Still looking at that yield curve mambo chart and wiki text…
“A flat yield curve is observed when all maturities have similar yields…A flat curve sends signals of uncertainty in the economy. This mixed signal can revert back to a normal curve or could later result into an inverted curve.”
@stacy – thanks for the wikipedia link – am doing my homework now and have noted that, “the anticipation of falling interest rates will cause an inverted yield curve. Strongly inverted yield curves have historically preceded economic depressions.”
When looking at this clock it really does not matter what been borrowed this time around, as its going up so fast and the damage has been done. In for a penny in for a pound.
WOW!!!!
So Goldman Sucks was ripping off the transaction info and placing their bets before the traders’ orders even hit the market?
Good ol’ UNIX servers…
And GETCO
and Renaissance Technologies’ Medallion Hedge-Fund
are involved in this shit, too?
This story is getting juicier by the day…
I wonder how long it will take the Ass-munching Turd-tokers to catch on to this part of the saga.
And more importantly, can GS be charged with criminal activity as a result?
I was under the impression that ETF’s are treated in the same manner as regular stocks (with a Mutual Fund flavour)…
UNG has approx. 333Million Outstanding “units”
if they were to introduce another 1BILLION “units” into the market, that would mean a 3:1 dilution, which brings the price down to $4 or so…
HOWEVER, they made their application for the issuance on June 5th, and the SEC still hasn’t accepted, so perhaps it is a NON-ISSUE… i.e not a problem…
When I see a desire of a “company” to issue shares, it means they are looking for some quick funding…
Perhaps with the money they make by issuing these “creation baskets” they can then invest in gas companies, but it doesn’t mean they have the commodity in stock or on order…
it is a cash grab…
We have ETF’s in Canada, and they are “rebalanced” everyday, which is one reason they are shitty INVESTMENT vehicles… strictly for day-trading purposes only…
I don’t make claim to understand the voodoo governing the american markets (I don’t invest in them)… that is something that PHIL might be more enlightened on…
Nevertheless, I would not be putting my money in that one….
But Good luck to you… I hope you are right…
if my understanding of ETFs is correct, the proceeds of all of the new shares sold must be used to purchase the underlying commodity or futures in that commodity. That would put an upward pressure on the price of both the ETF and the underlying commodity. It is the same way that purchase of Max’s Gulag Index would support the price of the prison and taser stocks.
Ah! IPO’s the good ole mining of the markets, at least that has been my experience with most junior mining companies. They essentially allow inexperienced “executives” to live high on the hog with other peoples money, producing little results in the way of actually mining a deposit, unless that deposit of course is capitol put up by an investor!.
What dilution? Unless they engage in fraud, which I humbly acknowledge is possible, actual futures contracts will have to be purchased for all of the shares issued. It seems to me that this would put an upward pressure on the price of the futures and ung.
What dilution? Unless they engage in fraud, which I humbly acknowledge is possible, actual futures contracts will have to be purchased for all of the shares issued. It seems to be that this would put an upward pressure on the price of the futures and ung.
No, I stated 150% return. That would would put it at $30.40.
“OK, I give…. what’s going to drive the Nat. Gas price past $6 ?”
(1) It is near,or at, an all time low due to the media have been flooding their viewers with an increasing number of stories about an alleged global surplus of natural gas.
(2) There will be actual or anticipated inflation or hyperinflation due to the the effects of the “stimulus” money.
OK, I give…. what’s going to drive the Nat. Gas price past $6 ?
Demand?
Taxes?
Cap’n'Trade?
I can concede that after OCTOBER when the staged collapse happens, certain commodities will rise, but how will that reflect on UNG’s price?
Are they like a 3X bull ETF or something?
do they have some hedged contracts going on?
@guy to calls me HonkyHunter and ultra-violet Hunter
We have different crystal balls. That’s why gypsies can’t have children, BTW. From this price, I’m looking for a 150% return by February. All of the natural resource sectors will be up due to the public’s awareness of real and anticipated inflation.
Ahhh…
the cheaper one… the TSX version is like $47
nevertheless…. totally out of my price range…
and IRREGARDLESS (catch that one Bill?) it is out of my price range…
but that in consideration….
Any prices we’ve seen are not reflective of what is going with the markets right now….
it will be lucky to see $20 this year
IMHO (granted I haven’t looked at the MD&A or Candlestick Chart….)
I just don’t see any real price moves in NG (despite Faber or Rogers’ call) until post OCTOBER when the markets do their STAGED collapse or demand increases
Negative media hype has driven ung to $12.18. It was over $59.00 in our recent natural resource bubble of last summer. Might be a good way to hedge against the cost of those heating bills.
hahahaha
That’s funny you mention the crap about Natural Gas
I had one of the many 3rd part shills offering a “stable gas rate” come to my house the other day trying to lock me in for $9.95/GJ.
I then began to tell him about the market value of Natural Gas and how it has been plummeting since last year, and how the introduction of the SHALE drillers in BC are just going to increase the supply, so WHY would I want to sign up?
