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Economies do not get stronger due to currencies. Ever. Economies do not get weaker due to currencies, either. One is a real thing that exists, the other is a medium of exchange and its flow from point A to point B allows us to gauge the relative strength or weakness of the two things at either end. There's this big mental image we're sold by the ignorant media show, one that the finance world conjures up of a scales-of-justice type weighing machine: You're presented with a country's economy on one side and the country's unit of currency on the other and told "this up this down". It's complete bullshit, because only one of those things is real and tangible, the other is a ghost. For sure the most persistent ghost of modern society, but it's still a ghost.
PS: On the subject of spigots (but otherwise totally unrelated), here's hoping that those of you in families with kids enjoy this long weekend. SMBC understands why.
*or at least it ran until 2011, but the inference of ongoing is pretty clear.
Biiwii got you covered on the US BLS jerbs repert, here.
PS: This USD chart shows the main reaction and when it all boils down, it's the need-to-know:
"In the first place, in 1950, I had a 'cosmic dream' in which I saw this image in colour and which in my dream represented the 'nucleus of the atom.' This nucleus later took on a metaphysical sense; I considered it 'the very unity of the universe,' the Christ!"
We are preparing a more in-depth review of the base metal markets for our next issue of the International Speculator. However, I want to bring the matter to Casey Investment Alert subscribers' attention first, as I did with the "come hell, high water, or $1,000 gold" portfolio, because the markets could move significantly before the next edition. Here's our thinking on what to do now:
Clever traders may want to consider shorting copper and iron producers as well, but remember that you have to be right on the timing, not just the direction the stocks move. We have not found a suitable vehicle for recommending as a short position to our readers, but it's an idea for the pros to look into.
- Liquidate any pure industrial metals plays you may still have in your portfolio, unless they can profit at significantly lower prices.
- Hold on to base metals plays that have very strong precious metal components, such as XXXX and XXXX, as they have the potential to greatly outperform market expectations.
- Accumulate cash, wait, and watch for wholesale base-metal blood in the streets.
My thanks for the forward to A. Reader.
UPDATE Thursday evening: And it's...Cateriano.
...has just been sent to subscribers. Something for the (long) weekend, sir. Or madam.
PS Apparently red dwarfs don't collapse. And apparently i'm a dumbass for not knowing that. Fair enough.
PPS: The morons coming over from CEO.ca this morning can now stop. Go back to the asslicker Humphreys at his Frank Giustra bankrolled sycophant entertainment site and stop bugging the people who have a freakin' clue about how they're being ripped off. Ignorance is bliss, so stay blissful.
Whatever you wrote, it was kind of you to take the time.
First those forecasts:
Sep 26 2014: Nickel price to average $20,000 mt in 2015 on ore supply tightness: analyst
Dec 5 2014: Nickel prices should increase, economist says
Dec 31 2014: Mining in 2015: Nickel price promises much
Jan 5 2015: Nickel Outlook 2015: Deficit May Be in the Cards by Q2
March 2 2015: Nickel prices poised to "surge" in 2015: Royal Nickel CEO
March 3 2015: PDAC 2015: Major rallies anticipated in zinc and nickel prices
We could continue. Now the price chart for nickel:
And while we're here, an owl:
Security: Quiet and Well Supported By State and Federal ForcesThe community members that were abducted in the February 6th incident were returned to their families before the end of the month. The 'community police' are engaging in a process to achieve formal recognition from the State and Military authorities. When completed, this will provide them with more resources and training. The State Police and Military continue to effectively patrol the area and discussions have started and will continue over the next few months with the objective of formalizing a commitment for a permanent Federal and/or State security presence. In the meantime the area has remained quiet and construction activities have accelerated.
A great little screed, entitled "Here's why it could get way better for gold". Excerpt:
"...while it has been a patience play for sure, a strong US dollar is one strong fundamental consideration in bringing on a new bull market maybe not in gold, but in the gold stock sector. That is because we are 100% focused on economic cycles now. Not some stupid blathering about a strong US dollar and the Fed’s ongoing Kabuki Theater."I really do dislike the MSM’s utter banality, it’s just that I need them to gauge the psychological aspects of an overall plan that includes so much more than what the average TV star analyst puts out there, not to mention a good chunk of the mainstream financial services industry."
He's started a blog. Go read it here, first entry's up already with great use of some cat GIFs as well.
You've come a long way, baby.
PS: Tekoa Da Silva had caught your humble scribe's beady eye as far back as May 2013, with this interview with Jon Case of Sentry.