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Precious metals news

    Atlanta Fed GDP NOW Q2 GDP Forecast Rises To 4.8%
Jun 4, 2018 - 07:06:23 PDT
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2018 is 4.8 percent on June 1, up from 4.7 percent on May 31. The nowcasts for second-quarter real consumer spending growth and second-quarter real private fixed…
"The pace of gold accumulation by the state is no longer satisfactory..." Here's what the Russians are doing about it...
    Steve Miller: Gold Market Update
Jun 4, 2018 - 06:52:06 PDT
Professional Trader Steve Miller shows us his cycle projects for the next move in gold & suggests we are not far off from a big move up
Venezuela's central bank in April paid $172 million to U.S. bank Citigroup to recover part of the gold it had put up as guarantee in a swap operation, according to two sources familiar with the situation.
SD Outlook: It's actually looking pretty good for gold & silver this week. Here's the details...
U.S. hedge fund Paulson & Co, led by long-time gold bull John Paulson, is set to name a group of investors that will work together to try to drive changes and better returns from gold mining companies after years of dismal industry performance, according to people familiar with the situation.
    Ron Paul Discusses the Destructiveness of Tariffs
Jun 4, 2018 - 05:29:47 PDT
Tariffs are taxes on Americans for the benefit of a tiny group of politically-connected corporations.
    Venezuela's Inflation Breaches 25,000%
Jun 4, 2018 - 05:17:03 PDT
On May 30th, I accurately measured Venezuela’s annual inflation rate, and for the first time, it breached 25,000%, and today, May 31st, it sits at 27,364%.
    U.S. and China Trade Talks End With Threat
Jun 4, 2018 - 05:05:37 PDT
Relations may worsen if a high-ranking U.S. official attends the June 12 launch of the American Institute in Taiwan's new office.
China's debt crackdown is a key risk to the country's economic growth and will have significant knock-on effects for the global economy, particularly emerging markets with high commodity dependence or close Chinese trade links, Fitch Ratings said.
    Trump and Allies Set for Showdown Over Trade
Jun 4, 2018 - 04:53:54 PDT
President Donald Trump is headed for a showdown with America’s allies at a Group of Seven summit this week in Quebec, with the European Union and Canada threatening retaliatory measures unless he reverses course on new steel and aluminum levies.
Digging for what likely is just iron pyrite (fool's gold), thousands near this South African town ignore police & barbed wire to dig for "gold"...
Jim says the international community will soon label the COMEX a "corrupt arena that has no gold". Here's why...
"At some point, when these governments are forced to show the truth, gold will be reset much higher...." Here's why...
"they're trying to get that Goldilocks scenario right now". Here's what it means for gold & silver...
The reality is we are facing economic disaster, and gold understands this, which is why we should all pay attention too. Here's more...
SD Friday Wrap: We knew it would be rough, so let's do some triage. It may look bad, but here's why this week is really just a flesh wound...
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on iTunes.
Here's a question for you. What do you dip gold chicken wings into?
No. I don't mean golden-fried chicken wings. I mean gold chicken wings - as in literally coated in gold.
Yes. That's a thing.
Investors spend a lot of time mulling over predictions and prognostications made by various mainstream analysts, economists and talking heads on TV news shows. As it turns out, you might be better off listening to monkeys.
As Jim Rickards put it, financial news TV is one big "prediction engine." CNBC features as many as 120 guests in a single day. And most of those pundits are forecasting. They predict stock prices, interest rates, unemployment, bond prices, and on and on.
So, just how accurate are all of these predictions?