Gold Prices

Gold makes new high

Gold PriceGold reached another new high today. Anaysts say it is asian buying. I have a theory on what is going on, I think asian central banks are moving out of the dollar. I am of the opinion they are buying anything tangabile while they still can. I base this on some news I heard today from published minutes from the last FED meeting. Apparently the FED governors believe “that the end of the tightening process was likely to be near, and some expressed concerns about the dangers of tightening too much, given the lags in the effects of policy.” Oh boy, if they really stop raising rates the dollar will collapse, can you say hyperinflation. So it would make sense that foriegners, who hold trillions in our dollars, would want to get something of value before the FED devalues the currency. Overall a good day for our stocks I hope you are enjoying the ride.…