sell! sell! sell!

[eek.]

Nazi leader's son: 'Don't trust us' Germans

Germany could return to authoritarianism if the economic conditions were to seriously worsen in the country, the son of Hans Frank the governor general of Nazi occupied Poland during World War Two, has told BBC Hardtalk..

"As long as our economy is great, and as long as we make money everything is very democratic," said Niklas Frank, but "if we have five to 10 years heavy economic problems the swamp is a lake, and is a sea and will swallow again, everything," he added.

Niklas Frank said he "despises" his father for the crimes he committed while he was governor-general of Poland from 1939 to 1945, and tours Germany giving speeches about his father and the legacy of the Nazi era.

Hans Frank was convicted of war crimes and crimes against humanity at the Nuremberg trials and executed in 1946.

http://www.bbc.co.uk/news/world-europe-39705689

 

[tiznow]

Bought more btg today..been taking a monkey hammer to miners lately as gold itself going down barely and still holding the text 1260 breakout.. they are always super volatile and a lot of shaking out going on by the MMs

will see if s&p tops again here around 2400.. now that trump tax plan is out there.. and what is actually passed will be completely different due to fiscal realities..

 

[PatsFan1283]

I mushed the BTG like none other. Should've seen that coming from a mile away.

Someone like myself buying stock in a gold miner was a clear sign that there was a pullback coming.

Eek, you think Le Pen has any chance to win? Betting markets saying 20%.

Other guy seems like standard establishment crony clown.

 

[tiznow]

That macron guy married his school teacher.. gross lol.. amazing what's electable in this day and age.. yeah he's your proto typical status quo establishment sleasebag...

--------

atlanta fed just dropped q1 GDP to 0.2%.. consensus estimate 1.2%.. figure out tomorrow ..trump not gonna be happy since that's a figure media likes to make a big deal about..

---

wouldnt sweat btg near term timing always hard and they are super volatile.. I don't see how gold can lose from here.. even if trump gets his way with massive tax cuts and market soars more.. deficits will skyrocket and fiscal irresponsibility will continue which is good for gold..

 

[eek.]

you think Le Pen has any chance to win? Betting markets saying 20%

French elections have amazingly high turnouts, 80% at times, and can be amazingly volatile.
They all vote socialist... then the next time they all vote Republican.... kinda thing, it can be pretty wild

My guess is she will do quite well but absolutely everyone who doesn't want her from the left and the right will vote to keep her out so the other guy is a done deal

 

[mickj]

Bought more btg today..been taking a monkey hammer to miners lately as gold itself going down barely and still holding the text 1260 breakout.. they are always super volatile and a lot of shaking out going on by the MMs

You mentioned PPP earlier. I guess you don't like them now?

 

[tiznow]

You mentioned PPP earlier. I guess you don't like them now?

Nope I took a bit of a bath on that one.. the bad management in miner land issues..

 

[mickj]

I picked up a few shares in a spinoff. You wouldn't buy even at the current price?

 

[tiznow]

I picked up a few shares in a spinoff. You wouldn't buy even at the current price?

https://www.google.com/amp/s/seekin...rimero-mining-mine-strike-spells-doom-company

good recap of issues

first big problem was the tax issue.. than came the strike shutting down their biggest mine.. if they can get it figured out it will shoot back up big time.. who knows how it will shake out.. gamble if desired..

both the company and I learned that Mexico not a great place to mine for gold ha.. as on paper it seems good as it's a stable country etc.. that's always a risk with miners local governments/country etc..

 

[tiznow]

Also the reason I like ppp in past was management wise the Conway guy grew iamgold from a small fry to bigger producer and was expecting similar at ppp.. didn't shake out and he left when he saw writing on wall in Jan 2016..

Gold miner land is a literal mine field .. why I've said recently other than btg.. if u want miners get a basket with gdxj or gdx.. and/or just buy gold itself

 

[tiznow]

Budget deal status quo as usual..

everybody on the left/right gets to spend on all the various interests/pet projects they like.. debt and deficits sore.. same ol one party system of liberal goverenmwt now majority controlled by "conservatives"

where are all all the conservatives now whining about debt ceilings? Massive hypocritics.. at least liberals do what they stand for economically.. conservatives don't and the reason we are screwed long term.. no balance to liberalism economically for many decades now..

