Precious metals news

When the third-quarter earnings season kicks off in the coming week, it is likely to expose the trade war's impact on corporate bottom lines.

With consumer confidence measures released a couple of weeks ago, we have observed an interesting divergence between the University of Michigan consumer sentiment index and Conference Board consumer confidence index (top-left chart).

These charts show that the president is tweeting and speaking more than ever.

There may be one hell of a thing taking shape in the market thanks to President Trump and Federal Reserve Chair Jerome Powell.

That is down dramatically from 41% a year ago, but up from the 10% reading in August. It might not seem like a big deal, but in the past four years, the bidding war rate has dropped from August to September, not increased.

“The way we got here this time is way different than the way we got here before.”

The trend of having the most populated state in the U.S. becoming one where the majority of households are renters is on track. California is morphing into a renter’s paradise. This reality isn’t a surprise and we have some sizable generational shifts that are

The Federal Reserve will be continuing its overnight funding operations through at least January 2020 and will buy Treasury bills through the second quarter, the central bank announced Friday.

Sure, Jerome, whatever you say: A $60BN Bill POMO + $75BN in weekly O/N Repo + $70BN (2x$35BN) in weekly Term Repo is clearly "NOT A QE".

What's the likelihood of a dollar devaluation and/or a gold revaluation, especially with US dollar liquidity issues and soaring US debt? 

When I was a kid, we used to play the opposite game. Everything you said had to be the opposite of what you meant. For example, if you were hungry, you'd say, "I'm not hungry." Or if you really liked the song on the radio, you'd say, "This song sucks."
Well, politicians play the opposite game pretty much all the time.

Former Congressman Ron Paul joins "Squawk Box" to discuss the top headlines, including the markets, the Fed, the economy and more.

...real income expectations rose to their most favorable level in two decades

The "plumbing" is still clogged up, and no matter what the Fed does, it refuses to fix itself. 

The Central Bankers are like Peter Pan and the gang - just a little pixel dust and the belief that they can do it - and gosh darn - they can fly.

“This feels very sustainable.” – Federal Reserve Chairman Jerome Powell, October 8, 2019

Higher real yields means lower gold & silver prices. David explains...

Everybody is talking about the possibility of a trade deal.
Well, maybe not everybody. In this episode of the Friday Gold Wrap, host Mike Maharrey rehashes his standard trade war observations and then moves on to bigger news - Jerome Powell's announcement that the Fed is resuming QE. Of course, Powell didn't exactly say that. In fact, he tried to say the opposite in a statement that Mike describes as "word salad." In this episode, Mike breaks down what's going on with the Fed and why it matters a lot more than the possibility of a trade deal. He also covers some important gold-specific news that came out this week.

Buyers of the 18-karat gold card will get access to a premium account that offers zero foreign exchange and transaction fees.

Imports of the poor man’s gold jumped 72% from a year earlier to 543.21 tons in August.