Thoughts on Markets

Thursday, August 18, 2011

DROOY - "Buy a Gun" - Super Cookies in Your Computer - Social Degeneration - Currencies - Metals Moving Again - Dow off 400+ - Mob Violence Continues World Wide


From Chuck Butler in The Daily Pfennig (pfennig@everbank.com) this morning. "And then there was this. as reported in the Wall Street Journal. "Major websites such as MSN.com and Hulu.com have been tracking people's online activities using powerful new methods that are almost impossible for computer users to detect, new research shows.

The new techniques, which are legal, reach beyond the traditional "cookie," a small file that websites routinely install on users' computers to help track their activities online. Hulu and MSN were installing files known as "supercookies," which are capable of re-creating users' profiles after people deleted regular cookies, according to researchers at Stanford University and University of California at Berkeley.
Many of the companies found to be using the new techniques say the tracking was inadvertent and they stopped it after being contacted by the researchers."" I certainly hope it has been stopped, but we do not know. Big Brother would love to have something like that to add to his arsenal of spying on American citizens, if he does not already have it.

Resource Investor:

Lessons from the Crash of 2011 
The Dow only moved double digits Tuesday, down 78 points, finally delivering the sort of quiet, somnolent, low volume day one would normally expect during the dog days of August. Last week was one of the most violent in market history and traders are bracing themselves for more. So let us take pause to analyze what we got right in the melt down, and what went horribly wrong. HERE.

Schaeffer's Research:

Opening View: DJIA Braces for Triple-Digit Drop as Morgan Stanley Cuts Global Growth Outlook

While stocks struggled to pick a direction on Wednesday, the bears have emerged in full force ahead of the bell this morning. Lingering concerns about the economic health of Europe were exacerbated by comments from economists at Morgan Stanley, who cautioned that the U.S. and the euro zone are flirting with a recession, and slashed their gross domestic product (GDP) forecasts for this year and next. On the home front, the latest batch of tech-sector earnings have failed to impress, with both JDS Uniphase (JDSU) and NetApp (NTAP) pacing the post-earnings decliners. Against this backdrop -- and ahead of another round of inflation data and the latest jobless figures -- the Dow Jones Industrial Average is headed for a triple-digit drop out of the gate. HERE. 

Mine Web:

Gold may be due 8-15% correction but demand patterns have changed - Holmes
Everyone is running to gold, says Frank Holmes: A growing world population continues to stock up on the honeyed metal. He explains where our love-hate relationship with gold is headed. HERE.

Gold rallies back toward record high
Investor unease about the lack of solutions to the European debt crisis and continued sluggish growth in the developed world helped push gold prices above $1,800. HERE.

Chavez to nationalise Venezuelan gold sector
Venezuela's President has said he plans to nationalise the country's gold industry, and will use the output from the mines to boost the country's international reserves. Also to repatriate country's gold reserves held overseas. He is endearing himself to business and nations similar to our situation in banks and autos. should we also look for a Chavezscure health program? HERE.

World Gold Council expects gold demand to shrug off Q2 dip

According to the group's quarterly demand trends report, gold buying in Asia is expected to continue to boost demand while interest in its safe haven qualities is expected to grow. Gold is becoming the money of choice - A new world reserve? HERE.



DRDGold Limited: Extension granted for publication of Blyvoor rescue plan
Thursday , 18 Aug 2011 Johannesburg, South Africa. DRDGOLD Limited (DRDGOLD; JSE: DRD; NASDAQ: DROOY) has announced that its 74%-owned subsidiary, Blyvooruitzicht Gold Mining Company Limited (Blyvoor) - currently involved in a business rescue process in terms of Chapter 6 of the Companies Act  - has been granted an extension by the Southern Gauteng High Court of South Africa (Johannesburg) until 1 November 2011 to publish a business rescue plan. One of my core holdings. HERE.



Town Hall:
Thomas Sowell
Thomas Sowell 
Social Degeneration: Part 3
The orgies of violent attacks against strangers on the streets -- in both England and the United States -- are not necessarily just passing episodes. They should be wake-up calls, warning of the continuing degeneration of Western society.
As British doctor and author Theodore Dalrymple said, long before these riots broke out, "the good are afraid of the bad and the bad are afraid of nothing."
Not only the trends over the years leading up to these riots but also the squeamish responses to them by officials -- on both sides of the Atlantic -- reveal the moral dry rot that has spread deep into Western societies. One of the newsletters today started off with "Buy a Gun." This was repeated in the opening remarks inside the newsletter. It advocated that this may well become the only means of survival as unrest spreads here in America. I would add that before you buy a gun, you learn how to handle it properly and teach your whole family including young children. Then practice until you can feel safe with it. The Lord protects his people, but still it is important not to be naive about danger. Proverbs 21:31 "The horse is prepared for the day of battle, but victory is of the Lord." Take heed! Article is HERE.

Stratfor:

The Buffer Between Mexican Cartels and the U.S. Government  
By Scott Stewart | August 18, 2011
It is summer in Juarez, and again this year we find the Vicente Carrillo Fuentes organization (VCF), also known as the Juarez cartel, under pressure and making threats. At this time in 2010, La Linea, the VCF’s enforcer arm, detonated a small improvised explosive device (IED) inside a car in Juarez and killed two federal agents, one municipal police officer and an emergency medical technician and wounded nine other people. La Linea threatened to employ a far larger IED (100 kilograms) if the FBI and the U.S. Drug Enforcement Administration (DEA) did not investigate the head of Chihuahua State Police intelligence, whom the VCF claimed was working for the Sinaloa Federation. HERE.




Miners from Scottrade:

Currencies from Kit Co:












Some Prices: DOW down 448.43 to 10957.66; S&P down 49.86 to 1144.03; NASDAQ down 115.06 to 2395.52; Gold up 34.30 to 1823.30, and Silver up 0.29 to 40.52.

Best to each, Doug






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