Loading ...Variations of this chart have been here before, but this is the one that keeps me going.
stockcharts.com/h-sc/ui?s=&p=W&yr=8&mn=0&dy=0&id=p42505256654&listNum=2&a=131382206
I’ll give TPTB credit for throwing every possible curve at us since last August, but I think when all the dust settles this is about what our future holds. IMO the lows are in, or very close to it. All the Best.
silverngold
That’s what I’ll be looking for tommorrow. Maybe even the beginning of something even better.
there’s a few rumors floating around about taking the duty off world sugar to take the pressure off the corn market. with sugar at $.10/lb, the input cost for methanol would plummet. the extra 4 billion bushels available would let the corn market get back to reasonable. going to bed. leaving for belize tomorrow a.m.
rno
I see somethings stirring with Macmin even if it is care of New Guinea Gold. New Guinea’s been up a bit for the last three days. Can Macmin finally make some money?
The terrible corn crop caused by wet weather has jettisoned the price of milo to $10 at the local level…..Nearly 3 times the average price of the last few years…..We are on the opposite end of the spectrum….Much too dry to have any optimism for a descent crop. Milo is priced per cwt. instead of per bushel and follows the corn price closely….. Both weigh appx 60 lbs per bushel. With much of the breadbasket of the US either too dry or too wet….I expect your $8 corn to become a reality. I imagine any congressman that votes for any Conservation Reserve Program extensions will have a hard row to hoe at election time. All the best.——aggie.
I fully understand the disappointment about the Government of Canada’s record to date with respect to aboriginal matters, when viewed in the context of the UN debate on this issue. And I too could not understand why the Kelowna Accord was scuttled, other than the illogical rationalization that a “new” government likes to come in with a new broom and sweep away much of what came before. Despite all this, I remain an optimist that things are going to get better in relations between the aboriginal people in Canada and the so-call “dominant culture”. When I see Mary Simon turn to look the Prime Minister in the eye, from only a few feet away on the floor of the the House of Commons, as she did yesterday when she came to her key message on behalf of Canada’s Inuit and other aboriginal populations, I have a strong hope and expectation that things are going to improve in ways similar to what we might have expected from the Kelowna Accord. But maybe I am just an over-optimistic dreamer.
For international readers who may wonder what GoldenMaples and I are talking about, we are talking not only about social and moral issues involving aboriginal peoples but also about shared interests and jurisdiction over land and resources, a circumstance that influences where and when mining interests can develop their proposed projects in Canada.
Cheers. Equiz.
No… but you’re welcome to purloin the picture here from the Tent.
I opened it, but it was a real can of worms. <g>
Pretty impressive HUI chart since HUI 35 in ‘01…..Those that crow about how piss poor the gold stocks have performed need only look at that chart….and ask?…..am I in this game for 10 minutes or 10 years??
All the best.—–aggie.
We still have two major problems the vote against at the UN I mentioned last night and the Kelowna Accord both of which are major stumbling blocks to true future both for them and us.
On November 24th and 25th of 2005, representatives of the Government of Canada and all First Nations, Inuit, and Metis communities met in Kelowna, B.C. The two-day conference resulted in a signed agreement – one that promised to redraw the relationship between Canada and its Indigenous peoples forever. The Kelowna Accord laid out a framework within which Aboriginal needs for better education systems, health care, housing and development would be met.
$1.8 billion for education, to create school systems, train more aboriginal teachers and identify children with special needs.
- $1.6 billion for housing, including $400 million to address the need for clean water in many remote communities.
- $1.3 billion for health services.
- $200 million for economic development.
CANADA’S RECORD
In Canada, Aboriginal peoples are the poorest, most marginalized group. While Canada consistently ranks as one of the world’s top countries in which to live, according to the United Nations Human Development Index, when the same criteria is applied to Aboriginal peoples they rank sixtieth or below – far, far behind their Canadian neighbours!
Canada’s Aboriginal policy has been repeatedly criticized both internationally and nationally for violating the human rights of Aboriginal peoples. The federal 1986 Comprehensive Claims Policy, for example, is premised on the assimilation of Aboriginal peoples through the extinguishment of their title and rights. This policy has been criticized by the United Nations, discredited by the landmark Royal Commission on Aboriginal Peoples, and cast aside by the Supreme Court of Canada in its 1997 Delgamuukw decision, which recognized the collective rights of Aboriginal peoples. Yet Canada chooses to continue implementing a policy that, in the words of Aboriginal activist Arthur Manuel, “offers nothing more than modern-day ‘beads and blankets’ in exchange for the birthright of future generations.”
