A hug is a drug! Science to the rescue …

I am always happy to misinterpret what I read, and when it backs up common sense and anecdotal experience, then the sky’s the limit.

One of the silliest medical experiences of my life involved early offspring #3’s journey through two NICU’s.  He was extremely early [by 1995’s standards, apparently 23 weeks is now viable … soon the womb will be an inconvenience of the poor …] and received considerable medical care.  We were lucky, and he was perfect and continues that way to this day, but he received two very different kinds of care.

In the first NICU, when he was admittedly much more fragile, the approach was scientific, the doctors and nurses were in charge, the parents were a problem, and keeping the babies germ free was a key focus and used to justify all practices.  And it didn’t help that, although firmly in the province of Ontario, the hospital that housed that NICU was staffed entirely by francophones, which is what always happens when we try to provide bilangue service.  Worse, the staff were secretive and wouldn’t let you listen to the report given when they changed shift and were discussing what had happened to your child in the night – which was always in French – a quick impenetrable Quebec French – and if you wanted to touch your baby in the incubator, they would let you, until the baby’s oxygen needs would go up, setting off alarms, and off one was sent.

But luckily there was another hospital closer to us that he was able to be moved to when he was about 3 weeks old and off a respirator.  Again, I must acknowledge that they did not deal with what we call tertiary care infants, those born in extreme need, but that does not fully account for the difference in attitude.  The first thing I really noticed was that the nurses would adjust the oxygen flow so that our baby’s blood oxygen levels stayed high while he was being handled, preventing both him getting distressed and the alarms going off.  And then one of the very nice nurses sheepishly spoke to me one day about this concept they were trying to introduce, ‘discovered’ in Australia, called Kangaroo Care, because some genius had found that premature babies did better when given skin to skin contact and not just kept in incubators, and would we mind if she snuggled our peanut when we weren’t there.  So she rocked him a lot instead of him just lying there – and he flourished.  Just imagine.

OLYMPUS DIGITAL CAMERAMikey, enjoying his first real hug, at three weeks old, 31 weeks gestation.

Okay, that was a long anecdote.  But then we have offspring #2’s leg healing I have just written about, and my current very positive experience with the athletic therapist I have been seeing.  But this is all old news.

What I read the other day, and failed to understand properly, was an article about the hormone oxytocin [look out, here comes another birth story, ed.], with which I am intimately familiar.  But I will spare you the details of Offspring #1’s reluctant entrance to this world, only to comment that oxytocin is clearly a very powerful hormone.  And it would appear that is has been linked, or a lack of it has been linked I should say, to anti-social behaviour.   It is used through-out the body in a multitude of systems that quite defy our understanding, but I couldn’t help but think of our very shy neighbour who’s social anxieties have become worse and worse – it is obvious that the outward behaviours are reenforcing but it is so sad to think that by withdrawing from physical contact, perforce, one would chemically contribute to anti-social behaviours that create depression and ultimately madness.

So I come back to the obvious – the kiss that came with the bandaid did help heal your wounds, and a hug a day just might keep the doctor away.

Oh, and here is the article:

WINDOWS TO THE BRAIN   |   March 01, 2013
Oxytocin and Behavior: Evidence for Effects in the Brain
Francis L. Stevens, Ph.D.; Omri Wiesman, Ph.D.; Ruth Feldman, Ph.D.; Robin A. Hurley, M.D.; Katherine H. Taber, Ph.D.
The Journal of Neuropsychiatry and Clinical Neurosciences 2013;25:96-102.doi:10.1176/appi.neuropsych.13030061
Knowledge about the oxytocin (OT) system in the brain has increased greatly over the past decade.15 Although this neuropeptide is best known for its peripheral effects, direct modulation of central nervous system (CNS) areas has also been implicated in OT’s actions, which include a major role in a wide range of affiliative behaviors.1624 Often referred to as the “social bonding” hormone, speculations are being made as to its applications and potential uses in enhancing human relationships. Alterations in the OT system have been implicated in several neuropsychiatric disorders.25 Multiple types of psychopathology manifest in deficits in social functioning, including inability to maintain interpersonal relationships and engage in socially appropriate behavior. The OT system may influence the efficacy of psychotherapy, as research has repeatedly shown that the therapeutic relationship is one of the largest predictors of therapeutic change.26 OT may also have value as a therapeutic intervention.

