Precious metals news

"Key GOP senators rip Trump's farm bailout: 'America’s farmers don’t want to be paid to lose.'"

"A messy, no-deal Brexit could throw 48 million insurance contracts and £26 trillion ($34 trillion) of derivatives deals into confusion." There's another word for when $34T dollars in debt is owed, but nobody can figure out who owes it to whom. Actually, two words. Financial crisis.

Not too long ago, my wife came home with two big flats of Powerade.
We didn't need Powerade. We had plenty.
And yet I praised her for her shopping prowess. Why? Because she got the stuff dirt cheap and we're going to need more Powerade down the road.
Smart shoppers look for bargains. And right now, gold is a bargain. If you're a smart shopper, you're going to want to take advantage of this.

It's time to get real. This grand economy everybody keeps telling us about is actually a house of cards built out of cheap money and debt. And it won't take much to blow it over.
A recent article by Reuters reveals just how precarious the so-called economic recovery really is. According to the report, the bottom 60% of American income-earners accounted for most of the rise in spending over the past two years even as their finances worsened. The data shows that the rise in median expenditures has outpaced before-tax income for the lower 40% of earners in the five years to mid-2017. In other words, poor and middle-class Americans are driving the US economy by spending more than they earn.

"When is their stranglehold of paper control on the price ever going to break? The answer to that important question gives me tremendous reasons for optimism. In fact, it’s the mirror image of the pessimism that is naturally generated by these prices that do nothing but go down."

In aviation, there is the "$100 Hamburger," wherein a private pilot flies to a nearby airport for a quick bite at an airport restaurant just to have a reason to fly. It ends up costing about $100 after fuel and other associated flight costs. In Venezuela, the "1,400,000 Bolivar Cup of Coffee" is just around the corner. No plane ride included.

Russia used to be a top 10 holder of US treasuries. Now Russia isn't even on the list. Here's a look at Russia's de-dollarization and flight to gold...

As a precious metals investor, it is important to understand the difference between bullion coins and rounds. Not all precious metals investment products are created equally. While bullion’s value changes according to market forces, the price of a 1-ounce gold bar can differ from that of a gold coin or round that weighs the same amount.

Additional consumer credit card debt and overspending by Americans who could least afford either has kept GDP afloat for the past 2 years. As interest rates rise and the debt free-for-all winds down, the strategic cul de sac comes into view. Stagnant wages, maxed out credit, falling personal income? Ladies and gentlemen, your "strong economy."

Just four days after we noted the 10-year yield was bizarrely, almost impossibly static, hitting 45-year volatility lows despite a maelstrom of global economic risk, it has broken out, racing toward the crucial 3% level, at which many are expected to sell risk assets to buy treasuries.

Harvey says he's expecting the crooks to whack gold & silver, not just for the rest of the week, but the rest of the month. Here's why...

One of the less-talked-about long-term bullish factors for gold is that not only can you not create more of it, you can't get to a lot of what does exist without spending a fortune. It's built-in, long-term supply deficit, as it dawns on the industry that getting additional gold above ground is getting cost-prohibitive, fast...until the price rises.

"They. Drew. First. Blood." So said John Rambo, and a similar sentiment may well be echoing through the halls of Party central in Beijing. With the Trump administration stuck as the Fed is in QT mode while raising rates to fight inflation, it may be heading into the "No chance of a currency war" currency war woefully under-armed.

Remember humans? Back when those glitchy, overemotional, unreliable windbags served as market makers, they could make human decisions in real time, stepping into a drastically oversold market, on their own, to buy cheap shares. When liquidity is driven by machines that take all of their cues from what other machines are doing...

Lynette Zang says central banks are loading up on gold, which, and along with silver, can do two things better than any other form of money can...

Egon says that with the record amount of risk around the world, all heck could break loose this fall. Here's why and what it means for gold...

The dollar declined sharply, pushing gold up late last week as Pres. Trump criticized the Federal Reserve's interest rate policy. Trump took aim at the Fed during an interview on CNBC, saying he's "not thrilled" with the central bank's push to raise rates.
Because we go up and every time you go up they want to raise rates again. I don't really — I am not happy about it. But at the same time, I’m letting them do what they feel is best.”
Trump also blasted the European Central Bank and the Bank of China, accusing them of currency manipulation. Trump says the two banks are intentionally weakening their currency to disadvantage the US.
In his latest podcast, Peter Schiff said he thinks the president is saying all of this in order to have a place to put the blame when the economy tanks.

Gold got off to a roaring start in 2018, with the price rising more than 4% during the first quarter. But the yellow metal finished June down the same amount and has continued to fall during July. Despite the weakness in gold over the last couple of months, the World Gold Council says several factors provide some optimism for the rest of the year. In its mid-year outlook report, the WGC pinpointed three primary macro trends that will likely boost gold in the coming months 

Keith says think like a blue pill eater if you want to understand why the gold price fell another ten bucks last week. Here's why...

Borrowing from the well-worn HSBC playbook and doing it one better. Rothschild Bank escapes even the token financial slap on the wrist as it is caught by Swiss authorities and...nothing. 'Cause, you know, they're like, really sorry, and [boilerplate about reviewing internal procedures, "unfortunate oversight", dedication to improvement, blah blah blah].