Black Friday Has Passed, Now What ?

Gold has broken the $1,750.00 marker and silver is over $34/ounce.  This is as of the end of black Friday.  Now, we have the European Union which does not have a positive outcome or outlook for that matter as of the end of Friday. 

How will the markets react after Black Friday ? The Dow Jones is OVER 13,000 as of right now.  We can see both those invested in gold and those invested in stocks were confident their investment would prove to be better. 

My two cents....... I'd look to see a sell off in the stock market before the end of the year.  The dollar should go down as well. Before the election the price of gas in St. Louis, MO was about $3.00.  It has now been as high as $3.30 in less than 3 full weeks following Barak Obama's reelection.  The situation in Israel most likely influenced some of the increase in oil prices.

We are on the brink of a MAJOR change in the financial markets.  When, I can't say for sure but deflation is before hyperinflation.  Last year when Ben Bernanke printed all the money in the fall of 2011 it created deflation which is where there are so many dollars, no one wanted to spend them.  Then this year, as hyperinflation was about to kick in over the summer, Ben printed more money. It will soon fizzle out though.  

We are seeing a compounding effect here with Israel, Egypt, Syria (or the Middle East Crisis) , the fall of the American Dollar, Hyperinflation, and we are on the brink of a massive stock market sell off.

Land will not be and is not the best investment anymore because the government will just tax the heck out of people.  It is not easy to buy and sell property right now.

Precious metals are your best bet.  It might not have the highest return, but remember, at least you can put it in your hand and hold it. It's a very safe thing to have in these uncertain economic times.

Gold Shoots Up Past $1,700.00 on Election Day 2012

Gold has shot up over $1,700.00 an ounce on election day 2012.  The United States elections will have an effect on the markets.  The price of silver rose as well almost 3%.   Gold on the other hand was up only about 2% or $30 / ounce.

My personal thoughts are look for gold and silver to go up alot in the next few months.  Here is what is on the table financially :

1. The European Union Crisis

2. A broke U.S. Government which means MORE TAXES ( the reason this is a big deal is it will affect large businesses who will sell off to get out of the dollar and into Gold / Silver and precious metals for protection )

3. Black Friday is just around the corner as we approach Thanksgiving 2012

4. The stock market is VERY high considering the state of the economy.

5. The Federal Reserve, led by Ben Bernanke,  printed more money with QE3 a month or so ago.

No matter who is elected the United States dollar faces some challenges and silver and gold are looking better and better. Be on the lookout for a rush into the precious metals.  

Monday November 5th, 2012 Gold and Silver News

The gold market is up just a bit prior to the 2012 Romney / Obama Election.  The markets seem to be holding back a bit until the outcome of the November 6th United States Presidential election.  Some people are saying that if Obama is reelected they would sell off much of their business here in the United States due to large tax increases from a largely democratic government.  Should this happen I'd expect to see a rush into precious metals simply for the fact that they are secure.

Currently, the global economy does not look so good across the board.  Will the United States elections be a spark to stability or instability in the markets of gold, silver and stocks.  Let us also remember the FOREX markets as well as they are all intertwined.  Many believe the markets will be mixed after the elections as we will see some sell offs and let's face it the Dow Jones has been hoovering over 13,000 points for quite sometime.  How long before it takes a good dip ?

Silver and Gold are solid financial instruments in these uncertain financial times. See the link below for up to the minute gold and silver news and quotes.

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Dollar Strength and Gold

Currently, it looks like a strong dollar for the time being.  The Dow Jones is hovering around 13,000.  What will be the outcome after the elections ?  Black Friday will soon be here.  We will also a presidential election.  On top of that, the European Union has many items on the table for it's Euro currency.  They chose to postpone doing anything last month.  Silver and Gold are down temporarily.  The move the federal reserve made with the dollar will ultimately crush the dollar.  Silver and gold are good and safe investments. 

Additionally, the 2012-2013 tax laws will be different.  The government is looking to raise taxes for the following year.  America is in really bad shape financially.  What will save it ? What will preserve your wealth ? 

The U.S. Dollar did have a strong end to the past week.  The week ending on Friday, November 2nd 2012.  Gas prices are down temporarily.  The strong dollar has pushed the price of Gold down remarkably.  How long will this last.  It may go down to 1650 but a move beyond that would highly unlikely.  

Gold is under $1,700.00 ?

Gold is down, but is it going to go down much further ?

Europe is in really bad shape and this month will decide what to do with Spain and some other bailouts........

Could this be the calm before Gold really shoots up ?

What are your thoughts ?