Economic Recovery Update

Amidst dismal employment stats and increasing concern over our national debt, there's still much talk of an economic recovery.Is it real?Here's a quick excerpt taken from an article written by Cliff Droke on March 10.

The End Of The Recovery?Cliff Droke
March 10, 2010I received an interesting e-mail the other day that sheds some light on the current state of investor psychology. He writes, "I hear from a hedge fund and analyst friend that most major cycle work tops out from this coming week thru April and [he says] it's THE top. One he sites is the Bradley model which shows a devastating drop beginning after next week into October of this year to roughly Dow 6500. Looking back all the way to 1900 chart of market I've never seen a major top without breadth deteriorating for many months or even a year or more before a major bear."

I think it is important to note, that in the face of all the media hype, at least on certain networks, that recovery is underway, the gold price is demonstrating a great deal of resilience.Also note, the dollar (rightfully or not) has risen in value against major currencies, yet a gold coin price has not retreated in relative and proportionate fashion.

Is the Cliff Droke prediction accurate?No one has a crystal ball but one thing is for certain.Gold has never been worth zero.If you haven't yet implemented a gold diversification strategy, buy gold, at least a little bit.Or buy a few American Eagle Silver Coins -Just in case!