State Court Expected to Overturn Prop 8 Same Sex Marriage
Posted by: Peter Davis on: May 22, 2009
The San Francisco Chronicle reported today:
The California state Supreme Court will rule Tuesday on a challenge to Proposition 8, the ballot measure that reinstated California’s ban on same-sex marriage.
I predicted back in November:
that Proposition 8 will be overturned as unconstitutional by the same courts that ruled in favor of gay marriage in the first place.
California courts are known to overturn liberal bills and amendments such as Prop. 8 even though the people have passed the new law in general elections.
I’m fairly certain that my prediction will come true and all people will have the same protection regardless of race, religion or sexual preference.
Gold Off Recent High
Posted by: Peter Davis on: March 3, 2009
Gold has been dropping like a “gold brick” in the past week and is retracting from a recent high of $1000 per ounce. This perhaps is a good buying opportunity before it shoots up again.
The only problem is that gold is scarce but I keep calling all the local dealers to see if someone is selling. Usually on dips, the dips sell and the smart people buy. Hopefully a few dips will sell their gold tomorrow.
One dealer just got in a 1000 oz. bar of silver. It was hard to believe that this silver brick was nearly 63 lbs. He wanted about 14k for it. Now if it was gold and I had a spare $939,000, I would have bought it.
Gold Closed Today at $1,001.80
Posted by: Peter Davis on: February 21, 2009
My prediction that gold would hit $1,000 per ounce by the end of March came a little early when gold closed today at $1,001.80.
It took nearly 6 months after the 2008 financial panic that gold is finally is starting to glitter. I was surprised that the price was held so low since the demand for the precious metal is so high.
I still find it hard to purchase gold sovergns, eagles or any other types of coins and must result to carrying large sums of money in the chance the I can find any dealer in town that has a supply I can buy.
How high will go is anyone’s guess. But with this unrelentless printing of fiat money, it will only go higher. My guess is that once Congress decides on another trillion dollar deficit 2009 budget — which is 6 months late — gold is going way up.
Congress Should Drink Lean One Shakes to Reduce Deficit
Posted by: Peter Davis on: February 11, 2009
Congress needs to go on a diet to reduce deficit spending. Perhaps they should drink lean one shakes like Sarah Palin did to drop 4 dress sizes.
Just imagine if our deficit was only 1/4 the size of what it currently is, we could go on a shopping spree to rebuild this country and get off oil dependence once and for all.
Yes, Congress needs to go on a diet, and lean one may be our only hope.
When Will Gold Hit $1000? Soon.
Posted by: Peter Davis on: February 11, 2009
I predict that gold will hit $1000 mark by the end of March 2009. I’m so confident that the dollar is dying with all this deficit and reckless spending by our Government, that Gold may be our last resort to preserving our wealth.
There may be some resistence to pass the $1000 mark, but 2T in bailout money — that does nothing to solve the bankrupt banking system — will serve nothing more as a catalyst for higher prices.
Michael Phelps Bong Picture: A Gold Medal Toker
Posted by: Peter Davis on: February 1, 2009
Olympic Gold Medal swimmer Michael Phelps hit the news today or should I say, the news caught him in a picture taking a hit from a bong. I don’t want to sound prudent — because in every right I’m just as bad as Michael Phelps — but what he did was wrong.
I’m not going to argue that Marijuana has it’s qualities and perhaps is the “wonder drugs” that God or this planet freely gives to us to cure a wide range of aliments from Glaucoma to Alzheimers; I’m not going to argue that Hemp probably is the most resilient textile product and endless renewable energy resource; but, what I’m going to argue is that because Governments know these facts, they keep the plant illegal.
Thus, the fact that Marijuana is illegal, will drive the market to criminal organizations that trade in the product. This highly corrupt and competitive market leads to crime and ultimately murder of both innocent and guilty parties.
Even though the argument is often used that Marijuana is a harmless drug, to deliver the product to the end user came with a hefty price attached and legalized Marijuana is the the only solution to endless crime and murder to support the underground infrastructure.
I don’t have a problem with Michael Phelps taking a bong load; but, as all users of the drug, we need to understand that we are indirectly hurting innocent people in the long run.
Gold $900 Oz
Posted by: Peter Davis on: January 24, 2009
Gold pushed upward to $899.10/oz today! I’m sure it’s heading much higher once everyone figures out that paper money isn’t back by anything but a bunch of politicians full of hot air…
IMO, gold is heading upwards. How high nobody knows but some gold prognosticators think it’s heading to $5000 an ounce. Perhaps this will happen when start calling this economic collapse the “Great Great Depression.”
I bought two Krugerrands this week at $858/oz so I’m a little ahead for this week. Now I’m not really looking at gold as an investment, but as a hedge to preserve wealth when the USD dies with a loud hissing sound. But it’s good to know that the gold I got for $800/oz last November is worth more than I paid for.
Holiday Sales Party Thrown: Nobody Shoes Up
Posted by: Peter Davis on: December 27, 2008
Today I predict that holiday sales will be dismal — a party thrown — which nobody shows up.
With deep-cut pre-Christmas sales having no effect on customer spending habits, why do stores think that lowering prices another 10 or 20 percent will entice customers to part with their money?
With a deep deflationary cycle going on in the world, simply wait a few months when the prices will be deeply discounted. Simply wait and only buy the things you need instead of want — because — it’s cool to be frugal.
Possibly unrelated Posts:
- Apparently we’re having a Blue Christmas because you didn’t install the Santa Tracker by Dirty Blue Widgets.
Will There Be an After Christmas Sales Stampede at Walmart
Posted by: Peter Davis on: December 24, 2008
Will there be an after christmas sales stampede at Wal Mart this Friday? My prediction there is going to be a huge rush to bring back gifts that nobody really wanted in the first place.
Dump them off and then go get something on sale. How many will get hurt in the stampede for getting 50 to 80 percent off.
Stay home folks and save your money for the upcoming economic colaspe.
Police Still Unsure Who Killed Walmart Worker (Video)
Posted by: Peter Davis on: December 2, 2008
Despite his size, the 6′ 5″, 270 pound Jdimytai Damour could not stop the rush of humanity as hundreds of Wal-Mart shoppers stepped on him on the Black Friday shopping day last week. This is making it extremely difficult for the Police to issue charges in the death of the Walmart worker.
You Gossip, I Follow