Peter Boockvar – Backdrop for Gold & Silver Could Not Be More Powerful in a World of Monetary Madness

May 16, 2016

With gold and silver remaining firm and gold and silver shares surging once again, today Peter Boockvar says the backdrop for gold and silver could not be better in a world of monetary madness.

Peter Boockvar: The economic data released over the weekend in China were all below expectations for April. Retail sales rose 10.1% y/o/y vs the estimate of 10.6%. That is a slowdown from 10.5% growth in March and it’s the weakest since May ’15. The National Bureau of Statistics said slower auto sales vs March was the main reason for the slowdown. Industrial production grew by 6% y/o/y, below the forecast of 6.5% and down from 6.8% growth in March…

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