Grandich Observations

It won’t be long before the vast majority in the financial service industry (I coined them “Don’t Worry, Be Happy” crowd) will be answering their clientele like this -watch here

Trying to keep my word to discuss financial markets more without falling into the trap of my
yesteryear lifestyle, let me just note:

  • The stock market bounce I spoke of last week into early this week, seems to have run its course. I was close to putting my remaining 50% short capital to work this morning, but held off. Here’s to half a loaf of bread being enough.

Where have all the gold bears who have predicted its demise for some time now, gone? Let’s not pop the champagne yet, but a weekly close above $1,265 can at least allow us to take out the champagne glasses. We really shouldn’t think of opening the bottle until such time we’re above $1,400 – a feat that may take to 2018 before being accomplished. But make no mistake about it, my choice to being in gold versus financial general equities, looks better all the time.

And finally, it’s important we think about our finances, but what really only matters has been best describe by Francis Chan. 8 or 9 out of 10, don’t want to hear this and quite frankly, most who do, wish I didn’t bring it up (or worse, wish not to hear from me again). But that’s okay as it’s the 1 or 2 out of 10 who will appreciate it and whom I’m honored to help. Please watch here