Precious metals news

In the face of illness and suffering, private markets for healthcare services allegedly fail. Since the 1960s, neoclassical economists have legitimized the regulation and collectivization of this sector under the term "market failure."

As monetary madness accelerates, gold prices rise.

The signs swirl all around us even as mainstream news organizations strive to ignore them and governments and central banks refuse to discuss them.

I cannot possibly think of a better time to dump value and plow into risk than now. What can possibly go wrong?

Money was leaving the country at a record clip earlier this year through unauthorized channels, according to analysts. That's bad news for China, which needs to keep financial reserves high to maintain confidence in its markets.

Even if the world could somehow avoid the great financial turmoil that has already begun, the truth is that eventually a great demand crunch for silver would come just based on how much of it we are steadily consuming.

​Revealing data is coming out about which major players are accumulating gold...

BOJ Kuroda says ready to ease without hesitation if inflation target threatened - Bank of Japan Governor Haruhiko Kuroda said on Thursday that the central bank would ease policy further without hesitation if the momentum toward its 2% inflation goal came under...

The main trend is down according to the daily swing chart. However, momentum has been trending higher since the formation of the closing price reversal bottom on December 13 at 96.295.

Stocks climbed on Thursday, hitting new record highs, as the market rallied into the end of 2019.

All in all, 2019 has been a very good year for gold. In many currencies, gold recorded all-time highs with the exception of the USD.

"...they will be immunized by a declaration of force majeure, cash settlement, an official revaluation of gold, and even..."

The Fed has indicated that it won't hesitate to let the inflation Jeanie out of the bottle. As Peter Schiff put it in a recent podcast, the central bank is willing to resurrect the inflation monster that former Fed Chairman Paul Volcker slew.
Even if the Federal Reserve wasn't set to allow inflation to run hot, it targets 2% inflation as a matter of policy. In simple terms, the central bank intentionally devalues your money by 2% every single year.
As economist Thorsten Polleit explains in an article originally published at the Mises Wire, inflation has pernicious effects on the average person, while tremendously benefitting the chosen few. Polleit calls inflation an "inflation scam."

Printing money to replace excessive government borrowing can do little to improve these fundamental problems, and it is likely to make things worse.

Mexico’s central bank could take monetary-policy action as soon as February if it sees that inflation as well as internal and external risks remain low, Governor Alejandro Diaz de Leon said in an interview.“We have to monitor if conditions in the economy continue having this favorable

Improving how the country deals with defaults will be essential to prevent and resolve financial risks, a deputy central bank governor said.

Bonds with the lowest junk credit ratings have rallied in December, rebounding from a beating taken this fall, as fund managers prepare for 2020 by adding risk to their portfolios.

"Now we’re getting into a point in the year when balance-sheet problems are going to flare up, and I think the system will get gummed up again." - Zoltan Pozsar

The Federal Reserve is worried about corporate debt, which is ironic given that Fed policies made the corporate debt problem possible.
The Fed's latest Financial Stability Report issued in November laments the pileup of business debt.
Borrowing by businesses is historically high relative to gross domestic product (GDP), with the most rapid increases in debt concentrated among the riskiest firms amid weak credit standards."

It’s likely that the market should continue to see a lot of buying pressure as we reach towards the $18 level. If we can break above there, silver is in fact going to go much higher.