19
Mar

Current Thoughts 3/19/2017

This is something to behold. A Fed Chairman that literally called GDP data “noisy.” I was so shocked that I had to stop the TV and get a snapshot of it.

At the time, the dollar started to fall and guess what? It hasn’t stopped falling yet, dipping once already to under 100. For this reason, gold shot up higher along with silver. The inverse relationship is still intact.

The interesting thing to me is the stock market took off higher with Yellen’s talk of more rate increases. The stock market is ignorant of what the true consequences of this are, but we have to trade it accordingly. In reality it is doing all of the pension plans that rely on steady returns for solvency to hang in there. But all the while more and more pension plans are having trouble. Even the Pension Benefit Guaranty Association (PBOC) is having issues again. In my book Illusions of Wealth I address the pension problems many will have who rely on others to control their wealth. Only gold and silver in your possession is something you can guarantee will be there when you need it and that is why I highly recommend owning it.

You are buying at a current dip as I think the prices head up soon, however when the deflationary crash comes you’ll have the following issues;

  1. You will have bought at a lower price may than today.
  2. The supply will be dwindling up.
  3. The spreads will get larger
  4. The dip will come and go quickly so you’ll have to keep paying attention to the price.

No one will know what’s really going on as they will panicking about many other issues.  Some of those issues might e rhetoric about war which we are seeing more and more everywhere. This is a world being turned upside down right now and more investors will be turning to real wealth. It’s just a matter of time.

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About Doug Eberhardt

Doug Eberhardt is a 28 year financial services veteran and precious metals broker selling gold and silver at 1% over wholesale cost. Doug has written a book to help investors understand how gold and silver fit into a diversified portfolio, how to buy gold and silver, and what metals to buy. The book; “Buy Gold and Silver Safely” is available by clicking here Contact phone number for Buy Gold and Silver Safely is 888-604-6534

Disclosure:

Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with capital you can’t afford to lose. This is neither a solicitation nor an offer to Purchase/Sell futures or options. No representation is being made that any account will or is likely to achieve gains or losses similar to those discussed in this outlook. The past track record of any trading system or methodology is not necessarily indicative of future results.

All trades, patterns, charts, systems, etc. discussed in this outlook and the product materials are for illustrative purposes only and not to be construed as specific advisory recommendations. All ideas and material presented are entirely those of the author.