 

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60 Responses to A hug is a drug! Science to the rescue …

  1. Dude Stacker says:

    dual purpose as it is warming as well on this -11F morning.

  2. Dude Stacker says:

    (not taken from my window, but seems possible)

  3. xty says:

    I thought it was taken outside my front door … had to drop off the more ancient of our vehicles at our local garage … poor hubby just had to give up on the dream of fixing it himself in -15 weather, while working 70 hours a week bringing home the bacon – this morning, and only Mouse really enjoyed the outing.

    But we were hollering with neighbours as it was garbage day, and our neighbour across the street, who wears the greatest hat with flannel flaps, and mostly always wants to be at his hunt camp even though he only fishes, came out without a coat or hat! A much better predictor of spring than an oversized land-beaver, so there is hope.

    And then the garbage guy smashed the lid off our green compost bin, which is of course frozen, as he refuses to use the undoubtedly expensive, modern and well-researched, lifter that is built into the trucks and lifts them and bangs them neatly, but tries to do it himself because it is faster. I wonder if I have to buy a new one? This should be a fun call to the city hotline.

  4. EO says:

    Oxytocin is wonderful stuff. Healing and happiness abounds. Get yourself a dose of it everyday. Any sort of touching, snuggling, nesting, spooning, massage. Even just petting your dog will give a shot of the good stuff to both you and the dog.

    And of course, orgasm is the most powerful oxytocin booster available, so…ahem…get busy and take your medicine! 🙄

    Here’s more:

    http://io9.com/5925206/10-reasons-why-oxytocin-is-the-most-amazing-molecule-in-the-world

  5. xty says:

    Fascinating stuff. It sure induced my labour! I wonder if babies who aren’t breast fed end up with lower oxytocin levels and more attachment problems. Our middle kid had fits as a toddler, and Ben would kind of smother him and he would struggle a bit and pound dad as best he could, and then calm down and sleep. Often both of them. It worked much better than frustration and anger, trust me.

    Other than getting busy with my homework, so to speak, I wonder if you can get it synthetically. But I am off to the athletic therapist, so a solid half-hour of oxytocin building. He has really helped my leg.

  6. Dude Stacker says:

    The first youtube ad I have watched all the way through. Quite serendipitous re: today’s topic.

  7. Dryocopus pileatus says:

    good subject. i will find some articles on the topic (Re Romanian orphans) but first i want to get something off my chest. OK, here it goes… Man am I sick of freezing my balls off! sorry Xty, please forgive me, but this is getting ridiculous.
    oh, and this. the comments are the best part…
    http://www.nakedcapitalism.com/2014/02/1-6-men-prime-working-years-dont-job.html
    i’ll be back in a bit.

  8. Dryocopus pileatus says:

    i’m back. my numb fingers now have warmed up, and they just hurt a little bit at the tips, but i can type, at least better than before.

    i read some depressing stuff about Romanian orphanages, and then assumed that all you folks here being well read and worldly, probably didn’t need a refresher course in human cruelty.

    instead, i’ll post something that seems relevant to present day culture, though it was written in the early 60’s. great authors are so often futurists. i mean, look at Jules Verne – the greatest science fiction writer ever! but back off topic, or sort of.

    “The story concerns mainly Ethan Allen Hawley, a former member of Long Island’s aristocratic class. Ethan’s late father has lost his family’s fortune, and, consequently, Ethan now works as a clerk in a grocery store. His wife Mary and children resent their mediocre social and economic status, and do not value the honesty and integrity that Ethan struggles to maintain in a corrupt society. These external factors, as well as his own psychological turmoil, cause Ethan to attempt to neglect his normal standards of integrity in order to reclaim the status and wealth that he once enjoyed.

    Ethan’s decision to gain wealth and power is influenced by criticisms and advice from people he knows. His acquaintance Margie urges him to accept bribes; the bank manager (whose ancestors Ethan blames for his family’s misfortunes) urges him to be more ruthless. Ethan’s friend Joey, a bank teller, even gives Ethan a lesson on how to rob a bank and get away with it.

