Registered Members Login:
   
Forgotten Your Details? Click Here To Recover +
Welcome To The ShareCafe Community - Talk Shares And Take Stock With Smart Investors - New Here? Click To Register >

15 Pages (Click to Jump) V   1 2 3 4 > » 

mullokintyre
Posted on: Yesterday, 01:07 PM


Group: Member
Posts: 2,949

if one looks at the BOM weather maps
BOM MAP
The low on the coast of the Pilbara in WA is forecast to be getting down below 1000 HP sometime towards. wednesday, Thursday of next week.
Given the water temperatures up there, that is perfect conditions for the formation of a cyclone.
Question is, will it continue out to sea towards East Timor, or loop back towards the coast.
Some mining ops may well be curtailed if it does.
Mick
  Forum: Investment Discussion

mullokintyre
Posted on: Yesterday, 08:20 AM


Group: Member
Posts: 2,949

How lucky are we that despite what France and the French think, it will never be a world power.
Mick
  Forum: Off Topic Chat

mullokintyre
Posted on: Dec 4 2020, 09:43 PM


Group: Member
Posts: 2,949

At my age, it would take a week to get the old body into the thing then a month to get out again!
Mick
  Forum: Off Topic Chat

mullokintyre
Posted on: Dec 4 2020, 04:12 PM


Group: Member
Posts: 2,949

OK, we can stop searching.
The old bloke found some papers he had with the original purchase.
Its actually a UK kit called an Embeesea Charger.
The bloke wants 10k for it, but he not sure if all the bits are there for it.
To paraphrase Mr Keaton, tell him he's dreaming.".
Mick
  Forum: Off Topic Chat

mullokintyre
Posted on: Dec 3 2020, 08:42 PM


Group: Member
Posts: 2,949

I know there will be some people out there with good memories (or at least better than mine), who are interested in cars as more than a means of getting from a to B.
Just recently, I met up with an elderly gentlemen from the boondocks who showed me a fibreglass car he had in his shed.
He told me it was one of the many kit cars that were supplied in OZ, wherby the floor plan, engine and mechanicals were from a VW beetle, with the sleek whizz bang fibreglass shells bolted to the chassis.
The Purvis Eureka was probably the most popular, but there were others .
This one had gull wing doors, recessed pop up headlights and looked very much like an 80's era Lotus Elan or Elite.
He reckons there were only ever two in existence, but after hours of searching the web, cannot find any info about it.
Any one out there got something stirring in the brain cells??
Mick
  Forum: Off Topic Chat

mullokintyre
Posted on: Dec 1 2020, 06:36 AM


Group: Member
Posts: 2,949

I noticed that some parasite called DIMichael has posted some porn on a new thread in off topic chat.
I tried yo report it to the moderators, but as has been the case for some time, the report function comes up with an IPS driver error.
Poor form Moderators.
Mick
  Forum: Off Topic Chat

mullokintyre
Posted on: Nov 30 2020, 01:33 PM


Group: Member
Posts: 2,949

Given that the two preferred vaccines for use in the USA (by US pharma companies naturally), and both need to be produced, transported and kept at -70C , the logistics of such a massive vaccination program are starting to be worked out.


According to NEWSMAX
UPS has started the ball rolling.

QUOTE
Global shipping giant UPS on Tuesday said it would start making dry ice in the United States and also distribute ultra-cold temperature freezers as it prepares to handle the logistics of shipping Covid-19 vaccines.

Facing the world's largest coronavirus outbreak, the US government's Operation Warp Speed plans to distribute 6.4 million doses of the Pfizer-BioNTech vaccine in the first week after it's cleared for emergency use, which could come as soon as December 10.

That vaccine requires ultra-cold long-term storage of -70 degrees Celsius (-94 Fahrenheit), and the company has developed special containers with dry ice to keep it cool for up to 15 days, while other vaccines may also need dry ice in transport.

In a statement, UPS said it had added equipment in its facilities that can produce up to 1,200 pounds of dry ice an hour for the shipping needs of these vaccines, which can be distributed within 24 hours of production to US and Canadian hospitals.

"Healthcare facilities in Louisville, Dallas and Ontario will ensure we have the capability to produce dry ice to sufficiently pack and replenish shipments as needed to keep products viable and effective," Wes Wheeler, president of medical arm UPS Healthcare, said in a statement.

UPS also announced a partnership with freezer manufacturer Stirling Ultracold to distribute freezers capable of reaching temperatures as low as -80 degrees Celsius to doctors' offices, pharmacies and urgent care facilities where the vaccines may be stored for long periods of time.


Given that the frozen CO2 will sublimate back to gaseous form, how will it be counted in US national CO2 emissions??

Mick
  Forum: Off Topic Chat

mullokintyre
Posted on: Nov 30 2020, 11:15 AM


Group: Member
Posts: 2,949

A little while back, Scotty from Marketing was scathing about the 3 cartier watches that the (now former) CEO of Australia Post bestowed upon three of her employees that worked a deal that raked in a couple of billion for AUS Post from the banks.
He said it didn't past the pub test. Fair enough probably, but if you are going to use the pub test, ya hafta use it consistently.

It has been revealed that former finance minister Mathias Cormann has been swanning around using a government supplied jet while he pitches for a tax free jobas the OECD.
fromNEWS au

QUOTE
Mathias Cormann “would have contracted COVID-19” if he wasn’t given taxpayer-funded flights to secure a tax-free job, the Prime Minister claims.

The former finance minister quit politics earlier this month, announcing he would bid to become secretary-general of the Organisation for Economic Co-operation and Development (OECD).

Although his income is no longer on the public purse, Mr Cormann has used taxpayer money to fly to several countries across Europe and the Middle East during his campaign.

An RAAF jet, which reports say costs $4000 for every hour it is used, remains on standby for the former finance minister. He has already racked up 20,000 kilometres in the RAAF Dassault 7X.
“This is a very important position, and the OECD is going to play a really important role in the global economic recovery,” he said.

“Mathias would be an upstanding secretary-general of the OECD, standing up for those liberal democratic market-based values which it represents.”

Mr Morrison cited the Rudd government’s campaign for a Security Council seat as proof the investment was worthwhile. Taxpayers spent $25m to secure the seat.

Labor has given bipartisan support for Mr Cormann’s bid for the secretary-generalship, but the Greens are pushing the OECD to reject it over his record on climate change.


What a load of bullshit.

The OECD has proved as ineffective as all the other world Alphabet groupings in solving any problems. They are setup as a gravy train for the self appointed guardians of the world to get even more wealthy.
There is absolutely no guarantee that Australian taxpayers will get anything out of this junket, even if Cormann were to get the gig.
If he wants the job, and he doesn't want to get COVID, hire his own exec jet, it would be Tax deductible!
At the very minimum, he should have to forgo his lavish OZ pension if he gets this new tax free snout in the trough job.

At least in Christine Holgate's case, the rewards were given AFTER the deal was done and the gains for the Aus Post in the bag.

Politicians, hypocrites from the top of their heads to the tip of their toes.

Mick
  Forum: Off Topic Chat

mullokintyre
Posted on: Nov 30 2020, 10:35 AM


Group: Member
Posts: 2,949

I had Matty Wade as opener for the last ODI only.
I would not have him open in tests, regardless of his average.
Pucovski is the obvious choice for the tests, as he has already opened for Vics this year with some pretty good success, albeit on flat Tracks.
But you can only play on what you are given, and he has played well.
Still a question mark over him and the short ball.
Anyone who keeps getting hit in the head and suffering concussion will always be tested by lots of short balls.
Mick

  Forum: Off Topic Chat

mullokintyre
Posted on: Nov 30 2020, 08:31 AM


Group: Member
Posts: 2,949

Indians did better than last Fridays game, but still lost.
For a while they were still in it, but with 30 overs gone, they still needed 204 off the last 20 with three wickets already down.
204 off 20 in a T20 game is a big score, so they were a bit behind the eight ball already.
Still managed to keep within striking distance for 8 to 10 overs, but the asking rate just got too big.
Their batting has some potency, but their bowling is a bit sus at the moment.
Australia not without its issues.
Starc was better last night, but only marginally.
Warner will be out of action for a while with that groin strain, wouldn't surprise me to see him miss the tests as well.
Despite calls for Green or Pucovski to get a run, matty bWade is the obvious choice as re-placement opener.
Henriques bowled better than I expected, so thats a bonus.
Adam Zampa has continued his recent good form, and is turning out to be a specialist ODI bowler.
Fielding was good, saved a lot of runs, and things generally on the up
Mick
  Forum: Off Topic Chat

mullokintyre
Posted on: Nov 29 2020, 07:24 PM


Group: Member
Posts: 2,949

From Science Daily

QUOTE
Simon Fraser University professors Paul Tupper and Caroline Colijn have found that physical distancing is universally effective at reducing the spread of COVID-19, while social bubbles and masks are more situation-dependent.

The researchers developed a model to test the effectiveness of measures such as physical distancing, masks or social bubbles when used in various settings.

Their paper was published Nov. 19 in the journal Proceedings of the National Academy of Sciences of the United States of America (PNAS).

They introduce the concept of "event R," which is the expected number of people who become infected with COVID-19 from one individual at an event.

Tupper and Colijn look at factors such as transmission intensity, duration of exposure, the proximity of individuals and degree of mixing -- then examine what methods are most effective at preventing transmission in each circumstance.

The researchers incorporated data from reports of outbreaks at a range of events, such as parties, meals, nightclubs, public transit and restaurants. The researchers say that an individual's chances of becoming infected with COVID-19 depend heavily on the transmission rate and the duration -- the amount of time spent in a particular setting.

Events were categorized as saturating (high transmission probability) or linear (low transmission probability). Examples of high transmission settings include bars, nightclubs and overcrowded workplaces while low transmission settings include public transit with masks, distancing in restaurants and outdoor activities.

The model suggests that physical distancing was effective at reducing COVID-19 transmission in all settings but the effectiveness of social bubbles depends on whether chances of transmission are high or low.

In settings where there is mixing and the probability of transmission is high, such as crowded indoor workplaces, bars and nightclubs and high schools, having strict social bubbles can help reduce the spread of COVID-19.

The researchers found that social bubbles are less effective in low transmission settings or activities where there is mixing, such as engaging in outdoor activities, working in spaced offices or travelling on public transportation wearing masks.


The definitive answer!

Mick
  Forum: Off Topic Chat

mullokintyre
Posted on: Nov 29 2020, 05:54 PM


Group: Member
Posts: 2,949

And the OZ team goes 15 runs better than the last game, S. Smith another quick century, with 50+ contributions from Warner, Finch Lambshanks and a quick fire 63NO from Maxwell.
India will have to bat significantly better than the first game to overhaul this total, but they have the batsmen to do it.
Should be interesting.
Mick
  Forum: Off Topic Chat

mullokintyre
Posted on: Nov 28 2020, 05:41 PM


Group: Member
Posts: 2,949

If any more proof was needed that Public Service bureacrats live on a completely different plant, surely this pice of news should be the icing on the cake.
From ABC NEWS

QUOTE
Fruit growers and processors say they are crushed by a decision to cut the health star rating (HSR) for 100-per-cent no-added-sugar juices from five stars to as low as two stars.

The trans-Tasman forum has lowered the health star rating of fresh, pure juice
Federal Agriculture Minister David Littleproud was unable to persuade the forum against the move
Devastated farmers fear people will drink less fresh juice, causing more fruit waste
The decision came down to a vote at the Australian and New Zealand Ministerial Forum on Food Regulation, a group made up of state and territory ministers as part of its ongoing response to the five-year HSR review.

Food is rated from half-a-star to five stars depending on how its healthy and risk nutrients compare but the system has come in for criticism.

The Federal Government's aim in developing the ratings is to give shoppers an easy way to identify better choices of packaged and processed foods, something Agriculture Minister David Littleproud asserts is undermined by this decision.

"What I don't accept is the insanity of this decision, which really has no basis on nutritional value — it really just is mind-numbingly dumb," he said.

The forum's July communique revealed Mr Littleproud's initial push — to see 100-per-cent fresh fruit and vegetable juice with no added sugar receive an automatic HSR score of five stars — not supported and the review recommendations were maintained.

The Minister's last chance to improve the rating was Friday's meeting, when he put forward a proposal aiming for an automatic four HSR, a rating he said was supported by the Commonwealth and the farm industry.

"This was it, this was my second crack at it. I had a go in July and got rolled and then rolled again," Mr Littleproud said.

"It would appear that our bureaucrats are working off some other scientific sheet that what reality is."


The world has truly gone nuts.
Mick
  Forum: Off Topic Chat

mullokintyre
Posted on: Nov 28 2020, 09:01 AM


Group: Member
Posts: 2,949

The WOW! seti signal is still puzzling scientists even after 40 years.
FromHACK

QUOTE
On a balmy August evening in 1977, an enormous radio telescope in a field in the middle of Ohio sat silently listening to the radio universe. Shortly after 10:00 PM, the Earth’s rotation slewed the telescope through a powerful radio signal whose passage was noted only by the slight change in tone in the song sung every twelve seconds by the line printer recording that evening’s data.

When the data was analyzed later, an astronomer’s marginal exclamation of the extraordinarily powerful by vanishingly brief blip would give the signal its forever name: the Wow! Signal. How we came to hear this signal, what it could possibly mean, and where it might have come from are all interesting details of an event that left a mystery in its wake, one that citizen scientists are now looking into with a fresh perspective. If it was sent from a region of space with habitable planets, it’s at least worth a listen.Understanding the Wow! Signal requires a look at the instrument that produced it. Affectionately known as “The Big Ear”, the Ohio State University Radio Observatory was the vision of John D. Kraus, a physicist at Ohio State. Dr. Kraus was no stranger to big science — during WWII he developed methods for degaussing naval ships to protect them from magnetically detonated mines, and he worked on a massive cyclotron for the University of Michigan.

Dr. Kraus first described his idea for a telescope capable of detecting extraterrestrial radio signals in an article for Scientific American in 1955. The design of the telescope would be extremely simple, especially compared to the more typical fully steerable dish antenna. It consisted of a large, flat reflector section of steel mesh standing across an open space from a wide, stationary paraboloid reflector. Between these two elements lay a large, flat ground plane area of aluminum-covered pavement. At the focal point of the paraboloid reflector was a small shack containing the feed horns, which could move across the width of the telescope on railroad tracks. Although in general the telescope was static and pointed wherever the Earth’s rotation took it, the feedhorn tracking coupled with adjustments to the tilt of the flat reflector gave some control to which part of the sky was being surveyed.

The Big Ear was big: the flat reflector alone was 33 meters tall and 100 meters wide, and the ground plane stretched 150 meters between the two reflectors. But Dr. Kraus had actually designed a much, much bigger antenna.

His original design called for 600-meter-wide reflectors, but when the National Science Foundation grant came through in 1955 at a paltry $48,000, the design was reduced to what was possible. And even then, a great deal of “sweat equity” went into the construction of the Big Ear, with graduate students learning to weld specifically to build the telescope, and with critical equipment such as the parametric amplifiers needed for the receiver being built at cost by an OSU alumnus.


and from Leif Salvberg
QUOTE
As of October 2020, the WOW! Signal remains the strongest candidate SETI signal. It has been suggested that the signal was produced by hydrogen clouds from Comets 266/P Christensen and P/2008 Y2 (Paris and Davies, 2015). However, this hypothesis has been dismissed by the scientific community, and the source of the signal remains unknown.


Despite the WOW! Signal never repeated, the key aspect was its duration. The signal lasted for 72 seconds, but since this was the maximum amount of time that the Big Ear radio telescope was able to observe, it is likely that the signal would have lasted longer.


The main problem, however, is that the signal never repeated. Follow-up observations of the area conducted by many observatories during several years never detected another signal (Gray and Ellingsen, 2002). Nonetheless, the fact that the signal never repeated, does not necessarily discard that it was produced by extraterrestrial intelligence.


In fact, if we analyse the history of (the few) radio signals that humanity have sent to several targets in the hope of contacting a civilization, none of those transmissions had a long duration or were repeatedly sent for a long time. An extraterrestrial civilization could have opted to behave in a similar manner.


Few attempts have been made to determine the exact location of the WOW! Signal due to the difficulty involved. Despite it was detected in just one of the two feed horns of the radio telescope, the data was processed in a way that does not allow us to determine which of the feed horns actually received the signal.


They are out there all right, but not wanting to get too close to us because of COVID (and Trump)..
Mick
  Forum: Off Topic Chat

mullokintyre
Posted on: Nov 27 2020, 02:15 PM


Group: Member
Posts: 2,949

So, how many knew there was an ODI on today in Sydney between OZ and India??
I only found out by accident. Not much publicity.
Of course its not on free to air, only on Foxtel, so I guess that explains it.
Watching on the cricinfo network as usual.

Mick
  Forum: Off Topic Chat

mullokintyre
Posted on: Nov 27 2020, 12:42 PM


Group: Member
Posts: 2,949

So for how long do we in OZ put up with the blatant screwing by the CCP.
According to The Australian
QUOTE
The Australian coal flotilla stuck off the Chinese coast has swollen to more than 80 ships carrying blacklisted cargo worth more than $1.1bn, prompting the ­Morrison government to raise concerns about “discriminatory action”.

The Australian can also reveal coal exports to China have plunged by 96 per cent in the first three weeks of November, as a go-slow by Chinese officials crunches the nation’s second biggest export industry.

Trade Minister Simon Birmingham said reports of the growing delays had raised the government’s concerns about the trade practices China was deploying. “We are working closely with the industry as well as seeking assurances and clarity from Chinese authorities that this is not discriminatory action against Australian coal,” he said.

“We reiterate that all terms of our free-trade agreement and world trade obligations between Australia and China should be upheld and respected.”

The widening coal halt comes at a difficult time for the Morrison government, which is ­attempting to reduce tensions with its biggest trading partner after a seven-month spat.

Coal was the biggest export industry on a list of seven Australian products Chinese state media reported were banned in early November. There are now 82 coal vessels carrying 8.8 million tonnes of coal worth an estimated $1.1bn stuck off China, four times the number of ships known to be stranded just two weeks ago, according to industry sources. Up to 1500 seafarers are stranded on the vessels.


And now on ABC NEWS
QUOTE
The Chinese Government has announced it will place tariffs on all Australian wine imports from tomorrow, striking a blow to the multi-billion-dollar industry.

It follows the preliminary findings of a Chinese anti-dumping investigation into Australia's wine exports that found that dumping exists and caused Chinese winemakers "substantial harm".

China has accused Australian producers of selling wine for below the cost of production.

The tariff announcement comes amid souring trading relations that have seen China impose import tariffs on Australian beef and barley.

China is fast becoming public enemy number one.
They sent us covid and blame us for demanding an enquiry as to how the world got infected by the Chinese Virus.
Its only a matter of time before the bastards start putting tariffs on Iron ore as well.
I am sure Vale will be pretty happy about that.

We may as well start selling Iron Ore to Taiwan, Korea, India, and any other country that makes steel.
AUD will start to come under enormous pressure as the rest of the world comes to the realisation that our biggest trading partner by far is slowly screwing us.
Farewell lucky country.
Mick
  Forum: Investment Discussion

mullokintyre
Posted on: Nov 27 2020, 09:46 AM


Group: Member
Posts: 2,949

The Chairman/CEO of Evolution Mining, Jake Klein has warned that the ground is shifting for OZ exploration companies looking to expand in other countries (including in Africa).
From Todays OZ
QUOTE
The global gold sector may have to rethink its production strategy as China’s influence in Africa grows and as the cost of complying with environmental, social and governance standards demanded by major investors increases, according to Evolution Mining executive chairman Jake Klein.

Speaking at Evolution’s annual shareholder meeting on Thursday, Mr Klein warned that the coronavirus crisis was exacerbating the rise of resources nationalism across the developing world, and forcing greater competition for access to gold deposits in Africa and Asia as China flexed its muscles.

“The past playbook of gold companies looking to expand their business has been to seek this growth in developing countries, places where the geology is considered prospective and underexplored, and where labour costs are cheap. This was often a successful strategy in an orderly world,” Mr Klein said.

“Today, an investor must consider not only the discontent and instability that has been exacerbated by the COVID-19 pandemic in many developing countries, but also the growing influence of China, both at a government level and as a competitor at a corporate level, particularly in Africa.”

Mr Klein’s comments come against the backdrop of trade tensions between Australia and China that has led to a standstill on coal exports, and as China looks to take the lead in developing the so-called “Pilbara killer” Simandou iron ore deposit in Guinea.

Chinese gold producers have also taken a keen interest in African gold deposits developed by ASX-listed companies, with a takeover battle over ASX-listed Cardinal Resources and its gold projects in Ghana playing out between China’s Shandong Gold and Russia’s Nordgold.“And in that same time it has been developing its own champions of the mining industry, Chinese companies that are now competitive with their peers from other countries — Australia, the US and Canada.”

China’s lending to African ­nations — worth about $US150bn in 2018, according to researchers at Johns Hopkins University, or just over 20 per cent of Africa’s total government borrowings — had helped strengthen those ties, Mr Klein said, with Chinese companies now in a far stronger position to compete with the legion of Australian companies looking to develop the continent’s mineral deposits.

“They have good access to government influence, they’re competitive on the ground, and they have good access to capital,” Mr Klein said.

“So to me, one of the implications for a gold investor is you need to start thinking about country risk much more than you may have in the past, because you either have to apply a bigger premium to safer jurisdictions — like Australia and Canada — or a larger discount to developing countries where there may be unforeseen interference.”

Combined with the difficulty in finding new gold deposits in more stable jurisdictions, and increased pressure from major shareholders to respect the rights of traditional owners and on environmental issues, rising global instability could force gold majors to rethink their long-term production strategy, Mr Klein said.

“The focus on ESG issues is rapidly increasing and I think the industry’s response is pivotal to its long-term future,” he said.

“If you overlay this onto the reality that making major new gold discoveries is becoming increasingly challenging, and gold mines are becoming more expensive to build and operate, in our view the solution should be a sector that is accepting that its future may be best served by producing fewer ounces with a focus on quality rather than quantity.

“Avoiding these risks is at the core of Evolution’s decision to exclusively focus on the tier-one jurisdictions of Australia and Canada, where the rule of law can be relied on.”

Mr Klein told The Australian he had no doubt stable jurisdictions such as Canada and Australia would become steadily more expensive to operate in, partly as a result of the demands of institutional investors for sustainable production.

I will start looking at my gold portfolio and reduce some of the co's that are relying on overseas mines. particularly Africa.

Mick

  Forum: Investment Discussion

mullokintyre
Posted on: Nov 26 2020, 08:52 PM


Group: Member
Posts: 2,949

One of the very last things that Obama did in office just prior to that Trump bloke taking over, was to leave a little present for him.
In a fit of pique perhaps, with the conniving approval of John Kerry, Obama went against the previous long standing practice of vetoing Arab inspired criticisms of Israel in the UN, and abstained.
Caused a flurry within diplomatic circles, which may well have been aimed just as much at Netanyahu as trump himself.
There was no real imperative to do it, seemed to be no quid pro quo, just a mischievous piece of bastardry for the incoming Republican regime to deal with.
trump, being the sort of angry, vengeful sort of bloke he is, will most likely be thinking up the absolute worst present for the incoming Democrat regime.
Will be interesting to see what he comes up with.
Mick
  Forum: Off Topic Chat

mullokintyre
Posted on: Nov 26 2020, 10:35 AM


Group: Member
Posts: 2,949

Now that we have competing vaccines across the world, it will be interesting to see which ones win the race.
It would seem that the Oxford Uni/AstraZeneca version hich the OZ govt has put its faith in, does have some advantages.
Firstly, it will remain viable at 4 degrees centigrade or less, whereas the others need to be kept at -70C or less.
its a lot simpler transporting and keeping stuff using a fridge rather than a cryogenic container.
Secondly, there will be different levels of costing. Pharma companies only exist to make a buck, despite their protestations of helping humanity.
Be interesting to see how much each dose costs in various countries.
Thirdly, the important factor of efficacy. Some claim 90% efficacy, others claim 70%. The reality will be somewhat less than the claims whatever they may be.
Fourthly, there is the dreaded side effects of the vaccine.
FromZero Hedge
QUOTE
European press reports earlier indicated that the EU's pharma regulator is preparing to expedite approval of the AstraZeneca-Oxford vaccine, even as the FDA expands its investigation into the COVID-19 vaccine's Phase 3 trials (after a patient was reportedly seriously sickened in the UK, though AZ insists that illness had nothing to do with the trial).

As the WHO, Bill Gates, Dr. Fauci and the global health-care establishment work with their allies in the press to try and convince as many people as possible to agree to take a COVID-19 vaccine once one is approved, more alarming reports are emerging in the mainstream press about issues with the 'Phase 3' trials.

CNBC reported Thursday morning that several patients involved in trials involving Moderna's vaccine candidate and the Pfizer-BioNTech vaccine candidate have experienced serious side effects, including "shaking so hard he cracked a tooth after taking the second dose."

As bad as they were, the symptoms typically dissipated within a day or two, and four out of the five subjects interviewed by CNBC said they felt the struggle was "worth it" to gain protection from COVID-19. Then again, the symptoms certaintly sound serious.

At least 41 vaccine candidates are in human trials worldwide, but only four US-backed candidates are in Phase 3: Moderna, Pfizer, AstraZeneca and Johnson & Johnson. At least one UK-backed vaccine is also entering Phase 3. While it’s possible some of the symptoms described could have been caused by an unrelated illness, Moderna and Pfizer previously said some participants in their phase one trials experienced mild symptoms. Pfizer emphasized that complications like this were only seen in a small number of cases.

And then theres the problems of patients not returning for the booster dose.

FromZero hedge

QUOTE
Fevers, sweats, migraines and muscle aches that last for days - these are just some of the symptoms reported by various 'Phase 3' trial participants who volunteered for the vaccine trials run by Pfizer, Moderna and others. Though AstraZeneca noted in its preliminary results that its vaccine (which uses the more traditional adenovirus vector) seemed to produce side effects that are less severe than some of its competitors.

