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Reuters has spoken. Gold is on the course for its biggest monthly jump since July 2020. On the other hand, the poor U.S. dollar seems to be comfortable on its trek down. The growing inflationary pressures is making the dollar less attractive and hedge assets, such as gold, more desired.
Last week, I got a text from my favorite ramen place. They are finally open after being closed since the pandemic started. I ignored my logical brain telling me I should cut back on carbs. I mean, this is my favorite ramen we are talking about. I checked on their menu and low and behold, the $9 shoyu bowl is now $14.
We have no chips. I mean, computer chips. These same chips are also used on phones, tablets, data servers, vehicles, heavy machines used in agriculture and manufacturing… basically everything we need to keep businesses running while we battle this pandemic that seems to have 9 lives. Without computer chips, our society as it is constituted today simply could not function.
Goldman says that the U.S. Economy is finally seeing growth again but they warn that this could be bad for stocks.The stimulus is restarting the economy, as it was intended to do. Businesses are opening and people are spending. But, this jump start won’t last forever. Goldman Sachs thinks that it will reach its peak in the coming weeks.