Precious metals news

A lot of gold stock investors want gold stocks to roar higher right now, but nothing happens before its time. Stewart explains...

Tariffs on Chinese goods have been paid almost entirely by U.S. importers, according to the IMF.

New home sales slumped in April, not helped by an 8.8% surge in median home price to $342,200 (the biggest jump since Feb 2018).

"Growth of business activity slowed sharply in May.. Business confidence has meanwhile slumped to its lowest since at least 2012"

Russia once again added to its growing gold reserves in April, buying another 15.55 tons of the yellow metal. According to a press release from the Central Bank of Russia, it now holds 2,183.46 tons of gold.
Russia has expanded its gold holdings by 71.53 tons through the first four months of 2019. Russian gold reserves increased 274.3 tons in 2018, marking the fourth consecutive year of plus-200 ton growth. Meanwhile, the Russians sold off nearly all of its US Treasury holdings. According to Bank of America analysts,  the amount of US dollars in Russian reserves fell from 46% to 22% in 2018.
In an appearance on RT, Peter Schiff said he thinks the Russians are preparing for an impending dollar crisis.

You can either believe unemployment remains at 50 year lows or you may not. 99.99% of history shows it won’t stay there.

Last week we highlighted the rising level of auto loan delinquencies and the growing number of student loan borrowers who can't make their payments. This week, we got some more bad news for lenders. Subprime credit card charge-offs remain at levels reminiscent of the Great Recession.
In the first quarter of this year, credit card charge-off rates at all but the largest 100 banks remained above 7% for the sixth quarter in a row. During the peak of the recession, the charge-off rate at these banks was above 7% for just four quarters, and not consecutively.

Deutsche Bank's chief executive is prepared to make "tough cutbacks", whose future is in doubt after several restructuring...

It is normal to have such fears when the gold price sinks, but the charts are suggesting we are close to bottoming...

One of Wall Street's leading experts on China suggests the window is closing on a trade deal.

Decisions are taken by the unelected heads of the European Commission and the European Central Bank, dubbed “the worst-run Central Bank in the world”.

Economists at some of the biggest financial institutions are growing increasingly pessimistic.

Treasury prices surge on Thursday as nervous investors face signs of economic weakness abroad and the possibility that U.S.-China trade tensions may last longer than anticipated.

China, the largest foreign creditor to the US government with total Treasury holdings in excess of $1.2tn, sold $20bn of securities with a maturity exceeding one year in March

entral banks seem more intent on keeping their currencies steady and stopping money from escaping rather than engaging in devaluations to boost their competitiveness in trade.

China, UK, Italy, Turkey, North Korea, Iran, Hong Kong, Australia and Venezuela: something is about to break.

The United States has escalated trade frictions greatly, and increased chances of a global economic recession.

The U.S. military said it sent two Navy ships through the Taiwan Strait on Wednesday, its latest transit through the sensitive waterway, angering China at a time of tense relations between the world’s two biggest economies.

First of all, let me say that gold price suppression is not just a conspiracy theory. It’s a well-documented phenomenon...

Gold was either side of unchanged last night, trading in a choppy fashion though in a relatively narrow range of $1272.55 - $1277.30. The yellow metal fell to its $1272.55 low during Asian and early European hours...