Precious metals news

Trade war fears are escalating as president Trump pledges fresh measures against Chinese imports; Beijing calls it ‘blackmail’ and vows to retaliate

"complaints of gold market manipulation by governments are ridiculous and laughable" Here's what else Doug had to say about gold price suppression...

The 10-year yield hovered around 2.93%, and the DX traded between 94.75 – 94.80. Gold was $1278.50 bid at 4PM with a loss of $1.

At this point, the European Central Bank isn’t nearly as keen on raising interest rates as the Federal Reserve. The ECB announced Thursday it would likely hold its interest rate steady at zero through the summer of 2019.
“We decided to keep the key ECB interest rates unchanged and we expect them to remain at their present levels at least through the summer of 2019 and in any case for as long as necessary,” ECB President Mario Draghi said during a press conference.
As Peter Schiff pointed out in his most recent podcast, nobody expected the dovishness of the ECB and it roiled the markets. But ultimately, he thinks the Europeans will try to fight the wave of inflation that is about to engulf the planet. Meanwhile, the Fed probably won't.

Jerome Powell is like a kid playing with matches and he's dangerously close to starting a fire he isn't going to be able to control.
The Federal Reserve nudged interest rates up again last week. It was the seventh hike since the Fed launched the current tightening cycle in December 2015. The Fed Funds Rate (FFR) currently sits at around 2%. Although this remains historically low, it may already be near the cycle peak. That means we may be close to a major economic downturn, as indicated by analysis by GoldMoney's Alasdair MacLeod recently published at the Mises Wire. 

Lior says gold will rally to $1700. Here's how gold will get there and how long it will take...

This latest hike once again leaves gold set up for a major rally in coming months.

While this last week was brutal for gold traders, it's setting the stage for a gold price boom…

GoldSilver Senior Precious Metals Analyst Jeff Clark invites you to think of gold and silver ownership as more like an insurance policy than, say, a hot stock tip. When insurance policies aren’t doing the one thing they do best, they can be downright boring. And, if you pay undue attention to them, you can easily overthink your strategy, trying to time events and costs.

"A mysterious 'grapefruit-sized' encrustation found at the site off North Carolina’s coast turned out to be a heavily decorated solid gold pocket watch attached to a gold chain."

Isn’t Going to Drown Big Banks but “Shadow Banks”

For Steering The US To Its Next Crisis "...Instead, the politicians will be looking to the central bankers. They will lose the confidence."

So you think you want to be a liquidity analyst? Here's a list of links to get you started. H 41 - Weekly Fed Balance Sheet By tracking this over time you can see the growth or shrinkage of the Fed balance sheet. This is virtually in real time, published 1 day after the close of the weekly statement period.

The reasons to own gold remain as robust as ever.

That is why gold is the only real money. It doesn’t fluctuate, diminish, or devalue. It is a constant. And it’s the one thing you can rely on during economic disaster.

Dave Kranzler says "in just one hour, the total amount of gold allegedly held in Comex vaults was “dumped” in the form a paper derivatives..." Here's more...

Large metals speculators sharply raised their bullish net positions in the Silver futures markets again this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

Last week the Fed announced it intends to hike rates another two times this year, with three more hikes next year. The Fed also announced that it will continue to increase its QT program with the goal of eventually withdrawing $50 billion in liquidity per month, or some $600 billion per year. The market didn’t […]

Tariffs are front and center right now in the markets, and during the 2002 steel tariffs, the steel tariffs were not good for the U.S. markets. The Dow Jones Industrial Average, S&P 500, and the NASDAQ were all down between 20-30% during the 2002 steel tariffs, before recovering, when tariffs ended in December 2003. With […]

Unique in its endurance and rarity, gold has been valuable throughout the history of mankind.