iBankCoin
Joined Apr 19, 2009
721 Blog Posts

No Prison Planet Pooftahs, Please

Sgt. Schultz
I Know…. Nosssink! 

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Regrettably, it’s come to my recent attention that my site has become infiltrated by black bag conspiracy nuts of the Alex Jones variety.  I would ask without undue rancor that knot-heads believing in the alleged 911 “Inside Job,”  the Barack Obama Birth Certificate Kerfuffle or the Bilderbergian/Illuminati Central Axis Hypothesis (whatever that means) to kindly pole-stave off to a nearby conspiracy swamp of their choosing.

You see, all political movements — left and right — have their nutty fringe, and I’d rather not indulge those fringes right now given the seriousness of our national economic and social plight.

 So please, continue thinking that you’ve got that Jewish Lobby Puppet Master thing all figured out, and do keep proferring your legal brief claiming Barack Obama is just George Bush in more fashionably cut business attire.   That’s all fine for the Cheetohs and Miller LiteLone Rifleman meetings you’ve been conducting in Mom’s basement apartment, but this site is not for such erudition.

And don’t get me wrong,  it’s not just about your poor spelling and ham-handed grasp of the Queen’s grammar that’s putting me off.  Generally, that’s an amusing byproduct, in truth.

No, the ban is really about getting serious.   We’ve got a little over a month to go to make sure the bums on both sides of the aisle get the message that we are too well informed an electorate to allow another ten year Great Depression to come about under our watch.    It’s time to make sure that we have representatives educated in economics and U.S. Civics as a baseline. 

 That means no more “government-first”  initiatives, and the only time the word “investment” should come out of a poltician’s mouth is when he or she is referring to the myriad free choices for risk capital available to the private sector.   If these rubes can’t understand “First, do no harm,” then they must at least understand “Stand down, and let the people govern themselves.”

You see, it’s an ironic verity that the PPP’s mentioned in today’s title are actually  giving the “government-firsters” ample cover by repeating their paraonoic’s claims.   In fact, it seems PPP’s can’t realize that the people who would imprison them are not wearing the jackboots of their dark dreams, but instead carrying the clip-boards and white coats of the empathetic and concerned bureaucrat. 

It’s this attitude of creeping  incrementalism that must end.   Only by remaining wholly rational in its face can we hope to return to the principles — by no means perfect, but always powerful and disposed towards freedom — that brought this country to its acme.

Instead of cursing the darkness,  light a blowtorch, and think about which candidates are seeking to keep your markets and by proxy, your civilization, free.  Then go and give them every hand you can spare.

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Looks like the dollar may have temporarily bottomed late Friday afternoon, as it’s rebounded about a quarter over the low $78 it posted then.  Tonight (midnight Monday morning) has dollar trading at $78.24 and gold and silver about flat.  I continue to hope for a bit of a pullback here, but I’m not counting any chickens and would advise caution in the coming days.   October is seasonally weak for gold, so you might be on the lookout for a nice bit of weakness with which you might ride Santa’s sleigh into the Yule holidays.

Still hedged on SLW and ANV, everything else is foot loose and fancy free.    My best to you all.

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31 comments

  1. chessnwine

    Jake,

    Would you be amenable to the idea of following Scott Bleier’s radio show with one of your own, blending politics and stocks? A sort of Tom Keene meets John Batchelor, if you will. Just an idea.

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  2. Le Fly

    I second chess’s idea.

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  3. chivo

    Jake

    In what state do you vote?

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    • Jakegint

      The State of Awesome.

      My Senate vote is not a worry, it’s my Congressman whom I’m talking about here. He’s a Pelosi lapdog with a trust fund liberal’s never worked a day in my life surety about his worldview.

      _______

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      • Madison

        I know the person of which you speak. My friend is managing all he can with a statewide apparatus to dislodge the muth. I try to keep my friend encouraged but to be true no lasting political change happens without underlying social change.

        Sound (real) money is the alpha and the omega.

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  4. Blitzed

    Jake, that would be awesome. There are a lot of people like me who follow politics so they understand political and economic issues and have strong beliefs and ideas about them, yet don’t understand how to invest in those beliefs. I have been following this site for almost 2 years. In fact, I came on just when you were being voted on as a tabbed blogger. I love Fly. I love his persona, his agility in navigating the markets, and his knowledge of managing money. I have learned a lot from Fly but I can’t do what he does. He just moves too fast. (I also tried to follow Chart Addict… Holy Shit) However, your blog, I can understand. For the past 2 years, I have been thinking gold and silver would be good investments but you showed me how to invest in them. You have a political opinion that gives you an investing style / philosophy that a lot of people can identify with.

