30 June 2008
It has been a lush and rainy June in Northwest Ontario.
It is easy to forget how our part of the world can be almost tropical in its characteristics, if only for a few brief weeks of the midsummer season.
Everything is richly green. Almost nothing is brown.
The lake is deep, lapping at the trunks of the hardy trees at water's edge.
The days are lengthy. There are a few hours of darkness in the middle of the night only.
This is the Kenora palette - after the June rain.
Here you can see the verdant hues as well as the deepening lake, behind the fragile birch trees in the foreground.
The expansive clouds play behind the backdrop of the greening early June forest canopy.
I found the play of sunlit lake water over ancient granite to be quite delightful. This photograph was taken just behind the dock at water's edge.
The elusive and delicate miniature flora breaking out through the expanse of granitic outcrop is almost impossible to capture with the camera. I cropped this photo to emphasize the tenderness of the blossoms synchronized with the faint thread of ageless rose-toned stone.
No less ephemeral is the explosion of delicate pink wild roses, opening up to greet us at every turn, and in every direction that we cast our eyes.
No less difficult to capture, though at the macro scale, is the carpet of fresh daisies which ornaments the cross country ribbon of the Trans-Canada Pipeline, which crosses no more than 200 metres from our doorstep.
The daisies are ever a willing subject for the eye of the camera.
It is difficult to portray the plenitude of the daisies and their brightly hued companions, all in primary tones, as the subjects are so fine against the vast expanse of the reclaimed meadowland... but there is seemingly no end to them.
The rose's subtle preparation prior to its bloom is brief and enticing.
So far I have only hinted at the magical dance of the lake, which is our rich and deep source of coolness and comfort in the steamy midday heat of June.
My traditional canoe has been abandoned in favour of the more versatile and responsive modern-day kayak. Accordingly, the canoe has in fact long languished at the lakeshore, awaiting that mix of adults and children who will again perceive its utility.
The dock itself is my reliable place of leisure and reprieve.
I remain fascinated at the persistent expressiveness of the delicate but hardy grasses, which attain secure footing even at the water's edge.
Everywhere, there are miniature and delicate gardens for the eye that would seek them out. With ample rainfall, no garden setting is too adverse.
Equally at home in an environment of blunt and unapologetic adversity is the sinuous vine in its self-assertive journey across the lichen-spotted rock face.
In fact, only the incessant trampling of the human foot can deter the lichen from setting their tenacious fibrils on the fractal surface of the barren rock.
The enduring red pine, the sage old man of the northern forest, casts its wizened and twisted branches hither and yon across the northern face of the cold deepening lake.
What then is there to explain the bold exuberance of the tiger lily? It requires no explanation, makes no apology. In such an environment there is no argument to be made against simply being. If one is to exist, then let it be boldly.
After the Kenora June rain, all in fact is magic.
Let us then rest in that cool, deep, still and ever curious state of knowledge. The Kenora June rain has visited itself upon us in its intensity. The pure beating heat and relative aridity of July awaits, but with it, the certainty that in mere weeks, a cooler August will follow. Intensity, followed by intensity, but no more - then by moderation. That is all. That is sufficient. This is what we know by instinct. No words need express it.
The Kenora palette series:
The Kenora March Palette: 2009
The Kenora Palette: After the June Rain
The Kenora May Palette Erupts into Green Tones, but also into Unexpected Hues
The Kenora Palette in May
The Kenora March Palette
_
Monday, June 30, 2008
Best of Last Week
A silver lining about returning from a trip is catching up on all the blogs and magazines. Last week was pretty high-brow: Did you see the mysterious house on Fifth Avenue, the vintage silverware that Abbey bought at an auction (la di da!) and these funny wine tags?
(Photo by Dream in Color, via Black Eiffel)
(Photo by Dream in Color, via Black Eiffel)
British Slang: That's pants.
Last summer, we wanted to bring back the word rad. Now, we have a new funny British phrase to spread. My aunt Janey kept saying that the rainy weather in England was "pants," as in not good. Don't you just love that? :)
(Photo via Garance Dore)
(Photo via Garance Dore)
Home Inspiration: Fridge Art
Way better than boring old white, don't you think? The ridiculously stunning and expensive vases are from Esque.
Back from England
Hello, everybody! How are you? We got home last night from a fabulous trip to England. Cornwall has cliff paths over the sparkling ocean, and Dorset has rolling hills with friendly sheep. We felt like we were at the ends of the earth. It was fantastic, especially when we discovered "Scrumpy," an extra-hard Cornish cider. As always, it's an adjustment to be back home--work seems so mountainous!
(Bird photo by Today is Pretty)
(Bird photo by Today is Pretty)
Thursday, June 26, 2008
Gold: Safe Haven in the Approaching Perfect Storm
26 June 2008
Today Is a Good Day To Buy... Gold That Is!
I've had little to say about the gold and gold share markets recently.
In essence, the market has been ignoring gold's stellar fundamentals, as most traders remain fixated on declining mainstream investment ideas – the broad stock market indexes, bonds, shares of financial and technology companies, or – of greater relevance to current realities – presently topping trends in oil/energy, agricultural and other commodities.