As scientists try to ensure the US reaches a 70%+ vaccination rate (the cut-off point at which herd immunity is believed to kick in) a group of doctors just warned that public health officials and drugmakers need to be "transparent" with patients about the potential side effects of vaccination, and ensure precautions are taken to ensure patients don't skip their follow-up visit.

This is a top concern for Dr. Sandra Fryhofer of the American Medical Association, who warned that the side effects might deter many of her patients from receiving the follow-up shot. Dr. Fryhofer expressed her concerns during a virtual meeting on Monday with the CDC and representatives from various vaccine makers

"We really need to make patients aware that this is not going to be a walk in the park," Fryhofer said during a virtual meeting with the Advisory Committee on Immunization Practices, or ACIP, an outside group of medical experts that advise the CDC. She is also a liaison to the committee. "They are going to know they had a vaccine. They are probably not going to feel wonderful. But they've got to come back for that second dose."During the meeting on Monday, Dr. Nancy Messonnier, director of the CDC's National Center for Immunization and Respiratory Diseases who frequently participated in CDC press briefings during the early days of the outbreak, said the agency would work to develop guidance if a health-care worker got a vaccine and then felt unwell the following day, since this could "impact planning on a hospital level in terms of which staff gets vaccinated which day?" she said.

Beyond ensuring hospitals aren't left in the lurch because they decided to vaccinate their entire staff at the same time, the doctors also discussed a novel strategy: using "positive" language to talk about the sideeffects. One example would be referring to side effects as a "response" to the vaccine.

Of course that won't actually do anything to mitigate the side effects.

As one might expect, some patients who participated in the study actually got upset when they didn't experience severe side effects post-vaccination, believing it was a sign they had received the placebo not the actual vaccine.


And finally, how long do the effects of the vaccination last? Is it weeks, months or years? What happens if its only a few months, will people keep going abck for repeat treatments??
All very interesting.
Mick
  Forum: Off Topic Chat

mullokintyre
Posted on: Nov 24 2020, 07:55 AM


Group: Member
Posts: 2,949

I am not a facebook user, partly due to its toxicity and partly due to the fact that I would never trust that little creep, Zuckerberg.
It seems that FB has now taken on a role similar to the fED, where it becomes a law unto its own. above any mere national governments, and becomes the arbiter of "social acceptance".
From Wired AM
QUOTE
FACEBOOK HAS BROUGHT its might down upon a small but scrappy academic team who've done brilliant work in exposing the company's failures to contain scams, rip-offs, and political disinformation. If the team doesn’t fully dismantle its public-interest research project and delete its data by November 30, Facebook says, it “may be subject to additional enforcement action.” Why? Because the $775 billion company wants to protect our privacy.

For political dirty tricksters, Facebook's self-serve ad platform is a juicy target: If you want to spread disinformation, the platform will help you narrow down the people who'll see it. A canny political actor can use Facebook ads to show lies and vile incitements to people who might act on them, and, just as important, not show those ads to the rest of the world, which would reveal the way politicos talk when they think there's nobody here but us chickens.

Facebook's been fined over this, its execs raked over the coals in Congress and the British Parliament, and it says it has learned its lesson, putting in place measures that will prevent it.

Enter Ad Observer and the Ad Observatory, a project of NYU's Tandon School of Engineering. Ad Observer is a browser plug-in that Facebook users voluntarily install. The plug-in scrapes (makes a copy of) every ad that a user sees and sends it to Ad Observatory, a public database of Facebook ads that scholars and accountability journalists mine to analyze what's really happening on the platform. Time and again, they've discovered gross failures in Facebook's ability to enforce its own policies and live up to its promises.

Facebook has threatened legal action against the Ad Observatory team, claiming that the Ad Observer plug-in violates its terms of service. They want it removed by the Monday after Thanksgiving, or else. In other words, Facebook wants independent, third-party scrutiny of its ad policy enforcement to end at the very moment that its enforcement failures are allowing false claims about the outcome of the 2020 election to spread, challenging the legitimacy of American democracy itself. This deadline also roughly coincides with Facebook’s reinstatement of political advertising. In other words, the company is opening the door to far more paid political disinformation at the very same moment that it is shutting out independent watchdogs who monitor this stuff.

The company swears this action is not driven by a desire to silence its critics. Rather, it says it is acting on its well-known commitment to preserving its users' privacy.

No, really.

Both of these arguments are (to use a technical term) rank bullshit. Facebook's claims that it can enforce its terms of service as though they were laws that had been passed by Congress are based on an anti-competitive suit it brought against a (now defunct) startup called Power Ventures more than a decade ago. In that suit, the company argued that allowing Facebook users to read their messages without logging into Facebook was a crime.

The Power Ventures decision was bonkers, but that's because the law it invoked is even worse. The 1986 Computer Fraud and Abuse Act was rushed into law after Ronald Reagan saw Matthew Broderick in the movie WarGames and panicked (no, really). It's so broadly worded that if you squint right and read every third word, the Power Ventures decision makes a kind of topsy-turvy sense.

But Facebook's legal theories have a serious problem. Over the past decade, the courts have substantially narrowed the precedent from Power Ventures, thanks to a pair of suits: Sandvig v. Barr and HiQ v. LinkedIn. These modern precedents make Facebook's legal arguments a hard stretch.

Even more of a stretch: Facebook's claims that it is only acting to protect its users' privacy. Set aside for a moment the absurdity of the 21st century's worst privacy invaders positioning themselves as privacy champions. Stipulate that Facebook has found privacy religion and is really here to defend its users' privacy.

Facebook does not protect its users' privacy by vetoing their explicit choice to share whatever ads they see with Ad Observatory. Privacy, after all, is not the situation in which no one knows anything about you. (That's secrecy.) Privacy is when you decide who gets to know stuff about you, and what stuff they get to know. As Facebook elegantly puts it in its own policy documents: "What you share and who you share it with should be your decision."


Most of the so called "ads" on the majority of sites are nothing but clickbait, and in some cases, complete scams.
The last thing the big boys (aka FANGS) want is someone not approved by them to be looking at their "ethics".

Mick
  Forum: Off Topic Chat

mullokintyre
Posted on: Nov 23 2020, 08:49 PM


Group: Member
Posts: 2,949

The mighty winged suits have gone green.
Not satisfied with jet packs, rechargeable elctric packs are now the power source.
BMW has spent the last three years developing an electrified winged suit.

From BMW Winged Suit
QUOTE
Base jumper and wingsuit pilot Peter Salzman, a 33-year-old Austrian, was recently outfitted with the suit and leaped from a helicopter. The 15 kW battery pack, powering two carbon impellers, spinning at 25,000 rpm, allowed Salzman to reach 186 mph.Salzmann's first flight was a wild success. Next, it appears the daredevil wants to fly the wingsuit between skyscrapers.

There's no word if the wingsuit will be commercially available from BMW. Powered wingsuits and jetpacks could be the future of private flight, or perhaps quickly adopted by the military for the modern battlefield. Either way, these alternative forms of flight appear to be maturing in a way that could be commercially available by the midpoint of the decade.


I am still trying to get my head around how the two impellers propel the guy at those speeds, I would have thought that the tips would exceed the speed of sound and lose all effectiveness.
The videos are amazing, Who would have thought that the Swiss have developed a wind tunnel just for testing winged suits!

Mick
  Forum: Off Topic Chat

mullokintyre
Posted on: Nov 23 2020, 08:09 PM


Group: Member
Posts: 2,949

A week or so ago, I commented on some questionable comments and activity from Brett Sutton, Victoria Chief Health Officer.
But today he has taken out the gold medal for blame shifting.
From Todays OZ
QUOTE
When reflecting on the state’s handling of the second wave, Prof Sutton said the greatest frustration was the lack of national support mechanisms to trace cases when clusters emerged.

He said the health department was struggling to keep up with administrative responsibilities.

“Additional support has been straightened out, and it’s run much more smoothly,” Prof Sutton told the inquiry.

He said South Australia was able to call upon multiple jurisdictions for help handling its outbreak last week but enough hadn’t been done to help Victoria during its second wave.


Is this the same org that accepted and then rescinded the offer of help from the ADF?

Is it the same org that decided to not follow what the other states were doing after the national gabfest of all the premiers, the so called national cabineT?
The same org that according to D Andrews had "a world class tracing system" that used pencil and paper when other states were using tablets.
What resources was he lkooking for, more pencils, paper and erasers??
The same org that did not have a QR code ready system, despite being shown how effective it was in other states?


The bloke has no concept of responsibility. Its always someone elses' fault.

Mick
  Forum: Off Topic Chat

mullokintyre
Posted on: Nov 23 2020, 01:20 PM


Group: Member
Posts: 2,949

Anyone who was still under the impression that the US elected officials and their underlings run anything except a publicity machine, should read the following.

FromWall strrt on Parade
QUOTE
Yesterday, U.S. Treasury Secretary Steve Mnuchin stunned markets by demanding in a letter to Federal Reserve Chairman Jerome Powell that the Fed return Treasury funds that are backstopping the bulk of its emergency lending programs and wind down these programs by year’s end. Adding further shock, the Fed rebuked the idea with its own statement, saying this:

“The Federal Reserve would prefer that the full suite of emergency facilities established during the coronavirus pandemic continue to serve their important role as a backstop for our still-strained and vulnerable economy.”

At issue in this newly-emerged war between Treasury and the Fed is $454 billion, $340 billion of which has yet to be accounted for. The process has played out as follows:

On March 27, 2020 President Trump signed the CARES Act emergency stimulus plan into law. That law instructed the Treasury Secretary to make $454 billion available to the Federal Reserve for emergency lending facilities. The funds were to make $10 of Fed emergency funding available for each $1 from the taxpayer. The taxpayers’ money was to be used as loss-absorbing capital. The $454 billion would have supported up to $4.54 trillion in lending by the Fed.

But according to the Fed’s H.4.1 balance sheet statements that are released weekly on Thursday afternoon, the Fed has only used the following amounts of money from the Treasury: $10 billion for the Commercial Paper Funding Facility; $37.5 billion for the Corporate Credit Facilities to buy up corporate bonds and Exchange Traded Funds; $37.5 billion for the Main Street Lending Facilities for loans to small and mid-size businesses; $17.5 billion for the Municipal Liquidity Facility that buys up municipal bonds; $10 billion for the Term Asset-Backed Securities Loan Facility; and $1.5 billion for the Money Market Mutual Fund Liquidity Facility which bailed out toxic waste in money market mutual funds to keep them from breaking a buck. All of this adds up to just $114 billion out of the $454 billion that Congress allocated.

Wall Street On Parade has been repeatedly asking for an explanation as to what has happened to the balance of $340 billion that Congress intended to be used to help American families and businesses during the worst economic downturn since the Great Depression. (See As 98,000 Businesses Permanently Closed, the Fed and Treasury Have Sat on $340 Billion of Untapped Money from the CARES Act.)

Not only does the American public not know what happened to that $340 billion but as we pointed out previously “despite regular promises from the Fed Chairman that the Fed will be transparent about its lending programs, there are four programs for which the Fed has yet to provide transaction level data – meaning the names of the borrowers and how much they borrowed. Those programs include: the Primary Dealer Credit Facility; the Commercial Paper Funding Facility; the Money Market Mutual Fund Liquidity Facility; and the Fed’s Repo Loan facility that sluiced over $9 trillion cumulatively to the trading houses on Wall Street beginning on September 17, 2019 – months before the first case of COVID-19 appeared anywhere in the world.”

Three of the programs that the Fed has operated in the dark are the very programs that Mnuchin has asked in his letter to be extended for 90 days: the Primary Dealer Credit Facility; the Commercial Paper Funding Facility and the Money Market Mutual Fund Liquidity Facility. In addition, Mnuchin would like the Fed’s Paycheck Protection Program Liquidity Facility, which provided more than $3 billion to Citigroup, to also be extended for 90 days.



Love the response, the US sec ton treasury issues and order to the US fed to return funds and the U FED (A private organisation, not an arm of the government or president), basically gives him the bird.
The real power is with the Banks via the US FED. So much for transparency. Its a weird country.

Mick

  Forum: Off Topic Chat

mullokintyre
Posted on: Nov 23 2020, 01:09 PM


Group: Member
Posts: 2,949

It seems that not even China is exempt from financial problems when banks are allowed to do things free of any proper oversight.
from Caixin
QUOTE
The wave of financial distress flooding China’s corporate sector, which has seen a furious selloff in bonds following the unexpected default of several state-owned enterprises, is spilling over into a key financing conduit used by China's giant shadow banking sector — the trust industry.

As Caixin reports, Huaxin Trust Co. one of 68 companies licensed to conduct trust business in China and one of the largest "shadow banks" in the mainland , is trying to raise as much as 6.8 billion yuan ($1 billion) from strategic investors as it faces a growing liquidity squeeze that’s already forced it to skip repayments on dozens of investment products over the past few months.

The Dalian, Liaoning province-based institution announced last Tuesday that it is seeking one or more strategic investors to inject 3.4 billion yuan to 6.8 billion yuan into the firm, which would increase its registered capital to 10 billion yuan to 13.4 billion yuan.

But, as Caixin's Timmy Shen writes, what drew the market’s attention was a condition stipulated by Huaxin that any investor would need to agree to "support the company’s liquidity before the completion of their investment to allow the firm to protect the interests of investors in its trust products." And while this is tantamount to a pledge to backstop a bailout of the core shadow banking pillar, one veteran trust-industry source told Caixin that it can be difficult to persuade strategic investors to provide liquidity support before even making their investment, although investors can use this as leverage to get better terms


From Zero hedge

QUOTE
Even before the current episode of corporate bond turmoil triggered by the sudden defaults of state owned Yongcheng Coal and Brilliance Auto, China’s regulators had already become increasingly concerned about the hidden risks in the trust sector which plays an key role in the shadow banking sector by providing loans to higher-risk companies and those who have difficulty getting credit from traditional banks. The loans are packaged into high-yielding products which are then sold to retail investors and institutions.

For half a year, China's Banking and Insurance Regulatory Commission (CBIRC) has been preparing regulations to put the country’s $3.1 trillion trust industry under closer oversight. The draft rules, which were put out for public comment in May, will govern how trust companies manage client funds, clarify requirements on trust products and toughen regulation of their loan-related investments.

Then in June, as part of a wave of wholesale systemic deleveraging which hammered such real-estate development firms as China Evergrande and nearly brought it to the edge of insolvency, the CBIRC told some trust firms to downsize their trust financing business according to tailored specifications provided by the regulator. The unofficial orders from the regulator followed a surge in demand for loans as companies scrambled for cash to help them weather the impact of the Covid-19 outbreak or to repay maturing loans. We detailed China's regulatory push to limit debt in October in "China Crackdown On Property Developer Debt Sparks Fears About Systemic Crisis" when we laid out the new "Three red lines" policy espoused by Beijing limiting the amount of new debt issuance.
In short, Huaxin Trust is the latest trust firm and "shadow bank" to run into trouble in a sector already reeling from the effects of a crackdown on shadow banking and an economic slowdown exacerbated by the coronavirus pandemic. Among them are Sichuan Trust Co. which has failed to repay investors more than 20 billion yuan, and Shanghai-listed Anxin Trust Co. once the darling of the trust sector, which collapsed last year and was found to have a "modest" 50 billion yuan black hole on its books.
The total assets in China's shadow bank sector have shrunk consistently since peaking in early 2018 as Beijing focused on aggressively limiting the amount of high-yielding debt issued by the sector.
However, with tens of trillions in yuan-denominated debt still outstanding within this loosely regulated offshoot of China's financial system, which still represents a last-ditch option for liquidity-challenged companies, as China's economy continues to shrink from the consequences of the pandemic regardless of the rosy and goalseeked data that Beijing is publishing on a monthly basis to convince the world - and China's massive depositor base - that all is well, we expect after the initial round of early tremors to hit China's trust companies such as Huaxin, the real shock to China's financial system is yet to come.


Hmm, shadow banking. It seems wherever the word is used there will be trouble forthcoming.
Mick
  Forum: Investment Discussion

mullokintyre
Posted on: Nov 23 2020, 12:38 PM


Group: Member
Posts: 2,949

Cancel that cyclone, the upperlevel trough has weakened.
Mick
  Forum: Investment Discussion

mullokintyre
Posted on: Nov 23 2020, 12:37 PM


Group: Member
Posts: 2,949

Geez, up another 15% today.
Must be some pretty good drill results!.
mick
  Forum: By Share Code

mullokintyre
Posted on: Nov 21 2020, 06:33 PM


Group: Member
Posts: 2,949

Well, theres ya second mistake.
Watching game of Thrones?
C'mon man, get a hold of yourself.
Mick
  Forum: By Share Code

mullokintyre
Posted on: Nov 21 2020, 01:03 PM


Group: Member
Posts: 2,949

A reasonable possibility that come the middle to end of next week we will get the seasons first cyclone forming in the gulf off Burketown.
Be nice if it drops into a rain depression over the channel country.
Mick
  Forum: Investment Discussion

mullokintyre
Posted on: Nov 20 2020, 03:43 PM


Group: Member
Posts: 2,949

Anything with the name Poseidon in it is to be avoid ed at all costs.
The film of same name was terrible.
There is a mob touting forex trades called Poseidon international (PSFXGROUP.COM) that repeatedly comes up on scam watch.
Its 50n yeass ago since the Poseidon Nickel announced the BIGGEST EVAH Nickel find in WA.
It drove the poor bloke who started it to an early death before he was even 40.
Nothing good ever came out of the name.
Micki
  Forum: By Share Code

mullokintyre
Posted on: Nov 20 2020, 09:51 AM


Group: Member
Posts: 2,949

Were ex sharescene great Arty still alive, I am sure he would love to get some of these for his cats.
FromCocunuts

QUOTE
Do you wear the hijab and would love the idea of twinning with your beloved feline friends? Look no further than your favorite online marketplace to find a matching purr-etty costume for your cats.Twitter account @txtdarionlshop, which is dedicated to document the strange and often hilarious world of online shopping, recently posted photos taken from a shop on Shopee that sells sharia-compliant costumes for cats. One of the items is named “Ukhti character costume for cats,” referring to the Arabic word meaning “my sister” but has come to be associated with modestly-dressed Muslim women.


The costume is sold for IDR85,000 (around US$6) and it can be found HERE.
Mick

  Forum: Off Topic Chat

mullokintyre
Posted on: Nov 20 2020, 08:57 AM


Group: Member
Posts: 2,949

The problem with all the global fund managers is that everything they say is geared towards conning more suckers to put money into their funds "to Manage". This of course means more money for the fund managers, not always the clients.
The best you can do is to look at what the big boys are actually doing, rather than what they are saying.
This of course, does not guarantee that what they do will make any more money than what they say will do.
From Wall street on Parade


QUOTE
According to the 13F filing that Warren Buffett’s Berkshire Hathaway made with the Securities and Exchange Commission for the quarter ending December 31, 2019, it held 59.5 million shares of JPMorgan Chase with a total value at that time of $8.29 billion. By June 30 of this year, that position had been trimmed by more than half, to 22.2 million shares. By September 30, one day after JPMorgan Chase had just admitted to its fourth and fifth felony count in the past six years, brought by the U.S. Department of Justice, Berkshire Hathaway’s position in JPMorgan Chase tallied up to just under 1 million shares, a 98 percent reduction from the beginning of the year, according to the SEC filing Berkshire Hathaway made on Monday.

And it’s not like Buffett is simply getting out of all big bank stocks. According to the same 13F filing for September 30, Berkshire Hathaway still held a whopping $24 billion in Bank of America stock; $4.7 billion in U.S. Bancorp; $3 billion in Wells Fargo; and $2.5 billion in Bank of New York Mellon.
Now the smart money seems to be saying it’s had enough. In addition to Buffett’s Berkshire Hathaway, George Soros’ investment arm, Soros Fund Management LLC has dumped all of its shares of JPMorgan Chase according to its 13F filing of September 30. That compares with the 258,252 shares it owned on June 30, 2020.


So from that, I would suggest that the smart money is rotating out of JP Morgan.
Not that anyone had been suggesting that would be a good play before they started doing it. That would have dropped the prices and they would have made less money.

Am I a cynical bastard?
You Bet!!!

Mick
  Forum: Investment Discussion

mullokintyre
Posted on: Nov 19 2020, 09:12 AM


Group: Member
Posts: 2,949

IPL still going up, now near the post covid highs.
Still a long way to go to pre covid 52 week high, which is a little surprising since the big increases in mining activity should keep the explosives side going going, and the really good Autumn and spring breaks should boost the fertiliser side of things.
Mick
  Forum: By Share Code

mullokintyre
Posted on: Nov 19 2020, 09:05 AM


Group: Member
Posts: 2,949

I seem to be the only person interested enough in ASM to post anything ,on ASM, which is a little surprising given its meteoric rise.
On October 13 I said
QUOTE
If Scotty from Marketing were an investor/trader, he would be saying "how good is ASM".


Well, things just keep getting better.
F
QUOTE
rom todays ASX release
Australian Strategic Materials (ASX:ASM) (ASM) has successfully confirmed the commercial
scalability of its innovative metallisation process with the production of 120kg of titanium
copper alloy (99.5% purity) at its facility in Korea.
ASM’s Ziron Tech team produced two 60kg runs of the titanium copper alloy at a rate
equivalent to approximately 1,000kg per day. This result is significantly above the targeted
250kg per day production rate, outlined in the agreement between ASM and Dongkuk
Refractories and Steel Co Ltd (DK R&S), announced on 2 November 2020.ASM Managing Director, David Woodall said “The successful commercial production run of
titanium metal alloy is a significant result for the ASM team in Korea. What is even more
pleasing is that this result was achieved using a newly registered patented improvement to
our metallisation process, which has more than doubled the metal yield. We continue to
discuss with DK R&S how we can accelerate the development of a metal processing plant in
Korea.
“In addition to producing metal products from our Dubbo Project in central west NSW, ASM
now has the potential to develop a significant business unit around titanium and other
metals. This provides a tremendous foundation for ASM and its shareholders.”


Still wish the commercialisation of the plant was happening in OZ, but I guess the costs of here versus Kore would a big factor.
perhaps a little political play as well.

Mick
  Forum: By Share Code

mullokintyre
Posted on: Nov 19 2020, 08:56 AM


Group: Member
Posts: 2,949

Any country can decide to confiscate the assets of another country.
Australia did it to Japan and Germany in WW2, as did UK, Canada, New Zealand etc.
Its much easier selling down treasuries than bricks and mortar, so that is the obvious place to start.
There is always a reciprocal to this, lots of US companies have invested in China, but they will have no chance of selling those assets down.
China would just take them, including any intellectual Property rights.
You can see whats happening in OZ with plenty of business people , industry leaders, lobbyists etc bleating that the Fed govt should be fixing the problem with China.
That just aint gunna happen unless we become completely subservient to the CCP, which is also impossibly unlikely.
We are just going to have to live with a crude, aggressive, xenophobic military dictatorship on our region.
Just like many other nations in Asia have had to do with Western nations, without the military dictatorship part.
The question they have to ask themselves iis this: is being subservient to western imperialist culture better or worse than being subservient to Chinese Imperialist Culture??

Mick
  Forum: Investment Discussion

mullokintyre
Posted on: Nov 19 2020, 08:20 AM


Group: Member
Posts: 2,949

As China moves out of foreign reserves, others move in a little, but nowhere near enough to cover the change.
From ZERO HEDGE

QUOTE
Some relatively positive news in the latest TIC data shows that the last 12 months purchases of Treasuries by foreign central banks surged by $59 billion to $221.6 billion - its highest since Jan 2019.
Total Long-Term Treasury Purchases: $22.5BN, sharp reversal from $33BN in sales in August

Purchases of Agencies $46.2BN, highest since Feb 2020

Foreigners sold a total of $28.7BN in corporate bonds, after $2.3BN in purchases in August

Stock purchases by foreigners $38.2BN, up from $26.6BN in August and most since May 2020.
While that is all bright and shiny news for the US Government's massive deficits, one trend continues - China is dedollarizing, dumping more of its Treasury holdings to the lowest since Jan 2017.Other high- (and low-) lights include:

Japan holds $1.28t, a decrease of $2.2b from last month

China holds $1.06t of U.S. Treasuries, a decrease of $6.3b from last month

Belgium holds $218.1b of U.S. Treasuries, an increase of $3.1b from prior month

Cayman Islands hold $231.6b, an increase of $2.7b from last month

Saudi Arabia holds $131.2b, an increase of $1.2b from last month

What is more interesting is that foreign official institutions bought for 2nd month in a row, something they haven't done since March 2018.

But the trend is clear.


The link below shows a chart showing the decline, but Sharescene admins in its great wisdom, do not allow IMG files, only TIF format.


https://www.zerohedge.com/s3/files/inline-i...g?itok=UvCC67I5

Cayman Islands , a tiny Island with a GDP in the low millions, has more treasuries than Saudi's.
Tax evasion anyone??

Mick
  Forum: Investment Discussion

mullokintyre
Posted on: Nov 18 2020, 10:24 PM


Group: Member
Posts: 2,949

You may be right.
I wrote this in Feb 09 2009 in this forum

QUOTE
The perth Mint has gold certificates called PMG's , issued by its subsidiary, Gold Corporation. Hidden in one of its reports is the following Gem:

QUOTE


Gold Corporation continues to be the owner of the gold bullion backing the PMG [ie, certificate]. However,
even though Gold Corporation holds gold bullion in order to back the PMGs, it is not required
to do so and does not hold gold bullion for the benefit of the Holder."

QUOTE



The PMG's are a call Warrant, and "backed by the WA Government". However, if there is no gold to buy, tough titties.


I was thinking of the gold certs rather than the newer GOLD ETF.
My appologies.
Mick
  Forum: Macro Factors

mullokintyre
Posted on: Nov 18 2020, 09:47 PM


Group: Member
Posts: 2,949

Damn, missed it again!
Was washing my hair.
Mick
  Forum: Off Topic Chat

mullokintyre
Posted on: Nov 18 2020, 06:59 PM


Group: Member
Posts: 2,949

I think I may have mentioned this in the long distant past (around 2012 I think), but it remains as warning.
From Chuck Butlers newsletter

QUOTE
Speaking of Gold… The good folks at GATA sent me this quote from Egon Von Greyerz, so here goes: “The ETF market is primarily a paper market or at best a market which consists of gold leased from central banks. When there is major buying of the biggest gold ETF, GLD, the Swiss refiners seldom see an increase in sales. Instead the bullion banks are lending central bank gold to the ETF. For that reason, anyone who buys gold for wealth preservation should never buy a gold ETF but real physical gold."

