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I thought this was Zero Hedge? Pussies.
FMXconnect did a wayyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy better job a couple days ago.. on the collar trades.. $1,700 - $2,000.
OT, but important for those who get most of their news from ZH... ;-)
Workers at Fukushima claim that cracks are appearing in the ground at the plant and radioactive steam is escaping form the cracks.
If true, this could be the start of the China Syndrome scenario.
Not good... :-(
Thanks for the Heads Up!!
++++++++++++++++++ on we are all going to die soon!
if we were back in Greek times I would have you killed.
get it? kill the messenger?
It seems, the core has left the building.....
Where the fuck is that skank Fonda when you need her?
Can I get a fuckin' witness here?
Amen!! Preach It!!
Drill Baby Drill!
Sort of OT question, but not much. Silver and gold have been moving in lockstep for the last 20 hours, even down to the smallest moves.
Anybody know why? Recently, they've been ignoring each other?
I noticed this too. Any info is good info...
I thought she looked pretty good in "Klute". Last time I saw her was at a movie theatre in Santa Monica with her then husband Tom whatever a politician at the time.
She was on Charlie Rose just last night promoing a new book.
Well, a Charlie "Look at my Gravitas" Rose appearence means she too is establishment.
Workers at Japan's Fukushima plant say the ground under the facility is cracking and radioactive steam is escaping through the cracks. The cooling system at the plant failed after the devastating tsunami hit Japan in March, sparking a nuclear crisis. But new evidence suggests that Fukushima reactors were doomed to cripple even before the massive wave reached them. RT's Anissa Naouai talks to Dr. Robert Jacobs, a Professor at the Hiroshima Peace Institute.
we may have a new volcano, soon, eh?
nothing to see here...tents will be in place, conditions permitting, for those who are not raptured. trust us!
F. S. I have been taking: sea adine, Spirulina and liquid zeolite since March as have my loved ones. Most people give this no thought but this is a growing calamity and clean up will take 10-20 years. I choose not to die a lingering cancerous death decades from now because I thought it couldn't happen to me. Thanks for your intermittent posts on this truly scary issue.
One thing I just found out is that last spring hippo hips Hillary Clinton made a deal with the Japanese agreeing that foodstuffs coming from Japan to the U. S. are safe and need not be monitored for radiation. (Remember when right after 9-11 EPA Director Christie Todd Whitman said the air in NYC was safe to breath.) To date more people have died from the results of contaminated air after 9-11 than died in the direct attacks.
@Tuco - you might want to check out ZeoForce zeolite (powder) on Amazon, it has better potency reviews. Chlorella is good too.
Regretably much appreciated, thanks for the link.
This can only mean the corium (molten fuel) has melted its way down to bedrock. FUCK
I had been hopeful the Japanese would have contained this within ten years. Compared with Chernobyl, which is due to finally be completely sealed off in 2015, I had a good degree of confidence Japan would have tackled this catastrophe efficiently; if indeed the corium has reached bedrock, it is likely to never be fully contained. This is horrible news for the world, even worse for Japan.
Crap. That "George Washington" dude was right all along.
Georgie is the shiiizzzelll!
OT--macondo oil well still leaking, according to this blogger, but i haven't seen anything to verify:
WOW, only 3 posts in, and the whole article is hi-jacked, away from discussion of gold, on to Fukushma.......these be some high class whores...........
The farmer has hedged his exposure to wheat prices, he no longer cares whether the current price rises or falls, because he is guaranteed a price by the contract. He no longer needs to worry about being ruined by a low wheat price at harvest time, but he also gives up the chance at making extra money from a high wheat price at harvest times. Thanks.
Investment and accumulation goals is planning how to accumulate enough money for large purchases, and life events is what most people consider to be financial planning. Major reasons to accumulate assets include, purchasing a house or car, starting a business, paying for education expenses, and saving for retirement. Thanks.
