Hello Pezz, Tonight’s Report:
(1) Added to Silver Standard finance.yahoo.com @ 44.88
(2) Further reinforced Golden Star finance.yahoo.com @ 3.61
(3) Solidly enhanced Pan American Silver finance.yahoo.com @ 36.87
(4) Newly established Kinross Gold finance.yahoo.com @ 20.08
… all for ever worth-less USD, money of the wastrel Empire, one that is bogged down in the two places that typically, as in always, bog down empires, while its coalition of the stupidly willing and now its stab-me-in-the-back and less-than-enthusiastic British, Japanese, and Australian allies, as the UN mandate for foreign troops in Mesopotamia is about to expire and the treasonous Iraqi officialdom has already said they will not be seeking the renewal of same UN mandate, which then marks all foreigner troops and mercenaries as invaders and conquerors.
In any case, CB Ilaine's friend, Putin, will probably veto any all renewal of mandate as the Iraqi officialdom, having earlier and astutely returned Middle Kingdom China’s oil concessions to China, rejected same treatment for Mother Russia, probably at its Empire chief sponsor’s short-sighted and undiplomatic request.
What a mess.
(5) Established new and substantive geewhizbangohwhoawee position in Baffinland Iron Mines Corporation (BIM) tsx.com at CAD 4.4 and below. The script is that it is a Canadian iron ore miner in far north, $16bn iron ore in ground, $1bn to develop rail infrastructure approx $5 now good for $15. Who knows? It cannot do worse than cash that is already burning.
(6) Issued instructions on conversion of notes and exercising of warrants valued on the books at zero, orphaned long ago (before 2005, records lost) from earlier purchases of Argentine Cresud farm land finance.yahoo.com and Argentine IRS cityscape finance.yahoo.com during the biblical Argentine outcome when its entire leveraged and enough unleveraged middle class got a clean slate, wiped clean by earlier attempt at the Zimbabwe solution.
Anyway, those earlier purchases resulted in gains, but also some very illiquid convertible bond notes with attached warrants. The bonds paid out a few times and stopped paying.
Now, today is the last day to notify the authorities to convert logged-at-zero bond units to most valuable shares, and to exercise logged-at-zero warrants for more valuable shares, just as farm land and emerging markets once again come to the fore, so that I might choose to sell off same when in my hot hands and buy into worth-less Detroit cityscape if only to turn it back into valuable farm land.
Bottom line ... got money from money heaven.
Chaos is a gift, crisis a partner, volatility friend, lonely path right way, survive to fight another day. And chaos is closing in, as indicated by a rising . . . YEN, of all units of measure, as opposed to store of savings or terms of trades.
Chugs, TJ |
