Precious metals news

Government debt is already high, but the would-be strongman in power decides to pile on even more by increasing the budget deficit, arguing that this will boost prosperity to previously unattainable levels.

As Greek 10Y Yield Hits Lowest Level Since 2009 (Unemployment Still Over 20%). Now that the drama over The Fed Chair selection is over, we can focus of other earthly matters, like Greece sovereign debt restructuring.

Bank for International Settlements: China’s excessive debt growth was signaling a banking crisis in the next three years

Thus far, the BOJ has bought up 40% of all Japanese Government Debt – & that percentage is increasing with every month that passes. This is a truly extraordinary experiment in monetary policy.

Ultra-low interest rates and an expansionary European Central Bank have stoked a borrowing spree that’s already eclipsed all of 2016, two months before the end of the year.

Bank of England policy makers raised interest rates for the first time in a decade, yet expressed concern for Britain’s Brexit-dented economy by indicating that another increase isn’t imminent.

Details are starting to emerge — including a new proposed top tax rate and a compromise on the state and local tax deduction.

Talking-point highlights of the House GOP tax bill have been released. They include:

House Republicans are expected to unveil a tax reform plan that would permanently lower the corporate tax rate to 20 percent, sources told CNBC.

Expansions don’t die of old age. Rather, they typically are brought down by the bursting of asset bubbles, shocks like natural disasters or political upheaval, or errors by central banks.

Jim says nobody should be surprised if the next financial panic begins tomorrow. Here's why, and what to do about it...

While gold has held its own on FOMC day, silver is the the light that shines bright today. Here's why...

It was a headline designed for shock value. The title screamed, Investors Dumping SLV at Fastest Pace in 6 Years! The headline came from Bloomberg, the epitome of “mainstream” news in my opinion. The article reported that investors were “dumping” holdings in SLV, the largest silver exchange-traded fund. They claimed the silver market had been “hit by a gale force, spurring an exit from ETFs backed by the metal.”

Which One’s A Bubble & How Much Energy Do They Really Consume. If a person wants to own and speculate in Bitcoin… that’s fine. But, it is much more prudent to hold most of one’s wealth in physical gold and silver rather than Bitcoin.

Total gold consumption, including jewellery and bullions but excluding the central bank’s purchases, rose 16% to 815.9 tonnes in the first nine months of the year.

Bill Gross discusses his views on the yield curve, what he sees for bonds going forward and what the Fed’s decision to leave rates unchanged means for markets.

The Federal Reserve balance sheet has risen by over $5 billion in October - the biggest monthly rise since February.

valuations will reach a tipping point and the masking of fundamental weakness will be exposed.

During the Denver Gold Forum last September, the chairman of the World Gold Council said he thinks the world may have reached peak gold. That is the point where the amount of gold mined out of the earth will begin to shrink every year, rather than increase, as it has done pretty consistently since the 1970s.
Randall Oliphant is not the only high-profile person in the gold industry expressing concern about gold supply over the long-term. Franco-Nevada chairman Pierre Lassonde also expects a significant dip in gold production in the coming years. During a recent interview with the  German financial newspaper Finanz und Wirtschaft, Lassonde said we’re seeing a significant slowdown in the number of large deposits being discovered. The big question is how will the industry replace the massive gold mines that have produced large amounts of the yellow metal over the last 130 years or so?

The Chinese are buying gold again after a slump in consumer demand last year.
Meanwhile, Chinese gold production is falling.
According to data released by the China Gold Association, gold demand rose 15.5% through the first three quarters of 2017. Demand totaled 815.9 tons, pushed upward by a resurgent jewelry market.