Loading ...That’s gotta sting
McEwen Mining says robbers stole 7,000 ozs of gold from Mexico mine
http://finance.yahoo.com/news/mcewen-mining-says-robbers-stole-215137773.html
He he goldi @12:45, I might have to start shopping at Wally World if they are putting Christians on a watch list.
Especially if his first name is Jeffery.
Meh, me being an Athiest, I hope they put the rest of the religious circus on the list too. I don’t wish to discriminate…(I learnt that in babel skool)
I gata admit, I didn’t read the link…kinda hard to think the Walton’s are shedding their southern roots.
A Effing right – More War 24/7
The Iranian Nuclear Framework Finally Exposes The War Party’s Big Lie
Submitted by David Stockman via Contra Corner blog,
The Iranian framework agreement is an astonishingly good deal, and has the potential to become a historic game-changer. As Robert Parry astutely observed, its about much more than sheaving the threat that Iran will get the bomb:
The April 2 framework agreement with Iran represents more than just a diplomatic deal to prevent nuclear proliferation in the Middle East. It marks a crossroad that offers a possible path for the American Republic to regain its footing and turn away from endless war.
The saliency of that observation lies in the fact that there is virtually nothing in the substance of the deal for the War Party to attack. So what they are doing is desperately hurtling the Iranian axis-of-evil narrative at the agreement, claiming that the regime is so untrustworthy, diabolical and existentially dangerous that no product of mere diplomacy is valid. The Iranians are by axiom hell-bent on evil and no mere “scrap of paper” will stop them.
But therein dwells the game-changing opportunity. To defeat the deal, the War Party will have to defend its three-decade long campaign of exaggerations, distortions and bellicose animosity toward the Iranian state. But that is impossible because the axis-of-evil narrative was never remotely true. Indeed, if the truth be told the War Party has never been required to defend its spurious propaganda thanks in large part to a lazy, gullible mainstream press that has been as negligent on the Iranian evil meme as they were on Saddam’s weapons of mass destruction.
As will be demonstrated below, the evil Iran narrative rests on repetition and political bombast, not historical fact. Iran was turned into a pariah state not owing to its own deeds and actions, but because it served the domestic political needs of the War Party. That is, Bibi Netanyahu’s Israeli branch used it to win elections by mobilizing the right-wing and religious extremists against a purported external peril; and Washington’s neo-cons used it to rescue the Pentagon’s war machine and the military industrial complex after the cold war ended its reason for being.
So while the whole axis-of-evil narrative is bogus, the War Party is repairing to it in flat-out hysterical tones because it has nowhere else to go. Indeed, it did not take long for a shrill demagogue like GOP Senator Mark Kirk to play the Hitler card:
“I would say that Neville Chamberlain got a lot more out of Hitler than Wendy Sherman got out of Iran.”
Oh this is good
Walmart has put Christians in a watch list.
http://www.washingtonweeklynews.com/walmart-puts-christian-employees-on-watch-list/
Richard
Not looking too good for the US. Another appointee who apparently sided with terrorists. I see a lot of talk even from the military but nothing is ever done just all wind.
and more propaganda were the terrorists even though IRAN has supported numerous terrorist groups. He needs to get out of here and move there.
eeos @ 11:15
Not selling diddly here. Things are coming to a head in Greece. From the Holter article, Der Spiegel is evacuating it’s offices in Athens, which would seem to indicate that Greece isn’t getting more money from the EU. Holter is predicting: “In my opinion, a true Greek default has the potential of shutting down global markets within 48 hours of an announcement.” The dollar will likely fly immediately if Greece defaults but you can bet that gold will also.
Let’s see the cretins paper over that scenario!
Squeezing the sheeple … what’s next?
You’ll need £100 ‘car insurance’ for lawnmowers, says EU
Wheelchair users and gardeners are the target of a confusing – and potentially costly – European judgment, warn insurance and legal experts
Ipso- How do the markets and financial systems react to this?
Sell Gold of course. Please beat my head with a rock
Bill Holter
snip
What options does Greece have left? As I see it, they really only have three, and all with blurry edges. First, they can cut some sort of deal with Germany (the EU) and the IMF. They can kick the can down the road by extending maturities of existing debt and restructuring it. The IMF still owes past monies pledged in bailouts, will they really throw new money away knowing it cannot be paid back? Obviously this does nothing to face the real problem, Greece simply has too much debt for the size of their economy (this is a global problem but not “admitted yet”). This option may have been taken off the table on Friday. As a side note, it was reported Friday by Der Spiegel the IMF evacuated their Athens office. Why would they do this? I can only come up with one or two scenarios. The IMF is giving up and know it is over … or, they are getting out of town while they still can. Maybe they realize massive social unrest will be unleashed and don’t want to see their employees hanging from lamp posts? This was denied by Saturday but interesting nonetheless!
