Like many of you I've watched with anxiety and interest as events unfold halfway around the world. How will things turn out there?
Who knows? (Our "smart diplomacy" folks in our State Department appear clueless.)
One thing is reasonably sure-
The price of oil next week is gonna be interesting to watch. Oil price increases mean increased transportation costs of ALL goods. Your beans and potatoes will soon cost more too.
I've been surprised lately at the price of precious metals...
After topping $31.00 an ounce a couple weeks ago the price of Silver has retreated, as has it's upper-crust brother Gold.
It'll be interesting to watch over the next weeks to see if we all should have taken a second mortgage on our house to buy precious metals during this retreat.
If you're interested, you can follow the price of commodities with me here.