Going short the Yen, yesterday Japan had its first annual trade deficit since 1980. The countries demographics are deteriorating which will affect its ability to internally fund its deficits. Japan’s debt to GDP make the PIGS look tasty.
Long YCS
Nat Gas today is probably where gold was 20 years ago, it could be very wise to buy some and just forget about it for 10 or 20 years.
I agree completely that a 1% fed funds rate would be a better policy. It amazes me that guys like Evans (fed gov) makes statements like we need these ZIRP rates and more QE and that savers have to expect to suffer pain just like everyone else. How do they expect the economy to pick up when retirees and savers have no discretionary income?
Westcoaster, Slams link free through most interenet cable providers:
That's frustrating, but try this, MSFT tech number is 1-800-936-5700. Call and explain the situation and see if they will help. I did this with some problems a few months ago and they were helpful. Still a frustration experience.
The south to north trench sort of reminds me of what they are trying to do in Honolulu with ramming rail down our throats. Also since it runs south to north they have to fight against gravity pump/pull the water up.
SLB seems to be givig up the ghost. WLL is being punished for lowering outlook due to rigs getting to an area late, seems short sighted but that's the market. WLL should be monitored if your interested in an oily play and excellent assets.
P.S. Westcoaster it was a pleasure meeting you, if you have time and want to play again let me know.
Take a look at a 5 minute chart of WPRT from yesterday. This type of movement in a day is crazy. This type of movement/action has been going on for months. The veteran trader and the retail investor has just said scr_w it who needs this.
Sure WPRT has recover some today, but people have been ground down by this type of action. You can make money playing price movement and giving targets to the computers.
I remember Lee Cooperman saying about three months ago, with a group of traders he has had dinner with once a month/quarter for about 20 years, that this was the least amount of money they have had committed to the market in those twenty years.
Europe, in 2003 I was playing tennis in Europe and Italy in the town of Cervia about two hours below Venice. My friend who told me about the ITF tennis schedule over there wanted to take me to this grocery store. What an experience, pigs with heads, baloney three feet around just a completely different and nice experience from America.
Cervia has not been westernized for sure by the global homogenization of the world. Makes me want to go back there soon and get my tail run off by the European clay court players.
Tell me why again I sold RIG this morning. Anyway nice memories and stories I could tell from that trip.
OT: Westcoaster. Tennis, I play at Diamond Head Tennis Center on the backside of Kapiolani Park about 3-4 days a week usually in the middle of the day after mkt closes, but flexible.
If you are in town and want to play at DHTC let me know. This goes for anyone on this board. BTW, its within walking distance of south Waikiki. Today's weather looks iffy.
Jeff said, " Ive tried everything under the sun for chronic back pain including every natural substance out there and nothing works, period."
I had back pain for 12 years, I started doing Bikram Yoga, after my third class my back pain went away. As long as I practice twice a week I have no pain. It is not a free lunch, its hard.
You might give it a try or another type of yoga if you can't handle the heat.
Jeff, excellent points. The first thing I want to study after the maketing from said companies are the double blind study results, who did the study, and the number of participants in the study. If there are no double blind studies to support the claims, I back off.
Here is one that looks promising on the benefits of Nitric oxide from
Ron, I commend you for having an open mind. When I bring up alternative approaches to my doctor, it is like hitting a brick wall. I do not even bring up the subject anymore.
If you have the time, I would be interested in his herbal therapies for heart disease and cancer or where you/he would go to learn more. TIA
I'm still trying to get my hands around this issue myself. The first thing you should do is get a copy of your customer agreement and see what it says with respect to the above.
Second, I talked with SIPC today about their coverage and they made a very big distinction between commodities and securities. They will not cover commodities. They do cover futures such as SP500, 10 Year Note etc., but not grains, zinc, gold etc.
You should do your own research till your comfortable with your own situation. I hope this helps a little.