(if I signed up with the sharks that came around LAST YEAR I’d be paying more for my supply than I am now)
Even though the Junior Drillers are jibber-jabbering about their HEDGED contracts for this year (one in particular DEE.to announced their contract for $6.50-$8), they are all fucked come next year, especially if the market value stays where it is now (<$4)
but I guess that is the variable in question…
whether or not NG is going to trade in its current range
You mentioned Thailand, S.America and France.
I would play safe if I were you and take France.
Moving to far away foreign countries can be pretty risky.
I’ve heard the saying that in the “western world” countries, the Govt. steals your money ; in those “far away exotic places” , it is others that steal your money.
“Money” … as in the sense of your general well being !
The Capital Power IPO is an example of selling publicly owned assets to the bankers.
It is a private sector grab of public assets by Bankers and Bay Street (Canada’s Wall St) making margin on trades and floating the share issue. Capital Powers evolved from a City owned utility which was owned and operated in the publics interest. Now it will be profit seeking and likely evolve into a polluting gulag workplace shell.
It reminds me of the sale of the Natural Gas producing fields owned, for 70 years, by the same City. These were sold for a few Sheckles of profit to some private concerns. After three years the gas bills doubled and have been going up ever since.
If you are getting a UK State pension and move outside the EU, your UK Pension-”Increases” become “frozen” !
If you are getting a German State pension and move outside the EU, your German Pension is simply reduced by 30%.
I have a German friend ( OAP ) that moved to the Philipines which is how I found out about it. I checked myself with the UK Pension people … and luckily “only” the “increase” is frozen. If you return to the UK, the “freeze” gets unfrozen !
As usual, Govts. always find new ways of stealing your money !
A single stock issue in June by a company new to the TSX was the first initial public offering (IPO) since mid-2008, PricewaterhouseCoopers said Tuesday.
The $500 million IPO by Capital Power Corp. of Edmonton doesn’t show the IPOs are bouncing back, but may be one of several “hopeful signs” for the market, Ross Sinclair, leader of the consulting company’s income trust and IPO services, said in a news release.
“We’re starting to see the market regain some of its appetite,” he said. “The volumes are still very small but the Capital Power issue, along with some significant activity in secondary equity offerings and debt issues across the markets, point to a level of financing activity that has been absent for some time.”
Companies that are not publicly traded are considering IPOs, and investors, looking for better returns than the low interest rates on bonds, are becoming more open to equity issues, he said.
The Capital Power issue was sold at $23 a share and began trading on the TSX on June 26, exchange data show. It has dropped since, falling 60 cents to $21.05 Tuesday.
Capital Power, an electricity generating company spun out of Epcor, the utility owned by the city of Edmonton, was the only TSX IPO in the second quarter this year and first since the comparable period on 2008, PricewaterhouseCoopers said.
Including the TSX junior venture exchange and “other” issues, total IPOs were $514.8 million in the quarter.
There were seven TSX IPOs worth $434 million in the second quarter of 2008.
==========
Economics in the UK’s white colonies is much more glacial than the US or UK … and IPOs are no exception.
However, for all of the USes IPOs — speculation will wipe 90% of them out of existence sooner or later irregardless of weather they produce any meaningful goods or services.
==========
@Kaks – I’m not all that good at explaining bonds and yields, that will be Max but I think the wikipedia is a good explanation: http://en.wikipedia.org/wiki/Yield_curve#The_typical_shape_of_the_yield_curve In the film you can see when the yield curve becomes inverted nearly two years before the depression hit; Greenspan called it a ‘conundrum’ at the time. It’s not such a conundrum today.
@phil Historicaly dictators where chosen to handle calamities, to be returned to civilian state or be reelected after 6 months..Maybe it is time one is appointed..
“The bank has raised the possibility that there is a danger that somebody who knew how to use this program could use it to manipulate markets in unfair ways,”
-to be read between the lines… Goldman Sachs wants to keep the program to manipulating the market for themself
“Once it is out there, anybody will be able to use this, and their market share will be adversely affected.”
-please please please, force Goldman to take theire own medicine and drug them death!
“Someone stealing that code is basically stealing the way that Goldman Sachs makes money in the equity marketplace,”
Chart looks interesting, but could somebody please explain – simply – what it demonsrates? Defining a) a debt swap and b) the spread (is that interest based on perceived risk?) I don’t want this going over my head – but would really like to understand and googling for definitions is taking too much time! Am sure other visitors to site with no financial background would benefit from a word of explanation, too. Thanks.
….” I consider option players highly sophisticated speculators. Such large bets are likely being made by some large money interests who are buying out of the money options BEFORE going into the futures market. Buying long futures in large volumes will rapidly drive up the gold price but the massive open interest in the Call Options then allow access to much more futures contracts at the same price by exercising the options and then perhaps taking delivery of the gold. This is bolstered by sources revealing that JPM and GS are buying in quantity. So on the part of JPM this is likely a ploy to try to cover a chunk of their massive short position. “…
The debt trap snaps on California…If I where Schwarzenegger I’d close the port of LA and transportation until govt would step or the debt was cancelled.