    On discovering that the current store owner, Italian immigrant Alfio Marullo, might be an illegal immigrant, Ethan makes an anonymous tip to the Immigration and Naturalization Service. After Marullo is taken into custody, he transfers ownership of the store to Ethan through the actions of the very government agent that caught him. Marullo gives Ethan the store because he believes Ethan is honest and deserving. Ethan also considers, plans, and mentally rehearses a bank robbery, failing to perform it only because of external circumstances. Eventually, he manages to become powerful in the town by taking possession of a strip of land needed by local businessmen to build an airport; he gets the land from Danny Taylor, the town drunkard and Ethan’s childhood best friend, by a will made by Danny and slipped under the door of the store. The will was drawn without any spoken agreement some time after Ethan gave Danny money for the purpose of sending Danny to receive treatment for alcoholism. Danny assures him that drunks are liars and that he will just drink the money away, and this is indeed confirmed when Danny is found dead with empty bottles of whiskey and sleeping pills.

    In this manner, Ethan becomes able to control the covert dealings of the corrupt town businessmen and politicians. Ethan seems to accept what he has done but is confident that he will not become corrupted by it. He considers that while he had to kill enemy soldiers in the war, he never became a murderer thereafter.

    When he discovers that his son won a nationwide essay contest by plagiarizing classic American authors and orators, a conversation ensues with his son in which his son denies any kind of guilty feelings. The son maintains that everyone cheats and lies. Perhaps after seeing his own moral decay in his son’s actions, and experiencing the guilt of Marullo’s deportation and especially the death of Danny, Ethan resolves to commit suicide.”

    http://en.wikipedia.org/wiki/The_Winter_of_Our_Discontent

    if i’m back tonight, i’ll either post on topic, or music. too many setbacks today have me a bit flustered. winter blows! (pun)

  9. Dryocopus pileatus says:

  10. EO says:

    This gave me a huge laugh this morning.

    Doug Casey: ‘We are heading toward The Greater Depression’

    Doug Casey has been singing the same doomsday song since the 1980’s. Exact same catch phrase. I know. I was there, reading his stuff. How many decades can a guy keep being wrong and still maintain any credibility at all? I guess for as long as people have short memories, as long as no one is held accountable for bad predictions, and for as long as there’s a sucker born every minute. Which means…a long, long time.

    If it actually happens in another 20 years, some 50 years after he said “we are heading…” then he’ll still say “Ha! I was right!”. Meanwhile everyone who had been investing with him all along had already long since gone bust. Their “greater depression” had already started, thanks to douchebags like Doug Casey. While he sits fat and happy on his ranch in Argentina.

  11. xty says:

    Just a quick note to say I have been busy getting mum admitted to hospital – ambulance at about one yesterday afternoon and finally admitted this morning just before five. Now we still stuck in emergency as they wait for a bed to become available. Poor dear – endless bladder infection, now kidney trouble too. But she is like some miracle of nature – no prescriptions, no operations to speak of, no broken bones and she lived on scotch for at least a decade and loathes all vegetables and salad. 82. Arteries of a much younger person and she smoked for twenty years. Brain a mess – will get to sleep this afternoon but the blog will have to look after itself again. I am sure I will be back to full steam soon.
    Great comments. And I have been making sure to rub mum’s head and hold her hand and pat her a lot. But I sure miss my Mouse.

  12. xty says:

    I do remember the stories of the Romanian orphans. Mikey’s girlfriend’s little sister who is also a rescued Chinese baby girl was about a year old when she was adopted and she could not even lift her head properly as she had spent her entire life in a crib. So sad. And one knows that for every happy story there are tens of thousands of tragedies.

    What a great summary of a novel. I have a plot line in my head involving two friends, one who ‘makes it’ and one who doesn’t who come to envy each other and try to reverse positions.

  13. xty says:

    The end of the world is nigh! Another statement that will be right once. I am growing to understand more of EO’s anger at these bastards. It is unfortunately very easy to get people to believe that external factors are all that is wrong and if only some massive distant power could be overthrown all would be well. Gives one an excuse for any personal failures and someone to blame for all your woes. Very satisfying if destructive.

  14. xty says:

    In fact I remember hubby reading some book about how to survive the coming depression back in the early nineties or so – yeah right.

