Boockvar – What Is Happening In The Gold Market Is Remarkable

kingworldnews.com / July 17, 2017

Today one of the greats in the business noted that what is happening in the gold market is remarkable.

July 19 (King World News) – Here is what Peter Boockvar wrote as the world awaits the next round of monetary madness:  The National Association for Business Economics released their Q2 Business Conditions survey and things did improve from Q1 but what was most noteworthy were the comments on the labor market. They said “Materials cost pressures appear to be easing, but more firms are facing higher labor costs and difficulty in hiring, especially skilled labor…Pricing power, or lack of it, and labor costs are generating some headwinds for a significant number of firms.” Their Net Rising Index (NRI) on wages was the best since January 2016. Passing these costs on to the rest of us was mixed as current plans for “prices charged continued its recent upward trend” but “respondents’ expectations for prices over the next three months suggest price increases will become less widespread.” Lastly of note, “As in the April 2017 survey, a large majority of respondents (76%) reports that their firms have made no changes in hiring or investment decisions in anticipation of potential changes in US policies.”…

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