"IT WAS JUST over three months ago when Japan experienced its worst nuclear disaster ever and the Nikkei 225 stock index plunged the most since the 1987 crash. Not exactly good times." [more]
June 21, 2011
High Resolution Magnetic Survey at Schaft Creek Confirms Similar Signatures for Mineralized Zones, Diamond Drilling Underway, Resource Estimate Tables Received From AMEC [more]
[Occasionally I'll put something non-stock or economics-related thing on here if it's comical or cool that I feel I want to share with the group, and this one definitely qualifies. Plus, it's the weekend and it's not like there's a lot of other stuff going on. Enjoy!] [more]
DAVID ROSENBERG - Globe and Mail [more]
Technically, gold stocks are in a good low-risk position. But there needs to be a fundamental catalyst for the sector to bottom, build a base, and embark on a new, sustained advance.
While gold is only 2% from all-time highs, the gold stocks have struggled and underperformed badly. This is reminiscent of 2008, although I don’t think a similar result is coming. The fact is, as QE2 ends and the failed recovery peaks, money is moving out of risk assets and into bonds. Gold is holding up very well but the gold stocks are struggling and in need of a catalyst. [more]
As the U.S. economy collapses, the thin veneer of civilization that we all take for granted is going to begin to disappear. In fact, there are already an increasing number of signs that the collapse of society is accelerating. In cities such as Chicago, roving packs of young people are “mob robbing” local businesses, randomly assaulting tourists and shoppers and are even pulling people out of vehicles. [more]
"YOU WOULDN'T HAVE hesitated to sell short the company that made the Trabant, the notoriously inefficient car sold in East Germany during the Cold War. [more]
The recession has hit everybody really hard...
- My neighbor got a pre-declined credit card in the mail.
- Wives are having sex with their husbands because they can't afford batteries.
- CEO's are now playing miniature golf.
- Exxon-Mobil laid off 25 Congressmen.
- A stripper was killed when her audience showered her with rolls of pennies while she danced.
- I saw a Mormon with only one wife.
- If the bank returns your check marked "Insufficient Funds," you call them and ask if they meant you or them.
- McDonald's is selling the 1/4 ouncer.
- Parents in Beverly Hills fired their nannies and learned their children's names.
- A truckload of Americans was caught sneaking into Mexico.
- A picture is now only worth 200 words.
- When Bill and Hillary travel together, they now have to share a room.
- The Treasure Island casino in Las Vegas is now managed by Somali pirates.
- Congress says they are looking into this Bernard Madoff scandal. Oh Great! The guy who made $50 Billion disappear is being investigated by the people who made $1.5 Trillion disappear!
I was so depressed last night thinking about the economy, wars, jobs, my savings, Social Security, retirement funds, etc., I called the Suicide Hotline. I got a call center in Pakistan, and when I told them I was suicidal, they got all excited, and asked if I could drive a truck. [more]
[I've seen this story pop up a few times today but I haven't seen it here yet.] [more]
SAN FRANCISCO – Groupon unveiled plans on Thursday for an initial public offering as the red-hot daily deals company prepares to become the latest next-generation Internet company to go public. [more]