Friday, July 16, 2010
Stocks slumped on Friday.
- By John March
Impressive corporate profits weren't enough to jolt the bulls into action this week, as stock indexes described a perfect parabola from Monday to Friday. Despite gains of 2 to 3 percent at midweek, all three major indexes had collapsed back to their starting points by noon on Friday.
That's bad news for those hoping that surging stock values alone could drive the economy out of recession. It's corporate earnings season, and the news has generally been mixed. JPMorgan Chase, chip manufacturer Intel and aluminum producer Alcoa all posted better-than-expected results, but other companies didn't fare as well.
General Electric, Citigroup and Bank of America all missed estimates, while Goldman Sachs settled the suit brought against it by the SEC for $550 million.
That just boosted the investment bank's shares, though: As it turns out, the fine is equal to just 14 days of Goldman's first-quarter earnings.
The market signals point to sustained weakness in stocks, which is probably good news for hard assets like physical gold. The price of dealer gold has jumped almost 8.5 percent since the beginning of the year, and at one point it was up almost 15 percent.
By contrast, the S&P 500 never got past 10 percent gains in 2010, and it's currently down almost 4 percent.ADNFCR-2970-ID-19895170-ADNFCR
Showing posts with label Superior Gold Group. Show all posts
Showing posts with label Superior Gold Group. Show all posts
Wednesday, July 21, 2010
Sunday, February 28, 2010
Lawmakers show little inclination to tackle national debt
Wednesday, February 24, 2010
Gold can be a safe investment option in light of a rising national debt.
- By John March
Many investors have been talking to silver and gold dealers about concerns raised by the ever-increasing U.S. national deficit, especially in light of widespread doubt about whether substantial action will be taken to resolve the problem.
Still, members of Congress and the White House have acknowledged the national debt problem to some extent in recent weeks. For example, earlier this month President Barack Obama announced the creation of a National Commission on Fiscal Responsibility and Reform.
The panel will be headed by former White House Chief of Staff Erskine Bowles, a Democrat, and former U.S. Senator Alan Simpson, a Republican from Wyoming.
"For far too long, Washington has avoided the tough choices necessary to solve our fiscal problems - and they won't be solved overnight," said Obama in his announcement.
However, the commission's recommendations will not be binding upon Congress, which raises concern in some quarters that it will make little real progress in the long run.
Given the economic chaos that the nation's debt burden could eventually bring upon the financial system, considering an investment in dealer gold may be a wiser long-term choice than ever.
John March is the Chief Technical Officer for the Superior Gold Group, his financial insights on precious metals are sought after by Gold & Silver Dealers globally.
If you have any questions about how to buy gold coins, and want to learn how to grow your portfolio call 888.374.4032 or write to askjohn@gold101.com.
Gold can be a safe investment option in light of a rising national debt.
- By John March
Many investors have been talking to silver and gold dealers about concerns raised by the ever-increasing U.S. national deficit, especially in light of widespread doubt about whether substantial action will be taken to resolve the problem.
Still, members of Congress and the White House have acknowledged the national debt problem to some extent in recent weeks. For example, earlier this month President Barack Obama announced the creation of a National Commission on Fiscal Responsibility and Reform.
The panel will be headed by former White House Chief of Staff Erskine Bowles, a Democrat, and former U.S. Senator Alan Simpson, a Republican from Wyoming.
"For far too long, Washington has avoided the tough choices necessary to solve our fiscal problems - and they won't be solved overnight," said Obama in his announcement.
However, the commission's recommendations will not be binding upon Congress, which raises concern in some quarters that it will make little real progress in the long run.
Given the economic chaos that the nation's debt burden could eventually bring upon the financial system, considering an investment in dealer gold may be a wiser long-term choice than ever.
John March is the Chief Technical Officer for the Superior Gold Group, his financial insights on precious metals are sought after by Gold & Silver Dealers globally.
If you have any questions about how to buy gold coins, and want to learn how to grow your portfolio call 888.374.4032 or write to askjohn@gold101.com.
Sunday, February 21, 2010
Experts call for bipartisan approach to U.S. deficit problem
Budget experts are becoming increasingly wary of a U.S. deficit that could cause years of economic chaos for taxpayers and investors alike. With such an uncertain economic outlook brought on by soaring deficits around the world, people are continuing to consult with silver and gold dealers about their full range of options.
One such expression of concern came from Dr. Alice Rivlin of the Bipartisan Policy Center, who appeared before the Senate Budget Committee recently to urge lawmakers to focus more on finding bipartisan solutions to the current deficit situation.
