Daily Digest

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Daily Digest 10/21 - Drowning In Oil Again, How To Stock A Cellar

Tuesday, October 21, 2014, 8:00 AM

Economy

Lower Gold Prices Prompt Large BRIC Purchases (Adam)

Gold at these prices is steadily flowing from West to East. What is not sustainable will not be sustained. There will be a reckoning, and a revaluation.

It would be better for the world if the would be financial engineers and central planners allow it to be gradual, rather than precipitous. Otherwise the gold leasing window will some day be slammed shut, and gold will go into a highly disruptive backwardation.

Mixed Economic Signals From China (jdargis)

But even in the jobs figures, broad disparities exist across China. Employment has grown solidly in the services sector nearly every month in the last five years, according to the purchasing managers index compiled by HSBC and Markit. By contrast, manufacturing employment, which generally expanded from 2009 through 2011, has mostly contracted since.

CDC Tightens Rules on Caring for Ebola Patients (jrf29)

U.S. health officials on Monday officially tightened guidelines for health workers treating Ebola patients, now requiring full body suits with no skin exposure and use of a respirator at all times.

Donations for Ebola Relief Are Slow to Gain Speed (jdargis)

Médecins Sans Frontières, known in the United States as Doctors Without Borders, was on the ground at that time, working to fight the disease. But the organization saw no uptick in fund-raising until late July, said Thomas Kurmann, director of development for the United States branch.

Celente explains what’s behind the recent drop in oil prices & how it’s affecting the world (Herman J.)

“The United States is the protectorate of the monarchies, so who knows what kind of foreign policy initiatives are being made.”

Drowning In Oil Again (James S.)

For 4 years now the oil price (Brent) has been range bound between $90 and $130 per barrel (Figure 2). This is where it settled after the convulsions of the $148 per barrel peak in 2008 followed by the financial crash. Recently it has dipped to around the $80 mark and although we have seen a slight recovery many analysts believe it could break lower.
With the world in turmoil, including OPEC producers Iraq and Libya ± Iran, and Russia cast out by the West, one might expect the oil price to be quite perky. But the opposite is true. This post takes a look at some of the key production indicators from OPEC, Europe, N America and Russia. But I believe one needs to look no further than Figure 1 to understand the weakness in the oil price. Rampant production in the USA, the world’s largest oil producer and importer, means that competition for supplies on the international markets is weakening. The world is once again drowning in oil.

A More Realistic Cost of Wind Energy (Wendy SD)

Levelized costs are the net present value of the total cost of new construction (including finance charges during and after construction), maintenance, and operation of a generating plant over its lifetime, expressed in dollars per unit of output, i.e. dollars/MWh. They are used to compare various generating sources to see which sources are the most cost-effective when constructing new plants.

How To: Stock A Cellar (jdargis)

Does it take mad skills? Not at all. Most of these preservation processes were created before refrigerators, candy thermometers, fancy pots and pans and high-end stoves. These are basic techniques that allowed humans to live through winter, the skills that changed us from nomadic hunter-gatherers to an agrarian culture. “None of the greatest achievements in travel, exploration,
and survival could have been possible without the increasing ability to preserve and carry food into places where none was available,” writes Sue Shephard in “Potted, Pickled and Canned: How the Art and Science of Food Preserving Changed the World.”

Gold & Silver

Click to read the PM Daily Market Commentary: 10/20/14

Provided daily by the Peak Prosperity Gold & Silver Group

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5 Comments

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
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Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
Hoverboard

Not sure how it works.Creates its own repulsive magnetic field??

Ex RT

robie robinson's picture
robie robinson
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Joined: Aug 25 2009
Posts: 1221
cmartenson's picture
cmartenson
Status: Diamond Member (Offline)
Joined: Jun 7 2007
Posts: 5975
Hoverboard?
Arthur Robey wrote:

Not sure how it works.Creates its own repulsive magnetic field??

Ex RT

From what I see it's just heavy duty magnets positioned over what I assume to be field electrified metal.  Same technology as a mag lev train.

To wit:

The big difference between a maglev train and a conventional train is that maglev trains do not have an engine -- at least not the kind of engine used to pull typical train cars along steel tracks. The engine for maglev trains is rather inconspicuous. Instead of using fossil fuels, the magnetic field created by the electrified coils in the guideway walls and the track combine to propel the train.

(Source

I figure there's going to be a bunch of disappointed kickstarters who take their 'propulsion engine' out to the driveway and find it to be heavya nd inret in equal measures.

 

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4239

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