Leading economic indicators have dropped for an 11th straight month, and remain in negative territory. This data, which looks at several different components of the economy, doesn’t include the latest problems coming from the banking sector.
It’s clear that the move by policymakers to have a “soft landing” isn’t going to happen. And while the market has been trending down for 15 months, there may be even more pain ahead… potentially compressed into less time to play out.
Traders should avoid looking at long-side trade unless it’s to bet on a short-term oversold rally. Investors may want to look at taking some profits on their stock positions, or using tools like selling covered call options to increase their income in the months ahead.
Now here’s the rest of the news:
Two of the Three Largest Bank Runs in U.S. History Happened in the Last 72 Hours
Last Friday, the nation’s 16th largest bank, Silicon Valley Bank (SVB), was taken over by regulators. This came as quite a surprise… [Read Here]
What Will Irresponsible Governments Do to Precious Metals?
Rob McEwen, Executive Chairman of McEwen Mining, has a well-reasoned forecast. He expects silver to hit $250 by 2027, trailing gold’s upward path to… [Read Here]
March 20, 2022
Life in the Maritimes…
…a bit ruff!
March 20, 2021
Why Your “WHY”
What motivates you?
When you have a true “why,” motivation is easy.
For me, it started as my life. I knew that if I didn’t stop being an addict, that I would soon die an addict. And believe me, if I didn’t stop, I would be dead. Plus, I wanted to live in luxury. I wanted a big house and fast car.
Then, as I fulfilled my dream of starting my own business, my “why” got bigger and stronger. I had a calling to assist other people to fulfill their dreams. Becoming a leader that people looked up to excited me to get out of bed every day. To this day, I wake up with joy and gratitude knowing that I get to make a difference in someone’s life.
But remember, everyone has a different “why.” Your “why” may be your desire for a better life. But if that’s your why, I’d ask you to break that down. Do you want a better car? Do you want a better education for your children? Maybe you want vacation time?
So your “why” is really your fuel to succeed. If you don’t have a strong WHY, your HOW won’t matter. What I mean is when you have a strong WHY, you’ll find a way to make it happen no matter what the circumstances. Eventually, your WHY will make you believe in yourself. You’ll start to think things like “I think I’m a leader.” Obviously, you won’t get rich overnight. It takes consistency. But soon after this stage you will breakthrough.
My breakthrough years were 1997 & 1998. It was so good I was afraid it might go away, but I soon got over it, because the process became automatic for me. The sand shifted for me just like it can for you, and all of a sudden, the sand started to become granite. Results really started to show up because of the fuel that I’d been putting in, the internal communication, the internal self-talk, a new set of dialogue, a new set of language. I started to believe that it would happen to me, even though I used to think it could.
At this point, I started to really believe.
Better people and better opportunities start to show up on your doorstep the more you’re in the process. When I say process, I mean you’re versed in the game. There’s a difference between being in your company and being in the industry and marketing the product, and having the product in you. That means having the product really in your heart. When it’s in your heart, it’s out of your head, and when it’s in your heart, you’re in the game.
When you’re in the game, you’re sending telepathic messages that say,
“I’m the leader you’re looking for.”
“I can get you to your promised land.”
“Start with me.”
“I can get you there. I can assist you with change.”
You’ll find that if you do things the right way, your “why” may change over time. And that’s okay. The important thing is that people will feel in your heart that you’re in the game to serve others. People will join you from all the nations!
March 20, 2020
Over the past several days, the market has finally started to dig in a little and we didn’t see a limit down event overnight or a trading stoppage during normal market hours. I almost hate to say this, but it makes you want to see lower volatility times ahead.
While that may not necessarily be in the cards as the impact of our draconian COVID-19 response is unknown, we may have a moment in the sun here. I don’t know about you, but I could use a little sun.
“Leaders are Readers — Read one good book a month and see your bank account grow.”
March 20, 2019
March 20, 2018
March 20, 2017