Reprise

In the music industry, a reprise is a duplicate song on the cd or album, but may be represented with a different sound, such as an acoustic version. Well, today I will highlight a topic I discussed a on Dec. 1st, and mentioned a number of times before.

The topic on Dec. 1st was silver and gold. I mentioned that the price of both silver and gold was positioned to go up significantly over the next six months. Since then, the price of gold has gone up over $100 per ounce to $895.60, a 14.5% increase in 6 weeks. The price of silver has gone up to $16.28 per ounce, almost a 15% increase. Were you one of those that capitalized on this information? I hope so. These prices are not done going up.

On Dec. 1st, I mentioned many of the technical reasons why gold and silver would go up, as well as a number of fundamental economic reasons. Each Saturday, I've recapped what has been going on in the economy and attempt to make sense of it for the average person. You can check the Saturday posts and see that gold and silver has progressively gone up since Dec. 1st.

The points I've been making over the last couple months is that once you understand what to look for, you can recognize not only what is going on in the market and what it means, but also what is likely to happen in the immediate future after that. That is how people create wealth consistently. They recognize opportunities and they act on them.

I've also mentioned that the US dollar has been losing its value over the last year. This has been one of many reasons why gold and silver has been appreciating significantly. The dramatic steps that the Federal Reserve has taken to prop up the dollar has risen the value of the dollar temporarily, as stated in previous Saturday posts. However, since Christmas, the value has started to plummet again, just as I pointed out it would. This week, the US dollar index fell to 76.02.

This is having a ripple effect on other markets as well, as I have also pointed out in previous posts. The stock market is starting to feel the pinch of the sluggish economy. Since the beginning of the 4th quarter, the NASDAQ has fallen more than 6%. The Dow Jones Industrial Average has also dropped 5.6%.

The point I am reiterating is that the economy is headed for a fall. Over the past several months I've given many reasons for this, but the facts are being validated each week. The signs are there. Do you pay attention to signs on the road? Or do you drive wherever you feel like it?

Your financial health is in the balance. Pay attention or you will likely experience a serious "accident". These signs can work for you or against you. If you need help identifying solutions for you, contact me.

Set up road signs; put up guideposts. Mark well the path by which you came.
Come back again, my virgin Israel; return to your towns here. Jeremiah 31:21 (NLT)

If you have comments or questions, please feel free to contact me at the address below.
Email: DeltaInspire@panama-vo.com