We touched base with Avi Gilburt, an expert cycle trader. He’s adamant that the market is headed higher, as high as 2600 for the S&P and even more so for the Russell 2000. Gold is facing one more test/shakeout, perhaps very shortly and then will begin a major new move upward. Oil is going to shock the experts and could hit $60 a little later in the year. Finally, the greenback is in a multi-year consolidation period. It’s gone about as high as it’s going to for now. An exciting forecast for exciting markets.
John Rubino recalls when Puerto Rico went bust last year Uncle Sam was there to give PR a temporary bailout. Can the all of the states’ chronically underfunded pension plans expect the same? Illinois and NJ are getting close to the tipping point, so something will have to be done sooner rather than later. Playing the downside on these bloated markets will eventually reap huge rewards. But can a non-professional investor win big? Probably not as much as the real pros. There’s nothing worse than being right at the wrong time. We’ve all been there. A note about those leveraged ETF’s. They can hurt you big time due to their reliance on options, which lose value and become worthless over time. There’s no clear disclosure on the topic so you need to know before investing/gambling.
The behind-the-scenes heroes of America’s military will surprise you… did you know that war dogs have been a major asset to our brave troops overseas? These untold stories of these four-legged soldiers have finally been revealed in Regnery History’s latest book K-9 Korea: The Untold Story of America’s War Dogs by J. Rachel Reed, which debuted. This heart-wrenching story shows how soldiers work alongside loyal animals who make an incredible sacrifice for the freedom we enjoy today. In a time of a negative news cycle, it’s time that we shed light on America’s unsung heroes.
In today’s episode of The Art of Passive Income, Mark and Scott talk to Bob Burg from TheGoGiver.com. Bob co-authored, along with John David Mann, the best-selling book The Go-Giver: A Little Story About a Powerful Business Idea. The Go-Giver, which is often given as the tip of the week by other guests, is a great story with a valuable message behind it. The message being the 5 laws of Stratospheric Success that provides valuable framework for business and teaches you how to open up the power of giving. It brings new relevance to the old proverb give and you shall receive.
Bob talks to us about the importance of these 5 principles, which are the laws of:
There’s loads of equipment choices out there for every budget. You can start with a cheap $20 headset and move on from there. We use a Heil PR-40 Microphone, the gold standard of podcasting, a Mackie PRO-FX8 Mixer, a Behringer Gate/Compressor/Limiter and some other things to give the best possible sound. Quality equipment and sound editing practices go hand and hand with high production values. As Cliff Ravenscraft says, “High production values won’t get people to listen to your podcast, but it will get them to come back again and again.” But there are many choices available to you to produce a quality podcast. You can use a USB microphone, many of which have excellent sound. You have to do what’s right for you and your budget. Don’t overproduce your show. It will wind up sounding fake and unnatural. Do the minimal edits required, a little bit of compression, a small amount of tweaking and let it go. I know a number of people who cut out every breath and every verbal stumble. That’s a big mistake. You’re not a rock star. You’re not aiming for perfection, just excellence.
Bill Tatro is skeptical about Trump’s ability to get his agenda through Congress. It’s not like running your own real estate empire. You’ve got to get people to do things for you and vice versa. Is Trump going back on TPP? What about all these jobs, are they real? And Syria is a mess and the chem attack could very well be a false flag. And look who Trump is taking advice from, his liberal son-in-law. Bannon looks like he’s on the outs. But it’s early and you never know what could happen next.
George Matheis Jr. has trained policemen and swat teams, so when he speaks I listen. There’s been a recent outbreak of snowflake riots. They block highways and often attack conservatives at random. George explains that you have the advantage as long as your car is moving. Keep adequate distance between yourself and the vehicle ahead, which will give you a way out. We talked about tactical pens. George favors carrying a metal pen that doesn’t look tactical. That way you can easily go through airports hassle free. The key is to always have a plan and be aware of your situation–situational awareness.
