Headlines will never make you money! If you engage with the markets on a daily basis,some headlines just might make you laugh. I bring to you 14 plus years of futures trading experience and I hope many enjoy my input of what I see in the markets during these unprecedented times of "easy money" and the ultra low interest rate environment.If you are TRADING the markets daily and you are looking for someone to give it to you straight, you came to the right spot.
Thursday, January 24, 2013
Stocks or GOLD?
Here we have the S&P 500 shown in the top chart for the past 10 years and GOLD for the past 10 years shown in the bottom chart.
Which has performed better? It is there for you to see.
Do you remember 2007? That was when the Stock Market topped,along with the Real Estate market.
In 2 years the S&P went from the mid 1550's all the way down below 700,it may be a distant memory but I sure remember it.
Well,here we are and the stock markets have roared all the way back. Did your 401k come all the way back? Did the value of your home come all the way back? I know what you can all answer yes to,Is your grocery bill each week a bit more costly than it was back in 2007?
Please look and take in the chart on Gold for the past 10 years,please take it in and sleep on it.
How many people told you to buy gold in the past 10 years?
While the stock market has had its roller coaster ride,look at what Gold has done!
$2000 Gold sounded crazy to a ton of people through the years
$5000 does not seem too farfetched these days
I've been an observer for a while now and I am telling you GOLD is building a solid foundation for its next burst higher.The stock market is built on a foundation of sand.There has been trillions of dollars spent to get it where it is today.Can it keep going?
I think the GOLD chart shows something that can keep going!
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment