China caused waves across our portfolio. First of all, in an admission that something was needed to set GNP growth back on track, China cut interest rates in a new stimulus initiative.

There are a couple of reasons why I beat Buffett, and it is not because I am smarter than he is or a more successful stock picker.

Abengoa 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%.

The deal being worked out over eastern Ukraine sounds like the 1937 Munich capitulation and unlike the British rush to defend Polish borders 75 years ago in Sept. 1939—right down to the presence of a supposed outsider in the deal (Hitler in 1937; Putin in 2014.)

Today I got extremely positive news for my Kinder Morgan Partners stock, a purely USA holding which soared 17.87% so far today on news that the Kinder Morgan group will abandon the Master Limited Partnership structure and merge it into its parent.

Both GLD, SPDR Gold, and individual stocks like IAG, IAM Gold, are up more.