Make no mistake, we’re still in the midst of a full out Horatio Nelson-type naval battle, here, with the combined cannonades of inflation and deflation, public & private sector debt, multi-headed “government assistance,” increasing taxation, shrinking consumption and worsening unemployment all being fired in unison at Her Majesty’s Portfolio Cruiser, the H.M.S Winship.
Luckily her sides are reinforced with a near-impenatrable alloy of silver, gold, molybdenum and all the various metallic crap that Teck Cominco Limited (USA) [[TCK]] pulls out of the earth. For weapons systems, she’s got the finest grain elevator launchers of the fleet, courtesy of The Andersons, Inc. [[ANDE]] , which are in turn able to switch over to ethanol firing nozzles ready to inebriate the various Treasury pirates swinging off their black ships in boarding party fashion. It doesn’t take much.
Speaking of those Treasury pirates, Lt. Commander Montgomery Scott himself would trade all his dilithium crystals for a shot at the defense shields provided by [[TBT]] , the “un-Treasuries” which will keep our ship sound and well-tarred in the coming T-Bond puke, courtesy of our trading partners, formerly known as “Barnum’s Finest.” Looks like I should’ve grabbed a couple more of those on Friday as they bounced right off the pullback, but I was remiss. Maybe Monday.
In the meantime, I’m feeling increasingly good about the prospects of the overall market (at least short term), and of my gold & silver plays. Let’s take the latter first:
That monster stick on the weekly off the channel bottom, and through the 50% fib line is giving me the warm and fuzzies. The outrageously cautious may wish to wait until we break that downtrend line, and guess what? You’ll still be better off than those who bought at the end of May, early June.
Here’s the other reason I really like the sound money plays here:
I don’t know about you, but I think the cards are pointing to a less expensive dollar again. Odd, no?
For my part, I will be collecting more juniors here, including Rubicon Minerals Corp. (USA) [[RBY]] , [[BAA]] , [[EXK]] , Allied Nevada Gold Corp. [[ANV]] , and my new favourite (sic) Sir Walter’s Scott’s knight in shining armor — Ivanhoe Mines Ltd. (USA) [[IVN]] . Of course all the Jackson’s are great as well, but especially the silvers — Silver Wheaton Corp. (USA) [[SLW]] , Silver Standard Resources Inc. (USA) [[SSRI]] , and [[PAAS]] .
Last, I think it’s imperative to realize why the dollar is getting skunked here. Part of it is the deficits and debt we’ve already pledged to fund with the help of our suckers, er, trading partners.
Part of it is a result of the promise of even more ridiculous legislation being rammed through Congress right now by feckless Congresscritters who are not even reading these bills. Take a look at some of the yeoman’s work done by retired Marine Peter Fleckenstein on the first 400 pages of the House health care monstrosity. Really, if you were just thinking that they could get this through without it having any effect on you and your family — well, you’ll see that you’ve had your head in the sand.
This is nothing less than the largest freedom grab in our country’s history — bar nothing, zero zip. Try and read Peter’s parsing without getting a chill down your spine.
Last, I’ve included the Jackson Review. I really should have allocated more cash last week. I will do so for sure this week, so as not to continue lagging the performance of the straight stocks.
