Precious metals news

As Venezuela's economy spirals, children are starving, preventable diseases are returning, and money is practically worthless.

If foreign investors remain uninterested and the Fed avoids restarting QE, this situation will become much more obvious...and diverting attention to “penguins on the telly” will do us no good...

The recommended strategy will entail a bet on falling rates and rising gold, as well as against the U.S. dollar...

Macron says in speech on reforming capitalism,The world is going through a profound crisis and could be on the brink of a time of war...

President Donald Trump is again calling for a weaker dollar. That desire may now be lining up with market fundamentals. That means future tweets and other...

China’s lack of transparency in issuing loans, could pose a risk to the world economy, experts say.

This is the system that American taxpayers support with their tax dollars. And barring total economic collapse, it’s here to stay.

The Fed is losing control of [the] Fed Funds Rate at the short end because US deficits are growing as fast as they are.

“Unfortunately, a political and market perfect storm is now on the way and may strike as early as Halloween 2019”...

“People call me a goldbug, and I think, well, what does that make them? A Fed bug,” she says.

The average combined taxpayer burden of the 10 most populous U.S. cities is almost $50,000, including county, state and "off-balance-sheet" government agencies...

The FIG Turned down in early 2018, it was clear to us by last summer that a fresh inflation cycle downturn was at hand.

A worst-case scenario could see a worsening economy resulting in a 30% drop for U.S. stocks, triggering a recession, according to our call of the day. But...

A European payment system set up to circumvent US sanctions on Iran will be ready soon, according to German Foreign Minister Heiko Maas.
This is yet another move in a global effort to minimize dependence on the US dollar.

After overcoming significant political and economic headwinds during the past decade, the US economy now appears to have undergone its longest sustained expansion in history. Yet, behind the data showing historically low unemployment and long-awaited wage growth lie vulnerabilities that cannot be ignored.

Consumer Prices rose less than expected in May, slowing to +1.8% YoY (the same as headline PPI), both back below the Fed's 'mandated' level of 2.0% for the first time since June 2017.

The following is a market update as it related to precious metals prepared by SchiffGold intern commodities analyst Jason Mezhibovsky and SchiffGold News managing editor Mike Maharrey.
Equities Overdone
Most mainstream analysts believe we remain in the midst of the longest bull market in history. If you consider the post-crisis S&P 500 low of March 9, 2009, as the beginning of this bull run, then it's well over a decade long.
Peter Schiff believes the bull market actually ended last fall. He predicted that the December rate hike would be the last. Turns out he was correct in that prediction.

Reinforcing worries about cooling growth in the world’s second-largest economy, while a surge in food prices could add to consumer grievances about living costs.

Consumer price inflation was expected to have increased at a pace of 1.9% in May, slower than in April and below the Federal Reserve's 2% target.

The European Central Bank could intensify stimulus if the euro area shows more signs of weakness...