Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Expect Merger Euphoria To Rise On Simultaneous Rallies
By me, All IMO , Not Investment Advise I write my own articles when I can't find the ones I'm looking for.
UXG soon to be "MUX" inches closer to their merger shareholder meeting on January 19th which should inspire investor sediment and rally their stock in the days before. This will be Rally #1 which has been slowly happening now and gain strength to some degree daily as it has in the past week or so.
Rally #2 Truths about employment trends will surface in the next week causing the greenback to look not so glamorous.
If Euro Zone tensions decrease the Dollar will reverse momentum and cause Rally #3
This will cause precious metals to rise causing Rally#4
Any Development,Construction and Exploration updates or press releases like the 3rd Annual Emerging Miners CEO Conference on January 12-13, 2012, Which Rob McEwen,will serve as one of the keynote speakers during the conference will be Rally #5.
Rally # 6 will occur on January 20th when the actual merger takes place and the stock pps will rise with the combination of the 2 companies and the emergence of McEwen Mining "MUX" is born. I'm coining it "Happy Birthday MUX Day"
At this point investor sediment will be at " Significant Extreme" causing Rally #7 through Rally #27
Rally #28-50 will be 4th Q and 1 st Q2012 revenues reporting.
Rally # 51 through 99 will occur mid 2012 El Gallo coming on line
Rally # 100 will be 3Q 2012 revenues
*Rallies not necessarily in order
The merger news rally
really hasn't happened yet. Their late !
I have also noticed investors are spooked from the past couple of years of economic conditions and have problems getting the true information from their stocks with all the industry-sponsored expertise thrown it front of them.
My exuberance is brimming with MUX
When I tell people this is a $50 dollar stock in 5 years I get a numbing stare back.
I'm so convinced this is a "One of a Kind" and one of the best investments I ever made.
We are so close to production and we have waited for this season for a long time and now that it is upon us I can't believe the rally on the merger news has not been stronger. I think their late.
First inning in the first game of a long 6 month season
Patience is the key with this one
Longs have rights too!
I have a right to be long on NXOI just as you have a right to short the poop out of this.
This is just the early innings of the first game in a long 6 Month season.
Lots of games still to be won and lost.
Nobody knows the outcome So why guess trip zips unless your trying to grab a dip only to be beaten by our old friends the market makers.
I liked your magnet observations.
Talk to you after the season
After reviewing today's mailed proxy statement
I found no consolidated financial statements which tells me this company does not even own a telephone or have a desk to put that phone on.
They are in the idea stage with a select group of individuals who have invested in the idea. Proxy was a joke IMO and I will not be adding to my position until they prove to me they have a monthly telephone payment or a door to hang their sign on. I do like the idea and will not be selling.
I voted no because they did not disclose the financial's and other pertinent information.IMO
Lexar Introduces Industry-First 256GB CompactFlash Card
5 hours 19 minutes ago - GlobeNewswire via Comtex
Industry-first 256GB CompactFlash(R) (CF) card provides enormous storage capacities and impressive performance for capturing more high-definition (HD) video content and high-resolution still images -- Minimum guaranteed transfer speed of 60MB per second supports rapid transfer of content from the card to computer, and allows sustained, burst-mode shooting and extended capture of HD video, significantly accelerating workflow* -- Includes the latest version of award-winning Image Rescue(R) software to recover lost or deleted photo and video files, even if they've been erased or the card has been corrupted**
Multimedia Elements:
-- Lexar Image Gallery
-- Supporting Product Information
FREMONT, Calif., Jan. 6, 2012 (GLOBE NEWSWIRE) -- Lexar, a leading global brand of flash memory products, today announced new Lexar(R) Professional 400x CompactFlash(R) (CF) card capacities, including the industry's first 256GB memory card. Also available in 64GB and 128GB capacities, the increased capacity options provide enormous storage capabilities and impressive performance for photographers and videographers to capture large volumes of high-resolution images and high-definition video. These increased capacities also open the door for new uses in the industrial and commercial markets where higher capacity hard disk drives have previously been used. For additional information about the Lexar Professional 400x CF card, visit www.lexar.com.
The new Lexar Professional CF card capacities are speed rated at 400x and provide a minimum guaranteed transfer speed of 60MB per second, allowing professionals and advanced photo and video enthusiasts to enjoy extended capture of 1080p full-HD video and sustained, rapid-fire shooting.* When paired with UDMA 7-compatible devices, like the Lexar Professional USB 3.0 Dual-Slot Reader, the new Professional 400x CF card capacities provide rapid transfer of content from card to computer, significantly accelerating the digital workflow and enabling photographers to spend more time creating and less time waiting.
