Monday, July 14, 2014

Some noon news

Some Monday morning blather for you:

Economic Times - monsoon showing signs of revival. Quote:
"Activity is shifting towards central India and some parts of northwest plains. Conditions are favourable for further advance of southwest monsoon into remaining parts of west Madhya Pradesh, many more parts of Gujarat, east Rajasthan and some more parts of west Rajasthan," the Indian Meteorological Department had yesterday said.

The agency has added that it is expected to be rainy for the next 48 hours due to a weather system (low pressure) which is seen extending from east Madhya Pradesh up to Odisha coast. Rain in central India is also expected to increase further in the next 48 hours, becoming fairly widespread with some isolated heavy showers likely in Madhya Pradesh, Vidarbha and Chhattisgarh.
So quit your whining.

Times of India - monsoon reaches Delhi. Like the precip forecast map says. Now let's see if the rainfall can catch up to where it's supposed to be.

Mineweb - Jeffrey Currie doubles down on his gold ultradoom forecast. He still calls for $1050 apparently. Is that the only reason gold dropped today, because Goldman Sachs said so? Because I've already mocked Currie and set him to ignore.

World Complex - silver draws squiggly lines in phase space, therefore something or other. Wherein he analyzes silver prices in context of his weird phase space hobby. It seems he's suggesting silver goes up from here, or something.

Mineweb - Lawrence Williams thinks the bullion bank shorts mean there's an imminent smackdown. Uh, no, Larry. That's not how it works. The bullion banks hold short positions because they're the counterparty to long gold bets.

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