Re: Cash4gold. A company on Ireland called ‘Forgottengold’ is advertising on the radio here, you send them old jewellery in return for cash. No biggy for us, but this is unprecedented for Ireland. The wider society finally waking up?
@Max
When Alex Jones asked you about Bayer putting the AIDS virus in vaccines…. heres what he was talking about– pretty damn shocking. http://www.youtube.com/watch?v=wg-52mHIjhs
I also saw this covered on the Russia Today network. So he travels to Russia to “reset relations”, and then he meets with the political opposition! hahaha. Expect trouble.
… “Mirosiichenko said his company was basically trusting people to repay the small amounts they borrowed, which has so far been up to 250 lats ($500) for between 1 and 90 days at a hefty interest rate.
He said about 200 people had taken out loans over the two months the business was in operation.”…
.
.
.
.
And what if those people are NOT religious ?
@sharon,….It’s futile explaining to folk they’ve been brainwashed, only when they admit it (become aware) they are able to see it coming.
It’s known that we are a composite of our experiences, as Max states about copyrights.
Shame there are folk out there who monopolise on the knowledge of human nature, and withhold it,.. (from the masses) to expoit them.
Afaik the audit the fed bill is still on the table, it was only rejected for a vote at this time (however disingeniously).
Even though I’m sure gold is a good way to store wealth it is discouraging that videos of dustypants goldihawks have looked and sounded the same for the last 10 years. Whatever is said, the controls are still working. As long as we buy the pretence, the emperor wears Armani. Gleeful Obama knows this..
Also gold liquidity in Holland is hampered by the fact that you have to pay ‘bar money’ if you buy, which you do not get back if you sell (about 50 euro flat fee), on top of a rate spread, another example of theft.
I must be very stupid, but that yield video, does that mean the increased yield has been imaginary (as Jim Willie speculated, driven by ofshore US banks) ?
How come no bank goes ‘rogue’ and starts behaving decently? Am still hoping sir Richard Brandson will do that..
You’re good with creating indicies – can you create some kind of shame index to name and shame all of the sick bastards who target the more vulnerable people in the world?
If the newspapers had anything worth reading shortly they could charge a subscription that locks people off there web site.
Or am I missing the point lol
@Sharon
I have never heard of “vulture funds” per se however I am familiar with the predatory practice of debt enslavement through the IMF. Hence the sale of national water supplies as was the case with Paraguay. I trust this activity can not and will not go on forever, and the people will finally say “enough is enough” and hang every son of a bitch crook, hopefully all at once.
@ Don
That YouTube video you posted of the advert for gold just about epitomises the sick state of many people’s minds. Oh great, my loved one is dying…..yipee, now I can get their gold. Depraved mentality!
@G Bagodonutti
Perhaps they (Cash4Gold) could sell it back at a break out with a 20% margin, if people had the money to buy gold! The video above is a funny parody of the situation.
regards,
Don
I’ve been thinking about that 20% premium they are paying
Then I realized that’s about the MARK-up Retail sellers of Gold charge…
So what that company is probably implying is that GOLD is going to remain in this sideways range for quite a while…
They are probably just building up their reserves, waiting for the breakout, at which point they’ll start selling their gold BACK to the people who sold it to them,
mark it up 20% on the spot price
and voila… money’s made…
I posted yesterday another interesting trend that I watch on the television (rarely watch T.V.) Cash4Gold.com has a new commercial out were they are asking for people to help them raise $200m in gold before summer’s end by sending in their gold for cash, and Cash4Gold is offering to pay %20 more! Very big push to rake in the gold. Raises many questions, why the sudden “hard push” to draw in what is left of personal wealth in the US? Fishy, no?
YES
Technical Analysis is just a Mass-Psychology Trading Instigator…
That being said,
without VOLUME (i.e. actual traders)
then it usually doesn’t work…
but when the money is flowing,
Tech. Analysis works (at least for me…)
I am not an expert on this daily trade stuff but I am learning. What I hear other economics say is that it has some value these statistics but like all statistics and X-ray pics too ; you have to learn to read them to deduct the right info from it. But often you hear these statics dudes say, “It can go either way” which is not much of a help is it. http://www.freetradingvideos.com/vlog/default.asp?category=1
@carma Isn’t all that head and shoulders babble just tarot for investors? I’m curious to know if anyone really relies on it or if it is just something that was invented to make market behaviour more predictable (due to a percentage of trades believing in it)..
Maybe Jack Straw will go down too… probably not, probably the proposed new law will only actually work on single-unemployed mothers or orphans… too bad.
Wow that is the rudest thing I’ve seen on this site….is it in my mind or were they, as they say in star wars “Aiming for the small thermal exhaust port, right below the
main port.”
Still looking at that yield curve mambo chart and wiki text…
“A flat yield curve is observed when all maturities have similar yields…A flat curve sends signals of uncertainty in the economy. This mixed signal can revert back to a normal curve or could later result into an inverted curve.”
