Precious metals news

84 Percent Of Millennials Have Under $50k Saved.

The U.S. territory's economy is set to shrink by 11 percent next year as it continues to reel from Hurricane Maria

"I think as the world moves through times of increasing uncertainty, you're seeing people look for alternate offerings"...

"If interest rates go up even modestly, halfway to their normal level, you will see a collapse in the stock market.”

We hinted at this jokingly last night when we tweeted that "Mnuchin may be more effective than QE1."

Following US Treasury Secretary Mnuchin's wishy-washy walk-back this morning, ECB president Draghi has failed to deliver a dovish enough press conference to reverse the trend and the dollar index is crashing to new cycle lows once again...

Optimism has peaked, according to two widely followed measures of U.S. economic sentiment. If history is any guide, bouts of equity volatility and plunging Treasury yields will soon follow.

Poor demographics suggest 2018 will bring economic disappointments.

We could be about to be treated to a brand new central bank-coined acronym, ESB, or in its somewhat catchier plural form ESBies (as in “esbies”). “Near-zero risk” derivatives… the banks are on board.

SD Market Update: Silver didn't perform to shabby either. Here's the details...

Following the ubiquitous "no change" statement, ECB President Mario Draghi faces an uphill battle in today's press conference to keep the QE-dream alive, reflect on EU's potemkin-village-like economic strength, and jawbone the Euro lower - "everything's awesome... but we're gonna need more money-printing."

The war of words (China) and deeds (US) is heating​ up once again tonight, sending the Dollar Index careening back to new cycle lows...

"My comments have been that in the short term, where the dollar is not a concern of mine, that it will fluctuate. In the short term there’s obviously benefits and issues of a lower dollar."

When Mario Draghi addresses reporters on Thursday, he’ll probably repeat that returning inflation to target relies on the European Central Bank’s pledge to add at least another 270 billion euros ($330 billion) in stimulus.

Supported by OPEC-led supply curbs, a record-breaking run of declines in U.S. crude inventories and a weaker U.S. dollar.

The dollar stumbled near multi-year lows on Thursday following the U.S. treasury secretary's comments that he welcomed a weaker greenback, while attention turned to whether the European Central Bank can stomach a surging euro at its policy decision.

That would put it back to levels it hasn’t been in since 2011, that’s when the price of gold was over $1,950 an ounce and silver was over $40 an ounce.

A portfolio allocation of 10% "would have both increased returns and reduced volatility, resulting in higher risk-adjusted returns." Here's

"The LBMA, which oversees the world’s biggest spot gold market, will seek proposals including the use of blockchain for tracing the origins of metal..."

Peter Schiff recently appeared on InfoWars with Alex Jones and took on the notion that Pres. Trump is in the process of fixing the economy. In fact, Peter pushed back hard against Alex, saying we are on the verge of a crash and Trump is going to get the blame.
I agree with you. The economy is going to blow up. But it's going to blow up like a bomb. It's not a good thing. It's a bad thing. Unfortunately, that's what Trump has inherited from Obama. But it's not even really just Obama. It's the Federal Reserve. It's the monetary policy that has been passed like a baton from Clinton, to Bush, to Obama, and now to Trump.
Peter predicted the collapse will happen under Trump's watch. Peter has said in the past that Trump is not helping himself by taking credit for the soaring stock market. And when things go south, he's going to get the blame.
He owns the stock market bubble. He and the Republicans own the economy now thanks to the tax cuts. They're not going to make any differ...