Was it not just January 1, 2017 like yesterday? And now in a blink of an eye, almost half a year has gone by. Perhaps it’s just me, but at age 61, time passing seems to have accelerated into high gear.
As noted a few weeks ago, I’ve undertaken what I believe is a “God-inspired” belief to make all of my business and personal life, completely grounded in the “Judeo-Christian” values that made this country great for about its first 200 years. I know how politically incorrect such a stance has become these days; and trust me, it’s no picnic leading your life that way in any connection to the financial services industry. I’m sorry to say, the public in general, is every bit as guilty as those who “peddle” them methods and products that fly in the face of what the only financial book proven correct each and every time says – the Holy Bible. Yes, I greatly reduce my truly “listening” audience by such a stance, but I get to do this each night:
Overall Observation – I started the year where I left off, believing America was entering its worst-ever social, political and economic era. Such a period would not be measured in months or even years, but a generation or more due to a “boatload” of issues coming to a head (or already exploding). Whether it was paying the piper for finally robbing Peter enough times to pay Paul, or eliminating the “Middle-Class” or middle “opinions” (now most are either hard right or left), the beginning of the end was clearly underway.
Without any doubt, the social and political upheaval is here; and while an “artificially-supported” financial market has allowed a certain, narrow segment of folks to prosper at the long-term expense of the vast majority; that too, is only a question of when, not if, becomes undone. And then, look out below!
Gold Update – Back on June 7th, I spoke about a series of higher lows and higher highs that were forming a very bullish, long-term uptrend for gold. However, I said it had become overbought and to look for a correction, led by the criminals on the Crimex (Comex). If only life itself was as predictable!
The previous declines in this “step-up” process, has ended about $20 higher from the previous low. So if my “theory” is correct, gold can still decline to $1,240 or so.
If the previous low around $1,220 is taken out, my “stepping stone” belief will just be another one of these in my 33+ years in and around the financial arena. But for now, the belief that gold is in the early stage of a mega bull market that will lead eventually to new, all-time highs, remains intact. At my age, any still intact is a good thing!
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While we specialize in “retirement planning”, among many factors that separate us from others on how we approach it (and some potential clients avoid us because we stress this), is not to get caught up solely on the “red part”. Watch here to appreciate the red!
Great Advice – Cry Wolf
“One evening an old Cherokee told his grandson about a battle that goes on inside of people. He said, “My son, the battle is between two wolves inside us all. One is Evil. It is anger, fear, envy, jealousy, sorrow, regret, greed, arrogance, self-pity, guilt, resentment, inferiority, lies, false pride, superiority, and ego. The other is good. It is joy, peace, love, hope, serenity, humility, benevolence, empathy, generosity, truth, compassion, virtue, and faith. The grandson thought about it for a minute and then asked his grandfather. “Which wolf wins?” The old Cherokee simply replied, “The one you feed.”