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Overall thumbs up to the RNC. Some lame moments, but this is the Republicans, after all. They are the opposite of slick. Unlike many, I enjoyed Clint’s off the cuff rambling. He’s like your crotchety grandfather — the one you got your sense of humor from, the one who could always make you smile. Rubio had the second best speech of the convention, after only Ryan, and his tying his own immigrant roots-story into the Euro-style socialist policies of the Obama Administration was as spot-on as it was rhetorically brilliant. To whit:
“These (Obama policies) are the ideas that people come to America to get away from.”
Brilliant.
Mitt was better than I expected, if only third place (Christie was terrible, IMHO, btw). He humanized himself, I thought, and connected with the women’s vote, which will be crucial. His economic versatility can be taken for granted, and it will be what helps save this Republic, but he’s not going to get that chance without “the womenses.” Unlike Obama, he’s not just another pretty face.
I’m reasonably upbeat about the prospects of the GOP ticket going into November, but much work remains to be done. Despite Obama’s Jimmy Carteresque record, he’s got major dollar-equivalent support from the likes of the major networks and wire services. The good news is the American populace is discounting these propaganda organs substantially in the 21st Century. The Obama-Reid-Pelosi abysmal record is there for those who want to review it, and it’s our job as intelligent arbiters of our own republic to make sure the truth is not buried under slander, spin and misdirection. God bless us all.
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I think yesterday’s downspike may have presented an opportunity, market-wise. I may start to step back into some of my sold off SLW and SIL positions. I also like SLV for the duration here. Those of you who have not done so may even think about physical silver. I think we’re done pulling back and getting ready for the (longer term) move back to the 2011 highs. We’re back above the 200 day EMA (and pulled back to it yesterday at $29.40). We may pay pull back to fill in some gaps in the recent rise, but I don’t see SLV getting back below $28.50 any time soon.
For those fleet of foot and young enough to throw some bones on a play, I think BAA presented a nice opportunity yesterday on that big pullback. If you look at this five minute chart, you’ll see a bunch of buying in the last hour of trading, all at that magic $4-dollarish mark.
I think this thing is headed back to $5.00 at some point before year end, and that’s 20% from here. Keep in mind this is a risky one, and against my usual gold miner picking strategy as it’s got tonnes of political risk, being in the “Democratic”(hah!) Republic of Congo. Keep your finger on the “caution” button for this sucker.
Another beaten down stock I was asked about (by Ragin’ Cajun, it turns out, sorry I took so long RC!) is rare earth miner MCP — Molycorp. I don’t own any of this but looking at the chart, it seems like this would be as safe buy with your stops set below the close on the 28th ($10.75). I think yesterday’s action was typical back and fill volatility, and MCP is ready to join the re-inflation party Chairman Bernanke is about to touch off in pursuit of “four more years” for he and Barry.
Best to you all.
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Romney is a bad speaker. I haven’t seen him speak much before this, and people said this was the “best speech of his life,” so he must be really terrible normally.
But, nothing’s better than beating low expectations in life. And nothing is worse than having to live up to high expectations.
by the way, Rubio was pretty good. Unless he’s got hookers in his closet, he will probably be president at some point.
i cant believe what you just said.
Who?
What?
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huggie bro.not yuz.in answer to his being slightly surprised that the guy can speak……….not everyone is a good orator..although that has absolutely nothing to do with his being a ,”task master”. of which the one thats seated in the wh is a master bullshit artist, if anything.ps, agq and exk are kicking master ass. been in the tall grass since may.
@DennisDMZ: “Capable men are often simply capable speakers because the option of blurring ineptitude with rhetorical flourish never enters their mind.”
GDXJ right here, stop at $20.70, for what it’s worth.
gold seems to be bustin out
Yep. Checkout TC too!
I think the rare earths are next…
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What do you like most in rare earths — MCP? I think i might dabble a smidge since i can’t seem to figure out anything else at the moment.
I have AVL and QRM, but I think MCP looks tasty here.
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thanks senator
after all, he made me tens of millions at Bane .
least I could do
You read too much Batman comix.
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ryan’s speech was despicable. he twisted the truth like he was making a pretzel, in his best imitation of a tv political ad…
shining a light on ryan’s hometown GM plant as if obama shut it down himself? That plant was shut down before obama even came to office!
Hitting obama over the head on medicare? he wants to shrink medicare as much as obama does, on a $ level!
The whole “protecting the weak” fluff, is LuLz! I don’t have an exact figure, but I’d estimate easily over half of ryan’s budget costs would come from programs that benefit the poor/helpless. Oh and Obama was bad for the deficit? I’m sure Ryan wouldn’t want the public to take a looksie at his voting record on Bush’s deficit related bills, right? No, cause he was a proponent of all of his bills which added more to our deficit than obama has compared to either of bush’s terms. And the credit rating downgade… wow. just wow. Let’s create a verbal mirage by blaming Obama in order to conceal the stubborn repubs who hung American citizens out to dry until the last second by refusing to raise the budget..
The VP speech should be a blatantly truthful, passionate plea to the people as to why you’re a qualified candidate and what you’ll do differently in order to better the country. Instead we had to listen to a speech that, if chopped up into pieces, could be aired over the next couple months as tv commercials…..
there is rarely any truth involved in these speeches unfortunately. the reason is that the vast majority of people are simply too stupid to be told the truth. the only way to win is through manipulation of the great unwashed masses.
Or, you can tell the people the truth, and hope it sinks in.
Shakespeare once said “but in the end, the truth will out.” (Merchant of Venice)… and I’ve come to believe that.
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it will, in the end, when no more lies can be told.
