Precious metals news

And Bankrupt the Nation

Every once in a while, a mainstream news outlet publishes a piece about the national debt. Here and there, politicians trot out the surging debt as a talking point to make some political hay. Now and then, an economist will wave the red flag. But by-and-large, the national debt just kind of looms over us.
We've gotten used to the shadow it casts, and we generally don't give it much thought. It's kind of like people living at the foot of a volcano. They know it's there. It might cause some low-level anxiety. But they really don't pay much attention to it - until it erupts.
So, just how bad is the national debt? We all know it's pretty bad. But would you believe it's actually worse than you probably think?

After surging in August and September, inflows of gold into gold-backed ETFs flattened, but remained in positive territory in October.
Global gold-backed ETF funds added 3.3 tons of gold last month, as inflows into European funds offset outflows in North America. according to the latest report by the World Gold Council. 

Here are the latest developments.

US credit card debt once again rose above $1 trillion, despite a recent sharp downward revision to the data, while both student and auto loans rose to a fresh record high...

Nothing has been the same since the financial crisis and the Dodd-Frank Wall Street Reform and Consumer Protection Act was signed into federal law by President Barack Obama on July 21, 2010. Dodd-Frank created the Consumer Financial Protection Bureau (CFPB). Whether you like more regulation or not, Dodd-Frank and the CFPB have had a chilling effect on…

China has experienced a 9.8% drop in gold production, and now many Chinese mines say that they have no way to meet growing demand. Here's more...

Robert Shiller, professor of economics at Yale University, discusses investor sentiment, valuations and more with Eric Chemi.

As the markets crash, the oil price will head down with it. Unfortunately, this will be the final blow to the U.S. Shale Oil Ponzi Scheme & with it… the notion of Energy Independence forever.

Oil prices fell on forecasts for rising U.S. crude output and a gloomier outlook for demand growth from the International Energy Agency.

Some indicators pointing to a year-end selloff

The California Public Employees’ Retirement System, the largest U.S. pension fund, is considering more than doubling its bond allocation to reduce risk and volatility as the stock bull market approaches nine years.

Congressional Republicans pushed ahead on a U.S. tax code overhaul as a Senate panel considered the issue, but risks lay ahead with major disputes unsettled.

First Majestic Corp.​ refined bullion bars are shown at the beginning, but the segment focuses on the mining and silver extraction process.

Is this the start of a move down in the dollar and up in the precious metals? Here's a look at the price action so far today...

In Gold We Trust Keynote Presentation: Ronald-Peter Stöferle Investment Manager, Incrementum AG

Gold futures bounced off their 200-day moving average on huge volume (around $4.5 billion notional) breaking above the 100DMA...

Keith talks about the recent and exciting price action in gold and silver in his latest update...