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It's now 25% up since....errr...last Wednesday's news.
...Peru's monthly trade balance, 2010 to date:
You know, what with the downturn in metals prices and its ever increasing imports, you might even think that the country is starting to....oh forget it.
*more good stuff added
I meant 18%.
How silly of me.
Disclosure: Yeah I'm pumping a big long holding of mine. So what? Bite me.
...three years of the gold/copper ratio:
I'm spending more time thinking about copper than just about anything else. Gold's a sideshow right now, a noise in the background. Copper's where there's real money to be made this year.
Rio Alto (RIOM) (RIO.to): Did something happen last Wednesday that changed the market's attitude to its takeover of Sulliden Gold (SUE.to)?
Hey, do you think that maybe it was this? The Flash update sent to IKN Weekly subscribers on Wednesday June 4th:
Good Wednesday morning, this should get out just before the open, though the internet connection here is poor today so let's see how things go when i hit the send button.
By way of a very quick resume, on Monday i spent two hours with the RIO.to CEO and COO in Lima. Then unbeknown to them and anyone else, got on a plane and a couple of buses for an uninvited site trip to Cajabamba, in the Cajamarca region of Peru, to check out the Sulliden project for myself as well as discuss the project with politicos in town. I'm still in Cajabamba this morning and one meeting left in town this morning before heading out, but it's very unlikely indeed to change today's call.
I've met the people i wanted to meet in Cajabmaba and i've seen 98% of the things to see at Shahuindo without being invited on site (a near-arrest stopped me from seeing the last 2%, i'll tell you about that Sunday, all good fun though). You'll get a full report and photoshow in Sunday's edition of the Weekly, but the bottom line is that Shahuindo is in a much better political and community risk position than i'd previously assumed. I was wrong about this project and it's taken the takeover situation for me to shake down my assumptions, but now that i have and i've seen and heard the situation here, this project is one that's going to happen. A little humility is positive for the soul....and in this case the stock call too.
As a consequence, RIO.to is reinstated as a Top Pick stock however, those of you looking for a quick flip gain have to be clear that the offer situation between RIO.to and SUE.to means that the stock is likely to flatline until the deal is closed. We may get fluctuations as a function of gold price etc in the meantime, but anyone looking to buy "New RIO" has a couple of months of time to position themselves, i'd say.
Personally I'm not adding any more at this time, as i have a lot already.
UPDATE post bell: I'm sorry, did I say 8%?
I meant 12%. Lord knows why the thing decided to rally today, really don't have a clue as to.....ohhh, forget it.
...gold, monthlies (with important notes):
Yup, it's another day in which we pretend to care about utterly insignificant movements in the price of gold.
It's a sad day for a funny world
Here's the site and here's the top blurb:
The Penis WallAnd here's the gif:
This kinetic sculpture consists of 81 erectable penises that respond to either a viewer's movements or to realtime movements in the stock market.
PS: And this is Serge Gainsbourg and Brigitte Bardot singing Bonnie and Clyde, a song created in a way so far ahead of its time it's frightening.
"When you get frustrated because something isn’t the way you thought, examine your thinking, not just the thing that frustrates you. And you will see that a lot of your suffering is created by your models about how the Universe ought to be. And your inability to allow it to be. If I meet somebody that is a liar and a cheat, they are like an elm tree. They are the essence of lying and cheating. If I have a model people shouldn’t lie and cheat, then I am immediately in opposition to that person. I don’t have to play games with them. I may say “In the future, you and I can’t play together, because you are a liar and a cheat and I can’t play with you” but I at least appreciate and allow them their lyingness and cheatingness. That’s their problem, not mine. My problem was my expectations. If you have a model that everybody is good and then somebody isn’t, then you end up hating the world and being all upset about the world because it isn’t the way you expected it to be. It’s like you come here and it’s a beautiful day, so you expect the next day is going to be beautiful. Then it rains, and you are disappointed. Isn’t it funny that when it rains, you should be disappointed? To take nature and allow nature, when it’s in its natural state, to make you miserable. It says something about you. It’s like decaying and dying. If you are upset about decaying and dying, you’ve got a problem. You really do."
The video can't be embedded. so go over and watch it on the link.