Midway Drills 334 gpt Gold at Tonopah Project, Nye County, Nevada 12/08 08:47 AM
DENVER--(BUSINESS WIRE)-- Midway Gold Corp. (MDW:$2.60,00$-0.0100,-0.38%) ("Midway" or the "Company") announces that drilling in the Discovery Zone at its Tonopah Project (previously named the Midway Project), Nye County, Nevada has identified multiple high grade intercepts listed below:
0.4 meters of 334.9 grams per tonne (gpt) gold and 1.5 meters of 78.41 gpt gold within a zone of 45.9 meters of 7.68 gpt gold in drill hole MW11-09c
0.5 meters of 88 gpt gold within a zone of 47.9 meters of 2.02 gpt gold in MW11-05c
2.7 meters of 17.5 gpt gold within a zone of 21.6 meters of 4.83 gpt gold in MW11-07c
In addition, the drilling also encountered longer intercepts of:
46.6 meters of 2.67 gpt gold in MW11-08c
30.5 meters of 2.09 gpt gold in MW11-11c
52.4 meters of 1.99 gpt gold in MW11-04c
44.5 meters of 1.13 gpt gold in MW11-06c
Additional drill intercepts are listed in the table below.
Ken Brunk, Midway’s President and COO said, “We are pleased with the grades and length of our drill results in the Discovery Zone. Our 2011 drilling confirmed that the higher grade gold zones occur within lower grade blanket-like gold mineralization. This allows us to evaluate various mining methods including open pit or underground methods and select the best approach for the project.To avoid confusion with the company name, the Midway Project has been renamed the Tonopah Project.”
The Tonopah Project is about 15 miles north of the town of Tonopah, Nevada, and Midway’s 2011 drilling program used core drilling to closely define structurally controlled mineralization which was previously only partially tested by RC drilling. Detailed core drilling was essential to identify the true width and orientation of the veins. The drill program totaled 3,970 meters of core with 1,562 meters in the Discovery zone, 902 meters in the 121 zone, 652 meters in the Dauntless zone, 609 meters in the 63-77 zone, and 245 meters in a geotechnical hole near the site of a possible future mine shaft. Drill intercepts for the Discovery Zone are reported here. Assays for the other zones remain pending.
Discovery Zone Drill Hole Gold Intercepts, Tonopah Project, Nevada
Core drilling was conducted by KB Drilling of Carson City, Nevada. Samples were assayed at ALS-Chemex Labs, in Sparks, Nevada by 30-gram fire assays. Metallic screen assays were completed by Florin Labs in Sparks, Nevada. Results reported represent thickness along the trace of the drill hole and do not necessarily represent true thickness.
This release has been reviewed and approved by Mr. William S. Neal (M.Sc. and CPG), Vice President of Geological Services, and a "Qualified Person" as that term is defined in NI 43-101.
ON BEHALF OF THE BOARD
“Kenneth A. Brunk”
Kenneth A. Brunk, President, COO and Director
About Midway Gold Corp. (MDW:$2.60,00$-0.0100,-0.38%)
Midway Gold Corp. (MDW:$2.60,00$-0.0100,-0.38%) is a precious metals company with a vision to explore, design, build, and operate gold mines in a manner accountable to all stakeholders while producing an acceptable return to its shareholders. For more information about Midway, please visit our website at www.midwaygold.com or contact R.J. Smith, Vice President of Administration, at (877) 475-3642 (toll-free).
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release contains forward-looking statements about the Company and its business. Forward looking statements are statements that are not historical facts and include, but are not limited to, statements about the Company's intended work plans for the projects and resource estimates. The forward-looking statements in this press release are subject to various risks, uncertainties and other factors that could cause the Company's actual results or achievements to differ materially from those expressed in or implied by forward looking statements. These risks, uncertainties and other factors include, without limitation, risks related to the timing and completion of the Company's intended work plans for the projects, risks related to fluctuations in gold prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Company's properties; uncertainties involved in the interpretation of drilling results and other tests and the estimation of gold resources and reserves; the possibility that required permits may not be obtained on a timely manner or at all; the possibility that capital and operating costs may be higher than currently estimated and may preclude commercial development or render operations uneconomic; the possibility that the estimated recovery rates may not be achieved; risk of accidents, equipment breakdowns and labor disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in the work program; and other factors identified in the Company's SEC filings and its filings with Canadian securities regulatory authorities. Forward-looking statements are based on the beliefs, opinions and expectations of the Company's management at the time they are made, and other than as required by applicable securities laws, the Company does not assume any obligation to update its forward-looking statements if those beliefs, opinions or expectations, or other circumstances, should change.
