Precious metals news

Before its peak-to-trough ~60% decline in October 1987, few remember that the stock market enjoyed an early year of steady, low-volatility gains that laid a false foundation of unjustified confidence, marketwide.

"In recent months, countries such as Pakistan, Malaysia, Myanmar and Sierra Leone have either canceled or backed away from previously negotiated commitments to the Belt and Road Initiative."

"The government’s program to speed the shift has barely gotten off the ground, officials say, speaking on condition of anonymity because the facts contradict the public line."

"How much gold might the Chinese central bank really be buying each year, beyond the selective and fabricated numbers?"

As gold challenges $1300 amid price-impacting domestic, economic, & political issues, here's an important update you won't want to miss...

The global mine supply from the top silver producing countries may decline more than the industry forecasts.  The leading consultancies reported that global silver production would increase moderately by 1-2% in 2018.  However, the data from several countries and large mining companies suggest that overall world silver production may decline by 2-3+%. For example, the top...

The 10-year yield was steady around 2.75%., the DX improved to 96.05, and gold clawed back to close at $1,292.

"U.S. officials are debating ratcheting back tariffs on Chinese imports as a way to calm markets and give Beijing an incentive to make deeper concessions in a trade battle that has rattled global economies."

“For the first time in my life, I bought gold because it is a good hedge. Supply is shrinking and that is going to have a positive impact on the price.”

If you have studied economics at all, or if you are interested in conservative/libertarian political philosophy, you have probably heard of F.A. Hayek.
Hayek won the Nobel Prize in 1974 and wrote prolifically on both economic and non-economic topics. He's probably best known for his book "A Road to Serfdom."
Tom Woods recently interviewed economist Joseph Salerno about this important figure in economic and political theory.

Popular belief has it that gold prices haven't performed well despite the fundamentals. That's just not the case in these 72 currencies around the world...

"When both the ore grade quality in the ground, and the resultant yields from the mining process are both falling, a strong signal is being given that silver is less abundant and about to get more expensive."

“Once people get over buying cryptos and biotech and cannabis stocks they’re going to start looking at gold again."

The atmospheric rise in open interest occurred both on the COMEX and in London. Here's Harvey to explain this recent huge development...

"The Small Business Administration has stopped approving routine small-business loans, forcing some entrepreneurs to consider costlier sources of cash."

"Get out while you can. Advise selling developed markets into the rally rather than continuing to build positions.”

The deal is seen as positive overall for the metals and mining industry, which has long signaled the need for consolidation. Here's more...

"He warned investors to prepare for 2019 by decreasing exposure to stocks and increasing investment in defensive strategies. 'Trees don't grow to the sky, and I see clouds on the horizon."

"This is a far more bullish move than we saw in dollars. And it says that the breakdown in gold last summer may very well be the false move to get everyone on the wrong side of the trade."

The Federal Reserve bases its monetary policy decisions on where it thinks the economy is heading. The $64,000 question is how does it know? Or to put it another way, what makes us think a panel made up of a few economists and policy wonks can accurately predict the future and then make the "right" decisions?
During an interview on CNBC Squawk Ally, Jim Grant said we shouldn't put this kind of faith in the Fed and that its monetary manipulations have created an environment of tremendous uncertainty.
I think people are too certain about things about which they should not be certain."