No. 517: Gold Update, March CPI, Industrial Production, Housing Starts,

(SGS Subscription required) • Gold Strength Has Been Fundamental, Not Speculative, and Unavoidable Fundamentals Promise Much Higher Gold Prices
• March Year-to-Year Inflation: 1.5% (CPI-U), 1.3% (CPI-W), 9.1% (ShadowStats)
• March Real Retail Sales Fell by 0.25%; Annual Real Growth Signaled Intensifying Downturn
• March Production Gain of 0.4% was 0.1% Loss, Net of Unseasonable-Weather Boost to Utilities
• March One-Unit Housing Starts Fell 4.8%, in Low-Level Stagnation, Multiple-Unit (Apartment) Starts in Recovery

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