  15. EO says:

    All our best to Mum.

  16. Dude Stacker says:

    If you are Reading this Blog – Chances R U R a Genius.

    I must confess, I stole that from Martin Armstrong. Starting with today’s blog post, The Winds of War – R the Markets Responding? he has great content. Check it out: http://armstrongeconomics.com/armstrong_economics_blog/

    The shift in the markets is SOLELY due to CONFIDENCE. This is the only true mover & shaker in the global economy. I have repeatedly warned that gold is NOT a hedge against inflation or some fiat currency. This is slick salesmanship nonsense that costs people a ton of money and I believe is instigated by the market manipulators. Gold reached $875 in 1980 and almost $2,000 in 2011. The Dow outperformed gold moving from 1,000 in 1980 to 16,000. Gold was by no means a hedge against inflation or even hyperinflation that has failed to materialize outside the cavity in some people’s heads.

    Feeding people this bullshit costs them their livelihood and jeopardizes the future of their family. It is out right fraud from an analytical perspective. There is ABSOLUTELY no proof behind what they put out their has any foundation in fact. It is always a question of pure CONFIDENCE. People start a run on a bank because they lost CONFIDENCE in that bank. This is the same driving force behind everything. You cannot make money if you do not understand what you are doing.

    another: One example with student debt that has proven devastating comes from Britain. The government needed cash so they sold all student loans for 25%. The government got cash and totally screwed the students. Now private companies are out trying to collect 100% of what is owed. The government never gave the students the ability to pay off their loans at 25% of their face value. Students are being hunted down even when they live in foreign lands. Wherever they are, they are being hunted down by debtor collectors.

    The entire system of education is a disaster. It is bloated with nonsense and has proven to be a failure with not just 60% unable to find jobs in what they paid for, but the debts they have amassed are burdensome and is reducing their standard of living going forward. It has proven to be another Utopian idea gone seriously wrong.

    I seriously will not encourage my grandchildren to go to college.

  17. xty says:

    For us college is not university but a place where people learn practical skills and they are doing excellent business, challenging the universities. Mikey’s graphic design course for example is a college course – he could not take it at university – he could take fine arts or some sort of ‘art’ that had theoretically no ability to make you money as a career. And now that university grads can’t get jobs but colleges advertised based on their graduates’ ability to get a job, many more people are going to college. Interestingly now that offspring 1 is in med school, she is actually in a college. Strange semantics and we had to persuade Mikey that it wasn’t a lesser choice to want to go to college – the universities really need to be taken down a peg.

  18. Dude Stacker says:

    These are the kids I will not encourage to go to college. And round trip back to the hug drug theme.

  19. Dude Stacker says:

    Shoot, hit post before browse

  20. EO says:

    Kudos to Armstrong. On the list of what I consider “the usual suspects”, Armstrong is one that has gotten more right than wrong of late. In the well publicized feud/split between Armstrong and Sinclair, Armstrong turned gold bear while Sinclair doubled down on the “to da moon” story. The verdict is in. Armstrong was right, Sinclair was wrong. Meanwhile, the blog creatures accused Armstrong of being a sellout, as they kept reading Sinclair every day while watching their net worth plummet. I loved the whole “Armstrong must have cut some deal with the gubmint to get out of prison” meme. Fits right in with their general psychosis. What a laugh.

  21. xty says:

    Not to insult anyone but I always thought Santa was completely nuts. I stand by the premise that a poorly explained concept is a poorly thought out one and I could barely understand a single sentence he wrote. None of his predictions ever seemed close to right and he spoke in a deliberately opaque way.