 

[mickj]

thanks for info

 

[tiznow]

Pushing up against the edge for all my various short term bets (short stocks long gold).. a lot in cash + some looonng term longs..

1260 gold breached a tad but not much yet. And s&p trying to get back to 2400

vix sub 10 today for first time since 2007..

its a bubble just a ? Of this the top very soon or bit further push before the bust..

tesla amazon etc pushing higher..

 

[tiznow]

Actually looks like primero might be ready for turnaround... I really hadn't looked at it for a while.. just had stale taste from still holding a small position that is very underwater.. reported today and profitable up 10%..

If gold don't bounce soon cutting some positions..

trump may get a 2400+ rally too getting a health care win as well even though senate a different story.. these tops are excruciatingly painful for bears like me ha..

-------------

[h=1]Primero to Resume Operations at San Dimas[/h]
04/13/2017
Download this Press Release (PDF 114 KB)
TORONTO, ON --(Marketwired - April 13, 2017) -
(Please note that all dollar amounts in this news release are expressed in U.S. dollars unless otherwise indicated.)
Primero Mining Corp. ("Primero" or the "Company") (TSX: P)(NYSE: PPP) announced today that it has successfully resolved the work stoppage of unionized employees that began on February 15, 2017. Operations are expected to resume at Primero's San Dimas mine in Mexicoon Tuesday, April 18, 2017.
The Company is also pleased to announce that it has a new Collective Bargaining Agreement ("CBA") with the National Union of Mine, Metal, Steel and Allied Workers of the Mexican Republic(Sindicato Nacional de Trabajadores Mineros, Metalúrgicos, Siderúrgicos y Similares de la República Mexicana). The agreement provides a formal structure for regulating all aspects of the relationship between Company and its unionized employees. The Company considers the new CBA to be both fair and equitable to all parties, and provides Primero with a competitive cost structure aligned to the future success of San Dimas operations.
Highlights:

• New CBA Structure to Benefit All Parties: The new CBA includes adjustments that benefit both the Company and its unionized employees, including an increase in base salary and a re-alignment of short-term bonus structures. The CBA will be subject to future review in 2019.
• More Continuous Mine Shifts to Improve Productivity: Significant productivity gains are expected with the underground operation transitioning to two, 10.5 hour shifts per day, and continuous 7 days per week operations. The productivity improvements will be gained by eliminating a daily shift change, from three per day to two, adding nearly 80 operating days per year and reducing total time lost by commuting to and from the working faces. This will be coupled with significant improvements expected to be gained through greater alignment with the Company's objectives in the new bonus structure for the underground workers.
• Phased Restart to Commence: Primero's goal in 2017 is to reduce the scale and complexity of the San Dimas operation in order to increase productivity and return the mine to positive cash flow. Work is expected to resume on Tuesday, April 18, 2017, and the Company will implement a phased restart of operations.

