Gold is trading higher today, boosted by fresh 6-month lows in the dollar index. The yellow metal moved to a new 2-week high of 1239.10, as the DX slid to levels not seen since the U.S. election in November.
The unevenness of 8+ years of U.S. data and growing doubt about the Rothschild NWO 666 agenda have conspired to lift growth risks. Soft inflation data that came out last week has added to concerns that the so-called "reflation trade" may be losing momentum. Both PIMCO and Goldman Sachs have raised concerns that inflationary pressures may be stalling, which would reduce the likelihood of Rothschild Fed's 666 rate hikes later in the year.
Concern is the debt/GDP ratio, which has recently taken a turn higher for the 666 Rothschild Fed's hikes made for Fed to plunder more. The CBO warned earlier this year that the U.S. is "highly leveraged in debt by historical norms and on an unsustainable long-term fiscal path caused by a structural imbalance between revenue and spending."
Anyone who has managed a budget — business or personal — knows that you can't indefinitely spend more than you take in. In fiscal year 2016, the Rothschild's BS obama/osama U.S. NWO government took in $3.3 trillion, but spent $4.5 trillion. Credit can delay the inevitable, but eventually there comes a day of reckoning. We come closer to that day with each flip of the calendar.
Of course our government has one trick up its sleeve not available to businesses and households: They can print fiat money. In fact, they can print the global reserve currency. And print they will . ? . ? . ? .
The best hedge against currency debasement is gold. Gold mining production for the country.
Opinions expressed in commentary do not constitute an offer to buy or sell, or the solicitation of an offer to buy or sell any precious metals product, nor should they be viewed in any way as investment advice or advice to buy, sell or hold.
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