Precious metals news

Vol Repression: The CBOE CBOT 10 year U.S. Treasury Note Volatility Index (TYVIX) just hit its second-lowest​ level in history today. The lowest was last Friday, 12/15/17. We know that the 10-year T-Note premium co…

Until then, we will just keep an eye on Mario Draghi for the answer how long he can continue to burn taxpayer money by holding insolvent bonds and pretending that nothing has changed...

Gold prices were hovering near a two-week high on Tuesday, as caution surrounding U.S. tax reform plans and ahead of U.S. housing sector data dampened demand for the U.S. dollar.

“It’s an increasingly uncomfortable equilibrium,” Societe Generale SA strategists, “Eventually, there will be a Minsky moment

“While the yield curve has not yet inverted, the bond market is telling us that the odds of a recession are increasing.”

“The revisions to the forecast were inconsistent with the lack of revisions to the dots,” “The number of dots should have gone up.”

Sell your silver and gold for Bitcoin? Rob Kirby tells Silver Doctors that selling your insurance for a speculative bet is ridiculous. Here's why...

"The control of the gold price by the deep state financial elite is not some parlor game that they play for their enjoyment; it is an absolutely critical requirement..."

It appears increasingly likely the Republican Congress will pass tax reform this week.
As we analyze the plan, it's important to remember - incentives matter.
Details of the House/Senate compromise bill came out Friday. It features a top rate of 37% and a bottom rate of 10%. The corporate rate would drop to 21%. The standard deductions would nearly double. Individuals with existing mortgages would still be able to deduct their interest, and the compromise restored the deductibility of state income taxes up to $10,000. The plan would also eliminate the Obamacare penalty for not buying insurance. There are certainly things to like.
But as Peter Schiff pointed out in his podcast, there are also significant problems with the plan. It is riddled with loopholes and incentives that will substantially raise the debt - even more than projected.

Janet Yellen and company pretty much followed the script during last week's Federal Open Market Committee meeting, raising interest rates another .25 percent and signaling three rate hikes in 2018.
We tend to focus primarily on Federal Reserve actions, but it's important to remember the Fed isn't the only central bank game in town. While it nudges interest rates slowly upward, the European Central Bank is standing pat on economic stimulus. And there's no indication that is going to change in the near future.

When Columbus arrived in America (1492), the world was only producing 7 million oz of silver a year.  Today, the world's largest primary silver mine, Fresnillo's Sauicto Mine, produced three times that amount in just one year (22 million oz, 2016).

Some uncertainty over the passage of a long-awaited US tax cut bill and doubts over the pro-growth effect of the reforms kept exerting downward pressure on the US Dollar

In recent months, the issuance of gold Exchange for Physical (EFP) contracts has surged. EFPs convert a physically deliverable Comex gold contract into an LBMA or LME contract supposedly deliverable at a later date ex London and/or Hong Kong.

This is trickle-down economics in the extreme, and what’s particularly amusing about that as it relates to markets is that the presumed “wealth effect” of QE was trickle-down in n…

as yuan-priced crude futures due to launch. China has successfully completed its fifth round of yuan-backed oil futures testing may officially begin the contract by the end of this year. It seeks to challenge the dominance of the petrodollar.

A recent report from Moody’s Investor Service presages troubling times for pensions belonging to the 50 largest local governments- US. According to the report, Adjusted Net Pension Liabilities (ANPLs) rose in the 2016 fiscal year for 42 of the 50 …

Big euro-area lenders face a choice; clean up the complicated corporate structures that make them difficult to wind down in a crisis, or watch Elke Koenig do it for them.

The market’s biggest secret, exposed… and how it can lead you to big market gains... Few people know financial markets’ biggest secret…

Chris Vermeulen explains why gold is presenting a once-in-a-lifetime opportunity right now, and silver is presenting even more. Here's the details...

Instead, an economy heading into 2018 possibly maxed out at just 3% GDP growth and perhaps already waning from there doesn’t set up next year for anything good. If 2017 is failed “reflation”, what does that hint at for 2018?