Precious metals news

President Donald Trump and Treasury Secretary Steven Mnuchin met Thursday with Hoover Institution fellow Kevin Warsh to discuss potentially nominating him as the next chairman of the Federal Reserve, an administration official said.

Influential British think tank warns "If this war is launched, it will not be surgical or short," the Royal United Service Institute said.

President of Venezuela, Nicolas Maduro, has made good on his promise to forsake the US dollar & publish their oil prices in yuan, which is the currency of China.

The U.S. is halting visa processing in Cuba indefinitely & is pulling roughly 60 percent of its staff out of Cuba after "specific attacks" on U.S. diplomats.

Michael Ballanger says that more short-term pain is coming to the precious metals, but we are at a crossroads. Here's what Michael says to expect...

“The supply chain in Puerto Rico is broken,” said Sen. Marco Rubio, R-Fla. “It’s not just broken it is shattered.”

McCain: a temporary waiver from the Trump administration is "insufficient" to help the island rebuild from Hurricane Maria.

Retired Gen. Russel Honoré "I don't know what the hell is going on!" - "Puerto Rico is bigger than Katrina,"

The power structure of the global financial system is still based on gold. Why would they otherwise hold gold as reserves?

Big futures trade adds to steepening momentum amid selloff.- Traders in the $14.1 trillion Treasuries market are signaling that the persistent flattening of the yield curve this year has gone far enough.

It’s a con, and a shell game. It's a promise every presidential candidate makes, But we ought to be suspicious of grandiose talk about Congress reforming anything.

Every dollar spent is not equal. In some cities like NYC or SF, it will buy you far less - and in other places, a dollar has much more buying power.

Many young homeowners in booming cities owe more than they earn, and some even falsify salary details to get bigger mortgages

Earlier today we learned that the Third Estimate for Q2 GDP came in at 3.1%, up from 1.2% in Q1. With a per-capita adjustment, the headline number is lower at 2.4%.

Gary Christenson has gone over the Fort Knox gold story, and he arrived at three possible scenarios about what happened to our gold. Steve Mnuchin may be "glad gold is […]

Janet Yellen this week cast doubt on the Fed's announced plan to continue Fed rate hikes and reverse its years of "unconventional" monetary policy. 

When we reported on the Toys R Us bankruptcy, we argued that it wasn't just about shifting shopping patterns away from brick and mortar to online companies. A recent article on TechCo complaining that millennials are broke backs up our assertion.

Earlier this month, we reported a move by China that could foreshadow the end of the US dollar as the world reserve currency. The Chinese announced the launch of a gold-backed, yuan-denominated oil futures contract. The move potentially creates a way for oil exporters to circumvent US dollar denominated benchmarks by trading in yuan. The contracts will be priced in yuan, but convertible to gold.
More broadly speaking, Russia and China seem to be setting the stage to set up an alternative the international US dollar system. Many analysts believe the two countries are buying gold specifically to minimize their dependence on the US dollar. Russia and China are also reportedly moving closer to developing a broader gold-based trading system.
In an article originally published on the Mises Wire, Ronald-Peter Stöferle digs deeper into the possibility of "de-dollarization."
The world is looking for alternatives to the dollar — and finds them more and more often."

The bulls declare, with straight-faced confidence, that valuations in the 95% decile should be ignored because a synchronized global expansion will “earn out” from these extended metrics.

If the Dow Jones Index were to decline to the same ratio to oil back to its low in early 2009, it would need to lose 14,500 points or 65% of its value.