  22. Dryocopus pileatus says:

    wish we had all been talking like this 5 or 6 years ago – we all have lost a lot of money to get here. i subscribed to Casey for a year, the year he said that SVM was a buy under 9 dollars – it was above 11 at the time. i was patient, and bought it under nine. i got caught up in the BTFD craze and bought more at half that – you know the Martingale method. i’m out of it now, had to raise some emergency cash last year. last time i checked it was in the mid twos. that mofo shill Sinclair probably is the one i hate most of all. against my better judgement, i bought into his mother of all sure things in March 2012, just before the blood bath. i bought a load of physical silver at 34 something, and also loaded up on EXK around 6. well, here i am today, retirement pretty much vaporized. i had been awesome up until 2008. as i became more confident, i also began to seek confirmation like a stupid lemming. but my record spoke for itself, and people started having me manage some of their money. what kills me the most is that i then helped family and friends lose their shirts too. i have apologized though! i was wrong! so what is it with these f’ing bloggers! ADMIT YOU WERE WRONG!

    rant off.

    best to you and your Mum Xty. hope you’re doing OK too m44.

    freaking colder than heck today again. just have to complain about it a little more. wish i would have held back on a few of those BTFD’s so i could be in Cozumel right now.

  23. Dryocopus pileatus says:

    on topic… i too was sold on the college scam. already way back in the 80’s, the theme was ‘go to college to get a decent job’. i appreciated learning some literature and art, you know so i could appreciate the finer things, but at the core, i wanted to get a jump on my career. meanwhile, my best friend joined the Coast Guard, got free training in electronics, and has kicked my ass in his career ever since! so a few years after college, although i got decent grades from a major University, earned a BS in Econ, i went back to school – to learn electronics, because the jobs i was able to land stunk! so already by the early 90’s, the meme of college leading to career was way over-hyped. and what is happening to kids these days is just plain criminal.

  24. Dude Stacker says:

    I may have mentioned that I have a degree in psychology. Would rather it had been photography. Oh wait- you don’t need a degree for that. Lucky me, I had a scholarship so didn’t go into debt. Lucky me again- it was a party school!

  25. Dude Stacker says:

    I missed my true calling- I should have been a beaver hugger/squeezer. Probably would’ve had plenty of spare time to read Steinbeck, Dickens too.

    http://newswatch.nationalgeographic.com/2013/10/01/beaver-butts-emit-goo-used-for-vanilla-flavoring/

  26. EO says:

    I had a worthless 4 year degree, and had to go back and get an MBA in accounting in order to be employable. It has worked out, but only because I was able to go a non-traditional, seasonal, mostly stay home Dad route. If I had had to be full time all the time I wouldn’t have been able to stomach it and would have been driven off into something else a long time ago.

    My brother had a worthless 4 year degree as well. Bounced around, deisel truck driving school, then tech school, which led to a job with the State. Been gainfully employed ever since with that.

    On the other hand my wife and my sister proved it can still work. 4 year degrees and gainfully employed ever since.

    Our kids are taking their shot at the traditional route. Son will get a 4 year degree in actuarial science, with a computer science minor. We’ll see. I understand all the doubts and fears. But I feel more optimistic right now than I did 2-3 years ago. Daughter will start at UW-Madison in the fall. That was the long held goal, so no need to dwell on the potential downside right now. I know it all by heart. It’s my job to worry.

    Of the nieces and nephews, some hits, some misses, some still up in the air. Mixed bag.

  27. Dude Stacker says:

  28. Dude Stacker says:

  29. EO says:

    Agreed. Santa is completely incapable of expressing himself clearly. Babbling.

  30. Dude Stacker says:

  31. Dude Stacker says:

    Last one, grandkids are here and they’re stayin’ all night.

  32. EO says:

    Your Doug Casey SVM story sounds a lot like my Doug Casey Vengold story. Similar price points even. This was in the late 90’s. I was a subscriber and somehow missed the sell recommendation. Months later he fessed up that somehow the sell reco didn’t make it into the final edit of the newsletter. RIGHT! 🙄

    The company itself, in about March 2000, decided to sell their one good property, change their name, and go into the internet business. Bitchin’ good timing on that! I lost track then, but can only assume the tech bubble burst completed their trip to zero.

  33. Dryocopus pileatus says:

    more beaver hugging/squeezing…

    and this 😈

  34. Dryocopus pileatus says:

    sorry, missed your posts EO. don’t know if i like this collating thread thingy.

    i think Xty was remembering one of the Howard Ruff books with that title.

    i had at least one 10 bagger way back in the junior miners, a few others must have been close. they are the ones you always remember of course! especially because i picked them myself! but that was in my trading account. the worst mistake i ever made was buying miners in my IRA.

    i remember also playing some penny tech stocks back in the day. it was cool being able to tell people that you owned 100,000 shares of some company with a super cool sounding high tech name. of course you’d never say that you only had 80 bucks in it. those stock were the true lottery tickets, scratch offs really. you usually lost, but only a few bucks. sometimes you’d win a buck. but every once in a while you’d by a Microsoft. but you’d never hold it past a few doubles, because no one ever is that smart. 🙂

  35. EO says:

    Ravi Batra had a book like that. Also the crew from The Daily Reckoning. Bill Bonner, James Dale Davidson, etc. That crew really sent me down a blind alley that I only found my way out of these last couple of years.

