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Precious metals news

    Europe Comes Apart, And That’s Before #4
May 29, 2019 - 10:49:21 PDT
Small wonder Europe is coming apart. Those in charge, the political class has nothing but the highest grades for their stewardship...
    Bond Traders Start Panic Buying in New Yield Order
May 29, 2019 - 10:25:53 PDT
The huge increase in global debt over the past decade has most likely capped how high U.S. yields can climb before causing serious damage to U.S. companies and the economy
Banks reported a record increase in sour credit-card debt in the first quarter and a surge in past due commercial and industrial loans.
    Vladimir Putin to Roll out Red Carpet for Xi Jinping
May 29, 2019 - 10:09:15 PDT
Russia and China seek to move closer in face of growing US mistrust.
Not everyone is experiencing the benefits of record-low unemployment and a decade-long bull market.
    Forget Trump’s Tax Cuts. Increases Are on the Horizon
May 29, 2019 - 08:24:54 PDT
Lower cash flow will most likely mean less investment down the road and lower profits for companies, as well as some slowdown in economic activity...
    Most Americans Have Financial Regrets
May 29, 2019 - 08:14:46 PDT
But some don’t intend to do anything about it. More than a quarter of respondents said they wished they started saving for retirement sooner.
    The Welfare State is Tearing Sweden Apart
May 29, 2019 - 08:09:00 PDT
These dynamics are playing out with full force in Sweden today, and it is heartbreaking to watch.
The underemployment rate for recent college grads is 41.3% for workers aged 22 to 27 – higher today than it was in the early 2000s.
The financial crisis didn’t help, with the 2008 stock market crash battering the pension fund.
Long-term government debt yields fell further below rates on short-term notes and bills during Wednesday’s session, an unusual bond market phenomenon...
The following is a market update as it related to precious metals prepared by SchiffGold intern commodities analyst Jason Mezhibovsky.
Silver/Gold Ratio Continues to Diverge
The silver/gold ratio continues to diverge, favoring silver as relatively cheap compared to gold at the moment. This presents an attractive opportunity for silver. The white metal could benefit, along with gold, as a “safe haven” asset in a weakening economy with plenty of uncertainty surrounding the trade war and Brexit.
Make no mistake, the Treasury yield curve really is flashing recession angst -- and the trade war is merely a sideshow.
Russia is considering creating a gold-backed cryptocurrency to build an alternative international payment system as the country continues to seek a path toward de-dollarization.
According to the Russian news agency TASS, Governor of the Bank of Russia Elvira Nabiullina said the bank would consider a proposal for a gold-backed cryptocurrency at the request of the State Duma (the lower house of the Federal Assembly) even though the bank would prefer to advance payments in national currencies.
    Surefire Recession Signal in Pictures
May 29, 2019 - 05:03:26 PDT
The strength of inversions widened today. That's a strong recession warning, but it is not the actual recession signal.
    NorthmanTrader: The Dawning
May 29, 2019 - 05:01:45 PDT
The dawning may have begun, the realization that growth again has been overstated. Be it a China deal that’s dragging on with no clear path to resolution, and/or economic data that keeps disa…
    China Gears Up to Weaponize Rare Earths in Trade War
May 29, 2019 - 04:53:24 PDT
Beijing is gearing up to use its dominance of rare earths to hit back in its deepening trade war with Washington.
Beijing’s threat to use its dominance of rare earths in the trade war risks serious disruption to U.S. industry, by starving manufacturers of components...
Growing uncertainty about global economic growth could lead to "bouts of high volatility" in financial markets, the ECB warned.
China hopes that the United States will not conduct unilateral assessments of other countries’ currency rates...