12:04 am (Hawaii) Mostly new stuff, but the piece at Fortune about JP Morgan, Afghanistan, gold mines, almost no infrastructure, poverty and the relationship between Western and Afghan interests ... a tremendously great, if long, read that I'm enjoying. I'm reposting the link. That's how good it is.
4:36 pm (Hawaii) First time I've been to the site and watched one of the videos. Keiser can be a goofball, but what he says about JP Morgan, the Pentagon and "free gold" in Afghanistan (11:45 or so on the video) is pretty much what a lot of us peons have thought.
Side dish: Hong Kong MEx has reopened within the past 3 hours and Spot Gold is climbing back up (1495.80). Spot Silver is at 35.14, consolidating and putting me to sleep. Still not sure about whether to get more physical gold and/or silver here.
Update 8:16 pm (Hawaii) More on JP Morgan, the Pentagon and Afghani gold mines.
What I had to do was to find stocks that would be hoisted up because they stirred people's imagination for the future. ... I was not interested in the company's individual products, whether it was metals for rockets, solid fuel, or advanced electronic equipment. In fact, I did not want to know what they made—that information might only inhibit me. I did not care what the company's products were, any more than I was influenced by the fact that the board chairman had a beautiful wife. But I did want to know whether the company belonged to a new vigorous infant industry and whether it be haved in the market according to my requirements.
This, of course, was directly against the advice of many financial writers with conservative backgrounds who have been pounding into investors for generations that they must study company reports and balance sheets, find out all they can about a stock's background, in order to make a wise investment. I decided that was not for me. All a company report and balance sheet can tell you is the past and the present. They cannot tell the future. And it was for this I had to project my plans.