What do the plummeting oil prices tell us not only about our near term economic future in Canada, but the political fragility of the world's petro states?If Canada fully joins the petro state club, as our prime minister and his party desire, is oil's volatility just the cost of doing business, or a threat to our nation's well-being?The ideal person to ask is Terry Lynn Karl, one of North America's foremost experts on the politics of oil. The Tyee recently caught up with Karl, who teaches at Stanford University and lives in San Francisco.
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The seventh year running, I believe:
It's still the best Christmas song ever, no matter how many times I try to stuff it down your throat. Merry Christmas one and all, hope you have a pleasant one with your families, too.
Impossible not to love...
...Rocks, by Primal Scream.
This makes up for tomorrow's Friday OT.
- The US Automotive Retail Chamber of Commerce today said that it's a smart idea to buy a new car in 2015.
- The potato marketing board of Idaho today stated that potatoes are delicious, nutritious and you should eat more potatoes.
- Scientifically based findings in a groundbreaking medical report sponsored by the World Chocolate Council show overwhelming evidence that eating chocolate is good for you, helps weight control and stimulates a higher sex drive as well as imparting more pheromonal scent into the air arround you that will immediately attract the more beautiful and otherwise unattainable members of the opposite sex.
- The Tree Frog Society of Madagascar predicts a threefold growth in the popularity of tree frogs in 2015.
- The Campaign To Prove That The Pope Is Catholic today released susbstantial evidence to support the case that the Pope is indeed Catholic.
- The Fur Coat Club of Canada today released experimental results using cutting-edge brainwave reading technology that proves beyond reasonable doubt that small furry animals enjoy being trapped and killed in large metal trapping devices and that people should take this evidence into account when shopping for their next warm and luxurious winter coat.
By nastily and unfairly and horribly picking on one just one bullshit airbag zero-chance junior exploreco IKN offers insight into many others
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec 18, 2014) - Rokmaster Resources Corp. (TSX VENTURE:RKR)(RKR.V) ("Rokmaster" or the "Company") is pleased to announce its exploration team has made significant progress in narrowing its search for a silver-gold property having near term production potential. Our recent exploration initiative has culminated with the detailed evaluation and identification of three contending high quality properties. Two have near term silver-gold production potential with exploration upside and the third property is currently in small scale production. All three properties are available for acquisition and well located with existing infrastructure in stable jurisdictions in the Americas.
From here, this bright and sunny early Thursday morning:
"Those of you who continue to insist you can even remotely forecast what might happen next continue to reveal incredibly foolish, thoroughly disproved beliefs, despite an overwhelming avalanche of evidence that you haven’t the slightest idea what the fuck is going on now, much less what is going to happen next."
PS: Anyone stupid enough to think CEO dot CA is the place to hang out in order to get good investment advice deserves what's coming to them, good and hard. Frequenting a website that exists for the sole purpose of licking the collective assholes of mining company management proves how fucking stupid you are.
Nicely done by Eric Garland over at his joint. Picture stolen here:
WINNEMUCCA, NEVADA--(Marketwired - Dec 17, 2014) - Paramount Gold and Silver Corp. ("Paramount" or the "Company") (NYSE MKT:PZG)(PZG.TO) and Coeur Mining, Inc. ("Coeur") (CDE) have entered into an agreement and plan of merger, dated as of December 16, 2014 (the "Merger Agreement") pursuant to which Coeur will acquire all of the issued and outstanding shares of common stock of Paramount and the San Miguel Project (the "Merger"). As a condition to closing the Merger, the shares of Paramount's subsidiary holding its Nevada mining assets will be spun-off to holders of the Company's common stock.
In order to spend more time with his yacht in the Med. Link here
Some of the most informative NRs are the short ones that say very little.
GDD002 intersects 48m @ 4.09 g/t Au, 15.82 g/t Ag and 0.22% Cu from 38 m, including: 4m @ 47.6 g/t Au, 90.55 g/t Ag and 0.57% Cu from 60 m. -- This mineralisation is predominantly hosted in skarn and can be correlated on section to previously reported high-value surface channel samples approx. 250m to the south-west. -- Three broad zones of highly elevated copper with associated gold and silver geochemistry returned in assays for the top 228m of this hole, which was completed to 768m. Assays are awaited for the rest of the hole. -- The significant intersection in GDD002, in combination with GDD001, provides further evidence of a large, strongly mineralised porphyry system at Misima. -- The new results have helped define a structural corridor within which upper level propylitic or halo alteration and associated porphyry mineralisation occurs, suggesting that this is the priority target area for further deep diamond drilling. -- Scout diamond hole GDD003, located 500m to the south-east from GDD0002, is currently at a depth of 631m.
