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Silver Wheaton Corp. Message Board

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  • yourdeadmeat69 yourdeadmeat69 Jan 8, 2013 3:54 AM Flag

    7-11 Jan Economic Calendar: 1st Rule of Fight Club Meets Real Economy

    Barrick lost a battle on an obscure copper and gold mining right issue in a Pakistani court, but you could tell by the selloff in SLW somebody thought SLW might be involved. It's a stretch, but if the issues about Pascuatootiefrutie and Barrick's lack of legal interest were vaguely true, every back up or new Barrick facility would be hard pressed to make up the difference promised by a possible defunct Pascuatootiefrutie. Are you following my paranoia? It's tough to lose a backup facility, even a fictitious one. It's a stretch, but there you go--any blood being lost from ABX's turnip is not good for SLW.

    With the rockbottom mortgage interest, today's MBA number has some traction, I know Dec was disappointing for refi's. Nobody has to move in winter to refi a loan. We're running out of highly qualified owners. I have a 780 score and I got an awful bodily cavity search for a loan--if it were a car, it would have been a few scratches on a sheet of paper, and that car is a traditionally declining asset. Same with leasing a car, less hassle than buying chewing gum.

    Claims the end of the week is where eyes are focused, and goldilocks is required. I suspect we get numbers that imply we have retained any of the alleged XMAS hire-and that takes some interpolation because of the holidays-we're stuck with the end of stimulatum making the headlines, and the looming fiscal cuts, which really, once we got our semi Bush tax rates, are in the who cares camp from a market persective (unless you're a Defense Industry).

    Which by the way got the go ahead to plan for sequestration, over 9 months not 12, a larger impact. Remember I said--if it wasn't in the planning, it should be, and last week it wasn't.

    Ooops. What WILL the impact of "government refuses to borrow and spend" after "government refused to tax and spend" be?

    TTFN

    • Silver up 1/2%PM for absolutely no reason whatsoever. Earnings start this evening with AA, that albatross around the market's neck. Unless auto sales start to reflect the aluminum content, the market will flounder. Already the next new thing seems to be steel reinforced carbon fiber, dropping in cost 60%. Like Gilda Radner wrote "There's always something".
      It's far from around the corner however.

      An article I read perversely notes higher taxes has accompanied steller market growth almost as a mantra, except for key years in Bernankie;s favorite Depression. The article cites people look "harder" for money making investments. No, they just throw money at the market hoping it sticks, and if in enough quantities, it's self fulfilling.

      The article ignores paper currency devaluation masquerading as "growth", and the fledgling corporations protecting profit by investing in the only cash cow in the real world, deductable salaried employees.

      Our payroll tax is deductible? Obamacare a deduction? Some.

      Enouugh to get us to 6.5% by end of 2015? Really?

 
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20.32+0.37(+1.85%)Dec 26 4:02 PMEST

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