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Watch for potential government shut down OCTOBER

Posted on September 26, 2015 at 2:09 PM Comments comments (0)
October 1st seems to be the date for a potential government shutdown. Expect markets to be rattled and metals to skyrocket. 
John Boehner hangs up being speaker of the house ?
Thats weird timing or does he know whats coming?





http://www.kitco.com/news/2015-09-25/Gold-Market-To-Watch-For-Potential-Gov-t-Shutdown-And-Employment-Data.html
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Gold pop then drop as FED makes decision.

Posted on September 16, 2015 at 11:51 AM Comments comments (0)
This week for 9/16-9/17 the FED is in session to finalize the decision of raising interest rates. They haven't raised rates since 2006. If they do raise rates it will be great for the consumer and the stock investor because historically a rate hike proves to strengthen the dollar and show marked gains in stock returns.

 However this is not so great for those of you looking to cash in your precious metals. This week will show high gold prices but when and if the Fed raises interest rates you can see a drop in gold prices and an eventual stabilization for the coming year. I recommend a quick sell off then a lengthy hold and just purchase.
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Gold hits 5 year bottom buyers wait to strike

Posted on July 20, 2015 at 10:33 AM Comments comments (0)
http://www.kitco.com/news/2015-07-20/Is-Gold-Forming-A-Selling-Climax.html
Buyers pose for definitive bottom anticipate rally.
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A very good presentation of the current Global Economy crisis!

Posted on July 10, 2015 at 2:01 PM Comments comments (0)
https://youtu.be/zPdHAleapI0
This pretty much sums it up for you. If you think the fall of the second largest market on the planet is not going to effect us you have another thing coming.
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Forget Greece, CHINA'S MARKET MELTDOWN WATCH GOLD!!!

Posted on July 6, 2015 at 12:45 PM Comments comments (0)
China is America's biggest trade partner . We have invested heavily in upcoming markets there. Currently we are seeing a drastic attempt on China's behalf to avoid a stock market meltdown. If this happens our economy will surely suffer. Scared investors are already posed to seek a safe haven from the impending fallout this major event will produce. What safe haven you may ask? GOLD! I predict a huge and lasting increase in precious metal prices in the upcoming weeks. 

Read the link below to see the breakdowns timeline.
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Gold on the move in the near future.

Posted on April 17, 2015 at 2:38 PM Comments comments (0)
http://www.bullionstreet.com/news/gold-may-reach-1500-an-ounce-by-2017-bank-of-america-merrill-lynch/6455


Gold may reach $1,500 an ounce by 2017: Bank of America Merrill Lynch
# Gold News  



Bank of America Merrill Lynch analysts think the worst is over for gold and they believe the yellow metal could rise to $1,500 an ounce by 2017.

NEW YORK (Scrap Register):
Bank of America Merrill Lynch analysts think the worst is over for gold and they believe the yellow metal could rise to $1,500 an ounce by 2017.

“We believe the upcoming Fed rate hike is the only major obstacle to sustained price rises. While a normalization in rates is likely, aggressive rate hikes are not our base case, which is a reason we believe the worst may be over for gold after the dreadful price collapse in 2013 and muted price movements in 2014,” analysts at Bank of America Merrill Lynch added.

Although the US economy seems to be moving forward, the analysts say it may not be all hunky dorey and therefore they expect delayed and more muted rate hikes, which would help gold break our of recent ranges, the Americam bank added.

According to the BofA Merrill Lynch Fund Manager Survey for April, “Investors see growing overvaluations in both bonds and equities and have signaled concern about a valuation bubble forming.”

A few of the survey’s findings:
--25% of respondents said global equities are currently overvalued – up from 23% in March and 8% in February, and the highest proportion since 2000.

--84% of respondents said bond markets are overvalued, up from 75% in March and the highest proportion in the survey’s history.

--A net 68% believe the United States is the most overvalued region.

--18% said currencies is the asset class most vulnerable to volatility, a rise of 5 percentage points.

--13% said the U.S. dollar is overvalued against the euro and the yen, sharply up from February’s 12% saying the dollar is undervalued.

All percentages are net percentages.


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Oil Surges, Gold And Silver Spike As Saudi Arabia Bombs Yemen

Posted on March 26, 2015 at 1:29 PM Comments comments (1)
- Geopolitical tensions in Middle East escalate dramatically as Saudi Arabia bombs Yemen
- Yemen’s government seized power in coup – Regarded as hostile to Saudi and ally of Iran
- Saudi attack is an escalation of Middle Eastern proxy war between Gulf States and Iran
- Action has broader geopolitical implications in deepening cold war between the West and East
- Oil surged 6% and gold 2% on the the news
- Should oil prices return to new record highs will impact struggling global economy. 
I would expect a huge rally on gold prices soon until things level out in the Middle East . Now is the time to gather the Gold you were hanging on to and bring it down to East Main Jewelry Pawn.
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There's gold in dem der hills!

Posted on March 18, 2015 at 3:39 PM Comments comments (1)
What a luck guy Alaskan prospector Steve Herschback finds a gold nugget worth 20k. I would love to purchase that or any gold for that matter. Feel free to send yours along and get paid within 24hours of arrival via Paypal.
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Tax refund checks are cashed here!

Posted on March 6, 2015 at 1:51 PM Comments comments (0)
It's tax time and we all are waiting for a big tax refunds to come in. Well did you know we are not only a fantastic pawnshop but also a fully licensed money service business (MSB)? We can cash your check ,pay your bills,issue you a money order (only .50 cents) and wire money to family and friends via MoneyGram? well now you know. Come on in we are happy to serve you.
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Economy in flux due to falling oil prices GOLD is rising

Posted on January 15, 2015 at 10:53 AM Comments comments (0)
World markets and investors are in tough bind as of late due to the dropping oil prices and they are not sure what the future will bring in the coming weeks. Is oil going to fall lower? Maybe oil will sky rocket nobody knows and that's unsettling for investors. Generally when things like this happen they seek a solid shelter on which they can rest easy knowing their money is going to be safe and that would be GOLD. Expect a steady rise in the coming weeks and sell off when you see the spike. It won't last long when it does happen. Come see us we will help you get the most for your gold.
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