Precious metals news

The Federal Reserve & interest rate manipulation is to blame for the boom & bust cycles & says how important the balance sheet is.

US gold futures were up 0.1% at $1,345.2 an ounce. "Rising geopolitical tensions, the hurricane hitting the US, and the looming debt ceiling are increasing demand for safe assets,"

Fed Vice Chairman Stanley Fischer has resigned effective in mid-October, giving President Donald Trump scope to start reshaping the leadership of the U.S. central bank sooner than expected and clouding the longer-term outlook for monetary policy.

Federal Reserve Vice Chairman Stanley Fischer has submitted his resignation for on or around Oct. 13, after serving three years at the U.S. central bank.

The Fed should delay raising U.S. interest rates until it is confident inflation that is now "well short" of target will rebound

The US dollar was on course for its biggest daily percentage decline against the safe-haven yen in more than three months on Tuesday on concern about North Korea's largest nuclear test and a Federal Reserve official's comments about low US inflation.. Read more at The Business Times.

As mounting tensions rise from the latest round of nuclear testing out of North Korea, Jim Rickards believes a considerable window is closing by the United States

In an economy in which wages for 95% of households are stagnant for structural reasons, pushing inflation higher is destabilizing.

As the floodwaters brought by Hurricane Harvey last week recede and new hurricane Irma moves slowly toward the Eastern U.S., it might be edifying to review how millions of Americans, despite federal anti-flood efforts, came to live and work in hazardous to dangerous flood-prone areas.

Hurricane Irma, the most powerful storm to form in the open Atlantic Ocean, made landfall in the Caribbean early Wednesday and barreled toward Puerto Rico on a path that may bring it ashore in Florida and destroy so much property that damages surpass Hurricane Katrina.

Global risk sentiment remained gloomy coming into Wednesday, with global European and Asian stocks sliding on growing concerns about North Korea and political inaction in the US, another hurricane bearing down on the US and the American debt ceiling looming.

For one thing, Bitcoin hasn't stood the test of time

There is one scenario in which the yellow metal lives up to its billing as a hedge: currency debasement.

Trump wants tariffs.
That could be good for gold.

Peter Schiff recently appeared on RT's BoomBust with Bianca Facchinei to talk about the falling dollar, the rising price of gold,and what the Fed will do next.
During the interview, Peter made some observations about gold that go a bit against the conventional narrative.
As gold finally pushed through the $1,300 resistance level , most analysts viewed it a direct result of geopolitical tensions, especially North Korea's continuing belligerence. That's certainly a factor, but Peter made a pretty strong case that gold's strength isn't primarily due to safe-haven buying. It's about monetary policy.

What "Coordinated Recovery"? the global market value of government bonds trading with negative yield within the JPM GBI Broad index rose to $7.4 trillion, up 60% from its low of $4.6 trillion at the beginning of the year.

The European Central Bank (ECB) is expected to begin reducing its bond purchases gradually tampering its stimulation program of Quantitative Easing (QE).

There is something much more sinister going on behind the curtain. I have warned that you really are taking your life in your hands doing business in New York

Interesting chart via statista measuring the cost of one hour of light through ages. We find it relevant today as there is much confusion over the concept of deflation and inflation.  It appears ma…

Put another way, Gold is going to be moving sharply higher.