Precious metals news

"Nearly seven in 10 (69%) of the Gen X generation -- those born from 1965 to 1980 -- who, 'arguably, are in their most crucial retirement savings years, say that things today are making it harder for them to be able to retire on time. And 65% of baby boomers feel the same way."

"Jeffrey Gundlach, Wall Street's bond king and a well-respected prognosticator on all financial markets, painted a bearish picture of the stock and corporate bond markets, as well as the U.S. economy, on Tuesday."

"Trump told Reuters he needed the flexibility of lower interest rates to support the broader U.S. economy as he fights a growing trade battle against China, and potentially other countries."

"Hong Kong’s monetary base more than doubled since the end of 2009, boosting the Hang Seng Index by roughly the same magnitude from trough to peak and almost tripling property prices."

Declaring itself a "unique non-profit entity", the Fed attempts to promote the narrative that it made no difference at what price they bought bloated, worthless assets, and now makes no difference at what price they sell them. Because they can always just print more currency.

"The sequential rate at which these proposals and bankruptcies are rising make it clear that even the smallest uptick in interest rates is having an immediate and dire effect."

"Sydney’s property market slump has reached a new milestone, with values falling further than the late 1980s when Australia was on the cusp of entering its last recession."

US stock markets took another nosedive last week. Analysts blame the selloff on fears that the arrest of a Chinese businesswoman could derail apparent progress in resolving the trade war between the US and China. But during an interview on RT America, Peter Schiff said that while the arrest of Meng Wanzhou might have sparked the selloff, it wasn't the underlying reason.
This is a bear market. That’s why the market went down. If it wasn’t that, they would have found another excuse. If we were in a bull market, I think the market would have shrugged it off. So, we’re going lower.”
Peter has been saying we're in a bear market for weeks. Technically, the broader markets are not in bear territory. But when you look at individual stocks, the picture isn't so bright. Nearly half of the stocks on the S&P 500 are, in fact, in a bear market. 

Robert Kiyosaki explains why people who hold real money (gold & silver), instead of currency (fiat paper), will reap the rewards many times over...

Gold & silver dropped in price during the stock market crash of 2008. But gold & silver may not drop in price this time. Keith explains why...

The 10-year bond yield rose to 2.886%, while the DX remained stable around 97.40-45. Gold was $1,243 bid at 4PM with a loss of $1.

"Texan hedge fund manager J. Kyle Bass, the founder of Hayman Capital, sees a recession happening in 2020 unless the U.S. puts together a big infrastructure plan."

"The German economy, Europe’s largest, has shifted into a lower gear as Britain’s looming departure from the European Union and trade conflicts sparked by U.S. President Donald Trump’s ‘America First’ policies cause business uncertainty."

Jim says the global financial crisis redux has finally arrived. Jim points to numerous crisis signals, and he breaks down what it means for gold...

"In New Mexico, a household earning the median annual income of $46,744 would take nearly 1.5 years to pay off the state’s average household credit card balance of $8,323."

"Speculative-grade loans, a rare bright spot in the fixed-income world for most of the year, have hit a rough patch, posing challenges for businesses that have relied on the market."

"Oh dear. I don’t envy Mario Draghi right now. But he’s doubled the ECB balance sheet to over 41% of Eurozone GDP since 2014 and he’s kept interest rates at -0.4% since March 16, 2016 and has been advertising an end to QE by the end of 2018."

Nearly 80% of yesterday's gold contracts went to either Goldman Sachs or JP Morgan as Harvey explains in this important update...

"A worrying sign of inversion in the U.S. Treasury bond curve is dulling the appeal of the developed world’s highest-yielding bond market for foreign investors."

"The Fed has announced a series of initiatives, including a monetary-policy review roadshow, a semi-annual assessment of financial stability, and its inaugural Supervision and Regulation Report. These follow Powell’s early promise of 'plain-English' explanations and a doubling of his press conferences."