB-
    I've worked all this time just to become being a cranky, irritable, cynical curmudgeon and I plan to enjoy it.


    16 Feb 2013, 09:46 AM Reply Like
  • Hillbilly, the strategic oil reserve releases are over now and that too helped on the reelection. This was pointed out on numerous occasions that the price would surge after the election was over but the sheeple did not listen. Big Beanie can not take all the credit for the jubilation and dancing in the street for Caesar.


    And then there is the vote as often as you can scam that occured in my back yard. #$@%%&!!!


    I hope they make an example of the poll worker for sure. 10 years in jail pleeeeeeease!!!!

    18 Feb 2013, 12:26 PM Reply Like
  • Big volume on CPST today...
    15 Feb 2013, 01:33 PM Reply Like
  • (CPST): And up 5%. The last report really set the long-term path in a positive light with double-digit margin. Been a long time coming. Should mean that most of the older higher-cost inventory is depleted, at last, and future quarters should benefit even further as lower cost parts come into play. Also the reducing warranty work and the visibility of end of higher royalties to UTX for the work they helped get started at CPST.


    First sales to China might be another factor - everyone will see this as a big market, assuming the IP doesn't get stolen somehow.


    15 Feb 2013, 02:07 PM Reply Like
  • I am relatively sanguine at the prospects of sales to China. Of course, this is because it should always be assumed that Chinese interests have long since purchased Capstone products and they are either already backward-engineered and the plans inserted into the appropriate slot of the next 5 year plan, or they are still looking for further information to solve problems copying the design.


    The point where we entered an age where intellectual property was being preyed upon at the nation state level happened decades ago. Now it should just be considered the norm. So long as they avoid joint ventures with Chinese companies, however, they have a chance.


    As always, my real concern with CPST is that they can maintain decent margins (which have finally begun to look "real", though still too narrow for comfort) and avoid the temptation to sell too cheaply.


    Has anyone seen any solid projections of where their share value might be in a year or so?
    15 Feb 2013, 04:00 PM Reply Like
  • I've heard two projections of pps - $1.50 and $2.18.


    A couple years back I spotted a Chinese company advertising a micro-turbine that looked suspiciously like Capstone's stuff. I post a question and link to the site to Capstone's "Ask Management" section and got a reply, after the normal couple of months, that they were not an authorized CPST dealer and CPST would be monitoring the company.


    A couple months later there was no trace of the product on that Chinese site.


    Let's hope CPST has the sense to monitor closely and not do any JV manufacturing there.


    15 Feb 2013, 05:17 PM Reply Like
  • Zacks has them at break even in 3/2015 and a stock price of $1.30 for 3/2016, Target price currently at $1.00.
    15 Feb 2013, 08:34 PM Reply Like
  • (CPST): LPP Combustion Announces First Commercial Order


    Thanks to CaptWhizBang at InvestorsHub for the post and link.


    This opens a potentially large and lucrative incremental market to Cappies. Something like this has been needed for a long time:


    "an LPP Skid to World Wide Water Solutions LLC (W3S) of Phoenix, AZ. W3S will utilize the NGL 30 Fuel Preparation Skid to vaporize natural gas liquids and flare gas for a Capstone C30 gas turbine that will provide power to a W3S mobile water treatment trailer".


    "...Initially, the W3S portable trailer with the LPP Skid-equipped 30 kW gas turbine will be deployed to purify water used in the shale oil and gas fields where there is an urgent need to clean and reuse water for drilling and fracking operations".


    "... eliminates the need for high-cost and highly polluting diesel power in remote drilling and fracking sites, while enabling the clean use of locally available flare gas and natural gas liquids for electric power generation".



    15 Feb 2013, 03:50 PM Reply Like
  • Adding to KGN
    16 Feb 2013, 09:08 AM Reply Like
  • I thought this article on the actual time frame of the Fed's printing, QE's and the lag time of golds reaction to them pretty interesting. The article is not much knew but I was interested in the charts.


    The Fed printed about $60B in seven days last week:


    Between July of 2011 and Dec 2012 (during operation twist) the Fed was not printing and in that time gold flatlined as well. Here is the chart:


    You can see in the charts subsequent to QE1 that gold does "pop" at the announcement of the QE but then falls back down and doesn't pick up again until about two months after the announcement was made, not unlike stocks that get reved up on good news and then fall back down waiting for the good news to actually take effect in the company.


    Thoughts on the interpretation of the article or charts?
    16 Feb 2013, 04:38 PM Reply Like
  • Jak, I think you nailed the price spikes situation with the comment "not unlike stocks that get reved up". Some folks hear about something and they immediatly move on the news. There will always be early movers...its some peoples nature, they hate being late.
    18 Feb 2013, 12:29 PM Reply Like
  • 4:18 PM In the wake of numerous scandals involving Chinese companies listed on Western stock exchanges, Chinese authorities are cracking down on ... those who raise the questions. Huang Kun - part of the team which put together a negative report on Silvercorp (SVM) - was arrested in Beijing at year's end and expects to soon face criminal charges. Documents suggest Silvercorp worked with officials on the investigation of Mr. Huang and even helped pay for it. 21 Comments [Global & FX]
    16 Feb 2013, 09:03 PM Reply Like
  • Shocking! Unthinkable!


    LOL, utterly predicatable.


    In a strange way, China's version of crony capitalism/socialism is more "honest" than ours. At least there the corruption is overt and the abuses are easily seen...


    Not that I am looking forward to us ultimately closing the "managed reality" gap.
    17 Feb 2013, 09:10 AM Reply Like
  • Overt bailouts to the TBTF are bad enough -- but now we have evidence of back door secret ones. Integrity and accountability anyone??


    This article is worth a read: "Don’t Blink, or You’ll Miss Another Bailout" By GRETCHEN MORGENSON


    "For zero compensation, the New York Fed released Bank of America from what may be sizable legal claims, knowing that A.I.G. was trying to recover on those claims ... the more we learn about these bailouts, gifts and advantages that Wall Street gets, the clearer it becomes that one set of rules applies to the largest megabanks and another set of rules to the smaller financial institutions and the rest of the country.”
    17 Feb 2013, 04:00 PM Reply Like
  • Mercy: We may have become somewhat inured to the shocks these sort of revelations would have caused in past times.


    I suspect now we'd be more at risk of a shock if we found out one of the "actors" actually did the right thing.


    OTOH, maybe it's just the remnants of being headed by a guy who couldn't handle Turbotax.


    17 Feb 2013, 04:19 PM Reply Like
  • Mercy, this makes me wish tax payers could mount a class action against the fed to recover what the fed gave away of tax payer money. Hmmmmmmm what if?!
    18 Feb 2013, 12:38 PM Reply Like
  • Cliff Wachtel: "Prior Week's Lessons: Growing Gap Between Prices And Reality - Part 2"


    "... US GDP for 2012 was 1.5% for 2012. Whenever it has been below 2%, it has meant recession every time since 1948, as mentioned in our prior post ..."



    17 Feb 2013, 04:50 PM Reply Like
  • Eric Parnell has written a nice article on the real story on inflation and its impact on the public. Note the reference to John William's "alternate CPI".

    18 Feb 2013, 09:32 AM Reply Like


    Glad to see you posting here. I remember recommending this site to you months ago..I kinda took a leave of absence for a while..


