Below looks at the performance of Silver, Gold and the S&P 500 year to date. Metals and miners are off to a good start in 2017. Even though the stock market has received a good deal of attention this year, metals have done even better. Is the performance in 2017 the start of something even bigger for Silver & Gold?
Authored by Kevin Muir via The Macro Tourist blog,
Moments ago, General Motors holder Greenlight Capital released a presentation in which David Einhorn recommended that GM should distribute, on a tax-free basis, a second class of common stock that the holder calls “Dividend Shares.”
The Richmond Fed Manufacturing Survey has now risen for 7 straight months, soaring to 22 in March - the highest since April 2010.
This smashed expectations by over six standard deviations as new orders, employees, workweek, and wages all soared.
Given the stagnation of industrial production, there must be something very special in Richmond...
Everywhere I look I see talk of a major $USD bull market being underway. I see this coming from CNBC as well as so-called "investment gurus."
This is odd… because the $USD is DOWN against every major currency thus far in 2017.
I'm not making this up. The $USD is DOWN against the Yen, the Euro, the Swiss Franc, even the British pound.
And what asset class does well when the $USD falls?
Gold.