sell dollars

This loss of entrepreneur confidence in the system will ultimately accelerate the demise of all paper currencies.
From the Daily Reckoning,
August 10, 2010

stock market performance

This is 6 months old but still illustrates the importance of diversification across asset classes. Gold and Silver are up big for last 5 years. Crude Oil has done nicely too. The S and P 500, not so much.

More Money

Our government’s current solution, regardless of party, is to print more money. This brings to mind a statement by Ethel Kennedy (wife of RFK) when notified by her accountant that her checking account was overdrawn: “That can’t be, I still have checks left.”
LOL
From Whiskey and Gunpowder newsletter

Stafford Daytrade System

Yesterday was a narrow range day. Not much action. Stafford Daytrade made 2 points none the less. Of course past performance is not necessarily indicative of future results. We bought at 1122.25. Holding till the close to cover at 1124.50. $100 per emini contract. Not bad for a day with a 10 point range. All trades must be considered hypothetical because they may or may not have occurred exactly as mentioned. Please see disclaimer on staffordtrading.com.

10 stock market myths

Nice article on staying out of stocks.

Ten Stock-Market Myths That Just Won't Die

by Brett Arends

1 "This is a good time to invest in the stock market."

Really? Ask your broker when he warned clients that it was a bad time to invest. October 2007? February 2000?

2 "Stocks on average make you about 10% a year."

Stop right there. This is based on some past history — stretching back to the 1800s — and it's full of holes.

read the rest here.

http://online.wsj.com/article/NA_WSJ_PUB:SB128000197220920621.html

Mid-Term Elections

Bloomberg Business week for July 26 reports that "The Standard & Poor's 500 stck index has advanced 15 percent on average in years when there was a Democratic President and REpublican majority in Congress. In 1994's congressional elections, Dems gave up their majority in both the Senate and House. This was followed by a 34 percent surge in 1995 in the S&P's.

Interesting article on silver, which has been up big for the last 2 days. Nice spring off the lows. Three Reasons Silver will go up.

1. Silver has many more uses than gold.

3. Silver is rarer than gold.

Does this mean $1000 an ounce silver?

http://seekingalpha.com/article/217535-three-reasons-silver-is-likely-to-sparkle