For the first report card of the economy for the year, I thought I would also tie in the theme from this week on setting goals. Now that the new year has started and people are getting back to work from the holidays, the markets have continued their trends.
Gold and silver both continued up from last week. Gold went from $839.50 per ounce to $863.70 this week, a 2.9% increase. Silver went from $14.81 per ounce to $15.35, a 3.6% increase. This was also a short week.
The significant rise in precious metals the last several weeks is confirming that there is a lot of uncertainty about the economy. The Dow fell to 12,800, it's lowest point since mid-November. The NASDAQ fell to 2504, it's lowest point since August.
With a lot of uncertainty in the stock and real estate markets, you had better be certain about making changes away from those markets. As pointed out in previous posts, the wealthy understand that markets go through extended cycles where they don't perform well. When this happens, they move their assets away from the poor performing areas in ones that are performing well. Precious metals obviously is one good choice.
If you need assistance in finding what options to take, or what direction may be the best for you in setting up your investment goals for 2008, send me an email. I will help you find what the best options for you to meet your goals.
Plans fail for lack of counsel,
but with many advisers they succeed. Proverbs 15:22 (NIV)
If you have comments or questions, please feel free to contact me at the address below.
Email: DeltaInspire@panama-vo.com
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