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Precious metals news

    Gold Rises as Stocks Ease
Oct 23, 2019 - 05:59:59 PDT
Gold firmed on Wednesday as uncertainty over Britain's upcoming exit from the European Union and concerns over a slowdown in the global technology sector weighed on stocks, prompting investors to seek refuge in bullion.
All around the world, governments are telling people to cut back and raising prices on basic needs. The result has been rage and chaos.
Many have taken up the barter system to fill up their vehicles as the socialist country's paper currency, the bolivar, is not accepted by some.
The extradition bill was also formally withdrawn, a key demand of protesters, by the Hong Kong government on Wednesday.
The welfare package includes an increase in the basic pension and a rise in minimum wage.
    Will the ECB’s Quantitative Easing Ever End?
Oct 23, 2019 - 05:16:28 PDT
What happens when it runs out of bonds to buy?
    The Longer Term Lessons of the Repo Turmoil
Oct 23, 2019 - 05:05:57 PDT
People have drawn a lot of far-reaching conclusions from last month’s brief bout of turmoil in money markets. They see implications for bank regulation, for benchmark interest rates and even for the way the Federal Reserve implements monetary policy.Actually, not much needs changing
The U.S. investment bank said Brent crude futures had been caught between “worsening growth expectations and rising Middle East tensions” in recent weeks.
Even if something as drastic as kicking China out of SWIFT doesn't happen, continued "de-dollarization" is almost 100% certain...
    Should You Do a Cash-Out Refinance? the Pros and Cons
Oct 23, 2019 - 04:58:24 PDT
A cash-out refinance replaces your existing mortgage with a new home loan for more than you owe on your house.
“If the circumstances present itself to where we have to wipe out the shareholders, we will,” Federal Housing Finance Agency director Mark Calabria...
Last week's climb in interest rates caused a drop in mortgage applications by 11.9%, according to the Mortgage Bankers Association.
...If that's still the case, then the world is on the verge of a recession as moments ago CAT reported dismal Q3 earnings while slashing its profit outlook, blaming deteriorating global growth.
World stock markets fell on Wednesday, as hopes faded that a Brexit deal would be wrapped by next week and a profit warning from Texas Instruments pulled down tech shares.
Are Boris Johnson's struggles "good for gold"?
    Don’t Look Now, But India Is Loading Up on Silver
Oct 22, 2019 - 14:01:33 PDT
It’s quite possible that a new catalyst for silver is emerging. It didn’t make a lot of headlines, but India’s silver imports have seen a big jump. So big that we need to talk about it, because if this trend continues it could have a sizable impact on the tiny silver market. There’s a chart I want you to see, but first…
    Could Synchronized Stagnation Be Stopped?
Oct 22, 2019 - 12:35:08 PDT
Given the growing risk of stagnation, governments may soon have little choice but to provide further macroeconomic stimulus.
The decision will allow a criminal case against two ex-Deutsche Bank traders, accused of manipulating precious metals futures markets from 2009 to 2011, to move forward.
What does all of this mean for Main Street? Keith has the answer to that question, and a whole lot more...
The world's most powerful policymakers are struggling to alleviate the pain...