Precious metals news

The Federal Reserve, once the No. 1 buyer of U.S. debt, has essentially declared it is cutting off support and has begun dumping assets from its balance sheet.

The strong dollar & its deflationary effects in the US, along with ongoing havoc in global trade and emerging economies, will prompt the US Fed to stall in their rate hiking plans

China's yuan has been slipping against the dollar amid fears of a trade dispute, but that's not the only factor moving the currency.

Global trade tensions deepened Thursday with China reiterating it will hit back if the latest tariff threats from Donald Trump materialize, while India followed the European Union in slapping retaliatory levies on U.S. goods.

Jack says it has been an agonizingly long consolidation, but still, gold & silver are a "buy" here. Here's the details...

What do you do if one of your biggest trading partners is embroiled in a trade war and the other faces economic sanctions?
Buy gold.
That's exactly what Kyrgyzstan’s central bank is doing. 

Humans are by nature somewhat myopic. We tend to focus primarily on what is right in front of us and filter out things further removed. As a result, we can sometimes overlook important factors.
As Americans, we generally devote most of our attention on American policy. We follow political maneuverings in Washington D.C., study the Fed's most recent pronouncements and track the US stock markets. But we also need to remember there is a whole wide world out there that can have a major impact on the larger economy and our investment portfolio.
One factor that could potentially rock the world economy that a lot of American may not be aware of is the mess in the European banking system.

The country cut its holdings of Treasuries nearly in half in April as Washington slapped the harshest sanctions to date on a selection of Russian companies and individuals.

Existing Home Sales Slump To Lowest Since Jan

IMF figures show the world is more indebted than during the financial crisis & needs more borrowing to create growth

“It feels like we’re about 12 months away, but we could get into extended innings.”

Ratio of S&P 500 to Gold at its highest level since July 2005

The dollar ticked a tad lower, with the DX hovering either side of 95. Gold retreated to $1272, where support in front of the overnight low at $1271.30 held.

Fed’s Powell suggests friction could alter economic outlook

John Rubino fills in for Jay Taylor . Frequent guest Michael Oliver gives his update on the major financial markets.

Internet search engine volumes show many investors are likely clueless about components contained in various equity indexes. How many of them are also unconscious of the current Baby Boom demographics […]

Parabolic Global Debt Will Collapse Bullion Bank System

Decrease in US debt holdings reduces Russia's dependence on the US dollar. Instead, Moscow is boosting its bullion reserves.

(or G-SIB) With Total Assets 45.3% Of Economy. Its stock price has plummeted since before The Great Recession & never recovered.

Foreign entities fund half the US fiscal deficit, which is set to double