Petropavlovsk Share Discussion Threads

[m_n_tomlinson] 13/11/2015 16:09

Lol, yeah the shaky cam syndrome. Also unnecessary editing and sound effects. quick-cut, frantic-zoom and shoosh-thunder just for someone walking across the room. That's why I like to watch old films. The slow pace and stillness is a zen experience. Especially old films that have been remastered (good use of technology) that look crisp, clear and spotless and could have been filmed yesterday. That is almost like a time travelling experience! ;)

[grbaker] 13/11/2015 14:58

P.S. Peter Greenaway does some nice looking films too... shots that look like paintings... but the subject matter is not to my personal taste.

[grbaker] 13/11/2015 14:57

Yes, I like Pan's Labyrinth. Saw Crimson Peak recently as well; that also looks very nice (although the plot could have done with a bit more work IMO).

Too much CGI is bad: it's used as an excuse not to work on characters I believe. People like the big budget action films, but they are basically all the same... the studios just see the profits and do more of the same, sadly. Of course, there are some films that can be made today (that would not have worked or which would have been too expensive previously) because of it; and it works well for animations.

I'll tell you what else annoys me: unnecessarily shaky camera work all the time! Sometimes you can't work out what is going on for all the fast cuts, deliberate camera shake and everything moving at once on screen. (I'm sure they do it get around the censors and to get films rated at 15)...

Barry Lyndon, I haven't seen that one for years!

[m_n_tomlinson] 13/11/2015 12:56

'Certainly Kubrick went into great detail to make each shot the best he could.'

Barry Lyndon comes to mind. Beautifully crafted. Every backdrop like a series of old masters paintings.

[m_n_tomlinson] 13/11/2015 12:45

Kubrick is great I have all his movies. I enjoyed Pan's labyrinth. I'm not proud of it but these days I fall into the anti CGI camp. The trouble with digital movies and CGI it that it all looks too polished and unreal and like computer games imo. I'm not against CGI per se, but it should be used minimally to enhance movies like air brushing in the old days. Films like Event Horizon, Red Planet, Supernova, Pitch Black are great, before CGI became too exploitary.

[grbaker] 13/11/2015 12:35

P.S. Room 237, about Kubrick's The Shining, is fascinating if you like conspiracies... although it does go on a bit. Channel 4 or rather Film 4 (I think it was) showed it recently. Certainly Kubrick went into great detail to make each shot the best he could. That's why his films took so long to make and why they will also be discussed and studied for years to come IMO.

[grbaker] 13/11/2015 12:32

I think Hambro probably understood the bonds when he took them out; but not how they would be used to try and grab his Company further down the line! That was my reading, anyway, on his comment about not knowing 'what he was getting into'.

Alien: one of the only horror films that has ever scarred me... that bit when the Alien bursts out of William Hurt's chest.... I was young at the time when I watched it though.

Did you know that 2001 failed to get an Oscar for the ape suits, but Planet of the Apes was given an Honorary Oscar for Best Make-up! (I heard it said on TV that happened because they thought the Apes were real in 2001)..?

I'm a big fan of Kubrick's work (shame he didn't make more films); also of Ridley Scott's early films (particularly Alien and Blade Runner). It's hard to believe they didn't have all the CGI we've become used to today: those two films still stand up quite well IMHO.

At present I think Guillermo Del Toro is doing some very nice looking work...

[m_n_tomlinson] 13/11/2015 12:15

Ps. It's great that two of the best best sci-fi films, bar Solaris (Russian, Yay!) are British. 2001 A Apace Odyssey and Alien! ;)

[m_n_tomlinson] 13/11/2015 11:56

Lol, that's a good one!

Hard to distinguish the above from reality. Maybe I shouldn't be laughing quite so hard, because it seems to be all so true!

What about that Steel billionaire's son who killed himself after business failed last week?

