US Dollar Index

U.S. Dollar Index

Here is the US Dollar Index which is on a trend down which bodes well for the precious metals market, specifically Gold. (They typically trade opposite of each other) It closed at 79.33 which is the first time since March 2010. If the index should trade below the 70 level, Gold should continue to increase in value due to the dollars devaluation.

Although this is typically good for precious metals investors, it's not good as far as inflation. Prices for consumable items such as gasoline, food and daily personal hygiene items will continue to rise in price. I'm sure most people already realize this after a trip to your local grocer. Prices have gone up and product volume has gone down. It is something that you'll need to get used to should the dollar index continue to fall and Gold continuing to rise...