Precious metals news

The markets are about €0.53 away from having a Jackie Moon moment when Deutsche Bank’s stock becomes a single digit midget.

The Wall Street firm now expects its commodity index to gain 8%, not 5%, over the next 12 months.

Rising US Treasury bonds & a strengthening dollar are pressuring emerging markets &disrupting the synchronized global growth story of the last year.

People often get frustrated when the price of gold doesn't go up, but David explains why owning gold is much more than just a matter of price...

Secretary of State Mike Pompano recently announced the US will impose the "strongest sanctions in history" on Iran. This follows Trump's decision to pull the US out of a nuclear deal agreed to during the Obama administration.
Sanctions will certainly put significant economic pressure in Iran, but the country may be able to weather the storm using gold - and this could help push the price of the yellow metal up.

The Federal Open Market Committee released the minutes from its May meeting yesterday. Most analysts characterized the Fed minutes as more "dovish" than expected. The FOMC hinted that it will continue its gradual pace of raising interest rates, with a June increase likely. But it did not give any indication that it might push rates up faster. The minutes also reiterate that the Fed may allow inflation to creep above the much ballyhooed 2% target.
Peter Schiff talked about the FOMC minutes in his latest podcast. He said they were pretty much what he expected, but he thinks the Fed is actually more dovish than the minutes indicate. 

The 10-year yield climbed back to 2.98%, and the DX recovered to 93.80. Gold drifted back to $1304 and was $1304 bid at 4pm with a gain of $11.

The U.S. interest-rate hiking cycle at only about half-done, it may instead be closer to the end.

"The possibility of switching from the US dollar to the euro in settlements depends on Europe’s stance toward Washington’s position."

President Trump just took another step in his 15-month push to ease regulation of banks, this time putting his signature on the most far-reaching measure yet to loosen rules prompted by the global financial crisis.

That countries like China and Russia continue to stockpile gold and launch currency initiatives designed to provide alternatives for world investors will only hasten the USD’s decline.

"When the mainstream finally admits to a specific fiscal threat which has been gestating for years, we should be concerned, because this likely means a crisis is already upon us."

Word of a potential bailout sent thousands of angry Argentines into the streets this month, some with signs declaring “enough of the IMF.”

President Trump called the collapse of a planned summit with Kim Jong Un a setback for both North Korea and the world.

In the last month, both the ECB & the BOJ have “thrown in the towel” regarding any kind of monetary tightening.

The subsidies come from four main categories. About $296 billion is federal spending on programs like Medicaid and the Children’s Health Insurance Program, which help insure low-income people.

"Toward the end of the presentation, the president said that in order to raise prices, he was adopting a new policy: He was establishing a market for gold in the United States."

“We are seeing no breakout in home sales...home prices keep climbing above what many home shoppers can afford"

"The Federal Reserve and the dollar don’t stand a chance. The rising part of the credit market cycle will be their death knell."

The central-bank inflated asset bubble spans the globe. Fortunately, so does gold, offering an inversely correlated investment.