Conventional Markets; Precious Metals; and, the U.S. Dollar – Comments from Rick
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Uncertainty is the watchword currently in the markets. Here is how Rick is playing them.
That is interesting, Dai Uy.
Hard to figure what is actually happening, isn’t it?
AL:
Indeed, in particular when combined with the latest Silver Institute report that someone on this site hotlinked several days ago re: demand…………….
Lower yields + higher commodities = higher gold prices. If we are in deflation, then stronger dollar + stronger gold = deflation. No real indicator as yet for deflation.
Negative nominal rates on treasury bills are probably the best indicator, as well as contractions of GDP.
Do you think the second quarter will show a contraction of GDP?
We’re seeing GDP contraction north of the border, but as long as housing prices keep going up backed by the BOC through bond-swapping, then it’s all good.
Somewhat related perhaps…………..Checked with my large, local broker who does business all over the country about an AG order that I put in 2 weeks ago. His source of supply is a private local mint who among other things, provides blanks to the U.S. Mint.
I was lamenting the fact that I should have waited 2 weeks. He told me that I was lucky as he is no longer taking orders as he cannot get material and that he has turned down hundreds of orders. Perhaps a sign of the times?