So yesterday, after tending to my parents, I was driving home because my daughters needed the car. I notice my 88-year-old Uncle, a Master Cabinet Maker by Trade, tending to his front garden. I saw him on a ladder trying to trim his tree. I said to myself, What The…. if he falls he will break something or hurt himself badly. Therefore, I stopped and said Uncle George what the heck are you doing?  The Italian response, Nothing.

I took the electric hedge trimmer and proceeded to go up the ladder. With his protests against my assistance, I started the job by reaching as far as possible. While distracted by his objections I wasn’t paying attention to the cord and severed it. All I could think was the cursing he was going to give me for disrupting his peaceful day.  My intention was noble but the result was unexpected yet I didn’t leave him hanging. I went into the garage found a manual clipper and proceeded to complete the task at hand.

I was drenched in sweat begged for his forgiveness, told him I loved him and left. He was so gentle and kind for a Man I use to fear as a child but sometimes words aren’t needed.  He is a very artistic patient man, slowly he walked into the garage/workshop. This morning my back felt a little stiff and I can only assume he built a voodoo doll in my image like Gepetto did when he created Pinocchio. Today he is probably sticking nails into it as a warning for me to mind my own business.

Speaking of good intentions my aim has always been the best interest of the client. I have built my reputation on the foundation of trust and mutual respect.  Many assume because I am in the money business that  I know everything and how things will unfold. Similar to thinking I am like RainMan, the autistic savant who could predict outcomes so that others could profit from them.  If I could, I would gladly accept that mastery of foresight and enrich the world. But to everyone’s dismay, they need to realize I am only human.

The month of October started out with a bang! The Stock Markets opened up booming trying to make up for the previous month’s horrible losses. In my opinion, the crucial Mid-Term Elections are coming up in November in the United States, therefore timing is everything. The smoke and mirrors are in play to provide the populace with the image that all government and Central Bank policies are working toward guiding the economy back to sustainable economic growth. The Federal Government is also considering lowering the price of gas before the elections. My question is are people this gullable?

Unfortunately, the motive of money is Power. An elected majority will impose its’ will on people who become helpless in a Democracy especially when the margins of victory are razor thin. People are divided yet what makes them happy? Making money, of course, seems so shallow but is a product of human nature. With good intentions, momentum seemed positive for a major correction to occur therefore it was just a natural instinct to wait and go with the flow to profit.

The moves in the Canadian Dollar alone saw it dip below the 0.72 cent level and overnight close to testing the 0.74 cent level. This morning after USA PMI data, the USD Index exploded above the 111.50 level from the 110.0 level overnight. The data reinforced the fact that Inflation is still an issue and that the interest cycle might not be over.

As I previously stated, the USD Index seemed to be unsustainable by moving from the 105.0 level to the 115.0 area, almost in a straight line. Conversely, the one-directional move was basically a result of The Federal Reserves Policy to maintain the course of continuous higher interest rates to curb the ugly head of Inflation. Historically, this has always been the antidote for such scenarios. Consequently, this was created by the Central Bankers themselves by imposing ravaging inflation on the people simply by increasing the money supply by nearly 40% within the last year alone.  

Click here and listen to a decent explanation for the plight we are experiencing, what we are in for, of which no one will be immune;

https://www.tiktok.com/@gbnews/video/7150321874382114053

Keep in mind, the volatility continues to be extreme and opportunities can only be had if you act. A slogan, I personally came to understand was as follows; “You only realize a profit when you take one”.  Oh how poetic, while I drown in tears of missed opportunities.