Evidence of Decades-Long Destruction

08.07.2016 • Gold and Natural Resources

From Port Phillip Insider (Australia)-

We finally arrived here at our hotel in Baltimore, Maryland, a mere 29 hours after leaving our home in Frankston, Victoria.

Three minutes later, following a quick change of clothes and a squirt of deodorant, we were off again — down to Mick O’Shea’s Irish pub on North Charles Street.

There we tucked into a cheeseburger and a couple of Cokes. While there, we had the second experience in barely two hours of how out of touch your editor is with the modern world.

For most that won’t be a surprise. And to be honest, it wasn’t a surprise for us either. More on that nonsense in a moment. First…


Overnight (for you), the US Dow Jones Industrial Average fell 22.74 points, or 0.13%.

The S&P 500 index lost 1.83 points, or 0.09%.

In Europe, the Euro Stoxx 50 index gained 18.83 points, or 0.68%. Meanwhile, the FTSE 100 added 1.09%, and Germany’s DAX index gained 0.49%.

In Asian markets, the Nikkei 225 index is down 65.77 points, or 0.43%. China’s CSI 300 index is down 0.57%.

In Australia, the S&P/ASX 200 is up 3.88 points, or 0.07%.

On the commodities markets, West Texas Intermediate crude oil is trading for US$45.60 per barrel. Brent crude is US$46.98 per barrel.

Gold is trading for US$1,358 (AU$1,810) per ounce. Silver is trading for US$19.73 (AU$26.30) per ounce.

The Aussie dollar is worth 75.01 US cents.

So completely out of touch

Our pre-booked car service told us to phone the driver once we had collected our luggage at Washington National (Reagan) Airport.

That would be the cue for him to leave the holding bay, and head straight to the kerbside.

The problem? Of course, your editor is phoneless. Instead, we felt like an American from the 1980s, searching through our pocket for a handful of ‘quarters’ for the phone.

That assumed we could find a phone — a payphone — in which to insert the quarters…

-If you want to subscribe to read more, visit portphillippublishing.com.au (paywall) (English)-

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