"We are very pleased to have negotiated amendments to the San Dimas CBA that will benefit our workforce, the Company and the community by improving the long-term sustainability of the mine," stated
Joseph F. Conway, Interim President and Chief Executive Officer. "We remained steadfast in our commitment to respecting our workforce while improving productivity and reducing costs. We believe that the new bonus structure combined with a more continuous work roster will allow for significant cost reductions at the San Dimasmine."New CBA Structure to Benefit All Parties, Including Re-Aligned Bonus Structure
The new CBA includes adjustments to base salaries and short-term production bonuses to the benefit of both Primero and all unionized employees. Unionized employees will receive an increase in their base salaries of 7.5% in Mexican Pesos, consistent with recent increases in the Mexican mining industry. The new production bonus structure for mine workers is better aligned with key performance indicators such as ounces produced, development metres achieved and employee absenteeism. For mill workers, the short-term bonus is based on compliance to plan with a weighting for gold and silver ounces produced according to Primero's revenue.
Primero does not expect to see a reduction in individual worker compensation, and workers could see increases to individual pay provided that plans are achieved or exceeded and Company performance improves. The CBA will be subject to future review in 2019.
More Continuous Mine Shifts Will Lead to Improved Productivity
The San Dimas mine historically operated on a shift structure with three, 8 hour shifts per day, and 5.5 days per week. All underground miner workers will now transition to two, 10.5 hour shifts per day, and continuous 7 days per week operations. With the more continuous operations the Company will gain nearly 80 effective operating days per year. All underground workers will now operate on a 4 days on, 2 days off work roster.
As the San Dimas mine expanded and higher-grade veins were brought into production located further away from the mill and mine portals, the commute times to and from the working faces have increased. This has led to a reduction in per-shift productivity as a result of increased transportation time. By eliminating a daily shift change, from three per day to two, the mine will gain productivity improvements from reduced commuting time lost.
Phased Restart to Commence
Primero's goal in 2017 is to reduce the scale and complexity of the San Dimas operation in order to increase productivity and return the mine to positive cash flow. To this end, the total workforce at San Dimas has been reduced by 17% since December 2016, which includes 238 contractors, 48 unionized employees, and 68 non-unionized employees. The Company will continue to explore opportunities to make further reductions to the workforce.
Onsite work is expected to resume on Tuesday, April 18, 2017, and Primero will implement a phased restart of the San Dimas operations with a focus on achieving productivity gains in highest priority areas first.
About Primero
Primero Mining Corp. is a Canadian-based precious metals producer that owns 100% of the San Dimas gold-silver mine and the Cerro del Gallo gold-silver-copper development project in Mexico and 100% of the Black Fox mine and adjoining properties in the Township of Black River‐Matheson near Timmins, Ontario, Canada. Primero offers immediate exposure to un-hedged, below average cash cost gold production with a substantial resource base in politically stable jurisdictions. The Company is focused on becoming a leading intermediate gold producer by building a portfolio of high quality, low cost precious metals assets in the Americas.

 

[eek.]

Things will go quiet now, sell in May and go away
August/September before anything will happen at all

The rich are all away for the summer, enjoying their ill gotten gains

 

[tiznow]

Maybe this is finally it for the latest bubble.. starting to give way at 2400 on s&p again..

good call on bitcoin eekster.. I just have a hard time grasping it with no intrinsic value so just watching with interest.. too bad I can't go back in time and mine Bitcoin in the early days lol..

as far as crytocurrencies go.. ethereum/ether intrigues me more as it has a functionality to it.. Microsoft and others already getting on board..

bitcoin is just digits and its supply is limited (fixed at 21 million) and right now everybody piling in.. supply will never increase and demand keeps going up for now so it's booming..

anywho interesting times ahead..

 

[PatsFan1283]

Snap starting to fade. Tesla still at all time highs. Know someone who got a big company to invest in a fantasy sports app and the $ they paid him was absurd.

Bubbles just insane at the end.

Got a little more btg at 2.30 as were going to "prime the pump" in trumps words.

 

[tiznow]

Yeah snap got copycatted by facebook.. the established player taking down the new kid on the block they tried to buyout.. snap was clear bubble offering near peak.. don't see how they manage through it as it's seem very hard to monetize that platform.. people don't like the pop up ad stuff.. I was totally wrong about Facebook (probably cause I hate it and don't use it) they managed to monetize it very well

Twitter has had the same issue with monetization although I'm thinking they may be worth an investment once the current bubble burts.. mark Cuban recently bought some Twitter as an AI play..

market just wont give keeps clawing back...

 

[PatsFan1283]

Atlanta fed already revising down Q2 GDP from 4.3% to 3.6%, Probably be .8% by the time they get done, just like Q1.

Not sure how fed can keep raising rates if they are "data dependent" but seems like they will just to allow themselves to cut further in the future.

 

[tiznow]

Yeah just wiggle room for when this bubble bursts..

as always fed is late to jump in to pop the bubbles they helped create.. because the banksters make huge bucks off the volatility.. slow sustainable growth is boring/not as profitable for the elite..previous boom cycles peaked soon after/during fed tightening cycles..