Retail sales numbers came in today and were up which helped markets to rally upwards. This and the upward swing on the value of the US Dollar probably contributed to gold going downwards today. When people see more opportunity in the market they are less likely to run to safe havens like gold.
Because of the slow economic recovery I still like companies like Dollar Tree (DLTR), Dollar General (DG), Walmart (WMT) and Target (TGT). The ability of people to buy goods is still hampered by the lack of available lending, thus people are still more inclined to look for bargains and spend less.
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