The BIG scam…

A few days ago a new rally began for the stock market as our government reported that our economy actually grew by 0.6%, which was higher than expected. This has got to be one of the most common deceptions our government does to the american people to give us a false confidence about our nations true economic status. The report is a complete miscalculation since they didn’t seem to input the proper rate inflation. They say that the inflation rate entered to calculate the growth was not readjusted to the current inflation we as americans are really witnessing. Since gas prices and groceries have quickly become a hard to afford, it’s obvious to everyone that we are spending more for everyday living. There was a yahoo finance article that did a true estimate that stated we have actually taken a huge loss with regards to our economic growth and that the real estimates won’t be calculated till a week or so. The big questions is….will we see this new calculation?Our dollar has strengthened because of this news even though interest rates were recently cut. This has made the price of cold drop considerably, even though there are still many elements that should hold the price of gold steady or make it increase. I still hold firm that Gold will reach $1100 an ounce by the end of the year. We should see days ahead where Gold skyrockets in a vertical way.Keep an eye on the big news that come out daily. Unemployment, real estate, inflation,  and oil prices. Any negative news from these areas will push Gold back to where it balances out to support those who have holdings in this precious metal.