Precious metals news

Deflation in an economy as debt-burdened as ours is could be catastrophic.

The result? Explosive debt growth. Conclusion? DEBT STAR!!

1985 was the worst year for the USD in almost 40 years, so if we stay on the current path expect the USD to drop further

Once again Service-providing jobs dominated (+174k vs +4k for goods) with manufacturing losing 4,000 jobs in July.

After being teased and pushed to the ground twice this year, the otherwise mature and conservative Gold is striking back. SD Midweek covers the latest activity in all the important […]

With almost $29 trillion in overall debt, Beijing must come up with a Great Deleveraging.

European Central Bank and the German Bundesbank, summarizes the situation: “The euro crisis is not over.”

Ease and cease. That’s what economists and traders are expecting from India’s central bank, which decides interest rates on Wednesday.

Staff workers have been given a “derisory” below inflation pay offer of 1 per cent for the second year running, with up to a third told they will not get a pay rise in 2017.

Camp grows in Sydney center as housing affordability worsens. Rental housing out of reach for 99% of low-income earners

Big Three carmakers reporting declines that were worse than expected.

And it just tried to dunk on #17...

Historic coin experts say they have found the first silver piece minted by the US & believe it was likely held by Founding Father & founder of The Post — Alexander Hamilton. David McCarthy,

Debt in the US is the mother of all bubbles.
The US government is more than $20 trillion in debt, with actual unfunded liabilities pushing far higher. Meanwhile, American families have amassed more than $1 trillion in credit card debt alone.
During a speech at Cambridge House IMWC earlier this summer, Peter Schiff discussed the massive levels of government, corporate, and personal debt in the US and how it will eventually take the air out of America's bubble economy.
Peter starts the speech by showing the economy isn't nearly as great as the mainstream pundits claim. He highlights the massive levels of debt, how the government manipulates employment numbers, and the very real problem of inflation. Then he shows how Federal Reserve policy has gotten us into this predicament and the choice it will ultimately be forced to make. Peter says in the end, the Fed will sacrifice the dollar.

July was a good month for gold.
The yellow metal was up 2.1% on the month, driven in large part by a weakening dollar and political uncertainty in the US. It was the strongest month for gold since February.
The price hit $1,270.98 on July 31, the highest level since mid-June.

Chris Vermeulen's indicators are flashing these signals in light of the stock market slow grind

Former Fed Analyst and Advisor Danielle DiMartino Booth Breaks Down the Job Market

This downside surprise suggests notable downside revisions to Q2 GDP (from its 2.6% annualized level).

There is an increasing amount of commentary which suggests this time is different. Active management of portfolios is no longer needed, as Central Banks