Precious metals news

"The Bank said uncertainty over the UK's departure from the EU had 'intensified considerably' over the past month. It said the economy was likely to grow by 0.2% in the final quarter of 2018, down from an earlier forecast of 0.3%. That follows growth of 0.6% in the previous quarter."

"Bank of Japan Governor Haruhiko Kuroda warned of heightening risks to the economic outlook and signaled the central bank’s readiness to ramp up stimulus if needed, brushing aside concerns it lacks policy ammunition to stave off another recession."

There are many reasons to be optimistic for higher gold & silver prices, but Craig explains how the banks are already preparing to fight us at every step...

"Any meaningful systemic reform threatens an entrenched, self-serving interest/elite which has a tremendous incentive to squash, co-opt or water down any reform that threatens their monopoly, benefits, etc."

"About 80 feet below Wall Street lies about 6,350 tons of gold worth hundreds of billions of dollars. We took a look at the world's biggest gold vault."

Many investors were hoping against hope that the Fed would put a floor under the stock market. Billionaire hedge fund manager David Tepper says that hope is now, officially, dead.

"The story of 1MDB has it all: missing billions, Hollywood celebrities, and high-flying investment bankers. A scandal involving Malaysia's state-owned investment fund has become one of the most notorious alleged frauds of all time."

"On Tuesday, Russian President Vladimir Putin quietly signed an arcane bill that will alter the appearance of many of the country’s streets and erase one of the few remaining symbols of the economic freedom the country discovered when the Soviet Union fell apart."

“As rates rise, it only gets more expensive and takes more time to pay off that debt. That means big trouble for Americans who are already loaded down with debt and struggling to make it from paycheck to paycheck.”

"Sales of existing homes — including single-family houses, townhouses, condos, and co-ops — in November, dropped 7.0% from November last year, to a seasonally adjusted annual rate (SAAR) of 5.32 million homes."

"The Fed is so far behind the curve they are too late. But the choices are pop the bubble sooner or later. There is no longer a 'don't pop the bubble option.' That said, the sooner the bubble breaks the better."

China and Japan dumped more US Treasuries in October, even as the federal government continued to run up its debt.
Chinese holdings of US Treasuries dropped for the fifth straight month, sinking to the lowest level since May 2017, according to data recently released by the Treasury Department. The total amount of US debt held by China fell from $1.15 trillion to 1.14 trillion. Over the past year, the Chinese have shed $50 billion in US debt.

Traders appear to be excited about gold again, and in 2019, gold is poised to take the bull-market baton from the dollar and from stocks. Here's more...

Bill Murphy says problems in the market have to do with the market rigging. What happens after the rigging can no longer go on? Here's Bill to explain...

The US stock market continues to implode. At the same time, precious metals are acting as superb safe havens. Here's Stewart with the details...

There is no better way to describe what is currently taking place in the U.S. Shale Oil Industry, then a bloodbath.  Unfortunately, if the situation wasn't bad enough for the shale oil industry when prices were 30-40% higher, today it's a complete disaster.   While some might think that a bit of an overstatement, I can assure...

Gold & silver's "reaction" was to drop when the news hit the tape. Here's an update, the live press conference, and why any weakness here is a gift...

Peter says there's a lot of noise out there, but when economic reality surprises everyone, gold will go on its next leg higher to $10,000 or more in price... 

The mainstream is starting to get a little bit nervous. As we reported yesterday, a CNBC interview with DoubleLine Capital founder Jeffrey Gundlach got the mainstream talking about the possibility of a bear market. There is also increasing concern about a looming recession. In a recent New York Times survey, almost half of the 134 CEOs polled said they thought the country could be in a recession by the end of the year.
Peter Schiff has been warning about a recession for months. In October, he said the recession that's coming is going to be brutal. On Monday, Peter appeared on Fox Business with Lisa Kennedy to talk about the coming crisis and its political ramifications.

SD Midweek: Today could play out in 1 of 4 ways, ranging from "meh" for gold & silver to "good" and even "great" for gold & silver. Here are the […]