How To Build A GLD-Free Gold Bug Portfolio [View article]
How is this possibly an editor's pick SA article?
1) Throw dice to get a bunch of gold ETFs which have been in existence 3 years. 2) Copy and paste ETF description from other website 3) List historical returns 4) Project returns 30 years in the future 5) Disclaim everything/Disclose nothing 6) Publish
G-20 officials discussed the threat to the global economy from rising oil prices, sources say, but the U.S. did not openly call for a release of countries' strategic oil reserves. On Friday, Geithner said the U.S. is considering a strategic reserves release as tensions with Iran push up oil prices. [View news story]
Because our politicians are short-sighted. Remember last year when we released SOR? Price dropped from 105 to 85 overnight. Six months later where was it? Back up to 100. So the U.S. is buying oil at $100 to fill up the tanks sold at $85....
Beautiful investment and an amazing structural, long-term change to the price of oil worldwide. Pat yourself on the back President Obama.
Western intelligence agencies detected two nuclear weapons tests in North Korea during 2010; one or both of them may have been conducted for Iran, Welt Online says. The news may refute recent reports that the U.S. has no hard evidence of Iranian efforts to build a bomb. [View news story]
Problem: UN can't find evidence of nukes in Iran.
Solution: Leak a memo saying that North Korea made nukes for Iran. Who can argue the contrary?
2 Profitable, Dirt Cheap Gold Miners To Consider [View article]
Good article. The deal with primero is primarily two things: 1) silver streaming tax. Slw has the first 4 million oz at $4 and half thereafter each year. This wouldn't be a huge drawback except they are paying Mexico taxes at spot prices. They have applied for changes in the tax provision which should be decided on this year. 2) gold grades. the San Dimas mine has been suffering from unpredictable grade estimations. This makes mine planning difficult and makes it difficult to project future production. Recently management decided to refresh its mine model. And if I remember correctly it is complete.
Read the last two press releases on their site. It details the problems they've faced and what they're doing about it in more detail than I can describe. I must say that I'm totally impressed with the management. Everything I see points to exceptional long term planning.
S&P cuts Greece's credit rating to SD - Selective Default - from CC following the country's insertion of retroactive collective action clauses into its debt. "The effect of a CAC is to bind all bondholders of a particular series to amended bond payment terms ... (it) materially changes the original terms of the affected debt." [View news story]
Another article with absolutely no substance that got pushed to my phone with the new SA app.
1) Choose random stock that's run 50% in the last 3 months. 2) Throw up obligatory 12 month chart 3) Make up some technicals 4) Compare to another company with a completely different business model 5) Discuss random other companies in a similar sector 6) Conclude: "You might want to buy now, or you might want to wait a little bit to buy. As the author of this article I have chosen not to buy and don't plan to buy" 7) Publish
Forget discussing the commodity underlying all these companies - gold and silver
Forget any QEinfinity discussion - the primary reason these stocks have run.
Forget any profit projections or silver production projects
Forget any discussion of the mines SLW has a stream from.
The surge in gold prices has led to a golden cross, the technical indicator that's often bullish for many markets. But gold is a different story, in the short term: In gold's 12 other golden crosses since 1976, gold prices have averaged a 1% decline over the next week and 2.5% over the next month. “From a technical perspective and based on historical analysis, it’s hard plowing into gold here,” Justin Walters says. [View news story]
How many of those other 12 times were immediately after the Federal Reserve Chairman announcing an ongoing monetisation of US Debt indefinitely into the future, in addition to pumping 40 bln/mo into the mortgage market?
The massive Monday rally? It appears the Fed made today's swap decision on Monday in a 9-1 vote with only Richmond Fed chief Lacker dissenting. [View news story]
This makes me sick. They might be hippies, but the OWS peeps are doing our work for us.
The EU ups the ante in its latest game of chicken with Greece, warning that the country won't get an €8B ($10.79B) loan payment unless its main political leaders sign an austerity pledge by next Tuesday. New Democracy leader Antonis Samaras is holding out; Greece has 20 days until it runs out of cash. [View news story]
That cash was from the last bailout round? Can anyone say "black hole".
President Obama says House Speaker Boehner has decided to walk away from debt limit negotiations. Earlier today, Boehner had suggested talks would continue. [View news story]
The captain of a ship can always keel-haul a the crew members who absolutely fail. Unfortunately Obama can't do that.
Sandstorm CEO Nolan Watson's Exclusive Interview For Seeking Alpha [View article]
I respectfully disagree with Nolan on the point that the juniors are intrinsically worthless without capital funding. Reason being, at some pricing level, the big players *should* step in to buy projects for pennies on the oz. This should provide a floor for prices at some point.
Of course if a junior isn't holding economically mineable projects... then yeah, it's worthless in either scenario.
