Yearly Archives: 2013

Peak Gold

"The resource sector has had a sober awakening, and now we see many companies changing their priorities from expansion to profitability, which depends on many parameters in addition to grade. As for Peak Gold, if that does indeed turn out to be behind us, the big, bulk-tonnage low-grade deposits that are falling out of favor today will become prime assets in the future. It'll either be that or go without. Times may be tough, but the story of the current gold bull cycle isn't done being written. The better companies will survive the downturn and thrive in the next chapter. Identifying these is the ongoing focus of our work." Continue reading →

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Spain’s Central Bank Seeks Minimum Wage Suspension

"Spain's central bank called for a suspension of the minimum wage in selected cases, saying a year-old overhaul of labor laws had made the economy more competitive but failed to encourage hiring. The Bank of Spain's recommendation, though not binding on the conservative government, reflects growing concern among policy makers about the country's 27% unemployment rate. Many economists have called for offering lower wages to younger workers; more than half of the job seekers under age 25 are out of work. Germany's minijobs program pays workers up to €450 per month ($592), far less than Spain's legal minimum of €645." Continue reading →

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Seattle $15/Hour Minimum Wage Being Pushed

"Washington already has the nation's highest state minimum wage at $9.19 an hour. Now, there's a push in Seattle, at least, to make it $15. That would mean fast food workers, retail clerks, baristas and other minimum wage workers would get what protesters demanded when they shut down a handful of city restaurants in May and others called for when they demonstrated nationwide in July. So far, the City Council and mayoral candidates have said they would consider it in the famously liberal city. One said, however, that it may not be soon." Continue reading →

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Bieber and entourage searched by sniffer dogs at Florida airport after drug ‘tip’

"Plain clothes officers and a dog squad swooped on the singer and his crew's luggage as they unloaded on the curb of the airport in Fort Lauderdale, Florida. TMZ reports law enforcement did not decide to randomly search the luggage but were instead responding to a tip off. According to the site: 'The reason cops searched the bags is because they received an anonymous tip someone in Justin's party had drugs in their luggage. 'Justin's bags, along with the bags of his entourage, were searched. Cops found nothing.' This is not the first time police have searched Justin and his crew." Continue reading →

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Justin Bieber: Sen. Klobuchar ‘Should Be Locked Up’ For Felony Streaming Bill [2011]

"During a radio interview, the host asked Bieber about the law, explaining how it would make streaming a felony, and his response was that Klobuchar 'should be locked up,' a point he reiterated a few times. They then go on to discuss it a bit, and Bieber talks about the importance of being able to upload and stream videos and to perform other people's songs. He talks about how people 'need the freedom' to perform songs. He also notes that it's 'awesome' when others perform his works." Continue reading →

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Welcome To Coincanna

"With crypto currency like Bitcoin & Litecoin, a grower can sell his or her strains and concentrates to a dispensary using Bitcoin or Litecoin, removing the large amounts of cash on site at the dispensary as well as the growers money is now safe on the blockchain, before they even leave the site of the trade. So this way no law enforcement encounter nor thief can take away the money involved with the grower or dispensaries trades. In the same way the dispensary can now accept Bitcoin & Litecoin from their patients for their medicine, removing the large amounts of cash from the site of the dispensary." Continue reading →

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Feds seized $2.9M in Bitcoin funds from Mt. Gox, court docs show

"The federal government sent a strong signal to Bitcoin traders earlier this year when the U.S. Department of Homeland Security seized an account belonging to Mt. Gox, the most popular exchange for people to buy and sell the crypto-currency. It was unclear at the time just how much currency the government confiscated. But a new filing in Baltimore federal court shows the feds seized $2,915,507.40 held in an account controlled by Dwolla, a third-party payment platform similar to PayPal. The funds belonged to Mutum Sigillum LLC, a U.S. subsidiary of Tokyo-based Mt. Gox. It’s unclear what will become of the funds." Continue reading →

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What The 25% Collapse In Homebuilder Stock Prices Tells Us

"The most important factor that sets the fate of the homebuilder stocks is the housing market. If the housing market has growth potential ahead, then you can bet on homebuilder stocks to provide a stunning performance to the upside. If it’s the opposite scenario, with the housing market looking shaky, then homebuilder stocks usually tank. In other words, homebuilder stocks are very fickle, but they are also a great indicator of future activity in the housing market. Since mid-May, the Dow Jones Home Construction Index has plummeted roughly 25%, and it’s in negative territory year-to-date." Continue reading →

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California adds 500,000 renters while homeownership declines amidst a boom

"The California housing market is providing us with two different pictures. First, home prices have surged and inventory is still very low. However, the homeownership rate continues to decline from the peak reached in 2006 of 60.2 percent. Since 2007 California has added a net of 500,000 renter households while losing a net of 233,000 homeowners. Yet the market continues to boom in the face of a declining homeownership rate. As we look at the market today we start seeing a slowdown in the speed in which flips are being accepted and inventory is rising. With higher interest rates and the fall season just before us, will the market thaw or continue to accelerate?" Continue reading →

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You Have To Use This Checklist When Buying A House

"There's no way to predict if housing is going up or down. So you need to get Death, Debt, or Divorce on your side. These are basically the ONLY ways you can guarantee you are getting a better deal than anyone else. If every house in an area is going for $400,000 then you want to make sure you don't pay more than $200-250,000. That's called 'good investing'. Good investing is not about predicting the future, it's about getting a deal. This is an important concept no matter what you are investing in and it's the concept everyone forgets. Don't buy a house unless you are getting a deal, even if you've convinced yourself you will living there for 30 years." Continue reading →

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