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Need to get some conversation going somewhere regarding the Roubini versus ZH subject that has kicked up today. Of course, it also means ZH gets some more deserved attention too.
Moles are eating my hedge
...get yourself a rodentator....and some ear plugs.
i'm short...i'll admit it...sucks r now...long goldschlager...
A gold business must hedge their production. They are not speculators. They are producers. They must sell all they can at a profit. If they can lock in a profit now, that is for the best. The company (and jobs) will be here next year then.
If they held onto more gold, they would get crushed in a downturn. Cash flow is key for miners.
Besides who says the bank won't just sit on the gold?
Wrong! If they want shareholders they'd better not limit entirely any upside potential in the underlying asset. Best to hedge a percentage, not all.
Yeah, as a former shareholder of ABX I was just delighted by their hedging....a brilliant strategy.
After all investors buy gold or silver miners because they believe the price of the metal is going up....they do not want to find out production was sold forward at today's price.
I have heard from many sorces that base metal miners are not very brite. It makes sense that they would put themselves in a losing position.
sure berrick gold was putting hedges in at 300 gold .. they really had it nailed ..lol
hedgers are not the brightest bulbs in the room
dumpster, Barrick is a Khassogi/Bush/Some Canadian oligarch play. The details are available all over th eweb and print. As are most large miners in the world.
You think they will own the physical and not own the source? Gold is not a safe haven in my book. Too many surprises hidden up their sleeves.
It's not "normal" gold time. The global fiat currency collapse thing seems to happen about once, oh let's see, about once so far in human history. The nation or nation's backing the three largest tradable currencies, dollar, yen, and euro, are all insolvent and they can't hide it. I suppose one could compare it to debasement of Roman currency, arguable global, but not fiat.
This is all new, we're off the reservation. Mining hedges don't tell me anything about what money is going to be 5 years from now.
this time is different.
Those one-in-a-trillion events seem to be happening a lot more often nowdays. This time is very different in many ways.
A trillion ain't what it used to be.
btw slim "hedged" his ag a while back...just saying...
This article is for you:
hell I knew that already thanks though
btw minera frisco owns six mines I believe...at least five mine ag if I remember correctly
Some juniors are forced to hedge in order to secure the financing needed for developement. GSS probably fall into this category....
the big money is getting physical from the mines and buying future production with lose little deals. the miners are being shorted heavily and weak hands are leaving in disgust. the strongest hands for the most part happen to be the biggest crooks. most here know the names.
there is nothing safer in these perilous times than physical. if they return to gold based paper then they will have to devalue against it and if not its happening anyway.
i have trouble understanding why anyone would be anything but physical at this point.
Slightly off topic, but worth a try: I have a good portion of my money in physical gold and silver, but also a good portion in PHYS, Sprott's gold trust. Any opinion on the safety of this? I've read everything i can find online and it seems safe. Seems a lot better than GLD, obviously, but am considering liquidating and going to coins.
Thanks in advance if anyone has any thoughts or experience with PHYS.
just curious. but do you live in canada or the lower 48? the reason why i ask, isn't sprott located in canada? might make a difference if one day, you wanted your stuff and then we have the weird shipping situations going on nowadays.
I live in the lower 48, but not too far from the bank where the gold is. But I just read that you need to have around 600k in the fund to be able to redeem for physical. I have much les than this, so I would only be able to trade the ETN. I would think it would keep it's value much better than other paper gold, but, still, it's a bit unsettling.
By the way, I've appreciated your posts on ZH the last few months I've been reading the threads.
I believe the redemption is in 400 oz bars only so you can do the math with regard to how many share would equal that amount taking into account the present discount/premium on NAV.
Sprott seems trustworthy, but look what happened to Kitco, a highly respected company. Big brother can come in at any time and shut down the entiry holding your gold and you are screwed! Keep it, "cool, dry and nearby"! I invented that phrase by the way. Hasn't made me a dime though (90% of course):)
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