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Long EEV and TWM.
Sep 1, 2009
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Sold BAC, and XLF today. Only GLD remains.
Aug 31, 2009
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Scaled back SPY and SSO earlier this week. Remain long XLF, BAC, and GLD.
Aug 27, 2009
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Doug Poretz on Top Twelve TV Commercials: Sign of the Times interesting -- i'd be curious to know the source
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kunalmahajan12345 on Gold: 2010 Projected Supply and Demand a Tough Call Interesting. What shall happen of the Residual?
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The Recusant on Conservatism Rising Boy...where to begin?? I guess the title is goo...
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View Dr. O's Instablogs on:
Top Twelve TV Commercials: Sign of the Times
2. Credit card debt resolution
3. IRS tax resolution
4. Pharmaceutical Lawsuits
5. Gold
6. Weight Loss Foods
7. Weight Loss Exercise Programs
8. Food
8. Cars
9. Infomercials for cheap crap, usually plastic, all made in China
10. Prescription pharmaceuticals for old people: ED, BPH, Osteroporosis, etc.
11. Over the counter meds for prostate, erectile eysfunction, penis length
12. Over the counter med for tinnitus (ringing in the ears)
Gold: 2010 Projected Supply and Demand a Tough Call
The latest in supply/demand figures as reported by the Fortis Virtual Metals Group.
Scrap supply seems too high given that those who wanted to sell the past few years have probably sold. Demand for legal tender coins may be low, as these are gaining in popularity here in the US and perhaps around the world. ETF purchases may be high as that demand may have peaked.
Central bank purchases may be low, depending on what cash-rich developing nations choose to do with their reserves. Recall how India swallowed up 200 tones from the IMFs vaults last year at $1045. China has stated they would like to increase their central bank holdings from about 1000 tones to 10,000 tones over the next decade. That's 1000 tones per year, and their domestic production, the worlds largest, is only 300 tones. Not to mention that China in particular has been urging its citizens to buy gold.
Individuals, companies, organizations, and instituations are beginning to stockpile bullion in secure locations as the world economy dislocates. Northwestern mutual Life Insurance Company took down $400 million in gold last year, as one public example. Probably many of these purchases are under the radar.
Notice how relatively inflexible mine supply is regardless of price. Any dramatic increase in demand may have a non-linear effect on price. Odd that last years "residual" or excess supply was supposedly 397 tones yet the price of gold was up about 20%. Was this all speculation? I doubt it. My guess is that not all demand is accounted for, as suggested above.
Disclosure: Ownership of gold bullion coins
Conservatism Rising
blogs.telegraph.co.uk/news/nilegardiner/.../
By Nile Gardiner World Last updated: October 27th, 2009
71 Comments Comment on this article
This week’s striking Gallup poll on political ideology is further confirmation that the United States is in essence a conservative nation, which has ironically become even more conservative under Barack Obama. According to Gallup, 40 percent of Americans describe their political views as conservative, 36 percent as moderate and 20 percent as liberal. This is the first time conservatives have outnumbered moderates in America since 2004.
These are staggering figures when you consider that the Left currently dominates the Executive Branch of the US Government, both Houses of the United States Congress, the federal bureaucracy, huge swathes of local government in many big cities, academia, the public school system, and most of the establishment broadcast and print media in America. The figures show there is a huge disconnect between the American public and those who wield much of the political power in the country.
Most significantly, Gallup’s 16 surveys of 5,000 adults conducted across 2009 have definitively shown that conservatism is on the rise despite the election in 2008 of the most liberal president in American history. The biggest factor pushing up conservative support has been a shift among independent voters, 35 percent of whom now describe themselves as conservative, compared to 29 percent in 2008.
The Gallup survey also reveals a distinctly rightward shift in public attitudes since the Obama administration took office, with a growing backlash against the US government’s support for big government solutions to the country’s economic woes, as well as a marked rise in public support for socially conservative views.
Here are several clear-cut examples of rising support for traditionally conservative positions on some of the biggest policy issues of the day, as outlined by Gallup:
• Perceptions that there is too much government regulation of business and industry jumped from 38% in September 2008 to 45% in September 2009.
• The percentage of Americans saying they would like to see labor unions have less influence in the country rose from 32% in August 2008 to a record-high 42% in August 2009.
• Public support for keeping the laws governing the sale of firearms the same or making them less strict rose from 49% in October 2008 to 55% in October 2009, also a record high. (The percentage saying the laws should become more strict — the traditionally liberal position — fell from 49% to 44%.)
• The percentage of Americans favoring a decrease in immigration rose from 39% in June/July 2008 to 50% in July 2009.
• The propensity to want the government to “promote traditional values” — as opposed to “not favor any particular set of values” — rose from 48% in 2008 to 53% in 2009. Current support for promoting traditional values is the highest seen in five years.
• The percentage of Americans who consider themselves “pro-life” on abortion rose from 44% in May 2008 to 51% in May 2009, and remained at a slightly elevated 47% in July 2009.
• Americans’ belief that the global warming problem is “exaggerated” in the news rose from 35% in March 2008 to 41% in March 2009.
Last November, liberal commentators wrote off conservatism in America as dead and buried. As the latest Gallup poll shows they were spectacularly wrong. It is no coincidence that the most watched news network, the top selling national newspaper, and the most listened to radio shows in the United States are now all conservative.
The success of Fox News, The Wall Street Journal and talk radio hosts such as Rush Limbaugh, Sean Hannity and Mark Levin, is a powerful symbol of a vigorous challenge to current liberal dominance of Washington. The vast conservative blogosphere is also an increasingly influential force, from National Review’s The Corner to The Drudge Report, as are leading conservative commentators such as Charles Krauthammer. Combine that with a huge rise in membership this year for grass roots conservative groups campaigning against higher taxes, socialized health care, increased government spending, and defence cuts, and you have the foundations of another conservative revolution.
The spirit of Ronald Reagan is alive and well in America, exemplified by strong public backing for the principles of limited government, free enterprise, individual responsibility and a strong defence. The White House should sit up and take note: it is liberalism, and not conservatism, that is in decline in the United States.