Precious metals news

“This is because it is causing stock markets world-wide to fall, bond yields to decline, and the U.S. dollar to weaken—all of those being factors that are positive for gold,”

"as the Fed turned out to be more dovish than expected in that matter, the markets eased a bit. This is why three Fed rate hikes are..."

"late stage economic rallies are often identified by a rally in the precious metals markets as fear of a top or of late stage corrections become...:

As an early supporter of cryptocurrencies, GoldSilver was one of the first precious metals dealers to accept Bitcoin and allow easy conversion of cryptos to physical precious metals.Now, we’re are proud to announce we’ve expanded our payment options to include another cryptocurrency: Bitcoin Cash. In addition to checks, bank wires, credit and debit cards, PayPal and Venmo, Bitcoin, and now Bitcoin Cash, you have more choices to make your investing easy.Plus, Bitcoin and Bitcoin Cash orders receive a 3% cash discount on all purchases.

SchiffGold's It's Your Dime features "straight talk" interviews with movers and shakers in the world of precious metals, investing and economics.
In this episode, host Mike Maharrey talks with SchiffGold senior precious metals specialist Joel Bauman. In an interview recorded earlier this month, they discuss the current state of the precious metals market and Joel talks about where he thinks it's heading in the near future. Along the way, Joel and Mike get into several interesting subjects including gold and silver's role as a portfolio hedge, ETFs vs. physical gold, counterparty risk and the cryptocurrency phenomenon.

The Federal Reserve followed its script yesterday and raised interest rates another 25 basis points. But the central bankers did surprise some people by hinting at just two more hikes this year. Analysts have been fixated on the possibility of four 2018 rate increases.
The Fed's slightly more dovish tone on rate hikes sent gold climbing. The yellow metal gained about 1% in the aftermath of the FOMC meeting.
Nevertheless, even while dampening expectations of faster tightening, the Fed continued to talk up the economy. In fact, the central bankers project continuing rate hikes all the way into 2020. In his most recent podcast, Peter said the Fed sounded even more optimistic about the economy than it has in the past. He called it "all politics," designed to maintain the illusion that everything is great.

US stocks turned down again and finished near their lows (S&P-69 to 2643). The 10-year yield dipped back to 2.813%, but the DX remained firm between 89.75– 89.87. Gold drifted higher to $1330, and was $1329 bid at 4PM.

CNNMoney's Fear & Greed Index, a measure of market sentiment, dropped further into "extreme fear." The VIX (VIX) volatility index soared 22%, though it remains well off the elevated levels of early February.

And 7.30% YoY While Hourly Earnings Growing At 2.6% YoY

An ideal scenario is for gold price appreciation at the expense of dollar weakness.

Due to China's trade role as mass exporter of goods and America's as mass consumer, China is uniquely positioned to pass along its inflationary pressure to the US.

“This has been long in the making,” Trump said, adding that the tariffs could affect as much as $60 billion in goods.

And it's been out of control for a long time.

Ronald is getting bullish on gold for a number of reasons, but he's really getting bullish on silver. Here's why...

The House on Thursday passed a $1.3 trillion fiscal 2018 omnibus appropriations bill, starting the process for averting a government shutdown and ending government funding by stopgap.

The environment outside of the U.S. might suggest cracks in a picture of global economic thrust that Group of 20 finance chiefs highlighted as recently as this week.

"The average Venezuelan earns a mere dollar or so a month. A bag of rice, if it can be found, costs 8,000 Bolivars, far out of reach of Venezuela’s minimum wage earners."

While Fed and PBOC hike, the data continues to soften as “growth slowdown” fears mount

Stagflation anyone?