CPI Came in Lower Than Expected
This is a great FIRST and INITIAL sign of a change. The CPI report came in below expectations, both on the month-over-month and the year-over-year basis.
I expect Jerome Powell to cool down the rhetoric and to explain to the market that while this is a step in the right direction, there is MUCH MORE required for the FED to declare victory and to step off the break and let the market breathe.
But, just for today, there is certainly a reason to celebrate.
Think of it this way; think about being an Olympic athlete, representing your country and for two years, you’ve been trying to race the 100-meter sprint below 10.00 seconds.
Well, after more than a year of hard work, you’ve managed to get a result of 9.99 seconds.
You accomplished a personal goal of getting under the 10-second mark, but you’re still very far from being a real contender in the finals.
What will your coach say?
He’ll tell you that you need to keep at it, work even harder and get to 9.95 seconds, but that you can have a drink today, before we get back to the gym tomorrow 5 AM at sharp.
Silver nearing $22/ounce, gold nearing $1,750/ounce and the 10-yr bond again below 4.00%. We will be HIGHLIGHTING the ultimate gold company to consider at this VERY CRITICAL moment shortly.
I’m not convinced yet, not thrilled yet, but the edges of my mouth, you can start to see a little smile… That means it’s time to deploy capital IMMEDIATELY!
Governments Have Amassed ungodly Debt Piles and Have Promised Retirees Unreasonable Amounts of Entitlements, Not In Line with Income Tax Collections. The House of Cards Is Set To Be Worse than 2008! Rising Interest Rates Can Topple The Fiat Monetary Structure, Leaving Investors with Less Than Half of Their Equity Intact!
Protect Yourself Now, By Building A Fully-Hedged Financial Fortress!
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