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| Camille Paglia |
The World is a comedy to those who think and a tragedy to those who feel.
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| Camille Paglia |
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| Easter Bombing in Pakistan |
“Now I really understand that God is not a respecter of persons, but in every nation he who fears him and does what is right is acceptable to him. He sent his word to the children of Israel, preaching peace through Jesus Christ (who is Lord of all). You know what took place throughout Judea: for he began in Galilee after the baptism preached by John: how God anointed Jesus of Nazareth with the Holy Spirit and with power, and he went about doing good and healing all who were in the power of the devil; for God was with him. And we are witnesses of all that he did in the country of the Jews and Jerusalem; and yet they killed him, hanging him on a tree. But God raised him on the third day and caused him to be plainly seen, not by all the people, but by witnesses designated beforehand by God, that is, by us, who ate and drank with him after he had risen from the dead. And he charged us to preach to the people and to testify that he it is who has been appointed by God to be judge of the living and the dead. To him all the prophets bear witness, that through his name all who believe in him may receive forgiveness of sins.” *
But in the last 12 months things changed. I checked one day and found that last October, the share price had jumped to around $50, a gain of about 150%. I have always believed that when any asset goes up that far and that fast, it is time to sell and take profits. I don’t like to be greedy. So, I sold 400 shares and netted about $20,000. But for some reason I held on to 100 shares.
Incredibly, the price of metals like gold and silver continued to soar, and by January of 2026, my SLV shares had jumped to $105 per share. I sold my remaining shares at what now looks like a top and netted over $10,000.
I don’t know who bought my shares that day. Millions of SLV shares were being traded every day in January. The volume indicates that major investment firms were involved. Many of these entities use sophisticated computer programs in decision making.
Then, weeks before the USA attacked Iranian military sites on February 28, gold and silver prices started to drop causing speculative buyers to take big losses. On March 24, SLV closed around $64 a share, down about 40% from the January high. That’s big money. Of course, the shares are still considerably higher than they were last March, but if you bought in January, you took a big loss.
I’m trying to understand what this precious metal mania meant for ordinary people. As the price of gold and silver soared, it obviously took more dollars to buy an ounce of each metal. That means that as gold and silver prices rose, the dollar weakened and had an inflationary effect. It just took more pieces of paper to buy an ounce of gold and silver, or anything else. Now that metal prices have dropped, does that mean the dollar is stronger, and will that impact inflation figures?
Unfortunately, I could find little information or interest in the movement of gold and silver prices in the pages of the Wall Street Journal, or various media outlets over the past year. So, I can only guess about what happened. I certainly don’t want to try to predict what will happen going forward.
Was it just a speculative mania or “bubble” that finally burst in January? Or perhaps the meteoric rise was caused by investors who feared that President Trump was not bluffing about Venezuela and Iran and who were seeking what is normally a safe haven for their money.
Despite the rise in precious metal prices, inflation moderated and oil prices stayed relatively stable. Only after the attack on the Iranian military sites on February 28 did oil prices spike. Even though energy prices are not included in official inflation figures, ordinary people are feeling the effect at the pump.
During the past year major stock indices continued to rise to record levels, and people would have seen substantial increases in their 401k and other investment accounts. The Dow Jones Average and other market averages hit all-time highs in early February but began to drop a few weeks before the attack on Iran.
Everyone knows that real estate prices have risen over the past year. A quick check on Zillow indicates that my modest home has reached an all-time high value. But like most people, if my wife and I wanted to cash in, where would we go?
Most people don’t consider that their homes fluctuate in value like stocks and precious metals but maybe it doesn’t matter. At least we can live in our homes no matter what the value.
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To Have and Have Not. Humphrey Bogart and Lauren Bacall co-star in this 1944 wartime drama loosely based on an Ernest Hemingway story. It seems obvious that the filmmakers attempted to cash in on the success of Casablanca, the very popular 1942 war time drama that established Bogart as a huge star.
