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Good News: The
Scramble Is On For Physical Gold.
“This
156-ounce (4.85 kg) gold nugget was found by an
individual prospector in Southern California Desert using a metal
detector.” -Wikopedia
Bad News:
Unemployment Is Skyrocketing
Reports from the
Labor Department today tried to polish-up terrible jobless
reports with all kinds of numbers tricks and Pollyana talk. Most
of the Sheeple and smarter media members and analysts are not buying
it. We reported some new predictions this week and they are not pretty. The
Ships Of State in the U.S. and in many other nations in Europe are
floundering and rudderless. This is not going to end well at all. A fiscal
firestorm with the attendant social problems looms. Buckle up your money belt
and hunker down for an international systemic hurricane.
Those jobs
numbers are totally false. US National unemployment is now 21% and
getting worse faster. Jobs are the key to any recovery, which is in
fact years away.
America’s
residential housing national valuation average has -30% more to fall,
which takes 3-5 more years. The worst fallen states have already hit bottom
and are beginning to recover like Michigan and other Midwestern states.
However, when a housing bottom is finally discovered bottom-feeders step-in
to buy houses for next to nothing. Nevada is the worst and continues to
crash. We got a report you can buy a brand new two bed, two bath Las Vegas
condo for $7,000. There are now 55,000 new ones sitting vacant.
By this fall,
50,000,000 Americans will be on food stamps. With the heavy summer heat we
get nasty social problems breaking-out in big cities world-wide with riots
and fires. The USA-Mexican border probably goes into open warfare with
American troops in later 2010.
Numerous states
are ready to go bankrupt. Jobless millions have given-up and are not being
properly counted by any measure. We forecast USA national unemployment to
average the worst at 35-40% by the end of 2011 or, early 2012. Fictional news
will report it’s maybe 12% at worst.
Families are
doubling and tripling-up with sometimes only one working adult in a house
containing three generations. Frustrations are rising along with tempers and
social fallout.
This year,
internationally, Europe tanks first in a cascade of failing insolvent
nation-states including Greece, Spain, Portugal, Italy, and potentially
Ireland and the U.K. Germany returns to the German Mark and dumps the
failed Euro and their Euroland affiliations.
Within three
years or less we see more intense American capital controls, higher taxes and
a US Dollar devaluation. Chances of bank closures and bank runs are
escalating. Over 700 US banks are on the watch list and most will crash and
burn. Greater Depression II could go on for years. Later, the fallout causes
World War III as historically, this is the final conclusion to major
depressions and the ultimate way to escape from them.
The US Dollar and
American standard of living shall be cut in half over the next few
years.
Media jobs
reports are a cruel joke. Natural disasters and similar emergencies cannot be
managed by FEMA. They are disorganized and broke. Next, we enter the national
tornado and hurricane seasons. We better pray we get through it as FEMA
cannot that’s for sure.
Worst of all
there is no leadership in Washington, D.C. If any is found whatsoever,
it’s of the terribly destructive variety.
Now, more than
ever, it is important to take the immediate necessary precautions to protect
yourself and your families and friends.
Traders and
investors should be buying precious metals and select shares right
now. In our newsletter we have a great list of trading and investing ideas
for you. Meanwhile, you can never go wrong buying physical precious metals
and holding them for security. We’ve had a constant run of nearly ten
years in gold rising 15% per year so this remains a good trade. In the last
twelve months, gold rallied over 34% and is going ever faster.
It’s not
going to stop any time soon. In fact, we predict those annual percentages
will rise even more and this offers a chance, arriving only once in 25 years
on the historical cycles. Good trading! -Traderrog
Roger Wiegand
www.webeatthestreet.com
Roger
Wiegand is Editor of Trader
Tracks Newsletter and of
the Rog Blog at www.webeatthestreet.com.
Roger provides recommendations for short and longer term trading using
stocks, futures and commodities with specifics.
Contact Claudio Bassi, at Trader
Track’s New York City publishing offices for a trial subscription. Call 718-457-1426 Monday
through Friday,
9:30am to 5pm or, e-mail cbassi@miningstocks.com
Recommendations
made in “Trader Tracks” are exclusively those of Roger Wiegand
and the publication is also exclusively the editorial content provided by
Roger Wiegand. TAYLOR HARD MONEY ADVISORS, INC. (THMA) LOCATED AT 33-42
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expressed at the date and time they were written, and as such, are subject to
change without notice. Roger Wiegand is not a CFA nor an investment advisor,
but a private individual who studies the markets extensively and offers
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There is considerable risk in market speculation and investing. There are no
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of future performance. Your trading accounts are always subject to the
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may lose a substantial amount of money in a very short period of time. The
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originally deposit with your broker. This is because trading futures is
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position in assets having a much greater value. If you are uncomfortable with
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