    Hope it is as good as i said it was for you!!


    Hello to everyone!
    18 Feb 2013, 11:03 PM Reply Like
  • Hi IT ... I was thinking of you tonight when I read that China was tightening and wondered what effect that might have on PMs...
    19 Feb 2013, 04:50 AM Reply Like
  • IT-
    Good knowledge here without the BS!


    19 Feb 2013, 09:52 AM Reply Like
  • WIND


    Yup..You have some very knowledgable people here.


    Hi, Focal.


    I also am wondering what impact that might have. Both gold and silver have been drifting down so i don't know if the run is over or we have a headfake.


    I read a comment that it now takes close to $1200 to $1500 per ounce to mine gold and bring it to a selling point. So how low can it go? Or would the miners just become like the airlines, go bankrupt but continue to fly??
    19 Feb 2013, 11:52 AM Reply Like
  • this is mostly the wealthy, ones with no debt


    4:16 AM Americans have regained $13.5T of $16T lost during the recession, says Alan Krueger, the chairman of the White House Council of Economic Advisers. "If you destroy that much wealth, people need to rebuild their retirement positions and they need to save for their children's educations," says Krueger. "That is a big challenge for consumption going forward." Comment! [U.S. Economy]
    19 Feb 2013, 04:34 AM Reply Like
  • LT: Greetings. It's part of the grand illusion. While many have gained back the chips lost at the great casino recession those chips are only worth half of what they were when they were lost.
    19 Feb 2013, 06:20 PM Reply Like
  • Robert: And for those who have gained back no chips? Sat idle, did not reinvest, as one of my brother-in-laws has (not) done?


    The market is up 100% since March 09'. So, at least from a vague yet empirical viewpoint, if the market is up 100%, but is only worth 50%, it's still 50% more than nothing.


    The grand illusion is more about those who have been so disillusioned by crony capitalism, is that they haven't thrown their hands disgustedly into the air in utter confusion and contempt for BO policy, relented, and then joined in this fabricated circus and made back some money.


    We can only play by the rules we are given to play by, and the number one rule for the past four years is: Don't fight the FED.
    19 Feb 2013, 06:33 PM Reply Like
  • 2:35 AM Chinese army unit 61398, also known as "Comment Crew," has been identified as most probably responsible for numerous cyberattacks on U.S. targets, security company Mandiant has alleged in a report. While Mandiant didn't name specific targets, victims include Coca Cola - when it was trying to acquire Chinese company Huiyuan Juice Group for $2.4B - and VMware's (VMW) RSA, as well as a firm with access to over 60% of oil and gas pipelines in North America. [Tech, Consumer, Top Stories, U.S. Economy] 2 Comments


    BP 2:15 AM BP (BP) is ready to take its chances at a civil trial over the Gulf oil spill after failing to reach a settlement with the government, states and other private plaintiffs. BP could face a fine of $21B for the crude spilled if the court accepts the government's claims, although the company reckons the bill will be under $5B. The trial is due to start on Monday. [Energy] Comme
    19 Feb 2013, 04:38 AM Reply Like
  • 9:01 AM "Human nature shirks from pain," says Jean-Marie Eveillard, summing up why most aren't cut out for value investing. The value fund he led for 25 years blew away the indices, but many clients didn't reap the rewards - fed up with Eveillard's old economy holdings, 2/3 of AUM exited during the internet bubble. Eveillard is still finding bargains in gold miners (GDX) and Japan, but is prepared to "suffer" until Mr. Market catches on. Chart of Value (IWD) vs. Growth (IWF). 14 Comments
    19 Feb 2013, 04:47 AM Reply Like
  • 8:30 AM Reuters' Jack Shafer rails against the phrase "our crumbling infrastructure" and the press' all-too uncritical acceptance that hundreds of billions or trillions of dollars needs to be spent to repair it. The doom-mongering has been going on for decades, but as the Federal Highway Administration explains, bridges can be "structurally deficient" or "functionally obsolete" and still be perfectly safe. [U.S. Economy] 22 Comments


    8:01 AM The WSJ takes issue with the assertion by the White House, and echoed by the NYT, that "a range of economic studies" show that increasing the minimum doesn't "measurably" hurt jobs. That "grossly misstates the weight of the evidence," says economist David Neumark, with 85% of studies finding "a negative employment effect on low-skilled workers." Especially hard hit are young black adults, the WSJ argues. [U.S. Economy] 28 Comments


    8:00 AM The NYT backs President Obama's call to increase the minimum wage, although it wants the figure raised further than Obama's "low-ball" proposal of $9/hour. "The argument that a higher wage will kill jobs has been debunked by a range of studies," while it also boosts productivity," the NYT writes. Over on Reuters, Reihan Salam calls the minimum wage "a poor solution," saying there are better, more targeted anti-poverty policies, such as tax credits. [U.S. Economy] 12 Comments
    19 Feb 2013, 04:48 AM Reply Like
  • Gold has broken the triangle twice, it takes three times to break down:
    19 Feb 2013, 09:01 AM Reply Like
  • Several links that kinda work together here and all short.


    Competition heating up between global players.



    A little insite on the Russian and US relations from the Russian perspective.



    PM's are getting slammed but it appears its simply more of the manipulation game. Buying opportunities for sure, but frankly I can not tell you how low this is going to go. Sorry but in a manipulated market only the manipulators know where they are taking the price.



    Maybe time to purchase that property tucked away in the mountians with a deep cave or mine. This place has potential for sure.

    19 Feb 2013, 01:17 PM Reply Like
  • DG


    Thanks for the posts!!
    19 Feb 2013, 01:26 PM Reply Like
  • Auto sales plummet in the Europe

    19 Feb 2013, 01:31 PM Reply Like
  • Wonder what impact the Chinese CYBER invasion will have on the G20 agreement..


    Maybe they didn't want to play nice so all of a sudden we now know it was their military? Anyway...


    Any thoughts on how high this market can go before we get a corrrection?
    19 Feb 2013, 02:13 PM Reply Like
  • IT: My thought is that the run-up in dividend stocks, and stocks in general, is the return of the income starved small investor and their retirement funds to the equities market. They badly need yield and, they hope, price gains in big, "safe" stocks paying dividends. Plus the Hedgies will always be rocking the market for their own reasons.


    I think the equities market is getting a bit stretched about now, but until the bond market starts falling, the dividend hunt could continue for a while. Some market shock could turn it around suddenly, but I can't guess what or when. Bad EU news (inevitable)?


     I am trying to hedge my gains and I already have much more cash then I have for many years. Making effectively zero interest. Thanks FED :-(
    19 Feb 2013, 02:51 PM Reply Like
  • Last year IIRC sell in May started in April. Keep that in mind.
    19 Feb 2013, 02:55 PM Reply Like
  • SIL and DG


    Good points as i was mostly dry powder waiting for a pull back to do exactly what Sil mentioned..Buying a nice dividend play. But i look at the fundamentals and nothing has changed, yet i just don't think BB steroids can keep this going on forever. Are things really getting better? Did i miss something?


    But i have been wrong before! I am including an author who believes in gold and silver and has written a few intersting articles..



    Appreciate some thoughts on this . Thanks...
    19 Feb 2013, 03:03 PM Reply Like
  • The aging demographics of baby boomers, that they have made "most" of their recession losses back, that they are in search of high yielders as they retire...