"Complacency about the fiscal threat is no longer possible. Unfortunately, complacency has been replaced by strident partisan blaming - not yet by a willingness to cooperate on crafting solutions," Rivlin told lawmakers, pointing out that there "is no disagreement" among leading federal budget entities, such as the Government Accountability Office and the Congressional Budget Office, about the serious scope of the problem.
The Bipartisan Policy Committee recently launched a task force aimed at cutting the national website where former public officials and others will try to build momentum for a realistic approach to reducing the U.S. deficit.
For two consecutive years, the budget deficit has soared beyond $1 trillion, contributing to a national debt that is rapidly approaching $14 trillion.
News brought to you by Superior Gold Group – expert gold dealers offering precious metals products. Become part of the gold affiliate program today!
Contact The Superior Gold Group and learn how to get on the gold standard at www.gold101.com or Call (888) 374-4032.
One such expression of concern came from Dr. Alice Rivlin of the Bipartisan Policy Center, who appeared before the Senate Budget Committee recently to urge lawmakers to focus more on finding bipartisan solutions to the current deficit situation.
"Complacency about the fiscal threat is no longer possible. Unfortunately, complacency has been replaced by strident partisan blaming - not yet by a willingness to cooperate on crafting solutions," Rivlin told lawmakers, pointing out that there "is no disagreement" among leading federal budget entities, such as the Government Accountability Office and the Congressional Budget Office, about the serious scope of the problem.
The Bipartisan Policy Committee recently launched a task force aimed at cutting the national website where former public officials and others will try to build momentum for a realistic approach to reducing the U.S. deficit.
For two consecutive years, the budget deficit has soared beyond $1 trillion, contributing to a national debt that is rapidly approaching $14 trillion.
News brought to you by Superior Gold Group – expert gold dealers offering precious metals products. Become part of the gold affiliate program today!
Contact The Superior Gold Group and learn how to get on the gold standard at www.gold101.com or Call (888) 374-4032.
Gold rises with help from falling dollar
Investors who consulted with gold and silver dealers in the past week may have been able to take advantage of a lull in the upward pricing trend that precious metals have seen in recent months.
A report by MarketWatch this week noted that in Tuesday's trading, gold futures were up by a 2.5 percent margin, due in part to newfound weakness in the dollar that had made precious metals a more attractive option for many investors.
The report added that gold had risen $27,30 per ounce to $1,117.10, and that the price had hit $1,121 at one point.
The dollar may be experiencing some retreat in light of a resurgence of the euro, based on investors being more assured that the European Union will take steps to bail out the Greek economy, which has been teetering on the brink of a debt default in recent weeks.
Financial observers have also noted that gold and silver prices are not as dependent on a weak dollar as they once were, based in part on the expectation that increased industrial activity in developing nations will continue to sustain demand for precious metals.
John March is the Chief Technical Officer for the Superior Gold Group, his financial insights on precious metals are sought after by Gold & Silver Dealers globally.
If you have any questions about how to buy gold coins, and want to learn how to grow your portfolio call 888.374.4032 or write to askjohn@gold101.com.
A report by MarketWatch this week noted that in Tuesday's trading, gold futures were up by a 2.5 percent margin, due in part to newfound weakness in the dollar that had made precious metals a more attractive option for many investors.
The report added that gold had risen $27,30 per ounce to $1,117.10, and that the price had hit $1,121 at one point.
The dollar may be experiencing some retreat in light of a resurgence of the euro, based on investors being more assured that the European Union will take steps to bail out the Greek economy, which has been teetering on the brink of a debt default in recent weeks.
Financial observers have also noted that gold and silver prices are not as dependent on a weak dollar as they once were, based in part on the expectation that increased industrial activity in developing nations will continue to sustain demand for precious metals.
John March is the Chief Technical Officer for the Superior Gold Group, his financial insights on precious metals are sought after by Gold & Silver Dealers globally.
If you have any questions about how to buy gold coins, and want to learn how to grow your portfolio call 888.374.4032 or write to askjohn@gold101.com.
Monday, February 15, 2010
Report: Chinese officials urged to dump Treasury notes
Thursday, February 11, 2010
Chinese military officials are suggesting a sell-off of U.S. Treasuries in response to arms sales to Taiwan.
- By John March
Those who follow world news may have one more reason to consult with silver and gold dealers this week amid indications that some Chinese officials are trying to convince their government to sell off some U.S. bonds to punish Washington for recent arms sales to Taiwan.
According to a recent Reuters report, top Chinese military officials are suggesting an increase in the country's defense spending, an adjustment of deployments of the People's Liberation Army, and the sale of some U.S. bonds in response to the arms sales.
The wire service added that there have been no steps so far by China to drop U.S. Treasury bonds, in part because this could also damage the value of Beijing's own financial assets. Reuters also pointed out that China held $798.9 billion in U.S. Treasury notes at the end of October.