BEST GM
O too bad.. maybe next time.
I may go down Monday afternoon..A few I wanna see are Jim Wille, Aden sisters and Dave Morgan..It will be interesting to see how big/small the turnout is..I’ll post and let you know my findings if I go..Cheers, AuGirl
Are you going to the gold show Sunday or Monday?
doesnt talk much these days about AUA.TO. I never did follow his AMEP(AENP) enthusiasm, but I was always cautiously curious about Adanac - but also glad I bailed out of AUA long ago in favor of Roca.
http://stockcharts.com/h-sc/ui?s=AUA.TO&p=D&yr=3&mn=0&dy=0&id=p73813751815
….Kohn vs Plosser
Yesterday afternoon one of the most bullish gold/dollar bearish comments imaginable hit the tape:
Watch-and-Wait Is Best Policy for Oil Shocks: Kohn
By Greg Robb
MarketWatch.com
Wednesday, June 11, 2008
CHATHAM, Massachusetts — Monetary policy should allow a temporary rise in unemployment and inflation to let an economy find its balance from an oil-price shock, Federal Reserve Vice Chairman Donald Kohn said on Wednesday.
“It may be efficient to allow some adjustment period in which both overall inflation exceeds its desired low level and the unemployment rate is higher than its long-run sustainable level … setting policy in a manner that balances the undesirable effects of a shock to the system on both inflation and employment will tend to be more efficient than setting policy so as to deliver more extreme outcomes in either inflation or unemployment,” Kohn said in remarks to a conference on inflation-dynamics sponsored by the Boston Federal Reserve Bank.
www.marketwatch.com/news/story/story
.aspx?guid=%7B0404E150%2DF28F%2D4729%2D86C6%2D088FDDF2EFCF%7D&siteid=rss
-END-
Kohn’s comments were in direct contrast to the rest of the Muppet Show inflation fighting gab from Bernanke & Co earlier in the week. Talk about The Gang Who Couldn’t Shoot Straight. Surely talk about caving on inflation from the number two at the Fed, in complete contradiction to the number one at the Fed, shows disarray and panic … and is so gold bullish … which WAS to be a feature in this commentary today.
However, in one of the most counterintuitive market performances of all time, just the reverse happened … for no apparent reasons.
The euro is .0150 lower, the dollar is staring at 74 to the upside, gold is slaughtered, and the DOW is getting even stronger. White is black and black is white. At least the Orwellians are consistent. You have heard me remark time and time again that 95% of the time, when the DOW is hit hard and ready to fall apart, it is called higher to sharply higher the next morning. Almost NEVER is any normal follow through selling allowed to spook the public the next morning after a severe market drubbing.
Oh wait, we now have a reason for the DOW to rebound so strongly:
08:19 Philadelphia Fed President Plosser considers rates low by most standards in terms of being accommodative — CNBC
Plosser says it is clear that rates have to rise, though does not provide any clarity as to when that will take place. In response to a question as to whether the recent Fed hawkish emphasis in comments on inflation is a coordinated effort by the Fed and ECB, Plosser says that Bernanke was clear in his remarks on 9-Jun and that those comments by Bernanke and ECB’s Trichet, should be “taken at face value. Plosser says inflation is “serious.” Bonds have extended losses during the interview, while the dollar and S&P futures continue to trend higher. SPM 1345.5, +9.64 to fair value; 10-yr. (12/32) to 4.12%; $/€ 1.5416.
* * * * *
Treasuries extend losses after Plosser remarks
NEW YORK, June 12 (Reuters) - Treasury debt prices extended losses on Thursday after Philadelphia Federal Reserve President Charles Plosser said that the U.S. central bank is very accommodative and that it needs to make sure inflation doesn’t get out of control…
-END-
Clearly Plosser was sent out to neutralize what Kohn said yesterday … The Gang Who Couldn’t Shoot Straight in all its glory.
SO, rising interest rates are now stock market friendly????? The yield on the 10 yr T note finished the day at a new high for the move of 4.21% …
June 10 yr T note
futures.tradingcharts.com/chart/NO/68
Then a picture of what short T rates are doing:
July 2 year T note
futures.tradingcharts.com/chart/TN/68