Precious metals news

If you live in California, you probably know how aggressive California’s state tax agency can be. In fact, even if you live somewhere else, you might have heard of the Golden State’s aggressive tax rules.

There have been numerous suggestions coming at things from the opposite direction, making the case that a recession will likely cause stock prices to fall hard.

...thanks to a small upward revision, October confidence slipped to its lowest since March with expectations weakest since January.

For the 17th month in a row - the longest streak since 2008 - US home price growth (in 20 major cities) has been unable to re-accelerate.

Billionaire hedge-fund founder Ray Dalio says the global economy is under threat from an explosive mix of ineffective monetary policy...

“Every bear market of the past 50 years has witnessed an actual decline in S&P 500 forward earnings,” says lead strategist Francois Trahan, who lays out a deteriorating landscape in a note to clients.

Foreign central banks have been stocking up on gold for months. According to the World Gold Council, a dozen central banks have increased their gold reserves by at least 1 ton through the first eight months of 2019. This continues a trend we saw through 2018. In total, the world’s central banks accumulated 651.5 tons of gold last year. The World Gold Council noted that 2018 marked the highest level of annual net central bank gold purchases since the suspension of dollar convertibility into gold in 1971, and the second-highest annual total on record.
Peter Schiff has talked about central bank gold-buying. He has noted that the US went off the gold standard in 1971, but he thinks the world is going to go back on it.

According to Elizabeth Warren, we have a problem. And like every good central planner, she believes she can fix it.
In fact, Warren has made, "I have a plan for that," a campaign slogan.
These people never learn. They try to micromanage the economy, create all kinds of unseen consequences, blame "capitalism," and repeat the process.

The crooks are quite willing to supply massive amounts of paper gold knowing that they have no actual metal. Harvey explains...

In fiscal 2019, the federal government spent a record total of $4,446,584,000,000. That was up $261,665,170,000 from the previous record total of $4,184,918,830,000...

If the mid-1990s are any indicator, the Fed could deliver on one more 25 basis point rate cut in this week's policysetting meeting, but no promises after that.

Just a few years later, many of the same subprime lenders that specialized in the debt are promoting an almost equally onerous type of credit.

Jamie Dimon has been quick to trumpet the strength of U.S. consumers. Federal Reserve chief Jay Powell calls them a bright spot that is countering weakness in the...

"At the current pace, outflows from equity funds this year will be the second largest in 15 years."

According to the latest GDPNow report published by the Federal Reserve Bank of Atlanta, the real gross domestic product (GDP) in the United States (US) is expected to expand by 1.7% in the third quarter of the year, down from 1.8% forecast on October 24th.

Fed Chairman Jerome Powell is expected to say the Fed will do whatever it takes to keep short-term funding markets calm.

The latest CNBC Fed Survey finds concerns over recession, monetary policy and worries about the economic policies of President Trump and Democratic contenders.

The Japanese government will join forces with the Bank of Japan to move the economy out of deflation, Japanese Economy Minister Nishimura said on Tues...

Draghi made one last plea for euro-zone fiscal support as he signed off from the European Central Bank presidency in a ceremony attended by the leaders of the...

Australian central bank chief Philip Lowe reiterated that he’s prepared to ease policy further if needed, but again pushed back against the idea of interest rates...