Tuesday, December 11, 2012

Various newsbits



Bespoke - Transports threatening a breakout? That would be economy-bullish, no? Too bad the talking heads say we have to wait for the FOMC before taking a position because supposedly monetary policy at the margin will be enough to destroy the US expansion that everyone says isn't happening.

Bespoke - Industrials take the lead? That would be bullish, no? And after all that talk about robotics destroying the US economy! Too bad the talking heads say we have to wait for the FOMC before taking a position because supposedly monetary policy at the margin will be enough to destroy the US expansion that everyone says isn't happening.

Biiwii - Wharrgarbl FOMC wharrgarbl money supply. Sound and furries signifying nothing? Gary, I suspect at this point that you've been suckered into thinking monetary policy at the margin (what the FOMC does) can get in the way of economic expansion in the US, the bottoming of the depression in the EZ, and the consequent export-led growth in Asia. I think money supply tinkering only applies in a dysfunctional market, and we're (US certainly, EZ possibly in the future) moving back to a normal organic expansion. And I think those analysts who fail to change horses will get burned. But we'll see.

Beyond Brics - India's trade deficit skyrocketing. Interesting... so why is the Indian market up? The chart is the chart, boys.

FT Alphaville - an example of corruption, incompetence and stupidity in the Chinese banking sector. Corruption, incompetence and stupidity in China? Anyway, look at how a load of savings accounts have disappeared in this story and understand that gold isn't going away any time soon in China. Seriously: all those "fiat Weimar Zimbabwe" arguments you hear from the goldbug crowd are silly fictions here in the west with our 600 years of banking history; but they apply perfectly reasonably in China.

IKN: Calibre Mining sucks yet AQM Copper is teh awesomez. Apparently his reasoning is that BTO plowed $1.5M into CXB's JV in Q3 therefore they suck, while Teck considers AQM's Zafranal a marginal also-ran that they'll never in a million years spend $1.5 billion dollars to put into production therefore AQM is awesome - like Sabina Silver or something. Thus AQM's positive hopeful encouraging well-at-least-they-released-it PEA doesn't budge them up from 9 cents while one good hole from Primavera will double CXB's share price from here, and BTO's drilled something like 16 of them at 500m a piece so they must be sure there's something there to hit.



UPDATE: AQM's now up to 11.5 cents because someone wanted to buy $15K worth of shares on the PEA release. A whole $15K of shares. On the PEA release.

2 comments:

  1. A saucer of milk side-order with that update, sir? Certainly a good thing CXB recovered from that lapse down to 17c this morning and is hanging tuff at 17 and a half...you go grrl

    ReplyDelete
    Replies
    1. You show me the boutique houses and Swiss private banks that are accumulating AQM right now.

      Delete

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