China has viewed Taiwan as a renegade province for decades and has long bristled at perceived steps by the international community, particularly the United States, to treat it as an independent nation and to boost its capabilities to defend itself against an attack from Beijing.
The news reflects a growing awareness around the world about the vulnerabilities the U.S. and other countries may have in regard to their own growing debts. If such problems become more pronounced in the coming years, gold and silver will be possible safe havens for investors wary of stock markets and other options.
John March is the Chief Technical Officer for the Superior Gold Group, his financial insights on precious metals are sought after by Gold & Silver Dealers globally.
If you have any questions about how to buy gold coins, and want to learn how to grow your portfolio call 888.374.4032 or write to askjohn@gold101.com.
Chinese military officials are suggesting a sell-off of U.S. Treasuries in response to arms sales to Taiwan.
- By John March
Those who follow world news may have one more reason to consult with silver and gold dealers this week amid indications that some Chinese officials are trying to convince their government to sell off some U.S. bonds to punish Washington for recent arms sales to Taiwan.
According to a recent Reuters report, top Chinese military officials are suggesting an increase in the country's defense spending, an adjustment of deployments of the People's Liberation Army, and the sale of some U.S. bonds in response to the arms sales.
The wire service added that there have been no steps so far by China to drop U.S. Treasury bonds, in part because this could also damage the value of Beijing's own financial assets. Reuters also pointed out that China held $798.9 billion in U.S. Treasury notes at the end of October.
China has viewed Taiwan as a renegade province for decades and has long bristled at perceived steps by the international community, particularly the United States, to treat it as an independent nation and to boost its capabilities to defend itself against an attack from Beijing.
The news reflects a growing awareness around the world about the vulnerabilities the U.S. and other countries may have in regard to their own growing debts. If such problems become more pronounced in the coming years, gold and silver will be possible safe havens for investors wary of stock markets and other options.
John March is the Chief Technical Officer for the Superior Gold Group, his financial insights on precious metals are sought after by Gold & Silver Dealers globally.
If you have any questions about how to buy gold coins, and want to learn how to grow your portfolio call 888.374.4032 or write to askjohn@gold101.com.
Tuesday, February 2, 2010
Shaky global economy an opportunity to invest in dealer gold
Wednesday, January 27, 2010
The economic recovery may not be working out as well as some had hoped.
- By John March
Despite the widespread perception that the worldwide recession is over, there are still a number of factors that could result in unpredictable economic conditions in the coming months, from concerns about inflation and the strength of the dollar to the threat of a double-dip recession.
In fact, economists attending the World Economic Forum annual meeting this month expressed concern that policymakers around the world are so focused on certain issues in the financial world that they are overlooking other crucial matters.
An announcement from the forum cited various economists warning that high-profile issues like executive compensation are getting extra attention while other matters, such as risk management and transparency, may not get sufficient action.
Economist Nouriel Roubini was quoted as citing the risk of a double-dip recession because of weak labor markets and poor credit conditions. He also suggested that emerging economies could do better in the short term than advanced ones, while warning that emerging economies could reduce their growth potential by adopting the same regulatory measures as developed nations.
With little certainty about what is next for the global economy, investors can consider traditional options like gold and silver in light of such concerns.
News brought to you by Superior Gold Group – expert gold dealers offering precious metals products. Become part of the gold affiliate program today!
Contact The Superior Gold Group and learn how to get on the gold standard at www.gold101.com or Call (888) 374-4032.
The economic recovery may not be working out as well as some had hoped.
- By John March
Despite the widespread perception that the worldwide recession is over, there are still a number of factors that could result in unpredictable economic conditions in the coming months, from concerns about inflation and the strength of the dollar to the threat of a double-dip recession.
In fact, economists attending the World Economic Forum annual meeting this month expressed concern that policymakers around the world are so focused on certain issues in the financial world that they are overlooking other crucial matters.
An announcement from the forum cited various economists warning that high-profile issues like executive compensation are getting extra attention while other matters, such as risk management and transparency, may not get sufficient action.
Economist Nouriel Roubini was quoted as citing the risk of a double-dip recession because of weak labor markets and poor credit conditions. He also suggested that emerging economies could do better in the short term than advanced ones, while warning that emerging economies could reduce their growth potential by adopting the same regulatory measures as developed nations.
With little certainty about what is next for the global economy, investors can consider traditional options like gold and silver in light of such concerns.
News brought to you by Superior Gold Group – expert gold dealers offering precious metals products. Become part of the gold affiliate program today!
Contact The Superior Gold Group and learn how to get on the gold standard at www.gold101.com or Call (888) 374-4032.
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