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Bonddad - EU is healing. Or, at least, has stopped collapsing. Which is what for stocks, now?
BIG - 10Y treasuries look like they might resume dropping soon. Which is what for stocks, now?
Bonddad - Japanese consumer confidence spikes. Which is what for stocks, now?
BIG - Is tech really underperforming? The answer is no, if you look at the Q equal weight.
Biiwii - blah blah gold. I've begun drifting away from reading him, since he seems to be distorting his view with too much Apocalyptic Internet Blogger information and very little real data or news. And it seems he's drifted away from me, since he apparently doesn't know that everything that ever needed to be said about the Credit Suisse hack job was said right here on this very blog.
Mining.com - China's investment in Canada base metals to grow? Heh... interesting, the "China will buy up the world's resources" narrative might be making a comeback. That'd be nice. Then again this might just be entirely the fantasy of one wistful journalist. We'll need to wait and see.
Mineweb - junior financing still hard to come by. Well, considering "financing" means your house taking a free 10% vig that you puke into a thin market after 4-month lockup, and considering 95% of explorecos are utter fucking crooks who have zero competence at advancing a project, should it be a surprise that it's become harder to tap the financiers for hookers & blow money? The juniors don't seem to mind - they'll just do more convertible debenture-based shareholder assrape from Waterton.
Mining.com - men found dead in Mexico river said to be executives from a mining company. And pursuant to this, I just thought up a funny joke:
Q: What do you call two exploreco executives found dead in a Mexican river?
A: A good start.
lol. Was their 10 cent insider paper stuffed in their mouths?
ReplyDeleteAgree on biwii, only added his feed last week and I'm about to delete it. He sounds like a poor man's ZH. I can just head to the source if I want to read batshit crazy nonsense every morning.
Speaking of which, Grandich linked this morning to a "report" which is really a bunch of shitty juniors getting pimped by some guy I never heard of, larded with gold Gold GOLD! blather, like this opener from Jim Sinclair: "I knew gold’s first most important number was $1650 11 years ahead of time. I did not think it." Yeah, he just 'knew it', like Kreskin or something.
He continues: "I am telling you now because I know it that gold will go to and beyond $3500. It will be gold that saves a financially collapsing world of debt."
Let the doomer goldpocalypse begin!
Vancouver venture guy has a couple good pieces out today as well.