Thursday, January 30, 2014
Some news for today:
Ritholtz - more US companies are reshoring.
Telegraph - Iran and Iraq plan oil price war with Saudi Arabia. And thus the price of oil will come down. That's bullish manufacturing and bearish commodity exporters, and it's indicative of a secular bull market for DMs.
FT Alphaville - chinese chicken. I think he's talking about Chinese banking system risks. Can't tell for sure; he's trying to be clever and shit. I dunno, you figure it out and let me know.
PS Dave - how are those bought deals looking? The juniors go up a few percent and all of a sudden they all decide to run financings, as if this is their last chance. It'll always be about how much paper you can sell, not how much gold you can mine.