Both films are set after the fall of France in colonies under the control of the French Vichy government, a puppet of the German conquerors. Casablanca is in Morocco, and To Have and Have Not takes place in the French Caribbean colony of Martinique.
As in Casablanca Bogart plays a tough, jaded American who just wants to go about his business without any involvement in the war or politics. In Casablanca he ran a popular night club but in To Have and Have Not Bogart is a charter fishing boat captain barely eking out a living. Still, much of the action takes place in a saloon/night club which even has its own likeable piano player, this time played by Hoagy Carmichael.
I suppose the greatest difference in the two films is the female lead. In To Have and Have Not the nineteen-year-old Bacall made a spectacular film debut. Instead of the sophisticated Ingrid Bergman of Casablanca fame, Bacall is a sexy and sassy young woman just passing through. The on-screen chemistry between her and Bogart makes this film a joy to watch.
The dialogue between them, written by Jules Furthman and William Faulkner, the renowned novelist, pushes the envelope of Hollywood’s Production Code. Although condemned by modern critics, the Code forced writers to be really creative in expressing sexuality without becoming offensive to their 1940s audiences. The scene in which Bacall teaches Bogart how to whistle is the highlight of the film. 100 minutes. CC.
The Big Sleep. The successful pairing of Bogart and Bacall led to three other films in very short order. They next starred in a 1946 adaptation of famed crime novelist Raymond Chandler’s novel, The Big Sleep. Bogart plays Chandler’s legendary private eye, Philip Marlowe, on the trail of killers, pornographers, gamblers, and a bevy of beautiful young women. In this film and in the earlier Maltese Falcon Bogart created the private eye. No one else ever came close.
Despite a convoluted plot, once again director Howard Hawks brought out the chemistry between the now famous couple who had actually fallen in love on the set of To Have and Have Not, and married soon after. This time Bacall plays a wealthy sophisticated woman but the dialogue, especially between the two stars is discreetly sexually charged.
Interestingly, there is an added feature on my DVD that sheds light on the creative process in Hollywood in those days. Before the film’s release Bacall’s agent saw a preview and thought it would destroy his client’s budding career. He wrote a long letter to the studio head asking that some scenes be re-shot to improve Bacall’s role. The studio agreed and the result is a classic film noir. 114 minutes. CC.
Dark Passage. Bogart and Bacall star in this 1947 film about a man who breaks out of prison after being falsely convicted of murdering his wife. Based on a novel by crime writer David Goodis, Bogart plays the escaped con, and Bacall plays another sophisticated woman who, for reasons of her own, provides a hideout for him in her lavish apartment.
Nevertheless, to escape the law, he takes the advice of a friendly cabbie who in the middle of the night arranges an appointment for him with an outlaw plastic surgeon who claims he can make him look like anything, even a monkey, in 90 minutes, no more no less. Sure enough, the doctor, played hilariously by character actor Houseley Stevenson, turns him into Humphrey Bogart once the bandages are removed.
Next to the scene with the plastic surgeon, my favorite part of this film is the ending with the couple meeting to the tune of “You’re Just Too Marvelous.” 106 minutes. CC.
Key Largo. John Huston directed this 1948 drama that would be the last film in which the famous couple appear together, but their roles are strangely subdued. Bacall plays a war widow who runs a small hotel in the Florida Keys with her wheelchair bound father, played by Lionel Barrymore. Bogart's character had served with her husband during the war, and though he survived, the war has had its effect on him. He is not the tough self-assured guy of the earlier films.
Bogart’s character wants to meet his deceased friend’s family, but arrives at the hotel in the midst of a hurricane warning only to find that there is danger within. Edward G. Robinson practically steals the show playing an over the hill gangster on the lam from police. His gang has taken over the hotel until they can find passage to Cuba. Claire Trevor won an Academy Award for Best Supporting Actress playing the gangster’s mistress, an ex-nightclub singer turned alcoholic. 101 minutes. CC.
I prefer to watch on DVD with no annoying commercials. In addition, the DVDs sometimes include informative features.
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