Gold-Silver Ratio Hits 100:1 – A Historic Buying Signal for Silver 
Chinese exports reached $316 billion in May, growing nearly 5% year-over-year but missing economists’ 6% forecast.
The disappointing figure was driven by a dramatic 34.4% collapse in US shipments – the worst decline since February 2020’s pandemic shutdown. This occurred despite a May 12 agreement that temporarily prevented duties of up to 145% on Chinese goods.
Meanwhile, exports to other nations rose 11%, with Vietnam seeing a 22% surge as Chinese companies route shipments through third countries to avoid US tariffs. The data highlights China’s economic challenges: while foreign demand drives nearly 40% of growth, domestic consumption remains weak, with imports falling 3.4% and the economy stuck in deflation.
China’s trade surplus has ballooned to nearly $500 billion in the first five months of 2024.
