Precious metals news

"The global economy would be plunged into a severe and protracted crisis."

A majority of Americans say they are not yet seeing President Trump's tax cuts reflected in their paychecks, according to a new poll.

"The banking elites hope to cause so much confusion and catastrophe that the masses will forget who was truly behind it all."

For the 2nd month in a row, the savings rate upticked (from 3.2% to 3.4%), as perhaps a new frugal normal is dawning in America...

Charles Hugh Smith explains what he means by stating, No "Free Trade"- Only Darwinian Game of Trade.

They discuss Jerome Powell's first appearance at the chair of the Federal Reserve and discuss if rate hikes are helping or hurting the economy.

Comex volume hit a record 23 million contracts in the first quarter.

Equities were booming then even as the Great Recession set in December 2007. Did you say the #Fed will hike four times in 2018? #Powell

"I stand by the $1,500 forecast. Before last week, investors might have been slightly disappointed by gold's mostly sideways..."

Stocks rebounded Monday after their precipitous fall late last week. The Dow Jones rose 669 points. Then on Tuesday, it tanked again, falling over 300 points.
In his latest podcast, Peter Schiff said the increase in stock market volatility is another sign things are different. He reiterated what he said last Friday. He thinks we are in a bear market. All of the flashing warning signs are there. It's just that nobody can seem to see them.

Yesterday, we reported that some of the big mainstream players in the investment world, including Goldman Sachs, have suddenly gone bullish on gold. They aren't alone. US Global Investors CEO Frank Holmes said he thinks the yellow metal might hit $1,500 per ounce this year.
Even with the headwinds caused by Federal Reserve monetary tightening, gold has had a pretty good start to 2018. It's up close to 3% on the year. In fact, gold is one of the best-performing assets so far this year. As of March 23, gold had outperformed the dollar index, the S&P 500, US Treasuries and the Bloomberg Commodity Index. 

(Libor-OIS Spike Is Causing Turmoil). The Libor-OIS spread has spiked in recent months. The spike in the Libor-OIS spread is causing another problem: the hedged US Treasury 10-year yield is close to 0%.

"Jay Powell can believe it may be different this time. As investors, we cannot afford to ignore the inverted yield curve as one of the most reliable predictors of future economic activity."

The Treasury 10Y-2Y curve slope has officially flattened to below 50 basis points, back to 2007 levels. As stock volatility surges to third highest level since 1990...

The US government’s total debt level now exceeds $21 trillion. And just this week alone, the US government is issuing $300 BILLION in new debt.

... a very different regime has recently begun.

"Gilburt concludes his latest misrepresentations by proclaiming his great success at predicting monetary metals prices, as if that is somehow a rebuttal..."

"Under this scenario, higher nominal interest rates are not likely to attract global capital inflows to dollar-denominated assets."

Gold traded lower overnight in a range of $1347.10 - $1335. In similar price action to last evening, it managed to edge up to its $1347 high early during Asian hours.