Precious metals news

Jim Rickards says reset is underway. The value of everything in the world (capital, labor, goods, currency) will change. Here's the details...

SchiffGold’s It’s Your Dime features “straight talk” interviews with movers and shakers in the world of precious metals, investing and economics.
In this episode, host Mike Maharrey talks with Dan Kruz, the man behind DK Analytics.

A 1980s era Far Side cartoon featured a veterinary student named Doreen studying equine medicine in Chapter 9 of her textbook. On the left-hand side of the page was a list of horse ailments. They included things like a broken leg, infected eye, runny nose, and a fever to name just a few. On the right-hand side of the page, the treatment for each ailment was “Shoot.” The caption read, “Like most veterinarian students, Doreen breezed through Chapter 9.”
Ben Bernanke, Milton Friedman and the Ivy League economics departments that all regurgitate the same theory on the Great Depression pretty much treat the economy as simple-mindedly as Doreen’s textbook treated equine medicine.

"...decidedly similar to this time last year—a period that was followed by a $150 rally in COMEX gold..."

A farmer from County Donegal has discovered gold artefacts believed to be thousands of years old.

The probability of an upwards re-pricing of the precious metals is rising, & Both gold & silver are quite over-sold right now, technically-speaking. With technical & fundamental indicators flashing green simultaneously like this, now is an advantageous time to consider increasing your PM exposure (I did so myself yesterday).

The Wilshire 5000 stock index to nominal GDP ratio is now at an all-time high.

Companies announced $433.6 billion in share repurchases during the period, nearly doubling the previous record of $242.1 billion in the first quarter. At the same time, investors dumped $23.7 billion in stock market-focused funds in June, also a new record.

A full-scale trade war would likely be as devastating for the world economy as the 2008-2009 recession, warned France's Council of Economic Advisors, a body which gives input to the country's prime minister.

This article details twelve global debt sectors where there’s lax credit standards & increasing risk levels, pointing to global credit being late cycle with limited upside left beyond carry.

White House is pressuring Fed to ease on the rate hikes & not worry too much about inflation! We haven't seen this since Nixon administration.

Manhattan real estate had its worst second quarter since the financial crisis, with prices and sales dropping and inventory rising, according to a new report.

U.S. households are feeling the pinch and are expected to have around $440 less disposable income as higher gasoline prices are offsetting part of the tax cuts from earlier this year

US stock indexes are significantly overvalued, which suggests cautious expectations on investment returns. In a "normal" market environment -- one with conventional business cycles, Federal Reserve policy, interest rates & inflation..

The US Treasury yield curve is slowly headed towards inversion (10Y-2Y slope declines below 0 basis points). The NY Fed's 10-year term premium remains in negative territory. It won't be an easy ride going forward.

For the Fed to run a contractionary monetary policy because it needs to solve an inflation problem....

See Marshall being interviewed on the coming global economic collapse (One Spoiler Alert: $5,000 U.S. fiat dollars will be worth only $.50)...

Gold prices recovered from a nearly seven-month low on Tuesday as dollar eased and Asian shares sank amid heightening trade friction between the United States and major economies.

"Borrowing cash to settle claims has become increasingly expensive, thanks to the Fed's efforts to remove monetary accommodation and tighten financial conditions."

The new Italian government will increase public spending and public debt. It promised to reduce taxes, introduce basic security and reform pensions. [...]