That fact that Hambo a financially literate banker, admitted he didn't know what he was getting into with the bonds is absolutely astounding! To me it suggests a kind of grand PPI mis selling, a massive corporate fraud on a grand scale against all the Miners, who are now forced one by one to participate in RIs to pay back the bonds.

Maybe the Pete and the Miners should be claiming mis sold PPI? ;)

[grbaker] 13/11/2015 10:55

Pavlova Pete - El Mercado de la Muerte

On the verge of bankruptcy a tenacious mining patriarch discovers his bankers, suppliers and regulators have all plotted against him; but as time and money runs out and he faces loosing everything, he must learn to swallow his hubris and adapt to the 'new normal', to regain his family honour and fortune and defeat his corrupt adversaries, before they strip him of his mines, dignity, goldie(ish)-looking-tan and what remains of his once spectacular hairdo...

A stunning tale of deceit, corruption, missing loaders, plunging prices, doddering oxygenerians and half-blind semi-retired barbers gone rogue.

Available on DVD and Blu Ray nowhere near you, no time soon.

;)

Sleep tight and don't have nightmares...

And remember: in metal-space everybody can hear you scream!

[m_n_tomlinson] 12/11/2015 15:48

From it's high £15.00 to 5p this share should be on the 'Seconds from Disaster' show with reenactments and interviews of Pete Hambro and the FED.

'Disasters don't just happen. They're the result of a sequence of events, locked together in time.'

[grbaker] 12/11/2015 15:31

See:



"
Permazero
  
James Bullard  

President and CEO, Federal Reserve Bank of St. Louis

Rethinking Monetary Policy

Cato Institute–33rd Annual Monetary Conference

Washington, D.C.
Nov. 12, 2015

etc.

Conventional wisdom would have suggested that the zero policy rates in the G‐7 were putting upward pressure on inflation during the nearly four years since January 2012, but instead, inflation fell.  This could be viewed as consistent with neo‐Fisherian effects asserting themselves.  Of course, we have to be cautious about carrying such an explanation too far.  There have been many other shocks during the past four years, notably a very large oil price shock beginning in the summer of 2014.

Consequences

Let us suppose for the sake of argument that the G‐7 economies will spend still more time at or near the zero lower bound.  This would occur because either liftoff does not materialize in most or all countries or because additional negative shocks drive those countries that do raise their policy rates back to the zero lower bound.  Prudent policymaking suggests that we should at least entertain this as a realistic possibility for the path of G‐7 monetary policy in the coming years.  What are the consequences of remaining in such a state for a long period of time?

I can think of six consequences, based on the discussion in the earlier part of this speech:

First, consider the near‐zero policy rate path illustrated on the right hand side of Figure 1.  In this situation, promising to keep the nominal interest rate sequence at the zero lower bound simply reinforces the equilibrium and does not provide accommodation as in the traditional New Keynesian equilibrium.  Nothing happens in response to such promises.  ;Policymakers would have to come to grips with such a situation.

Second, in such a situation, inflation remains persistently below the stated inflation target.  The near‐zero policy rate is not putting upward pressure on inflation, but is instead through the Fisher equation dictating a rate of inflation lower than the original target.  It could be that policymakers do not intend to return to the original equilibrium—that is, they may intend to remain with the near‐zero policy rate.  In that case, policymakers may wish to lower the inflation target to remain more consistent with the actual inflation outcomes.

Third, longer‐run economic growth would still be driven by human capital accumulation and technological progress, as always, but without the accompanying stabilization policy as conventionally practiced from 1984‐2007.  In principle, the economy would still be expected to grow at a pace dictated by fundamentals.

Fourth, the celebrated Friedman rule would arguably be achieved, so that household and business cash needs are satiated.  ;In many monetary models this is a desirable state of affairs.
                                                            
Fifth, the risk of asset price fluctuations may be high.  In the New Keynesian model, the near‐zero interest rate policy with little or no response to incoming shocks is associated with equilibrium indeterminacy.  This means there are many possible equilibria, all of which are consistent with rational expectations and market clearing.  ;In a nutshell, a lot of things can happen.  Many of the possible equilibria are exceptionally volatile.  ;One could interpret this theoretical situation as consistent with the idea that excessive asset price volatility is a risk.

