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  • Vale extends gains amid new iron ore bull market [View news story]

    Looks like the talking heads just got walloped on the side off the noggin again!!From a bear to a bull market in iron ore in no time flat!!!!!LMAO
    Apr 24, 2015. 02:48 PM | 6 Likes Like |Link to Comment
  • TransCanada asks U.S. for new pipeline amid Keystone XL delay [View news story]
    This line would move American crude to Canadian refineries. Lets see what excuse Obama can come up on this one.
    Apr 24, 2015. 02:45 PM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Tech Earnings Dominate Headlines; Nasdaq Breaks Record [View article]
    Since all he would amount to is entertainment which you can get out of watching sitcoms, I would not pay 50 cents to see him but that's only my opinion. I am also not in a position where i have to attend events like that so that I can be with the right crowd to try and further my own interests which is what a lot of these events are really all about. you do have to call a spade a spade as I like to say. ;-)
    Apr 24, 2015. 10:37 AM | 2 Likes Like |Link to Comment
  • Bank of Mom and Dad Expected to Fund Nearly Half of Upsizers and First-Time Buyers: BMO Report [View article]
    All this does is shows the sad state of affairs that our economy and society in general is in. The new generation has less than the old generation which is the exact opposite of the way it used to be. This does not spell good things for future generations.
    Apr 23, 2015. 11:44 AM | Likes Like |Link to Comment
  • Wall Street Breakfast: Where's The Value These Days? [View article]
    I suspect that a lot of these people are finding out what the total cost of ownership of an electric vehicle really is and its not pretty. Theirs a lot more to cost of ownership than fuel costs such as initial purchase price, maintenance costs, repair costs, insurance, reliability and resale value. With the exception of fuel costs, my understanding is that electric vehicle's come out on the bottom by a wide margin in most other categories.
    This leads to another question of governments sticking their noses to far into areas that they really should not be in. When things like electric vehicles and green energy really do start to make sense, the market will embrace them and move them forward without a lot of if any government intervention. While I have no issues with governments promoting certain shifts including the shift to green and alternative energy, I do think that they at times go to far and the detriment of the tax payer and the consumer. Energy is a classic example and the government needs to figure out that American ingenuity and American drive will solve most problems if only government got out of the way. America went from running out of oil and gas to having lots all on American Ingenuity and Drive despite the government. The Obama administration is as bad as I have ever seen in this respect.

    JMO
    Apr 23, 2015. 10:22 AM | 9 Likes Like |Link to Comment
  • Greece Is The Word [View article]
    With Greece and the whole EEC, you really do have to call a spade a spade!! Reality is that if a small and what should be economically a relatively insignificant part of the EEC (2%) can cause this much concern, then you really got to question the viability of the whole kitten caboodle here. In relative terms when comparing it to American, it would be even less than the equivalent of the smallest state economy (GDP Wise) getting in way over their heads and the FEDs having to bail them out and a restructuring to allow them to pay the bills. - A few ripples but no f-ing big deal in the grander scheme of it all. If Europe can not deal with Greece quickly, then they have way bigger problems than Greece and the longer they take, the more this becomes apparent. I for one am tired of their BS! ;-)
    Apr 22, 2015. 02:38 PM | 1 Like Like |Link to Comment
  • BHP expansion slowdown sparks best one-day iron ore price jump since 2012 [View news story]
    The big 3 are pushing production costs down to of $20 - $30 per ton and so they are no where close to being unprofitable. For them its a little short term pain for a lot of long term gain.
    Apr 22, 2015. 12:08 PM | 3 Likes Like |Link to Comment
  • Mongolia deal gives guarantee to lenders for Oyu Tolgoi project [View news story]
    You have the current PM doing his best as he tries to drag Mongolia out of the dark ages and into the Modern world but he faces a lot of headwinds. There are a lot of political factions that make up the current GOM and some of them are very nationalistic, anti foriegn business and inward looking and very corrupt. These are the reasons why Rio Tinto has not been able to move forward with the huge Turquoise Hill mining project and a lot of foriegn investment has stayed away.
    The Current head of the DP party (currently the speaker in their parliament) is one of the bigger problems that the PM faces as he aims for progress. So far we have heard a lot of words but have seen little action and based on past experiences with the GOM, words are not worth much.
    Apr 22, 2015. 12:01 PM | 1 Like Like |Link to Comment
  • I Am Bullish On The Canadian Dollar [View article]
    Although the future could be bright, its not all clear sailing for the Canadian dollar. Some of the head winds are:

    1) Their biggest Provence economically (Ontario) has a huge debt as a result of 10 plus years of mismanagement by the current Liberal government. Things are not getting better anytime soon for Ontario as this government is just continuing in its ways of driving costs up and chasing business away.

    2) The current Federal government has done a good job of managing the economy but it faces a federal election in less than a year with non of the alternative choices being even close to good as far as the economy is concerned.

    3) Canada is a large energy exporter and so the price of oil is key to how the Canadian dollar does.

    4) There is a lot of bickering and politics between some of the provinces and this causes issues with the development of key infrastructure projects that cross provincial boundaries. (Whats in it for me and not in my back yard is alive and thriving in Canada)

    Happy investing! :-)
    Apr 22, 2015. 11:45 AM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: China Shares Extend Bull Run [View article]
    With Greece and the whole EEC, you really do have to call a spade a spade!! Reality is that if a small and what should be economically a relatively insignificant part of the EEC can cause this much concern, then you really got to question the viability of the whole kitten caboodle here. In relative terms when comparing it to American, it would be even less than the equivalent of the smallest state economy (GDP Wise) getting in way over their heads and the FEDs having to bail them out and a restructuring to allow them to pay the bills. - A few ripples but no f-ing big deal in the grander scheme of it all. If Europe can not deal with Greece quickly, then they have way bigger problems than Greece and the longer they take, the more this becomes apparent. I for one am tired of their BS! ;-)
    Apr 22, 2015. 11:29 AM | 3 Likes Like |Link to Comment
  • BHP expansion slowdown sparks best one-day iron ore price jump since 2012 [View news story]
    you can not compare the situation in steel to Iron ore. Steel making is very fragmented with hundreds of producers and the largest (Arcelor Mittal) having less than 10% of the market. With Iron ore, the big 3 control most of the sea born trade in a commodity that costs $30 or less to produce for efficient producers.As such, the high prices of past were way out of line with the reality of what Iron ore should sell for. Like with all commodities, huge growth in demand can and did drive prices way beyond what they should have been and when that growth slows down then prices also get driven down which is exactly what is now happening. If the big 3 low cost producers were to try and support prices in this environment, it would mean that the high cost producers would just keep expanding and keep taking market share in a slowly eroding price environment. In the end the situation would be way worse as you would have way more production capacity.
    Being a high cost or higher cost producer has always meant a risk of not surviving and being a swing producer if you do survive. Nothing has changed in this respect and those high cost producers should have known that when they got into the game. ;-)
    Apr 22, 2015. 11:12 AM | 6 Likes Like |Link to Comment
  • TransCanada mulls ways to move Canadian crude to Louisiana [View news story]
    Obama's narrow green view can only delay progress, not stop it.
    Apr 22, 2015. 10:50 AM | Likes Like |Link to Comment
  • Mongolia - Is This Guy For Real? [View article]
    Unfortunately what we are dealing with in Mongolia amounts to the sad reality of a dysfunctional government where where power games between the different factions just paralyze progress. The worse offender from what I see is the head of the DP - currently the parliamentary speaker. The real question now is will the PM be able to push past this mess or will it continue till the election next year???.
    Apr 21, 2015. 01:44 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: China Moves Again To Fight Slowdown [View article]
    Could he be working on the latest in Treckie technology? You know - Vaporize here, materialize there!! ;-)
    Apr 20, 2015. 08:49 AM | 4 Likes Like |Link to Comment
  • TransCanada's Energy East pipeline project fails to convince Quebec [View news story]
    Looks like they have the Left Coast (BC) not in my back yard and I only care about whats in it for me Disease!!!!
    Apr 17, 2015. 02:02 PM | 1 Like Like |Link to Comment
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