Loading ...Comment
1:14
Im going to wish you a MERRY CHRISTMAS too,you just gave me one !
Wheaton Precious Metals is my Largest holding !………thanks for that POST !
treefrog
I bet the tax man ends up with a bigger cut but at least the uncertainty is gone. WPM is one of the few PM stocks I’d term a “Blue Chip.” Wish I still owned it.
ipso, re: 20:32
it will be interesting to see wpm’s share price action in the next few days. the news release called it an “excellent” outcome, but news releases are almost always up-beat. what the market thinks will be reflected in the share price.
alex,
paris? early ’60s? i was there in school the summer of ’65. i loved it. i have been back a few times, and it has changed. for the better? the worse? i liked it better in ’65.
there is a cheap hotel in the rue beaunier near port d’orleans that i am fond of. it is run by a family of algerians. their kids taught my kids some french slang i would rather they had not learned.
Treefrog – your analysis is correct
In the mid to late 70’s I knew a fellow in Brussels who represented big NYC banks , and worked with IMF in mineral rich central African states . He would pitch megabucks plants to extract the minerals , get the IMF to back the deal and hand off the financing to the big banks in NYC . Americans would construct the plants , take them all the way through commissioning , then turn over the plant to the locals . Soon the operators would tear up the equipment through rough handling , no one knew how to repair or maintain the plant components , and soon the sources of revenue dried up . Bondholders would eat the losses . The banks were happy .
BTW both this fellow and his wife were the types who could be on the cover of GQ and Vogue .
The same type your post a day or two ago about the elite class in France spoke of .
On that topic , I spent a couple of years in France in the early 60’s . One of my last assignments was in Marseilles . This was just after France gave Algeria its independence . There were many Pieds Noirs ( French nationals who had been in Algeria for generations and now returned with pockets of money ) in Marseilles and other parts of France . Many Algerian ‘Arabs’ also came . It is my understanding that now , 50 + years later , more Arabic is spoken in Marseilles than French . On virtually my last day in France at that time , I was touring Paris on foot , and was approached in the park next to the Eiffel tower by one of the Pieds Noirs , very well dressed , who wanted me to witness the fact that he was being accosted by a very angry elderly Parisian lady . The lady was turning the air blue at his expense . Turns out that she was blaming his type for raising rents in Paris to the point that she lost her lease . The influx of Algerion money created demand which left the native Parisians out in the street . Similar to Asian money flowing into US real estate now .
Donald Trump Surprised Mika Brzezinski Not Banned for ‘Butt Boy’
south africa…
…will very likely follow the pattern set by zimbabwe. it’s not hard to predict. large white owned commercial farms will be seized, broken up into smaller tracts and given or sold cheaply to landless blacks. in the process, quite a few politically well connected blacks will become wealthy. some, very wealthy, depending on how high they are in the patronage tree.
the thorn on the rosebush is called “economies of scale.” south africa is not a garden spot. to prosper in the farming business there is a capital intense business. bored wells, pumps, irrigation systems, (it’s on the dry side there) tractors, combines, etc. a 750 acre (300 ha.)farm with a farmer who knows what he’s doing can make a nice living (weather permitting). break that up into 15 tracts of 50 acres (20 ha.) and distribute them to fifteen families of landless blacks, and it falls apart. nobody does maintenance on the pumps. nobody knows how to service the tractors…. total food produced will begin to drop off rather sharply. shortages, famines, hunger riots in the urban areas as less and less food comes in from the countryside…
farmland isn’t the only thing that will be hit. we can expect the mines, factories, etc to be looted piecemeal, but the farms will go first.
commish @ 9:27 on December 13, 2018
Wheres the PIC of Creepy JOE groping a child of another Senator and the Senator pushing JOE away from his child ? They all know what he is ..a Pedo ….
I dare him to run against Trump ….Trump will brand him instantly and destroy him.
https://duckduckgo.com/?q=biden+%26+child++creep&t=ffsb&ia=videos&iax=videos
on top of this oif you click to watch the videos of this creep doing his thing..GOOGLE tries to protect him by threatening you with this warning ! They will TRACK …. YOU !
“YouTube Privacy Warning
Buygold @ 17:38 on December 13, 2018
Wheres the OUTRAGE from the MEDIA against such blatent RACISM from S.AFRICA .Wheres the calls from the United Nations for their sanctions against S.Africa …?
Dosent anybody even CARE ?
Ipso
Those effing savages in SA need to take their land back and go back to starving themselves WITHOUT the aid of white countries.
Some things never change.
silver still doing better than gold
not a great day for metals prices, but ag isn’t getting beat up as much as au. gold/silver ratio continues to fall – not much, but falling.
historically, conditions which caused au/ag to fall are good conditions for the pm complex in general.
which is the cause and which is the result? cargo cult?
Floridagold
He’s chuckling from Heaven! 🙂
No comment … speaks for itself
Black South African politician urges followers to ‘kill whites’, saying: ‘We will kill their children and their women’
Got a feeling
that any minute we’re going to explode higher
or I guess it could just be gas!
R640
What’s the Fed doing at 2 pm?
The bell weather Trannies are down a big 196…stocks. should follow after the FED at 2pm
https://finance.yahoo.com/quote/%5EDJT?ltr=1
The Greenspan/Bernanke/Yellen put is dead…The FED has milked quantitative easing for all its worth…all that’s left over are stems and seeds…America is going belly up…
The end is nigh, brother, the end is nigh!
World markets are like a pie crust stretched across the roof of a volcano!
Fu Manchu is about to pull the lever to the trap door!
Warbucks signals the trusty Punjab to cut the cords of the rope bridge!
Grease the skids! Happy tobogganing!
Barrick is said to move closer to resolving Acacia dispute
Barrick Gold Corp. has reached an agreement with the Tanzanian government on a $300 million payment, a milestone toward resolving a dispute that has crippled the miner’s subsidiary in the African country, according to people familiar with the situation.
Executives from the Toronto-based producer and Randgold Resources Ltd., which is being bought by Barrick, met with Tanzanian negotiators on Dec. 7, said the people, who declined to be identified as the talks are private. During that meeting, the two sides made significant progress on a deal that includes Acacia Mining Plc paying $300 million in installments. The terms are now being handed off to a tax working group in Tanzania for review, the people said
cont. http://www.mining.com/web/barrick-said-move-closer-resolving-acacia-dispute/