Precious metals news

A couple of weeks ago, the yield on the 10-year Treasury fell below the yield on the 2-year for the first time in 12 years. This inversion of the yield sparked recession fears in the mainstream. But in an interview with Tom Woods on Contra Krugman, former Reagan administration Office of Budget Management Director  David Stockman said this is really a sign of a different problem. He said we're actually in the mother of all bond bubbles.
Stockman said the mainstream is looking the yield curve inversion through the lens of conventional wisdom, but there is nothing conventional about the current financial situation.

The trade war is just one concern of central banks around the world, which have also been cutting interest rates to grapple with a slowing global economy.

A major gold-buying spree by central banks is likely to persist in the coming years, according to Australia & New Zealand Banking Group Ltd., which flagged the potential for further purchases...

Central bankers in Europe and Japan have used negative interest rates to try to boost their economies and lift sagging inflation expectations, but Federal Reserve policymakers have been generally skeptical of doing so in the United States.

Here’s a secret few people know about gold: According to the “Good Delivery” specifications for a 400 ounce gold bar on the London Metal Exchange...

Unlike the 2008 global financial crisis, which was mostly a large negative aggregate demand shock, the next recession is likely to be caused by permanent negative supply shocks from the Sino-American trade and technology war. And trying to undo the damage through never-ending monetary and fiscal stimulus will not be an option.

"Things Will Never Be The Same Again". Is this the beginning of the end?

Nomura macro and quant strategist Masanari Takada is sticking with his bold call for a "Lehman-like" plunge as market sentiment shows no signs of improving.

Zhaojin Mining, one of China’s biggest gold miners, aims to double production of the precious metal as early as 2024 on the back of overseas acquisitions and may look for deals below $500 million, the head of its international arm said.

The People's Bank of China set the midpoint at 7.0810 per dollar — weaker than the previous day's fix, but stronger than the 7.1055 level the market was expecting, according to a Reuters estimate.

America's 'Bond Kings' Embrace Same Strategy, Shun Corporate Debt...

Russian state lender Promsvyazbank has stepped up gold purchases in the market, Deputy Finance Minister Alexei Moiseev said on Tuesday.

"There is a storm of stupidity taking place around the entire world today." Here's what's going on, and what it means for gold...

Are the juniors finally ready to roar?

Markets were roiled last night from Trump’s announcement late Friday afternoon further increasing tariffs on China (tariffs on $250B increased to 30% from 25% on Oct. 1, remaining $300B set to go into effect on Sep 1 will be taxed at 15%, not 10%)...

The United States has become the poster child for why governments and central banks should never, EVER, be granted a monopoly on creating money. Gold has been the ultimate money for approximately 6,000 years and the U.S. government has proved, without a question of doubt, as to why this is so. Gold is not money do to any man-made laws. Gold is money despite man-made laws, and is a product of the voluntary marketplace. Ron Paul has some predictions for gold that you don’t want to miss.

There’s a silver lining that will emerge once the “profoundly shattering recession” finally arrives that Charles Hugh Smith has been warning about for a long...

Unlike paper currencies, gold has a 5,000 year track record of keeping up with inflation

"Quantitative failure may prompt central banks to ease more aggressively, making gold an even more attractive asset to hold."

Gold prices jumped $40 at 8am on Monday morning to an all-time record high price of $2320 per ounce in the local currency, reflecting investor concerns about increasing trade tensions and low returns on bank deposits.