Their second option is to just default. If they cannot make debt payments, they simply don’t pay and thus become classified as a default. The next question is whether or not they would stay in the EU? Would they want to? Or even be allowed to? Option number three, an offshoot of number two, is Greece defaults and they decide to leave the EU (or are kicked out) and join team Russia.
My guess is we will see Greece default, leave the EU and cut a gas pipeline deal with Russia becoming a stepping stone for China’s “silk road”. At this point, it’s the only thing that makes any sense …if you are Greek and try to do what is best for Greece. A story also making the rounds on Friday was preparations to re issue the “drachma“. If this is true, I would say the decision to leave the EU has already been made except for the formalities! The next question is the biggie, and one which will affect the entire world. How do the markets and financial systems react to this?
Ipso
I don’t know either but it sure seems Vlad has a golden opportunity to divide and conquer the EU
Caledonia Mining Dividend
TORONTO, ONTARIO–(Marketwired – April 7, 2015) – Caledonia Mining Corporation (“Caledonia”) (TSX:CAL) (OTCQX:CALVF) (AIM:CMCL) today announces that the Board of Directors has declared Dividend Number 8, this being a dividend of one and one half Canadian cents ($0.015) on each of the Company’s common shares issued and outstanding as of 5:00 p.m. Toronto local time on the Record Date, being April 17, 2015. The ex-dividend date will be April 16, 2015. Dividend cheques will be mailed on April 30, 2015.
Shareholders who are registered in the United States of America and the United Kingdom will be paid in US Dollar and Sterling, respectively. The US Dollar and Sterling dividend payments will be calculated using the relevant Bank of Canada exchange rates at noon on the Record Date and will be after deduction of Canadian withholding tax and any other taxes that may apply.
This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada).
Caledonia’s Dividend Policy
Caledonia’s long term strategy to maximize shareholder value includes a quarterly dividend policy. In 2014, the Company paid an annual aggregate dividend of six Canadian cents ($0.060) per common share. The first quarterly dividend was paid on January 31, 2014 and subsequent quarterly dividends were paid at the end of April, July and October 2014 and at the end of January 2015.
It is currently envisaged that the existing dividend policy of 6 cents per annum, paid in equal quarterly instalments will be maintained. Caledonia will continue to maintain its strong financial position so that it can implement its stated growth strategy without the need to raise third party finance.
http://www.marketwired.com/press-release/-2006973.htm
How much warning is needed?
The Simple Reason Mohamed El-Erian Has Most of His Money in Cash
“…there is a massive gap right now between asset prices and fundamentals”
Buygold @ 8:54
I don’t know what’s going to come of that … but I do know that Merkel et al don’t like it much!
Gold Train
Illinois Central, the “Panama Limited”
http://www.railpictures.net/viewphoto.php?id=522782
—same as it ever was.
Excellent quarter for Lake Shore Gold
Coeur Reports First Quarter Production Results
http://finance.yahoo.com/news/coeur-reports-first-quarter-production-201500191.html
Malbex Resources Inc. Completes the Transfer of Its Interest in the Del Carmen Project to Barrick Gold Corporation
http://finance.yahoo.com/news/malbex-resources-inc-completes-transfer-214258329.html
Klondex Releases Midas Phase I Drill Program Results
http://finance.yahoo.com/news/klondex-releases-midas-phase-drill-100000438.html
Roxgold Commences Construction at the Yaramoko Gold Project
http://finance.yahoo.com/news/roxgold-commences-construction-yaramoko-gold-100000564.html
Lake Shore Gold Reports Record Quarterly Production
http://finance.yahoo.com/news/lake-shore-gold-reports-record-100000515.html
The Plot Thickens
Russia To Offer Greece New Loans, Gas Price Discount
While Greece spent Easter weekend (not Orthodox Easter that is)assuring the IMF (the “institution”, not the critical third member of the Troika that shall not be named) that the €450 million payment due to Christine Lagarde’s “institution” will be made despite Greece officially (rather than just unofficially) running out of money and being forced to prioritize repaying its creditors over paying wages and pensions, its Prime Minister is currently evaluating what the Plan B will be when he visits Vladimir Putin tomorrow, one day ahead of the double Greek deadlines of IMF payment and cash running out.
