Precious metals news

Here's an update on gold & silver including an inconvenient truth coming out of China...

New long specs have entered the market, to which, the bullion banking cartel has happily supplied the paper. Here's more...

The gold trade is officially launched between Hong Kong and Shenzhen. "Gold Connect" looks to internationalize the yuan. Here's more...

The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on iTunes.

A few weeks ago, I told you about a company that is offering a 22-karat gold version of the iPhone. Yes. for a mere $69,995, you can strut about town with a gold phone pressed against your ear.
Well apparently, the folks at Apple want to get in on this action. Maybe they are worried the profit margin isn't going to big enough on the $1,000 iPhone X. Whatever the reason, the company has reportedly filed a patent for making "enclosures for electronic devices" out of hardened gold. According to the CNBC report, the process will create a stronger metal suitable for enclosing Apple gadgets.

Trump said he was going to drain the swamp.
Apparently, the drain is clogged.
Trump picked another swamp creature to chair the Federal Reserve. Jerome Powell got the nod to replace Janet Yellen when her term as Fed chair ends in February. As Tho Bishop at the Mises Institute put it, "this means Trump will ensure that, while the stationary at the Eccles Building will change, the monetary policy guiding it likely will not."

"We're all just pawns being played by the bankers and their media," Craig Hemke tells Silver Doctors on this week's SD Metals & Markets...

Central bank balance sheets have always trended upwards & never decreased. Since this has never been done before, markets are understandably worried.

Friday Wrap: Gold was smashed on Friday as well. Both metals end the week down as the Dow and Bitcoin hit new all-time highs. Here's the latest...

The warfare is safe. The welfare is safe. Even the Federal Reserve is safe under Trump.

The various breaks with gold based currencies over the last century or so has correlated well with our financial shocks/crises indicator

White House economic adviser Gary Cohn said the time is ripe for a fiscal boost to the U.S. economy, disagreeing with the man who was his boss for more than a decade at Goldman Sachs Group Inc.

Italian bank executives and central bankers, take note: people trust you less and less.

Did Turkey's Erdogan have a role in swapping 200 tons of "secret gold" for Iranian oil? Accused Turkish gold trader just invoked Erdogan's name...

Eric Sprott says that gold & silver investors' "day in the sun" is coming, but first, the commercials aren't done cutting their short position. Here's more...

The Yellen-put, Draghi-put, Carney-put and Kuroda-put are all very much alive.

"We​ find it delightfully ironic that in the one month in which waiters/bartenders lost the most jobs on record is when average wages (allegedly) soared"

We like the chart because we’re just as confirmation-biased as the average human—anything that confirms our QE skepticism is cognitively satisfying.

Cue the (delayed) smashing of gold & silver coming off of a horrible BLS Jobs Report (wages miss big and nearly a million drop out of the labor force)...

M1 standalone. So you know when they cranked up the machines.