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Precious metals news

    Clive Maund: Silver Market Update
Sep 11, 2017 - 07:22:05 PDT
This is likely to be the last chance to buy silver anywhere near to its bottom for this cycle.
The White House said President Trump cut a short-term debt ceiling & government spending deal with Democrats to clear the deck for a major tax bill. But the agreement could be complicating tax efforts by eroding trust within his own party.
When this system goes live, many nations will be able to dump the U.S. dollar for SDRs.
    Who’s Going To Eat The Losses?
Sep 11, 2017 - 06:17:55 PDT
Unsustainable. Many more people need to understand what that word really means, and how it applies to pretty much everything in the current human living arrangement. Especially the so-called....
    The Real Reason Wages Have Stagnated:
Sep 11, 2017 - 05:53:10 PDT
Our Economy is Optimized for Financialization. Labor's share of the national income is in freefall as a direct result of the optimization of financialization. The Achilles Heel of our ...
As perhaps the market realizes, one more hike and the Fed-Funds-to-2Y curve will invert once again...
“We’re now in a bubble of epic proportions for Chinese credit...everything seems to be bubbling to the top & reaching a boiling point almost concurrently."
China might be wary of declaring “mission accomplished,” but it’s hard not to argue that its policy makers have successfully stared down the yuan bears and quashed speculation of a continuous depreciation or big one-time devaluation of the currency.
Venezuelan President Nicolas Maduro said on Thursday his cash-strapped country would seek to "free" itself from the U.S. dollar next week, using the weakest of two official foreign exchange regimes and a basket of currencies.
China plans to ban trading of bitcoin and other virtual currencies on domestic exchanges, dealing another blow to the $150 billion cryptocurrency market after the country outlawed initial coin offerings last week.
Hurricane Irma weakened as it moved past Tampa, leaving in its wake at least 4.7 million without power, millions temporarily displaced and a forecast for as much as 15 inches of rain in what may go down as one of the worst storms in Florida’s history.
Exclusive: Jens Stoltenberg warns of converging threats as Russia mobilises estimated 100,000 troops on EU’s borders
North Korea warned of retaliation if the United Nations Security Council approves a U.S. proposal for harsher sanctions after Pyongyang conducted its sixth and most powerful nuclear test.
The "financial press" demonstrates the lengths at which the cartel will go to downplay and divert attention away from gold. Irma is still a hurricane destroying lives and property, but […]
Last Friday gold hit $1362 for a few minutes in the wee-hours of trading. In what is perhaps adjusting for inflation, even though he is a "Deflationist", Harry Dent has […]
Mannarino says the dumping of dollars will pick up speed, and there is a selloff in US Treasury Bonds coming. Cranking up the dollar printing presses and "boosting them with nitrous oxide" […]
    Weekend Reading: The "Real" Vampire Squid
Sep 8, 2017 - 15:43:40 PDT
There are considerable fiscal risks that many countries face, risks that could at some point confront central banks with extremely difficult choices.
The Friday Gold Wrap podcast provides you with a succinct summary of the week's precious metals news coupled with thoughtful analysis.
People eat gold.
Yes. I know I've touched on this before. But I still don't get it.
I came across a story this week about a caterer in India who was asked to come up with something that would stun guests at a wedding. So, V Sai Radha Krishna decided he would serve rice covered in 24-karat gold leaf.
    Gold Hits Highest Level in Over a Year
September 8, 2017
Gold hit its highest price in over a year Friday, breaking through the $1,350 barrier.
Friday morning, the spot price of gold was over $1,352, its strongest level since Aug. 2016. The yellow metal was up 2% on the week and was set for its third consecutive weekly gain.