Precious metals news

After claiming to be the greatest at just about everything, Donald Trump has finally found an area where he can stake a credible claim. By negotiating a disastrous budget deal with Democrats, the President could become the greatest creator of government debt in the history of the country.
While Trump is selling the two-year deal as a major victory because it increases military spending and removes the possibility of a government shutdown for two years, in reality, the agreement to suspend the debt ceiling and push annual deficits even further above the trillion-dollar mark may only succeed in destroying the Republican Party as we know it.

Problems were also found in six other large banks’ resolution plans, the Fed and Federal Deposit Insurance Corporation revealed in a statement.

For months, as global banks watched their revenue from trading slump, industry leaders have said clients were temporarily taking to the “sidelines” amid unpredictable twists...

The U.S. Treasury Department said it plans to borrow more than twice as much as previously anticipated in the third quarter, assuming lawmakers free up spending by lifting the debt ceiling.

Capital One says a data breach exposed personal information of its customers, including Social Security details and bank account numbers.

Morgan Stanley's Chethan Ahya tells CNBC that he expects the Federal Reserve to cut interest rates by 50 basis points this week because of weak business investment in the United States.

Closer military ties being discussed as US noose tightens around Iranian oil shipping.

Billionaire hedge fund guru Ray Dalio says the American Dream is dead and capitalism in the United States must be fixed or there will be conflict between the rich and the poor.

The ECB made a surprise announcement about a 20 year old gold sales agreement...

As panic in markets start, investors quickly turn from the stock market euphoria of the past to total fear...

Gold moved modestly higher last night, trading in a range of $1417.50 - $1424.30, still retaining its nervous and choppy tone. It rose to its high early during Asian time, where resistance at Friday’s $1425 high capped the advance. The up move was helped by a pullback in the US dollar (DX from 98 to 97.90) and a dip in the US 10-year bond yield (2.076% to 2.058%). Mostly weaker global equities were also a tailwind for gold with the NIKKEI off 0.4%, the SCI off 0.1% (large miss on China’s Industrial profits), European markets ranged from -0.3% to +1.1%, and S&P futures were -0.1%.

The Buffet Indicator, using the flow of funds definition of corporate equity, shows that the stock market is just below the dot.com bubble … and burst.

Total U.S. Credit Market Debt (including Student Loans) which is currently running just a smidgen over $74 Trillion. The last time there was even a hint of deleveraging was during the "Financial Crisis."

Dear Main Street and Wall Street Investor, I’m a pretty nice guy. But you may not think so if what I outline below comes to pass. You see, over the next few years, I’m going to steal cash right out of your brokerage account. It’ll go from your portfolio to mine.It’s not trickery.It’s not even actual “stealing,” of course. That’s because, well, you’re going to give it to me. Willingly. Many of you will even be excited to do so. Here’s how…

A lucky retiree has discovered a massive gold nugget on the outskirts of Ballarat, Victoria. Offers of more than $150,000 poured in for the two-kilo nugget, and the man is out to look for more.

"If The Fed gets this wrong, I think that they think if they make a mistake here, The Fed could be gone..."

And they’re increasingly using debt to do so. Buybacks have exceded free cash flow for the first time since the financial crisis.

In the US alone, it impacts nearly $40 trillion. And there are consequences for the real economy.

The highlight is Wednesday’s decision by the Federal Reserve with markets and economists virtually united in predicting...

Bitcoin and cryptocurrencies have been catapulted back into the public consciousness over recent months, not only because of the soaring bitcoin price but due to interest in bitcoin from some of the world's biggest technology companies, including social media giant Facebook.