Michael Eastham explains the golden rules of reality-based investing in his new book, Common-Sense Income Strategies. He offers a step-by-step plan of action for those looking to build their retirement income. Common-Sense, Purpose-Based Investing for Your Retirement with Steps and Strategies to Help You. This book begins with the idea that when we reach the age of 50, we need to change from a portfolio filled with stocks and growth investment strategies to step-by-step strategies to build out your retirement income. Eastham’s book is based on the golden rules of reality-based investing; complete with helpful tips to help you reach your retirement goals.
I assume you read quite a bit of financial newsletters on what they interrupt and suggest investors should be looking at investing in?
Where do you think gold will be at the end of the year?
We are approaching President Trump’s 100th day in office on April 29th, it also marks Day 1 of a government shutdown. How likely is that to happen and why?
Last week we had 59 Tomahawk cruise missiles fired off from two Navy destroyers that hit and destroyed about 20 Syrian aircrafts. Did this affect any of the markets?
The Fed’s Balance Sheet has ballooned to historical levels is creating a problem for the Fed?
For those callers who initiate a trade or IRA paperwork with Landmark Capital by April 30th, 2017 and make a $25,000 purchase or more will receive with their shipment (10) free Silver Peace Dollars as an incentive to protect and grow their hard earned money.
Sign up for the Free March newsletter titled “Get Ready For The Next Bubble, Higher Interest Rates”
Also Get the detailed new report on Dodd Frank, The Consumer Financial Protection Bureau and President Trumps direction on these which is fresh off the press this week!!!
1. “The Coming Bail In”, the new 6th Edition
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Wayne Allyn Root joined us today. He believes that Trump’s first 100 days have been a resounding success. He cautions not to believe the popularity polls as they are the same organizations who were shocked at Hillary Clinton’s resounding loss. They just don’t learn. Trump’s had major victories in regulatory roll back, immigration enforcement and national defense. Wayne thinks that the Obamacare repeal effort was a temporary setback that will soon be corrected. The snowflakes will just have to learn how to adapt to the new paradigm.
One of the nation’s most successful and respected independent financial advisors, David Scranton has been specializing in the universe of income-generating savings and investment strategies for over 15 years. Prior to that, he followed a typical business model based heavily on stock market-based investment strategies. But in late 1999, Scranton’s knowledge of stock market history enabled him to foresee the coming 2000 stock market collapse and the onset of a new 20-plus year secular bear market cycle. Since changing his business model, Scranton has built a thriving personal practice based on “defensive” income-based financial strategies designed to help protect clients from the dramatic stock market fluctuations and economic uncertainties of the past 15 years. He’s also taught hundreds of advisors nationwide how to do the same for their clients.
David Morgan’s thoughts for this week… Rates are down. Stocks are down. Gold is up to a 5 month high. Base metals are up for the year. Gold is up 12% and silver is up 16.6%. Metal stocks and indexes are up about the same as the underlying metals. Stock markets are down. Tech stocks are falling. A good indicator that has fallen 9 days in a row. Distribution patterns appear to show market weakness. Iron ore futures are down in China. Is it a trend? David thinks yes. Overall global economic indexes show weakening. War? Check out David’s take on it.
Chris Martenson joined us today for a look at the gathering war clouds. He believes that Trump has gone to the dark side, after the Syrian Attack, the Afghan MOAB and the North Korean show down. Time to become a free-thinking critical-thinker. There are no systemic solutions, only personal ones. The sooner we all realize it the better. Let’s welcome the change instead of fearing it.
Bix Weir returns to the program… We all think about the destruction of the financial system, which will no doubt lead to war. The Bad Guys are being thrown out, i.e., the Military Industrial Complex. They’re playing out a secret agenda behind the scenes. Trump hasn’t gone to the dark side. The tide has changed. No one is saying that Trump is an agent of Putin anymore. Trump turned the cards on them.
With the GDX breaking below the 24 level this past week, it has strongly suggested that it is not yet ready for a parabolic run. And, as I noted during the mid-week update, it even opens the door to another drop below the March lows before the parabolic run begins:
“. . . the issue I have with it is that the high was struck into an a=c target, which most often denotes a corrective rally. It is for that reason that I wanted to see the .618 extension of that rally hold so that I can continue to view it as an impulsive structure. But, Fibonacci Pinball suggests that once that .618 extension breaks resoundingly, the greater probabilities shift towards that rally being a corrective rally. For this reason, I am viewing the yellow count now as a much stronger potential.”