"With enhanced quality available now in the HD video format, I know just how quickly memory space can disappear! My work style is fast and spontaneous and storage capacity is a big issue for me. Having the freedom to keep shooting without having to stop to change cards helps my creative flow tremendously," said Scott Duncan, Lexar Elite Photographer. "Lexar Professional cards have always given me the large capacities I need to focus on my shooting, and the performance I require to get my footage onto my computer for editing."
All Lexar product designs undergo extensive testing in the Lexar Quality Labs to ensure performance, quality, compatibility, and reliability with more than 800 intended digital devices.
"More professional photographers and enthusiasts are embracing the fact that they can capture high-quality images and HD video with their digital SLR. As a result, they're shooting longer and longer, and need a storage solution that won't interrupt the creative process," said Manisha Sharma, director of product marketing for cards, Lexar. "The new capacities of the Lexar Professional 400x CF card empower photographers to just keep shooting, without the need to change cards or risk missing once-in-a-lifetime shots or footage."
The Lexar Professional 400x CF card includes a free copy of the latest version of award-winning Image Rescue(R) software, worth $33.99, to help recover lost or deleted photos and videos, even if they have been erased or the card has been corrupted.** Additionally, the Lexar Professional 400x CF card comes with a limited lifetime warranty and free, dedicated professional technical support. The new 64GB and 128GB capacities of the Lexar Professional 400x CF memory card will be available in January, with MSRPs of $299.99, and $469.99 respectively. Lexar is currently sampling the 256GB capacity of the Professional 400x CF memory card to commercial and industrial customers, as well as strategic imaging industry partners, to assure compatibility and reliability with current and future applications. The 256GB Lexar Professional 400x CF card is expected to be released for consumer purchase in the first half of 2012.
Follow us online!
Twitter: www.twitter.com/lexarmemory
YouTube(TM): www.youtube.com/lexarmediainc
Facebook: www.facebook.com/LexarMedia
About Lexar
Lexar is a leading global brand of Lexar Media, Inc., a subsidiary of Micron Technology, one of the largest semiconductor manufacturers worldwide. Lexar offers industry-leading products in all major flash memory categories, including USB flash drives, innovative backup drives, high-performance memory cards for photography, and all popular form factors of memory cards for mobile devices. Lexar products are available worldwide at major retail and e-tail stores, and at www.lexar.com. For more information about Lexar products, visit www.lexar.com.
Is Something Changing in the Dram Market
You can pretty much follow the DRAM end market by keeping an eye on DRAMExchange.com. And what do you see if you do so?
You see that DRAM prices are going up nicely right now, after plunging during 2011. It might thus make sense to pay some attention to the quoted suppliers, of which Micron (MU) is the most obvious one.
The stock has been having a strong performance lately, being up 11.84% in just the last week and also up 11.13% year-to-date. Micron is clearly outperforming the market in these last few days, and it is probably no coincidence, so the DRAM price climb is not going unnoticed. The stock is also not incredibly cheap, still cyclical stocks hardly ever seem cheap when the cycle is bottoming out.
DRAM is probably the most cyclical of the semiconductor end markets, and semi stocks in general are very cheap. Beyond thinking of taking positions in Micron due to the DRAM price climb, one might also need to be aware that other semiconductor segments might also find their bottoms around here....
The DRAM market is showing an upwards price swing, which might be an indication of a favorable turn in its cycle. More generally, this might also be a positive indication for semiconductors and semiconductor equipment in general........
http://seekingalpha.com/article/317696-is-something-changing-in-the-dram-market
7.04 afterhour on 344 k Fresh New Outlook
Could it be? With all due respect and I know I have not been here long and with.contrarion points of view of cautionary hedge fund vision in mind. It seems to me that their is a fresh new outlook on MU and America in general for 2012..
In the last month or so I have seen this outlook brewing bullish. To name a few there was:
Today's InsiderLab and Barron's
Yesterdays Barclays
Citigroup
Patent Board Report
Brighton Markets
Zeno Bank
Zacks
the list go on and on
This indicates a radical change in investor sentiment.
With this many bulls in the ring they are bound to break out IMO
Huge photo library, Must see
http://www.facebook.com/photo.php?fbid=145038038913552&set=pu.144409045643118&type=1&permPage=1
Tuesday, silver surged the most it has in over three years
Silver prices surged $1.66 to close at $29.57 per ounce while gold surged the most it has in over 10 weeks rising $33 to over $1600.
