Chart of the day is....

...gold, hourly candles.

OHMYLAWDWEALLGONNADIE! Gold's down a full TWENTY UNITED STATES DOLLARS because of...err, what was it again?...err...oh yeah, the Fed isn't going to run QE3. and that must be true because they said so and I read it in the newspaper. Well I had a good chortle about that one, but then again my sense of humour has always been a burden to me. Oh how I used to laugh after being fired by yet another dumbass boss in a badly tailored suit just because I couldn't help a) laughing at his suit or b) explaining his dumbassery to him in words that even he would understand.

BUT I DIGRESS! Yeah, gold's down this morning so don't forget to dump-panic-sell all those gold miners you have in your port selling at 6X earnings....after all, how could they possibly make money at $1.4K Au?* Y'all be having one of them there nice days now y'all.

*yes, that's irony

Greystar Resources (GSL.to) and the upcoming shareholders' revolt

Your author has heard on good authority that there are many unhappy shareholders of Greystar Resources (GSL.to) out there in investment land. In fact they're so unhappy that on May 18th, at the company's Annual General Meeting, enough big shareholders of GSL have already agreed to pool their votes, take over the meeting from the floor and kick the current board of directors out of the company once and for all. Your humble scribe also hears that the unhappy holders have already got together more than 51% of the voting shares so get ready for the fireworks because this one is going to happen, folks.

And quite right too, considering the utter balls-up GSL.to has made of its 15 years in Colombia and the mushroom politics it's employed to the people who pay them good money for zero results. Welcome to capitalism, Kesler. All that's left to consider is how this will play out. So will GSL;

• Try to pretend the threat isn't serious and have a really bad day at the office May 18th?
• Try to do the sneaky deaky and postpone the AGM?
• Do something that may equate to honourable (even at this late stage) and resign en masse before the fateful day arrives?

Inquiring minds, etc. Anyway, remember where you heard it first, people. At your caring and sharing IKN.