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CEO.CA members discuss high-risk penny stocks which can lose their entire value. Only risk what you can afford to lose.
@Nickhttp://trib.al/ikWGuPX Australian government floats $100 note removal
Liberal Democratic Senator David Leyonhjelm hit out at the proposal, saying “the only people who are distressed by the cash economy are the government and the public servants who want to spend taxes”.
“But with my libertarian hat on, I think the solution is to lower taxes so the incentives to avoid paying taxes are lower.”
@MiningBookGuy@anonymous - thanks for your thoughts here. great point about people stealing metal a few years ago...i remember a few of those stories as well.
i feel bad about all catastrophes...but especially the 'man-made' ones, where we know for sure they did NOT have to happen this way. unfortunately, #venezuela is the best current example of this, and i am concerned #india is one that is starting to go down that path now...other countries as well that are less well-known/reported, and surely more to follow.
@nlepanIndia’s gasoline consumption continues to grow rapidly as an increasing number of individuals purchase their first motorized vehicle, helping drive the fastest growth in fuel demand in the world. India's gasoline consumption has increased more than 12 per cent in 2016 compared to 2015. Consumption is being driven by an enormous increase in the number of drivers on the country’s roads for the first time. http://www.reuters.com/article/us-india-gasoline-kemp-idUSKBN14U1Y8#energy#India
@nicholaslepanAn initial public offering of shares in Indian stock exchange BSE Ltd to raise up to 12.43 billion rupees ($182.42 million) was fully subscribed on the second day of the sale, stock exchange data showed. More than 250 shareholders, led by Singapore Exchange Ltd, were selling up to 15.4 million shares in Asia's oldest stock exchange at a price range of 805 rupees to 806 rupees per share. http://in.reuters.com/article/india-bse-ipo-idINKBN1580QH?#exchanges#India
news_botIndia's minuscule #gold mining industry
http://www.mining.com/indias-minuscule-gold-mining-industry/#mining#India There is only one single gold mine. The Hutti Gold Mine in the southwestern state of Karnataka is an historic mine (production started in 1902) and located in the same greenstone belt as Kolar. Hutti produced some 45,000 ounces in 2015 and even after adding gold produced as a byproduct of copper mining on the subcontinent, India's gold output is little more than 60,000 ounces. In February 2016, London-listed Vedanta resources became the first private company to successfully bid for a gold mine in India $VED.L
@hunter#PiercePointshttp://tinyurl.com/zbnd6lr Current reversal in dore gold buying in India due to import taxation issues has caused India’s gold refiners to fall to 25% of capacity - 75% of refining output idle. Ramifications to miners supplying the dore - Ghana, DR and Peru most affected. #gold#India
@nicholaslepan#India has extended anti-dumping duty on some steel products from China by five years, in a bid to retain protectionist barriers and stem the tide of cheap foreign products. Between April and January, India's steel imports fell 37.8 percent year-on-year, data from a government body showed, primarily due to the slew of protectionist steps announced by the government. #chinahttp://in.reuters.com/article/india-steel-antidumping-idINKBN15Z1CK?
Chinese #steel rebar 25mm US$555.5/t vs US$538.2/t
#Iron ore 62% Fe spot (cfr Tianjin) US$87.5/t vs US$87.1/t
Premium hard coking #coal Aus fob US$150.0/t vs US$150.4/t
@nicholaslepanA battle is brewing in northeastern India over uranium mining. The United Democratic Party of the Indian State of Meghalaya is voicing opposition to a proposed uranium project, this particular party prides itself on being the voice of the people and is clearly taking the stance against the federal Indian governments pro mining pro uranium policies. Recently, the local government cancelled a no objection certificate for a proposed uranium mine. UDP general secretary said the mine should not be built against the will of the people and that development in the form of roads should not come with ulterior motives. #uranium#mining#Indiahttp://www.theshillongtimes.com/2017/02/24/udp-reiterates-stand-against-uranium-mining/
@ExcelsiorLess #nuclear energy has meant higher costs, less clean energy overall and more deaths
February 25, 2017
Michael Shellenberger explains how less nuclear energy has meant higher costs and less clean energy overall.
* #USA has shutdown Enuclear plants prematurely because of lower #naturalgas costs
* this has increased emissions of CO2 and air pollution
* Overall energy costs have increased in the #USA which correlate with lower #nuclear energy mix
* #Germany has 6 times more carbon intensive energy than France
* Germany shutdown nuclear energy and now is even more reliant on coal and fossil fuel
* #France uses 80% nuclear power for electricity
* #France has half the cost of electricity compared to #Germany
* the global decline in #nuclear power (-7.5% of energy mix) has not been replaced by solar and wind (4.5%)
* the global decline in #nuclear (most of #Japan nuclear shutdown, #Germany shutdown, some early shutdowns in #USA and #Europe) has not been made up by the build in China and Asia and appears like future Europe and USA shutdowns (150 GW) will made up by new nuclear in #China and #India and #Asia through 2030.”
@GoldfingerFollowing the Economic Times of India on Twitter has been insightful in many ways. I don't know much about $India but they sure do like lots of colors and words on their news channels. Almost delivering a psychedelic effect...
@Excelsior#Korelin Economics Report - Weekend Show - Sat 13 May, 2017
#GOLD and #COMMODITIES Pullback From US and International Drivers
"This week we started to see a turn around in the #PreciousMetals and commodities in general. On this week’s show we take a close look at why this pullback in commodities happened from both a domestic and international perspective."
"Over the past month money has been flowing out of #US equity ETFs and into #EU and #EM funds. This has not had a big impact on the US equity markets but by the end of the week we started to see a slow rollover. This helped provide a small pop for the metals from an oversold territory and looks to continue. The question is, how long and how high?"
>> Segment 1 & 2: In the first two segments I am joined by Dan Oliver, Founder of Myrmikan Capital. Dan is a great at recapping markets moves dating back hundreds of years for #metals and #commodities. In the first segment we discuss the current commodities pullback and compare the situation back in the late 1920s. In the second segment we look at the relationship between #inflation and monetary debasement.
> Segment 3: Chris Martenson joins me to dive into #China and discuss the deleveraging that is underway and the markets and economies that could be impacted by a China pullback.
> Segment 4: Fund Manager Dana Lyons take a look at international markets where we have seen large flows of money into #ETFs over the past month.
>> Segment 5 & 6: Jeff Christian, Managing Partner at CPM Group, joins me for the first two segments of the second hour. Both segments focus on #gold and #commodities but in the first segment we look at the factors in the #US driving commodities. In the second segment we look again at #China and #India in terms of gold demand.
> Segment 7: #BrentCook, Founder of Exploration Insights, shares his outlook on the $GDXJ rebalancing as well as a few #zinc companies they are following in his newsletter.
> Segment 8: A recap of the week in #US#equities and the #metals. We are seeing turn and bounce from oversold territory.