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Silver

It looks like silver may have consolidated near $16.  I'm thinking about going long.  Still undecided right now.  It hit the Bolinger Band, but I don't like seeing lower highs and lower lows for going long just yet.  At the same time, I don't feel comfortable shorting anything unless I'm hedged with a long call option.  I am not a huge fan of options, though.  Several weeks ago, I outlined my options strategy.  At the time, silver was around $17 - just below - and then went up to near $19 before turning right around (presently near $16).  So far, my strategy has worked like a beauty.  I haven't really traded the grains, even though the grains look like they are on sale to me.  Smart money that recognizes the end of the post-Bretton Woods fiat dollar standard goes into the metals first. http://www.webcommentary.com/php/ShowArticle.php?id=andersonm&date=091223

Al Gore speech

I do not agree with Al Gore on the global warming scam.  But a few years ago, he gave a speech which I couldn't really disagree with.  When people called my phone, they even got this excerpt from his speech on my recording.  I think this cyrstallizes what is wrong with both major parties.  One party does so horrible that we go running to the other party for "salvation."  Then that party, too, betrays us -so we go running to the skirt of the other party.  Let's make sure that we get representatives who will uphold the Constitution and our nation's honor.  Running on a platform of perpetual warfare and torture is what defeated Republicans.

Prediction

Timing is impossible to get right, but here is my prediction: at some point we will see an exodus from stocks, bonds (securities) and a shift into the metals, like we caught a glimpse of in early 2009 when gold took off while equities were falling.  I have referred to this as the impending round 2, which I believe will be more pronounced than was round 1 early in 2009.

Sorry to New Jerseyans

For picking on you guys.  Never been to the state, I am sure it is a fine state and great people.  Only picked on New Jerseyans in jest!

Neutral on the metals

From what I can tell, it looks like there are a lot more offers on the table than bids for the metals (gold & silver).  So I don't touch anything right now.  Don't want to start with a short, but I also don't want to go long right here.

Clear picture of Archon

It appears to me that the GOVERNMENT is running Sue Lowden's Archon Corp. into the ground by compelling Archon Corp. to do share repurchases.  God, this is so horrible. 

Charles Plosser for Fed Chairman

Philly Fed Bank President Charles Plosser would get my support for Fed Chairman.

Sue Lowden on pre-existing condition exclusions

Sue Lowden has favored demolishing "pre-existing condition exclusions."  If "pre-existing condition exclusions" are demolished, there will be no incentive to carry insurance until you get sick - at which time premiums will go through the roof.

Best time to trade futures

In the early morning hours.  That is where the major price movements usually take place.

Silver looking good to me at $17

The one thing I am almost 100% certain on is that the Fed will NOT tighten - it's politically incapable of tightening, as that would expose the insolvency of the federal government.  Various officials will try to bluff us and jawbone the markets, but the dollar is ultimately headed to destruction.  Nothing will move up or down in a straight line.  Silver is near $17 right now.  I got in at $16.84 and offset at around $18.40 not too many days ago.  I have to say that silver is looking attractive to me at this price, although I think I am going to look for something further south of $17. 

A favorite book of mine

She said yes, which is about Cassie Bernall.  The book is, in many ways, a call for courage in the face of adversity.

Bond Fund Bubble

Another great article out of Forbes: Bond Fund Bubble

The end of the treasury bull run

An article from CNN: The end of the treasury bull run  The only thing I can add is: if the Fed stops propping up Treasuries, and that inflation isn't "nil."

Congressman Jack Metcalf looking down from heaven

I had the pleasure of getting to know the late Congressman Jack Metcalf before his passing.  Sitting near me is a signed copy of a book he wrote many years ago.   He was a great man, and I am sure he is looking down from heaven, wanting the people to take the country back.  From what I heard, his staff had in their possession information that had the potential to bring down the U.S. government.  R.I.P., Jack!

Received an email

asking me if I am being paid by the Lowden campaign.  Hahaha!  I wish.

Repeat syndication of a piece I wrote

There was a repeat syndication of a piece I wrote on OpEdNews, absent corrections.  I deleted it.  My last piece on the U.S. Senate race comes out in a few minutes on WEBCommentary.com.  The Road to Damascus: Sue Lowden, Danny Tarkanian, Sharron Angle.  And with that, I vaporize myself - figuratively.

The disintegration of politics as usual

If I had to summarize where I am, my surprise quotient has taken a beating after witnessing years of misfeasance on the part of government and elected officials.  It is hard to know who to trust and what to believe.  And bear in mind that the first step in the scientific process is to ask questions and test the hypothesis. 

Understand that there are absolute economic laws that make political realignments inevitable.  With economic disintegration will come the disintegration of politics as usual.  I sense a genuine revolution brewing in Nevada.  I sense that every candidate for U.S. Senate running in the GOP primary is a part of this revolution.  I am working on a piece in which I am going to respond to the Las Vegas Sun and call for Democrats, Republicans, independents, and all candidates to pledge support to whomever wins the primary.  And then I sign off.   

CFTC to impose position limits

The CFTC may be imposing position limits.  There are a number of problems that this will engender.  The "liquidity" has to go somewhere.  By forcing people out of the futures market, this will force people into the spot market, triggering a move towards backwardation.  Because of the impending rules, I now take a wait and see approach.  My guess is the cash-basis changes big time.

The Las Vegas Sun vs. the Nevada GOP

I just got done reading an article out of the Las Vegas Sun, and it really hit me that it is the Nevada GOP vs. the media.  I strongly encourage everybody - Ron Paul supporters, libertarians, independents - to support whatever candidate wins the primary for U.S. Senate. 

The Las Vegas Sun is quoting Monetarists to try to make the case for bailouts.  I would love a chance to debate this Monetarist.  This is a disgrace, as all the government is doing is preventing prices from falling to match wages.  Nevadans need to look closer to home for answers.  Look up Murray Rothbard, who taught at UNLV.  Read every single one of his books.