Friday, July 12, 2013

Gold and Silver, Oh my!!

Precious metals have gotten hammered over the past 6 months.  This has been predicted by the experts that follow pm's.  The USD rallied based on 'ifs' spouted by the Fed-czar, Bernanke.  Then he backtracked a couple of weeks later, and the USD tanked in the short-term and the stock market rallied.  One week, cash is king; the next, it's toilet paper.  

Since the Fed can't really stop QE (to infinity), pm's will rebound and most likely will start the next bull run up.  Everything the pm experts have predicted has come to fruition, so far.  Barring some truly universal event (like discovering gold in shit), I find no reason not to follow their lead.

Here I go again. 14th Company (second-time around)

I was contacted by the firm that I worked for and left over two years ago.  It's local office had gone through a major restructuring (nice term for "laying everyone off" including most of the management team).  They wanted to know if I was interested in coming back.  I said I was willing to listen to what they had to say.  I spoke to the new director of operations and the head recruiter, both whom retained their jobs after the 'mass cutting'.  After a few weeks, an offer was made, re-negotiated and finalized.  I have formally accepted this new job and new role, but I haven't informed my current manager and company yet.  That will happen on Monday.

In retrospect, I was prepared to stay where I am for as long as the company continued employing its current staff up to the point that it sells its current asset portfolio.  It appeared that a sale wouldn't be possible for at least three more years.  But, now I guess that won't matter in the short-term, since I've decided to move on.

I'm taking a risk in this economy, but there are no guarantees regardless where you work.  If the new job doesn't work out, maybe I can go back, or maybe not.  I'm not going to worry about that, since I believe this move will be a successful one in the long run.

Change is good.