Precious metals news

Mortgage rates rose on a weekly basis for the second week in a row, potentially threatening to put a damper on home sales just as the real-estate market’s outlook was brightening.

ollateralized loan obligations in Europe are running low on fuel, prompting some investors to seek greater protection that may slow the market even further.

For those hoping that the funding crunch would ease on the third day after the overnight repo rate exploded as high as 10%, we have bad news: it did not.

The Federal Reserve did exactly what the markets expected on Wednesday, cutting interest rates by another 25 basis points.
The central bank sent out mixed signals about what will happen next. Markets widely construed the Fed's messaging as somewhat hawkish. In its policy statement, the Fed said the US economy is growing at a “moderate” rate and the labor market “remains strong. It cut rates, “in light of the implications of global developments for the economic outlook as well as muted inflation pressures.”
In his podcast, Peter Schiff reiterated this was just another step toward zero and said whatever the Fed wants to call its mechanizations, they're going to stink to high heaven.

Central bankers are chasing the wrong target — 2% inflation — with interest-rate policies that have demonstrated little effectiveness for at least the last...

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Bank Indonesia has cut a total of 75bp this year after tightening 175bp in 2018.

Peter Schiff appeared on RT Boom Bust on Tuesday (Sept. 17) to talk about interest rates, gold and the dollar. Peter said the fiat currency system may not survive the next recession.
The conversation started focusing on the repo operations conducted by the Federal Reserve early in the week, Peter said the financial media and Wall Street are being much too complacent about what's going on.

Investors are holding massive amounts of risky debt, the OECD said, pointing to leveraged corporate loans in particular. Another concern is the long-term decline in trend growth could persist.

The New York Federal Reserve Thursday morning completed its third repurchasing operation, or repos, in as many days to stem spikes in crucial overnight funding market for financial institutions.

Powell also said Fed policy is not “pre-set.

Argentina has had the world’s highest interest rates for over a year as it battles runaway inflation amid a currency crisis.

PBOC lowered banks’ reserve requirements on Monday, as global central banks rush to loosen their monetary policy.

The three-year loans -- at a rate that starts at zero and could fall as low as the deposit rate, currently minus 0.5% -- are part of a package of stimulus measures that includes taking negative interest rates further below zero and restarting bond purchases.

With the SNB’s policy rate at minus 0.75%, the finance industry has long complained about the impact on profitability.

While only a small portion of banks’ reserves incur the 0.1% negative rate, the policy introduced in 2016 has driven down interest rates on loans, eating into their lending income.

Central banks have been loosening monetary policy in recent weeks, amid intensifying worries about low inflation and slowing global growth.

Gundlach, said negative rates look like they’re becoming a long-term economic feature rather than a short-term novelty.

Gold firmed last night, climbing in a range of $1489 - $1504. Rebounded after falling through key support at $1495 (up trend line from 5/30 $1275 low) to reach $1484 yesterday afternoon off of the slightly hawkish message from a very divided Fed...

From a trove of Faberge eggs to Nazi-stolen gold dumped in a lake, these supposedly missing stashes have captured the imagination of explorers the world over.