"What the caterpillar calls the end of life, wise men call a butterfly."

This seems counter-intuitive. Gold prices fell to a five-week low in New York after U.S. inflation accelerated last month meaning the Federal Reserve will most likely quicken the pace of interest-rate increases. Usually, if you have inflation and rising interest rates, people buy gold as a hedge against the value of fixed-income assests losing ground. That drives the price up.

Gold is now trading around $425 an ounce. The last time the US economy faced inflationary pressure, gold futures surged to $873 an ounce (that was in 1980.) I guess gold hasn't been such a great long-term investment after all. But maybe it's time to look for some short-term gains... hmmmm