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losbronces

losbronces
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  • The opening of trading of Herbalife (HLF) shares has been delayed, pending news. [View news story]
    KPGM resigns as auditor. The only question now is how low this will go when it does open.
    Apr 9, 2013. 09:58 AM | Likes Like |Link to Comment
  • A Johnson-Less J.C. Penney Is Still Dead In The Water [View article]
    When Ackman openly criticized Johnson, you had to know he was done.

    Ackman has a hand in this disaster. I suspect he is getting desperate too.
    Apr 9, 2013. 09:51 AM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Amazing isn't it? But then the increase in the family wealth during the two presidencies could also be viewed as inconsistent. And then there were the suitcases filled with cash from Venezuela, the efforts to silence Clarin by whatever means possible, killing the beef industry with export freezes, etc.

    Here is an article about the plane from Bloomberg: http://bloom.bg/108xagu
    Apr 3, 2013. 10:29 AM | Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Argentina now rents a plane from a British company for Cristina Kirchener to fly outside of "friendly countries" to avoid having Tango 1 (the presidential plane) seized to cover debts.
    Apr 3, 2013. 10:18 AM | Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Thanks, I wasn't aware of that.
    Mar 28, 2013. 11:14 AM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    The banks (and other mortgage providers) do run credit checks mainly through three agencies (Experian, Equifax and TransUnion). If the results of those credit checks were unreliable, the banks would soon stop using those agencies.

    If those agencies were grossly negligent in issuing the credit reports, or if outright fraud were involved, then perhaps there would be grounds for lawsuits too.
    Mar 28, 2013. 09:27 AM | 3 Likes Like |Link to Comment
  • Demand Far Outstripping Supply For Undervalued Platinum And Palladium [View article]
    Most Rhodium is produced as a byproduct from molybdenum concentrates. It is a nice kicker for some operations, but I'm not aware of any mine that relies on rhodium credits to stay operating.

    There is rhodium metal available from Kitco: http://bit.ly/XDQHCv . The problem with rhodium (and molybdenum as well) is that the pricing is not very transparent. In my opinion, you won't be able to make much trying to trade rhodium unless there are some wicked price moves.
    Mar 26, 2013. 09:35 AM | Likes Like |Link to Comment
  • Demand Far Outstripping Supply For Undervalued Platinum And Palladium [View article]
    Constitutions can be changed.
    Mar 25, 2013. 01:25 PM | Likes Like |Link to Comment
  • Demand Far Outstripping Supply For Undervalued Platinum And Palladium [View article]
    Argentina is not safe at all. Look at what is happening with Vale and Pan American Silver. And don't forget they took Repsol's share of YPF without compensation (so far anyway).
    Mar 25, 2013. 09:10 AM | Likes Like |Link to Comment
  • Demand Far Outstripping Supply For Undervalued Platinum And Palladium [View article]
    Here is a recent article: http://reut.rs/16RRSVy
    Mar 24, 2013. 02:51 PM | Likes Like |Link to Comment
  • Intel: $48 Per Share In 4 Years [View article]
    Actually, I think its nearly impossible to accurately forecast even a full year out. So many events could happen to effect the ultimate outcome.
    Mar 23, 2013. 02:55 PM | 1 Like Like |Link to Comment
  • Intel: $48 Per Share In 4 Years [View article]
    This is in reference to shops that fabricate microprocessors (chips) for clients based on the clients' own designs. Referring to these custom fabrication shops as foundries has come into vogue for some reason.
    Mar 23, 2013. 02:51 PM | 3 Likes Like |Link to Comment
  • Intel: $48 Per Share In 4 Years [View article]
    Don't forget GS doesn't always talk their own book. At times they are buying while they tell people to sell (and selling while they are telling people to buy). This activity on their part is well documented.
    Mar 23, 2013. 02:48 PM | 19 Likes Like |Link to Comment
  • Cypriot finance minister Michael Sarris says "significant progress" has been made Saturday in discussions with the Troika. Officials appear to be leaning towards a deal which will tax deposits over €100K by 25%. Sarris says a proposal may be ready as early as Saturday evening but some in parliament say a vote may not occur until after Cypriot President Nicos Anastasiades meets with EU officials in Brussels Sunday. [View news story]
    What an incredible statement you make. This is action against one asset class, bank savings. The wealthiest would have been out long before; and it doesn't touch business interests, bond holdings, share holdings, physical metals, diamonds, etc.

    I bet much of it is savings built up over a lifetime of doing with less to provide for the future. Even 200,000 euros is not much if you expect to live on it for 20 years.
    Mar 23, 2013. 02:45 PM | 2 Likes Like |Link to Comment
  • Demand Far Outstripping Supply For Undervalued Platinum And Palladium [View article]
    I checked out the work done on their most advanced property, which is Wellgreen in the Yukon. That property is located partly on Kluane First Nation and Kluane Wildlife Sanctuary and is adjacent to Kluane National Park and Reserve (see Page 20-6 of the report referenced here: http://bit.ly/16PGGJk).

    The report is done in 43-101 format (that is a good thing); however there are no 43-101 Compliant Reserves associated with the report. BTW, my opinion is that Tetra Tech is light on the capital.

    Their other properties are apparently less advanced. This is definitely high risk/high reward territory.

    Having said that, these types of investments can provide very high rates of return (First Quantum is over 2000% up from the IPO by way of example), they can also be taken out by a larger company before the big payday comes or they can certainly go to zero.
    Another plus is what may happen to the existing miners in Zimbabwe and South Africa. Nationalization of those platinum producing properties will lead to reduced metal output (at least it has for every other nationalization, including CODELCO).

    My last comment is that if you are going to buy Prophecy, use the TSX and not the OTC. Pricing will be more transparent and your orders will be filled more fairly.
    Mar 23, 2013. 12:40 PM | 2 Likes Like |Link to Comment
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