Precious metals news

Egon says a $1,400,000/oz gold price wound't even be enough to cover a derivatives failure. here's just how big the problem has become...

"The European Union has said it will enact retaliatory measures, and other countries could follow suit."

The U.S. Congress, facing a Friday midnight deadline, toiled on Monday to finish writing a $1.2 trillion bill to fund the federal government through Sept. 30, as several thorny issues lingered, including funding President Donald Trump's border wall.

Because content without context is meaningless. "Will there be a recession in the not so distant future? Absolutely."

The VIX futures curve, whose contracts track the implied volatility of the benchmark U.S. stock index over time, is in backwardation.

"Basically... if the Federal Reserve was inflicted upon America by a foreign power it would have been considered an act of war." Join Mike Maloney and Stefan Molyneux as they explore the unintended consequences that await us due to the immoral acts perpetrated by government and the Federal Reserve system.

"How likely is it that a few U.S. banks would be so involved...without the approval or instructions of the U.S. government?"

The Federal Reserve claims to be tightening. According to the conventional wisdom, the Fed will raise interest rates at least three times in 2018 - maybe even four. And last fall, the central bank announced its plan to begin shrinking its balance sheet.
But have you actually looked at the Fed's balance sheet? Dan Kurz of dkanalytics.com has. In fact, he has dug deep into the Federal Reserves opaque world of financing and concluded all of this talk of shrinking balance sheets and normalized interest rates is pure fantasy.
As sure as night follows day, before all too long the world’s leading central banks will be abandoning both fledgling interest rate increases and QT fantasies (reducing the size of their balance sheets by selling bonds and stocks) out of ‘status quo necessity.'"

Could we be on the verge of a retail apocalypse?
February marked the third straight month of declining retail sales. Analysts had not expected another drop, but they got one nonetheless. Sales fell 0.1% in February. Analysts had expected an uptick of 0.3%.
This is not good news for a retail sector that is already teetering on the brink.

Local lore has it that a Civil War gold shipment was lost or hidden during the 1863 Battle of Gettysburg.

Gold traded lower overnight in a range of $1307.80 - $1313.15, largely fading moves in the US dollar. The yellow metal softened to its $1307.80 low (2 week low) during late Asian hours as the DX firmed to 90.35, boosted by a weaker euro ($1.2290 - $1.2258).

Steen predicts commodities will be one of the best asset classes to own over the next five to ten years.

Because trying to make everybody happy all the time does not work in any facet of life. Especially if you're issuing fiscal policy.

"But things are even worse than this. Income data ignore recent demographic shifts, such as more multi-generation households and college students living with their parents longer."

"If debt expansion cannot be arrested during periods of increased growth, when will it?"

The Dow Jones Industrial Average DJIA, -1.65% tumbled more than 480 points at its lows, heading for its steepest drop since Feb. 8,

Keith says if there's any short selling that has come about due to leasing, it's most likely because of producer or refiner financing. Here's more...

(Same As Peak Flipping Year Of 2005). The median down payment for a US residential mortgage was 7.1% as of Q4 2017 According to Attom, the median down payment increases 20 percent from year ago The median down payment on single family homes and condos purchased with financing in Q4 2017 was $18,000, down from a record high $19,100 in the previous…

There were $157tn of derivatives out there at the end of last year, That’s about 12 per cent more than the amount these banks had, entering the crisis.

The U.S. dollar kicked the week off slightly weaker, as trader focused on a Brexit breakthrough that pushed the British pound to a one-month high against the buck.