eztiger
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Posts posted by eztiger
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i checked out the link on the civilisational state - most interesting.
Won't it take you 60 years to learn Mandarin?
It wont take me 60 years to learn how to speak mandarin, understanding written simplified Chinese characters however.....
Spoken Mandarin when explained properly is surprsingly easy to learn, its a very logical language, the hardest part is learning the different tones you need to use.
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I love it when we all play armchair corporals.
Thats why I posted those links on page 8, this thread is full of 'nation state' thinking and thus why most of us in the west have no idea about what China is and what its aims are.
Check out the 1st link to see what im getting at
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I stumbled across these talks yesterday and I highly recommend those interested in understanding China from a cultural and geo political perspective watch them.
Understanding the rise of China
And a more in depth talk by the same guy at the Uni of Melbourne
If anyone does watch them then take note about the differences between the western concept of the 'nation state' and the chinese concept of the 'civilisation' state.
I was already learning Mandarin before watching these, safe to say my learning has just stepped up a peg
Zai Jian!
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This was quite big news back in 2010 - here's a news report from RT
.And this
The USA is nowadays not as omni powerful as it likes to believe and China knows this (along with Russia, Iran etc..). I dont think the flashpoint will be Taiwan any more, I see Taiwan ending up like Hong Kong and Macau which long term will end up being more fully integrated with the mainland once it has reached a similar standard.
The flashpoint in my opinion will probably be for control of the south china sea. The USA is already attempting to gain influence in that area in an attempt to counter chinese influence and I wouldnt be surprised if the USA end up instigating a war with china through its asian proxies (Japan, Australia, Phillipines, Malaysia etc..).
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Nicely done!
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And yet I repeat if US$ is topping again here - as it looks as if it is - the PMs will have a multi month rally.
Disclosure - bullish on PMs 2007 to 2010/11. Bearish till a few weeks ago.
Now: ST (months) bullish. MT (a year or two) - bearish. LT - uber bullish.
If $ does not fall and if PMs do not pick up from right here, will turn bearish ST.
Yup though I dont really expect gold to rocket, my convervative estimate would be for the bottom to be above 1400 by spring next year based on the emerging trend.
DXY continues its mega bear trend and after this current rally runs out of steam I suspect it will rapidly fall into the 78's. Also after looking at 20 year FTSE & S&P500 charts I looks like a 2007'esque correction is close at hand.
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As a slight aside, but perhaps relevant or of some interest.
In the last week all the Chinese State TV organisations were broadcasting news items/programmes on how China would attack the US in a nuclear war. Targets were highlighted on a map and figures given for numbers of casulaties in the US, radiation fall-out levels, where the best places to nuke in order to cause the most damage/casualties, etc.
A few weeks ago a Chinese nuclear sub surfaced off the coast of California and launched some test missiles.
Don't get me wrong, I am not suggesting that China is about to start WW3 but none of those state TV organisations would have broadcast such programmes unless the go-ahead came down from the top. The broadcasts, and the sub, were all a warning. They are also an indication of how confident China now feels.
There seems to be a long game plan going on in China that Western capitalism and Western governments are unable to even contemplate.
When I worked within the MOD I was briefed by the 'security officer' about how hostile intelligence angencies operate and attempt to recruit etc. What stuck in my mind was how he explained how the chinese do their thing:
"If the information the chinese required was a sandy beach the chinese would retrieve that information by collecting each grain of sand one at a time, over a long time until they had everything they needed"
China is master of the long play, becoming the worlds factory,creditor and premier gold hoarder. Within the next 20 years I think the world will be a very very different place.
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What's £250 going to pay for? £40 on Sky, £40 on mobile phone, £50/wk groceries... feck all. Even more feck all if you smoke and drink regularly.
Once you've pawned the silver, kids guitar, golf clubs, etc...
Yet we're recovering?
I wouldnt be surprised if this was a bit of a red herring and this lack of savings could be attributed to them depositing/investing elsewhere without HSBC's knowledge. While I believe there possibly would be this many families in such dire straits at present you have to consider that HSBC offer such p*ss poor saving products to plebs that there is no incentive to leave any more money than necessary in their grubby mits. I certainly dont!
I say 'plebs' because as a customer of HSBC since the days of Midland bank it has become obvious that they have moved very far away from their high street banking roots and are now only offering inflation beating IR's and other preferential services to high worth individuals, if you havent got 100k to deposit with them they turn their nose up at you.
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I have been saying the same thing for a couple of decades about the Welsh Valleys - most of those communities didn't exist before the industrial revolution, only came into existence mainly because of coal and once coal was no longer mined there was no reason for them to exist.