    That there is still a huge amount of insider selling (by again, aging baby boomers), versus insider buying. That money has to go somewhere...


    Combined with how bond selling is on the rise, and still has a long way to go, that money has to go somewhere...


    That baby boomers in general are or will be downsizing, selling larger homes for smaller retirement properties, these monies have to go somewhere....


    That the USA is currently experiencing an unprecedented growth in energy production...


    That quantitative easing at $85B per month will continue until whenever/forever...


    And don't forget, this administration is tinkering with some yet-to-be devised method of bringing home trillions of overseas profits.


    Lastly, the whole world is growing up. Just in the last generation at least a billion people who did not have electricity, now do, and there's a few billion left. These once off the grid people, now want what the rest of the first world has.


    Technically, SPY, which tracks the S&P 500, is triple topping, first in 2000, then in 2007, and now. This is shaping up to be our fourth (or fifth?) year in a row where a spring into summer pullback may occur.


    After that?


    With all of the above mentioned driving forces, has me thinking DOW 17,000 by 2016 is quite plausible, with all the usual caveats; war, EZ meltdown, natural disasters, etc.
    19 Feb 2013, 03:54 PM Reply Like
  • As long as that money just doesn't go away. Poof. It will have to go someplace but I wonder at what PE ratio will those stocks be if no one is spending. Without jobs returning all is a manipulated vapor myth complements of Benny and companies are turning a profit by head count cuts and off shoring. It will not end well.


    Till the manipulation ends I have no compass in this market.
    19 Feb 2013, 04:09 PM Reply Like
  • Guns: For years you've been hearing me clamor in this thread that one had make all the money they can, before it becomes worthless. ;-)


    Regardless, I cannot ignore what the market has done since March 09'. We're entering our fourth year of climbing the preposterous wall of worry. After perhaps some month(s) long technical pullback, perhaps driven by sequestration anxiety, I think we'll continue to climb the worry wart wall.


    Again, with the usual caveats not withstanding.
    19 Feb 2013, 04:14 PM Reply Like
  • Your completely right until it fails and you have stated that. My concern is to not have it all go worthless and to not become helpless. I hope others are listening and doing the same. We all agree its not sustainable. I believe we will be lucky to make it through this presidential term and if we do it wont get far into the next one because BO seems to be doing everything bassackwards as far as gettting jobs going. No jobs, no recovery, more collapse, more debt, more pain, more suffeing, more disaster.


    He is after guns, carbon tax, and a host of other political agendas but NOTHING for jobs. Does anyone else notice this and see it as a really bad, no horrible situation getting a lot worse. It reminds me of the saying that Nero fiddled while Rome burned. What we have now is political fiddling while America burns.
    19 Feb 2013, 04:44 PM Reply Like
  • BO would have had more jobs, but the obstructionists won't go along with anything.... otherwise, jobs may never come back like we want.
    the big question is, what happens overseas when that $2 trillion comes home? Gonna be a big empty hole in someones bank account.


    Maya is right, and I too have stated the same thing.


    If you are drawing "zero"....then you are not looking to invest. Just last week I purchased some preferred on a small bank yeilding 5.75%. I wouldn't touch some high flyers anymore. But good money managers can always find a safe dividend stock or new preferred issue. You just have to say yes, and go for it.
    19 Feb 2013, 04:55 PM Reply Like
  • LT are you telling me that the jobs council was closed down because of obstructionists. Even you can not believe that absurdity. What job creations have been obstructed. Please pray tell provide the links.


    I can point to Keystone pipeline, numerous failed green energy companys that engulfed tons of stim money, Man the jobs that money could have created. Shovel ready jobs that were not really shovel ready so we didn't get to create those jobs either but the only jobs I have seen obstructed are the keystone pipeline, gulf oil platforms, federal land oil exploration, and off shore fish farms to name a few but all obstructed by......who do you think, either directly or through the overreach of govt regulations which the jobs council could have been identifying if it was simply not a reelection prop eliminated shortly after reelection.


    I know we do not see eye to eye on some issues but I appreciate your opinion even if I disagree with it often simply because honest banter back and forth creates opportunities to learn from each other.
    19 Feb 2013, 05:39 PM Reply Like
  • I don't have to supply links to a year ago they would not vote to keep gov't functioning, tried the same thing on the Jan.1, 13 sequester, and now trying to hold the gov't hostage again.....they only bills they passes was to name bridges and roads. Everything else was no.


    This created uncertainty, even CEO's have told them to move on and compromise. They won't fix the tax code either, only because they don't want the credit to go to anyone.


    Everyone in DC is sitting waiting to move on and complete the necessary moves except the Congresss.....who will vote NO again everytime. What they will pass is so watered down it is a waste of time.
    19 Feb 2013, 05:59 PM Reply Like
  • Guns: I WANT less jobs, of the government variety. You know I have always advocated for a smaller government. For several years now, I have completely dismissed the significance of employment numbers, and how they interrelate with my investing premises.


    Pretty sure not once since I bailed on the market back in 08' have I ever said to myself upon reentering, "Should I make this investment or not based on unemployment numbers?" But that's just me.


    I don't expect we will ever again see 5% unemployment.


    I'm also all for BO going after guns. Who the heck needs a gun that fires off twenty rounds per second? Or even 20 rounds in 20 seconds? Some kinds of handguns and hunting rifles are another matter altogether. They should always remain legal. If a hunter needs more than three rounds to hit a target, than that hunter shouldn't be hunting ;-)


    Carbon taxes? Hasn't this been put on the back burner?


    Someday, the poop will again hit the fan. But, I'm willing to stick my nose right in front of that fan until it occurs. That's the beauty of QuickChat and other forums we Renegades have created. Together, we have developed fantastic olfactory glands!
    19 Feb 2013, 06:19 PM Reply Like
  • "Who the heck needs a gun that fires off twenty rounds per second? Or even 20 rounds in 20 seconds?"


    You want the same type of weapons the police carry. They carry them because they have learned that's the level of protection that the environment warrants. Thus if they think its needed so should you. Of course, you always need to protect yourself from the police as well. If you don't, the police figure out real fast there is money to be made by teaming up with the crooks. Thus you need those guns to create a division of power, becuase dividing power is how power is checked. Checking power, keeps power from being concentrated, and keeping power from being concentrated is how you works towards a coercion free society.
    19 Feb 2013, 06:30 PM Reply Like
  • Most folks forget the 2nd amendment is not for hunting. It is to remove a tyranical govt. What dif is there to how fast a car goes or how fast a gun shoots if it is in posession of a person that acts responsibly with it. We are not banning cars that go over 55 mph since folks do not deserve to be punished because some drive to fast. Punish the speeders. Same with guns. I have done NOTHING wrong so why punish me. (I know the govt fears me!)


    Did you know that more folks are killed with hammers and clubs than rifles and assult rifles. We are not banning the hammers and clubs. Alcohol is used in many crimes but we do not out law that again. There are 1000's dying every year from prescription drugs yet they are still legal. Using the logic being used on guns they should be banned, hammers banned, cars banned and the list could go on and on.


    Assult rifles are at the bottom of the list for murder instruments so why are they under attack. My copper collander says because the govt knows exactly why we have a 2nd ammendmet and they want to ensure we can do nothing if or when the time comes to remove any resistance to tyranny.


