For those of you
in the Las Vegas
area, we will be
presenting a
workshop at the
Hard Assets
Conference
at the Mandalay
Hotel, September
9 & 10.
See above for
the tentative
schedule and
other speakers.
Hope to see you
there.
Baby Boomers We
Have A Problem
Most of my
readers and
subscribers know
that I have
lived in Ajijic,
Mexico for nine
years. This is a
'village' of
which several
thousand
foreigners call
home. We are
here are many
reasons,
hopefully #1 is
the love of
Mexico and the
Mexican people,
the climate
(almost
perfect year
round) and what
is, at least for
now, a safe and
welcome place
for us
foreigners. We
have a great
lifestyle and
can live in a
$100,000 home or
a million dollar
place, most of
which is paid
for with cash.
Hang in there as
I am getting to
the point of
this piece.
Real Estate
agents here and
others, most
recently a
professor living
here part-time
from the United
States, believe
that the baby
boomers will
soon be coming
here in mass.
They are playing
off of the
demographics
basically in the
United States
and believe that
many of them
will be looking
for and willing
to live in a
'foreign
country'. I must
agree with them
in part because
of the large
numbers of the
boomers that
will be retiring
soon. The part
of the argument
the others are
missing, in my
opinion, is
dollars. Will
the boomers have
the necessary
dollars, to
retire? The
strong
possibility
exists that the
financial
markets in the
coming months
and years will
not cooperate
with the boomers
plans for
retirement and
they will thus
not have the
funds, either in
a retirement
check or in the
retirement
plans, IRA's or
401K's to
venture, south
of the border or
anywhere else.
Even some of the
residents here
now are finding
the need to
increase their
incomes and many
have ventured
into the real
estate business
which is not
always
rewarding. Many
of the
foreigners who
have moved here
have arrived way
too early in
life and are
bored and find
themselves under
funded
to live the
lifestyle to
which they are
accustomed.
Thus, they are
seeking other
business
opportunities,
i.e., real
estate to fill
their time
in addition to a
few more
dollars.
So, with this
introduction, I
lead you into an
article I found
this week
titled,
Doscientos Mes.
Some of you may
have seen the
title and just
passed it over
not
understanding
the words in
Espanol. Ah,
200 Months
in English. In
effect, the
writers at
ContraryInvestor.com
are talking
about using
200 Month Moving
Averages to
see where we are
today in the
grand scheme of
things. I
encourage you to
read this great
piece in its
entirety and
share with you
some of their
closing
comments.....
"...We know US
credit cycle
issues of the
moment are
incredibly
important. We
have called them
generational in
character in our
discussions for
literally years
now. The advent
of economic and
financial market
globalization is
incredibly
meaningful
change. From a
demographic
standpoint, we
have the baby
boomers on the
cusp of
theoretical
retirement at
the exact time
the ten year
moving average
of equity price
only returns is
as low as
anything we have
experienced in
close to a
generation. And
we know the
boomers are
going to need to
at least
partially
liquidate the
financial assets
they have
accumulated
along the way
(inclusive of
pension assets)
to fund
retirement
lifestyles they
believe they
deserve. From
our standpoint,
we believe the
multiplicity of
issues
converging at
the moment are
far from
routine. They
are far from
cyclical. This
is secular in
terms of
convergence.
Again, we warned
you this perhaps
venture into the
dark side would
not be fun at
all...."
Doscientos Mes
by
ContraryInvestor.com
When is the
best time to be
buying the
mining shares?
Right Now!!
The shopping
season is now,
so do not delay
in positioning
yourself for the
next up leg in
the mining
shares. Of
course, this
includes those
long term
warrants on
selected mining
shares which we
expect to
explode in
price.
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A Look Over My
Shoulder
Dudley Pierce Baker’s Personal
Portfolio
In my new
service, "A
Look Over My Shoulder" discount pricing
for current subscribers
is available.
Please take
a few minutes and review my write up for this service
which literally gives you an inside look at my entire
portfolio including my warrant holdings. Let me
stress, if you are happy with our current service and
database, you are under no obligation to do anything.
We will continue to strive and maintain the best and
most comprehensive database in the business.
Dudley and
Support Staff
Precious
Metals Warrants
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