Precious metals news

What it all means stock and credit markets are at risk of a painful drop.

Trump’s threats about shutting down the government & ending the North American Free Trade Agreement caused U.S. stock-index futures to pare gains & drop as much as 0.3 percent. Dow futures were down 0.2 percent as were E-Mini Nasdaq 100 futures.

We've had a lot of questions from customers asking what Mike thinks about Steve Mnuchin's visit to Fort Knox.

With so much currency floating around and nothing to spend it on, there's a new way to use all that worthless Venezuelan fiat...

The stage is set and the music is blaring the tune "Immediate price surge"

Some of the biggest names on Wall Street were selling

One of the leading policy guideposts for central banks and many monetary policy proponents nowadays is the idea of “inflation targeting.” Several major central banks around the world, including the Federal Reserve in the United States, have set a goal of two percent price inflation.

Within the space of a year, its loan repayment rates have fallen from 90 per cent to 57 per cent – leading to profit warnings, the departure of its chief...

Shew. The gold is still there.
That's a relief.
Treasury Secretary Steven Mnuchin paid a rare official visit to Fort Knox to check out the nation’s gold stash Monday.

Silver is generally treated like gold's little brother, and tends to get lost in the shuffle. But a recent Business Insider article listed five good reasons to buy silver.
Like gold, silver is money. It's historically been a good safe-haven investment and a hedge against inflation. But it also serves as an industrial metal. Silver is used in energy production, computers and electronics, and the biomedical industry.
As Peter Schiff pointed out in a video last month, silver is extremely undervalued right now. The current silver to gold ratio stands at 75:1. This means you can buy almost 80 ounces of silver with one ounce of gold. Consider that the historic average ratio is around 16:1.

As billionaire hedge fund manager Ray Dalio joins a chorus of prominent investors saying it’s time to offload risk, gauges of sentiment show the market is already getting the message.

“Sooner or later everyone sits down to a banquet of consequences”

The other option: too ugly to even imagine.

These are just reminders to keep you grounded in the reality of how money, and investing, REALLY work over the long-term. While it is easy to get lost in the excitement of the moment, the brutal return to reality has always been a costly lesson to re-learn.

Since 2010 were starting to see significant supply in all real estate.

Bottom line:  HOUSE PRICES and end-user, shelter-buyer fundamentals have never been further apart in key, economically significant cities. The two charts presented in this note highlight just how diverged HOUSE PRICES have become from end-user, shelter-buyer, employment and income fundamentals in the most populated, economically significant US cities. I maintain that HOUSE PRICES are always

M2 Money Velocity (better known as GDP/M2 Money Stock) continues to collapse. In fact, M2 Money Velocity hit its peak in Q2 1997 under President Bill Clinton. And it has been mostly downhill since then. One interesting aspect of monetary policy during the Clinton years, specifically in 1995. Proir to 1995, real GDP growth YoY…

So while banks are “too big to fail” & “too big to jail”, government is not “too big to fail” since they depend upon people buying the debt which never ends

The United States should "immediately correct its mistake" of imposing unilateral sanctions on Chinese companies and individuals to avoid damaging bilateral cooperation, a Chinese embassy spokesman said on Tuesday.

If you can stomach the volatility in the gold & silver mining stocks, you might get lucky, but there is a strategy that has outperformed the markets for 16 years...