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Jim Letourneau's Blog

Investing, Technology, Travel, Geology, Music, Golf. I think that covers it.

Give us all your gold gold gold!

Meatloaf and Elvis Costello couldn't save Americathon. What could bring the movie some more attention is the premise that the United States becomes bankrupt and is forced into holding a 30 day national telethon in order to save the country. Give is all your gold gold gold!



God knows I am a patriot. I loaned the country 400 Billion. And I want
my 400 Billion back. Does that make me a bad guy? I've got to eat too,
you know! So I'm giving the President until the end of September this
year to pay me back, or I'll be forced to foreclose. What can I do?
I've got to eat too, you know! Does that make me a bad guy?
                                                
                                                                                       ...Sam Birdwater (played by Chief Dan George)



Gold had a monster move in 1979. It broke out of the upper end of its trend channel and almost tripled in 5 months.