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Posts Tagged ‘Sell Gold’

The Bigger Picture

October 15th, 2019 by Kurt L. Smith

Summer was extended down here in Dallas. Ninety-plus degree days almost every day in September. Seemingly the same thing every day, like the markets these past many months. Change will happen, though it seemingly hasn’t yet.

When we drew our line in the sand, almost two years ago, that the next move for stocks would be down, little did we know how long the wait might be. Obviously I stand by my call because I bring it up often. More importantly it still holds up well. What have you missed in stocks?

But if you haven’t sold some of your stocks you haven’t built up your cash and you haven’t increased your commitment to The Select ApproachTM. Unlike every other investor, you have The Select ApproachTM as an alternative to stocks, bonds, gold, commodities, real estate, private equity and whatever other mash up you may or may not have tried.

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Sell Bonds

September 12th, 2019 by Kurt L. Smith

The Select ApproachTM believes the bond market correction of the past nine months is now over.

Last month we talked about the giddiness of bonds and that giddiness delivered bonds onto the front pages of the major dailies. The New York Times on August 28th probably marked the high prices with this headline “While Wall St. Talks of a Recession, Bond Investors Make a Killing. You should have bought bonds. They’re going great.”

The NY Times also included a nice chart of year to date returns. “Thirty year Treasury bond +26.4%, Long-term bonds +23.5%, Investment-grade corporates +14.1% and Ten Year Treasury notes +12.6%.” Indeed, stellar returns essentially describes the bond market correction of the past nine months.

In order to reap the rewards of this year’s bond market moves, one must sell. Not your Select ApproachTM bonds, but everything else. This market move was a trade, and a short-term one at that, and now it is over. The bond market is in a long-term bear market since 2012. Prices move down (yields rise) setting the trend and in order for the market to continue to lower prices, a correction needs to occur. Ebb and flow happens but the important part is the direction of the trend for bond prices is lower.

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NEWS FEED

The $247 trillion global debt bomb washingtonpost.com/opinions/the-2…