The dollar index has held above support at 79.50, and currently trades near 80.15 this morning.
UXG surged .36 up 10.71% to 3.72 the most it has since March.
I'm looking for an afternoon rally keeping us in the green today.
Today's updates which shows us just how close UXG is to production is great news.
Good Morning
6.75 Barclays changed its rating from equal weight to overweight also increased its price target on shares from $8 to $9
These type of upgrades will keep the momentum going .Were rolling good and it was nice to see that 6.96 HOD also making it in the top 3 of the S & P 500 says volumes "One of Americas Best" It's all behind us now "Lets Roll"
Shares of Micron Technology MU jumped 9% Tuesday after getting an upbeat review from Barclays Capital which upped the stock’s rating to overweight from equal weight. Micron was the top gainer on the S&P 500 at last check.
Micron, which makes memory chips, is seen taking a hit from the slump in personal computer sales, as a result of a weak consumer market and the impact of the Thailand flood disaster on the hard disk drive market.
But Barclays analysts said the situation is bound to change soon, arguing, “Considering extremely cheap valuation and our expectation for DRAM pricing to trough in the first quarter of 2012 and move higher into the second quarter and beyond, we expect outperformance as vision to pent-up PC demand and hard disk drive normalization develops in the second half of 2012.”
http://blogs.marketwatch.com/thetell/2012/01/03/micron-jumps-on-upgrade-sandisk-gets-hit/”
Overnights and some top stories
Mining stocks drove the positive momentum in London’s FTSE 100 index in early morning
Asia mining and metals stocks also climbed sharply
Spot gold is up to 1590 +24 5;30 AM EST
DXY down -24 at 79.95
We should open strong
This is some good reading for me today as I will be watching USG bounce like crazy
I'll end my series of gold and banking with these top stories and will concentrate more on UXG
Criminals determine gold's future
Maybe that’s what we can look forward to in 2012…an end to the corrupt governments of the United States and Europe, and a dismantling of the largest financial institutions, whose boots rest on all of our throats.
http://www.mining.com/2012/01/02/criminals-determine-golds-future/
Gold confiscation - could it become reality?
There is increasing worry that the U.S. and other governments may confiscate citizens gold holding and use them to help mitigate the global financial Crisis
http://www.mineweb.com/mineweb/view/mineweb/en/page72068?oid=142357&sn=Detail
Gold was the winner in the global market of widely traded commodities this year and is likely to be stronger than other commodities in 2012.
http://business-standard.com/india/news/commodities-gold-to-ruleroost-in-2012/460398/
"Copper may continue to struggle in early 2012 but could then move back up towards $US9000 a tonne, helped by further monetary easing."
http://www.theaustralian.com.au/business/mining-energy/iron-ore-and-copper-are-looking-solid-in-what-may-be-a-good-year-for-commodities/story-e6frg9df-1226234407450
So what really happened in 2011? In a nutshell, 2011 was a year of worry, volatility and surprises.
http://www.mining.com/2012/01/01/2011-winners-and-losers-sectors-asset-classes-commodities/
Gold is poised to complete its 11th consecutive annual gain, the longest winning streak in at least nine decades, on the brink of a bear market.http://www.todayonline.com/Business/EDC111230-0000107/Soros-sees-the-bear-behind-the-bullion
The mining sector now resembles a Civil War battlefield with a few wounded staggering around amongst the corpses, the shell holes and burnt out weaponry. It’s grim out there. Valuations are off much more than the metals that underlie the various stock stories
http://www.mining.com/2011/12/29/model-mining-portfolio-in-a-buying-mood/
Momentum is mystical, no one can truly explain where it comes from, why it manifests itself the way it does, or why it seems to come and go so suddenly - capriciously, the jilted trader who bought at the top would say.