Source: Midway Gold Corp. (MDW:$2.60,00$-0.0100,-0.38%)
Agree with your concerns.
MF Globals missing cash mostly accounted for
http://www.barchart.com/headlines/story.php?id=302...
Going short the Yen, yesterday Japan had its first annual trade deficit since 1980. The countries demographics are deteriorating which will affect its ability to internally fund its deficits. Japan’s debt to GDP make the PIGS look tasty.
Long YCS
Nat Gas today is probably where gold was 20 years ago, it could be very wise to buy some and just forget about it for 10 or 20 years.
I agree completely that a 1% fed funds rate would be a better policy. It amazes me that guys like Evans (fed gov) makes statements like we need these ZIRP rates and more QE and that savers have to expect to suffer pain just like everyone else. How do they expect the economy to pick up when retirees and savers have no discretionary income?
Westcoaster, Slams link free through most interenet cable providers:
http://espn.go.com/watchespn/index/_/source/espn3/...
has all the replays and is awesome.
That's frustrating, but try this, MSFT tech number is 1-800-936-5700. Call and explain the situation and see if they will help. I did this with some problems a few months ago and they were helpful. Still a frustration experience.
I still think MS Office is the best.
I'm not sure who provided me with this article but thanks.
http://pointsandfigures.com/2012/01/19/china-the-s...
The south to north trench sort of reminds me of what they are trying to do in Honolulu with ramming rail down our throats. Also since it runs south to north they have to fight against gravity pump/pull the water up.
SLB seems to be givig up the ghost. WLL is being punished for lowering outlook due to rigs getting to an area late, seems short sighted but that's the market. WLL should be monitored if your interested in an oily play and excellent assets.
P.S. Westcoaster it was a pleasure meeting you, if you have time and want to play again let me know.
Maybe this should be settled the old fashioned way, by a game of Chess.
Your Move!
http://www.youtube.com/watch?v=7sjSHazjrWg
Take a look at a 5 minute chart of WPRT from yesterday. This type of movement in a day is crazy. This type of movement/action has been going on for months. The veteran trader and the retail investor has just said scr_w it who needs this.
Sure WPRT has recover some today, but people have been ground down by this type of action. You can make money playing price movement and giving targets to the computers.
I remember Lee Cooperman saying about three months ago, with a group of traders he has had dinner with once a month/quarter for about 20 years, that this was the least amount of money they have had committed to the market in those twenty years.
They are all fed up with the casino type action.
FWIW, Go SLB, two that got away NXPI, BRCM
Thanks baz22.
Europe, in 2003 I was playing tennis in Europe and Italy in the town of Cervia about two hours below Venice. My friend who told me about the ITF tennis schedule over there wanted to take me to this grocery store. What an experience, pigs with heads, baloney three feet around just a completely different and nice experience from America.
Cervia has not been westernized for sure by the global homogenization of the world. Makes me want to go back there soon and get my tail run off by the European clay court players.
Tell me why again I sold RIG this morning. Anyway nice memories and stories I could tell from that trip.
OT: Westcoaster. Tennis, I play at Diamond Head Tennis Center on the backside of Kapiolani Park about 3-4 days a week usually in the middle of the day after mkt closes, but flexible.
If you are in town and want to play at DHTC let me know. This goes for anyone on this board. BTW, its within walking distance of south Waikiki. Today's weather looks iffy.