We've talked before about why gold is the ultimate place to be for investors seeking long-term financial security.
Basically, no one anywhere is willing to be responsible in matters of money management.
Governments spend billions (or in the case of the US, trillions) of dollars they do not have; central banks expand the money supply at perhaps five or more times the rate of productivity growth – fuelling the fires of inflation; banks and lenders (until recently) funnelled hundreds of billions of dollars in loans to cash-strapped "home owers" who were permitted to use their homes as automated teller machines; and of course, mainstream citizens – let's call them consumers – remained willing to spend far more money than they were able to earn.
In short, the present environment is "the perfect storm" for precious metal investors. When all about you abdicate fiscal responsibility, investing in gold and silver is the optimal long-term savings and investment strategy.
Today saw yet another episode in the continued unfolding of this drama.
In short, yesterday, Chairman Bernanke of the US Federal Reserve announced that while the Federal Reserve is now willing to acknowledge the existence of inflation, it is so fearful of economic weakness that it cannot tighten interest rates in order to rein in inflationary trends.
Today, in recognition of this dilemma, the bellwether Dow-Jones Industrial Average fell by 358.41 points to 11453.42, collapsing below its previous low for this year (11,634.82) on January 22, 2008. Speculative favourites bit the dust, including perhaps the ultimate "imaginary" stock, Research in Motion, which nosedived by $18.86 (about 13%) today on disappointing earnings news. Speculative Google, a company I love but whose stock I hate, fell by $22.18 in sympathy, though this amount represented only 4% of that company's valuation.
On the mainstream front, the shares of General Motors reached a 53-year low today, on an 11% pullback in the share value of the iconic manufacturer. If you had purchased GM in 1955 and held it for 53 years – until today – the face value of your investment would have remained unchanged – despite hundreds of percent in inflation since that time! Clearly there is trouble on Main Street as well as in Silicon Valley.
In short, momentum has departed the Dow and the mainstream stock indices. Oil/energy, agricultural and other selected commodities (as represented by the Continuous Commodity Index) remain strong, but they are overbought, and their momentum is obviously fading.
Gary Tanashian deconstructed the present moves in the Dow and in gold on June 24, two days before they occurred. His analytical chart follows:
Momentum has thus now shifted, at least tentatively, to the precious metal sector, led by gold.
I do not recommend – and I am not in favour – of momentum investing. But every now and then, momentum moves to the right place.
I think we are now there.
Clive Maund is one of several analysts who has correctly perceived gold's strength at this juncture:
After being almost every place except where it rightfully ought to be in an economic climate such as ours, the momentum trade has now shifted back to the precious metals, as evidenced by powerful surges today in the price of gold and in the US and Canadian gold stock indices.
Therefore, the stars have aligned on this day, as it were.
Today is a good day to buy gold and gold mining stocks.
In particular, the gold mining shares are again looking strong relative to the price of gold, in the US (witness today's surge in the HUI to gold ratio)...
And in Canada (witness a similar surge in the SPTGD to gold ratio)...
The move from here will not be straight up, but the momentum of the markets is now giving the sane and conservative investment option – gold – the tailwind it needs to lead us into the end of this year.
Momentum is not the right reason to invest in gold, but gold's strength is often revealed in momentum shifts such as we are now witnessing.
Hang on for the ride.
The wind is again at our backs after decades of fighting the headwinds of financial imprudence and speculation.
Enjoy the security and the strength of gold in uncertain times – in today's perfect storm!
My gold tsunami posts are as follows:
There Is a Tsunami Coming in Gold
Gold Tsunami II: Anthropomorphizing Gold
Gold: Safe Haven in the Approaching Perfect Storm
Gold Tsunami III: James Kunstler's Use of the Analogy
Bond Prices: The Seismic Shift That Triggers the Gold Tsunami (IV)
Gold Tsunami V: The $23 Trillion Bailout... and Counting
Gold Tsunami VI: Looking for Patterns in Gold Price Advances
Gold Tsunami VII: This Is It
Gold Tsunami VIII: Gold Mining Stocks Now Participating
_
Today Is a Good Day To Buy... Gold That Is!
I've had little to say about the gold and gold share markets recently.
In essence, the market has been ignoring gold's stellar fundamentals, as most traders remain fixated on declining mainstream investment ideas – the broad stock market indexes, bonds, shares of financial and technology companies, or – of greater relevance to current realities – presently topping trends in oil/energy, agricultural and other commodities.
We've talked before about why gold is the ultimate place to be for investors seeking long-term financial security.
Basically, no one anywhere is willing to be responsible in matters of money management.
Governments spend billions (or in the case of the US, trillions) of dollars they do not have; central banks expand the money supply at perhaps five or more times the rate of productivity growth – fuelling the fires of inflation; banks and lenders (until recently) funnelled hundreds of billions of dollars in loans to cash-strapped "home owers" who were permitted to use their homes as automated teller machines; and of course, mainstream citizens – let's call them consumers – remained willing to spend far more money than they were able to earn.
