E Why Blog?

I voted in my NY primaries. Then I got held up by hoards of schoolchildren blocking the exits from the basement polling place; I think they might also constitute a fire hazard without older people on the stairs. Hence the blog is late. Sorry.

It is New York Fashion Week but I have no idea if the new modes will sell.

There is a huge full moon expected tonight but it may rain on the lunar parade; luckily we saw a fat moon two months ago at the Stratford Westfield shopping mall.

I do not have any insight into what makes Vladimir Putin tick or how to deal with ISIS, Islamic State, or whatever it is called now.

I am stumped about the cure for Ebola virus, and by the way also for Marburg virus.

I have no idea if we should buy Alibaba at the ipo even if the 40 Thieves are included in the deal.

Adrian Ash from www.Bullionvault.com (our advertiser) set my mind to rest about the new regime at the London Metal Exchange. LME changes affect only centralized forward price data distribution, not spot. Bullionvault is a site where you trade spot gold. Forward trading in London is marginal according to Reuters, accounting for only 5% of gold trading, mostly mining industry hedging. Adrian is head of research at www.bullionvault.com, in my opinion the easiest and cheapest way for Americans to own physical gold.

Another pre-subscriber wrote about finding my insight into political situations interesting, why he “devours” my free blog. SR adds:

“My investing history is another story. My family has a long history of trading which I fell into as a young man. I even became a licensed commodities broker.

“At 69 years of age I am looking to buy and hold quality dividend-paying stocks. I am basically going it alone and there is no one else I would even consider following.” But he isn't following me either.

Meanwhile KAJ writes that he plans to sign up “once the market dips.” Right after they ring the bell? Why do I blog?

Maybe I should copy Bill Bonner and Louis Navellier and launch a limited entry family trust to monetize the work I do.

More follows for those who read my blog to make money in stocks rather than for my insights or amusement. We have not one but two sells today and news from Australia, Britain, Brazil, Canada, Singapore, Spain, Switzerland, Israel, Dubai, Mongolia, and Ethiopia. Plus a company report.

*Abengoa (ABGB) today reported flat revenues and net income for H1 vs 2013 H1, with sales at euros 3.4 bn and net income of euros 69 mn, up all of 2%. However, operating results (cash flow) earnings before interst, taxes, depreciation, and amortization rose to euros 695 mn, up 31% y/o/y and the backlog hit euros 48 bn, up over 11%. The Spanish renewable energy, biomass, and water desalination company spun out a yield subsidiary (ABY-Q) earlier this year, so the figures are not comparable.

Its sales went 39% to North America (comprising the US and Mexico); 25% to South America; 13% to Europe; and the rest to Asia and Africa.

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