    Prechter, of course. Jim Turk has been around forever. Marc Faber. You have the Doomsday Inflation crowd, and you have the Doomsday Deflation crowd. Somehow, they all love gold. Maybe that was what was so seductive about it.

    Anybody wanna buy some barbarous relics?

  36. Dryocopus pileatus says:

    hey EO, Dude, check it out. 14th coldest winter so far on record here. don’t let anyone call you a pansy. 🙂

    http://onmilwaukee.com/living/articles/02032014a.html

  37. xty says:

    Still in hospital with mum who is finally admitted and in a bed in a ward. Getting a little better but there is a lot of initial blood work and an iv and shots of heparin in the belly but she is in the right place. And I got the mini tv to work and our girls are making mincemeat of the Swiss right now in hockey. 5 – 0.

    My English/history major with a Latin minor has been a total cash cow! Nothing but riches. But I could have done the academic route and milked the system for a 6 figure salary but instead stayed home and it was poor hubby with the useful engineering degree who is a viable source of income. I would hate the person I would have become but I wish it wasn’t so costly to try to have integrity.

  38. xty says:

    The hospital free wifi is looking at these beaver hugging videos with suspicion. I hope nobody is so vile as to find the word beaver at all inappropriate. Although I still think showing your snatch in a movie is pretty cheap. Gratuitous beaver shot indeed.

  39. Dryocopus pileatus says:

    that scene caused a big uproar at the time. i remember even finding myself somewhat offended. i was raised Catholic after all. but i don’t get so hung up on words anymore, nor do i think any particular body parts are unholy!

    those baby beavers sound just like human babies. that kind of freaked me out!

    sorry to hear that you and Mum are still in the hospital. i suppose that is pay back for trying so hard to get admitted.

    it’s another one of those winter days here. it’s snowing more than predicted, though they got the temperature about right. 🙁

    see y’all later.

  40. xty says:

    Oh mum needs to be here. And I will sleep at home tonight. She will be in until she can walk, and honestly one day it will be night night Nana. No illusions. But they are thinking mid-week. I think it will be a bit longer. Ah life. But I am miserable when she is miserable, so there is nothing to be done about it. Hubby is being really great – and you know what I mean I hope.

    I think I will get rid of “reply” and the threaded thread. It only goes three deep and was just a setting I left, but it irritates me too.

  41. xty says:

    I am not upset by our physical purchases, btw, that is a fine core holding still that we will not touch unless the wolf is at the door.

    But the immolation of ‘paper’ holdings … I think it wasn’t so bad for us until the last year because of timing. We mostly lost what we had made, and our debt and troubles stem from earlier tech loses and then our interesting last 4 years or so, when income dried up but expenses were high – middle son was still at university then (now a much happier drop out) – etc. But things should straighten out, and we have given over direct control too, so we will have to run any crazy schemes by a trained professional, who is also a fellow who played and didn’t get burned, reading lots of the same stuff but being smarter. Just have to nurture the stunted oak tree we planted thirty years ago, not plant a new one, thank something.

    I don’t like looking to the past and being bitter, but one does have to learn from one’s mistakes. It is giving up on thoughts of revenge that is so hard.

