Mixed Bag for Precious Metals as Week Winds Down June 30, 2017 Walter Pehowich is on vacation through July 10th. Today’s comments are from a Dillon Gage senior staffer. There’s good news, there’s in-between news and then there’s not-so-good news. As the week draws to a close, precious metals have seen key market indicators fluctuate wildly as market interest remains relatively flat. This is why prognosticators get paid the big bucks. Gold is currently pricing slightly down at $1,243 and silver has tipped up in the last hour at $16.67. The good news – stock market indexes are moving round and round like a fidget spinner. If the equities market does begin to deflate, gold and silver prices should take up the slack and come out on top with a price bump. The in-between news – the geopolitical situation has gone from a boiling point to a simmer. Yet, it’s still strange to think of how many global factors are still in play. The wick is being turned up on a military response to North Korea, ISIS is facing imminent defeat in Iraq (some estimates peg the remaining fighters at under 200 total) and the current status of the Saudi Arabia vs. Qatar standoff. Now for the not-so-good news – signs are pointing to a more hawkish tone from central banks around the globe. They may be ready to subscribe to the U.S. Fed’s policy of recent rate hikes, of which several are still currently locked down by a decade’s worth of quantitative easing programs. If the QE programs are phased out further, it could weigh on precious metals. However, the ongoing shaky global politics and D.C. melodrama would likely soften any impact. And it’s always good to remember that there can be a golden/silver lining to this scenario as lower prices can present a buying opportunity for those looking to dollar cost, average down or enter the market at a more favorable price. Meanwhile, in the States, Congress goes on recess without a health care vote and presumably, fireworks sales will skyrocket. Pun intended. Have a wonderful and SAFE 4th of July Holiday Disclaimer: This editorial has been prepared by the senior staff of Dillon Gage Metals. This document is for information and thought-provoking purposes only and does not purport to predict or forecast actual results. It is not, and should not be regarded as investment advice or as a recommendation regarding any particular security, commodity or course of action. Opinions expressed herein are current opinions as of the date appearing in this editorial only and are subject to change without notice and cannot be attributable to Dillon Gage. Reasonable people may disagree about the opinions expressed herein. In the event any of the assumptions used herein do not come to fruition, results are likely to vary substantially. All investments entail risks. There is no guarantee that investment strategies will achieve the desired results under all market conditions and each investor should evaluate its ability to invest for a long term especially during periods of a market downturn. No part of this editorial may be reproduced in any manner, in whole or in part, without the prior written permission of Dillon Gage Metals. This information is provided with the understanding that with respect to the opinions provided herein, that you will make your own independent decision with respect to any course of action in connection herewith and as to whether such course of action is appropriate or proper based on your own judgment, and that you are capable of understanding and assessing the merits of a course of action. You may not rely on the statements contained herein. Dillon Gage Metals shall not have any liability for any damages of any kind whatsoever relating to this editorial. You should consult your advisers with respect to these areas. By posting this editorial, you acknowledge, understand and accept this disclaimer.