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DOWN WE GO

June 16, 2014 

(Dupont Fabros is offering a Corporate Bond that provides 5.7%.  The Cusip is 26613TAF7  If you can afford five bonds this is a buy.  HOLD to maturity.)

We are in correction mode and it appears we could go a lot lower.

This is not a surprise and we have mentioned the possibility of a pullback several times.  This is the ‘weak’ season in the markets and if anything significant is going to happen it is now.

We suggest you just hold all positions—you certainly do NOT want to sell.  That does not sound exciting but that’s the way the game plays.  We ARE still looking at several positions to buy as has been mentioned in previous posts.

The Greece fiasco will be resolved.  And I don’t see how the hell Aunt Bee and the Fed can raise rates in September with this lousy economy.  But hey I’m no expert.  We just have to wait and watch.

If you do not own GGN this is the time to buy.

__________

There is a lot of activity going on in the gold market which most people are not aware of.  I have been saying for years the gold is going up.  We hold GGN in the Core Portfolio.  Read this from MarketWatch.com:

http://www.marketwatch.com/story/the-next-great-bull-market-gold-25000-2015-06-04

What if I was to tell you that gold could make another such run over the next decade plus? Does it seem that outrageous now? Well, I think the math shows it can and will, with the price of gold futures surpassing $25,000, and more specifically for this column, the price on the Gold Bug Index HUI, -0.33% eclipsing 15,000. But let’s take a look back before we go forward.

It’s the middle of 2011. Gold was rising parabolically — some days even advancing by $50 per day — and heading over $1,900. Breaking the $2000 mark to most was a sure thing.

Think if someone walked up to you then and stated that the price of gold would be cut in half within four years. It would be an outrageous market call. In many ways, it would be no different than the person suggesting that gold would go from $250-$1900 within a little over a decade.

Well, in August 2011, I was that person. In fact, in my first gold column on Seeking Alpha, I warned investors:

“Since we are most probably in the final stages of this parabolic fifth wave ‘blow-off-top,’ I would seriously consider anything approaching the $1,915 level to be a potential target for a top at this time.”

At the time, everyone was so intoxicated with expectations of eclipsing the $2,000 mark that they failed to see the impending top. As we now know, gold topped in September of 2011, at just under $1,921, which was within $6 dollars of my target. We then began this multi-year correction within which we now find ourselves.

Many are probably wondering how I came up with such an accurate target for a top to a market that was rising parabolically. My answer is that the topping target was calculated using a 200-year Elliott Wave and Fibonacci mathematics study.

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 Religious affiliation DECREASING

“Those days might be over. To those of us who are atheists, agnostics or “spiritual but not religious,” and who prefer to keep the Constitution and the Bible in separate drawers, the Pew Research Center has recently published data from a massive representative survey of 35,000 adult Americans, revealing that the fastest growing religious cohort in America are the “nones”—those who check the box for “no religious affiliation.” Such unaffiliated numbers have been climbing steadily out of the single-digit cellar in the 1990s into a now respectable two-digit 23 percent of adults of all ages, up from 16 percent just since 2007. More telling for politicians who cater their campaigns toward younger voters, 34 percent of millennials—those born after 1981, and the nation’s largest living generation—profess to having no religion. A third! That’s a viable voting bloc.

It is really the raw numbers that should give pause to any politician or candidate contemplating ignoring this voting bloc. There are today about 245 million adult Americans. This translates into 56 million religiously unaffiliated adults of all ages, more than either mainline Protestants or Catholics and second only to evangelical Protestants. This translates into 19 million more people who have no religion just since 2007, an encouraging trend for those who have grown weary of America’s slide toward theocracy.”

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