Precious metals news

Stock markets rallied to close out March and ended up in the black for the holiday-shortened week, but markets were down on the month and also for Q1 2018. In fact, it was the first quarter in the red for stock markets in 10 quarters.
During his most recent podcast, Peter Schiff said he thinks this was just the first of many down quarters to come, reiterating a theme he hit on last week.
Remember, the market action that I've been observing really, to me, looks like a bear market."

Indians are hoarding their gold despite an increase in the price during the first quarter of 2018. Analysts say they are holding onto their gold in anticipation of bigger price increases.
Gold was up around 1.5% in dollar terms in the first quarter of this year. According to the Economic Times of India, the yellow metal appreciated 4.41% in rupees.
Even with that healthy increase, old gold sales in India fell by 35-40% in Q1 2018 compared to the previous quarter. According to the paper, analysts and traders think Indians are holding back selling in anticipation of further price increases, especially if the US and China get into a full-blown trade war.

Gold pulled back to the old resistance area at $1340 and was $1341 bid at 4PM with a gain of $16. Gold year to date: +2.99%.

Will the dying warfare-welfare state be replaced by liberty...or tyranny?

"This type of valuation pressure would likely result in liquidations of foreign assets at near fire-sale prices. It's called a 'death spiral' for a reason."

By using gold for energy, China is essentially saying that they will no longer pay in U.S. Dollars.

Yale University Professor Robert Shiller and Howard Ward, chief investment officer of growth equities at Gabelli Funds, discuss bear markets and the potential impact of the U.S. mid-term election. They speak with Bloomberg's Tom Keene on "Bloomberg Surveillance."

"he said in no uncertain terms that manipulation does occur. Here is Jim’s story, as related to us by phone on Friday..."

Wall Street shares nosedived on Monday, with the Dow falling to its lowest level of the year and the S&P 500 and Nasdaq each poised for the biggest daily percentage drop since February 8

"The roadmap to a financial disaster was printed thousands of years ago. Is anyone paying attention?"

"Total assets of the US government: $3.48 trillion. Total liabilities of the US government: $23.89 trillion. Net financial position of the US government: -$20.42 trillion."

"$621 billion in new debt (to be serviced ad infinitum) to produce just over $100 billion in new economic activity is something only government could achieve."

It's just a bill in the House Financial Services Committee, and it ignores that the Constitution requires silver as well, but hey, it's a start. Here's the details...

The Fed is lying about inflation. How do I know? Because several of the Fed’s OWN in-house inflation measures are roaring. The New York Fed’s UIG inflation measure is currently clocking in at 3.06%. The Atlanta Fed’s “sticky” inflation measure is growing at an annualized rate of 2.2%. Even the Fed’s heavily massaged Personal Consumption

The Dow Jones industrial average was down more than 500 points at noon Eastern, or about 2%

The US dollar’s share of currency reserves reported to the International Monetary Fund declined in the final quarter of 2017 to a four-year low, as other currencies’ shares of reserves grew, data released yesterday

Looks like we're in for a much rockier ride than many expect

There was an interesting article on MarketWatch entitled Cash-out mortgage refis are back — will homes become ATMs again?  The article shows that cash-out refinancing are a share of all mortgages i…

Investors rush to the safe haven gold.

Their proprietary account continues to accumulate silver at each delivery month.