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Boxed Merlot

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  • What It Really Costs To Mine Gold: The Alamos Gold First-Quarter Edition [View article]
    gold is an essentially useless commodity...


    One of the most valuable traits I've found it to provide is to serve as a barometer of way people view the stability of the nations in which it's mined. Look how Turkey is viewed in the above article. It's mining provides a unique insight into the thought processes of the nations citizenry and how the rest of the "moneyed" interests in the world view their future prospects.

    When a large / influential constituency feel or promote the sentiments you have described, that also provides a "tell".

    jmo.
    Jun 17 04:48 PM | Likes Like |Link to Comment
  • What It Really Costs To Mine Gold: The Alamos Gold First-Quarter Edition [View article]
    I should know, I have 25 years in the financial sector with a large amount of that time analyzing precious metals miners...


    I would be interested to know what metrics are considered sound.

    I have been interested in this industry since my first exposure in the 1970s and have been fascinated with it ever since the Hunt Brothers and Sunshine Mining's fiasco. The machinations, manipulations and international financial ties to this industry are far less known and at least as impactful as the oil industry imo.

    No other macro economic driver has escaped scrutiny as well as this commodity. Sovereign nations continue to promote their historically earned trust in the world with it by coining "collectibles" that hearken to past successes when the material flowed freely among their citizens as unrestricted currency.

    It's a "commodity" whose obfuscation, demonization and exaltation concurrently exist and the laws regulating it's production, use, and ownership are the essence of fluidity.

    If you have current information that can be used to continue to inform us of the changes in this industry, I'm all ears.

    But then again, I'm not the only one.
    Jun 17 11:59 AM | Likes Like |Link to Comment
  • What It Really Costs To Mine Gold: The Alamos Gold First-Quarter Edition [View article]
    I'm glad to see the use of smelting in your metrics. Can you get into the 90% purity rule and how that relates to taxation in computing dore and finished product? This could have an impact on the bottom line considering where the company ultimately delivers its "payable" gold" and in what form. This is in relation to in "derivatives" exposure too which may or may not show up in its records, but a 20:1 is considered conservative still in this day and age, isn't it?
    Jun 17 08:11 AM | Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    when islamists behead a Canadian soldier on the streets...

    rbf,
    I've seen the link multiple times but still can't bring myself to watch in full. I have a difficult time as it is to get my mind and body to relax in tandem and value what sleep I'm able to steal without my dreams filling in the blanks. Hideous.
    Jun 12 07:18 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Rich,

    I tried to respond to this comment on Wed. 5/12 on WSB but was "redirected", removed actually. I should have made reference to a stock, company or some other nonsense in order to pass security, but I didn't. Oh well. I'll try cut and paste here instead and see if it will go through.

    A couple days ago you made reference to Mr. Clinton in response to a comment I made about not too many “Davids” to be found in US leadership positions now a days. I’d like to think you know it’s not about his adulterous act with Bathsheba nor even his act of having her husband killed, but rather his contrition when presented with the facts of his conduct as they were relayed by an individual who shared his core beliefs but brought him back to a realization of the direction his current path was leading his constituency.

    It seems our current leadership becomes hardened, entrenched, arrogant and accusatory when presented with the inevitable “thou art the man” moment common to all who exercise authority for any length of time. I wish it were not so.


    Anyway, I've noticed a couple other things about yourself in the past couple days, your living in the US previously and being in the army during viet nam. I typically recoil from your posts but will treat them with more respect in the future. I don't want this to sound like "one of them", but seriously, thanks for your service.
    Jun 12 04:34 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Boehner called him "a traitor" also...


    Sure, and the list of board members for the Carlyle group reads like a who's who list of freedom fighters.

    Ok, so let's say their efforts have indeed prevented a "dirty bomb" from being detonated in a US city some time in the past, or they're currently tracking some "developing" personality that would do so given the opportunity, at what cost freedom? Are we willing to say these nefarious activities couldn't be prevented within the framework of an open society as well?

    Seems to me if we're here to seek alpha, shouldn't we just throw our money at this outfit and let it ride, since we know, they will survive in the end and continue to pay their investors regardless of the future of the earth?
    Jun 11 11:29 AM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Who pays $400k+ to a consultanting company to provide a "system administrator"?...


    The US of course. By the way the ubiquitous Carlyle Group's subsidiary Booz Allen claims Eddie only made 122k per year. If he's only been with them, a private sector firm for the last 3 months that would mean he only cost them ~30K (plus relocating expense?).

    You can be sure his profile is now a pattern set up to screen any new candidate which would be a shame, imo, as his interview came across as a person far more realistically concerned for the future of US freedoms than Feinstien's rantings of his actions being on par with Benedict Arnold.
    Jun 11 10:43 AM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    The moderate muslims need to understand courage...


    One thing people in the US still have a hard time wrapping their mind around is how muslim leaders in other countries can lie so obviously and categorically without the slightest tinge of consicience. Remember Saddam Hssein's press secretary?

    We in the US would laugh at his audacity, when in his culture, fellow muslims revered and cheered his lying as virtuous conduct. Their faith has codified the practice of taqiyya since the 7th century whereas Christianity by and large frowns on the practice of hiding ones religious convictions in the face of persecution and values those willing to suffer for their faith.

    Peter was despondent for his denial of the faith in the face of persecution whereas muslims promote the act and celebrate those having the ability to deceive to avoid persecution.
    Jun 10 07:56 PM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Not much of a business at all when you depend this heavily on the government. A staggering 98% dependency... just wow...



