The amount of whining I’ve seen on this site recently is only rivaled by that of ESPN’s Steve Young and Trent Dilfer after last night’s hilarious game.
Suck it up, Trebeck, it’s a bull market! Benjamin Bernanke has decreed that all asset markets should rise in honor of Grand Marshall Obama and, well, you know what they used to say to Yul Brynner in pajama pants, right? “So it is written, so it shall be done.” And that’s it.
So get in the Unimog. We’re gonna let Arnold drive, and roll over some bears even as the world collapses. And don’t worry about Romney. He’ll be fine, especially after the debates when he shows President Empty Suit what an economics degree looks like. Maybe some of you fanboi’s might take notice as well, though I’m not holding my breath.
What do you know? One of my favorite “grandmama” stocks has broken out — Urstadt Biddle Properties (NYSE: UBA). Why? Because they own scarce retail real estate in one of the richest areas on this earth outside of never-fail-land, Washington, D.C. That would be Westchester, Fairfield and Putnam counties, otherwise known as the fully developed northern suburbs of New York City. It never fails — when scare resources are chased by too many dollars, their value rises. Just like gold, just like silver. I love the management as well. The eponymous octogenarian CEO and majority owner, Charles Urstadt, is an old school Dartmouth athlete, who still swims around the island of Manhattan in his spare time. He is a pisser around the bourbon bar as well. Go up to Greenwich and see him, why don’t you? Buy and hold forever.
Almost all my gold and silver favorites are approaching buy levels again, and these will hold til Santa day, minimum. I really like AUY here on the gold side. For silver, I like AG. A lot.
If you are going to cry about something, don’t let it be for stocks or a stupid replacement ref. Let it be for some light that has passed from the earth. Like the bright light of Luciano Pavarotti, the angelus. I saw Puccini’s Tosca last weekend and it was sublime, but the first opera I ever saw (only some six years back) was another Puccini masterwork… Turandot. Check out this famous aria from that classic, as sung by Luciano… give it a second and you will recognize it I have no doubt. Does it not transcend all boundaries, all tastes?
It is a blessing, there’s just no other description:
Best to you all.
33 Responses to Shut up and Get in the Unimog
That is no way to honour Grand Marshall Obama, Fly.
Now get in the Unimog for re-education! There are rumours that your ballot may be waivering!
Thanks Jakes. I started buying AG today,,, might bit too early, but will keep buying : ) What is your target for AG till X’mas? My mom introduced me Pavarotti’s voice and opera when I was little. Since then I enjoy his genius.
I think we see new highs in AG by Santa’s arrival. Over $26 at least.
dont u mean 10 pts too late?
I HAVE A CONFESSION:
A Romney/Schwarzenegger ticket would have absolutely landslided (sic) the ballot box.
Secretary of State Schwarzenegger has a nice ring to it. Talk about domination in negotiation.
Hm… Maybe not given Drones + NDAA + The Governator = a dangerous equation.
Okay. Ambassador Schwarzenegger?
Yeah. Put Arnny in at a critical Checkerboard Embossy (sic).
Just can’t listen to that stuff. Music From Big Pink is much, much better to listen to as I look into the future and see RGLD and SLW double from these levels.
I used to be the same way. It’s an acquired thing, to be sure. It’s really amazing once you start getting into it, though. There’s a reason it’s classical.
Seeing it in person, on the stage, helps a tonne.
I just gave it another listen. The problem is I don’t understand a word of what he is saying.
Yes, well that’s another advantage to going to see it in person. All modern operas now have supertitles above the stage so you can follow along.
The dialogue is relatively simple but it’s the feeling in the singing that comes through.
Very profound but too much for my existential thinking. I will stick with Phish.
ROFL. That Dead wannabe band?
Other than the fact that both the Dead and Phish improvise on stage, I don’t know why people make that comparison.
He swims around Manhattan?
Is that before or after the tetanus shots?
I do think he has to get shots, but a bunch of bankers and other professionals do it every year, apparently.
Dude is a nut, but he’s got the Dartmouth pool named after him, so how bad can he be?