    Maya I hope you will reconsider your opinion on the gun issue. When they came for the Jews I said nothing.....comes to mind.


    I think the liberal press has brainwashed vast numbers of Americans into thinking that everyone is running around with machineguns just waiting to kill people. Anyone with a fast car is much more likely to do that.


    I believe that folks who give up any freedoms to easily will find themselves regretting that at some point in life as more freedoms begin to disappear in rapid succession.
    19 Feb 2013, 06:54 PM Reply Like
  • It's a choice, Guns. I prefer to not own an assault weapon. I believe in my lifetime I will never need one to beat back my own government with violence. There is simply no need for any American to own an assault rifle. It's one thing to organize and vote out corrupt politicians, quite another matter for citizens to attempt an ousting of all politicians at one time.


    Though we agree on just about every other issue, this one I fear we will never agree on.


    However, if I lived in San Pedro Sula, I'd probably have 50,000 rounds and an assault weapon leaning aside every door and iron barred window...loaded.


    How did this conversation drift from market expectations, to the second and fourth ammendments?


    Time for a beer and taking in Indiana vs. Mich. State. Gotta figure out how to fill out the March Madness brackets!
    19 Feb 2013, 07:10 PM Reply Like
  • "I will never need "


    Its not a question of need. Its a question of want. "Need" is only used in terms of what tyrants will allow you to have. "Want" is the expression of a society that is free to pursue freedom of choice, and a well armed populace makes it so you never NEED to worry about having to oust all the politicians at once.
    19 Feb 2013, 07:17 PM Reply Like
  • Hoops: Huh? I absolutely do not want the same type of weapons police use. Nor do I want my neighbors owning them, or their neighbors. Exactly what advantage do I have in owning the same kind of weapons as cops do?


    All cops are not bad cops.


    <kidding> Now give me a laser that can slice through a four foot oak from a 1000 yards, and I'll take that advantage.
    19 Feb 2013, 07:25 PM Reply Like
  • DoubleG, again you make me regret that I have but one "like" to give for my country...


    big gov't = little citizen. A populace that can't be trusted with their own guns is a populace that isn't grown-up enough to be trusted with the vote. The he11 with that. I for one am sick of all of this GD pu$$ification. Subsidized couch-sitting to the point where nobody can wipe their own nose. I want to live amongst a responsible, grown-up citizenry--mature, capable fellow Americans whom I can TRUST most of the time to be decent and use good judgment, not an infantilized dependent idiocracy. You want functional democracy? Then you need MEN (and Women) who can effing handle their responsibilities as autonomous adults, parents, and breadwinners, and do their part for holding up the tent. And that means being responsible enough and sovereign enough to possess and command personal deadly force. I'm tired of living in a country of freaking children. Taking guns away from people is tantamount to saying they can't handle it, they can't be trusted, they aren't mature enough, or capable enough, or responsible enough. The result is a de-fanged, neutered, emotionally stunted joke of a nation. It's sickening.
    19 Feb 2013, 07:32 PM Reply Like
  • Because the are showing what weapons the bad guys have. If the police need that level of protection, then that shows what level of protection you need.


    If you want gun control, how about a compromise. Just ban guns from criminals first, and then lets see how good the economics of banning workout. What you will see is the economics will be similar to drugs and immigration. Lots of people in jail for things that shouldn't have been a crime in the first place. Get ready to build a whole lot more prisons.
    19 Feb 2013, 07:33 PM Reply Like
  • " Now give me a laser that can slice through a four foot oak from a 1000 yards, and I'll take that advantage. "


    There's an interesting point here. This is basically a ban on machine guns. We also don't see lots of machine guns, because there really isn't a market for machine guns. Here's why.


    Lets say your laser cost $1 million to purchase and a $100k to operate. There are few people willing to spend that kind of dough on defense, thus you could ban that and the economics of banning don't emerge.


    Machine guns are the same thing. A machine gun is very expensive to operate, and it works well when you have 100s of people rushing you. The typical home invasion is just a few people breaking in. Thus a 20 round clip in a semiauto (all weapons are assault weapons - they are all designed to assault) is a great weapon for someone defending themselves. The weapon costs a few hundred and the ammo about a hundred. A few people rushing you might induce panic, thus a single shot bolt action does not serve you well. Thus, the need for these weapons is driven by technology and a market where gov has failed to rid it of coercion.


    In other words, the reason the police carry the weapons they do is because there is a market for it. There is not much of a market for machine guns, thus the economics of banning don't emerge. However, there is a HUGE market for semi autos that can fire 10 to 20 rounds. The cost of trying to ban something like that will be similar to the costs in banning drugs. It will be marked by piles of bodies, huge prison populations, and enormous costs.
    19 Feb 2013, 07:41 PM Reply Like
  • Sheesh, Hoops. I was only kidding.


    This thread is about investments, not guns, or gun policy.


    Too divisive, too hot a topic, and waaay toooo time consuming for me to go further.


    We should probably put up a gun insta, a legalizing pot (and all drugs) insta, as well as an insta toward legalizing prostitution and sports book gambling.


    Back to the game...
    19 Feb 2013, 08:06 PM Reply Like
  • DG


    In fact CNN reported that it is actually pistols and not rifles that do the most killing..I believe it was 77% of deaths from pistols...23% from rifles...
    19 Feb 2013, 11:12 PM Reply Like
  • JH


    Funny thing with NY'S new gun law. Even the Police aren't allowed more than 7 bullets in their guns either...Now you know that will be addressed..


    But honestly at the shooting range i go to only having 7 bullets in a magazine just reduces the amount of practice you can have within the hour you pay for it...I am against 100 round drums, but at least give us a 10 magazine clip.!!


    Most pistols owned now can hold more than 7 rounds, and some were bought for that reason. No need to reload so much..Plus saying an AR-15 is an assault rifle is an outright lie..It looks nasty but it isn't an assult rifle..


    Hunting is always brought up, but some of us belong to gun clubs, NRA members , and have owned guns since we have been teenagers...How would someone like to play full court basketball with only one basket??
    19 Feb 2013, 11:16 PM Reply Like
  • I don't mind people owning handguns, but I see no practical use or need for 30-round magazines for handguns - except possibly the zombie apocalypse, which isn't coming. If a person is in a situation where a 30-round mag is warranted, a handgun would be the wrong weapon anyway.
    20 Feb 2013, 08:18 AM Reply Like
  • I am for all of those Maya. Guns, pot, prostitution, and gambling. Daddy should not tell me what I can do now that I am 18 and able to go die for my country. Not that I partake of 3 of those but no one should tell you or any other adult they can not.......Sorry I missed most of this conversation but I was boiling maple syrup till 12:30 this morning....ummm and maybe had a few beers.
    20 Feb 2013, 10:03 AM Reply Like
  • IT "I am against 100 round drums"


    So you would also be against fast cars? Porsche, Ferrari lamborghini , etc....Toys for responsible adults with money. Just like drum mags.


    There are machine guns owned in our county but you never hear of them being used in a crime. Here is where they are used by responsible adults doing what they want to do not what some politician allows them to do.