Grym and others may be interested in this.
http://www.ritholtz.com/blog/2012/01/hoisington-qu...
Jeff said, " Ive tried everything under the sun for chronic back pain including every natural substance out there and nothing works, period."
I had back pain for 12 years, I started doing Bikram Yoga, after my third class my back pain went away. As long as I practice twice a week I have no pain. It is not a free lunch, its hard.
You might give it a try or another type of yoga if you can't handle the heat.
Jeff, excellent points. The first thing I want to study after the maketing from said companies are the double blind study results, who did the study, and the number of participants in the study. If there are no double blind studies to support the claims, I back off.
Here is one that looks promising on the benefits of Nitric oxide from
http://www.neogenis.com/articles-research/clinical...
but I still want to read the study. I have nothing to do with this company just something I came across that seems interesting, if true.
double post, sorry
Ron, I commend you for having an open mind. When I bring up alternative approaches to my doctor, it is like hitting a brick wall. I do not even bring up the subject anymore.
If you have the time, I would be interested in his herbal therapies for heart disease and cancer or where you/he would go to learn more. TIA
Stocks of interest:
WPRT
SLB
RIG
ANR
WLL
Long WPRT, SLB, sold RIG during first hour
I'm still trying to get my hands around this issue myself. The first thing you should do is get a copy of your customer agreement and see what it says with respect to the above.
Second, I talked with SIPC today about their coverage and they made a very big distinction between commodities and securities. They will not cover commodities. They do cover futures such as SP500, 10 Year Note etc., but not grains, zinc, gold etc.
You should do your own research till your comfortable with your own situation. I hope this helps a little.
Peace!
Midway Drills 334 gpt Gold at Tonopah Project, Nye County, Nevada 12/08 08:47 AM
DENVER--(BUSINESS WIRE)-- Midway Gold Corp. (MDW:$2.60,00$-0.0100,-0.38%) ("Midway" or the "Company") announces that drilling in the Discovery Zone at its Tonopah Project (previously named the Midway Project), Nye County, Nevada has identified multiple high grade intercepts listed below:
0.4 meters of 334.9 grams per tonne (gpt) gold and 1.5 meters of 78.41 gpt gold within a zone of 45.9 meters of 7.68 gpt gold in drill hole MW11-09c
0.5 meters of 88 gpt gold within a zone of 47.9 meters of 2.02 gpt gold in MW11-05c
2.7 meters of 17.5 gpt gold within a zone of 21.6 meters of 4.83 gpt gold in MW11-07c
In addition, the drilling also encountered longer intercepts of:
46.6 meters of 2.67 gpt gold in MW11-08c
30.5 meters of 2.09 gpt gold in MW11-11c
52.4 meters of 1.99 gpt gold in MW11-04c
44.5 meters of 1.13 gpt gold in MW11-06c
Additional drill intercepts are listed in the table below.
Ken Brunk, Midway’s President and COO said, “We are pleased with the grades and length of our drill results in the Discovery Zone. Our 2011 drilling confirmed that the higher grade gold zones occur within lower grade blanket-like gold mineralization. This allows us to evaluate various mining methods including open pit or underground methods and select the best approach for the project.To avoid confusion with the company name, the Midway Project has been renamed the Tonopah Project.”
The Tonopah Project is about 15 miles north of the town of Tonopah, Nevada, and Midway’s 2011 drilling program used core drilling to closely define structurally controlled mineralization which was previously only partially tested by RC drilling. Detailed core drilling was essential to identify the true width and orientation of the veins. The drill program totaled 3,970 meters of core with 1,562 meters in the Discovery zone, 902 meters in the 121 zone, 652 meters in the Dauntless zone, 609 meters in the 63-77 zone, and 245 meters in a geotechnical hole near the site of a possible future mine shaft. Drill intercepts for the Discovery Zone are reported here. Assays for the other zones remain pending.
