A great day for Jackson, the posthumously mentioned President to whose name I’ve appended the Core Holdings. This other Jackson, I’m not so sure, as I haven’t heard much from him recently. It’s quite possible he’s retired now, having achieved the final goal of his career — having an African American pro-abortionist receive an honorary degree from Notre Dame!
Er, I mean seeing an African American elected U.S. President of course!
Oh who knows, anyway? He’s smiling about something at least, which, as Aunt Martha will tell you, is a good thing.
Today was surprising, to say the least, especially as I had been worrying my fingernails all weekend contemplating the words of my oft-prescient asset manager friend Chivas on the Rocks. To be specific Mr. Peanut Butter Jelly Time told us Friday — “Hit the deck, it’s (likley a) Gap down Monday!”
Luckily for me and mine, I weighed that sage advice against the lowing of the PermaTard community also gibbering and capering all last week about the End Times and the Death of the Sun, like some primitive bushmen frightened by the eclipse. Volcano fodder, I claim these pagans be, and so good contrarain indicators as well. I held my ground, by Jupiter’s Stone, Mars’ gall bladder and Juno’s clavicle.
So whether it was donkey dumb luck or Irish stubborness (some might say those’re the same) that kept me long –save for the small position in SRS (which I won’t sell) and the hedges I’ve mentioned previously — I really can’t tell you. However, that stance has served me well these last nine weeks, and I shant turn agin’ it until I see the curl o’ the wave.
Don’t get me wrong, I’m not seeking to get measured for a clown coffin, complete with “Bozo holes” in the base for shoe accomodation. We are building the Jacksonian Portfolio for uglier days, after all. But for now the ship sails in Carribean sun and we shall bask on her decks alongside the complimentary Hooter’s girls and chilled Dos Equis.
Heck, we may even keep this [[SONS]] and [[QSII]] position a couple of more days just for shizzles and the gizzles.
In the meantime, your Jacksonian Core Holding Portfolio is as substantial as the enameled decks of our sun bathing clipper ship. Mind, it will serve you well when it’s time to batten down the hatches. Today’s readings:
ANDE — $22.87 (+7.32%)
GDX — $37.49 (-0.42%)
GLD — $90.36 (-1.30)
IAG — $9.76 (-0.71%)
PAAS — $18.73 (+0.38%)
RGLD — $39.80 (-0.43%)
SLV — $13.58 (-1.38%)
SLW — $8.80 (+2.56%)
SSRI — $19.38 (+1.68%)
TBT — $50.50(+2.79%)
TC — $8.23 (+7.58%)
TSO — $16.70 (+0.60%)
_____________________________
UPDATE: The Jacksonian Silver Plays are leaving the station (SSRI, SLW, PAAS). I also bot 5k more of EXK for giggles (ie, NOT a Jacksonian stock by a long shot).
Caveat: If you decide to purchase EXK your family will be kidnapped by gypsy werewolves one day after the Lone Ranger stops by to borrow your last silver bullet cartridge. And you could lose your investment.
_____________________
If you enjoy the content at iBankCoin, please follow us on Twitter
sweet lord, just had a heart attack
LOL. I like to keep people on their toes.
Look for other Jacksons in future.
_______
buying gold and silver tomorrow Jake, just materializing my picks
THAT FACE…I vomited in my mouth..be careful Jake the fucker will threaten to Boycott your blog unless you “Donate” a little Geld to the monochromatic Rainbow Coalition
I’m sorry, Ms. Jackson…
Yo. Yo. Check it out. Man, that didn’t work for me dawg. Yo. I played in Journey. Shoulda picked me, dawg.
Yo, don’t forget about that SVMFF I told you about. Now trading on the NYSE: SVM.
Yo. Check it.
http://finance.yahoo.com/q?s=svm
I think i might free up some capital for TC. May start to accumulate positions in AUY, PAAS, SSRI, NSU, CGR. or might just wait for those to breakout before I do so.
Josh — Prudent.
