Precious metals news

The weaker number is supportive for gold because it may give the Fed reason to delay lifting further interest rates

It was the fact that total indebtedness reached a new all-time record that sent the mainstream media abuzz with questions about the economic implications.

These are asking rents in multifamily apartment buildings. Single-family houses or condos for rent are not included.

Hourly Earnings Also Disappoint. The unemployment rate also disappointed, rising from 4.3% to 4.4%, while avg hourly earnings missed, rising 2.5% in August, below the 2.6% estimate and the same as July.

Jobs data was just about to be released when HOUSTON WE HAVE A PROBLEM. Gold & Silver spike massively when data did not hit the tape. Dollar is TANKING. Get […]

Russian President Vladimir Putin warned on Friday that the tense standoff between North Korea & the U.S. was on the verge of large-scale conflict & said it was a mistake to try

Gold recently cracked through the $1,300 resistance level. Geopolitical instability continues to push the yellow metal higher as investors seek safe haven.
But as the spotlight shines on gold, it's important not to forget about silver. Analysis shows it may well be the bargain of the century.

The economy is essentially the same as it was under President Obama. The big difference is how President Trump is spinning it.
During a recent interview, Joe Rogan interspersed Peter Schiff's comments with clips of Trump before and after the election. The resulting video vividly illustrates the difference between Trump the candidate and Trump the president. Peter said candidate Trump was telling the truth.
That's what's really bothering me about Trump is the hypocrisy, because when Trump was a candidate and he got elected because by and large he told the truth about the phony nature of the recovery. Obama was out there talking about how great things were, and Trump was like BS, it's not that great."

Silver Eagle sales surged by 300,000 on Monday, August 28th and another 300,000 on Tuesday, August 29th:

In such circumstances, we strongly believe gold could turn out to be an under-owned and well-priced insurance policy.

A weaker dollar and global tensions are all supporting precious metals

Jim Rickards is calling gold more than just money, and the two very real things in this post title only require the stroke of a pen. Is Jim broadcasting a message […]

Stocks are more overvalued than anytime in history. The Bear-Market Signals Are Multiplying

The issue of credit default swaps (CDS) in 2017 is running at twice that of last year reflecting rising concerns of another coming crash. The number of hedge funds and banks dealing with highly sensitive credit derivatives has reached almost $30 billion in 2017 up from only about $ 15 billion in 2016 and just $ 10 billion back in 2015.

Ken Rogoff just recently urged central banks to start preparing for the next recession now.

“For the first time in many years, traders & investors are asking me whether they can invest in gold,”

A statement which immediately spooked algos into dumping the USD...

Following a plunge in existing home sales and new home sales, pending home sales slumped in July, dropping 0.8% MoM (missing expectations of a 0.3% rise).

(The Dreaded Inflation Mirage) Fed Chair Yellen & the (FOMC) are frustrated in their inability to generate even 2% inflation (as they define it)

(Real Estate, C&I, Credit Cards, Auto Loans) Major commercial bank lending activities are deteriorating with C&I loans contracting the most.