The gold certificates from perth Mint fit this characteristic. There may or may not be sufficient physical gold to back them up in case of a liquidity crisis.

And then there was this gem from Blacklist News
QUOTE
The global elites' techno-fantasy of a completely centralized future, The Great Reset, is addressed as a future project. Too bad it already happened in 2008-09. The lackeys and toadies tasked with spewing the PR are 12 years too late, and so are the critics listening to the PR with foreboding.

Simply put, events outran our understanding of them. The future already manifested while we were trying to cram the present arrangement into an obsolete conceptual framework.

In broad-brush, the post-World War II era ended around 1970. The legitimate prosperity of 1946-1970 was based on cheap oil controlled by the U.S. and the hegemony of the U.S. dollar. Everything else was merely decoration.

The Original Sin to hard-money advocates was America's abandonment of the gold standard in 1971, but this was the only way to maintain hegemony. Maintaining the reserve currency is tricky, as the nation issuing the reserve currency has to supply the global economy with enough of the currency to grease commerce and stock central bank reserves around the world.

As the global economy expanded, the only way the U.S. could send enough dollars overseas was to run trade deficits, which in a gold standard meant the gold reserves would go to zero as trading partners holding dollars would exchange the currency for gold.

So the choice was: give up the reserve currency and the hegemony of the U.S. dollar by jacking up the dollar's value so high that imports would collapse, or accept that hegemony was no longer compatible with the gold standard. It wasn't a difficult decision: who would give up global hegemony, and for what?


I would recommend the reading of the full article. It has some devastating charts on how the richest elites have taken even greater shares of the wealth of the world.

Whether Trump or Biden/Harris end up in the white house is completely irrelevant.
The mega rich continue to get mega richer.
Tough shit for everyone else.

Mick
  Forum: Macro Factors

mullokintyre
Posted on: Nov 18 2020, 02:47 PM


Group: Member
Posts: 2,949

Up to 0.155 today. Up nearly 30% in a little over a week.
As is my normal policy, sold half today and keep the rest.
Mick
  Forum: By Share Code

mullokintyre
Posted on: Nov 18 2020, 02:33 PM


Group: Member
Posts: 2,949

Thanks for this one Nip, added some as a speccy today.
Mick
  Forum: By Share Code

mullokintyre
Posted on: Nov 18 2020, 08:20 AM


Group: Member
Posts: 2,949

Much has been written (particularly by one D Trump) about voter fraud in the US.
There is almost always a rider at the end that says something like "without any proof".
Well, they may have some now.
From NBC

QUOTE
A man who tried to run for mayor in Hawthorne is among two people charged in a voter fraud case in which thousands of fraudulent voter registration applications were allegedly submitted on behalf of homeless people, the Los Angeles County District Attorney's Office announced Tuesday.

Carlos Antonio De Bourbon Montenegro -- also known as Mark Anthony Gonsalves -- was set to be arraigned Tuesday in a downtown Los Angeles courtroom on 18 felony counts of voter fraud, 11 felony counts of procuring a false or forged instrument, two felony counts of perjury and one felony count of conspiracy to commit voter fraud, along with nine misdemeanor counts of interference with a prompt transfer of a completed affidavit, according to the District Attorney's Office.

Montenegro, 53, allegedly submitted more than 8,000 fraudulent voter registration applications between July and October, as well as allegedly falsifying names, addresses and signatures on nomination papers under penalty of perjury to run for mayor in Hawthorne.


Now before anyone jumps down my throat about being a right wing Trump supporter, as I have said before, I have no skin in this game.
I am not supporting one side or the other.
I am merely pointing out that the US voting system has more holes than a colander.
In this instance, its highly unlikely that this would overturn the results in CA, its a 40 million plus state, that has consistently been pro democrat in most recent times.

Mick
  Forum: Off Topic Chat

mullokintyre
Posted on: Nov 17 2020, 10:21 PM


Group: Member
Posts: 2,949

This you tube has a young nine year old Dutch girl singing Opera.
Quite amazing voice.
Just skip over the intro stuff till you get to her singing.
Brought tears to me eyes.
Talent

mick
  Forum: Off Topic Chat

mullokintyre
Posted on: Nov 17 2020, 04:27 PM


Group: Member
Posts: 2,949

Land tax is a politicians dream. Instead of only getting stamp duty on a sale, the gov gets something every year.
And they can index it!
So then it does not matter if there is a housing boom or ust, they can budget on a fixed amount every year.
Don't know why they have not done this already!
Mick
  Forum: Investment Discussion

mullokintyre
Posted on: Nov 17 2020, 02:29 PM


Group: Member
Posts: 2,949

RBA boss, Phillip Lowe said there will be no rate rises until wages growth picks up.
I guess then we can assume that there ill be no further rate cuts either.
From Todays OZ

QUOTE
Australian workers struggling with a dismal pace of wages growth in coming years will at least not face rising rates, after the Reserve Bank’s minutes from its historic Melbourne Cup day meeting made it clear that the central bank won’t tighten policy until pay packets are lifting “materially faster” than recent levels.

The RBA board pulled the trigger on a likely final rate cut from 0.25 per cent to 0.1 per cent and launched a $100bn bond-buying program on November 3 when it “became clearer that unemployment would remain high and inflation subdued for an extended period”, the minutes read.

Wages growth is a key driver of inflation, and the lingering impact of the downturn would leave a legacy of heightened spare capacity in the labour market, which was “expected to result in subdued wages growth and inflation over coming years”.

The minutes noted that the cash rate would not be lifted until inflation is “sustainably” back within the bank’s 2-3 per cent target range.

“For this to occur, wages growth would have to be materially higher than recent levels,” board members heard.

“Given the outlook, the board does not expect to increase the cash rate for at least 3 years,” the minutes read, while noting that the three-year bond rate target would be removed before the cash rate was lifted.Private sector wages inched 0.1 per cent in the June quarter as the pandemic and associated restrictions triggered wage freezes and lay-offs, bringing the annual pace to an all-time low of 1.7 per cent. The Australian Bureau of Statistics will release the September quarter update on the wage price index tomorrow, but the RBA expects annual wages growth will slump to 1 per cent by mid-2021 and stay below 2 per cent for years.

Despite positive signs of a relatively rapid recovery from the COVID-19 recession – which was acknowledged by governor Philip Lowe in a speech on Monday night – board members concluded that “the recovery was expected to be protracted and uneven”.

Dr Lowe has said lowering the unemployment rate was a “national priority”, and the minutes echoed that sentiment.



Interesting viewpoint, the assumption that Inflation is tied to wages growth.
So what is he going to do if the cost of health, food, transport, energy etc all go up without a commensurate wages rise??
What is he going to do if the punitive action by China gets even more severe and teh AUD, seen as a commodity based currency, falls out of favour and drops like a stone?
Just let it ride??
My opinions of the good Doctor are falling with each announcement.
Mick
  Forum: Investment Discussion

mullokintyre
Posted on: Nov 17 2020, 10:52 AM


Group: Member
Posts: 2,949

From Global Times
QUOTE
The Chinese mainland is formulating a blacklist of "stubborn Taiwan secessionists," Hong Kong-based newspaper Ta Kung Pao reported on Sunday.

For the "stubborn secessionists" and their funders, the mainland will take strict measures to bring them to justice in accordance with the Anti-Secession Law, the Criminal Law and the National Security Law. They will be held accountable for life. We highly support the formulation of the list.

Taiwan secessionist forces have become increasingly rampant in the past few years. They have continuously incited populist sentiments and colluded with external forces to step up promoting Taiwan secession. Some forces even tried to manipulate a "constitutional amendment," "constitution" and "referendum" in an attempt to promote the "legal basis for Taiwan independence." All these have become a blatant challenge to the mainland's bottom line of safeguarding national sovereignty and territorial integrity.

Formulating the blacklist is an important move to combat and contain Taiwan secessionist forces, and a clear declaration that the mainland will never tolerate secession. The world has long known the egregious acts of Su Tseng-chang and his like. Their recent trick of a "constitutional amendment" to seek "independence" has been seen through. The list is a solemn warning to stubborn Taiwan secessionists and their funders.

In addition to the Anti-Secession Law, the Criminal Law and the National Security Law also contain clauses about the crime of secession. These "stubborn Taiwan secessionists" are now at the very frontline to commit this serious crime. The blacklist would be a huge deterrent to this group; it is by no means an empty threat. In particular, these Taiwan secessionists will be held accountable for the rest of their lives under the laws, which means they cannot find a permanent shield for their crime, with the nightmare of being punished chasing them their whole life.

Those on the list will be punished in accordance with the laws and may face criminal prosecution. That means they will no longer be able to set foot in Hong Kong, Macao and the Chinese mainland, and it will also be very dangerous for them to travel to other countries and regions. In short, this list will be a sword of Damocles hanging over their heads for a long time to come, and they will never know when it will come down.

The Taiwan secessionists and their sponsors and other major supporters should not take any chances, thinking that they will be able to do whatever they want across the Taiwan Straits with the protection of some countries. But looking ahead, the Straits is very shallow that could not stop the righteous punishment from the mainland. Their fate is full of uncertainty. As the saying goes, "Today you are having fun, but tomorrow you might be done."


The CCp is going to launch an attack on Taowan at some time.
The big question is when.
The next question is, will any other regimes come to Taiwan's aid?
I don't think so.
We can only hope we don't caught in the crossfire and become collateral damage.
Mick
  Forum: Investment Discussion

mullokintyre
Posted on: Nov 17 2020, 10:45 AM


Group: Member
Posts: 2,949

from Cut and Past in the OZ

QUOTE
Have you heard of the Curse of Tippecanoe? History Channel, October 19:

Starting with William Henry Harrison and ending with John F. Kennedy, every 20 years the country elected a president who would die in office … the “pattern” was due to a curse Shawnee Chief Tecumseh placed on Harrison and future presidents after Harrison’s troops defeated Tecumseh’s at the Battle of Tippecanoe in 1811.

Is America overdue?

Joe Biden turns 78 on November 20.


I always thought it would be Trump, probably via a disgruntled member of the whitehouse corps.

Mick
  Forum: Off Topic Chat

mullokintyre
Posted on: Nov 17 2020, 09:51 AM


Group: Member
Posts: 2,949

Kinda surprised that Gold and silver have not gone up as much as the USD declines.
The AUD is not that much better than any other currency as an investment vehicle, given we are at (almost) zero interest rates and QE'ing at rates similar to all the other CB's.
Just gos to show that much of it is sentiment driven rather than fundamental changes.
Mick
  Forum: Macro Factors

mullokintyre
Posted on: Nov 17 2020, 09:47 AM


Group: Member
Posts: 2,949

Yesterday, was talking to a mate who is in the Avionics business.
he was telling me how the component supply business has been turned on its head.
There are some components (particularly chip processors) where the lead time is out to two years!.
He says its impossible to forecast out your requirements two years, especially as the technology improves so rapidly.
he was telling me about the "old" 802.11 wifi chips are being priced around 8 bucks on bulk orders, and the new 802.16 WIMAX chips at less than 20.
he reckons soon the antenna will cost more than the WIFI s chipset.
Same with GPS systems. You can now buy a complete GNSS system on a chip.
pretty soon anything and everything will be GPS and wireless fitted.
Mick
  Forum: Investment Discussion

mullokintyre
Posted on: Nov 17 2020, 07:35 AM


Group: Member
Posts: 2,949

Some sportspeople are champions at their sport but just struggle for warmth.
Sometimes they lack a little humility, sometimes they just don't let their feelings be known and appear cold and distant.
Some lack the ability to relate to plebs who do not move in their exalted realms.
I can't feel any attraction for Lewis Hamilton, or for that matter Serena Williams and Novak Dkokovich. But they are no doubt champion players.
Adam Goodes was another to whom I could not warm to. Eddie Betts is on a different plane, and its almost impossible to dislike Eddie unless you are a Collingwood supporter.
The local boofhead tennis player Nick Kyrgios has all the warmth of a slug, whereas Ash Barty is someone who would get welcomed into any household in OZ.
Mick

  Forum: Off Topic Chat

mullokintyre
Posted on: Nov 16 2020, 02:38 PM


Group: Member
Posts: 2,949

And straight in with the straw man argument.
I never defended Trump. He's big enough to do that for himself should he think he needs to do so.
I defended the right of people to vote for him, and criticised your arrogant generalisation about them.
Secondly, you were the one who brought the comparisons in when you compared Canada to the USA
So I guess by your own words you are flaccid and idiotic.
At no stage did I suggest that any deaths did not concern me.
I pointed out the lack of logic in your statements.
And that trend for you continues.
Micki
  Forum: Off Topic Chat

mullokintyre
Posted on: Nov 16 2020, 12:48 PM


Group: Member
Posts: 2,949

QUOTE
Stupid is, as stupid does.

Americans are that stupid that they cant even look to Canada which is close to 10% of the USA in size and wonder why their rates are 30% of the USA on both infections and deaths. Canada globally has NOT done a good job .... USA is sadly worse. Thats without the current 2 million added in 16 days .... so add another 50,000 to the grim USA stupidity and death toll.


Thats about as arrogant and ignorant as Hilary Clinton's "deplorables " speech.

You have no more idea of why nearly half the US voted for Trump than the democrats and the MSM.

we know you hate Trump.

Everything you post reinforces it.

But guess what , your opinion does not count.

You don't get to Vote in the mess they call an election, you don't live in the country, you have no idea about the lives of these people, you know nothing about their aspirations, should they even have any.

You also don't seem to understand basic concepts of disease control.

Why do health authorities insist on social distancing?
You don't get covid in isolation.
Where are the most prevalent cases?
In higher density situations, like inner cities.
Its no great surprise that the Canada has a much lower rate, its a whacking big country with a lot of sparely populated areas.
The states that voted for Trump are largely rural where the close personal contacts are greatly reduced.
Have a look at OZ. Where are the cases? Virtually all in the densley popluated cities.
the recent elections in Queensland show that the majority of people in the densley populated areas of the South East voted Labour again.
And guess where the vast majority of Queenslands cases occured? In the densely populated areas of Sth East queensland.
Does that make all those Labor voters stupid?

Mick
  Forum: Off Topic Chat

mullokintyre
Posted on: Nov 16 2020, 12:14 PM


Group: Member
Posts: 2,949

The night they drove ole Dixie down ....
Been a long night Danville
Mick
  Forum: Macro Factors

mullokintyre
Posted on: Nov 16 2020, 11:15 AM


Group: Member
Posts: 2,949

And the report is out.\
From Todays OZ
QUOTE
An ASIC review of the buy now, pay later industry has found the number of transactions nearly doubled in the 2018-19 financial year, but 21 per cent of users who were surveyed missed a payment over the same period.

Missed payment fee revenue for the six providers totalled $43m, up 38 per cent compared to the previous financial year.

“Our review shows additional costs are borne by some consumers who are incurring missed payment fees and who report financial stress and difficulty meeting other financial commitments,” the ASIC report, released on Monday, says.

“While most buy now, pay later arrangements are marketed as a budgeting tool or a way to make purchases more affordable, some consumers are missing payments and incurring fees as a result.

“From our research we also found that some consumers who use buy now, pay later arrangements are experiencing financial hardship, such as cutting back on or going without essentials (for example meals) or taking out additional loans, in order to make their buy now, pay later payments on time.

“ASIC said regulatory changes that would soon be implemented, as well as an industry code of conduct, provided an opportunity to address consumer harm.

Design and distribution obligations, requiring the industry to design products that meet consumer needs, will come into effect in October 2021.

Companies are also developing a code of conduct to generate good consumer outcomes.

The buy now, pay later providers reviewed by ASIC included industry giant Afterpay, BrightePay, Humm, Openpay, Payright and Zip Pay.

The number of buy now, pay later transactions increased from 16.8m in the 2017-18 financial year to 32m in the financial year 2018-19, up 90 per cent. is also a risk that consumers may be paying inflated prices for some goods and services when using a buy now pay later arrangement.”


So, I wonder who will carry the financial cost of those who just don't pay??

Mick
  Forum: By Share Code

Poll: The Banks
mullokintyre
Posted on: Nov 16 2020, 08:58 AM


Group: Member
Posts: 2,949

From todays OZ

QUOTE
In over three decades of granular coverage of the big four banks, veteran bank analyst Brian Johnson has never pulled his punches.

Having just digested annual results for three of them and a first-quarter trading update for Commonwealth Bank, he is recommending a ‘‘more aggressive individual stock selection’’ because he believes the outlook for each bank to be very different: a hold for CBA, a buy for National Australia Bank, and Westpac and ANZ out of favour. Johnson also has a simple question for Reserve Bank governor Phil Lowe, who is on his feet tonight at a CEDA event: just what does the RBA mean by being prepared to do more after its Melbourne-driven cut rate cut and quantitative easing? Because the answer has very real implications for bank bottom lines.

Taken together, Jefferies’ top banking analyst says there are mixed messages for the big four in a climate of insipid credit growth.

“Based on where we are in the economic cycle, you’d be thinking that we won’t have as bad a loan loss cycle as we had thought, which is really good, but the flipside is that the plunging revenue and cost trends are probably long-lasting, which could be even worse.”

Johnson rolls his eyes when asked about the effort behind recent coverage. Before COVID struck, he had switched shops from brokerage CLSA to Jefferies and had to rebuild all his bank models from the ground up.

Then with the royal commission fallout and a huge monetary and fiscal response to the pandemic, he has almost had to do it again.His reputation for calling management to account over the years is legendary, most memorably with NAB.

“I said the real secret to making money was to get a job at NAB, get paid in the top quartile, take any shares they gave you and sell them, because NAB’s operational underperformance for 30 years was amazing and it’s hard not to put it down to very bad management,” Johnson says.

“In the Godfather film, they said ‘he sleeps with the fishes’, but at NAB it’s just that embedded culture — it just never improved for 30 years.”

Shortly after NAB’s forex scandal in 2004 he wrote a blistering dot point analysis of NAB’s failures. “Yeah, well, I also had that on ANZ at one point too,” he adds.Johnson’s view on NAB, now under new management, has changed. “We’ve got a great chairman, a great CEO. I just can’t help but think after decades of chronic underperformance there isn’t a fantastic opportunity to lift performance.”


Two interesting things I got out of this.
1. Why would the lead singer of AC/DC moonlight as a banking analyst?
2. The culture may or may not have improved at the NAB, but as a 40 year customer, the service has not.

Mick
  Forum: Investment Discussion

mullokintyre
Posted on: Nov 16 2020, 08:25 AM


Group: Member
Posts: 2,949

Well, looks like Leigh Junk has managed to make the dCN company bigger by merging with NM.
Have not looked at NTM as a source of trading/investment, so know nothing about them.
RMS it seems did not see enuff value on either co for a takeover.
Never got my sub 30 investment, so have no skin in the game.
Mick
  Forum: By Share Code

mullokintyre
Posted on: Nov 15 2020, 07:35 AM


Group: Member
Posts: 2,949

Despite the fact that it seems inevitable we will have a new regime in the USA, its funny how so many of the same ole agents of influence keep popping up.
FromANTiWar

QUOTE
Biden’s Pentagon Transition Team Members Funded by the Arms Industry
Investigation found one third of the team worked for organizations that receive funding from weapons makers
On Tuesday, Joe Biden released a list of transition teams for the various departments in his future White House. The Pentagon transition team for Biden consists of 23 people, many of whom hail from hawkish think tanks.

The team is led by Kathleen Hicks, who worked in the Pentagon under the Obama administration. Hicks most recent employer is the Cen­ter for Strate­gic and Inter­na­tion­al Stud­ies (CSIS), a think tank that receives contributions from arms makers like Northrop Grumman, Boeing, Lockheed Martin, and Raytheon, to name a few.

CSIS also receives contributions from governments. The think tank’s top government donors are the US, the UAE, Taiwan, and Japan. Two other CSIS employees are on the transition team; Andrew Hunter and Melissa Dalton, who both worked in the Pentagon under the Obama administration.

CSIS employees author policy papers and Op-Eds that generally call for more US involvement around the world. In August, Hicks co-authored an Op-Ed in The Hill titled, “Pentagon Action to Withdraw from Germany Benefits Our Adversaries,” a piece that slammed Trump’s plan to draw down troops from Germany, which Biden could to call off.

Two members of the transition team come from the Center for a New American Security (CNAS), Susanna Blume, a former Pentagon employee, and Ely Ratner, who served as deputy national security advisor to then-vice president Joe Biden from 2015 to 2017.

CNAS is another think tank that enjoys hefty donations from weapons makers, major corporations, and governments. From 2019 to 2020, CNAS received at least $500,000 from the US State Department and at least $500,000 from Northrop Grumman. Other donors include Google, Facebook, Raytheon, and Lockheed Martin.

Three more team members list their latest employer as the RAND Corporation, Stacie Pettyjohn, a wargaming expert, Christine Wormuth, who held a few roles in the Obama administration, and Terri Tanielian, a behavioral scientist.

RAND is another hawkish think tank that receives the bulk of its funding from the US government, including the US Army, Air Force, and Department of Homeland Security. RAND is also funded by the UAE, Qatar, and NATO.

A report from In These Times found at least eight out of the 23 team members come from organizations that receive funding from US weapons makers (not including RAND). Besides the CSIS and CNAS employees listed above, In These Times includes Sharon Burke, who works for New America, Shawn Skel­ly, from CACI International, and Vic­tor Gar­cia, from Rebellion Defense.


And you can bet that a lot of the financial and economic genii that will come with the Biden train will hail from on of the big banks, the myriad of lawmakers will hail from the same lawfirms tht have protected the big banks over the years.
It seems the more things change, the more they stay the same.

Mick
  Forum: Off Topic Chat

mullokintyre
Posted on: Nov 14 2020, 08:30 PM


Group: Member
Posts: 2,949

Are we seeing the decline of the once invincible all blacks?
After OZ managed a a 2 point win over the AB's earlier this month, it seems the Argentinian Pumas have gone one better/
FromThe OZ

QUOTE
Coach Mario Ledesma burst into tears in the coach’s box as his Argentina side pulled off the greatest triumph in the 71 years of Pumas rugby to defeat the All Blacks 25-15 for the first time in history in Sydney today to throw the Tri Nations Cup wide open.

The Pumas have played the All Blacks 29 times in 35 years and all they had ever to show for their perseverance was a 21-21 draw against them in Buenos Aires back in the original series, in 1985.

It was the second defeat the All Blacks have suffered in two matches, the first time that has happened since they lost two Tests in the lead-up to the 2011 World Cup – which they won. Australia has a part in that history, beating the All Blacks 25-20 in Brisbane on the back of a South African win in Port Elizabeth, and the Wallabies again were the first leg of this astonishing trifecta, beating New Zealand by two points in the opening match of the tournament last week.


Just need the Irish, the Welsh , The Poms , and the Italians to complete the clean sweep.
Mick
  Forum: Off Topic Chat

mullokintyre
Posted on: Nov 13 2020, 09:20 AM


Group: Member
Posts: 2,949

COVID has been a terrific for public servants.
FromThe Spectator
QUOTE
How much is enough?  How much should our children and grandchildren be forced to pay for the cowardice of our political leaders?  How much?

For all the talk of a recession in Australia, this is not the case.  It is not a universal recension.  This is a private sector recession.  The public sector has not been touched one inch, one iota.  One pinch.  It’s doing just fine.

This morning the Australian Bureau of Statistics released its survey on public sector employment and salaries. And what a release.

As of 30 June 2020, there were over two million public servants across the three levels of Australian government costing $174 billion, yes billion dollars.  And that’s just salaries.  This does not include travel, accommodation or Cartier watches.  That’s also more than the annual cost of Australian welfare.

In the 12 months to end June 2020, the 12 months that includes only three months of CoronaParty2020, the number of public sector employees across the three levels of Australian government, decreased by a negligible 0.3% to 2.04 million, but average salary costs increased by 4.6.  Yes.  That’s right. 

And let’s remember that this number of public sector employees does not include “off the books” public servants such as those in so-called business enterprises (the NBN, Sydney Water, Queensland and WA electricity).  It does not include members of the Australian Defence Force or diplomatic staff.  It also does not include “outsourced” public servants such as the armies of compliance officers that permeate the Australian economy ensuring that businesses meet the many, varied and unnecessary functions that public sector regulators are too lazy to do.

This number of public sector employees is truly mind-blowing, but particularly so when considering that it is more than the entire population of Perth, more than the entire population of Adelaide and almost four times the population of the entirety of Tasmania.

The Australian public sector accounted for 16.5% of the number of people employed as at end June 2020.  Up from 15.9% twelve months earlier.  But wait.  There’s more.  This is before the Victorian government annihilated its private sector economy and before the public sector wage increases kicked in.  And no doubt this will not surprise, but the average per employee cost across all state government increased by 5.1%.  But special mention for Victoria whose public servants costs increased by an average 7.3%.  For the public sector employees reading, they should not panic.  This is before the salary increases that kicked in on 1 July 2020.


More than the cost of Australias welfare bill.'How much more damning can you get?
And all the while, their terms of employment keep getting better for them.
Pay rises when the private sector can't even keep their jobs.
More leave, more security (don't they have enuff already), more on costs,, more everything except productive output.

