Precious metals news

...a sign the central bank will be in no rush to dial back its massive stimulus programme.

"What is clear is that volatility has returned with a vengeance, investors have begun to focus on the unsustainable debt bomb in federal finance and, as a result, the stock market decline is far from over."

Stocks Crashed.....

Unknown hackers stole 339.5 million roubles ($6 million) from a Russian bank last year in an attack using the SWIFT international payments messaging system, the Russian central bank said on Friday.

Look out below....

"Higher interest rates will ultimately trigger the next recession as the entire debt construct will be weighted down by the burdens of cost of carry."

...we expect this number to manifest itself in rising prices sometime in the early spring, just as the Fed unveils its new and improved dot plot.

Another day, another confirmation that the US economy is heating up just a little more than most expected.

"If the Fed is not going to feed cheap fiat into banks and corporations to fuel stock buybacks, then WHO is going to buy equities now?"

Yamada say's in equities we will not be buying the dips but selling the rally's

(Bullard Sees Godzilla?) The Fed of St Louis' Bank Financial Stress Index has skyrocketed in its latest update. OR is this old news?.....

"Several gold-specific positives have recently appeared, and they demand your consideration..."

Gold rose to a three-week high on Friday as the dollar index slid to a three-year low & stronger-than-expected inflation data this week boosted interest in the metal as a hedge against price pressures.

Corporate bond investors finally joined a selloff that has shaken stocks to Treasuries as investors spooked by U.S. interest-rate risk headed for the exits

Gary Christenson says the next major move for gold & silver is up. Here's why...

Gerald says when gold breaks $1450, the stock market will come down and gold will then spike to record highs. Here's Gerald's forecast...

Inflation is back. So what does this mean for gold?
The consumer price index came in hotter than expected at 2.1%. A CNBC report said the number "pushes the economy toward a potential danger zone for inflation."

Could the house of credit cards Americans have built be on the verge of collapse?
Earlier this week, the New York Fed released the latest data on US household debt, revealing it has grown to a record $13 trillion. Americans have been spending, but they've been putting a lot of it on plastic. Credit card balances grew by $24 billion in the last quarter of 2017 alone. Meanwhile, US consumers owe $1.22 trillion on vehicle loans. This can only go on for so long. And there are indications that the American credit card spending spree may be winding down.
Retail sales unexpectedly fell in January, recording their biggest drop in nearly a year.

Gold remained nervous and choppy and traded either side of unchanged overnight in a range of $1348.65 - $1357.20 - still largely trading against movements in the US dollar.

Says a bigger stock market correction can’t be ruled out