Friday, February 21, 2014

Friday market analysis...........

 Remember: if the data is weak, it's the snow; if it's strong, it's the recovery.

Listen to the MSM mantra of wash, rinse, repeat!

Met a friend for breakfast and he was lamenting how the markets are being manipulated by insiders.   I tried to tell him a couple of things after I stopped chuckling.  When I started talking about nanoseconds I lost him.   Funny how people always say it is impossible for someone to manipulate the market in less than half a second.

Most of America still thinks the stock markets are traded by humans!

After the eggs and hashbrowns he brought up gold prices as well.  I told him gold is held by Western central banks for exactly the same reason individuals ought to hold it: protection.  Central banks are accumulating gold because it cannot get wiped out like fiat currencies do.

I told him that people should be doing the same — not being sidetracked by the distractions.  It's not about the price today.

If you own gold, it will do the heavy lifting for you when the time comes.

Native American Advisors CHIPPEWA PARTNERS