@stacy – thanks for the wikipedia link – am doing my homework now and have noted that, “the anticipation of falling interest rates will cause an inverted yield curve. Strongly inverted yield curves have historically preceded economic depressions.”
The extra debt is irrelevant!!
When looking at this clock it really does not matter what been borrowed this time around, as its going up so fast and the damage has been done. In for a penny in for a pound.
Incredible how out of control it all has become.
http://www.usdebtclock.org
@Giuseppe
@jterror
I vaguely remember when the LSE tried “highly computerized trading” ca. a decade ago … it was stopped due to the LSE almost crashing IIRC.
I will check the average volume of NYSE stocks in the coming days to see if and where the “sudden voulme drop” occurs .. if at all !
Great links .. Thx.
@All .. great links as always ..Thx guys !
@jterror
WOW!!!!
So Goldman Sucks was ripping off the transaction info and placing their bets before the traders’ orders even hit the market?
Good ol’ UNIX servers…
And GETCO
and Renaissance Technologies’ Medallion Hedge-Fund
are involved in this shit, too?
This story is getting juicier by the day…
I wonder how long it will take the Ass-munching Turd-tokers to catch on to this part of the saga.
And more importantly, can GS be charged with criminal activity as a result?
@Freddy from oregon
Great link….as always.
This what we don’t need: Patent abuse to block competition in green car industry.. http://tinyurl.com/kryw8m
Can anyone knock out the Comex systems power supply & backup? I think that could be helpfull..
@max Maybe you could run this video in the background: The Sychelles, where bankers go to enjoy the spoils of financial warfare.. http://www.youtube.com/watch?v=TwrrBYGzc04&feature=related
http://www.youtube.com/watch?v=4tRQHsXujpo&eurl=http%3A%2F%2Fglobaleconomicanalysis%2Eblogspot%2Ecom%2F&feature=player_embedded
Demint anyone?
Last time I was at a French discotheque i heard this song http://www.youtube.com/watch?v=CxQVEkCP3iQ&feature=rec-HM-r2&fmt=22
Stacey, guys, check it:
http://irevolution.wordpress.com/2009/07/04/new-media-accuracy-and-balance-of-power-in-crises/
“Apparently, Goldman Sachs has been booted out from doing computerized quant trades at the New York Stock Exchange.
— GS had been making $100,000,000 a day with computerized trades.”
http://www.dailykos.com/storyonly/2009/7/7/750786/-Incredibly-Shrinking-Liquidity-as-Goldman-Flushed-Quant-Trading
Wow! Awesome use of pixels. This should be mandatory viewing in high school. (Yeah sure!)
@WhiteHunter
http://www.schaeffersresearch.com/commentary/trading_floor_blog.aspx?blogid=93941&single=true&c=allfeed
I was under the impression that ETF’s are treated in the same manner as regular stocks (with a Mutual Fund flavour)…
UNG has approx. 333Million Outstanding “units”
if they were to introduce another 1BILLION “units” into the market, that would mean a 3:1 dilution, which brings the price down to $4 or so…
HOWEVER, they made their application for the issuance on June 5th, and the SEC still hasn’t accepted, so perhaps it is a NON-ISSUE… i.e not a problem…
When I see a desire of a “company” to issue shares, it means they are looking for some quick funding…
Perhaps with the money they make by issuing these “creation baskets” they can then invest in gas companies, but it doesn’t mean they have the commodity in stock or on order…
it is a cash grab…
We have ETF’s in Canada, and they are “rebalanced” everyday, which is one reason they are shitty INVESTMENT vehicles… strictly for day-trading purposes only…
I don’t make claim to understand the voodoo governing the american markets (I don’t invest in them)… that is something that PHIL might be more enlightened on…
Nevertheless, I would not be putting my money in that one….
But Good luck to you… I hope you are right…
@Giuseppe Bagodonutti
if my understanding of ETFs is correct, the proceeds of all of the new shares sold must be used to purchase the underlying commodity or futures in that commodity. That would put an upward pressure on the price of both the ETF and the underlying commodity. It is the same way that purchase of Max’s Gulag Index would support the price of the prison and taser stocks.
Peoples Bank? Or Govt Bank?
http://au.biz.yahoo.com/090707/31/27b6x.html
The other great ponzi
Ah! IPO’s the good ole mining of the markets, at least that has been my experience with most junior mining companies. They essentially allow inexperienced “executives” to live high on the hog with other peoples money, producing little results in the way of actually mining a deposit, unless that deposit of course is capitol put up by an investor!.
@WhiteHunter
I might be misreading the NEWSWIRE
but I’m seeing 1Billion shares being issued….
(via 100k “creation baskets”)
(@15:33 EST… check the news, bro)
oh wait… they are suspending the issuance thereof…
pending SEC review…
PHEW!!!!
but if they go through with that, it’s going to kill the share price…
sorry for the double post
@Giuseppe Bagodonutti
What dilution? Unless they engage in fraud, which I humbly acknowledge is possible, actual futures contracts will have to be purchased for all of the shares issued. It seems to me that this would put an upward pressure on the price of the futures and ung.