    "Guess who OWNs Booz allen ?

    Carlyle Group; where the Bush Family rule and Sarko's brother is a top exec. Small world the spook n money world with a zest of Oil connection."

    http://bit.ly/13ShNts


    falak pema -ZH 6/9/13
    Jun 10 03:32 PM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    stored, for ever, and accessible by 29 year old guys...


    A the cost of a little over a billion a year this private company can keep their government handlers at arms length in order for them to be able to parse their answers to congress with legalese preventing truthful and accurate answers to the questions most people in the US think are being asked.

    There's a reason most elected officials are first and foremost "attorneys".

    Makes me wonder how many people were really onto David when he ordered Bathsheba's husband murdered. Technically, he did nothing "wrong" until the scenario was presented to him in the proper context by Nathan.

    He could've continued to claim executive privilege and had Nathan labeled a national threat too, but history proved otherwise. I don't see too many Davids in current US leadership positions today.
    Jun 10 11:28 AM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    The man in question was wearing a Goldman Sachs baseball hat, MF Global windbreaking, and had quite a beard...


    or another soon to be ex-employee of Booz Allen?
    Jun 10 09:29 AM | 4 Likes Like |Link to Comment
  • Government contractor Booz Allen Hamilton (BAH) has become caught up in the revelations about the National Security Agency's surveillance programs after one of its (soon to be former?) employees, Edward Snowden, came forward as the source of the leaks. Booz Allen has said in securities filings that leaks could hurt its business - the firm generated 98% of its $5.76B in revenue in the last fiscal year from the government, with 23% coming from intelligence work. [View news story]
    suggest waiting for a fuller emergence of (a) actual facts and (b) multiple points of view before falling into a state of hero-worship of this somewhat dubious individual...


    I'll go along with that. I wonder how the "dubious" assessment can be assigned this quickly into the process. Those wishing to call the ethics of this individual into question are free to compare them with their own if presented with the same opportunities, background and training.

    I'm left to wonder about the kind of traits they ferret out of the individuals they seek for these "sensitive" tasks if desiring to do right is outweighed by baggage they can use to keep an otherwise "free" individual from applying their right to exercise traditional "American values".

    It's been several days since his interview and I'm more concerned with the rehashing of his employers recent repeated public congressional denials of claims they engaged in the activities he claims to have performed on their behalf.

    Who exactly is on record for the more serious misconduct?
    Jun 10 09:07 AM | Likes Like |Link to Comment
  • Government contractor Booz Allen Hamilton (BAH) has become caught up in the revelations about the National Security Agency's surveillance programs after one of its (soon to be former?) employees, Edward Snowden, came forward as the source of the leaks. Booz Allen has said in securities filings that leaks could hurt its business - the firm generated 98% of its $5.76B in revenue in the last fiscal year from the government, with 23% coming from intelligence work. [View news story]

    "I realised that I was part of something that was doing far more harm than good... The NSA routinely lies in response to Congressional inquiries about scope of surveillance in America. The NSA is intent on making every conversation and every form of behaviour in the world known to them.... What they're doing poses an existential threat to democracy."


    "Booz Allen can confirm that Edward Snowden, 29, has been an employee of our firm for less than 3 months, assigned to a team in Hawaii.

    News reports that this individual has claimed to have leaked classified information are shocking, and if accurate, this action represents a grave violation of the code of conduct and core values of our firm.

    We will work closely with our clients and authorities in their investigation of this matter."


    Too bad they wouldn't listen to Edward when he tried to tell them of his reservations as Janet asked. Somehow I tend to think the administrations desire for "whistleblowers" to come forward was an empty statement at best.
    Jun 10 03:10 AM | 2 Likes Like |Link to Comment
  • Government contractor Booz Allen Hamilton (BAH) has become caught up in the revelations about the National Security Agency's surveillance programs after one of its (soon to be former?) employees, Edward Snowden, came forward as the source of the leaks. Booz Allen has said in securities filings that leaks could hurt its business - the firm generated 98% of its $5.76B in revenue in the last fiscal year from the government, with 23% coming from intelligence work. [View news story]
    I'd like to think their announcement of this man's actions being unethical is a sick joke. To think a "non-government" agency has been hired by a US government entity to perform these kinds of tasks and obtain this kind of information is reprehensible to say the least.

    The likelihood of a citizen of the US to be the victim of a "terrorist" anywhere on earth is less than 1 in 20 million in a given year. I'd take my chances with those odds than an out of control government any day.

    As has been mentioned elsewhere, the wheels have come off, we're shooting sparks off the rims at this point.
    Jun 10 02:37 AM | 5 Likes Like |Link to Comment
  • Gold miners large (GDX -4.1%) and small (GDXJ -5.3%) alike are suffering a beat-down after jobs data from both the U.S. and Canada beat estimates; gold's gains for the week are entirely erased, and the metal "could melt even faster" if the global recovery continues. ABX -4.2%, AEM -6.7%, NEM -2.8%, GG -4.5%, AU -5.5%, EGO -5%, KGC -5.3%. SLW -2.8%, SSRI -7.3%, EXK -5.9%. GLD -2%, SLV -4.1%[View news story]
    At last. Now we can finally get rid of that stupid industry and their perceived "rarity". Maybe all those misdirected workers will be retrained to do something useful, like writing algos, tracking cyphers and printing real currency.
    Jun 7 07:38 PM | 1 Like Like |Link to Comment
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