John Rubino returns… Gold and precious metals as man expected were slammed on Friday. Fifth time since approaching the magical 1350 resistance point. The decline will probably continue on for several more months until a summer rally or Q4. Not to worry though, the Fed is in a box again. With stock markets rising, the impetus to ease off rate hikes has diminished. But tightening could well send the markets into another decline, which the Fed doesn’t want to trigger. So it’s a matter of Speak Loudly and Turn Up the Printing Presses and hope that no one notices.