http://www.thereformedbroker.com/2011/12/28/gold-this-is-what-an-ex-momentum-trade-looks-like/#ixzz1hwIKWTBh
“If you play that investment game, you’re almost certain to lose. And the sooner you understand that, the sooner you’ll be on your way to investing intelligently
,”http://www.mining.com/2011/12/28/the-best-investment-tip-you-will-receive-all-year-on-how-to-choose-winning-stocks-dont-try/
Whiting Equipment Canada will supply salt evaporators and potash crystallisers for Vale’s turnkey Potasio Rio Colorado (PRC) potash solution mining plant in Argentina’s Mendoza Province
http://www.im-mining.com/2012/01/03/technologies-chosen-for-the-potasio-rio-colorado-potash-solution-mining-plant-in-argentina/
Right now, we are at a period not unlike late 1976 when gold had bottomed just before taking off in a parabolic move. Gold dropped to $1,549 on December 29th slightly above its 65 week moving average as seen in the chart below and has since bounced upwards as suggested would happen by analysts such as Goldrunner who, deploying fractal analysis, wrote in his recent article
http://www.munknee.com/2011/12/gold-bounce-confirms-bull-market-intact-on-its-way-to-3000-10000/
11 charts trends that evolved in a rather disturbing manner over the last 11 years
http://www.munknee.com/2012/01/happy-new-year-11-charts-of-eleven-11-year-economic-trends-in-america-suggest-not/
Overnights and some top stories
Mining stocks drove the positive momentum in London’s FTSE 100 index in early morning
Asia mining and metals stocks also climbed sharply
Spot gold is up to 1590 +24 5;30 AM EST
DXY down -24 at 79.95
We should open strong
This is some good reading for me today as I will be watching USG bounce like crazy
I'll end the series of gold and banking with these top stories and will concentrate more on USG
Criminals determine gold's future
Maybe that’s what we can look forward to in 2012…an end to the corrupt governments of the United States and Europe, and a dismantling of the largest financial institutions, whose boots rest on all of our throats.
http://www.mining.com/2012/01/02/criminals-determine-golds-future/
Gold confiscation - could it become reality?
There is increasing worry that the U.S. and other governments may confiscate citizens gold holding and use them to help mitigate the global financial Crisis
http://www.mineweb.com/mineweb/view/mineweb/en/page72068?oid=142357&sn=Detail
Gold was the winner in the global market of widely traded commodities this year and is likely to be stronger than other commodities in 2012.
http://business-standard.com/india/news/commodities-gold-to-ruleroost-in-2012/460398/
"Copper may continue to struggle in early 2012 but could then move back up towards $US9000 a tonne, helped by further monetary easing."
http://www.theaustralian.com.au/business/mining-energy/iron-ore-and-copper-are-looking-solid-in-what-may-be-a-good-year-for-commodities/story-e6frg9df-1226234407450
So what really happened in 2011? In a nutshell, 2011 was a year of worry, volatility and surprises.
http://www.mining.com/2012/01/01/2011-winners-and-losers-sectors-asset-classes-commodities/
Gold is poised to complete its 11th consecutive annual gain, the longest winning streak in at least nine decades, on the brink of a bear market.http://www.todayonline.com/Business/EDC111230-0000107/Soros-sees-the-bear-behind-the-bullion
The mining sector now resembles a Civil War battlefield with a few wounded staggering around amongst the corpses, the shell holes and burnt out weaponry. It’s grim out there. Valuations are off much more than the metals that underlie the various stock stories
http://www.mining.com/2011/12/29/model-mining-portfolio-in-a-buying-mood/
Momentum is mystical, no one can truly explain where it comes from, why it manifests itself the way it does, or why it seems to come and go so suddenly - capriciously, the jilted trader who bought at the top would say.
http://www.thereformedbroker.com/2011/12/28/gold-this-is-what-an-ex-momentum-trade-looks-like/#ixzz1hwIKWTBh
“If you play that investment game, you’re almost certain to lose. And the sooner you understand that, the sooner you’ll be on your way to investing intelligently
,”http://www.mining.com/2011/12/28/the-best-investment-tip-you-will-receive-all-year-on-how-to-choose-winning-stocks-dont-try/
Whiting Equipment Canada will supply salt evaporators and potash crystallisers for Vale’s turnkey Potasio Rio Colorado (PRC) potash solution mining plant in Argentina’s Mendoza Province
http://www.im-mining.com/2012/01/03/technologies-chosen-for-the-potasio-rio-colorado-potash-solution-mining-plant-in-argentina/
Right now, we are at a period not unlike late 1976 when gold had bottomed just before taking off in a parabolic move. Gold dropped to $1,549 on December 29th slightly above its 65 week moving average as seen in the chart below and has since bounced upwards as suggested would happen by analysts such as Goldrunner who, deploying fractal analysis, wrote in his recent article
http://www.munknee.com/2011/12/gold-bounce-confirms-bull-market-intact-on-its-way-to-3000-10000/
11 charts trends that evolved in a rather disturbing manner over the last 11 years
http://www.munknee.com/2012/01/happy-new-year-11-charts-of-eleven-11-year-economic-trends-in-america-suggest-not/
Gold tid-bit mind twisting thought provoking
things like this get me concerned,so here goes:
If I sell a nugget of gold for $1000 Dollars that I get to spend on my own free will.
