Precious metals news

Deutsche Bank could spell economic and financial chaos

Trader: I don't See the Dollar Going Higher From Here

Supreme Court just ruled on the states' ability to collect taxes from online sales. Here's what it means for gold & silver buyers in each state...

"Technicals, sentiment, and positioning are important tools, but you need to be aware of the risk of..."

Meanwhile, the ongoing trade war between the world's two largest economies has now claimed another victim - Germany's auto sector.

With no end in sight to the selling trend in Bitcoin, the digital currency could test its 2018 low

Global equity funds experienced a weekly record outflow of $8.1bn, while global emerging-market equity funds had their own record withdrawal of $6bn

Monetary policy should continue to stand ready for downward shocks

The test is not "pass/fail," but coming through the worst-case scenario is seen as a positive.

IMF is likely to revise down its growth forecasts for the euro zone as the area faces higher risks from trade, Britain's talks to leave the bloc and market jitters over fiscal easing in Italy and other states.

The eurozone agrees a long-awaited deal, which pushes back the repayment schedule for Greece's debt.

China has ramped up its anti-American rhetoric, warning US farmers would be the ones who suffer the fallout of a full-blown trade war between the world's two biggest economies

Harvey says it's sure looking like short covering failure by the bankers. Here's the details...

"What's clear is that there is no "physical" involved in these transactions at all. The sheer volume alone makes that obvious. No doubt these..."

The 10-year yield slipped back under 2.90% to reach 2.893%, but the DX had a bounce to 94.84. Gold drifted down to $1267 and was $1267 bid at 4PM with a loss of $2.

Investors seem focused on both the trade wars and the Fed. Here's a look at the effect both of those things could have on gold...

It looks like we're heading toward a full-blown trade war.
As the war continues to escalate. Pres. Trump has levied more tariffs on Chinese imports in retaliation for China's retaliation after the US announced its first round of tariffs. A lot of people seem to think this is bullish for the dollar. In fact, the greenback has surged in recent weeks. But in his latest podcast, Peter Schiff said this is a bunch of nonsense.

The Russians are dumping US Treasuries and buying gold.
As we reported earlier this week, the three largest holders of US Treasuries are not in a buying mood. In fact, they're selling. The Japanese disposed of $12.3 billion in US debt. Meanwhile, Chinese Treasury holdings fell by $5.8 billion. The Federal Reserve has shed about $70 billion in US bonds since launching its tightening program last fall. So far, individual and institutional investors have picked up the slack.
Lost in the latest data about Treasury holdings was the fact that Russia dumped nearly half of its US debt in April. But even as it divests itself from US bonds, Russia's total reserves have grown as the country adds to its gold holdings.

Why is gold and silver used as early money instead of other metals?

Dow peaks are often followed by significant silver rallies. It is for this reason that silver can provide a great opportunity to…