Precious metals news

Long contends the price of gold will shock the world when it revalues to reflect the massive amount of currency that has been printed globally.

After dismal drops in existing and new home sales, this morning's pending home sales data for August was a disaster, tumbling 2.6% MoM (3.1% YoY) to its lowest SAAR since January 2016.

A September 28th & 29th VIX event could set-up the next moves higher in gold and silver prices. Chris says the set-up has been developing for the last five months. […]

The nation's housing market is not healthy; in fact, it is increasingly mismatched with today's buyers.

Meanwhile, towns across the state have been unable to pass their budgets without knowing how much money they will receive from the state.

The plan already faces stiff opposition from Democrats and skepticism from economists.

There could be four more storms before the season ends Nov. Storms certainly will keep coming as the action now shifts to the western Caribbean Sea.

Prepa needed $4 billion of repairs to upgrade its system even before Maria struck the island last week.

Puerto Rico has seen a historic migration in the past 10 years & after the most powerful hurricane to hit in decades, the outflow is sure to hasten.

The Department of Homeland Security (DHS) declined the request to waive the Jones Act, which limits shipping between coasts to U.S.-flagged vessels

Puerto Rico's financial collapse was sparked by repeal of a controversial corporate tax break that sent the island's economy into reverse.

The storm's damage is far worse than anticipated, The devastation from the storm has raised questions about the island's ability to pay on its bonds.

Extraordinary asset price inflation in all its beauty.

Zell: It’s not an area where I would deploy capital at this time providing his outlook on retail real estate

During an interview at the Denver Gold Forum, the chairman of the World Gold Council said he thinks the world may have reached peak gold.
Peak gold means 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 said there are signs we've reached that point. He said in the near-term, production is likely to plateau at best, before slowly declining as demand rises, especially given global political risks and robust purchases by consumers in India and China
We’re not going to fall off a cliff in the near term, but in the same time it’s really hard to see how we’re going to produce enough gold to meet all this demand."

Last December, Dennis Gartman called gold the top commodity to own in 2017. He followed up in March, swearing he wasn't a "gold bug," but then advising "buy gold." Now the man known as the "commodities king" says keep buying gold.
In an interview on CNBC's Futures Now, Gartman declared the bull run isn't over and predicted the yellow metal will hit $1,400 in the near future.
A year from now gold will be demonstrably higher than where it is now."

Same phenomenon leading up to the last housing bust?

Millions of Americans are stuck in places where what little economic stability exists is quickly eroding beneath their feet.

Forget naked shorting on the COMEX, central bank gold leasing, market order spoofing, HFT algorithm selling, and underling traders manipulating the gold price by blowing the stops. Lack of profits […]

(As Average Venezuelan Loses 20 Lbs In Weight). The people of the once thriving country of Venezuela are suffering mightily.  Although lower than the all-time high of 2,432.9%, the current annual inflation rate is 2,274,78%. Compare Venezuela…