Smart Money Dives Into Gold and Silver
JH: My name Jack Hanney, Senior Partner at Patriot Gold Group, home of investor direct pricing, patriot commitment, and the lightening fast IRA application process, Consumer Affairs top rated gold dealer, nationwide, 2016. A rational exuberance is the only way to coin this market as the Dow is approaching 20,000. Uber last week reported a third quarter loss of over 800 million dollars for a single quarter.
Meanwhile on paper, it is valued at more than General Motors and Twitter combined. Now a quartely loss of 800 million dollars, and being valued more than General Motors defines a rational exuberance. At the same time Catepillar, a stock that should be used to gauge the the overall health of the stock market and our economy has now reported 48 months of declining retail sales. Just this morning, the Wall Street Journal was reporting social security checks were being reduced for unpaid student loans and student debt and the social secuirty payments that are being garnished are only paying off the interest and penalities of these student debts from seniors.
Now before the holidays, the smart money is diving in headfirst into gold and silver. While everyone else is out spending money on Christmas shopping and holiday travel, the smart money knows to dive in headfirst in gold and silver. Keep in mind in January of 2016, gold was at $1,074, six weeks later in Feburary it was at $1,289.
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