Precious metals news

As of the beginning of June, our proprietary inflation signal has reached the maximum “RISING INFLATION” dynamic.

The central bank did not provide an explanation for the changed figure. The total amount of gold it held at end-May remained unchanged at 59.240 million fine troy ounces in the central bank’s revised statement on Friday.

Suki Cooper, a precious metals analyst at Standard Chartered Bank, talks about gold prices. She speaks with David Ingles and Haidi Lun on "Bloomberg Markets: Asia." (Source: Bloomberg)

The nation’s fiscal outlook looks ever bleaker

In this Insider update, Mike shares his latest investment decision.

Harvey says that gold is going to get whacked all day long, until the market closes. Here's why...

The International Monetary Fund issued a stark warning on the future health of the global economy, saying major cracks were now “closer” than it had anticipated and that growth will soon “fade”.

Bullard, Bostic say businesses are increasingly worried

Argentina’s debut century bond is celebrating its first anniversary with record-high yields as a slump in the peso threatens to push the economy into recession. Still, just another 99 years to go.

The global flattening continues as the ECB remains stuck between a rock & a hard place

The Fed also placed conditions on three banks that passed the annual test.

Regulators cleared most of the biggest U.S. banks to return billions of dollars to shareholders but limited the ability of Goldman Sachs and Morgan Stanley to boost shareholder payouts.

The DX came off to 95.30, and gold ticked up to $1248.50 – unable to recapture the $1250 level. It was $1248 bid at 4PM with a loss of $4.

The turnaround in gold is overdue, but now we're getting signals of when the turn might finally happen. Here's the details...

Peter Schiff talked politics in his latest podcast and raised a sobering question: Could the US be on the path toward a socialist administration?
Peter noted that we are long overdue for a recession. There are plenty of signs a major economic downturn could be lurking right around the corner, including stock market weakness. And as we reported today, US Treasury yield curves are flattening. The average global yield curve has inverted. Inverting yield curves are a strong predictor of recession.
This is bad news for President Trump, who has taken credit for the "great" economy and strong stock market. Peter said the president has set himself up as the fall-guy when the crash happens. Meanwhile, the Democratic Party is drifting further left. 

The economy is strong!
Or so the mainstream financial talking heads tell use every day.
Meanwhile, one of the best predictors of a looming inflation is flashing red.
The yield curve between the two and 10-year Treasuries narrowed to around 34 basis points this week. That's the lowest level since 2007 - right before the financial crisis. Even more troubling, the global yield curve has inverted for the first time since 2007.

Federal Reserve officials are trying to figure out whether they will need to raise interest rates high enough to slow U.S. economic growth in the coming years, or if they can stop before the higher borrowing costs start to bite, Minneapolis Fed President Neel Kashkari said.

Crash in stocks could create a dangerous situation in which central banks have to liquidate their portfolios, with consequences that are hard to predict.

The Bank of England warns EU officials that new rules must be devised for banks

Bob Moriarty admits there's a certain amount of ‘voodoo' in looking for bottoms based on the moon, but here's why the moon may in fact matter...