Precious metals news

JPMorgan Chase & Co on Thursday cut its estimates of where the U.S. Federal Reserve will leave interest rates over the next two years, with just one hike this year and another in 2020.

Most basic consumption including rent, food and medical care are all getting more expensive.

Politicians promise lots of stuff. Delivering on those promises - that's a different matter. But when it comes to pledging to do this or that, politicians are masters.
Now, most of the time they keep things pretty vague. After all, you don't want to commit to anything quantifiable. If you did that, voters could actually hold you accountable. So they promise things like, "I'll create jobs," or "I'll improve our infrastructure." At the end of the day, you have no idea whether they actually did that or not. (Odds are, they didn't.)
But one political party in India decided that when it comes to campaign promises, it's "go big or go home." So, it's going big!

The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on iTunes.

When you can't beat the vampire squid trading stocks, and nobody can. join it in buying gold.

Egon says the US will never get its gold back, and when $1350 is crossed (3 months max), there WILL BE a PANIC and PERMANENT SHORTAGES...

"There are even more Americans behind on their auto payments today than during the financial crisis era."

Ronni Stoeferle says that we are in a perfect storm for gold, and his gold price target of $1500/oz could easily be hit this year. Here's why...

US stocks turned back down (S&P finished -7 to 2746 ), while the US 10-year yield continued to hover around 2.66%. The DX edged up to 97.05, and gold was $1,312 bid at 4PM with a gain of $5.

"This short delay helps level the playing field by giving all traders who have placed a resting order additional time to react to price changes in related markets."

"...no one was calling for a recession in early 2000, or 2007, either. By the time the data is adjusted, and the eventual recession is revealed, it won’t matter as the damage will have already been done."

Brainard says balance sheet runoff should end this year.

The U.S. economy's estimated growth rate in the fourth quarter was slashed to 1.5% from 2.7% by the Atlanta Federal Reserve after declines in retail sales and inventories.

With German growth stalling, the ECB is likely put off plans to normalize policy and is more likely to provide additional stimulus...

The U.K. economy is "looking quite bad on all fronts."

"In my view, that balance-sheet normalization process probably should come to an end later this year."

When America sneezes, the world catches cold, the saying goes. Now Goldman Sachs Group Inc. economists are asking whether the reverse also holds true.

That is the biggest MoM drop in retail sales since 2009 for the headline and the biggest drop in the control group since the 9/11 attacks in 2001!...

And most of it isn’t even from student loans. Americans overall are twice as likely to rack up debt as to accumulate personal savings.

It shows that it’s all very well for central bankers to lower interest rates, inflate asset prices and dispel unemployment by conjuring up limitless quantities of money, but it’s no easy matter to return to normalcy.