What the Frig?
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I have to thank my Massachoo friend, E8, a.k.a. “Teahouse on the Tracks” for giving me this easy throwaway header.
But let that not distract from the niceness of this junior miner in the full Lawn Guylandesque sense of the term. Fronteer Development Group Inc. (USA) [[FRG]] is no doubt “BTFO” as we say around here, and the daily tells us so:
With that kind of lift off on volume like we had Friday, you can expect further action as follow through, but if I’m youse (sic), I’m gonna wait and let it flag some. Why? Well, the weekly should be an indication:
As you can see, there’s a secondary consolidation zone that we’ve just broken into. I think that means we’ll see a little bit more consoliadation here, and maybe even a pullback to the original breakout line at $4.85 or so.
When we’ve dealt with this little dollar eruption in the next couple of days to a week, I think FRG will resume it’s heading back over the $5.60 mark, where it should have clear sailing well into the $8-9.00 range.
Keep in mind we should have some pullback on our favorite miners here, so keep your eyes open. I will be looking to grab more Silver Wheaton Corp. (USA) [[SLW]] , [[EXK]] , Allied Nevada Gold Corp. [[ANV]] and Eldorado Gold Corporation (USA) [[EGO]] in a rigidly opportunistic fashion, like Frank Sinatra on Rookie Cocktail Waitress Night at the Sands.
[[PAL]] and [[PTM]] remain strong relative to gold and even silver. These laggards need to catch up.
Keep in mind also that the 13-week EMA’s for Cree, Inc. [[CREE]] and Veeco Instruments Inc. [[VECO]] of which I spoke a few posts back, should be looming into view this week as well. This is not an opportunity to ignore.
May all your bastards be glorious, and I hope to speak to you tomorrow sometime.
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So are PAL and PTM laggards or relatively strong? Sorry, I’m confused by the wording.
Sorry about that. I meant that they have been laggards, but are now catching up, much like silver.
PAL did not get much of the recent Autumn rise in the PM’s, but has recently really strengthened, for example.
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I just found this on the Reason site…. not appropos of anything, but funny nonetheless:
From the guy who played Cliff Claven on Cheers (and Pig in Toy Story):
…. but here’s some more from John Ratzenberger’s remarks at Brown rally earlier:
This isn’t the Democratic party of our fathers and grandfathers. This is the party of Woodstock hippies. I was at Woodstock — I built the stage. And when everything fell apart, and people were fighting for peanut-butter sandwiches, it was the National Guard who came in and saved the same people who were protesting them. So when Hillary Clinton a few years ago wanted to build a Woodstock memorial, I said it should be a statue of a National Guardsman feeding a crying hippie.”
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I like Douglas Coupland’s euphemism ‘bleeding ponytails’ to describe today’s leftovers of the aforementioned hippies
Nice quote ! And very treu…
btw, John Ratzenberger voiced a character in (I believe) every Pixar movie out there. Mac in Cars, The Underminer in The Incredibles, the head flea in A Bug’s Life, etc… He’s quite versatile 🙂
I had read that somewhere… apparently the Pixar folks are very loyal. My kids live for their movies, and I always thought The Incredibles was a great one… even for adults.
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The Incredibles – greatest animated movie of all time.
Discuss.
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Agreud. Maybe only Bird’s previous work — The Iron Giant can compare for theme, story line, etc., but animation wise, the I’s have it.
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ALL of the Pixar movies are great for Adults. I think they are making some of the best movies out there these days. We own a bunch of them and can watch them over and over again. My favorite is The Incredibles, but really like them all. Toy Story 3 coming out this year, should be great.
I guess if anybody can pull off a good 2nd sequel, it’s Pixar. But history is against them.
Pixar can do no wrong it seems. Heck, I even love Cars which didn’t get the critical acclaim that their others received.
The Incredibles. Great family flick.
I saw The Incredibles about 8 times this weekend. My 6-year-old is going through a phase…
I think it’s their best one… best message too, which is saying a lot.
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Here’s a little pick me up for you “Uncle Fucker”
http://cache-08.gawkerassets.com/assets/images/11/2010/01/500x_jerryandwade.jpg
If the Sleestak had laser eyes, ole Bum Jr. would have two big blackened scars on his fatback today, wouldn’t he?
Heh heh heh heh heh heh.
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Agreud. I especially liked the whole “they keep inventing ways to celebrate mediocrity” thing. That drives me bananas?