In short, the present environment is "the perfect storm" for precious metal investors. When all about you abdicate fiscal responsibility, investing in gold and silver is the optimal long-term savings and investment strategy.
Today saw yet another episode in the continued unfolding of this drama.
In short, yesterday, Chairman Bernanke of the US Federal Reserve announced that while the Federal Reserve is now willing to acknowledge the existence of inflation, it is so fearful of economic weakness that it cannot tighten interest rates in order to rein in inflationary trends.
Today, in recognition of this dilemma, the bellwether Dow-Jones Industrial Average fell by 358.41 points to 11453.42, collapsing below its previous low for this year (11,634.82) on January 22, 2008. Speculative favourites bit the dust, including perhaps the ultimate "imaginary" stock, Research in Motion, which nosedived by $18.86 (about 13%) today on disappointing earnings news. Speculative Google, a company I love but whose stock I hate, fell by $22.18 in sympathy, though this amount represented only 4% of that company's valuation.
On the mainstream front, the shares of General Motors reached a 53-year low today, on an 11% pullback in the share value of the iconic manufacturer. If you had purchased GM in 1955 and held it for 53 years – until today – the face value of your investment would have remained unchanged – despite hundreds of percent in inflation since that time! Clearly there is trouble on Main Street as well as in Silicon Valley.
In short, momentum has departed the Dow and the mainstream stock indices. Oil/energy, agricultural and other selected commodities (as represented by the Continuous Commodity Index) remain strong, but they are overbought, and their momentum is obviously fading.
Gary Tanashian deconstructed the present moves in the Dow and in gold on June 24, two days before they occurred. His analytical chart follows:
Momentum has thus now shifted, at least tentatively, to the precious metal sector, led by gold.
I do not recommend – and I am not in favour – of momentum investing. But every now and then, momentum moves to the right place.
I think we are now there.
Clive Maund is one of several analysts who has correctly perceived gold's strength at this juncture:
After being almost every place except where it rightfully ought to be in an economic climate such as ours, the momentum trade has now shifted back to the precious metals, as evidenced by powerful surges today in the price of gold and in the US and Canadian gold stock indices.
Therefore, the stars have aligned on this day, as it were.
Today is a good day to buy gold and gold mining stocks.
In particular, the gold mining shares are again looking strong relative to the price of gold, in the US (witness today's surge in the HUI to gold ratio)...
And in Canada (witness a similar surge in the SPTGD to gold ratio)...
The move from here will not be straight up, but the momentum of the markets is now giving the sane and conservative investment option – gold – the tailwind it needs to lead us into the end of this year.
Momentum is not the right reason to invest in gold, but gold's strength is often revealed in momentum shifts such as we are now witnessing.
Hang on for the ride.
The wind is again at our backs after decades of fighting the headwinds of financial imprudence and speculation.
Enjoy the security and the strength of gold in uncertain times – in today's perfect storm!
My gold tsunami posts are as follows:
There Is a Tsunami Coming in Gold
Gold Tsunami II: Anthropomorphizing Gold
Gold: Safe Haven in the Approaching Perfect Storm
Gold Tsunami III: James Kunstler's Use of the Analogy
Bond Prices: The Seismic Shift That Triggers the Gold Tsunami (IV)
Gold Tsunami V: The $23 Trillion Bailout... and Counting
Gold Tsunami VI: Looking for Patterns in Gold Price Advances
Gold Tsunami VII: This Is It
Gold Tsunami VIII: Gold Mining Stocks Now Participating
_
Friday, June 20, 2008
Have a flirty week.
See you in seven days, my dolls. xoxo
P.S. Love this Antonioni travel wardrobe advice.
(Photo via Ruby Press)
P.S. Love this Antonioni travel wardrobe advice.
(Photo via Ruby Press)
Women in Film
One more thing before I go: This Women in Film video is hypnotic and such a nice tribute. Who's your favorite? Mine is Diane Keaton with her happy smile.
Color-Me Wallpaper
How much would kids (and some of us grown-ups, let's be honest) love this Color-Me Wallpaper? You could pick a few colors to match your decor or just go nuts.
Stripey stripes
Wouldn't these Kate Spade flats, on sale for $79, pair nicely with a white tee and dark skinny jeans? All part of an ongoing effort to look more French.
(Via Richele)
(Via Richele)
Mad Men.
Have you guys watched show about 1960's advertising execs and their scandals? I've never seen it, but the friends we had dinner with last night are obsessed.
Home Inspiration: Half-Covered Lightbulbs
A while ago, I posted about exposed light bulb pendants, but some readers were worried that the light might be too bright. Enter this half-mirrored light bulb, which directs the light upwards. Problem solved!
(Credit unknown)
(Credit unknown)
Thursday, June 19, 2008
Introducing my dad.
This is one of the more random posts here on Cup of Jo (along with this and this), but my dad just emailed me these photos of himself (taken for an article in Michigan), and I adore them. The photographer really captured his serious and funny sides, as well as his kind eyes. Happy belated Father's Day, Dad!
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