@Giuseppe Bagodonutti
What dilution? Unless they engage in fraud, which I humbly acknowledge is possible, actual futures contracts will have to be purchased for all of the shares issued. It seems to be that this would put an upward pressure on the price of the futures and ung.
@Giuseppe Bagodonutti
No, I stated 150% return. That would would put it at $30.40.
“OK, I give…. what’s going to drive the Nat. Gas price past $6 ?”
(1) It is near,or at, an all time low due to the media have been flooding their viewers with an increasing number of stories about an alleged global surplus of natural gas.
(2) There will be actual or anticipated inflation or hyperinflation due to the the effects of the “stimulus” money.
(3) Guys like you are certain it will not happen.
HOLY FECAL EXCREMENT OF (insert deity of choice here)
UNG is ready to unload 1BILLION shares into the market
I’m no US stock player but that seems OBSCENE as far as share dilution goes
WOW, now that is a debt clock…
http://www.usdebtclock.org/index.html
@Clorox Hunter
150%????
$18 for UNG ???
OK, I give…. what’s going to drive the Nat. Gas price past $6 ?
Demand?
Taxes?
Cap’n'Trade?
I can concede that after OCTOBER when the staged collapse happens, certain commodities will rise, but how will that reflect on UNG’s price?
Are they like a 3X bull ETF or something?
do they have some hedged contracts going on?
@guy to calls me HonkyHunter and ultra-violet Hunter
We have different crystal balls. That’s why gypsies can’t have children, BTW. From this price, I’m looking for a 150% return by February. All of the natural resource sectors will be up due to the public’s awareness of real and anticipated inflation.
@ultra-violet Hunter
Ahhh…
the cheaper one… the TSX version is like $47
nevertheless…. totally out of my price range…
and IRREGARDLESS (catch that one Bill?) it is out of my price range…
but that in consideration….
Any prices we’ve seen are not reflective of what is going with the markets right now….
it will be lucky to see $20 this year
IMHO (granted I haven’t looked at the MD&A or Candlestick Chart….)
I just don’t see any real price moves in NG (despite Faber or Rogers’ call) until post OCTOBER when the markets do their STAGED collapse or demand increases
@Giuseppe Bagodonutti
NYSE
Negative media hype has driven ung to $12.18. It was over $59.00 in our recent natural resource bubble of last summer. Might be a good way to hedge against the cost of those heating bills.
@HonkyHunter
UNG on the TSX???
or UNG on the NYSE ??
either way it’s out of my Po’ass TRADER’s price range…
I just want to keep my water and house heated, bro…
@Giuseppe Bagodonutti
@zmoore
buy ung
Ooooo!
http://www.gold-eagle.com/editorials_00/hommel062400.html
@Bill Stewart
IRREGARDLESS is not a word…
irrespective is…
@zmoore
hahahaha
That’s funny you mention the crap about Natural Gas
I had one of the many 3rd part shills offering a “stable gas rate” come to my house the other day trying to lock me in for $9.95/GJ.
I then began to tell him about the market value of Natural Gas and how it has been plummeting since last year, and how the introduction of the SHALE drillers in BC are just going to increase the supply, so WHY would I want to sign up?
(if I signed up with the sharks that came around LAST YEAR I’d be paying more for my supply than I am now)
Even though the Junior Drillers are jibber-jabbering about their HEDGED contracts for this year (one in particular DEE.to announced their contract for $6.50-$8), they are all fucked come next year, especially if the market value stays where it is now (<$4)
but I guess that is the variable in question…
whether or not NG is going to trade in its current range
U.S. consumers fall behind on loans at record pace http://r.reuters.com/fem48c
Israeli sub said armed with nuclear-capable torpedoes navigates Suez Canal http://tinyurl.com/n7lo6d
@Sharon .. P.S.
You mentioned Thailand, S.America and France.
I would play safe if I were you and take France.
Moving to far away foreign countries can be pretty risky.
I’ve heard the saying that in the “western world” countries, the Govt. steals your money ; in those “far away exotic places” , it is others that steal your money.
“Money” … as in the sense of your general well being !
The Capital Power IPO is an example of selling publicly owned assets to the bankers.
It is a private sector grab of public assets by Bankers and Bay Street (Canada’s Wall St) making margin on trades and floating the share issue. Capital Powers evolved from a City owned utility which was owned and operated in the publics interest. Now it will be profit seeking and likely evolve into a polluting gulag workplace shell.
It reminds me of the sale of the Natural Gas producing fields owned, for 70 years, by the same City. These were sold for a few Sheckles of profit to some private concerns. After three years the gas bills doubled and have been going up ever since.
@Sharon .. “moving abroad”
Just a tip on your Pension…
If you are getting a UK State pension and move outside the EU, your UK Pension-”Increases” become “frozen” !
If you are getting a German State pension and move outside the EU, your German Pension is simply reduced by 30%.
