Precious metals news

Mounting worries about the U.S. budget deficit, which is projected to balloon to more than $1 trillion in 2019 amid a government spending splurge and large corporate tax cuts, have also undermined the greenback.

"Momentum behind gold mining stocks along with the technical analysis points to higher prices in the week ahead..."

Keith Weiner says a Federal Reserve Note Is not something positive but rather a negative relationship. Here's what it means for savings and for gold...

John Rubino shows that this time around, there's room for optimism with gold's price action. Here's why...

SchiffGold has launched a new video series called "It's Your Dime," featuring "straight talk" interviews with movers and shakers in the world of precious metals, investing and economics.
In the pilot episode recorded Jan. 31, 2018,  host Mike Maharrey chats with SchiffGold executive director and senior special metals specialist Jonathan Sosnay.

Inflation came in hotter than expected at 2.1%. A CNBC report said the number “pushes the economy toward a potential danger zone for inflation.”
Analysts had expected January inflation to come in at 0.3, after being up by 0.1 the previous month. Instead, the December number was revised up to 0.2 and January came in at 0.5. As Peter Schiff pointed out in his podcast, if you multiply 0.5 by 12 months, it comes to 6% inflation per year.
In his Feb. 16 Liberty Report, Ron Paul talked about inflation and its effect on everyday Americans. He said when it comes to this subject, the mainstream is all mixed up. More significantly, the creation of new money doesn't impact everybody equally. Some benefit at the expense of others. 

"Can the Fed buy, sell, and short (think volatility and gold) infinite amounts of anything and everything without ever getting a margin call?" Michael explains...

SD Outlook: It may seem like a boring few days, but that could all change by the end of the week...

Gold is once again testing its 2018 highs, but what will it take to get over the whole number major resistance at $1400? Moriarty explains...

"A breakout here could boost gold to prices we haven’t seen in more than four years..."

"All considered, we could be brewing a perfect storm for gold. Let's see if gold can punch through the..."

The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on iTunes.

So, here's a little nugget I dug out of the deep, dark depths of the internet this week.
A truck driving along a major highway in South Africa lost its load. This caused a major frenzy, not to mention a horrendous Los Angeles-style traffic jam. And what did this truck dump that resulted in such chaos?
Gold!

The US dollar dropped to its lowest level in three years Friday.
Extending losses on Thursday, the dollar index against a basket of six currencies dropped to 88.253. This marks its lowest level since December 2014.
A Reuters report noted that "Traders’ confidence in the dollar has also been eroded by mounting worries over the United States’ twin budget and current account deficits." Interestingly, just last month Peter Schiff said these twin deficits may ultimately doom the stock market.

“Do you honestly believe today is the bottom?” said Jeffrey Gundlach, known as Wall Street’s Bond King, last week. You ain't seen nothing yet.

"Gold continued to move in a nervous and choppy fashion overnight, trading in a range of $1352.50 - $1361.80 and fading movements in the dollar."

To conclude, embrace dollar weakness, it has more to run.”

Monetary inflation for government is so intoxicating.

Eric says it smells like a bull market. Everything else is in a bear market, except for stocks, but when stocks enter it, we'll only have one bull standing...

"As debt levels rise it consumes more capital by diverting it from productive investments into debt service. As debt levels spread through the system it consumes greater amounts of capital until it eventually kills the host."