While I’m not a huge Infowars / Alex Jones fan (I find the whole “magaphone thing” detracts from his credibility and he comes across rather foppish, sorry), this entry in the InfoWars Film Contest is just plain awesome.

Bracket off ten minutes and watch this, you won’t regret it.

Tags: Political Earth

You could probably beat the averages your entire investing career by simply keeping in mind two famous utterances ( which say essentially the same thing):

#1 Jesse Livermore said it first when he opined

“There are two emotions in investing: greed and fear. Most people get it backwards and are greedy when they should be fearful and fearful when they should be greedy”.

#2) Sir John Templeton perhaps summed it up best with “buy at the point of maximum pessimism”.

About 5 years ago I attended the CAVIE course down at Western under George Athanassakos and aside from meeting some great folks there (some of which I think will be the next generation of Canadian value investing legends) , and learning a lot of things about finance and equity analysis, the one great takeaway which for me was worth the price of admission was learning to ask the question of any given subject of analysis: Is it secular or is it cyclical? Read more…

Tags: Dave Skarica, gold, Marc Faber, Mike Swanson

This is the third article in my introductory exploration of Bitcoin here on Wealth.net. Part 1 and Part 2 were written in the wake of the big Bitcrash and it is interesting to observe that rather than “going to zero” as many prognosticators predicted, Bitcoin seems to have (kind of) stabilized somewhere north of 1 BTC => 100 USD

I said at the end of Part 2 that “Bitcoin is different” and today we’re going to talk about why. Read more…

Tags: bitcoin, Calvinball Finance

What you are witnessing in the gold market right now is the final liquidation of the gold bug. On Friday gold fell $84 an ounce for a 5.38% drop while the HUI gold stock index fell 6%. Big bad moves. What is worse these drops have come after months of falling gold prices all while the S&P 500 has gone higher.

This has been a very painful time for gold and silver bugs. While they have lost money they have for the most part watched the broad US stock market go up, which means that while their gold positions went down in value those not invested in gold and in just about anything else made money while they lost money. It feels awful to do that. There is only one word for this – brutal.
Read more…

Tags: Goldbugs, Wall Street Window

[I'm stunned and saddened, but he has to do what's right for himself. William Buckler is a huge inspiration to me, a hero of free markets and REAL capitalism and I hope he re-emerges sooner than later. We need him. ]

Dear Mark Jeftovic,

Please read this letter, it is important.

The 726th issue of The Privateer is now ready for you to download.

On its own, “726″ is just a number. In the context of what we do, it
represents almost thirty years of producing this newsletter. The schedule
is inexorable. With the exception of a four-week break at the end of the
year, we do it every two weeks and we do “Gold This Week” every week as
well. That has been going on in an unbroken string ever since our first
issue came out in October 1984. One of our most satisfying achievements
is the simple fact that we have NEVER missed an issue, not once, in all
those years.

October 1984 was a very long time ago.

Our newsletter has always been a “cottage industry”. For most of our
existence, there were three people involved. For the past four years, The
Privateer has been the product of two people, your captain and his wife.
Our task is not just the writing and editing of the newsletter. On top of
that, there is all the necessary research, answering subscriber emails, the
regular tasks of running a business must be done, and all the updates and
upkeep at our website must be kept going. It’s a lot of work and it never
slackens.

We have reached the point in our lives where it is time to say farewell. Read more…

Tags: The Privateer, William Buckler