Tears of the Moon

Sunday, November 10, 2013

Boom Bust: LME rules changes and Profiting off Privacy

From Boom Bust

Published on Nov 8, 2013

The Bureau of Labor Statistics released the October job report, surpassing analysts' low expectations, Twitter's IPO went off without a hitch, McKinsey forecasts that big banks may consolidate and Wal-Mart turns into a holiday Grinch. Erin Ade talks to Bloomberg's senior metals and mining analyst, Ken Hoffman, to discuss new warehouse rules at the London Metal Exchange and how the Chinese plenary could affect the commodities markets. Boom Bust sits down with Ladar Levison, owner and operator of Lavabit, to discuss whether profit and privacy can co-exist and the business plans for his new venture, Dark Mail Alliance. In today's Big Deal, a look at the seat JP Morgan may be warming up for NYPD Commissioner Ray Kelly.

London Million Mask March

From

Keiser Report: Net Worth Enemas & Monetizing Bulimia

From RT

Published on Nov 9, 2013

In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss net worth enemas and monetizing bulimia in an economy in which the central bank QE beatings will continue until morale improves. In the second half, Max interviews Zac Goldsmith, a Member of Parliament for Richmond Park, about the danger of boycotting democracy, which is that it is guaranteed to take you away from democracy. In response to such anti-democracy sentiments, Zac has launched an e-petition to introduce a proper Recall mechanism for MPs. They also discuss being pro-market not pro-corporatism and how it is that investment companies are hoarding rhino horns to benefit from the economics of extinction.

SD Weekly Metals & Markets

From

Saturday, November 9, 2013

Weekend Chillout - Ain't No Sunshine

Well it seems the clouds have gathered over the precious metals markets going into the weekly close, with both gold and silver down over 1.5%. Hopefully the following video will bring back some sunshine.

Two of Australia's greatest voices; mother and daughter duo Marcia and Deni Hines.

The City of London - Money and Power

* Update: One of my followers at Before it is News suggested this book as a companion read on this topic: "Empire of The City" by Edward C. Knuth published in 1946, a version in PDF form can be found here

AngloGold plans to cut 400 jobs at Ghana mine

Lower prices reduce supply, reduced supply leads to hight prices - simples

From mineweb.com

Article link

Author: Ekow Dontoh (Bloomberg)
Posted: Thursday , 03 Oct 2013

(Bloomberg) -

AngloGold Ashanti Ltd., the world’s third-largest producer of the metal, said it plans to cut 400 jobs at its Obuasi mine in Ghana by end of the year to rein in costs as the decline in the price of bullion erodes profit.

“The current cost structure is not appropriate; we are transitioning to a more mechanized operation,” Mark Morcombe, the senior vice president in charge of the mine, said in a Sept. 30 interview in the capital, Accra. “The transition is for a three-year period, which will result in more efficient operations.” Obuasi employs 4,800 people.

To combat higher costs and the retreat in the bullion price, Johannesburg-based AngloGold suspended its dividend, is cutting spending and exploration and is laying off 40 percent of the 2,000 employees in its corporate offices. The company, with 21 operations in 10 countries, reported a loss in the second quarter ended June after the metal’s price had dropped 23 percent in the period, a record quarterly decrease.

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Glenn Beck on The Wizard of Oz

I think Glenn Beck has finally lost it. Glenn does an eccentric look at the movie version of The Wizard of Oz and how it relates to current political issues in the USA. Well worth watching as entertainment if nothing else.

If you wish to read a more learned piece on the book The Wonderful Wizard of Oz there is this post from this blog's friend Hugo Salinas Price here