    20 Feb 2013, 10:11 AM Reply Like
  • "but I see no practical use or need "


    Again, its not about one person determining another person's need. That's what dictators do. Its about want, and if there is a large want for a product, the costs of banning it will be more than the costs of having the product. Where these cost structures lie can only be determined by a market. That's why in a federalist system, the federal gov doesn't have a say in what people should want or need. A centralized decision maker will not have the advantages of a market to find out where these price points are. That's why the sub political units get to make that decision. This creates a market for gov. Thus the markets where guns are banned and people are being killed left and right suffer massive secession of its citizens where people keep 30 round clips and the killers are quaking with fear (because you basically turn your entire populace into peace officers, instead of relying on a handful of people that can't be everywhere at once).


    However, we can still compromise. Let's just have gov ban all guns from criminals, and if they can stop that, then we can move on to thinking about a discusion banning guns from citizens that pose no threat.
    20 Feb 2013, 10:24 AM Reply Like
  • Top 10 murder weapons used in America. Note that 75% of the firearms are used in gang related killings....ummm criminals that we should ban them from having weapons first as hoop said. I agree.

    20 Feb 2013, 10:41 AM Reply Like
  • And think about how much gun violence is related to the efforts to BAN certain drugs. If banning worked, then we could point to the drug war as an example of eliminating the product from society. Just because you want to ban something, doesn't mean you can afford to enforce the ban to make that happen. How many more people do we want in jail?
    20 Feb 2013, 10:53 AM Reply Like
    20 Feb 2013, 02:06 PM Reply Like
  • Again, its not about one person determining another person's need. That's what dictators do.


    Any place people can vote, they can decide whether they value one small groups want for silly things, versus a larger groups desire for a safer world. Voting can seem like coercion when you get outvoted - but it's coercion by consent.
    20 Feb 2013, 05:32 PM Reply Like
  • "groups want for silly things, "


    So I guess a vote is what determines what is silly? So, I guess if one group decides another's group's desire for liberty is silly, then they can just vote them into slavery. In fact that's exactly what happened in the slave economies promoted by Europe's highly regulated and taxed economies.


    If this were 1850 jpau would be outraged that any of us would want the slaves freed because after all they had a vote and it was just silly for someone like an irrational slave to want their freedom. Why, they wouldn't know what to do with it.
    20 Feb 2013, 06:13 PM Reply Like
  • No, votes determine what the majority of society wants at a given point in time. Is it always right, obviously not - but that's the system we have. Clearly, Springer was right, there is truly no point in conversing with you.
    20 Feb 2013, 11:59 PM Reply Like
  • So if we vote to enslave people, you would accept that? Sounds like you want to live in a bubble of confirmation bias as well.
    21 Feb 2013, 05:55 AM Reply Like
  • Sounds like you just want to attribute things to other people that they (in this case I) clearly haven't said. I can't deny that there is some unfortunate history even in this country. But I'm not going to waste everyone's time trying to argue that with you. Maybe you should watch the footage from the Russian dash cameras; I'm thinking if you just add guns, it looks like the libertarian paradise you long for.


    Please go back to wasting our time with your standard posting format:


    Blah blah coercion
    Blah blah free market
    Blah blah coercion
    Blah blah gov
    Blah Blah (repeat 20-50x)
    21 Feb 2013, 07:38 AM Reply Like
  • "I can't deny that there is some unfortunate history even in this country."


    Exactly, but your previous point was that if people voted for something then that's how we decided to do things. If that is your stance then you can't say there were unfortunate things that happened. You just have to accept them. Clearly you dont', thus you don't believe voting establishes morality. In which case you are entirely correct.


    Morality is not established by votes, because people will vote to steal and hurt their neighbors. That's how you get unfortunate events. Reason is what establishes morality, and we use reason to figure out how we can use the democratic process to protect morality. Morality is just a set of rules we reason out how to improve our standard of living, and improving our standard of living rests on two basic principals. You don't hurt yourself and you don't hurt others. Thus you democratic process should be designed on those two principals, which you arrived at via reason.


    This is the problem I have with you people like Springer. You want to speak in platitudes based on specious reason because that what your gov school taught you to do, because the incentive structure of a gov school is to teach you to be compliant and to make excuses for stealing. You don't base your arguments on reason. You just assume you know better, thus everyone is silly if they disagree. This creates a confirmation bias bubble you need to live in, and if it ever gets pierced you need to run away by saying, "I not going to argue with you".


    So I will let you get back to your standard format which is


    Blah blah "Bush's fault"
    Blah blah "Anyone that disagrees with me just doesn't want to compromise"
    Blah blah "If we vote to take our neighbors property, then that's OK"
    Blah blah "As long as gov claims to have good intentions, it should be able to do whatever it wants, especially if it delivers my neighbors property to me"
    Blah blah "repeat 20-50x everything I learn from Avatar, MSNBC, and Dancing With the Stars"
    21 Feb 2013, 08:27 AM Reply Like
  • Maya


    So you are expecting a summer pullback then a rise in the markets, if i understood you correctly?
    19 Feb 2013, 05:26 PM Reply Like
  • IT: Yes. It has happened three or four years in a row, and I believe it will happen again. But let's be correct; my guess is that it will be a summer bottom. When the correction begins, if it does, will be sooner than summer.


    DOW 17,000 by 2016 really isn't some huge, dramatic move upward. In fact, it's more just a historical trend of about 7% per year. Not a lot to ask. Especially since we've been trending up around 23% or so per year on average since March 09'.


    I can easily quibble that the DOW will be higher or even significantly higher than 17,000 in the year 2016. Easily.
    19 Feb 2013, 05:38 PM Reply Like
  • Maya, I think you are close to being correct. There is an article out where even the rich are not selling out now ...even knowing a correction will come....they have missed out for 3 years and watched the mkt. go up & up.


    Of course there is always a caveat such as the tsumani in Japan or failure to dodge the sequester in March.
    19 Feb 2013, 06:02 PM Reply Like
  • It was the summer because that's when qe ended. This time qe has no end. Thus you need something else like more income taxes more regulations or much higher commodity prices.
    19 Feb 2013, 06:03 PM Reply Like
  • hoops: Or, sequestration, or that we are triple topping since the year 2000.
    19 Feb 2013, 06:38 PM Reply Like
  • It will depend on the volume as well. Sequestration is pretty small. So are the recent taxes on the rich. The biggest macro changes on the horizon are ocare and df. Those don't really impact until 2014. We might get some emotional based pullbacks in 2013, but I am looking for 1600 on s&p and 2.30 on the 10 yr in 2013. Then I wil reevaluate.
    19 Feb 2013, 06:55 PM Reply Like
  • JH


    Does anyone forsee higher commodity prices soon? I, for one, believe we won't!
    20 Feb 2013, 01:24 AM Reply Like
  • Maya


    Thanks, and hope were on better terms now as well. I have learned a valuable lesson with my wording!!
    20 Feb 2013, 04:12 AM Reply Like
  • Maya


    I might add no concern if they do end QEi...Which i don't see how they could..But if they do then do you change your outlook?
    20 Feb 2013, 04:34 AM Reply Like
  • Anyone wanting to buy ammo, guns or reloading equipment your outa luck. Investments on the other hand might be something to look at.


    Report from Guns & Ammo


    S&W: Running at Full capacity making 300+ guns/day-mainly M&P pistols. They are unable to produce any more guns to help with the shortages.