____________
Meanwhile, in Canuckistan (hat tip to the inimitable Mark Steyn):
Escalating Control [Mark Steyn]
(From the Globe & Mail):
MONTREAL — Anyone who has ridden an escalator and bothered to pay attention has seen – and likely ignored – little signs suggesting riders hold the grimy handrail.
In Montreal’s subway system, the friendly advice seems to have taken on the force of law, backed by a $100 fine.
Bela Kosoian, a 38-year-old mother of two, says when she didn’t hold the handrail Wednesday she was cuffed, dragged into a small holding cell and fined.
“It was horrible, disgusting behaviour [by police],” said Ms. Kosoian, a 38-year-old student of international law. “I did nothing wrong. They should go find the guys who stole my tires off the balcony.”
Pausing only to wonder idly whether the expressions “38-year-old student of international law” and “the guys who stole my tires off the balcony” have ever been used in the same paragraph in the entire history of the English language, we read on to find experts dismissing the plea in mitigation by Ms. Kosoian (an immigrant from the former Soviet republic of Georgia) that she “feared catching a new bug”:
A leading germ expert says you are more likely to fall down an escalator than catch illness from a handrail.
_____
Steyn comment: “All the more reason to criminalize hands-free riding then.”
_______
Awww, Jake, please don’t call Quebec a part of Canada. Those fuckers don’t want to be Canadian. Also, Quebec is the most corrupt jurisdiction in North America. Fuck them.
Prairie dog — careful now, or you’ll bring your more liberal brethren a’ runnning.
You gotta love Steyn though. Guy is absolutely brilliant and always lol funny.
________
this correction has a lot further to go.
dip buyers will get hurt.
Josh, you may finally get your gap down come monday
my dear friend, the above is what i said. not hit the deck or even likely.
as for you worrying your fingernails, BS, they probably just needed clipping. did you clip them?
i am still short and even more bearish, short to intermediate term. will be adding to shorts. will post when i do.
we do agree on one thing, since most people are expecting a kiss of the 200 day, either we go above or don’t make it. as of right now i am inclined to believe that we fail. we will see.
one day at a time.
short 150k QQQQ 34.98
short 75k DIA 85.29
C’mon C, this is an entertainment show, I gotta juice up the real-life dramedy for the ratings… 😉
________
LOL. hell, you have top ratings already.
btw, i don’t manage money anymore. it’s all my dime now.
Jake – hadn’t really checked Steyn out, but now that I’ve perused his site, I may have to keep an eye on it. He looks like he follows the dictum of ‘if you aren’t pissing people off, you aren’t doing it right’ – I like.
C- if shorting $12 mm isn’t “managing money,” then I don’t know what to call it….
Maybe “poking money with a sharp stick?”
___
P-dawg- Steyn is a national treasure, for BOTH our countries. Read everything of his you can get your hands on, he’s a Renaissance man.
___
lol. point taken. you know i was taking about OPM.
Steyn is a national treasure
Amen.
lol. point taken. you know i was taking about OPM.
Well, technically, at one point it was all OPM… and now, via con Dios, it’s COTR-M.
____________
COTR-M ?
Nice piece in the Montreal Gazette last week:
What else could be done? Reduce outstanding mortgages for those who need it the most, improve financial information and draft regulation that aims to get rid of conflicts of interests and sets the right incentives for executives. In other words, democratize finance! Wouldn’t that be a change we could really believe in?
Jake – I don’t think cdnprairiedog needs to worry about “liberal bretheren” because the health care system Canada has started out his way: http://en.wikipedia.org/wiki/Health_care_in_Canada#The_beginning_of_coverage
COTR-M ?
Chivas on the Rocks’ Money.
__________
LOL. me estupido. thanks. amen.
What else could be done? Reduce outstanding mortgages for those who need it the most, improve financial information and draft regulation that aims to get rid of conflicts of interests and sets the right incentives for executives. In other words, democratize finance! Wouldn’t that be a change we could really believe in?
Why do they use the word “democratize” when they really mean “socialize?”
Are they intentionally obfuscating, or merely ignorant?
