My recent vacation to Coron in Palawan, Philippines still lingers in the mind. It took me a PC memory upgrade and a lot of patience to wrap up the video. The extra weight I had to bear due to my heavy camera was worth it. [Read more...]

Jesus had compassion on society’s outcasts – not only sinners but lepers as well. But his compassion went much further. What did he do? No, it’s not just that Jesus healed the man. He did something which many of us would not probably do. (6th Sunday in Ordinary Time – B)

The hit franchise known for trotting around the globe, from France and Italy to India and Morocco, is adding a new location to its roster: the Philippines. Universal Pictures’ “The Bourne Legacy,” the fourth movie based on the Robert Ludlum novels, started filming in Manila, the country’s capital, two weeks ago.

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After ministering to the sick the previous day, Jesus wakes up at dawn to pray. Simon (Peter) and the other followers of Jesus found him and gave an exciting news: “Everyone is looking for you!” Jesus has become a celebrity. But Jesus does not share their excitement. Why? (5th Sunday in Ordinary Time – B)

How did a typical day of Jesus looked like? Where was he? What did he do? St. Mark in this Sunday’s gospel answers these questions. (4th Sunday in Ordinary Time – B)

Watch the video at http://palaisip.blogspot.com

In last week’s Metals, Mining, and Money, Jeff Clark estimated that given the magnitude of the correction that started last September, it may take until May 2012 for gold to reach a new high. This week let’s take a look at how long it may take for silver to rebound.

It’s a commonly known fact that silver is more volatile than gold. Already in this decade, silver has risen by a factor of 12 from its ten-year low ($48.70 vs. $4.07), while gold has seen about a sevenfold climb ($255.95 vs. $1,895).

This volatility – as you’ll see in a minute – holds for corrections as well. On average, silver’s retreats have been deeper and longer than gold’s. The three big gold corrections we looked at last week averaged 22.8%. Take a look at the three biggest for silver, along with how long it’s taken to recover and establish new highs.

Read more at http://investormind.blogspot.com

Today James Turk informed King World News that we are now headed into a vortex, and the Lehman event was a warm-up to a much deeper, widespread crisis and collapse which lies ahead. Here is how Turk described the warning signs and what to expect: “There are all of these warning signs out there and few people are paying attention. For example, hardly anyone cares that the US has lost its AAA rating and most dismiss it as a non-event. But even a cursory look at the US government’s financial position should raise investors concerns that it will not be able to meet all of its obligations.”

Read more at http://investormind.blogspot.com

From an article on Forbes by contributor Beth Greenfield, the Philippines ranked number 8 in the HSBC’s Expat Explorer Survey, released last month. “This country is friendly on wallets, too: 47% report an increase in access to luxuries, including domestic staff, swimming pools, and owning properties,” the survey revealed.

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At the beginning of the Ordinary Time of the year, we are brought face to face with Jesus as he begins his public ministry. His preaching is summarized with the words “Repent and believe in the gospel.” He also gathers his first disciples who later on will become his apostles. (3rd Sunday in Ordinary Time – B)

Jesus said: “Let the children come to me; do not prevent them, for the kingdom of God belongs to such as these.” How about adults? What did Jesus mean when he uttered these words? (Sto. Nino)

One of the main reasons why we have been not so focused on paper representations of real currencies (i.e., gold and silver) is that ever since the MF Global debacle, in which it became all too clear that if physical gold can be “hypothecated” via conflicting ownership, then there is no way that paper versions of precious metals are viable and indeed credible. After all, the only real owner at the end of the day is the certificate holder, which as we have explained before, is none other than DTCC’s Cede & Co. Good luck collecting when the daisy chain of counterparties starts falling. Which leaves physical. And for a good sense of what the “real” price of the metal is, not one determined by institutions whose interest it is to preserve the hegemony of paper, one can either try to procure gold and silver at a retail merchant, or one can look to the premium of a dedicated physical ETF over spot. Such as Eric Sprott’s PSLV which as of today is trading at an all time high premium of 30%! In other words, someone is willing to pay up to 30% over spot for the right to be closer to the physical metal than merely have a paper claim on a paper claim (pre hyper rehypothecation and what not). Incidentally the last NAV premium over spot record was back in April 2011 just as silver went parabolic and the entire commodity complex experienced the infamous May 1 takedown when it collapsed by $8 dollars in milliseconds on glaringly obvious coordinated intervention. Said otherwise, like back then, so now there is an actual shortage, manifesting itself in the premium. And while last time its was the price plunge which eased supply needs, we are not so sure how one will be able to spin a collapse of the current, far lower paper silver price.

Continue reading at InvestorMind.

The Little Currency That Couldn’t

The euro should now be recognized as an experiment that failed. This failure, which has come after just over a dozen years since the euro was introduced, in 1999, was not an accident or the result of bureaucratic mismanagement but rather the inevitable consequence of imposing a single currency on a very heterogeneous group of countries. The adverse economic consequences of the euro include the sovereign debt crises in several European countries, the fragile condition of major European banks, high levels of unemployment across the eurozone, and the large trade deficits that now plague most eurozone countries.

The political goal of creating a harmonious Europe has also failed. France and Germany have dictated painful austerity measures in Greece and Italy as a condition of their financial help, and Paris and Berlin have clashed over the role of the European Central Bank (ECB) and over how the burden of financial assistance will be shared.

Continue reading at http://investormind.blogspot.com

Investment letter writer Dennis Gartman has declared that he was wrong about gold.

In his daily investment letter Thursday, Mr. Gartman officially reversed his outlook for gold, saying he now views the precious metal as being in a bull market.

The new position follows a month where Mr. Gartman was the subject of some high-profile name calling from fellow investment letter writer, Peter Grandich. Mr. Grandich called Mr. Gartman “one of the Three Stooges” of gold forecasting after the latter declared that gold was officially in a bear market (if you’re wondering, the other two accused of being in that trio are Jeff Christian of CPM Group and Jon Nadler of Kitco).

Mr. Gartman’s reversal comes as he has failed to buy back gold below the price he sold it at a few weeks ago. He said that now that gold priced in euros has taken out its previous interim high, he sees the metal returning to a bull market.

Continue reading at http://investormind.blogspot.com

Hitler gets angry about precious metals.

Watch at http://investormind.blogspot.com

The feast of the Epiphany is an interesting one. Were there three kings? Were they even kings? Did they see a star? But do stars move? Opinions and hypotheses have been offered. Read what this author thinks. (Epiphany)

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Got problems with Skyrim?

Skyrim Crashed? Skyrim Audio Problems? Skyrim Problems with Steam? Choppy framerate, laggy gameplay?

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From Time Magazine: This year’s top 10 viral videos include a baby Darth Vader, a “nasty” honey badger, a 90′s crooner, an epic gigglefest and of course- Rebecca Black’s “Friday”

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