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| Name/ | % | % | Portfolio | Portfolio | |||||
| Ticker | 16-Jul | Change | 17-Jul | Change | Value | Impact | Comments | ||
| ANDE | $ 29.30 | $ 28.47 | -2.83% | $ 8,596 | -0.15% | 50 day still not out of question ($26.40) | |||
| EGO | 9.20 | 9.21 | 0.11% | $ 8,630 | 0.01% | Could be due for a little more pullback | |||
| GDX | 38.33 | 38.64 | 0.81% | $ 11,695 | 0.06% | Consolidating | |||
| GLD | 91.98 | 91.93 | -0.05% | $ 10,573 | 0.00% | Over 20 & 50 days, but consolidating | |||
| IAG | 10.05 | 10.22 | 1.69% | $ 12,602 | 0.13% | 10.60’s next resistance | |||
| MON | 75.74 | 75.41 | -0.44% | $ 4,423 | -0.01% | Pulled back, as expected. | |||
| NRP | 22.89 | 23.12 | 1.00% | $ 4,799 | 0.03% | Overbot, but still strong | |||
| PAAS | 19.12 | 19.24 | 0.63% | $ 11,556 | 0.04% | 200 day @ 19.27 | |||
| RGLD | 40.59 | 40.67 | 0.20% | $ 11,238 | 0.01% | Still under 20 & 50 day. | |||
| SLV | 13.09 | 13.17 | 0.61% | $ 10,699 | 0.04% | Back over 200 day, but overbot/. | |||
| SLW | 8.39 | 8.48 | 1.07% | $ 8,237 | 0.05% | $8.50 major resistance. | |||
| SSRI | 18.76 | 19.15 | 2.08% | $ 11,140 | 0.14% | Needs back over $19. | |||
| TBT | 52.00 | 53.56 | 3.00% | $ 10,669 | 0.19% | Will likely buy tomorrow on this pullback | |||
| TC | 11.81 | 12.36 | 4.66% | $ 5,798 | 0.16% | Getting ready to crank one out | |||
| TCK | 20.03 | 21.06 | 5.14% | $ 14,003 | 0.43% | JUST BTFO. Likely consolidate now. | |||
| TZA | 20.35 | 20.64 | 1.44% | $ 4,159 | 0.04% | Prolly get some strength tomorrow | |||
| Cash (000) | $ 26.42 | $ 26.42 | 0.01% | 26,420.79 | 0.00% | Same | |||
| AVG (daily) | 1.13% | $ 175,236 | 1.17% | ||||||
| AVG (monthly) | 4.03% | Actual | |||||||
| AVG (inception) | 17.50% | Return | 16.82% | ||||||
Don’t forget BIOS too.
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Thank God the UK has upgraded from the aluminum hulled shit of Falkland Island fame. Of course thats not going to help my aa stock..Fucking French missle
Yes — Exocet or something like that, wasn’t it? Somewhat ironic, 170 some odd years after Waterloo…
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This is so gold, it might be 24 karat:
Dem Senators — not even “Socialist” Bernie Sanders (!!) — Vote NO on Making the Senate Share the Same “Obamacare” plan they’ve Cooked up for their fellow citizens!
Oh, the humanity!
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More good stuff: Tom Coburn (R-OK) seeks to make Congress justify their actions as “Constitutional.”
Keep fighting the good fight, Tom.
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Probably one of the most important articles I’ve read all year (and wil likely do a separat post on this one):
The Obsolete New York Model.
Fly’s getting out just in time…
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Jake:
Do you know if the battleship in the photo is the Iowa – BB61?
I rode it once as a civilian in the late ’80s on a break-in run to Vieques, Puerto Rico and experienced $10 million of ordinance being deployed during tests.
Even down on the lowest deck the 16″ Mark 7 guns made the entire ship shake. It was awesome.
Zen — I can’t be certain, as I ripped that awesome pic off Google images, and it’s not attributed save as a generic “battleship.”
However — there are other shots of battleships firing (from the bird’s eye view) available, and they are the Iowa, which apparently, along with the Wisconsin, was put up for sale a number of years ago (for museum purposes, etc.).
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I found this one here, which looks identical:
http://en.wikipedia.org/wiki/File:BB61_USS_Iowa_BB61_broadside_USN.
I was on it 2 years later than this pix. Fond memories.
…
Jake – Nice riposte on immigration over on Fly’s thread. It’s certainly one of our greatest strengths in economic growth. One day China will pay for its one child policy, but it’s probably a while off.
Thanks, mon. I am “liberal” about people wanting to come here to work and contribute. It’s only common sense.
I am not a big fan of Balkanization, however. I think it’s important that kids learn English, for example.
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This is pretty cool — Global internet usage… and growth!
Go go Brasilia.
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Brasilia (Brasília) is a city.
Brazil (or Brasil, if you’re insisting on Portuguese) is the country.
So?
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So you were cheering on just the city, not the whole country?
Yes, that city is very dear to my heart.
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Teck-Cominco has done very well for you and yours, congrats Mr.Gint.
On the PM front: another producer to keep on your ship’s radar: Northgate Minerals. Why they haven’t bothered to add ‘Gold’ somewhere in their company name, I have no idea.
Caution: Your hero, Jackson, might not like them much as NXG plays very nicely with indigenous populations, rather than cutting off their noses for trophies and making bridles from their skins. And you may well not care for them either, as they are ‘Canuckistanian’ based. To me, they reek of lucre.
I have recommended NXG on this blog many a time, pot-infused hippy.
Pay closer attention and/or stay away from the brain rotting Howard Zinn methamphetamine solutions.
