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Let’s give something for all y’all out there to discuss…as I’m sure this one will be met with a “positive” response.
I took the title from the latest Glenn Beck hitpiece on JakeGint’s “favourite” [sic] program…I thought it was hilarious (the line, that is; I found the segment overall a little lacking). Â I tried to embed, but we can only do Youtube, so you’ll have to click the link to watch it over on Hulu:
(Not that The Daily Show is the first to point this out, mind you.)
So, apparently, Glenn “This Country is Going Straight to Hell” Beck is a big proponent of buying gold and regularly advises/tells his viewers/listeners to do so on his TV & radio programs. Â Not that there’s anything wrong with that…except of course when the very next minute you just happen to have the perfect place for your customers to buy the shiny stuff from! Â So as Connie Conservative gets properly scared and riled up by Mr. Beck, during the next commercial break, oddly enough, here he is again telling her about the wonderful people at Goldline, who just happen to peddle in GOLD! Â What a wonderful coincidence!
I’m sure he’s just doing this out of the goodness of his heart, right?
What’s that you say…he’s a PAID spokesperson for this company!? Â But surely…oh no, wait, that is indeed his face displayed prominently at Goldline’s website. Â So when Connie points her browser to their URL, she is reassured by Glenn’s smiles that yes, this is indeed the place that will sell you Gold at prices higher than market value! Â No worries, Connie, I’m sure you won’t realize that you just got played by Glenn Beck, that bastion of journalism ethics.
Oh, and of course, don’t forget to pray on your purchase first. Â Afterall (how does it go again, Mr. Beck?), GOD – GOLD – GUNS! Â USA, USA, USA!!!
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On a slightly different note, I think this here is a decent possibility of another great Daily Show top/bottom.
Remember when Jim Cramer went on the show to make a fool of himself? Â Remember the date?
March 12, 2009 – aka. 3 days after the 666-bottom on the S&P 500. Â And, in fact, the segment that prompted Cramer’s appearance on the show (In Cramer We Trust) happened on the EXACT SAME DAY!
Whooooa, dude…so when the public’s fear was the greatest we bottomed. Â And now, when even The Daily Show is onto the whole BUY GOLD, BUY BUY BUY! mantra…are we at a, dare I say, top?
(Meh, I guess if that were the case, they’d be a week late…oh well, nothing’s perfect.)
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Picks for Monday:
- Calls: Â BCRX (@7.19 – to replace previous calls that got stopped out on Friday), BWLD (@40.30 – creating a straddle with the already existing put postion), FLS (@96.50), GME (@22.50), KBH (@13.39), NOK (@13.)
- Puts: Â CREE (@50.45), ESRX (@85.85), LRCX (@37.75), MOS (@58.25), POT (@118.)
Looking at gold for the last 10 years during even years it sells off and takes a rest…..so maybe we have a short term top in store for gold. But one who buys physical gold does not buy it for a quarter or two. It is generally a multi year hold. As for Armageddon, (if it were to happen,) would take many years to come about.
Are you surprised that Glenn represents the company? It’s all about the cream son!
http://www.youtube.com/watch?v=bjZRAvsZf1g
gold is lame
If gold goes to $ 5,000 that 5X gain may be small consolation for what else would be happening in the economy. Leveraged players should not underestimate the power of Fuckery and the Unexpected Twist on the way to a certainty.
Those with no great wealth to preserve might consider trading other things now, instead of digging in and wishing for Armageddon to make 5X or 10X on gold.
Much of the gold pitch feels like bad Karma. The doomsday guns and ammo crowd, may be proven right, but what a lousy attitude to live with.
Just posted this in Fly’s ‘God is for Idiots’ blog entry but I’ll post here as well;
Anybody else see the latest edition of SFO mag? I was spending some quality time on my throne yesterday perusing it. Saw an ad for PFG Best Precious Metals. They’re advertising a precious metals accumulation acct. The investor agrees to send in a fixed amount each month and the investment performance is tied to metal prices. At any time the investor can cash in the value of the acct for gold or silver coins in any currency minted by a central bank.
Not sure if these accts are a new product or not but couldn’t help but think they gotta be a sign of at least a short-term top in metal prices.
Once metals come back in price I would like to own some coins (metal money has always fascinated me for some reason). But wanna make sure I’m getting genuine mintage. Anybody ever buy coins from PFG and can attest to their legitimacy (sic)?
DeWheezy, go flack yourself. Why does every dimwit lib think that Glenn Beck is anything to serious conservsatives?
Watch teevee if it makes your life more fulfilling. I’ll skip.
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T.V. does suck major cock…..As far as buying gold coins: make friends with your local coin dealer and don’t pay more than 3% above spot. I say if a melt down occurs then anything other than a fire proof safe in your home will be less than adequate. You might as well trade paper assets at that point.
Glenn Beck is a asshat fo’ sure! Right up there with Kramer & Kneale….
What’s the matter Jakey-poo? Besides my rather innocent jibe at calling The Daily Show your “favorite” program, this post has nothing to do with you personally.
And what’s a “serious” conservative? Is not watching any “teevee” a requirement for this club?
The only difference between Beck’s “hunker down” speech and Jakey is this:
Jakey anticipated the correction in commodities (he must still have his membership to Gary’s newsletter cause Gary’s been saying that for weeks now) and Jakey is saying “short the S&P”.
Which of course, Glenn isn’t going to do.
http://mediamatters.org/mmtv/200912110042
Dipshit leftists of a feather….
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Gary is always early, fwiw.
Good stuff, though, for sure. (And it needs not even be mentioned but, NOT a dipishit leftist)
Jake,
Next time try reading for comprehension.
DPeezy,
There are only 2 types of conservatives. 1. Assholes 2. Serious assholes.
There are only two kinds of leftists dipshits:
1) Those who are idelogically confused but at least have the balls to comment with their real or regular moniker
2) Those weasels who are chickenshite to the extreme and need to hide behind “Yet another dipshit alias.”
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