- Dilma Rousseff (PT): 39%
- Marina Silva (PSB): 31%
- Aécio Neves (PSDB): 15%
- Dilma Rousseff: 42%
- Marina Silva: 43%
The letter, dated yesterday September 12th, can be read in full here. This is how it starts:
"Prizes awarded by the Nobel Committee are not retracted. It remains the obligation of the Committee to disassociate itself from actions taken by laureates that frustrate rather than advancing the fraternity between nations and the abolition or reduction of standing armies. The Committee therefore joins with the public statements of several Nobel Peace Laureates in expressing its regrets over the conduct of the 2009 prize recipient."
...has just been sent to subscribers, 15 minutes before the opening bell on this very pleasant, warm and sunny Friday morning. Time to purchase something.
Which is, "Maybe you should sell at any price over $5, just like we do".
...Rio Alto $RIOM versus B2Gold $BTG, 2014 year to date:
1) George Carlin was a genius. Thanks to recording technology, he still is.
2) It's now 22 years.
3) At the time of Carlin's show it was Iraq Part One. Last year was Syria, today it's ISIS. The future will offer further name tags and incarnations, la plus ça change.
...gold, which keeps going lower.
Yesterday, this post on the cost levels in gold mining today and insight on how production may get crimped by the current gold price.
Not even 24 hours later, this from Yamana (YRI.to) $AUY and the part on its Santa Luz mine in Brazil:
After careful and extensive review, and having allowed a sufficient period of time for optimization efforts, the Company has concluded that the optimal plan for C1 Santa Luz would be to temporarily suspend ramp-up activities, and put the project on care and maintenance while several identified alternative metallurgical processes are evaluated.
The decision to temporarily suspend ramp-up activities at C1 Santa Luz and put it on care and maintenance is consistent with the Company's focus on maximizing cash flow rather than production only and protects the significant inventory of mineral resources that that would otherwise likely be lost permanently to tailings with the current recovery levels.
...the USD index:
1) Scotland Factor: The land of Nessie goes Yessy.
2) The British Pound (GBP) takes an almighty and well-deserved dump.
3) The US Dollar Index, under which the Greenback's relative strength or weakness is gauged, is 11.9% weighted to the GBP.
4) The dollar shoots up.
5) Everything priced in dollars goes down.
6 And as that's just about everything that's heavy if you have a bucketful of it, oil, zinc, copper, gold etc etc, we start to get the feeling about market influence that 51% of Scotland's 4.12 million registered voters get to exert on our interconnected world.
"....chicas peperas are girls that.............. get guys to buy them a drink, or bring the guys a drink themselves (servers typically don’t wear uniforms, so you don’t know). Next thing the poor guy knows is when he wakes up in the middle of the Plaza de Armas…
- Where’s my wallet?
- Where’s my cellphone?
- Where are my clothes? What happened? (more here)
Two employees of the United Nations (UN) were assaulted in an apartment in Miraflores Lima, by a women who apparently knocked them out using a powerful sleeping drug.The victims, one Spanish citizen and another French citizen, had arrived in Lima that same evening and had met a woman in a restaurant in the Plaza de Armas (main square).Apparently after meeting her, the foreign nationals took the unknown woman back to an apartment. There they drank some beers and fell asleep.When the employees of the international organization woke up they found they had been robbed of their cellphones, laptops and money to the value of approximately U$20,000.
1) In the event of an Indy Yes result England (using the name to generalize) would let Scotland use the pound because it suits England, not because of benevolence towards Scotland. Without the Scots, England's currency would be sorely weakened and that's bad for the printing country. The events of the last few days in the forex market make it abundantly clear, quantifiably clear, that it suits England to have Scotland inside its currency zone (just the way it suited England to have the entire geographical island of Ireland inside the pound sterling zone for a full 300 years).
2) Seen Ecuador's economic performance recently, Krugger? High GDP growth, low inflation, constantly improving balance sheet, and all by using the US Dollar. The change there hasn't been in the currency, it's been in the stronger attitude to leadership. Scotland may have a problem in Alex Salmond in the medium-term, but adopting the Pound is not the base issue.
Night of the long knives
That's what the NR says.
AEM's right to use its paper to buy assets. I wish them luck in Guerrero. They'll need it
August 2014: Nolan Watson of Sandstorm (SAND) buys equities. Specifically, 19.5m shares of Luna Gold (LGC.to) at $1.02 per share.
August 2014: Pierre Lassonde of Franco Nevada (FNV) sells equities. Specifically, 8.375m freshly minted shares of his own company at U$59.75 per share.
4) Uranium won't break $40/lb at any point and the sector will continue to get the rah-rah from the promo people still holding their large bags.
I'll say one serious thing about the subject, as you have it on your mind today. A basic issue is the way in which this whole subject of Climate Change juxtaposes on the Maslow Hierarchy of Needs Triangle. You the concerned (and like it or not, you are the concerned otherwise you wouldn't publish on the issue) believe the issue to be a Level One physiological, which threatens everybody. Most of the rest of the world (I'm leaving my position out of this, trying to be observational only) consider it a Level 5 Self-Actualization issue, one that can wait until the other human needs are dealt with to their satisfaction. Or put another way, the problem of having no water isn't a threat for somebody who has water, it will stay as an abstract until some cruel and nasty reality comes a-knocking on the door.
The mindset behind this is the same as the one that sees people die in the Australian outback every year because they didn't fill up a jerrycan of water and put it in the car. It's the mentality I come across in South America (and I've got used to it, can't say I like it but I can handle it these days) of placing trust in an everyday event to a third party who hasn't thought of any potential consequences, the thing goes wrong and then the other guy turns to you and says, "¿Y ahora que hacemos?", which is "And now what do we do?" and is always but always in the plural.
The bottom line is that we humans are naturally (i..e. hardwired) lazy and will only attend to the concerns that most affect us. Maslow saw that, and worked out the order in which we solve problems. Climate change is something that you worry about, and quite rightly too, because you know where your next meal is coming from, you know where you can take your next shit hygienically, there's an opposite sexual organ waiting and available for you, you have a roof and a shirt etc etc. Therefore your neuroses have the luxury of the abstract while the vast majority of people don't care. What's more, the sector to which you're addressing your spiel is populated by people with potentially tenuous employment situations and mortgages (to generalize and characterize) so your concerns become a threat to them and to their most pressing needs. Hence pushback.
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