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Always hating on my boy Howard.
Such rancour [sic]…just because he doesn’t just put the white man front & center?!
No, it’s because he’s a shit eating Stalinist asshat bleating from the dustbin of history.
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Well don’t stop there. Tell me how you REALLY feel about him?
On 2nd thought… never mind, you’ll probably just add to your litany of insults, which really isn’t constructive at all.
Don’t worry. This college liberal thing is just a passing phase.
If you’re lucky.
If not…. see below. 😉
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I’m not worried. The grass is greener and happier on my side.
Here’s a ‘constructive'(granted, written by Dan Flynn who would never be mistaken for a liberal) critique of Zinn’s fiction-based history book, “A People’s History of the United States.”
http://hnn.us/articles/1493.html
Indeed Flynn is not a liberal. And the fact that he dislikes Zinn’s book just proves Zinn’s point that it is ultimately futile to try to represent history from an unbiased perspective. As it has often been said, “history is written by the victors”. Being biased, having a point-of-view, is simply the nature of our being. One man’s terrorist is another man’s freedom fighter, whether you like it or not.
Many moons ago people like Zinn might have been persecuted for writing a book wherein the main goal is not to celebrate America (as ‘standard’ history texts tend to do), but rather to point out ways that we might have failed and where we could improve. Learn from your mistakes, no?
The biggest reason Zinn’s book gets used in classrooms is because it encourages discussion. It is an opinionated text, designed to challenge minds and encourage critical thinking.
Peez,
All due respect, you sound so much like a college kid. Your leftard professors try to fill you up with “there’s no truth” or “everything is relative” or “You make your own morality.”
Dig a little deeper and you’ll find this is how leftards excuse themselves for fucking up society. After all, if truth is relative, and morality is subjective, who can blame them for backing Stalin for all those years?
The important thing is — they are objectively wrong, but since they have convinced you (via idiocy and made up bullshit like Zinn’s) that you can never know truth anyway, then — and this is important — they are not fools!
Because pride, and not feeling themselves asstards is more important to these ivory tower asshats than actually feeding a child or saving a woman from a burning building.
As I said, you will learn. But stay off the grass anyway… it retards the process.
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From the article on Zinn’s propaganda:
Zinn utters perhaps the most honest words of A People’s History of the United States in the conclusion of the book’s 1995 edition, conceding that his work is “a biased account.” “I am not troubled by that,” he adds, “because the mountain of history books under which we all stand leans so heavily in the other direction—so tremblingly respectful of states and statesmen and so disrespectful, by inattention, to people’s movements—that we need some counterforce to avoid being crushed into submission.” Perhaps the reason they lean so heavily in the other direction is that they are based on facts, not leftwing prejudice.
“I wanted my writing of history and my teaching of history to be a part of social struggle,” Zinn remarks in an interview conducted long after the release of A People’s History of the United States. “I wanted to be a part of history and not just a recorder and teacher of history. So that kind of attitude towards history, history itself as a political act, has always informed my writing and my teaching.” Indeed it has. Only let’s not call it history. Howard Zinn is a master of cheap Marxist propaganda. His book is a dagger aimed at the heart the country that has given him more freedom than most of the writers who have ever written and made him a millionaire in the process.
There’s no question in my mind that I’d much rather be a “college kid” (or at least sound like one) who questions things, realizes that there may be more than 1 viewpoint, and yes, recognizes that EVERYTHING in this life is relative.
Having personally seen and experienced history rewritten from different perspectives (you’d be very surprised how different things look from a Commie Russian, a Post-Soviet Central European, an ‘accepted’/’standard’ American, and a Howard Zinnian vantage point) in my “relatively” short lifetime has only reinforced my ideals.
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You must’ve forgotten much of your own college experience (or perhaps things were very different ‘back’ then), but none of my professors ever claimed to be infallible. If there was one similarity amongst all of them was the willingness to take the chance of looking like a fool as they encouraged and invited open discussion with the class.
And you’re right…this made them look like ‘not fools’. Instead, it made them intelligent and capable instructors. The only foolish thing they could’ve done was to preach just one viewpoint and call it good.
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You probably won’t agree with any of this and you’ll just dismiss them with a clever turn-of-phrase and/or generalization. Of course, I don’t really care, I don’t strive on agreement. I would possibly enjoy some discussion…but arguing over here is like playing wall ball by yourself – the same shit just comes back at you every time.
