Precious metals news

Shiller PE Ratio, known as CAPE. It shows the price-to-earnings ratio based on average inflation-adjusted earnings over the past 10 years is at an uncomfortable level, right now.

“The main driver of the gold price this year has been lower global interest rates amid heightened geopolitical tension in Europe over Brexit, as well as the trade war between the US and China,”...

It was December 2010, in the aftermath of the financial crisis when the US government was forced to approve a US$700bn rescue package slated to avert the collapse of the country’s financial system.

Gold prices climb on Monday to begin a shortened week of holiday trade that has taken the precious commodity above a level of technical resistance that could signify further gains ahead.

Due to the downward revisions, new home sales are following the trend of existing home sales lower... as the median home price soars.

It's expensive to print all that money...

On Friday, all the major stock markets finished the week at weekly highs in record territory. Positive data on personal income and spending helped push stocks higher to close out the week. Everybody keeps cheering the "strong economy," but during his podcast Friday, Peter Schiff said the in truth, the US economy is the biggest bubble ever. And it's being driven by the most reckless combination of monetary and fiscal policy in history.

As we head into the global macro uncertainty of 2020, equity markets continue to elevate due to central bank liquidity additions. One year ago, U.S. equities suffered large losses, which some attri…

Although we Latin Americans thought Chile was immune to populism, small protests have grown into the largest ones since the nation’s re-democratization in the 90s.

As we approach the end of 2019, gold is on track for a healthy yearly gain. To date, the yellow metal is up over 16% on the year.
It's always interesting talking about gains in the price of gold because when you get down to it, it all depends on when you got into the market. If you bought an ounce of gold on Jan. 1 of this year and sold it this morning, you'd have pocketed around $208 (less any taxes and fees). But if you bought your gold at the peak price this year and sold it this morning, you'd be out about $68.
So, when we say gold is up or down, you always have to ask a second question: since when? The price can be simultaneously up and down at the same moment depending on the answer to that question.

Japan’s “Abenomics” stimulus program appears to be reaching a turning point as growth...

If your memory minimizes how much you lost in the last bear market, you can easily overestimate how brave you will be in the next one.

At the Federal Reserve, 2020 will be all about making the repo market boring again. Policy makers will find this easier said than done.The central bank’s liquidity injections -- including almost half a trillion dollars earmarked to ensure New Year’s Eve is a snooze...

It was the year central banks jumped back into the fray, cutting interest to deal with a slowdown driven by a trade war and subsequent decline in manufacturing.Some, like the Federal Reserve...

Big picture: The outlook for manufacturing remains grim, as business sentiment is sluggish, the outlook for profits is soft, and global trade flows shrink given ongoing uncertainty.

"...we simply cannot make a case for structurally higher inflation either in 2020 or the following several years."

These are perilous times for holders of Chinese corporate bonds.Record domestic defaults and the biggest dollar-debt delinquency by a state-owned company in two decades...

"There's a lot of Benjamins all over the world"

Argentina’s credit rating was downgraded to near-default status by two of the biggest global rating companies, Fitch Ratings, and S&P Global after the government said it would delay payments on its short term dollar-denominated local debt.

Budget deficits that are projected to rise for years are straining the plumbing of the U.S. financial system, making it harder for the Fed to manage interest rates.