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Precious metals news

    It's All Under Control
May 15, 2018 - 09:55:53 PDT
"It took only 214 days for the government to go from $20 trillion in debt to $21 trillion in debt" Only 5% in 7 months. Nooooo problem.
Our support targets have been $1302 - $1288. An important low is pending.
"Western central banks will continue to liquidate gold until the financial markets and the fiat monetary system disintegrate."
    Bill Gross: The Economy Can't Support Higher Yields
May 15, 2018 - 08:35:50 PDT
Continuing hibernating bond bear market is best forecast.
The last time that the S&P 500 dividend yield was below the 3-month Treasury bill yield was back in February 2008, before both Lehman Bros and Bear Stearns collapsed.  And before Fannie Mae & Freddie Mac were placed into conservatorship on September 6, 2008. But yes, for the last several trading days the S&P 500…
    M2 Money Growth Slowest Since December 2010
May 15, 2018 - 08:16:33 PDT
As The Fed Continues Raising Their Target Rate (And The 2-Year Yield Doubles Since September ’17). M2 Money growth has been declining since November 2016. And it keeps declining in terms of growth as The Fed has begun withdrawing its monetary stimulus from the economy.
It's becoming increasingly impossible to ignore a world that seems to want higher prices for crude
"containing information the world simply must have if it ever is to achieve free markets and a more democratic financial system..."
Using the unimpressive April Retail Sales Report as cover, the cartel has gone on an absolutely viscous pre-market attack. Here's the details...
    Notes From Underground: The Mother of All Debt Crises
May 15, 2018 - 06:50:41 PDT
Everything in global financial crisis emanates from too much debt being unable to be serviced...
The 10-year U.S. Treasury yield rose to its highest level since 2011, extending a selloff in the world’s biggest bond market and raising fresh questions about how high America’s borrowing costs will climb. The dollar reached the strongest point since December.
    The U.S. Dollar’s Resurgence Is Running on Fumes
May 15, 2018 - 06:18:55 PDT
A short squeeze that sparked the greenback’s fastest rise in 18 months has fizzled out, warn of mounting bearish conditions for the currency
The stakes are high because the health of the global economy depends on healthy trade flows
A U.S. decision to reimpose sanctions on Iran is supporting China's newly established crude oil futures, may spur efforts to start trading oil in yuan rather than dollars...
    New Fed Reports Show Rising Inflation Expectations
May 15, 2018 - 05:32:23 PDT
Reports from the New York and Cleveland Federal Reserve banks should bolster officials’ confidence that inflation will continue to rise.
Thieves siphoned hundreds of millions of pesos out of Mexican banks, including No. 2 Banorte, by creating phantom orders that wired funds to bogus accounts and promptly withdrew the money, two sources close to the government's investigation said. Hackers sent hundreds of false orders to move amounts ranging from tens of thousands to hundreds of thousands of pesos from banks including Banorte, to fake accounts in other banks, the sources said, and accomplices then emptied the accounts in cash withdrawals in dozens of branch offices.
“It’s been the Fed, I think, that has flattened the curve more than worries by investors on the state of the global economy,” Bullard told reporters Monday in New York.
The market expects a 100% chance of a hike in June and a 78.2% chance of at least one more hike by September. Then what?
There’s a case to be made today that the flattening U.S. Treasury yield curve is foreshadowing an economic slump.
World stocks fell on Tuesday as investors digested soft Chinese economic data and a lack of progress in U.S.-China trade talks, while a rise in U.S. borrowing costs supported the dollar.