Lets see you do this at a ball game. A beer and pretzel for this man! It's on me! Simply awesome!
I have decided to take a bipolar approach to my next two stock purchases. Yesterday I stated I was going to hold off from investing in August and possibly September. I have since change my mind. No, this is not the bipolar approach I mentioned previously. I am inclined to increase my position in SLW and try something new with C. “You’re bug nuts!” I can hear you saying. Well, maybe. My rationale is this; SLW is extremely undervalued. It is easily worth at least three times what it currently sells for. And should silver prices spike then it is game on! It could increase up to $100 a share. I doubt I would stay on the silver train for that long but it is fun to think about. So to me it is a perfect value and growth combo. And as we know precious metals are a historic inflation hedge during rough times, hence the bear decision. Now with C I admit that it is a gamble because of the need of government bail outs and such. Based on past performance and the talent that remains on hand I believe it has a bright future. I can imagine it as a ten bagger in ten years. Others Fools that are pro C say it will take less time but I am not that optimistic. With a possible second wave of foreclosures, bankruptcies and credit card defaults we have some additional miles of rough road to cover before the economy and C start to improve for real. So for me to put money into C there is a certain amount of blind faith that supports my bullish decision. [more]
I have to admit that I am tempted. What tempts me? Booze, tobacco, flesh stocks? No. Citigroup (C). Yes, I consider C to be a devil. I don't like credit card companies as a group. I think in the past they have exhibited predatory behavior towards their client base. Now, with this in mind, I have to admit that on the surface C looks like it is destined to go back to a traditional bottom on $30 when all this mess shakes out. At the time I write this it is going for just shy of $3.00. Even if it takes ten years for it to go from $3 to $30 that would be a great rate of return. I am tempted to throw just a few hundred dollars into C as a "gamble. I want to know your opinion if you think I am "speculating" down the right road. Would you do this? Have you done this? All input of a constructive nature is welcome. [more]
The entire housing crisis summed up in one house in Palm Springs. Check out the Property History section.
Harvard in in a pickle. Click here for the story.
Stay Thirsty, My Friends.
This is a story about some wild pigs that have taken up residence on a Caribbean Island. It is a cute, lighthearted piece that makes me want to pay them a visit. Enjoy.
I recently heard in passing a conversation between two people. Person A said, "I wish we had never moved off the gold standard." Person B replied, "I've decided to live on the gold standard. To (warm place) with bad decissions made by past presidents." How does one decide and then execute the idea of living on the gold standard? How would this work? Chris? GMX? Anyone? Help! This idea has me intrigued. I would Google or Bing! it (sounds dirty) in order to get some details but I would rather turn to those I repect in the field of precious metals and mining before reading what others have to say. [more]
I don’t like the idea of a stimulus package to help us out of this economic mess. I like the idea of TWO stimulus packages even less. With that being said I have put some thought into ways I would throw money at the problem if there were no other alternatives. [more]
Oil dips below $59 as earnings season opensOil dips below $59 after weak outlook on demand, anemic expectation for earnings season By Ernest Scheyder, AP Energy Writer On Friday July 10, 2009, 11:15 am EDT
NEW YORK (AP) -- Oil prices dipped below $59 a barrel Friday, ending a week in which crude has fallen more than 10 percent on growing pessimism about the economy and also the well being of companies about to report second-quarter earnings. [more]
Racism debate after Russian and Nigerian gas companies combine to form 'Nigaz'
By Mail Foreign Service
Last updated at 1:19 AM on 02nd July 2009 [more]
If you are offended by adult subject matter do not read this story.
Link to Story
$13,000,000 in missing gold from the RCM! That is 875 pounds (weight) of missing yellow shininess. This should be interesting to follow.