The great triumph of Lenin vis a vis the “useful idiots” is that some 82 years after his death, we now have people “sharing his message” without even knowing they are doing it.
As for your article on the health care system — I noted this:
In 1996, when faced with a large budget shortfall, the Liberal federal government merged the health transfers with the transfers for other social programs into the Canada Health and Social Transfer, and overall funding levels were cut. This placed considerable pressure on the provinces, and combined with population aging and the generally high rate of inflation in health costs, has caused problems with the system.
That was twelve years ago.
________
And it’s still cheaper than the cost of health care down there Jake.
Also, the health care system here is one of the reasons that Canada has the 3rd best quality of life.
http://en.wikipedia.org/wiki/List_of_countries_by_Human_Development_Index
And it’s still cheaper than the cost of health care down there Jake.
Yeah, that’s just what I’m looking for when I need a life saving operation: Shit on the cheap.
Moreover, the reason I posted that excerpt was because it referred to the breakdown in the provisioning. I don’t expect “price” to the consumer to rise, in other words, but rather quality to continue to deteriorate.
_________
_________
You incorrectly assume that life threatening operations are delayed.
“Privatised health care” is a failed venture. Just like most of the Friedman ideology it’s a sham that allows corporations to dictate policies that are good for their bottom line but bad for any citizen that is not in the highest tax bracket.
After so many years of our healthcare system one would expect that the HDI score for Canada would be lower but, inexplicably (to the rabid laissez-faire ideologues) Canada consistently outscores the States.
NRP taking my words of warning to heart…
Up 7% since I threatened it with expulsion from the JCHP.
___________
The Canadian Health Care system is a Ponzi scheme. It will be decimated by the onslaught of aging baby boomers. (That is particularly irksome to me, because I did not win the demographic lottery.)
User fees are creeping in for such uncommon procedures as the “Annual Physical Examination”. One hospital in Edmonton just got handed a 15% cut to its elective surgery list for the next little while. Signs of the coming times…
“Privatised health care” is a failed venture. Just like most of the Friedman ideology it’s a sham that allows corporations to dictate policies that are good for their bottom line but bad for any citizen that is not in the highest tax bracket.
Again, your maleducation fails you, so I do not blame. The “system” we have today in the U.S. is almost as far from “private” as is your more Marxist one.
The system (and all systems extant) actually need privatization, as they are all currently failures –yours just more than ours.
_____________
The Canadian Health Care system is a Ponzi scheme. It will be decimated by the onslaught of aging baby boomers. (That is particularly irksome to me, because I did not win the demographic lottery.)
User fees are creeping in for such uncommon procedures as the “Annual Physical Examination”. One hospital in Edmonton just got handed a 15% cut to its elective surgery list for the next little while. Signs of the coming times…
Ironic that you are called the prairie dog when your more liberal compatriot is the one with his head in the sand.
I wonder if I could assemble 29 million mostly white and Asian people in the U.S. and get a higher “score” than his socialist tally?
Leaving aside the fact that a large part of the measure for such biased parties relies on whether the nation offers socialized health care or not! lol.
_________
Are you familiar with the history of Latin America Jake?
After Theodore Schulz baldly proclaimed “We want [the third world] to work out their economic salvation by relating themselves to us and by using our way of achieving their economic development” (Reference: Pinochet’s Economists: The Chicago School in Chile)
Make not this mistake: Pinochet ruined his country economically as was directed to him by the ITT* and by “Los Chicago Boys” in an attempt to make Friedman’s theory come to life.
It was an unmitigated disaster. The country only began turning around economically when he (Pinochet) fired “Los Chicago Boys” and began renationalizing the companies that they had argued must be “free”.
*as validated by the then president of ITT before a Senate investigation in 1973
In fact, the sad truth that Friedmanistas can’t seem to grasp is that everywhere his ideas have been implemented it has been by the hand and maintained only under the most brutal of fascist regimes: Chile, Argentina, Uruguay, Brazil, and Indonesia to name a few.
And make no mistake, while I was happy that Hell had him as a new citizen – I was deeply sad that Pinochet never faced justice for his crimes against humanity.