And the Feds print a $1000 Dollars on my transaction.
Then do I lose 50 percent of my purchasing power ?
Shouldn't the gold be priced much higher? like 5,000 per ounce
Are the Fedsters trying to out wit the Banksters who's trying to out wit the Investors?
Could it be really, This can't be anywhere shape or form of what's going on right
Please say I'm wrong for the love God and Country LOL
thanks for your help
Todays futures and spot prices for gold and silver in the short-term are entirely set by banker manipulation of the supply and demand for paper derivatives that often have no backing of any physical metal.
Bankers created futures markets for the explicit intent of allowing themselves to manipulate the prices of commodities and to enrich themselves, and themselves only, through the process of alternately and artificially inflating and deflating prices as would not be allowed in any type of free market. In other words, bankers invented futures markets to allow themselves to siphon off and steal money from other parties that wanted to invest in commodities with a mechanism, risk-free to them, that required deception and zero honest work and zero integrity.
Futures contracts traded on the world's largest commodity markets such as the COMEX in New York and the LBM in London allow bankers to commit reverse alchemy, turning real physical gold and real physical silver into nothing but false paper contracts and air.
Futures contracts traded in New York and London, bankers routinely defy the economic principles of supply and demand, and set short-term prices for gold and silver that literally have zero to do with the supply and demand dynamics of the physical gold and physical silver market
Bankers invented paper derivative gold and silver markets to allow themselves to literally defy and suspend every single sound economic principle that exists.
Bankers increasingly turned to the paper futures markets to manipulate and control the price of gold and silver and also served up additional bogus derivative products to the public like the GLD and SLV ETFs. Bankers knew that there was no way they could possibly control the price of gold and silver if the supply and demand determinants of physical gold and physical silver had anything to do with the price, so they conspired to fool the world into believing that the fake paper price they set was set by the supply and demand of the physical markets.
Today, short-term futures and spot prices of gold and silver have almost nothing to do with the physical supply and demand dynamics of gold and silver, as odd as that may sound. Bankers created the futures markets and paper derivatives in gold and silver to kill free markets and for the express purpose of suppressing gold and silver prices.
Henceforth the term word "Bankster" gets it's name. I am going to write a book called "Investing in the End Times" This is a fascinating article
http://www.istockanalyst.com/finance/story/5614193/did-bankers-deliberately-crash-mf-global-to-crash-gold-and-silver-prices
Think theirs any generals able to resist a cannonade of one million pesos, I have done a little mining along the Mexico border here in Arizona. The stories we heard coming across from small start up mines were startling. With claims that Federales just barge in and want to inspect the classification tables. Just grappling everywhere. I'm assuming "Justicialismo" the attitude of steering clear between capitalism and socialism is still very much alive in Argentina.
My first inclinations regarding the repatriates is mining firms were hoping that the Argentine Paso would keep devaluating which would help buffer the costs and that still may happen but lately the Argentine government keeps propping it up and with the last round of spur of the moment repatriations in everything like farming,Agriculture, Paper, Airlines and Exports on everything it seems that they are going more Marxist everyday.That is when my proletarian internationalism kicks in. LOL Go Argentina. Do What You Must, We Americans are all for democracy once that Paso gets tendered here. Plus we know gold is going to sky rocket soon I"m thinking the Paso's that are left there and the Paso's that leave there both get taxed.We must assume that the 1 to 2 million is just an estimate for Santa Cruz projects. It even gets more interesting when you kick in the Canadian dollar valuations. I think we are all at a measure of uncertainty until we find more information.
With that said "they still have dam good holes" and its' 25 % to 45% cheaper to mine there.
Thanks for helping me understand this stock. Never was much of a MN player I am here because of there Nevada properties.
Looking forward to "Ja "NAND "ary" the month Micron rolls out samples of the 128Gb device .IMO this high-density, low-cost, compute-quality 20nm NAND devices, will be one of the main driving catalysts for both Micron and Intel this month. Perfect for the start of the year in which both companies will set the tone for the year and followed up in the 2nd half of 2012 with mass production.
