Precious metals news

...Cutting Rates When We've Got Full Employment and the Dow at 27,000

As Developing Debt Hits All Time High. " Rates go down and borrowing goes up. Once they are built up, debts are hard to pay down with diverting funds from other goals"

So much for the Trump-tariff-driven inflationary surge?

The consumer clearly needs an "insurance" rate-cut...

Silver is not a four-letter word. But these days, “silver” is often preceded by one.Seldom has sentiment surrounding silver been so universally negative. This chart from a dedicated metals analyst, and especially its title, sums up the prevailing view of silver today:So what on Earth IS wrong with silver?

The first of two Congressional hearings this week on Libra will kick off Tuesday. Facebook executive David Marcus will testify before the Senate banking committee at 10 am ET.

Jim says a multi-year rally has emerged, and both metals are going higher, but the nonsense about silver manipulation...

According to Cass, "Freight shipments signal economic contraction".

Last week, we reported that Poland added 100 tons of gold to its reserves through the first half of the year and that it plans to move at least half of that hoard out of London to National Bank of Poland vaults in Warsaw. Although officials haven't said so publicly, Poland's move to repatriate part of its gold holdings indicates that there is perceived risk in keeping the metal stored in London, exacerbated by England's confiscation of Venezuelan gold.
Peter Schiff recently appeared on RT with Rick Sanchez to talk about the subject. And he said the US is an even more dangerous place for other countries to store gold than Great Britain.

Australian chunk of change weighs a metric ton and is worth about $45 million...

Why gold’s breakout is here to stay... The dollar price of gold has been on a roller-coaster ride for the past six years.

This installment covers my views on MMT (Modern Monetary Theory), QE (Quantitative Easing), and the need for a Modern Debt Jubilee.

I was asked if I had any regrets about owning and holding physical gold over the past six years. As you might imagine, my answer was...

Monetary policy around the world near the limits of its power...

Monetary policy around the world near the limits of its power...

Concerns over global trade tensions have caused to be once again focused on how central banks might stimulate the economy.

Just when European banks need to inspire confidence more than ever.

Indonesia’s central bank is likely to begin an easing cycle with a rate cut on Thursday, ahead of an anticipated Federal Reserve reduction of U.S. rates at the end of July

US Treasury Secretary Steve Mnuchin said the Trump administration and congressional leaders are getting closer to a deal to raise the debt ceiling.
Meanwhile, the US budget deficit is has increased by 23.1% year-on-year through the first nine months of fiscal 2019.
Mnuchin wants Congress to go ahead and raise the debt ceiling before the August recess because analysts now think the government will hit its borrowing limit earlier than expected.

U.S. consumer debt is continuing to increase with the main causes being auto loans, credit card debt, student loans, and mortgages.