Gold bull or bear? Pick your timeline! (Taki T.)
This week’s COT report (first chart gold’s report) provides an insight in the outlook of the precious metals. The COT report shows the futures positions of commercials and speculators. Their positions are important because those “paper markets” (COMEX and LBMA as the most significant ones) continue to dominate the price setting. Speculators include hedge funds in the “managed money” category in the reports.
Flickinger isn’t the only industry insider discussing WinCo and Walmart in the same breath. “While many supermarkets strive to keep within a few percentage points of Walmart stores’ prices, WinCo Foods often undersells the massive discount chain,” the industry publication Supermarket News explained last spring.
Economic Expansion Slows Down in Japan (jdargis)
“Corporations’ cautious attitudes was the main factor limiting growth,” Harumi Taguchi, principal economist at the research firm IHS, said in a note. Companies, he added, “remained hesitant to increase capital expenditure and continued to cut inventory in light of the slow recovery of exports and uncertainty regarding the sustainability of the economic recovery.”
“So ironic,” Les Hinton, a former publisher of The Wall Street Journal, wrote in a Twitter post last week about Mr. Bezos, that The Washington Post “should be consumed by a pioneer of the industry that almost destroyed it.”
The IEA said production from members outside OPEC was helping address supply issues in the Middle East and North Africa. Non-OPEC output should reach 55.4 million bpd by the fourth quarter of 2013 with the help of North American production. The U.S. Energy Department said domestic crude oil production reached 7.5 million bpd, the highest monthly level of production in more than 20 years.
Sharp rise in Antarctic seawater’s acidity (Arthur Robey)
“The surprise was that the change in acidity was so large, indicating that natural and human induced changes have combined to amplify ocean acidity in this region,” he said.
Photographer Captures Waves of Trash in Indonesia (westcoastjan)
Often, the only other disposal option Indonesians have is burning their trash. Incinerating waste creates equally harmful (albeit less visible) damage to the environment. According to the Global Alliance for Incinerator Alternatives, the byproducts of burned waste “produce a variety of toxic discharges to the air, water and ground that are significant sources of a range of powerful pollutants. Many of these toxins enter the food supply.”
Anchor Val Zavala visits an urban farmer in Pasadena whose family-run farm allows them to harvest enough not only to feed themselves but also to sell to local restaurants.
Gold & Silver
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