ROFLMAO!
What the fuck do you read? Marxism Today? You are a serious loon.
Has American been “maintained” under “brutal fascist regimes?”
And what is up with you Marxists needing to you “ista” on the back of everything? Is that some kind of radical chic thing?
Classical liberalism was not invented by Milton Friedman, or even the Austrian or Chicago Schools. That’s the ONLY system that’s ever worked for a growing economy, and since it’s been abandoned for the most part in the U.K. and most of its commonwealth, it’s rare you’ll find it being used exclusively.
Latin America consists, for the most part, of established feudal system, and it’s very difficult to advance free market economics in states where the governments are controlled by either a social elite (ie, Statist/Marxist) or an economic (ie, landed gentry) elite.
It will be very difficult for LA to come out of this centuries old fugue, which it brought over from Europe pre-socialism, but mark my words, the way of Fidel and Chavez ain’t the way out, as history has proven.
____________
CL — yeah, I said the same about Trudeau.
________
@cdnprairiedog – your comment: It will be decimated by the onslaught of aging baby boomers. (That is particularly irksome to me, because I did not win the demographic lottery.) is only due to the fact that Canada has not pursued more liberal immigration policies. Currently there is a ridiculously high level of immigration applicants to Canada.
I have a good friend for whom it took nearly four years to immigrate here from the Philipines and recently met an immigrant from the UK for whom it took about three years to achieve his landed immigrant status.
Improved immigration and better accomodation of said immigrants across Canada, not just in Ontario and BC would be very helpful.
well said, my friend.
Jake – it is a well known fact that Friedman was opposed to a vast majority of the legacy of the New Deal and the “Great Society”.
But, if you take note of Latin America during the 1950s you’ll find that in places like Argentina there was a strong middle class and a route being taken which straddled developmentalism and the free market.
This was not necessarily beneficial to companies like Ford which expected the Argentinian workers to work for less and perhaps it’s why after the coup Ford worked so closely with the fascist regime.
In fact, the Ford Falcon in Argentina is a notorious symbol of those times as it was the car which was used by the fascists to “disappear” opponents to the corporate-military structure there.
All that Marxist talk makes me want to go buy another gun.
And I expect an apology for calling me a Marxist.
I am not one and pay little heed to any of it or it’s dialects and do not now nor will I ever identify with any form of Marxism.
Your assumptions about my political beliefs are in error and deeply grievous.
LOL @ Alpha. i’m with you, general.
well said, my friend.
Oh Chivas, what would you know?
Shit, your family only escaped from the biggest prison state in all of the Americas… that is, the biggest until the enlightened Chavez catches up… and he’s catching up.
_____________
Improved immigration and better accomodation of said immigrants across Canada, not just in Ontario and BC would be very helpful.
You realize that all you are doing is seeking to extend the duration of the Ponzi scheme right?
Here’s the dilemma — high taxation reduces the incentive to have children. Checkout Europe — in a worse shape than even you guys, with a 1.3- 1.5 average replacement rate — ie, not sustainable.
Spain — a Catholic country, ostensibly — is the worst off of all!
You really need to start reading your Mark Steyn… he’s a demographic harriden.
__________
Cuervo – It’s too cold for most immigrants to want to live in the icebox in the middle of the country. Don’t count on the evangelical neocons now in power to ease up on immigration policy any time soon.
One thing we can learn from the immigrants is to deal more under the radar and starve government of their take.
Jake – it is a well known fact that Friedman was opposed to a vast majority of the legacy of the New Deal and the “Great Society”.
(Stands up from his chair, applauding and whistling vociferously… Bravo! Bravo! Meistro!, etc, etc)
But, if you take note of Latin America during the 1950s you’ll find that in places like Argentina there was a strong middle class and a route being taken which straddled developmentalism and the free market.
Until the Peronistas decided to make the government the largest part of the economy. Are you really going to use fascist Argentina as an example? The land of the Nazi escape?
