First, China decided to control the gold trade. They want to make sure the government can oversee all the trading of gold. I think that is the reason it is down today.
Second, I believe the dollar has topped which will help precious metals and energy. Our Chief Analyst, Jeff Saut, agrees with me:
I believe the Dollar Index made it's high last week because I think Mr. Bernanke wants a lower US Dollar. If those thoughts prove correct, the CRB Commodity Index has likely made a double bottom in the charts and crude oil should be headed higher.
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I think Remy is hilarious. Here is his A Very TSA Christmas:
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Believe it or not, it's very hard to make investment decisions for clients. I wish we never lost money, but it happens to everyone. I'm glad I didn't buy into John Paulson's Advantage Fund.
Over a week ago Zero Hedge broke the news that Paulson's Advantage Plus fund was down more than 50% for the year. Today, Reuters has finally confirmed what our disgruntled throat (don't disparage those who express contrarian opinions just because they refuse to brown nose) reported way back when. "There will be no holiday cheer for hedge fund manager John Paulson this month, as his dismal performance in 2011 is capped off by another miserable performance so far in December. The Paulson & Co.'s Advantage Plus fund, which has been the firm's worst performer all year, is down another 9 percent through December 16, sending yearly losses to about 52 percent, according to a person familiar with the numbers. The Paulson Advantage fund, the firm's largest portfolio, is also hurting again this month, declining about 6 percent. The fund is down about 36 percent year-to-date." Of course, those who follow us would know there was a reason for our increased derision over the past 10 days.
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My brother sent this me and it made me laugh.
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Are Guns and Ammo the New Gold?
Via: Ammo.net
Via: Ammo.net
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I didn't realize this about Kris Kristofferson. He's a pretty amazing individual.
Many people may have forgot about his time in the U.S.Army. He is the son of an Air Force General, and a accomplished Golden Gloves boxer, and he graduated from Pomona College with a B.S. degree, and then became a Rhodes Scholar from Oxford University.He joined the U.S. Army at the prompting of his father.
After graduating from Officer Candidate School he attended and graduated from both Army Airborne and Ranger training in the very top of each class. He was selected for U. S. Army Special Forces Training but refused so that he could attend pilot training where he earned his wings, and became an accomplished U.S. Army helicopter (gun ship) pilot, and achieved the rank of Captain.
He was about to be promoted to the rank of Major, and appointed to teach at West Point when he resigned his commission from the Army to go into music and acting. You can tell in this video that his time in the military means a lot to him.
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