They were scrambling like bees assaulted with a can of RAID. We are talking about the big monetary spenders who believe that the best way to spur the economy was to print, print and print more. The word out yesterday on the inflation front was hard to swallow; inflation up a half percent for the month – 6% at a yearly rate. Mortgage rates jumping higher than Sean White on the halfpipe as he grabbed the gold. This is symbolism at its finest, winners don’t receive a tin medal, no zinc metal, no copper metal; gold is what they are after. Finally, the pump is catching up with them, with inflation on the rise, the Fed will be forced to turn on the screws.
Consumer prices jump much more than forecast, sparking inflation fears
- The Consumer Price Index, a key indicator of inflation trends, jumped 0.5 percent in January, well above market expectations.
- Markets reacted sharply to the news, with stocks sliding and government bond yields rising.
- The Fed is watching inflation closely, so the report could add fuel to interest rate hikes.
Gold is once again on the rise. The pundits can’t nor are they willing to understand the attraction to gold; steadfast has it been in an island of global turmoil. Uncertain on what will happen have caused many to insure themselves with the metal.
What have the naysayers missed? One wonders why they even mention gold at all. And the volcanic rise of Trump, Sanders and Carson, not to mention Carly Fiorina who would have thought. The pundits failed to miss their rise too. Americans are fed up with the Boehners, McConnells, Reids, Pelosis, Clintons and Bushes of the world. They are plain old ready for a revolution. The boxes of tea in our logo have names on them, Democrats, The Fed, Public Unions, Big Government and entitlements. Yes, Americans are FED UP with do good politicians who only care about getting reelected.
We tell you what, America and the world is in turmoil. The socialists thugs running the paper printing scam are now worried about the next three years, we would not be surprised if some of them commit suicide. They are desperate to find a solution when none except gold exists. They have dug their own grave and now will reap the benefit of disastrous monetary policies over the past 45 years.
February Blog Entry:
During the past six months we have tried to educate the sceptics that the United States dollar is not worth the paper it is printed on. The likes of Goldman-Sachs (with a name like Goldman, why would they be bearish on Gold – very confusing to us) forecast a $1000 ounce of gold, others saw an implosion to $500, not so fast says the market. When Goldman speaks people listen or do they? Today gold mounted a robust rally closing over $50 higher as it continues to close in on $1250 per ounce. In the last 30 days gold was as good as gold rising over $150.
To the naysayers out there, look what is happening in the world; in one word it is defined as TURMOIL. Globally people have lost confidence in their leaders – why do you thing Trump is doing so well and on the other side, Hillary the Liar, her momentum stopped dead in New Hampshire. Oh don’t worry she says, we are going South and the FBI, me worry. A little kick-ass by that Sanders fellow in the Palmetto State may be in the cards. Talking about the cards, Hillary then heads for Nevada – Ok Harry Reid is going to be shoveling the manure for Hillary, but what good will that do. Sanders may have a trick or two up his sleeve.
Anyway you look at it, oil tanking, zero interest rates and in some cases negative rates, one would think boom times are here. The average family is saving at least $1000 a year on gas, plus oil and natural gas to heat the abode. Doesn’t seem they are too anxious to spend the savings though. Europe on edge, suicide bombers perfecting their craft, Syria going down in flames. Latin America’s bargain with the devil is not working out so well; just ask the people in Venezuela. And we forgot to mention the dictator in North Korea, shooting his mouth off again. Guess he figures that do to his lack of manhood he would shoot off a missile. Lot of good that did.
Keep your hopes up, things can only get better. The higher gold goes the worse it will be for the status quo. Remember, the Central Banks were set up by politicians to print money ostensibly to feed their minions, this became the loop for reelection; it continues today. Once the printing stops, the true revolution begins, the free-loaders will no longer be in control, but the men/women of conscience and integrity will once again rule. Work will be rewarded not the other way around.