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  5. Yogi & Boo Boo

    Has it been two years already?

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    • Jakegint

      Won’t be two years til next May, but I’ve been here since the Fly-blog was as orange as an Oompah Loompah’s ass.

      _____________

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  6. muktukchuck

    Agree with the honourable gentlemen Chess & Fly.

    BTW – Jake the economy in your part of the world should be perking up nicely, got a call from Amex = unusually high level of activity from NYC. Seems Mrs and Miss Chuck are styling in Manhattan. Just doing our part to help out.

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    • Jakegint

      That’s nice of you, but save for my sports teams, whom I still occasionally visit along with my mother, New York is no longer my part of the world.

      As for the suggestion — I’d do radio full time if I could (I’ve a face for it), but I can’t handle the pay cut at the moment.

      _______

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      • #6

        speaking of your sports teams, i was at the game last night and got there early to check out our other seats down low. Lets just say the mrs and I will be moving down next year, sorry ex-cabana boy. The way they’ve designed the stadium, our seats up top are now much higher and farther out then they were at the old stadium and you really feel the difference. Not to mention it takes 45 minutes to get up there (who designs these places? you basically have to walk around the whole stadium to get to the upper level. For 1.5 billion they should give us jetpacks to get up there.) Thankfully they won though. Sucks getting home at 1:00am with a loss.

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  7. Speak Your Mind

    “We’ve got a little over a month to go to make sure the bums on both sides of the aisle get the message that we are too well informed an electorate to allow another ten year Great Depression to come about under our watch. It’s time to make sure that we have representatives educated in economics and U.S. Civics as a baseline.”

    Yeah, it’s all conspiracy. But of course. Nothing but the status quo is the real reality. You sir, are dumber than a sack of hammers. Gullible as shit.

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    • Jakegint

      It’s a conspiracy?

      Perhaps a course or two in adult education reading comprehension skills would be suitable before casting aspersions, my dear boy?

      Just a suggestion.

      __________

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  8. Jakegint

    Dollar crashing below $78 — gold and silver soaring again.

    I will likely cover my short calls this morning.

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  9. chivo

    Bye bye 78 :O

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  10. Rand

    Ya vohl, herr comidant!

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  11. Donovan

    Saw this chart the other day on another site. Super long term view of the dollar. Dated 10/1

    http://bpt-images.s3.amazonaws.com/0193546001285966511.png

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  12. DMG

    Hoovered up MON @ $47.75

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    • Jakegint

      Just added JAG to the lists.

      Covered almost all of my short calls at a loss, but since they were hedges… no harm no foul.

      _____

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      • DMG

        Been busy today.

        JAG you say? Back up the truck under $7 you say? Interesting…

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  13. Jakegint

    Just doubled my IAG call position (Dec 17.50’s @ 1.60-.65)

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    • susie

      Jake, I’m thinking that maybe it’s about time for IAG to join the party…it used to be a very nice mover a la ANV. Not sure why it’s been lagging now. Any thoughts? TIA

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      • Teahouse On The Tracks
        Teahouse On The Tracks

        He “doubled” is call position in IAG …. that says it all, no?

        PS: Excuse my avatar … it’s for bears

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        • susie

          Teahouse, yeah, thanks for clarifying it for me. Was up most of the night with a sick baby and powered today with caffeine. I guess that explains my mental slowness today LOL!

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          • JakeGint

            My fault, I should have been more clear, as I’ve been talking about “short calls” this week as hedges.

            This is a long call position, the first part of which I’d put on about three weeks ago. I also have calls in SLW (100) but did not add to them today.

            I did get some JAG and a bit more EXK today though.

            FWIW — I haven’t gotten enough sleep in about 14 years (my oldest is 14 now).

            ________

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          • Teahouse On The Tracks
            Teahouse On The Tracks

            susie … see if this helps (from Investopedia);

            “IAMGOLD (NYSE:IAG) may find that it is in an unsustainable no man’s land – the company is not a major yet, but it may soon be too big to really be a junior. Unfortunately, the company is currently being held back by operating costs that are not that favorable on a relative basis, and there may be some lingering discount due to the company’s past history as a non-operator. Nevertheless, the company has valuable assets in Africa, South America and Canada, and is also a significant producer of the rare earth element niobium. If the company finds that it cannot get enough love from IAMGOLD to make its shares attractive as buyout bait, it would not be shocking to see this company take a bid itself. “

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