Precious metals news

Time & time again, the Fed sows seeds of the next financial crisis in actions it takes to mitigate the previous financial crisis that it caused.

Offers To Buy Unlimited 10Y JGBs At 0.11%. the BOJ - the central bank which owns 100% of Japan's GDP in bond terms and can't afford any sharp, or not so sharp, moves higher in yields

Janet Yellen, Mario Draghi and their sidekicks are now closer to getting it wrong, so investors should prepare to hit the eject button,

The two-year budget stalemate in Illinois is finally over -- but the state's daunting financial troubles haven't gone away.

Despite the better than expected job growth, wage growth once again disappointed, with average hourly earnings rising only 0.2%, missing expectations of a 0.3% increase

Chinese President Xi Jinping took a swipe at the U.S. for retreating from globalization, exposing the tensions before a meeting of world leaders divided over everything from trade and climate change to handling North Korea’s provocations.

Silver the subject of significant debate the past few hours as a flash crash that saw the metal plummet to the $14.27 handle

Follow the latest developments from Hamburg at the 12th meeting of the leaders of the world’s major economies

The following article by Ryan McMaken was originally published on the Mises Wire and is reprinted with permission
Earlier this month in the Wall Street Journal, James Grant explored the latest academic attack on the gold standard — this time in the form of One Nation Under Gold by financial journalist James Ledbetter.
Not that the establishment economics profession needs another book trashing gold. Among the university- and government-employed PhDs who hand down their wisdom about economics from on high, few have anything but disdain for the yellow metal.
Grant knows this all too well.

Lawmakers in Illinois appear on the verge of passing the state's first budget in two years. The measure includes a $5 billion tax increase on the good people of of the state. But the Illinois' finances are in such a mess, even that may not be enough. It looks likely that even if the politicians get things done and finally pass a budget, the state still may find its credit rating downgraded to junk.
This shows just how bad things are in the Land of Lincoln. Let this sink in for a moment - the state is so far in debt that not even a $5 billion income tax increase can't put its fiscal house in order.

Gold is watching and waiting, moving down on deflation fears and then up again on the view that the Fed will have to reverse course.

A historically reliable options indicator is flashing a warning sign right now for the Financial Select Sector

What can you do about it? Watch markets closely, hang on to gold just in case of emergencies

As the overhang of debt obligations mount & the productivity of debt declines, America finds itself in a hole.

"We expect that the Fed will soon need to move to a neutral from tightening bias."

With the Italian banking system in the spotlight, analysts have highlighted that Germany’s lenders are still not out of the woods

Hamburg's police forces are bracing themselves for violent anti-capitalist protests on Thursday as world leaders descend into Germany for the G20 summit.

Technically “the dam broke” in German 10-year bunds and “the cascade quickly flooded sell orders into 10-year futures, with the biggest ‘emergency’ overnight volume in months,”

For those who continue to be frustrated by the low precious metals price, silver is down another 20 cents as I write this article, take a GOOD LOOK at the […]

But now the first feeble reactions as stocks and bonds fall.