We've all known this was coming, we just didn't know when.
For the first time in five years, the Federal Reserve's preferred
inflation gauge hit its target. Despite all of the deflationary forces, like
lower consumer spending, higher savings rate and stagnant wages, the Fed was
able to boost the personal consumption expenditures (PCE) to over 2%.
This means another rate hike is coming, and our 52-week high for gold this
summer could come as early as May.
With central planners worldwide taking unprecedented actions for the past
10 years, we've always speculated on the ultimate exit strategy. No matter
whom we spoke with, whether it was Doug Casey, Rick Rule, or former CIA
advisor Jim Rickards, a new war has always been a reliable bet.
Last month, the new Secretary of State said this about North Korea:
"diplomatic efforts of the past 20 years to bring North Korea to a point
of de-nuclearization have failed."
He also said "military action was on the table."
Friday, the new Secretary of Defense added that "North Korea has got
to be stopped!"
A new war in Asia would allow central planners to extend emergency
measures for another decade.
It would allow the market to ignore exploding U.S. deficits that are
coming, because it could all be blamed on the war efforts and
"protecting America."
Keep in mind that all of this is heating up while President Trump is
scheduled to host the Chinese President on April 6th and 7th
here in the U.S.
In the 2000s, we had a rising rate environment, exploding personal and
public debt, and war.
Major indices rose, gold went up for 12 consecutive years, and it all
ended with the 2008 financial crisis.
With negative real yields, one investment I am certain of is hard assets.
We recommend up to 10% of your liquid net worth be in precious metals for
financial insurance and peace of mind as the central planners and Western
governments once again lead humanity into a very dangerous time in order to
keep their Ponzi schemes going.
For readers looking to position themselves in a gold junior, I
suggest our new
gold stock suggestion that just started to trade on Friday.
It has a better upside in 2017 than any other junior on the TSX Venture
exchange, in my opinion.
Best Regards,
Kenneth Ameduri
Crush The Street.com
Editors Note: To download our most recent gold stock profile, click here.
CrushTheStreet.com. He was a founder in Future Money Trends and Wealth
Research Group, which have gone on to be vital sources of education and
wealth for hundreds of thousands of readers. In his 20s, Ameduri has founded
multiple businesses that have gone on to be worth millions of dollars.
Ameduri was also a founder of FMT Advisory, which successfully manages
millions of dollars in client funds. He is an ardent student of Austrian
economics and anticipating market trends as he has successfully invested and
built companies for more than 15 years.
Disclosures:
1) Kenneth Ameduri: I, or members of my immediate household or family, own
shares of the following companies referred to in this article: None. I
personally am, or members of my immediate household or family are, paid by
the following companies referred to in this article: None. My company has a
financial relationship with the following companies referred to in this
article: Kenadyr Mining Corp. I determined which companies would be included
in this article based on my research and understanding of the sector.
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Streetwise Reports: None. Streetwise Reports does not accept stock in
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Chart courtesy of the author
