David Goguen: Four Latin American Junior Takeover Targets Identified

Junior gold explorers are in a predicament; despite record gold bullion prices, stock valuations are suffering. Many of them, even those on the heels of exciting discoveries, are faced with either rounding up the cash and teams needed to build out mines themselves or turning the projects over to companies with the money . . . → Read More: David Goguen: Four Latin American Junior Takeover Targets Identified

Negative Lease Rates

Very good two page analysis of negative lease rates by Pollitt & Co’s John Paul Koning, including central bank activity in this market. Quote:

What sort of “non-banks” might be supplying leased gold to the market-making banks at these extremely negative rates? As we already pointed out, central banks seem willing to lend only . . . → Read More: Negative Lease Rates

Scott Adams on the Flat Tax

There’s a lot to comment on here:

I think most people like the idea of a simpler tax code. No argument there. But I’ve never met a person who would volunteer to pay higher taxes in exchange for simplicity.

I don’t know if most would actually pay higher taxes. Sure, direct taxes might increase . . . → Read More: Scott Adams on the Flat Tax

Economic Events on November 1, 2011

The figures for motor vehicle sales in October will be released today.  The consensus estimate is that 13.2 million autos were sold last month, which would be 100,000 more than the previous month.

At 7:45 AM EDT, the weekly ICSC-Goldman Store Sales report will be released, giving an update on the health of the . . . → Read More: Economic Events on November 1, 2011