Precious metals news

The federal government set records for both the amount of taxes it collected and the amount of money it spent in the first four months of fiscal 2020 (October through January), according to data released today in the Monthly Treasury Statement.

Last week, Peter Schiff gave a speech at the Orland Money Show and made the case that all the hype about the greatest economy in history is just that - hype. Nobody should be taking credit for the economy. We should be asking who is to blame.

President Donald Trump’s two choices to fill Federal Reserve board spots will get their confirmation hearings Thursday before the Senate Banking Committee.

Judy Shelton has had a decades-long affinity for the gold standard, but she’s been downplaying that since President Donald Trump nominated her to the Federal Reserve Board.

..Services inflation is running at +3.1% YoY (the last time it was hotter was August 2016) while goods prices are deflating YoY...

Every once in a while, the truth slips out of Federal Reserve Chairman Jerome Powell's mouth.
Powell was on Capitol Hill this week addressing Congress. He continued to talk up the economy, but in a moment of honesty, tacitly admitted that the central bank is already engaged in extraordinary monetary policy, and confessed the Fed may not have the firepower to fight the next recession. During testimony before the House Financial Services Committee, the Fed chair conceded that the current low level of interest rates “means that it would be important for fiscal policy to support the economy if it weakens.”

Gold gained on Thursday after a sharp rise in new coronavirus cases and deaths in China dampened risk sentiment, prompting investors to buy the metal.Spot gold was up 0.6% to $1,574.41 per ounce at…

Charlie Munger, Vice Chairman of Berkshire Hathaway, Issued a Dire Warning About the Future.

European economic malaise is set to continue this year, the bloc’s executive said, warning that a deadly viral outbreak could further damp the outlook.

"Despite all the preparedness, the real impact of the current situation will, however, depend on how long the outbreak will continue and what will be the overall impact on clients and their businesses,"

Japanese Prime Minister Shinzo Abe said the cabinet will decide on Friday to spend 10.3 billion yen from the budget reserve to respond to the coronavirus.

China’s central bank pumped 100 billion yuan (about 14.3 billion U.S. dollars) into the financial system via reverse repos on Tuesday.

The move follows an announcement by HSBC that it would provide more than HK$30bn ($3.9bn) in liquidity relief for businesses.

"Scientific review panels may deem similar studies building chimeric viruses based on circulating strains too risky to pursue... If the virus escaped, nobody could predict the trajectory..."

Earlier, Hubei province said it is starting to include "clinically diagnosed" cases in its figures and that 13,332 of the new cases fall under that classification.

The data increasingly show that this virus is wickedly contagious, especially in crowded environments where population density is high. Here's why.

The Silver Institute believes that macroeconomic and geopolitical conditions will remain broadly supportive for precious metals, encouraging investors to stay net buyers of silver overall, a development that should lift silver prices higher this year. ...

Feb. 12. 2020: Our analysis illustrates that adding between 2% and 10% in gold to a hypothetical US pension fund average portfolio over the past decade would have resulted in higher risk-adjusted returns.

Gold futures give up earlier losses on Wednesday to finish higher after Federal Reserve Chairman Jerome Powell said the central bank would use quantitative...

And so here we are in 2020, with the highest market valuations in history on many measures and all they’re talking about is more QE and jawboning.