I met Chet Atkins in the men’s grill at Brentwood CC in Nashville when I was 30 years old. I was having lunch with my boss, and Mr. Atkins was dining alone. I asked him if he’d like to join us and he said yes. My boss had no idea who he was. We didn’t talk about music at all. What a nice man.
The nice thing about these guys is their gifts are no less than the more flamboyant musicians, not that I don't enjoy that too, but the understated mood, style and selections are just as as entertaining. Atkins reminds me of my th grade homeroom teacher... lol.
You have a great ability to take nothing, and turn it in to something worthwhile and a great read. As opposed to all of the institutions we can no longer trust who take something (usually ours), and turn it into nothing. Thank you 🙏
Well, not as dramatic as I had hoped, but still quite notable. Teck Resources and Anglo American reached an agreement to combine the two companies in a merger of equals to form the Anglo Teck group, a global critical minerals company headquartered in Canada.
Anglo American shareholders to own 62.4% and Teck shareholders to own 37.6% of Anglo Teck plc immediately post completion.
The deal is expected to offer investors more than 70% exposure to copper. Perhaps the largest mining merger in a decade.
Someone’s going to be eight shades of red at the next BHP management meeting, which is probably coming up very shortly. Especially considering BHP has made some notable new investments in Canada over the last five years as well. Or Anglo and Teck got the jump on them, anticipating a wave of M&A next year (or someone let something slip during a happy hour).
I think the short is facing a dangerous expiry on Sept 19. And if you scan to next few larger expiration as usual... there far more callable shares ATM than silver available to the market imo. The problem with ETFs is makes it so easy to synthesize paper supply with repos and options and when the optins expire and the call hedges (naked shorts) roll off as straddles expire the APs can leave the short shares naked and unborrowed until the regulators fine them which under Gensler was never. I think its a game of contango and premium decay supporting a negative alpha and gamma P n L which was very profitable until gold upset the apple cart and took off. Gold can't be toyed with. its too big. But ETF and exchnage silver regs have been rewritten many time over the years to favor the shrt. The same has happened to IBIT (both SLV and IBIT are Blackrock ETFs) ...it's all legit btw in the US. Elsewhere silver is just another metal which is partially why silver open interest rarely moves with prices on the Comex.
I met Chet Atkins in the men’s grill at Brentwood CC in Nashville when I was 30 years old. I was having lunch with my boss, and Mr. Atkins was dining alone. I asked him if he’d like to join us and he said yes. My boss had no idea who he was. We didn’t talk about music at all. What a nice man.
The nice thing about these guys is their gifts are no less than the more flamboyant musicians, not that I don't enjoy that too, but the understated mood, style and selections are just as as entertaining. Atkins reminds me of my th grade homeroom teacher... lol.
Great story, wonderful gesture.
ditto
You have a great ability to take nothing, and turn it in to something worthwhile and a great read. As opposed to all of the institutions we can no longer trust who take something (usually ours), and turn it into nothing. Thank you 🙏
Imagine 🎵
Yw, Mike.. Quite a compliment. Ty sir.
Prescient call on the future commodities rally. Anglo just drew their sword on a takeover of Canada’s Teck Cominco. Charge!
Well, not as dramatic as I had hoped, but still quite notable. Teck Resources and Anglo American reached an agreement to combine the two companies in a merger of equals to form the Anglo Teck group, a global critical minerals company headquartered in Canada.
Anglo American shareholders to own 62.4% and Teck shareholders to own 37.6% of Anglo Teck plc immediately post completion.
The deal is expected to offer investors more than 70% exposure to copper. Perhaps the largest mining merger in a decade.
Y, Ango dodged a bullet last year. I wonder what BHP is thinking?
Someone’s going to be eight shades of red at the next BHP management meeting, which is probably coming up very shortly. Especially considering BHP has made some notable new investments in Canada over the last five years as well. Or Anglo and Teck got the jump on them, anticipating a wave of M&A next year (or someone let something slip during a happy hour).
give "a pint of bitter" a new meaning! 😉
Silver... playing catchup?
I think the short is facing a dangerous expiry on Sept 19. And if you scan to next few larger expiration as usual... there far more callable shares ATM than silver available to the market imo. The problem with ETFs is makes it so easy to synthesize paper supply with repos and options and when the optins expire and the call hedges (naked shorts) roll off as straddles expire the APs can leave the short shares naked and unborrowed until the regulators fine them which under Gensler was never. I think its a game of contango and premium decay supporting a negative alpha and gamma P n L which was very profitable until gold upset the apple cart and took off. Gold can't be toyed with. its too big. But ETF and exchnage silver regs have been rewritten many time over the years to favor the shrt. The same has happened to IBIT (both SLV and IBIT are Blackrock ETFs) ...it's all legit btw in the US. Elsewhere silver is just another metal which is partially why silver open interest rarely moves with prices on the Comex.