Precious metals news

As Fed-or Mortis Sets In (Fed Futures Forecast 3 Rate Increase This Year) Mortgage applications increased 2.7 percent from one week earlier, according to data from the Mortgage Bankers Assoc…

Japanese investors fear in recent weeks that the Trump administration’s budget & other policies add up to a weak dollar.

Craig says if there's a financial crisis during that time, the gold price could go even higher than that. Here's the details...

$74.4 billion goods deficit in January the second largest on record

"As the War on Cash accelerates, many shots will be fired. The question is: who will take the majority of the damage?"

"American consumers rely on appreciation of equity holdings and home values to support over-extended lifestyles."

The discussion also includes what China is doing with its currency that can be converted to gold in energy trading.

One of the most reliable indicators of imminent recession is the US consumer's certainty there will not be an imminent recession.

A third month of slowing inflation in the euro-area has given ECB's Draghi still needs stimulus.

SD Midweek Update: With the event that took place in gold yesterday, it seems the pain is not over, but it's nothing to fear either. Here's why...

Nikkei 225 just formed a death cross after 25-day moving average crossed below 75-day average.

"The next U.S. recession could drag on longer than the last one that stretched 18 months."

One reason for that disconnect is the rising fiscal deficit in the world's largest economy, Morgan Stanley said.

U.S. stock futures were higher this morning, but stocks remain on track for their biggest February declines since 2009.

Equities tumbled another quarter percent after new Fed boss Jerome Powell's comments suggested the possibility of four U.S. interest rate rises this year rather than three.

"the fabled history of one of the most venerable precious metal traders is likely to come to an end in the very near future..."

In our Fun on Friday post last week, we teased a special on Royal Canadian Mint Wildlife of the Canadian Arctic coins. Since Punxsutawney Phil saw his shadow predicting six more weeks of winter, we might as well embrace the winter theme.
And today's the day!
Starting this morning we're offering beautiful quarter-ounce fractional coins featuring the Canadian arctic fox, polar bear, and snow falcon at extremely low premiums.

Earlier this month, we reported that American household debt increased to a record $13 trillion in the last quarter of 2017. If you spread that out evenly, every man woman and child in America would owe about $40,000.  Add to that their portion of the US government debt - $63,000 - and every American, on average, is carrying a six-figure debt load. As U.S. Global Investors CEO Frank Holmes put it, the level of debt in America is a "head-spinning sum."
It's easy to look at these numbers and say, "Yeah, yeah, there is a lot of debt out there. But does it really matter? We've been talking about debt for years now and it hasn't really made a difference."
But the truth is, all of this debt is a ticking time bomb. The question is will the Fed let it blow?

Gold was fairly steady overnight, trading either side of unchanged in a fairly narrow range of $1331.65 - $1336.70, and awaiting testimony from Fed Chairman Powell.