Mick



  Forum: Off Topic Chat

mullokintyre
Posted on: Nov 13 2020, 09:01 AM


Group: Member
Posts: 2,949

EB, I don't think most Americans even understand their electoral system, much less the outsiders.
Its bad enough having an indirect system whereby the voters in each state vote for a state electoral college reps who then vote for a president on behalf of the states voters.
Some states vote their reps on a proportional basis depending on the votes for each party, in other states its all or nothing.
One of the strangers things I find is that there is no equivalent of the Australian electoral commission.
The electoral college votes that have been published are not from any central voice of Authority, but by the many and varied media orgs.
The counting of votes is controlled by each state individually, with varying degrees of probity and accuracy.
Over the years, the voting system itself has become more and more political. and I can't see that changing because although the US is a federation, the states have far more power than is the case here in OZ.
They don't even use the same voting system in each state, some physical, some electronic, some a hybrid.
And of course the various state courts have interpreted what is acceptable as a vote in a less than consistent manner.
The whole thing really needs an overhaul, but vested interests in both major parties do not want to give up any perceived or real advantage.
The OZ system has its flaws, but geez compared to the US system, its a brilliant.
Mick

  Forum: Off Topic Chat

mullokintyre
Posted on: Nov 12 2020, 08:58 PM


Group: Member
Posts: 2,949

EB, I have absolutely no idea.
Firstly, I still don't trust the Chinese, the Koreans (either side of the 35th Parallel), the Americans, the Russians, The Iranians , The Saudis, Israel, the EU , Any country in West Africa, nor Brazil.
I even have my suspicions about the Brits.
About the only country I trust currently is Iceland.
Like most people, I reckon Trump is an egostical loudmouth.
But he is one of very few US presidents that did not invade another country in his first (and likely only) term.
he has also started pulling US troops out of overseas bases.
I see both of these as good things.
Whether the CCP view this as weakness, I have no idea.
So your guess is as good as mine.
Mick
  Forum: Off Topic Chat

mullokintyre
Posted on: Nov 12 2020, 01:49 PM


Group: Member
Posts: 2,949

The performance of the bowlers is all the more meritorious given the flat pitches they were served up.
Mick
  Forum: Off Topic Chat

mullokintyre
Posted on: Nov 12 2020, 01:47 PM


Group: Member
Posts: 2,949

Brett Sutton the Chief Health Officer, is best known for his role as the face of "the science" in the battle to defeat COVID outbreaks in Cictoria, was in a bit of bother recently after it was discovered he had withheld an email form the judicial enquiry into the covid second wave.
As the boss of DHHS, it seems that that the good Prof may have a little bit of form in being a little rubbery with facts and figures.
The Dandenong Council used the DHHS to shut down a Dandenong food factory citing health reasons mainly due to Listeria.
From The OZ

Some 10 years ago 13 Victorian councils set up a company called Community Chef to compete with private food manufacturers to provide meals on wheels and hospital meals. The plan was backed by none other than the then Victorian health minister Daniel Andrews (now Premier) and the then federal regional development and local government minister Anthony Albanese (now federal Opposition Leader).

A state owned business competing with well managed private sector operators will normally get into deep trouble (Australia Post in parcels is a notable exception).

And so the Victorian government had to pour large sums into the Community Chef business to cover the losses. But eventually it became clear that there was no future for Community Chef unless the business had a guaranteed market share.

But for the Victorian government to deliver that monopoly required that there must be no private competitors. Yet Community Chef’s rival I Cook Foods was prospering.

Then in 2019 the Victorian Department of Health and Human Services – later to be a prominent player in the hotel fiasco – received a report that there might have been traces of listeria in sandwiches provided by I Cook Foods to a hospital.

Later checking discovered that the report was a complete fabrication and there was no listeria in sandwiches provided by I Cook Foods and indeed it’s doubtful that any patient was infected.

But there was no time for checking. The local council sent in an inspector and apparently found a slug in the I Cook Food plant. There is considerable doubt as to how that slug got there – it certainly couldn’t have crawled in.

Suddenly Victorian government public servants who were later to become household names in the COVID-19 pandemic emerged from the shadows.

There was no waiting for proper checking and one official immediately went on radio tearing strips off the company on the basis of what was later shown to false or doubtful evidence. But the bungles didn’t stop there.

The public servants wanted I Cook Foods shut down as soon as possible. But no valid shutdown order can be executed until there is an order from the secretary of the Department Health and Human Services.

Such an order arrived at 8:21 in the evening.

And according to evidence later presented to a parliamentary inquiry into the affair that’s when the shutdown took place.

A small problem: When the plant was shut down the officers took a video of their actions shutting down the plant at a much earlier time and without proper permission. . But strangely it is missing. If that video is discovered it is likely to show that the shut down took place illegally and the cover up will be blown. And remember the shutdown was based on false or at least highly dubious evidence.

From Dandenaongs Local rag
QUOTE
I Cook Foods has launched Supreme Court action as it alleges Parliamentary inquiry evidence has confirmed the business’s shutdown was a “stitch-up” by health authorities.

The lawsuit for damages was lodged at the court on 24 June – the same day that the department defended its actions at the Upper House inquiry into I Cooks’ closure.

“We’re going to keep fighting,” director Ian Cook said.

Mr Cook is also demanding a right-of-reply to the inquiry to rebut testimony by Greater Dandenong Council and the department.

He says it can show the family business was illegally shutdown, the listeria risks were exaggerated, and the food-safety breaches were fabricated.

In February 2019, the DHHS closed the Dandenong South commercial caterer for more than a month to allegedly stop a listeria mono food-poisoning outbreak after the death of an elderly hospital patient.

It effectively destroyed a 33-year-old, $40-million-plus business and 41 jobs, the Cooks say.

Armed with extensive video footage, I Cook Foods says it can refute Greater Dandenong inspectors’ claims of alleged food-safety breaches such as pooling of water, a slug and cross-contamination risks.

Body-camera footage shows an inspector reporting the business’s non-compliance on the phone to a DHHS officer. The time was before the inspector stepped foot in the factory.

The council later dropped all 96 charges against the company and Mr Cook. It told the inquiry that the charges were only withdrawn due to a potential $1.2 million legal cost if appealed.

I Cook has submitted video and documents to Victoria Police to investigate alleged crimes by Greater Dandenong officers.

“We can completely prove on the evidence that it was a stitch-up,” Mr Cook said.

Chief Health Officer Brett Sutton told the inquiry a “soup” of listeria strains were found across seven food samples.

There were “long-standing” flaws at the factory that could sustain listeria, and so production needed to stop, he told the inquiry.

Yet, on the day of the closure, the council took 17 swab-tests of the factory blades, benches, sinks, chopping boards, drains and floors. All swabs came back clear of listeria.

The results were received by DHHS on 1 March – while I Cook was still closed. The ‘exoneratory’ findings were withheld from I Cook Foods until 20 December.

Its staff had all received training certificates at Chisholm and Holmesglen TAFEs – contrary to the council’s claims they were untrained. Greater Dandenong chief executive John Bennie is a director at Chisholm.

It also contests allegations of a history of listeria and food-safety “complaints”. Each year, the factory is inspected by the council and independently audited by a DHHS-accredited third party

I Cook Foods also questions the legality of the closure, given Chief Health Officer Brett Sutton was required to be “satisfied by a report by an authorised officer”.

During the inquiry on 24 June, Deputy Chief Health Officer Angie Bone said “there was no one report”.

“The reality is in something that is very, very fast-moving and urgent, it’s a number of reports that are taken collectively.”

For months, Mr Cook had sought through the Supreme Court for a copy of the report.

He was provided an email titled ‘ACTION – Next steps for listeria-related food withdrawal and I Cook Foods’ dated the night of the closure.

Mr Cook says the department “re-wrote the Food Act” during the inquiry by asserting I Cook should have had a listeria management plan.

He said under the law, food premises under his classification aren’t required to have listeria management plans.

Such plans are only required for manufacturers of smallgoods, seafoods and dairy products.

“Hospitals would have to close down under such conditions,” Mr Cook said.

“They would have to close food premises down left, right and centre.”

The listeria found on the food samples was at levels 10 times below the legal 100 cfu food standard limits – yet health authorities argued I Cook should be held to a higher standard due to its vulnerable clientele.

Mr Cook accuses the department of a “scientific fraud” in linking four I Cook Foods food samples to a listeria-related death through genomic sequencing.

The findings, which were withheld for 30 days, showed I Cook Foods samples’ were “potentially related”, Mr Cook said.

But in a “cover up”, the report redacted three other “potentially related” samples on a phylogenetic tree were excluded and redacted.

“They profoundly misled the inquiry.”

Mr Cook refuted Professor Sutton’s claim that the genomic sequencing was like a “DNA fingerprint”. It is an imprecise estimate, a “best guess”, Mr Cook says.

There are so many things wrong here.
Firstly, the massive conflicts of interest the councils and its officers had in the issue.
Secondly, the ridiculous amount of time it has taken to get these details out.
And thirdly, it seems that DHHS is a specialist organisation when it comes to coverups and hiding its dodgy tracks.

Mick
  Forum: Off Topic Chat

mullokintyre
Posted on: Nov 12 2020, 12:46 PM


Group: Member
Posts: 2,949

Ah, Albert, Albert, Albert.
You wouldn't have been ramping by any chance would you??
From Todays OZ

QUOTE
The chief executive of Pfizer sold almost two thirds of his shares in the drugs company for dollars 5.6 million on the same day that it announced a breakthrough on its COVID-19 vaccine, which sent its shares higher.

Albert Bourla sold 132,508 shares in the company, 62 per cent of his holding, at an average price of dollars 41.94 a share, filings with the US Securities and Exchange Commission show.

Pfizer’s shares closed up 7.7 per cent on Monday at dollars 39.20 after the company said that initial, late-stage clinical trial data showed that the vaccine was 90 per cent effective. Yesterday (Wednesday) they fell 0.4 per cent to close at dollars 38.52.

The encouraging data also triggered a relief really in global markets and raised hopes of mass vaccinations next year to help to combat the coronavirus. Pfizer’s stock closed as high as dollars 40.71 in January, meaning that Dr Bourla sold his shares at close to their best value this year. He retains 81,812 shares.

A spokeswoman for Pfizer said the shares had been sold as part of Dr Bourla’s “personal financial planning and a pre-established plan, which allows, under SEC rules, major shareholders and insiders of exchange-listed corporations to trade a predetermined number of shares at a predetermined time … Through our stock plan administrator, Dr Bourla authorised the sale of these shares on August 19, 2020, provided the stock was at least at a certain price.” There is no suggestion of wrongdoing.

Pfizer is developing the vaccine in partnership with Biontech, a German company. Pfizer said on Monday that it would produce up to 50 million vaccine doses globally this year, half the number it projected in July, and up to 1.3 billion in 2021.

READ MORE:Vaccine faces storage, transport problems|Green light for early vaccine|Pfizer vaccine’s logistical hurdles|Pfizer vaccine: What you need to know|Pfizer vaccine ‘90 per cent effective’ in trials|Pfizer in ‘last mile’ of creating vaccine
MODERNA, the Nasdaq-listed company developing a vaccine based on similar technology to that used by Pfizer and Biontech, said that it was on course to report early data from a late-stage trial of its experimental treatment this month.

The Times


Nah, its all above board of course?
.
Mick
  Forum: Off Topic Chat

mullokintyre
Posted on: Nov 12 2020, 12:04 PM


Group: Member
Posts: 2,949

Anyone who thinks that things are going to change susbatially under a Biden Presidency is dreaming.
The power brokers are still there, still pushing their own agendas, still screwing the non elite American public.
From Wall street omn Parade

QUOTE
After successfully warding off barbarians outside the gates of the local election offices during the count of mail-in ballots, President-elect Joe Biden now has a new army of barbarians to deal with. According to the Center for Responsive Politics, using data collected by the Federal Election Commission, the industry category called “Finance, Insurance & Real Estate” donated a stunning $201,675,240 to Biden’s campaign and PACs supporting him. Add to that the category of “Lawyers and Lobbyists,” which donated $52,378,087, and you’re looking at a cool quarter of a billion dollars.

The bulk of the $52 million that came from “Lawyers and Lobbyists” was donated by the lawyers and partners of the big law firms that represent the biggest Wall Street banks and securities firms. Big donors to Biden and the Democratic Party in the 2019/2020 cycle hail from such law firms as Kirkland & Ellis; Paul Weiss; Akin Gump; Sullivan & Cromwell; Covington & Burling; and Sidley Austin, to name just a few.

The current head of the U.S. Department of Justice, William Barr, hails from Kirkland & Ellis, as does Deputy Attorney General Jeffrey Rosen. The former head of the criminal division of the Justice Department, Brian Benczkowski, who stepped down in July, also came from Kirkland & Ellis.

Covington & Burling similarly staffed up President Barack Obama’s Justice Department with Eric Holder as Attorney General and Lanny Breuer as head of the criminal division. Covington & Burling is also the law firm that fronted for Big Tobacco’s crimes against the American people for four decades. (See our 2012 article, Was the U.S. Justice Department Sold to the Highest Bidder.)

The current Chairman of the Securities and Exchange Commission, Jay Clayton, was a former law partner at Sullivan & Cromwell. Clayton represented 8 of the 10 largest Wall Street banks in the three years prior to landing the top post at the SEC in the Trump administration.

One name noticeably missing among the big law firms whose lawyers and partners are supporting Biden and the Democratic party is the law firm, Jones Day. That’s the law firm that sent 12 of its law partners to staff up the Trump administration on the very day Donald Trump was inaugurated.


The politics may have changed, the money has not.
Mick
  Forum: Investment Discussion

mullokintyre
Posted on: Nov 12 2020, 11:58 AM


Group: Member
Posts: 2,949

Just to add a little spice to the US presidential debacle.
I note that Joe Biden has spoken to a number of international leaders about things we don't know about.
Was it not just this sort of thing that Biden suggested trump be charged with under the Logan Act??
Impeachment anyone??
Mick
  Forum: Off Topic Chat

mullokintyre
Posted on: Nov 11 2020, 11:33 AM


Group: Member
Posts: 2,949

Rms has fallen about 22% from its September highs.
Gold price has not fallen by anywhere near that much, so not sure why it continues to get punted.
Its not like the turmoil in the world has improved any.
It is still making good profits, the Penny West mine looks like a goer, so not sure why the negativity.
So, I bought some more today.
mick
  Forum: By Share Code

mullokintyre
Posted on: Nov 11 2020, 09:12 AM


Group: Member
Posts: 2,949

Well, Obviously the market wasn't as keen on those drill results as i was.
Down 4% on the open.
Tricky business this trading.
Mick
  Forum: By Share Code

mullokintyre
Posted on: Nov 11 2020, 09:03 AM


Group: Member
Posts: 2,949

And in another goos piece of news, ASM has produced some ferro rare earth permanent magnets.
QUOTE
ASM has produced 200kg of ferro-neodymium (FeNd - Nd 80.3%, Fe 19.9%), a key
constituent of strip cast permanent magnet alloys.
• ASM is working with the Korea Institute for Rare Metals (KIRAM) to produce a strip
cast permanent magnet alloy which will be formed and sintered into permanent
magnets.
• Samples of permanent magnets will be distributed to Korean industry for evaluation.


Should be a good for ASM.
Mick
  Forum: By Share Code

mullokintyre
Posted on: Nov 11 2020, 09:01 AM


Group: Member
Posts: 2,949

ARD has released some good drilling results.
May well recover yesterdays silver driven losses.
Mick
  Forum: By Share Code

mullokintyre
Posted on: Nov 10 2020, 12:01 PM


Group: Member
Posts: 2,949

Sorry, K, I just can't be more accurate than that.
I know its a bit vague, but the tea leaves are being a bit haphazard in their repose.
Mick
  Forum: Investment Discussion

mullokintyre
Posted on: Nov 10 2020, 11:06 AM


Group: Member
Posts: 2,949

It seems the law of unintended consequences works in China as well.
FromTodays OZ

QUOTE
Over three years one 26-year-old Beijing woman got married and divorced 17 times. Another, 37, married and divorced 28 times.

It was not that they were indecisive or overly picky. Their successive weddings were designed to allow them to profit from the black market trade in car licence plates.

In the Chinese capital, if you want to own and drive a car you must first buy a number plate. But there is a quota, imposed by the authorities in 2011, on new number plates to reduce traffic and air pollution.
An applicant has a 1-in-3, 120 chance of securing a number plate for the 6,366 new cars the city will allow on the roads in the next two months. Faced with the high demand, the authorities released a one-time 20,000 quota for electric or hybrid cars. Only car-less families are eligible to apply, and 460,000 have done so. Anyone who wants to get a number plate must enter a lottery, and it is illegal to trade your quota. The rules do, however, allow people to give their quota to their car-free spouse.Both of the women have been arrested in a police operation that caught 166 suspects involved in the number plate frauds. The city authorities said they were determined to crackdown on such fake marriages.

“You must demonstrate the correct views on marriage and not get married for the sake of transferring number plates because there is the risk of disputes and fraud,” the Beijing police warned.

Sounds like these Chinese Women would be candidates for Entrepeneur of the year.

Mick
  Forum: Off Topic Chat

mullokintyre
Posted on: Nov 10 2020, 11:02 AM


Group: Member
Posts: 2,949

Got it in one.
Mick
  Forum: Investment Discussion

mullokintyre
Posted on: Nov 10 2020, 10:46 AM


Group: Member
Posts: 2,949

Newcrest pulled out of the joint venture.
One can only assume they did not see the drilling results in the same light.
Not looking great for PRX.
Mick
  Forum: By Share Code

mullokintyre
Posted on: Nov 10 2020, 10:41 AM


Group: Member
Posts: 2,949

Kinda surprised that the results for IPL were not received more favourably.
EBIT up 23% YOY.
Operating cash flows up 31% YOY.
NPAT up 19%.
On a day when banks , Telstra and Invocare are all up it went down.
One can only assume that the market expected a greater increase.
Sometimes the market is just hard to please.

Mick
  Forum: By Share Code

mullokintyre
Posted on: Nov 10 2020, 10:09 AM


Group: Member
Posts: 2,949

.
QUOTE
... but when?


April 18th 2021 is when it will be starting.
Mick
  Forum: Investment Discussion

mullokintyre
Posted on: Nov 10 2020, 08:52 AM


Group: Member
Posts: 2,949

A quick look at the 10 year treasury yield shows a big tick up last night to almost 1%
Shows a sharp rise in yields to 1%.
This suggests that markets see rise in inflationary pressure, and despite what the CB's may want, may be forced to make the next interest rate moves in the positive direction.

From Zero Hedge

QUOTE
As Bloomberg's Edward Bollingbroke writes, a massive block sale in 10-year note futures pushed yields up to March levels and within a short leap of 1% again.The trade he is referring to is a "punchy block sale" from this morning, which netted almost $8 million, and "drawing a line in the sand on a 10-year yield move beyond 0.95%."

He adds that in assessing the potential for a sustained break-out above 1% for 10-year yields, traders will be looking at what today’s vaccine news means to a fiscal package and ultimately the Federal Reserve’s monetary-policy response.One response to how high the 10Y could go comes from BMO's Ian Lyngen, who writes this morning that "the combination of the vaccine news and 'clarity' on the political front has cleared the way for a meaningful selloff in Treasuries and outperformance in risk assets" a move which reflects "the progress toward a vaccine and an eventual end to the pandemic" than a Biden's victory.

And while there is little question the Presidential election will be contested for a while - the duration of this challenge is yet another uncertainty, "the risk is on" with 10-year yields reaching the highest level since March 20th and our 1-handle target close at hand.

Once the 10Y does breach 1%, there is very to stop the move until an opening gap from March at 1.112% to 1.140% according to the rates strategist who adds that "this will present meaningful support in the event 1.0% is breached in this move and we suspect will eventually slow any bearishness."

He then reminds readers that he has been warning about a bearish breakout for some time "and are willing to go with the move through 1.0% until the opening gap."
And sure enough, Eurodollar traders are starting to see more hikes getting priced into 2023/2024 again according to Bloomberg's Bollingbroke, who adds that there have also been some aggressive mid-curve put option buys - hedging more hike re-pricing in this part of the curve, to wit:

Eurodollar futures curve sharply steeper with blue-pack contracts (Dec23-Sep24) lower by up to 12.5 basis points, as rate-hike premium starts to build beyond 2023. In options, demand for downside hedges emerges across mid-curve structures which covers around this area of the strip.
Sep24 eurodollar futures lower by 12.5bp on the day, steepening 24-month spreads such as Sep22/Sep24 by 8bp on the day; price action on white-pack (Dec20-Sep21) and red-pack (Dec21-Sep22) relatively calm, with contracts unchanged to lower by 3.5bp


At some point, with all this currency debasement, something has to give.
Inflation is the next likely step, and when it does, with so much money slopping around , it will be big.
Mick
  Forum: Investment Discussion

mullokintyre
Posted on: Nov 10 2020, 07:35 AM


Group: Member
Posts: 2,949

Wowsers, Silver down 1.50, gold down 100 bucks, dow up 1300 points at one stage overnight, and the OZ dollar still climbing.
Talk about volatility.
My PMs will be crunched today, but its just as likely to reverse tomorrow.
Mags and his call about the CB's keeping the pot boiling spot on.
Great till it's not.
Mick
  Forum: Investment Discussion

mullokintyre
Posted on: Nov 9 2020, 05:48 PM


Group: Member
Posts: 2,949

Swepson among the wickets again. Another 5 for.
All the talk has been about the batsmen, but you do need to dismiss the opposition.
Swepson doing everything right.
Mick
  Forum: Off Topic Chat

mullokintyre
Posted on: Nov 9 2020, 03:42 PM


Group: Member
Posts: 2,949

According to The ABC
The parkes telescope, famous for starring in the movie "the Dish" is going to be renamed.

QUOTE
The Dish, famous for broadcasting the moon landing, will now be known as 'Murriyang', representing the 'skyworld' that it has scanned for more than 50 years.

Wiradjuri elder Stan Grant Sr says Murriyang is the home of Biyaami, the great creator
Dr Grant Sr, who as a youth was forbidden from speaking his language, says he never imagined such an honour
CSIRO's John Reynolds says the name acknowledges the Aboriginal and Torres Strait Islander people's deep understanding of astronomy

Aboriginal elder and Wiradjuri man Stan Grant senior helped to choose the Wiradjuri name for the CSIRO Parkes Radio Telescope to mark the start of NAIDOC week.

He said Murriyang was the home of the creator spirit.

"Murriyang, it's the home of Biyaami, if you like. Biyaami is the great creator and it's his home and it's in the stars.

"He went back to the stars eventually and now you see Orion's belt, that's where he lives," he said.



Naming something that is a scientific and engineering construction after a mythical religious spirit is purely a political stunt.
Imagine the outcry if it was named after one of the many christian mythical characters.
I have no problem reverting to the original names of places and geographical structures that local people already had for them
But this is woke bullshit.

Mick
  Forum: Off Topic Chat

mullokintyre
Posted on: Nov 9 2020, 01:51 PM


Group: Member
Posts: 2,949

RMS released the pre feasibility study on Penny West today.
Looks like a goer, AISC decreased, ore body increased, Cap cost also increased.
Both open pit and underground to be modelled to work out the best fit before starting.
Looks reasonably good to me.
Hopefully it will kick start its neighbour at ARN.
At least they won't need to borrow or sell more shares to get it started.
Mick
  Forum: By Share Code

mullokintyre
Posted on: Nov 9 2020, 12:07 PM


Group: Member
Posts: 2,949

Bought back in today at 12.
It owes me nothin, so may as well try for another slice.
Mick
  Forum: By Share Code

mullokintyre
Posted on: Nov 9 2020, 11:35 AM


Group: Member
Posts: 2,949

Finally someone dismissed Pucovski, but only after his second double century in succession.
Must be some pretty friendly batting strips in Sth Oz.
Mick
  Forum: Off Topic Chat

mullokintyre
Posted on: Nov 9 2020, 10:17 AM


Group: Member
Posts: 2,949

ARD up another 23% today.
Will keep holding until it beats the recent 52 week high of .071.
Its a good game really, Silver price hasn't changed a lot in AUD terms , but never argue with Mr/Mrs Market.
Mick
  Forum: By Share Code

mullokintyre
Posted on: Nov 9 2020, 08:36 AM


Group: Member
Posts: 2,949

SVL heading towards highs again as silver price ramps up.
The recent report reckons they have 6 quarters of cash left.
Not convinced on that (especially as the last quarter was about 3 times the next quarters projected expenditure).
As they Bowdens starts to really get serious, they are going to have to spend money on design work, hiring some staff etc.
It would make sense to raise cash before they need to and when the SP is near its all time high.
Betting there will be a cap raise late this year , early next year.
Still keen on Silver, but only at the prices i am happy with.
Mick
  Forum: By Share Code

mullokintyre
Posted on: Nov 6 2020, 08:35 PM


Group: Member
Posts: 2,949

And you can add South America to the list of areas a little annoyed with the tactics of China,
From SCMP

QUOTE
Chile, Colombia, Ecuador and Peru threatened measures ‘to prevent, discourage and jointly confront’ illegal fishing near their exclusive zones
Beijing in early August banned its vessels from fishing near the Galapagos from September to November this year.

Four South American countries joined forces on Wednesday in a bid to combat illegal fishing by huge Chinese fleets off their coasts.
Chile, Colombia, Ecuador and Peru threatened measures “to prevent, discourage and jointly confront” illegal fishing near their exclusive economic zones in the Pacific.
The joint statement made no specific mention of China but environmental groups Greenpeace and Oceana have repeatedly warned of the growing presence of massive Chinese fishing fleets in the area.
The South American quartet said they would boost “cooperation and real-time exchange of information” to highlight illegal fishing off their coasts.

Ecuador in July complained to China over a massive 300-trawler fishing fleet off Galapagos, saying around half of them had turned off their tracking systems so they could not be located.

A Chinese ship detained off the island of San Cristobal, Galapagos Islands, Ecuador, in August 2017 over accusations of illegal fishing. Photo: EPAA Chinese ship detained off the island of San Cristobal, Galapagos Islands, Ecuador, in August 2017 over accusations of illegal fishing. Photo: EPA
A Chinese ship detained off the island of San Cristobal, Galapagos Islands, Ecuador, in August 2017 over accusations of illegal fishing. Photo: EPA
Four South American countries joined forces on Wednesday in a bid to combat illegal fishing by huge Chinese fleets off their coasts.
Chile, Colombia, Ecuador and Peru threatened measures “to prevent, discourage and jointly confront” illegal fishing near their exclusive economic zones in the Pacific.
The joint statement made no specific mention of China but environmental groups Greenpeace and Oceana have repeatedly warned of the growing presence of massive Chinese fishing fleets in the area.
The South American quartet said they would boost “cooperation and real-time exchange of information” to highlight illegal fishing off their coasts.
Ecuador in July complained to China over a massive 300-trawler fishing fleet off Galapagos, saying around half of them had turned off their tracking systems so they could not be located.
Beijing in early August banned its vessels from fishing near the Galapagos from September to November this year.

