Precious metals news

“For years, Deutsche Bank has been trying to gloss over the glum present by giving an upbeat outlook on the future,”

State Street Global Advisors has cut its dollar positions to neutral, citing rising hedging costs and a breakdown in the correlation between the global currency and rates markets.

Producer Price Index by Commodity for Pulp, Paper, and Allied Products (YoY)

"The policies of the central banks were unsustainable from the start. These stocks cannot be sold without crashing the market."

SD Midweek: All eyes are on Fed Head Powell today, and as customary, gold & silver look downright terrible going into the FOMC Meeting. Here's an update...

The U.S. Government and the economy is in a nasty feedback loop heading towards destruction. You can’t continue to print money, increase debt and leverage without causing severe disruptions in the future.

The pre-meeting price jitters, the knee-jerk dip, the larger rise. We've seen this before, four times a row.

The three-month U.S. dollar Libor has been on the rise since Feb. 7, reaching 2.25 percent, highest since 2008

“There has been sort of the perfect storm of factors tightening financial conditions,”

It is unlikely that new Federal Reserve Chairman Jerome Powell will signal a dramatic shift in policy from that of Janet Yellen’s tenure at the Fed says Tom Stevenson, Investment Director at Fidelity. He told Daybreak Europe’s Markus Karlsson and Nejra Cehic that Powell is instead likely to signal that he is serious about getting on top of inflation.

Congressional Republicans missed another target to unveil a $1.3 trillion spending bill, as talks continued early Wednesday with just days remaining for House and Senate votes to avert a third government shutdown this year.

World shares were flat on Wednesday and the dollar eased off three-week highs as investors marked time before a likely hike in U.S. interest rates and awaited guidance on how many more to expect for this year.

"Central bankers do not think about gold," Weiner writes again, just days after Hungary's central bank announced that it is repatriating its gold reserves...

Captain Ewave says, however, that the next wave will be a very sharp wave rally higher, and the target is north of $1500. Here's the details... 

"It’s very important for gold, bond, and stock market investors to stay focused on the main fundamental price drivers and ignore what may..."

Some good news from Jack Chan today as his indicators are all signaling that the metals are a "buy". Here's the details...

The Federal Reserve opens its March Open Market Committee meeting today. Most analysts say there is a 100% chance for a rate hike during this go-round. Overall, there is a decidedly hawkish attitude when it comes to the Fed. The real debate right now revolves around whether the central bank will hike three or four times in 2018.
But Peter Schiff said in his most recent podcast he isn't certain about all of these rate hikes.
The fact is I'm still not 100% sure the Fed is going to hike on Wednesday. Now, I would argue or agree that it's more likely than not that the Fed is going to hike because they've been hiking interest rates all along. The Fed, so far, has not given any indication that they're not going to hike because they don't want to give up the ghost of this vibrant recovery where they need to raise rates because everything is going so well. But that whole narrative, that whole illusion, seems to be fading very quickly."
So, could we see a more dovish Fed before t...

Everything is great. We're riding high. The stock market is up. Employment is up. Analysts and pundits see nothing but smooth sailing ahead.
It sounds an awful lot like 2007.
It's like deja vu all over again.

Gold softened overnight in a range of $1311.20 - $1317.50, trading inversely to movements in the US dollar.

‘Mrs. F.’ was 84 years old the first time she ever went to prison. Her crime? Petty shoplifting. She stole rice, strawberries, and cold medicine. She served her time. Got released. Then shoplifted…