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June 24, 2016

BREXIT:  We have been diligently looking for bargains during the meltdown Friday morning.  Unfortunately there is nothing we can do.  Prices have not come down sufficiently and some are bouncing back very quickly….retirees and income investors are so desperate for yield that they quickly drive up prices for positions that we like to own.

Go here for the Core Portfolio listing all holdings.

Long term buyers should be looking at GGN our only gold position.  Long term means years, not weeks or six months.  We have held GGN for a long time.  Pays a nice dividend.


MMM we are so surprized:  NOT!!!!

A new Rasmussen Reports national telephone and online survey finds that 73% of Likely Republican Voters believe GOP leaders have lost touch with Republican voters. Just 20% say those leaders have done a good job representing GOP voters. (To see survey question wording, click here.) 


(Update:  We placed a limit buy order for TANO at 25.03. We owned this position last year and sold it before it tanked.  Due to various factors it now looks appealing….it MAY not drop to the price we want.  THIS WAS FILLED AND ADDED TO CORE PORTFOLIO)



(We also maintain a limit buy order for NEWTZ at 25.15 but again we may NOT get the price we want.)


We are buying a small number of Enbridge Individual Corporate Bonds paying 4.0% and maturing in 2023.  They are rated at the bottom rung of investment grade.



Over the past 65 years, Enbridge has become a leader in the safe and reliable delivery of energy in North America and is proud to be recognized as one of the Global 100 Most Sustainable Corporations in the World.

We transport energy, operating the world’s longest, most sophisticated crude oil and liquids transportation system. We have a significant and growing presence in the natural gas transmission and midstream businesses, and an increasing involvement in power transmission.

We generate energy, expanding our interests in renewable and green energy technologies including wind and solar energy and geothermal.

We distribute energy, owning and operating Canada’s largest natural gas distribution company, and provide distribution services in Ontario, Quebec, New Brunswick and New York State.


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