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Tuesday, April 19, 2016
It seems the continued barrage of tepid financial news...
It seems the continued barrage of tepid financial news with what looks like no possibility of further rate hikes form the Federal Reserve anytime soon has given the hard assets a boost. Both Building Permits and Housing Start were dismal indicators with the previous months being revised downward as well. Gold is certainly a leader but silver has made the largest move to the upside and is currently trading around 17. Platinum also has taken a jump as if on a trampoline and is well above the psychological 1000 mark. I would not be surprised to see attempts to test to the downside but it sure appears that a firm bull market has developed and barring any unforeseen positive economic news we should hold these levels and try higher this week.
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