Precious metals news

FATCA forces EVERY foreign bank and financial institution IN THE WORLD to share information about their depositors with the Treasury Department.

Last week we found out that Dallas Fed president Kaplan knows that the Fed is creating excess and imbalances in stocks. Yes, bloating the Fed’s balance sheet by over $400B  in four months has…

So much for the old Socialist promise, "equality for all".

Social Security is faltering, Americans aren’t saving enough, some companies’ pensions are going bankrupt and there’s little clarity over other complex topics within retirement and aging, such as how to get the best advice from financial professionals and what benefits will be available for them in old age.

As we look ahead, we expect that the interplay between market risk and economic growth will drive gold demand in 2020...

The only question that remains in my mind is whether or not the current bailout operation will be the last “sweep.”

The U.S. economy is coping with large budget deficits at the moment, but government spending cannot continue to expand at the current rate indefinitely, Treasury Secretary Steven Mnuchin said.

The move has been reportedly made so Putin can carry out sweeping constitutional changes he spoke about at his annual address just hours earlier.

What this means is that after the $1.1-$1.2 trillion budget deficit in 2020, the US is staring at an even wider deficit next year, which of course will be funded by debt, and since foreign buyers have been increasingly less excited to buy US debt, will force the Fed to expand its QE4...

On Jan. 13, Peter Schiff appeared on RT Boom Bust with Bubba Horwitz to talk about the yuan, the dollar, the stock market and the US economy. Peter said the dollar is eventually going to collapse and it's going to be a rude awakening for Americans.
The Chinese yuan has been gaining strength against the dollar in recent weeks, in part because of optimism that there will eventually be a resolution to the trade war. But the Chinese currency is still over 17% lower than it was when the US imposed its first tariffs. Does this mean the markets are cautiously positioning for a deal, or is there still skepticism about the phase 1 deal? Peter focused on the bigger picture.

Bridgewater is not alone in recommending the bullion. DoubleLine CEO Jeffrey Gundlach also said last year he was a buyer of gold on expectations that the dollar would weaken.

The US federal government ran a budget deficit of over $1 trillion in the 2019 calendar year. It was the first budget deficit over $1 trillion in any calendar year since 2012 — in the midst of the Great Recession.
The budget shortfall from January through December totaled $1.02 trillion, according to the latest report issued by the Treasury Department. That continued a rapidly accelerating upward trajectory. The 2019 budget gap was 17.1% bigger than the 2018 deficit, which was a 28.2% increase over 2017.

Gold prices are slightly higher on Wednesday as investors adopt a cautious stance ahead of the expected White House signing of a partial agreement between...

U.S. rate-setters could set negative interest rates in the future, despite their own current doubts about the risks of this unconventional measure, Goldman Sachs told CNBC Wednesday.

In Europe, institutional and individual investors alike are showing renewed interest in gold. The reasons for this trend are manifold: negative interest rates, the set-back of equity markets in Q4/2018, slowing economic growth, and a growing distrust...

As of now Maximum daily repo remains at $120 billion through February 27th.

One of the architects of the European Central Bank's unprecedented monetary stimulus over the past decade has a suggestion for President Christine Lagarde and her planned strategy review...

The BOJ’s optimism is likely to allow it to justify keeping monetary policy steady for the time being.

China's central bank seeks to maintain adequate liquidity in a slowing economy and ease a potential crunch ahead of the Lunar New Year.

It's time the German press and government stop blaming electric cars for the massive job losses that could soon hit the...