This is an odd sign. Big news today is that the dollar has gained some strength. Typically, this usually means that Gold prices should start to drop hard. For today this is not the case. What could this mean? My opinion is that commodities in general have a ton of momentum, so much so that even the standard norms which should have a affect on bringing prices down can stop the upswing in price. What this also means is that inflation trends have started gaining a lot of upward momentum and it will take a lot more work to slow it down.
As much as I like Gold and Silver as investments, knowing what outside forces have an affect on the price but are not holding to the trend greatly concerns me. Hopefully it just means that someone out there (with a lot of money) is buying while the going is good (meaning that the prices are still cheap) and that’s causing the increase. I like seeing Gold prices increase, but only because I have most of my investment in it. I don’t like what drives the prices of Gold though, because it means that our nations dollar is weakening and so is our economy overall.
In the end, all any of us can do is take advantage of what we hope is another cycle for any investment that might be at t low point. GREAT real estate deals are all over the place now. Learn to negotiate and buy property at great prices, and you’ll be able to stay ahead of the economic problems most Americans are facing today.
Have a great Memorial Day weekend, and take time to learn about what’s going on around you!