The move marks an extraodinary breakdown in trust between leading central banks and has set off ferment among gold enthusiasts, with some comparing it with France’s withdrawal of gold from the US under President Charles de Gaulle as the Bretton Woods currency system crumbled in the late 1960s. Continue reading at The Telegraph ->

In 1863, electrician Edward A. Calahan invented the stock ticker, a telegraph receiver capable of printing letters and numbers onto paper tape. At first, almost all ticker customers were brokers and bankers. By around 1880, however, the ticker had spawned a new kind of business, called bucket shops… Continue reading at Bloomberg ->

New private equity fund to raise $200M. Calgary Herald [Ryan] Dunfield, who joined [Sam] Belzberg two years ago from ATB Financial, said the energy fund aims to make 12 to 15 investments that will attempt to pull in an average of 20 per cent or greater annual returns over a five- to seven-year term. About… Continue Reading

“For years on end a company’s price can have less to do with a company’s real prospects than with the excitement it and its supporters are able to generate.” The Stock Market, January 2004. Mark Cuban See also: How I Helped Mark Cuban Make a Billion Dollars and 5 Things I Learned from Him. James Altucher

“At present, India is fully dependent on imports of potash.” Karnalyte Resources wins India investor for new potash mine. National Post Also: Karnalyte peer Encanto Potash (EPO) shares soared 12% Friday after another Indian consortium disclosed being in discussions with the company over a potential off-take deal. Read the statement here.

Richard M. Nixon was born 100 years ago today in a small house in Yorba Linda, California. He went on to live a HUGE life: He fought in World War 2, he became a Congressman, a Senator, Vice President, and President of the United States, among other accomplishments. Best known for the Watergate scandal that… Continue Reading

How to design breakthrough inventions. 60 Minutes Outcry after NOLA’s daily paper cuts back. 60 Minutes

Made A Stupid Mistake? Own it. Many people who make mistakes tend to skulk away in embarrassment and hide forever. But we all make mistakes, and this is precisely the wrong thing to do. That skulking could mean that others will forever judge you as weak. Is the smarter strategy not to show up immediately… Continue Reading

Mexican drug gangs dig into mining industry. Al Jazeera Gore Went to Bat for Al Jazeera, and Himself. NYTimes

Soul Men: The Making of The Blues Brothers. Vanity Fair Money for Nothin’ Writing Checks for Free. PIMCO ArcelorMittal Deal Fuels Iron-Ore Rally. Bloomberg

Ackman, Herbalife and Celebrity Short-Sellers. NYTimes Petroamerica Announces the Start of Drilling Operations on its CPO-1 Block With the Spud of Altillo Oeste-1. Newswire

By Eoin O’Cinneidem, Upstream Canada’s Petroamerica Oil Corp has hailed its latest discovery in Colombia as “the best well yet to be drilled” on a field in the Llanos basin. The Toronto-listed player has struck around 100 feet of net oil pay at the Las Maracas-6 well on the Los Ocarros Block. Colombia-focused Petroamerica tested… Continue Reading

Prospectors John Larch, Don McKinnon and Richard Hughes along with stock promoter Murray Pezim discovered gold in the Hemlo camp in the early 1980s, starting a staking rush not seen in Canada since the Klondike gold rush of the late 19th century. Two companies, Golden Sceptre and Goliath Resources, secured rights to a large land package… Continue Reading

“We are all here on Earth to serve the Greeks.” In 2012 I Learned That… Reformed Broker Time to toot horn for George H.W. Bush. CNN What’s Ackman’s Herbalife Game? Reuters