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Doc 224899

Doc 224899
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  • Copper Makes A Move - Is Copper The Next Oil? [View article]
    Even when the Mongolian "government" leans favorably towards TRQ's/RIO's mining projects for copper and gold, it doesn't seem that any sustained progress is able to get a foothold.

    I have given up trying to second guess Mongolian mining projects, though managed to take some profits when IVN was the miner.
    Jan 14, 2015. 11:33 AM | Likes Like |Link to Comment
  • Copper Makes A Move - Is Copper The Next Oil? [View article]
    CommonSense makes a good point about factors influencing Chinese Copper imports.

    Another factor driving down copper prices will be the Chinese copper mining project in eastern Afghanistan, which is predicted to add about 30% to Chinese domestic copper production.

    This will reduce Chinese copper imports from ex-China international sources at the same time that Chinese copper demand due to "make work" projects will taper off.

    Global copper prices and futures will eventually reflect this "perfect storm" pulling copper down.
    Jan 13, 2015. 08:11 AM | Likes Like |Link to Comment
  • Gold - Why This Geopolitical Issue Is Different (Part II) [View article]
    No, Deb.

    Iran (shia) is rising against ISIL (sunni), as a reaction against Abu Bakr al-Iraqi claiming he is the new caliph over all the Muslim world. It's just a predictable turn of events in the global inter-sectarian Muslim jihad to restore the caliphate.
    Aug 29, 2014. 01:40 PM | 1 Like Like |Link to Comment
  • Gold - Why This Geopolitical Issue Is Different (Part II) [View article]
    Good comment: Crimea is Putin's Sedetenland.
    Aug 29, 2014. 01:35 PM | 4 Likes Like |Link to Comment
  • Gold - Why This Geopolitical Issue Is Different (Part II) [View article]
    Hitler rose to power in Germany by a democratic election, so democratic elections aren't a reliable guarantee of governmental legitimacy.

    Aug 29, 2014. 01:34 PM | 2 Likes Like |Link to Comment
  • Breaking It Down: Smith & Wesson Holding Corporation Q1 2015 Earnings Call [View article]

    Good point. S&W used to have some piddling little ammo business, but their manufacturing and corporate HQ is in the Chicago area, a particularly hostile environment for businesses that require respect for the 2nd Amendment. Among the laws in Illinois that would make S&W shy away from producing ammo is a statute that prevents ammo purchases by any Illinois resident who doesn't have a state Firearms ID card, like a driver's license, and that supposedly applies to private, person-to-person exchanges of ammo. Looking at crime in Chicago, those laws don't seem to have prevented bad guys from blasting away at human targets.

    S&W needs to move its HQ to a more firearms-friendly state.
    Aug 29, 2014. 11:36 AM | Likes Like |Link to Comment
  • Stocks hang on to gains as consumer spending posts surprise drop [View news story]
    The drop in consumer spending is not a surprise to those of us in America's forgotten heartland who have quite seen anything even vaguely resembling an "economic recovery".

    I used to be amused every time Larry Kudlow used to ask if anybody knew what was going on in America's heartland, economically. I would have told him, if there had been any way for me to tell him directly, but his email address and phone number never made it to my inbox. :-)
    Aug 29, 2014. 11:03 AM | Likes Like |Link to Comment
  • Protecting The Dollar: Response To A Comment [View article]

    You mentioned turning your back on having no choice but to learn a new language every couple of years, while you were still working.

    Medicine has its own language, and its own vocabulary, which changes every day with new literature and new discoveries in science.

    Imagine trying to be a doctor in the VA when the VHA changes the computer hoops you have to jump through every couple of months whenever some young yes-man who knows nothing about medicine and nothing about computer applications in medicine trotted out some new computerized "improvement" that nobody understands, that doesn't work, that nobody can tell the doctors how to make it work.

    All the brightest and best IT guys have bailed out of the VA, or are planning to exit the VA, and they will be replaced by younger, less expensive, more obedient, less experienced IT guys who have never done anything in the real world yet, and they're are too ignorant to protest that, "Hey! This is stupid. It won't work. It's un-workable!"

    This is why the Obamacare roll out still doesn't work, and why the VA can't take care of veterans, among other reasons.

