Precious metals news

...US manufacturing output contracted 0.5% MoM in September (worse than the 0.3% decline expected), likely depressed by an autoworkers’ strike at GM, sluggish global demand, and the trade war.

Why are banks so scared of lending money to each other - now that JPM's previously discussed reticence is also spreading to smaller banks - and choose to park their money with the Fed instead?  What do they know that we don't.

Chris says the money flows into gold are a warning, and something much larger than an a US equities bear market could be at play...

The report reflects some cooling as starts pull back from the best pace since 2007 the prior month.

Chancellor Angela Merkel’s government cut its 2020 growth forecast as Europe’s biggest economy expects the pinch from waning global demand...

The Telegraph: The world’s financial system is more stretched, unstable, and dangerous than it was on the eve of the Lehman crisis.

According to some analysts the trade war is a distraction from what's actually going on, which is a U.S. Dollar shortage globally.

India’s Finance Minister warned about a repeat of the 2008 financial crisis in the face of a global economic slowdown, saying that governments had yet to find a synchronized “planned” response to a pullback in major economies.

We have yet another reason to be concerned about the direction of the US economy.
Earlier this month, we reported that the ISM index of national factory activity for September came in under 50 for the second month in a row. This indicates that manufacturing is contracting. The September ISM nonmanufacturing index wasn't a whole lot better. It charted at 52.6%, down from August’s reading of 56.4%. It was the lowest reading in three years. The mainstream pundits warned that the disappointing service sector data could boost recession fears as this is the largest component of the US economy.
Yesterday we got the retail numbers for September and they were equally bleak.

Central banks around the world are increasingly lowering rates, or moving to negative rates, and analysts warn this could damage the global economy.

Depending on economic data and developments in trade talks, the pause could happen at, or more likely, after the Oct. 29-30 meeting.

The dollar held near a one-month low against its rivals on Thursday as weak data...

Some analysts blame the currency’s recent weakness on global trade jitters, while others said the speed and magnitude of the drop were hard to explain.

Since the beginning of the trade war between China and the U.S., most economists have warned that rising protectionism would trigger an economic slowdown. A few years into this conflict, the evidence suggests that a deceleration is indeed taking place.This week, the International

he British pound has jumped on news of a Brexit deal. Sterling climbed more than 1% to 1.29 against the dollar as the news emerged

The DUP has said it will not vote for the deal, potentially scuppering it.

Are there any reasons for backing a currency with gold? Lynette Zang has the answer to that, and a whole lot more...

Lacy Hunt at Hoisington Management has another sterling post in its third quarter review and outlook.

Geopolitical news, including Brexit and trade conflict between the U.S. and other countries, have continued to cast clouds.

We are eating our seed corn while borrowing profligately from the future to create an illusion of growth--an illusion that requires ever greater levels of intervention / manipulation and propaganda.