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Thursday, June 27, 2002

 

BLAH, BLAH

Well, it was a low energy day. Did some watering and weed spraying. Two hour nap. Catching up for excitement of last few days. The market was up so wouldn't you know it I finally capitulated yesterday and sold out. My timing is always a day late but I still think the trend is down, so we will see. I wrote a couple of covered call options. First time I have done that. It is pretty neat. I am still bullish on gold. They are flooding the world with dollars; that is what the markets in currency are showing. If the Central Banks can be beaten, gold will jump. They have shorted gold to keep the dollar propped. I recommend GG, a Canadian gold mine company. I read their balance sheet and it is A-1. They own the most productive mine in the world, not hedged, just split 2 for 1 and $1 per year dividend. The P/E is a little high, I think 34 but all the gold stocks are there. I get at least 5 offers for credit cards a week and lord only knows how many for mortgages and home equity loans. There is a lot of money sloshing around. Only the high amount of productivity is keeping us afloat. I will never be able to payoff my credit card debts, unless I hit it big soon and they still keep extending my credit limits. Social Security next year for me. Not much but it will be steady. An old High School buddy is visiting tomorrow. I think we will probably play golf on Saturday. It will be my first time this year. I usually play my best game the first game. I will let you know. Later dudes (includes ladies).

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