What a glorious day for those on the Jacksonian path today. And for those who may also dabbled in the Necromancer Fly’s Black Arts of Sub-$5 Stocks, it was even more glorious. I must admit I dabbled a tiny bit in UYG, SONS and AMKR, just to keep my “Dark Wizard” hand in play, but for the most part, the combined 4.6% return on my two portfolios today was the result of strong results in stable, inflation fighting names like those I’ve already mentioned (TSO, NRP, GLD, SLV, RGLD, SLW, PAAS, ANV, MON, ANDE, etc.) and some I have yet to go into detail about (but nothing I haven’t mentioned on iBC and the PPT).
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These are the names with which we will retain our fortunes, Jacksonians, because let’s face it — we are not all afforded the flexibility, nor the trader servitude of the Fly or some of the other full time traders present on this site. No, we must remember that we are building wealth here, and that’s a work-a-day, two steps forward, one-step back type of existence, not a glamour (sic) job.
So on this day of accelerated heartbeats and happy returns, it is good for us to remember the (non-pun) original phrase in the above caption, which translates:
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“So Passes the Glory of the World.”
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In other words, this great day, too, will pass into memory, and there will be Not So Great days ahead, no doubt. Let’s try to keep in mind, then, that old cliche about being in a marathon here, and not a sprint– no matter how exciting it can get on days like today. We’re still in acutely perilous financial times, and I think only a meth-head would believe we are “home free.” We must continue, therefore, to shore our houses against the tide of corrupted money that will come sluicing out of the Federal Reserve and Washingtonian gates as deficit builds on deficit in the sham names of “stimulus” and “relief.”
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So if you banked some coin today, good for you. Now go buy some physical money (gold, silver, platinum bars or coins) with it, or at least a few hundred shares of GLD or SLV. In the meantime, we will continue to look at companies that have assets compatible with our strategy of sound money and lasting value. Cheers — and congratulations — to all, indeud.
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From the JakeGint “Great Movie” files: You think you get tense at work?
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[youtube:http://www.youtube.com/watch?v=Vog2Iu9xZh8 450 300]
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