March 26, 2012

XAU to Gold Ratio Beckons….


What’s the most despised industry sector in the market today? Solar stocks? China frauds? Sure, you can average down on these to zero. What about a real industry that’s starting to finally hemorrhage cash flow? After a decade of continually disappointing investors, large cap gold stocks are finally cheap. The XAU has been consolidating for two years now. Is it ready to go higher? Read More
Categories: Investments
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March 18, 2012

Miami Property Bottoms…


I have lived in Miami Beach, Florida for 8 years. To say that the real estate market here has been a roller-coaster is to understate the obvious. Whatever has happened in the rest of the US, it has happened here first and with a much greater magnitude. My own travails renting living spaces in 4 different locations neatly mirror this market. I never set Read More
Categories: Comments On Events
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March 6, 2012

Namibia


There are many reasons to visit Namibia. While the economic possibilities are intriguing, I really went for the scenery. I had read about the dunes and even seen some pictures, but until you’re actually climbing on them, you cannot really understand just how amazing they are. I recently read that in 2010, 984,000 people visited Namibia. That compares to 16.9 million people going to Read More
Categories: Travels
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February 8, 2012

Zimbabwe Part III


It’s been called Uncle Bob’s (Robert Mugabe) insane asylum. It’s destroyed the wealth of almost every white investor (and many of the black ones too) over the last thirty years. It’s functionally dysfunctional and the concept of rule of law is as vague as Mugabe’s moods. Why would I ever invest there? One reason, Mugabe is 87. He has to die eventually. This is Read More
Categories: Travels
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February 8, 2012

Victoria Falls


I apologize in advance for this piece having nothing to do with finance, but you cannot go to Zimbabwe without going to Victoria falls…. And the difficulty in getting there, only made it more worthwhile when I actually got there. Our flight was cancelled “because the national airline didn’t bribe the right guys for the plane to take off,” according to our travel agent–no Read More
Categories: Travels
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