Daily Digest

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Daily Digest 1/3 - Small-Scale Gold Mining Pollutes Indonesia, Winnipeg As Cold As Mars

Friday, January 3, 2014, 11:43 AM

Economy

As Snow Covers Northeast, New Mayor Faces His First Test (jdargis)

The storm promised to be the first test for Mr. de Blasio, who was sworn in on Wednesday. In his last job, as the city’s public advocate, Mr. de Blasio was critical of the response under Michael R. Bloomberg, his predecessor as mayor, when plows were slow to reach some neighborhoods, particularly in the boroughs outside Manhattan, after a storm in 2010.

People Bank Of China Promotes Participation In Gold Market (Taki T.)

The article goes on to quote a senior analyst from Industrial Bank Co. in Shanghai: “As bets on higher prices diminish, Chinese investors’ appetite for bullion seemed to be waning. Anecdotal evidence from retailers here also presented the same picture that sales in the second half of this year weren’t as brisk as in the first half.” Well, talking about anecdotal evidence, Bloomberg’s article was published almost at the very moment of a true gold rush in Shanghai. This article provides an overview of the facts (with a clear reference to the sources).

Winnipeg deep freeze as cold as uninhabited planet (westcoastjan)

In Winnipeg, the daytime high temperature for Tuesday was only expected to reach –31 C, but the windchill made it feel more like –40 to –50. That means exposed skin can freeze in less than five minutes.

On Monday, it got as warm as –28 C.

2013 – The Year of JPMorgan (Taki T.)

As has been the case for the past five years (since it acquired the concentrated short positions of Bear Stearns), 2013 was the year of JPMorgan in silver and gold. Everything important that transpired in silver and gold can be traced to JPMorgan, just as this bank will dictate what happens in the future. I realize I am being overly specific and that many different factors influence the price of any market; but the circumstances surrounding JPMorgan are so overwhelming as to render all those other factors combined moot when it comes to silver and gold.

Small-Scale Gold Mining Pollutes Indonesian Lands (jdargis)

“We put 15 kilograms of gold ore and water into each ball, and we use 100 grams of mercury per ball,” or 3.5 ounces for 33 pounds of ore, said David, who runs the family’s workshop. Workers then purify the nuggets using an open flame, burning off the mercury in sites among residential areas throughout the village.

"Dark Money" Funds Climate Change Denial Effort (westcoastjan)

"The climate change countermovement has had a real political and ecological impact on the failure of the world to act on global warming," Brulle said in a statement. "Like a play on Broadway, the countermovement has stars in the spotlight – often prominent contrarian scientists or conservative politicians – but behind the stars is an organizational structure of directors, script writers and producers."

Mercury Levels In Alberta Oilsands 16 Times Higher Than Normal: Environment Canada Scientists (westcoastjan)

Kirk did quantify her findings by pointing out the fact mercury loadings around the oilsands region are still lower than in heavy coal-consuming areas of North America, such as southern Ontario and Quebec.

Kirk's findings come on the heels of a study released in October that found rising traces of mercury in bird eggs downstream from the oilsands.

Alberta oilsands facing aboriginal legal onslaught in 2014 (westcoastjan)

The Fort McKay First Nation is appealing an approval of Brion Energy's plans for a 50,000-barrel-a-day operation northwest of Fort McMurray. It says the province has violated the constitution by setting up an energy regulator expressly forbidden to hear arguments based on aboriginal rights.

The Mikisew Cree and Frog Lake First Nation are before the courts arguing that Ottawa's recent amendments to the Fisheries and Navigable Waters Acts run afoul of their rights.

Saudi Arabia Ups the Ante as it Opens Up a New Pipeline (James S.)

Saudi Arabia has established a new pipeline linking the Lebanese military to its bank accounts. The kingdom has promised to pump some $3 billion of its oil revenue to fund the Lebanese military. One of the weakest in the region, Lebanon’s army is outmanned and outgunned by all its neighbors and even by local militias. Lebanon shares borders with Syria and Israel; it is highly unlikely that these weapons will be aimed at Israel. In fact, it is just as unlikely that they would be used against Syria, too.

Fukushima meltdown? Mystery steam rising over Reactor 3 (Thomas C.)

Ever since the explosion Tepco has been concerned that if the spent fuel storage pond dries out, the intensely radioactive spent fuel rods would melt down and produce further significant radioactive emissions.

One possibility is that this process may now be taking place. In the event of water loss from the pond, the water would begin to overheat and produce clouds of steam, prior to a complete meltdown. If this is the case then a second major nuclear disaster at Fukushima is in the making.

Gold & Silver

Click to read the PM Daily Market Commentary: 1/2/14

Provided daily by the Peak Prosperity Gold & Silver Group

Article suggestions for the Daily Digest can be sent to [email protected]. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the "3 Es."

4 Comments

robie robinson's picture
robie robinson
Status: Diamond Member (Offline)
Joined: Aug 25 2009
Posts: 1148
Fukushima meltdown?

Dogs? Dogsinapile? where are you?

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4066
Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
Meanwhile, at the other end of the Thermometer.

The Bureau of Meteorology's annual climate statement shows that 2013 was Australia's hottest year since records began in 1910, with the hottest spring and summer, the hottest January and September, the hottest summer day and the warmest winter day.

 

Source (Even the MSM gets the picture. They will be going for blood)

We are being burned to a crisp. High temperatures definitely do effect production. You can write off the middle four hours of the day, unless you are a cosseted Politician in an air conditioned office in Canberra, in which case you would be doing swimmingly, thank you.

We are being led by the least amongst us.

Here is the symptom of an impending Ice Age.

It is not the temperature you have got to watch. It is the accumulation of Ice. If there is ice left over from last winter at the beginning of winter then you are at the beginning an Ice Age. When the Ice is a kilometer high over Lake Michigan then you know that you are in the middle of an Ice Age. The last reports were that Lake Michigan was Ice Free.

 

 

 

KugsCheese's picture
KugsCheese
Status: Diamond Member (Offline)
Joined: Jan 2 2010
Posts: 1429
Arthur Robey
Arthur Robey wrote:

[snip]

Here is the symptom of an impending Ice Age.

It is not the temperature you have got to watch. It is the accumulation of Ice. If there is ice left over from last winter at the beginning of winter then you are at the beginning an Ice Age. When the Ice is a kilometer high over Lake Michigan then you know that you are in the middle of an Ice Age. The last reports were that Lake Michigan was Ice Free.

And here by Lake Michigan, there is ice on the lake, shipping is closed down for season, and it has been bitterly cold since late November.  

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