Loading ...Much of this is new state taxes thanks to our democratic governor Jay Inslee who seemingly never saw a tax he didn’t like.
Pan American Silver Provides Update on the Dolores Mine
VANCOUVER, June 4, 2018 /CNW/ – Pan American Silver Corp. (NASDAQ: PAAS) (TSX: PAAS) (the “Company”) today announces that the security situation on the access roads to the Dolores mine has improved following increased patrol and enforcement by the Mexican authorities. As a result, road transport of diesel fuel, cement and other supplies to the mine has now resumed. The Company will increase the use of its private, secured airstrip to transport people to and from the mine site until the situation normalizes.
Due to the suspension of personnel transport on the access roads and reduced staffing levels, in late May the Company curtailed certain activities, including underground and open pit mining and leach pad expansion. Production of silver and gold continues at normal rates due to the large reserve of high and low grade ore stockpiles, which are feeding the pulp agglomeration plant and partial operation of the crushing plant. The heap leaching and Merrill Crowe circuits continue to operate normally. At this time, the Company does not expect a material impact to its annual production guidance for 2018.
cont. https://ceo.ca/@newswire/pan-american-silver-provides-update-on-the-dolores
If some company develops a camera that goes on your forehead I’m sure the crowd will be clamoring for it.
In Latest Privacy Scandal, Facebook Gave Apple, Amazon And Others Unprecedented Access To User Data
New week
Looks a lot like the old week
SM ripping on trade wars, Italian elections, Deutsche Bank, rising interest rates
PM’s going nowhere
GM Exec Crashes $119K Corvette Pace Car During Televised Race
part: ”
Reuss, who heads up product development at GM, was driving the official Pace Car, a 2019 Chevrolet Corvette ZR1, for the start of the Detroit Grand Prix’s second race when he lost control of the 755-hp beast, which spun around and slammed into a cement wall.
Neither Reuss nor his passenger, IndyCar official Mark Sandy, were injured. The cause of the crash was unknown, but the race course, on Detroit’s Belle Isle, is notoriously uneven. It rained earlier in the day, but the weather at the start of the race was 70 and sunny. The track was dry.
In a statement after the incident, GM said: “It is unfortunate that this incident happened. Many factors contributed, including weather and track conditions. The car’s safety systems performed as expected.”
And there it is: the positive spin. Debris from Chevrolet’s $119,000 halo car, the legendary Corvette ZR1, was strewn across the track on national TV under a Chevy ad proclaiming “Find New Roads.” But at least you know it is safe.”
part: ““I think that’s a testament to the Corvette ZR1. I know that thing is 750 horsepower,” Hunter-Reay said. “I’ve driven one before, and you do not want to jump on the gas in that thing, and for sure it’s a fast car. … It’s something that can happen and the race hadn’t started. No big deal.””
Comment: In 1967 with minimum wage at $1.40/hr, if both you and your wife worked, no kids, you could buy the most expensive full option Corvette as one of two daily drivers.
Global Economic-Growth Story Fades, Dimming Market Optimism
Stock indexes that rode accelerating global growth to fresh records in January are now hamstrung by a moderate but unmistakable slowdown in economic momentum in Europe and elsewhere.
Business activity globally has slowed from multi-year highs, according to the JPMorgan Chase and IHS Market global purchasing managers index. The global manufacturing index fell to 53.1 in May, a nine-month low. The services index for April, which will be updated for
https://www.wsj.com/articles/global-economic-growth-story-fades-1528023600
Comment: When everything was bad like 2008 into ’09? Things get better. When everything is very good? Like now? Things get worse.
Maddog–in 2008 early signs of crisis were ignored too==Bear Stearns was the warning shot for the financial markets in early 2008 that no one heeded.
In just 365-days, Bear Stearns stock went from $159 to $2, with about half of the loss occurring within a few weeks.
Within a couple of months, the markets dismissed Bear Stearns as a “non-event” and rallied to a higher level than prior to the event, and almost back to highs for the year.
Remember, there was “nothing to worry about” at the time, even though the Fed was increasing interest rates, as the “Goldilocks economy” could handle tighter monetary policy. Sure, housing had been slowing down, mortgage delinquencies were rising, along with credit card defaults, but there wasn’t much concern.
Today, we are seeing similar signs.
Interest rates are rising, along with delinquencies, defaults, and a slowing housing market. But no one is concerned as the “Goldilocks economy” can clearly offset these mild risks. And no one is paying attention to, what I believe to be, one of the biggest risks to the global financial markets – Deutsche Bank.
Mkt reaction to Italy all wrong
Weekend press had lots of articles all saying Italy will clash massively with the EU/ECB, not just zerohedge etc and questioning why the mkts were calm…Now Spain is set join in, as the Catalonia situation has come back, big time.
https://www.zerohedge.com/news/2018-06-03/what-goes-around-comes-around-spain
Yet tks to the Rig all is calm this Monday, SM bid, PM’s of course offered.
So it seems that when Italy first threatened last Monday the scum let their mkts crash, but having shown all what might happen, the scum rowed back and put them all back in the Rigged box…..all over in two days, yet see below these problems have been festering for ages.
This is gonna be a huge test of how the scum run the Rig. As there is no doubt that with their current governments, which particularly in Italy are very popular, they are both gonna blow the Euro/EU up. Yet already the scum are saying the mkts don’t care, all is wonderful…..which is plain crazy..but so in time are values in Rigged mkt.
https://austrian.economicblogs.org/stockman/2016/evanspritchard-italys-debt-survival-euro/
Milwaukee Road, better by a Dam site.
- Yes Canada gets the dreggs, I can attest.