Weekly Perspective 3-20-17

Interest rates moved up like everyone expected. Stocks shrugged it off. Gold stocks went up but GDX bellow the 200 day moving average. China is still dumping treasuries to the tune of $45 billion. But the good news is that Wall Street bonuses are up, over 900 percent over the past 3 decades. The rich really are different than you and me. Wolf Richter notes that inflation is up, good for Keynsians, but for you and me. Canadians are drowning in a sea of debt as are the rest of us. India tried to stop Indians from buying gold, so they took away their cash. Didn't work out too well. Silver news releases, First Majestic is buying back its stock. Just like Apple! A little more trial by fire on the downside in metals, perhaps.