Last week I ran into a friend whom I’d been worrying about. He’s a real estate appraiser and his work had been drying up as interest rates rose and homeowners stopped refinancing their mortgages.
But now he’s back to being happily swamped because instead of refinancing, everyone is buying — often, he says, for above the asking price.
A couple of days later my wife and I were at a slide show put on by friends just back from New Zealand. They’d heard that a neighbor was thinking about selling his house and on an impulse made him an offer. He accepted, and our friends became instant homeowners.
So you’ve ridden the markets higher–stocks, housing, commercial real estate, bat guano, quatloos, you name it–everything you touch turns to gold. What can we say, bucko, other than you’re a genius!
It’s a market truism that rising tides lift all boats. But that’s not the really important effect; what really matters is rising tides turn everyone into a genius–at least in their own minds.
Those of us who have been seduced by the Sirens’ songs of hubris know from bitter experience how easy it is to confuse a rising tide with speculative genius. When everything you touch keeps going higher, the only possible cause is…. your hot hand, of course!
Wall Street and our central bank are in for a rude awakening very soon! The idea that the US economy is on stable footing and about to experience a surge in growth is ridiculous. Hence, the consensus that the Fed can normalize interest rates and its balance sheet is nothing short of a bad joke…and it’s on them.
For starters, the government’s fiscal deficit for the month of March came in at $176.2 billion, which means the deficit 6 months into fiscal 2017 is $526.9 billion and running 15% over last year. If not for the calendar timing of receipts and payments, our government’s deficit would be a year-to-date $564.0 billion or 23% above last year. In addition, there was an 18% decline in corporate income tax collection. We all know there was no corporate tax reform passed. So the credible conclusion must be reached that corporations are not growing there profits…they are actually shrinking.
The final nail in the Trump rally coffin could come on Friday, April 28th.
And once again, our fate is in the hands of the Federal Government.
It’s an unfortunate situation for America. But as an informed investor, I want to give you the tools to thrive, no matter what happens in Washington…
It’s that time of year again, when Congress waits until the last possible minute to pass a spending bill to fund the Federal government. And April 28th marks the final day for Congress to get this done.
If no agreement is made, April 29th would be more notable for the first day of a government shutdown, than a strong bookend to Trump’s first 100 days in office.
Financial writer Craig Hemke is looking beneath the pie in the sky high stock market to the shaky foundation that is trying to hold up the so called “Trump Bump.” Hemke says the “generally accepted narrative” is failing and points out, “If we go back a couple Fridays ago, the March employment report was terrible. It was something like 88,000 jobs. The latest other data on inflation is coming in negative, not just below expectations, but negative inflation. So, this whole generally accepted narrative is crumbling. The other part of it was higher interest rates and a stronger dollar. The dollar is down 3% or 4% year-to-date. So, that ain’t working too well. With the idea of higher interest rates, yeah, the Fed has increased the short end . . . but everything from 2-year to 5-year to 10-year to 30-year are all down. That’s just flattening the yield curve, and anybody that has taken Econ 101 knows that is a precursor to recession. So, this whole notion that this is a layup and Trump is going to cut taxes and spend all this money and the economy is going to boom . . . I just think this is bunk, and I have said that from the word go this year. It continues to play out that way. . . . The banks want this story told that everything is just fine. . . .You are told that things are going to get better. It’s right around the corner, and it’s just not a mathematical possibility that it will.”
Don’t kid yourself. “Paper PM investments” will be under attack for as long as financial markets function – and thus, even when physical gold and silver inevitably win their war with the purveyors of fraudulent fiat currency and “financial markets”, there’s no guarantee that anything other than the real thing will benefit.
Last week’s Miles Franklin All-Star Silver Webinar; in which, it was noted that despite the heinous price suppression of the past six years (that will decidedly end, when the 5½ year downtrend line the Cartel is viciously defending is inevitably broken), the Cartel has been unable to push gold below its cost of production no matter how hard it’s tried.
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