The Chinese fleet instead headed south through international waters to fish near the exclusive economic zones of Peru and Chile, according to NGO Oceana.
Oceana has accused the Chinese of “pillaging” the waters off the Galapagos, primarily for squid, thereby depriving some species in the waters of the protected archipelago – including fur seals and hammerhead sharks – of their essential diet.


China in its insatiable appetite for anything that moves, is the biggest threat to the seas ecology we have seen in decades.
but where are the greenpeacers, the planet arks, the David ttenboroughs of this world??
Not a peek.
Mick
  Forum: Investment Discussion

mullokintyre
Posted on: Nov 6 2020, 01:15 PM


Group: Member
Posts: 2,949

Gold stocks up big time today.
RMS and SBM both up 8%, EVN 6%
Even the dogs DCN and PRX up 4%.
Question is, will it hold or get smacked down again in the US market 2 nite.
Mick
  Forum: Investment Discussion

mullokintyre
Posted on: Nov 6 2020, 11:48 AM


Group: Member
Posts: 2,949

The folk relying on a Vaccine may be let down somewhat.

from BBC NEWS

QUOTE
Denmark will cull all its mink - as many as 17 million - after a mutated form of coronavirus that can spread to humans was found on mink farms.

Prime Minister Mette Frederiksen said the mutated virus posed a "risk to the effectiveness" of a future Covid-19 vaccine.

Denmark is the world's biggest producer of mink fur and its main export markets are China and Hong Kong.

The culling began late last month, after many mink cases were detected.

Coronavirus cases have also been detected in farmed mink in the Netherlands and Spain since the pandemic began in Europe.

But cases are spreading fast in Denmark - 207 mink farms in Jutland are affected - and at least five cases of the new virus strain were found. Twelve people had become infected, the authorities said.

Prime Minister Frederiksen described the situation as "very, very serious". Danish police and army personnel will help to carry out the mass cull.

Ms Frederiksen cited a government report which said the mutated virus had been found to weaken the body's ability to form antibodies, potentially making the current vaccines under development for Covid-19 ineffective.

"We have a great responsibility towards our own population, but with the mutation that has now been found, we have an even greater responsibility for the rest of the world as well," she told a news conference.

Since the start of the pandemic Denmark has reported 52,265 human cases of Covid-19 and 733 deaths, data from Johns Hopkins University shows.
Mink, like their close relatives ferrets, are known to be susceptible to coronavirus, and like humans, they can show a range of symptoms, from no signs of illness at all, to severe problems, such as pneumonia.

Mink become infected through catching the virus from humans. But genetic detective work has shown that in a small number of cases, in the Netherlands and now Denmark, the virus seems to have passed the other way, from mink to humans.

The big public health concern is that any mutation to the coronavirus as it passes between mink and humans might be enough to stop human vaccines working, if and when they become available. Some scientists are now calling for a complete ban on mink production, saying it impedes our response and recovery from the pandemic.


It may end up a similar situation to the annual flu vaccine, whereby the vaccine has to be redeveloped every year as new strains of the flu are found.
I guess getting a one or maybe two jabs per year is ok.

Mick
  Forum: Off Topic Chat

mullokintyre
Posted on: Nov 6 2020, 11:01 AM


Group: Member
Posts: 2,949

From The Mind Unleashed

QUOTE
After months of radio silence, NASA has finally reconnected with its Voyager 2 space craft. The Voyager 2 spacecraft has been scouring the cosmos for longer than 40 years, all that time staying in contact with NASA’s team of engineers. However, in March of this year, NASA closed communication with the craft.

The space agency left the shuttle to spend a secluded few months in space without signal to upgrade its communication system. Flying some 11.5 billion miles away from Earth, Voyager 2 was left to its own equipment in mid-March.

But on October 29th right before Halloween, NASA briefly reconnected with Voyager 2 while testing its new Deep Space Network antennas (DSN), NASA reported. Voyager 2 was on an important scientific mission originally to study the outer planets, and now in its extended mission, to study deep Interstellar Space in general.

It’s also one of the furthest manmade objects from Earth. NASA notes that Voyager 2 has left the Solar System entirely. To communicate with the spacecraft, NASA relies on the Deep Space Network antennas (DSN).
The DSN is reliable. But much like the Voyager 2, it’s old, very old. To be more precise, it’s more than 70 years old. To put that into perspective, the system was first created when NASA launched its first satellite, Explorer 1, in 1958. The DSN is used to communicate with an estimated 30 spacecraft every day and it runs 24 hours a day, 365 days a year. As another fun fact, the system is spread out across three joint sites located in the United States, Australia, and Spain.

As NASA prepares for numerous new missions to the moon and mars, all launching in the next few years, the DSN is certainly overdue for a much-needed upgrade to its systems and software.

NASA also started its critical work with an antenna denominated Dss43 that is 230-feet-wide, about the size of a 20-story building, and is located in Canberra, Australia. Dss43 has been operational for 48 years and some of its components, including the conductor used to actively communicate with Voyager 2, have never been given a tune-up. NASA has now drastically improved Dss43’s heating and cooling equipment, power supply equipment, and other devices used to operate. On October 29th, NASA sent a brief call to Voyager 2 to test the new equipment to make sure it was operational.


“What makes this task unique is that we’re doing work at all levels of the antenna, from the pedestal at ground level all the way up to the feedcones at the center of the dish that extend above the rim,” Brad Arnold, the DSN project manager at NASA’s Jet Propulsion Lab in Southern California, said in a statement. “This test communication with Voyager 2 definitely tells us that things are on track with the work we’re doing.”

In the test, NASA’s mission control operators on the ground transmitted a series of commands to Voyager 2, and the spacecraft executed the commands, confirming the test was a success.

NASA is going to cut off its communications to Voyager 2 again until later next year. Dss43 will not be fully back online until February 202, so Voyager 2 will have to endure several more months without communication to ground control, which is worrying for engineers.

“Having the antenna down for one year is not an ideal situation for Voyager or for many other NASA missions,” Philip Baldwin, operations manager for NASA’s Space Communications and Navigation (SCaN) Program, said in a statement. “The agency made the decision to conduct these upgrades to ensure that the antenna can continue to be used for current and future missions. For an antenna that is almost 50 years old, it’s better to be proactive than reactive with critical maintenance.”

Not bad for a bit of old technology.
Wonder just how long it can keep sending stuff back??
This was from the days when NASA did science rather than social engineering.

Mick
  Forum: Off Topic Chat

mullokintyre
Posted on: Nov 6 2020, 10:53 AM


Group: Member
Posts: 2,949

ARD having another run with the PM's price increases overnight.
Up 25% today. Sold half and sit back and wait.
Mick
  Forum: By Share Code

mullokintyre
Posted on: Nov 6 2020, 10:07 AM


Group: Member
Posts: 2,949

I was looking at some of the stocks I hold.
WES, PE of 24, forecast for next year is about the same.
WOW, PE of 30. next year about the same.
CSR. PE of 18, next year about the same, and approaching 52 week high.
IPL. PE of 19, forward PE of 15. still some chance of gains with this one though. the fertiliser side of things improving, and the explosives division is going bang with the increase in exploration/mining.
GNC, hasn;t had a profit, so no PE, but forward PE is 55, and although the current harvest looks excellent, the trade war with China may have a serious affect on the sp in the near term.
CSL on a PE of 45, and the forward pe is 44. Most of the real money is made in USA,and with the chaos in the US about to get worst, I am jittery about it.
IVC on a more respectable PE of 13, but forward PE is at 29. Not exactly saying buy buy buy!
So all bar a few CSL, half the IVC and the IPL have gone.
Sitting on a pile of cash that I hope to reinvest when the next big correction happens.
Mick
  Forum: Investment Discussion

mullokintyre
Posted on: Nov 5 2020, 01:18 PM


Group: Member
Posts: 2,949

And as to be expected, the big four banks are refusing to lower their interest rates to match the lowering by the RBA.

Useless RBA now scratching their collective heads and saying, geez, what can we do now??

Mick
  Forum: Investment Discussion

mullokintyre
Posted on: Nov 5 2020, 11:12 AM


Group: Member
Posts: 2,949

From Todays OZ,
Chinese state media has confirmed a sweeping halt on exports from Australia worth more than 6billion a year from Friday , just days after Beijing dismissed the discriminatory ban as "rumour".
Any pretence about the actions of the CCP abiding by any rules other than ones they make up themselves is now completely gone.
We are going to have to deal with shit like this until we kowtow to the CCP.
Not a good time to be an exporter.
Bring out the appeasers,
Mick
  Forum: Investment Discussion

mullokintyre
Posted on: Nov 3 2020, 03:07 PM


Group: Member
Posts: 2,949

So the RBA cuts interest rates again to almost zero.
Good for the sharemarke, bad for interest income for retirees, marginal for home owners with a mortgage, and great for those just entering
Now for the bad news.
The housing bubble will expand a bit more.
The concept of having savings for a rainy day has just been obliterated.
Debt will just keep piling up, but who cares?
This is the new normal, but for how long??
Mick
  Forum: Investment Discussion

mullokintyre
Posted on: Nov 2 2020, 07:18 AM


Group: Member
Posts: 2,949

SA only made 200 in their first innings, lost two very quickly in second innings, but thanks to Travis heads second century in two matches are 2 for 170 odd.

Says more about the SA batting and bowling than anything else.

Lots of big scores this round, and a few failures.

Mitchell Swepson. the forgotten legspinner picked up a few as well.

Hope he keeps persisting.
Liam Pope the other legspinner who burst onto the scene against the Poms U19 team, has struggled for consistency.
Takes wickets, but is very expensive.

Mick
  Forum: Off Topic Chat

mullokintyre
Posted on: Oct 30 2020, 11:14 AM


Group: Member
Posts: 2,949

Heres a new twist on the "big Bang".
FromUniversity of Hawaii
QUOTE
University of Hawaiʻi Institute for Astronomy (IfA) astronomer has revealed critical new findings linked to a large asteroid expected to pass extremely close to Earth. Dave Tholen and collaborators have announced the detection of Yarkovsky acceleration on the near-Earth asteroid Apophis. This acceleration arises from an extremely weak force on an object due to non-uniform thermal radiation. This force is particularly important for the asteroid Apophis, as it affects the probability of an Earth impact in 2068.

All asteroids need to reradiate as heat the energy they absorb from sunlight in order to maintain thermal equilibrium, a process that slightly changes the orbit of the asteroid. Prior to the detection of Yarkovsky acceleration on Apophis, astronomers had concluded that a potential impact with Earth in 2068 was impossible. The detection of this effect acting on Apophis means that the 2068 impact scenario is still a possibility.

Apophis is noteworthy because of its extremely close approach to the Earth on Friday, April 13, 2029, when the 300 meter-sized asteroid will become visible to the unaided eye as it passes within the belt of communications satellites orbiting the Earth.

“We have known for some time that an impact with Earth is not possible during the 2029 close approach,” said Tholen, who has been accurately tracking the motion of Apophis in the sky since his team discovered it in 2004. “The new observations we obtained with the Subaru telescope earlier this year were good enough to reveal the Yarkovsky acceleration of Apophis, and they show that the asteroid is drifting away from a purely gravitational orbit by about 170 meters per year, which is enough to keep the 2068 impact scenario in play.”


Doubt if I will be around in '68 to observe the big bang though.
Mick
  Forum: Off Topic Chat

mullokintyre
Posted on: Oct 29 2020, 04:22 PM


Group: Member
Posts: 2,949

Well, there's a first for me.
ARN is up over 100% today (107% to be exact).
Never had a stock double in a day before.
79 mill shares traded, bit of a jump from the last few weeks when there days when less than 10k traded.
Markey obviously likes the announcement fromt he co, but it seems a little optimistic given that its only very early days in the exploration.
Still, I'll take it.
Mick
  Forum: By Share Code

mullokintyre
Posted on: Oct 27 2020, 10:20 AM


Group: Member
Posts: 2,949

H:X up 10% today on a generally down day.
The announcement that seems to have triggered it was the fact that they have started an RC drilling program.
No results mind you, so just seems a bit odd.
I suspect that there is someone who wants this stock up.
(No its not me).
Mick
  Forum: By Share Code

mullokintyre
Posted on: Oct 26 2020, 03:06 PM


Group: Member
Posts: 2,949

Yeah, there are alot of loony people on Video.
Why do they film themselves being Morons??perhaps a little deranged??

Mick
  Forum: Off Topic Chat

mullokintyre
Posted on: Oct 26 2020, 11:46 AM


Group: Member
Posts: 2,949

Punters are in it for the money, not the politics.
Mick
  Forum: Off Topic Chat

mullokintyre
Posted on: Oct 26 2020, 11:44 AM


Group: Member
Posts: 2,949

From WOP

QUOTE
If you needed further proof that crime pays on Wall Street, look at the chart above. Goldman Sachs and its Malaysian subsidiary were criminally charged yesterday by the Justice Department, they admit to the charges, and its stock closed up on the day by $2.49.

The U.S. Department of Justice is being played like a fiddle at a tractor meet. Those big white shoe law firms that handle increasingly dirty cases against the mega banks on Wall Street have twice, in a period of just three weeks, managed to get the Justice Department to announce settlements of landmark criminal cases against two of the largest banks on Wall Street on the day of presidential debates when the public and the media are not paying attention to Wall Street.

On September 29, the day of the first presidential debate between President Donald Trump and former Vice President Joe Biden, the Justice Department brought two criminal counts against JPMorgan Chase for “tens of thousands of instances of unlawful trading in gold, silver, platinum, and palladium…as well as thousands of instances of unlawful trading in U.S. Treasury futures contracts and in U.S. Treasury notes and bonds….” That was the date of the first presidential debate.


Nothing to see here folks, move right along, just procedural matters.
I bet the Chinese, Russians and Iranians wish they could have just one of these criminal mega banks in their system, while the US has 5 or 6.
Mick
  Forum: Investment Discussion

mullokintyre
Posted on: Oct 26 2020, 11:33 AM


Group: Member
Posts: 2,949

Buy gold and silver ingots EB.
Mick
  Forum: By Share Code

mullokintyre
Posted on: Oct 26 2020, 09:31 AM


Group: Member
Posts: 2,949

No Posts on CSR in almost 8 years.
Guess its not fashionable.
Up a fair bit today, to go along with recent increases.
Now within spittin distance of a 52 week high.
Not a bad dividend at 14 cents, and going ex div in two weeks.
I bought theses and some Boral back in June when building stimuli in Vic were announced.
Happy with both of them.
Mick
  Forum: By Share Code

mullokintyre
Posted on: Oct 26 2020, 08:23 AM


Group: Member
Posts: 2,949

My well be true, but that does not stop a lot of Americans voting for him.

And with all due respect to the people on here, they are the only ones that matter.

I think that Daniel Andrews is a lying, incompetent, socialist fool, but lots of Victorians it seems don't agree with me and still think he is doing/has done a great job.
Its the way democracy works.

Mick
  Forum: Off Topic Chat

mullokintyre
Posted on: Oct 26 2020, 07:17 AM


Group: Member
Posts: 2,949

Still waiting for the feministas to rail about this one. Women taken off flight and undergo forced invasive examination

The Australian Government has registered "serious concerns" with Qatar after women on board a flight from Doha to Sydney were subjected to an invasive internal examination.

QUOTE
Key points:

Staff at Hamad International Airport reportedly found a premature baby in a terminal bathroom
The baby is safe and receiving medical care
It is alleged they detained and forced women on a Sydney-bound flight to undergo an invasive examination on the tarmac
Seven News has reported that a premature baby was found in a terminal bathroom at the Hamad International Airport in Doha earlier this month.

A statement from Hamad Airport confirmed the baby is safe and is receiving medical care.

"At this time, the newborn infant remains unidentified, but is safe under the professional care of medical and social workers," the statement read.

"Medical professionals expressed concern to officials about the health and welfare of a mother who had just given birth and requested she be located prior to departing [the airport]."

The mother of the baby has not been located.

Mick
  Forum: Off Topic Chat

mullokintyre
Posted on: Oct 24 2020, 07:16 AM


Group: Member
Posts: 2,949

I know there are lots of never trumpers on this site, but like the supporters of Trump, don’t count unless they happen to be someone who is American and can be bothered to vote .
I am agnostic towards him. He is bellicose, rude, a liar, and prone to hyperbole.
But then he has done most of the things he promised his supporters he would do. He has also been one of the few Presidents of recent years to have not invaded another country. He is also pulling American forces out of quite a few.
The fact that virtually all of the MSM, entertainment and arts celebrities, the big Social media orgs and tech cos are anti trump or pro Biden should give Trump absolutely zero chance of winning.
But I am sticking my neck out and say he will anyway.
Mick
  Forum: Off Topic Chat

mullokintyre
Posted on: Oct 23 2020, 06:51 PM


Group: Member
Posts: 2,949

An interesting article from the Washington Post on the strange incidences of asymptomatic virus victims.
QUOTE
When researcher Monica Gandhi began digging deeper into outbreaks of the novel coronavirus, she was struck by the extraordinarily high number of infected people who had no symptoms.
A Boston homeless shelter had 147 infected residents, but 88 percent had no symptoms even though they shared their living space. A Tyson Foods poultry plant in Springdale, Ark., had 481 infections, and 95 percent were asymptomatic. Prisons in Arkansas, North Carolina, Ohio and Virginia counted 3,277 infected people, but 96 percent were asymptomatic.
During its seven-month global rampage, the coronavirus has claimed more than 700,000 lives. But Gandhi began to think the bigger mystery might be why it has left so many more practically unscathed.
What was it about these asymptomatic people, who lived or worked so closely to others who fell severely ill, she wondered, that protected them? Did the “dose” of their viral exposure make a difference? Was it genetics? Or might some people already have partial resistance to the virus, contrary to our initial understanding?



it is far too long for me to postAll of it here, but anyone interested can see it all Wp
Mick
  Forum: Off Topic Chat

mullokintyre
Posted on: Oct 23 2020, 08:16 AM


Group: Member
Posts: 2,949

Very subtle Triage, will go thru to the keeper for many.
Mick
  Forum: Macro Factors

mullokintyre
Posted on: Oct 22 2020, 07:35 PM


Group: Member
Posts: 2,949

James Randi, famous for debunking Uri Gellers spoon bending tricks, has died at the age of 92.
NY Times
One of the great skeptics of our time.
Mick
  Forum: Macro Factors

mullokintyre
Posted on: Oct 22 2020, 06:51 AM


Group: Member
Posts: 2,949

Must be,
Paine got an unbeaten century.
Though SA were dismissed for under 200 on first day.
After that, it must have become a little easier to bat on.
Mick
  Forum: Off Topic Chat

mullokintyre
Posted on: Oct 22 2020, 06:41 AM


Group: Member
Posts: 2,949

Arnie Schwaznegger , Sylvester Stallone and Daniel Craig were sitting around having a few beers and discussing how they were sick of being type cast as violent he men saving the world all the time.
Arnie says, “Ya, I alvays vanted to play a more challenging role that shows my softer arty side.
Daniel Craig says, “Why don’t we star in movies about musicians?? i would play Edward Elgar, Britains finest composer.”
Sly says, “Yeah, I would play the great Italian Composer, Pucini, maybe even sing a few operettas”.
Arnie just says, “ I’ll be Bach”.

Mick
  Forum: Off Topic Chat

mullokintyre
Posted on: Oct 19 2020, 09:32 AM


Group: Member
Posts: 2,949

And just like last week, can't use NABTRADE again.
server issue they say.
Anyone contemplating using NABTRADE, steer clear of em.
mick
  Forum: Investment Discussion

mullokintyre
Posted on: Oct 16 2020, 09:37 AM


Group: Member
Posts: 2,949

Is this not MAQ now, or I am I going even more senile?
Mick
  Forum: By Share Code

mullokintyre
Posted on: Oct 15 2020, 10:49 AM


Group: Member
Posts: 2,949

QUOTE
If Scotty from Marketing were an investor/trader, he would be saying "how good is ASM".

And today it hit 4 bucks, up another 12%, after the announcement it has produced an 8kg sample of Zirconium from its trial plant.
It seems that the punters just can't get enough of this stock!
The only unfortunate part is the following
QUOTE
“ I am returning to Korea to continue investment discussions, oversee the design and construction of
a 250 kg per day continuous metal plant in Korea, and to continue advancing discussions for a
potential partner in the metal business.” Mr Woodall said.

Would have been nice to have built that factory here in OZ.
Mick
  Forum: By Share Code

mullokintyre
Posted on: Oct 15 2020, 10:42 AM


Group: Member
Posts: 2,949

Yo EB, maybe the punters are wating for the Milimetre wave %G technology.
It is available on the newly released Apple Iphone 12 in the USA, but the telcos here in OZ are waiting on the MM wave spectrum auctions due some time next year.
ZDNET 5G Auction
Not sure why we have to wait till then, I guess it highlights the inability of govt burecrats to multitask.
Min, I am not sure if the 12 will be such a big hit.
It does however, have a new exciting ceramic coated glass screen, which apple says will greatly reduce the number of cracked screens.
Yea, sure.
The new Iphone 12 is almost identical to the Iphone 5, but now comes without a charger or earphones, and the base model will set you back 1200.
The Iphone 12 Max pro will set you back almost $1,900.
I guess the FOMO milllenials will snap em up.
Like you, I am in telstra for the long haul.
I bet the vast majority of OZ folks have no idea just how revolutionary 5GMW might be.
The only thing that will screw it is the vested interests protecting their patch.
Mick
  Forum: By Share Code

mullokintyre
Posted on: Oct 13 2020, 10:24 AM


Group: Member
Posts: 2,949

If Scotty from Marketing were an investor/trader, he would be saying "how good is ASM".
Just keeps hitting new highs.
3.20 now is the new high. Up 12% again today,.
Looks like a lot of folks want a chunk.
Question is, when does it hit 'the wall" and take a rest.
Mick
  Forum: By Share Code

mullokintyre
Posted on: Oct 13 2020, 09:11 AM


Group: Member
Posts: 2,949

Quite a few bids in on the buy side above the last closing price.
If its a cap raising, seems a little unusual.
Mick
  Forum: By Share Code

mullokintyre
Posted on: Oct 12 2020, 02:20 PM


Group: Member
Posts: 2,949

The Krak in trading halt after last weeks announcement?
Cap raise anyone?
Mick
  Forum: By Share Code

mullokintyre
Posted on: Oct 12 2020, 02:06 PM


Group: Member
Posts: 2,949

At least Gladys was only Fu#@&$jng one bloke.
Dan has done it to the whole state.
Mick
  Forum: Off Topic Chat

mullokintyre
Posted on: Oct 12 2020, 01:31 PM


Group: Member
Posts: 2,949

Reckon we will lose two premiers by the end of the week.
Mick
  Forum: Off Topic Chat

mullokintyre
Posted on: Oct 12 2020, 10:03 AM


Group: Member
Posts: 2,949

According to todays OZ, Telstra 5G coverage has hit 40% of National coverage.
They reckon it will cover 75% of the population by June next year.
Should be interesting if as, expected, Pple introduce their 5G phone this week.
TLs have departed from their usual policy of waiting for the devices to come out before rolling out their network.
I guess they hope to capitalise on the younger generations thirst for speed and ease of use.
Mick
  Forum: By Share Code

mullokintyre
Posted on: Oct 12 2020, 09:14 AM


Group: Member
Posts: 2,949

Silver up 1.24 on Friday night.
Is the next run up underway??
Kinda hope not, as I am yet to load up fully on SVL and ARD.
Mick
  Forum: Macro Factors

mullokintyre
Posted on: Oct 12 2020, 09:10 AM


Group: Member
Posts: 2,949

First Quarters results ahead of forecast, so things looking rosy.
Generating some serious cash flow here.
Mick
  Forum: By Share Code

mullokintyre
Posted on: Oct 11 2020, 08:19 PM


Group: Member
Posts: 2,949

A mate of mine sent me the following,


QUOTE
The correct way to see the betting markets is as follows….

Bookmaking works on the notion that the bookie can take total bets in such a way that the potential liability on either competitor is less than the total which is bet, thus ensuring a profit on either result. Example: Competitor A is at $1.45 and competitor B at $2.90. If $2 million is on A and $1 million on B then a win for a will see $2.9 million paid out and a win for B will also see $2.9 million paid out. As there has been a total of $3 million bet then the bookie keeps $100,000 profit in either case

In reality it’s difficult to balance it this exactly and usually the punters rush the favourite in such a manner that, in the above example you may get $2.2 million on A and only $800,000 on B. which means that a win for A will see the bookie pay out $3.19 million (a loss of $190,000) and paying out only$2.32 million on B ( a profit of $680,000). such a large disparity is not usual, but in general the bookie wins more on outsider upsets….The famous catch-cry from racing commentators when an outsider comes steaming home in the straight is “and now the bookies are cheering”! = they will win bigly.

Ok, so in the current election Betfair has taken $213 Million thus far. Joe is $1.50 and Donald is $3. there is $85 million on Joe and $113 million on Donald. this is flat out “wrong”. How can the hot fav have so much less money on it than the longshot? The payout for a Joe victory is very little, while the liability on Donald is huge. Wrong, wrong, wrong. “Why is it so?”, asked the Professor of Puntology!

Hmmm. the answer is that Betfair pits punters against punters. There is no bookie directing the odds. Dumb-ass democratic punters are being taken to the cleaners by the Donsld crew.

At big bookies the stupid punters are known as the “squares” and the smarties as the “sharps”. The bookies are also “sharp” and they will limit any punter whom they recognize as being sharp too. However at a betting exchange the sharps are not limited, and have free reign to be just like bookies and are able to cream the squares at their leisure. And here’s where we are at: leftists and dopes are flocking to get a thrashing. you could call the local zoo and ask them about lemmings and lemming behaviour if you feel like it.