Discovery Zone Drill Hole Gold Intercepts, Tonopah Project, Nevada
Hole No. From (m) To (m) Interval (m) Gold Grade (gpt)
MW11-01C 84.7 89.3 4.6 0.38
103.6 108.5 4.9 0.51
130.5 133.8 3.4 0.38
MW11-02C 96.3 109.7 13.4 1.03
MW11-03C 75.9 83.5 7.6 0.45
MW11-04C 34.2 86.6 52.41.99
includes: 13.7 3.77
includes: 4.0 7.41
108.2 118.9 10.7 4.35
includes: 6.1 7.37
156.4 160.3 4.0 0.79
MW11-05C 44.6 92.5 47.9 2.02
includes: 0.5 88.08
MW11-06C 59.1 64.9 5.9 1.75
69.5 114.0 44.5 1.13
128.9 132.0 3.0 0.86
MW11-07C 62.2 83.8 21.6 4.83
includes: 7.38.71
includes: 2.7 17.5
MW11-08C 52.9 99.5 46.6 2.67
includes: 15.5 6.34
MW11-09C 46.6 92.7 45.9 7.68
includes: 13.7 22.90
includes: 1.578.41
and: 0.4 334.90
MW11-10C 40.5 57.0 16.5 0.69
63.1 80.2 17.1 3.53
includes: 14.6 4.01
93.9 103.0 9.1 1.71
MW11-11C 39.3 69.8 30.5 2.09
includes: 3.0 7.27
includes: 3.7 5.04
75.9 80.5 4.6 2.16
Core drilling was conducted by KB Drilling of Carson City, Nevada. Samples were assayed at ALS-Chemex Labs, in Sparks, Nevada by 30-gram fire assays. Metallic screen assays were completed by Florin Labs in Sparks, Nevada. Results reported represent thickness along the trace of the drill hole and do not necessarily represent true thickness.
This release has been reviewed and approved by Mr. William S. Neal (M.Sc. and CPG), Vice President of Geological Services, and a "Qualified Person" as that term is defined in NI 43-101.
ON BEHALF OF THE BOARD
“Kenneth A. Brunk”
Kenneth A. Brunk, President, COO and Director
About Midway Gold Corp. (MDW:$2.60,00$-0.0100,-0.38%)
Midway Gold Corp. (MDW:$2.60,00$-0.0100,-0.38%) is a precious metals company with a vision to explore, design, build, and operate gold mines in a manner accountable to all stakeholders while producing an acceptable return to its shareholders. For more information about Midway, please visit our website at www.midwaygold.com or contact R.J. Smith, Vice President of Administration, at (877) 475-3642 (toll-free).
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release contains forward-looking statements about the Company and its business. Forward looking statements are statements that are not historical facts and include, but are not limited to, statements about the Company's intended work plans for the projects and resource estimates. The forward-looking statements in this press release are subject to various risks, uncertainties and other factors that could cause the Company's actual results or achievements to differ materially from those expressed in or implied by forward looking statements. These risks, uncertainties and other factors include, without limitation, risks related to the timing and completion of the Company's intended work plans for the projects, risks related to fluctuations in gold prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Company's properties; uncertainties involved in the interpretation of drilling results and other tests and the estimation of gold resources and reserves; the possibility that required permits may not be obtained on a timely manner or at all; the possibility that capital and operating costs may be higher than currently estimated and may preclude commercial development or render operations uneconomic; the possibility that the estimated recovery rates may not be achieved; risk of accidents, equipment breakdowns and labor disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in the work program; and other factors identified in the Company's SEC filings and its filings with Canadian securities regulatory authorities. Forward-looking statements are based on the beliefs, opinions and expectations of the Company's management at the time they are made, and other than as required by applicable securities laws, the Company does not assume any obligation to update its forward-looking statements if those beliefs, opinions or expectations, or other circumstances, should change.
Source: Midway Gold Corp. (MDW:$2.60,00$-0.0100,-0.38%)
That's it for the day. GL
http://www.youtube.com/watch?v=vuavUFzXX1w&feature...
Halt, Mr. C is back.