Flashy headline US GDP number when broken down still shows weakness in both consumer and business spending meaning a slowing economy. Those that are in the know say it's a blip caused by inventory building in Q1 which should equate to a much weaker figure in Q2. Next week should be interesting with the PMI figure due. Great to see precious metals on the way up once more, I just need discipline not to take profit too soon as I hope this is just the beginning of a lengthy rise :)
It's not long ago since Trump had a moan regarding the $ too strong, maybe he's got a plan. After all it worked for him when last year he had a moan regarding oil prices too high, well until OPEC found out they'd been duped by his Iran waivers :)
Agree, Fed been too hawkish regards inflation these past few years and will now have to try and get it higher so probably will have to go down the rate cut road and let it run higher than 2% for a while. All good for precious metals of course. The recent oil price rise will impact on inflation soon however. Regards to the $ it is however the stronger currency out there and will be for the foreseeable future I think it's the best by far of a bad bunch. But sure they'll massage the figures to suit the elite anyway. Remember duck hunting season is closed until September 1st :)
$ was higher in Dec 2018 for goodness sakes. I recon POG/POS will be higher sooner than later. Panic selling as usual because USA economy is in such fine fettle :)