Monday, November 21, 2011

Travelogue#4: Cuenca Ecuador

September 25, 2011

I wasn't going to add anything today but all the stores are closed on Sundays with not a lot to do so I thought I would kill some time and write another entry.


This whole internet blogging thing is new to me since I am used to sharing these emails privately with friends and family back home (Who get my humour) but I am enjoying this blogging and I should have done this on my Asian trip 5 years ago which would have been fun. Yesterday (Saturday) was the first time I created this blog since I wanted to put everything up myself and not have someone do it for me back home and just added the previous emails.


So yesterday after checking these blog features out you can press a button "audience" that shows you who visits your site at different time periods and yesteday within 3 hours of creating my blog I had 18 hits and surprisingly only 3 of them were from Canada and 11 of them were from Ecuador (Most Ecuadorians don't speak english so probably english speaking expats who reside here) and it shows a map of the world and it shades in the countries that have visited your site. 3 from Canada, 1 from the USA, 1 from Germany and 13 from Ecuador. 17 of those 18 people used INTERNET EXPLORER where 1 person used FIREFOX and all 18 of 18 use WINDOWS operating system. Useful stats eh? This blogging is getting exciting folks!!


Yesterday I walked down to this big market down the road after I checked into my new place and created my blog I went to check it out. I have never seen that many fruits and vegetables in one place. It was like a 2 story hockey arena full of stalls. I went to the second floor and they have stalls where they serve you a plateful of food. I had a coke and a plate of food (pig, rice, potatoes and some other stuff I couldn't identify and didn't eat) for $2US.


On another note, the financial markets had a blood bath this week. A big drop in the stock market forced many over leveraged hedgefunds to sell their precious metals positions (where they had profits) to cover their margins (losses) in the stock market (which is usually done through computerized trading programs and not actual humans selling their position) which makes these meltdowns happen quick and visciously like it did in 2008 with the liquidity crisis.


Silver which has had steady support around $40oz since June drop 25% to $30oz within 48 hours because of this and gold had been slowly selling off since its recent high of $1920oz and then a quick $100oz drop within the last 2 trading days going into the weekend. I am expecting this metals correction to be a short one over the next month or so before it recovers to the upside again since nothing has changed fundamentally for Gold and Silver since sooner or later "smart money" will be giving up on the world fiat currencies around the world (since they are going into the US Dollar right now and driving it up) and put their money into the only real currency with a 5000 year monetary history which is gold and silver. Also people buying big quantities of physical silver to take advantage of this drop in price are having a hard time getting physical possession of silver right now which just shows you that the electronic gold/silver market are one thing but the physical gold/silver market is the REAL MARKET since it is the actual physical commodity (and not just electronic digits).

 The internet at the place I am at is better than the last place but there are times where it says "Connected with limited access" which basically means NO ACCESS! I have been having some problems with my laptop for some reason and can't seem to download more pictures from my camera but worst case situation I can have them burned to a CD at some local shop and then have them posted to the site.


Although I planned a 7 month trip there is a very good chance I will just stay in Cuenca for a couple more weeks and take some spanish lessons before moving on to Vilcabamba and then moving onto Peru. I am thinking I might come back to Canada by the end of the year (November or December). Staying in one place for too long has always been hard for me.