Subsequent Event Degree #1722 was issued by the executive branch of Argentinean government on October 25th 2011 and published in the official gazette on October 26,2011 which reestablishes the obligation for mining companies. including MSC to repatriate to Argentina all forign currency revenues obtained from mining exports.............
The Company has been advised by MSC that their preliminary estimates indicate an additional $ 2 Million in their annual pre tax operating expenses {on a 100% basis} as a result of the increased foreign exchange and bank transaction costs by the issuance of this decree
Page 228 from recent proxy mailing
The Legacy of Juan Peron
The government of Juan Perón was one of the most progressive in Latin American history in the 20th century. Here is a list of its accomplishments:
1. Taking advantage of government leniency if not outright support, trade unions were formed in every industry. 2. Social security was made universal. 3. Education was made free to all who qualified. 4. Vast low-income housing projects were created. 5. Paid vacations became standard. 6. A working student was given one paid week before every major examination. 7. All workers (including white-collar employees like bank tellers, etc.) were guaranteed free medical care and half of their vacation-trip expenses. 8. A mother-to-be received 3 paid months off prior to and after giving birth. 9. Workers recreation centers were constructed all over Argentina, including a vast resort in the lower Sierras that included 8 hotels, scores of cabins, movies, swimming pools and riding stables. This resort was available to workers for 15 days a year, at the cost of 15 cents per day, all services included.
In order to strengthen Argentina's economy, Perón created the Argentina Institute for Promotion of Exchange (AIPE), a monopoly that handled all commodity exports. Cattle, wheat, etc. were sold at a high price overseas. While not socialism, this measure was consistent with the traditional Marxist demand for a monopoly on foreign trade. Perón also bought out the local IT&T operation and the railroad and trolley system from Great Britain. He paid off Argentina's foreign debt and launched a 5-year plan in 1946 that covered everything from the woman's right to vote to shipbuilding.
By 1954 Perón had initiated more than 45 major hydroelectric projects designed to produce 2 billion kilowatt-hours of energy, 20 times the amount that was available in 1936. While in hindsight we can say that these projects had ecological drawbacks, they still represented an audacious step in the direction of making every citizen's life more fulfilling. By 1947, Argentina had launched its own iron and steel industry. It was also moving forward in coal extraction and other raw materials using the most advanced technology available at the time. It began to make farm machinery, planes and cars in modest numbers. Ship-building had expanded by 500 percent under Perón's regime.
But Perón failed to sustain these progressive changes over the long haul. All of the gains of the Perón era have disappeared as workers' lives and fortunes have gone downhill. What happened?
Basically Perón failed because his reforms were not radical enough. For example, although he raised rural wages and forced landlords to sell cheap to the AIPE, he refused to take the next step when they balked. He did not nationalize the land. Thus, the amount of land under cultivation dropped from nearly 22 million hectares in 1934-38 to just over 17 million in 1955. What you had was a producer's strike, not that much different from the kind Allende was confronted by.
His philosophy was not fascist at all, but a 'third way' called "Justicialismo" that tried to steer clear between capitalism and socialism. Although I have not made a systematic study of the ideological roots of Perónism, it appears closely related to the APRA movement launched by Haya de la Torre in Peru. Progressives associated with this movement, including Alan Garcia, have a record of caving in to imperialism. The one thing that they can do to keep imperialism at bay is impermissible: to arm the workers and expropriate the expropriators. Despite their inadequacies, the workers movement has an obligation to defend such governments under attack from imperialism.
After Perón was overthrown by the military in 1955, the ruling class took steps almost immediately to foster the development of democracy, which in reality was a fig leaf for their brutality and greed. Arturo Frondizi was groomed to take over as the first 'democratic' President.
In this venture he was backed by a millionaire ex-Communist named Rogelio Frigerio, who defined democracy as "that system where money speaks louder than principles." It was no accident that an ex-Communist would lend his energy and resources to such a project. As a Communist, Frigerio--following the party line--was for the overthrow of Perón. Now as a capitalist, he could have his cake and eat it too.
Using funds from Frigerio, Frondizi launched a magazine titled "Qué" that recruited both rightist and leftist talent. All you needed to get a job was a facile pen and hatred for the Perónist legacy.
Meanwhile, Frigerio had no trouble making pals with the military, even though his magazine was promoting 'democracy'. Paying heed to Mexico's revolutionary President Alvaro Obregón, who once said, "I do not know of a single general able to resist a cannonade of one million pesos," Frigerio got no less than two hundred generals to serve on the boards of corporations he either influenced, owned or controlled.
