Precious metals news

Also notes that when the capital outflows do happen, it could be a prelude to capital controls & further ratings action.

S&P reduced the rating by one notch to BBB+, the third-lowest investment grade, citing “significant execution risk”

Debt Will Grow Significantly Over the Long Term

St. Louis Fed President and CEO James Bullard discusses the flattening yield curve and why he's concerned about it.

It’s the first time since Spain returned to democracy in 1978 that a prime minister has been ousted

"The earth’s easy-to-find gold has already been found and mined. There will not be another California Gold Rush." Here's why...

 "I thought, “gold is important to him” and I still think it’s every bit as important to Fed people now because..."

Dave Kranzler says, "the constant price-capping of the sector by official entities has destroyed investor sentiment...but the good news is that..."

Climbing interest rates are putting the squeeze on the mortgage refi market. Applications to refinance home mortgages fell 5% last week, dropping to an 18-year low.
According to CNBC, mortgage application volume was nearly 27% lower than a year ago when rates were lower. The refinance share of total mortgage application volume fell to its lowest level since August 2008, at just 35.3%.
As Peter Schiff pointed out in a recent podcast, this is a bad sign for the broader economy. With rising rates, US consumers will no longer have the option of using their house as an ATM.

Are we in the early stages of a gold bull market? Incrementum thinks so and offers three key reasons for this assessment in its most recent In Gold We Trust Report.
At the moment we are at the turning point towards a gold bull market. The macroeconomic and geopolitical factors support this tendency. One of the things we notice across the bull markets of the past 50 years is that, even in its weakest period of increase, gold gained more than 70%. This record supports our optimism for future developments. From our point of view, stronger inflation tendencies or the abandoning of the rate-hike cycle in the US could trigger an increase in momentum of the gold price. We regard these scenarios as realistic."

Gold retreated back to $1299, and traded narrowly between $1299 - $1301. The yellow metal was $1299 bid at 4PM with a loss of $3.

Three turns of the tide are the focus of this year’s edition of the ‘In Gold we Trust' report. Check out those turnings right here...

Back in September 2016, when its stock was imploding over capitalization and solvency concerns, the market was transfixed with the daily drop in Deutsche Bank stock price

Freeland said Canada plans to slap dollar-for-dollar tariffs on the U.S. The Nafta partner's proposed import taxes would also cover whiskey, orange juice and other food products alongside the steel and aluminum tariffs.

Once they are untethered from a mechanism of forced restraint (e.g. gold), fiat currencies are doomed, reliant as they are upon the whims and wills of men.

"In the ten years since 2008, central banks have increased their gold reserves by about 3,000 tons – or 10%."

Putting pressure on governments that have largely failed to pay down their debts

"a rally to 1360 or higher in Gold within the next three weeks is based not on hope, but data." Here's the details...

The EU will introduce swift counter-balancing measures to steel and aluminum tariffs imposed by the US, according to the President of the European Commission Jean-Claude Juncker.

What do we all have to fear from a collapse of Deutsche Bank? A shorter list would count what we don’t have to fear from a collapse of Deutsche Bank. Now comes news that DB has had to run decision-making through the Fed for at least the past year. A process that, until now and despite being a publicly traded company using the capital of untold numbers of investors, has been shrouded in total secrecy.