Precious metals news

"American businesses say they are paying more for raw materials, offering signs that the recent rise in inflation is likely to get worse."

The workweek soared to its highest level since October 1987

"Trump may have brought forward global forces that he does not begin to understand, and guaranteed a frightening crisis on his own watch."

Wells Fargo & Co. will pay $1 billion to settle U.S. probes into mistreatment of consumers, the largest sanction of a U.S. bank under President Donald Trump, as the firm tries to resolve a year and a half of scandals across its operations.

“At a time when cyclical pressures are building, a& asset valuations are stretched, we should be calling for large banking organizations to safeguard the capital and liquidity buffers they have built over the past few years,”

"A massive short squeeze is being plotted by the megabank that practically invented how to profit by suppressing prices."

Suspicions that the country is cooking the books persist despite a government crackdown on cheating cadres.

Japan national CPI core slipped back to 0.9% yoy in March, down from February’s 1.0% yoy, meeting market expectations. It will take a few more months to see if it’s only a blip or a change in trend. Core inflation had an impressive up this year but momentum has been slowing. It’s already looking a …

"This love of gold predates the hyperinflation of the Weimar years, which reinforced skepticism about paper money in a traumatic fashion."

Mario Draghi will take longer to lay out the European Central Bank’s plan to exit unconventional stimulus as protectionism threatens the euro-area outlook

“It’s a clear acknowledgement by Carney that’s there’s been a deterioration in the data,”

Mark's comments come as "extremely fantastic news for those who own precious metals and wonder whether there is still upside to the pricing."

Gold ticked down to trade narrowly between $1344-$1346. The yellow metal was $1346 bid at 4PM with a loss of $5.

"huge amounts of money can be made during times of increased volatility, precious metals, and falling stock market prices..."

In recent years, gold has been increasingly valued for its use in various technological applications. In a report late last year, the World Gold Council reported the demand for gold in the technology sector has been growing since 2016 and that growth is continuing to accelerate due to new innovations.
Some of the most amazing developments utilizing the yellow metal have been in the field of medicine. For instance, researchers at the University of Queensland have developed a blood test using gold nanoparticles that could help oncologists in their treatment of cancer patients. According to the university, the test will provide doctors with an early and more accurate prognosis of how cancer treatment is progressing and help guide ongoing therapy.

In a world drowning in debt, the US stands out, according to the International Monetary Fund.
Global debt has reached record levels. According to a recent IMF report, the world has amassed $164 trillion of debt. That comes to 225% of global debt to GDP, levels not seen since the peak of the 2008 financial crisis when combined public and private sector global debt-to-GDP hit 213%.

Ronan Manly says "COMEX and the London Fixings are two sides of the same coin. With blatant evidence that the same banks and..."

Silver is now our favorite....

(Freddie Mac 30Y Commitment Rate Up To 4.47%, Highest Since Dec ’13). Only two months ago, the prospect of 10-year Treasury yields reaching 3 percent was an almost certainty after a relentless climb from 2.4 percent at the start of the year.

“By 9:30, the early indication was around 17.50, up over 2 points from the 9:00 a.m. level, despite S&P futures remaining unchanged."