Things are unfolding as we discussed on the January Economic Outlook Call. Better than expected jobless claims and home sale reports led to a rally in the US dollar causing downward pressure in commodities and precious metals which are priced in US dollars making them more expensive. A stronger US dollar in the short term may given an opportunity for investors to buy precious metals for their portfolio as the long term outlook for the US dollar looks bearish. In addition, China announced it will raise interest rates again to curb inflation and slow down its economy also weighed on commodity producers.
Tune into the Economic Outlook Call each month for the latest news of what is happening.
Listen to the webcast below.
[powerpress]