Sixth, and finally, the limits on operating monetary policy through ordinary short‐term nominal interest rate adjustment in this situation would surely continue to fire a search for alternative ways to conduct monetary stabilization policy.  The favored approach during the past five years within the G‐7 economies has been quantitative easing, and there would surely be pressure to use this or related tools.

etc.
"


So zero-rate (or near zero-rate) policy can become a permanent state of affairs... and QE has failed to create inflation... but we'll probably have to do more of it..????????


Pass the Gold-bashing hammer somebody....

[grbaker] 12/11/2015 14:45

P.S. Perhaps I typed too soon; Gold has now popped back up towards $1,085... beats me what's going on at the Comex...

GLA!

[grbaker] 12/11/2015 14:31

Afternoon mnt!

Oh yes, who could have guessed that $1,075 was on the cards today? How the regulators can keep ignoring the frequency with which Gold falls on the US open is beyond me...

They'll have Silver at $13 at this rate as well!

I think the Saudis are maybe behind the whole oil price rout though: they certainly haven't stopped fracking in the US just yet... although if they can keep oil around $45 for another year; they might make some headway on that one.

[m_n_tomlinson] 12/11/2015 14:25

Will the FED take Gold down below $1000 once and for all?

I expect it to go close now, say $1010 like they did @ $1110 so that the punters place their bets.

Red or black? I fear the worst.. a plummet, but I wouldn't bet on it myself..

[onedayrodders] 12/11/2015 14:20

FTSE tanking .. cant help thinking PM's are being attacked because a black swan previously held back or jaw boned away by the FED is gonna reveal itself soon.

[m_n_tomlinson] 12/11/2015 13:38

I'm waiting for the Yanks to bankrupt their own energy companies, so they are left with a few tech bubbles, then they will realize where the prioity lies, when they freeze to death in winter, can't drive to work, no electricity for all their hi tech gadgets, thereby defeating the point of their purpose.

I exaggerate and speak hyperbolically and cartoon, but I think you get my drift. Seems strange the Americans are willing to sacrifice their energy and resources for the sake of one upmanship over the Russians. Chess players they ain't.

[m_n_tomlinson] 12/11/2015 13:33

OneDayRodders 12 Nov'15 - 12:20 - 43707 of 43709 0 0

'Must admit holding PM miners feels like being on the ropes with your hands tied and Mike Tyson going to town on you.'

I'll say.

Love the cartoon on JESSE'S CAFÉ AMÉRICAIN. Very apt. Wall street bank Mike Tyson.

Cheers for the info and links grb.

In the meantime, right on the bell, gold is starting to tumble..

[grbaker] 12/11/2015 12:46

I think these charts I did a while ago still stand:

A long term Gold chart:



An enlargement of this chart:



A short term chart:

[grbaker] 12/11/2015 12:43

Yep, and to make matters worse it looks like Gold might breach $1,080 today (on the US open or shortly afterwards, I expect).

If we go below $1,075, then it's potentially down to $1,000 again.

There's also an interesting article on JESSE'S CAFÉ AMÉRICAIN on what might be going on with the price of Gold at present:

[onedayrodders] 12/11/2015 12:20

Must admit holding PM miners feels like being on the ropes with your hands tied and Mike Tyson going to town on you.

[grbaker] 12/11/2015 12:03

This recent Hambro interview on Bloomberg has now been added to the Company's website:

[grbaker] 11/11/2015 11:36

"
VTB Bank becomes first Russian bank to trade gold in China

November 11, 2015 ANNA KUCHMA, RBTH

The Russian bank is now a member of the Shanghai Gold Exchange.

VTB became the first Russian bank to become a member of the Shanghai Gold Exchange, enabling it to trade gold in the world's biggest market for precious metals.

etc.
"



Also worth a watch: