This Is The Real Reason Why Gold & Silver Are Moving Higher Today
KingWorldNews.com
January 04, 2018
This is the real reason why gold and silver are moving higher today.
By Peter Boockvar, author of the Boock Report
December 4 (King World News) – Here is what Peter Boockvar wrote as the world awaits the next round of monetary madness: I’m going to harp again today on my belief that higher cyclical inflation is a VERY underappreciated risk in 2018 and pressures are continuing to grow. If you missed the comments yesterday in the Markit press release on US manufacturing it said this: “input price pressures intensified with the rate of cost inflation accelerating for the 2nd consecutive month. Furthermore, the marked rate of increase was the 2nd fastest since December 2013…
Panelists linked rises to higher raw material prices, which partly stemmed from supplier delays. Meanwhile, factory gate charges rose solidly, despite the rate of inflation softening since November.” In yesterday’s front page of the WSJ: “Sluggish Wages See Uptick…Pay is rising at double the national average in metro areas with low unemployment.” On page 2, “Minimum Wage to Rise in 18 States.” The CRB commodity index closed yesterday within one point of the highest level since November 2015. There was also a reaction in the TIPS market. The 5 yr inflation breakeven closed up more than 2 bps to 1.90%, the highest in 9 months. The 10 yr breakeven is now back above 2% for the first time since the end of March.
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