Precious metals news

Grant Williams digs deep into the auto sector to see what the future holds and the likely impact for the US economy.

Unaccountable central bankers who are primarily responsible for the poverty of working people & who will be ultimately held to account in the next crisis.

just look at the money piling into bets that the Federal Reserve is going nowhere soon with monetary tightening.

Top U.S. banking regulators are sprinting to ease the Volcker Rule, stress tests and other constraints on Wall Street after the Trump administration issued a long list of proposals last week for rolling back post-crisis financial rules.

FedChair Janet Yellen’s candidacy for another term is encountering resistance from some Trump administration advisers who want a new leader at the U.S. central bank, according to two administration officials, even as the Treasury secretary indicated she may still be in the running.

Plans to slow costs may trigger big bills for states and providers while cutting options for the poor.

The collapse of the PetroDollar system would mean the end of the U.S. Dollar supremacy and with it, the end of gold market intervention.

The Fed is hawkish about jacking up interest rates, but even the mainstream is catching on to the disconnect between Fed rhetoric and actual data.
The recent Federal Reserve rate increase and talk of more boosts in the future has sparked a rally for the dollar. This has caused the price of gold to sag. But TJM Institutional Services managing director Jim Iuorio recently said on CNBC's Futures Now that he's still bullish on gold because he thinks the Fed's hawkish tone doesn't line up with actual economic data.

The Federal Reserve nudged up interest rates another .25 points last week. Of course, nobody was surprise by the central bank's move. It was widely expected. Nevertheless, the Fed's latest policy move has everybody bullish on increasing rates into the future
Of course, nothing has fundamentally changed. As Paul Singer said earlier this month, the financial system is no more sound than it was in 2008.  All of this talk about rate hikes will vanish like a vapor if actual economic data continues to point toward a slowdown.
But since everybody is talking rate hikes right now, this is probably a good time to consider just how rising interest rates will effect your wallet.

The global economy will become unleashed & that when it does throw off the monetary anchor it will be a very, very bad time to be a bond investor.

It plunged by 96% from $315 to $13 on massive volume, before rebounding.

The idea that the Fed has “raised rates” is nothing more than propaganda for the primary purpose of “MOPE”...

The 50 day moving average has crossed down through the 200 day which is good news for gold and silver.

(Thanks To Debt Ceiling On Feds) Yes, the US public debt is temporarily frozen at the statutory debt limit (with the exception of fiscal shenanigan with public debt held by investors versus intragovernmental lending)

The latest move from the Fed has one non-obvious side effect:

“Are you kidding? Are you kidding? No one knows what you’re doing.” - Economist John Taylor in response to William Dudley’s (President Federal Reserve Bank of New York, Vice Chairman of the Federal Open Market Committee)

This illustrates how many investors jump straight to gold whenever there is instability in the markets.

When you here the word 'reform', you've got to read the fine print

Danish authorities are to tighten anti-money laundering laws following the recent revelations in the so-called Panama Papers. The proposal is longer prison sentences for individuals involved in financial crimes.

Venezuela has lashed out at the US for trying to forge a plan to address its political crisis, daring Washington to "send in the marines" and threatening to meet troops with a "crushing response."