Gold stock price, moving up, Inflation?
Read the full article: http://madmoneypicks.blogspot.com
The price of an ounce of gold rose $5.50 Monday, closing at a record $901.60 on the New York Mercantile Exchange. Gold has soared $66.70 an ounce, or 8%, already this year — and 249% from its monthly low of $258 an ounce in March 2001
Vested Interest:
stock market information, picks, money, business- Login or register to post comments
- Email this page
You typically see this
You typically see this during a time of recession and weakening economy, neither of which bodes well for the U.S. But, it is important that you find a safe harbor during these volatile times.
Yep, with gold up the dollar
Yep, with gold up the dollar is down. They have an inverse relationship. My friend and I were talking about it a couple of days ago. I told him I think the dollar will get worse, and he thinks it will start to go up.
We have seen the dollar at
We have seen the dollar at one of its weakest points in history (the Canadian Dollar and the US dollar haven't been in this relationship since the 1970s). I don't think you will see the dollar changing direction anytime soon, at least not with the current state of the economy. We are looking at a point of stagflation, never a good sign. Is Warren Buffett still short the dollar?
This is not a good sign, but
This is not a good sign, but we will see happens to the dollar