Once Frondizi was elected, he gave the oligarchy tax concessions and lucrative contracts, all in the interests of the kind of 'development' promoted by the likes of Walt Rostow and Brad DeLong. This went hand in hand with opening up Argentina to aggressive foreign investment. To show his sincerity, he agreed to pay American corporations $60 million for twenty-two power plants expropriated by Perón.
Although some projects were successful (joint oil exploration with Standard Oil in Patagonia), others were colossal flops. Steel production had ground to a halt. By 1962 the country was only producing 600,000 tons when it needed 3,000,000. Meat production dropped from a high of 145,000 metric tons under Perón to 87,000 by the end of 1961.
With the drop off in production, a destructive trade imbalance ensued:
Year Deficit (in millions)
1960 $237
1961 $450
1962 $640
These imbalances, in turn, caused the money supply to tighten up and inflation outran wage increases. In the period following the overthrow of Perón, wages went up 400 percent while the price of food went up 750 percent.
The economic contradictions deepened. This led to a series of workers revolts in cities like Cordoba where auto workers built barricades and fought the army and police. Due to a combination of political immaturity and sectarianism, a revolution did not occur in Argentina despite a clear desire for fundamental change.
We are fortunate to have compañeros like Nestor on these mailing lists who represent the collective memory of Argentina's working class. Now that workers in Argentina have answered the military, the comprador bourgeoisie and their friends in the United States with a general strike, we might once again see a re-emergence of the old mole revolution. This time we are pledged to strengthen the Marxist pole through all means available to us. This is the meaning of proletarian internationalism.
(This post relied heavily on information contained in the chapter on Argentina in the out-of-print "The Great Fear in Latin America" by John Gerassi. Gerassi was Latin America bureau chief of Time Magazine.)
This is getting exciting now and with El Gallo
coming online in Mexico they will have significant near term growth right after the merger.
I saw those pics on the 8-K. and I'm expecting a huge promotion roll out starting.
All of our questions are answered in today's 300 plus pages of current information provided by this fantastic company.
I am so stoked.
Combined market cap U.S.800M- No new taxes on material effects of government regulations on Minera Andes business or costs related to compliance and or permits in recent years
page 151 from today's proxy mailing
Proposed new symbol "MUX" on NYSE/TSX~
Today’s silver action is way oversold,” said “Precious Metals Investing for Dummies” author Paul Mladjenovic.
The drop is reminiscent of silver’s action in late 2008, when silver prices hit $8.85 then, about 24 months later, in December 2010 hit $30 to tally a gain of 240%, he said. “I expect to see silver do a similar rebound and stick to my forecast of a high of $60-$75 during 2012.”
What we saw last week was MU starting to set the tone for the next next month. What we are seeing now is the early investors trying to get ahead of the pack of January in which Mu will try to set it's tone for the year.
Note to Rambus: When can we expect your first payment?
Argentina Imposes new mining export tax 11/30 of 5 -10 %
http://www.elcorreo.eu.org/IMG/pdf/Argentina_Imposes_New_Mining_Export_Tax.pdf
I believe your question is building up to be answered in a big way
any day now
Argentina has seized control of the Newspapers and has implemented measures on foreign owned farm land and beefed up their already owned airlines
in the past week
DJ Argentina Foreign Currency Bank Deposits Post Weekly Rise
By Ken Parks Of DOW JONES NEWSWIRES BUENOS AIRES (Dow Jones)--Argentine banks saw their foreign currency deposits post their first weekly gain since the government implemented strict foreign exchange controls nearly two months ago in a bid to limit capital flight that was draining international reserves. Deposits rose to $13.24 billion on Dec. 16, from $13.19 billion a week earlier, according to the latest central bank data published Friday. Foreign currency deposits, the vast bulk of which are U.S. dollars, account for just under 15% of all deposits in the banking system. About $2.80 billion in foreign currency deposits left the banking system between the start of the new controls on October 31 and the week ending December 16. The government says the controls, which require the federal tax agency to approve foreign currency purchases, are aimed at tackling money laundering and tax evasion. But economists say the restrictions are intended to trim capital flight, which according to one measure tracked by the central bank surpassed $18 billion in the first nine months of the year alone. Whatever the case, the controls made a deep impression on Argentines, who pulled their dollars out of the banks, fearing that more restrictive measures were on their way. The forced conversion of dollar savings into pesos under previous governments has made Argentines understandably wary about regulations affecting their savings. Capital flight is the unintended byproduct of President Cristina Kirchner's high growth policies that have been accompanied by inflation that is widely thought to be running above 20%. Investors are betting that inflation together with the central bank's policy of only gradually allowing the peso to weaken against the dollar will prove unsustainable in the near term and require a swifter depreciation of the currency to help exporters stung by rising costs at home. But the government and the central bank have shown no signs of budging from their current exchange rate policy. The central bank spent billions of dollars in reserves to keep the exchange rate stable before and after October's general election in which Kirchner won a second term. With private sector dollar buyers sidelined, the central bank has stepped into the market in a big way in recent session. On Thursday, it bought a record $413 million. After hitting a multi-year low of $44.70 billion on Dec. 14, reserves closed at $46.27 billion on Friday. For now, it seems the authorities have the means and the willingness to make the market see things their way. -By Ken Parks, Dow Jones Newswires; 54-11-4103-6740, ken.parks@dowjones.com (END) Dow Jones Newswires December 23, 2011 15:39 ET (20:39 GMT) Copyright (c) 2011 Dow Jones & Company, Inc.- - 03 39 PM EST 12-23-11
2- New indicators added temporally to my observation list
1. The Jet Stream
Because of all the people curled up on the couch in front of the fireplace with their lap top and trading platform.
