Gold Arithmetic

Gold Arithmetic “If you want to lead an extraordinary life, find out what the ordinary do – and don’t do it.” Tommy Newberry, writer and motivational speaker February 16: Gold $1207.50 down $31.60. Silver $15.33 down 45 cents.          Gold had trouble today at the Comex. I doubt if recent news had anything to do… Continue Reading

Nobody Cares

Nobody Cares “When you reevaluate your investment holdings, consider selling some of the losers instead of the winners.” Inside the Investors’ Brain by Richard Peterson            January 19th: Gold $1089.90 down $1.60. Silver $14.11 up 23 cents            With all the turmoil in the financial world, you would THINK the price of gold would… Continue Reading

Skynet Time?

Skynet Time? “For my final exam, I’ll ask the same old questions, but I’ll change the answers.” Sheldon Tefft, Hastings Equity Law Professor, and Foghorn teacher          I noticed that the stock markets are experiencing a tad bit of turmoil the past few days. But the endings of Bull Markets have historically looked like this.… Continue Reading

Foghorn Plays A Round at Petro Carnoustie

“It has been observed that absolute idiots play the steadiest golf.”  19th Century Golf Writer, Sir Walter Simpson Last Saturday broke gray and overcast in LA, and I headed off to my scheduled round of golf at a new course, Petro Carnoustie GC.  The weatherman said there was a mere 23.5526% chance of rain.  Petro… Continue Reading

Bonds . . . James Bonds

11-4-2014 TUESDAY AFTER LUNCH MONEY MEMO By the Financial Foghorn Sign on the back of a Septic Tank Truck: “Caution – This Truck is full of Political Promises” An old Ronald Reagan story:  “Three dogs go into a bar.  An American dog, a Polish dog, and a Soviet dog. The American dog starts by saying,… Continue Reading

Iraq to the Future III

“I think they’re in the last throes, if you will, of the insurgency.” Vice President Dick Cheney, on “the” Iraq insurgency, June 20, 2005   As the Boeing 747 reached its cruising altitude, the pilot came on the intercom.  He announced their altitude, expected arrival time, a bit about the weather, and advised them to… Continue Reading

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