Precious metals news

Bitcoin is a reflection of panic. People trying to get money into a safe place knowing the major governments got their printing presses running 24/7.

Jim Rogers, the famous investor guru & founder of the Rogers International Commodity Index has expressed his opinion that Bitcoin “looks and smells” like a bubble.

Another Cryptocurrency Gets Hacked, Money Disappears. Hackers are dogging cryptocurrencies.

Stewart Thomson says the winds of change are in the air, and that is bullish for gold. Here's why...

Last week, the House passed its version of "tax reform," along party lines. The final vote came in at 227-205, with the entire Democratic caucus opposing the bill. Thirteen Republicans joined the Democrats in voting no.
The debate now shifts to the Senate where things will likely become more contentious. Wisconsin Republican Sen. Ron Johnson has already announced he opposes the current Senate plan. And the Senate bill differs from the House version - significantly putting off corporate tax cuts for a year. If the Senate can get something passed, the two chambers will have to figure out a compromise plan.
Peter Schiff has been saying the Republicans aren't even really attempting to reform the tax system. He called the GOP plans "tax cuts masquerading as reform." Peter is not alone in this thinking.

There's a significant platinum shortage on the horizon according to an industry report.
According to a quarterly report released by the World Platinum Investment Council, a resurgence in demand for platinum jewelry, increasing industrial demand, along with falling production, will lead to a shortfall of 275,000 ounces in 2018.

At the same time that gold broke out of a coiling pattern to the upside on Friday, silver broke out of a Symmetrical Triangle pattern

Gold is in position for another upleg, especially as the 50-day has dropped back to close up with the price and 200-day, creating a bullish bunching of all three.

"one or two market participants wanted the price lower..."

The amended Senate GOP tax bill would reduce federal revenues by an estimated $1.3 trillion to $1.5 trillion over a decade.

Wall Street won’t like it if tax reform fails, or is delayed. And it will be disappointed if it is watered down.

Japan is dealing with what economists call a "demographic time bomb." The country has coped with this in creative and sometimes extreme ways.

"It would be like the US government seizing $22+ trillion of Americans’ wealth..."

Governing Council says it expects interest rates to stay at current levels until “well past” the end of net asset purchases.

In attempting to head off a Bernie Madoff moment, China has set the stage for an even deeper bond market rout.

The highest tax rate was set at 7%– and it only applied to individuals earning more than $500,000 per year, which is about $12.6 million today according to the Bureau of Labor Statistics.

Cryptocurrencies like Bitcoin don't have insurance to cover theft or coding mistakes

The fear of missing out is driving the last holdouts into stocks. Rickards shows why the ingredients are in place for a market correction...

How to hedge against "the biggest risk of all"? Bank of America's Hartnett has two words of advice: Buy Gold.

(10Y Swap Spread ALMOST Positive, 30Y Still Negative Since Fed’s QE) Both the 30-year and 10-year swap spreads remain in negative territory have since the introduction of The Fed’s Quantitative Easing (QE) in late 2008