As FT reports, “when Alexis Tsipras visits Vladimir Putin’s Kremlin on Wednesday there is a chance the Greek premier’s eastern manoeuvre will immediately bear fruit: kiwis, peaches and strawberries to be precise. Athens is hopeful that Moscow will lift a retaliatory ban on Greek soft fruits to demonstrate the abiding strength of Russo-Greek relations, just as both leaders feel a diplomatic chill with Europe over the Ukraine crisis and Athens’ bailout saga respectively.”
Of course, every Greek request for a concession “quid” will be met with a proportional Russian quo, and it is this that worries European diplomats – namely will the Putin-Tsipras gladhanding amount to something more significant than fruit trade. “The big fear, in the words of one suspicious senior official, is a “Trojan horse” plot, where Russia extends billions in rescue loans in exchange for a Greek veto on sanctions — a move that would kill western unity over Ukraine.”
http://www.zerohedge.com/news/2015-04-07/russia-offer-greece-new-loans-gas-price-discount
Obvious what the day will bring
No follow thru and more misery to the pm sector. The same as it always is.
Got Gold ?
Food for thought …
http://personalliberty.com/the-u-s-is-being-made-economically-irrelevant/
Richard
Blank is a good name for them in general. What happened to the money, complete blank. What happened in Benghazi, a complete blank as well as the erased email. Lie, that’s all they do, their life is a lie. America will have to economically crash and burn before they wake up to realize just how MUCH they lied.
Leveraged ETF’s
I have lost more than my share (actually, just my share) of money in ETF’s. I believe the negative effects of leveraged ETF’s have been discussed many times on this forum. If I were smarter, I might have been able to write the information below. But after reading it, I have come to one conclusion: I WILL NEVER BUY ANOTHER LEVERAGED ETF. PERIOD. If you are considering, or on the fence. please take a few minutes to read below. If you still want to buy, you cannot be helped!
“People need to understand that leveraged ETFs are incredibly poor performers — easily illustrated by comparing 3x bull and bear funds targeting the same sector. Here are the 2014 annual results from fact sheets at DirexionInvestments.com:
Gold miners:
NUGT (bull) down 59%
DUST (bear) down 44%
Junior gold miners:
JNUG (bull) down 84%
JDST (bear) down 74%
Day-to-day volatility completely destroys any possibility of positive return. Targeting something more sedate such as the S&P 500, SPXL (bull) managed a 38% gain for 2014, while SPXS (bear) declined 38%.
But those results, although less appalling, are also horrible. Mathematically, a 38% decline requires a 61% gain to offset.
For those interested in buying NUGT (3x GDX) or any other reader who doesn’t understand that leveraged ETF’s attempt to achieve the specified leveraged return synthetically OF EACH DAY instead of the leveraged return OVER TIME, here is a simple example:
Let’s say you have a 1:1 ETF LEVO and a 3:1 ETF LEVT that are both at $100.00 at the start of the trading day #1. LEVO is up 2.0% that day so it closes at $102.00 and LEVT is up 6.0% so it closes at $106.00. Now on trading day #2, LEVO is down enough to bring it back to $100.00, which would make it down 1.961% because it takes a smaller % move to bring it back to $100.00 from $102.00. LEVT would be down 3 x 1.961% (5.882%) which would bring LEVT to $99.76. If that same oscillation was to occur for 60 trading days ( up one day, down the next, 30 times), LEVO would end the 60 day period at $100.00 and LEVT would end the period at $93.18.
This is the slippage that occurs because of leveraged ETFs design to achieve leveraged return synthetically OF EACH DAY and not OVER TIME. The choppier (more days, bigger daily moves, bigger reversals against trend) an unleveraged ETF is to go from point A to B, the more slippage the leveraged ETF will have. Timing the entry of a leveraged ETF investment is critical (i.e., it is hard recover to your entry if the underlying 1:1 ETF just takes a choppy trip to nowhere for 3 months like the example above) as is the discipline to cut and run when underlying 1:1 ETF trends against you. Over time, the return of all leveraged ETF’s is dragged down because it takes a bigger % up to offset any % down.”