Category Archives: Investing in Gold

Some of the Non-Convention News That Fits…

“The trouble with this country is that there are too many politicians who believe, with a conviction based on experience, that you can fool all of the people all of the time.”
... Franklin P. Adams, columnist (1881-1960)

July 26: Gold $1320.70 up $1.40. Silver: $19.66 up 4 cents

         Papa John’s stock was upgraded on the belief that civil unrest would encourage more home pizza delivery. Last Tuesday, MarketWatch reported that Key Banc Capital Markets had upgraded Papa Johns (PZZA) to overweight from sector weight. “Analysts” at the bank have decided that with declines in the casual dining segment mean that customers are staying home…because of civil unrest.Papa-Johns-Pizza

         he idea that customers are just running short of money did not seem to interfere with their view of the slowdown in the casual dining restaurant arena. So, ok, people aren’t eating out at restaurants as much. Does that imply they’re scared of terrorism? Maybe they’re all watching the National Conventions? Or the Olympic warm-ups? PZZA shares are up 23.0% over the past three months, while the S&P 500 is up 2.9% for the last three months. It looks like PZZA customers have already made their move.

         In a similar vein, had a piece of unhappiness last week. It was written by a Swiss guy, named Egon von Greyerz, a money manager at Matterhorn Asset Management AG, and a well known gloom and doomer. The Swissie was all about things that can go wrong. I read a bit of his six doom factors. I really didn’t want to read the rest. And what kind of a name is Egon? Wasn’t he in the Ghostbusters movie a bunch of years ago? Egon said:

         “No bank will ever give depositors their money back – I know that very few believe this statement. Because, if bank depositors did, they would not hold $200 trillion of assets in the financial system which is covered with $1.5 quadrillion derivatives in the banks.”

         There’s a lot of that sort of talk going around. Even a fancy New York Times writer like David Brooks, a man who has spent his career describing the inner lives of the nation’s prosperous white-collar elite is getting antsy. Brooks penned a piece entitled “Are We On the Path to National Ruin?” in which he speculated darkly. Sigh. This sort of negativity goes on every Presidential election cycle. I hope all this fooferall passes by December.

red eagle

         I found a bunch of little mining stocks that were happier to read about.  One of them, Red Eagle (REDMF) looks like it will get into production by the end of this year. We could all use some pleasant, news about a 65 cent stock. Could be worse, could be worse.

         FF doesn’t own any of these littl’uns, although he is thinking about them.


The Financial Foghorn’s Petition for Rehearing to the Ohio Supreme Court

“The Onion newspaper’s major competition is…wiki-leeks.”  Ben Ziek Big Doings in Ohio.  It seems the Ohio Supreme Court has discovered that the Foghorn has been offering financial education classes there for a decade, and  now wants him not to talk anymore.  He’s been a little negative lately, as the title of his workshops suggest.  So,… Continue Reading

The Fat Lady is Singing

“The powers of financial capitalism had a far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole.  This system was to be controlled in a feudalist fashion by the central banks… Continue Reading

The 2013 San Francisco Metals and Minerals Conference

“To buy when others are despondently selling and sell when others are greedily buying requires the greatest fortitude and pays the greatest reward.”   Sir John Templeton As a musician friend of the Eagles, J.D. Souther said, “Time passes, things change.”  Life is a timing thing.  As I’m sure you’re aware, the sons of Bernie Madoff… Continue Reading

Words for Thought

“Be not conformed to this world. Be ye transformed by the renewing of your mind.”  —Romans 12:2 A few “GREAT TRUTHS” stumbled across my email screen last week.  I decided to ignore some of them, but a few I pass along: 1.  “In my many years I have come to a conclusion that one useless… Continue Reading

Government Gets Back to Work. Watch Your Wallet.

“What do you call cheese that doesn’t belong to you?  Nacho cheese.”          Was the deadline-snug ending to the D.C. debt dance a benefit for our country?  Consider this: embedded in the legislation just passed and imminently to be signed by Obama is this sub-section: “Default Prevention Act of 2013.”  This particular provision, buried deep… Continue Reading

There’s No Freakin’ Gold Bubble, OK?

This is from a Tuesday After Lunch Money Memo from March 29, 2011.  It’s still applicable now, in May of 2012.  “No one knows when the bull market in gold will end.”  Richard Russell  In my last TAL, I said not owning gold in the current gold bull market is nuts.  Then I thought, wait,… Continue Reading

Happy New Year Recommendations for 2012

Happy New Year Recommendations for 2012

“1st Law of prognostication: For every prognosticator, there is an equal and opposite prognosticator.    2nd Law of Prognostication: Both are likely to be wrong. I have a friend who just ran into some new IRA money.  She asked for prognostications.  I began scribbling to her, mentioning companies I’d talked to at the San Francisco… Continue Reading