Finally, a few extras. A) At Betfair the also-rans have prices and some money on them from when the primaries etc all began. Betfair will be keeping all that dough unless Donald or Joe drop out before election day. That’s about $15 million; nearly all on Dems. B) This is a race with no form, (except that Donald won easily last time, of course) so the only guide is the polls. That they are manipulated to try to dispirit Donald voters is obvious, but a pleasant side benefit is that Democrat punters believe them and are now the classic Turkeys lining up for thanksgiving. C) When someone puts $1 on Joe at $1.50 this means a Trump supporter is putting up the 50 cents theycould win. When someone puts $1 on Donald a Joe-supporter is offering the $2 that that bettor will win. Thus…on average the Donald lovers are in the hole for around $45 million should Joe come home first, and the Joe supporters are owing about $200 million to Donald backers. The Democratic faithful are nuts!


Mick
  Forum: Off Topic Chat

mullokintyre
Posted on: Oct 9 2020, 04:59 PM


Group: Member
Posts: 2,949

From Wall street on parade
QUOTE
Under the richly compensated leadership of Chairman and CEO Jamie Dimon, JPMorgan Chase, the largest bank in the United States, has admitted to an unprecedented five criminal felony counts since 2014 and put on criminal probation three times. Dimon notched two of those felony counts in his belt today. (That’s five felonies more than the bank pleaded guilty to in its prior 100 years of existence. Translation: this is not normal even on Wall Street.)

The bank has agreed today to pay criminal fines and admit to two felony counts of wire fraud for manipulating (spoofing) trading in the precious metals and U.S. Treasury markets. Why the Justice Department is bringing only two counts when its own charging document indicates that traders engaged in “tens of thousands of instances of unlawful trading in gold, silver, platinum, and palladium…as well as thousands of instances of unlawful trading in U.S. Treasury futures contracts and in U.S. Treasury notes and bonds…” is one more sign that this Justice Department is egregiously failing the American people and making a mockery of the word “justice.”

This Justice Department is not only defining deviancy down; it’s defining outrage down. Where is the U.S. Attorney’s voice announcing his resignation over this sellout of a deal?

The routine of charging the largest bank in the United States with felonies and placing it on a three-year probation is now so yawn-worthy at the U.S. Department of Justice that the prosecutors didn’t even bother to hold the usual press conference today to announce the charges and settlement. The Justice Department simply issued a press release and a Deferred Prosecution Agreement which both sides had already signed.

Sweeping the whole mess up and tying it with a tidy bow meant that the Securities and Exchange Commission and Commodity Futures Trading Commission also had to agree to the settlement, which they obligingly did.

Representing JPMorgan Chase as outside counsel were lawyers from Kirkland & Ellis (the law firm with which Attorney General William Barr was associated before coming to the Justice Department) and lawyers from Sullivan & Cromwell, where SEC Chairman Jay Clayton was a partner before taking the lead at the SEC. (See SEC Nominee Has Represented 8 of the 10 Largest Wall Street Banks in Past Three Years.)

The deal is so sweet for criminal recidivist JPMorgan Chase that it notes that “an independent compliance monitor was unnecessary” despite also revealing that the bank “did not voluntarily and timely disclose to the Fraud Section and the Office the conduct described in the Statement of Facts.” It was required to do that under its prior probation agreement that ended in January of this year.

Monetary fines were also imposed, consisting of the following: a criminal monetary penalty of $436,431,811; a criminal disgorgement amount of $172,034,790; and a victim compensation payment of $311,737,008. That brings to more than $37 billion the total that JPMorgan Chase has paid to settle allegations of fraud and ripping off Americans since the financial crash of 2008.

In a properly functioning Justice Department and bank regulatory system that genuinely wants to ensure the safety and soundness of America’s deposit-taking banks, Dimon would have been forced out when the bank admitted guilt to the first two felony counts in 2014 for its dubious role in handling the business bank account of Ponzi-schemer Bernie Madoff. If not then, perhaps the following year when it pleaded guilty to its role in a bank cartel (actually called “The Cartel”) that rigged the foreign currency market. In the Forex matter, the bank admitted guilt to one felony count and received a deferred prosecution agreement along with other banks involved in the matter.

In the rigging of the foreign currency market case, the Justice Department announced that agreement on May 20, 2015 but the U.S. District Court did not approve the agreement until January 2017. Thus, the clock did not start ticking on the three-year probation period until then. That meant that JPMorgan’s probation period began in January 2017 and ended in January of this year.

To be charged with two more felony counts in the same year your three-year probation ends is the strongest proof that Wall Street has become a fraud monetization system where deferred prosecution agreements and fines are simply the cost of doing business on Wall Street.

The Justice Department brought racketeering charges against three of the precious metals traders at JPMorgan in September of last year. It was the first-time veterans on Wall Street could ever remember a major U.S. bank having its traders charged with racketeering. The Board of Directors of JPMorgan Chase must have taken that as some kind of great branding for the bank: the Board gave Dimon a 1.6 percent raise for the year to a total compensation of $31.5 million.

Forget about the criminals in the White House and other fed govt agencies. The US commercial banks are the real crims.
Mick
  Forum: Investment Discussion

mullokintyre
Posted on: Oct 9 2020, 03:31 PM


Group: Member
Posts: 2,949

This afternoon, NABTRADE were foolish enough to ask me If I would like to participate in a survey.
They may regret that when they get the results.
Mick
  Forum: Investment Discussion

mullokintyre
Posted on: Oct 9 2020, 12:35 PM


Group: Member
Posts: 2,949

Only have to mention Rare Earths these days and its a winner.
KTA up nearly 40% on todays announcement about REMS.
Happy Days.
Mick
  Forum: By Share Code

mullokintyre
Posted on: Oct 8 2020, 09:17 AM


Group: Member
Posts: 2,949

SVL showing a little more buyer interest.
Have had some low ball buys in at 0.14, but despite the substantial falls in Silver, it has not come down to those levels.
Will not chase it up, at some point in time they are going to have to go to the market if they want to develop bowdens,
I plan to have another go once that is under way.
Mick
  Forum: By Share Code

mullokintyre
Posted on: Oct 8 2020, 09:09 AM


Group: Member
Posts: 2,949

Latest drill results not that encouraging.
Despite its proximity to the existing Cobar mines by ALK, it seems the lode has not stretched to their ground.
A dud one would assume.
Mick
  Forum: By Share Code

mullokintyre
Posted on: Oct 7 2020, 03:11 PM


Group: Member
Posts: 2,949

OZ womens ODI team about to equal the record of most consecutive ODI games, currently held by Ricky Pontings team.
To lose from this position having set NZ the mamoth task of scoring326 to win, which will be the highest chase ever by a long way and with NZ already 5 down in first 20 overs, it would be a stunning upset if they were to lose from here.
Well done ladies, and not a whinge amongst the lot of them.
Mick
  Forum: Off Topic Chat

mullokintyre
Posted on: Oct 5 2020, 10:12 AM


Group: Member
Posts: 2,949

And NABTRADE bsuted again.Just like last week Can log on, but can't access any details.
Their helpline is "experiencing higher than usual enquiries". enquiries, ya mean complaints
What is everybody;s best online broker?
Don't want to go back to a full service broker.
Mick
  Forum: Investment Discussion

mullokintyre
Posted on: Oct 4 2020, 09:06 PM


Group: Member
Posts: 2,949

Having spent nearly two years in Tanzania, I would be very hesitant about putting my money there.
My bet that the Chinese will come in and gazump them.
Corruption, cronyism and now a loony dictatorial president.
A cupla mill in bribes, no problems.
Mick
  Forum: By Share Code

mullokintyre
Posted on: Oct 1 2020, 02:08 PM


Group: Member
Posts: 2,949

Rex has taken leases on 4 ex virgin jets for their proposed route between Melb and Canberra.
Due to commence March 2021..
Hopfelly most travel restrictions eased by then.
Has option to lease another 8.
Could be start of replacing their aging Saab 340 propjets.
Mick
  Forum: By Share Code

mullokintyre
Posted on: Oct 1 2020, 12:02 PM


Group: Member
Posts: 2,949

Good solid quarterly report out.
Achieved production greater than guidance.
Gold in AUD still holding above 2600.
Got a fairly big warchest of cash and gold in hand.
Almost zero debt.
Would have to be looking at some takeover targets to establish some lomg term production.
Didnt get to my 2.75 target, so still holding.
Mick
  Forum: By Share Code

mullokintyre
Posted on: Sep 25 2020, 04:40 PM


Group: Member
Posts: 2,949

I don't know if people outside of Victoria have been following the Judicial Enquiry into the balls up that was the Hotel Quarantine that wasn't a quarantine, but I have had more than a passing interest.
We have had about four heads of departments and few underlings, three ministers, and now the Premier giving evidence.
And not one of them has been able to say who it was that gave the order to employ private security firms to contain the quarantined victims in the hotels.
It is the shoddy security that started this second wave, but nobody has owned up.
Its hard not to get the impression that the entire Victorian public service along with the ministers have been doing Sergeant Schultz impressions.
Now that all the duckshoving has taken place, and they have denied everything , I can only assume that the venerable judge will now call up the various security firms and ask who contacted them and who signed the invoices.
Then get that person on the stand and keep asking the question, who told you to do it.
Keep going up the chain until they find the person (or maybe an AI employee) who will admit to it, or until there is nobody higher up the chain.
Mick
  Forum: Off Topic Chat

mullokintyre
Posted on: Sep 25 2020, 12:11 PM


Group: Member
Posts: 2,949

Certainly interesting viewing.
As an example of the difference between causation and correlation, it is instructive to note the correlation of the suns 22 year cycle with Howes cycles.
Mick
  Forum: Off Topic Chat

mullokintyre
Posted on: Sep 25 2020, 06:41 AM


Group: Member
Posts: 2,949

So the correction was short lived.
Silver up, gold up, AUD own, DOW slightly up.
Don't think this is the end of it, expect further selling next week.
But then I could be completely wrong - again.
Mick
  Forum: Investment Discussion

mullokintyre
Posted on: Sep 24 2020, 10:14 PM


Group: Member
Posts: 2,949

Just heard that former Oz cricketer, Dean Jones died in Mumbai tonight.
best remembered for batting over 8 hours to make a double century in Madras to saver a test.
RIP deano.
  Forum: Off Topic Chat

mullokintyre
Posted on: Sep 24 2020, 12:35 PM


Group: Member
Posts: 2,949

Former ABC Journalist, Emma Alberici has announced a new gig with an Insurance Company.

From AFR


QUOTE
Almost a month since completing her departure from the ABC, ex-chief economics correspondent Emma Alberici has a new job. At multinational insurance comparison business Compare The Market, where she'll head up strategy and communications.



Unless I am mistaken, this org runs those clever ads with animated CG meerkats saying it is not "compare the meerkats". They even have their own website.

The business is owned by Budget UK.
Given Alberici's past difficulties with the comprehension of distinctions between profit and revenue, i wonder if she will do a number on the parent company and how little tax it pays in OZ??

Mick
  Forum: Off Topic Chat

mullokintyre
Posted on: Sep 24 2020, 11:16 AM


Group: Member
Posts: 2,949

Jim Rickards, in his Daily reckoning newsletter reckons there may be some election wilddcards coming up.
here are some he suggested.
QUOTE
Investors need to be on guard against one or more surprises that can come without warning. I call these the “wildcards” in the election season. It’s hard to know which one might emerge, but it’s not hard to forecast that at least one of them will. Investors should prepare accordingly. Here they are:

The Replacement of Joe Biden
The first wildcard is the potential that Joe Biden will be removed from the ticket soon and replaced by a more acceptable candidate, possibly New York Governor Andrew Cuomo. This is not as far-fetched as it sounds.

Biden is suffering acute cognitive decline. Whether this is dementia, early-onset Alzheimer’s Disease or the result of Biden’s two aneurysm-related neurosurgeries in the 1970s is hard to say without direct medical examination. Still, the cognitive impairment is obvious based on Biden’s vacant stare, confused demeanor and his inability to form sentences, complete thoughts or stay on topic.

The Biden campaign strategy so far has been to keep Biden under wraps and stuck in his basement. He does not do press conferences and his few interviews involve soft-ball questions and pre-scripted answers. Policies aside, the thought of Biden having to react in the midst of a crisis or a war will embolden America’s enemies and should chill Americans to the bone.

The crunch will come on September 29. That’s the date of the first presidential debate. Trump is an underrated debater with more command of the facts than critics give him credit for. He did well against Clinton in 2016 and will do the same if he faces Biden.

The real problem is not whether Biden can win a debate; it’s whether he can stand on the stage and speak and act coherently. Even with rehearsal and medication, this will prove exceedingly difficult.

The Democrats’ options are to replace Biden before the debate (which can be done at the DNC level without new primaries or a new convention), cancel the debates or go ahead and hope for the best.

The candidate replacement option doesn’t just solve the debate problem, it also gives the Democrats a better chance of a win in November. Canceling the debates (no doubt by playing the COVID-card) is a solution but it carries its own costs and highlights the problem (cognitive decline) it was meant to solve. Letting Biden go onstage live with Trump may be the riskiest choice of all.

There are no good solutions to having a mentally impaired candidate. In a normal election against a conventional Republican incumbent, Biden wouldn’t stand a chance. Of course, Trump’s not a conventional Republican incumbent, so a Biden vote is really an anti-Trump vote.

Any of the above choices set the race up for an unexpected shock, especially since Biden’s condition has been largely covered-up by a compliant media. Investors should brace for a shock on this front in the coming weeks.

Mail-in Ballots
Another shock-in-the-making is election day chaos resulting from the surge in mail-in ballots. These are not traditional absentee ballots that have long been used and have proved useful. This involves tens of millions of mail-in ballots intended to replace polling places and voting booths.

We can leave aside the issue of fraud in mail-in ballots (that’s a big issue but will likely not arise on election day itself; it can take weeks or months to identify and investigate such cases). The immediate problem is counting the ballots. Many mail-in ballots arrive at the last minute or even after election day. There will be issues concerning postmarks, matching signatures, timely delivery and the sheer time it takes to open the mail and visually inspect each ballot.

This mail-in ballot chaos won’t matter in states such as California or New York where Trump has almost no chance to win. The mail-in ballots will affect the final vote count, but they won’t affect the election winner because those states are solidly in the Biden column.

But, it could be crucial in swing states such as Michigan where Trump won in 2016 by 10,700 votes, and where millions of mail-in ballots are expected to be cast. What this means is that the election will not be decided on election day; it may take days or weeks to count the ballots and announce the winner in key states that will determine the electoral outcome.

Both sides are gearing up for this. The Trump and Biden campaigns have hired over 600 lawyers each to fan out across fifty states on election day demanding court orders on extended voting hours, impoundment of mail-in ballots and mandatory injunctions against certifying results.

Neither side will concede the election until these legal contests are resolved. A similar stalemate ensued in the 2000 election between George W. Bush and Al Gore. But, that was confined to a few counties in a single state, Florida. This stalemate will involve perhaps seven to ten states, all crucial to the outcome.

Two-time presidential loser Hillary Clinton added fuel to this fire by telling Showtime: “Joe Biden should not concede under any circumstances because I think this is going to drag out.”

This reveals the Democrats are already preparing for election day chaos.

The recent hoax about supposed efforts by the U.S. Postal Service to remove mailboxes to frustrate mail-in ballots is laying the predicate for election day charges of malfeasance. The reality is that mailboxes are routinely relocated for normal logistical reasons and the vast majority of mailbox relocations were done during the Obama administration.

The Chaos After Election Day Is Coming
Is there anything on the horizon worse than chaos on election day? Yes. It’s the prospect of chaos on the day after.

The one certain forecast is that the next two months will be a wild ride.

The Black Lives Matter and Antifa factions are preparing for a possible Trump victory. For them, it will be a vindication of their view that American democracy is inherently flawed, and the only solution is to destroy the system and start over.

The destruction will begin within 24 hours of a Trump victory in cities all over America. The riots and looting in Portland, Seattle, New York, Chicago and other major cities are just a warm-up for what will happen in the aftermath of a Trump victory.

The bottom line for investors is that the next 70 days will be among the most volatile in U.S. political history. An uncertain election outcome with extreme differences between the candidates would be enough to cause market volatility.

When one factors in a possible candidate switch, Biden’s cognitive decline, a delayed result due to mail-in ballots, refusal to concede the outcome, coast-to-coast election litigation and widespread riots, investors are facing a minefield of hidden dangers and catastrophic outcomes.

Reductions in equity allocations will reduce investor exposure to this litany of unexpected and shocking outcomes.

Cash will preserve wealth and reduce portfolio volatility. Gold will also provide a built-in hedge to adverse outcomes.

The last line is the most critical for me.
The rest is just just navel gazing.
Mick
  Forum: Off Topic Chat

mullokintyre
Posted on: Sep 24 2020, 10:57 AM


Group: Member
Posts: 2,949

Up 20% today in a sea of red.
Could there be drill results coming??

Mick
  Forum: By Share Code

mullokintyre
Posted on: Sep 24 2020, 10:15 AM


Group: Member
Posts: 2,949

I really don't understand the civil suit program against Westpac.
If federal banking laws are broken, why is it not a federal criminal case?
And why are the employees/directors etc not charged?
These ar$eholes are paid massive salaries , but after 23 million offences, they get of scot free and it will be the shareholders who pay the price of their crimes.
Mick
  Forum: By Share Code

mullokintyre
Posted on: Sep 24 2020, 08:34 AM


Group: Member
Posts: 2,949

Silver crunched again, now down 26% from its recent highs.
Gold is proving more resilient, still holding above the 2600 handle in AUD.
Would like to see it revisit that 2200 mark before I started loading up again.
DOW down 500 + points, cash has gone past the regal status to Emperor.
Can't be good for the ASX today.
Mick
  Forum: Investment Discussion

mullokintyre
Posted on: Sep 24 2020, 08:26 AM


Group: Member
Posts: 2,949

Silver pummelled again overnight.
Will stick some low ball buys for ARD and SVL in today in the hope of picking something up a lot cheaper than when I last sold them.
Mick
  Forum: Macro Factors

mullokintyre
Posted on: Sep 23 2020, 10:04 AM


Group: Member
Posts: 2,949

If at the same time, all these experts published stats on what they got wight, what they got wrong, and what was neutral, I might give them some weight.
Their research teams may do lots of research and analysis, but its what they read from the research and analysis, then what they recommend , is what really counts.
Mick
  Forum: Investment Discussion

mullokintyre
Posted on: Sep 23 2020, 09:41 AM


Group: Member
Posts: 2,949

Silver continuing its fall, now down 16% from its recent high.
Hope the crunch goes further as I sit on the sidelines waiting.
Mick
  Forum: Macro Factors

mullokintyre
Posted on: Sep 23 2020, 09:39 AM


Group: Member
Posts: 2,949

Opinions are like bums, everyone's got one.
Mick
  Forum: Investment Discussion

mullokintyre
Posted on: Sep 22 2020, 11:08 PM


Group: Member
Posts: 2,949

And on another front in the "we really don't know much" department.
From NEWSZONE

QUOTE
An oval-shaped area of lower magnetic intensity in the atmosphere between South America and Africa is causing concern to NASA over the potential danger it poses to satellites and spacecraft that pass through it, the website ScienceAlert.com reported.

The South Atlantic Anomaly, first identified in 1958, appears to be dividing into two different cells, one over South America and the other off the coast of South Africa.

The concern is due to the fact the weakened magnetic field results in the closest approach of the Van Allen radiation belts to the Earth's surface. That leaves what some scientists refer to a "pothole" or "dent" in which charged solar particles can sail through the Earth's atmosphere and wreak havoc on electronic components, causing them to short-circuit and malfunction."The observed SAA can be also interpreted as a consequence of weakening dominance of the dipole field in the region," according to geophysicist and mathematician Weijia Kuang at NASA's Goddard Space Flight Center in Greenbelt, Maryland.

"More specifically, a localized field with reversed polarity grows strongly in the SAA region, thus making the field intensity very weak, weaker than that of the surrounding regions."

The consequences are that man-made satellites, such as the International Space Station, must take precautions when their orbits take it through the zone. Some satellite operators must routine shut down their equipment to avoid significant data loss or even permanent damage to key components.

Studies have indicated not only is the zone splitting, it appears to be moving to the northwest.

"Even though the SAA is slow-moving, it is going through some change in morphology, so it's also important that we keep observing it by having continued missions," Goddard geophysicist Terry Sabaka said.

"Because that's what helps us make models and predictions."


Had a bit of a chuckle over that last bit.
Their models and predictions didn't show the anomaly, only by the very basic science principle of observtion ond measurement did it get discovered.

Mick
  Forum: Off Topic Chat

mullokintyre
Posted on: Sep 22 2020, 04:12 PM


Group: Member
Posts: 2,949

All out of ALK. PE is now in mid 60's would need a big increase in gold prices in AUD to bring that down to an acceptable level.
Been a great ride though, and the ASM iPO was the icing on the substantial cake.
Mick
  Forum: By Share Code

mullokintyre
Posted on: Sep 22 2020, 04:07 PM


Group: Member
Posts: 2,949

HLS reached a 52 week high today on some above average volume.
Not sure why the punters are piling in, maybe they are expecting some sort of announcement at the upcoming AGM.I'll take it whatever the reason.
Mick
  Forum: By Share Code

mullokintyre
Posted on: Sep 22 2020, 12:47 PM


Group: Member
Posts: 2,949

It reinforces to me just how much we really don't know about a lot of things..
Mick
  Forum: Off Topic Chat

mullokintyre
Posted on: Sep 22 2020, 07:36 AM


Group: Member
Posts: 2,949

It seems my all time fav investment Bank, JPM, along with its highly paid and credentialled leader, Jamie Dimon, have run into a spot of bother.
From Wall street on Parade

QUOTE
The International Consortium of Investigative Journalists (ICIJ) has once again managed to do what federal bank regulators refuse to do in the United States – come clean with the American people about our dirty Wall Street banks.

ICIJ dropped a bombshell investigative report yesterday about money laundering for criminals at some of the biggest banks on Wall Street, but you won’t find a peep about it on the front page of today’s Wall Street Journal or New York Times’ print editions. In fact, the New York Times, as of 6:44 a.m. this morning, hasn’t reported the story at all. The Wall Street Journal carries an innocuous headline, “HSBC Stock Hits 25-Year Low,” putting the focus on the British bank, HSBC, when its focus should be on the largest bank in the U.S., JPMorgan Chase, a serial felon.JPMorgan Chase was involved in moving illicit funds for the fugitive, Jho Low, involving the notorious looting of public funds in Malaysia. Jho Low has been accused by multiple jurisdictions of playing a key role in the embezzlement of more than $4.5 billion from a Malaysian economic development fund, 1MDB. JPMorgan Chase moved $1.2 billion in money for Jho Low from 2013 to 2016, according to the report.

The ICIJ bombshell includes the charge that JPMorgan also “processed more than $50 million in payments over a decade, the records show, for Paul Manafort, the former campaign manager for President Donald Trump. The bank shuttled at least $6.9 million in Manafort transactions in the 14 months after he resigned from the campaign amid a swirl of money laundering and corruption allegations spawning from his work with a pro-Russian political party in Ukraine.”

More troubling activity at JPMorgan Chase includes the following, according to ICIJ investigators:

“JPMorgan also moved money for companies and people tied to corruption scandals in Venezuela that have helped create one of the world’s worst humanitarian crises. One in three Venezuelans is not getting enough to eat, the UN reported this year, and millions have fled the country.

“One of the Venezuelans who got help from JPMorgan was Alejandro ‘Piojo’ Isturiz, a former government official who has been charged by U.S. authorities as a player in an international money laundering scheme. Prosecutors allege that between 2011 and 2013 Isturiz and others solicited bribes to rig government energy contracts. The bank moved more than $63 million for companies linked to Isturiz and the money laundering scheme between 2012 and 2016, the FinCEN Files show…”


At least they are consistent.

Mick
  Forum: Investment Discussion

mullokintyre
Posted on: Sep 22 2020, 07:21 AM


Group: Member
Posts: 2,949

Wow, Silver down by 2 bucks overnight.
Gold was also smacked, though not as hard.
Given the fall in Dow last night, plus the big jump in the USD index, looks like people running for cover into cash.
Reckon it will be a sea of red here today.
Mick
  Forum: Investment Discussion

mullokintyre
Posted on: Sep 22 2020, 07:19 AM


Group: Member
Posts: 2,949

Wow, Silver down by 2 bucks overnight.
Thats a pretty good dumping.
Had some low ball bids back in at SVL, but will cancel them until I see a bit of a recovery.
Gold was also smacked, though not as hard.
Given the fall in Dow last night, plus the big jump in the USD index, looks like people running for cover into cash.
Mick
  Forum: Macro Factors

mullokintyre
Posted on: Sep 21 2020, 09:13 PM


Group: Member
Posts: 2,949

So how many of us are aware of the Dzhanibekov Effect or Tennis Racket Theorem?
here is a video that demonstrates its effect, and goes a good way to explaining why.
Bizarre behaviour of Spinning objects.
Mick
  Forum: Off Topic Chat

mullokintyre
Posted on: Sep 21 2020, 01:00 PM


Group: Member
Posts: 2,949

Looks like wikipedia has been hacked. More power to that hacker!
Dan

Mick
  Forum: Off Topic Chat

mullokintyre
Posted on: Sep 21 2020, 11:52 AM


Group: Member
Posts: 2,949

Added some more IPL today.
The fertiliser side of the business should do pretty well this year, and the explosives side seems to be quietly ticking long.
The only worry is that the recent interest in Ammonia as a feedstock for Hydrogen production might have an impact on prices, although according to ICIS, Ammonia went into oversupply during the last quarter of 2019. The recent slowdown in world trade has also dampened demand for Ammonia.
If the feedstock prices do increase, I at least have shares in WES which owns one of only two plants that produces Ammonia in WA.
Mick
  Forum: By Share Code

mullokintyre
Posted on: Sep 21 2020, 11:42 AM


Group: Member
Posts: 2,949

with good rain across NSW, VIXC and a few parts of SE Qld, bumper crops of conola, wheat , chick peas and a few others are on the cards.
BOM predicting a shift back to La Nina conditions for a while, so yields should be up.
prices of wheat are down from recent highs, but was reading how one of the other big grain producers, Canada, unlike some other parts of the world, has had a gradual cooling over the last decade or so which has started to reduce yields.
Added a few more GNC this morning.
Mick
  Forum: By Share Code

mullokintyre
Posted on: Sep 21 2020, 11:35 AM


Group: Member
Posts: 2,949

Thats it, I'm out.
Thats too good a profit to pass up.
Will probably go much higher now.
Mick
  Forum: By Share Code

mullokintyre
Posted on: Sep 21 2020, 11:09 AM


Group: Member
Posts: 2,949

As a loyal Victorian , I am astounded at the level of compliance that my fellow Vics have agreed to (some more reluctantly than others).
Now we have the complete stasi like corrupted executive in full dictator mode.

