Gold regained its bullish momentum on the back of concerns over US debt. With Moody’s downgrading the country’s credit rating, nervous investors are looking for a safe haven and that’s brought them right back to gold. There’s been so much movement that its price climbed back above $3300 per ounce, putting it up more than 3% from the previous week. This could be a temporary stop to higher prices, so you will want to get in now. Click here to learn about some of the best investment plays to take advantage of this turnaround in the gold market.
The weaker dollar was also good for copper, as futures climbed above $4.65 per pound and prolonged gains for the essential metal. The dollar’s woes likely won’t end anytime soon with Trump’s proposed policies slated to add $3 trillion to the national debt. That means copper investors could be poised to win big. Click here to learn more about one copper miner that could make its investors rich when that happens.
Sweden knows that nuclear power is the future, which is why the country’s parliament passed legislation to finance a new generation of nuclear reactors. Any reactors that come from this plan would supplement the reactors the country already has in place. With demand expected to continue rising, it’s not hard to see these new reactors becoming a reality. That means a spike in uranium demand, which is already climbing. Click here to learn more about which uranium stocks you can buy to benefit from this trend.
You will want to watch for how the bond market responds to the coming debt crisis.