One year ago, oil prices went negative as traders feared that the pandemic would lead to prolonged drops in oil use and got caught in trades they couldn’t get out of. Today, oil and gasoline prices have held up well in inventory reports. However, supply issues remain in the South and up and down the East Coast, even as Colonial pipeline paid a $5 million ransom to the hackers who shut down their system. A number of states have declared emergencies as supplies have run low.
It just goes to show that oil, one of the most, and likely the most heavily watched commodities in the world, is one where even the experts can get blindsided. It’s a sign that traders should be nimble and have a plan for emergencies. Think of it as having the equivalent of an extra gas can at home.
Precious Metals Prices
Price at week’s end (change over last week)
Gold $1,833.07 (+3.5%)
Silver $27.56 (+6.0%)
Platinum $1,261.72 (+4.5%)
Palladium $2,960.10 (-0.4%)
Now here’s the rest of the news:
2021’s “Tragic Trifecta” Will Makes Retirement Saving Tougher
A record trade deficit, scary inflation and a dollar in decline: it’s not a pretty picture. So how’s a retirement saver supposed to win in this environment? Here’s one way to hedge your bets… [Read Here]
Russia’s Long Game? Gold. –Jim Rickards
“U.S. dollar inflation is just one reason the Central Bank of Russia has been loading up on gold for years. [Read Here]
May 14, 2020
In Chairman Powell’s prepared statement, it was clear that he was going to let everyone know what the hard reality we are facing right now economically and where the Fed was not prepared to go, namely NIRP. There’s a real battle being fought over whether the market is overvalued or properly valued.
On CNBC the had a guest, Bill Miller, saying that the market as fairly priced and then you also had on CNBC David Tepper saying it’s the most overvalued since 1999, on the same day! It won’t become immediately apparent overnight, but the risks to the downside are significant, it’s only a matter of when they will be realized.
How are you doing?
No, really. “How are you doing”?
If you’re like a lot of business owners out there, the virus hit you by surprise, and you’re still not totally sure what to do with the rest of your year.
Maybe you’re in one of these 3 categories…
1. Head in the Sand: You’ve been doing everything but figuring out your business. You’ve been cleaning house, gardening, and tackling personal projects you’ve been meaning to do for a while, which is all lovely… but at some point, you have to start paying business bills again.
2. Busy Bee: You’ve been trying to show up everywhere you can virtually — doing Lives and videos, going to virtual networking events, posting like a wild woman in Facebook Groups… but all that work hasn’t turned into much cash flow.
3. Creation Mode: You’ve been creating so. so. much. New programs, new videos, new assets, new systems & processes, new copy for your website, a book… but when you take a step back and look at everything you’ve been creating, you realize that none of it is revenue-generating in the immediate…and you’re starting to worry about those pesky bills.
Whatever category you’re in, know that there’s no shame…
…it’s just that now is the time to create a new plan and get your business back on track.
So let’s create a FOURTH category…
…how about: Strategic & Wealthy Business Owner?
Good news is — that’s exactly what we’re talking about in our new FREE Masterclass…
CREATING PLAN B → → → Save your spot here for free!
May 14, 2019
Thanks ‘Big Al’ Awesome Tip #41
BAD, VERY BAD, EXTREMELY BAD (five words).
If we start with the words:
“Let me tell you about …”
This won’t end well. This means we are talking about us and what we offer, and not about our prospects.
Prospects are selfish. They don’t care about us, or what we have to offer. They care about their problems.
We should encourage our prospects to talk about their challenges and problems.
Then, when we can present a solution, we will be interesting to them. […this is a blatant invitation for YOU to check out 1-of-2 new websites. They are free and packed with business building resources.]
→ theITTteam.com …is full of various industry leaders at your disposal!¹
→ WorkWithWalker.com …is designed around specific areas-of-necessity for the building of YOUR businesses home or aways!
Hope to see YOU there soon!
¹ P.S. ‘Big Al’ Schreiter is a contributor to our success team.