Chivo, I don’t know your political persuasion, but you are reading Chapter and verse from the Axelrod playbook, and you’re stuff is suspiciously close to a Think Progress piece debunked here..
The whole Janesville plant thing was a release straight from the Axelrod camp about two minutes after the Ryan speech. Wholly constructed of lies and based on a misstatement of Ryan’s actual words.
First off, Ryan only said that Obama had come to Janesville and stated it would be open the next 100 years under his regime. A lie, as all he cared about was saving UAW pensions, and if some of the hoi polloi had to go, well… you gotta bust some eggs to make omelets, right?
Second the Janesville plant only stopped making SUV’s in 2008, it still made light truck bodies well into 2009, when it finally shuttered.
So wrong on both counts, but mostly on the dishonesty of twisting Ryan’s words AND his meaning. Ryan was using his hometown plant as an example of gov’t picking winners and losers. Despite “saving” GM, there have been many GM auto plants shuttered since the One’s ascendance. The point is THE GOVERNMENT HAS NO ABILITY TO MAKE GOOD ECONOMIC DECISIONS.
Only political ones. Is THAT the way you want your economy to run?
And don’t get me started about Medicare. Ryan may be trying to “cut” in certain areas to SAVE Medicare, but he’s not “cutting” Medicare TO BOOST UP ANOTHER EVEN BIGGER SOCIALIST MEDICAL PROGRAM. Can you imagine? Medicare is in DEEP trouble… so let’s make SON OF MEDICARE to add it to it… and oh! Let’s pay for it with Seniors” Medicare!
Brilliance!
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here,just look at the coal sector,decimated on many levels.
And intentionally so… via Executive fiat through the EPA.
Talk about “despicable.”
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My good Jake,
How a smart guy like you can look around that convention floor and find kindred spirits I will never know. Your affection for Lyin’ Ryan’s fork-tongued speech is especially confounding.
Here’s a scathing review by one of those Commie lib, Birkenstock-wearing, gay marrying, flag burning, marijuana legalizing, hippie-tard disinformation outlets run by statist left wingers, Fox News: http://www.foxnews.com/opinion/2012/08/30/paul-ryans-speech-in-three-words/
What I saw of the RNC was a pretty sad affair. Not for its lack of slickness, but for its lack of substance. And tho I’m a big fan of his acting and directing, Clint was embarrassing. (I have a pic with him on a night when I won an award. He wasn’t my presenter, but I caught up with him in the lobby after the show. Lousy pic of me, but I got it in a silver frame.)
The only thing sadder than the RNC will be the upcoming Democratic convention. And there we will be deprived of even the hope that a hurricane will swoop down and wipe the entire mess off the Earth, like a windshield squeegy wielded by God.
Both parties suck. Neither party has real answers for our real problems. It’s time people of goodwill figured out a way to get past these relics, because the “two party system” now works only to perpetuate itself at the expense of the people it was brought into being to serve.
Have a great weekend.
I’m for that, as you know. Shrinking the federal government and devolving that power to the localities is what would strengthen our body politic. Instead it’s a vast corrupt swarm.
Btw, those “Facts” that are allegedly being “checked” by the reviewer, were all re-checked the next day… just because some lazy broad gobbled Axelrod’s lie that the plant was closed in December when it was closed in June of the next year (and by the way Ryan never said a word about when the plant was closed or implied otherwise, he merely repeated what Obama said to the people who worked there), and it gets printed (by whomever) doesn’t mean it’s true.
Look it up for yourself… the facts are out there. Yes, Ryan spike Simpson Bowles… but did you see the op-ed in the Wall Street Journal by Bowles praising Ryan?
Why? because Ryan spiked Bowles because it didn’t do enough.
Do you perhaps see Clinton’s old chief of staff praising Obama any time soon?
Read, folks,, don’t just gobble the acccepted wisdom.
The truth will out, even in San Francisco.
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you need to spend some time @ business insider. all i have to say is, that the 0zer0 family doesnt need toilet paper. because the whole staff at that site,and most of the commenters there have their heads so stuck up potus and familys’ ass,it’s unreal. you make any negative comment about 0zero,you’re crucified,censored or deleted.
Yes, but Business Insider is neither, so I tend to ignore them.
It’s about one step away from TMZ, and irrelevant.
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GLD (and SLV) just broke out to the upside out of a massive yearly flag
monthly I mean
Jake
NAK is the ultimate “fuck the EPA” play. Check it out.
Hmmmm… molybdenum-copper-gold… how can one go wrong??
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“fuck the EPA.”
Oh. That was already said.
Beg your pardon.
Have to agree with much here today; especially re Clint… still a hero of mine on and off screen.
It was overall a good convention, and I came away with a better understanding of the Romney/Ryan ticket….
I still believe that ALL governments are composed of a balance of crooks & liars, and that we succeed in this life in spite of politicians rather than because of them.
I agree 100%. Those who promise to govern less always get my vote.
There’s no winning with bigger government, all it means is more organized corruption and group venality.
Look at India.. a country of former Empire, made up of the smartest people on earth, and a veritable basket case up until very recently thanks to a full embrace of bureaucracy based Fabian Socialism.
How are the poor doing in that country??
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Great to the see the Senator back bringing forth splendid oration. As a Canuckistani who did some campaign work for Sen J Helms, I’m about the strangest duck to swim in this pond (no D Fromm). And as for TC well I managed to do something right at the right time for a change. Feeling pretty ducky about that. As to the RNC and the forthcoming DNC — I can only say that the people of the US are not well served by either group and haven’t been for some time — I wish you more statesmen and fewer politicians of either stripe.