    RUGER: Plans to increase from 75% to 100% in the next 90 days.


    FNH: Moving from 50% production to 75% by Feb 1st and 100% by March 1.


    Remington: Maxed out!


    Armalite: Maxed out.


    DPMS: Can’t get enough parts to produce any more product.


    COLT: Production runs increasing weekly...bottle necked by lack of bolt carrier’s.


    LWRC: Making only black guns, running at full capacity...can’t get enough gun quality steel to make barrels.


    Springfield Armory: Only company who can meet demand but are running 30-45 days behind.


    AMMO: Every caliber is now Allocated! We are looking at a nationwide shortage of all calibers over the next 9 months. All plants are producing as much ammo as possible w/over 1 BILLION rounds produced weekly. Most is military followed by L.E. and civilians are third in line.


    MAGPUL: Behind 1 MILLION mags, do not expect any large quantities of magpul anytime soon.


    RELOADERS: ALL Remington, Winchester, CCI & Federal primers are going to ammo FIRST. There are no extra’s for reloading purposes... it could be 6-9 months before things get caught up. Sorry for the bleak news, but now we know what to expect in the coming months. Stay tuned, we’ll keep you posted...
    19 Feb 2013, 05:59 PM Reply Like
  • DG




    The shelves are empty for ammo in Upstate NY...If i am lucky to find anything i buy as much as i can!!
    20 Feb 2013, 04:17 AM Reply Like
  • CAUTION: Colt is operated by the labor gangs....
    24 Feb 2013, 02:48 PM Reply Like
  • Just saw a guy off the freeway ramp with a sign, will work for bullets!
    24 Feb 2013, 02:50 PM Reply Like
  • The Brits are starting to get it. Check out this youtube song

    19 Feb 2013, 06:08 PM Reply Like
  • Guns: Hilarious! (For now on, I'm going to start calling shopping carts: trollies.)
    19 Feb 2013, 06:45 PM Reply Like
  • Mercy & WT, summer is "usually" the low point for the PM's and that drop "usually" starts in March. March is often the high point prior to the summer sell off. PM's seem to follow the sell in May story line. This sell off is unique being so early. I think Mercy has the 3 most likely reasons listed but manipulation would be my first on the list.


    They recently even reduced margin requirements so maybe that was to allow more shorts with less money. Sorry its a copper colander thingy....
    20 Feb 2013, 10:49 AM Reply Like
  • Spot gold @$1594/oz at this hour. TA suggests it may go lower: "An ultra-bearish technical formation on gold charts suggests a further pullback could be on the way..."


    Last death-cross ushered in a 10% drop in 25 days.
    Funny how increased government buying of gold coincides with dropping prices -- must just be a coincidence [sarcasm]. Suspect good times ahead for buying more IMHO.
    20 Feb 2013, 06:42 AM Reply Like
  • Mercy-
    Do you feel that the gold drop is reflective of a coming short term drop in inflation or independent of same?
    I wonder if silver and platinum share the same trend lines as gold this time around.


    20 Feb 2013, 08:28 AM Reply Like
  • Good question WT.


    My own assessment is that the temporary drop in gold prices is a function of a) profit taking ahead of anticipated pull back across the board b) manipulation by the powers that be and c) the safe haven USD preference artificially containing inflation (short term.) I do think we can see even lower prices before summer.


    I personally am even more bullish on silver, but don't know much about platinum. And recently I have been playing streamers rather than miners ( e.g. SLW, SAND).


    What's your take?
    20 Feb 2013, 08:49 AM Reply Like
  • Thanks, Mercy-


    I too look for the lower cost operations. Don't know too much about streamers tho.


    I believe that Kinross, KCG is the best of breed although I'm sure there are many smaller players out there. I'm not savvy enough to ferret them out though since many are still growing and operating at losses.
    My feel on gold pricing is a drop down to the low $1500s until we see a significant tick up on "official CPI" numbers.


    20 Feb 2013, 09:53 AM Reply Like
  • WT - I took a loss on KCG some time ago. It now has a better value price, if you have confidence in their management.


    BTW -- SLW just hit $33.01 -- but I want more closer to $31.
    20 Feb 2013, 10:32 AM Reply Like
  • Mercy-
    Check out WITE, a basket of silver platinum and paladium. they just took a hit with all the rest to drop below the 50 and 100 MA.
    Might be an interesting opportunity. Check out a long term chart w/ gld & slv.


    20 Feb 2013, 11:37 AM Reply Like
  • Mercy-
    PICK is a more volatile contender but does outperform recently. Both PICK and WITE outperform silver. That platinum and paladium addition seems to add good stuff.


    20 Feb 2013, 11:54 AM Reply Like
  • Thanks WT will take a look.
    20 Feb 2013, 01:34 PM Reply Like
  • I'm probably early, possibly wrong, but I started a position in SAND today; added to KGN, added to NCQ. Also added some DVN and APA on the drops. Started a position in IDIX yesterday.
    20 Feb 2013, 05:40 PM Reply Like
  • WIND


    Where do you see gold and silver heading from a TA standpoint?
    20 Feb 2013, 06:43 PM Reply Like
  • IT-
    I believe that the actual metals will drop a bit with gold probably down to low 1500s but I think silver will be more resilient, maybe down to 26, maybe 25. I think both will be temporary corrections though as inflation is not far off. As we all know inflation has reached us already although the CPI formula permits the manipulators to continue to be in denial. With Germany pulling its gold in house I see some serious action ahead. Perhaps they perceive a run on the Fort Knox holdings and they want to be sure they get theirs in their own vaults.


    I don't think that they will fly the stuff back to Germany so the only thing they might have to worry about is Somali pirates.


    The miners already got hammered so I am a little more sanguine about their immediate possibilities. I don't know much about the streamers but others on the board surely do.


    20 Feb 2013, 08:36 PM Reply Like
  • WIND


    I agree with you. It's funny that the commodities are getting hammered probably to cover the shorts...One last time!!


    My gut says that we now have a panic going. The FEDS minutes coming out and crushing the markets on the same day that the commodities were getting crushed has a nasty smell to it!!
    21 Feb 2013, 03:02 AM Reply Like
  • That posted in the wrong spot!!! Fat fingers?


    Mercy & WT, summer is "usually" the low point for the PM's and that drop "usually" starts in March. March is often the high point prior to the summer sell off. PM's seem to follow the sell in May story line. This sell off is unique being so early. I think Mercy has the 3 most likely reasons listed but manipulation would be my first on the list.


    They recently even reduced margin requirements so maybe that was to allow more shorts with less money. Sorry its a copper colander thingy....
    20 Feb 2013, 10:50 AM Reply Like
  • PM's morning slam is right on schedule, spell that m-a-n-i-p-u-l-a-t-i-o-n.

    20 Feb 2013, 11:09 AM Reply Like
  • Doubleguns-



    Looks like a bailout OK.
    Maybe Soros and others spooked 'em.
    20 Feb 2013, 11:58 AM Reply Like
  • Caterpillar sales crater. Indication=global slow down.



    US slowdown not just a walmart issue.

    20 Feb 2013, 11:11 AM Reply Like
  • OK, last post on this for now. I think my nerve got hit or something serious like that......


    Why does our govt want targets of pregnant women to shoot at as "no hesitation" targets?


