Wednesday Investment Advice on the Radio

Rallying -Gold is the big story after prices shot up by $22 (U.S.) an ounce to a new record high of $1296. The move follows the monetary policy statement from the U.S. Federal Reserve yesturday. They warned inflation is falling and suggested that more economic stimulus could be in the works.

Reversing -European & US stocks are lower over worries about the pace of the global economic recovery following the Fed statement.

Trading Opportunities -Bank Credit Analyst have an overweight recommendation on software stocks. They believe the conditions to drive software stocks to their long term trend and above are developing. Increased M&A has helped industry pricing power and the impending economic slowdown bodes well for a rebound in relative business outlays on software. If you have any questions, give me a call at 250-868-5525 or visit yourlifeyourplan.ca.