iBankCoin
Joined Apr 19, 2009
721 Blog Posts

Useful Idiots

I’m a little depressed tonight to find out my own trusty State Department has been harboring two American-born Cuban spies for oh…. THIRTY YEARS now.    And what’s even more depressing is that these Grade 15-level federal bureaucrats were not even gettting paid by Fidel — no, they did it out of love for that “bang-up” job The Beard has doing on his 50-years and running prison paradise down below Key West.

Not enough love for them to actually move there, mind you.

No sir, these two cheerleaders of La Revolucion were perfectly happy to stay in the often-chilly D.C. suburbs and bank their fat U.S. gummint paychecks (your tax dollar at work!) whilst romaticizing the good works of El Jefe down in the Caribbean.  

And sure… it was a nice place to visit and all, but… they wouldn’t want to defect there.  What with the palmetto bugs and all that.

Odd, no?

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I’m not gonna get all “Chartin’ Charlie” with you tonight over the portfolio.  I told you at the end of last week we were due a pullback, and I’ll be damned if we didn’t get it to the tune of (-2.25%).   Now stop yer cryin’ and start looking to pick some of these wounded suckers up.  Do it slowly, and with measured pace and you should be very pleased by the end of next week.   Or at least “gruntled.”  

Overall port ended up just a tad under 23% since inception, thanks to this week’s downer.  Here’s the rest of it:

Name 5-Jun % Change   Weekly Chg   Comments
ANDE  $    30.05 6.48%   15.58%   Going to $33 near term.  Scary.
EGO          9.24 -2.94%   -4.64%   Doji’d on the 20-day (9.15). Could be it.
GDX        41.33 -5.01%   -4.79%   $40 is a likely target
GLD        93.71 -2.62%   -2.11%   20-day $93.22.
IAG        10.06 -4.64%   -8.71%   Oversold on the daily, but not weekly.
MON        81.98 -1.11%   0.61%   Meh.
NRP        24.50 1.07%   1.07%   Back above the breakout on the weekly!
PAAS        22.08 -5.20%   -5.60%   Nice pullback on the weekly.
RGLD        44.08 -4.57%   -4.46%   $42 possible.
SLV        15.01 -3.97%   -2.21%   Pullback first in 4 weeks
SLW        10.37 -5.30%   -1.14%   Weekly still a beaut on this one.
SSRI        22.36 -6.72%   -7.98%   Bounced right on the 200 week ($22.27)
TBT        56.94 1.68%   2.56%   Off to the races.
TC          9.92 -1.39%   -0.70%   13-34 week bullish crossover on the weekly
TSO        15.56 -3.11%   -11.14%   Bearish engulfing on the weekly, not good.
AVG   -2.49%   -2.25%    

Be well, my friendos.

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7 comments

  1. The Fly

    The Government hates you. Stop loving them.

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  2. chivasontherocks
    chivasontherocks

    hang them.

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  3. Pete

    10 years ago some high level guy was spying for another nation. They caught him in the late 70’s or early 80’s. He spied for 50 years but caught him when he was about to retire.

    This isnt surprising.

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  4. JakeGint

    Pete- as I recall, there was a similar case in the UK in the early seventies– two or three Oxford/Cambridge profs caught spying for the Soviets since Stalin was a piker.
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  5. JakeGint

    Chivas- I am startled by your immediate response…

    Not! 😉

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  6. mako

    What’s the point in moving to Cuba if you can live in the lion’s den undetected for 30 years and relay info back? Based on the article, they lived a lavish lifestyle, maybe because they enjoyed it or maybe because it gave them access to certain circles to gain info (or both). I wouldn’t blame a US spy working overseas doing the same thing if he got the job done. My view is that the end justifies the means. If I was Cuba I wouldn’t care if they sent material via gold encrusted notes from a mansion or using a floating Cadillac. It’s been their mission to live here and collect intel, which they did successfully under our collective noses. Our lack of counterintel in that case is what’s odd, yes?
    Interesting article though. Well, at least we found them now. Ok let’s hang them…just kidding..but seriously…

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  7. JakeGint

    Mako — I wasn’t making a comment as to their usefulness as spies but as to their motivation.

    They allegedy “admired” Fidel’s revolution in making Cuba a golden example of better living through socialism.

    However, like a lot of “what’s good for me isn’t necessarily good for thee” liberals, they didn’t take that conviction to the most sensible level — joining El Jefe in the great paradise of social equality he had created.

    Sure, they found a way to “help out” — and what a harsh toke for them that they had to continue enjoying all the decadence of the “exploitive” West in the process.

    I agree with you on the counter-intel thing. I am consistently amazed that people with high security clearances get away with this stuff for such lenghthy periods of time. I mean, how many people have high level clearances like that, and how hard is it to police them?

    Gives me a lot of confidence about the competency of our Federal government, as if I needed more.

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