Just some random thoughts today

Archive for October, 2010

Gregory Isaacs Dies at 59

Gregory Isaacs lost his battle to cancer today in London.  He was 59.

I’m sorry, I was never a real big fan of Isaacs and the only song that I considered worth while listening to was Night Nurse.

But to some, GregoryIsaacs will be a pillar missed in the Reggae community.  Gregory Isaacs, dead at 59, RIP.

NPR Fires Juan Williams!

I can sum up NPR’s firing of Juan Williams in two words:

Who Cares?

That was my polite summary.  What I really meant was:

Who gives a f*ck?

I feel bad that Mr. Williams lost a job and source of income, but it is about time that those fscks on Fox News — stating opinion as facts — got what was due.

Just state the facts and stop lying to the People.

Prop 19 – Legalize It

November 2 is just a few weeks away and the pot dispensaries are push more than dope. That is with a foothold in the door, they have nothing to loose if Prop 19 fails and everything to gain if it passes.

I no longer have to go to my doctor to ask him for script to get high because I have chronic back pain. The Advil doesn’t seem to work anymore and forget surgery.

So you doppy voters, legalize it for me.

Diablo 3 Release Date in 2012

Truly I don’t know if I can wait any longer than next year to play Diablo 3 — and I hope Q3 2011 prediction is wrong — but my guess is that it will be in 2012 before the next version of Diablo sees any light.

2012, the end of the world, end of the Mayan Calendar, may just be the start of the game for Diablo.  I can wait for the end but it is becoming difficult to wait for III and most likely Diablo 3’s  release date is still undecided.

What’s up with silver?

Gold has been in the news for quite awhile now with it skyrocketing upwards to who knows where.  My prediction of $1000/oz was off by 30% but the real story winner is apparently silver.

The precious metal over the past year has increase from about $15 to $23 per oz.  This is about 50 percent gain and I’m sure it will continue to go up if both gold and silver act as money.  But you may want to consider

that gold and silver are historically stable investments.  Even in times of economic crisis like the Great Depression, precious metals retain their value.  This is especially attractive to an investor in the current economic climate. — wbay

The past week gold and to a lesser extent silver have simmered down a bit.  Does this mean that the value will go up for ever?  Of course not, prices will fluctuate over time, but during a currency crisis and Governments are debasing the value of their dollar, the odds are that prices will climb.

Gerald Celente from Trends Research has been advocating $2000/oz gold in the near future:

On the upside, should gold move smartly passed the $1350 level and settle above it over the next two days, it will signal strength.

If silver maintains a historic 50 to 1 ratio with gold, surly silver will increase to $40 if gold pushes the $2000 mark if Celente is correct.  But who knows if Celente is correct or if the Great Great Depression will continue for years to come.

For me, I continue to buy on dips and unfortunately my $115 GLD covered calls forced me out of the ETF many months ago and I didn’t get a chance to get back in.  But I feel safer with gold in my pocket and I’m afraid that silver is too bulky to carry around even though it may continue upward.

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