The cost along in maintaining road, power, sewage, etc, healthcare, etc, to the Valleys is enormous. Add on top benefits and absolutely no hope of any meaningful employment going there.... ah, but it is a political heartland which provides numerous MPs to Parliament again and again and again.
Yup my late grandfather from my mothers side was a miner, spent 30 years at the face in and around Ystrad. In my early years I remembered the council estate my grandparents lived on being full of dignified, proud retired miners, there was a real sense of decency and community and I have fond memories from the early 80's of my grandfather leaning against his front gate chatting to everyone that walked by, everyone knew everyone and neighbours were regarded as extended family. It broke my heart as I grew older, watching the area and community degrade with every visit through the decades until he passed in 2009.
Sadly the valleys are pretty much nothing more than cracking scenery coupled with state dependency nowadays.
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"IN NEED OF REFURBISHMENT"
http://www.rightmove.co.uk/property-for-sale/property-43232975.html
Hat tip /r/unitedkingdom
Good god I thought that was a joke until I clicked the link. It got even funnier when when I read that its a 2 bed terrace in Easton, looks about 100k overpriced...
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Until now I knew pretty much nothing about Mr Sinclair apart from derogatory references that have been thrown about.
This is the first time Ive heard him speak and he's spot on, even the 50k call on gold (in massively devalued dollars ofc).
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So why right now?
They could have done it years ago. Around year 2000 might have been apt as a new beginning or any time. Isn't the City (and similar bond issuance) already worldwide or at least isn't that what it claims.
This seems to be a relatively small sector or at least so far from the figures quoted
I reckon its all happening now due to the EU attempts to regulate and tax the city and dilute its importance in global finance.
Also from all the cosying up to the arab states, india and china it looks like the govt is making long term moves to maintain the cities relevance as the balance of power and influence moves back to the east.
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As I continue my impossible quest to find a house in my home county I bring you all these little gems.
this has recently been reduced from 162k, wow what a bargain!
And finally my personal favorite, ive walked around the outside of this and yes it is as small as it looks. Im not even convinced its a semi either.
Bargain No3 loves going under offer only to appear back on the market a few months later. This has probably something to do with them wanting 150k for a tiny property they paid 115k for and the buyers bank saying 'p*ss off' when they value the property themselves.
Speaking to my local contacts the owners have been trying for ages to shift it for ages, I wonder why its taking so long?
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How did you play your short - presumably you had a stop loss in place or did you sit glued to your screen all day and cancelled it after X loss? Or didn't you loss anything at all?
Literally just as I was adjusting my stop losses to factor in a US open price spike, it spiked, big time!
The open spiked so high, as if by design It took out all my stop losses in one mighty bang which were placed just above 1344 which from the charts appeared to be a reasonably high stop based on overnight resistance.
I certainly didn't expect 1350 to be breached so quickly, i didn't consider that a possibility until tomorrow. big losses were certainly made but not in real terms and its taught me a valuable lesson in having to many positions open at one time. I think I'm going to sit on the sidelines until there's some indication that above 1350 can be maintained before opening any more positions.
Live and learn eh
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You almost got it.
LOL Soooo close, damn rally started 10mins after my call
I suspect its been delayed until today the spot chart is still heading for below 1330 from the trend I see in motion. I almost got caught out overnight when the price shot up to 1341 just before 8am, luckily my gut instinct before going to bed made me position my stop losses above 1342, thank you gut!
Im still in in short mode regardless until i see a break above 1350
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'The owner of the Grangemouth petrochemical plant is to close the operation permanently and keep shut, for now, its major oil refinery amid a continuing pay dispute.
The move threatens up to 800 jobs at the petrochemicals business, which makes products used in everyday items such as packaging and plastic bags, unless it can be sold.
The Grangemouth site's owner Ineos said while it would retain the refinery, which produces 80% of Scotland's petrol and diesel, production would remain shut down until the threat of industrial action was removed.
Workers were given news of the closure at a meeting with Ineos petrochemicals chairman Calum MacLean following the passing of a deadline on a survival plan which asked all Grangemouth staff to accept changes to pensions and other terms and conditions.
The Unite union said around 680 of the site's total 1,370-strong workforce rejected the proposals, which included a pay freeze for 2014-16, removal of a bonus up to 2016, a reduced shift allowance and ending of the final salary pension scheme.
Following the meeting with staff, one worker who did not want to be named, said: "I feel sick. It's gone."
The worker, who appeared close to tears at points, told Sky News he could only listen to about 10 minutes of the meeting, before he felt he had to leave.
"There's no livelihoods left and we don't even know if we're going to get redundancy out of it. I hope they're happy with themselves," he said.
