Do aliens Reside on Earth in the Guise of Human Beings?
Total Voters: 31
Loading ...Hey redneck how’s your Belize ventures going. You been visiting down there lately?
Up 50+ earlier and now fading into the minus. Entire stock market looking some kind of bad.
rno
Dow down 400
Canada’s Centerra Gold (TSX:CG) has rejected an unsolicited bid for its Kumtor gold mine in Kyrgyzstan from Chaarat Gold Holdings (LON:CGH), received last month, but which the London-listed miner made public on Tuesday.
Responding to media speculation, Chaarat confirmed its offer to Centerra to buy Kyrgyzstan’s largest gold mine, and though it did not disclosed the sum, said the deal would also involve Kyrgyz state firm Kyrgyzaltyn.
The miner, which is developing the Chaarat project in Kyrgyzstan, wanted to grab Kumtor as part of a deal that would have given it ownership of the mine common equity, as well as management and operation of the mine. The Central Asian nation, in turn, would have owned the preferred equity and be entitled to 50% of the economic benefits of the gold mine.
cont. http://www.mining.com/centerra-rejects-unsolicited-offer-kumtor-gold-mine-kyrgyzstan/
https://finance.yahoo.com/quote/CAT?p=CAT
The greater question for precious metals enthusiasts revolves around the possibility of the metals being sucked downward into a liquidity squeeze as in 2008 to which I respond ”not a chance”. In 2008, gold mining stocks and silver and gold bullion were over-owned and overbought after a five-year vertical ascent. The hedge funds had levered up on gold and silver with massive net long positions that had to be reversed once the subprime bubble was pricked. Here in 2018, as seen in the recent COT report, the Large Speculators in silver are actually net short which is an historical anomaly and the first ever of its occurrence. Gold at 163,000 net longs held by the same is a relative modest number when matched off against the 185,000 Commercial short position. In 2008 at or near the peak, those number were north of 300,000. I therefore am going to assume that an equity market drawdown will not impact gold to any great degree and interestingly, I think it might actually cause a spike in silver as the offsetting trade that will reduce exposure for the Large Specs will be net purchases of silver (to remove their shorts). (Forgive the pun.)
would be those who could reconcile Israel and Iran.
Hi Rich, re part:
“While U.S. figures have continued to exceed expectations since the end of February, those for Europe and Japan have crashed to multi-year lows.”
Easily explained. The dollar has been dropping for over a year, that helps us and hurts them. So maybe the pain is getting too extreme, for them, and they are raising the Dollar to lower the Euro?
The cheaper currency is the punch bowl for countries.
yeah, it topped…silver is now up 17 cent…I though it might causa the way crude shot up off its low yesterday.
Kapernick still being considered as Seahawks backup QB.
Unbelievable!
Finland’s basic income trial falls flat
The Finnish government has decided not to expand a limited trial in paying people a basic income, which has drawn much international interest.
Currently 2,000 unemployed Finns are receiving a flat monthly payment of €560 (£490; $685) as basic income.
“The eagerness of the government is evaporating. They rejected extra funding [for it],” said Olli Kangas, one of the experiment’s designers.
Some see basic income as a way to get unemployed people into temporary jobs.
The argument is that, if paid universally, basic income would provide a guaranteed safety net. That would help to address insecurities associated with the “gig” economy, where workers do not have staff contracts.
Supporters say basic income would boost mobility in the labour market as people would still have an income between jobs.
just like a gold stock purse…..empty
“On Monday, Guri published a new paper that applies the same exfiltration techniques to “cold wallets,” which are not stored on devices connected to the Internet. The most effective techniques take only seconds to siphon a 256-bit Bitcoin key from a wallet running on an infected computer, even though the computer isn’t connected to any network. Guri said the possibility of stealing keys that protect millions or billions of dollars is likely to take the covert exfiltration techniques out of the nation-state hacking realm they currently inhabit and possibly bring them into the mainstream.”
no big deal so far…but something to watch…
By Garfield Reynolds, macro commentators and a Markets Live blogger for Bloomberg.
Dollar’s Surprise-Driven Rally Could Consume Itself: Macro View
The astonishing thing about the recent rally in the greenback is how surprised so many have been by its strength at a time when the U.S. economy has been an oasis of resilience amid a desert of dismal global data. But the U.S. currency could soon face headwinds as expectations elsewhere shift and its very strength could spark a reversal with many drivers for dollar weakness still very much in play.
The dollar’s rally makes a world of sense if you look at relative economic surprise data. While U.S. figures have continued to exceed expectations since the end of February, those for Europe and Japan have crashed to multi-year lows.
The euro and the yen account for more than half of all FX transactions, so it’s no wonder the greenback has been so perky of late, rising about 1 percent against the former this month and over 2 percent against the latter. In addition, both heavyweights tend to drag along major satellite currencies with them — the British pound, Swiss franc and Scandies for the euro, a bag of Asian currencies led by the Korean won for the yen.
The Lava lake in Halemaumau crater is rising slowly. Today it overflowed the vent hole at the bottom of the crater and is plainly visible from the observatory overlook.
Toronto Motive? Maybe a chemically induced Russian on leave from Syria?
