Every market commentator seemed focused Friday on the sharp rise in oil, and in turn seemed to ask every on-air interviewee for an opinion on the rally. This is the type of distraction I continue to warn readers about. Yes, it is important news that oil has moved up sharply today, but investors need to understand the rippling effect these types of situations produce in the market.Paying attention to how high oil and gas prices climb is not going to help you add profits to your portfolio. Deciphering the steps you need to take to protect your portfolio and profit against continuing signs of higher inflation and a poor fiscal policy are what investors need to focus on.
Technical Outlook: Golden Inflation Hedge
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