Precious metals news

"Similar to silver, gold is also to benefit from current market conditions, according to the report."

Borrowing has risen sharply over the past decade.

Under Trump administration and congressional Republican control, the budget rules that are supposed to guide what the president and Congress do about the budget each year have died an ignominious death because of a combination of abject abuse and atrocious neglect.

As part of its years-long effort to reduce reliance on US currency amid a deepening standoff with Washington, Tehran has announced it will start reporting foreign currency amounts in euros rather than dollars.

Peter Schiff says once gold takes off, it's going to be like "an invading army busting through the castle doors". Here's why...

Is gold's bad start to the week because of the apparent progress being made with North Korea? Here's a look into that very question...

Later in the afternoon, the dollar clawed back to 90.79, and gold slipped to $1330.50. The yellow metal was $1331 bid at 4PM with a gain of $7.

Everything is great!
We've heard this mantra over and over again from government officials, TV talking heads and Federal Reserve bankers. But as we've been saying, all the optimism in the world can't trump economic reality. And there are a lot of signs in the global economy indicating everything is not, in fact, great.
Dan Kurz at DK Analytics aggregates large amounts of economic data and forms it into a big picture. In his most recent post, Dan compiled a long list of economic and financial risks lurking out there in the global economy. 

Conventional wisdom holds that rising interest rates are bad for gold. The fact that the Federal Reserve has been nudging rates up over the last couple of years has accounted for a lot of the bearishness in the gold market. But the conventional wisdom doesn't line up with the current reality. Even as the Fed has hiked rates, the price of gold has gone up – increasing by 8.5% since the Federal Reserve's first rate hike of this cycle in December 2017.
A recent report issued by the World Gold Council indicates that gold investors focused primarily on interest rates are looking in the wrong place. They need to be watching the dollar.
Our analysis shows that the correlation between gold and US rates is waning and that the US dollar is again a stronger indicator of the direction of price. And, in our view, this will continue over coming months."

The Ultimate Hedge Against Everything That Is Wrong In The Markets

By all metrics, prices are heating up. But the same can't be said for economic activity.

Major U.S. stock indexes fell sharply on Tuesday as investors sold technology and industrial stocks.

Moreso than in nearly any other commodity, history shows that patience pays in the silver trade.

"Policy is still extremely dovish with the goal of normalization in the next few years. Peak growth at the beginning of this process is a disaster."

Western gold & silver investors feel "the same kinds of thrills and agony that professional athletes regularly experience". Here's why...

"What all these empires over the last few thousand years had in common was that they collapsed when they debased their currency…I think that's also what we are seeing today."

(How Long Before Inversion?). Yes, the US Treasury 10-year note yield pieced the 3% barrier ... before subsiding. But the 2-year note continues its rise towards 3%. How long before curve inversion?

Interest rates have been falling for nearly three decades. Could the trend of lower rates be over? A big test to this trend is in....

"Whatever you might think about the consequences of skyrocketing government debt, you should consider that it might be rocketing at a much steeper trajectory than you’re being told."