Precious metals news

Ford Motor Co. is cleaving an additional $11.5 billion from spending plans & dropping several sedans, including the Fusion and Taurus, from its lineup to more quickly reach an elusive profit target.

"No more waiting or gradual, slow withdrawal. Take your marbles right now, and get out."

“It is a more difficult environment than it was three or four months ago,” Stevens said when asked about rising commodity prices from potential steel and aluminum tariffs

In their benign, pre-crisis economic assessment, policy makers failed to appreciate the fragility imposed by asset prices.

"The dangerous interdependency of globalism helped fuel the economic crisis of 2008 and continues to escalate to this day."

Renewed concerns over the lack of traction of inflation in the region and recent softer-than-expected results from the region’s docket have prompted ECB officials to come up with less optimistic comments in past weeks.

Analysts at Danske Bank, expect the Bank of Japan to maintain its ‘QQE with yield curve control’ policy unchanged at Friday’s meeting and they conside

The European Central Bank kept policy unchanged on Thursday & ECB chief Mario Draghi is expected to play down worries over recent softness in the euro zone economy, leaving the door open to ending lavish bond purchases by the close of the year.

As It Retreats From US Investment Banking/ One of these quarters Deutsche Bank is finally going to report a quarter that is not a disaster... just not today.

“The timing is not the most opportune” for relaxing the banking rules, said Mark Zandi, chief economist at Moody’s Analytics Inc.

"He could have faced as long as 25 years in prison if convicted, but now he is free to go back to not-spoofing precious metals markets..."

The cartel has been successful capping gold at $1360, but they have failed at smashing gold below $1300. Here's an market update from Eric & Dave...

There is no need for Russian & Chinese businesses to pay each other in dollars and euros, when they can settle in rubles and yuan, according to Zhou Liqun, chairman of the Union of Chinese Entrepreneurs in Russia.

Stock markets had another bad day Tuesday. The Dow Jones fell over 400 points as the 10-year Treasury yield broke through 3%. Several "marquee" companies warned of higher costs, including Google-parent Alphabet and Caterpillar.
In his latest podcast, Peter Schiff said he thinks the correction is over.
Not the downward move. That is not the correction. This is the bear market. The upward move was the correction. It was the first correction in this young bear market that technically is not a bear market yet because we're not down 20%. But that's only a matter of time before the people call the bear market what it is."

Inflation is low - so we're told. But this simply isn't true.
Now, it is true that the consumer price index (CPI) has remained relatively low. But rising prices aren't in-and-of themselves inflation. In fact, we can have inflation without a corresponding rise in CPI - at least in the short-term. That's exactly what we've had over the last decade. We've had rampant inflation, but it hasn't manifested in broad-based rising prices - yet.

Things in Venezuela keep getting worse and worse under the incredible incompetence of Nicolás Maduro, Venezuela's President.

Investors should place close attention to the 2-year Treasury note. It has risen OVER 120 basis points just since September 2017. 3mo LIBOR and T-2 yield keep rising with The Fed's "normalization." Here is a photo of the Fed's Open Market Committee (FOMC) in action!

Finally, the US Treasury 10-year yield has pierced the 3% barrier and NOT immediately dropped back. The 10-year yield stands at 3.03%. How about the 30-year mortgage average? The Bankrate 30Y mortgage average rate is now 4.50%. Mortgage refinancing applications? They are deader than Monty Python's Norwegian Blue Parrot.  Mortgage lenders in terms of refinancing…

4.73% now. 5% in a few weeks. Then 6%.

Inversion When? Deutsche Bank research suggests the yield curve will invert in 2019. I suggest sooner if the Fed hikes 4 times.