Precious Metals Stuck in Neutral But That Could Soon Change

Where are gold prices headed?

  • Gold and silver continue to be stuck in trading ranges, but last week’s move by Treasuries could help push the metals out of those ranges.
  • A stronger dollar might limit any move to the upside as could a continuation of generally good economic reports in the U.S. that, last week, showed inflation rising.
  • Demand from China and India are still key as we approach June, the worst month of the year for precious metals.

Gold and silver prices continue to be range-bound, for gold around $1,300 an ounce and for silver between $19 and $20 an ounce, but with the recent break-out for another safe-haven in Treasuries last week, it’s possible the metals will soon break free of their recent trading ranges as well. Unfortunately for gold bulls,

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Jim Rickards Unplugged Talks Gold, The Fed, The US Dollar and More

 

 Rickards – “If You Think Bank Bailouts Were Unpopular, Wait Until We Have To Bail Out The Fed”

Controversial best-selling author James Rickards sits down with Hedgeye CEO Keith McCullough to discuss a number of important subjects in this wide ranging interview:

00:58 Keynesian Economics = Junk
3:00 The Fed Uses The Wrong The Model

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