Tom Cloud begins his precious metals update with the implications of a March 15th Fed interest rate hike on the markets. Investors need to realize that as interest rates move higher, so will the interest payment on the debt, which is now approaching $20 trillion. Furthermore, Tom discusses the significance of a U.S. debt ceiling rise and its impact on the precious metals prices.
Another topic brought up during the update is the huge Stock Market Bubble. Tom explains how the current Dow Jones Index is now 29 times Earnings…. a valuation it has never reached before. At some point, the Dow Jones and broader stock indexes will sell off considerably. Many Investors moving out of the broader markets will likely rotate into precious metals and their mining shares.
Tom also discusses the upcoming Dutch and French elections and how this could really upset the European Union and its fiat currency, the EURO. Many Europeans are becoming disillusioned with the European Union and its disastrous immigration policies.
In addition Tom explains how President Elect Trump is asking for a $2 trillion increase in the debt to pay for finance infrastructure, military and VA benefit programs. If this $2 trillion debt increase is voted through, then it would push up U.S. debt even higher, thus increasing our annual interest on debt payments, which was $432 billion in 2016.
IMPORTANT NOTE: If you are new to this site, you may want to check out our PRECIOUS METALS WEBINAR. There is a lot of good material discussed during that webinar… for free.
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