This was not necessarily beneficial to companies like Ford which expected the Argentinian workers to work for less and perhaps it’s why after the coup Ford worked so closely with the fascist regime.
They expected the Argentinian workers “to work for less?” Or do you mean they located in Argentina to take advantage of better wage rates and more people looking for jobs?
Let me guess, some asshat gummint (socialist) busybody tried to get in between that mutually agreeable transaction?
In fact, the Ford Falcon in Argentina is a notorious symbol of those times as it was the car which was used by the fascists to “disappear” opponents to the corporate-military structure there.
Why is that relevant? Are you saying Henry Ford was down there disappearing people? The history of LA is rife with authoritarian regimes from the right to left — and it has NOTHING to do with classical economics and EVERYTHING to do with a feudal social system.
__________
The States has not been hit with demographic problems as of yet due to the sheer size of it’s population vs smaller countries like Canada and European countries.
I’m still waiting for an apology for in error calling me a Marxist.
And I’m not going to debate Mark Steyn with you again.
I am not one and pay little heed to any of it or it’s dialects and do not now nor will I ever identify with any form of Marxism.
Listen, you come here to my blog to espouse Marxist policies and regimes, I’m going to put two and two together, capisce?.
Just because you don’t know what it is you’re backing doesn’t mean we’re all ignorant around here. Some of us were spared public school.
___________
@cdnprairiedog – One thing we can learn from the immigrants is to deal more under the radar and starve government of their take.
That’s a repulsive suggestion both bigoted and morally reprehensible.
One thing we can learn from the immigrants is to deal more under the radar and starve government of their take.
Very true. I am very libertarian about immigration, I just can’t stand Balkinazation.
You come to this country, you assimilate, just like every other immigrant group that’s ever come here. That’s all I ask.
Even if you’re Canadian.
_______
The States has not been hit with demographic problems as of yet due to the sheer size of it’s population vs smaller countries like Canada and European countries.
Geez, I thought you were a statitician? What the hell does sample size have to do with replacement stats?
The States still maintains a 2.1 replacement rate, which is barely above replacement level, but still above. It’s correlative that the more socialist the country, the worse the birth rate. It’s common sense… disposable income can only go so far when half your income is taken by the State.
Look at Russia — it may never come back after 80 years of shrinking demographics, even as it has become more “capitalist” since the collapse of the Soviet Union.
____________
And I’m not going to debate Mark Steyn with you again.
You never did once. You tried to make a weak attempt at excusing your country’s new Thought Police, but you never debated the substance of his arguements, and well you should avoid that task.
__________
___________
They expected the Argentinian workers “to work for less?” Or do you mean they located in Argentina to take advantage of better wage rates and more people looking for jobs?
It is a well known fact that Ford was deeply opposed to the increasing strength of trade unions in 50s Argentina. So much so that when the fascists took power they took out several ads:
“1976: Once again, Argentina finds it’s way. 1977: New Year of faith and hope for all Argentines of good will. Ford Motor of Argentina and it’s people commit themselves to the struggle to bring about the great destiny of the Fatherland” (Disappearing Acts by Diane Taylor)
That’s a repulsive suggestion both bigoted and morally reprehensible.
You really are insane. How is that statement bigoted? It’s historically accurate across all immigrant groups, especially those who come penniless to our collective shores.
And “morally reprehensible” or not, depends on what you think of government overtaxation. In your country, I would count it as lawful protest.
____________
It is a well known fact that Ford was deeply opposed to the increasing strength of trade unions in 50s Argentina.
Again, bravo. Why in the HELL would Ford keep jobs in a country that doesn’t offer some sort of wage arbitrage over the costs here at home?
Do you know how business works?
__________
Cuervo – My statement about the immigrants is said with admiration, believe me.
Jake – sorry your blog is getting hijacked.
Do you know how business works?
Jake – you are saying that you find it acceptable that Ford allied itself with a fascist junta because it wanted to not deal with unions?
Jake – sorry your blog is getting hijacked.
No worries, if I didn’t want this stuff on my blog it would be gone. I have editorial authority, as it were.
