Someone forwarded me the actual Credit Suisse writeup this afternoon, probably in an attempt to goad me into criticizing it in detail. Frankly I'd much, much rather read that National Bank writeup, and feel my valuable time would be better spent watching Leafs games.
Which really says something.
Who knows, if I'm horribly bored you might see a detailed criticism here. For the time being, I'll note that their entire 20-page report doesn't even mention India, and you know how much of a sin that is around here. And certainly the full report does look at things in a much less childish fashion than the way it's presented at Business Insider. So really the criticism of the previous post should have been aimed at that Wiesenthal boy-child.
Anyway, here's the news:
Beyond Brics - Randgold warns about resource nationalism. Awfully clever, that West Africa concentration.
Montreal Gazette - Article on Pascua Lama. Because if IKN readers are going to spend another day here, I may as well give them some LatAm stories.
BI - the outlook for US profit margins is fantastic. Margins are already high and they're only getting better. I should check my emails - I seem to remember that someone I was recently chatting with suggested margins were razor-thin, and thus the market should drop. If I'm not imagining things, if that's what really happened, then I should probably stop talking to them.
Beyond Brics - turning radio links into countryside broadband service. Not really immediately related to anything, just an illustration of how modern industrialization tends to include the leapfrogging of older technologies. I think it'll be neat to watch Africa's industrialization, if I live that long - heck, they might ignore distributed electricity altogether, in favour of self-generation at the house or village level.
Mining.com - Blah blah China record gold imports blah blah new Chinese gold-backed ETF. Also,
Mineweb - 2012 Hong Kong-to-China gold flow hit record high. Now, maybe this was just an artefact of the kleptocrats needing somewhere to stash their illegal wealth, and Xi's anti-corruption movement will throttle gold purchases? But still, when a country responsible for a quarter of all gold demand sets a new record for imports, is it time to call the bull run for gold over? And also,
Investors are waiting for a research report from the World Gold Council due next week, which will show whether China overtook India last year as the world's top gold consumer.
I'll be waiting too. Thanks for reminding me.