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Precious metals news

...despite all the mainstream media screaming over tariff-driven price surges crushing the consumer - there is no evidence of it at all.
Gold rose on Tuesday, shaking off losses from earlier in the session, while the dollar eased and European stocks fell ahead of minutes from the U.S. Federal Reserve and trade talks between Washington and Beijing.
    4 Reasons the Corporate Pension Is on Its Deathbed
Oct 8, 2019 - 05:18:25 PDT
Taken together, the moves illustrate how corporate America has largely ditched pensions, which are swiftly becoming a thing of the past for active employees who don't work for the government.
Deutsche Bank is just one of many large lenders that have recently announced staff reductions...
Investors and traders looking for the U.S. dollar’s strength to break might be cooling their heels for a while.
The federal budget deficit for 2019 is estimated at $984 billion, a hefty 4.7 percent of gross domestic product (GDP) and the highest since 2012, the Congressional Budget Office (CBO) said on Monday.
The Bank for International Settlements, run by 60 central banks around the world, released a report on Monday endorsing the "fairly effective" unconventional monetary policy tool of negative interest rates.
Sterling fell sharply against the dollar Tuesday morning with several British media outlets reporting that Brexit talks were close to breaking down.
The following article was written by South Carolina state Rep. Stewart Jones. The views expressed do not necessarily reflect those of Peter Schiff or SchiffGold.
The Federal Reserve just lowered interest rates for the second time this year and announced more quantitative easing by injecting even more US dollars into the market. The days of cheap money will soon come to an end, and I fear that many people won’t realize what’s happening until the rug is pulled out from under them.
    Dollar Weakens as Hopes for U.S.-China Trade Deal Fade
Oct 8, 2019 - 04:54:13 PDT
The dollar fell on Tuesday, with the New Zealand dollar leading gains against the U.S. currency, as a rally in Asian equities spilled over into currency markets.
It was billed as the first switch of thousands that British firms would make by end-2021, when the benchmark is set to be decommissioned.
The move by the Trump administration is a complete shock and could derail trade talks later this week. 
    Fed Extends Repos Until Nov 4.
Oct 8, 2019 - 04:49:22 PDT
The Fedwill extend its cash injections into overnight lending markets for at least another month, after pumping in more than $330 billion since mid-September, as banks face a wave of Treasury bond sales this week amid a near-record budget deficit and ongoing concern over the strength of the world's biggest economy.
President Trump’s tweets on trade have had a sometimes-sizable impact on market expectations for Federal Reserve policy, while his posts criticizing the Fed have had little impact, according to a Goldman Sachs Group Inc. analysis...
Many people believe that negative interest rates will never happen in the United States, but that isn't true...
    Gold Traders’ Report - October 7, 2019
Oct 7, 2019 - 13:07:35 PDT
Gold retreats to $1492 fading optimism in US –China trade and technical selling...
Warren Buffett, despite his extraordinary investment success, has a rather famous and long-standing love/hate relationship with precious metals. Maybe it started with his dad– Congressman Howard…
The correction in gold and the gold stocks is underway, and a good thing...
The U.S. economy’s loss of momentum isn’t severe enough to warrant a further reduction to interest rates, two hawkish Federal Reserve board members said.
    EU on Verge of Huge Tactical Brexit Mistake
Oct 7, 2019 - 12:42:55 PDT
For a while it appeared the EU was ready to negotiate with Johnson. Perhaps appearances were deceiving.