Precious metals news

U.S. stocks fell sharply on Thursday as tech shares declined. Stocks were also pressured by worries of a potential trade war.

"I made the wrong move with shorts and got busted, lost two dimes...I don't mind people knowing that at all when I make a wrong call..."

JPMorgan unwittingly set the stage, 10 years on, for a historic silver price rally.

The sobering reality is the Fed can't afford to cut rates, leave them alone, or raise them.

Jim Grant: "I like Gold Bullion as it will be to be the reciprocal beneficiary of doubts that are about to be expressed in the markets about the confidence of our central banks"

Because every appointee is only as qualified for their job and as valuable to the nation as they are to Trump at the moment.

Bitcoin fell after one of the world’s largest cryptocurrency exchanges was said to face a government rebuke for operating without a license in Japan, heightening concern that increased regulatory scrutiny will curb demand for digital assets.

Bank Indonesia will keep dipping into foreign reserves to support the rupiah, while all but talking of a rate increase anytime soon.

"This seems to be selective prosecution when the traders and their actions are APPROVED always by the board of directors. It is sort of charging your auto-mechanic who worked on your car because you had an accident."

It has taken a little more than six months for the U.S. national debt to grow by a trillion dollars, a quick clip that has little precedent over the nation’s recent history. Here’s a look at how long it’s taken the debt to grow by that much in the past.

U.S. stock futures were lower this morning, after a late-day sell-off Wednesday erased earlier gains.

David says China and Russia have been working all of these years setting up parallel systems because they know the dollar is dying. Here's more...

"Central bank credit that supports markets — is not just creation of the Fed, but by central banks and institutions around the world colluding together. Global markets are too deeply connected these days to consider the Fed in isolation."

Nasdaq futures and China-based stocks led early declines on Thursday as an expected trade policy announcement sent investors into a defensive stance. Nasdaq 100 futures dropped 0.9% below fair value as Facebook traded lower and China-based NetEase posted the index's heaviest early decline. Futures for the Dow Jones industrial average dragged 0.6% lower, as blue chips traded flat to lower with Merck, JPMorgan and Boeing at the bottom of the list. Futures for the S&P 500 and the Russell 2000 small cap gauge were both down 0.5%. Markets were wary as the Trump administration prepared to possibly unveil Thursday what is expected to be upwards from $30 billion in fresh tariffs on Chinese-made goods. News reports said announcement of the tariffs, which are in addition to those imposed in February against China's steel and aluminum trades, could be delayed, and that the measures would not take effect immediately. China's market dug in for a second day ahead of new trade sanctions expected

They argued that it would be better to wait until they have new economic forecasts in May.

Federal Reserve Chairman Jerome Powell showed he will be guided by the U.S. economy’s performance rather than the theories and models

"Weiner's primary assertion is as broad as it is unsupported: that central banks don't care about gold, even as practically every week produces new proof..."

Gold rallied back sharply, and triggered some buy stops over $1328-30 (quadruple top), the 40 and 50 day moving averages at $1331 and $1335 to reach $1336.65 (short covering seen).

Gold and silver are money. But most governments treat precious metals like a commodity. They don't accept it as payment. Worse than that, they tax it. Think about the absurdity of this policy. You don't tax money!
Fortunately, we're beginning to see a shift. Many states are repealing taxes on gold and silver, and treating precious metals more like money. Wyoming is the latest state to reform its laws.
These policies not only ease the burden on investors, it opens the door to use gold and silver in everyday transactions, a foundational step for the people to undermine the Federal Reserve’s monopoly on money.

Expectations that the Fed will continue and perhaps even quicken the pace of interest rates hikes have created headwinds for gold. But there another side to the rising interest rate phenomenon that a lot of people in the mainstream seem to be missing. According to a recent Bloomberg report, the prospect of a higher interest rate environment is feeding signs of financial stress among debt-laden consumers.
This doesn't bode well for the US economy and could spur safe-haven demand for gold.