Month: August 2019

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Stock Market Today: Dow Struggling to Recover after 800 Point Loss Yesterday

Dow Jones Drop 800 Points in Stock Market

 
It was an abysmal day for equities, but it was more than anticipated. The market as a whole is overdue for a significant correction, especially when the amount of central bank “tools” and tricks in the past decade have been equally massive.

But it’s not improving all that much. Normally, the stock markets bounce back by about 40 – 50%of what it shed the prior day, but in the stock market today the Dow is presently fighting to finish in the black on the day.

Stock Market Fails to Make a Comeback

 

It’s becoming crystal clear the the Fed is going to have to slash interest rates further after their recent .25% cut was dismissed by anemic stock markets hungry for some real fiscal intervention.

We don’t have free market capitalism any longer. What we have is a croney capitalism and state socialism on its last leg, with a charade between President Donald Trump and J. Powell of the Federal Reserve.

Global Slowdown Undeniable

 
South Korea and Japan are engaged in trade disputes causing a major drop in year-over-year Japanese auto sales in Korea. At the same time India suffered its worst month for car sales in a year and a half, and as many as 1 million workers may be laid off as a result.

dow futures slide as gold hits all time highs in foreign currenciesMeanwhile, gold continues to soar making it one of the best investments in 2019. With the shiny yellow metal above 15 hundred dollars/oz for the first time in half a decade and setting records in many currencies like the Canadian dollar and the rupee, gold and silver are worthy of recognition with so few other choices for your retirement fund.

401k and IRA Accounts Badly Damaged in Recent Stock Market Price Decline

Stock Markets and 401ks Reeling from Bad Economic News

The Dow Jones is having a really a hard time holding on to gains during the 2019 stock market rebound as the “everything bubble” seems closer than ever to popping. Indeed, this month is not looking great for the world financial markets.

Economic data incoming is indicating a recession by the day, with manufacturing, retail, auto sales, and shipping all struggling to turn a profit in 2019 even as the stock market has soared to new highs.

It is no surprise that the stock market has increased with treasury yields at all-time lows, there simply exists few avenues for investment as interest rates are too low to just keep money in the bank and save- a novel concept in an environment of extreme central bank intervention by all major countries around the globe.

Gold and Silver Could Save Your IRA or 401k

Gold just touched on $1500/ounce and silver went about $17/oz this week as the writing is on the wall- governments will print money and devalue their currency in hopes of keeping the “official” indicator of economic prosperity going- a highly priced stock market.

But with historically absurd P/E ratios for stocks and the largest stock share buybacks among corporations as well setting new precedents, precious metals have nowhere to go but up, and nothing left to do but to outshine all of the fraud and manipulation in financial markets.

Protect Your Retirement Accounts While You Still Can

After the Great Recession of 2008, it took several years for 401ks, pensions and IRA’s to regain their lost earnings, a consequence that forced many people near-retirement to keep working for many more years just to break even.

The same thing could happen again as the entire world is signaling a recession is on the horizon, matched with heightened geo-political tensions between the US and China, India and Pakistan, and internal turmoil in countries like Russia and Turkey.

This is why many people out there would do well to consider a 401k or IRA transfer to gold IRA while they still can and there is tremendous upside still available in the commodities markets. One thing’s for sure, central banks can’t simply print more gold or silver, even if deep down they’d really like to.

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