Precious metals news

Irish PM brands banks’ behavior scandalous, threatens taxes

The central bank has remained ultra-accomodative in the years since the global financial crash and the euro zone sovereign debt crises

Look over Mike's shoulder as he examines gold and silver prices and the commercial activity around them. Including analyses of the Commitment of Traders Report (COT), historical chart patterns, and the gold silver ratio.

Granted, the more consensus the wager, the greater the pain should it fail. Especially since most yield-curve measures are close to their lowest levels in a decade.

"I would let the tax writing committees do their work," senator says on "CBS This Morning"

As cyberattacks increase, Mike is worried about keeping cash in the bank. If the U.S government, Equifax, and power plants can get hacked, our banks are probably next. So what money can't be hacked? Mike discusses in this new video.

It was one of the coolest scenes in the Adventures of Superman show: Clark Kent ripping back his business suit to reveal the Superman outfit underneath while he sprints to save the day. Probably millions of people have seen that transformation.Well, a similar transformation may be underway with gold, one that shows this market may be ready to fly…

Venezuela this month allowed a $1.7 billion gold swap with Germany's Deutsche Bank AG (DBKGn.DE) to lapse, according to an opposition legislator who said it weakens the balance sheet of the crisis-stricken OPEC nation's central bank.

The surprising link between the stock market and unemployment — and why the next few months are critical...

The biggest (or most likely threat) from the national debt is what economists refer to as a debt trap. The nation can be considered caught in a debt trap if the Federal Reserve loses the ability to raise interest because the rise in interest would immediately drown the economy or cause the nation to default on its debt.

As much as Wall Street wants everybody to stay as far away from gold as possible, here's a NYC hotel where gold can be ordered for room service. Seriously...

We need to stop saying global economic growth and trade are showing meaningful strength &d then agree that everything is still horrible and we can’t afford to change.

Global debt growth is holding back GDP expansion according to a report from Moody's and support by the IMF and IIF.

While some are preoccupied (like me) with how the next Federal Reserve Chair is going return to monetary normality (and unwinded the $4.4 trillion balance sheet), others (like me) worry about the unsustainability of US Federal spending. Particulalry how much politicians have promised Americans in terms of entitlements. Here is a chart showing Government total…

Mortgage-driven household debt. Many China watchers are also worried about the rapid growth in household borrowing fueled by real estate purchases.

The contract has lapsed. Venezuela will get another $500,000,000 (USD) and Deutsche Bank gets the gold. Here's the latest developments...

China has been working hard to convince the world that it’s not a financial crisis waiting to happen.

A new International Monetary Fund report finds that high levels of household debt can deepen recessions. US households are more indebted than ever.

An increase in the import duty hasn't dampened Indians' appetite for gold. It's just pushed the market underground.
Gold is such an important part of the Indian economy, people will do whatever they have to in order to get their hands on the yellow metal - including skirt the law. According to a recent report by the Hindu, occurrences of gold smuggling have risen rapidly in the wake of higher import taxes.
Ever since the import duty on gold was raised to 10%, the country has reportedly witnessed a rapid rise in the quantum of gold brought into the country illegally. Currently, government levies total 13%, including IGST of 3%."

Harry Dent is a long-time gold bear. He used to say gold would fall to $250. He's revised that prediction up a bit, but still calls for a steep decline in the price of the yellow metal - perhaps to as low as $700.
Peter Schiff took on this notion during a recent interview on RT's Boom Bust and explained why he thinks Harry is wrong.
The bottom line is Dent has too much faith in the US dollar.