[youtube:http://www.youtube.com/watch?v=sEDw9xgSmSc 450 300]
I’ve found a bipartisan effort I invite you all to get behind. Yes, that was me, invoking the word “bi-partisan.” Harken quickly and not so lightly, as this will surely be a rare occurence not often repeated.
What I’m talking about is Representative Jeff Flake’s idea to “Staple Green Cards to PhD diplomas” so as to make sure we don’t cede any of that freshly minted U.S.-educated talent back to the Third World and worse (in the case of the Red Chinese). Even President 0’Bama has gotten behind the idea, despite his telling Steve Jobs that he couldn’t sever the Gordian Knot of immigration reform gumming up the Congress.
And why not, I ask you? Post-secondary education is one of Americas remaining differentiating advantages, and smart children from the world around come here to take advantage of it. Why shouldn’t we make it easier for those bright individuals to enhance our quality of life here, not to mention add to the employment ranks by creating new businesses and hiring even more people? Did you know that half of Silicon Valley start-ups over the last two decades have been started by foreign born individuals?
Howabout this — we wouldn’t even have Steve Jobs were his Dad not here on a student visa. Serendipitous, no?
Maybe we should take the cue?
Well that dollar bounced severely today, and so did my Skiffles, which are my one remaining hedge. They weren’t enough to make up for the blood on the ground from my newly minted mining additions, but I’m not even yet half invested, so I’ve got a lot of room and a lot of dry powder…
And a lot of patience.
I will be adding to my Skiffles tomorrow, however, if the dollar continues it’s climb. Gold is holding up strong here, and so is silver, which bodes well for the miners. If this were a real commodity sell off, silver would’ve been bludgeoned far worse today. BAA is a quarter shorter than yesterday and I might add to my holdings there in the morning, as I really liked the way it looked like it was being accumulated at the end of the day.
If you want to play with more generic pieces, keep GDX (large cap gold), GDXJ (junior gold) and SIL (silver miners) in mind to play the ETF field. For the more adventurous, like m’self, I also like NUGT on a pullback here as well as AGQ. RGLD, last of all, is showing nice relative strength.
See you tomorrow, I hope.