I have a German friend ( OAP ) that moved to the Philipines which is how I found out about it. I checked myself with the UK Pension people … and luckily “only” the “increase” is frozen. If you return to the UK, the “freeze” gets unfrozen !
As usual, Govts. always find new ways of stealing your money !
There was one IPO at the TSX this year thus far:
TSX’s lone IPO this year seen as encouraging
http://www.cbc.ca/money/story/2009/07/07/pricewaterhousecoopers-tsx-new-ssues.html
A single stock issue in June by a company new to the TSX was the first initial public offering (IPO) since mid-2008, PricewaterhouseCoopers said Tuesday.
The $500 million IPO by Capital Power Corp. of Edmonton doesn’t show the IPOs are bouncing back, but may be one of several “hopeful signs” for the market, Ross Sinclair, leader of the consulting company’s income trust and IPO services, said in a news release.
“We’re starting to see the market regain some of its appetite,” he said. “The volumes are still very small but the Capital Power issue, along with some significant activity in secondary equity offerings and debt issues across the markets, point to a level of financing activity that has been absent for some time.”
Companies that are not publicly traded are considering IPOs, and investors, looking for better returns than the low interest rates on bonds, are becoming more open to equity issues, he said.
The Capital Power issue was sold at $23 a share and began trading on the TSX on June 26, exchange data show. It has dropped since, falling 60 cents to $21.05 Tuesday.
Capital Power, an electricity generating company spun out of Epcor, the utility owned by the city of Edmonton, was the only TSX IPO in the second quarter this year and first since the comparable period on 2008, PricewaterhouseCoopers said.
Including the TSX junior venture exchange and “other” issues, total IPOs were $514.8 million in the quarter.
There were seven TSX IPOs worth $434 million in the second quarter of 2008.
==========
Economics in the UK’s white colonies is much more glacial than the US or UK … and IPOs are no exception.
However, for all of the USes IPOs — speculation will wipe 90% of them out of existence sooner or later irregardless of weather they produce any meaningful goods or services.
==========
DR David Kelly WAS WRITING A BOOK!
http://www.express.co.uk/posts/view/111971/Kelly-s-book-of-secrets
Mike
@Kaks – I’m not all that good at explaining bonds and yields, that will be Max but I think the wikipedia is a good explanation: http://en.wikipedia.org/wiki/Yield_curve#The_typical_shape_of_the_yield_curve In the film you can see when the yield curve becomes inverted nearly two years before the depression hit; Greenspan called it a ‘conundrum’ at the time. It’s not such a conundrum today.
@phil Historicaly dictators where chosen to handle calamities, to be returned to civilian state or be reelected after 6 months..Maybe it is time one is appointed..
Salbuchi – On The Road to World Government – Status Report – Part 1 (Vid) http://tinyurl.com/nmmkax
Probably Won’t Hear about this on MSM
http://www.youtube.com/watch?v=r0HWpa1k-2M&feature=rec-HM-r2
Quaint video 5 minutes .. soothing music.
Certainly Interesting !!
Good summary piece Reuters: A Goldman trading scandal? http://tinyurl.com/ofws6l
Goldman Trading-Code Investment Put at Risk by Theft
http://www.bloomberg.com/apps/news?pid=20601087&sid=a_6d.tyNe1KQ
“The bank has raised the possibility that there is a danger that somebody who knew how to use this program could use it to manipulate markets in unfair ways,”
-to be read between the lines… Goldman Sachs wants to keep the program to manipulating the market for themself
“Once it is out there, anybody will be able to use this, and their market share will be adversely affected.”
-please please please, force Goldman to take theire own medicine and drug them death!
“Someone stealing that code is basically stealing the way that Goldman Sachs makes money in the equity marketplace,”
China’s Yuan No. 3 Global Currency by 2012 – BusinessWeek http://url4.eu/4Mw2
Chart looks interesting, but could somebody please explain – simply – what it demonsrates? Defining a) a debt swap and b) the spread (is that interest based on perceived risk?) I don’t want this going over my head – but would really like to understand and googling for definitions is taking too much time! Am sure other visitors to site with no financial background would benefit from a word of explanation, too. Thanks.
Gold Manipulation for Dummies: US Treasury Edition and How Goldman Learned to Stop Propping and Love the Yellow Stuff
http://www.jrdeputyaccountant.com/2009/06/gold-manipulation-for-dummies-us.html
….” I consider option players highly sophisticated speculators. Such large bets are likely being made by some large money interests who are buying out of the money options BEFORE going into the futures market. Buying long futures in large volumes will rapidly drive up the gold price but the massive open interest in the Call Options then allow access to much more futures contracts at the same price by exercising the options and then perhaps taking delivery of the gold. This is bolstered by sources revealing that JPM and GS are buying in quantity. So on the part of JPM this is likely a ploy to try to cover a chunk of their massive short position. “…
Arrest reveals technology’s role at Goldman: The arrest of Sergey Aleynikov, a former Goldman Sachs employee at .. http://tinyurl.com/ks7gga
(Tip: put title in Google & search – Click sublink – Read!)