Jake – you are saying that you find it acceptable that Ford allied itself with a fascist junta because it wanted to not deal with unions?
What should they have done? Joined a rebel group up in the mountains? US business hangs out with a lot of odious sorts, not the least being police state China.
___________
So by extension the US companies that supplied support to the National Socialists in 30s Germany are to be white washed as well?
Sorry to get back to the topic of “Jacksonian” stocks, but SLW doing nice today, up 5.8% today.
Yes, please note my just finished “Update” above. Jacksonian Silvers for the win!
__________
So by extension the US companies that supplied support to the National Socialists in 30s Germany are to be white washed as well?
By whom? History? It appears they haven’t so why make up farcical hypotheticals?
Those companies that did business with Nazi German BEFORE the war were taking the same risk that the companies doing business with Red China are today — namely that the authoritarian government in charge could turn (mass) murderous.
I say “mass” because both the Nazis and the Chinese were/are known statist murderers, even prior to WWII/WWIII.
The Nazis just “stepped it up” after they’d decided they didn’t need to hide their motives any longer.
But this is the way of all Marxist authoritarian statists in the end, so we should not be surprised if we see it again.
____________
Hey Jake,
I bought EXK.
My shrong is burning.
I mean rising. Lol.
Tks.
Actually that’s a good point on the PRC.
TC did very well
Yeah, sorry, I had conference calls all afternooon… I should get a glorious update up here in a minute or two…
_____
And “morally reprehensible” or not, depends on what you think of government overtaxation. In your country, I would count it as lawful protest.
Matthew 22:21 Jake, I don’t think there’s any possible equivocation for a follower of Christ.
What about those of us who don’t believe in the Flying Spaghetti Monster? What’s mine is mine, the government can keep its hands to itself.
I have no opinion on the FSM – at least not for someone who would malign immigrants as being thieves.
ROFLMAO! Now you are quoting the Bible in order to justify confiscatory taxation?
Truly, there is no low too shallow for the trained Marxist.
See you in Church, I’m sure.
__________
Again with the erroneous accusations and assumptions Jake.
One of them I have let go because you weren’t paying close enough attention and it isn’t enough of an issue to me to stop and explain to you were you failed to read properly.
Again – I am no Marxist, trained or otherwise.
You would do well to remember (or perhaps learn if your education was so limited – was it home schooling perhaps?) that the Catholic Church has reconciled social justice with economics: http://en.wikipedia.org/wiki/Liberation_theology several decades ago and only amongst the most rabid fiscal conservatives in the States does one see this unholy marriage of pursuit of riches as a demonstration of “Godliness”.
Show me please where Christ stated that one could serve God and mammon?
Jake – are you in there somewhere? I can’t see you for all the straw men…
ROFLMAO! Now you are quoting the Bible in order to justify confiscatory taxation?
I was explaining why I pay taxes and why I personally found cdnprairiedog’s comments morally reprehensible. That is my moral centre on the subject and you accuse me of being a Marxist and question my faith with a repugnant attitude and personal assault on my reputation.
re: reconciliation of liberation theology within mainstream Catholicism:
Pope John Paul II was conciliatory in his opening speech at the CELAM conference in Puebla in January 1979. He criticized radical liberation theology, saying, “this conception of Christ, as a political figure, a revolutionary, as the subversive of Nazareth, does not tally with the Church’s catechisms”; however, he did speak of “the ever increasing wealth of the rich at the expense of the ever increasing poverty of the poor”, and affirmed that the principle of private property “must lead to a more just and equitable distribution of goods . . . and, if the common good demands it, there is no need to hesitate at expropriation, itself, done in the right way”; on balance, the Pope offered neither praise nor condemnation.
Funny that I’m commenting on liberation theology when I am a Protestant who is aware of social justice issues but, there you have it.
Though a great deal of the conservative Christian media would agree with this: “this conception of Christ, as a political figure, a revolutionary, as the subversive of Nazareth….” just as long as they can equivocate on why they should still be driving their Benzes and not selling everything they own and following Christ’s edicts as the rich young ruler was ordered to do.