So sorry for “fucking up” your perfect society. Perhaps one day you can elaborate on how I’m contributing to the downfall of Western Civilization.
Until then, enjoy your carefully crafted political bubble. You know, the one where only your opinion matters since, as you’re well aware, you’re always right. Be sure to keep those seams in perfect condition though….lest your air get contaminated.
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I meant grass as in the saying “the grass is always greener…” Got no problem with weed…I just do not partake.
You must not have gone to the right schools. I went to what is considered “the best.” Not a brag, just truth.
Almost to a man, the professors were arrogant about “assayed truth” — which was their Zinnian version of things. If you strayed from the line, expect to be publicly estranged and put your grades in peril.
You must have gone to college decades ago, it’s a lot diffferent now.
And yes, your Eastern European background gives you something of a pass. It’s tough to break from cradle to grave indoctrination. The wall crumbling did nothing to wash away so deep a grain.
Save your patronizing “bubble construction” speech. I’ve been inside the bubble.. and popped it. The left academic bubble is a fantasy land that exists within the campus, but nowhere else.
Adult Disneyland is not good for children and other growing things.
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Uhh…you realize there’s a reason that we rebelled. We DIDN’T LIKE the Soviet system. Most people don’t rebel against their “cradle-to-grave indoctrination”.
I don’t deny that it shaped, but to think that I believe in the validity of the Soviet system is just simply dumb. Please note, that the Soviet system, Marxism, Socialism, and my beliefs are all different. To lump them all together under 1 flag is just a convenient way for you to direct your anger at those who you consider inferior.
But I’ll leave the patronizing to you; you’re much better at it.
And I’m sorry your college education sucked. I seem to have made a much better choice in this respect. Your professors must have been more concerned with their own advancement and research rather than the proper education of young minds. So much for going to the “best” schools. East Cost/Ivy League, I’m assuming?
lol, my comment is awaiting moderation. how ironically appropriate.
DPZ – i think i asked you where you are originally from – a while back when you mentioned you were about to take the test for citizenship. If you responded, i missed it. Can you tell me?
I know you’re in IT, so that explains a lot but i’m curious to know from where you emmigrated.
I’m not in IT, although I’m not sure what you were trying insinuate there. I’m in (electrical) engineering.
I was born in (what used to be) Czechoslovakia. Fortunately, the revolution of 1989 came just in time to save me from having to join the Communist party (as all citizens were required to do).
So make of those facts what you will.
My opinions have been shaped by my rather interesting childhood, a subsequent move to America, where so far I’ve got to experience the liberal culture of Seattle and the midwest conservatism of Indiana (where I got some of my edumacation). And now I’m in NorCal, where I get a bit of both.
Hey, learn to take a barbed compliment gracefully, willya Jake?
I’m sorry, I didn’t realize you were currently holding any NXG at this time. Appy polly logies to thee and thine.
” … brain rotting Howard Zinn methamphetamine…” Hehe, now there are three things I never, ever, expected to see in the same sentence over the course of my entire life. But then, when truth stings a jingoist, the result does tend to be incoherent blather. You know meth? I no Meth. ‘ Pot infused’? I wish, but the right wing loonies keep warring in a drunken maniacal rage (ironic, no?) with the righteously red-eyed, who are really just hoping to land a bag of crisps, and I would never risk my family’s security on such a frivolous pasttime. Unless one of them got something terminal, and it was the only relief from their symptoms they could find. But then, it wouldn’t be a frivolous risk, now would it? Would you do the same, I wonder?
What are you on about now, hippy?
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Jake, have you had a stroke or some’at? You seem to have the cognitive ability of a Ronald Reagan, in his later years. Just nm, carry on blithely.
For some reason your rhetoric always reminds me of this: Can’t seem to face up to the facts
Stay off the glue, patchouli breath.
Don’t worry about my health Jake. Enjoy your enormous MON tomatoes and animal lips compressed into the shape of a phallus (aka hot dogs). Which, if I am not entirely mistaken, may well contain phallus too! mmm, good for you!
Some bummer news from the Beasties.
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RE:”“a biased account.” LOL! Yah, Howard Zinn does lean a lot more towards the truth than Max the 2000 year-old Mouse , where Jake seems to have obtained his history lessons unwillingly between ads on Saturday Mornings.
UPDATE: We did break down out of that $USD bear flag as predicted… that means even better days for the PM’s.
I will get the charts up tomorrow.
Good night.
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