Could E.U. Hedge Fund Plans Cause a Cold War? http://tinyurl.com/mt87p6
The debt trap snaps on California…If I where Schwarzenegger I’d close the port of LA and transportation until govt would step or the debt was cancelled.
http://online.wsj.com/article/SB124692354575702881.html
To world war or revolution
http://www.investorvillage.com/iv2/smbd.asp?mb=144&mn=26705&pt=msg&mid=7546259
A very insightful post from BidFox at the Precious Metals board at IV.
Make sure you read the whole Ron Paul statement from 2006 !
Am I alone in thinking he is one of the very few real and honest “patriots” in Congress ?
A great man IMO !
Re: Cash4gold. A company on Ireland called ‘Forgottengold’ is advertising on the radio here, you send them old jewellery in return for cash. No biggy for us, but this is unprecedented for Ireland. The wider society finally waking up?
@Max
When Alex Jones asked you about Bayer putting the AIDS virus in vaccines…. heres what he was talking about– pretty damn shocking.
http://www.youtube.com/watch?v=wg-52mHIjhs
Obama meets with Russian opposition
http://www.interfax.com/3/504433/news.aspx
I also saw this covered on the Russia Today network. So he travels to Russia to “reset relations”, and then he meets with the political opposition! hahaha. Expect trouble.
China’s Xinjiang province put under curfew
http://www.cbc.ca/world/story/2009/07/07/china-xinjiang-protests.html?ref=rss
Its very early to make assertions but I’m going to say CIA involvement. Max me ol’ chum, your on the money (or is that the edge?) again.
http://www.eyeblast.tv/public/checker.aspx?v=ydkUqG6UqG
Hey Phil,…now that is what I call a demon banker!!
@Mother Earth: do not buy in Holland, buy in Brussels, Belgium at EuroGold.
Latvian Banker Taking Souls as Collateral
http://www.cnbc.com/id/31722810
… “Mirosiichenko said his company was basically trusting people to repay the small amounts they borrowed, which has so far been up to 250 lats ($500) for between 1 and 90 days at a hefty interest rate.
He said about 200 people had taken out loans over the two months the business was in operation.”…
.
.
.
.
And what if those people are NOT religious ?
@sharon,….It’s futile explaining to folk they’ve been brainwashed, only when they admit it (become aware) they are able to see it coming.
It’s known that we are a composite of our experiences, as Max states about copyrights.
Shame there are folk out there who monopolise on the knowledge of human nature, and withhold it,.. (from the masses) to expoit them.
FANTASTICALLY SMART !!!
@YC and GB, thanks.
Afaik the audit the fed bill is still on the table, it was only rejected for a vote at this time (however disingeniously).
Even though I’m sure gold is a good way to store wealth it is discouraging that videos of dustypants goldihawks have looked and sounded the same for the last 10 years. Whatever is said, the controls are still working. As long as we buy the pretence, the emperor wears Armani. Gleeful Obama knows this..
Also gold liquidity in Holland is hampered by the fact that you have to pay ‘bar money’ if you buy, which you do not get back if you sell (about 50 euro flat fee), on top of a rate spread, another example of theft.
I must be very stupid, but that yield video, does that mean the increased yield has been imaginary (as Jim Willie speculated, driven by ofshore US banks) ?
How come no bank goes ‘rogue’ and starts behaving decently? Am still hoping sir Richard Brandson will do that..
The Goldman spy is a good dancer!
http://www.huffingtonpost.com/2009/07/07/alleged-goldman-spy-serge_n_226965.html
LOL.
@ Max, I can’t find a scandalous video, but I find this piece almost as scandalous as the land grabs that Stacy posted about recently:
Drug firms see poorer nations as sales cure:
http://online.wsj.com/article/SB124691259063602065.html
You’re good with creating indicies – can you create some kind of shame index to name and shame all of the sick bastards who target the more vulnerable people in the world?
@ Don………..we (at least many of us) are a depraved people (Americans) depraved of knowledge, wisdom, truth… ad infinitum
Not really Don, it’s the sickos that push those sort of ads as if they are OK. They’re not because they just end up normalising depravity.
try again
http://www.guardian.co.uk/commentisfree/cifamerica/2009/jul/01/richard-posner-copyright-linking-newspapers
They don’t like us all Chit Chatting, I just had to link this lol
http://www.guardian.co.uk/commentisfree/cifamerica/2009/jul/01/richard-posner-copyright-linking-newspap
If the newspapers had anything worth reading shortly they could charge a subscription that locks people off there web site.
Or am I missing the point lol
@Sharon
we (at least many of us) are a depraved people (Americans) depraved of knowledge, wisdom, truth… ad infinitum
@Sharon
I have never heard of “vulture funds” per se however I am familiar with the predatory practice of debt enslavement through the IMF. Hence the sale of national water supplies as was the case with Paraguay. I trust this activity can not and will not go on forever, and the people will finally say “enough is enough” and hang every son of a bitch crook, hopefully all at once.
