Gold, Silver and Fertilizer Stocks Lead Rally
At
$1,390 an ounce, gold prices are at an all time. Silver is at a 30-year
high. Agricultural commodities like fertilizer are also moving toward new
highs.
Economists are warning that these commodities could continue to move higher in price for several months. And the stocks of companies selling these commodities have been surging in the past few trading sessions.
That’s because commodities rise in price as the value of the U.S. dollar
falls. And the Fed’s recently announced $900 billion Treasury buying
program is expected to keep the downward pressure on the dollar for six
months or more.
That may be bad news for consumers who will pay higher prices, but it’s great news for commodity investors, because commodities stocks will continue to rise.
“The place to be is in commodities, raw materials, natural resources,”
said famed commodity investor Jim Rogers.
Individual investors are taking note, as indicated by trading volume surges and share price gains for top commodity stocks and ETFs (exchange traded funds).
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