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On the road

Your humble scribe will spend the rest of this working week away from the comfortable office environment, visiting other places, meeting other people, doing other things. Posting on the blog will therefore be light.

Meanwhile, I've been on this Dylan Thomas kick recently and running a blog means that I don't need to suffer alone, so...

Poem in October
Dylan Thomas, 1944

It was my thirtieth year to heaven
     Woke to my hearing from harbour and neighbour wood
        And the mussel pooled and the heron
                Priested shore
           The morning beckon
     With water praying and call of seagull and rook
     And the knock of sailing boats on the webbed wall
           Myself to set foot
                That second
        In the still sleeping town and set forth.

        My birthday began with the water-
     Birds and the birds of the winged trees flying my name
        Above the farms and the white horses
                And I rose
            In a rainy autumn
     And walked abroad in shower of all my days
     High tide and the heron dived when I took the road
            Over the border
                And the gates
        Of the town closed as the town awoke.

        A springful of larks in a rolling
     Cloud and the roadside bushes brimming with whistling
        Blackbirds and the sun of October
            On the hill's shoulder,
     Here were fond climates and sweet singers suddenly
     Come in the morning where I wandered and listened
            To the rain wringing
                Wind blow cold
        In the wood faraway under me.

        Pale rain over the dwindling harbour
     And over the sea wet church the size of a snail
        With its horns through mist and the castle
                Brown as owls
             But all the gardens
     Of spring and summer were blooming in the tall tales
     Beyond the border and under the lark full cloud.
             There could I marvel
                My birthday
        Away but the weather turned around.

        It turned away from the blithe country
     And down the other air and the blue altered sky
        Streamed again a wonder of summer
                With apples
             Pears and red currants
     And I saw in the turning so clearly a child's
     Forgotten mornings when he walked with his mother
             Through the parables
                Of sunlight
        And the legends of the green chapels

        And the twice told fields of infancy
     That his tears burned my cheeks and his heart moved in mine.
        These were the woods the river and the sea
                Where a boy
             In the listening
     Summertime of the dead whispered the truth of his joy
     To the trees and the stones and the fish in the tide.
             And the mystery
                Sang alive
        Still in the water and singing birds.

        And there could I marvel my birthday
     Away but the weather turned around. And the true
        Joy of the long dead child sang burning
                In the sun.
             It was my thirtieth
        Year to heaven stood there then in the summer noon
        Though the town below lay leaved with October blood.
             O may my heart's truth
                Still be sung
        On this high hill in a year's turning.

About that Casey Crash Report

It's the same failed theory as always. It's peddling fear. It's not going to happen.

And as explained here on September 3rd, Casey's been peddling this very same stupidity since at least 2008, probably much longer and has been proven wrong, time and time again. Now he wants to you buy his proven incorrect economic theory for $19.95. Fool me once, shame on you, fool me twice, shame on me, fool me four hundred and sixty four times, die poor.

Just as a minor example of this dumbass's advice, if you'd swallowed his line on September 3rd you would have bought silver to protect (term used very loosely) yourself against a stock market downturn, with Doug Casey calling it "excellent value" and agreeing with the Casey Research metals expert (another one used loosely) who said at the time he was loading up on silver bullion. Chart please!

Nicely protected there.

And by the way Doug, your copywriters make factual errors, dumbass. TLT didn't hit all time highs last week. 

Chart of the day is...

...the gold/copper ratio, one year:


Fruta del Norte

Tonight's NR means Kinross ( (KGC) has closed the book on its Fruta del Norte (FDN) snafu by rescuing a little of the money it spent there. The basic need to know is that K wrote down a total of $730.1m from its little excursion into Ecuador back in 2013 and has now sold its rights to (what will be) Lundin Gold for $240m in cash and shares. A big loss yes, but a) it'll be another "blame it on Tye" moment and b) as FDN had been written down to zero tonight's announced deal means 21c/ share has just been added, as if by magic, to the K balance sheet. Current assets, too.

And 21c isn't a bad number when your share price has been knocked down to U$2.90.

As for Lundin, let's wish 'em luck. They'll need it.

Petaquilla Minerals ( news

Those of you versed in Spanish that would like to know more about what's really going on inside Petaquilla Minerals ( should click through here and read this most interesting of posts, written by an anonymous insider at the mine. 

Meanwhile, those of you who don't have enough Spanish and would like to know more about PTQ should learn some Spanish.

The Brazil election: Checking in on the IKN prediction

a) Last week IKN gave you this post on Oct 13th entitled "What happens in the Brazil second round run-off election in the next two weeks".

b) Up to and including point 6 of the 10 point roadmap, we've been prettty darned close so far.

And what is point six, you ask? Ok, here's the re-print:

6) At some point next week, maybe Tuesday 21st or Weds 22nd, the Bovespa will drop heavily as the plug is pulled on the speculative pump and profits taken by the people who read Brazil correctly, instead of relying on wishful thinking.
c) So let's see how the Bovespa is doing today, Tuesday October 21st:

C'mon, admit it, that's a good call.

So, now check point eight of that post last week.

Tuesday Tune: The Prodigy; Voodoo People

Click play and turn up the speakers, IKN guarantees it to be a decision you won't regret.

Kickass track! Silly Video! Oldskool! Run Away!

Gold Resource Corp (GORO) 3q14 production

Well, I laughed:

And that's before you notice that GORO calculates its 17,200 oz AuEq number from a 1:65 gold/silver ratio. Come on guys, tell me how that works, considering you used 1:67 in 2q14 and the ratio's gone higher since then? 

Another rule of juniors: When faced with "unexpected challenges" the joke companies will always revert to bullshitting you. They can't help it, it's the way they're founded, built and operated, they're run by liars and thieves.