@ Don
That YouTube video you posted of the advert for gold just about epitomises the sick state of many people’s minds. Oh great, my loved one is dying…..yipee, now I can get their gold. Depraved mentality!
Anyone heard of vulture funds? This really is evil!
http://www.atimes.com/atimes/Global_Economy/KG08Dj02.html
@Don
Well his adviser says so; U.S. should plan 2nd fiscal stimulus: economic adviser http://tinyurl.com/km92mm
@Youri
we are all sick here!
“I don’t want yer f@cking cash, use the cash to line yer f@cking panties” Neely
Here is the transcript for the video posted by @Phil.
http://www.russiatoday.com/Business/2009-03-27/Adrian_Douglas___All_that_glitters_is_gold.html
Personally I find the lack of attention from MSM on this subject disturbing.
So much for auditing the fed. Good article outlining interesting facts and Obamy prepares next stimulus????
http://www.infowars.com/senate-blocks-bill-to-audit-the-fed-as-government-prepares-for-second-round-of-looting/
@Don
= filter
GOLD Brad Neely http://www.youtube.com/watch?v=FD2PHHb4MSA
@youri
I have never seen the Sun’s taint before!
@G Bagodonutti
Perhaps they (Cash4Gold) could sell it back at a break out with a 20% margin, if people had the money to buy gold! The video above is a funny parody of the situation.
regards,
Don
SUNSPOTS ARE BACK! – SUBSIDING SUNSPOT http://spaceweather.com/
I can’t find that damn cash4gold add online but I found this one! This is what the US will be reduced to.
http://www.youtube.com/watch?v=aWJ4fK75vPI
@Don
I’ve been thinking about that 20% premium they are paying
Then I realized that’s about the MARK-up Retail sellers of Gold charge…
So what that company is probably implying is that GOLD is going to remain in this sideways range for quite a while…
They are probably just building up their reserves, waiting for the breakout, at which point they’ll start selling their gold BACK to the people who sold it to them,
mark it up 20% on the spot price
and voila… money’s made…
Interesting.
I posted yesterday another interesting trend that I watch on the television (rarely watch T.V.) Cash4Gold.com has a new commercial out were they are asking for people to help them raise $200m in gold before summer’s end by sending in their gold for cash, and Cash4Gold is offering to pay %20 more! Very big push to rake in the gold. Raises many questions, why the sudden “hard push” to draw in what is left of personal wealth in the US? Fishy, no?
Senate Blocks Bill To Audit The Fed As Government Prepares For Second Round Of Looting http://tinyurl.com/lz2kzz
Russia to raise new currency issue with China at G8 – Reuters http://url4.eu/4Hw6
@Mother Earth…
YES
Technical Analysis is just a Mass-Psychology Trading Instigator…
That being said,
without VOLUME (i.e. actual traders)
then it usually doesn’t work…
but when the money is flowing,
Tech. Analysis works (at least for me…)
@Mother Earth
I am not an expert on this daily trade stuff but I am learning. What I hear other economics say is that it has some value these statistics but like all statistics and X-ray pics too ; you have to learn to read them to deduct the right info from it. But often you hear these statics dudes say, “It can go either way” which is not much of a help is it. http://www.freetradingvideos.com/vlog/default.asp?category=1
@carma Isn’t all that head and shoulders babble just tarot for investors? I’m curious to know if anyone really relies on it or if it is just something that was invented to make market behaviour more predictable (due to a percentage of trades believing in it)..
See this Tony Blair, no resting place
Maybe Jack Straw will go down too… probably not, probably the proposed new law will only actually work on single-unemployed mothers or orphans… too bad.
Mega gold formations pointing to fiat collapse http://tinyurl.com/mv9t9t
Long-Term Trends Point to Gold Above $1,000 )CNBC) http://www.cnbc.com/id/31771993
A couple of short videos here :
http://www.youtube.com/watch?v=LwFObI3MVlY&feature=rec-HM-fresh+div
The US ponzi schemes are exposed and the gold scam could be bigger than the Bernie Madoff scandal!
11. März 2009
The next Video is VERY short and a buit quirky , but interesting all the same …
http://www.youtube.com/watch?v=koJ2uPYK0GU&feature=related
US MILITARY WARNS FED BANK NO MORE BAILOUTS & TRILLIONS STOLEN TO RETURN v2
12. März 2009
OCTOBER CRASH !!!!!!!!
http://www.youtube.com/watch?v=wa4sCDz0WJk
Get READY
Mike
Sorry, went over my head, nice song though.
Mike
http://usdebtclock.org/
Too bad Benny Hill left us, he should be running around chasing GS-people in high speed with the classic tune running in my ears.
Here is another good one explaining the rate of increase in national debt: http://www.youtube.com/watch?v=P5yxFtTwDcc
Or…….Not for the rookie Wookie nookie.
LOL
Wow that is the rudest thing I’ve seen on this site….is it in my mind or were they, as they say in star wars “Aiming for the small thermal exhaust port, right below the
main port.”
Got any more like that?
@M,……Great chart!!