hello c2, i like fnv much and slw plenty, and shall be selling more puts on any pullback. the accumulation of fnv and slw is an unfortunate part of a very tragic and long game made necessary by inexorable stupidity of the officialdoms around the planet when pressed by the needs of the serfs they rule over.
i took my daughter and son to a birthday party of one of erita's friends, and while there i was accosted by some founders of sizable companies and some p.e. fund manager types asking about gold pricing. the general approach was, "i know you have been talking gold for a long time, and now given qe8 and and and, is gold price still reasonable to buy"
the vector of my answer went something like:
(i) china may have accounted for 40+% of all monies printed into existence over the past decade
(ii) 60-70% of china printed money was allocated to infrastructure rollout
(iii) infrastructure-devoted fiat money is better fiat money in that the money cycles several times through the economy as roads / dams / cities are built using machineries and cement and steel which are in turn produced in factories and quarries and smelters which are built using ..., as opposed to consumption spending where the printed and leveraged money is just used to import a suv
(iv) china, for all the construction, remain under-infrastructured and needs to build more, to make much more efficient its water, power, transport, ... systems, and so china needs to print in order to tee-up its pool of savings by dictation, and as folks are not exactly consuming, tee-ed up their savings shall be
(v) as europe and america has effectively promised to qe8, it makes china's printing decision easier, if for nothing but to even the playing field of exchange rate vis a vis euro, usd and ... japanese yen
(vi) so, what is it about what the usa fed had promised that we refuse to believe?
- that qe8 would be stopped by usa demopublican or republicrat congress staring down the fiscal cliff?
- that jobs can be created out of thin air as easily as money can be printed into existence?
- that the student loans have any hope of being made good based on pupils trained on whatever ethnic group america studies?
- that manufacturing is only a question of energy cost?
- that the tyranny of majority-over-minority policy-making will somehow put the majority at disadvantage of the minority?
(vii) or what is it about the ec ways we do not understand?
- that europe would volunteer to go fiscal-cliffing and give up their socialist ways underpinned by fiat underwriting?
(viii) japan? that japan, after 20 years effective nirp, would all of a sudden be willing to see its export go to zero?
(ix) recommendation: continue to hold true the essential metals
speaking of essential metals, that of silver and gold, i am now outfitted w/ teflon-coated anti-stain / -sweat / -water / -bugs attire complete with accessories of hat, shoes, sunscreen, geewhizbang sunglasses and ohwhoawee tooth brush.
my hair has been cut from short to ultra-short.
i am now ready to travel monday midnight to queensland's gold fields. i fear no intercontinental beachcomber resort in the town of 300 folks living off of grazing animals. i am told that the town has a public library, and maybe wifi.
we the cabal of 4 must make do with living in a motel that features only water, towel, soap and shampoo; but alas no belgian dark chocolate, minibar and complimentary toiletries. i am told we are lucky that the motel has space and so there is no need to stay in the still empty mill with its containerized abodes.
as we shall visit the great barrier reef when on the way out of the mining arena of mill, pits, and claims, and we can do our swimming at that time.
we shall eat our meals at the town's single pub, and i understand we would be welcomed because 60 of the 70 mill staff shall be hired from the ranks of the 300 town's folks. the 60 full-time but by weekly shift workers were laid off at the beginning of the year by the nasty germans as they put up the goodies for sale.
we are now arranging to install more cctv and redecorating some areas of the mill with see-through glass picture windows to improve big-brother observation capabilities and capacities.
i have signed on as the financial strategist team member, complementing the core team of mining commercial manager, the super geologist and the careful lawyer.
we have started to follow up on some earlier agreed options with neighborhood claim owners, and intend to start drilling program on own claims and optioned claims.
supplicants are also at the door wish to get in front of the line in offering up their already piled up rocks for earlier processing so that they can off load salvation on the perth mint in dore form of 90-98% au / 10-2% ag that would be further refined for global dispensing of salvation.
i am building a geewhizbang financial proforma to (i) understand the entire feeding chain of claims to drill bits, to crushed rocks ... all the way to perth, and (ii) help with the financial engineering that guides the actual mechanics of drilling, excavating, dozing, wheeling and dealing.
i have just finished my section of jack's application to kindergarten, and have put profession down as china biz strategy consulting, canada dental geewhizbang and australia gold mining ohwhoawee.
it is too bad that dentists no longer use much gold, especially in china, else i would be truly vertically integrated, from mine to mouth.
more later, and if wifi-enable on location, shall post pics. |
