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RAGE Gauge: Fourth of July Fireworks, Running HOT

June 21, 2021 By E.J. Smith

How ya doin’? I hope you’re looking forward to spending a stress-free Fourth of July with family and friends. You deserve it. But before you do, let’s visit my latest RAGE Gauge reading.

You know inflation is running hot every time you open your electric bill or open your fridge. You’re also seeing it with high gold prices (though they have come down a bit) as investors question their faith in the almighty Fed.

Gun sales are slowing a bit, and ammo prices are off their peak as stimulus checks begin to slow. If you want a gun, you probably already have it by now or are in a holding pattern. It definitely feels like a luxury going to the range these days.

Emotions are high. Take a deep breath. Don’t let emotions row the boat. Enjoy the holiday.

Originally posted on Your Survival Guy.

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E.J. Smith
E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH. His first drum set was a 5-piece Slingerland with Zilldjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris.

Please get in touch with E.J. at ejsmith@youngresearch.com
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