Was everybody off work today in the US? Or was it just the markets that were closed?
I’ve been at work all day, but a lot of lazy loafers, like the brokers are off due to MLK day, markets closed, etc.
How come you racist Canucks don’t celebrate MLK day? 😉
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We’re too busy with St-Jean Baptiste here in Quebec. 🙂
No seriously, we do have Black History month in February, and there were some events here and there today, but no – we work today. Boxing Day is a National Holiday though! As is Easter.
Easter is a holiday?? Wow… surprised they haven’t done away w. that one yet.
Just kidding about MLK. I don’t think you guys had a Civil Rights era… not sure you even have that many black folks… lol.
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It’s all good 🙂
Yes, believe it or not, Easter is a holiday, so we get either Friday or Monday off. As is Boxing Day. But we work on Memorial Day. Go figure. Priorities.
The Civil rights movement wasn’t a big thing like in the US, but we’ve had the same race issues. Ever hear of the Underground Railroad?
http://www.histori.ca/minutes/minute.do?id=10166
We were all over it 😉
There’s an old joke out here, about the reason there are not so many black people in this country is because they’re too smart to move to a place that was so darn cold (or something like that)…
Oh yeah, btw, put FRG.TO on my watchlist. Thanks!
Silver should rocket tomorrow… already up big tonight.
SLW, EXK, CDE.
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“I submit to you that if a man hasn’t discovered something he will die for, he isn’t fit to live.” – MLK Jr.
Just reading some of his stuff today, and about what the Civil Rights movement had to face in the late fifties early sixties. To think about what he faced in this country only 50 years ago… it’s really amazing how far we’ve come.
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Agreud. More amazing is that we have a black president, knowing our recent racial history. The beauty of America.
Yes, he caught the pendulum going the other way, the lucky bastard. Would that it had been Thomas Sowell instead.
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Jake-
Some weird action on the pms today. ANV down 6%, JAG down 10%, others flat or green.
Yes, very weird… especially since it didn’t close anywhere near down that far.
Hope you jumped on some!
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Evidence-Based Health Care Reform? Lessons From Massachusetts
by Dr. Lorraine M. Schratz
In Massachusetts, where 97% of us have health insurance by mandate since 2006, we have learned a few things about health care reform.
We have learned that universal coverage does not mean universal access to a doctor. The Massachusetts Medical Society reports that there is a critical shortage of family physicians and severe shortage of internal medicine doctors. Seven physician specialties are also operating in critical or severe physician labor markets.
A recent study by the Robert Wood Johnson Foundation showed that 75% of non-emergency ER visits occurred because a regular physician was not available after hours, and half of these visits occurred because a timely appointment was unavailable. With more than half of all the doctors trained in Massachusetts leaving the state, citing the practice environment and low salary levels, and one out of every four currently practicing doctors considering a career change, it does not appear that access issues are going to improve soon.
We have also learned that mandating coverage does not decrease costs. In fact, health insurance premiums have gone up and health care expenditures have not gone down since universal coverage was mandated in Massachusetts. The cost for Commonwealth Care (the state’s low or no-cost insurance program) is five times its initial budget. Defensive medicine (medical practice aimed at reducing a physician’s likelihood of being sued), was not affected by the mandate, and is estimated to cost $1.5 billion annually in Massachusetts – actually, more than enough to pay for Commonwealth Care. Massachusetts is now looking to cut health care costs, in a collaborative fashion between hospitals, physicians and lawmakers.
Our Massachusetts health care reform is said to be the model for national reform. The health care reform bill in Congress calls for an “Agency for Healthcare Research and Quality” which will disseminate research findings to help inform the decisions of patients and providers regarding the clinical effectiveness of different medical treatments. Yet our experience in Massachusetts does not appear to be “informing” the decisions of those in Congress. There are laudable and necessary elements to the health care reform proposed, but it is far from a finished product. Our legislators know politics, but most do not know economics, few have studied medicine, and only your personal physician understands your medical needs.
It is time for the citizens of Massachusetts to inform Washington that they must look at the results – the evidence – of health care reform in the Commonwealth. We alone have a vote in the health care reform debate. You can vote for Martha Coakley, who has said she will pass the Senate bill in its current state or you can vote for Scott Brown who has said that he will take the experience of Massachusetts to Washington to help craft a better bill. Please choose wisely, and vote in the special election today. The country is watching.