No Battle Between the Bulls and Bears Today

By: Uncommon_Wisdom

Larry Edelson writes: Thirty-eight years ago, in 1971, President Richard Nixon declared the last Monday in May a federal holiday — a day to remember and honor America’s fallen soldiers, as well as other loved ones who have passed away.

So today, the U.S. markets are closed. Stocks, bonds, the dollar, gold, oil will not rise or fall here in the United States. There will be no battles between the bulls and the bears. No wars fought in the markets today.

For me, I can’t help but think of my father, now 84 years old, who flew B-24 missions over Germany as a navigator. Or of my great grandfather, who fought in World War I.

Or how my draft number for the Vietnam War put me within a whisker of being sent to Nam in 1970.

Had I been drafted, I’m not sure how I would have handled going off to war. One never knows how they will confront a crisis until they pass through it. So for war, I’ll never know.

But there’s one thing I do know. It’s because of the men and women who have fought in defense of our country and those who have lost their lives protecting our freedom that the United States is resilient, tough but flexible, and still the greatest nation on the planet.

And our resilience is why I have no doubts, whatsoever, that the U.S. has what it takes to get through the worst financial crisis of all time, prevail as the great nation that it is, and emerge stronger and more nimble than ever before.

But getting there won’t be easy. Sacrifices will have to be made.

We will have to get used to a lower standard of living … saving more and spending less … counting less on government to help … and most of all, experiencing some of the wildest market swings that we have ever seen.

And when it comes to the markets, my job is to help you sort out the wheat from the chaff. To impart uncommon insights into our economic past, present and future so you can not only protect your money, but profit handsomely as well.

For today, I leave you with a short update on all of my forecasts, which remain on track …

  Stocks should head higher into June before another leg down in the bear market unfolds

  The dollar will continue to weaken as central banks around the world collude to devalue the greenback in an attempt to kick start the U.S. economy and inflate away bad bets via a cheaper currency

  Gold and oil are preparing for new legs to the upside, largely in anticipation of a dollar devaluation

  Commodities and natural resource-based stocks remain the strongest and best investments on the board. Tangible assets are the best insurance you can buy against what central bankers are doing to the value of paper money — destroying it.

Indeed, I expect a very profitable post-Memorial Day trading period, one that could easily spin off lots of large gains.

In the meantime, the entire team here at Uncommon Wisdom, sends warm wishes to you and your family on this Memorial Day.

Best,

Larry

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