January 21, 2019 — Gold and silver prices fell last week, under pressure from a rising dollar and strength once again in the equity markets.
After a miserable finish to 2018, stocks are off to one of the strongest starts to a year ever recorded. Retail investors may be having some trouble keeping up with the whipsaw action.
The partial government shutdown, which began Dec. 22nd, will be a month-old tomorrow – the longest ever. The prior record was set in 1995-1996 when President Bill Clinton refused to sign a Republican spending bill which promised to reduce expenditures.
At the moment, there is little sign the current impasse will be ending soon. Democrats appear unwilling to compromise, even after President Donald Trump offered them a DACA extension over the weekend.
Political pressure is mounting as 800,000 federal employees have now missed one payroll (but will invariably receive back pay eventually).
Although federal employees generally receive very high salaries, if those workers are similar to the average American with regard to personal savings, they won’t have much cash to cover living expenses. They will instead be borrowing money and/or seeking other assistance.
Most Americans however, are unaffected by the shutdown thus far. The stock markets certainly aren’t reflecting any concern either – and it’s quite possible stock prices have actually been boosted by a less active federal government.
Check out live precious metals prices here:
Originally Posted Here: $GLD and $SLV Prices as of January 21 2019 @moneymetals