    I would like to keep all asult rifles, drum magazines, 30,40,50 round clips and bulk ammo sales intact here in Amerika. Something is bad wrong here and you only need to take a look at this to see it.


    I know its on infowars but the other media doesn't care.

    20 Feb 2013, 11:28 AM Reply Like
  • "assault"-should really look into that spell checker with the 100 round drum.
    20 Feb 2013, 11:49 AM Reply Like
  • Goes with "APEPPER"?
    21 Feb 2013, 09:03 AM Reply Like
  • Sequestration being preached as a horrible thing.....but its an under 3% cut in spending. Really? There is not that much waste in govt!.


    Both partys will spend us blind they just have different shopping lists, and now you see them reacting to a teeny tiny little cut in spending like the world is coming to an end.


    The real kicker is it is not a CUT IN SPENDING, its a CUT IN GROWTH or increased spending. The level of spending is not going down by that amount. Spending actually will still go up.


    The INCREASE IN SPENDING is just not going up as much.


    We will never get control of the out of control spending with these two partys in charge.


    We need to keep sequestration if we are going to get any control on spending which controls the deficit.
    20 Feb 2013, 11:35 AM Reply Like
  • I think we should sequester all politicians.
    Let 'em eat cake.


    20 Feb 2013, 12:00 PM Reply Like
  • WT, you are too generous. Why feed them. This song is how I would handle the politicians. The song link is followed by the lyrics



    Rake at the Gates of Hell
    By Shane MacGowan (1987)


    I'll be with them asleep and dreaming
    I'll be there when they wake with screaming
    At the hour of death then I will nurse them
    To have a moment more to curse them
    Watch the maggots crawl out of them
    Hear the angels call above them
    Watch them as the cold air sucks them
    Down to hell, goodnight, God love them
    If any should escape above me
    Beg and cheat until they trust me
    Drag them down to be damned with me
    Laugh at them as they forgive me


    Mother's eyes are sparkling diamonds,
    Still the moon shows no light
    This rose is withered, may God deliver
    The rake at the gates of hell tonight


    I wish that they could walk forever,
    On the earth, alone, unfettered
    Til they pray for consolation,
    Til they beg for sweet damnation
    Then I'll come and bring them water,
    Bring them hope, bring them laughter
    Raise their hopes so sad and sunken
    Slash them up as they lie there drunken
    Push them down into the foul mud
    ‘Til they choke up on their own blood
    Drag them out before their last breath
    To take away the mercy of death


    Mother's eyes are sparkling diamonds
    Still the moon shows no light
    This rose is withered, may God deliver
    The rake at the gates of hell tonight


    Mother's eyes are sparkling diamonds
    Still the moon shows no light
    This rose is withered, may God deliver
    The rake at the Gates of Hell tonight


    Mother's eyes are sparkling diamonds
    Still the moon shows no light
    This rose is withered, may God deliver
    The rake at the gates of hell tonight
    20 Feb 2013, 02:19 PM Reply Like
    20 Feb 2013, 03:08 PM Reply Like
  • An old Cherokee saying:


    "Vengeance is the best revenge".
    20 Feb 2013, 03:19 PM Reply Like
  • TB-
    You are absolutely on point- Now if I could only direct that theme appropriately!


    21 Feb 2013, 09:06 AM Reply Like
  • Feed them lead, instead...
    24 Feb 2013, 02:55 PM Reply Like
  • Keep an eye on this site for news of a hedge fund blowing up today.

    20 Feb 2013, 12:22 PM Reply Like
  • Nice recap of today by ZH. Anyone else's backside feel blistered. My VIX has suddenly come back to life however. I should have been trading it rather than hedging with it. The moves these first two months have been neeeeeeeeerve racking.

    20 Feb 2013, 04:55 PM Reply Like
  • This made me think that the recent pullback in non ag commodities may be because hints of QE pullbacks in the minutes had been leaked. Maybe there is a purposeful plan to jaw bone down such commodities in an attempt to keep pushing liquidity into equities risk assets. If so, that doesn't seem to be working too well for them either. Overall though, when you read through the minutes and Congress Q&A with BB and other things BB has said, between the lines there appears to be a hatred for PMs. As such, even though it hurts equities to jawbone down PMs by suggesting QE is always on the brink of being ended, they will still do it because they want PMs bid down more than they want equities bid up.

    20 Feb 2013, 05:04 PM Reply Like
  • I reviewed my thoughts on Gold today, and this is what I posted recently on the topic:


    "$1600 is an obvious stop loss wall. Once reached it is likely to precipitate a down spike as too many sell orders are generated against current demand...


    Soros and others have been moving resources out of gold and into their new playground amid the European bond comedy. There they can play off their usual political victims against one another in ways which are difficult to achieve via gold...


    I would not be shocked to see $1500-$15xx for gold for a while as it probes for support. I would be surprised if we saw a big down spike to the $1400's WITHOUT a dramatic improvement in the political situation with the Euro, or a big increase in the value of the US$ (both events possible, of course, but IMO unlikely short-mid term).


    I would consider Gold a buy at either the low $15xx's OR $1650 if the recovery shows good breadth. "


    Looking over today's charts, I expect Gold to trade flat until the Asian markets take over, at which time it could move upward a little to about $1570.


    A pattern between the low $15xx's and the high $15xx's could march on for some time, while the hedgies re-establish their firewalls. The picture of central banks talking down gold while simultaneously buying it by the tonne SHOULD be a cautionary note to the ETF retail investors, but I expect them to panic en mass, as their owners at the 2Bigs require.


    It will take about 3 weeks to a month for the 2Bigs to rescue their deep short positions, after which we can expect a quick buying spree as they shift long.
    20 Feb 2013, 05:24 PM Reply Like
  • Monday is options expiration. Friday could be the best day to buy. Monday prices should start back up. This is what I think is going on short term.


    Physical sales are hugely up Feb 13 sales already exceeded Feb 12 sales. If they can get folks to sell out now and roll over the contracts maybe delivery will not be an issue. I am beginning to think possibly this is a sign that physical demand is getting tight so they have to manipulate the price down to get folks to sell contracts and not take delivery.


    Hedgies are taking a lot of the short contracts however not the 2bigs. Strange.
    20 Feb 2013, 07:03 PM Reply Like
  • London will be the probable epicenter when the manipulation becomes apparent.
    20 Feb 2013, 08:25 PM Reply Like
  • So we have another sell off in the metals..Just makes no sense to me..Gotta think the Fed is behind this right now..


    Long term i am looking bullish for silver as well..
    20 Feb 2013, 06:43 PM Reply Like
  • Investors seem to have a problem with breaking through and closing above 14k !!!
    20 Feb 2013, 06:43 PM Reply Like
  • Non-agricultural commodities sell off sharply across the board. GLD -1.4%, SLV -2.3%, USO -2%,...
    Wednesday, February 20, 11:28 AM ET
    Non-agricultural commodities sell off sharply across the board. GLD -1.4%, SLV -2.3%, USO -2%, JJC -1.1%. Lumber futures -2.5%. Chatter circulates of a troubled hedge fund being forced to exit. Broad commodity ETF: DBC -0.9%.


