Tuesday May 29, 2012
A negative article in Seeking Alpha sunk San Juan Royalty Trust 40 cents today. It mentions the disaster at HGT which did crater as we reported.
Okay I give up on Royalty Trusts. I sold my SJT today.
Benjamin Roth: The Great Depression: A Diary
It's all here, times change people don't
-the endless govt programs that fail to stimulate the private sector
-the ups and downs of the economy, the veterans pension stimulates just as the housing credit did, until of course the money runs out
-Roth is a attorney in Youngstown Ohio who kept a diary regarding the economy from 1930 until WW II breaks out, he is objective, candid, and forthright which is more than we get from Washington DC now or then
highly recommended
Robert Scheer: The Great American Stickup: How Reagan Republicans and Clinton Democrats Enriched Wall Street While Mugging Main Street
The former Editor of Ramparts takes on both parties and how they sold out to Wall Street that is even now partying and bonusing on their former mistakes.
Charles Gasparino: Bought and Paid For: The Unholy Alliance Between Barack Obama and Wall Street
How Wall Street Backed the Administration and Got What It Paid For
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Dennis- I wouldn't give up on them. HGT and SJT have their problems, but the writers at SA have it out for them. I have identified a group of 12 trusts that have nat gas, oil and other minerals and are geographically diversified. They are cheap right now on the whole and the yields are very nice.
Posted by: neil master | May 29, 2012 at 05:50 PM
I just heard a "dividend diva" comment on CNBC to buy SJT. Couldn't believe it after reading your posts.
Posted by: Julie Turner | May 30, 2012 at 01:38 PM