As Inflation Intensifies, ‘I Remain Bullish On Gold & Silver’

Tuesday, January 24, 2017
By Paul Martin

KingWorldNews.com
January 24, 2017

Today the man who called the start of the commodity bull market said he remains bullish on gold and silver as inflation intensifies.

Here is what Peter Boockvar wrote today in a note to clients: Ahead of the US manufacturing index from Markit at 9:45am, we saw some other figures from overseas economies. Japan’s PMI for January rose to 52.8 from 52.4 which puts it at the best level since 2014. Markit said it was “helped by solid expansions in both output and new orders” which was “driven in part by a sharp increase in international demand, as new export orders rose at the quickest rate in over a year.” Not something you are used to hearing in Japan came next, “Meanwhile, inflationary pressures picked up to the greatest since March 2015.” This is becoming a common global theme. As the yen has been the main (maybe sole) driver of the Nikkei, it fell .6% overnight to close at a 7 week low. After the close though, the yen has been weaker. If there is a country to watch this year to see how companies respond to the carrot and stick of Trump trade policy (whether implemented verbally or literally) it will be Japan and its big multinationals…

The Rest…HERE

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