Current thoughts 10/17/16

Still getting some volatility in the dollar as it hit 98 twice last week and has pulled back from that level each time, including today. Gold and silver didn’t really participate in the move up as they wait to see if any weakness comes their way.

The overall markets got hit again today though and I feel a since of weakness everywhere. That or concerns, whether it be Russia, China, the Presidential shenanigans or what have you. Something just doesn’t feel right. I do think we go lower in the markets and we have to see if that puts pressure on gold related investments.

The dollar is still your key.

But we may wake up Wednesday morning in a couple days and see how Chinese data may start to come in worse than expected as they release their GDP numbers. This will give us our next indication of what is real or not, even though their GDP numbers in the past have been fudged. Again, something doesn’t feel right this time around and I might have some concerns if that GDP number doesn’t hit expectations.


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