Precious metals news

"I said many times that this immediate bullish set up will now take months to resurrect. I also noted that..."

If you're a corporate exec quietly selling your insider shares into a company buyback and looking to trade up while you sell your seven-figure house, the market is booming. If you're anyone else, not so much. If you're trying to sell a house priced at a quarter-million or less? The market is collapsing.

"The delinquency rate on credit-card loan balances at commercial banks other than the largest 100 – so at the nearly 5,000 smaller banks in the US – rose to 6.2% in the second quarter. This exceeds the peak during the Financial Crisis by a full percentage point and was up from 4.0% a year ago."

"Federal Reserve Chairman Jerome Powell is resolved to keep the central bank independent despite ongoing criticism from Trump, according to Republican Sen. Tim Scott. Scott said he asked Powell 'specifically about the independence of the Fed' and was assured it would not be compromised."

Sentiment in gold is extremely negative, but Adrian says there is a strong case to be made that the recovery could be very sharp. Here's why...

SD Midweek: The stock market may be at fresh, all-time highs, but there's reason to get bullish about gold & silver. Here are the details...

With echoes of Trump accusing both China and Europe of intentionally and directly weakening their currencies just one day ago, Wall Street is waiting for the "no chance of a currency war" administration to realize it's going to lose the trade-now-currency war it started without doing exactly the same thing.

You don't need the biggest Wall St. bank to tell you that an all-time overvalued market now in the latest stages of the longest bull run ever isn't going to continue to defy gravity forever. But they'll tell you anyway.

We're running out of paper to list all the market indicators that say the stock market is due to fall by more than half. This one, which measures stock market valuation vs. the median sale price of a US house, has only hit its current "imminent warning" level 5 times since 1895. The stock market then dropped by 50%+ every one of those times.

As the economy continues to print headline numbers indicating strong inflation and corporate profits, it creates an environment where the Fed pretty much has to keep raising rates. As Trump ramps up his criticism of the "independent" Fed, are Powell's days as Fed chair now numbered?

Russia continues to add to its stack of physical gold, which are the 5th largest gold reserves in the world. Here's more...

Stewart says that a combination of factors in both the West and in the East could together push the gold price higher. Here are the details...

Through the last several presidential administrations, the US has maintained a "strong dollar" policy. As Peter Schiff pointed out in his most recent podcast, it wasn't so much that you could pinpoint the specific tenets of the policy. It was more about the rhetoric that came out of Washington D.C. Everybody talked about the strong dollar being in the national interest.
Having the belief that there was some kind of hidden strong dollar policy helped to create confidence in the dollar. Even periods where the dollar was declining, perhaps it would have declined even more had it not been for the belief that there was some kind of strong dollar policy."
But times have changed. As Peter put it, "It should be pretty obvious that Donald Trump has a weak dollar policy."

Paul Krugman said gold is dead. In fact, "Bitcoin has more utility than gold," according to the popular lefty economist.
Krugman made the comments at ChainXChange, a blockchain artificial intelligence and innovation conference in Las Vegas.

Many investors were caught off-guard with the recent plunge in the metals, but is the worst behind us, or just beginning? Here's some insight...

"The legendary 'First Dollar of the New World,' struck in Mexico City by the Spanish in 1538, sold for $528,000, Aug. 17, at an auction of ancient and world coins. The 8 Reales auctioned is the finest of three known specimens, which made world history when salvaged in the 1990s from the northern Caribbean shipwreck of the 'Golden Fleece."

The Berlin Wall falls and a not-genius plan is hatched to get rid of used-to-be-worth $333 million in defunct, unredeemed East German marks.

Today's confirmation message that the housing market has started to roll over in earnest comes from the bleeding edge of unaffordability: the foreclosure market. For the first time in three years, more homeowners are lapsing into point-of-no-return default on their mortgages.

Total circulation of the $100 bill now accounts for nearly 85% of all US currency in circulation, up from 60% in 1997, and the Fed is continuing to print more. Why? In large part, because the $100 bill is the primary currency of the illegal drug trade, and the majority of those $100s don't find their way back to banks.

David says that it's critical that we get back to basics and get away from the crony capitalism that has engulfed the whole world. Here's why...