Unite has accused the company's owner Jim Ratcliffe of playing "Russian roulette" with the future of Grangemouth, the biggest industrial site in Scotland, and said it would back any efforts by the Scottish Government to find a new buyer for the petrochemical complex.
In a statement, Ineos blamed the union's opposition to its survival plan for the decision to close the petrochemical plant - saying shareholders could no longer fund it.
Mr MacLean said: "This is a hugely sad day for everyone at Grangemouth. We have tried our hardest to convince employees of the need for change but unsuccessfully.
"There was only ever going to be one outcome to this story if nothing changed and we continued to lose money.
"We still struggle to comprehend what has happened here. The employees were offered a chance to secure substantial new investment in the company, preserve their jobs and keep their salaries. Sadly this will no longer be the case."
The company added: "As a result of this decision, the directors of the petrochemicals business have had no option but to engage the services of a liquidator. It is anticipated that a liquidation process will commence in a week."'
Lol talk about cutting off your nose to spite your face.
Union scumbags, got what they deserved!
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Get ready peeps, from the activity on the gold spot over the last 24hrs I suspect a break below 1330 is imminent.
Good job i've been shorting all day
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Minimum wage for nightshift.
Wow night shift for minimum wage thats a massive drop from my recollections of night shift rates over the last 20 years which I think were at least around 1 and a half times the standard wage which was above the minimum wage.
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You would have thought so but then stories like the following made the rounds and everyone seems to be leaving little message for the Feds
Anonymous FBI trolling, priceless!
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Just spoken with a CEO of a Juniors fund. Says average cost probably $1500ish but that includes sustainability and 15-20% profit.
I think he referenced one of the US business channels who did the survey.
Works for me.
Wouldn't be surprised to see gradual to steep rise in Juniors for weeks / few months then a rip your face of rally. Then collapse.
On verra.
As an average for the entire junior sector then that cost sounds about right to me when you consider the ratio of low cost unhedged producers to hedged medium / high cost producers.
The junior producers that have low production costs and no debt wont collapse in my opinion, the juniors with no large proven reserves or are pulling gold out of the ground over $1200 are the ones most likely to go south.
The one im invested in after bottoming refuses to resume the down trend and is currently slowly ticking back up , regardless of gold dropping back and retouching the lows that sparked the drop in share price in the first place. I suspect that this is down to the 70p approx under valuation between the companies total equity and what the market 'thinks' the company is actually worth and I think in this case the stock price will continue to rise regardless of gold price until the market cap is at least equal to the total equity.
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Aureus Mining - up 30% this morning currently. Probably helps that the Daily Mail tipped it on Saturday. F*@king Daily Mail!!!
Edit:
Keep an eye on the above in any future gold/silver waterfall. Some of the bigger debt free gold miners are buying up the better smaller boys.
I still think, like Killer Bunny, that we will see nearer $1,000 before we see $2,000 gold BUT as we approach $1,000 there will be some bargains in certain gold/silver miners.
The real potential (and i stress potential) bargains in the mining sector are companies that have a total shareholder equity that is larger than the market cap. Aureus Mining is one of these but when you look at their earnings to date (-5.87 m) and their retained earnings (-13.37 m) it looks like less of a bargain in my opinion.
The share tips in the Daily Wail do crack me up, they appear to love ramping shoddy AIM shares.
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Incredible. They won't understand until the Pound is in total collapse one morning. ..... maybe even then they'll joyfully report "house prices up 50% this morning"
+1 lol
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How can it be a broad $1750? Different mines were opened at different times, different companies in different countries have different cost models, dependent on the type of mine the cost of mining one type of mine is cheaper than another, etc, etc. There are so many vairables.
Some of the gold miners claim that it costs them below $1,000 bucks to mine with some claiming to have costs nearer $600. Some miners even have little or no debt - allegedly.
The Masked Tulip speaketh the truth, One of the miners im invested in is currently pulling gold out of the ground at around $500 /oz and has close to zero debt, there's not many low cost producers out there but they do exist.
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Had to call around to my Mum's today to collect something I was storing (a part-worn tyre).
She had an appointment elsewhere so wasn't in, but this is what she left me in the kitchen (along with a jar of coffee to take) next to the kettle.
She owns her small house outright, but has 4 non-owning children 32-40 who thought it was right to save, whilst so many were happily caught up in the malinvestment saying house prices double every few years.
Ace mum!
My mums finally seen the writing on the wall and I think now appreciates and sympathises with the situation im in. My father however is still a typical boomer **shole who is convinced that despite 7 years of sacrifices and hard core saving his son is just being lazy and not saving enough......
Fear For House Prices As 'estate Resembles Giant *****' When Viewed From Above
in House prices and the economy
Posted
Surely this estate should have been called 'The Hamptons'