If a picture is worth a thousand words than this 33-year chart on the U.S. Treasury 30-year bond is a “book” load of information. There’s really no doubt that declining interest rates were the driving force behind the growth in financial assets. A generation of investors have been weaned on this but now face what I believe can be a “once-in-a-lifetime” epic reversal of fortune. One of the last things anyone should do (besides bet on the gold perma bears who are set to be crushed yet again) is to look to buy U.S. debt instrumentals here with maturities past 1-2 years.
….read Peter’s opinion on Gold and Equities HERE.
On Major Moves, Grandich has been very right and not only saved many investors fortunes, but expanded them dramatically. On November 3, 2007 at the MoneyTalks Survival Conference, Peter Grandich of the Grandich Letter warned that “an unprecedented economic tsunami will hit American beginning in 2008”. Peter advised publicly to short the US market two days from the top in October, 2007 and stayed short until the last week of October, 2008. He began to buy stocks in March 7th, 2009. He also bought oil and oil related investments near the lows after the dive from $147.
….go to visit Peter’s Website.