IKN

Thy sin’s not accidental

News roundup (keeping you slathered in ketchup and mayonnaise since 2008)

“There shall in that time be rumours of things going astray, erm, and there shall be a great confusion as to where things really are, and nobody will really know where lieth those little things with the sort of raffia-work base, that has an attachment. At that time, a friend shall lose his friend’s hammer, and the young shall not know where lieth the things possessed by their fathers that their fathers put there only just the night before, about eight O’Clock.”

Bulls make money, bears make money, dumbasses who chase after stupid-assed rumours get their asses slaughtered (and did i mention ‘ass’?). Click here for very good Bloomie article on how short selling all the market buyout rumours in 2010 would have made you a cool 14% annualized return on all trades.

Colombia coffee production up 14% YoY. Later on we’ll show you why this apparently good number is in fact a crock. Please be watching this space thank you.
Gold looked perky this morning but has fallen back a touch. And as usual Jon was right. If you follow the Au mkt you need to read ‘gold this morning’ every weekday.
Another good reason to be a regular BiiWii reader is Gary’s coverage of the Gold/Silver Ratio (GSR). Another installment today.

Inventories? We don’t need no stinkin’ inventories.
Colombian farmers sue BP because they’re crap about protecting the environment and stuff. Now where have I heard something like this before?

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