Seriously TC, I’ve met both of you, and you would love this guy. He’s like an old time party animal, yet with a respectable gentlemen’s demeanor. He used to work for Rockefeller back in the 70′s.
Mrs. Anton dragged me to the opening of opera season in Santa Fe years ago to see La Traviata. We go to the opera as often as possible now. So much better than I had imagined. I allow Mrs. Anton to drag me places with less friction than in the past as a result.
This doesn’t mean we should put up with replacement refs, however, anymore than we should accept Rick Ross as a sub for Pavarotti.
I got involved because I was somewhat chump-tricked into being on the board. Long story, but it worked out well in the end.
the weekend unimog
Bought some more AUY and GSSssssssssssssss.
any opinion on SAND?
I’m holding some SAND. Here’s Nolan Watson interview: http://www.youtube.com/watch?v=efZXdmkucRk&feature=youtu.be
Nice one… I don’t own it.
Yes, do take a look, Jake. Young Nolan seems to be working the same magic at SAND that he did with SLW. At any rate, I do like the streamers and they are getting a lot of favorable press in Canada. Thanks for reminding us of the genius of Pavarotti. It does transcend all boundaries; my three-year-old enjoys Nessun dorma as much as I do.
Thanks. will look forward to Jakes opinion on this.
I’ve owned it since early this summer after 2 different analysts recommended it.
Last week David Burrows, President, Barometer Capital Management said:
“Sandstorm Gold (SSL TSX-V) Last Purchase Sept. 12 at $9.83
Sandstorm is a gold streaming company that finances gold production companies in return for royalties or the right to buy production at a fixed price. Production royalties of roughly 33,000 ounces this year are likely to grow to over 60,000 ounces by 2015.”
On July 11, James Hodgins, Chief Investment Officer, Curvature Hedge Strategies Said:
“Sandstorm Gold (SSL TSX) Most recent purchase two weeks ago at roughly $8.15.
Our research shows that the gold sector is about to move materially higher over the next three months as investors realize that central banks globally are about to embark on debt monetization greater than in 2008/2009. Sandstorm is an ideal vehicle to play this as it has extreme production and cash flow growth with less operational risk than junior/intermediate producers. The stock will also be listed on the NYSE this quarter which should be a catalyst for a significant rise in the share price.”
In June, James Hodgins, Chief Investment Officer, Curvature Hedge Strategies Said:
“Sandstorm Gold (SSL TSX-V) Sandstorm provides an upside play on the gold price while diversifying execution risk and the stock is undervalued by roughly 40 percent vs. its larger peers in Franco-Nevada and Randgold. It is expected to list on the NYSE next quarter which will bring new investors into the stock and drive a re-rating higher. Our one-year target is $12.00.”
In June, Alice Tsang, Portfolio Manager, Marquest Asset Management said:
“Sandstorm Gold (SSL TSX-V) Sandstorm enables investors to gain exposure to gold without having to absorb ongoing operating risks. Current economic environment benefits gold stream companies as it allows them to engage in more accretive deals and thereby further strengthen their project pipelines. Sandstorm trades at a significant discount to their larger cap peers. We expect valuation of Sandstorm to improve as the company grows and diversifies its production base.”
Ha ha… the last lines of Nessun Dorma?
“Vanish, o night!
Set, stars! Set, stars!
At dawn, I will win! I will win! I will win! “
Jake! Worth taking the foot off the pedal on PM stocks for a bit would you say? Dollar looking like it wants to drift higher.
Jake, like Sir Robert Hooke, I’m curious about your take on the dollar as well. Thanks for your time and have a great weekend!
The dollar is confusing me Jake. I too have the same question.
Fly has commenced operation ban the Blind Man for my political speech.
Maybe you’ll find better stead.
Might you give a review of the debate?
I would, but realize that I cannot speak freely at $IBC (sad to say).
Jake, what are your thoughts on TC here?
Sir. Post some shit! We are all waiting.
Where are you Sir ? So, no more PMs, now is the time to sell ??
Please give us the light.