Dollar Down Again
Check out this post on by James Turk on Gold Money. He clearly indicates a lower dollar. http://goldmoney.com/en/commentary.php
Gold has been as high as $651 and is now trading at $650.30. Most of the mining stocks are headed higher, but the rush is yet to begin. The DJI is now 11217.54, but still has not returned to its high. The general market is a dangerous and difficult play ground these days.
If you want to play in the general markets look for dividends and defense stocks. High dividend payers; such as, ACG, FAX, DSU, VVR, and Canadian Oil Trusts (BNEUF and NOIGF) might be considerations for those interested in income. Defense stocks like AAMU (ammo producer) and FRPT (armored vehicles) are possibilities. Perhaps, JNRRF (Uranium)and PHO (water). I stay heavily in mining stocks.
The recent economic reports, doctored as they are, failed to reach optimistic estimates and are clearly showing a slowing of the economy. John Mauldin's muddle through economy is exhibiting itself more each week. The summer doldrums are not yet over.
The frugal people will have low debt and spend less to free up funds for emergencies and investments these days. It is not a time for high debt and free spending, as many are doing. Also, it is wise to maximize income where possible. However, the income is never the true key for success. Whatever the income, it must be managed to get the maximum value regardless of the amount. The amount left over after necessities are covered is the measure of financial success. Remember savings is
foregone consumption.
I suggest you plan this way. Commit your plans to the Lord and trust Him to provide the success. Be sure and thank Him!
Best to each, Doug
Gold has been as high as $651 and is now trading at $650.30. Most of the mining stocks are headed higher, but the rush is yet to begin. The DJI is now 11217.54, but still has not returned to its high. The general market is a dangerous and difficult play ground these days.
If you want to play in the general markets look for dividends and defense stocks. High dividend payers; such as, ACG, FAX, DSU, VVR, and Canadian Oil Trusts (BNEUF and NOIGF) might be considerations for those interested in income. Defense stocks like AAMU (ammo producer) and FRPT (armored vehicles) are possibilities. Perhaps, JNRRF (Uranium)and PHO (water). I stay heavily in mining stocks.
The recent economic reports, doctored as they are, failed to reach optimistic estimates and are clearly showing a slowing of the economy. John Mauldin's muddle through economy is exhibiting itself more each week. The summer doldrums are not yet over.
The frugal people will have low debt and spend less to free up funds for emergencies and investments these days. It is not a time for high debt and free spending, as many are doing. Also, it is wise to maximize income where possible. However, the income is never the true key for success. Whatever the income, it must be managed to get the maximum value regardless of the amount. The amount left over after necessities are covered is the measure of financial success. Remember savings is
foregone consumption.
I suggest you plan this way. Commit your plans to the Lord and trust Him to provide the success. Be sure and thank Him!
Best to each, Doug
posted by Doug @ 9:51 AM
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