  42. Dryocopus pileatus says:

    i realized some time ago that it would be more funerals than weddings going forward. this happened a little earlier for me than most since i don’t have kids. in my experience so far, dying is harder for the one’s left, than the one going! for some it is totally unexpected, and most of those who do know it’s coming have their stuff in order! even for me at my age, i’m not afraid of actually dying, just maybe afraid of a long suffering, or being kept going against my wishes. thanks to Legal Zoom, i worry about that last one a lot less. pull that plug, and get the wake going! and no freaking funeral! i don’t want anyone to ever have to view my corpse. wtf? hey, no subject off limits here so far, Xty. 😛

    my wife and i have had a series of unexpected financial setbacks, which has not allowed me to weather the bloodbath in the metals. i have had to sell actual metal, and paper, all at steep losses. after 2008, i stayed out of bonds and the broader markets completely, so i have had no winners at all to sell. that is why the flippant attitude of those unmentionable ego’s has me so incensed. for many people, this has been the perfect storm – the economy and the hedge (in theory!) both “shit the bed” at the same time! good grief.

    since it keeps coming up, (today’s word) i’ll summarize my dental past as 4
    permanent teeth pulled to make room, a root canal following a bar fight, and later a dental implant on the same tooth. at the time of the fight, i was considered the victor too. if i ever run into that guy again, i’ll have to make sure! but Dude, no cavities for me yet either.

    weather update…

    hope you are home by the time you read my latest ramble.

  43. Dryocopus pileatus says:

    Xty – can you please edit my last post and take out the errant apostrophes? :mrgreen:

  44. EO says:

    A lot of what I write comes off as extreme anger at criminals like Doug Casey and Craig Hemke, and surely there is a lot of it. But what is at the core of it all is the internal conflict within. I’ve been positive toward the metals since the 80’s, and had serious capital committed since the 90’s. I’ve read everything there is to read, in a confirmation bias sense, and can recite any argument you see every day on the metals blogs from memory. And yet…I’ve come now to the point, after 30 years, and at the age of 53, where I just don’t believe it anymore. And I’m suspicious of those selling the snake oil. It’s a huge change. A watershed. And one that won’t come without a lot of angst from within. It’s a process. One that I’m still working through.

    Not that I’ve done badly. Quite the contrary. I used to buy British Sovereigns for 80-100 bucks a piece. Today, even after the pullback, they go for 300. Overall, I can’t complain. But still I sense there has been a huge opportunity cost. As well as the Sov’s have done, other things woulda/coulda/shoulda done better.

    I could sell the whole stack with a phone call (Provident is an excellent buyer, btw), but now the moment requires a sensible approach. It’s just another asset to me now. Nothing magical or mystical. Not invested in any ideology or worldview. But no mood to just dump into a down market either. I wouldn’t do that with other investments, and I won’t do it now. But as cash needs arise (kids at Uni for one), that stuff is gonna go. In any sensible asset allocation scheme, I am overweight metals. On rallies, I’ll sell some. Over and over again. Until the overall allocation makes some sort of prudent sense again.

    If we were to get a serious rally, I will be selling physical as fast as I can, and possibly replacing some with paper gold. That article of paranoia faith about how “If you can’t touch it, you don’t own it” is another bit of wisdom that I’ve tossed on the dungheap. In a rational investment sense, that I would apply to anything, the buy-sell premium that you take in the shorts every time you deal in physical is just unconscionable in this day and age. You can be in and out of so many different things with the thinnest of spreads, and yet people get scaremongered into eating these huge spreads just to get physical metal. Just another thing that pisses me off. And like everything else I’m more pissed at myself than anything, but it tends to manifest as anger at others.

    As I’ve explained to peckerwood before, sometimes I come out firing and it might seem like I’m blasting at some of the choices he’s made. No. I’m blasting at some of the choice I’VE MADE. He just happens to be standing there in the crossfire, taking friendly fire. That’s the short version. The long version is all the paragraphs above, just for starters.

  45. EO says:

    On the lighter side, I now present to you the highest and best use of the entire internet. Dog gifs.

    http://www.doggifpage.com/

  46. EO says:

    And…it’s always a good day to take a shot at Fake Libertarians. I know, I know, it’s just too easy…

    http://www.alternet.org/economy/5-obnoxious-libertarian-oligarchs-who-earned-fortunes-government-theyd-destroy?page=0%2C0

  47. xty says:

    I am mostly angry at myself for hoping that the price would go up. As soon as I knew I was hoping I should have run. But no … still shaking the sand from my head after stuffing it so deeply into the beach. I think I might be incapable of unemotional investing.

  48. xty says:

    And I miss :mrgreen: Going home in two hours and embracing him!

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