New U.S. economic numbers show inflation hasn't peaked !While economists expected a year over year CPI of 8.3% (which is huge) what they got was 8.6% ! Add to that the global TRILLIONS in debt and you have a 5 alarm fire.
I also heard the first signs of a debt bomb this AM as well, as a business analyst wondered if Greece's and Italy's debt would soon blow up as European rates are climbing. I strongly believe a hard landing is coming in the general markets and it may occur this Summer or Fall.
Precious metals may be treading water right now, but it's just a matter of time before people realize that REAL assets (like gold and silver) will be in HIGH demand before this stagflation/deflation cycle is over. All we need is for production to ramp up in order to print money. (ie No debt)