Precious metals news

How would you like to wrap yourself in gold?
I mean literally wrap yourself in gold.
You can do it if you check into the Seven Stars Ottagono Presidential Suite at the TownHouse Galleria, a 5-star luxury hotel in Milan. The room features specially crafted 24-carat gold sheets.

We're partying like it's 1928.
Of course, that was the year before the Black Tuesday stock market crash and the beginning of the Great Depression. During a recent interview on CNBC's Power Lunch, Morgan Creek Capital CEO Mark Yusko said he sees a lot of parallels between today and 1928-1929.
I have this belief that we're flowing toward the path of 1928-29 when Hoover was president. Now Trump is president. Both were presidents with no experience who come in with a Congress that is all Republican, lots of big promises, lots of things that don't happen and the fall is when people realize, ‘Wait, it hasn't played out the way we thought.'"

“Because the neutral rate is currently quite low by historical standards, the federal funds rate would not have to rise all that much further to get to a neutral policy stance.”

“All were set off by a deflation of excess credit. This was the one factor in common.”

Nomi Prins while speaking on central bank policy in Japan warns that easy money policy from central banks puts us all at risk...

There seems to be no shortage today of investors and pundits criticizing the market interventions of the world’s central banks.

“Financial Crisis Of Historic Proportions” Is “Bearing Down On Us”: Prepare for Turbulence Warns John Mauldin...

...Exactly Where We Would Expect It To:

The reality is that they don’t have a clue what they are doing, & are flying by the seat of their pants much more than most realize.

We all remember how that turned out: the bubble burst leading to the greatest financial crisis in 80 years. Well, today’s bubble is WAY larger than that of 2007.

In short, pretty much every major economic growth & asset valuation metric in the U.S. is flashing red warning signs relative to historical norms.

There are several factors that could cause the VIX to increase in the coming months; personally, we believe it may double. Here are four reasons why

The physical precious metals bid will go infinite - big players holding useless cash will buy up all the gold & silver that’s available

“One day you will not be able to dismiss them and you will see a huge move in the precious metals”

..all the promises based on soaring debt can be paid--it's all an appealing fantasy. Believe these fantasies at your own risk.

There's nothing natural, real, or sustainable about the current Yellen boom—so stay tuned for Mark's explanation of how it can all unravel.

As 'Hope' Disappears

JPMorgan Chase lowers its net interest income forecast for the year and says trading revenue fell.

Real monthly federal spending topped $400 billion for the first time in June, when the Treasury spent a RECORD $428,894,000,000

This is not the data the Fed was looking for: after the 4th consecutive miss in CPI data, moments ago the Census Bureau also reported June retail sales which was unexpectedly poor, missing across the board once again