Archive for October 6th, 2009

  • The World Still Has Concerns Over Our Future

    Has the stock market made you feel confident in our future? Are all our problems in the past? Has the current administration made a change the whole world can believe in? There is a commodity that suggests the answer is NO.

    Gold has set a new recent high and now approaches the $1,060 barrier overhead. The continued interest in gold is not a good sign for our financial situation. Imagine a one ounce rock and understand there are individuals, by the millions, who are willing to pay over $1,000 in US dollars for that rock, rather than hold US dollars.

    Stocks are indeed making a strong and continuous bull market run, even though corrections are beginning to occur more frequently. However, do not feel completely comfortable. As long as there is a continued strong interest in gold versus other assets, there is some fools gold out there. Whether it is the fools who are paying $1,000 an ounce for the rock or the fools who are believing in this stock market rally only time will tell.

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    2009.10.06 / no responses / Category: TCC, The Stock Market