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Precious metals news

The gold rush continues...
    Why Gold is More Than A Safe Haven Asset
Dec 3, 2019 - 12:54:21 PST
Despite its strong ties to geopolitical events, gold is still driven by supply and demand.
The 22-carat lump, found in two separate pieces ten minutes apart in an undisclosed river in May, weighed a total of 121.3 g.
Blockchain startup LifeLabs announced that it is developing a U.S. dollar-pegged stablecoin for the British Virgin Islands.
Mongolia's central bank announced on Tuesday that it has bought a total of 14.4 tons of gold from legal entities and individuals in the first 11 months of this year.
Barron's: The Fed has been intervening more aggressively in money markets as it attempts to keep interest rates from rising around the end of the year.
Precious metals investors shouldn't dismiss the recessionary developments in manufacturing...
    The Pension Crisis Sweeping the World: LA Times
Dec 3, 2019 - 10:27:29 PST
Tens of millions more pensioners and savers around the world are facing the same retirement insecurity, as plunging interest rates since the financial crisis wreak havoc on the funding of schemes.
The emerging economies are “at the mercy of the big central banks,’’ ... They have “less room to maneuver.’’
    Pondering The Gigantic Miss on Construction Spending
Dec 3, 2019 - 09:49:42 PST
The Oct construction spending report was much weaker than expected. That's on top of huge negative revisions for Sept.
Roughly one in three homes in the U.S. is owned by someone age 60 or older
    The Other College Debt Crisis: Schools Are Going Broke
Dec 3, 2019 - 09:43:12 PST
As many as 1 in 5 small private colleges is facing serious financial stress, according to a Moody's analysis.
Wall Street analysts are slashing projections for fourth-quarter earnings at a furious pace, making it more likely that a profit recession will hit Corporate America for the first time in almost four years.
    47 Percent Of GDP
Dec 3, 2019 - 09:06:02 PST
This Is Definitely The Scariest Corporate Debt Bubble In U.S. History...
    American Farmers Are in Crisis, Here’s Why
Dec 3, 2019 - 09:01:56 PST
Farm debt, at $416 billion, is at an all-time high. More than half of all farmers have lost money every year since since 2013. Farm loan delinquencies are rising.
    US/China Trade War Is 'Unresolvable,' Strategist Says
Dec 3, 2019 - 08:57:52 PST
“I think any trade deal we get between the U.S. and China is going to be very shallow,” he explained. “It’s not the all-encompassing deal we were hoping for.”
    The Road to Default: Mauldin
Dec 3, 2019 - 08:11:31 PST
Nothing is forever, not even debt. Every borrower eventually either repays what they owe, or defaults. Lenders may or may not have remedies. But one way…
    Recession Around The Corner?
Dec 3, 2019 - 06:56:49 PST
Evidence From Treasury Market And S&P 500 Earnings Sentiment. If we look at the normalized change in the 10Y-3M curve minus normalized change in 10Y yields, we can see a heightened recession risk.
Bianco Research's Jim Bianco says the Fed hasn't been tested with a "punch to the mouth" that could drastically alter its plan. One could be around the corner.
Do we even need the Federal Reserve?
Whether on the political left, right, or in the middle, virtually everybody thinks we do. After all, without the Fed, we'll have wild economic swings and crashes.
Economist Edward Stringham disagrees. In this It's Your Dime Interview, he talks about it with host Mike Maharrey and makes the case that the economy would function just fine without a central bank pulling strings. In fact, as he explains, the Fed actually stirs up economic chaos.