Recent Fed and Treasury actions and policies are working around the clock to debase the USD. This US wealth and purchasing power destruction forces investors to seek protection in precious metals (platinum, gold, silver, uranium...) and stocks with high earnings.
This current imported and commodity fueled inflation wawe is reminiscent of the 1979-80 episode when gold, energy, farm land, natural resources and tech stocks were the inflation shelter investors sought.
The Dollar Index chart below demonstrates that the USD reached a low point in 1980 as gold was taking off. You can readily see we're back at lows once again.
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