Maybe Massalai was right after all

Yah BBC had a segment on the Glencore Xstrata deal. Too big to fail and monopolistic , political influence worries.

 

View from the European trenches.

http://fistfulofeuros.net/afoe/global-manufacturing-steadies-as-she-goes-or-does-she/#more-9402

 

~30% too many ships coming online..just a few ships in or out skews the chart a whole lot.
Find along term chart and you'll see similar and worse swings than this last one..

I don't know any of this specific data and don't have the time or interest.
Even when I was actively trading,the BDI meant nothing to me.


But seeing that it is at a decades low.... I'm getting into that!!

 

Thanks Michael and Westie...

News of global/national events give a disturbing feel http://www.abc.net.au/news/justin/ has lots of 'non-individual human concern events, from the: - - - Greeks burn German flag in austerity protest - - Wolves scavenge as Italians take shelter from biting cold - - Tigers attack tourist bus in China - - Assad meets with Russians as Syrian slaughter continues - - Bloody history erased from Afghan schoolbooks - - Court hears landmark animal slavery case - - Evidence suggests dam engineers 'didn't follow manual' - - Maldives president resigns after police mutiny - - PNG court to map out political solution..... Oh the dramas of it all...

http://www.moneymorning.com.au/2012...dicator-and-why-you-should-too.html#more-7709 "Why The RBA Uses The Terms of Trade Indicator… And Why You Should Too" is an interesting essay and helps explain the why of some RBA decisiona in Australia...

http://www.moneymorning.com.au/2012...ost-bearish-chart-in-the-world.html#more-7704 At last, the BDI essay is posted The last 4 paragraphs put the story in perspective - especially for Australia...

http://www.moneymorning.com.au/20120207/a-certain-kind-of-irrational-behaviour.html#more-7715 for a bit more on "The whole Glencore and Xstrata thing" and a partial explanation on the RBA's commodity index, along with lots of other stuff of more than passing interest on Australia...

Further to an essay yesterday "Goldman Sachs is Probably Not a “Buy”" the contention is that now "Goldman Sachs is a “Sell”" http://www.dailyreckoning.com.au/goldman-sachs-is-a-sell/2012/02/07/ - - Me no savvy Kimo Sabi....
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http://www.bom.gov.au/australia/satellite/?tz=AEST&unit=p23&view=33&domain=14 WEATHER WARNING FOR PORT VILA and EFAETE region of VANUATU - - Please be careful as that storm coming from the west (Coral Sea) and heading E torards Fiji Vila and nearby islands is large...

 

Sadly, for sale... around 155ounces or 4.8kg of 99.99gold bullion or readily convertible equivalent. - - I am getting far too old and decrepit to seriously contemplate such extensive expeditions at the risk of loosing my Lovely Lady... The boat or LL argument has been lost.... or as she would say 'sanity prevails' - be quick before I change my mind... - Send me a PM, in the first instance...

 

further to my understanding on the Greek crisis http://hottrainingmaterials.com/offtopic/trends-2012/index.htm by selecting part 2 - - - - " . . . There is also a wild card in this scenario. - - At first glance it would appear that Greece’s creditors might be in the catbird seat here. - - After all if Greece doesn’t make a deal, and defaults on the loans, further borrowing will be unlikely. - - That would be a dead end for Greece. - - On the other hand, a default wouldn’t normally be the end of the world for the creditors because many took out insurance to protect themselves in case of a default. - - These are the CDS insurance derivatives often spoken of. - - So, it would seem Greece has more to lose than its creditors. - - But a really scary thing happened last November (covered in The Handwriting is on the Wall). - - A 50% loan reduction was offered to the creditors on a package of Greek debt, but shockingly, the organisation that makes the call as to if and when a CDS insurance policy pays off determined that a 50% write-off on the loans would not trigger an insurance payout. - - The creditors were counting on being reimbursed if such an event was to occur, but they got gypped. - - This is akin to half your house burning down then having the adjuster show up and claim your fire insurance policy does not cover the damage because the house did not burn to the ground. - - This failure of the insurance coverage set a nasty precedent, so both the creditors, as well as the country of Greece, are treading very carefully here. . . . " - - - - WHAT NEXT ??? - Is that what was discussed in the second half of episode 246? http://rt.com/programs/keiser-report/episode-246-max-keiser/ - a sophisticated form of kicking the can down the road ? - All I can see is HYPERINFLATION......

This perpetual delay in taking responsible action is getting too bloody tedious for words... All I hope for is that somehow the can gets nailed down solidly and any further attempts, to "kick the can", result in serious terminal injury to the kicker....

 

The captain has spoken ?

 

Hi Mr Efficiency,
Errrr Yes, and it is not I in that case...

 

Hi rasonic,
Your jaw would drop heavily in amazement and shock at the current price US$1745.00 per ounce, blus the coinage premium......

 

http://goldsilver.com/video/ron-pau...ver Email Marketing&utm_term=Watch this Video - - - Bloody link is longer than the video but it is worth while watching both the intro and below that is a Ron Paul interview...

http://www.caseyresearch.com/gsd/edition/richard-russell-watch-gold2012-fated-be-monster-year "Richard Russell: Watch Gold...2012 Fated to be a Monster Year" - - Ed Steer has his usual good info on gold and lots of very good links on things GEC... - - "The euro area leadership has been making significant progress in recent days, moving from collective self-delusion to the much less dangerous state of empty posturing. - John Dizard [Financial Times Jan 27, 2012]"

http://www.bullionvault.com/gold-price-chart.do to see you need 'java' fully enabled...

On the cartoon image, from http://www.caseyresearch.com/gsd/edition/richard-russell-watch-gold2012-fated-be-monster-year - Let him win another term, then you will know whom to blame "Church of Obama.jpg"
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Well that sucks....assume you are advertising elsewhere as well?

I had a girlfriend who overestimated her worth and tried a power play with the "it's the boat or me" stunt.She was getting more and more manipulative and I was done with her anyways.
The next day I was at the beach playing volleyball,and befriended a women's volleyball team and invited them to the boat for a BBQ and drinks.

The ex showed up to pick some stuff up at just that moment....

 

Hi Westie,
Ahhhh - - something to ponder, but at this point in time, no.... but the alternative exists as a remote possibility, as I an close to 'too old for the usual job market', at 67, - - and I need Au$40k to prepare the boat fully for a vagabond life... (I need stick, sails & watermaker to ensure unlimited range.)

 

M-not saying you should ditch the wife...just an amusing anecdote of what happened to me.

If you sold could you downsize and still get your feet wet on weekends and holidays or are are boats a complete no no?

 

Hi Westie,
That is a strong possibility - At least I would need a regular sail, (several day voyage) fix or go bloody mad...