    A hedge fund blowing up ?
    20 Feb 2013, 06:44 PM Reply Like
  • A commodity hedge fund blowing up is a rumor going around. That site keeps tabs on the blowups so that is where to keep posted on it.
    21 Feb 2013, 10:37 AM Reply Like
  • This has to affect companies bottom line in that state as well as on line purchases...People would love to work, but where are the jobs!!



    My 2 cents..
    20 Feb 2013, 06:44 PM Reply Like
  • WOW...


    Looks like the market didn't like the FOMC minutes huh!!


    I posted a long time ago we were on fragile ice..Lets see what happens from here...
    20 Feb 2013, 06:45 PM Reply Like
  • intersting read on gold.

    20 Feb 2013, 07:04 PM Reply Like
  • Don't expect fed tightening yet, but the talk of it will quell the speculation in stocks and probably ignite a correction, then when the meeting is over the rally will resume till May....sell in May and go away ?
    Timing is just too right for all this.
    20 Feb 2013, 09:48 PM Reply Like
  • To all-
    I offer a theory-


    Now I have to admit that I'm one of those that feel strongly that Oswald was not acting alone. So with that mindset out in the open I offer the following:


    We've all been wondering what BB's thinking is with feeding all the QE bucks into the system through the banks, that are not lending since there is no demand for money- Doesn't make sense, does it? The Fed is just a conduit between collecting money and distributing it- they don't "buy" anything. So how is this Fed activity helping with the "recovery." Banks appear to be holding the cash until interest rates increase- Maybe.


    Most economists feel that another recession is imminent in the US- supported by most of the data, still the markets plow onward and upward seemingly oblivious to what's going on around them.


    What if.................... what if all the bad news that has taken place over the last couple of years, the Euro mess, the earnings drops, mortgage foreclosures, austerity in Greece, Spain, Ireland along with increasing unemployment, lower labor participation rate, Britain back in recession along with Germany, yadda, yadda, yadda on and on doesn't seem to have any lasting effect on Mr. Market?


    What if, every time another event might have caused excess angst among the public the big banks jumped in and bought a wad of shares? Just enough to keep things running according to the great scheme of manipulation. Is it really the FED buying all that stuff through the banking system just to keep the illusion of progress in place? That would certainly answer a lot of questions wouldn't it?


    21 Feb 2013, 09:35 AM Reply Like
  • Author’s reply » New QC:
    21 Feb 2013, 10:22 AM Reply Like
  • Just stopped in to visit after an invite from Interesting Times.
    Lotsa interesting thoughts.




    "Is it really the FED buying all that stuff through the banking system just to keep the illusion of progress in place?"


    I think you are on the right path with that idea. Europe is a much bigger mess than the MSM talks about. The Fed is continuing to bail out their banks.


    The failure comes when something pops that is just too big for even the Fed to backstop. Until then, party on...
    23 Feb 2013, 05:31 PM Reply Like
  • like it's 1999....
    24 Feb 2013, 03:01 PM Reply Like
  • Does anyone have a link to an index for the market breath ?


    Thank you in advance....
    27 Feb 2013, 03:32 PM Reply Like
  • blueice-


    This site will produce any data information that you can think up.



    God luck-


    28 Feb 2013, 08:37 AM Reply Like
  • Good link WT, thx.
    28 Feb 2013, 09:38 AM Reply Like
  • On behalf of Ms Mercy and meself, thank you most kindly for the excellent link, Trader!
    28 Feb 2013, 10:58 AM Reply Like
  • Mercy & blueice
    Glad I could help!


    Big Charts has many capabilities in analytics as well- Probably all if you subscribe and pay a fee-
    I'm 'frugal' though ;} Those that know me say 'cheap'


    28 Feb 2013, 12:23 PM Reply Like
  • (CPST): "Capstone Turbine Adds U.S. Coal Bed Methane Market to Its C200 Applications"



    About time - the Aussies have been leading us in this area for several years using Cappies!


    28 Feb 2013, 09:49 AM Reply Like
  • I am also happy with this result, HTL. Mostly because of my CPST holdings.


    There have to be billions of cubic feet a year of vented methane from old and unused mines in the USA that could be used for essentially "free fuel" electricity generation. For the greens, waste methane burned into CO2 and water has a much lower greenhouse gas footprint then the same methane leaking into the atmosphere. Any electricity produced is another fuel not needed. Gain for everyone.


    I wonder if anyone has investigated technology for "seeding" old mines to increase methane production. Is it a biological process? Could selected bacteria and "fertilizer" to speed it up ?


    Almost makes you want to buy property with an old, abandoned coal mine on it and become an independent power producer. Hummm, could there be any money it that? A company that re-purposes abandoned mines? Could you get paid for eliminating the methane emissions by some entity? Borrow money and pay it back with electricity revenues over x years?
    28 Feb 2013, 04:12 PM Reply Like
  • fannie mae profit ... look what some wanted to do with it instead of paying off debt

    3 Apr 2013, 05:03 AM Reply Like
  • Which is like saying, if you got rid of the aristocracy, then they wouldn't be making profits at the expense of everyone else. Profits are good for the economy, ergo an aristocracy is good for the economy.


    Question. Who owns Fannie and Freddie? Another question. Who owns the stock of the Federal Reserve, but to whom does the Federal Reserve turn its "profits" over to?
    3 Apr 2013, 07:15 AM Reply Like
  • (CPST): Added at $0.87, my target, yesterday. More to get. If price holds here or better, will get a golden cross in the next few weeks. If price starts up as I expect, it will come sooner.


    Last time we had this in Jan '11, during an uptrend, we were around $1.14, IIRC, when the cross occurred and pps hit $2.14 in March. A similar percentage move here would suggest we could get at least $1.7x.


    Any catalyst would be a plus.


    CAVEAT: to avoid de-listing on the NASDAQ, need 10 days above a dollar. Hasn't been able to do it yet. I'm expecting resistance to appear around $0.94/$0.95 with today's readings. Simple reversion to the mean suggests $0.93 should be seen without much drama. This is also in the area of some prior resistance, but it doesn't appear strong as it's only been tested a couple times.


    MHO and always new and learning,
    3 Apr 2013, 07:38 AM Reply Like
  • I re-established a small position (2k) yesterday at $.877 and considering another bid today at lower price.
    3 Apr 2013, 09:23 AM Reply Like
  • Re: CPST. I added 1k at $0.88 yesterday. Order in for another 1k at $0.84


    I am still very much underwater.
    3 Apr 2013, 12:50 PM Reply Like
  • Re: $CPST


    Trying to bid the Ask/Bid split at $.888 and get no takers!!
    People are holding on.


    5 Apr 2013, 09:47 AM Reply Like
  • Re: $CPST- 09:50 5 April


    Just filled at $.888


    5 Apr 2013, 09:49 AM Reply Like
  • >SHB-


    Hang on!


    $2.00 by May 15


    5 Apr 2013, 09:50 AM Reply Like
  • Last week I mentioned on-going shortages in platinum group and long term opportunity in that sector. Rick Rule of Sprott was interviewed and addressed this topic:
    3 Apr 2013, 08:36 AM Reply Like
  • >OG-


    Nice interview w/Rick Rule. I took a position in $PAL-


    Interesting that they just sold their Gold business- Concentrating in the PGMs, I suppose.


    How do you feel about owning the metals?


    6 Apr 2013, 12:20 PM Reply Like
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