Precious metals news

US Industrial Production fell -0.9% MoM in August, the worst decline since May 2009 during The Great Recession. The Federal Reserve blamed the decline on Hurricane Harvey.

It’s a bold statement, but Mike Maloney predicts that based on history, the US will be forced into a new monetary system by the end of this decade.As he explains in his new video, Reason #8 Why I Own Gold and Silver, the world has formed a new monetary system every 30-40 years. The US is overdue.Many citizens aren’t aware of it, but America has had four monetary systems in just the past 100 years:That’s why Mike believes the US dollar is overdue for its demise…History Says the US Dollar Has an Expiration Date

The Fed has tried to reduce its balance sheet six times in the past, with five ending in recession

the world’s second-largest economy could be using this fledgling sale as part of its steady march to open its financial markets to the world and revamp its underdeveloped financial infrastructure

A ranking of the most sophisticated economies in the world - and also a look at the movers and shakers in terms of economic complexity.

It’s not a giveaway; it’s a permanent economic stimulus.

The expectations for a Fed hike in December have been seriously questionable

Bitcoin tumbled, heading for its worst week since January 2015, after people familiar with the matter said China aims to stop exchange trading of cryptocurrencies by the end of September.

North Korea’s second missile launch over Japan in as many months flew far enough to put the U.S. territory of Guam in range, a provocation that comes days after the United Nations approved harsher sanctions against Kim Jong Un’s regime.

Suggesting that they will do "whatever it takes" to get economic growth (QE moar cough), no matter what inflationary impact.

Peter Schiff has been talking a lot about the weakening dollar. In a recent Schiff Report video, Peter said he sees the "mother of all dollar bear markets" on the horizon. The dollar has already dropped about 12% on the year, and it’s on track for its worst year since 1985. That was the beginning of a decade long bear market for the dollar. Peter says he thinks this one will be worse.
I think this one is going to be the mother of all dollar bear markets, and I think the dollar is going to fall much further than it did in any prior bear market.”
The following article by economist Dr. Daniel Lacalle, published at the Mises Institute FedWatch, provides some further insights into monetary policy by looking at the strength of the euro in relation to the dollar. His analysis sheds light on the relationship between strong and weak currencies, and the cost and benefits of each.

With the stroke of Pres. Trump's pen, the national debt officially surged past the $20 trillion level. That number alone is staggering, but the increasing debt has further ramifications analysts seldom talk about. For every dollar the debt increases, the amount of money the government has to fork out every year just to service the interest payment goes up as well.
We're talking staggering amounts of money.

The cache, known as the Fæsted hoard, is the second-largest known haul of Viking gold & the biggest in Denmark.

The Consumer Price Index for Urban Consumers (CPI-U) released this morning puts the year-over-year inflation rate at 1.94%. It is below the 3.76% average since the end of the Second World War and just below its 10-year moving average, now at 1.75%.

Here is a table showing the annualized change in Headline and Core CPI, not seasonally adjusted, for each of the past six months. Also included are the eight components of Headline CPI and a separate entry for Energy, which is a collection of sub-indexes in Housing and Transportation.

Let's do some analysis of the Consumer Price Index, the best known measure of inflation. The Bureau of Labor Statistics (BLS) divides all expenditures into eight categories and assigns a relative size to each.

So simple, yet utterly insightful. Koos Jansen just nailed it with only one sentence that cuts through all the rumors and speculation and speaks directly to the heart of the […]

The World Gold Council is not all bad because today they unwittingly let slip this little nugget of truth coming from the MSM which would otherwise have been buried and not […]

This is going to be like rocket fuel for inflation trades. Smart investors will use this trend to make literal fortunes.