Precious metals news

"The latest Philly Fed print was an absolute shocker, as the regional manufacturing Business Index collapsed from 17.0 to -4.1, the first negative and the lowest print since May 2016 and the biggest drop in point terms since the US downgrade in August 2011."

"Investors are buying gold again as concerns about a slowing global economy are putting a premium on safer investments. The price of the precious metal is up 14% since August."

"Existing home sales dropped 1.2 percent to a seasonally adjusted annual rate of 4.94 million units last month. That was the lowest level since November 2015 and well below analysts' expectations of a rate of 5.0 million units."

Harvey says the total amount of paper gold that has been supplied on the COMEX is atmospheric in size. Here are the details...

"Every economic cycle is different and there’s always an imbalance somewhere. What’s going to happen? I don’t know, but I’m not going to be long it, that’s for damn sure.”

"Holiday spending, rising student loan balances and a jump in automobile financing at the end of last year helped American debt hit a new high."

From a sharply devalued "3rd world" US dollar, to the cashless society, this one has it all, including what's the next phase and the coming monetary reset...

Was Ben Bernanke lying or just wildly mistaken when he claimed the Federal Reserve wasn't monetizing the debt in the early days of the financial crisis?
The Fed released the minutes from its January Federal Open Market Committee meeting yesterday. There really weren't any surprises. The minutes emphasized the central bank will exercise "patience" in raising rates and also signaled that its balance sheet reduction program will end soon. A number of figures at the Fed have hinted that quantitative tightening will end in the near future, including Federal Reserve Governor Lael Brainard and Cleveland Fed President Loretta Mester.

Analysts expect continued strong investment demand for gold in China this year.
According to Xinhua News, gold as an investment will likely "glitter" in 2019 and gold jewelry sales are expected to get a boost in the Chinese lunar Year of the Pig. It also appears the People's Bank of China is on a buying spree.
China ranks as the world's top gold consumer.

Chris is looking for $1360 to act as a price ceiling for gold over the next few weeks, and we could even see price fall back below $1300. Here's an […]

In times of economic uncertainty such as these, what are some things that can be done to make sure that your gold is, well, your gold? Here's some insight...

The unemployment rate has been a perfect forecaster of recession, and it appears to be edging closer to triggering that signal.

The Hunt Brothers contributed to silver’s rise, but were only one of numerous catalysts. We should look at silver’s fundamentals to make any kind of price projection, rather than some one-off event. And that’s good news; since the fundamentals are very positive, it means we can again see a 1970s type gain in the price.

Harry Dent says you're being fed a very dangerous lie about gold. He says gold is not a safe haven asset, and gold's price is about to collapse. Here's why...

They cooked-up a scheme of digital gold & silver alchemy, and it is going to collapse. What's the scheme? Why will it collapse? When? Here's Craig...

One of them is wrong, and something big is about to happen to both gold and the US stock market, but one of them won't like it...

Thirty-five percent of Americans name the government as the greatest problem facing the U.S., the highest percentage Gallup has recorded for this concern.

Gold is money. Gold has been money for thousands of years. And one of the reasons gold is money is because it's immutable.

The Fed abandoned their entire QT, rate-raise thesis in the blink of an eye as Powell caved to pressure to prop up the stock market. So should you pay any attention to NY Fed Pres. John Williams' current bloviations? No.