A beautiful spring like day seems to be bringing in a spring like atmosphere

A beautiful spring like day seems to be bringing in a spring like atmosphere in the precious metals market. But this is not so for the global and US economy. Overnight news on China reported that passenger vehicle sales are the lowest they have been since 2012 for the year. This was followed up in the USA this morning by a deflationary Producer Price Index at -5 % and a weaker than expected Retail Sales of -.3%. Additionally the Business Inventories report shows signs of a stagnant economy at best. In this kind of environment the Fed Interest Rate Hike seems to lose its position as people are beginning to wonder if there is real growth in the US at all. Thought the demand for dollars and equities stays firm interest in hard assets are driving some funds into gold and platinum. The steam however seems to be running out this morning at current levels and it will take some Miracle-Gro to get it going any higher today.