Holy Cimoli! The market is so dead that HBO might start a new show to compete against AMC

Holy Cimoli! The market is so dead that HBO might start a new show to compete against AMC’s The Walking Dead except it will be base around people working in the precious metals market. That being said there was some news this morning which par for the course had little to no effect. The ISM Manufacturing Index came out lower than expected and Construction Spending was also weaker. But what does this have to do with precious metals? It seems very little. With what looks like deflationary signals such as the ISM Prices Paid which came in lower as well, precious metal no longer look like an interesting vehicle for dollar denominated investors. In this lazy summer atmosphere look for less than stellar volumes and dampened volatility.