I Hope You Shufflers Had a Good Night Sleep

I hope you had a good night sleep, because, while you slept in your bed this past weekend, the dollars in your wallet fell in value against every major currency. This fall in the US dollar created much more of a stir in the financial markets than just what you or I could do with our American dollars, if we were to venture overseas. The fall in the US dollar helped the energy market stage a dramatic rally in both crude oil and products. So better “fill ‘er up” on the way home.

This fall in the dollar helped the gold market make the magical $1,000 print as well. However, since all markets have fun with new investors, gold settled below that level just to create a little concern for those who may have purchased gold with 4 big digits. The old high for gold was made in February of 2009 near $1,015 an ounce, so we have not made a clear pathway into the stratosphere quite yet, but that will be the upper targets, if the US dollar keeps falling- while we sleep.

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