Why is the Fed hiking rates? In the midst of terrible economic news the stock market continues to climb. Perhaps the Dow is the only indicator that matters. Yet GDP expectations from the Atlanta fed have been revised from 3.4$ down to 1.3%. Morning star reported that 200 malls are at risk as Sears continues to close stores. It is Guildhall’s estimation that the recent pull back in precious metals is a preemptive strike from the Fed before they raise the rate. Jeff Christian CPM was quoted on Kitco news as seeing higher silver prices this year. As much as $21 or higher by year’s end.
Guildhall focuses on quality and as such brought in a 1.13 Fancy Vivid Yellow, Internally Flawless, Pear Cut diamond. According to the Fancy Color Research Foundation only 9-13 rare diamonds like this come to market every year.
Guildhall introduces precious metals financing. In conjunction with Questrade, Guildhall is offering clients the ability to hold physical precious metals on margin in allocated and segregated form.