Monday, January 20, 2014

A few evening reads

Here's some stuff worth reading:

New Deal Demoncrat - why the decelerating trend in housing and autos is a concern. I still think he can't get from there to "therefore a recession is coming". One concern I have is that he's using year-over-year graphs. Still, I'm open-minded. Another concern I have is that this last recession was nothing like any of the previous recessions on that graph (except maybe the early-90s one, or at least we in Canada were crippled for as long in that one). Still, I'll wait and see where NDD is going with this.

der Spargel - Greece arrests two suspects in arms deal corruption. Only tangentially mentioned: the bribes came from Germany. Not at all mentioned: when the Greeks were bankrupt, Merkel paid a visit to Greece specifically to ensure that they weren't going to cancel the deals they had made to buy german tanks and submarines. Again, if you want to play the race card in your European "analysis", you had better first admit that the Germans are exactly as corrupt as all the rest of Europe. They're just corrupt over stealing taxpayers' money to buy unnecessary items that are only good for murdering people.

Reuters - gold futures likely to gain past 1-month high. It's not really rah-rah though:
"Gold and silver looks good in the short-term on the back of Chinese buying for Lunar New year and commodity index rebalancing in favour of gold and silver," said Gnanasekar Thiagarajan, director with Commtrendz Research.
Those aren't long-term catalysts for an improved gold price, unfortunately. However, I liked this quote:
Holdings in SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, rose 7.49 tonnes to 797.05 tonnes on Friday - the first increase in a month.
GLD holdings went up? Really? You mean whitey isn't still selling?

John Kaiser - a rocking-chair nation or venture capital rockers? I'll let Kaiser take this one himself:
This unrestricted blog article is intended to alert everybody about an important potential proposal floated by the securities commissions which would allow non-accredited investors to participate in private placements within certain limit. I believe bringing retail investors back as active and direct contributors to exploration programs is critical to keeping the resource juniors alive while we wait for sharply higher metal prices to bring institutional sector back into the sector.

The article also discusses what appears to be an agenda by the banking establishment to destroy a Canadian institution and replace with a rather creepy form of custodial control. I bring it up because I've heart that the bank brokers are going to dump on the retail investor exemption.

Please forward this email to anybody who you think should know about this proposal.

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