Your Survival Guy’s latest RAGE Gauge is in, and before I get into this month’s reading, I want to revisit my piece from yesterday on getting stuck in the fog last weekend. I could have stayed on the dock. But I’m confident in my ability to navigate in the fog because I’ve done it many times, and I know how I like to navigate—carefully from mark to mark.
I have electronics. The radar and chartplotter. But I also know not to depend solely on them to safely find my destination. The technology is outstanding. But I’ve been in enough situations to know nothing beats my own two eyes and taking the longer way—slowing down being one of them. I know the shortcuts like the back of my hand, but there’s not enough margin for error in a higher-risk environment. I want a margin of safety.
If you’ve been on a boat in the fog, you know how minutes feel like hours. It’s tense. Because you know how it feels to suddenly realize I’m not quite sure I know where I am. It happens that fast. Then after what feels like an eternity, the fog lifts, and you wonder, “How did I get over here?” This leads me to my latest RAGE Gauge reading which is again at full-tilt risk.
Your Survival Guy’s RAGE Gauge is showing that Americans are unhappy, and that the pangs of inflation are starting to sink in. They’re buying fewer guns than they were just a short time ago as their disposable income is eaten up by “Bidenflation.” And the value they’re willing to spend on an inflation hedge like gold is rising.
You know from here, here, and here how I feel about prices. They’re opinions. They’re qualitative, not quantitative, like cash flow from dividends. But that doesn’t mean you should stay on the dock by not investing. If we followed the herd, we’d either be in all cash or AI. No, thank you. I prefer the income route.
Action Line: I don’t want some algorithm making decisions for me when I can see the truth right in front of my eyes. This market is foggy. When you’re ready to talk, I’m here.
E.J. Smith - Your Survival Guy
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