The piece of legislation introduced into Victorian parliament, called an Omnibus Bill
is something that i never thought was possible in OZ.
.n most democracies the power to arrest is confined to police and those with specialist police training.
The Daniel Andrews government plans to give powers that go beyond the powers of many police to a class of person to be known as “designated authorised officers” There will no limit to their numbers.

The first power of these “designated authorised officers“ is be able to detain (that can mean jail) a “high risk person”. A high-risk person is one that has been notified and diagnosed with COVID-19 and has not been given clearance from self-isolation. A “high risk person” can also be a “close contact“ of a person who has been diagnosed with COVID-19.

But then the proposed legislation goes one dramatic step further and gives “designated authorised officers” power to detain a person who is “likely“ to refuse or fail to refuse a direction. So, these “designated authorised officers” are to have the power to detain people who have not done anything wrong, but are “likely” to do something wrong. As the bill is written they can arrest anyone on that pretext. We saw these sort powers in pre-war Germany. We see it today in China, in Bulgaria, in Russia.
Who is eligible to be a “designated authorised officer?“ First they must be selected by a public servant who carries the title of secretary of the relevant department. That public servant can choose anyone they consider “appropriate for appointment based on the persons skills, attribute experience or otherwise”. It takes little imagination to realise just how far this can go.
And for all those Lborites who see this as a good thing, what happens if the a more conservative government gets in power and they start using this legislation to give these powers to their accolytes. Imagine the outrage.

The power to detain people should be restricted to police and not available to just about anyone.
And there should be never be unrestricted powers to anyone, including police when it comes to detention. without charge or a court orderd warrant.
And for police, much less non-police be able to use their power to detain a person who is “likely” to do something – not actually having done it - is frightening for a democracy. This is what dictators do.
How the hell have we got to this.

Mick
  Forum: Off Topic Chat

mullokintyre
Posted on: Sep 21 2020, 09:58 AM


Group: Member
Posts: 2,949

I am not investing in land for housing, I am investing in Agricultural land.
Some of it may eventually end up as housing developments, but I hope not.
Its prime ag land with good soil structure, close to water supply facilities.
Mick
  Forum: Off Topic Chat

mullokintyre
Posted on: Sep 20 2020, 09:30 PM


Group: Member
Posts: 2,949

Yes, RBG's death has had a profound impact on many people.
Twitterati

Mick
  Forum: Off Topic Chat

mullokintyre
Posted on: Sep 20 2020, 07:33 PM


Group: Member
Posts: 2,949

Another one for the hypocrisy files.
From The OZ
QUOTE
Remember how we were all in this together?

Yes, well, it’s maybe time to forget that. Because if there is one thing this pandemic has shown us it’s that fame and money make the difference.

As for the people who are making the decisions to let the rich and famous get flights, and dodge hotel quarantine?

The latest outrage concerns Lord Sugar.

No, of course you’ve never heard of him, but never mind that.

He’s a celebrity in the UK! A self-made multi-millionaire! And if that’s not enough to impress you, he’s also the new host of Celebrity Apprentice Australia!
But at least in 14 day Quarantine isn't he?
Actually, no, that’s bunk.
He has in fact been given an exemption from hotel quarantine, just like Nicole and Keith, and Dannii and Tom Hanks and other stars working on the Elvis movie, and so on.

So, on one hand, you’ve got parents with toddlers stuck for two weeks in rooms without windows.

And then you’ve got Lord Sugar, ‘making his own arrangements.’

This in the nation that roundly rejected all that Bunyip Aristocracy nonsense, back in the 1850s.

That nation where Jack’s as good as his master, and probably even better.

Where passengers until very recently rode in the front seat of the taxi, and there was no tipping, since everyone earned a decent wage.

Well, hasn’t that proven to be a total crock? And sure, maybe it always was, but please at least spare us all the “we’re all in this together” nonsense.

Do you know something really revolting?

They put Charlie Gray — the partner of one of the young Australians lost at sea, after a live export ship capsized — in hotel quarantine for two weeks, leaving her to sit alone, night after night, to ponder his fate.

There was no exemption for her.

But sure, let’s all tug our forelocks for Lord Sugar. How sweet it must be.


Don't know which of the myriad governments let this one slip through, but it would seem to be with the connivance of both the NSW and Federal governments.
Didn't trump start off as the host of Celebrity Apoprentice?
Perhaps his sweetness is aiming to be president of the UK when the Queen finally falls off the Perch.
Mick
  Forum: Off Topic Chat

mullokintyre
Posted on: Sep 20 2020, 09:36 AM


Group: Member
Posts: 2,949

Gold is currently in a bit of aholding pattern (at least in AUD terms).
A quick look at the 5 year gold chart sees a flat period from 2015 at around 1600 to sep 2018 when it was still 1600.
It then had a pretty much continual rise from then to early this year when it hit 2600 and stayed there before a quck 200 dollar fall, then a climb up to its recent 2800 high before returning to the 2600 current levels where it has settled.
Unless there is another earth shattering event (like a war, Trump winning retaining his job as POTOS, or Collingwood winning the AFL premiership), I suespect we will stay at these levels for while.
Have stated to sell down my overly large gold portfolio to shift into property (not houses, but bare land),
Mick

  Forum: Investment Discussion

mullokintyre
Posted on: Sep 20 2020, 09:02 AM


Group: Member
Posts: 2,949

Ya full of crap plastic.
Australia has been built on immigration.
Notwithstanding the decimation of the original inhabitants, the orignal settlers were irish and English.
Post war immimgration from a Europe decimated by war have been a roaring success for OZ.
The Snowy Scheme was largely built with migrant labourers who then spread to all parts of the country.
The Vietnamese boat people were vilified when they first arrived, but now are an integral part of Australian culture and history.
The greeks and their fish and chip shops, Italians with their green grocer shops,.
The Turks growing tomatoes. The Albanians in fruit growing.
And the list goes on. In every case Australian life and culture has been shaped by these new arrivals.
Just the massive increases in food selections has been worth it alone.
Yes there have been problems, African Youth gangs, Asian drug peddlars, an increase in religious Terrorism, but there has been a significant net gain.
Some aspects of overseas culture such as the female genital mutilation, forced marriages and general treatment of women as second class citizens we really don't want.
But over time with education and generational changes, things generally get better.
When I look at my circle of friends and acquaintances, and look at their backgrounds, it like having my onw personal u ited nations.
Immigration has been a significant net benefit.
Mick (fifth generation irish/English/Italian/German/and a few others as well)

  Forum: Off Topic Chat

mullokintyre
Posted on: Sep 19 2020, 04:31 PM


Group: Member
Posts: 2,949


As I said the other day
QUOTE
No mention of fines, or arrests here. Maybe the police will yet charge them, I hope they have their mobile phones on if and when that happens.
Compare this treatment to the people arrested for protesting.
Will Assistant Commissioner Cornelius describe these families as "bat shit crazy" as he described the protesters?
I don't think so
.

Well, theres my answer.
From the OZ

QUOTE
Victorian Premier Daniel Andrews has defended his decision to not issue fines to the families behind the Casey coronavirus outbreak, which now has 34 associated cases and has seen at least two people hospitalised.

Members of five different households broke restrictions and visited each other while infectious.

“I will concede this might be a counterintuitive point and perhaps we would all feel better if they got stuck with a fine, but the value of information that allows you to take one test result and identify the 33 other people who have got it, is much more than $1652,” Mr Andrews said on Saturday.

“I think that if you start [issuing fines to positive cases], you run the very real risk that people are not full and frank in the interviews, or indeed some people may not come forward and get tested, if they fear that they can’t do that in an open process. If we were to try and do a kind of retro-analysis of every one of the now close to 20,000 interviews that we have done, through the course of those interviews, many, many people in many different ways will have essentially admitted to doing certain things, and it is about trying to balance up. We might all feel better if those five families got a fine, but ultimately the value of the fine is nothing compared to the value of the information that they give us.”

He said “any sense of satisfaction that we might collectively get by these people getting fined would be very short lived”.

“They will be talking about what they have already done, so that behaviour can’t be changed,” Mr Andrews said.“The value of that information far exceeds anything, far exceeds any fine. Fines and penalties and enforcement is not about trying to change things that happened in the past. It is about trying to make sure that people have the motivation to do the right thing. What you would never want is a situation where somebody decided not to get tested because they then, because they felt that that might lead to them, but there might be some sense of stigma or shame or a financial penalty for having got this thing.”

Chief medical officer Brett Sutton said the cluster linked to the five households was “under control” but could still grow.

“We will always look out over the 14 day period when the new cases can emerge – 14 days from the time of last exposure,” Professor Sutton said.

“So there is absolutely a possibility of additional cases. What we do know is people isolating appropriately and that close contacts are in quarantine but people have obviously been exposed to the virus and they can develop illness any time up to 14 days after having been exposed.”

Professor Sutton said two cases linked to the cluster were in hospital, but the total number of cases in the wider Casey local government area had decreased from 74 to 67.


I shakes me head in disbelief.

The pregnant women who was arrested in her home , or the protestors in Melbourne have just been given a box full of ammo to shoot down the actions of the police and of the Andrews government.
Thats assuming any of this stuff ever actually gets to court.
mick
  Forum: Off Topic Chat

mullokintyre
Posted on: Sep 19 2020, 12:48 PM


Group: Member
Posts: 2,949

News that Ruth Bader Ginsberg has died will make a push to get another conservative on the SCOTUS really quickly.
Not sure if Trump and the republicans will be able to pull it off, there is a veru good argument that says wait till the election is over.
But then again, it might be argued that there needs to be an odd number so as to negate the prospect of a "hung judiciary of 4 all.
This may be pivotal given the very likely possibility of there being numerous court challenges in the aftermath of the election.
mick
  Forum: Off Topic Chat

mullokintyre
Posted on: Sep 18 2020, 05:29 PM


Group: Member
Posts: 2,949

Another for the hypocrisy files.
This report from todays OZ.

QUOTE
Contact tracing has identified five linked households in Melbourne’s south-east that are at the root of the latest coronavirus outbreak in the area.

Of 90 active cases in the Casey and Dandenong areas, a cluster of 34 cases have spread across five households where members were found to have travelled further than the five-kilometre limit and visited each others’ homes.
Mr Weimar said investigations had discovered members of those households had travelled for essential reasons, such as for shopping, including to the Fountain Gate Shopping Centre, largely within five kilometres from their homes.

“But we’ve also seen within this cluster [the] visiting of houses beyond five kilometres radius …. so these five houses that have had unfortunately some members visiting other households

“Relatively infrequent contact … has now meant we have 34 people in five houses exposed to or living with a very real threat of the coronavirus.”

Deputy Chief Health Officer Allen Cheng said the revelation was “disappointing”.

No mention of fines, or arrests here. Maybe the police will yet charge them, I hope they have their mobile phones on if and when that happens.
Compare this treatment to the people arrested for protesting.
Will Assistant Commissioner Cornelius describe these families as "bat shit crazy" as he described the protesters?
I don't think so.
On a side note, it is instructive that the OZ article mentions the followings
QUOTE
The Australian reported on Friday urgent meetings have been held with multicultural community leaders and local councils in Melbourne‘s outer southeast in the wake of the outbreak.

The cluster, which is understood to be linked to multiple households and have links to the local Afghan community, includes unknown source cases.

Premier Daniel Andrews said the outbreak had been complex but had been managed “very well”.

He said there could be some more cases emerge but “we believe we’ve got our arms around this”.

“We have a high degree of confidence we have contained this.”

Mr Andrews also said the cluster spoke to how rapidly the virus spreads and that people visiting others’ homes without a valid reason were risking undermining the state’s recovery strategy.

He said it wasn’t a reflection on an individual community or postcode.


The same story on the ABC news website mentions nothing about the ethnicity of the homes at all.

Mick
  Forum: Off Topic Chat

mullokintyre
Posted on: Sep 18 2020, 02:01 PM


Group: Member
Posts: 2,949

Another for the hypocrisy files.
FromABC News

QUOTE
The Australian Government dished out JobKeeper payments to the Sydney-based campus of New York University (NYU) — while all Australian public universities missed out.NYU, which rakes in about $16.5 billion in revenue each year, is ranked the 11th best school in the US and sits just outside the prestigious Ivy League.

It is unclear how much money NYU received, but the ABC has confirmed it did receive payments to distribute to staff.

In May, private universities such as Notre Dame University, Bond University, Torrens University and the University of Divinity were granted an exemption to the existing JobKeeper eligibility criteria placed on all other universities.

Overall, Australia's 39 public universities receive $18 billion in Federal Government funding for domestic students, but none have received JobKeeper.

Greens Senator Mehreen Faruqi said although she did not want to deny Sydney-based NYU staff "relief", there was a double standard.

"The Government should have exactly the same rules for universities and not try to exclude public universities," Senator Faruqi said.

NYU's Sydney campus did not respond to a request for comment and Education Minister Dan Tehan directed questions to Treasurer Josh Frydenberg, who administers JobKeeper.

The Treasurer said all universities were "eligible" for JobKeeper, but the only reason Australia's public universities did not qualify was that the sector's falls in revenue were not steep enough.


What Frydenberg really means is that the UNI's were not able to massage their figures to get the required 30% drop.
Mick
  Forum: Off Topic Chat

mullokintyre
Posted on: Sep 18 2020, 01:53 PM


Group: Member
Posts: 2,949

For those interested in the creation of the rogue that is the US fed, The Book ,The Creature from Jekyll Island by Ed Griffin makes fascinating reading.
As they say, money talks.
Really big money yells.
Mick
  Forum: Macro Factors

mullokintyre
Posted on: Sep 18 2020, 01:41 PM


Group: Member
Posts: 2,949

ALk hitting another 52 week high.
It is now up 45% since late August.
Taking the profits today, but will keep a few just in case.
Mick
  Forum: By Share Code

mullokintyre
Posted on: Sep 18 2020, 01:23 PM


Group: Member
Posts: 2,949

52 week high today of 14.
Back a bit to 12.5, but still up 28% for the day so far.
Up 300% since early july.
So just how far will it go?
I have never in all my years of investing/trading had a ten bagger.
I am going to break all my standard rules of regularly taking profits in the hope of achieving the semi mythical ten bagger.
My average buy in price is a tad below .07, so have a bit of a way to go.
Mick
  Forum: By Share Code

mullokintyre
Posted on: Sep 18 2020, 09:43 AM


Group: Member
Posts: 2,949

and they call this science?
FromABC News

QUOTE
The team of psychologists wanted to get to the bottom of previous research that found you can tell a narcissist just by looking at their face.

Their study narrowed it down to to the eyebrows. Thick, dark and dense ones were a dead giveaway for a 'grandiose narcissist' — someone who is vain, entitled and superior, and ticks the survey options that say 'I have a natural talent for influencing people,' 'I am a born leader?' and 'I like to show off my body'.

The researchers confirmed their surprise findings through research on hundreds of people, and the results were published in the Journal of Personality last year.

"It was a pretty data driven study," said Miranda Giacomin from MacEwan University.

Still, Dr Giacomin added, it's important to be thoughtful about the results.

"Obviously in our day-to-day lives we don't just judge people based on their eyebrows."


Yeah, right.
mick
  Forum: Off Topic Chat

mullokintyre
Posted on: Sep 17 2020, 01:50 PM


Group: Member
Posts: 2,949

I sometimes wonder at the mainstream media as to why they don't ask the bleedin obvious questions of Politicians.
1. Anthony Albanese says the PM should use the Air force VIP fleet to bring home stranded Aussies.
The question no one seemed to ask is this:
Given that most commercial planes that come into OZ are running at barely 30% capacity, why do we need the VIP fleet to make trips?
Why not just use more of the existing commercial flights every day.
Perhaps an argument might be made to use it to get to remote areas where no commercial flights are going in or out, and bring them to a central hub such as Dubai, but theres no guarantee the various countries are going to let a foreign airforce jet into their country anyway.
It would be cheaper for the government to pay the first class fares of stranded ozzies than pay the cost of sending empty planes out and back.
2. If they did decide to send the VIP fleet where do they bring them back to given that every state has imposed limits on the number of overseas arrivals?
Why are the premiers/territory Ministers resisting imcreasing the numbers they will accept?
is it just because they don't want to fork out the cost?
Is it because they don't want their covid case numbers to go up?
Australia, shambolic, we need to get rid of the states altogether. They add nothing, cost huge amounts or scarce resource and impede the ciuntry.
Mick

  Forum: Off Topic Chat

mullokintyre
Posted on: Sep 17 2020, 01:14 PM


Group: Member
Posts: 2,949

And once again, OZ cricketers make fools of us.
After having the POMS 2/0 off Starcs first two balls, then 4/94, they let em get away to 307.
But then to the amazement of almost everyone, Carey and Maxwell rack up the highest 5 wicket partnerships in ODI's, with both getting centuries.
Stoinis, 4, Marsh 2.
I suppose it doesn't matter whether you win with down or 9 down, the win is the important thing.
Mick
  Forum: Off Topic Chat

mullokintyre
Posted on: Sep 17 2020, 10:59 AM


Group: Member
Posts: 2,949

The talk of the US dollar losing its glitter as THE reserve currency has been out for at least the 12 to 15 years that I can recall, and yet we are no closer to its demise.
The biggest problem as always, is with what do the traders/banks/despots of the world replace it with?
The US Fed is not an isolated incident in the debasement of your currency position.
There is no major CB in the world that is not doing what the US Fed is doing.
So where do you go to? Every other major currency has problems, and whats more, a distinct lack of trust in the people working the levers.
The other issue is that all of those third world despots looting their country's reserves prefer the USD to anything else.
And they are a big market for hard currency.
The last time I was in Africa, the locals refer to the US dollar as a very desirable thing, followed by the UK pound , Euro and swiss frncs.
They referred to the chinese renmimbi as play money.
Things such as dinars, roubles, etc were almost impossible to offload.
I was reading this morning that Nuw Zilund economy fell by 12% last quarter, after a 2.1 % fall the previous quarter.
With their debt expected to grow by 200 million to over 3 billion this year.
Mick
  Forum: Macro Factors

mullokintyre
Posted on: Sep 16 2020, 09:36 PM


Group: Member
Posts: 2,949

Just a little more on my personal distatse for Jamie Dimon and his bank, This Article from Ther Nation says so much about them

QUOTE
After JPMorgan’s deceitful activities in the housing market helped trigger the 2008 financial crash that cost millions of Americans their jobs, homes, and life savings, punishment was in order. Among a vast array of misconduct, JPMorgan engaged in the routine use of “robo-signing,” which allowed bank employees to automatically sign hundreds, even thousands, of foreclosure documents per day without verifying their contents. But in the United States, white-collar criminals rarely go to prison; instead, they negotiate settlements. Thus, on February 9, 2012, US Attorney General Eric Holder announced the National Mortgage Settlement, which fined JPMorgan Chase and four other mega-banks a total of $25 billion.

JPMorgan’s share of the settlement was $5.3 billion, but only $1.1 billion had to be paid in cash; the other $4.2 billion was to come in the form of financial relief for homeowners in danger of losing their homes to foreclosure. The settlement called for JPMorgan to reduce the amounts owed, modify the loan terms, and take other steps to help distressed Americans keep their homes. A separate 2013 settlement against the bank for deceiving mortgage investors included another $4 billion in consumer relief.A Nation investigation can now reveal how JPMorgan met part of its $8.2 billion settlement burden: by using other people’s money.

Here’s how the alleged scam worked. JPMorgan moved to forgive the mortgages of tens of thousands of homeowners; the feds, in turn, credited these canceled loans against the penalties due under the 2012 and 2013 settlements. But here’s the rub: In many instances, JPMorgan was forgiving loans it no longer owned.

The alleged fraud is described in internal JPMorgan documents, public records, testimony from homeowners and investors burned in the scam, and other evidence presented in a blockbuster lawsuit against JPMorgan, now being heard in US District Court in New York City.

JPMorgan no longer owned the loans because it had sold the mortgages years earlier to 21 third-party investors, including three companies owned by Larry Schneider. Those companies are the plaintiffs in the lawsuit; Schneider is also aiding the federal government in a related case against the bank. In a bizarre twist, a company associated with the Church of Scientology facilitated the apparent scheme. Nationwide Title Clearing, a document-processing company with close ties to the church, produced and filed the documents that JPMorgan needed to claim ownership and cancel the loans.
“If the allegations are true, JPMorgan screwed everybody.” —former congressman Brad Miller

JPMorgan, it appears, was running an elaborate shell game. In the depths of the financial collapse, the bank had unloaded tens of thousands of toxic loans when they were worth next to nothing. Then, when it needed to provide customer relief under the settlements, the bank had paperwork created asserting that it still owned the loans. In the process, homeowners were exploited, investors were defrauded, and communities were left to battle the blight caused by abandoned properties. JPMorgan, however, came out hundreds of millions of dollars ahead, thanks to using other people’s money.

“If the allegations are true, JPMorgan screwed everybody,” says Brad Miller, a former Democratic congressman from North Carolina who was among the strongest advocates of financial reform on Capitol Hill until his retirement in 2013.

In an unusual departure from most allegations of financial bad behavior, there is strong evidence that Jamie Dimon, JPMorgan’s CEO and chairman, knew about and helped to implement the mass loan-forgiveness project. In two separate meetings in 2013 and 2014, JPMorgan employees working on the project were specifically instructed not to release mortgages in Detroit under orders from Dimon himself, according to internal bank communications. In an apparent public-relations ploy, JPMorgan was about to invest $100 million in Detroit’s revival. Dimon’s order to delay forgiving the mortgages in Detroit appears to have been motivated by a fear of reputational risk. An internal JPMorgan report warned that hard-hit cities might take issue with bulk loan forgiveness, which would deprive municipal governments of property taxes on abandoned properties while further destabilizing the housing market.

Did Dimon also know that JPMorgan, as part of its mass loan-forgiveness project, was forgiving loans it no longer owned? No internal bank documents confirming that knowledge have yet surfaced, but Dimon routinely takes legal responsibility for knowing about his bank’s actions. Like every financial CEO in the country, Dimon is obligated by law to sign a document every year attesting to his knowledge of and responsibility for his bank’s operations. The law establishes punishments of $1 million in fines and imprisonment of up to 10 years for knowingly making false certifications.
Federal appointees have been complicit in this as well. E-mails show that the Office of Mortgage Settlement Oversight, charged by the government with ensuring the banks’ compliance with the two federal settlements, gave JPMorgan the green light to mass-forgive its loans. This served two purposes for the bank: It could take settlement credit for forgiving the loans, and it could also hide these loans—which JPMorgan had allegedly been handling improperly—from the settlements’ testing regimes.

“No one in Washington seems to understand why Americans think that different rules apply to Wall Street, and why they’re so mad about that,” said former congressman Miller. “This is why.”.


So, not only did they commit the original fraud for which they were fined and forced to pay restitution, they defrauded a second time on the payment of the restitution.
And once again, one of the federal agenc ies responsible for oversight was complicit in the scam.
I rest me case m'lud.
Mick
  Forum: Investment Discussion

mullokintyre
Posted on: Sep 16 2020, 09:23 PM


Group: Member
Posts: 2,949

I am thinking of leaving Victoria, but where do I go??
It will also most likely cost me a divorce.
Not sure I want nor be able to afford that.
Mick
  Forum: Off Topic Chat

mullokintyre
Posted on: Sep 16 2020, 08:05 PM


Group: Member
Posts: 2,949

Vicpol have gone full takeover.
Not even a nod to the Parliament on this one
From ABC NEWS

.
QUOTE
Melbourne residents who try to sneak into regional Victoria to enjoy the relaxing of restrictions in the country have been warned they face fines of almost $5,000…

Victoria Police’s deputy commissioner of regional operations, Rick Nugent, said police would introduce a new offence to deter people from trying to leave Melbourne without a permitted reason…


Who the hell gave them permission to make laws??
Where in the state of emergency declaration did this appear?

I am so Pissed off I am seriously considering joining the Liberal party!

Mick
  Forum: Off Topic Chat

mullokintyre
Posted on: Sep 16 2020, 02:25 PM


Group: Member
Posts: 2,949

How on earth can the board of star possibly have approved this??
from todays OZ

QUOTE
Casino group Star Entertainment has paid its top executives $1.4m in bonuses after it put its hand out for $130m in taxpayer cash to fund the wages of almost 7000 staff it stood down in April.

The company opted to pay out its short-term incentive (STI) payments in the form of deferred equity this year to “preserve cash” during the COVID-19 pandemic.The company opted to pay out its short-term incentive (STI) payments in the form of deferred equity this year to “preserve cash” during the COVID-19 pandemic.

Chief executive Matt Bekier received $829,872 in deferred equity on top of his $1.56m base salary, taking his total remuneration to $2.36m. Three other executives shared in the remainder of the $1.4m in bonuses.

But Mr Bekier could have received more. He agreed to a 40 per cent pay cut, while non-executive directors took a 50 per cent cut to their fees.

Star remuneration committee chair Sally Pitkin said while the group did not hit its STI target, the board decided to pay STI bonuses in the form of deferred equity, which is subject to a one year retention restriction because the group was performing ahead of budget before the COVID-19 pandemic struck.

“The group did not achieve the financial gateway under the STI, however, the board has decided to exercise its discretion to make limited equity awards under the FY20 STI,” Ms Pitkin said in the group’s annual report.“The group was performing strongly against all key strategic and operational metrics in FY20 until the COVID-19 pandemic occurred, requiring the mandatory shutdown of operations in March 2020. Pre-COVID-19, Normalised NPAT up to the end of February 2020 was 15.6 per cent ahead of the (prior corresponding period) and 5 per cent ahead of budget.