    Changing the stuff on the computers doesn't improve things. It just creates a record that administrators can use to prove they did something to earn their salaries.
    Aug 29, 2014. 10:52 AM | 2 Likes Like |Link to Comment
  • Where Are The Opportunities In U.S. Health Care? [View article]
    Re: "over-taxed medical staffs"

    Physicians are fleeing from the practice of medicine already, as the government increasingly makes practice environments more un-survivable. This race for the exits will increase in the next months and years.

    The future of healthcare investments over the next 20 years, just to cover the sweet spot of boomer life expectancy, will be more about success or failure to make the practice of medicine an attractive profession, and less about technology.
    Aug 28, 2014. 04:15 PM | Likes Like |Link to Comment
  • Protecting The Dollar: Response To A Comment [View article]
    You wrote: "That is, the goal is to insure, as well as they can, that if people become employed, they are put back, as soon as possible, into the jobs that they were formerly employed in."

    The current flood of physicians leaving the practice of medicine (due to the government ruining practice environments) will rapidly result in a national crisis. After a period spinning this phenomenon as being about "bad", "greedy", "uncaring" doctors, it may actually be understood for what it truly is about: there are real problems in the world that only get worse when legislators and lawyers get involved.
    Aug 28, 2014. 04:04 PM | 2 Likes Like |Link to Comment
  • Gold - Why This Geopolitical Issue Is Different (Part II) [View article]
    That comment is on target.

    China and Russia have talked for years about a pan-Asian reserve currency that would erode the USD's reserve currency status, and this is one more step in that direction.

    Last year China agreed to trade with Australia in a direct exchange of Australian dollars and yuan.

    As the USD looses reserve currency status, the nation's consumer economy will rapidly constrict as the cost of imported goods and materials sky-rockets.

    The only thing that has prevented rapid hyperinflation in the USA is the reserve currency status of the USD. If it loses that status, the American consumer will be powerless and the US economy will instantly contract like so much shrink wrap.
    Aug 28, 2014. 03:52 PM | 3 Likes Like |Link to Comment
  • Breaking It Down: Smith & Wesson Holding Corporation Q1 2015 Earnings Call [View article]
    The 67.2% decrease in long gun sales, year on year, was because of a one-time-only surge in long gun market demand in the previous year quarter.

    S&W has indeed been caught in a market crunch engendered by legislative hostility towards potential customers.

    The company needs to move its headquarters to a legislatively friendly state. Just about all the competition has done so already.

    The company should emphasize revolver sales: happy customers shooting fine revolvers burn up less ammo that will cost them less to enjoy a day of shooting.

    The company should not panic about slowed sales of weapons that can spew high volume fire from large capacity magazines: that inventory has already been paid for, so think of it like money in the bank - and the next scare about restricted availability of semi-automatic weapons or the next scare about urban riots will drain that inventory quickly.

    Aug 28, 2014. 03:40 PM | Likes Like |Link to Comment
  • Judge clears way for mortgage lawsuits against HSBC and Nomura [View news story]
    The cost of legal services has spiraled out of control.

    Another judge, Denise Cote, has ruled that more greedy litigators can skim huge fees off the top from the big bad HSBC.

    Why? No reason other than litigators want fees, and the politics of envy and victimhood.
    Aug 28, 2014. 03:18 PM | Likes Like |Link to Comment
  • Chevron Should Form A Midstream MLP To Unleash Shareholder Value [View article]
    OK, it's a "holding company", that holds Linn Energy stock. It issues monthly dividends, and is bumping along at an estimated yield of 9.6%.

    ...and no K-1.

    Now, some of you may be looking for excuses to have more of a dialogue throughout the year with our national taxation folks, and K-1's give you that opportunity as they issue revised annual reports about the most recent tax year and you, in turn, have to issue revised K-1's. Or you can file late every year, around October, to capture all the information your MLPs and REITs might have issued with their revised annual statements about the previous year's data between the end of the tax year and 10 months after the end of the tax year. And, if you file quarterly, all those K-1s give you more to keep busy with, or give your tax guy more work on his part to bill you for. Go ahead, why not give your portfolio 5 or 10 MLPs and REITs, and file K-1s for each one? ....Or, you might want to do something else with your life and just quietly accumulate dividends that don't require all that hassle, that don't expose you so prominently to our national tax people.
    Jul 14, 2014. 11:47 AM | Likes Like |Link to Comment
  • Bakken Update: Matador's New Frac Design Heads To The Permian [View article]

    Awesome presentation!

    Where's broker?

    Jun 24, 2014. 03:07 PM | Likes Like |Link to Comment