Precious metals news

President Trump has reportedly just rejected a waiver of the Jones Act — the law that requires the use of vessels built in the U.S. and owned and crewed by Americans to move cargo between U.S. ports.

Global foreign direct investment flows plunged by another 27% in 2018 — after having already plunged 16% in 2017 — to just $1.1 trillion, the equivalent of 1.3% of global GDP

It’s not between boosting the economy and deleveraging. It’s between current efforts and much worse.

Prices of major commodities are at the low end of their price ranges over the past 10 years. If we take a 20-year historical time horizon, commodity prices would be down even further as many of the commodities peaked in 2007 and 2008.

After a record setting year in 2018, central banks around the world have continued their gold buying frenzy in 2019. Here are the details...

Transitory – After its release yesterday, the FOMC meeting statement was viewed by markets as dovish, noting a concern for the lack of inflation. The S&P rallied strongly (2954) the 10-year yield sank to 2.459%, and the DX tumbled to 97.14.

For at the past ten years, the Fed has refused to acknowledge that there is no recovery. For the past two years, the Fed has been tightening liquidity despite the lack of recovery.

Understand that the next time you hear a politician complaining about the rise in prices of goods and services, there is a high chance they are the reason for that increase.

“You can print money up to a point, but after that point, it could become very dangerous,”

"What kept the market going was looser lending standards, so that was compensating for affordability issues,"

He has no idea what he is doing. Kicking and screaming. Don’t fight the Fed? The Fed always fights…reality.

The likelihood that the central bank will reduce its overnight funds rate briefly fell below 50% for the first time in weeks.

Rates for home loans fell again, overcome by all the same factors that have dogged financial markets for the past decade, including low inflation and unease...

Residential construction spending never fully recovered from the 65% collapse following the peak in February 2006...

Ironically, their ample compensation allows them to avoid the poor-quality services they've designed for everyone below them.

This shows that the Fed’s current framework for monetary policy implementation is not working. It has difficulty keeping the effective federal funds rate close to the midpoint of the target range announced by the FOMC

We had been observing the evolution of the total of Central Bank Monetary Reserves for several years, and noted a peak on August 2, 2014, when these Reserves reached a maximum of the equivalent of $12.032 Trillion dollars, according to Bloomberg.

Here we sit, in May of 2019, with gold at $1270 and silver at $14.60. Time to shift the truck into reverse and back her up?

The Federal Reserve Open Market Committee meeting wrapped up yesterday with Fed policy still in neutral.
As expected, the FOMC left interest rates unchanged and seemed to indicated it doesn't plan to do anything at all in the near-term. Jerome Powell's comments dampened expectations that the central bank might move to cut rates in the coming months.
The committee is comfortable with current policy stance. Don’t see a strong case for a rate move either way."
Most took Powell's comments to be less dovish than expected, but Peter Schiff said he thinks the Fed is a lot more dovish than it admits.

Hobbled by recession and one of the world's highest inflation rates, Argentina may be lurching toward the next in a series of economic crises afflicting the country over the last 70 years. Consumer prices streaked more than 54 percent higher in the 12 months through March in defiance of central