Precious metals news

Mauldin Economics Chairman John Mauldin and CNBC's Rick Santelli discuss global central bank policy and the markets.

Almost a full year after the election of Donald Trump to the White House, one of the key promises made to voters was the largest "tax cut" since Ronald Reagan

Jim Willie tells Silver Doctors that one of the most important financial events in four decades just transpired and now we’re witnessing the “sunset of the dollar.”

At the risk of looking foolish, I will take a stab at 2.5%. A big boost, however, could come from a change in the GDP deflator.

It owns 40% of Eurozone debt, an uptick in rates will devastate its portfolio holdings & probably create the biggest loss in the history of any central bank.

Kentucky’s General Assembly will need to find an estimated $5.4 billion to fund the pension systems for state workers and school teachers in the next two-year state budget...

There’s a core truth about our financial system that we have yet to comprehend fully: It isn’t serving us, we’re serving it.

Incase you missed it: President Trump Gives Remarks on Tax Reform Published on Sep 27, 2017

The Department of Commerce just released the latest Gross Domestic Product (GDP) data by metropolitan area. GDP represents the total value of all goods and services everyone produces and sells.

Remember back when mortgage lenders loosened credit standards making it easier to get a loan and blew up a giant housing bubble?
That's happening again.
According to a report released by Fannie Mae, lenders facing lower profit margins are trying to expand the borrower pool.
Facing constrained mortgage demand and a negative profit margin outlook, more lenders say they have eased rather than tightened home mortgage credit standards, according to Fannie Mae’s third quarter 2017 Mortgage Lender Sentiment Survey. Across all loan types – GSE Eligible, Non-GSE Eligible, and Government – the net share of lenders who reported easing credit standards over the prior three months reached a new high since the survey’s inception in March 2014, after climbing each quarter since Q4 2016."

Obamacare repeal 3.0 went down in flames Tuesday. According to Bloomberg, opposition from three Republican Senators derailed the latest attempt to dismantle the Affordable Care Act.
Leaders decided the Senate won’t vote before Saturday’s deadline to use a fast-track procedure to keep Democrats from blocking a GOP-only bill. On Monday, Republican Senator Susan Collins of Maine added her opposition to that of GOP Senators John McCain of Arizona and Rand Paul of Kentucky, enough to sink the legislation in the 52-48 Senate."
This raises broader questions: Can Republicans get anything done? Is there any chance of Trump pushing through his ambitious economic agenda?

The real culprit behind the devastation of the American middle class: the Federal Reserve

"Otherwise" is when the central banks make their move. Lynette says the central bankers are letting everybody get comfortable with crypto, but what happens after that is terrible news for anybody who […]

For the first time, since August of 1971- 46 years ago - gold will once again form part of commercial international transactions.

78% of Americans live paycheck to paycheck. So forget about money velocity.

Chairwoman Janet L. Yellen said that the economic outlook is highly uncertain. “Nothing is set in stone,” she said.

Frustration makes us want to jump onto the mainstream bandwagon, but that won't end well. In order to come out a winner on the other side of this gold bull […]

Foreign-exchange havens including gold outperformed the dollar on a volatility-adjusted basis when the bank’s Global Financial Stress Index showed market dislocations

The transitional currency in the move away from dollars, according to Chinese banking sources, may well be gold.

Currently, U.S. economic growth is anemic and still suffering from the after-shocks of the financial crisis. Importantly, much of that weakness is the result of growing stress on consumers.