Todays news items were not good for the future of the stock market, bonds,
savings or cds. But extremely good for those in Precious Metals.
Pimco's Gross: Inflation Hurts Treasuries Appeal - "U.S. government
bonds hold little appeal with inflation making a strong comeback, the
manager of the world's largest bond fund said on Tuesday."
Savings rates are the lowest in decades and savers are being pummeled by
massive inflation. Over the past 12 months, producer prices rose 7.4
percent, the most since October 1981. Wholesale prices excluding food and
energy advanced 2.3 percent in the year through January.
Stocks rallied today but make no mistake about it I see this as a huge gift
and fantastic selling opportunity, all major indicators were broken to the
downside on January 31st.
Oil Surged to over $100.00 a barrel
again today and appears to be setting up for another run that could set the
U.S. up for $5.00 a gallon gas this summer.
The big winner
this year should continue to be Gold as the dollar took a HUGE hit again
today dropping to a new low after a long consolidation, this should be the
beginning of yet another major slide in the dollar . I expect gold to surge
to $1,200.00 in the very near term. Don't wait another week to get Gold
into your portfolio and get out of paper.
DISCLAIMER: All of the provided information is believed to be accurate, however errors are possible. The opinions in the Commentary section do not necessarily reflect the opinions of GoldIRAS.com. Past performance of any investment is no guarantee of future performance. All investments have risk.
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