Precious metals news

If there’s no rate hike, gold, euros, yen and Treasury notes will all soar.

Mike Papantonio talks with Danielle DiMartino Booth about how a new federal lawsuit says Goldman Sachs and other Wall Street banks rigged the U.S Treasury Bond Market to gain profits for themselves. Transcript: Mike Papantonio: A new federal lawsuit filed in Manhattan says Goldman

If the Republican tax cuts bill becomes law, it will immediately trigger a $25 billion cut in Medicare. That's because of mandatory spending cuts that will kick in as a result the tax bill’s $1.5 t...

Uncertainty looms over the bill after a report revealed that it would add more than $1 trillion to the deficit over 10 years.

Tax cut plans were thrown into confusion by the realization​ that the US Treasury Secretary repeating "tax cuts pay for themselves" does not, in fact, make it true. A tax increase trigger mechanism was also ruled out.

It's 8:30 so we know it's hammer time, but the tax cuts are bogged down with two major uncertainties. Here's an update...

Republican leaders are racing to find support for their tax bill just hours ahead of a critical vote, harkening back to the health care bill debacle this summer that left them empty-handed​.

Senate Republicans are struggling to salvage sweeping tax legislation they see as vital to their political fortunes amid an intra-party squabble over deficits

Harvey has uncovered the latest scheme coming out of the COMEX which revolves around when they release their data. Here's an update...

"The dollar crashes, and then all hell breaks loose in all markets..."

"In recent weeks, the War on Gold, which is a subset of the broader War on Human Freedom, has sharply intensified..."

Since pushing above $1,300 in late August and then falling back below that level again in September, gold has been trading within a very narrow range and volatility in the market has remained low. But during an interview on CNBC Futures Now, metals expert Michael Dudas of Vertical Research said he sees a breakout on the horizon.

Loose monetary policy has dumped billions of dollars of easy money into the world’s financial systems over the last eight years, pumping up a whole slew of bubbles. We are still on the upside of the business cycle, with stock markets hitting record levels it seems like on a daily basis. But if history serves as any kind of indicator, a crisis is on the horizon.
What will precipitate it? That's the proverbial $64,000 question.
Jim Rickards has compared financial crises to an avalanche. Snow piles up becoming increasingly unstable. Eventually, it reaches the point when all it takes is one more snowflake to set off an avalanche.
In a recent column, Rickards highlights three potential "snowflakes" that could set off the next deluge.

Warning that there is a "risk of an inverted 2s/10s curve as early as the March meeting – if not, then by June."

Yellen “Very Worried about Sustainability of US Debt Trajectory.” But only a few lost souls in Congress care.

Pointing at “excesses,” “distortions,”& “imbalances.” Margin debt in the stock market hit another record, $561 billion at the end of October, up 16% from a year ago

Investors that fail to heed the warning signs will likely ensure themselves a rude awakening over time.

Jim says the time to take a position in gold is now, and then watch these three key dates before December 13th. Here's the details...

A video sharing views on the current tax legislation