Precious metals news

The Chinese overnight statement did contribute to a Gold and Silver with a rally as fears rose about global finances is down 1% on the week even with today’s rally.

Pricing of risk kicks the bucket in record central-bank absurdity.

(How Do We Awaken Dorothy From Her Monetary Oz?) President Trump has a problem. And it is who to select as The Federal Reserve Chair by November 3rd.

President Donald Trump’s closest advisers are steering him toward choosing either Stanford economist John Taylor or Federal Reserve Board Governor Jerome Powell to be the next Fed chief, according to several people familiar with the process.

A month after Hurricane Maria knocked out power, 80 percent of Puerto Rico remains without electricity. And progress is slow.

Rising expectations of lower corporate taxes have helped stocks rise to record highs recently.

A compelling case for $1,415 gold. Like 1977, 1987 and 2007, Joseph says gold's move up is not done until it's up 20 percent. Here's why...

Jim Rickards shows you why the Federal Reserve is about to undergo regime change and what it means for interest rates...

The Central Bank is the leader in gold reserves increment among central banks of the world for five years in succession.

Americans, across party lines, remain gloomy about the direction of the nation and are most likely to name the government as the most important problem.

Either inflation rears its ugly head, or the economy rolls over hard, & the Fed needs to keep short rates much lower than long rates. Out of the two possibilities, inflation is one that is tougher to control.

Thirty years ago today, the US stock market had its worst single day in history.
On Oct. 19, 1987, now known simply as "Black Monday," the Dow Jones Industrial Average lost 508 points. That represented 22.6% of its value.
Over the last couple of year, stocks have enjoyed a meteoric rise. The Dow closed above 23,000 for the first time this week. But in recent months, bankers and investors around the world have expressed started expressing concern about the rapidly inflating stock market bubble and its future impact on the world economy. Just last month, Tiger Management co-founder Julian Robertson unequivocally called the US stock market a bubble and blamed it on the Fed's interventionist monetary policy.
At some point, the soaring market will fall back to earth, and MarketWatch columnist Howard Gold says the next crash may prove worse than Black Monday.

A recent note to clients authored by Goldman Sachs analysts, including Jeffrey Currie and Michael Hinds, emphasized the continuing importance of gold and silver to investors, saying precious metals remain a relevant asset class in modern portfolios. The report focused on precious metals' durability and intrinsic value, noting they are neither a historic accident nor a relic, even with new assets such as cryptocurrencies emerging.
The use of precious metals is not a historical accident – they are still the best long-term store of value out of the known elements."
The note also focused on Bitcoin, saying investors shouldn't consider cryptocurrencies the "new gold."

The "something-had-to-give" moment appears to be arriving.

"If it continues like this, a lot of people are going to leave,"

States are falling further behind in the money they owe public employee pension funds...

Investors worldwide face a grim dawn of low returns across debt and equity markets as early as next year, with rich valuations and feeble growth seen pushing gains below historic norms.

Dave Kranzler asks if everybody is "all-in" on the cryptos, who will be there to buy when the selling starts? Dave shows how gold is better than Bitcoin... 

The Office of the Comptroller of the Currency (OCC) reports that total gross notional derivatives contracts owned & outstanding by domestic banks rose for the second straight quarter.

Signs of global dollar-funding pressures are bubbling up in currency derivatives, making it costlier for international investors to protect against swings in the greenback when they buy U.S. debt.