“Both guest satisfaction and safety measures were at or above expectations. Following the impact of COVID-19, the group’s full year normalised NPAT of $120.8m was 46 per cent below the prior year and 49 per cent below target.”

The group stood down about 90 per cent of its workforce after the federal, NSW and Queensland governments banned non-essential businesses on March 25, leading to the cessation of Star’s gaming activities and closure of food and beverage outlets.

Its annual report revealed Star expected to receive up to $130m under the federal government’s JobKeeper wage subsidy to pay the wages of almost 7000 staff up to September 27.


Where are all the Superfund managers, those who say they are keeping a sharp watch on boards to make sutre they are inclusive, have a social conscience bla bla bla.
dead silence.
Hope you are reading this Henrietta,
Their hypocrisy is stunning, if not unexpected.
Mick
  Forum: By Share Code

mullokintyre
Posted on: Sep 16 2020, 01:37 PM


Group: Member
Posts: 2,949

Up 30% so far today.
No announcements, must be leaking of drill results.
Mick
  Forum: By Share Code

mullokintyre
Posted on: Sep 16 2020, 01:31 PM


Group: Member
Posts: 2,949

I agree that he has made smart decisions to increase wealth for JPM, but then he has had a lot of help fro authorities.
And yes some of the points he made are quite correct.
The problem I see is that he has already set JPM to benefit from his wisdom before releasing these things to market.
A bit like a broker having a whole lot of shitty stock and then putting out a glowing report on that same stock so they offload it.
Mick
  Forum: Investment Discussion

mullokintyre
Posted on: Sep 16 2020, 12:27 PM


Group: Member
Posts: 2,949

Howdy EB, he hasn't done anything personally to me, although JP Morgan is one of the biggest purpertrators of the fraud that sees the paper traders screwing the COMEX market for both gold and silver every day for the past thirty years. But thats another story.
My intense dislike and distrust of the likes of JP Morgan/Jamie Dimon is equally shared by all the major commercial banks in the US system.
They have done over the average American for years, ensured they get special treatment courtesy of owning the FED, and are a good part of the inequality of wealth, health and living standards in the US today.
Who was the bank that had their snouts in the trough with Bernie Madoff and the biggest Ponzi scheme in History?
If you can find it, have a look at the hecklers aiming for Dimon when he appeared before the senate banking inquiry in 2012 I think it was.
This quite from Wall street on parade almost exactly a year ago This time last year
QUOTE
Yesterday, three traders at JPMorgan Chase, the bank headed by Jamie Dimon, got smacked with the same kind of criminal felony charge that was used to indict members of the Gambino crime family in 2017. The charge is racketeering and falls under the Racketeer Influenced and Corrupt Organizations Act or RICO. According to the Justice Department, the traders engaged in a pattern of rigging the gold, silver and other precious metals markets from approximately May 2008 to August 2016.

Jamie Dimon organised a downgrading of a perfectly healthy bank, Wamu (Washington Mutual) back in the early 200's so that JPMC could buy it on the cheap.
Do a search on the bank, Sheila Blair, who was then head of the FDIC, and see the sorts of tricks they got up to to devalue a healthy bank.
I could go on, but I am sure you get the picture.
In all of these cases, the regulatory authorities, turned a blind eye, or in the case of the WAMU takeover, they were in complete connivance.
Have a nice day!
Mick

  Forum: Investment Discussion

mullokintyre
Posted on: Sep 16 2020, 11:48 AM


Group: Member
Posts: 2,949

From the article Plastic linked below
QUOTE
These reports come as a shock, since Corbat was being lauded just the other day for his progressive vision in maneuvering Fraser into position to be his replacement. It's certainly a blemish that Corbat, who has served as CEO since 2012, will see tarnish his legacy on his way out, while also making Citi vulnerable to political backlash during an election year.


A stunning example of the lax regulatory bodies when its more likely that poilitical backlash is a greater punishment than what the regulatory bodies themselves have done.
Wall street on parade

outlines the enormously unethical immoral, and probably downright illegal of Citibank.
QUOTE
The business media was abuzz yesterday with reports that two of Citigroup’s federal regulators – the Office of the Comptroller of the Currency and the Federal Reserve – are considering reprimanding the bank for failure to improve its risk management systems. Trust us: there is a lot more to this story than you’re reading about in the main stream press. Citigroup doesn’t do anything small. When it does something bad, it goes all in – sometimes even assigning a code name.

Let’s start with the “Dr. Evil” trade. That was actually the code name that Citigroup traders assigned to an attempt to exploit a weakness in a European bond trading system. Citigroup was fined $26 million in 2005 by Europe’s Financial Services Authority for the trades.

Citigroup employees gave another code name, “Buca Nero” – Italian for “Black Hole” – to an accounting maneuver that made debt appear to be an investment at the debt-strapped Italian dairy company, Parmalat. The company collapsed in 2003 in what became Europe’s largest ever bankruptcy.

In 2005 Citigroup settled with the Securities and Exchange Commission for $101 million for helping the notorious Enron inflate its cash flows and under report its debts. The same year, Citigroup settled with private litigants for $2 billion over its role in the bankruptcy of Enron.

Then there were those infamous SIV liquidity puts. In the leadup to Wall Street’s financial collapse in 2008, Citigroup had been creating Structured Investment Vehicles (SIVs) and using them to place toxic subprime debt off its balance sheet. The problem was that those SIVs promised to provide liquidity to buyers of its commercial paper if the market bulked and wouldn’t roll over the commercial paper. That meant that Citigroup, in providing those liquidity puts, had to put this toxic debt back on its own balance sheet and take massive losses. Citigroup’s stock went to 99 cents in 2009 as it was receiving the largest taxpayer bailout in U.S. history.

While all of the above had been going on, Sandy Weill, the Chairman and CEO of Citigroup, had amassed a fortune from the bank through a technique that compensation expert Graef “Bud” Crystal called the Count Dracula stock option plan. You couldn’t kill it; not even with a silver bullet. Nor could you prosecute it, because Citi’s Board of Directors had signed off on it.

The plan worked as follows: every time Weill exercised one set of stock options, he got a reload of approximately the same amount of options, regardless of how many frauds the bank had been charged with during that year.

Crystal explained in an article for Bloomberg News that between 1988 and 2002, Weill “received 96 different option grants” on an aggregate of $3 billion of stock. Crystal says “It’s a wonder that Weill had time to run the business, what with all his option grants and exercises. In the years 1996, 1997, 1998 and 2000, Weill exercised, and then received new option grants, a total of, respectively, 14, 20, 13 and 19 times.”

By the time Weill stepped down as CEO in 2003, he had received over $1 billion in compensation, the majority of it coming from his reloading stock options. (Weill remained as Chairman of Citigroup until 2006.) One day after stepping down as CEO, Citigroup’s Board of Directors allowed Weill to sell back to the corporation 5.6 million shares of his stock for $264 million. This eliminated Weill’s risk that his big share sale would drive down his own share prices as he was selling. The Board negotiated the price at $47.14 for all of Weill’s shares.
There have been some other strange things going on at Citigroup during this recent financial crisis. In July we reported that Citibank, the commercial bank owned by Citigroup, had received more than $3 billion in reimbursements from the Federal Reserve for loans that Citi had made under the Paycheck Protection Program. Those loans are guaranteed by the Small Business Administration so why would Citigroup need to be reimbursed for guaranteed loans? None of Citigroup’s peer banks – like Wells Fargo, Bank of America, JPMorgan Chase, Goldman Sachs or Morgan Stanley – took money from the Fed under this program. Just Citibank.

There are also numerous complaints online from Citibank customers that the bank is, without warning, cutting their credit limit on their credit cards. That doesn’t seem to square with the repeated representations from Federal Reserve Chairman Jay Powell that the big Wall Street banks are a “source of strength” during this economic crisis – the second one the U.S. is facing in a period of just 12 years.

Makes our banks look like angels.
Mick
  Forum: Off Topic Chat

mullokintyre
Posted on: Sep 16 2020, 11:35 AM


Group: Member
Posts: 2,949

I agree he's a pretty smart bloke, unfortunately he has the ethics and morals of a member of the mafia.
The organisation he heads has similar morals and ethics.
Mick
  Forum: Investment Discussion

mullokintyre
Posted on: Sep 16 2020, 10:26 AM


Group: Member
Posts: 2,949

A most interesting take on the silver supply and demand price ratio.
From Voima gold

Every year the Silver Institute publishes silver supply and demand numbers that suggest the market is in a deficit or surplus, although there is no correlation between their “market balance” and the price of silver.
QUOTE
Investment decisions based on the Silver Institute’s supply and demand data can turn out badly.In a previous article we have discussed that gold trades more like a currency than a commodity. An approach of a gold market balance, which produces a surplus or deficit, is therefore not appropriate nor indicative of price direction. Because silver is both a monetary metal and an industrial commodity its supply and demand dynamics require special attention. My conclusion is that silver, just like gold, trades more like a currency than a commodity.

Silver Is a Currency
In ancient Sumer, roughly 5,000 years ago, silver was a unit of account, a medium of exchange for large purchases, and a store of value. Silver has been used as money in countless civilizations ever since. Because silver is durable and valuable very little gets lost. More than 90% of all silver ever mined is still above ground.

Since the 19th century silver is also being used for industrial applications. Currently, CPM Group estimates that half of all above ground silver is in industrial products, and the other half is in coins, jewelry, silverware and investment bars. The total above ground amount of silver For perishable commodities a market balance, calculated by subtracting demand from supply, is indicative of price direction. This is because annual production is far larger than above ground stocks. When wheat demand rises, wheat supply can’t be quickly expanded—as there are no vast stocks that can enter the market—and the price has to go up. The wheat market balance tells us if there is a surplus or deficit in the market that will either decrease or increase the price of wheat.For monetary metals, however, this approach is not suitable. The reason is the stock to flow ratio (STF), which is calculated by dividing above ground stocks by annual production. Silver’s STF is approximately 30. Annual silver mine production is 26,000 tonnes, and 800,000 tonnes of silver is in jewelry, coins and bars, which comprises the stock (at the right price this can enter the market as supply). For the sake of simplicity I choose not to count above ground silver that is in industrial products as stock.The above shows the difficulty for consultancy firms of presenting a market balance for what is chiefly a currency (monetary metal). My message is not that the Silver Institute’s reports are useless; they contain all sorts of valuable data. I’m just skeptical of any conclusion derived from a silver market balance—surplus or deficit. To me it makes more sense to focus on variables that also drive the price of gold—such as inflation, risk, and interest rates—to get a feel for silver sentiment.


The interesting point is that the supply of silver is huge if the price keeps going up.
At some price point, people holding silver in jewelry or investment form as ingots etc will bring it into the supply side.
The quoted supply demand figures are at best inaccurate, at worst downright misleading.
I had always simply looked at the published demand/supply figures to drive my investment.
Perhaps I have just been lucky in the past.
Mick
  Forum: Macro Factors

mullokintyre
Posted on: Sep 16 2020, 09:45 AM


Group: Member
Posts: 2,949

Hasn't had much coverage on mainsteam media, but a mate of mine sent me a link to THIS

QUOTE
A surprising ruling from US District Court finds Governor Tom Wolf’s decree that forced people to stay at home, limited the size of social gatherings and ordered all “non-life-sustaining” businesses to shut down to be in breach of the constitution.

In a rare win for the freedom in the days of “the new normal” Judge William Stickman IV sided with the plaintiffs – a collection of small business owners – against the state. And found the measures to be “overreaching and arbitrary and violated citizens’ constitutional rights”.

The state will appeal, of course, but the hope is that this ruling can set a precedent which will limit governmental over-reach and the surge of draconian powers being implemented to (allegedly) “combat the pandemic”.

Certainly, amid the wave of ominous utilitarian preaching in both the corporate and social media, Sticman’s ruling makes for refreshing reading. You can view the whole thing here, but this I will leave you with the best quote, taken from the conclusion:

Even in an emergency, the authority of the government is not unfettered. The liberties protected by the Constitution are not fair-weather freedoms – in place when times are good but able to be cast aside in times of trouble.

There is no question that this Country has faced, and will face, emergencies of every sort. But the solution to a national crisis can never be permitted to supersede the commitment to individual liberty that stands as the foundation of the American experiment.

The Constitution cannot accept the concept of a “new normal” where the basic liberties of the people can be subordinated to open-ended emergency mitigation measures. Rather, the Constitution sets certain lines that may not be crossed, even in an emergency.


I was a little wary of commenting on this, as the site where the article comes from is one of the many conspiracy sites that put out various 9/11 conspiracy theories, but the link to the complete transcript seems to agree with what the author is saying.
Have to wait for an appeal to be heard before it really gets interesting.
Mick
  Forum: Off Topic Chat

mullokintyre
Posted on: Sep 15 2020, 06:59 PM


Group: Member
Posts: 2,949

We are now seeing the full politicisation of the covid virus
All of the state premiers have put limits on the number of people who can enter the state from overseas and be quarantined according to each states health rules.
Western Australian premier Mark McGowan has called on the Federal government to consider opening detention centres and defence bases to Australians returning from overseas and moving from interstate as the state’s quarantining capabilities are stretched to capacity.
This neatly transfers the costs of rules set up by the state to the Federal Govt.
he also wants the feds to use defence basis that have accomodation for the people entering WA.
And of course transfer the costs to the fed.
Mick
  Forum: Off Topic Chat

mullokintyre
Posted on: Sep 15 2020, 12:26 PM


Group: Member
Posts: 2,949

Another 52 week high today.
Its getting toward sell time.
Gold in AUD hasn't really changed much, so the momentum is in the stock.
If it gets to 2.75, I will take some healthy profits and wait.
Mick
  Forum: By Share Code

mullokintyre
Posted on: Sep 14 2020, 10:53 PM


Group: Member
Posts: 2,949

Just so y'all know what the average US punter is up against.
Somewhat similar to OZ.
FromCongressional report
QUOTE
New congressional reporting released on July 22 shows that 147 out of 435 members of the U.S. House of Representatives are lawyers. Nearly half of the U.S. Senate is likewise made of lawyers.

The vast majority of remaining seats are occupied by professionals from the “business sector.” What few positions are left to claim are typically handed to former Congressional staffers – “keeping it in the family,” so to speak. Much media attention, rightly or wrongly, is paid to the gender and racial disparities that persist in the US legislature. There are other measurable markers, though – some arguably more relevant than gender or race – that betray the total lack of representation for the average American in the government.

The report paints a comprehensive image of who sits in the seat of elected power, what worldview they likely bring to the job, and, ultimately, what corresponding legislative agenda they will transform into public policy.

Unsurprisingly, the membership of Congress poorly resembles the population of Main Street USA. The chasm between the governing and the governed seems to grow by the year.

96% of Congress has a college education. In contrast, only 34% of the total US adult population has completed higher education. The average age of a US Senator is almost 63 years — while more than half of Americans are under 39 years old.


But the most damning read is the following.

QUOTE
Most indicative of all, as documented separately from the above-referenced report, more than half of Congressional members are millionaires. They invariably leave “public service” (if they ever do) substantially wealthier than when they arrived. More than being just “well-off,” several members with tens of millions in accumulated net worth qualify as economically elite. The spoils of the federal gravy train, as evidenced in the chart above, is distributed throughout the DC swamp in bipartisan fashion.

Since the days of economic optimism in the post-World War II era, American wealth has been slowly but steadily extracted from the working class for upward transfer to the ruling elites.

Worker productivity continues to climb while wages remain stagnant. The most jarring figure on the unfolding economic meltdown comes via the Federal Reserve: 40% of Americans can’t access $400 to cover emergency expenses.

The economic circumstances for the average American, while more materially comfortable, are now virtually indistinguishable from that of a 19th-century Russian serf in this regard: he or she is tied to dead-end work by decree of the nobility with little hope of a middle-class future.

This is the economic stuff of the Third World, but the reality of mass destitution now lives right here in American neighborhoods.

Los Angeles and New York – the two most populous cities in the United States and exhibitions of some of the most extravagant wealth anywhere on the globe — now rank #2 and #4 in homelessness worldwide, respectively, right alongside Third World behemoths like Mumbai, India and Manila, Philippines.
One of the most fundamental concepts in interpersonal psychology is that people identify and empathize with others who share similar traits.

It should come as no surprise, then, that Congress does not prioritize the well-being of the average American – they share no perceived common interests. A 2014 scientific, systematic survey of American political institutions by academics at Princeton University found that the US now functions as an inversion of democracy wherein public opinion matters not at all while the elite dictate policy.

Specifically, the researchers said:

“Multivariate analysis indicates that economic elites and organised groups representing business interests have substantial independent impacts on US government policy, while average citizens and mass-based interest groups have little or no independent influence.”

Essentially, it is now a matter of settled social science that, in America in 2020, the unelected and widely despised likes of George Soros, Jeff Bezos, and Bill Gates write US law. Average Americans now rely on the non-existent benevolence and wisdom of unelected, sociopathic oligarchs for economic provision. It’s a recipe for disaster.
In an age where non-partisan, populist libertarianism is needed more than ever, such leaders rarely emerge out of the ranks of the attorney and business classes. Insincere opponents of “class warfare” will surely disagree, but true representation is impossible without representatives on the same rung of the socioeconomic ladder as their constituents.

The majority of members of Congress are millionaires; everyone they play golf with is a millionaire; they all take money from billionaires each election cycle as a matter of political survival.

While the American economy decays from coast to coast, the DC suburbs are thriving like never before. Per capita, 9 out of the 20 wealthiest counties in the US are now located there. The swamp is a gold mine for the creatures that populate it.

One need not object to the concept of becoming a financially secure millionaire to object to the increasing concentration of wealth at the very top of society – driven in large part by the legislative and enforcement agendas set forth by the lawyer-centric roster of nationally elected leadership. The gutting of democratic institutions did not happen overnight. Lawyers working on behalf of the ruling class incrementally hijacked the entire campaign financing system to give a permanent electoral advantage to the candidates that collect the most bribes from their corporate sponsors.

90% of the time, the Congressional candidates with more campaign cash win. 93% of House of Representatives incumbents return to power in the next election cycle. They often serve decades in power, accumulating riches and personal celebrity for themselves as compensation for orchestrating the systematic transfer of wealth to the top of the pyramid.

They do it through sweetheart tax deals for huge corporations, private-public business “partnerships,” military adventurism, union busting, and myriad other scams to transfer ever-greater concentrations of wealth into the hands of a tiny governing elite.


Loved that bit about 9 of the 20 wealthiest counties are in Washington D.C. A tiny area of 170 sq kilometres that makes it less than the size of Melbourne.
As I have said before, the BLM heroes have got all wrong, it be PLM - poor Lives Matter, cos thats the real problem.

Mick


  Forum: Off Topic Chat

mullokintyre
Posted on: Sep 14 2020, 10:41 PM


Group: Member
Posts: 2,949

Can't answer that for you mate
You woukd need to talk to Canadian authorities.
Not sure if it will help you though, unless the entity has a presence in OZ, and is registered with ASIC etc etc.
Good luck with that!
Mick
  Forum: Investment Discussion

mullokintyre
Posted on: Sep 14 2020, 06:12 PM


Group: Member
Posts: 2,949

Not sure if thats possible under current laws.
I believe that the entity to which you want to transfer the shares must be registered in OZ.
Australian shares traded on other platforms external to OZ usually use some form of ADR. (Australin Deposit rRceipts).
It will very much depend on the entity where you wish to trade them to.
The ATO might want to have a say , just in case they deem this to be a capital gains triggering event.
And speaking from experience, NABTRADE will do everything in its power (and then some) to make it difficult.
Mick
  Forum: Investment Discussion

mullokintyre
Posted on: Sep 14 2020, 03:30 PM


Group: Member
Posts: 2,949

QUOTE
And betting against a central bank is crazy.....


Yeah, difficult to get a counterparty with the CB's.
Mick
  Forum: Off Topic Chat

mullokintyre
Posted on: Sep 14 2020, 09:40 AM


Group: Member
Posts: 2,949

I sense that Victoria is becoming severely polarised, particularly along the City versus regional fracture line.
In the recent short parliamentary sitting, the 3 animal party reps voted with the govt to remew the premiers ability to declare a state of emergency for up to six months.
In these days of quid pro quo, I guess it is no surprise that pet salons are now allowed to open, however, you still can't get dental surgery.
Mick
  Forum: Off Topic Chat

mullokintyre
Posted on: Sep 14 2020, 09:11 AM


Group: Member
Posts: 2,949

Normal service returned.
After an excellent bowling and fielding display to keep the poms to 231, Aus batsmen implded.
After being 2-144, managed to lose 8 for 63 in a rather dramatic collapse.
Maxi1, marsh 1, at least Carey got to 36.
Finch kept it going to 73, but not uch support.
Poor display by OZ.
Mick
  Forum: Off Topic Chat

mullokintyre
Posted on: Sep 13 2020, 07:16 PM


Group: Member
Posts: 2,949

Correction, the head being kneeled upon by the police probably does not belong to a non white person, the persons face was turned away from the camera, I was viewing the back of the head.
Chastened Mick
  Forum: Off Topic Chat

mullokintyre
Posted on: Sep 13 2020, 03:03 PM


Group: Member
Posts: 2,949

In the report below from the ABC web site, there is an embedded video of somebody being arrested by the police at a demonstration in Melbourne against the lockown.
Towards the end of the video, there is a closeup of the person being arrested facedown with about five vicpol boys on him, one of which has his knee on the head of the arrestee.
When you look at the face, it looks suspiciously like a person who is deffinitely not a priveleged white male, but rather an unknown class of male who happens to look suspiciously like a black person.
Can't see this one ending well.
Kneel on me


Mick
  Forum: Off Topic Chat

mullokintyre
Posted on: Sep 13 2020, 09:56 AM


Group: Member
Posts: 2,949

And on the other side, there are a few cracks appearing in the Nikola fortress.
From Zero hedge

QUOTE
For example, we have been reporting on the unfolding battle between Nikola and short seller Hindenburg Research who, last week published a scathing (nearly 100 page) report calling the company an "intricate fraud" and comparing it to Theranos.

Nikola shares fell almost 25% over the last two trading days of the week last week after founder Trevor Milton failed to reassure the market about Hindenburg's claims of fake product launches and potentially deceiving both investors - and General Motors - that followed similar reporting from Bloomberg weeks ago. Naturally, Milton has been in damage control mode since Thursday when the report was released, but instead of refuting the claims has been repeatedly attacking the messenger(s), lashing out in profanity-laden tirades on his Instagram account (see here) and promising substantial responses via Twitter which have yet to come. On Friday morning the company "responded" likely by heeding the advice of its counsel and putting out a perfunctory 5 paragraph press release despite a prior promise of a detailed debunking.

But Milton has remained active on Twitter and, in a series of Tweets last night discussing the whereabouts of the clean energy guru's own gassed up private plane (which is being actively watched by some Twitter accounts), Milton comments: "Those are employees heading to Germany for the Nikola Tre trucks.. You know, the that were not suppose to exist according to the hit job. Lol. I'm in utah / Arizona for the weekend."

This midnight scramble could be a planned response to Hindenburg pointing out that Nikola's founder had claimed the trucks were already coming off the assembly line months ago. "We have five of them coming off the assembly line right now in Ulm Germany," Milton said on a podcast back in July 2020.

Nikola President Mark Russell also said on August 4 that the Nikola Tre trucks were “coming off the end of the facility at this
point.”But Hindenburg called the company's partner, Bosch, who reportedly told them: "No they are not ready yet. I don’t know exactly the year but we’re working on it."

Perhaps in an effort to debunk Bosch's comments, Milton apparently thought it wise to post pictures of what appear to be uncompleted Nikola Tre trucks still being built in a work area that looks nothing like an assembly line.
Regardless of the answers to these questions, Milton has also failed to simply outright deny some of the boldest claims in the Hindenburg report, including the claim that the company's Nikola One Semi Truck demonstration video was a non-working semi truck that was simply pushed down a hill in the desert.

In fact, when FT followed up with Nikola President Russell, he offered a resounding "no comment":

Perhaps it was all marketing hype after all.
Who woulda thunk it!

Mick
  Forum: Investment Discussion

mullokintyre
Posted on: Sep 12 2020, 06:00 PM


Group: Member
Posts: 2,949

Puts a new meaning on the term progressive dinners.
Does anyone else remember these fund raisers from the 1960's and 970's and possibly even early 80's?
Mick
  Forum: Off Topic Chat

mullokintyre
Posted on: Sep 12 2020, 05:58 PM


Group: Member
Posts: 2,949

So, what did you learn from this?
Mick knows SFA about cricket.
Mick
  Forum: Off Topic Chat

mullokintyre
Posted on: Sep 12 2020, 01:05 PM


Group: Member
Posts: 2,949

So they caved in.
A totally unneccessary exercise that aciheved nothing, other than make themselves look like complete fools?
For the life of me I cannot see what my fellow regional cits see in these bunch of dorks.
This electorate at state level was forever a long standing NP fortress, but now thanks to the ineptitude of the NP Power Brokers, and a desire for some changes, we now have a reasonably capable female Independant member.
Federally, we were represented by an NP giant,, Black Jack Mcewan.
Protectionists for the landed gentry he was, but thats what the NP consitituents wanted.
Locally, we were represented for many years by another NP giant, Peter Ross Edwards.
Currently, DamienDrum is our local NP rep at federal level..
Nice enough sort of bloke, but is just a numbers man who goes with the flow.
Not sure if he has ever had an original thought of his own in his life.
The NP should get out of the coalition, they just don't have enough in common with the mostly city reps, nor in many respects, their electors.
Mick

  Forum: Off Topic Chat

15 Pages (Click to Jump) V   1 2 3 4 > » 

Cant find what you are looking for? Show all active topics from the last 3 months


New Posts  New Replies
No New Posts  No New Replies
Hot topic  Hot Topic (New)
No new  Hot Topic (No New)



TERMS OF USE  -  CONTACT ADMIN  -  ADVERTISING