According to the Financial Times today, Gold prices have begun to decline.
When Gold rises, it usually means the dollar is weakening. The converse holds true as well.
This indicates that the dollar is slowing its decline and inflation may be slowing.
A low valued dollar is good for increasing sales of domestically produced goods overseas, but it totally sucks for those who make their living in dollars (read: Americans).
The combination of inflation and stagnant economic growth (stagflation) bodes ill for U.S. citizens. Hopefully the change in gold price foretells of smoother times ahead.
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