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Daily Digest 4/17 - Canadian Oil And Gas Firms 'Bleeding Money,' What's Really Driving Gold

Friday, April 17, 2015, 10:41 AM

Economy

You Can't Have a Functioning Democracy Without High Quality Infrastructure (cmartenson)

All across the US, roads are buckling, electrical grids are failing and transport systems are aging.The richest country in the world is looking more and more like a developing nation each day. The situation is so bad that the American Society of Civil Engineers (ASCE) gave the US a D+ overall rating on its 2013 infrastructure report card.

The Clintonian Theory of Foreign Money (jdargis)

And yet even northern Europeans have policy priorities. So do billionaires who might otherwise be said to have everything; what donors want can be different from what, objectively, they might need. It is wrong to ignore the way a world view, or simple access, can be bought and sold. This is true of campaign finance across the board, but there is something particularly disorienting about the size and geographic scope of the Clinton operation. And it is strange, going into the 2016 Presidential campaign, that Hillary Clinton isn’t more wary of that.

Conspiracy Theorists, Bloggers Compared To ISIS During Congressional Hearing (sand_puppy)

Wahl went on to bemoan the fact that conspiracy theorists were “shaping the discussion online, on message boards, on Twitter, on social media,” before asserting that the web had become a beacon of “disinformation, false theories, people that are just trying to make a name for themselves, bloggers or whatever, that have absolutely no accountability for the truth, that are able to rile up a mass amount of people online.”

Committee Chairman Ed Royce then proceeded to accuse people on YouTube of using “raw violence” to advance conspiracy theories.

World Bank projects leave trail of misery around the globe (jdargis)

The young mother is one of thousands of Kenyans who have been forced out of their homes since the launch of a World Bank-financed forest conservation program in western Kenya’s Cherangani Hills. Human rights advocates claim government authorities have used the project as a vehicle for pushing indigenous peoples out of their ancestral forests.

What Is Really Driving Gold (Taki T.)

Before answering that question, readers should understand gold’s dual role. Fundamentally, it provides protection during times of monetary crisis. That is why a secular investor needs physical gold in its portfolio, especially as the current government debt bubble and global currency crisis unfold. However, this type of protection is only useful in exceptional times.

Gold, Silver, Yen & S&P Correlation (GE Christenson)

The amazing correlations subsequent to the August 2011 all-time high in gold are rather suspicious, and certainly support Craig Hemke’s analysis. I think the central banks watched gold hit an all-time high of nearly $2000 per ounce and they retaliated. The High Frequency Traders and other “insiders” heavily shorted gold and the yen and bought the S&P. It has almost been a “one-way” trade since then. It is amazing that the yen, gold, silver, and the inverse S&P have been so tightly correlated (over 0.95) for almost four years…

Feds change no-fly procedures to evade judicial review (Chris M.)

Initial reports reports on the revised no-fly procedures, first by Steven Aftergood of the Federation of American Scientists and then by The Intercept and Firedoglake, have focused on the obvious changes: People who challenge whether they should be barred from flying may be given vague descriptions of the allegations or evidence (if any) against them or the no-fly criteria by which it was evaluated, or unclassified summaries of classified allegations or evidence or criteria, “to the extent feasible in light of the national security and law enforcement interests at stake” as assessed internally by the administrative agencies making no-fly decisions.

Canadian oil and gas firms 'bleeding money' amidst darkest outlook in a decade (cmartenson)

Canada’s oil and gas industry is projected to report the biggest drop in profit in at least a decade starting next week as crude’s collapse pummels some of the world’s costliest producers.

“This will be a brutal quarter for earnings,” said Robert Mark, director of research at MacDougall, MacDougall & MacTier Inc. “They’re bleeding money right now.”

Oil Market Too Murky To Call Says IEA (Evan K.)

Then there’s Iran, whose production and export of its vast oil holdings has been sharply limited by sanctions imposed by the European Union and the United States over its nuclear program, which Tehran says is for peaceful purposes but others suspect is aimed at producing weapons. Iran has reached a tentative deal to restrict this program in exchange for a gradual lifting of sanctions.

Gold & Silver

Click to read the PM Daily Market Commentary: 4/16/15

Provided daily by the Peak Prosperity Gold & Silver Group

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3 Comments

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4163
sand_puppy's picture
sand_puppy
Status: Diamond Member (Offline)
Joined: Apr 13 2011
Posts: 1922
The Anthrax False Flag


reflector's picture
reflector
Status: Gold Member (Offline)
Joined: Aug 20 2011
Posts: 269
RE: The Anthrax False Flag

sp, i think you forgot to post the link:

http://www.zerohedge.com/news/2015-04-17/head-fbi%E2%80%99s-anthrax-inve...

 

 

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