This is why gold is surging $20 today, plus a look at the US dollar, housing and tarrifs.

Tariffs, Gold, US Dollar and Housing
By Peter Boockvar, author of the Boock Report
March 23 (King World News) – Here is a portion of what Peter Boockvar wrote as the world awaits the next round of monetary madness:  I’m still struggling to see how tariffs on washing machines, solar panels, steel (even though about 70% of imports have been temporarily exempted), aluminum (here too) and about 100 products on Chinese imports is going to directly deal with the Chinese theft of American company IP. Peter Navarro and Wilbur Ross have failed to persuade me. Kudlow, when is your first day at work? How far does this go? How much will it cost American business and American consumers as we find out?

To find out which company is the #1 junior mining takeover target in the world that the
biggest money on the planet is lining up to buy – CLICK HERE OR BELOW

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I want to make clear that the Chinese tariffs announced late yesterday were in response to the steel and aluminum tariffs, not the direct ones they were just hit yet. We await their next response. In the meantime, your California wine just got more expensive as did your almond’s and bacon.

US Dollar Troubles Bullish For Gold & Silver
The dollar can’t get out of its own way and US trade policy is just another reason. As a result, I remain bullish on the precious metals. Gold again is at a one month high up by 1% and silver is too. Other than cash, I can’t think of a better place to hide, for now. The 200 day moving average in the S&P 500 that we’re all staring at again is 2584. 

Rising Rates Impacting Housing
Because of rising rates along with near record high new home prices, consumers are only naturally going to be impacted. Some of course aren’t bothered and they want a home. Others are affected and will hold off and rent. Robust price gains are certainly positive for homeowners and their balance sheet, especially if they spent a lot of time underwater but creates a challenge for the first time buyer, many of which don’t have much savings for a down payment and carry a lot of student debt. All of this, including the dearth of supply, helps to explain why housing transactions are still below its long term averages even with a record number in the US population.

US Home Sales Way Below Peak Levels

Ouch! An Extra $876/Year For Consumers?
The average 30 year mortgage rate rose 40 bps from early January to the end of February. On a mortgage of $300,000, that equates to an extra $73 per month in payments or $876 per year.

Why I Bought 400,000 Shares Of This Gold Exploration Company

A 16-Bagger In Gold?

Eric King:  “I’m a shareholder (purchased 400,000 shares so far in the open market) of your company (symbol TORQ in Canada and TRBMF in the US).  I know the insiders have been buying as well and can’t seem to get enough of this stock.  You guys are not in this for a double or a triple.  When I see you guys (insiders) buying this aggressively (over 2.5 million shares of insider purchases recently), you’re looking to make 5X or 10X your money.

Michael Kosowan, CEO (insider):  “You are right, we don’t look at making 20% or 30%.  The large insider shareholdings means that we are really looking to monetize to a larger entity.  Our vision is to build these assets and get to over $10 a share (roughly 16X higher than the current price of 63 cents!)…To learn more about which gold exploration company insiders have been buying like crazy CLICK HERE!

***Also Just Released Dow Plunges More Than 700 As One Of Richard Russell’s Last And Most Remarkable Predictions Is Now Unfolding CLICK HERE.

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