UPDATE: Best feedback received so far is from reader M: "Why didn't they go for 160m at 1g/t, amateurs!"
It's 5.3Mb, it's 142 pages, it's dated today December 16th 2014, it covers all the angles, it's on this link right here. As for the front cover summary:
#1 Benchmark indices & a third year of under-performance: Following powerful price corrections, investors may be tempted to re-establish long exposures. However, US dollar strength should sustain the under-performance of commodity benchmark returns relative to equities.
#2 Living with lower oil prices: We believe Brent oil prices below USD60/barrel would, over time, inflict damage on US oil supply prospects. A more powerful and sustained slump in oil prices towards USD40/bbl would, in our view, be only likely to occur in a much weaker global growth environment.
#3 Natural gas supply growth: With 2015 supply growth likely to exceed the level needed to balance the market, we expect this year’s storage deficit to be eliminated by the end of Q1-15. Building surpluses over the balance of the year are likely to weigh on prices particularly in the summer.
#4 The Fed & gold: Lower oil prices will inflict more damage on the S&P500 than the US real economy and encourage an expansion in central bank balance sheets outside of the US. These may provide pockets of support for gold, but, US financial forces will eventually overwhelm and drive gold prices lower.
#5 The curse of over-valuation: Palladium has taken on the mantle of the world’s most richly priced commodity. While lower oil prices and a falling US unemployment rate should propel US auto sales higher, palladium fundamentals have to remain robust to justify our bullish price forecasts.
#6 Copper’s exposure to the property slowdown in China: Unlike energy, agricultural and bulk commodities, where prices are back to levels last seen in 2009, industrial metal have been more resilient. However, the copper market is moving into surplus and the lagged effects of the weaker Chinese property market will hit copper demand, as a result copper is our preferred short.
#7 Bulk commodities & the US dollar: Depreciating currencies have given bulk producers some breathing space to tolerate further price declines. This may delay the necessary production cuts, which will mean prices drift lower.
Whole thing here. Up to you whather you agree with DB or not.
Not by our feeling, but by others' seeing.
1) FR.to stock pops hard and against the grain of market peers at the open.
2) People start going "Huh WTF?" and the way things are these days I'm roped in (wholly voluntarily, but I'm pulled into the loop all the same) by those looking for an answer. We look together, pool resources, ask around, usual style.
3) Reasonable intel comes back over the jungledrum (and in all these cases "reasonable" involves a vetting process else you'd get to hear about all sorts of sillystuff rumours on these pages).
4) Instead of keeping the reasonable junglydrum snippet inside the usual walls, I pass it on here at the blog to (as noted yesterday) 'level the playing field', as it kinda irritates me that there's this two tier rumour system in Canada that rarely lets retail in on the juice.
On October 21st Casey Research charged its bleating flock $20 for its "Prepare For the 2014 Crash" report. And after urging you on by saying (and we quote)...
"Now is the time to take action. Not in the next few months or even in the next few weeks—Right now."...in the panic-laden Crash report, let's see how the Doug Casey prediction is panning out. Unlike the memory-lapsing Olivier Garret who tried to lull us into some revisionist bullshit on November 26th, we at IKN are clear about the main calls and trade recos offered by Casey Research in its paid-for panic call in October. The integral parts of the plan were the following:
- The S&P500 hasn't crashed, it's 2 1/2 % over the last eight weeks
- Also true for KRE, which is up 3%
- IYT has been higher of course, but it's still 5% up in the period
- Meanwhile, the safe haven call of gold, the one that should have gone up, is down by nearly 5% in the period.
, /CNW/ - Pacific Potash Corporation (TSX-V: PP) ("Pacific Potash" or the "Company") announces that its personnel in have advised that the funds wired to in order to make the tax payment due to the DNPM at the beginning of December were not received for unknown reasons and therefore the tax payment was not made by the required deadline. As a result, management has been advised that the Company's tenemants in may be revoked by the DNPM. The new management team for the Company is working to resolve this matter as soon as possible.
UPDATE: An extra thought here
“Oil prices have dropped $50 a barrel. That may not sound like much. But when you take $107 and you take $57, that’s almost a 47 percent decline…!”–James Puplava, The Financial Sense News Network
Ah, now that's almost as good as "Waste Not Throw..." below. From here
Sarcasm is the lowest form of wit. I vary my wit to suit my company.
No white people dead.