Gold & Silver Surge! Since the beginning of the year Gold & Silver have been the best performing asset class. The markets are very uneasy all throughout the world. Why? QE tapering…The Fed has decreased QE from $85 Billion Monthly to $65 Billion Monthly…and it looks like there is more tapering to come. This is making the Markets all over the world very uneasy.. Another Banking death to report… Mr. Ryan Henry Crane, suddenly died at age 37, it will be about 6 weeks before the toxicology report comes in. This is the 4th sudden Banking death since the first of the year. Get this; he was the head of the trading desk at JP Morgan. Powerful People over there! The raising of the minimum wage is an admission that inflation is running wild. The raise hike represents a 39% increase. Canada is also raising their minimum wage. Ontario just approved the hike to $11.00 per hour. The citizenry is still unsatisfied. They want it to be $14.00 There are only 2 historical reasons why the minimum wage gets increased. 1. Consumer prices rise because of a strong economy that leads to inflation. 2. The Government is printing too much paper? I will let you be the judge. Want to know some truth about retail sales? Here are some facts! • J. C. Penney said is closing 33 stores across the country and shedding about 2,000 jobs. • Macys will be closing five stores, and cutting 2,500 jobs • Best Buy just closed 50 stores, and analysts believe it could close as many as 100 • Target just cut 450 jobs, and announced it would no longer offer health insurance for part-time employees (thanks, Obama!) • Sears said that it would shut its flagship store in downtown Chicago in April. Its the latest of about 300 store closures in the U.S. that Sears has made since 2010. “Isn’t the Sears Tower in Chicago”? • Radio Shack, after spending millions on Super bowl ads of its remodeling process, is actually preparing to immediately close around 500 locations in the coming months • Aerospatiale is on track to close 175 stores over the next few years. If the economy is doing so well…Why are they cutting back? Historical fact: January represented the largest year over year decline in disposal income for the U.S. since November of 1974…Maybe we can blame it on the weather? With the outflow of Emerging Market Equities, it will lead to a dramatic drop in Global GDP. Can you see the snowball effect? You will see a flight to safety in asset classes. Money is flowing out of stocks and it’s rolling into Bonds, Gold and Silver. This my friends, is just the beginning. Gold has surged over the $1300 per ounce mark and represents a 200 day moving average. If this holds next week, you should see a very large surge in the Gold Price. Gold’s little sister Silver has increased even more as a percentage. Gold and Silver mining stocks have done even better. But, this is normal for any increase in the physical price of a commodity. I hope these updates are keeping you informed. If you put your head in the sand and not pay attention, your financial future could be in ruins. Start Investing Today… tkqlhce/click-7305952-11615576 Be Inspired, Every Day, In Every Way, Ray Bove, Coaching Through Inspiration
Posted on: Mon, 17 Feb 2014 15:24:00 +0000
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