from King World News
On the heels of some wild overseas trading, look at what is about to fuel the next leg higher in gold and silver.
All Roads Lead To Gold
July 28 (King World News) – Peter Boockvar: I think from the perspective of the markets, the only thing they care about with respect to what comes out of DC is what the added jobless benefit will be. The bid and offer seems $200-$600 with somewhere in the middle likely where it ends up. Either way, it will be lower than what was where the University of Chicago estimated that 68% of those receiving benefits were getting paid more than what they made before with the median payment 34% higher than their previous weekly paycheck. Rate of change is what is most relevant here, and thus the law of diminishing returns matters.