Precious metals news

President Trump may not have been the only one who stared too long into the sun yesterday...

One of them is at the end of the rope, the other one is barely catching up, and $3,000 is just the beginning...

Bill Murphy tells Silver Doctors that the gold cartel is on the verge of failure. Silver is also ready to explode, and it doesn't have to hit $50 first to […]

During its last session, the Kansas legislature voted to raise taxes. The national media and left-wing politicians immediately began finger-pointing, calling the state's five-year tax cut experiment an epic failure.
In 2012, Kansas implemented an economic reform package that included a reduction of the top income tax rate from 6.45%  to 4.9%. The plan eliminated income tax on some businesses altogether. At the time Gov. Brownback called the plan “a shot of adrenaline into the heart of the Kansas economy.”
It didn't quite work out as planned. Government expenses are expected to outpace income by $1.1 billion through June 2019. The legislature reversed course.
So what happened? One obvious answer is that you can't just cut taxes. Government needs to shrink proportionately. That didn't happen. But as economist Kel Kelly points out in the following article originally published at the Mises Wire, there is more to the story. It wasn't a failure. You just have to understand how...

The question is will he do it?
During a rally in Arizona, President Trump threatened to let the government shut down if Congress doesn't come through with funding to build a wall along the US-Mexican border.
If we have to close down our government, we're building that wall. We're going to have our wall. The American people voted for immigration control. We're going to get that wall."

Today's home sales crash confirms the ongoing real estate implosion, but the gold sector is getting very hot...

That very odd Mnuchin gold Tweet was a signal, it was a message, and it was to a specific group. But a "gold audit" is the least of the nation's […]

Cashin: I think we will get a couple of surprises in Jackson Hole

Germany’s central bank has successfully moved $27.9 billion worth of gold bars from New York and Paris to Frankfurt in a Hollywood-style transfer.

Inflation rates have been unusually and persistently low. It has complicated monetary policy decisions & undermined the range of institutional solutions.

The inflation problem really isn’t about inflation. It is about macro risk and what that means for more than just this or next year.

As MS cross-asset strategist Andrew Sheets noted, "none are easy, but we see the debt ceiling as the most immediate test."

Christopher Whalen levels that the current mortgage finance environment could be seeing a bloody game of thrones ending. Here's the latest...

“The fact that he tweets about it saying the gold is here, I would say that it's alarming, very amateur on the part of government.

The best sort of “monetary policy” is competition on the market. Not one dictated by government.

Look to Gold to move higher on Janet Yellen and Mario Draghi as they reiterate their concerns on inflation data

New Home Sales crashed in July (down a shocking 9.4% MoM compared to expectations of unchanged) following the collapse of household formations in June.

And when that happens the economy goes into recession, and the stock market corrects violently.

he told reporters after his speech. “Some people say ‘Oh, QE is immoral, because it creates money out of nothing.”’

ECB president Mario Draghi defended quantitative easing & forward guidance, but warned of further challenges ahead.