While the cold arctic Canadian air falls across our whole country
2. Some Big Dude
With a red suit black belt and long white beard yelling MERRY CHRISTMAS HAPPY HANUKKAH HAPPY HOLIDAYS TO ALL.
Go MWIP
2- New indicators added temporally to my observation list
1. The Jet Stream
Because of all the people curled up on the couch in front of the fireplace with their lap top and trading platform.
While the cold arctic Canadian air falls across our whole country
2. Some Big Dude
With a red suit black belt and long white beard yelling MERRY CHRISTMAS HAPPY HANUKKAH HAPPY HOLIDAYS TO ALL.
Go PENNY STOCK MILLIONAIRE
2- New indicators added temporally to my observation list
1. The Jet Stream
Because of all the people curled up on the couch in front of the fireplace with their lap top and trading platform.
While the cold arctic Canadian air falls across our whole country
2. Some Big Dude
With a red suit black belt and long white beard yelling MERRY CHRISTMAS HAPPY HANUKKAH HAPPY HOLIDAYS TO ALL.
Go MOMO
2- New indicators added temporally to my observation list
1. The Jet Stream
Because of all the people curled up on the couch in front of the fireplace with their lap top and trading platform.
While the cold arctic Canadian air falls across our whole country
2. Some Big Dude
With a red suit black belt and long white beard yelling MERRY CHRISTMAS HAPPY HANUKKAH HAPPY HOLIDAYS TO ALL.
Go MU
2- New indicators added temporally to my observation list
1. The Jet Stream
Because of all the people curled up on the couch in front of the fireplace with their lap top and trading platform.
While the cold arctic Canadian air falls across our whole country
2. Some Big Dude
With a red suit black belt and long white beard yelling MERRY CHRISTMAS HAPPY HANUKKAH HAPPY HOLIDAYS TO ALL.
Go CBIS
2- New indicators added temporally to my observation list
1. The Jet Stream
Because of all the people curled up on the couch in front of the fireplace with their lap top and trading platform.
While the cold arctic Canadian air falls across our whole country
2. Some Big Dude
With a red suit black belt and long white beard yelling MERRY CHRISTMAS HAPPY HANUKKAH HAPPY HOLIDAYS TO ALL.
Go UXG
MU- Mwip both big for me today
Was my day for the "Ms" I guess
I hear yeah can you believe it !!!!
Out of the blue she became my best preformer for past month or 2 or 3.
I going to say the Eight word now
Eight
soon
Fear took over at 33,000 feet and people started parachuting all over the place
The pilot was fine steering a gradual up trend all day.
It was the passengers watching some game show host on TV say: Better take a little
The plane barely made it back to port.
Is it an "Art"
or
Is it a "Culture"
or
Both
Just funning around tonight as I observe today's plane crash chart
6.48 really nice day more than I expected
Nice to see that kind of news
soon this one will roll big
Hungry for this today
Lets eat go CNOZ go
2012 play eazzzzzyyyyy
I always buy food stocks before breakfast
one to watch today
.19 last yr .15 this yr. big deal could be worse
that news out of the way.
bad news
good news
bad news
good news primed next
I sync the news cycles here