hello 2mar$, this day's report:
(1) it appears more and more that macro is now the only way left to go
individual stock picks becoming or is already meaningless, and in truth dangerous if done in large position sizes. only for the intrepid and the nimble.
macro situation deteriorating faster than i thought, and i may have to amend my 2018-2026 range for teotwawki
macro says gold, and even gold is questionable when inserted w/ tungsten
am watching ... in no priority other than familiarity
gold, silver, platinum
price inflations (food ...)
usd-yen-rmb-euro currency wars or money coordination
china-usa
china-japan
europe
middle east
trade wars
deficits
debts
pension obligations
student loans
above ought to do it
but can mix in russia some how, though no particular need at this juncture as plate already full
usa housing does not make the cut
and hk real estate only so much flotsam on global direness
instead of often and for past whole lot of years stated 2018-2026 for teotwawki singularity and darkest interregnum, am now thinking 2017-2022
the change of 2018 to 2017 is less consequential than the shift to 2022 from 2026
watch n brief
(2) benchmarking and front-running
Subject: Chinese Vie to Strike Gold Down Under - China Real Time Report - WSJ
blogs.wsj.com
Chinese Vie to Strike Gold Down Under
 Bloomberg News
In a market where decent gold equity deals can be almost as rare as the commodity itself, eager Chinese buyers are scouring the Australian Outback looking to shore up access to future gold supply.
Shandong Gold Group is taking a majority stake in Focus Minerals’s operations after six months of talks on a possible cornerstone investment deal, which had “almost exclusively” involved Chinese-based businesses, according to Focus Chairman Don Taig.
“In the past we have also had some discussions with Australian investors, but they didn’t want to take a big cornerstone position. Shandong, however, is a like-minded company and was prepared to put a premium on the table,” Mr. Taig told The Wall Street Journal.
If the deal passes regulatory and shareholder approval, China’s third largest gold producer by output will take a 51% stake in Focus in exchange for its 227.5 million Australian dollar (US$238.2 million) investment.
While the ASX-listed miner’s stock only took a mild boost from the news, with shares recently trading up just 2.3%, Mr. Taig said directors will unanimously support the deal in the absence of a better offer.
(3) given focus' indicated reserves, noted ore grades, and apparent asset load, for now thankfully i am okay w/ carrying my particular gold venture at cost rather than at any discount to cost, since the cost appears way low compared to replacement as well as other 'market' transaction value
now the key to all goodness is "TURN THE MACHINES BACK ON!"
for once i truly appreciate the phrase from "trading places"
chronicle
Message 28411321 (sept 15 2012)
Message 28415476 (sept 17 2012) |
