The US economy is unbelievably talked up. Governments in the western world massage statistics to show that the elected are doing a good job and they have been finessing this for 30+ years.
Lies are just accepted without question... "A kilometer over the limit and you are a killer" Welcome to Australia the land of 10 million killers. The US economy is now in recovery mode. 43% of the population relies on food stamps.
The interest on US government debt cant be paid from tax revenue at the current rate. However as a good ponzi scheme, the FED can print more dollars to cover the US government deficit regardless of the interest rate.
However businesses are hit if the rate goes up. Profits go down so SP should trend lower.
Average Joe has less money to spend as do most people. So less sales mean business investment for a contracting market is not enthusiastic no matter how low rates go.
The reason for PM rising now is lack of faith in fiat currencies. Interest rates are of secondary importance. KBL has gold now and massive silver with lead at Sorby Hills.
As Hood said we are not out of the woods yet and next quarter should confirm how KBL is going.
KBL Price at posting:
1.3¢ Sentiment: Buy Disclosure: Held
