Referring back to the weekend topic regarding the current state of the market: I can’t but help feel this is just a healthy correction.
Gold hasn’t risen as high as I would expect it in the event inflation fears where as real as some people are making them out to be. When inflation rises and the buying power of the dollar decrease, Gold is considered a hedge to the weakened buying power.
Majority of the economies throughout the globe have reported good Quarter on quarter GDP growth, rising employment levels, businesses expanding as evidenced by the share buy backs and their balance sheet’s.
I am hoping this is just a healthy correction and nothing more. I am also struggling to sense any real fear about in the market however I could be blind sided.
One thing a correction is good for is a slap back into reality..! Have decreased my positions substantially and I eagerly await for normality to return to markets.
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