Precious metals news

This is how desperate the Italian Banking Crisis has become.

When banks fail and regulators decide to liquidate them, it happens on Friday evening so that there is a weekend to clean up the mess. And this is what happened in Italy – with two banks!

President Donald Trump has promised the largest tax cut in history, but for scores of the biggest U.S. corporations, it might be just a tax nick.

One minute after 4am EDT, as the European market was warming up for trading, Gold suddenly plunged $12, or 1%, to $1,242 an ounce, on a surge in volume with 18k contracts, or just over $2 billion notional, trading in a one-minute window

Get Ready, Sprott's John Embry Believes ‘An Explosive Move is Setting Up in Gold and Silver‘...

Technical analyst Jack Chan charts the latest moves in the gold and silver markets, and believes the ongoing consolidation may end soon.

Doldrums term is very apt for gold’s summer predicament.  It describes a zone in the world’s oceans surrounding the equator.  There hot air is constantly rising, creating long-lived low-pressure areas.  […]

"I've Never Sold An Ounce Of Gold Or Silver!" You Might Be Downcast Regarding the Recent Price Action in Gold and Silver, But Billionaire Metals Aficionado Eric Sprott Isn't: 

There is healing power in gold. Not only does the yellow metal  serve as an investment as well as money, it is increasingly being used in technological applications, particularly in the healthcare field.
A recent advance reported by Science Daily could significantly improve medical implants. Researchers from the University of Basel have modified short-chain silicones in a way that allows them to build strong bonds to gold atoms. This process could be used to develop artificial muscles.

The June Federal Reserve rate hike wasn't a surprise. Most analysts expected Yellen and company to boost rates by 0.25 points. The only thing that was a little surprising was the hawkish tone the central bankers took at the most recent Federal Open Market Committee meeting. The Fed is hinting it will continue to push forward with interest rate normalization and begin to shrink its balance sheet. This raises an important question.
Why?
As we have pointed out, the data simply doesn't support the hawkish stance taken by the Fed. Even some mainstream analysts have made this observation. So what gives? Why is the Federal Reserve so desperate to hike rates?

The mechanisms of the gold standard managed to maintain stability before the First World War.

The recent slow growth & market volatility is clearly evident in the WLEI, not in the WLIg, both indicators are now generally in agreement in their directions of movement.

While there are many factors that influence the purchasing power of money, inflation is still inherently a monetary phenomenon and the role central banks play simply can’t be ignored.

Precious metals expert Michael Ballanger reflects on the state of the stock and bond markets and their effect on the gold market.

Equity markets may well be overvalued but realise that capital has to go somewhere

In the cohort of central bankers, at least the Fed isn’t Bank of Japan yet, they manage to sound legit without success.

From Starbucks to Domino's, all the food-ordering mobile apps have one thing in common: Cheap technology has replaced a human cashier or order-taker.

It’s rare when you can look at the historical behavior of an asset and pinpoint a reliable trend with its price. If you find one, you can potentially put the odds of “buying low” in your favor.Well, that’s exactly what we have with silver right now.As you’re about to see, the silver price has historically fallen pretty hard every June.Why? It probably has something to do with it being the official beginning of summer. Vacations abound, and less attention is paid to markets in general. It’s what led to the adage, “sell in May and go away.”

Summarizing it all: the workers you see in the photo below are now an endangered species.

Well, here it is, folks. The setup/opportunity that may turn into the biggest move in the markets for the next century.  METALS.