More on Nike-Lance Armstrong: The former world-class athlete's resignation from the Lance Armstrong Foundation could bolster the chances that Nike (NKE +0.3%) sticks with its Livestrong brand of clothing and shoes. More than just a sideshow for Nike, the flareup over Armstrong's doping has forced the company to strongly deny an accusation it bribed an exec with a governing cycling body $500K to cover up a positive drug test. [View news story]
More on Nike-Lance Armstrong: The former world-class athlete's resignation from the Lance Armstrong Foundation could bolster the chances that Nike (NKE +0.3%) sticks with its Livestrong brand of clothing and shoes. More than just a sideshow for Nike, the flareup over Armstrong's doping has forced the company to strongly deny an accusation it bribed an exec with a governing cycling body $500K to cover up a positive drug test. [View news story]
How To Build A GLD-Free Gold Bug Portfolio [View article]
1) Throw dice to get a bunch of gold ETFs which have been in existence 3 years.
2) Copy and paste ETF description from other website
3) List historical returns
4) Project returns 30 years in the future
5) Disclaim everything/Disclose nothing
6) Publish
G-20 officials discussed the threat to the global economy from rising oil prices, sources say, but the U.S. did not openly call for a release of countries' strategic oil reserves. On Friday, Geithner said the U.S. is considering a strategic reserves release as tensions with Iran push up oil prices. [View news story]
Beautiful investment and an amazing structural, long-term change to the price of oil worldwide. Pat yourself on the back President Obama.
Western intelligence agencies detected two nuclear weapons tests in North Korea during 2010; one or both of them may have been conducted for Iran, Welt Online says. The news may refute recent reports that the U.S. has no hard evidence of Iranian efforts to build a bomb. [View news story]
Solution: Leak a memo saying that North Korea made nukes for Iran. Who can argue the contrary?
2 Profitable, Dirt Cheap Gold Miners To Consider [View article]
1) silver streaming tax. Slw has the first 4 million oz at $4 and half thereafter each year. This wouldn't be a huge drawback except they are paying Mexico taxes at spot prices. They have applied for changes in the tax provision which should be decided on this year.
2) gold grades. the San Dimas mine has been suffering from unpredictable grade estimations. This makes mine planning difficult and makes it difficult to project future production. Recently management decided to refresh its mine model. And if I remember correctly it is complete.
Read the last two press releases on their site. It details the problems they've faced and what they're doing about it in more detail than I can describe. I must say that I'm totally impressed with the management. Everything I see points to exceptional long term planning.
S&P cuts Greece's credit rating to SD - Selective Default - from CC following the country's insertion of retroactive collective action clauses into its debt. "The effect of a CAC is to bind all bondholders of a particular series to amended bond payment terms ... (it) materially changes the original terms of the affected debt." [View news story]
Wall Street Breakfast: Must-Know News [View article]
Can Silver Wheaton Break $40? [View article]
1) Choose random stock that's run 50% in the last 3 months.
2) Throw up obligatory 12 month chart
3) Make up some technicals
4) Compare to another company with a completely different business model
5) Discuss random other companies in a similar sector
6) Conclude: "You might want to buy now, or you might want to wait a little bit to buy. As the author of this article I have chosen not to buy and don't plan to buy"
7) Publish
Forget discussing the commodity underlying all these companies - gold and silver
Forget any QEinfinity discussion - the primary reason these stocks have run.
Forget any profit projections or silver production projects
Forget any discussion of the mines SLW has a stream from.
Forget dividiend discussion.
What did I miss?
The surge in gold prices has led to a golden cross, the technical indicator that's often bullish for many markets. But gold is a different story, in the short term: In gold's 12 other golden crosses since 1976, gold prices have averaged a 1% decline over the next week and 2.5% over the next month. “From a technical perspective and based on historical analysis, it’s hard plowing into gold here,” Justin Walters says. [View news story]
Brilliant analysis nontheless. </sarcasm>
The massive Monday rally? It appears the Fed made today's swap decision on Monday in a 9-1 vote with only Richmond Fed chief Lacker dissenting. [View news story]
The EU ups the ante in its latest game of chicken with Greece, warning that the country won't get an €8B ($10.79B) loan payment unless its main political leaders sign an austerity pledge by next Tuesday. New Democracy leader Antonis Samaras is holding out; Greece has 20 days until it runs out of cash. [View news story]
President Obama says House Speaker Boehner has decided to walk away from debt limit negotiations. Earlier today, Boehner had suggested talks would continue. [View news story]
Sandstorm CEO Nolan Watson's Exclusive Interview For Seeking Alpha [View article]
Of course if a junior isn't holding economically mineable projects... then yeah, it's worthless in either scenario.
More on Nike-Lance Armstrong: The former world-class athlete's resignation from the Lance Armstrong Foundation could bolster the chances that Nike (NKE +0.3%) sticks with its Livestrong brand of clothing and shoes. More than just a sideshow for Nike, the flareup over Armstrong's doping has forced the company to strongly deny an accusation it bribed an exec with a governing cycling body $500K to cover up a positive drug test. [View news story]
More on Nike-Lance Armstrong: The former world-class athlete's resignation from the Lance Armstrong Foundation could bolster the chances that Nike (NKE +0.3%) sticks with its Livestrong brand of clothing and shoes. More than just a sideshow for Nike, the flareup over Armstrong's doping has forced the company to strongly deny an accusation it bribed an exec with a governing cycling body $500K to cover up a positive drug test. [View news story]
September Nonfarm Payrolls: +114K vs. consensus +115K, +142K previous (revised from 96K). Unemployment rate 7.8% vs. consensus 8.2%, 8.1% previous. [View news story]