LOS ANGELES, Sept. 7, 2016 /PRNewswire/ -- September is a month often associated with major market corrections. Every second election year beginning in 2000, the market has demonstrated extreme volatility in September which led to major economic downturns. Financial analysts are currently tracking market conditions which could lead to a worse correction than in September 2000 - the year of the contentious election between Gore and Bush that saw $5 trillion vaporized by the dotcom crash - and September 2008 - the year of the monumental Obama McCain election which preceded the U.S. housing collapse and a $15 trillion loss in global markets.
September 2016 has Americans witnessing one of the most bizarre and polarizing elections in modern history and an imminent rate hike by the Fed. Driven by historical trends during recent election years and the fact that the Fed's latest rate hike sent the Dow plummeting from 17,500 to 15,080, analysts predict that stocks will plunge below 15,000 from their record high of 18,450. Investors who have placed a portion of their life savings in the stock market should put analyst predictions into perspective: a 15 percent plunge in the stock market equates to losing five years of income.
Economic indicators are signaling the type of historical market corrections we saw back in September 2000 and September 2008. Given current market conditions with negative yields starving investors, precious metals are the only effective investment hedge. The Huffington Post recently noted that "over the last six to twelve months, a stunning array of billionaires, funds and institutions have come out in favor of gold ownership."
Plan for your retirement and preserve your wealth: the time to buy gold and silver is now. For help from a qualified team of precious metals experts with proven investment experience, call Patriot Gold Group at 800-974-GOLD or apply online for a self-directed Lightning Fast Precious Metals IRA.
About Patriot Gold Group
Established in 1986, Patriot Gold Group (www.patriotgoldgroup.com) is a nationwide investment group with over 30 years of experience in precious metals. Rated the top IRA Gold Dealer in 2016 by Consumer Affairs and rated 5 stars by Trust Pilot, Patriot Gold Group is a proud member of the Business Consumer Alliance. What sets Patriot Gold Group apart is the fewest layers of compensation and the most competitive pricing in the industry, guaranteed.
Sterling fell, equities slid, Chinese markets got a helping government intervention hand again, and gold climbed over concerns U.K. Prime Minister Theresa May is prepared to lead Britain out of the European Union's single market and as the U.S. President-elect suggested other countries could break from the bloc.Read More
By U.S. stocks have had an incredibly run over the last two months and even at these record-breaking levels there are still profits to make - at least until March, when it will be time to run for the hills, says Goldman Sachs strategist David Kostin See full story.
Gold futures drove their winning streak to four days in a row Thursday, their seventh gain in eight sessions, and posted a new, more than 7-week high. Gold for February delivery advanced $3.20, or 0.3%, to finish at $1,199.80 an ounce on the Comex division of the New York Mercantile Exchange.
Kicking off a yearlong celebration of its 225th anniversary, the United States Mint unveiled the 2017 American Liberty High Relief Gold Coin in a ceremony today at the Department of Treasury in Washington, D.C. Highlights of the anniversary coin include an ounce of .9999 fine gold, an increased level of detail, raised edge lettering with stars, and a 1792-2017 duel date.Read More
For the first time since before Thanksgiving, the price of gold has risen above $1,200 (now up 13 of the last 15 days) and outperforming all other asset classes year-to-date. This latest jump comes as the USD Index tumbles further post-Trump's press conference, breaking below the key 50-day moving-average for the first time since September...
Gold has risen above $1,200 (now up 13 of the last 15 days)Read More
By Gold prices on Thursday climbed back above the $1,200 mark for the first time since November, as the dollar fell on disappointment that President-elect Donald Trump didn't provide more details on his economic plans at a closely watched press conference.Read More
Gold futures extended their gains to three sessions in a row Wednesday, for their sixth win in seven sessions, and ended at a more than 7-week high. Gold for February delivery added $11.10, or 1%, to close at $1,196.60 an ounce on the Comex division of the New York Mercantile Exchange.Read More
Investors wait for Trump news conference * Political uncertainty also emanates from Europe * Palladium prices could see correction -analyst (Recasts, adds comment, changes dateline from Bengaluru) By Pratima Desai LONDON, Jan 11 Gold hit six-week highs on Wednesday as investors worrying about political uncertainty bought the precious metal, but dollar strength due to higher U.S.Read More
Client visits to our Los Angeles office are by appointment only for security reasons. Call or email us to schedule an appoinment.
Client visits to our Corporate Office are by appointment only for security reasons. Call or email us to schedule an appoinment.